Morning Sun Farms

Key facts from Morning Sun Farms's documents

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

Community type

Residential planned community with single-family detached homes (Section 1.17 (Detached Dwelling Unit), S)

Developer / declarant

Beazer Homes Holdings Corp., a Delaware corporation (Background A and Section 1.14 of Declara)

Governing law

Arizona Revised Statutes (A.R.S.), including §§33-1809, 33-1807, 33-1806, 33-1803, etc. (Sections referencing A.R.S.)

Assessments & dues

Initially established by Board for base year ending December 31, 2004; thereafter determined by Board subject to limitations. (Section 4.03)

Collections & liens

Association has a perfected, consensual, continuing lien on each Lot for all assessments. May record Notice and Claim of Lien. May foreclose or bring personal action. Lien is subordinate to First Mortgages except for assessments accruing af (Sections 4.01, 4.09, 4.10)

Reserves & fees

Working capital payments deposited into reserve account; annual assessment may also include reserve fund for taxes, insurance, maintenance, etc. (Section 4.11 and 4.02)

Use restrictions

Yes, Lots shall be used for Single Family Residential Use only, in conformity with Project Documents and applicable zoning. (Section 1.37)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Lot owned; Class B (Declarant) – three votes per Lot owned or under purchase option. Joint owners considered one Member; no more than one vote per Lot. (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.