Arrowhead Entertainment Center

What Arrowhead Entertainment Center's governing documents say

This is the declaration for Arrowhead Entertainment Center, a commercial property owners association in Peoria, AZ, not a residential neighborhood. It applies to owners and lessees of commercial lots within the development, creating a framework for use restrictions, maintenance, assessments, and architectural control.

• What this document covers: It governs 10 commercial lots and common area tracts K, L, M, imposing restrictive covenants that run with the land. Owners must comply with all provisions, and the association handles common area maintenance and enforcement.
• Permitted use: Each site may only be used for commercial purposes allowed by City of Peoria zoning. Prohibited uses include junk yards, salvage yards, or any use offensive to other owners by odor, noise, fumes, etc. No use may attract more parking than available on site or common area.
• Architectural review: No construction, grading, excavation, or exterior alteration may occur without prior written board approval. Plans must be submitted, and the board may disapprove for any reason, including aesthetics. Approval is deemed granted if the board does not act within 45 days of a complete application.
• Maintenance responsibilities: Association maintains common areas (tracts K, L, M). Each owner must maintain their own site and improvements in good condition, including landscaping; dead plants must be replaced. If an owner fails to correct a violation after 14 days' notice, the board may do the work and charge the owner.
• Assessments & fees: Annual assessments are levied per site based on ownership percentages (lots 1-7 pay 8% each, lot 8 pays 11%, lot 9 pays 14%, lot 10 pays 19%). Special assessments require 2/3 member vote. Delinquent assessments accrue interest and a late fee, and the association may record a lien and foreclose. A transfer fee of $250 is due upon sale.
• Parking: Sufficient parking must be maintained on common areas to meet city code. Parking is prohibited on certain internal roads. No use may create parking demand exceeding available spaces.
• Insurance: Association must carry general liability insurance (minimum $5M) and property insurance on common areas at full replacement cost. Owners are not individually required to carry insurance by this document, but association policies cover common areas.
• Amendments & termination: Declaration can be amended by 60% owner vote (or with declarant consent while declarant owns any site). Termination requires 90% owner vote and consent of first mortgagees. The declarant currently has development rights including reconfiguring lots and amending for clerical errors without owner consent.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.