Youngs Peak Preserve

Key facts from Youngs Peak Preserve's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Section 3.3)

Legal name

Young’s Peak Preserve Owners Association

Units / lots

no more than twenty units (Recital C: 'the community contains no mo)

Developer / declarant

Youngs Peak Preserve LLC, a Colorado limited liability company (Page 1 and Section 1.10)

Governing law

Colorado Common Interest Ownership Act, §§38-33.3-105 to 107 only (Recital C)

Assessments & dues

Determined annually by the Board based on budget (Section 6.1: 'The Common Expense Assessm)

Special assessments

Allowed with assent of at least 67% of the votes of Members constituting a quorum at a meeting duly called for this purpose (Section 6.2)

Collections & liens

Unpaid assessments constitute a continuing lien on the Lot; Association may foreclose. Lien priority as provided in the Act. (Section 6.9)

Reserves & fees

Association shall create and maintain a reasonable contingency reserve as a Common Expense (Section 1.8 definition of Common Expense)

Pets

Yes, subject to Wildlife Mitigation Plan and County ordinances; horses and livestock prohibited (Section 8.6)

Architectural approval

Design Review Committee shall review and approve/disapprove within 60 days after complete submission; if no decision in 60 days, applicant may request decision again (Section 7.5)

Home business

Home occupation allowed if: conducted inside Residence or secondary dwelling unit, occupies ≤25% floor area, conducted by residents, maximum one non-resident employee, no retail sales on Lot, no customer visits, no on-site parking in connec (Section 8.2)

Insurance

Fire and extended coverage property insurance on Residence at full replacement value; personal liability insurance with limit no less than $1,000,000 per occurrence combined single limit (Section 10.7)

Use restrictions

Each Lot shall be only for Residential Use; no business or commercial building may be erected (Section 8.1)

Voting & meetings

Each Lot shall be allocated one vote in the Association (Section 4.2)

Amendments

By written and recorded instrument containing consents of at least 67% of the then record Owners of Lots subject to this Declaration (Section 12.5 (text references 'at least )

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