We've compiled a list of some Frequently Asked Questions below. If you can't find the question/answer you are looking for on this page, select Search - we'll search the entire site for you. If you'd like to ask your own question, click Ask TMVOA and we'll get back to you with an answer.

 

 

A. TMVOA is a non-profit corporation registered with the State and managed by a duly elected Board of Directors. Its purpose is to preserve and promote property values, sustainability and a vital resort community for all members with the provision of the legal documents: General Declarations, Bylaws, and Articles of Incorporation. Pleases see the Governing Documents menu of the site to view important documents.

 

 

Q. Does TMVOA have any Covenants, Conditions and Restrictions (CC&R’s)?

A. TMVOA does not have any Covenants, Conditions and Restrictions (CC&R's). Such regulations in Mountain Village are developed and enforced by the Town of Mountain Village. The Town of Mountain Village is governed by Town Council, who appoints a Design Review Board for all design approval matters. More information can be found on the Town’s website.

 

 

 

Q. What are the Bylaws?

A. The Bylaws are the guidelines for the operation of the non-profit corporation. The Bylaws define the duties of the various offices of the Board of Directors, the terms of the Directors, the membership's voting rights, required meetings and notices of meetings, and the principal office of the Association, as well as other specific items that are necessary to run the Association as a business. The Bylaws for the association may be viewed online within the Governing Documents page of this site.

 

 

 

Q. What is the Board of Directors?

A. TMVOA is a corporation and therefore a governing body that is required to oversee its business. The Board of Directors is elected by the members as specified in the Bylaws. The limitation and restrictions of the powers of the Board of Directors is outlined in the Association governing documents found within the Governing Documents page of this site.

 

 

 

Q. If I am having a problem with a neighbor for a violation of the Policies and Guidelines, what can I do?

A. If residents cannot resolve a situation between themselves, then the Town of Mountain Village, would be the next resource since the municipality has all enforcement authority in our community for design, zoning and safety. If you still have concerns, then turn to your Association and we will assist if possible.

 

 

 

Q. Are Board Meetings open to all owners? If so, where and when are they held?

A. Yes. Notice of the time and place of any regular board meeting will be noted in the community newsletter, monthly e-mails or accessed online on the Calendar page.

 

 

 

 

Q. How does TMVOA voting work?

A. TMVOA has 4 classes of voting: Residential, Hotel, Commercial and the Mountain Special Member class. For more information on voting, click here. For residential and hotel, each owner receives one vote per unit owned. Commercial votes are calculated based upon square footage owned.

 

 

 

 

Q. When is the Annual Election?

A.The annual HOA meeting and election of officials takes place in late December / early January in Mountain Village. You will receive an invitation in the mail so please make sure your mailing information is up to date with TMVOA. You can do this by calling (970) 728-1904 or e-mailing us at .

 

 

 

 

Q. Do I have to pay the Real Estate Transfer Assessment (RETA)?

A. When you buy or sell any real estate in Mountain Village, you, or your title company, needs to complete the RETA Information Worksheet which needs to be submitted, along with payment, and a copy of the deed after your property sale has closed.  Certain real estate transactions are exempt from RETA, including any deed restricted property. If you think your transaction may be exempt, please contact us at to confirm, and then complete the RETA Exemption Application.

 

 

 

 

 

Q. If I want to serve on the TMVOA Board, how can I get involved?

A. TMVOA’s annual elections are held in December or January each year. We will publish a call for candidates each year in November to notify the membership of the available seats.

 

 

 

 

 

Q. What is my assessment?

A. The assessment is the quarterly amount due from each owner to cover the operating expenses of TMVOA, which primarily include the operation and maintenance of the gondola, event sponsorship, grant awards, guest services and administration. The assessments are first pledged to the Town of Mountain Village’s Housing Authority Village Court Apartments bonds. Each month, TMVOA must deposit all assessment receipts into a trustee account until the Town remits its debt service obligations for VCA each December, at which time the assessments are released back to TMVAO fully unrestricted.  Assessments are due on the 30th of the month following each quarterly billing, and owners are given a 10% discount if they choose to prepay the entire annual amount of dues by the end of February each year.

 

 

 

 

Q. How is the amount of my assessment determined?

A. Owners assessments are calculated based upon the type of unit owned. For example, single family home assessments are $480 per year; while deed restricted units are $240 per year. A complete schedule of the dues calculation can be found in the Governing Documents section of the website.

 

 

 

 

Q. Will my assessment go up?

A. There is no concrete answer to this.  The Board of Directors may approve an increased budget, increasing your assessment in order to cover increased costs of operating and maintaining the common area and sufficient reserve funds.  The Board would consider such matters during their published meetings, so be sure to make sure TMVOA has your contact information to e-mail you agendas and meeting notices by e-mailing us at .  

 

 

 

 

Q. What happens if I don't pay my assessment?

A. Late payments will result in a late charge as assessments are due on the first of the month.