• Transact all Association business, and make/amend rules for the regulations of the use of the Association's property. The Board may appoint a manager and such non-elected officers and agents as it may deem necessary and may fix their duties and compensations.
• Fix, impose and collect penalties for violations of the Declaration of Unified Covenants, Articles of Incorporation, Bylaws and rules of the Association.
• Elect from the Board, a President, Vice President, Secretary and Treasurer.
• Create, if necessary, the office of Assistant Treasurer and others deemed necessary and, appoint one or more persons who need not be members of the Association to such office.
• Constitute and appoint committees and define the powers and duties of same.
• Fill any vacancy in the membership of the Board from among the members to serve until the next election of directors.
• Establish annual assessments which shall not be changed without a majority vote of the members voting by written ballot in accordance with CRS§38-33.3-303(a) which assessments together with other funds of the Association may be disbursed in such manner as the Board deems proper and, in accordance with these Bylaws and applicable statue.  
• Establish any rules and regulations necessary to promote the health, civic and general welfare of the membership. 

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