Green Valley

Key facts from Green Valley's documents

Community type

Residential Lots for Single Family and Duplex Dwellings (DOC 70032, Page 1, paragraph (a))

Units / lots

All lots in tract (number not specified) (DOC 70032, Page 1: 'all the lots')

Developer / declarant

Green Valley Homes, Inc. (DOC 70032, Page 1, first WHEREAS)

Assessments & dues

Determined by Board of Directors; not specified in declaration. (DOC 123544, Art. V, Sec. 3)

Special assessments

May be imposed for capital improvements, approved by majority vote of membership. (DOC 123544, Art. V, Sec. 3)

Collections & liens

Assessment creates a lien on the lot; can be foreclosed by civil action. Lien subordinate to first mortgage. Foreclosure extinguished prior assessments. Personal obligation remains. (DOC 123544, Art. V, Sec. 3)

Reserves & fees

Interest at 10% per annum from due date if not paid within 30 days. (DOC 123544, Art. V, Sec. 3)

Pets

Dogs, cats, or other household pets allowed, not for commercial purposes. (DOC 70032, Page 2, paragraph (j))

Signs & flags

One professional sign not over 1 sq ft, one sale/rent sign not over 6 sq ft, builder signs during construction. No other signs. (DOC 70032, Page 2, paragraph (h))

Use restrictions

Yes – lots for residential purposes only. (DOC 70032, Page 1, paragraph (a); DOC 12)

Voting & meetings

Each owner of a lot entitled to one vote per lot; Developer retains one vote for each unsold lot. (DOC 123544, Art. V, Sec. 2)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.