Information for Buyers In Somerset
We are glad that you are considering purchasing a home in our neighborhood. You may address any questions about the following information to email@example.com or to Al Orendorff, Trio Property Management, at (303) 415-2054.
Somerset Homeowners Association (SHOA) Background
The Somerset subdivision was one of two adjacent communities created by a real estate developer in the 1980's and 1990's. The developer took steps to merge these communities and established a single homeowners association to manage the resulting common interest community. For more than 20 years, these communities were managed as a single association. However, in May 2017, the Boulder District Court determined in Case No. 2017CV30168 that the earlier merger was not valid and that Somerset Estates was, in fact, "a separate and distinct legal entity." Somerset Estates Homeowners Association (SEHOA) was established in March 2018 and is now separate from the Somerset Homeowners Association (SHOA) and governed by its own documents and assisted by its own Executive Board.
In light of the joint operation of our two communities over the past 20 years, there is some overlap between the infrastructure and finances of SHOA and SEHOA. Due to the timeline of the creation of the SEHOA and the possibility of re-merging these two neighborhoods, joint infrastructure and non-cash assets are currently held by SHOA. Most cash assets have already been divided between the two neighborhoods. Ongoing discussions between the SHOA Board of Directors and the SEHOA Executive Board ensure that maintenance of both neighborhoods continues. Current assessments are $497/quarter for SHOA.
The Somerset Swim and Tennis Club (SSTC) is a separate nonprofit corporation. Assessments paid to either community do not cover SSTC membership. For more information about the SSTC, contact them at [email protected].
Thank you for your interest in Somerset.