Palo Verde Greens

Key facts from Palo Verde Greens's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (HOA) (Preamble; Section 1.22 (Single Family de)

Units / lots

32 (Lots 1 through 32 and Tracts A-E) (Exhibit A; Preamble (Lots 1 - 32 and Tra)

Developer / declarant

Security Title Agency, as Trustee Under Trust No. 51808 (Preamble (first paragraph))

Governing law

Arizona Revised Statutes (reference to ARS 33-801 et seq. for trusts) (Section 1.17 (definition of Owner referr)

Assessments & dues

Maximum initial annual assessment $840 per Lot until January 1 of year following first conveyance to Purchaser (Section 6.3(a))

Special assessments

Levyable for capital improvements or any lawful Association purpose; requires assent of 2/3 of votes cast in person or by proxy (or 2/3 majority of each class if Class B exists). (Section 6.5)

Collections & liens

Delinquent assessments become continuing lien on Lot; perfected by recording Notice of Claim of Lien; Association may foreclose like a mortgage; lien subordinate to first mortgages. Sale at foreclosure extinguishes prior assessment lien but (Section 6.11, 6.12)

Reserves & fees

Payable by each person/entity (other than Declarant or Builder) immediately upon becoming Owner; amount set by Board. (Section 6.10)

Pets

Yes, reasonable number of generally recognized house or yard pets, kept as domestic pets and not for commercial purposes. (Section 7.3)

Leasing & rentals

Yes, Owner may lease a Lot to a Single Family, subject to all provisions of Project Documents. (Section 7.2 (second sentence))

Parking & vehicles

Prohibited overnight (vehicles may not be parked on streets overnight). (Section 7.25 (last sentence))

Fences

Fences, walls, hedges require prior written approval of Architectural Committee. (Section 7.17)

Architectural approval

Prior written approval of Architectural Committee required for any Improvements, alterations, landscaping, exterior paint, fences, walls, or other work altering exterior appearance. (Section 7.7, 7.17)

Home business

Prohibited (no gainful occupation, profession, trade on any Lot) (Section 7.2)

Setbacks / home size

1,300 square feet minimum square footage for each home. (Section 7.29)

Maintenance

Not explicitly assigned; owner of Lot responsible for own Improvements (including roof) unless Association agrees to maintain (Section 10.2). (Section 10.3)

Insurance

Association shall maintain liability, property, fidelity insurance on Common Area and such other coverage deemed necessary by Board. (Section 12.1)

Use restrictions

All Lots shall be used, improved, and devoted exclusively to Single Family Residential use. No gainful occupation, profession, trade, or other nonresidential use. (Section 7.2)

Voting & meetings

Two classes: Class A (Owners excluding Declarant) – 1 vote per Lot; Class B (Declarant) – 3 votes per Lot owned (Section 5.1)

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