Dobson Town Place II

Key facts from Dobson Town Place II's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

commercial business park (Overview: 'establish a general plan for )

Developer / declarant

SRR Dobson LLC, an Arizona limited liability company (Opening paragraph: 'by SRR Dobson LLC, a)

Assessments & dues

Determined annually by Board majority based on Pro-rata Share (square footage per Exhibit B) (Section 4.04: 'The amount of the annual )

Special assessments

Allowed; requires Board majority vote and approval by at least three-fifths of Membership (Section 4.05 and 4.07: 'The Association )

Collections & liens

Unpaid assessment becomes a continuing lien on the Lot after written demand and 30 days; Association may foreclose by judicial foreclosure (Section 4.11(b) and (c): 'become a conti)

Reserves & fees

Annual assessments may include reserves for future maintenance, not to exceed $100,000 at any time; held in separate trust account (Section 4.10: 'annual assessments may in)

Parking & vehicles

Parking spaces are Common Elements owned by Association; each Lot allocated exclusive use spaces per Exhibit C; Board may reallocate (Section 8.03: 'All parking spaces are co)

Architectural approval

Yes, for any exterior modifications to Buildings or Improvements (Section 9.03: 'Prior to making any exter)

Signs & flags

No additional business signs unless conforming to Board standards or approved in writing (Section 9.04: 'No additional business si)

Maintenance

Association: Common Areas; Owners: Lots (including building repairs, landscaping). Association may paint exterior of Buildings. (Section 10.01: 'Association shall mainta)

Insurance

Association obtains insurance for Common Areas (fire, extended coverage, vandalism, liability, D&O) (Section 7.01: 'The Board of Directors sh)

Use restrictions

No; commercial use only (Section 9.01: 'No portion of the Propert)

Voting & meetings

One vote per Lot owned; total 5 votes (Section 3.03: 'There are a total of five)

Amendments

Requires recording of amendment signed by Members holding at least 51% of votes; while SRR is Member, SRR's consent required; certain changes require majority of votes (Section 11.02: 'amended... upon recordin)

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