Verrado Parcel 4.603

What Verrado Parcel 4.603's governing documents say

This document is an ancillary covenant that applies to homes in Verrado Parcel 4.611 (Buckeye, AZ) — it is not a full HOA rulebook. It requires each parcel to be a member of the Central Arizona Groundwater Replenishment District and obligates owners to pay an annual replenishment assessment to the water district. This covenant runs with the land and creates a lien on each parcel if the assessment is not paid.

• Purpose & effect: This declaration qualifies Verrado Parcel 4.611 as 'Member Land' under Arizona groundwater law, helping satisfy a requirement for the property's certificate of assured water supply. Every owner by accepting a deed automatically agrees to the assessment and lien.
• Replenishment assessment: Each parcel is subject to an annual Replenishment Assessment levied by the Central Arizona Water Conservation District (CAWCD). The amount is based on the Parcel Replenishment Obligation (groundwater use minus allowable use). Unpaid assessments accrue interest, costs, and penalties per Arizona law.
• Lien & personal obligation: The assessment, plus interest and penalties, is a continuing lien on the parcel. It is also a personal obligation of the owner(s) when the assessment came due. CAWCD has the legal remedies provided in Arizona Revised Statutes §§ 48-3778 and 48-3782.
• Amendments: The declaration can be modified, amended, or revoked only by written agreement of CAWCD, the Arizona Department of Water Resources, and owners of 67% of the total area of the property, or by amendment of the referenced statutes or regulations.
• Binding effect: All owners, successors, and assigns are bound. The covenants run with the land.
• What this document doesn't cover: This document does not address any typical community rules such as architectural review, pets, parking, rentals, age restrictions, or maintenance obligations. Those would be found in the main Verrado community declarations and CC&Rs.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.