Colonia Park Twin Townhomes

Key facts from Colonia Park Twin Townhomes's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners association (Colonia Park Twin Townhomes Homeowners Association, Inc.) (Section 1.4, page 2)

Units / lots

26 (lots one through twenty-six inclusive) (Section 2.1, page 4)

Developer / declarant

Colonia Park Development, Inc., an Arizona corporation (Page 1, first paragraph)

Assessments & dues

Maximum annual assessment initially $700 per lot (Section 5.3, page 7)

Special assessments

For capital improvements, with assent of two-thirds of votes of each class in person or by proxy (Section 5.4, page 8)

Collections & liens

Annual and special assessments are a lien on the lot and personal obligation; Association may foreclose like mortgages; lien subordinate to first mortgages (Sections 5.1, 5.8, 5.9, pages 6-9)

Reserves & fees

Board shall make provision for reserves to fund periodically recurring charges for exterior maintenance (Section 10.4, page 21)

Pets

Reasonable number of generally recognized house or yard pets only; not for commercial purposes; no unreasonable noise or nuisance; Board determines reasonableness and nuisance (Section 7.14, page 16)

Leasing & rentals

Yes; leases must be in writing, subject to Declaration and rules; no transient or hotel use (less than 30 days); owner responsible for tenant compliance (Section 7.5, page 14)

Parking & vehicles

Carports for parking vehicles and storage; only automobiles in operating condition in uncovered spaces; no parking on streets or private drives (Section 7.18, page 17)

Fences

No fences, hedges, walls, or landscaping unless initially installed by Declarant or approved by Board/ARC and City of Tempe (Section 7.16); party walls and fences governed by Article IX (Sections 7.16 and Article IX, pages 16-1)

Architectural approval

Prior written approval of Board or Architectural Committee required for any building, fence, wall, structure, or exterior addition/change (Article VIII, page 18)

Home business

No business, professional, commercial, rest home, religious, or institutional purposes; exception for Declarant's sales and construction and Association activities (Section 7.6, page 14)

Signs & flags

No signs whatsoever visible from neighboring property without prior Board or Architectural Committee approval (Section 7.13, page 16)

Maintenance

Association (exterior maintenance includes roofs) (Section 10.1, page 20)

Insurance

Comprehensive liability ($1,000,000 per occurrence), multiperil on common area (100% replacement value with inflation guard), fidelity bond (1.5 times annual operating expenses), workers comp if needed (Section 6.1, pages 9-10)

Use restrictions

Single-family residential use only; may be occupied by family, tenants, or social guests; rental permitted for single-family use (Section 7.2, page 13)

Voting & meetings

Two classes: Class A (owners, one vote per lot); Class B (Declarant, three votes per lot). Class B ceases when Class A votes equal Class B or January 1, 1988, whichever first. (Section 4.2, page 6)

Amendments

First 20 years requires instrument signed by not less than 90% of lot owners; thereafter 75%; must be recorded and approved by Tempe City Attorney; actions affecting mortgagee rights require 51% of first mortgagees and 2/3 owners (Sections 12.12 and 11.3, pages 27 and 21)

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