Los Olivos Hermoso Townhome Association

What Los Olivos Hermoso Townhome Association's governing documents say

This is the Amended and Restated Articles of Incorporation for the Los Olivos Hermoso Townhome Association, a nonprofit corporation that manages a townhome community in Paradise Valley, AZ. It establishes the legal structure of the association, defines membership for property owners, and outlines the board's powers, but does not contain the detailed community rules (CC&Rs, Bylaws). The reader is a homeowner or resident who needs to understand the association's governing framework.

• What the document is: These are the articles of incorporation for the association, a foundational legal document that creates the nonprofit corporation and defines its basic structure and powers, but not the specific restrictions or rules applicable to residents.
• Membership & voting: Owners of lots in the community are automatically members. Each owner has voting rights as defined in the declaration. The board can suspend privileges for misconduct, violation of community documents, or nonpayment of assessments.
• Board of Directors: The board consists of 3 to 7 members, all must be members. Directors serve staggered 3-year terms, with elections at least 30 days before fiscal year end. Vacancies are filled by the remaining directors.
• Assessments: The association can levy annual and other assessments against each lot owner, with amounts and procedures set in the recorded declaration. Assessments are used to fund operations and objectives of the corporation.
• Amendments: These articles may be amended by the board to the full extent permitted by law, or by a majority vote of members at a meeting called for that purpose.
• Indemnification & liability: The association may indemnify directors and officers for certain expenses. Members are not personally liable for the debts of the corporation.
• What this document doesn't cover: Specific use restrictions (e.g., pets, parking, leasing, architectural standards) are not included here; they would be in the community's CC&Rs and Bylaws, which are referenced but not provided. This document also does not address fee amounts, rental rules, or amenity details.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.