Timnath Ranch Metropolitan District Nos. 1-4

Restrictive covenants are deed restrictions typically found in a Declaration of Covenants, Conditions and Restrictions. Declarations including restrictive covenants are normally drafted and put in place by the original developer. Amendments may be made by the appropriate action of a portion of the owners. Restrictions may vary in type and scope from community to community. When restrictive covenants are recorded in a declaration, they bind all property owners. Even though a purchaser may not read the declaration, the purchaser is bound by the covenants because they are in his/her “chain of title” and attach to the property. As a result, each owner has constructive knowledge of the restrictive covenants and actual knowledge becomes irrelevant. 

Special Districts are authorized by title 32 of the Colorado Revised Statutes to use a number of methods to raise revenues for capital needs and general operations costs. These methods, subject to the limitations imposed by section 20 of article X of the Colorado constitution, include issuing debt, levying taxes, and imposing fees and charges.