Red Mountain Corporate Center

Key facts from Red Mountain Corporate Center's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

professional office building development (Paragraph 2: "professional office buildi)

Legal name

Red Mountain Corporate Center, Inc. (Section 1.2)

Developer / declarant

AARON FAMILY, L.L.C., an Arizona limited liability company (Preamble)

Governing law

Title 33, Chapter 16 of Arizona Revised Statutes (A.R.S.) (Section 1.1)

Assessments & dues

Board adopts budget; each Owner pays proportionate share based on undivided interest in Common Elements (as set forth in Exhibit C) – percentages fixed after all Lots conveyed (Sections 7 and 3.3)

Special assessments

May be levied for construction, reconstruction, repair or replacement of Common Elements; requires assent of not less than 60% of votes of each class at a meeting (quorum 60% of each class) (Section 7.3)

Collections & liens

Unpaid Common Expenses plus interest, late fee, costs, attorneys’ fees constitute a lien on the Lot, subordinate to a first mortgage taken in good faith; may be foreclosed in any manner permitted for real property mortgages in Arizona (Section 7.2)

Reserves & fees

Association shall maintain an adequate reserve for proper maintenance, repair and replacement of Common Elements (Section 7: "The Association shall mainta)

Leasing & rentals

Yes, Lot Owners have absolute right to lease a Lot or any portion, provided lease is in writing and subject to Governing Documents (Section 32)

Parking & vehicles

113 parking spaces total; 24 covered; designated parking spaces allocated to each Lot for exclusive use; non-designated spaces for common use; Board manages assignment; Declarant can reallocate until all Lots conveyed (Sections 3.1(c) and 6)

Fences

No fence, wall, awning, sign or other structure constructed without prior approval (Section 16)

Architectural approval

Yes, prior written approval of Board required for any exterior addition, change, alteration to building or parking area visible from Common Elements or other Lot, and for landscaping, grade, drainage changes (Section 16)

Signs & flags

No signs without prior written approval (Declarant has right to maintain sales offices and signs). Exterior additions require architectural control approval. (Sections 15 and 16)

Maintenance

Not explicitly stated; but Owner responsible for all improvements on his Lot – likely includes roof; Association responsible for Common Elements, not Lot roofs. (Section 11: "each Owner shall be respons)

Insurance

Policy may contain such deductible provisions as Association deems consistent with good business practice (Section 9.1)

Use restrictions

Only corporate offices and offices for professional services (law, medical, dental, architects, engineers, accountants, real estate, veterinary, title insurance, etc.) and any other use approved by Declarant (while Declarant owns Lots) or b (Section 15)

Voting & meetings

Two classes: Class A (Lot Owners) vote proportional to undivided interest in Common Elements; Class B (Declarant) vote same percentage multiplied by three for each Lot owned (Section 4.1)

Amendments

In first 20 years: 70% of Owners' votes; thereafter: 75%; Declarant must approve while still owning any Lot; also permitted by Declarant unilaterally under development rights (Section 30) (Sections 22 and 30)

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