Valencia II

Key facts from Valencia II's documents

Community type

Planned residential neighborhood of single-family detached residences (Recital B)

Legal name

Valencia II Community Association (Recital E, Section 1.11)

Developer / declarant

T.W. Lewis Company, an Arizona corporation (Preamble, Section 1.22)

Governing law

Arizona Revised Statutes (A.R.S.) (Section 3.5, 5.2(C)(iv))

Assessments & dues

Maximum $1,500 per Lot per year initially ($125/month) until January 1 after first Lot conveyed to Purchaser (Section 5.2(C)(i))

Special assessments

Requires approval of two-thirds (2/3) of votes entitled to be cast by Members voting in person or by proxy (Section 5.5)

Collections & liens

Assessment Lien secures unpaid Assessments, interest, fees, fines, attorneys' fees; foreclosure in manner of realty mortgage (Section 5.9(B)-(E))

Reserves & fees

Permitted; replacement and maintenance reserves may be established (Section 5.2(A), 5.13)

Leasing & rentals

Permitted upon compliance with Declaration, Articles, Bylaws, Association Rules, and Architectural Rules (Section 6.3, 11.13 (referenced))

Fences

Boundary Fences shared cost equally between adjacent Owners; materials same as original construction; Perimeter Walls not shared (Section 6.9, 6.10)

Architectural approval

All Improvements, alterations, landscaping, exterior changes require prior written approval of Architectural Committee (Section 6.4)

Home business

Permitted if: (a) not readily apparent from exterior, (b) conforms to zoning, (c) consistent with residential character, (d) not a nuisance or hazardous (Section 6.3)

Setbacks / home size

Minimum livable square footage of 2,350 sq ft excluding garage, porches, guest house, patios (Section 6.7)

Use restrictions

All Lots used, improved, and devoted exclusively to residential use; each Dwelling Unit occupied only by a Single Family (Section 6.2)

Voting & meetings

Two classes: Class A (Owners, 1 vote per Lot) and Class B (Declarant, 10 votes per Lot until conversion) (Section 4.4)

Amendments

Increase in Annual Assessment beyond CPI/10% requires 2/3 vote; Section 3.4 (legal proceedings) requires 3/4 vote to amend; general amendment procedure not fully detailed in excerpt (Section 5.2(C)(iii), 3.4)

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