Siesta Foothills

Key facts from Siesta Foothills's documents

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

Legal name

Siesta Foothills Homeowners Association, Inc. (Section 1.07)

Developer / declarant

Siesta Foothills Investors L.L.C., an Arizona limited liability company (Preamble)

Governing law

Arizona Revised Statutes (references to A.R.S. §§ 33-801, 33-741, 33-1806, 33-1807, etc.) (Sections 1.26, 4.01, 4.07, 4.08, 4.09, 5)

Reserves & fees

Annual assessment may include reserve fund for taxes, insurance, maintenance, repairs, replacements of Common Area and Areas of Association Responsibility. Working capital payments deposited into reserve account. (Sections 4.02, 4.11)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Lot; Class B (Declarant) – three votes per Lot owned. Class B converts to Class A when Class A votes equal or exceed Class B, or 6 years after first Lot close, or Declarant r (Section 3.02)

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