Lindsley Park

Key facts from Lindsley Park's documents

Community type

Condominium (Declaration of Condominium for Lindsley )

Legal name

Lindsley Park Homeowners Association, Inc.

Units / lots

35 (20 dwelling units after consolidation; 15 parking units) (Exhibit B of Second Amendment and Third )

Governing law

Colorado Common Interest Ownership Act, C.R.S. § 38-33.3 (Second Amendment Recital B, Section 5.6,)

Assessments & dues

Estimated cash requirements determined by Executive Board. Allocated in three categories: A (equal per unit), B (per allocated interest), C (equal per parking unit). (First Amendment Section 12.3.1)

Collections & liens

Association may require reimbursement for collection costs and reasonable attorney fees without commencing legal proceeding if Owner fails to pay assessments. (Second Amendment Section 12.13)

Reserves & fees

Investment of reserve funds is a policy to be adopted by Executive Board. (Second Amendment Section 6.12.1(b)(vi))

Leasing & rentals

Yes, with authorization. Owner must apply for non-owner residential use. First-come, first-serve basis. (First Amendment Section 6.10)

Architectural approval

Yes. Decisions on architectural or landscaping changes shall be made in accordance with standards and procedures in duly adopted rules and regulations. (Second Amendment Section 17.1)

Signs & flags

Political signs allowed; Association may adopt reasonable rules regarding placement, installation, size, content, manner. (Second Amendment Section 5.6)

Voting & meetings

Weighted voting based on allocated interests per Exhibit B. Each dwelling unit has basis points; each parking unit has .125% weighted voting percentage. (Second Amendment Exhibit B)

Amendments

Requires favorable vote of Owners holding more than 50% of weighted vote (Second Amendment) or requisite number (Third Amendment). If first mortgagees' approval required, written notice with copy to each first mortgagee; notice printed in n (First Amendment Recital C; Second Amendm)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.