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MASTER DECLARATION

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

Class A: Class A Members shall be all Owners (with the exception of the Declarant) in such Delegate District, and each Class A Member (except a Class A Member owning a Residential Site improved or designed to be improved with residential rental apartments) shall be entitled to one vote for each Privately Owned Site owned by such Class A Member within the Delegate District. There shall be only one vote per Privately Owned Site. The Owner of a Delegate District shall be entitled to the number of votes equal to the number of Privately Owned Sites which can be created within the Delegate District as set forth in the Declaration of Annexation or in the deed from Declarant to the Owner. The votes of the Owner shall be decreased to the number of Privately Owned Sites, created within the Delegate District. When more than one person holds an interest in any Privately Owned Site, all such persons shall be Members. The vote for such Privately Owned Site shall be exercised as they among themselves determine, and the Secretary of the Master Association shall be notified of such designation prior to any meeting. In the absence of such advice, the Privately Owned Site' s vote shall be suspended in the event more than one person or entity seeks to exercise it. Any Owner of a Privately Owned Site which is leased may assign the voting right appurtenant to such Privately Owned Site to the tenant, provided that a copy of the instrument of assignment is furnished to the Secretary of the Master Association prior to any meeting.

Class B: The Declarant and/or its successors and assigns (as defined in Section 2.16) shall be the sole Class B matters in such Delegate District which is not subject to the jurisdiction of a Subassociation. Class B Members shall be entitled to three votes for each Privately Owned Site (except a Site improved or designed to be improved with residential rental apartments) existing within the Delegate District which such Class B Member owns, or which can be created within the Delegate District as set forth in the Declaration of Annexation or in the deed to Declarant and/or its successors and assigns. The number of votes of the Class B Member shall be decreased to the number of Privately Owned Sites, if any, created by that Class B Member within the Delegate District.

A Residential Site improved or designed to be improved with residential rental apartments shall, in all cases, be entitled to one vote for every five apartment units located or to be located on such Residential Site, with a full vote assigned for any extra one to four apartments in lieu of assigning any fractional voter provided, however, the votes appurtenant to the Residential Sites improved or designed to be improved with residential rental apartments in a particular Delegate District may not account for more than 49 percent of the total votes in such Delegate District unless such Residential Sites account for 80 percent or more of the votes in such Delegate District. In the event of a condominium conversion or other similar modification of rental apartments to individually owned single‑family or multi ‑family residences, each individually owned single‑family or multi‑family residence shall become a separate Privately Owned Site and shall be entitled to cast one vote for such Privately Owned Site. Notwithstanding the foregoing, if allowed by a Supplemental Declaration, any two or more adjacent Privately Owned Sites in the Expansion Property annexed by such Supplemental Declaration may be combined Into one combined Privately Owned Site and shall be entitled to only one vote for such combined Sites if, and only so long as: (a) all of such Sites are owned by the same Owner; and (b) there is only one residential dwelling unit located on such combined Sites.

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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.
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