C150236 feas study

• Contract/PO #: C150236
• Contractor Name: Lazy O Ranch Homeowners' Association
• Contract Type: Loan
• Water District: 38
• County: Pitkin
• Loan Projects - Doc Type: Feasibility Study

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Ranch; and, to arrange for or provide any additional
services or utilities necessary or desirable to promote and
advance the general welfare of the residents o= the Lazy p
Ranch:
4. To hold title to any lands or an� interest ir.
lands, including but not limited to, common areas, parks and
lands of a similar nature, private roads, utility easements
and other easements ar.d rights of way of a sinilar or
dissimilar nature, and water rights o� any kind or nature,
and to improve, beautify and maintain such lar.ds and anv
sucn interest in lar.ds. -
5. To borrow monies, levy assessments, collect
assessments and to encumber, lease, purchase, se11, convey
and deal with lar.ds, interests in lands, water rights,
structures and improvements.
6. To establish, maintain and enforce all
r.ecessary and reasonable rules and regulations concerning
the use or all lands �and interest in lands held by the
corporation. _
7. To do everything necessary,
• or convenient for the �ccomplishment
nereinabove set forth and to do all other
thereto or connected therewith whicn are
tne Colorado Non-profit Corpora�ion Act,
or by these Articles of Incorporation.
•
proper, advisable
oi the purposes
th�ngs incidental
not forbidden by
by any other 1aw,
8. The corporation shall make no distribution of
its income to members, directors or officers.
B. Powers. The corporation shall have all of the
ocwers authorized or permitted to a nor,-profit corporation
under the Colorado ?� Corporation Act r.ow in force
or hereir.after in effect, including, without limitation, the
following:
1. To exercise all powers as may be properly
assigned to the corporation under the Protective Covenants;
to approve, or disapprove the design, siting and location of
all improvements included within the area known as the Lazy
O Ranch, Pitkin County, Colorado, for con�ormity and harmony
with any properly adopted plan or plans of development or
covenants restricting the use o� said lands; and to en`orce
any and all covenants, limitations or restrictions governing
the use and occupancy of said lands and the construction and
alteYation of �structures and improvements�upori any part or
said lands, in accordance with the provisions of the
Protective Covenants for the Lazy O Ranch.
2. To charge, assess and collect such fees er
sums as may be set by the Board �f Directors for the
Lazy O Art. Inc. 4/13/87
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