New Member Information

RETA

TMVOA’s largest revenue stream is the Real Estate Transfer Assessment (RETA). RETA is assessed at a rate of 3% on all eligible real estate transactions and is governed by Section 5.3 in the General Declarations, which can be viewed here.
RETA revenue is pledged to the operations and maintenance costs of the gondola, as well as used for many of the other TMVOA member services, including grant funding and event sponsorship.

When you buy or sell any real estate in Mountain Village, you or your title company need to complete the RETA Information Sheet which needs to be submitted along with payment and a copy of the deed after your property sale has closed.

All payments shall be made to Telluride Mountain Village Owners Association (TMVOA) by wire transfer in accordance with the wire instructions attached to the RETA Information Sheet.  The Buyer and/or Seller shall be responsible for all wire transfer fees.  You must also complete and return the completed New Owner Information Sheet, attached to the RETA Information Sheet, and the completed and executed Real Estate Transfer Assessment Payment Certification Form to TMVOA at the mailing address below or by email to accounting@tmvoa.org.   You must also include a copy of the deed transferring the property when you submit these forms.  Upon the receipt of the wired funds, and verification that dues are paid current, TMVOA will execute the Real Estate Transfer Assessment Payment Certification Form and return it to you via email.  You will then be responsible for recording the fully executed Real Estate Transfer Assessment Payment Certification Form in the records of the San Miguel County Clerk and Recorder within five (5) business days of recording the deed.

Certain real estate transactions are exempt from RETA, including any deed-restricted property. If you think your transaction may be exempt, please review the Second Amendment to the Amended and Restated General Declaration.  This Second Amendment lists the various exemptions authorized.  TMVOA recommends that you engage a local title company to assist you with the deed, as well as completing and submitting the RETA Exemption Application, which requires you provide information including identifying the specific grounds for exemption.

AS SET FORTH IN THE SECOND AMENDMENT, EVEN IF YOUR TRANSFER QUALIFIES FOR AN EXEMPTION, BUT THE REQUEST FOR EXEMPTION HAS NOT BEEN SUBMITTED TO TMVOA WITHIN THIRTY (30) DAYS OF THE DATE OF THE TRANSFER, TMVOA IMPOSES A PENALTY OF $500.00, WHICH IS DUE AND PAYABLE PRIOR TO THE ISSUANCE OF A CERTIFICATE OF EXEMPTION.  Also, your dues must be current prior to the issuance of the certificate.

A completed RETA Exemption Application must include any and all trust agreements, limited liability Company operating agreements, partnership agreements and/or shareholders agreements applicable to entities involved in the transfer.

Once your application is complete, please forward it to TMVOA’s Accounting Department, at accounting@tmvoa.org. Exemptions are processed within five (5) business days.

You will then be responsible for recording the fully executed RETA Exemption Certificate in the records of the San Miguel County Clerk and Recorder within five (5) business days of recording the deed.

FAQ’s

We’ve compiled a list of some Frequently Asked Questions below. If you can’t find the question and/or answer you are looking for on this page or on the website, please contact TMVOA, at tmvoa@tmvoa.org.

What is Telluride Mountain Village Owners Association (“TMVOA”)?

Formed in 1984, TMVOA is a non-profit corporation registered with the State of Colorado and managed by a duly elected Board of Directors. Over the last 33 years, Telluride Mountain Village Owners Association has had many different names, such as MVOA, Metro Services, MVMS, Resort Company – we are now only Telluride Mountain Village Owners Association or TMVOA. TMVOA is made up of 4 different membership classes – Class A: Residential, Class B: Lodging, Class C: Commerical, and Class D: Mountain Member (TSG). Per the Articles of Incorporation, TMVOA’s purpose is: “To promote the health, safety and welfare of all members of TMVOA; to establish, provide and maintain a desirable community and environment for all Owners, Lessees and Guests; and to protect and preserve the property, property values and property rights in the Telluride Mountain Village.” Please see the Governing Documents tab to view all TMVOA’s important documents.

What are the Bylaws?

The Bylaws are the guidelines for the operation of TMVOA. The Bylaws define the duties of the various offices of the Board of Directors, the terms of the Directors, the membership’s voting rights, required meetings and notices of meetings, and the principal office of the Association, as well as other specific items that are necessary to run the Association as a business. The Bylaws for TMVOA may be viewed online within the Governing Documents tab of this site.

What is the Board of Directors?

TMVOA is a corporation, therefore, a governing body is required to oversee its business. The Board of Directors is elected by the members, as specified in the Bylaws on page 3. The Board of Directors consist of 7 directors, who must be members of TMVOA. The TMVOA Board of Directors meet on a regular basis to conduct TMVOA business in a public forum. All related Board of Directors’ documents, meetings dates, etc. can be found under the Board of Directors tab of this site.

Are Board Meetings open to all owners? If so, where and when are they held?

Yes. Notice of the date, time and place of any board meeting will be posted on the Event Calendar, and a notice of the meeting will also be sent electronically to our members.  If you would like to be included in the TMVOA email distribution list, contact TMVOA at tmvoa@tmvoa.org.

If I want to serve on the TMVOA Board, how can I get involved?

TMVOA’s annual elections are held in December each year. In late October, TMVOA will notify the membership of the available Board seats and will publish a call for candidates. If interested in serving on TMVOA’s Board, contact TMVOA at tmvoa@tmvoa.org.

When is the Annual Meeting?

The TMVOA Annual Meeting, as well as the election of officials, takes place in late December or early January of each year in Mountain Village, per TMVOA’s Bylaws.  Members will receive an official written Annual Meeting notice in mid November via USPS, and a notice of the meeting will also be sent electronically to our members. The official Election Ballots are sent in late November by electronic delivery or by USPS depending on member preference. Please make sure your contact information is up to date with TMVOA. If your contact information is not up to date, please contact TMVOA at tmvoa@tmvoa.org.

What is Real Estate Transfer Assessment (RETA)?

When you buy or sell any real estate in Mountain Village, you, or your title company, needs to complete the RETA Information Worksheet which needs to be submitted, along with payment, and a copy of the deed after your property sale has closed.  Certain real estate transactions are exempt from RETA, including any deed restricted property.  If you think your transaction may be exempt, please contact us at accounting@tmvoa.org to confirm, and then complete the RETA Exemption Application.

Do I have to pay RETA?

When you buy or sell any real estate in Mountain Village, you, or your title company, needs to complete the RETA Information Worksheet which needs to be submitted, along with payment, and a copy of the deed after your property sale has closed. Certain real estate transactions are exempt from RETA, including any deed restricted property. If you think your transaction may be exempt, please contact us at accounting@tmvoa.org to confirm, and then complete the RETA Exemption Application.

What is my assessment?

The assessment is the quarterly amount due from each owner to cover the operating expenses of TMVOA, which primarily include the operation and maintenance of the gondola, event sponsorship, grant awards, member services, including Dial-A-Ride, and administration. The assessments are first pledged to the Town of Mountain Village’s Housing Authority Village Court Apartments bonds.  Each month, TMVOA must deposit all assessment receipts into a trustee account until the Town remits its debt service obligations for VCA each December, at which time the assessments are released back to TMVOA fully unrestricted.  Assessments are due on the 30th of the month following each quarterly billing, and owners are given a 10% discount if they choose to prepay the entire annual amount of dues by the end of February each year.

How is the amount of my assessment determined?

Owners assessments are calculated based upon the type of unit owned.

Will my assessment go up?

There is no concrete answer to this. The Board of Directors may approve an increased budget, increasing your assessment in order to cover increased costs of operating and maintaining the common area and sufficient reserve funds. The Board would consider such matters during their published meetings, so be sure to make sure TMVOA has your contact information to e-mail you agendas and meeting notices by e-mailing us at tmvoa@tmvoa.org.

What happens if I don’t pay my assessment?

Late payments will result in a late penalty and interest charges.