(303) 433-2325
Ralston Business Park
Ralston Business Park
Ralston Business Park association is located at 5545 W 56th. in Arvada Colorado, it consists of 1 building, 6 units, and developed in one phase. The Complex has no residential space and units are held in fee simple. The Association was formed in February 2004 after the units were built for commercial use. The developer turned control of the Association over to an elected body of Homeowners in October 2008 The Developer no longer has any control or ownership of any units or common areas. The Board today consists of 3 Members that have been elected or appointed to serve the entire Membership.
The Members are responsible to pay Homeowners Association fees, these fees range from,$94.00 to $328.00 per month, and the Association provides the following: trash, water, Common Area Insurance, and Maintenance to the Common Areas. If necessary, fees may be adjusted to cover the Association’s 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 $250.00 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 their settlement sheet.
The Association’s fiscal year ends on December 31st of each year
Members of this Association also have membership rights and responsibilities to the Ralston Business Park Master Association.