Kb Home at Ray Ranch

Key facts from Kb Home at Ray Ranch's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Recitals B, page 6: 'form an Arizona non)

Legal name

Ray Ranch Community Association (Section 2)

Developer / declarant

KB HOME Phoenix Inc. (Signature: KB HOME PHOENIX INC., an Ariz)

Governing law

Arizona Revised Statutes (references to A.R.S. § 33-1803, A.R.S. § 10-3202, A.R.S. § 10-3833) (Sections 5.22, 8.1, 8.2, 8.6, 4.4)

Assessments & dues

Maximum $55 per month per Lot for fiscal year ending December 31, 2001. (Section 8.6, page 22)

Special assessments

Allowed for capital improvements or extraordinary expenses; requires approval of two-thirds of votes of each class of Members present and voting. (Section 8.7, page 23)

Collections & liens

Lien on each Lot securing all assessments; prior to all liens except taxes and first mortgage. Association may foreclose, including pursuit of deficiency judgment. (Section 8.2, page 20-21)

Reserves & fees

Association may maintain reserves for future expenditures (capital, operations, etc.). (Section 9.1, page 24)

Pets

Only generally recognized house pets, reasonable number as determined by Board, kept as domestic pets, not commercial. (Section 5.2, page 12)

Leasing & rentals

Owner may lease entire Lot subject to Declaration. (Section 5.14, page 15)

Parking & vehicles

No motor vehicles not in operating condition may be parked in unenclosed parking areas (including driveways). (Section 5.12, page 15)

Fences

On corner lots, no fence, hedge, shrub obstructing sight lines between 2 and 6 feet above street within triangular area (25 ft from intersection). No tree unless foliage maintained high enough. (Section 5.13, page 15)

Architectural approval

Any Improvement or landscaping visible from Neighboring Property requires prior Committee approval; Committee may grant variances. (Section 4.1, 4.2, 5.7, page 11-12, 13)

Solar & roof

Allowed with prior Committee approval, must not be visible from Neighboring Property or must be reasonably screened. (Section 5.9, page 13-14)

Signs & flags

Only: (a) signs required by legal proceedings; (b) two address signs (max 72 sq. in. each); (c) one "for sale"/"for lease" sign (max 5 sq. ft.); (d) Declarant's construction/sales signs. (Section 5.16, page 16)

Use restrictions

No gainful occupation, profession, business, trade except limited home businesses meeting conditions (not apparent, no solicitation, no customer parking, etc.). (Section 5.1, page 12)

Voting & meetings

Class A Members (all Owners except Declarant/Designated Builders): one vote per Lot. Class B Member(s) (Declarant and each Designated Builder): three votes per Lot owned. (Section 7.2)

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