Frequently Asked Questions
Who do I contact for a stock transfer?
Company Secretary Michelle Shelden 970-712-0822 or officesecretary.gmrc@gmail.com
Who do I contact for Building Permits:
Company Manager James Mackley 970-242-4794 manager.gmrc@gmail.com
Is there a way I can contact the Board as a whole?
What happens if I have lost my stock certificate?
Please try to find it, the work and expense that is included in a lost certificate is a lot more than if you have your certificate when it comes time to transfer it. If you have indeed lost your certificate, you will need to get a lost securities bond for a replacement certificate. Michelle can direct you on that when/if it comes to that. It is much easier to just find it and keep it in a very secure location. We advise you to keep it in a safe deposit box in your bank or in a fire proof safe. Fire proof safes can be purchased at most local retailers and really aren’t that expensive considering that you are protecting very important assets in it.
Are the cabins under a 99 year lease?
No, the cabins are not under a 99 year lease, the land under the cabins is owned by the Grand Mesa Resort Company. The Company owns 308 acres that the cabins sit on.
Are lots sold to the Stockholders?
No, lots are actually considered Building Envelopes and are leased to the Shareholder and the share of stock gives you permission to have a cabin on GMRC Property.
Do cabins have to be in the same name as the stock certificate?
Yes, cabins and stock certificates must be in the same name, listed exactly the same on the cabin deed and the stock certificate.
Are there property boundary lines?
No, there are no property/building envelope boundary lines, all land is owned by the GMRC and can be used by all GMRC shareholders. All ground is considered for the pleasure of the shareholders. All open ground is considered for the pleasure of the shareholders. Open ground cannot be built on by shareholders-including but not limited to roads, driveways, sheds, cabins, fences, etc. Shareholders can only build on their own building envelope and must receive a building permit from the Company Manager before building or changing their building envelope.
Is there a fee to transfer a share of stock?
There is a $300 stock transfer fee to transfer a share of stock.
Do we have to have a realtor to sell our cabin/share of stock?
No, you do not have to have a realtor to sell your cabin/share of stock.
Do we have to go through a title company to sell our cabin/share of stock?
No, you do not have to go through a title company to sell or transfer your cabin/share of stock. All transferring can go completely through the company secretary and stock transfer agent.
Do we need to record our sale/transfer with Delta County?
No, as a matter of fact, please do not record anything with Delta County, all recording of changes to your share of stock and cabin are done by the company secretary. GMRC staff gives and records everything that the county and assessors office need. All you need to do is contact your company secretary and she will take care of all information given to the county.
Who pays taxes on GMRC property?
GMRC pays the taxes on the land and shareholders pay the taxes on individual cabins/personal property. You will receive a bill in the spring from Delta County with your tax amount for your personal property that you will pay. GMRC will receive a bill in the spring for the taxes on the land. Taxes on the land are paid out of the assessment that you pay in the spring to GMRC.
How do fire bans work on GMRC property?
When the County and/or GMUG go into a fire ban the GMRC shareholders are expected to follow those fire ban rules. We are a part of the unincorporated Delta County and the GMUG. If you see that bans are not being followed or stages are not being adhered to, please contact local authorities.
