Arrowhead Filing #231 Homeowners Association, Inc.

Key facts from Arrowhead Filing #231 Homeowners Association, Inc.'s documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (nonprofit corporation) (Article I - Name and Location)

Legal name

Arrowhead Homeowners Association, Inc.

Units / lots

80 single-family attached dwelling units (townhome units) (Development Agreement Recital D and Sect)

Governing law

Colorado nonprofit corporation law (implied) (Article I - incorporation as a nonprofit)

Assessments & dues

Determined annually by Board of Directors prior to fiscal year (Art. VII, Sec. 2(c)(1))

Collections & liens

Assessments secured by continuing lien; Association may foreclose after 180 days or bring action at law (Art. VII, Sec. 2(c)(2); Art. XII)

Reserves & fees

Assessments not paid within 10 days after due date may bear interest at 6% per annum and Association may assess a late charge (Art. XII)

Parking & vehicles

Private roads owned and maintained by HOA; garages must be used for parking; visitor parking signed and for guests only; no RV, boat, trailer, or recreational vehicle parking permitted (Development Agreement Sec. III.F)

Setbacks / home size

Two-story townhome: main floor ≥1000 sq ft, second story ≥1200 sq ft; three-story: 1400-2100 sq ft (finished, excluding basement/porches) (Development Agreement Sec. III.H.i)

Use restrictions

Subject to Declaration, Articles, and Bylaws; mere acquisition signifies acceptance; intended for residential purposes (implied by townhome development) (Art. II; Development Agreement Recital D)

Voting & meetings

Members entitled to vote; Class A and Class B membership (per Declaration) (Art. III, Sec. 4; Art. III, Sec. 2 (Clas)

Amendments

Bylaws may be amended by majority vote of a quorum of Members present in person or by proxy; HUD approval required while Class B membership exists (if HUD insurance or VA guarantee on first mortgages) (Art. XIV)

Amenities

Two 30x30 playground areas with equipment; two outdoor gathering areas with picnic tables and barbecues; locations per landscaping plan (Development Agreement Sec. III.G.i)

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