The Commons at Palm Creek

Key facts from The Commons at Palm Creek's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial Mixed-Use Center (Recitals: 'integrated mixed use commerci)

Units / lots

3 (Parcel 1, Parcel 2, Parcel 3) (Section 1.13)

Governing law

Arizona (Section 6.17: 'Governing Law' (likely Ar)

Assessments & dues

Not fixed; Common Area Maintenance Costs are shared proportionally per Section 4.2(B) (Section 4.2(B))

Special assessments

Allowed via supplemental Budget when actual costs exceed Budget line items (Section 4.2(B)(iii))

Collections & liens

Curing Party may have a lien on defaulting Owner's Lot for unpaid expenses plus interest; default provisions allow lien (Section 4.2(B)(iv); Section 6.1)

Reserves & fees

Interest at Default Rate from due date until paid; rate not defined in extract (Section 4.2(B)(iv); Section 6.2 referenc)

Architectural approval

Yes, for initial Building construction, additions, remodeling, reconstruction, or exterior alterations (Section 3.3(B))

Signs & flags

Monument sign easements on Parcel 3; multi-tenant monument signs maintained by Operator; sign panels obligation of Owners/Occupants (Section 2.4; Section 4.2(A)(ix))

Setbacks / home size

Maximum one story; 27 feet height, architectural features not to exceed 32 feet; exceptions for anchor tenant on Parcel 1, hotel, and LA Fitness building on Parcel 2 (Section 3.3(E))

Use restrictions

Permitted uses include retail/commercial; Banking/Financial Institution exclusive to ?; Sports Club exclusive; restrictions on hazardous substances, displays, etc. (Section 5.1 (A)-(E))

Amendments

Amendments require agreement? Not fully detailed; Section 6.8(D) references amendment but text not in extract (Section 6.8(D))

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