Maricopa Highlands

Key facts from Maricopa Highlands's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned_community (Implicit from association and parcel str)

Legal name

Maricopa Highlands

Developer / declarant

David W. Miller, as the Trustee of the Peacock, Hislop, Staley & Given, Inc. Profit Sharing Plan Trust #1 fbo Barry W. Peacock, under Trust Agreement dated January 1, 1990, and Stephen J. Szalay and June M. Szalay, as the Trustees of the Sz

Governing law

Arizona Revised Statutes (the Act) (Section 1.4, 5.1, 7.4.2, et al.)

Assessments & dues

Board adopts budget at least 60 days before fiscal year; total Common Expenses assessed; each Parcel Owner's share = 1/19 (for original 19 Parcels); Board may increase during year if funds inadequate. (Section 7.1, 7.2.1)

Special assessments

May be levied for capital improvements or other lawful purpose; must be approved by 2/3 of votes of Association in person or by proxy at meeting; due 30 days after levy unless Board specifies. (Section 7.3)

Reserves & fees

Each Purchaser of a Parcel shall pay a transfer fee in amount established by Board. (Section 7.11)

Voting & meetings

One vote per Parcel owned; decisions by majority vote; if Parcel subdivided, one vote designated by sub-owners. (Section 5.5)

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