Palm Valley

Key facts from Palm Valley's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master-planned residential subdivision with cluster housing (Section 3.2 Land Use Classification)

Legal name

Palm Valley Phases II and III Community Association (Section 1.4)

Developer / declarant

SUNCOR DEVELOPMENT COMPANY, an Arizona corporation (Opening paragraph)

Governing law

Arizona Revised Statutes (implied) (Reference to Arizona law in notary and r)

Assessments & dues

$480.00 per membership per year (max) until end of first Assessment Period (Section 4.2(a))

Special assessments

Allowed for capital improvements with written approval of Owners of at least 2/3 of Lots (Section 4.3)

Collections & liens

Yes, assessments are secured by an Assessment Lien; enforcement same as in Master Declaration (Section 4.2(e) (towing costs); Section 8)

Amendments

Requires approval of: Declarant (if owns), Builder (if owns or has option), Taro (if owns), 75% of Lots, and Association if Class B membership no longer exists. May be amended without owner consent to conform to governmental requirements. M (Section 9.1, 9.3)

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