Tesoro at Gold Canyon East

What Tesoro at Gold Canyon East's governing documents say

Tesoro at Gold Canyon East is a single-family home community in Gold Canyon, AZ, but this document is not a full HOA rulebook. It is a partial, ancillary declaration that imposes a groundwater replenishment covenant on each parcel, requiring owners to pay an annual assessment to the Central Arizona Groundwater Replenishment District (CAWCD). This covenant runs with the land and creates a lien for nonpayment.

• Groundwater replenishment assessment: Each parcel is subject to a Replenishment Assessment levied annually by CAWCD, based on the amount of groundwater delivered to the property that year. The assessment funds groundwater replenishment obligations under Arizona law.
• Lien and personal obligation: Unpaid Replenishment Assessments, plus interest, costs, and penalties, constitute a continuing lien on the parcel and are also a personal obligation of the owner at the time the assessment came due. CAWCD has legal remedies for nonpayment.
• Amendment requirements: This declaration may be amended only with the written agreement of CAWCD, the Arizona Department of Water Resources, and owners of 67% of the total area of the property, or by changes in applicable statutes or regulations.
• What this document doesn't cover: This document is limited to the groundwater replenishment covenant. It does not cover typical HOA rules such as architectural controls, pets, rentals, parking, or common area maintenance. Those would be in a separate declaration or governing documents.

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.