Sierra Crest

Key facts from Sierra Crest's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (subsidiary association) (Section 1.2)

Legal name

Continental Reserve Blocks 2 and 3 Homeowners Association, an Arizona nonprofit corporation (Section 1.2)

Units / lots

146 lots (Lots 1 through 146) plus Common Areas A and B (Preamble, Recital A; Section 1.20)

Developer / declarant

Scotia Joint Venture, L.L.P., an Arizona limited liability partnership (Section 1.8)

Governing law

Arizona Revised Statutes (referenced for land sale contracts, Section 33-741 et seq.) (Section 1.17)

Assessments & dues

Board estimates total expenses for coming year, determines reserve levels, and sets annual assessment to generate required revenues. (Section 6.3)

Special assessments

May be levied for capital improvements with assent of Members voting in person or by proxy (Section 6.4). Also, special assessment for reconstruction if insurance proceeds are at least 80% of estimated costs, with each Owner contributing li (Sections 6.4, 4.5.B.2)

Collections & liens

Delinquent assessments, interest, costs, and reasonable attorney's fees are a continuing lien on the Lot, senior to all other liens except tax liens, municipal assessments, reservations in patents, First Mortgage liens, and Master Associati (Sections 6.1, 6.9.B.2)

Reserves & fees

Board shall provide for assessments to include a reserve fund for maintenance, repairs, and replacement of Common Area elements. (Section 6.2)

Leasing & rentals

Renting is addressed in Section 10.8 (text partially legible, details not fully readable). (Section 10.8)

Architectural approval

All structures, improvements, landscaping, or alterations require prior approval of Architectural Control Committee and Master Association. No change in exterior color, materials, or landscaping without approval. (Sections 9.1, 9.3)

Solar & roof

Solar devices addressed in Section 10.9 (text partially legible, details not fully readable). (Section 10.9)

Signs & flags

Declarant/Developer has right to post signs related to construction, sales, or leasing. (Preamble, last paragraph)

Maintenance

Owners responsible for maintenance, repair, and upkeep of their Lots and Dwelling Units, including plumbing, exterior lighting, walls/fences (except common walls). Association responsible for Common Area maintenance, including private stree (Sections 3.1, 3.2, 3.3)

Insurance

Association must maintain commercial general liability insurance (at least $1,000,000 combined single limit), property insurance on Common Area (fire, extended coverage, replacement cost), workers' compensation, fidelity insurance (at least (Section 4.1)

Use restrictions

All Properties shall be held, used and enjoyed subject to limitations and restrictions in Article 10; Section 10.1 likely states single-family residential use (text partially legible). (Article 10, Section 10.1)

Voting & meetings

Class A: each Owner one vote per Lot; Class B: Declarant/Developer entitled to three (3) votes per Lot owned. Class B converts to Class A upon earliest of: (1) 90 days after total Class A votes equal Class B votes, or (2) 6 years after firs (Section 2.2)

Amendments

Article 12 addresses amendments; specific procedure not fully legible but likely requires membership vote. (Section 12.2)

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