Goldmine Mountain

What Goldmine Mountain's governing documents say

This document is the Declaration of Covenants, Conditions and Restrictions for Goldmine Mountain, a planned single-family home community in San Tan Valley, AZ. It establishes a homeowners association (Goldmine Mountain Property Owners Association) and sets rules for lot owners, including assessments, common area use, architectural control, and insurance. A separate recorded document also subjects all lots to a groundwater replenishment assessment by the Central Arizona Water Conservation District.

• Groundwater replenishment assessment: A separate declaration requires every lot to pay an annual replenishment assessment to the Central Arizona Water Conservation District (CAWCD) based on water use. This assessment is a continuing lien on the lot, and nonpayment allows CAWCD to foreclose.
• Association membership & voting: Each lot owner automatically becomes a member of the Association. There are two classes: Class A (all owners except Declarant/Designated Builder) with one vote per lot, and Class B (Declarant/Designated Builder) with three votes per lot owned. Class B votes convert to Class A upon sale or after five years, whichever comes first.
• Common expenses & assessments: Owners pay a proportionate share of Common Expenses (maintenance, insurance, utilities, reserves) based on their lot’s fractional interest. The initial maximum annual assessment is $900. After the first year, the Board can increase it up to 10% or the CPI change, whichever is greater, without owner approval, subject to higher limits if approved by a majority vote. Special assessments require two-thirds of each class to vote affirmatively.
• Use of common areas: Owners and their occupants, guests, and tenants have a non-exclusive right to use the Common Areas for access and recreation. The Association may suspend use for up to 30 days for rule violations (or longer if infraction continues) and may also suspend voting rights for unpaid assessments.
• Architectural review: An Architectural Committee (formed by the Association) controls all improvements on lots, including buildings, fences, landscaping, and other structures. No improvement may be made without prior written approval.
• Insurance: The Association must carry multi-peril property insurance on common areas (100% replacement cost), liability insurance ($1,000,000 per occurrence), boiler insurance (if applicable), and fidelity bonds. Owners must insure their own dwelling contents and personal liability.
• What this document doesn't cover: The text is truncated and missing later sections (e.g., use restrictions, pet rules, parking, leasing). No specific age restrictions, rental minimums, or architectural standards beyond general approval are stated. The first recorded document regarding groundwater replenishment is the only additional covenant identified.

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.