Settler's Point Parcel B

Key facts from Settler's Point Parcel B's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned residential community with common facilities for the benefit of the community (Recital B)

Developer / declarant

Parkview Investors II. L.L.C., an Arizona Limited Liability Company (Opening paragraph)

Governing law

Arizona Revised Statutes, Section 33-801 et seq. (Section 1.21 (reference to trustee for t)

Assessments & dues

Maximum initial $360.00 per year per Lot (prior to January 1 of year following first conveyance of completed residence) (Section 7.7)

Special assessments

May be levied with consent of two-thirds of each class of members; amount determined by Board; secured by lien under Section 7 (Section 7.8)

Collections & liens

Unpaid assessments (plus interest, costs, attorneys' fees, late charges) constitute a lien on the Owner's Lot from date due; subordinate to First Mortgage except for post-possession assessments; forecloseable by judicial foreclosure (Sections 7.3, 7.5)

Reserves & fees

Board may establish and maintain reserves for contingencies, replacements, etc. (Section 7.1); fidelity bond at least 1.5 times estimated annual operating expenses and reserves (Section 10.2(5)) (Sections 7.1, 10.2(5))

Leasing & rentals

Yes, any Owner may rent or grant occupancy rights to an entire Lot (Section 16)

Fences

not specifically addressed (subject to architectural standards) (Section 14.1)

Architectural approval

No construction, alterations, landscaping, etc. that alters exterior appearance of any Lot without prior approval of Architectural Committee (except work by Developer/Designated Builders) (Section 14.2)

Solar & roof

Subject to architectural standards (Section 14.1.3) (Section 14.1.3)

Home business

Prohibited (no professional, commercial or industrial operations in or upon any Lot or Common Areas) (Section 17.1)

Signs & flags

Developer and Designated Builders may maintain sales offices, model units, and signs on the Property until all lots sold; otherwise likely subject to Architectural Committee standards (Section 14.1.4) (Sections 17.1, 14.1.4)

Maintenance

not explicitly assigned; likely part of Lot maintenance (Owner since roof is part of improvements on Lot) (Section 13.1)

Insurance

Association must maintain multi-peril (fire, extended coverage, etc.) on Common Areas at 100% replacement cost; liability $1,000,000 per occurrence; flood if applicable; fidelity bond; workers comp; etc. (Section 10.2)

Use restrictions

No part of the Property shall be used for other than residential and related purposes; no religious, professional, commercial or industrial operations (except temporary sales offices/model units by Developer/Designated Builders until all lo (Section 17.1)

Voting & meetings

Two classes: Class A (each Owner, one vote per Lot), Class B (Developer, three votes per Lot owned). Conversion of Class B to A upon sale of Lot or first of (i) 120 days after Class A votes equal/exceed Class B, or (ii) 5 years after first (Section 4.3)

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