303 Autoshow at Prasada

What 303 Autoshow at Prasada's governing documents say

This document establishes the 303 AutoShow at Prasada, a commercial auto dealership park in Surprise, Arizona. It creates a homeowners' association (the 303 AutoShow Owners Association) that governs the property, which consists of parcels intended for automobile dealerships. The rules apply to property owners (not renters) and cover design review, use restrictions, assessments, and maintenance of common areas.

• Association membership & voting: Each parcel owner gets one membership per Net Acre (rounded, minimum one membership). Voting power is based on memberships, not one-per-parcel. During the Period of Declarant Control, the developer appoints and removes directors; after control expires, owners elect directors.
• Design review process: All exterior improvements require approval from a Design Review Committee (three members, one appointed by the city). Owners must submit plans in stages (initial concept, Submission No. 1, etc.) and pay a non-refundable review fee of $2,500 (up to $5,000 for complex plans). The committee reviews for conformity with Design Guidelines, but does not warrant code compliance.
• Permitted uses & restrictions: Parcels may only be used for Permitted Automobile Dealerships as listed in Exhibit E (not included in excerpt). Prohibited uses include nuisances, objectionable activities, and any use that would violate the Prasada Trademark Licensing Agreement. Dealerships must comply with all laws and the City Development Agreement.
• Easements & common areas: Owners grant easements for common maintenance areas (e.g., Municipal Use Easement, drainage, freeway signage, and freeway wall areas). The association maintains these areas and may levy assessments for their upkeep. Owners also grant ingress/egress rights for maintenance and repair.
• Assessments: The association can levy regular assessments, special assessments, reimbursement assessments, capital improvement assessments, and advertising/promotional program assessments. Borrowing in excess of $10,000 requires majority vote and Declarant approval during control period.
• Freeway signage: Declarant installs freeway signage, including reader-board signs. Each dealership lot owner gets display time proportional to their membership share. Declarant reserves 5% of display time for general promotion. The association operates and maintains the signage, with costs paid by dealership lot owners through assessments.

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.