Troon Fairways Homeowners' Association

Key facts from Troon Fairways Homeowners' Association's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential (Recital B)

Units / lots

107 lots plus Tracts A through D (Recital B in DOC 195319 and others)

Developer / declarant

Troon Fairways Investors, an Arizona general partnership (Opening paragraph)

Governing law

Arizona nonprofit corporation law (Section 2.01)

Assessments & dues

Not fixed; Board estimates expenses each year and assesses based on vote ratio (Section 6.03)

Special assessments

Yes: (a) if repair cost from willful/negligent act of Owner; (b) for materials/services accepted by individual Owners; (c) if insurance proceeds insufficient for rebuilding. (Section 6.05)

Collections & liens

Unpaid assessments, interest, costs, and attorneys' fees constitute a lien (Assessment Lien) on the Lot. The Association may foreclose or bring personal action. Sale or transfer of Lot does not affect lien unless by foreclosure of first mor (Sections 6.02, 6.08, 6.09)

Reserves & fees

Reasonable reserves may be established by Board as part of Common Expenses (Section 1.04 ('reasonable reserves as de)

Architectural approval

Yes, all improvements must be approved by the Architectural Review Committee of Troon Village (per Troon Village Declaration) and, after amendment, also by the Troon Fairways Architectural Committee. (Section 4.01 (original and amended))

Maintenance

Association maintains Common Areas; if need arises from willful/negligent act of Owner, cost is Special Assessment against Owner. (Section 5.01)

Insurance

Broad form public liability policy of at least $1,000,000 combined limits covering Common Areas and negligence of Association or its officers, directors, agents. Also fire/casualty insurance on Common Areas. (Section 7.01)

Use restrictions

Property shall be used exclusively for single-family residential purposes (per Tract Declaration) (Recital F, page 2: 'the Property shall b)

Voting & meetings

Each Lot entitled to one vote. Joint owners must designate in writing who votes. Fractional votes not allowed. Votes need not be cast as a unit. Voting rights suspended if Owner is 15 days in arrears or in default. (Sections 2.04, 2.06)

Amendments

Prior to Turnover Date: majority vote of Board. After Turnover Date: affirmative vote of Owners holding at least 75% of total voting power. Amendment recorded as Certificate of Amendment. (Section 11.02)

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