We also engage homeowners early, encouraging them to participate on the board and various committees. Our approach to covenant enforcement is to be straightforward, open and direct, to utilize common sense, and to maintain a non-adversarial, neighborly attitude to the extent possible. We provide clear documentation of HOA covenant restrictions, structure, activities and procedures, hire professional management, provide financial support, and remain totally committed to the financial well-being and smooth operation of the HOA until the community is fully developed. We must also decide the best way to ensure adherence to the protective covenants, which are established for the common benefit of all homeowners in the community.Īt La Plata, we believe the best approach is to be actively involved in the management process commencing at the outset and continuing through the transition to complete homeowner control. As a conscientious, community-minded developer, La Plata is charged with determining how to best assure that the common areas we create and dedicate to property owners are properly maintained. The challenge of an HOA is to achieve the goal of long-term value preservation by providing quality common areas at a reasonable cost while avoiding the imposition of unreasonable restrictions and overzealous enforcement. The primary activities of an HOA include: common area maintenance, covenant enforcement, amenity management, review and approval of modifications to architectural and landscape elements, and sponsoring of community events. Colorado governs HOAs through the Colorado Common Interest Ownership Act, which regulates certain activities, governs the imposition, payment and collection of assessments and charges, mandates particular procedures, and requires specific information to be provided to homeowners. However, because of fiscal limitations, your municipal government cannot provide and maintain common areas like parks, open space and recreational facilities in a reasonable timeframe and will not provide attractive streetscapes or neighborhood-based programs.Īn HOA is a layer of “private government” (commonly referred to as “community governance”). The City of Colorado Springs and Colorado Springs Utilities provide the bulk of these public safety and utility services for Cordera. Many public services required by a new community-such as fire and police protection, zoning enforcement, maintenance of transportation and utilities-are performed by the local government. The development of quality, livable communities is a complex process. La Plata and the HOA accomplish this in three ways: (1) by building and maintaining common areas and community facilities (2) by formulating and implementing protective covenants establishing standards for design, construction, upkeep and use of property in the community and (3) by establishing community activities, programs and events that serve the needs and preferences of the residents. La Plata’s vision for every HOA we form, like our vision for the Master Planned communities we develop, is to create and preserve long-term value for the homeowners and their property in the community where the HOA functions. For 2023, the assessment for the community is $110 per month, which includes maintenance and utility costs for the common property, snow removal within the common area, weekly homeowner trash and recycling service, insurance on the common area, funding for the future replacement of the Association’s capital assets, as well as the management of the Association and operation, maintenance and membership at the Cordera Community Center.īecause your homeowner’s association (“HOA”) plays such a significant role in the shaping of your community, it is important to understand how it is formed, managed and eventually turned over to homeowners like yourself.
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