Trails North at Horsemans Park

Key facts from Trails North at Horsemans Park's documents

Community type

Covenant / Planned Community

Units / lots

112

Developer / declarant

Woodside Trails North at Horsemans Park, LLC

Governing law

Arizona Revised Statutes §33-2002 (Section 3.13)

Assessments & dues

Maximum $39 per month per Lot until December 31, 2004 (Section 5.3(h)(i))

Special assessments

Allowed with assent of Members having at least 2/3 of votes cast at meeting (Section 5.4)

Collections & liens

Assessment Lien; Association may record Notice of Claim of Lien and foreclose (Section 5.7)

Reserves & fees

Association may carry forward surplus as reserves; not required to reduce assessments (Section 3.5)

Architectural approval

Architectural Committee established; Architectural Committee Rules adopted (implied approval required) (Sections 1.4, 3.4)

Use restrictions

Single Family Residential Use required (Section 1.42)

Voting & meetings

For assessment meetings: 60% of votes of each class at first meeting; at subsequent meeting, 1/2 of that amount (Section 5.5)

Amendments

Section 3.12 may be amended only with written approval of 75% of voting power of Members and 75% of Board; Article 15 amendments require Declarant consent; general amendment procedure not fully detailed in excerpt (Section 3.12(iii), Section 15.6)

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