Valle Eldorado

Key facts from Valle Eldorado's documents

Community type

planned area development as of 2002 (VALLE ELDORADO, a planned area developme)

Legal name

Valle Eldorado

Units / lots

223 lots (Lots 1-223) after annexation as of 1999 (First Declaration of Annexation, 1.3)

Developer / declarant

Centex Homes, a Nevada general partnership as of 1999 (First paragraph of Declaration; also Fir)

Governing law

Arizona law (implied) as of 1999 (References to Arizona Revised Statutes a)

Assessments & dues

Set annually by Board; subject to Maximum Annual Assessment (not specified in provided text) as of 1999 (7.2, 7.4)

Special assessments

Permitted for capital improvements and extraordinary expenses; subject to notice and quorum requirements as of 1999 (7.5, 7.7)

Collections & liens

Assessment lien attaches to Lot; personal obligation of Owner; Association may foreclose; lien subject to subordination per 8.3 as of 1999 (7.1, Article VIII)

Reserves & fees

Association to establish and administer adequate reserve fund (5.2(c); 9.6) as of 1999 (5.2(c), 9.6)

Pets

Yes, reasonable number of generally recognized house or yard pets as of 1999 (4.1.2)

Leasing & rentals

Yes, entire Dwelling Unit and Lot may be leased as of 1999 (4.1.31, 4.1.33)

Parking & vehicles

Vehicles kept in garages, carports, driveways, or approved parking areas; must have current registration as of 1999 (4.1.22)

Fences

Perimeter walls and fencing per Architectural Guidelines; maintenance by Association except Owner responsible for painting facing side and 1/2 structural repair as of 1999 (4.1.17)

Architectural approval

Yes, prior written approval required for all exterior alterations, improvements, landscaping, etc. as of 1999 (4.1.1)

Home business

Permitted if incidental to residential use, no outside employment, no exterior display, limited hours, conforms to zoning, not a nuisance as of 1999 (4.1.32)

Signs & flags

Limited: legal proceedings signs; identification signs (≤72 sq in, up to 2 for detached, 1 for attached); other signs approved by ARC/Declarant; no visible signs otherwise as of 1999 (4.1.13)

Use restrictions

Yes, with limited home business exception (incidental, no outside indication, hours 7AM-9PM, etc.) as of 1999 (4.1.32)

Voting & meetings

Two classes: Class A (one vote per lot per Owner), Class B (Declarant, 3 votes per lot owned; terminates upon condition per 6.3) as of 1999 (6.3)

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