Picacho Village

What Picacho Village's governing documents say

This document is a supplemental covenant for Picacho Village (Picacho, AZ) that establishes membership in the Central Arizona Groundwater Replenishment District. It binds all current and future property owners to pay certain fees and assessments related to groundwater replenishment and creates liens on each parcel. It is not a full community rulebook; it only covers water-related financial obligations.

• Replenishment Assessment: Each parcel is subject to an annual Replenishment Assessment levied by CAWCD based on the Parcel Replenishment Obligation (the amount of excess groundwater used). This assessment becomes a lien on the property if unpaid.
• Replenishment Reserve Fee: A one-time fee required before a public report is issued authorizing sale or lease of subdivided land. It is based on projected annual excess groundwater demand and must be paid to CAWCD (or long-term storage credits may be assigned instead). This fee does not apply to Category 2 member land.
• Activation Fee: A fee set by CAWCD, equal to a per-unit fee multiplied by the total number of housing units in that portion of the property. It must be paid before the developer can obtain a public report to sell or lease subdivided lots.
• Lien & Personal Obligation: All unpaid Replenishment Assessments, Activation Fees, and Reserve Fees become a continuing lien on the parcel. They are also a personal obligation of the owner at the time the amount became due.
• What this document doesn't cover: This document does not contain typical homeowner or condominium rules such as pet restrictions, leasing terms, architectural guidelines, parking, or maintenance obligations. It only addresses groundwater replenishment fees and assessments.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.