Thank you to our residents who attended the annual meeting at the YMCA! We believe this was the most attended meeting ever! We would like to welcome the boards two new members: Brandon Torrez and Erik Hendrix! We are excited that all 5 positions on the board have now been filled. We will post pictures of the new board members soon!
At the Annual Meeting, there were discussions around the interpretation of the Annual Budget Approval process as written in Section 8.11 of the Covenants, Conditions and Restrictions of the Amended and Restarted Bylaws of Carlson Farm HOA.
Blue Hawk asked Altitude Law to clarify the interpretation of Section 8.11 of the Covenants, Conditions and Restrictions. Altitude has agreed with Blue Hawks interpretation of the section to require a budget veto to only pass in the presence of at least 183 votes of members. This means the budget may only be vetoed by a majority of ALL the association’s unit owners, not just those in attendance of the budget meeting. The purpose of the section is to align with the Colorado Common Interest Ownership Act and not provide any additional authority to membership that isn’t already prescribed in state statute.
The full context of this statute can be found on the Colorado Division of Real Estate’s website here: https://dre.colorado.gov/division-notifications/passing-association-budget