Destinations — Fountain Hills, a Private Residence Club

Key facts from Destinations — Fountain Hills, a Private Residence Club's documents

Community type

Private Residence Club as of 2002 (Title page of both documents)

Developer / declarant

Destinations Development, Inc., a Minnesota corporation as of 2004 (First Amendment, Sponsor)

Assessments & dues

Set by annual budget, not a fixed dollar amount; equal per Ownership Interest as of 2002 (Sections 10.1, 10.4 (pages 18-19))

Special assessments

Board may levy special assessments for unbudgeted costs (construction, repair, etc.) as of 2002 (Section 10.5 (page 20))

Collections & liens

Unpaid assessments become a lien on Ownership Interest; Association may foreclose via power of sale or judicial action as of 2002 (Sections 10.9, 10.10 (pages 21-22))

Reserves & fees

Association must maintain adequate reserve for periodic maintenance, repair, replacement as of 2002 (Section 9.1 (page 14-15) and Section 10.)

Pets

No animals except properly licensed service animals; Board may prohibit personal pets or allow with special assessment as of 2002 (Section 13.5 (page 26))

Leasing & rentals

Owners may not rent or lease vacation time (Ownership Interests). as of 2004 (Section 13.1 (as amended by First Amendm)

Parking & vehicles

Parking only in designated areas; Association may remove improperly parked vehicles at owner's expense as of 2002 (Section 13.8 (page 26-27))

Fences

No animal pens, sheds, fences or outbuildings as of 2002 (Section 13.5 (page 26))

Architectural approval

No alterations without prior written approval of Sponsor (during Sponsor control) or Association (thereafter) as of 2002 (Section 13.4 (page 26))

Home business

Owners may only use Ownership Interests for home occupations which do not cause unreasonable disturbance to other Owners and which are permitted by applicable zoning codes and restrictions. Owners may not rent or lease such vacation time. as of 2004 (Section 13.1 (as amended by First Amendm)

Signs & flags

No signs without approval of Sponsor (during control) or Association; must be attractive and small as of 2002 (Section 13.7 (page 26-27))

Maintenance

Association maintains all Property (Section 11.4); Owners shall not paint, decorate, repair interiors/exteriors (Section 11.1) as of 2002 (Sections 11.1, 11.4 (page 24))

Use restrictions

Ownership Interests for dwelling and lodging purposes only for vacation and recreation as of 2002 (Section 13.1 (page 25) and First Amendme)

Voting & meetings

One vote per Ownership Interest; equal voting interest among Owners as of 2002 (Section 4.2(b) (page 9) and Section 8.2 )

Amendments

Pursuant to Section 20.2 of the Declaration, all Owners agreed to amend the Declaration as of 2004 (WHEREAS)

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