Northsight Center

Key facts from Northsight Center's documents

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

Community type

Condominium

Developer / declarant

Salamone-Cothren (Opening paragraph – 'This Declarant of C)

Governing law

Arizona Condominium Act, as amended, A.R.S. §33-1201 et seq. (Recital C)

Assessments & dues

Based on advance estimates of Association's cash requirements. Apportioned among Units in proportion to their respective undivided interests in the Common Elements. Expenses for Limited Common Elements assessed equally to Units assigned. Ex (Article 9.02)

Special assessments

May be levied by Board with affirmative vote of at least 60% of Total Votes for construction, unexpected repair, replacement, or other expenses. No vote required if funds inadequate due to nonpayment or damage/destruction (Art 9.02(c), 10.0 (Article 9.03; 9.02(c); 10.04(c))

Collections & liens

All assessments plus penalties and interest secured by a lien on the Condominium in favor of Association; recording of Declaration perfects lien; foreclosure as a mortgage; costs and attorneys' fees included. (Article 9.04)

Reserves & fees

Contingency reserve, major maintenance reserve and/or sinking fund, and reserve for periodic replacement to be funded by monthly payments. (Article 9.02(a))

Fences

Walls must comply with location (not closer to street than building line), material and finish consistent with adjacent fences/walls (unless approved otherwise). (Article 6.02(6))

Architectural approval

Yes, Board acts as Architectural Control Committee; approval required for any sign, building, structure, addition, replacement, fence, wall, parking lot, solar heating unit, antenna (except wireless data), or substantial alterations, repair (Article 6.01, 6.02(a))

Signs & flags

Only dignified name/address sign allowed; all signs require approval of Declarant and/or Board. (Article 6.02(10))

Setbacks / home size

Minimum standards established by City Building Department. (Article 6.02(3)(a))

Maintenance

Association (Article 8.01 – 'repair and replacement o)

Insurance

Multi-peril property insurance covering Building, improvements and Limited Common Elements at full replacement cost with 'all-risk' endorsement. Also comprehensive public liability insurance covering Common Elements. (Article 10.01, 10.07)

Use restrictions

false (Article 6.10 – 'No residential use shall)

Voting & meetings

Number of votes per Condominium as set forth in Exhibit C; permanent and unalterable except by unanimous consent of all Owners. Each Condominium entitles owner to one membership with votes as per Exhibit C. Co-owners share proportionally. (Article 7.03; Article 7.01)

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