Three Fountains Plaza
A commercial owners' association (office, retail, industrial, or business-park units) — not a residential community.
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What Three Fountains Plaza's governing documents say
Three Fountains Plaza is a commercial/planned development in Phoenix, AZ, governed by a Declaration of Covenants, Conditions, and Restrictions. This document is a 2006 amendment to that declaration, primarily reconfiguring parcels and adjusting ownership percentages among the developer entities. It does not contain typical residential rules for homeowners or tenants.
- Parcel reconfiguration & ownership shares: The amendment splits Parcels 5 and 7 into Parcels 1 and 2, with new legal descriptions. Ownership shares for voting and assessments are set at 25.6% for Parcel 1 and 21.4% for Parcel 2.
- Governance and amendment process: The association is now defined as a partnership (not a nonprofit corporation). Amendments to the declaration require approval by 75% of all votes, except changes to the site plan that affect architectural integrity or parking require more than 50% approval.
- Signage easements: The existing monument sign is allocated: the top portion for Parcel 6 (Bally's), the middle for Parcel 6, and the lower remainder for Parcel 1. Parcel 6 grants an easement to Parcel 1 to access the sign for maintenance.
- Reciprocal easements: Perpetual, nonexclusive easements for pedestrian/vehicular ingress/egress and parking are granted between Parcels 1 and 2, as shown on the site plan, but cannot interfere with business use.
- What this document doesn’t cover: This amendment does not contain rules for individual unit owners or tenants, such as pet limits, lease terms, fees, age restrictions, or architectural review. It is a legal document between the developer entities and does not outline day-to-day living requirements.
Key facts from Three Fountains Plaza's documents
- Community type
- commercial (retail, office, and commercial center) as of 1990 (Recital C of Declaration)
- Legal name
- Three Fountains (Mesa) Owners Association (original); later Three Fountains Association (amendment) as of 1990 (Section 1.1 and Recital B of Amendment)
- Developer / declarant
- Lincoln Property Company No. 2120 Limited Partnership as of 2006 (Recital A)
- Governing law
- Arizona Revised Statutes, Section 33-801 et seq. (referenced for trust deeds) as of 1990 (Section 1.14 of Declaration)
- Assessments & dues
- Not fixed; determined by Board based on operating budget and Percentage Shares. as of 1990 (Section 4.3)
- Special assessments
- May be levied for capital improvements with assent of two-thirds of votes of members. as of 1990 (Section 4.4)
- Collections & liens
- Unpaid assessments constitute a lien on the Parcel; Association may foreclose in manner of realty mortgages or deeds of trust after notice and recording. as of 1990 (Sections 5.1, 5.2, 5.3)
- Reserves & fees
- Reasonable late charge as determined by Board for assessments not paid within 15 days of due date. as of 1990 (Section 5.1)
- Parking & vehicles
- Minimum Number of Parking Spaces: greater of 500 spaces or 5 spaces per 1,000 square feet of total leasable floor area. Reciprocal parking easements among Parcels. as of 1990 (Sections 1.10, 3.3)
- Architectural approval
- Yes, for any building, fence, wall, sign, exterior addition/alteration, interior decorations visible from outside, landscaping planting/removal, etc. as of 1990 (Section 6.1)
- Signs & flags
- No sign shall be constructed, erected, or maintained without prior written approval of Architectural Review Committee. as of 1990 (Section 6.1)
- Voting & meetings
- Class A: one vote per percent of Percentage Share; Class B (Declarant): four times Percentage Share. Class B converts to Class A three years after recordation or earlier upon sale of Parcel or termination of Purchase Money Mortgage. as of 1990 (Sections 2.3.1, 2.3.2)
About this HOA
Three Fountains Plaza is a homeowners association in Phoenix, AZ.
HOAproxy has 3 documents on file for Three Fountains Plaza: 2 amendments and 1 CC&R. Last updated 2026-07-18.