Cooper Crossing

Key facts from Cooper Crossing's documents

Community type

commercial (retail and/or office complex) (Recitals B (page 1); 6.5(b) (page 13))

Units / lots

Multiple Parcels established by Declarant; at least Parcel 4 is referenced (Article 1, 1.3 (page 3); 15.1 (page 26))

Developer / declarant

COOPER CROSSING, L.L.C., an Arizona Limited Liability Company (Preamble (page 1))

Assessments & dues

Not fixed; each Owner pays proportionate share of costs incurred by Manager under Article 7 based on land area (7.2 (page 15))

Special assessments

Not explicitly named, but Manager can assess costs for maintenance, repair, illumination, and self-help under Article 7 (7.1, 7.2 (page 15))

Collections & liens

Unpaid assessments constitute a continuing lien on the Parcel; Manager may foreclose like a mortgage; also personal obligation of defaulting Owner (8.2, 8.3 (pages 17-18))

Reserves & fees

Interest at 8% per annum on unpaid assessments, but no separate late fee specified (8.3 (page 17); 6.9 (page 14))

Parking & vehicles

Parking in Common Areas; no reserved parking without Manager consent; employee parking may be designated by unanimous consent; each Owner must provide parking to meet city code (4.4 (pages 9-10))

Fences

No permanent improvement that interferes with Access Drives or adversely affects parking or circulation; temporary structures/barricades allowed with Manager consent (4.2 (page 9))

Architectural approval

Manager has 30 days to object to preliminary plans; if no objection, plans deemed satisfactory; final working drawings must be submitted within 120 days of preliminary approval (5.3 (pages 10-11))

Signs & flags

Signs subject to Sign Criteria; no roof signs; monument signs as per Article 10; building signs require Manager approval (Article 10 (pages 20-21))

Setbacks / home size

Buildings must be within Building Envelopes as shown on Site Plan or as designated by Declarant (3.1 (page 8))

Maintenance

Each Owner maintains its own Buildings and Common Areas on its Parcel (including Access Drives, lighting, etc.), except Monument Signs maintained by Manager (6.5(b) (page 13); 7.1(a) (page 15))

Use restrictions

All Parcels must be used for lawful purposes consistent with first-class neighborhood retail/office; prohibited uses include discotheque, adult bookstore, pawn shop, etc. (specific list) (12.1 (page 22))

Voting & meetings

Owners vote on certain matters: e.g., removal of Manager requires unanimous vote of all Owners; designation of successor Manager by Owners of 51% of land area (with Parcel 4 approval); amendment/termination by requisite number of Owners (no (15.3(b) (page 27); 15.1 (page 26); Artic)

Amendments

Not detailed in provided text; termination requires vote of requisite number of Owners within 5 years of expiration; supplements may be recorded by Declarant to add future use restrictions (17 (page 28); 12.5 (page 23))

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