Goldmine Mountain

Key facts from Goldmine Mountain's documents

Community type

Planned residential community with common facilities (Second declaration, Recital B)

Legal name

Goldmine Mountain Property Owners Association, Inc., an Arizona nonprofit corporation (Second declaration, Sec. 1.4)

Developer / declarant

Groundwater covenant: JM Land Development, LLC, an Arizona limited liability company. HOA declaration: SIVAGE-THOMAS OF ARIZONA, INC., a New Mexico corporation (Declarant) and JM LAND DEVELOPMENT, L.L.C., an Arizona limited liability compan (First declaration, opening paragraph; se)

Governing law

Arizona Revised Statutes Title 45, Chapter 2, Article 9 (certificate of assured water supply); Title 48, Chapter 22 (Groundwater Replenishment Statute) (First declaration, Recitals B, C; Sec. 1)

Special assessments

May be levied for capital improvements or unanticipated expenses. Requires affirmative vote of two-thirds of each class of members, unless the special assessment does not cause the maximum allowable assessment to be exceeded for that year. (Second declaration, Sec. 7.9)

Reserves & fees

Board shall establish and maintain a reserve fund adequate for customary maintenance, repairs, and replacements of landscaping, Rights-of-Way, and Common Areas. Funded from regular assessments, not special assessments. (Second declaration, Sec. 7.1)

Voting & meetings

For meeting called to vote on assessments (Sections 7.8, 7.9, 11): presence of members or proxies entitled to cast 25% of all votes constitutes quorum. If quorum not present, subsequent meeting quorum is one-half of the preceding meeting's (Second declaration, Sec. 7.10)

Amendments

Groundwater covenant: may be amended only by written agreement of CAWCD, the Department, and Owners of 67% of total area of Property, or by amendment of relevant statutes/rules (Sec. 4.2). HOA declaration: amendment procedure not fully prov (First declaration, Sec. 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.