Valencia II

Key facts from Valencia II's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned residential neighborhood of single family detached residences, common areas and other facilities (Recital B)

Legal name

Valencia II Community Association (Recital E, Section 1.11)

Developer / declarant

T.W. Lewis Company, an Arizona corporation (First paragraph and Section 1.22)

Governing law

Arizona Revised Statutes (references to A.R.S. §33-1803(B) and A.R.S. §33-1803(A)) (Section 3.5 (fines) and Section 5.2(C)(i)

Assessments & dues

Maximum Annual Assessment initially $1,500 per Lot per year ($125 per month) until January 1 following first Lot sale to Purchaser (Section 5.2(C)(i))

Special assessments

May be levied with approval of 2/3 of votes entitled to be cast by Members voting in person or by proxy at a duly called meeting (Section 5.5)

Collections & liens

Assessment Lien attaches upon recording of Declaration; includes assessments, interest, late fees, fines, attorneys’ fees, and other amounts. Lien has priority over all except tax liens, governmental assessments, first mortgage liens, and l (Sections 5.1, 5.9(B), (C), (E))

Reserves & fees

Association shall establish replacement and maintenance reserves as part of Annual Budget; Working Capital Fund may also be used for reserves (Section 5.2(A), Section 5.13)

Leasing & rentals

Leasing of a Dwelling Unit permitted only upon compliance with express provisions of this Declaration (see Section 11.13), Articles, Bylaws, Association Rules and Architectural Rules. (Section 6.3)

Parking & vehicles

Commercial Vehicles and Recreational Vehicles must be parked in designated Side Yard Parking Area (with ARC approval). Personal Vehicles defined but parking restrictions not explicitly stated in this declaration; likely governed by Associat (Section 1.45 (Side Yard Parking Area), d)

Fences

Perimeter Walls and Boundary Fences must be constructed of same materials as original Dwelling Units; accent panels/decorative trim require prior written ARC approval. Cost of Boundary Fence shared equally between adjacent Lot Owners; arbit (Sections 6.9, 6.10)

Architectural approval

Prior written approval of Architectural Committee required for any construction, alteration, exterior change (including landscaping) on any Lot, except work by Declarant. All additions, changes to color scheme, etc. require approval. (Section 6.4)

Solar & roof

Solar panels require prior written ARC approval; ARC may specify size, type, and location. (Section 6.13)

Home business

Business activity within a Lot allowed if (a) not apparent from exterior by sight, sound, or smell; (b) conforms to zoning; (c) consistent with residential character; (d) not a nuisance or hazardous, including excessive traffic or parking a (Section 6.3)

Setbacks / home size

Minimum livable square footage of any Dwelling Unit: 2,350 square feet, excluding garage, porches, guest house, and patios. (Section 6.7)

Insurance

Association shall obtain and maintain liability insurance (other property insurance not explicitly required in this excerpt). (Section 3.2(E) (references to liability )

Use restrictions

All Lots used, improved, and devoted exclusively to residential use; each Dwelling Unit occupied only by a Single Family. (Section 6.2)

Voting & meetings

Class A (Owners other than Declarant): 1 vote per Lot; Class B (Declarant): 10 votes per Lot until conversion to Class A. Voting suspended if arrears >15 days or non-monetary default >15 days after notice. (Sections 4.3, 4.4, 4.9)

Amendments

Not detailed in provided text; but Section 3.4 states that section cannot be modified or amended without 3/4 vote. General amendment procedure likely in other sections or Bylaws. (Section 3.4 (last sentence))

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