Hayden Plaza East

Key facts from Hayden Plaza East's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial/Industrial Property Owners Association (Original Declaration Art. I §1.4, Art. I)

Legal name

Hayden Plaza East II Property Owners’ Association (Original Declaration Art. I §1.4)

Units / lots

3 (Lots 1, 2, 3) (Recital B: 'Lots One, Two and Three'; Ex)

Developer / declarant

Hayden Plaza East II Limited Partnership and Mercado Del Rio Joint Venture (Original); HCC Investment, L.L.L.P. and V & C of Arizona, LLC (First Amendment) (Original Declaration first page; First A)

Governing law

Laws of State of Arizona (implied by choice of law) (First Amendment §14(a))

Assessments & dues

Determined by Board of Directors (original); First Amendment deletes Articles 1.8-1.16, so no longer applicable (Original Declaration Art. I §1.8; First )

Special assessments

Original Declaration allowed special assessments for capital improvements; deleted by First Amendment (Original Declaration Art. I §1.8(2); Fir)

Collections & liens

Assessments are a continuing lien on the property and personal obligation of owner; lien subordinate to prior recorded mortgages; foreclosure of mortgage extinguishes prior assessment liens but not future (Original Declaration Art. I §1.8)

Reserves & fees

Interest as above; no additional late fee mentioned (Original Declaration Art. I §1.8)

Parking & vehicles

HPE-SRP Agreement requires sufficient parking for new buildings; two-thirds or more must face front (main entrance) of new building (HPE-SRP Agreement §21(a))

Signs & flags

Original: Subject to approval (Art. V §5.1.6); First Amendment deletes Article V (Original Declaration Art. V §5.1.6; Firs)

Setbacks / home size

Original: Setbacks from street corners defined (Art. III); deleted by First Amendment (Original Declaration Art. III §3.4; Firs)

Voting & meetings

One vote per square foot owned; multiple owners of same portion decide among themselves or vote not counted (Original Declaration Art. I §1.5)

Amendments

Before 20 years: 75% of square footage; After 20 years: 60% of square footage; must be approved by City of Tempe (Original Declaration Art. I §1.3)

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