Kimsey Condominium Association

Key facts from Kimsey Condominium Association's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals A)

Units / lots

2 (Residential Unit and Hotel Unit) (Recitals A)

Developer / declarant

PEG PHX Indian School, LLC, a Utah limited liability company (Recitals)

Management

Developer is Property Manager until Turnover Date; thereafter Association (Section 4.4)

Governing law

Arizona Condominium Act, A.R.S. §33-1201 et seq. (Section 1.2(h))

Assessments & dues

Set by Board each year for the next fiscal year; no fixed amount (Section 3.2)

Reserves & fees

Board may establish and maintain a reserve fund for common expenses (Section 3.2 (reference to establishing a)

Use restrictions

Residential Unit for multifamily/apartment; Hotel Unit for hotel, restaurant/bar, and related uses for 30 years (Section 5.1(b))

Voting & meetings

Based on square footage of land at ground level: Hotel Unit 30.45% (38,731 sq ft), Residential Unit 69.55% (88,451 sq ft) (Section 2.2)

Amendments

Amendment requires approval of Developer during Developer Control Period, and after that, all Owners (Section 8.3)

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