The Reserve at Plaza Del Rio

Key facts from The Reserve at Plaza Del Rio's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single Family Residential (Section 5.4)

Legal name

The Reserve At Plaza Del Rio

Units / lots

162 (Phases: Phase 1 (25 lots), Phase 2 (47 l)

Developer / declarant

Maracay Thunderbird, L.L.C. and Klondike Land Portfolio LLC (Preamble)

Governing law

Arizona Revised Statutes (A.R.S.) § 33-1803 (Section 4.3(c), 4.10)

Assessments & dues

Initial Annual Assessments established by Board in accordance with Arizona law; not fixed in document (Section 4.3(c))

Special assessments

Allowed for capital improvements or any lawful Association purpose; requires assent of 2/3 of each class voting (Section 4.8)

Collections & liens

Delinquent Assessments become a continuing lien; Association may record Notice of Claim of Lien; may foreclose like a mortgage; lien subordinated to First Mortgage (Section 4.10, 4.11)

Reserves & fees

Annual Assessments include reasonable amount for Reserve Funds; deposited into Reserve Accounts; separate account for perimeter walls accessible by Master Association; reserve studies every 5 years beginning 3 years after assessments start (Section 4.3(a), 4.7)

Architectural approval

Yes, Architectural Committee considers and acts upon all proposals and plans submitted (Section 3.4(c))

Home business

Allowed if: not detectable, conforms to zoning, no customer visits, no solicitation, not violate any Project Documents, consistent with residential character (Section 5.4)

Signs & flags

Declarant may maintain signs as necessary for sale; no other sign restrictions apparent in provided text (Section 2.2(d))

Maintenance

Association responsible for Common Areas; Owners responsible for Lots; Master Association may perform maintenance if Association fails (Section 4.2, Section 8.7)

Use restrictions

All Lots shall be used, improved and devoted exclusively to Single Family Residential Use. No gainful occupation, profession, trades or other nonresidential use. (Section 5.4)

Voting & meetings

Two classes: Class A (one vote per lot), Class B (three votes per lot) (Section 3.6)

Amendments

Not visible in provided text; declaration references amendments but no procedure extracted (General references)

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