Palomino Pointe

Key facts from Palomino Pointe's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned unit development (Recitals: "planned unit development")

Legal name

Palomino Pointe Association (an Arizona non-profit corporation) (Preamble and signature blocks)

Units / lots

Not explicitly stated; property described as Greenway Manor subdivision (Recitals: "Greenway Manor, a subdivision)

Developer / declarant

Bliven Investments LLC, an Arizona limited liability company (Preamble)

Governing law

Arizona Revised Statutes (A.R.S.) (Section 1.24 references A.R.S. Section 3)

Assessments & dues

For fiscal year ending Dec 31, 2005: $100 per month ($1,200 per year) per Condominium Unit or Single Family Residence (Section 7.4)

Special assessments

Authorized by two-thirds Board vote and ratified by two-thirds of each class of members at a meeting (Section 7.5)

Collections & liens

Automatic lien for unpaid assessments; may be foreclosed by court action or private power of sale per Arizona law. Subordinate to first mortgage. Association may purchase at sale. (Section 7.8.2, 7.9)

Reserves & fees

Board shall maintain adequate reserve fund for maintenance, repairs, and replacement of Common Area elements that must be replaced periodically (Section 7.3.4)

Pets

Yes, limited to commonly accepted household pets such as dog, cat, bird, and fish in reasonable numbers (Section 3.11)

Leasing & rentals

Yes, Lots and Single Family Residences may be leased or rented provided lease is in writing and subject to Declaration, Articles, Bylaws (Section 3.1)

Parking & vehicles

Sufficient parking space to accommodate at least one automobile for each separate four-plex dwelling within a Lot; each Owner has right to use for at least one automobile (Section 3.3)

Fences

No walls or fences constructed except by Declarant unless previously approved by Board (Section 3.6)

Architectural approval

Yes, prior written approval of Board required for any structures, improvements, additions, changes, alterations, repairs, painting, landscaping, excavation or other work that affects exterior appearance (Section 3.9, Section 8)

Solar & roof

Not specifically addressed

Home business

Prohibited (no gainful occupation, profession, trade, business) (Section 3.1)

Signs & flags

No advertising sign, billboard or display permitted except notices of uniform size on a master sign board at location determined by Board (Section 3.5)

Setbacks / home size

Each Single Family Residence within a Lot shall have a minimum enclosed floor area of 800 square feet excluding carports, storage rooms (Section 3.1)

Maintenance

Not explicitly stated; likely Owner responsibility (exterior of Lot) (Section 6.1 (Owner responsible for exter)

Insurance

Association shall maintain casualty and hazard insurance on Common Area for full 100% insurable replacement cost; flood insurance if applicable; public liability insurance minimum $1,000,000 per occurrence (Section 11.2, 11.3, 11.4)

Use restrictions

Yes; each Lot and Condominium Unit shall be used exclusively for first class residential use; no gainful occupation, profession, trade, business, religion or other non-residential use permitted (Section 3.1)

Voting & meetings

Two classes: Class A (each Owner gets 1 vote per Condominium Unit or Single Family Residence, max 4 per Lot); Class B (Declarant gets 3 votes per Unit, max 12 per Lot). Class B ceases when Class A votes exceed Class B or 10 years after reco (Section 5.6)

Amendments

Requires written approval of at least 75% of Owners; voting rights of delinquent Owners may be suspended under Art 9 Sec 9.1.1 when determining eligible voters (Recital D)

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