Tonto Verde

Key facts from Tonto Verde's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Tonto Verde Unit Nine Community Association

Developer / declarant

Rio Verde Services, Inc.

Assessments & dues

For first fiscal year: $900 per Improved Lot, $300 per Developed Lot (one-third of Base Assessment) (Section 6.3.2)

Special assessments

After Transition Date, for capital improvements not covered by reconstruction assessments; cannot exceed 5% of estimated annual Common Expenses without 2/3 vote of members voting (Section 6.3.3)

Collections & liens

Unpaid assessments with interest, late charges, attorney's fees constitute a continuing lien on the Lot, personally obligated, foreclosable as realty mortgages in Arizona (Sections 6.1, 6.12)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Areas and exterior painting (Section 6.9)

Architectural approval

Design Review Committee shall inspect within 30 days of request from Owner (Section 10.6)

Maintenance

Owner: within Lot, except exterior painting; Association: Common Areas (maintenance, repair, replacement as Common Expense) (Sections 9.1, 9.2)

Insurance

Association obtains fire, casualty, liability, workmen's compensation, and other insurance covering Common Areas and Association (Section 1.8(e))

Voting & meetings

One vote per Membership (Lot); votes must be cast as a unit; fractional votes not allowed; suspension for violations possible (Section 5.2)

Amendments

By instrument approved by majority of Board then two-thirds of all Members (excluding Developer); or written consent of two-thirds; Developer may amend unilaterally until Transition Date except certain sections; requires recording (Sections 16.1, 16.5)

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