Bridgeview at Hayden Ferry Lakeside

Key facts from Bridgeview at Hayden Ferry Lakeside's documents

Reflects the 2029 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title and Preamble)

Developer / declarant

BV at Hayden Ferry Lakeside, LLC, an Arizona limited liability company (Preamble)

Governing law

Arizona Condominium Act, Title 33, Chapter 9, Arizona Revised Statutes (Preamble)

Assessments & dues

Board adopts annual budget; assessments levied at least annually based on budget; after Declarant Control Period, budget subject to ratification by Owners (rejected by 67% vote) (Paragraph 10(a), 10(c))

Special assessments

Yes, levied by Board with approval of Owners representing at least a majority of total votes; allocated per Allocated Interest (Paragraph 10(b)(ii))

Collections & liens

Association has lien for unpaid assessments, superior to other liens except certain (A.R.S. §33-1256(B), Master Association, Joint Committee); enforceable by foreclosure like deed of trust; lien is effective from due date; Association may a (Paragraph 10(g))

Reserves & fees

Annual capital budget and reserve contribution required; also a separate Reserve Contribution of 0.2% of Unit's gross selling price upon transfer (with some exemptions) (Paragraph 10(d) and 10(m))

Use restrictions

Units are intended for separate, individual ownership and use for residential occupancy (Paragraph 3 definition of Unit: "intende)

Voting & meetings

Each Unit is allocated a vote weighted in accordance with the Unit's Allocated Interest; cumulative voting permitted for electing directors (Paragraph 8)

Amendments

Not detailed in excerpt; Paragraph 20 (Amendment) referenced; certain amendments (e.g., assignment of Limited Common Elements) do not require vote under Paragraph 20 (Paragraph 5(d), Paragraph 20)

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