Villa Monterey Recreational Association
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What Villa Monterey Recreational Association's governing documents say
This is an addendum to the deed restrictions of Villa Monterey Recreational Association, a homeowners association in Scottsdale, AZ. It establishes rules for a Restricted Capital Facilities Reserve Fund to fund long-term replacement and major repair of commonly-owned areas.
- Reserve fund requirements: The Board must create and maintain a reserve fund for major repairs/replacement of common areas, recalculated annually. Annual dues revenues must be segregated into a separate interest-bearing account. Withdrawals require a majority vote of the Board and must be used only for designated capital projects, not for operating expenses.
- What this document doesn't cover: This is a partial addendum only; it does not cover other typical HOA rules such as pet restrictions, leasing, age limits, parking, architectural review, or assessments. Those would be in the main deed restrictions or other governing documents.
Key facts from Villa Monterey Recreational Association's documents
- Community type
- Recreational Association (Header: 'Villa Monterey Recreational Ass)
- Legal name
- Villa Monterey Recreational Association Unit Two (Document header)
- Reserves & fees
- Board shall establish a Restricted Capital Facilities Reserve Program and Fund. Board determines and maintains a fair and reasonable reserve for long-time replacement and/or major repair of commonly-owned areas and improvements. Projections (Entire addendum paragraphs: '* The Board)
- Voting & meetings
- Board of Directors: reserve withdrawals require affirmative vote of majority of total number of directors. (Affirmative vote of majority of total nu)
Collections & enforcement records
Public records show 10 enforcement filings by this association between 1983 and 2025.
Source: Maricopa County Recorder and Maricopa County Superior Court public indexes.
About this HOA
Villa Monterey Recreational Association is a homeowners association in Scottsdale, AZ.
HOAproxy has 1 document on file for Villa Monterey Recreational Association: 1 CC&R. Last updated 2026-07-15.