Lindsay Square Lot 3

Key facts from Lindsay Square Lot 3's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community (commercial)

Legal name

Lindsay Square Professional Plaza

Units / lots

2 Medical Buildings (A and B) plus suites within, but not a residential community; total units concept not directly defined (1.10, Exhibit B and C)

Developer / declarant

DESERT SHADOWS HOLDINGS, LLC, an Arizona limited liability company (Preamble)

Governing law

Laws of the State of Arizona (Uniform Arbitration Act references) (10.9 and 10.12)

Assessments & dues

Initially $1.50 per square foot of building (or proposed building) on each Medical Building, paid monthly (6.1, paragraph starting 'For the sole pu)

Special assessments

For capital improvements on Common Area; requires assent of 2/3 of votes cast by Class A Owners at a meeting duly called (6.2)

Collections & liens

Assessment Lien: Annual, Special, and Maintenance Assessments with interest and costs are a continuing lien on the Medical Building; may be foreclosed per Arizona law or trustee's sale; Board may bid at sale (6.7, 6.8)

Reserves & fees

Not explicitly mentioned; Common Area Expenses include replacement costs per 5.4 but no dedicated reserve fund stated

Leasing & rentals

Permitted uses include leasing; references to tenants throughout (2.1 (construction leasing))

Parking & vehicles

Location, number, size, surfacing, lighting per Board; parking areas not for vehicle storage; Board designates at least 20% for employee parking, not adjacent to buildings; Board may adopt rules (2.3)

Fences

No walls, fences or barriers impairing easements (Section 4.4), but Board may require screening for garbage/loading; fences generally require Board approval per 2.12 (4.4, 2.12)

Architectural approval

Prior written approval of Board required for any Improvement (building, fence, wall, landscaping, addition, alteration, exterior color change) (2.12)

Signs & flags

No sign permitted except as allowed by Board; normally limited to occupant identification, directional, for sale/lease; not unusual size/shape (2.7)

Setbacks / home size

Referenced in Plat as landscape setbacks (e.g., 10', 20', 30') but not explicitly in Declaration; Board may impose requirements (Exhibit A plat notes; 2.12)

Maintenance

Not explicitly stated, but 'all Improvements on such Owner’s Medical Building' likely includes roof (5.1)

Insurance

Association provides public liability insurance for Common Areas with limits not less than $1,000,000/individual, $5,000,000/accident, $500,000 property damage (7.2)

Use restrictions

Prohibited: any use noxious or offensive by odor, fumes, dust, smoke, noise, glare, heat, vibration, radiation or pollution, or that endangers health or is hazardous (2.2(a))

Voting & meetings

One vote per square foot of ownership of Medical Buildings (Class A voting rights) (3.7)

Amendments

Amendment requires 66 2/3% of Member votes; termination requires 90%; Section 10.10(i) (termination) itself cannot be amended without 90% (10.10)

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