Village at Steamboat Condominium Fka

Key facts from Village at Steamboat Condominium Fka's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Timeshare Plan (Vacation Ownership Plan) within a Condominium Project (Section 1, Page 5: the Subject Units whi)

Units / lots

At least 70 subject units listed in Second Amendment Schedule 2 (Second Amendment, Schedule 2)

Developer / declarant

Wyndham Resort Development Corporation (formerly Trendwest Resorts, Inc.) as Declarant under Condominium Declaration; Wyndham Vacation Resorts, Inc. as Developer of this Declaration (Sections 2.15, recitals)

Governing law

Colorado Condominium Ownership Act (C.R.S. § 38-33-101 through 38-33-113); certain provisions of Colorado Common Interest Ownership Act (C.R.S. § 38-33.3-101 et seq.) also apply. (Section 2.1, Page 5)

Assessments & dues

Example: $2.92 per 1,000 Points for Annual Owner; Biennial Owner pays $1.46 per 1,000 Points. (Section 3.4)

Special assessments

Special Assessment: share of funds for unbudgeted/unanticipated costs, including construction, reconstruction, repair, replacement, etc., not included in Common Expenses. (Section 2.4(a), Page 6; Section 5.3, Pag)

Collections & liens

Unpaid assessments secured by a lien that may be enforced through foreclosure proceedings under Colorado law. VOI Owner consents to lien by purchasing a VOI. (Section 5.6, Page 23; Section 5.9, Page )

Reserves & fees

Annual Budget shall include cost to establish adequate reserve funds for replacement, capital refurbishment, and/or capital improvements of all or any part of the Resort Facility or VOI Unit Furnishings. (Section 5.4, Page 23)

Leasing & rentals

Yes; Occupants include renters and exchange program participants. (Section 2.20)

Maintenance

Timeshare Association responsible for interior maintenance, repair, replacement of VOI Units and furnishings. Condominium Association responsible for exterior/common elements. (Section 4.5.1(a), Section 3.6)

Insurance

Liability insurance and casualty insurance (fire, extended, vandalism, malicious mischief, flood) for Resort Facility and VOI Unit Furnishings. (Sections 7.1, 7.2)

Use restrictions

Use restrictions are covered in Section 10 (not fully extracted); includes rules and regulations adopted by Timeshare Association and restrictions on transfer of VOI (right of first refusal). (Section 10, Page 27-30)

Voting & meetings

Each VOI Owner has one vote for each 1,000 Points assigned to their VOI. Developer's votes equal to all Points remaining unsold divided by 1,000. (Section 4.3.3, Page 13)

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