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COLORADO MANAGEMENT & REALTY INC.



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COLORADO MANAGEMENT & REALTY INC.  8120 SHERIDAN BLVD  # A-200
ARVADA COLORADO 80003   303-433-2325  EMAIL emailus@cmrdenver.com  FAX 303-433-5044
INFORMATION ON THIS WEB PAGE IS DEEMED RELIABLE BUT NOT GUARANTEED

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.