Last Updated on Wednesday, 24 March 2010 18:16 Written by Board Member Monday, 22 March 2010 00:00
There are four legal documents (governing documents) that are very important to the structure of any Homeowner's Association:
Declaration of Covenants, Conditions, and Restrictions—is similar in function to a municipal charter in that it is “the law of the land.” This document establishes the legal relationship that exists between the Owners and their Association. It also establishes the authority for the Board of Directors (Board) to manage the affairs of the Association. Download here ->>
Policies, Rules, and Regulations—serve the purpose of further delineating the rights and responsibilities of Owners as expressed the Declaration of Covenants, Conditions, and Restrictions and Bylaws. Download here ->>
Articles of Incorporation—are filed with the Secretary of the State of Colorado and establish the corporation (Minotaur Village Homeowners Association) as a legal entity.
Download here ->>
Bylaws—are a manual of operating procedures and adopted by an Association for the government of its members and the regulation of its affairs. It includes requirements for the Annual Meetings, election of Board Members, Board Meetings, duties of Officers, and many other items pertaining to the actual mechanics of management of the Association’s affairs. Download here ->>