THE RANCH AT ROARING FORK

A: It is a non-profit organization registered established by an elected Board of Directors. Its purpose is to maintain all common areas and to govern the community in accordance with the provision of governing documents: CC&Rs, Bylaws, and Articles of Incorporation. The governing documents for the Association may be viewed online within the Governing Documents page. A Homeowner’s Association is financially supported by the mandatory membership.

A: The Covenants, Conditions and Restrictions (CC&Rs) are the governing documents that set up the guidelines for the operation of the Association as a non-profit corporation. The CC&Rs were recorded by the County recorder’s office of the County in which the property is located and are included in the title to your property. Failure to abide by the CC&Rs may result in a fine to a homeowner by the Association. The governing documents for the Association may be viewed online within the Governing Documents section.

A: The Bylaws are the guidelines for the operation of the Association. The Bylaws define the duties of the various offices of the Board of Directors, terms of the Board of Directors, membership voting rights, meeting requirements, notices of meetings, and other requirements of the Association. The Bylaws for the Association may be viewed online within the Governing Documents section.

A: The Board of Directors are elected by the homeowners or as otherwise specified in the Bylaws. The limitations and restrictions of the powers of the Board of Directors is outlined in the Association governing documents found within the Governing Documents section.

A: Most Homeowner’s Associations have developed rules and regulations as provided for in the CC&Rs and adopted by the Board of Directors. Rules are established to provide direction to the homeowners. Rules and guidelines are established to maintain the the integrity of the community on behalf of all owners and protect the property values.

A:The assessment is the periodic amount due from each homeowner to cover the operating expenses of the common area and provide for reserve funds for replacement of common facilities in future years. Assessments are due the first of the month.

A:Maintenance and management services incurred by the Association are dependent upon timely receipt of the assessments due from each homeowner. The CC&Rs allows the Association to charge late charges and interest and proceed with a lien on your property or foreclosure proceeding for nonpayment of assessments.