Cottonflower - Goodyear Esperanza

What Cottonflower - Goodyear Esperanza's governing documents say

This is the master declaration for Cottonflower - Goodyear, a planned residential community in Goodyear, AZ. It creates a homeowners association (Cottonflower - Goodyear Community Association) that governs all lots, common areas, and amenities. The rules apply to all lot owners, occupants, and their guests. Living here requires paying assessments, following use restrictions, and obtaining architectural approval for exterior changes.

• Assessments & fees: Annual assessments start at a maximum of $480 per lot and can increase up to 20% each year without a membership vote. A one-time startup fee of $100 per lot ($75 to capital reserve, $25 to working capital) is due when a builder sells the lot. Late payments incur a fee of the greater of $15 or 10% of the unpaid amount. Builders/declarant pay only 25% of the normal rate until their special membership ends.
• Architectural Control: An Architectural Committee appointed by the Board reviews and approves all exterior changes, including buildings, fences, landscaping, and other improvements, in accordance with written Architectural Guidelines.
• Use Restrictions: Lots are for residential use only. The declaration restricts signs, vehicles, pets, temporary structures, lighting, antennas, clotheslines, basketball equipment, and other nuisances (specific details not fully provided in the excerpt). The Board may suspend an owner's privileges for up to 30 days for infractions.
• Common Areas & Easements: All owners have a non-exclusive right to use common areas (e.g., tracts, driveways) for access and enjoyment. The association maintains these areas and may grant utility easements. Minor portions may be reserved for exclusive use of adjacent lots.
• Membership & Voting: Each lot owner is a member with one vote per lot. The declarant holds class B membership with three votes per lot until 75% of dwellings are sold, 7 years after the first sale, or earlier voluntary conversion.
• Maintenance Responsibilities: Owners maintain their own lots and improvements. The association maintains common areas, including landscaping and driveways, with costs shared as common expenses.
• Rental of Lots: The declaration includes a Section 13 titled 'Rental Lots', but the text of that section was not provided in the excerpt. Therefore, any specific rental restrictions (minimum lease terms, caps, etc.) are not known from this document.

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.