Fountain Hills, Arizona, Amended Final

What Fountain Hills, Arizona, Amended Final's governing documents say

This is a commercial property covenant for Fountain Hills Final Plat No. 208, a C-2 Intermediate Commercial subdivision in Scottsdale, AZ (1972). It binds commercial lot owners, not residential tenants. An association (non-profit corporation) is created to maintain common areas, levy assessments, and enforce architectural standards.

• Property use: All lots are designated C-2 Intermediate Commercial and must be improved, used, and occupied in accordance with C-2 Land Use Regulations. Lot coverage may be up to 100% subject to easements, setbacks, and architectural committee approval.
• Association & Common Areas: The Declarant will convey common areas (Parcels A through I) to a non-profit Association within 5 years after plat recordation. These parcels are for ingress, egress, parking, landscaping, and greenbelt, used in common by all lot owners. Owners are members of the Association and have easements of enjoyment in the common properties, subject to suspension for non-payment of assessments or rule violations.
• Assessments: Annual assessments commence January 1, 1976. Rates: $0.40 per 100 sq ft for lots fronting Saguaro Blvd or Avenue of the Fountain, $0.25 per 100 sq ft for other lots. Minimum $30/year, maximum $1,200/year for the first 3 years. Special assessments (up to 25% of annual assessment) may be levied with 2/3 member vote. Assessments are a continuing lien on the lot and personal obligation of the owner at the time due.
• Architectural Review: A Committee of Architecture (5 persons, at least one Maricopa County resident) is appointed by Declarant for 20 years, then elected by lot owners. It enforces high architectural and construction standards, approves improvements, and may adopt rules. The committee also determines compliance with the declaration's conditions.
• Duration & Amendment: The conditions and covenants run with the land until January 1, 1992, and automatically extend for successive 10-year periods unless a majority of lot owners vote to change them in whole or in part.
• What this document doesn't cover: This is a commercial declaration only. It does not address residential occupancy, leasing terms for residences, pets, age restrictions, or affordable housing. No rules for residential use are included.

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.