Kenworthy & Ocotillo

Key facts from Kenworthy & Ocotillo's documents

Community type

Covenant / Planned Community

Developer / declarant

Madison Diversified 882 Corp., an Arizona corporation (as to Parcel No. 2) and DeMuro Enterprises, Inc., an Illinois corporation (as to Parcel No. 1) (Article 1.2; signature block)

Governing law

Arizona Revised Statutes Title 48, Chapter 22 (Groundwater Replenishment Statute) and Arizona Revised Statutes Title 45, Chapter 2, Article 9 (assured water supply) (Recital B, C, D; Article 1.7, 1.4)

Assessments & dues

Amount is determined by CAWCD as necessary to perform its groundwater replenishment obligation under the Groundwater Replenishment Statute (Article 2.1)

Collections & liens

The Replenishment Assessment together with interest, costs, and penalties constitutes a continuing lien on the parcel and is also a personal obligation of the owner at the time it came due. CAWCD has the rights and remedies provided in A.R. (Article 3.1, 3.2)

Reserves & fees

Interest, costs, and penalties as provided by Arizona Revised Statutes § 48-3782 (Article 2.3)

Amendments

May be modified, amended, or terminated: (i) by express written agreement of CAWCD, the Department, and the Owners of 67% of the total area of the Property; or (ii) by amendment of statutes, rules, or regulations or successor statutes, rule (Article 4.2)

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