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MASTER DECLARATION

OF COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS FOR CASTLE PINES NORTH

11.10.2. The consent of at least 67 percent of the Class A votes and of the Declarant so long as it owns any Privately Owned Sites or Delegate District subject to the Declaration and the approval of at least 51 percent of the eligible holders of mortgages on Privately Owned Sites and Units subject to eligible holder mortgages shall be required to add to or amend any material provisions of the Castle Pines North Documents which establish, provide for, govern, or regulate any of the following (an addition or amendment shall not be deemed material if it is for the purpose of correcting technical errors or for clarification):

(a) Voting;

(b) Assessments, assessment liens, or subordination of such liens;

(c) Reserves for maintenance, repair, and replacement of the Common Area;

(d) Insurance or fidelity bonds;

(e) Rights to use of the Common Area;

(f) Responsibility for maintenance and repair of the Master Association Properties;

(g) Expansion or contraction of the Master Association Properties or the addition, annexation, or withdrawal of property to or from Castle Pines North;

(h) Boundaries of any Privately Owned Site;

(i) Convertibility of Privately Owned Sites into Common Areas or Common Area into Privately Owned Sites;

(j) Leasing of Privately Owned Sites;

(k) Imposition of any right of first refusal or similar restriction of the right of any Owner to sell, transfer, or otherwise convey a Privately Owned Site; or

(l) Any provisions which are for the express benefit of Mortgagees or eligible of Mortgages.

Section 11.11. FHLMC Approval Requirements. Unless at least 67 percent of the First Mortgagees (based on one vote for each First Mortgage owned) and Owners (other than Declarant) holding at least 67 percent of the votes on the Master Association have given their prior written approval, the Master Association shall not be entitled to:

11.11.1. By act or omission seek to abandon, partition, subdivide, encumber, sell, or transfer all or part of the Common Area (the granting of easements for public utilities or for other public purposes consistent with the intended use of such Common Area shall not be deemed a transfer within the meaning of this clause);

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Master Declaration

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Castle Pines North Master Association

Telephone and fax:      303-482-3078
Email:                         admin@cpnhoa.org
Website:                     www.cpnhoa.org

Mailing Address:          CPN Master Association
                                  7402 Yorkshire Drive
                                  Castle Rock, CO 80108

NOTE:  The Master Association does NOT have an office location or an outside management company.  We have an independent team of part-time contractors. All inquiries to the Master Association are responded to as soon as possible.
  The CPN website is developed and maintained by the CPN Master Association. 

The Master Association provides neighborhood HOAs with free, customized web pages, complete with detailed information exclusive to each HOA. 

To submit updates or comments, please contact the CPN Webmaster

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