Community E-ssentials

January 2006 Issue 50   Volume 5 Issue 1  
In This Issue
New Name, New Partners, New Building, And Our Continuing Dedication To Building “Strength In Association!”
Doing The Right Thing: Making Unwelcome Changes For Your Association
Your Legislative Information Has A New Address – www.hoalegislate.com
What Is A “Common Interest Community" Under CCIOA?
Under-Insurance A Looming Problem For Associations
Questions & Answers
Past Issues
Issue 49
December 1, 2005
Vol. 4 Issue 13
NUMBER 48
November 1, 2005
Vol. 4 Issue 12
NUMBER 47
October 1, 2005
Vol. 4 Issue 11
NUMBER 46
September 1, 2005
Vol. 4 Issue 10
NUMBER 45
August 1, 2005
Vol. 4 Issue 9
NUMBER 44
July 1, 2005
Vol. 4 Issue 8

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January Survey

Has your association borrowed or considered borrowing money in the last 2 years?

Yes

No

Has your association imposed or considered imposing a special assessment in the last 2 years?

Yes

No

December Survey Results
Should associations be required to disclose to owners the reserve study if one exists?
87% Yes
  6% No
  6% Don't Care

Would a list indicating both association and owner maintenance and insurance responsibilities be helpful?
91% Yes
  5% No
  4% Perhaps


 
New Name, New Partners, New Building, And Our Continuing Dedication To Building “Strength In Association!”
As you may already have heard, we have much to celebrate as 2006 begins. Not only do we have wonderful clients and colleagues, we are proud to announce the exciting new changes taking place.
[FULL STORY]
 
Doing The Right Thing: Making Unwelcome Changes For Your Association
For years, association boards, fearful of antagonizing cost-sensitive owners, have deferred maintenance, ignored the need to build reserves, and maintained common area fees at unrealistically low levels. While these policies have maintained the good will of owners, they have failed to maintain the association’s buildings and property. Now the day of reckoning for many communities has arrived.
[FULL STORY]
 
Your Legislative Information Has A New Address – www.hoalegislate.com
On January 11, the 2006 legislative session begins – and on the agenda is a SB 100 Clean-up Bill and possibly other bills that will affect your homeowner association.
[FULL STORY]
 
What Is A “Common Interest Community" Under CCIOA?
The Colorado Common Interest Ownership Act (“CCIOA”) governs the formation, management and operation of most Colorado associations and common interest communities (“CIC’s”). CCIOA applies differently to CIC’s and their associations if the CIC existed prior to July 1, 1992, the effective date of CCIOA (“pre-CCIOA communities”) and those created after that date (“post-CCIOA communities.”)

CCIOA does not apply, in any respect, to the voluntary associations in communities that do not fall within the definition of a CIC. This distinction makes it important for associations and boards to understand whether or not their community is a “common interest community” as defined by CCIOA or Colorado case law.

[FULL STORY]
 
Under-Insurance A Looming Problem For Associations
Picture this, although it’s not a pleasant image. A fire caused by an electrical short swept through your community last night. No one was hurt, fortunately, but one building was destroyed completely and two others suffered extensive damage. Your first thought as a member of the board of directors: Buildings can be repaired or replaced. Your second thought: It’s a good thing our insurance will cover the costs. But will it?
[FULL STORY]
 
Questions & Answers
Does the board have the authority to go into an executive session to discuss matters pertaining to an association employee, regardless of the employee’s stated preference that the matter be discussed openly?

Yes. A board has the sole discretion to decide whether or not to go into an executive session for a number of statutorily allowed reasons.  One of the reasons allowed is to discuss matters pertaining to an association employee.

[FULL STORY]
 
Lunch Forums For Managers

February 2
Increasing Fiscal Viability: 
Borrowing or Assessing?
12:00 - 1:30 PM

Arvada Office
5610 Ward Road
Suite 300
(1 mile north of I-70)



 

HindmanSanchez P.C.


To learn more about HindmanSanchez's services, visit our website at
www.hindmansanchez.com



 
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Community Associations Institute

The Community Associations Institute (CAI) is a nonprofit organization that provides education and resources to community associations. To find out more about CAI visit
www.caionline.org


 
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Published by HindmanSanchez P.C.
Copyright © 2006 HindmanSanchez P.C.. All rights reserved.
These materials have been prepared by HindmanSanchez P.C. for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel. Please do not send us confidential information until you speak with one of our attorneys and get authorization to send that information to us. If you wish to initiate possible representation, please contact Tom Hindman or Loura Sanchez.
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