HOA Assessments Edit page

Transfer of Ownership Reserve Fund Fee
The Transfer of Ownership Reserve Fund Fee is $350.00.  It is to be paid by the Buyer (New Owner) of the unit at the time of the transfer of Title.

Monthly HOA Assessments and fees
The HOA monthly assessment is $230.00(2026) for all units, which includes $70.00 (2026) allocated to the Reserve Fund for major repairs and capital improvements.

Due to utility company metering logistics, the units within the 12-plex buildings, (700, 800 and 900) are charged separately for utilities in addition to the HOA monthly assessment. The utility charges provide each unit with domestic water (Ute Water) and Xcel Energy charges for heating and hot water. The Xcel Energy charges are based on the actual utility energy usage per building and are allocated per a unit's square footage for each unit within the building.  Therefore, utility charges range depending on the size of the unit within each building.  See HOA Assessments - Unit Specific, shown below.  Westwood has no control over these rates, they are billed to the HOA directly through Xcel Energy and Ute Water, and passed on to the 12-Plex Unit Owner.  These 12-Plex utility charges that the HOA assesses the 12-Plex Owners throughout the year are reconciled at the end of the year based upon the actual charges. 
 

Expenses Covered By Monthly HOA Assessments

1. General costs associated with operations and maintenance of common elements, such as:
   1. Sewer and trash services
   2. Irrigation water fees
   3. Equipment for lawn care
   4. Irrigation system maintenance
   5. Common area lighting 
   6. Supplies and materials to maintain the building's exteriors
   7. Contract services to repair and maintain roofs, gutters, and 12-plex boilers and hot water heaters, etc.
   8. Clubhouse expenses, furnace and A/C cleaning equipment and supplies
   9. Insurance covering Association-owned property
   10. Accounting and legal services
2. Charges for Association contract services including:
   
   1. Association bookkeeper
   2. Temporary, seasonal contractors when needed
3. Capital Improvement projects (designated "reserve fund") including:
   1. Reroofing buildings, parking sheds, and storage sheds
   2. Repair and resurfacing of the parking areas
   3. Replacement of 12-plex furnaces and boilers
   4. Replacement of 12-plex domestic hot water heater

Due Dates/Late fees

Monthly HOA assessments and fees are due on the first (1st.) of each month and are past due after the last day of the month.  A late fee of $50.00 or 8% (8% per annum), whichever is greater, of the outstanding assessments will be charged each month to accounts that are delinquent.  Please refer to the HOA Collection Policy, located in the Governance Document folder.
 
Historical Monthly HOA Assessments