*This is informational and not association-specific.
It’s that time of the year when most homeowner associations come together to celebrate their community, review accomplishments and see the goals for the next year. At this meeting, the budget is presented and ratified, and if there is a board term that is up, an election is held.
Communities may choose to hold the meeting virtually, in person, or a sort of hybrid meeting. While each association is different, there are some components that will be present.
An annual meeting notice goes out before the annual meeting, and the communities governing documents dictate when homeowners should be notified (most documents require notice to be sent by mail), usually, the notice must be received at least 10 days before the meeting, but not more than 50 days before the meeting.
More information will be on a notice that you receive, but you can expect the time, date, place, and purpose to be on your invitation!
The Colorado Common Interest Ownership Act (“CCIOA”) applies to Colorado owner associations that govern and operate common interest communities and if your interest has been piqued, click HERE to find out even more about how HOA’s are required to comply with requirements in Colorado!