Festival by Shea Homes

Key facts from Festival by Shea Homes's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single Family Residential Planned Community (Section 1.29 (Single Family Residential )

Legal name

Festival Homeowners Association (Section 1.7)

Units / lots

Not explicitly stated; cumulative lots annexed not to exceed 250 (Section 2.2(H)) (Section 2.2(H))

Developer / declarant

Shea Homes Limited Partnership, a California limited partnership (Preamble)

Governing law

Arizona Revised Statutes (Section 33-801 et seq. referenced for trust ownership) (Section 1.22)

Assessments & dues

Maximum annual assessment initially $250 per Lot until January 1 after first lot conveyance; then increases by greater of 5% or CPI-U increase (Section 4.3(I))

Special assessments

Allowed for capital improvements or other lawful purposes, requires 2/3 vote of Members present at meeting (Section 4.4)

Collections & liens

Assessment Lien subordinated to First Mortgage; foreclosure may extinguish prior delinquencies; Association may foreclose like a mortgage (Section 4.8(D), 4.9)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of common area improvements (Section 4.11)

Pets

Reasonable number of generally recognized house or yard pets as domestic pets, not for commercial purposes (Section 5.2)

Leasing & rentals

Yes, but entire Lot only, minimum 30 days; lease must be in writing and subject to Project Documents (Section 5.28)

Parking & vehicles

Motor vehicles not exceeding 222" length, 75" height, 84" width allowed; guest/invitee vehicles allowed up to 7 days per 6 months; no construction/reconstruction on lot except emergency; no inoperable/unsightly vehicles (Section 5.7)

Fences

Walls (other than common walls) maintained by Owner; boundary walls between Lot and Common Area: Owner maintains, Association maintains Common Area side; Project Boundary Walls maintained by Association. No structure visible from neighborin (Section 5.22, 5.20(C))

Architectural approval

Yes, for all improvements altering exterior appearance, including fences, walls, additions, alterations, color schemes, antennas, etc. (Section 5.20(C), (D), 5.3, 5.26)

Solar & roof

Solar energy collecting unit/panels require ARC approval, except initially installed by Declarant (Section 5.26)

Home business

Prohibited: 'No gainful occupation, profession, trade or other nonresidential use' (Section 5.1)

Signs & flags

Permitted: one residential ID sign ≤72 sq in, signs required by legal proceedings, one 'for sale'/'for rent' sign ≤5 sq ft placed at least 15 ft from back of curb (Section 5.16)

Setbacks / home size

Not explicitly quantified; but drainage easement and utility easement restrictions imply setbacks. (Section 5.27, 5.4)

Maintenance

Not specifically mentioned; likely Owner responsibility as part of Lot maintenance (Section 7.2)

Use restrictions

Lots used exclusively for Single Family Residential Use; no gainful occupation or nonresidential use (Section 5.1)

Voting & meetings

Class A: each Owner one vote per Lot; Class B: Declarant three votes per Lot until conversion (Section 3.7)

Amendments

May be amended as provided in Section 10.4 (but full text not in excerpt) (Table of Contents for Article 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.