What is a Community Association?
It is a non-profit corporation registered with the State and managed by a volunteer Board of Directors.
What is the purpose of a Community Association?
The primary purpose is to establish an entity that will preserve, maintain, enhance and protect the value of property and amenities within the boundaries of a specific community. It does this by maintaining common areas, and by governing the community in accordance with the provision of the legal documents: CC&Rs; Bylaws; Use Rules and Restrictions; and Articles of Incorporation. It is financially supported by all members of the community association through payment of dues and assessments as stipulated in the Covenant to Share Costs. Membership is both automatic and mandatory.
What is a Community Board of Directors?
Some subdivisions (for example: The Bridges at Talus, townhomes at Ascent, Copperridge and Centerra; and commercial properties for Estates at Cougar Mountain, Rose Crest, and Timber Ridge) each have a Community Board of Directors to oversee matters specific to that subdivision or commercial property.
What are the CC&Rs?
The Covenants, Conditions and Restrictions (CC&Rs) are covenants imposed by a builder or developer and detail how the community is to be governed. In a master-planned community, these rules provide stability and structure for the residential part of the developer’s project, which translates into improved property values for the members. The CC&Rs are a recorded document and are included in the title to your property.
What are the Bylaws?
The Bylaws are developed during creation of a non-profit corporation. They are the provisions that govern the internal management of the association and cover such topics as election of Directors, the terms of the Directors, process for board and member meetings, the principal office of the homeowner’s association, as well as other specific items necessary to run the homeowner’s association.
What are the Use Rules and Restrictions?
The Use Rules and Restrictions are specific rules identifying the types of activities or conduct of the homeowners in a community association. The Board develops the Rules and Restrictions, as provided for in the CC&Rs, to provide direction to homeowners for common courtesies and esthetics with regard to parking, vehicles, pets, fencing, paint color selections, modified structures and the like.
Are governing documents received by each association member?
Copies of the governing documents were included with the title to your property. Updates to these documents are communicated to residents either by email or postal service. Homeowners can choose their preference for the notification method. If you would like paperless electronic updates, please sign up at MyTalus.
What is a common area?
The term “common area” is generally used to describe elements within the community that are owned and maintained by the association, and dedicated to shared use and enjoyment by all owners.
What are my dues and assessments?
Dues and assessments are obligatory fees each homeowner pays to fund their share of the common expenses benefitting all, or a portion of, the association. Homeowner’s assessments finance ongoing operation costs including landscape maintenance, park and common area maintenance, utilities, insurance, management administration, architectural control and enforcement. In addition, a capital reserve account is funded for long-term maintenance and repair of Talus property. Assessments are levied against all homes on the basis of a budget prepared annually by the Board. For more information on your resident-specific dues, contact the Talus management company, CWD Group.
