Walnut
Grove is located in the City of Westminster, Jefferson County. It
consists of 63 Single family homes and was developed in one phase. The
Association has no commercial space. Each home is deeded to the
individual owner of that property. The Common areas are held by the
Association. The Association was formed in December of 2000. The
developer turned control of the Association over to an elected body of
Homeowners in September 30, 2002. The Developer no longer has any
control or ownership of any units or common areas. The Board today consists
of 5 Members that have been elected or appointed to serve the entire
Membership.
The Members are responsible to pay Homeowner Association fees. These fees are $60.00 per month, and the Association provides the following: Trash, Common Area Insurance, and Maintenance to the Common Areas. If necessary, fees may be adjusted to cover the Associations operating budget. Additionally, from time to time a Special Assessment may be imposed to the Members to cover capital improvements or other needs the Association might have.
A charge of $120.00 is assessed as a transfer fee for each time a unit is sold or refinanced. Capital Reserves held by Owners should be collected from the Buyers at time of sale and Credited to the Seller. The Amount of the reserves should be obtained by the Seller from his settlement sheet.