River Park Villas at Squaw Peak

Key facts from River Park Villas at Squaw Peak's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned, single-family, residential community (Recital B)

Developer / declarant

Roar Development L.L.C.

Assessments & dues

Maximum $1,500 per year initially ($125 per month) (Section 7.8)

Special assessments

May be levied with 2/3 vote of each class for capital improvements, unanticipated expenses; vote not required if assessment does not exceed maximum allowable for that year. (Section 7.9)

Reserves & fees

Reserve fund for periodic maintenance, repairs, replacements of Common Areas and Rights of Way; funded from regular assessments, not special assessments (Section 7.1)

Insurance

Multi-peril on Common Areas at 100% replacement cost (fire, extended coverage, etc.); comprehensive liability $1,000,000 per occurrence; boiler explosion, fidelity bond, workers compensation (Section 10.2)

Use restrictions

Residences designed and intended for independent ownership and use as a residence; community described as 'single-family residential' (Section 1.31, Recital B)

Voting & meetings

Class A: one vote per Lot; Class B (Designated Builder): three votes per Lot owned; conversion upon sale or when certain events occur (Section 4.3)

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