Peralta Canyon

Key facts from Peralta Canyon's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community (Recitals B: 'developed as a planned comm)

Legal name

Peralta Canyon Community Association (Section 1.10)

Developer / declarant

Peralta Canyon, LLC, a Delaware limited liability company (Section 1.21)

Governing law

Arizona Revised Statutes (A.R.S.) referenced; includes A.R.S. §33-741(2) (Sections 1.6, 1.50)

Special assessments

May be levied by Board (Section 8.7)

Reserves & fees

Penalties for delinquent or late payment permitted under Applicable Law (Sections 1.7, 8.9)

Use restrictions

Attached as Exhibit B; may be amended by Declarant during Declarant Control Period; thereafter by Board with 67% vote override by Owners (Sections 5.3.2, 5.3.3)

Voting & meetings

Two classes: Class A (owners of Lots/Parcels) and Class B (Declarant). Class B has 5 votes per Net Acre owned. Number of votes for Class A set in Bylaws. (Sections 7.1, 7.3, 7.5)

Amendments

Amendments to Declaration by Declarant during Declarant Control Period; thereafter by vote of Owners representing at least 2/3 of total votes of Class A membership (per Section 15.2); Use Restrictions may be amended by Board with 67% overri (Sections 15.2, 5.3.2)

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