The Legacy on Thunderbird

Key facts from The Legacy on Thunderbird's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial Owners Association (Section 3.0: 'commercial use as legally )

Units / lots

2 (Lot 1B and Lot 1C per Minor Land Division Map) (Exhibit A and Map references (Book 1557,)

Developer / declarant

T-BIRD 67, LLC, an Arizona limited liability company (Preamble)

Governing law

Arizona Revised Statutes (references to A.R.S. § 33-741 et seq., A.R.S. § 33-801 et seq.) (Article 1, Section 1.22)

Assessments & dues

$0.12 per square foot of Parcel (Section 6.2.1)

Special assessments

May be levied with assent of majority of votes entitled to be cast by Members voting in person or by proxy at a meeting; also by 51% of votes attending a meeting (Section 6.2.2)

Collections & liens

Assessment Lien created; priority except tax liens, municipal assessments, first mortgage, and other priority liens; Association may foreclose as for a realty mortgage (Sections 6.1, 6.5.1, 6.5.3)

Reserves & fees

Regular assessments include reserves; surplus may be carried forward (Section 6.2 (regular assessments for res)

Leasing & rentals

Leasing is implicitly allowed (definition of Lessee in 1.19); no explicit restrictions on leasing (Section 1.19 and other references to Les)

Parking & vehicles

Parking only on on-site paved parking spaces; vehicles must fit within painted lines; only Owner, Lessee, or Invitees may park on respective Parcel; Board may adopt additional rules (Section 3.7)

Architectural approval

Prior written consent of Board required for any structural additions, alterations, or improvements visible from exterior of Commercial Building; Board must find aesthetically pleasing and in harmony (Section 3.3(A))

Signs & flags

No signs on exterior except as permitted by City of Glendale and approved by Board of Directors (Section 3.9)

Maintenance

Association maintains Areas of Association Responsibility (common elements); Owner maintains Parcel and all improvements on it (including buildings, landscaping); Owner also responsible for damage to common elements caused by Owner (Sections 7.1, 7.2, 7.3)

Insurance

Comprehensive general liability insurance ($1,000,000 minimum), property insurance (100% replacement cost), workers compensation, and other insurance as determined by Board (Section 8.1)

Use restrictions

No nuisance permitted; no activity offensive or detrimental to any portion of Property or any Owner, Lessee, or Invitee (Section 3.11)

Voting & meetings

Class A (owners, one vote per square footage of parcel) and Class B (Declarant, 5 votes per parcel until conversion to Class A) (Section 5.7)

Amendments

Amendment requires written approval or affirmative vote of Owners of not less than 75% of Parcels and, to extent required, Declarant; Declarant (or thereafter Board) may amend without consent to conform to government requirements or correct (Sections 9.3.1, 9.3.2, 9.3.4)

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