Town of Steamboat Springs

Key facts from Town of Steamboat Springs's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Common Interest Community (Recitals, second paragraph)

Legal name

River House Owners Association, Inc. (Section 2.5)

Developer / declarant

751 LLC, a Colorado limited liability company (First paragraph)

Governing law

Colorado Common Interest Ownership Act, C.R.S. §38-33.3-101 et seq. (Recitals)

Assessments & dues

Set by Executive Board based on budget; no fixed amount stated (Section 9.3)

Special assessments

Allowed for operating deficit, unbudgeted expenses, construction, etc.; requires 30 days notice (Section 9.6)

Reserves & fees

One quarter of one percent (0.25%) of purchase price; payable to Declarant during Association Control Period, then to Association; donated to Sheila M. Cook Community Art Foundation (Section 9.13)

Voting & meetings

Each Unit has percentage voting interest as Allocated Interest set forth in Exhibit B; exercised by Owner (Section 8.3)

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