Lago Estancia

Key facts from Lago Estancia's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned residential community with lakes, parks, recreational areas, open spaces, walkways, and commercial/office development areas (Recitals paragraph B)

Legal name

Lago Estancia Community Association, Inc. (Section 1.6, Page 2)

Developer / declarant

Beauty Built Homes, Inc., a Michigan corporation (Opening paragraph before Recitals)

Governing law

Arizona Revised Statutes (references to §33-7411(2), §33-801 et seq., §33-741(2)) (Sections 1.27, 1.29, 4.2(z))

Assessments & dues

Maximum Annual Assessment initially $264 per membership until January 1, 1991 (Section 7.4(a))

Special assessments

Permitted; defined in Section 1.39, authorized under Section 7.5, subject to notice and quorum under Section 7.6 (Sections 1.39, 7.5, 7.6)

Collections & liens

Annual Assessments, Special Assessments, and Maintenance Charges constitute a continuing lien upon each Lot or Parcel; personal obligation of owner; enforcement under Article VIII (Section 7.1)

Reserves & fees

Not explicitly required; Section 9.3 allows surplus funds from year to year (Section 9.3)

Pets

Yes, generally recognized house or yard pets as domestic pets, not for commercial purposes (Section 4.2(b))

Leasing & rentals

Yes, entire Dwelling Unit on a Lot may be let to a Single Family Tenant, subject to Declaration, applicable Tract Declaration, and Association Rules (Section 4.3(b) (for Single Family), Sect)

Parking & vehicles

On-street parking eliminated as much as possible; vehicles kept in garages, carports, residential driveways, designated parking areas; no parking on collector streets; temporary parking for unloading limited to 4 consecutive hours or 8 tota (Section 4.2(t))

Fences

Requires prior Architectural Control Committee approval for any fence (included in 'fence, exterior wall' under Section 4.2(a)) (Section 4.2(a), Page 10)

Architectural approval

Architectural Control Committee approval required for any improvements, alterations, repairs, excavation, grading, landscaping that alters exterior appearance, and for any building, fence, wall, or structure (Section 4.2(a), Article XI)

Home business

Permitted within Dwelling Unit if not apparent from exterior, conforms to zoning, does not increase Association insurance, consistent with residential character (Section 4.2(z))

Signs & flags

No signs visible from neighboring property except: signs required by legal proceedings, maximum two identification signs for Dwelling Units (each ≤22 sq in), and other signs (including 'for sale', builder signs) approved in writing by Archi (Section 4.2(m))

Use restrictions

No; multiple land use classifications including Single Family Residential, Residential Apartment Development, Residential Condominium Development, Cluster Residential, Commercial Office, Shopping Center, General Commercial, Commercial/Insti (Section 4.1)

Voting & meetings

Two classes: Class A (all except Declarant) one vote per membership; Class B (Declarant) three votes per membership, deemed 3,900 memberships less Class A outstanding. Class B converts to Class A upon earlier of Class A votes equal Class B (Section 6.3)

Amendments

Two-thirds (2/3) vote of each class of Members; while Class B Member exists, prior written consent of Class B Member required (Article XIII (index, Section 13.2), Page)

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