Baca Grande POA 0

Petition to Dissolve Baca Grande Property Owners Association

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We, the undersigned, as active members of The Baca Grande Property Owners Association, do hereby petition the Board of Directors to dissolve the Association as mandated below:

501(c)(3) dissolution involves having your nonprofit organization officially vote for dissolution of the corporation. File Form 990 with Colorado Secretary of State.

We agree the Saguache County Land Use Department, Road and Bridge Department can maintain their respective codes and regulations.

Emergency services such as fire and paramedic can integrate with City of Crestone and/or volunteer departments may emerge.

We authorize the hiring of consultants to establish separate non-profits and billing for Emergency/Fire related services, Water/Sewer and Road/Bridge services based on their current respective budgets, as needed.

This will take effect by the end of 2020 and remain in effect until economic recovery.

And per the Colorado Common Interest Ownership Act. § 38-33.3-101.or the “Colorado Common Interest Ownership Act” which states,

Colorado law requires associations to have an investment policy which discusses investment policy. ... Further, boards must invest and manage the association's funds as a prudent investor would, taking into consideration the purposes, terms, expenses and other circumstances of the association. Sep 13, 2011

In that Baca Grande POA has NO investment policy, we instruct the Baca Grande Property Owners Association to disperse any surplus funds evenly among active and current paying members.

Looking to the future, It is the hope of the undersigned, an ethical business model of governance is constructed, to insure fair and impartial treatment of all Association Members. This model will guard against abuse, fraud. personal vendettas and promote conflict resolution in the hopes of better serving the community.

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