Thunder Mountain Condominium

Key facts from Thunder Mountain Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: 'THUNDER MOUNTAIN CODOMINIUM ASSO)

Legal name

Thunder Mountain Condominium Owners' Association

Assessments & dues

Board fixes general assessments based on operating budget, per sharing ratios defined in Declaration; special assessments may be levied without owner approval for increased expenses, capital, emergencies (Section 7.4(e), (f); Schedule B)

Special assessments

May be levied without prior approval of owners for increased/unanticipated operating expenses, additional capital, emergencies, or liquidated damages for violations (Section 7.4(f); Schedule B)

Collections & liens

Unpaid assessments constitute a lien on the unit in favor of Association; Association may foreclose (Section 9.2; Schedule B(2))

Reserves & fees

Contingency reserve for common expenses and emergencies; budget includes necessary reserves for refurbishment (Sections 7.4(e), 9.1)

Maintenance

Association provides cleaning, maintenance of building interiors, snow removal, grounds care, trash removal, exterior repair, water/sewer, electricity, cable, telephone, security, insurance, taxes/fees (Schedule A); owners reimburse for dam (Schedule A; Section 9.5)

Insurance

Hazard and liability insurance covering project, common elements, and unit contents (Section 7.4(d); Schedule A(9))

Voting & meetings

Members vote as set forth in Articles of Incorporation; Board may cast a vote for each week Association owns; each member may vote number of votes entitled for as many persons as Directors to be elected; cumulative voting not allowed (Sections 5.2, 6.6)

Amendments

Board may amend at any regular or special meeting with quorum; members by majority vote may amend at annual or special meeting; if members act, Board cannot later defeat that amendment (Sections 12.1, 12.2)

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