Friday, April 28, 2017

Chalet Village HOA can collect even if wildfire consumed home; fees assessed on land

Chalet Village HOA can collect even if wildfire consumed home; fees assessed on land

"Rebuilding Chalet Village’s facilities will take every dime from property owners’ annual assessment, according to the homeowners association board members. The HOA bills drew complaints from a few people who lost cabins to the November wildfire, who asked why they should pay for unusable properties and destroyed facilities...The Chalet Village Owners Club was already on a tight budget after a $250,000 pool repair the previous year — for which it’s still fighting an insurer in court — and the wildfire did at least $200,000 more damage, which will exceed the limits of the HOA’s insurance, said board treasurer Stan Johnson. The fire also destroyed 533 cabins, including all but 43 houses in North Chalet Village. About 700 remain in South Chalet Village."

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Another example of how things work. The association had two big financial hits and nobody is going to pay for it except...the owners.  

2 comments:

robert @ colorado hoa . com said...

Dear Chalet Village Homeowner,

During a routine inspection of the community, the following violations were noticed on your property:

-- the burning down of your home represents an architectural change that was not reviewed nor approved by the Change Committee

-- the charred remains of your home do not meet the aesthetic standards set forth in the restrictive covenants

-- the lawn on your property is black; the rules require that lawns be kept green

Until these violations are corrected, you will be assessed a fine of $100 per day. Failure to pay the fine will result in your account being turned over to our collections attorneys, who are authorized to place a lien on your property and foreclose to collect that lien.

Your voluntary compliance with our demands is appreciated.

Have a nice day.

- Chalet Village Manager
on behalf of the HOA Board of Directors

IC_deLight said...

Yet another example of how HOAs do not "preserve value" - at least not for owners. The owners that lost cabins should have insurance to protect there property interests but then why the HOA? Why not vote to terminate the HOA? Problem is that although 533 had their properties destroyed, the other 743 did not and they will want the 533 to fund repair of the facilities that the 743 enjoy. So long as the controlling interest suffers no harm there is no stop loss on the harm that can be shoveled onto everyone else.