The Rocky Mountain Chapter of CAI is hosting a CAI Industry Update Breakfast on January 20, 2012. Here’s what you need to know about the event:
"On November 4th, CAI’s Colorado Legislative Action Committee filed a Sunrise Application with the Colorado Department of Regulatory Agencies (“DORA”) to determine whether the licensure of…
Back in 2005, the Colorado General Assembly passed Senate Bill 100 which requires that every homeowners’ association (“HOA”) in Colorado must adopt 8 Responsible Governance Policies. Since that time, an additional policy has been added to the mix and the requirement for the “conflicts of interest” policy has been further refined.
As a reminder, here are the 9 Responsible Governance Policies each HOA must adopt and comply with: Continue Reading 2012 HOA To Do List Reminder: Review and Comply with Responsible Governance Policies
Over the past few weeks, I have been posting a series of blog entries outlining items that boards and managers of homeowners’ associations (“HOAs”) should add to their 2012 To Do List. One item that can be easily overlooked is the review and refinement of rules and regulations (“rules”).
Since boards have the fiduciary duty to enforce rules, it’s essential for boards to undertake a periodic review of their association’s rules. While it’s wise to work with legal counsel when reviewing and revising rules, here are a few areas of inquiry:Continue Reading 2012 HOA To Do List Reminder: Review and Refine Rules
Merry Christmas and Happy Holidays from everyone at Winzenburg, Leff, Purvis & Payne!
On the first day of Christmas my HOA gave to me written approval for my pear tree.
On the second day of Christmas my HOA gave to me, two pooper scoopers and written approval for my pear tree.
On the third day of Christmas my HOA gave to me, three French drains, two pooper scoopers and written approval for my pear tree.Continue Reading The Twelve Days of Christmas – HOA Style
As Congress continues to play politics with extending the payroll tax deduction into 2012, Community Associations Institute ("CAI") reports that an increase in fees on Fannie Mae, Freddie Mac and FHA seems to be an inevitable part of any deal ultimately reached. CAI National published the following report: Continue Reading CAI Reports Congress to Increase Fees on Fannie Mae, Freddie Mac, and FHA
On a yearly basis, the boards of homeowners’ associations (“HOAs”) are faced with making important and sometimes costly decisions on behalf of the communities they govern. When retaining the services of professionals and vendors to provide services for your association – it’s essential to exercise due diligence to ensure your association is properly protected. Here are some important reminders:Continue Reading 2012 HOA To Do List: Exercise Due Diligence Before Executing Contracts
In my November 30th blog posting, I reminded HOA boards and managers to put the renewal of their HOA’s registration with the Colorado Division of Real Estate (“Division”) on their 2012 To Do List. In that posting, I noted that we suspected the registration fee would be significantly increased to cover the costs of…
As we slide into 2012, it’s important for the boards of HOAs to take a careful look at the status of their reserve funds. By now, every HOA should have adopted a Reserve Study Policy that is required under Colorado law. C.R.S. 38-33.3-209.5(1)(b)(IX) provides that a Reserve Study Policy must include the following:Continue Reading 2012 HOA To Do List Reminder: Review Reserve Study Policy and Make Contributions to Reserves
In the busy-ness of day to day work, once in awhile I get a chance to reflect on what is causing all of this busy-ness. It seems that the last several years have, unfortunately, brought out much conflict in the operations of community associations, resulting in contentious board meetings and annual meetings, as well as disputes between associations and their members and owner to owner disputes. The Foundation for Community Association Research, a national 501(c)(3) organization devoted to common interest community research, development and scholarship recently published a paper by Courtney L. Feldscher, a Ph.D. Candidate at Boston University addressing managing conflict in community associations.Continue Reading Conflict Management in Your Association
Andrew Fortin, CAI National’s Vice President of Government & Public Affairs, has provided CLAC with the following important ALERT for CAI members in Colorado:
“CAI members in Colorado have reported that a mortgage company in that state is telling lenders that in order to obtain a mortgage for a home in a community association; the…
