Vistancia Commercial Core

Key facts from Vistancia Commercial Core's documents

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

Community type

Non-Residential Declaration (commercial, multi-family residential, or industrial use) (Recital C)

Developer / declarant

Vistancia Commercial LLC, an Arizona limited liability company (Opening paragraph)

Assessments & dues

Board adopts budget at least 30 days before Assessment Period; Regular Assessment per Parcel = (total budget amount) × (Memberships for that Parcel / total Memberships for all Assessable Parcels) (Section 6.2(a),(b))

Special assessments

Allowed; defined as any assessment levied and assessed pursuant to Section 6.3 (not fully shown) (Article 1 Definition of 'Special Assessm)

Collections & liens

Each Assessment creates a lien (Association Lien) and personal obligation; personal obligation does not pass to successors unless expressly assumed; no exemption for non-use or abandonment (Section 6.1)

Reserves & fees

Budget includes any contribution to a reserve fund (Section 6.2(a))

Architectural approval

No Construction or Modification without prior written approval of Board of Directors (except work by Declarant or Declarant Affiliate) (Section 3.1(b))

Signs & flags

Section 8.8 mentioned but not provided; Declarant may install marketing and promotional signs (Section 4.2(b)) (Section 4.2(b) and Table of Contents)

Voting & meetings

Two classes: Class A (Owners except Declarant) – one vote per Membership (Membership = 1 per gross acre, min 1 per Parcel); Class B (Declarant and Affiliates) – three votes per Membership (Section 5.3, 5.4)

Amendments

For Supplemental Declarations: requires 67% of votes of Owners of affected Parcels, plus Association, plus Declarant if owns any Parcel (Section 2.2(b)). Main Declaration amendment in Section 10.3 not fully shown. (Section 2.2(b) and Table of Contents for)

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