Red Mountain Professional Park

Key facts from Red Mountain Professional Park's documents

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

Community type

commercial (professional park) (Section 2.1)

Legal name

Red Mountain Professional Park Owners's Association

Assessments & dues

First year $1.44 per square foot of proposed building on lot, paid monthly (Section 6.1)

Special assessments

May be levied by Board with assent of at least 2/3 of Class A votes cast at a meeting called for that purpose. (Section 6.2)

Collections & liens

Assessment Lien on Lot; personal obligation of Owner; enforceable by action at law or foreclosure under Arizona law. (Sections 6.7, 6.8)

Reserves & fees

Interest at 1.5% per month after delinquency (Section 6.7)

Parking & vehicles

Parking areas for Owners, tenants, employees, customers, etc.; Owners have certain designated spaces per Exhibit B; no storage of vehicles; Board may adopt rules. (Section 2.3)

Fences

No walls, fences or barriers that would prevent or impair easements or free access of pedestrians and vehicular traffic between Lots, except as provided or agreed by Board. (Section 4.4)

Architectural approval

Prior written approval of Board required for any Improvement (building, fence, wall, landscaping, addition, alteration, repair, change, excavation, etc.) (Section 2.12)

Signs & flags

No sign except as permitted by Board; normally limited to occupant identification, direction, or sale/lease signs; not unusual size or shape. (Section 2.7)

Setbacks / home size

No building, structure, or appurtenance shall exceed 26 feet in height (except signs and architectural features approved by Board). (Section 2.9)

Maintenance

Owner: all Improvements on Lot. Association: Common Areas (parking lots, driveways, landscaping, irrigation systems, lighting). (Section 5.1)

Insurance

Association provides public liability insurance for Common Areas with limits not less than $1,000,000 per individual, $5,000,000 per accident, $500,000 property damage. (Section 7.2)

Use restrictions

No; commercial use only: first-class commercial purposes (Section 2.1)

Voting & meetings

Two classes: Class A (one vote per Lot), Class B (three votes per Lot for Declarants/developer assignee, converting to Class A upon earlier of: 8+ lots sold to non-declarants, 3 years after first conveyance, when declarant-owned lot with bu (Section 3.7)

Amendments

Amendments require written document signed by Persons holding 66 2/3% or more of Members' votes; termination requires 90% of Members' votes (Section 10.10). (Section 10.10)

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