Gold Mountain Preserve

What Gold Mountain Preserve's governing documents say

Gold Mountain Preserve (Phoenix, AZ) is a standard single-family homeowner association (HOA) governed by a Declaration of Covenants, Conditions and Restrictions (CC&Rs). The rules apply to all lot owners, residents, and lessees, and are enforced by the Gold Mountain Preserve Homeowners Association. Key features include an annual assessment (with a 20% increase cap without majority approval), a mandatory architectural review process, and association-maintained common areas.

• Assessments & fees: Annual assessments are levied equally on each lot (except those owned by Declarant during Class B membership). The annual assessment cannot be increased by more than 20% over the prior year without a majority member vote. Special assessments require a two-thirds vote of members. A working capital fee of 1/6 of the current annual assessment is due from each purchaser from Declarant. A transfer fee (amount set by the Board) is also due upon resale. Late payments incur interest (rate set by Board) and a late fee of up to $15 or 10% of the unpaid amount.
• Architectural review: No improvements (buildings, landscaping, fences, etc.) may be constructed, placed, or altered on a lot without prior written approval of the Architectural Committee. The Committee must approve or disapprove preliminary plans within 30 days of a complete submission; failure to respond in 30 days constitutes disapproval. The Declarant appoints the initial committee members for three-year terms, with the Board gaining appointment power after 90% of lots are sold or the fifth anniversary.
• Maintenance responsibilities: The Association is responsible for maintenance of common areas (including landscaping on Tracts A–G, private streets, and certain walls bordering public rights-of-way). Individual lot owners must maintain their lots, buildings, and landscaping, and keep them in good repair. If an owner fails to correct a violation (e.g., nuisance or appearance issue) after 14 days' notice, the Board may perform the work and charge the owner, with the cost secured by a lien.
• Insurance: The Association must carry comprehensive general liability insurance (minimum $1 million per occurrence, $3 million aggregate) and property insurance on all common areas at 100% replacement cost. Policies must include no-subrogation and severability-of-interest endorsements. Insurance proceeds from common-area damage are payable to the Association; repair or replacement is required unless 80% of members vote not to rebuild.
• Common area use: All owners, residents, and guests have an easement to use common areas, subject to Board rules and the Association's right to suspend use for delinquent assessments (over 15 days) or uncured violations. The Board may charge fees for recreational facilities and permit use by non-owners. Common areas cannot be conveyed or encumbered without a two-thirds vote of Class A members (and Class B consent while it exists).
• Voting & membership: Membership is automatically held by each lot owner (including Declarant). Class B (Declarant) gets 3 votes per lot; Class A gets 1 vote per lot. Class B membership ends when Class A votes equal Class B votes or Declarant relinquishes. Voting rights can be suspended for nonpayment of assessments or uncured violations. An owner must notify the Association within 10 days of purchase to vote.

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.