Saddle Creek Townhomes South

Key facts from Saddle Creek Townhomes South's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential townhome community (WHEREAS: "residential townhome community)

Legal name

Saddle Creek Townhomes South Association

Units / lots

35 maximum (18 south one-half, 17 north one-half) (Article II, Sections 3 and 4)

Developer / declarant

Jardis Development Corp., a Colorado corporation (First paragraph)

Governing law

Colorado Common Interest Ownership Act, Section 38-33.3-101 et seq. (Article I, Section 1)

Assessments & dues

Not fixed; determined annually by Board; first year estimated prior to conveyance of first Lot (Article V, Sections 3(a) and 3(c))

Special assessments

Allowed for unanticipated capital repair/replacement; also for fines/liquidated damages as special assessments (Article V, Section 4; Article IX(c))

Collections & liens

Assessment is a continuing lien on the Lot; may be foreclosed like a mortgage; Association entitled to possession and rents during delinquency (Article V, Sections 1 and 7)

Reserves & fees

Capital reserve fund and operating reserve fund required to be established (Article V, Section 2(k) and (l))

Pets

Yes, one dog or one cat per Lot where Owner resides (Article IX(f) introductory paragraph)

Leasing & rentals

Any Townhome may be leased or rented for residential purposes (Article IX(e))

Parking & vehicles

Association maintains parking area on Common Area; spaces may be designated or undesignated (Article X)

Fences

No fences except as approved under Architectural Control and within designated planting area (Article IX(i))

Architectural approval

Yes, plans and specifications must be approved in writing by Board or architectural committee for any building, fence, wall, exterior addition/alteration (Article VI)

Home business

No business activities of any kind except as permitted by Article IX(e) (Declarant/Association may use Townhomes as models or offices) (Article IX(g) and (e))

Signs & flags

No unsightly signs or billboards except by Declarant, Association, or approved in advance (Article IX(g))

Use restrictions

Lots restricted to construction of residential Townhomes for residential use; lodging and related uses also allowed (Article IX(e))

Voting & meetings

One vote per Lot; co-owners must agree on undivided vote (Article IV, Section 2)

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