Green Valley Townhouse Association I

Key facts from Green Valley Townhouse Association I's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned_community (Art. I §1.14 (references ARS Planned Com)

Legal name

Green Valley Townhouse Association 1 – Maxon Circle, Inc.

Units / lots

50 (indicated by 'two-thirds of the fifty Homeowners who voted') (Approval clause)

Developer / declarant

Maxon Construction Co.

Governing law

ARS 33-1801 through 33-1818 (Art. I §1.14)

Assessments & dues

Board prepares annual budget and distributes to owners with assessment amount 15 to 60 days before fiscal year (Art. VIII §8.1)

Special assessments

Requires approval of two-thirds of Members voting in person or by absentee ballot at Annual or Special Meeting (Art. VIII §8.4)

Collections & liens

Continuing lien on the Lot; may be foreclosed like a mortgage; subordinated to first mortgage (Art. VIII §8.7, §8.8, §8.10)

Reserves & fees

Separate account for periodic maintenance, repair, replacement of Common Area; funded by Annual Assessments (Art. VIII §8.6)

Voting & meetings

One vote per Lot; multiple owners of a Lot share one vote (Art. II §2.4)

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