Silver Spurs Ranch
Property Owners Association
P.O. Box 293
Walsenburg, CO 81089
A Covenant Restricted Community
Dear Realtor:
The board of directors for the Silver Spurs Ranch Property Owners Association would
like to thank you for your efforts in representing many of our members as they try to re-
sell their property. As we all know, these properties are being re-sold because either the
owner's priorities have changed; a crisis may have occurred in their family (divorce,
illness, death or etc.); or they originally bought for an investment and now realize that the
values have increased considerably.
In an effort to avoid any confusion, the board would like to emphasize the following
facts:
1.
We have a very active board consisting of 5 members. Our terms are
staggered on a 3-2-1 year rotation so that experienced board members will
always be on the board.
2.
Every lot owner automatically becomes a member of the P. O. A. Presently,
dues are $295 per year per lot due on January 1st. There is a $50 late fee if
paid after March 15
th
. Dues are pro-rated for any new member if the seller
desires a partial refund.
3.
There is a one-time electric extension assessment of $2700 per lot. All of
these have been paid. Any property sub-divided is subject to this fee in full.
Minimum lot size is 35 acres.
NOTE: THIS IS A "TAP FEE" ONLY. IT DOES NOT PUT POWER AT
THE BUILDING SITE.
4.
We are a "covenant restricted community". We do not allow mobile homes.
We assume that all agents are aware of the fact that the state of Colorado does
not recognize the term "Modular Home". They only define and inspect two
types of "Manufactured Homes".
A.
"HUD" homes or "red-tagged," the conventional mobile home with a
metal frame.
B.
"UBC" or "IBC" homes or "silver-tagged" units built on wooden
frames. These do not have metal frames.
Our covenants are very clear on this point.
5.
Our board serves as our Architectural Review Committee. All buildings and
dwellings must have plans submitted and approved before obtaining county
permits. Guidelines are available on the website.
6.
We also have setbacks, utility easements and covenants about land use,
animals, etc.
7. We do not allow commercial activity on the ranch. We do have criteria
defining commercial activity, thus allowing approval for some home based
businesses.
The POA does maintain a cattle lease on the entire ranch development. This is the reason
that our property is classified as agricultural, thus the very low property tax. If the new
owner elects to fence their property, which is their prerogative, their lot could be
excluded from the grazing lease and may be re-classified, by the county tax assessor, as
urban residential, thus greatly increasing their taxes.
Mineral rights are a concern for everybody because of the methane gas drilling in the
surrounding areas. The board has done a lot of research and to the best of our knowledge,
Jerry Dunn, our land developer, did own the mineral rights and did convey all that he
owned to the buyers. We know for a fact that in Colorado, all mineral rights sell with the
property unless so excluded on your title or deed. Every title or deed should be examined
closely. Several property owners have paid for an official mineral title search and they do
own their mineral rights. We encourage everyone to thoroughly research their property's
mineral rights.
It is our understanding that the Colorado Board of Realtors has certain rules or
requirements for any agent or agencies representing a property for sale. At some point in
time, you are supposed to present certain documents from any P. O. A. involved with
these properties. For your convenience -------- the following has been made available for
downloading and/or printing from our website.
www.silverspurspoa.com
1.
By-laws for Silver Spurs Ranch Property Owners Association.
2.
Declaration of Protective Covenants.
3.
Financial information presented at our previous annual membership meeting.
4.
Minutes presented at our previous annual membership meeting held the 3
rd
Saturday in July every year.
5.
A current issue of our newsletter with information published quarterly.
6.
A ranch map.
7.
Notes on property lines, easements and rights of way.
As a courtesy to us, please furnish us with mailing addresses on any new owner.
Thanks,
Secretary, P. O. A.
Silver Spurs Ranch
P. S.
Please check with us about any assessments that are not paid in full and/or any
liens that may have been filed. Our treasurer can give you an up to date total.