![]() All residents are members of the CVR Master Association. How many home owner associations exist in Castle Valley Ranch and which one do I belong to?Ī. The Board recognizes that there may be changes needed to these policies and procedures and reviews them as needed to make them work fairly for all involved. These policies and procedures provide a standard process for the Board to follow in these matters as well as a written notification to the homeowners about how these issues will be handled. While the Board has always tried to be fair and consistent in our interactions with residents, in 2006 the State Legislature required that all HOA’s develop policies and procedures to detail how they handle 1) covenant enforcement and fines, 2) conduct of meetings, 3) collection policy, 4) adoption of rules, 5) inspection of records, 6) conflict of interest and 7) investment of reserve funds. What are the “policies and procedures” that the Board uses?Ī. The entire letter from the HOA attorney can be viewed by using this link Consequently, even Filing 1 homeowners are members of the HOA. The declarant took the necessary legal steps to include Filing 1 in the revived HOA in 2000. Even though the HOA was dormant until 2000, it did exist. The Board has heard several residents question this and asked our legal counsel for their opinion. I live in Filing 1 and since the HOA didn’t exist when I moved here, I don’t think I have to belong to the HOA. The Board is cautious about involving our attorney since it is expensive and we want to work with residents outside of the legal arena to resolve our problems but there are times when this is necessary. Since covenant enforcement, if taken to the extreme, can involve the filing of liens on a property or court actions, they must be handled by an attorney. Given the general nature of HOA management, the involvement of state laws in our process, the complicated nature of covenant enforcement and penalties, the historical evolution of CVR HOA, as well as the need to ensure that all residents are treated fairly and within the law, the Board constantly checks with our attorney on these matters. With the help of the HOA’s attorney and the property manager, the CVR HOA stays in compliance with these laws.Ī. CRS and collectively are known as the “Colorado Common Interest Ownership Act”. Yes, as a quasi governmental organization, Colorado Revised Statutes provide direction as to how HOA’s conduct business. Are there laws that the HOA must follow?Ī. The Board also develops an annual budget. The Board also solicits property owner input and addresses concerns about matters within Castle Valley Ranch (CVR). The Board directs the property manager as to procedures for handling covenant issues. The Board discusses current covenant violations, actions and settlements. A primary job duty of the Board is the interpretation and enforcement of the covenants. The Homeowner’s Association (HOA) Board meets on a bi-monthly schedule to handle HOA business. What are the responsibilities of the Board of Directors?Ī. ![]()
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