(1) The declaration must contain:
(a) The names of the common interest community and the association and a
statement that the common interest community is a condominium, cooperative, or
planned community;
(b) The name of every county in which any part of the common interest
community is situated;
(c) A legally sufficient description of the real estate included in the common
interest community;
(d) A statement of the maximum number of units that the declarant reserves
the right to create;
(e) In a condominium or planned community, a description, which may be by
plat or map, of the boundaries of each unit created by the declaration, including the
unit's identifying number; or, in a cooperative, a description, which may be by plat or
map, of each unit created by the declaration, including the unit's identifying
number, its size or number of rooms, and its location within a building if it is within a
building containing more than one unit;
(f) A description of any limited common elements, other than those specified
in section 38-33.3-202 (1)(b) and (1)(d) or shown on the map as provided in section
38-33.3-209 (2)(j) and, in a planned community, any real estate that is or must
become common elements;
(g) A description of any real estate, except real estate subject to
development rights, that may be allocated subsequently as limited common
elements, other than limited common elements specified in section 38-33.3-202
(1)(b) and (1)(d), together with a statement that they may be so allocated;
(h) A description of any development rights and other special declarant
rights reserved by the declarant, together with a description sufficient to identify
the real estate to which each of those rights applies and the time limit within which
each of those rights must be exercised;
(i) If any development right may be exercised with respect to different
parcels of real estate at different times, a statement to that effect together with:
(I) Either a statement fixing the boundaries of those portions and regulating
the order in which those portions may be subjected to the exercise of each
development right or a statement that no assurances are made in those regards;
and
(II) A statement as to whether, if any development right is exercised in any
portion of the real estate subject to that development right, that development right
must be exercised in all or in any other portion of the remainder of that real estate;
(j) Any other conditions or limitations under which the rights described in
paragraph (h) of this subsection (1) may be exercised or will lapse;
(k) An allocation to each unit of the allocated interests in the manner
described in section 38-33.3-207;
(l) Any restrictions on the use, occupancy, and alienation of the units and on
the amount for which a unit may be sold or on the amount that may be received by a
unit owner on sale, condemnation, or casualty loss to the unit or to the common
interest community or on termination of the common interest community;
(m) The recording data for recorded easements and licenses appurtenant to,
or included in, the common interest community or to which any portion of the
common interest community is or may become subject by virtue of a reservation in
the declaration;
(n) All matters required by sections 38-33.3-201, 38-33.3-206 to 38-33.3-209, 38-33.3-215, 38-33.3-216, and 38-33.3-303 (4);
(o) Reasonable provisions concerning the manner in which notice of matters
affecting the common interest community may be given to unit owners by the
association or other unit owners;
(p) A statement, if applicable, that the planned community is a large planned
community and is exercising certain exemptions from the Colorado Common
Interest Ownership Act as such a large planned community;
(q) In a large planned community:
(I) A general description of every common element that the declarant is
legally obligated to construct within the large planned community together with
the approximate date by which each such common element is to be completed. The
declarant shall be required to complete each such common element within a
reasonable time after the date specified in the declaration, unless the declarant,
due to an act of God, is unable to do so. The declarant shall not be legally obligated
with respect to any common element not identified in the declaration.
(II) A general description of the type of any common element that the
declarant anticipates may be constructed by, maintained by, or operated by the
association. The association shall not assess members for the construction,
maintenance, or operation of any common element that is not described pursuant to
this subparagraph (II) unless such assessment is approved by the vote of a majority
of the votes entitled to be cast in person or by proxy, other than by declarant, at a
meeting duly convened as required by law.
(2) The declaration may contain any other matters the declarant considers
appropriate.
(3) The plats and maps described in section 38-33.3-209 may contain
certain information required to be included in the declaration by this section.
(4) A declarant may amend the declaration, a plat, or a map to correct
clerical, typographical, or technical errors.
(5) A declarant may amend the declaration to comply with the requirements,
standards, or guidelines of recognized secondary mortgage markets, the
department of housing and urban development, the federal housing administration,
the veterans administration, the federal home loan mortgage corporation, the
government national mortgage association, or the federal national mortgage
association.