Proposed Amendments to TMVOA's Governing Documents

The amendments will be submitted to a vote of the Members in late June. If Members vote to approve the amendments, annual assessments will be eliminated, and the Board will need to follow a process to implement any assessments at a future date.

PRIMARY ITEMS TO BE AMENDED:

1. Voting will be by “Site” (parcel of real property) rather than by density
2. Each Site is allocated one vote (except commercial class, which is by square footage)
3. All Sites owned by TSG or TSG affiliates are moved into Class D
4. TSG will not have any votes in Class A (Residential), Class B (Lodging) or Class C (Commercial)
5. Sites owned by the Town of Mountain Village will not pay assessments and will not be allocated any votes.
6. Future amendments to the Declaration, Articles and Bylaws will require the affirmative vote of each of Class A, Class B, Class C and Class D.

Background Information

May 28, 2025 - Slides from Special Members Meeting

Summary of Proposed Amendments

Summary of Proposed Amendments to the Articles of Incorporation

Summary of Proposed Amendments to the Bylaws

Summary of Proposed Amendments to the Declaration

1. Articles of Incorporation
   1. Current 2007 Amended and Restated Articles of Incorporation
   2. Proposed 2025 Amended and Restated Articles of Incorporation
   3. Redline showing amendments to the 2007 Amended and Restated Articles of Incorporation
   4. Site Lists (to be updated as of June 1, 2025): Class A, Class B, Class C, Class D, Exempt
2. Bylaws
   1. Current 2014 Sixth Amended and Restated Bylaws
   2. Proposed amendments to Bylaws VIII and IX
3. General Declaration
   1. Current 2002 Amended and Restated General Declaration
   2. Proposed 2025 Amended and Restated General Declaration
   3. Redline showing amendments to the 2002 Amended and Restated General Declaration
   4. Exhibit A to General Declaration Legal Description
   5. Exhibit D-1 to Declaration
   6. Exhibit D-2 to Declaration
4. 2023 Settlement Agreement by and among TMVOA, Friends of TMVOA, Town of Mountain Village
5. CCIOA - Colorado Common Interest Ownership Act​​​​​​
   a. 2024 CCIOA sections applicable to pre-CCIOA communities
   b. 2024 Colorado Revised Nonprofit Corporation Act 7-121 through 7-137
6. Requirements for Vote

If you have any comments or questions on the proposed amendments, please email them to