La Mariposa Villas III

Key facts from La Mariposa Villas III's documents

Community type

Homeowners’ Association (non-profit corporation) as of 2014 (Section 1.3, page 5)

Legal name

Mariposa III, Inc. Owners Association as of 1981 (Title of document)

Developer / declarant

First Financial Capital Management Corporation, a Minnesota corporation doing business as First Management Corporation as of 2014 (Recitals, page 5)

Governing law

Arizona Nonprofit Corporation Act (A.R.S. § 10-3101 et seq.) as of 2014 (Section 3.8, page 11)

Assessments & dues

Determined annually by Board based on budget; not a fixed dollar amount. as of 2014 (Section 4.3, page 13)

Special assessments

Requires assent of 2/3 of votes of Members voting in person or by absentee ballot at a meeting duly called. as of 2014 (Section 4.4, page 14)

Collections & liens

Assessments become a continuing lien on the Lot from the date levied; may be foreclosed as a realty mortgage. Association may record notice of lien. as of 2014 (Section 4.1, Section 4.10.B, Section 4.1)

Reserves & fees

Annual budget must include reserves. Reserve fund contribution fee (2 months’ assessment) collected on each transfer and held in segregated account. as of 2014 (Section 4.3.A, Section 4.7, pages 13, 15)

Pets

Yes – dogs, cats, and other commonly accepted household pets. No commercial breeding. Pets must be restrained (fence, cage, or leash). No trespass or nuisance. Board may determine reasonableness and require removal. as of 2014 (Section 7.6, page 22)

Leasing & rentals

Section 7.17 listed in Table of Contents; actual text not provided in OCR. Unable to extract specifics. as of 2014 (Table of Contents, page 4)

Parking & vehicles

No Commercial Vehicle, mobile home, motor home, boat, RV, ATV, dune buggy, go kart, trailer, camper, etc. may be parked visible from neighboring property without prior written Board approval. Passenger vehicles may be parked in driveways if as of 2014 (Section 7.5, pages 22–23)

Architectural approval

Architectural approval required per Article VIII. as of 2014 (Section 8.1, page 21 (from TOC); actual )

Solar & roof

Board may adopt a required color scheme for exteriors of Dwelling Units. as of 2014 (Section 6.2.A, page 18)

Home business

Permitted if not detectable by sight, sound, or smell from outside the Lot; conforms to zoning; no door-to-door solicitation; consistent with residential character; no advertising signs. as of 2014 (Section 7.1, page 21)

Signs & flags

No signs except one nameplate/address plate up to 9”x30”, signs approved in writing by Board or per Rules, and signs required by law or legal proceedings. as of 2014 (Section 7.2, page 21)

Setbacks / home size

1425 square feet as of 2014 (Section 7.1, page 21)

Insurance

Liability: $1,000,000 per person, $2,000,000 per occurrence. Casualty: 100% replacement cost on Common Area insurable property. as of 2014 (Section 5.1.A and 5.1.B, page 16)

Use restrictions

Lots shall be used only for Single Family residential and related purposes. No more than one Dwelling Unit per Lot. Minimum 1425 square feet. as of 2014 (Section 7.1, page 21)

Voting & meetings

One vote per Lot owned. Multiple owners must determine vote; if conflict, vote not counted. as of 2014 (Section 3.5, page 10)

Amendments

This amendment was executed by Mariposa III, Inc. (Declarant) and attested by the Association Secretary. Notarization performed. The amendment changes one section only. as of 1981 (Execution and notary blocks)

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