Camelback Esplanade

Key facts from Camelback Esplanade's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (named "The Camelback Esplanade Association"), with provision for creating condominium units (Article I, definition of "Association" ()

Developer / declarant

Southeast 24th and Camelback Limited Partnership, an Arizona limited partnership (Opening paragraph)

Governing law

Arizona Revised Statutes (A.R.S.) Section 33-801 et seq. (reference in definition of Owner for trust deeds) (Article I, definition of "Owner" (Gg))

Assessments & dues

Not fixed; Board determines amount in its sole discretion, must be commercially reasonable (Article V, Section 5.03)

Special assessments

May be levied for reconstruction, repair, replacement of Common Areas beyond Annual Assessment, or extraordinary expenses. If for improvements not contemplated by Development Plan and exceeding $100,000, requires 2/3 vote of Owners (excludi (Article V, Section 5.04)

Collections & liens

Assessment Lien on the Parcel; personal obligation of Owner. Foreclosure requires 30 days after certified/registered Notice of Claim of Lien to Owner and recording. Foreclosure sale per Arizona realty mortgage law. Association may bid at sa (Article V, Section 5.01; Article VI, Sec)

Reserves & fees

Annual budget shall contain reserves for contingencies and replacement of capital improvements (Article VIII, Section 8.02)

Leasing & rentals

Allowed; Residential Condominium Units and Rental Business Space contemplated; Association may enforce office and retail rules on request (Article I, definitions of "Rental Busine)

Parking & vehicles

Parking Areas defined; Association hires independent parking operator; parking revenues and expenses allocated to Owners; Parking Assessments if expenses exceed revenues. Common Area Rules may regulate parking within Parking Areas. (Article X, Sections 10.01-10.05; Article)

Architectural approval

Yes, approval of plans required per Article XII, Section 12.01 (specifics not fully visible) (Article XII, Section 12.01 (from index a)

Signs & flags

Association may place Signs on Common Areas not in Hotel Maintenance Area for proper identification and regulation; not specified for individual owners (Article VII, Section 7.01(b))

Maintenance

Owner of building is responsible (maintain interior and exterior of all buildings) (Article VII, Section 7.03)

Insurance

Association maintains liability insurance on Common Areas (not in Hotel Maintenance Area). Minimum limits: $2,000,000 per person injured/killed, $500,000 property damage, $5,000,000 per incident for injury/death (Article VIII, Section 8.03)

Use restrictions

No; mixed-use: office, commercial retail, hotel, restaurant, nightclub, bar, and residential uses (subject to residential condominium development) (Recitals (B) and Article XI, Section 11.)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – 1 vote per Membership; Class B (Declarant) – 3 votes per Class A vote plus 5 additional votes while Declarant owns ≥25% of permitted Gross Building Area. Later converts to Class A if thre (Article IV, Section 4.03)

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