Sunlight Marketing Packet

Page 1


LOCATION SUNLIGHT

SITE PLAN SUNLIGHT

FINAL DEVELOPMENT PHASE BY JSM

JSM HOMES COMPLETED

JSM HOMES UNDER CONSTRUCTION

SOLD – NON JSM

INDIANTRAILS

PRICING & AVAILABILITY SUNLIGHT

PLANS

$2,750,000 # S1048144

LOT 90 FLOORPLAN

LOT 90 FLOORPLAN

LOT 83 FLOORPLAN

LOT 83 FLOORPLAN

FINISH INSPIRATIONS

FINISHES

FINISHES

FINISHES

BASE FINISHES

Arctic White
Tawny
Cognac
Platinum White
Brown Black Nickel
Midnight
Driftwood Flagstone
Coffee
Door Style – Pierce
Carrara Marmi
Fossil Gray
Mystic Gray Fossil Taupe
Eternal Calcatta Gold

BASE FINISHES

Chivalry
Haven
Misty Morn Summer Mist Shadow Pearl
Castle Fortress Citadel Tower Manor

LIGHTING PACKAGE

EXTERIOR SCONCE

Wall Mount, LED, Black 5"x 18"

KITCHEN ISLAND

FIL, Black & Mercury Glass 9.75"x 17"

POWDER ROOM PENDANT

FIL, Polished Nickel 12.5"x 21.75"

GARAGE LIGHT

Wall Mount, LED, Charcoal 10"x 10"

STAIRWELL

SCONCE

Satin Brass or Matte Black 19.5"x 5"

• x2 • Pendant

• 9.75”w x 17”h

• Black Finish • Mercury Glass • FIL

MUD ROOM LIGHT LED, Black Satin Nickel 15"x 4.5"

DINING CHANDELIER

Black Satin & Nickel Accents 26"x 26"

• (6) CAND KITCHEN ISLAND

GUEST BATH

LED, Wall mount, Chrome 30"x 4.75"

• 26”w x26”h

• Satin Black Finish w/ Brushed Nickel Accents

MASTER CLOSET

MASTER VANITY Polished Nickel 27"x 10.13"

LED, Wall mount, Chrome 11"x 0.75"

PLUMBING FIXTURES

Kohler K-5285-NA

Strive 32" Single Basin Undermount 16-Gauge Stainless Steel Kitchen Sink with SilentShield Qty: 1

KITCHEN SINK

Kohler 32" Single basin, 16-gauge stainless, undermount sink

Kohler K-14441-CP

Purist 8-7/8" Wall Mounted Towel Ring

Qty: 1

BATHROOM TOILET

Kohler K-5285-NA

InSinkErator PRO 750 Evolution 3/4 HP Continuous Feed Food Waste Disposal Qty: 1

Kohler K-2882-0

KITCHEN FAUCET

Moen Align single hole pull down with power boost

Verticyl 19-13/16" Rectangular Undermount Bathroom Sink with Vertical Sides and Overflow Qty: 2

Kohler Santa Rosa Comfort height, quiet close

InSinkErator STS-00 Air Switch for Sink or Counter Top with Dual Outlet Includes Chrome & White Button Qty: 1

Strive 32" Single Basin Undermount 16-Gauge Stainless Steel Kitchen Sink with SilentShield Qty: 1

Kohler K-3810-0

BATHROOM FAUCET

Kohler widespread faucet with pop up drain

Kohler K-14406-4-CP

Purist 1.2 GPM Widespread Bathroom Faucet with Pop-Up Drain Assembly Qty: 2

BATHROOM SHOWERHEAD

Kohler multi-function with air-induction spray

Kohler K-14406-4-CP

Purist 1.2 GPM Widespread Bathroom Faucet with Pop-Up Drain Assembly Qty: 2

InSinkErator PRO 750 Evolution 3/4 HP Continuous Feed Food Waste Disposal Qty: 1

Kohler K-22170-G-CP

BATHROOM FIXTURES

Purist 1.75 GPM Multi Function Shower Head with MasterClean and Katalyst Air-Induction Spray Technology Qty: 1

BATHROOM SHOWER

Kohler Shower with Rite-temp technology

Kohler K-TLS14422-4-CP

Kohler purist wall mount holder & Kohler purist towel ring

Purist Shower Only Trim Package with Rite-Temp Technology Qty: 1

Santa Rosa 1.28 GPF One-Piece Elongated Comfort Height Toilet with AquaPiston Technology - Includes Brevia Quiet-Close GripQty: 1 powder

POWDER ROOM FAUCET

Kohler single hole faucet with pop up drain

Kohler K-22170-G-CP

Kohler K-14444-CP Purist W oilet Paper Holder Qty: 1

Kohler K-14441-CP

Purist 1.75 GPM Multi Function Shower Head with MasterClean and Katalyst Air-Induction Spray Technology Qty: 1

Kohler K-TLS14422-4-CP

POWDER ROOM VESEL Medeski 23" Vitreous Pedistal single hole sink

Purist 8-7/8" Wall Mounted Towel Ring

Purist Shower Only T

Qty: 1

InSinkErator STS-00 Air Switch for Sink or Counter Top with Dual Outlet Includes Chrome & White Button Qty: 1

29th, 2

BATHROOM TOWEL BAR 30" Kohler Purist Towel Bar

Signature Hardware 413578

Medeski 23" Vitreous China Pedestal Bathroom Sink with Single Faucet Hole and Overflow

Qty: 1

UPGRADE OPTIONS

White
Dovetail Mocha
Graphite
Door Style – Flat Panel
Tawny
Cognac Midnight Driftwood Flagstone Peppercorn
Door Style – Pierce Door Style – Flat Panel
Gunsmoke
Hale Navy

UPGRADE OPTIONS

Chalk Board
Emerson Wood Butter Pecan 8" x 48" Steel Forge 12" x 23.5"
Linen Texture Sunrise 12" x 24"
Barn Wood Merlot 12" x 48"
Hexagon Texture Taupe 10" x 8.5"
Stone Texture Spritzer 12" x 24"

UPGRADE OPTIONS

SMART THERMOSTATS

Ecobee Thermostat – ecobee.com

CEILING FANS

WATER DISPENSER/FILTER

• 60” Fan

60" Fan 3-blade (48" for smaller rooms)

Hot/Cold InSinkErator

• (48” available for smaller rooms)

• With Black or Weathered Wood Blades

• Light kit optional Black

Weathered Wood

ARTICULATING MIRRORS

BEDROOMS/ LIVING RM/ FAMILY RM FAN OPTIONAL

Primary bathroom

FREESTANDING FIREPLACE

Matte black

STEEL MANTEL

Over fireplace

• 60” Fan

• (48” available for smaller rooms)

• With Black or Weathered Wood Blades

• Light kit optional

BEDROOMS/ LIVING RM/ FAMILY RM FAN OPTIONAL

42" FIREPLACE AND CONCRETE SURROUND

UPGRADE OPTIONS

TIMBER BEAMS

Timber stain options – Natural, Ginger, Coffee, Kona, White

Natural Ginger Coffee Kona White

SHIPLAP ACCENT WALL

Natural, Ginger, Coffee, Kona or White

RECLAIMED WOOD ACCENT WALL

Custom options available

WIRING OPTIONS

Electronic shades, speaker wiring, wireless security

LIGHTING DIMMERS

For any lightswitch

INTERIOR STEP LIGHTING

Along the staircase

BLACK WINDOWS

Metal clad exterior, Black wood interior

TnG CEILING

Natural, Ginger, Coffee, Kona or White

AIR CONDITIONING

Ceiling or Wall Mount Mini Split

UTILITY SINK

Garage utility sink with hot and cold water

RADIANT GARAGE HEAT

In-floor garage heat

CAR CHARGER OUTLET

240V outlet in garage

GAS STUB ON DECK

Connection for a gas grill/firepit

HOT TUB DISCONNECT

220V for power & 50 amp breaker for shut off

APPLIANCES

BASE APPLIANCES

UPGRADE APPLIANCES

UPGRADE APPLIANCES

KITCHENAID FRENCH DOOR REFRIGERATOR

36" wide, counter-depth, 22 cu ft with ExtendFresh & internal water dispenser

KITCHENAID BUILT-IN DISHWASHER 24" wide, 14 place setting, Energry Star with stainless steel tub

KITCHENAID HOOD

30"

WASHER/DRYER OPTION

GE ELECTRIC SMART DRYER

28”, 7.8 cu ft Energy Star, electric dryer, PowerSteam, WiFi

GE FRONT LOAD SMART WASHER

28", 5 cu ft Energy Star, Smart Dispense, WiFi

UPGRADE APPLIANCE PACKAGE

5.1 Cu. Ft. Free Standing Gas Range with ThreeConvertible Grates

JENNAIR REFRIGERATOR

36" wide, counter depth, Energy Star, smart, with ice maker

KITCHENAID MICROWAVE

24" wide, 1200 CFM, 2.2 cu ft 1200 watt countertop microwave in pantry

$4,949.10 KitchenAid KDTM704KPS 24 Inch Wide 16 Place Setting Integrated Dishwasher with

KITCHENAID GAS RANGE

36" wide, free standing range, 5.1 cu ft with three-level convertible grates

36" wide, 400 CFM, wall-mount range hood with built-in blower & push button contols fully integrated with PrintShield finish

OTHER INFORMATION

Q&A FOR BUYER’S AGENT

REGARDING OFFERS FOR A SUNLIGHT HOME

Dates for the Colorado Residential Contract in CTM eContracts – please put in actual dates

MEC + 5 BUSINESS DAYS

• Earnest Money

• Record Title Deadline

• Off-Record Title Deadline

• Association Document Deadline

• Loan Application Deadline

• Inspection Deadline

• Due Diligence Documents

Delivery Deadline

MEC + 8 BUSINESS DAYS

• Record Title Objection Deadline

• Off-Record Title Objection Deadline

• Association Doc Objection Deadline

• Inspection Obj/Termination Deadline

• Due Diligence Documents

Objection Deadline

APPRAISAL OBJECTION/RESOLUTION

MEC + 12 BUSINESS DAYS

• Record Title Resolution Deadline

• Inspection Resolution Deadline

• Property Insurance Termination Deadline

• Due Diligence Documents

Resolution Deadline

15–17 Business Days Prior to Closing Date – Visit with your Lender regarding Appraisal Deadline –have them call us with any concerns or questions.

LOAN COMMITMENT

7–11 Business Days Prior to Closing Date.

10.6.1.2 OTHER DOCUMENTS/INFORMATION

All building plans, warranties, manuals, instructional brochures or similar materials relating to the Property or Inclusions, or their use, operation or maintenance will be left in the Property at Closing.

13. TRANSFER OF TITLE

Special Warranty Deed.

16.1 TAXES

Check [X] OTHER—“The appropriate tax proration will be determined with the assistance of the Routt County Assessors Office at the time of closing to correctly estimate the property taxes for 2023.”

30. ADDITIONAL PROVISIONS

New ILC – The original ILC – (Improvement Location Certificate) without Improvements will be delivered to Buyer on or before Off Record Title Deadline. An updated ILC with Improvements will be provided on or before Closing.

10.1 SELLER’S PROPERTY DISCLOSURE, 10.1 – Seller will not provide a Seller’s Property Disclosure. Seller will provide a Square Footage Disclosure and Source of Water Addendum on or before Closing.

Buyer and Seller agree that the Closing Date in this contract is an estimated Closing date –Actual Closing will take place as per the attached Builder’s Addendum A.

Buyer’s are purchasing a completed Spec home – TCO (TempCertOccup) will be provided before Closing.

31. OTHER DOCUMENTS A PART OF THIS CONTRACT – Builder’s Addendum A

31.2 DOCS PROVIDED BUT NOT A PART – JSM Limited Warranty

Q&A FOR BUYER’S AGENT

REGARDING OFFERS FOR A SUNLIGHT HOME

PRE-QUAL LETTER is required before the Seller will sign the contract.

BUILDERS ADDENDUM A must be signed by Buyer(s) and attached to and a part of the purchase contract - Section 31.1.

EM — 10% OF THE PURCHASE PRICE (not including upgrades). EM becomes non-refundable upon Inspection Resolution unless Buyer terminates contract in writing prior to Inspection Resolution Deadline.

FINISHES SELECTION FORM will need to be completed on or before 10 business days from Inspection Resolution. Payment to the Seller for any and all upgrades shall be due on or before 15 business days after Inspection Resolution. No other changes/additions will be made to the selections form. Note: Availability of selections shall be dependent upon the date of the contract and the schedule of the construction. Selections may have been completed by the Seller due to ordering schedules.

TITLE COMPANY Title Company: Land Title – Kendra Thomas, Closer.

HOA FEES $150 per year.

HOA CONTACT – Bryan at the Commercial Property Group 970.879.1402

INSPECTION Buyer’s may have an Inspection completed prior to Closing for information only. Any findings can be submitted and discussed with the Builder during the walkthrough.

LIMITED WARRANTY Buyer and Builder will execute a Limited Warranty with each home at Closing.

COMMISSIONS Commissions will be calculated on the base purchase price – will not include upgrades.

LANDSCAPE DEPOSIT Buyer will pay at closing a $500.00 landscape completion deposit which shall be held by the HOA and refunded to the Buyer upon landscaping completion.

GENERAL INFO

WALL TEXTURE – Light skip trowel.

PAINT COLOR FOR INTERIOR – West Highland White SW 7566.

EXTERIOR SIDING – Diamond Kote siding, corrugated metal. Varies on each home.

SOLID CORE DOORS – (MDF) so they won’t warp.

BASEBOARDS, TRIM & CAP – To the pony wall. Trim is 1x6 baseboard, 1x4 door casing, 5/4”x 6” sills, all painted same as walls.

HARDWARE FOR DOORS – Matte black contemporary.

CABINET PULLS – 4 color options (black, brushed satin nickel, chrome, or brass), style will be the same for all houses.

MASTER BATHROOM SHOWER(S) – Will have a glass door(s). Tubs do not.

SHELVING IN PANTRY – Melamine white, adjustable.

ELECTRIC OUTLETS – Per code, including pantry and powder room.

GARAGE FINISHES – Drywall, tape and mud with primer coat, colored paint. Garage doors will have windows. Radiant floor heat upgrade option

BOILER – Triangle Tube Instinct combi boiler system - triangletube.com/products/instinct-combi

RADON PIPE – Builder will provide a roughed-in radon system. Buyer may add mechanical venting system as desired after close at Buyer’s expense.

LANDSCAPING – Subdivision required landscaping (minimum two trees and three shrubs) will be included in the purchase price with an irrigation system installed just on the street fronting sides.

PORCHES/DECKS – Trex decking, stain timbers

HEAT – Radiant (zoned). Base price thermostats are Honeywell. Upgrade option available for “smart” thermostats.

CABLE/INTERNET – Comcast, Century Link (Fiber Optic), Zirkel Wireless. Dish also available.

TRASH SERVICE – Twin Enviro – 970-879-6985. Waste Management – 970-879-2400

PLOWING – Snow will be plowed in alley and on sidewalks by responsibility of the HOA/Metro District. Street plowing will be covered by the City of Steamboat Springs.

MAIL – Cluster box is located near Lot 22. Visit post office for keys.

WATER – CITY OF STEAMBOAT SPRINGS – 137 10th Street – steamboatsprings.net – 970-879-2060

BUILDERS ADDENDUM

Builder’s Addendum A

Sunlight Contract Additional Provisions:

1. EARNEST MONEY – Earnest money will be held in escrow until the completion of the home or at termination of the contract, whichever comes first. Earnest money is nonrefundable upon inspection resolution.

2. PERSONALIZTION – Buyer acknowledges that once the Finishes Selection Form has been signed, no other personalization’s or changes may be made. Buyer also acknowledges that the cost of any upgrades will be prepaid directly to Seller and are immediately non-refundable and are due upon completion of Finishes Selection Form. Buyer will have 10 (ten) business days from the Inspection Resolution to complete and sign the Finishes Selection Form or it will be the right of the Seller to choose the finishes. Broker commissions will be calculated on the base purchase price of the homes and will not include the cost of the upgrades. No personalization’s or upgrades will be allowed outside of the options shown on the Finishes Selection Form.

3. COMPLETION OF NEW HOME. The completion date is an estimated target date only. Any completion date contained in this agreement or communicated to the Purchaser by Seller or Agent is the best estimate of when the new home will be completed and in no way is meant as a guarantee. Buyer is strongly advised to have contingent plans for housing if the estimated completion date is not met. SELLER IS NOT RESPONSIBLE for the expiration of Purchaser’s loan commitment, penalties, loan fees or other fees or losses due to the estimated completion date not being met. PURCHASER IS ADVISED TO ENSURE THAT THEIR LENDER AND ANY OTHER INTERESTED PARTY IS MADE AWARE OF THIS AGREEMENT.

4. COMPLETION DEFINED. Completion is defined as when construction is substantially complete and a CERTIFICATE OF OCCUPANCY or a TEMPORARY CERTIFICATE OF OCCUPANCY is issued.

5. LOCATION OF HOME. SELLER HAS SOLE DISCRETION TO DETERMINE THE EXACT LOCATION OF HOME ON THE PROPERTY BEING PURCHASED.

6. GRADE, DRAINAGE, AND SOILS – Buyer acknowledges that the builder/developer will construct the foundation, slab, drainage and grading per the recommendation of the soils engineer and that a copy of the engineering report has been provided to the Buyer.

7. SUBSTITUTION. Seller reserves the right to substitute items of comparable quality without prior notice to Purchaser. All items are subject to reasonable availability.

8. NO VERBAL REPRESENTATIONS. It is natural during the course of the transaction for the Purchaser to have questions regarding their new home. In order for the Purchaser to receive responsible and authoritative answers to their questions, the questions shall be presented to Seller who will respond in writing. Purchaser understands and agrees that sales agents, field superintendents and sub-contractors are not authorized to make such representations, or representation that shall modify the Agreement as written, and that the full understanding shall be limited to the Agreement as written together with any clarifications made by Seller in writing.

9. PURCHASER’S ACCESS DURING CONSTRUCTION. Purchaser acknowledges that the property being purchased pursuant to the Agreement is and shall continue to belong to the Seller until closing. Purchaser agrees that they shall not enter onto the property during construction 1) without written approval from Seller, and 2) unless accompanied by Seller’s representative or agent. Purchaser further acknowledges notice that only Seller, Seller’s employees and authorized sub-contractors are authorized to enter and do work on the property, and Purchaser

BUILDERS ADDENDUM

is expressly denied permission to do any work on the property prior to closing for any reason whatsoever, without the prior written agreement and consent of Seller. Furthermore, keys to the house or possession of the property shall/will not be released or transferred to the Purchaser until the closing/recording date of this purchase/sale transaction.

is expressly denied permission to do any work on the property prior to closing for any reason whatsoever, without the prior written agreement and consent of Seller. Furthermore, keys to the house or possession of the property shall/will not be released or transferred to the Purchaser until the closing/recording date of this purchase/sale transaction.

10. PLAN VARIATIONS. No two homes are built exactly alike. It is not uncommon to have minor differences in the dimensions or style of concrete, landscaping, framing, plumbing, mechanical, electrical, cabinets, etc. All homes are built with the same quality materials, but the above‐mentioned items can and do vary from home to home. These variations are not considered defects and will not be changed.

10. PLAN VARIATIONS. No two homes are built exactly alike. It is not uncommon to have minor differences in the dimensions or style of concrete, landscaping, framing, plumbing, mechanical, electrical, cabinets, etc. All homes are built with the same quality materials, but the above‐mentioned items can and do vary from home to home. These variations are not considered defects and will not be changed.

11. NEW HOME ORIENTATION. The Seller will schedule a New Home Orientation for the Buyer prior to closing. New Home Orientations will be conducted Monday – Friday between the hours of 9:00 AM and 4:00 PM. Only the Buyer(s), Seller, builder, and developer are to be present. Seller and Buyer agree that any item(s) requiring additional attention, as noted at the new home orientation, will be completed as soon as reasonably possible; but in any event will not delay the closing process. Minor defects or deficiencies shall not justify the Buyer’s refusal to close this transaction, at full price, within the time provided. Buyer acknowledges that it may take up to 90 days for completion of any punch list items and that after closing it is Buyer’s sole responsibility to provide access to the home and property during Seller’s normal working hours to ensure prompt correction of any deficiencies after closing.

11. NEW HOME ORIENTATION. The Seller will schedule a New Home Orientation for the Buyer prior to closing. New Home Orientations will be conducted Monday – Friday between the hours of 9:00 AM and 4:00 PM. Only the Buyer(s), Seller, builder, and developer are to be present. Seller and Buyer agree that any item(s) requiring additional attention, as noted at the new home orientation, will be completed as soon as reasonably possible; but in any event will not delay the closing process. Minor defects or deficiencies shall not justify the Buyer’s refusal to close this transaction, at full price, within the time provided. Buyer acknowledges that it may take up to 90 days for completion of any punch list items and that after closing it is Buyer’s sole responsibility to provide access to the home and property during Seller’s normal working hours to ensure prompt correction of any deficiencies after closing.

12. WARRANTY. Buyer acknowledges receipt of the Limited Warranty and has read and understands the responsibility of the builder and homeowner regarding all aspects of the warranty.

12. WARRANTY. Buyer acknowledges receipt of the Limited Warranty and has read and understands the responsibility of the builder and homeowner regarding all aspects of the warranty.

13. CLOSING. Closing will take place within five (5) business days of the issuance of a Temporary Certificate of Occupancy (TCO) or a Certificate of Occupancy (CO) from the Routt County Regional Building Department (RCRBD). Seller will provide Buyer’s Broker with a copy of the TCO letter or the CO with a date of issuance from the RCRBD. Buyer acknowledges that a TCO does not mean the house is 100% complete and that there may be items yet to complete that will make occupying the home inconvenient or undesirable for an occupant. Buyer is advised to not occupy home and instead to make arrangements for housing until all items are completed. In any event, completion of construction items that take place after issuance of the TCO or CO will not delay the closing process.

13. CLOSING. Closing will take place within five (5) business days of the issuance of a Temporary Certificate of Occupancy (TCO) or a Certificate of Occupancy (CO) from the Routt County Regional Building Department (RCRBD). Seller will provide Buyer’s Broker with a copy of the TCO letter or the CO with a date of issuance from the RCRBD. Buyer acknowledges that a TCO does not mean the house is 100% complete and that there may be items yet to complete that will make occupying the home inconvenient or undesirable for an occupant. Buyer is advised to not occupy home and instead to make arrangements for housing until all items are completed. In any event, completion of construction items that take place after issuance of the TCO or CO will not delay the closing process.

14. CONFLICT OR INCONSISTENCY. In the event there is any conflict or inconsistency between the terms and conditions of this Addendum and the terms and conditions of the Purchase Contract, the terms and conditions of this Addendum shall govern and control the rights and obligations of the parties.

14. CONFLICT OR INCONSISTENCY. In the event there is any conflict or inconsistency between the terms and conditions of this Addendum and the terms and conditions of the Purchase Contract, the terms and conditions of this Addendum shall govern and control the rights and obligations of the parties.

Buyer’s signature Date

Buyer’s signature

Date

Buyer’s signature Date

Buyer’s signature

Date

01/11/2022

Page 2 of 2

SUNLIGHT HOA & METRO DISTRICT

Sunlight HOA and Metro District

For the past several decades in Colorado, there has been a growing trend toward innovative land planning that includes establishing a metropolitan district (Metro District). Metro Districts historically have been used primarily to reduce the costs of constructing public infrastructure (e.g. water, street, sanitation, park and recreational improvements) through issuance of tax-exempt municipal bonds to finance costs that would otherwise be included in land and home sale prices. More recently, Metro Districts are also being used to provide services typically provided by a Homeowners Association (HOAs). These include maintenance of common areas and community amenities, as well as performing design review and covenant enforcement. The developers of the Sunlight Subdivision have established the Sunlight Metropolitan District to work cooperatively with the Sunlight HOA, as they believe this arrangement will deliver the highest value to the future owners at Sunlight.

What Amenities will the Sunlight Metro District service?

 Repairs and maintenance of the private Sunlight dog park

 Repairs, watering, mowing and maintenance of the private Sunlight community park

 Repairs and maintenance of concrete sidewalks – with over 2 miles of sidewalks

 Repairs and maintenance of streetscape – 10 foot strip of landscaping and trees bordering streets

 Water, water lines, sprinklers, pumps and systems to water the streetscape

 Regular winter snow removal of sidewalks that parallel the streets - not including private walkways

 Mowing and maintenance of common landscaped areas

 Maintenance of entry features and signage

 Maintenance of soft hiking trails (Over a mile of soft trails)

 Cost of trash receptacles at parks and trails

 Snow removal and maintenance of the two alleys (main streets are city owned and maintained)

 Management of neighborhood to preserve and protect the neighborhood covenants

 Maintenance and/or repairs of the two detention ponds (built to retain silt during run off periods)

 Board of Directors errors and omission insurance and bookkeeping services

 Repair and maintenance of fencing owned by the metro district

What is the Function of the HOA?

The Sunlight Homeowners Association, Inc., was established pursuant to the Declaration of Covenants, Conditions and Restrictions for Sunlight Residential Subdivision (“ Declaration”). The Declaration establishes the authority of the Sunlight HOA to provide residents with the necessary assurances that design standards and services traditionally provided by the HOAs will be in place to protect the integrity of the Sunlight community and its property values. The Declaration also provides the mechanism by which the HOA can delegate to the district the day-to-day provision of services and enforcement of the covenants .

How Does this Arrangement Benefit Homeowners?

The costs to residents for these services will be from Metro District property taxes, which are easier to collect than HOA dues and will reduce HOA dues to the minimal amount necessary to pay the HOA’s annual costs for insurance and maintaining its corporate existence. Unlike HOA dues, Metro District property taxes are deductible from resident’s income taxes. Because the Metro District is a quasi-governmental entity, its operations are more transparent than those of HOAs, because the Metro District is subject to the Colorado Open Records Act, Open Meetings Act and other laws that govern local governments.

SUNLIGHT HOA & METRO DISTRICT

What will my Estimated Taxes be at Sunlight? (Updated 03/14/2024

What will my estimated taxes be in Sunlight? Below is a chart which will help you (amounts not guaranteed). Sunlight residents will pay a total of 89.350 mills (40.556 city mills + 34.591 Metro District mills). Due to the fact that vacant land is assessed at a ratio of 29% and residential property at 6.70% of actual value, taxes will be similar whether there are improvements on the lot or not. Formula for taxes is: Property Tax = Assessed Value x Total Mill Levy

To learn more, a copy of the District’s Service Plan and contact information is available from the Division of Local Government in the State Department of Local Affairs, or recorded documents in Routt County Clerk and Recorder. Sunlight Metro District information can be found at https://colo-communities.org/sunlight-metrodistrict

Property taxes are typically tax deductible for homeowners who file a schedule F. Please ask your CPA.

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