Recommendation, Proposal, and Plan for HOA Dissolution

The Board of Directors recommends dissolution of the Association for the following reasons:

1. No Remaining Responsibilities

   • The lake is owned and maintained by the lake owners.

   • Roads are maintained by the Public Improvement District (PID).

   • The Association owns no common property.

2. No Enforcement Authority

   • The Association may only recommend compliance with Larimer County laws.

   • Enforcement authority rests solely with Larimer County.

3. No Benefit to Continued Existence

   • Mandatory dues no longer provide a corresponding benefit to lot owners.

   • The Association’s existence creates an administrative burden without a functional purpose.

4. Legal Compliance

   • Dissolution complies with the Declaration and the Colorado Revised Nonprofit Corporation Act.

For these reasons, the Board unanimously recommends termination of the Covenants and dissolution of the Association.

Please see attached proposal and plan of dissolution

PROPOSAL AND PLAN OF DISSOLUTION .pdf

Download PDF • 81KB