BY-LAWS
OF
VALLEY HI OWNERS ASSOCIATION, INC
A Colorado Nonprofit Corporation
El Paso County, Colorado
TABLE OF CONTENTS FOR
VALLEY HI OWNERS ASSOCIATION, INC
BY-LAWS
ARTICLE I - NAME, LOCATION, PURPOSE & OBLIGATION
Section 1.1 NAME
Section 1.2 LOCATION
Section 1.3 PURPOSE
Section 1.4 OBLIGATION
ARTICLE II - DEFINITIONS
Section 2.1 - Association
Section 2.2 - Properties
Section 2.3 - Common Area
Section 2.4 - Unit
Section 2.5 - Owner
Section 2.6 - Declaration
Section 2.7 - Member
Section 2.8 - Voting
Section 2.9 - Majority of Unit Owners
ARTICLE III - MEMBERSHIP AND VOTING RIGHTS
Section 3.1 - Membership
Section 3.2 - Voting Rights
ARTICLE IV - MEETINGS OF MEMBERS
Section 4.1 - Annual Meetings
Section 4.2 - Special Meetings
Section 4.3 - Notice of Meetings
Section 4.4 - Quorum
Section 4.5 - Proxies
Section 4.6 - Adjourned Meeting
Section 4.7 - Order of business
ARTICLE V - BOARD OF DIRECTORS
Section 5.1 - Number
Section 5.2 - Term of Office
Section 5.3 - Removal
Section 5.4 - Compensation
Section 5.5 - Regular Meetings
ARTICLE VI - OFFICERS
Section 6.1 - Enumeration of Officers
Section 6.2 - Election of Officers
Section 6.3 - Term
Section 6.4 - President
Section 6.5 - Vice President
Section 6.6 - Secretary
Section 6.7 - Treasurer
ARTICLE VII - COMMITTEES
Section 7.1 - Committees
ARTICLE VIII - ASSESSMENTS AND FINANCES
Section 8.1 - Creation of the Lien and Personal Obligation of Assessments
Section 8.2 - Purpose of Assessments
Section 8.3 - Budget
ARTICLE IX - MAINTENANCE AND REPAIRS
Section 9.1 - Association Responsibility
Section 9.2 - Owner Responsibility
ARTICLE X - INSURANCE AND INDEMNIFICATION
Section 10.1 - Insurance
ARTICLE XI - USE RESTRICTIONS
Section 11.1 - Residential Use
Section 11.2 - Rental Restrictions
Section 11.3 - Pets
ARTICLE XII - ARCHITECTURAL CONTROL
Section 12.1 - Architectural Control Committee
ARTICLE XIII - ENFORCEMENT
Section 13.1 - Violations
Section 13.2 - Fines
ARTICLE XIV - AMENDMENTS
Section 14.1 - Amendment Procedure
ARTICLE XV - DISSOLUTION
Section 15.1 - Dissolution Procedure
ARTICLE XVI - MISCELLANEOUS
Section 16.1 - Fiscal Year
Section 16.2 - Conflicts
ARTICLE XVII. MANAGEMENT CONTRACT
Section 17.1 Authority to Contract
Section 17.2 Delegation of Powers
Section 17.3 Financial Authority
Section 17.4 Limitations on Authority
ARTICLE XVIII. INDEMNIFICATION OF OFFICERS AND MANAGERS
Section 18.1 Scope of Indemnification
Section 18.2 Standard of Conduct
Section 18.3 Insurance Requirements
ARTICLE XIX. OBLIGATIONS OF OWNERS
Section 19.1 Assessment Obligations
19.1.1 Payment Requirements
19.1.2 Delinquency Provisions
19.1.3 Collection Procedures
19.1.4 Lien Rights
Section 19.2 Maintenance and Repair Responsibilities
19.2.1 Unit Components
19.2.2 Reporting Requirements
19.2.3 Temperature Requirements
19.2.4 Safety Obligations
Section 19.3 Access for Maintenance
19.3.1 Access Rights
19.3.2 Notice Requirements
19.3.3 Emergency Provisions
Section 19.4 Use Restrictions and Covenants
19.4.1 Prohibited Uses
19.4.2 Commercial Activities
19.4.3 Structural Modifications
19.4.4 Nuisance Provisions
ARTICLE XX. COMPLIANCE
Section 20.1 Enforcement Authority
20.1.1 Board Powers
20.1.2 Notice Requirements
20.1.3 Hearing Procedures
Section 20.2 Enforcement Procedures
20.2.1 Violation Notices
20.2.2 Hearing Rights
20.2.3 Fine Schedule
20.2.4 Progressive Penalties
Section 20.3 Legal Remedies
20.3.1 Legal Actions
20.3.2 Attorney Fees
20.3.3 Violation Recording
20.3.4 Suspension of Rights
Section 20.4 Alternative Dispute Resolution
20.4.1 Mediation Requirements
20.4.2 Cost Sharing
20.4.3 Mediator Selection
20.4.4 Arbitration Options
Section 20.5 Governmental Compliance
20.5.1 Legal Requirements
20.5.2 CCIOA Compliance
20.5.3 Regulatory Obligations
ARTICLE I - NAME, LOCATION, PURPOSE & OBLIGATION
Section 1.1 NAME. The name of the organization shall be VALLEY HI OWNERS ASSOCIATION, INC.
Section 1.2 LOCATION; 434 Valley Hi Circle, Colorado Springs, CO 80910, El Paso County
Section 1.3 PURPOSE. The purpose for which this non-profit Association is formed is to govern the Condominium Property situated in El Paso County as described on the attached Exhibit “A”, which by this reference is made a part hereof, and which property has been submitted to a Regime according to the provisions of the Condominium Ownership Act of the State of Colorado.
Section 1.4 OBLIGATION. All present or future owners, tenants, future tenants or any other person that might use the facilities of the Project in any manner, are subject to the regulations set forth in these By-Laws. The mere acquisition or rental of any of the Condominium Units (herein after referred to as “Units”) of the Project or the mere act of occupancy of any of said Units will signify that these By-Laws are accepted, ratified and will be complied with.
ARTICLE II - DEFINITIONS
Section 2.1. "Association" shall mean and refer to VALLEY HI OWNERS ASSOCIATION, INC., a Colorado nonprofit corporation, its successors and assigns.
Section 2.2. "Properties" shall mean and refer to that certain real property described in the Declaration of Covenants, Conditions and Restrictions, and such additions thereto as may hereafter be brought within the jurisdiction of the Association.
Section 2.3. "Common Area" shall mean all real property owned by the Association for the common use and enjoyment of the Owners.
Section 2.4. "Unit" shall mean and refer to any plot of land and any improvements thereon shown upon any recorded subdivision map of the Properties designated for separate ownership.
Section 2.5. "Owner" shall mean and refer to the record owner, whether one or more persons or entities, of the fee simple title to any Unit.
Section 2.6. "Declaration" shall mean and refer to the Declaration of Covenants, Conditions and Restrictions applicable to the Properties recorded in the office of the Clerk and Recorder of the County in which the Properties are located.
Section 2.7. "Member" shall mean and refer to every person or entity who holds membership in the Association. Any person on becoming an Owner of a Condominium Unit shall automatically become a Member of this Association and are subject to these By-Laws. Such membership shall terminate without any formal Association action whenever such person ceases to own a Condominium Unit. Such termination shall not relieve or release any such former Owner from any liability or obligation incurred under or in any way connected with VALLEY HI CONDOMINIUMS during the period of such Ownership and Membership in this Association, or impair any rights or remedies which the Board of Directors or others may have against such former Owner arising out of or in anyway connected with such Ownership and Membership of the covenants.
Section 2.8 Voting. Voting shall be based on the number of Units owned. The number of Units is 48, and each Unit Owner or Owners are entitled to one common vote.
Section 2.9 Majority of Unit Owners. As used in these By-Laws the term shall mean those Owners with fifty-one percent of the votes entitled to be cast.
ARTICLE III - MEMBERSHIP AND VOTING RIGHTS
Section 3.1. Membership. Every person or entity who is a record owner of a fee or undivided fee interest in any Unit shall be a member of the Association. Membership shall be appurtenant to and may not be separated from ownership of any Unit.
Section 3.2. Voting Rights. The Association shall have one class of voting membership. Members shall be all Owners and shall be entitled to one vote for each Unit owned. When more than one person holds an interest in any Unit, all such persons shall be members. The vote for such Unit shall be exercised as they determine, but in no event shall more than one vote be cast with respect to any Unit.
ARTICLE IV - MEETINGS OF MEMBERS
Section 4.1. Annual Meetings. The first annual meeting of the members shall be held within one year from the date of incorporation of the Association, and each subsequent regular annual meeting of the members shall be held in the same month of each year thereafter at a date, time and place set by the Board of Directors.
Section 4.2. Special Meetings. Special meetings of the members may be called at any time by the President or by the Board of Directors, or upon written request of one-fourth (1/4) of the members who are entitled to vote. The notice of any special meeting shall state the time and place of such meeting and the purpose thereof. No business shall be transacted at a special meeting except as stated in the notice unless by consent of four-fifths (⅘) of the Owners present, either in person or by proxy.
Section 4.3. Notice of Meetings. Written notice of each meeting of the members shall be given by, or at the direction of, the Secretary or person authorized to call the meeting, by mailing or delivering a copy of such notice, at least fifteen (15) days before such meeting to each member entitled to vote thereat, addressed to the member's address last appearing on the books of the Association, or supplied by such member to the Association for the purpose of notice. Electronic notice can be sent in lieu of mail, or hand-delivered notices.
Section 4.4. Quorum. The presence at the meeting of members entitled to cast, or of proxies entitled to cast, one-third (1/3) of the votes of the membership shall constitute a quorum for any action except as otherwise provided in the Articles of Incorporation, the Declaration, or these By-Laws.
Section 4.5. Proxies. At all meetings of members, each member may vote in person or by proxy. All proxies shall be in writing and filed with the Secretary. Every proxy shall be revocable and shall automatically cease upon conveyance by the member of their Unit.
Section 4.6 Adjourned Meeting. If any meeting of Owners cannot be organized because a quorum has not attended, the Owners who are present, either in person or by proxy, may adjourn the meeting from time to time until a quorum is attained.
Section 4.7 Order of business. The order of business at all meeting of the Owners of Units shall be as follows:
Roll call.
Proof of notice of meeting or waiver of notice.
Reading of minutes of preceding meeting
Reports of officers.
Reports of committees.
Election of directors.
Unfinished business.
New business.
ARTICLE V - BOARD OF DIRECTORS
Section 5.1. Number. The affairs of this Association shall be managed by a Board of not less than three (3) nor more than seven (7) Directors, who shall be members of the Association.
Section 5.2. Term of Office. At the first annual meeting the members shall elect Directors for staggered terms of one, two and three years, and at each annual meeting thereafter the members shall elect Directors for a term of three years to fill expiring positions.
Section 5.3. Removal. Any Director may be removed from the Board, with or without cause, by a majority vote of the members of the Association. In the event of death, resignation or removal of a Director, their successor shall be selected by the remaining members of the Board and shall serve for the unexpired term of their predecessor.
Section 5.4. Compensation. No Director shall receive compensation for any service they may render to the Association. However, any Director may be reimbursed for actual expenses incurred in the performance of their duties.
Section 5.5. Regular Meetings. Regular meetings of the Board of Directors shall be held at least quarterly without notice, at such place and hour as may be fixed from time to time by resolution of the Board.
ARTICLE VI - OFFICERS
Section 6.1. Enumeration of Officers. The officers of this Association shall be a President and Vice-President, who shall at all times be members of the Board of Directors, a Secretary, and a Treasurer, and such other officers as the Board may from time to time by resolution create.
Section 6.2. Election of Officers. The election of officers shall take place at the first meeting of the Board of Directors following each annual meeting of the members and each new Board shall hold office at the pleasure of the Board.
Section 6.3. Term. The officers of this Association shall be elected annually by the Board and each shall hold office for one (1) year unless they shall sooner resign, or shall be removed, or otherwise disqualified to serve.
Section 6.4. President. The President shall be the chief executive officer of the Association. He shall preside at all meetings of the Board of Directors and members; shall see that orders and resolutions of the Board are carried out; shall sign all leases, mortgages, deeds and other written instruments. The President, or his designated alternate, shall represent the Association at all meetings of the VALLEY HI OWNERS ASSOCIATION, INC.
Section 6.5. Vice President. The Vice President shall act in the place and stead of the President in the event of their absence, inability or refusal to act, and shall exercise and discharge such other duties as may be required by the Board.
Section 6.6 Secretary. The Secretary shall keep the minutes of all meetings of the Board of Directors and minutes of all meetings of the Association. He shall have charge of such books and papers as the Board of Directors may direct; and he shall, in general, perform all the duties incident to the office of the Secretary.
The Secretary shall compile and keep up to date at the principal offices of the Association a complete list of Members and their last known addresses as shown in the record of the Association. Such list shall sho opposite each Member's name, and the parking spaces and storage space assigned for use in connection with such Unit. Such list shall be open to inspection by Members and other persons lawfully entitled to inspect the same at reasonable times during regular business hours.
Section 6.7 Treasurer. The Treasurer shall receive and deposit in appropriate bank accounts all money of the Association and shall disburse such as directed by resolution of the Board of Directors; provided however, that a resolution in ordinary course of business conducted within the limits of a budget adopted by the Board of Directors, including authority to: sign all checks and promissory notes of the Association; keep proper books of account; cause an annual statement of the Association’s books to be made at the completion of each fiscal year; prepare an annual budget and a statement of income expenditures to be presented to the Membership at its regular annual meeting, and deliver a copy each to the Members; and perform all other duties assigned to him by the Board of Directors.
ARTICLE VII - COMMITTEES
Section 7.1. The Board of Directors shall appoint such committees as deemed appropriate in carrying out its purpose, including:
(a) Architectural Control Committee
(b) Maintenance Committee
(c) Social Committee
(d) Finance Committee
ARTICLE VIII - ASSESSMENTS AND FINANCES
Section 8.1. Creation of the Lien and Personal Obligation of Assessments. Each Owner of any Unit by acceptance of a deed therefor, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay to the Association: (1) annual assessments or charges, and (2) special assessments for capital improvements.
Section 8.2. Purpose of Assessments. The assessments levied by the Association shall be used exclusively to promote the recreation, health, safety, and welfare of the residents and for the improvement and maintenance of the Common Area.
Section 8.3. Budget. The Board of Directors shall adopt a budget for each fiscal year that shall include the estimated funds required to defray the common expenses and to provide and maintain funds for specified reserve accounts.
ARTICLE IX - MAINTENANCE AND REPAIRS
Section 9.1. Association Responsibility. The Association shall maintain, repair and replace all portions of the Common Areas, including but not limited to:
(a) Landscaping
(b) Parking areas
(c) Recreation facilities
(d) External building surfaces
(e) Roofs
(f) Common utilities
Section 9.2. Owner Responsibility. Each Owner shall maintain, repair and replace, at their expense, all portions of their Unit, including but not limited to:
(a) Interior walls, floors, and ceilings
(b) Windows and doors
(c) Appliances and fixtures
(d) HVAC equipment serving only their Unit
(e) Insurance for their Unit
ARTICLE X - INSURANCE AND INDEMNIFICATION
Section 10.1. Insurance. The Board of Directors shall obtain and maintain insurance coverage as follows:
(a) Property insurance on the Common Areas
(b) Commercial general liability insurance
(c) Directors and officers liability insurance
(d) Workers compensation insurance if required
(e) Such other insurance as the Board deems necessary
ARTICLE XI - USE RESTRICTIONS
Section 11.1. Residential Use. Units shall be used for residential purposes only.
Section 11.2. Rental Restrictions. No Unit may be rented for less than thirty (30) consecutive days. All leases must be in writing and provided to the Association.
Section 11.3. Pets. No more than two household pets may be kept in any Unit. All pets must be registered with the Association.
ARTICLE XII - ARCHITECTURAL CONTROL
Section 12.1. Architectural Control Committee. No exterior addition, change or alteration shall be made until the plans and specifications showing the nature, kind, shape, height, materials, and location shall have been submitted to and approved in writing by the Architectural Control Committee.
ARTICLE XIII - ENFORCEMENT
Section 13.1. Violations. The Association shall have the right to enforce these By-Laws through any proceedings at law or in equity against any person or persons violating or attempting to violate any provision hereof.
Section 13.2. Fines. The Board of Directors shall have the right to impose reasonable fines for violations of the Declaration, By-Laws, or Rules and Regulations of the Association.
ARTICLE XIV - AMENDMENTS
Section 14.1. These By-Laws may be amended at a regular or special meeting of the members by a vote of a majority of a quorum of members present in person or by proxy.
ARTICLE XV - DISSOLUTION
Section 15.1. The Association may be dissolved only by a two-thirds vote of all members. Upon dissolution, the assets shall be distributed in accordance with Colorado law.
ARTICLE XVI - MISCELLANEOUS
Section 16.1. Fiscal Year. The fiscal year of the Association shall begin on the first day of January and end on the 31st day of December of every year.
Section 16.2. Conflicts. In the case of any conflict between the Articles of Incorporation and these By-Laws, the Articles shall control; and in the case of any conflict between the Declaration and these By-Laws, the Declaration shall control.
ARTICLE XVII. MANAGEMENT CONTRACT
Section 17.1 Authority to Contract The Board of Directors shall have the authority to enter into a contract with a professional property management company to manage the affairs of the Association. Such management company shall perform its duties in accordance with the Declaration, these Bylaws, the Colorado Common Interest Ownership Act, and the directions of the Board of Directors. The term of any management contract shall not exceed three (3) years and shall provide for termination by either party without cause and without payment of a termination fee upon sixty (60) days written notice.
Section 17.2 Delegation of Powers The management contract may delegate to the property manager any powers and duties for the administration of the Association which the Board may legally delegate including, but not limited to, the following: collection and deposit of assessments; maintenance of Association books and records in accordance with accepted accounting practices; preparation and distribution of annual budgets and monthly financial statements; enforcement of rules and regulations; coordination and supervision of routine maintenance and repairs; administration of insurance claims; and ensuring compliance with applicable state and local laws.
Section 17.3 Financial Authority The management company shall maintain separate accounts for the Association's operating and reserve funds. The management company shall not commingle Association funds with those of any other association or entity. Any expenditure exceeding $5,000 shall require prior Board approval unless specifically authorized in the annual budget or in cases of emergency where immediate action is necessary to prevent damage to the Common Elements or to protect the health, safety, or welfare of the community.
Section 17.4 Limitations on Authority Notwithstanding any provision to the contrary, the management company shall not have the authority to: make capital improvements exceeding $5,000 without specific Board approval; amend or terminate the Declaration or Bylaws; impose special assessments; purchase or sell Common Elements; commence litigation on behalf of the Association (except for routine collection matters); or borrow money on behalf of the Association. These powers are reserved exclusively to the Board of Directors.
ARTICLE XVIII. INDEMNIFICATION OF OFFICERS AND MANAGERS
Section 18.1 Scope of Indemnification The Association shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that such person is or was a Director, Officer, or Committee Member of the Association. This indemnification shall cover all expenses and liabilities actually and reasonably incurred by such person, including attorney fees, judgments, fines, and amounts paid in settlement.
Section 18.2 Standard of Conduct Indemnification shall be provided only if the Director, Officer, or Committee Member acted in good faith and in a manner reasonably believed to be in, or not opposed to, the best interests of the Association. With respect to any criminal action or proceeding, indemnification shall be provided only if the person had no reasonable cause to believe their conduct was unlawful. No indemnification shall be provided in respect to any claim, issue, or matter as to which such person shall have been adjudged to be liable for gross negligence or willful misconduct in the performance of their duty to the Association.
Section 18.3 Insurance Requirements The Association shall maintain Directors and Officers liability insurance with minimum coverage of $1,000,000 per occurrence. Such insurance shall cover past and present Directors, Officers, and Committee Members. The Association shall annually review coverage limits to ensure adequate protection. The insurance shall include coverage for personal injury, property damage, errors and omissions, and employment practices liability. The policy shall be written on a claims-made basis and shall include prior acts coverage dating back to the inception of the Association.
ARTICLE XIX. OBLIGATIONS OF OWNERS
Section 19.1 Assessment Obligations Each Owner shall pay, in accordance with the terms of the Declaration and these Bylaws, all regular and special assessments levied by the Association. Assessments shall be due on the first day of each month unless otherwise specified by the Board. Any assessment not paid within fifteen (15) days of its due date shall be considered delinquent and shall bear interest at the rate of eighteen percent (18%) per annum from the due date until paid. The Association shall have the right to record a lien against the delinquent Owner's Unit and may proceed with foreclosure of the lien in accordance with Colorado law. All costs of collection, including reasonable attorney fees, shall be charged to the delinquent Owner.
Section 19.2 Maintenance and Repair Responsibilities Each Owner shall be responsible for the maintenance, repair, and replacement of all portions of their Unit, including but not limited to: interior walls, floors, and ceilings; all interior doors and windows; all plumbing, electrical, heating, air conditioning, and other utility fixtures and equipment serving only that Unit; and any limited common elements assigned to that Unit. Owners shall promptly report to the Association any damage to Common Elements or any condition that may pose a threat to the structural integrity of the building or the safety of other residents. Owners shall maintain their Units in a clean and sanitary condition and shall not allow any conditions that would create a fire hazard or otherwise endanger the Project or the health of other residents. During cold weather months, Owners shall maintain a minimum temperature of fifty-five degrees Fahrenheit (55°F) within their Units to prevent pipe freezing.
Section 19.3 Access for Maintenance Each Owner shall provide access to their Unit during reasonable hours when necessary for maintenance, repair, or replacement of any Common Elements accessible from their Unit, or for making emergency repairs necessary to prevent damage to the Common Elements or to other Units. The Association shall give reasonable notice of intent to access a Unit whenever possible, except in cases of emergency where immediate access is necessary to prevent damage or injury. In such cases, the Association shall have the right to enter a Unit without prior notice but shall notify the Owner as soon as reasonably possible thereafter.
Section 19.4 Use Restrictions and Covenants No Unit shall be used for any purpose prohibited by the Declaration or by applicable zoning regulations. Commercial activities shall be prohibited except for home-based businesses that comply with local ordinances and do not generate customer traffic, noise, or other disturbances. No Owner shall make any modifications to structural elements or mechanical systems without prior written approval from the Board. No Owner shall create or permit any nuisance, including but not limited to: excessive noise; offensive odors; accumulation of garbage or debris; or any other condition that unreasonably interferes with the peaceful enjoyment of other residents.
ARTICLE XX. COMPLIANCE
Section 20.1 Enforcement Authority The Board of Directors shall have the power to impose reasonable fines for violations of the Declaration, Bylaws, or Rules and Regulations of the Association. Prior to imposing any fine, the Board shall provide written notice to the alleged violator describing the violation and providing an opportunity for a hearing before the Board. The notice shall be sent by certified mail, return receipt requested, to the Owner's address of record with the Association. The notice shall provide at least fourteen (14) days' advance notice of the hearing date, time, and location.
Section 20.2 Enforcement Procedures At any hearing concerning violations, the alleged violator shall have the right to present evidence and cross-examine witnesses. The Board shall provide written notice of its decision within ten (10) days after the hearing. If the Board determines that a violation has occurred, it may impose fines according to the following schedule, subject to modification by Board resolution:
First Violation: Written warning and opportunity to cure within fourteen (14) days
Second Violation of Same Rule: Fine of One Hundred Dollars ($100.00)
Third Violation of Same Rule: Fine of Two Hundred Fifty Dollars ($250.00)
Subsequent Violations: Fine of Five Hundred Dollars ($500.00)
Continuing Violations: Additional fine of Fifty Dollars ($50.00) per day until the violation is cured
Section 20.3 Legal Remedies In addition to imposing fines, the Association shall have the right to bring legal action to enforce compliance or to recover damages resulting from violations. The Association shall be entitled to recover its reasonable attorney fees and costs incurred in any successful enforcement action. The Association may also record a notice of violation against the Unit in the public records and may suspend the voting rights and use privileges of any Owner who remains in violation after reasonable notice and opportunity to cure.
Section 20.4 Alternative Dispute Resolution Prior to commencing litigation (other than actions to collect assessments or enforce liens), the Association and any Owner shall participate in mediation in good faith. The cost of mediation shall be shared equally between the parties unless otherwise agreed. The mediator shall be selected by mutual agreement of the parties, or if they cannot agree, by the American Arbitration Association. If mediation is unsuccessful, the parties may proceed with litigation or may agree to binding arbitration. Nothing in this section shall prevent the Association from seeking immediate injunctive relief in cases of emergency or where necessary to prevent irreparable harm.
Section 20.5 Governmental Compliance All Owners and occupants shall comply with all applicable federal, state, and local laws, ordinances, and regulations. The Association shall comply with all requirements of the Colorado Common Interest Ownership Act and shall maintain all required registrations and licenses. In the event of any conflict between these Bylaws and applicable law, the provisions of law shall control.
IN WITNESS WHEREOF, we, being all of the Directors of VALLEY HI OWNERS ASSOCIATION, INC., have hereunto set our hands this ___ day of ________, 2024.
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