Physical Address of Corporation: 88 Columbine Way, Durango, Colorado 81301
Non-financial Correspondence Mailing Address: LPPO Association 1600 Lake Purgatory Drive Durango, CO 81301
Invoice Payments by Check: LPPO C/O Clark, White & Associates, Inc. PO Box 1619 Durango, CO 81302 Name of Common Interest Community: Lake Purgatory Unit I subdivision
Declaration Initial Recording Date; 12/22/1975
Declaration Reception Number: 397414
Our fiscal year runs from July 1st to June 30th.
Annual Dues The assessment for all property owners (who did not pre-pay for the bridge assessment) for 2024-25 fiscal year is $770 per property. For those that pre-paid the bridge loan, dues are $730. Dues for each fiscal year are set by the Board in July. The amount is largely based upon the amount needed for road maintenance in LPPO and the lower part of Lake Purgatory Drive. There is no special assessment for 2024-25.
Snow removal Snow removal on the road is a special assessment in winter months. All property owners pay an equal share of this expense. This includes our share of the lower the road on the lower part of Lake Purgatory Drive which we must use to access all of our properties.
If homeowners want driveways plowed, the cost will be added to their share of the road plowing cost. A letter via email is sent to all homeowners with snow plowing information a month prior to the start of the season (November Through March).
The following documents applicable to this Disclosure are located on the HOA Information page as links that can be opened and printed:
Annual financial statements (P&L, Balance Sheet, Current operating budget)
Adopted rules and policies are on the Board Policies and Rules page.
Minutes of all Board Meetings and Annual Meetings are on the Meeting Minutes page.
The Association maintains the following insurance policies:
General Liability - State Farm - policy number 96-ES-B847-7 F -$1,000,000 per occurrence - $2,000,000 Aggregate Limit - Deductible $250.00 only applies if claim is greater than $250.00. Expiration date: 8/31/2023.
Commercial Umbrella - State Farm - Policy number 96-ES-B846-5 F $1,000,000 per occurrence $2,000,000 aggregate - Expiration date: 8/31/2023.
Directors and Officers - Continental Casualty Company division of CNA - Policy Number 025223373 - $1,000,000. Expiration date: 8/31/2022.
These policies run concurrently, and they expire on August 31 each year.