Silverstone at Pinnacle Peak

Key facts from Silverstone at Pinnacle Peak's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Silverstone Property Owners Association (Section 1.10)

Developer / declarant

SILVERSTONE DEVELOPMENT, INC., an Arizona corporation (Preamble (first page of main text))

Governing law

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

Age restriction

Continuing Care Retirement Community (CCRC) exclusive to Parcel H; residents mostly 60+ years. Residential Subdivisions may be age-restricted to 55+. No other age restrictions in excerpt. (Sections 1.19, 4.5, 4.5.3(a))

Special assessments

Special Assessment allowed for capital improvements and extraordinary expenses per Section 7.5. (Section 7.5)

Collections & liens

Assessment Lien created and imposed by Article 7; Association has remedies to enforce payment including lien foreclosure. Subordination to first mortgages per Section 8.2. (Sections 1.8, Article 7, Section 8.1, 8.)

Signs & flags

Allowed: US, Arizona, Armed Forces, POW/MIA, Arizona Indian Nation flag, displayed on pole attached to structure, pole no higher than top of structure, max 10 ft length, flag max 24 sq ft, lighting must comply, maintained in good condition. (Section 4.2.8)

Maintenance

Association maintains Common Areas and other areas as per Article 10. Owners responsible for Lots and Parcels. If Owner fails to maintain, Association may enter and charge. (Sections 10.1, 10.2, 10.3, 10.4)

Use restrictions

Lots primarily residential; some mixed-use and commercial allowed (office, retail, CCRC). Specific prohibited uses listed in Section 4.4. (Recital C, Section 4.4)

Voting & meetings

Voting rights per Membership; suspension of voting rights possible for delinquent assessments or rule violations. Detailed voting procedures in Article 6 (not fully provided). (Sections 6.2, 6.3, 6.4 (Table of Content)

Amendments

Amendment of Declaration and Tract Declarations per Section 13.2; Amendment of Articles and Bylaws per Section 13.3. Also right of amendment if requested by governmental agency or lenders per Section 13.4. (Sections 13.2, 13.3, 13.4 (Table of Cont)

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