Parking spaces will be managed by the HOA and dedicated parking spaces will be allocated to each unit via an exclusive …
What is the purchase and sale agreement and why is it required?
Once the Town has verified that each selected buyer meets the terms of the deed restriction and is financially capable …
What is the reservation agreement? How does that work?
Potential buyers will be asked to sign a Reservation Agreement and put up a $500 refundable deposit once they have been …
How will utilities be metered? Individual or as a whole?
Other than those utilities referenced above, utilities such as electric and broadband will be individually billed to …
How will utilities like water and sewer be metered? As an HOA or per unit?
Water will be metered collectively and sub-metered per building. The HOA will be responsible for billing each unit owner …
How much will homeowners association (HOA) dues be and what will be included?
HOA dues and maintenance reserves are estimated at $3.75 per square foot annually and will include year-round …
Are there any units designed for ADA accessibility?
There are two ground level, one-bedroom units at Meadowlark specifically designed to be accessible for those with …
What is the anticipated construction timeline of Meadowlark?
Construction is underway and will be complete by late 2024. Any changes to the construction timeline will be posted to …
What if I completed the Pre-Qualification Application, selected a unit and executed the Reservation Agreement, but then no longer qualify to purchase the unit – for example due to change of employment OR unable to finalize the formal application process?
Unfortunately, if you selected a unit but no longer qualify, then the Town would refund your $500 refundable Reservation …
What if both my partner and I qualify to purchase a Meadowlark unit? Can we combine our application and Points Selection Criteria?
Please choose one person in the household to apply who would receive the higher Points Selection Criteria. …
Can I customize my unit?
Each unit at Meadowlark will include the same tasteful interior design package. Each homeowner can customize this …
I currently own another home. Can I participate in the Meadowlark at Mountain Village application process?
It's possible to own a home or land either within or outside the Telluride R-1 School District boundary. However, when …
Will the homes have a warranty?
The units will hold a standard one-year warranty with the contractor as detailed in the Meadowlark Purchase and Sale …
Will Meadowlark at Mountain Village incorporate sustainable design?
The Town is focused on building all-electric, energy-efficient units that include energy-saving appliances, air source …
Can a business purchase a unit to house employees?
The deed-restriction for Meadowlark has been structured to allow for businesses to purchase units—both regional …
Will the Meadowlark units qualify for conventional financing?
The Meadowlark deed-restriction is designed to meet the criteria of local mortgage lenders and Fannie Mae lending. It's …
Are there any limits to assets an applicant can have when applying to purchase a unit?
There is no limit to the assets an owner can hold in order to purchase a unit. …
What if I cannot attend the mandatory Open House?
The Town will be conducting an Open House meeting that is mandatory for anyone interested in participating in the …
Where do I get a Loan Pre-qualification letter to participate in the point selection process?
To apply for a Meadowlark unit, you will need a loan prequalification letter from a recognized bank or mortgage broker. …
Why do I need to attend a first-time homebuyers education class?
Anyone who will hold title on the purchase is required to have either previously owned a home or attended a homebuyer …
What first-time homebuyer classes can I take?
On demand class from Housing Resources of Western Colorado. Learn more. $75 class fee. Free in-person classes are …
Does the Town of Mountain Village provide resources to help first-time homebuyers understand the homebuying process?
Yes. A first-time homebuyer course is required if a first-time buyer applies to purchase a Meadowlark unit. …
Where can I find a copy of the key Meadowlark at Mountain Village legal documents, including the proposed HOA docs, Deed Restriction, Reservation Agreement and Purchase Agreement?
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How will the application and unit selection process be conducted?
Please visit our How to Qualify page to learn about the process. …