There are no Special Assessments at this time. However, future community needs may require that a Special Assessment be assessed in the future.
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 $220.00(2024) and $200.00(2023) for all units, which includes a portion allocated to the Reserve Fund for major repairs and capital improvements.
The HOA monthy assessment covers all exterior maintenance including: exterior lighting, roof maintenance, carports, General Common Area foundations, lawn and grounds care using irrigation water provided by our shares of water with the Grand Valley Irrigation District, irrigation pump room and automated watering system, Sanitation, refuse pick-up, snow removal (when necessary), and common HOA Insurance (not to be confused with the individual unit owner's policy).
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. Westwood has no control over these rates, they are billed to the HOA directly through Xcel Energy and Ute Water.
The individual owner will also need to establish their own account with Xcel Energy for electrical service and, if desired, cable TV and internet.
Expenses Covered By Monthly HOA Assessments
General costs associated with operations and maintenance of common elements, such as:
Sewer and trash services
Irrigation water fees
Equipment for lawn care
Irrigation system maintenance
Common area lighting
Supplies and materials to maintain the building's exteriors
Contract services to repair and maintain roofs, gutters, and 12-plex boilers and hot water heaters, etc.
Clubhouse expenses, furnace and A/C cleaning equipment and supplies
Insurance covering Association-owned property
Accounting and legal services
Charges for Association contract services including:
Temporary, seasonal contractors when needed
Capital Improvement projects (designated "reserve fund") including:
Reroofing buildings, parking sheds, and storage sheds
Repair and resurfacing of the parking areas
Replacement of 12-plex furnaces and boilers
Replacement of 12-plex domestic hot water heater
Due Dates/Late fees
Monthly association fees are billed on the first of the month, due upon receipt; late on the 16th. Payments received after the 15th are subject to the following late fees:
A $25.00 late fee will be assessed for a payment made by the 16th of the following month.
A $35.00 late fee will be assessed for a payment made two months late.
A $50.00 late fee will be assessed for balances more than 2 months overdue.