The Board of Directors is the governing body that transacts the business of the Stapleton Master Community Association. Initially, the Developer appoints the members of the Board, as provided for in the Community Declaration, and is consistent with the terms of the Colorado Common Interest Ownership Act. The Board of Directors will initially consist of three members appointed by the Developer. Over time, the Developer appointed Board gradually transitions to Board Members elected by Delegates.
When 25% of the units that may be created are sold, one Stapleton property owner will be elected to the Board and the Board will be increased to four members. When 50% of the units created are sold, an additional owner will be elected to the Board. The Board will increase to five members. After 75% of the units created have been sold, three members of the Board of Directors will be elected by the Members and 2 will be appointed.
Land
Conveyed |
Directors
Appointed |
Directors
Elected |
Total
Directors |
Est. Year |
| 0% |
3 |
0 |
3 |
2001 |
| 25% |
3 |
1 |
4 |
2008 |
| 50% |
3 |
2 |
5 |
2013 |
| 75% |
2 |
3 |
5 |
2018 |
| 100% |
1 |
4 |
5 |
2021 |
The period of Developer control is 20 years (2021). At this time four members of the board will be elected and one will remain appointed.
The Community Association is organized into Delegate Districts. Members of each District will elect a Delegate on an annual basis. Each Delegate will have the number of votes, as may be cast by Members voting, to elect that Delegate. The Delegates also act as an advisory committee to the Board of Directors.
