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ARTICLE 1 DEFINED TERMS
ARTICLE 2 DESCRIPTION OF REAL ESTATE
ARTICLE 3 THE ASSOCIATION 
ARTICLE 4 LOTS, LOT BOUNDARIES & ASSOCIATION MAINTENANCE 
ARTICLE 5 COVENANT FOR COMMON EXPENSE ASSESSMENTS
ARTICLE 6 COVENANTS, RESTRICTIONS, ALIENATION, OCCUPANCY
ARTICLE 7 INSURANCE 
ARTICLE 8 GENERAL PROVISIONS 
EXHIBIT A DESCRIPTION OF REAL ESTATE

      

BLUE RIVER VALLEY RANCH LAKES ASSOCIATION
SUPPLEMENTAL & AMENDED DECLARATION

COVENANTS      

 Reprinted September 1, 2002

TABLE OF CONTENTS

ARTICLE 1 DEFINED TERMS
ARTICLE 2  DESCRIPTION OF REAL ESTATE 
            Section 2.1  Emergency Easements 
Section 2.2  Owners’ Easements of Enjoyment
Section 2.3  Delegation of Use
ARTICLE 3 THE ASSOCIATION 

Section 3.1

Membership 
Section 3.2 General Purposes & Powers of the Association
Section 3.3 Authority of the Association
Section 3.4 Specific Powers
Section 3.5 Allocated Interests
Section 3.6 Indemnification 
ARTICLE 4 LOTS, LOT BOUNDARIES & ASSOCIATION MAINTENANCE 

Section 4.1

Identification of Lots/Lot Descriptions
Section 4.2 Lot Maintenance/Boundaries 
Section 4.3 Association Maintenance
ARTICLE 5 COVENANT FOR COMMON EXPENSE ASSESSMENTS

Section 5.1

Apportionment of Common Expenses
Section 5.2 Purpose of Assessments
ARTICLE 6 COVENANTS, RESTRICTIONS, ALIENATION, OCCUPANCY

Section 6.1 

Use/Occupancy 
Section 6.2 Approval Required 
Section 6.3 Restrictions on Vehicles, Vehicular Parking,
& Storage
Section 6.4 No Temporary Structures
Section 6.5 Compliance with Laws 
Section 6.6 Rules and Regulations
Section 6.7 Scope of Judicial Review
ARTICLE 7 INSURANCE 

Section 7.1

Insurance Carried
Section 7.2 Liability Insurance 
Section 7.3 Fidelity Insurance 
Section 7.4 Worker’s Compensation & Employer Liability Insurance 
Section 7.5 Officers’ & Directors’ Personal Liability Insurance
Section 7.6 Other Insurance 
ARTICLE 8 GENERAL PROVISIONS 

Section 8.1

Enforcement 
Section 8.2 Severability 

Section 8.3

Term of Declaration
Section 8.4 Amendment of Declaration by Owners 
Section 8.5  Interpretation
Section 8.6 Singular Includes the Plural 
Section 8.7 Captions
EXHIBIT A DESCRIPTION OF REAL ESTATE

 

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RECITALS:

            a.  Association is a nonprofit corporation organized under the laws
of the State of Colorado as evidenced by Certificate of Incorporation filed
in the office of the Secretary of State on October 11, 1963, and as subsequently
amended, whose Members are comprised of the 45 Owners of the Lots contained
within the community known as the Blue River Valley Ranch Lake Association
in Summit County, Colorado.

            b.  Association governs and operates the community, as guided by
the Bylaws and the Articles of Incorporation filed with the Secretary of
State, created by that certain document recorded at Reception Number
96185 on October 9, 1962, in the real property records of the Clerk &
Recorder, Summit County, CO, which is more particularly described as set
forth in Exhibit A attached hereto and by reference made a part hereof
(the “Declaration”).

            c.  Association has elected to accept the provisions of the Colorado Common
Interest Ownership Act, C.R.S. §§38-33.3-101 et seq, (the “Act”) as evidenced by
Statement of Election recorded in the real property records of the Clerk & Recorder,
Summit County, Colorado at Reception Number 511307, on March 20, 1996.

            d.  Association desires to exercise its rights under §38-33.3-217 of the Act to
amend and to supplement the Declaration.

            e.  By their signatures below, the undersigned officers of the Association certify
that pursuant to §38-33.3-217 of the Act, at least 67% of the Owners have approved
this Supplemental and Amended Declaration of BRVRLA.

            f.  All of the Real Estate described in Exhibit A attached hereto shall be held
or sold, and conveyed subject to the following easements, restrictions, covenants,
and conditions. This Supplemental and Amended Declaration is made for the purpose
of protecting the value and desirability of the Real Estate and this Supplemental and
Amended Declaration shall run with the Real Estate and shall be binding on all parties
having any right, title or interest in the Real Estate or any part thereof, their heirs,
legal representatives, successors, and assigns and shall inure to the benefit of each
Owner.
 
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ARTICLE 1 – DEFINED TERMS

Section 1.1   Defined Terms   Each capitalized term in this Supplemental &
Amended Declaration shall have the meaning specified or used in the Act,
unless otherwise defined in this Declaration, as set forth below:

                  a.  Act means the Colorado Common Interest Ownership Act, C.R.S.,
§38-33.3-101, et seq., as it may be amended from time to time.

                  b.  Allocated Interests means the undivided interest in the Common
Expense liability and votes in the Association allocated to each Lot. 

                  c.  Association means Blue River Valley Ranch Lakes Association, a
Colorado nonprofit corporation, which Association is an “owners’ association”
as defined in the Act at §38-33.3-301.

                  d. Common Areas means the real property within this Common Interest
Community owned by the Association, other than a Lot of an Owner, and
which real property is conveyed to the Association.

                  e. Common Expense Assessment(s) means expenditures made or
liabilities incurred by or on behalf of the Association.

                  f.  Covenants mean all promises, restrictions, reservations, conditions,
terms, easements, and rights-of-way specifically set forth in this Declaration
or referenced in this Declaration, and set forth in the Governing Documents,
as the same may be adopted and amended from time to time.

                  g.  Executive Board, Board or Board of Trustees means the body,
regardless of name, designated in this Declaration to act on behalf of
the Association.

                  h.  Family means one or more persons related by blood, marriage, or
adoption, living and cooking together as a single housekeeping unit, exclusive
of household servants, and persons not related by blood, marriage, or adoption
shall be deemed to constitute a family where they are living & cooking together
as a single housekeeping unit, and the number of people does not exceed
one person for each 300 square feet contained in the living quarters of a
dwelling unit.

                  i.  Governing Documents means collective reference to those documents
which govern the operation of the Association and the Community, including:
(a) its Amended and Restated Articles of Incorporation, (b) its Amended
and Restated Bylaws, (c) its rules & Regulations, (d) all recorded plats
affecting the Community, & (e) this Supplemental and Amended
Declaration
, as one or more of the same may be amended from time to
time. Each & every provision of the Governing Documents shall be given
the force & affect as if set forth in this Declaration.

                  j.  Lot means a physical portion of the Common Interest Community,
designated for separate ownership, shown as a Lot on the recorded plat for
the Common Interest Community, the boundaries of which are defined in the
plat.

                  k. Owner means any person or entity that owns a Lot

                  l. Real Estate means the property described in Exhibit A, together
with all easements, rights, and appurtenances thereto.

                  m. Residence means & refers to any building or portion of a building
constructed upon any Lot that contains living facilities, including provisions
for sleeping, eating, cooking, & sanitation intended for occupancy by not more
than one family and which has no more than one kitchen.

n.  Rules and Regulations means all rules, regulations, procedures &
guidelines of  the Association as the same may be adopted & amended from
time to time by the Board of Trustees pursuant to this Supplemental &
Amended Declaration. 
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ARTICLE 2 - DESCRIPTION OF REAL ESTATE

Section 2.1 Emergency Easements.  A nonexclusive easement for ingress and egress
is hereby granted to all police, sheriff, fire protection, ambulance, and other
similar emergency
agencies or persons, now or hereafter servicing the
Community, to enter upon any part of the Community in the performance of
their duties.

2.2 Owner’s Easements of Enjoyment.  Every Owner shall have a right and
easement access to their Lot and of enjoyment in and to the Common Areas
and such easement shall be appurtenant to and shall pass with the title to
every Lot, subject to the following provisions: (a) the right of the Association
to adopt and amend bylaws and rules and regulations which each Owner and
their guests shall strictly comply with; (b) the right of the Association to
suspend the voting rights of an Owner for any period during which any
assessment against their Lot remains unpaid; & for any period during infraction
of published rules and regulations; (c) the right, power and authority of
the Association to grant any easement, right-of-way, license, lease,
dedication, transfer or conveyance or grant of any similar interest affecting
the Common Areas to the extent determined by the Board of Trustees to
be in the best interests of the Community; and (d) the right of Association
to close or limit the use of the Common Areas while maintaining, repairing
and making replacements to the Common Areas.

2.3 Delegation of Use. Any Owner may delegate their right of enjoyment of
the Common Areas to the members of their family, their tenants, guests, or
contract purchasers who reside at their Lot.
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ARTICLE 3 – THE ASSOCIATION

Section 3.1 Membership.  Every person who is a record Owner of a fee interest in any
Lot that is subject to this Supplemental & Amended Declaration shall be a
member of the Association, including contract sellers.  Membership shall
be appurtenant to and may not be separated from ownership of a Lot.
Ownership of a Lot shall be the sole qualification for such membership.
Where more than one person holds interest in any Lot, all such persons
shall be members, however, there shall be only one (1) vote per Lot.

3.2 General Purposes and Powers of the Association.  The Association
through its Board of Trustees, and in accordance with the Bylaws, shall
perform functions and manage the Community as provided in this Supplemental
& Amended Declaration so as to further the interests of the residents,
occupants, tenants, and guests of the Community and members of the
Association.  All Owners shall be deemed to have assented to, ratified and
approved such designation and management.  The Association shall have all
power necessary or desirable to effectuate such purposes.

3.3  Authority of the Association.   The business affairs of the Community shall
be managed by the Association.  The Association shall be governed by
this Supplemental & Amended Declaration, the plat, its Articles of
Incorporation & Bylaws, as amended from time to time, by any rules and
regulations adopted by the Board of Trustees, and by applicable portions
of the Colorado Common Interest Ownership Act.

3.4 Specific Powers.  The Association shall have the powers, authority and duties
as  follows and as necessary and proper to manage the business and affairs of
the Community.

3.5 Allocated Interests.  The Common Expense liability and votes in the
Association shall be equally allocated to each Lot.

3.6 Indemnification.  To the full extent permitted by law, each officer, trustee
and director of the Association shall be and are hereby indemnified by the
Owners and the Association against all expenses and liabilities including
attorney’s fees, reasonably

incurred by or imposed upon them in any proceeding to which they may be a
party, or in which they may become involved, by reason of being or having
been an officer, trustee or director of the Association, or any settlements
thereof, whether or not they are an officer, trustee or director of the
Association at the time such expenses are incurred; except in such cases
wherein such officer, trustee or director is adjudged guilty by a court of law
of willful misfeasance or malfeasance in the performance of his duties
provided that in the event of a settlement the indemnification shall apply only
when the Board of Trustees approves such settlement and reimbursement as
being in the best interests of the Association. 
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ARTICLE 4LOTS, LOT BOUNDARIES & ASSOCIATION MAINTENANCE

Section 4.1 Identification of Lots/Lot Descriptions.  The identification number of
each Lot is shown on the plat.  Every contract for sale, deed, lease, Security
Interest, will or other legal instrument shall legally describe a Lot by its
identifying number and legal description      followed by the name of the
Community with reference to the plat and the Declaration as amended.
Reference to the Declaration and plat, if any, in any instrument shall be
deemed to include any supplement(s) or amendment(s) to the Declaration
and plat, without specific references thereto.

4.2  Lot Maintenance/Boundaries.  Owners are responsible for the
maintenance, repair and replacement of the improvements, landscaping
and properties located within their Lot boundaries.  As provided in the
Bylaws, Owners shall provide for all interior and exterior maintenance
of all improvements constructed on or as a part of a Lot and their
individual water tap and water line to the main water line.

4.3 Association Maintenance.  The Board of Trustees of the Association
shall determine the specifications, scope, extent, nature and parameters
of the Association’s maintenance responsibilities.The Association shall
be responsible for the improvement, maintenance, repair and replacement
of the Common Areas, including snow removal from the streets within
the community, to the extent maintenance is not provided by the County.
Additionally, the Association shall be responsible for: the improvement,
upkeep and maintenance, repair and reconstruction of the community
water source and delivery of water through the main line running down
Brook Avenue and Rainbow Drive, as provided in the Bylaws.
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ARTICLE 5COVENANT FOR COMMON EXPENSE ASSESSMENTS

Section 5.1 Apportionment of Common Expenses.  Except as provided in this
Supplemental & Amended Declaration, all Common Expense Assessments shall
be assessed against all Lots in accordance with the formula for liability for
the Common Expenses as set forth in the Bylaws.

5.2 Purpose of Assessments.  The assessments levied by the Association
through its Board of Trustees shall be used for the general and specific
purposes set forth in this Supplemental & Amended Declaration, all to the
health, safety, and welfare of the residents and guests of the Community
and the members of the Association.  Also, a portion of the assessments
may be used to provide a reserve fund for the replacement, repair, and
maintenance of the Common Areas which must be replaced or repaired on
a periodic basis. 
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ARTICLE 6COVENANTS & RESTRICTION ON USE, ALIENATION & OCCUPANCY

All Real Estate within the Community shall be held, used & enjoyed subject to the
following limitations & restrictions:

Section 6.1 Use/Occupancy.  All Real Estate within the community shall be used only
for   residential and recreational use.  The use of each Lot is restricted to
that of a single family Residence as set forth in the BRVRLA RP Plan, Exhibit C,
Board of County Commissioners of Summit County Resolution No. 89-27
adopted April 24, 1989.  The term single family Residence” means a single
housekeeping unit.  No buildings or structures shall be moved from other
locations onto a Lot without approval of the Architectural Control Committee.
No industry, business, trade or commercial activities, shall be conducted,
maintained or permitted in any part of a Lot, nor shall any Lot be used or
rented for
transient, hotel or motel purposes. Home professional pursuits
are permitted, provided however, such activity must be conducted
without regular full-time employees on the premises, daily public visits
or nonresidential storage or other similar uses
.  No improvements located
upon a Lot shall be occupied in any manner at any time prior to being fully
completed in accordance with approved plans.  The number of Lots and
appurtenant water taps in Block (1) is restricted to 45 Lots with 45
appurtenant water taps and in Block 2, one (1) single family residence with
one (1) appurtenant water tap and Recreational Area.  Fees for water usage
are as set forth in the Bylaws.

6.2  Approval Required.  Exterior improvements to the Lot must first be
approved by a majority of the Board of Trustees as set forth in this
Supplemental & Amended Declaration.  Specifically, no structure, temporary
building, trailer attachment, improvements shall be commenced, constructed,
erected, placed or installed unless first submitted to and approved in writing
by the Board of Trustees
.  No barn or other out-building shall be used or
permitted to be kept or stored on any portion of a Lot, either temporarily
or permanently, unless approved by the Board of Trustees or Architectural
Control Committee in writing.

6.3  Restrictions on Vehicles, Vehicular Parking, Storage & Repairs.

      a.  No vehicles, trailers or accessories thereto or equipment may be parked
or stored on the streets within the Community.

b.  No abandoned vehicles of any kind shall be permitted on any Lot.
A vehicle shall be considered “abandoned” if it remains non-operative for a
period of one month or fails to have current registration and license plates.

6.4 No Temporary Structures.  No trailer, mobile home, tent or other
temporary building or similar structure shall be placed upon any Lot for more
than 30 days without approval of the Board of Trustees.

6.5  Compliance with Laws.  Nothing shall be done or kept on any Lot within
the Real Estate in violation of any law, ordinance, rule, or regulation of
any governmental authority having jurisdiction.

6.6  Rules and Regulations.  In furtherance of the provisions of this Declaration,
and the general plan, rules and regulations concerning and governing the
Community or any portion thereof may be adopted, amended, or repealed,
from time to time, by the
Board of Trustees, or its successors and assigns.
The Board of Trustees may establish and enforce penalties for the infraction thereof.

6.6.1 Equal Treatment.  Rules and Regulations shall be reasonable and
uniformly applied.  Rules and Regulations shall be effective 15 days after
delivery of written notice of adoption, amendment or repeal, together with
a copy of the currently   effective Rules and Regulations.

6.7  Scope of Judicial Review.  The scope of judicial review of any action
taken by the Association pursuant to this Article 6, including but not limited
to the promulgation and enforcement of rules and regulations shall be limited
to cases of fraud, bad faith, or lack of due process. 
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ARTICLE 7-INSURANCE

Section 7.1 Insurance Carried.  The Association shall obtain and maintain, in full force
and effect, to the extent reasonably available, and at all times, with terms
and provisions set forth below, the insurance coverage set forth herein,
which insurance coverage shall be provided by financially responsible and
able companies duly authorized to do business in the State of Colorado.

7.2  Liability Insurance.  The Association shall obtain adequate comprehensive
policy of public liability and property damage liability insurance covering the
Common Areas in such limits as the Board may from time to time determine,
and in all cases covering all claims for bodily injury or property damage.

      7.3 Fidelity Insurance.  The Association shall obtain adequate fidelity coverage
or fidelity bonds to protect against dishonest acts on the parts of its
officers
, directors, trustees and employees and on the part of all others
who handle or are responsible for handling the funds of the Association,
including persons who serve the Association with or without compensation.

7.4 Worker’s Compensation & Employer’s Liability Insurance.  The 
Association should obtain worker’s compensation & employer’s liability insurance
and all other similar insurance with respect to its employees in the amounts
& forms as may now or hereafter be required by law at any time the
Association retains employees.

7.5  Officers’ & Directors’ Personal Liability Insurance.  The Association shall
obtain officers’ & directors’ personal liability insurance to protect the officers
& directors from personal liability in relation to their duties and responsibilities
in acting as officers and directors on behalf of the Association.

7.6  Other Insurance.  The Association may obtain insurance against such other
risks, of similar or dissimilar nature, including flood insurance, as it shall deem
appropriate with respect to the Association responsibilities and duties.
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ARTICLE 8- GENERAL PROVISIONS 

Section 8.1  Enforcement.  The Association or an Owner or Owners of any of the
Properties may enforce the restrictions, conditions, covenants and
reservations imposed by the provisions of this Declaration by proceedings
at law or in equity against any person or persons, either to recover damages
for such violation, including reasonable attorney’s fees incurred in enforcing
these covenants, or to restrain such violation or attempted violation.
Failure of the Association or of any Owner to enforce any covenant or
restriction herein contained shall in no event be deemed a waiver of the right
to do so thereafter.

8.2  Severability.  Each of the provisions of this Declaration shall be deemed 
independent and severable.  If any provision of this Declaration or the
application thereof to any person or circumstances is held invalid, the 
invalidity shall not affect other provisions

or applications of this Declaration which can be given effect without the
invalid provisions or applications.

8.3  Term of Declaration.  The covenants and restrictions of this Declaration
shall run with and bind the land in perpetuity.

8.4  Amendment of Declaration by Owners.  Except as other wise provided
in this Declaration, any provision, covenant, condition, restriction or
equitable servitude contained in this Declaration may be amended at any
time & from time to time upon approval of a least 67% of the votes in
the Association & with the written consent of the Association.
The amendment or repeal shall be effective upon the recordation in the
office of the Clerk & Recorder of the County, of a certificate, setting forth
the amendment in full, and certifying that the amendment has been
approved as set forth above, & containing written consent & approval
of the Association.

 8.5 Interpretation.  The provisions of this Declaration shall be liberally
construed to effectuate their purposes of creating a uniform plan for
the development of the Real Estate and of promoting and effectuating
the fundamental concepts as set forth in the recitals of this Declaration.
This Declaration shall be construed and governed under the laws of the
State of Colorado.

8.6  Singular Includes the Plural.  Unless the context otherwise requires,
the singular shall include the plural, and the plural shall include the singular,
and each gender referral shall be deemed to include the masculine, feminine
and neuter.

8.7.  Captions.  All captions and titles used in this Declaration are intended
solely for convenience of reference and shall not enlarge, limit or otherwise
affect that which is set forth in any paragraph, section or article hereof.

 

      IN WITNESS WHEREOF, the Association has caused this Declaration to be
 executed by its duly authorized agents this 12th day of June, 1996. 

            BLUE RIVER VALLEY RANCH LAKES ASSOCIATION,

            a Colorado nonprofit corporation

                                          By:  Geraldine Boller, President

                                          By:  Carolyn Fylling, Acting Secretary

EXHIBIT A

          All the Block #1, known as Blue River Valley Ranch Lakes Association and all
of Block #2, known as recreational ground, Blue River Valley Ranch Lakes
Association, County of Summit, State of Colorado, and as shown by document
recorded at Reception Number 96185 on Oct. 9, 1962 in the real property records
of the Clerk & Recorder, Summit County of Colorado.

        Subject to the term, conditions, obligations & provisions of the interest
and documents of record.
 

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