Topock66 Vacation Club

Key facts from Topock66 Vacation Club's documents

Community type

Covenant / Planned Community

Legal name

Topock66 Vacation Club Owners Association

Developer / declarant

Hospitality Investment Group, LLC

Governing law

Arizona Revised Statutes Section 33-2203 (Section 4.01)

Assessments & dues

Developer annually prepares a budget for the Club and levies Maintenance Fees as each Member's pro-rata share of Common Expenses. Maintenance Fees equal for all Membership categories. (Section 5.03)

Special assessments

Developer may approve a Special Assessment from time to time for capital improvements (excluding additional Club Units), additional reserves, or any other item for which Club funds are unavailable. (Section 1.01 (definition) and Article V)

Collections & liens

Assessments are a lien and charge upon the Membership and Deed. They are also a personal obligation of the Member. (Section 5.01)

Reserves & fees

Developer establishes a separate 'Reserve for Capital Expenditures Account' funded by portions of Maintenance Fees and/or Special Assessments intended for capital expenses. (Section 4.02(h))

Parking & vehicles

One standard size vehicle parking space in lot adjacent to main hotel structure (exclusive and guaranteed per Occupancy Period). One typical sized boat trailer parking in lot across Route 66 (non-exclusive). Additional parking on Developer (Section 2.03(c),(d),(e))

Maintenance

Developer manages and maintains Club Units and Common Area. Members must keep unit in good condition during occupancy, leave in as-good condition, and are liable for damage. Developer handles all maintenance, repair, replacement of Club Uni (Section 2.07(b) and Section 4.02(a))

Voting & meetings

Each Member (including Developer) has one vote per Membership owned. Total Votes equal Total Authorized Membership Shares. Co-owners designate one voter; if no designation, majority interest decides. Developer controls all votes during Deve (Section 3.03 and 3.05)

Amendments

Developer may amend the Plan unilaterally; Owners Association agrees to cooperate and execute consents. Amendments recorded. No explicit membership vote required. (Section 2.01 (last sentence), Section 2.)

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