Tesoro at Fiesta

Key facts from Tesoro at Fiesta's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.3, page 7)

Legal name

Fiesta Homeowners’ Association, Inc. (Section 1.3, page 7)

Units / lots

165 (Section 1.14, page 9: 'Lots 1 through 16)

Assessments & dues

Initial prorated: $25.00 per month through June 30, 2007; thereafter set by Board (Section 8.8, page 26)

Special assessments

Requires affirmative vote of Voting Members representing more than 67% of votes allocated to Lots subject to assessment, plus Class B Member if exists (Section 8.5, page 25)

Collections & liens

Association has a lien on each Lot for delinquent assessments, superior except to taxes and first mortgage of record; enforceable by judicial foreclosure (Section 8.7, page 25-26)

Reserves & fees

Board annually prepares reserve budget; capital contribution set to meet projected needs (Section 8.4, page 25)

Use restrictions

Lots are intended for development, use, and occupancy as an attached or detached residence for a single family (Section 1.14, page 9)

Voting & meetings

Two classes: Class A (all owners except Class B) with one vote per Lot; Class B (Declarant) can appoint majority of board during Class B Control Period (Section 3.3, page 13)

Amendments

Article XV governs amendment; no details in excerpted text (Article XV, page 43-44 (table of content)

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