Member and RETA Information

Telluride Mountain Village Owners Association (“TMVOA”) welcomes you to beautiful Mountain Village, a luxury mountain community nestled in picturesque southwest Colorado. Just a gondola ride away is Mountain Village’s sister community, the historic town of Telluride, and just steps away are the slopes and various amenities of the Telluride Ski & Golf Resort. With all that surrounds Mountain Village, residents and visitors alike treasure the stunning views, rich history, exciting events, and acres of open space in our European-style village.

Please visit our website often to find out what TMVOA is doing and what’s going on in the community.

If you have any questions, Contact Us, we are easy to reach.

Association Assessments: Automatic Payment Sign Up

Association Dues Payment by Bank Draft or Credit Card

Please return the appropriate form (links below) to us via fax, email, or mail.

Phone: (970) 728-1904 x5

Fax: (970) 369-7656

Mail: 113 Lost Creek Ln, Suite A, Mountain Village, CO 81435

If you would like to pay online, click the link that states “Click Here to Pay Invoice” located in the red box on the middle of the invoice.

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 New Owner Information Sheet which is attached to the RETA Information Sheet, and the completed and executed Real Estate Transfer Assessment Payment Certification Form (provided upon request) to TMVOA at the mailing address below or by email to . 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 . 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.

TMVOA Voting

TMVOA has four voting classifications, which are described below.

Residential (Class A):
Class A members are all of the owners of Residential Sites. A Class A member shall be entitled to one vote for each Residential Site. Owners of a Residential Site may delegate to a Lessee of that Site the right to vote by delivering written notice of such delegation to TMVOA.

Hotel (Class B):
Class B members shall be all Owners who own a Lodge Site or all Lessees who lease and operate a Lodge Site, if so designated by the Owner of a Lodge site. Owners of Lodge Sites not yet developed and certified for occupancy shall have no right to vote until such time as the Lodge Site is developed and a certificate of occupancy issued by the Town. Each Class B member is entitled to one vote for each zoned Hotel Unit, Lodge Unit, Hotel Efficiency Unit or Efficiency Lodge Unit. A Class B member may assign or delegate to the manager of such Lodge Site all (but not less than all) of the voting rights as a Class B member with respect to such Lodge Site. TMVOA shall recognize any such assignment or delegation of voting rights provided that. to be effective with respect to TMVOA, the assignment or delegation of rights shall be in writing, shall be in terms deemed satisfactorily specific by TMVOA, and a copy thereof shall be filed with and approved by TMVOA.

Commercial (Class C): Class C members shall be all those Owners who own and operate any type of service, commercial or retail business (except a Lodge Site), and all those Lessees who operate any type of service, commercial or retail business upon their Sites, in accordance with the Town LUO. A Class C member shall be entitled to one vote for each 250 square foot increment of space that is owned or leased by such member and used in furtherance of the operation of such business. For the purposes of this provision, square footage shall be measured from the interior painted walls of the space and shall not include square footage devoted to mechanical, circulation or parking. Nothing to the contrary withstanding, each Class C member shall receive a minimum of one vote. The Owner and/or Lessee of any vacant service, commercial or retail space shall not be entitled to a vote as long as the service, commercial or retail space remains vacant.

Mountain Special Member (Class D): The Telluride Ski and Golf Company, LLC constitutes the entire Class D membership.

Electronic Election:
All election materials for the annual TMVOA Board of Directors Election will be accessed electronically. We have switched to a new voting platform through Election Buddy. More info on the new platform can be viewed here.

FAQs

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 .

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. 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. Board meetings from 2019 and prior can be viewed here. Recordings from 2020 and live viewing links via the agenda can be found here. If you would like to be included in the TMVOA email distribution list, contact TMVOA at .

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

TMVOA’s annual election is 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 .

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 .

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 to confirm, and then complete the RETA Exemption Application.

Do I have to pay RETA?

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 .

What happens if I don’t pay my assessment?

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