Checklist for Annual Disclosures as Required by CCIOA

The Colorado Common Interest Ownership Act (CCIOA) requires associations to annually “disclose” the information below within 90 days after the end of each fiscal year: Name of the association; Name of the association’s designated agent or management company, if any; Valid physical address and telephone number for both the association and designated agent or managementGo to Resource

Build Out Issues Checklist

Attorney Fees Pay attorney fees to negotiate and complete any annexation agreements    Amendment to Declaration/Bylaws/Articles Pay all costs including attorney fees associated with governing documents  Landscaping Issues Common Areas; complete within ____ days of annexation Provide as built drawings – lines, rotors, controllers and clocks, and right to reject Walk through before turning overGo to Resource

2011 CCIOA Budget Ratification Checklist

As 2011 nears, many boards and managers find themselves in the midst of budget season. If your community was created after July 1, 1992, it is subject to the budget process laid out in CCIOA. Although this process sets forth lots of requirements, it also creates latitude for associations whose documents set forth more stringentGo to Resource

Manager Liability

Experience has proven that a manager who takes the effort to avoid the five practices listed below benefits both from reduced liability and the increased professionalism that he/she exhibits in dealing with boards, vendors, and developers. 1.    Do not exceed documented authority to act The contract between the manager and the association and the minutes/resolutionGo to Resource

Hold Harmless Clauses In Management Agreements

Traditionally, most management agreements contain a provision known as a “hold harmless” clause.  Such clause generally indemnifies and holds harmless a manager from claims arising from situations he or she did not cause or were forced to participate in by virtue of his or her subservient role as agent of the association.  Hold harmless clausesGo to Resource
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