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Section 1.1 Common Interest Community. The name of the common interest community created by this Declaration is "Red Creek Ranch/Sikes Ranch." Red Creek Ranch/Sikes Ranch is a planned community
in the Colorado Common Interest Ownership Act, Section 3833.3103(22), Colorado Revised Statutes, but intends to be exempt from such Act. All of Red Creek Ranch/Sikes Ranch is located in Pueblo
County, Colorado.
Section 1.2 Property Affected. Declarant owns certain real property in Pueblo County, Colorado described on the attached Exhibit A. The real property described on Exhibit A (and any added thereto by
Declarant) is referred to in this Declaration as the "Property."
Section 1.3 Purposes of Declaration. This Declaration is executed and recorded
- (a) to provide for the Property Owners Association to maintain nonpublic roads within the Property and to perform certain functions for the benefit of owners of land within the Property;
- (b) to define the duties, powers and rights of the Property Owners Association; and
- (c) to define certain duties, powers and rights of Owners. This Declaration restates and amends in its entirety any previous Declaration recorded against the Property. In all respects, any
such previous Declaration is superseded and amended by this Declaration, which shall be the sole Declaration against the Property.
Section 1.4 Declaration. Declarant, for itself, its successors and assigns, hereby declares that the Property, and each part thereof, shall, on and after the date this Declaration is recorded, be
owned, held, transferred, conveyed, sold, leased, rented, hypothecated, encumbered, used, occupied, maintained, altered and improved subject to the covenants, conditions, restrictions, limitations,
reservations, exceptions and other provisions set forth in this Declaration. The provisions of this Declaration are intended to and shall run with the land and, until their expiration in accordance
with Section 10.2 hereof, shall bind, be a charge upon and inure to the mutual benefit of (a) all of the property within the Property and each part or parcel thereof; (b) Declarant and its successors and
assigns; (c) the Property Owners Association and its successors and assigns; and (d) all other persons and entities having or acquiring any right, title or interest in any property which is part of the
Property or any part or parcel thereof or any Improvement thereon, and their encumbrancers, claimants, heirs, personal representatives, successors and assigns.
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