The Association is funded through quarterly assessments which is charged to all residential properties within Sky Legend. At the end of each year the Board of Directors adopts the annual budget for the ensuing year. Public input on the budget is always welcome. Due to the limited size of the Association no audit is required by an independent CPA. Below you will find the most recent budget of the Association.
October 31 2019 Updated Balance Sheet and Revenues & Expenditures
Provides architectural control for the community of Cotton Ranch and is responsible for reviewing and approving all new construction, renovations, and exterior improvements.
Master HOA for the valley floor and upper bench providing common area maintenance to the community.
A quasi-municipal corporation that finances the infrastructure of the Cotton Ranch Development, primarily irrigation.
Sitting on the upper bench of Cotton Ranch, Sky Legend HOA is responsible for the maintenance of limited common elements. It also is responsible for some infrastructure not owned by the town of Gypsum.