Lake Pointe Villas

Key facts from Lake Pointe Villas's documents

Community type

Covenant / Planned Community

Legal name

Lake Pointe Villas Homeowners Association

Developer / declarant

First Denver Investment Corporation

Assessments & dues

Board fixes yearly assessments until all lots purchased by non-developer owners; thereafter by majority vote of members at annual meeting (Section 2.06)

Special assessments

May be levied for capital improvements with assent of majority of aggregate votes of members voting in person or by proxy at a meeting (Section 2.07)

Collections & liens

Unpaid assessments become a continuing lien on the property; Association may foreclose or bring action at law against owner (Section 2.04, 2.11)

Reserves & fees

Interest at 18% per annum from due date if assessment not paid within 30 days (Section 2.11)

Pets

Only household pets; must be kept confined or on leash so as not to cross property line or become a nuisance (Section 3.12(iii))

Parking & vehicles

No vehicle, boat or trailer shall be parked on any street in the Development (Section 3.09)

Architectural approval

No dwelling, building structure, alteration or improvement of any type may be constructed or placed on any lot without prior written approval of Board (Section 2.14 A)

Signs & flags

Only 'For Sale' or 'For Rent' signs allowed, max size 18x24 inches, require prior written approval of Board; size restriction not applicable to initial builder/developer but applies to first occupant and subsequent owners (Section 3.12(ii))

Use restrictions

No lot shall be used except for single family residential purposes (Section 3.01)

Voting & meetings

One vote per lot; multiple owners prorate the vote unless they agree otherwise; no more than one vote per lot (Section 2.03)

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