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Arizona Department of Real Estate (ADRE) DOUGLAS A.

DUCEY
Development Services Division GOVERNOR
www.azre.gov
JUDY LOWE
100 N. 15 Ave. Suite 201
th
COMMISSIONER
PHOENIX, AZ 85007

SUBDIVISION DISCLOSURE REPORT


(PUBLIC REPORT)

FOR
Pinelake Condominiums
aka Inspiration at Pinelake

Registration No. DM19-059766


SUBDIVIDER
Lennar Arizona, Inc.
1665 W. Alameda Drive, Suite 130
Tempe, Arizona 85282

Effective Date
December 10, 2019
First Amendment Date: 3/17/20

PROPERTY REPORT DISCLAIMER

This report is NOT A RECOMMENDATION NOR AN ENDORSEMENT by the State of


Arizona of this land. The application and public report have not been subjected to a detailed
examination by the Department. The report was prepared by the Subdivider and none of the
information in this report has been verified by the Department; all information has been accepted
by the Department as true and accurate based on attestation of the Subdivider/or the Subdivider’s
agents. The purchaser should verify all facts before signing any documents. The Department
assumes no responsibility for the quality or quantity of any improvement in this development.

FORM Z3 – Expedited Template 1


FORM Z3 – Expedited Template 2
Arizona Department of Real Estate (ADRE) DOUGLAS A. DUCEY
Development Services Division GOVERNOR
www.azre.gov
JUDY LOWE
100 N. 15 Ave. Suite 201
th
COMMISSIONER
PHOENIX, AZ 85007

Contents
GENERAL ..................................................................................................................................................... 5
SUBDIVISION LOCATION ......................................................................................................................... 5
UTILITIES ..................................................................................................................................................... 5
STREETS, ROADS AND DRAINAGE ........................................................................................................ 7
LOCAL SERVICES AND FACILITIES ....................................................................................................... 8
COMMON, COMMUNITY AND RECREATIONAL FACILITIES ........................................................... 9
ASSURANCES FOR COMPLETION OF IMPROVEMENTS .................................................................... 9
PROPERTY OWNERS ASSOCIATIONS ...................................................................................................10
SUBDIVISION CHARACTERISTICS ........................................................................................................10
SUBDIVISION USE AND RESTRICTIONS ..............................................................................................20
AIRPORTS....................................................................................................................................................21
TITLE ............................................................................................................................................................21
METHOD OF SALE OR LEASE .................................................................................................................21
TAXES AND ASSESSMENTS ....................................................................................................................22

FORM Z3 – Expedited Template 3


THE ARIZONA DEPARTMENT OF REAL ESTATE

REQUIRES THAT:

1. You BE GIVEN this public report;

2. YOU SIGN A RECEIPT indicating that you received this report;

RECOMMENDS:

1. You DO NOT SIGN ANY AGREEMENT before you have read this report;

2. You see the EXACT PROPERTY you are interested in BEFORE SIGNING any
document for lease or purchase.

ARIZONA LAW STATES:

1. THE SALE OR LEASE OF SUBDIVIDED LANDS PRIOR TO ISSUANCE OF THIS


REPORT OR FAILURE TO DELIVER THIS REPORT TO YOU SHALL RENDER
THE SALE OR LEASE RESCINDABLE BY YOU. ACTION TO RESCIND MUST
BE BROUGHT WITHIN 3 YEARS FROM DATE OF EXECUTION OF PURCHASE
AGREEMENT.

2. CONTRACTS OR AGREEMENTS FOR THE PURCHASE OF AN UNIMPROVED


LOT (WITHOUT A BUILDING)* MAY BE RESCINDED BY YOU WITHOUT
CAUSE BY SENDING OR DELIVERING WRITTEN NOTICE OF RESCISSION
BY MIDNIGHT OF THE SEVENTH CALENDAR DAY FOLLOWING THE
SIGNING.

3. IF YOU HAVE SIGNED A PURCHASE AGREEMENT FOR THE PURCHASE OF


AN UNIMPROVED LOT (WITHOUT A BUILDING)* PRIOR TO INSPECTING
THE LOT, YOU HAVE SIX MONTHS TO INSPECT AND UPON INSPECTION
MAY RESCIND THE PURCHASE AGREEMENT.

*A contract or agreement for purchase of a lot which includes a building or


obligates the seller to complete construction of a building within two years from
the contract date does not constitute the purchase of an unimproved lot. Therefore,
if your purchase includes a lot and a building or a building to be built, you are not
entitled to the rescission rights described in paragraphs 2 and 3.

FORM Z3 – Expedited Template 4


Arizona Department of Real Estate (ADRE) DOUGLAS A. DUCEY
Development Services Division GOVERNOR
www.azre.gov
JUDY LOWE
100 N. 15 Ave. Suite 201
th
COMMISSIONER
PHOENIX, AZ 85007

GENERAL

This report includes: Units 100 through 192, inclusive.

The map of this subdivision is recorded in Book 1466 Page 41, records of Maricopa County,
Arizona.

The subdivision is approximately 10.213 acres in size. It has been divided into 93 Condominium
Units.

YOU ARE ADVISED TO OBTAIN A COPY OF THE RECORDED MAP AND


CORRECTION DOCUMENTS, IF ANY, AND NOTE ALL EASEMENTS,
RESTRICTIONS AND STATEMENTS CONTAINED THEREIN.

SUBDIVISION LOCATION

Location: The subdivision is located at the southwest corner of Ocotillo Road and Pinelake Way,
within the City of Chandler (the “City”), Maricopa County, State of Arizona.

UTILITIES

Electricity: Salt River Project, (602) 236-8888, http://www.srpnet.com. Cost to purchasers for
completion of facilities to the unit is included in the purchase price. Purchasers cost to receive
service includes a $30.00 (plus tax) establishment fee for next day service activation or $48.00
(plus tax) establishment fee for same day or Saturday activation. A refundable security deposit
may be required, to be determined after a credit check is complete. Rates, fees and deposits are
subject to change, please contact the utility provider for further details. Once service has been
established, direct user charges will apply.

Telephone: Cox Communications, (623) 594-8759 or (800) 234-3993, www.cox.com. Cost to


purchasers for completion of facilities to the unit is included in the purchase price. Purchasers cost
to receive service includes an installation fee of $75.00, plus tax. Additional fees may be charged
by provider for additional or enhanced services. A refundable security deposit may be required, to
be determined after a credit check is complete. Fees and or deposits are subject to change, please

FORM Z3 – Expedited Template 5


LICENSE NO. DM19-059766 Pinelake Condominiums

contact the utility provider for further details. Once service has been established, direct user
charges will apply.

NOTE: IT IS POSSIBLE THAT YOU MAY NOT HAVE TELEPHONE SERVICE AT


THE TIME OF CLOSING. PURCHASER IS ADVISED TO CONTACT THEIR SERVICE
PROVIDER TO DETERMINE THE STATUS OF TELEPHONE SERVICE. YOU MAY
ALSO WANT TO CONSIDER TEMPORARY ALTERNATIVES, I.E., A CELLULAR
TELEPHONE.

Cable: Cox Communications, (623) 594-8759 or (800) 234-3993, www.cox.com. Cost to


purchasers for completion of facilities to the unit is included in the purchase price. Purchasers cost
to receive service includes an installation fee of $20.00 (self-connect) or $75.00 (professional
connect). Additional fees may be charged by provider for additional or enhanced services. A
refundable security deposit may be required, to be determined after a credit check is complete.
Fees and or deposits are subject to change, please contact the utility provider for further details.
Once service has been established, direct user charges will apply.

NOTE: IT IS POSSIBLE THAT YOU MAY NOT HAVE CABLE SERVICE AT THE
TIME OF CLOSING. YOU ARE ADVISED TO CONTACT YOUR SERVICE PROVIDER
TO DETERMINE THE STATUS OF CABLE SERVICE. YOU MAY ALSO WANT TO
CONSIDER TEMPORARY ALTERNATIVES, I.E., A SATELLITE ANTENNA.

Internet or Fiber Optic: Cox Communications, (623) 594-8759 or (800) 234-3993, website:
www.cox.com. Cost to purchasers for completion of facilities to the unit is included in the
purchase price. Purchasers cost to receive service includes an installation fee of $20.00 (self-
connect) or $75.00 (professional connect). Additional fees may be charged by provider for
additional or enhanced services. A refundable security deposit may be required, to be determined
after a credit check is complete. Fees and or deposits are subject to change, please contact the
utility provider for further details. Once service has been established, direct user charges will
apply.

NOTE: IT IS POSSIBLE THAT YOU MAY NOT HAVE INTERNET SERVICE AT THE
TIME OF CLOSING. YOU ARE ADVISED TO CONTACT YOUR SERVICE PROVIDER
TO DETERMINE THE STATUS OF INTERNET SERVICE. YOU MAY ALSO WANT
TO CONSIDER TEMPORARY ALTERNATIVES, I.E., A SATELLITE ANTENNA.

Water: City of Chandler, (480) 782-2280, website: www.chandleraz.gov. Cost to purchasers for
completion of facilities to the unit is included in the purchase price. Purchaser will be responsible
to arrange and pay for all water services provided to its unit. Monthly water charges are estimated
to be approximately $46.00 per unit subject to change based on use. An account activation fee of
$25.00 (plus tax) will be assessed to all new utility accounts. Anyone who has not established
credit with the City of Chandler Utility Service Division will be required to pay a refundable
security deposit. Subdivider intends that water service to each unit will be metered in some
capacity, and that, as provided in the Declaration (defined below), the Association (defined below)
will bill water fees, usage charges and any other water-related costs to Purchaser as a Metered
Utilities Assessment (as defined in the Declaration). Purchaser will be required to make such
payments to the Association. Rates, fees and deposits are subject to change. Please contact the
utility provider for further details.
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LICENSE NO. DM19-059766 Pinelake Condominiums

NOTE: There will be one (1) water meter that will serve 1 - 2 buildings (3-6 units) and each unit
will have a sub-meter. Water will be billed to and collected through the Association. The
Association may utilize a third-party vendor for these billings. There may be account setup fees
and monthly fees in connection with the billing.

Sewage Disposal: City of Chandler, (480) 782-2280, website: www.chandleraz.gov. Cost to


purchasers for completion of facilities to the unit is included in the purchase price. Purchaser will
be responsible to arrange for and pay for all sewage disposal services provided to its unit. The
Association will bill sewage fees, charges and any other sewage-related costs to Purchaser as a
Metered Utilities Assessment. Purchaser will be required to make such payments to the
Association. Rates, fees and deposits are subject to change. Please contact the utility provider for
further details.

Garbage Services: City of Chandler, (480) 782-2280, website: www.chandleraz.gov. Purchaser


will be responsible to arrange for and pay for all garbage services provided to its unit. The cost to
purchaser for all garbage service fees, charges and any other garbage-related costs is included in
the Metered Utilities Assessment. The monthly service fee is approximately $19.68. Purchaser will
be required to make such payments to the Association. Rates, fees and deposits are subject to
change. Please contact the utility provider for further information. Purchasers are individually
responsible to set up their trash service through the City of Chandler.

Subdivider estimates it will complete the extension of the utilities to the units by May 29,
2020.

PURCHASERS ARE ADVISED TO CONTACT THE ABOVE LISTED PROVIDERS


REGARDING EXTENSION RULES, REGULATIONS, SERVICE CONNECTIONS,
INSTALLATION CHARGES, ACCOUNT SET-UP FEES AND THE COSTS INVOLVED.
COSTS ARE SUBJECT TO CHANGE BY THE SERVICE PROVIDERS.

STREETS, ROADS AND DRAINAGE

Access to the Subdivision: The asphalt paved public streets have been completed to the minimum
standards of the City, which have been accepted by the City for maintenance. Costs to purchasers
for maintenance are included in the property taxes.

Access within the Subdivision: The Subdivider estimates that it will complete the asphalt paved
private streets to the minimum standards of the City on or about May 29, 2020, which will then be
accepted by the Association (defined below) for maintenance. Purchasers costs for maintenance
are included in the Association assessments.

Street Lights: The Subdivider estimates that it will complete the streetlight improvements on or
about May 29, 2020. Electricity will be paid for by the Association. Purchasers costs are included
in the Association assessments.

FORM Z3 – Expedited Template 7


LICENSE NO. DM19-059766 Pinelake Condominiums

Flood and Drainage: The Subdivider estimates that the typical street drainage, drainage tracts and
retention tracts will be completed on or about May 29, 2020, which will then be accepted by the
Association for maintenance. Costs to purchasers for maintenance are included in the Association
assessments.

Arizona State Trust Land: The Arizona State Land Department administers over 9.3 million
acres of State Trust Land. This is not public land. Trust land may be subject to future development
and may not be preserved or saved for open space without compensation.

A person must have prior approval to use State Trust Land. Temporary recreational use is allowed
with certain restrictions and conditions through purchase of a recreational permit. Use of State
Trust Land without proper approval is a trespass.

MANY ROADS ON RURAL TRUST LANDS ARE NOT LEGAL TRAVEL ROUTES,
EXCEPT FOR STATE LESSEES AND HUNTERS, AND DO NOT PROVIDE LEGAL
ACCESS TO PRIVATE LAND. STATE TRUST LAND MAY BE SOLD OR LEASED FOR
USES WHICH MAY EXCLUDE RECREATION. RECREATION IS A TEMPORARY USE
THAT MAY BE TERMINATED AT ANY TIME.
For additional information, visit the State Land Department web page at www.land.state.az.us, or
call (602) 542-4631.

LOCAL SERVICES AND FACILITIES

Schools:

Elementary: Fulton Elementary School (K-6), 4750 S. Sunland Drive, Chandler, Arizona 85248,
(480) 224-3300, approximately 1 mile southwest of the subdivision.

Junior High: San Tan Junior High School, (7-8), 1550 East Chandler Heights Road, Chandler,
Arizona 85249, (480) 883-4500, approximately 1 ½ miles southeast of subdivision.

High School: Hamilton High School, (9-12), 3700 S. Arizona Avenue, Chandler, Arizona 85248,
(480) 883-5000, approximately ½ mile northwest of subdivision.

SCHOOL BUS TRANSPORTATION WILL ONLY BE PROVIDED TO STUDENTS


RESIDING OUTSIDE THE SCHOOLS DESIGNATED WALKING DISTANCE.
PURCHASERS SHOULD CONTACT THE SCHOOLS TO DETERMINE THE
AVAILABILITY OF SCHOOL BUS TRANSPORTATION.

PURCHASERS ARE ADVISED THAT SCHOOL BOUNDARIES AND SCHOOL BUS


TRANSPORTATION MAY CHANGE. YOU SHOULD CONTACT THE CHANDLER
UNIFIED SCHOOL DISTRICT # 80 AT (480) 812-7000 OR WWW.CUSD80.COM FOR
VERIFICATION OF THE CURRENT LOCATION OF SCHOOLS AND BUS SERVICE.
ADDITIONAL INFORMATION REGARDING SCHOOLS AND DISTRICTS CAN BE

FORM Z3 – Expedited Template 8


LICENSE NO. DM19-059766 Pinelake Condominiums

FOUND AT THE FOLLOWING WEBSITES: WWW.GREATSCHOOLS.NET AND


WWW.SFB.STATE.AZ.US.

Shopping Facilities: Target, 3777 S, Arizona Ave, Chandler, approximately .2-miles north of
subdivision. Sprouts Farmers Market, 2855 S. Alma School Road, Chandler, approximately 1 ½
miles northwest of subdivision. Albertsons, 3145 S Alma School Road, Chandler, approximately
1 ½ miles northwest of subdivision. Safeway, 4970 S. Alma School Road, Chandler,
approximately 1 ½ miles southwest of subdivision.

Public Transportation: Valley Metro Transit’s closest bus stop is located at Ocotillo Road and
Basha Road approximately 1 ¼ miles west of subdivision.

NOTE: Bus routes and schedules are subject to change. For additional information, please
contact the Valley Metro Transit System at (602) 253-5000 or visit the website at
www.valleymetro.org.

Medical Facilities: UCR Health Centers, 2745 S. Alma School Road, Chandler, Arizona,
approximately 1 ¾ miles northwest of subdivision, Banner Health Center, 1435 S. Alma School
Road, Chandler, Arizona, approximately 2 ¾ miles northwest of subdivision, and Chandler
Regional Medical Center, 475 S. Dobson Road, Chandler, Arizona, approximately 5 miles
northwest of subdivision.

Fire Protection: Provided by the City of Chandler Fire Department, with cost to purchasers
included in the property taxes.

Ambulance Service: Ambulance service is available by dialing 911.

Police Services: Provided by the City of Chandler Police Department.

LOCATIONS AND COSTS OF THE ABOVE SERVICES AND FACILITIES MAY


CHANGE. YOU SHOULD VERIFY THEIR CURRENT LOCATIONS AND COSTS
PRIOR TO PURCHASE.

COMMON, COMMUNITY AND RECREATIONAL FACILITIES

Within the Subdivision: The landscaped common area tracts, tot lot, ramada, pool with restroom
facility and turf areas are estimated to be completed by the Subdivider on or about May 29, 2020,
and, upon completion, will be accepted by the Association for maintenance. Cost to purchasers
for maintenance is included in the Association assessments.

Treated effluent, also sometimes referred to as reclaimed or non-potable water, will be used to
maintain open space, common areas and landscape tracts.

ASSURANCES FOR COMPLETION OF IMPROVEMENTS

FORM Z3 – Expedited Template 9


LICENSE NO. DM19-059766 Pinelake Condominiums

Assurances for Completion of Subdivision Facilities: The Subdivider has provided Performance
Bonds to the City to assure completion of the subdivision and roadway improvements.

Assurances for Maintenance of Subdivision Facilities: The Declaration of Condominium and


of Covenants, Conditions and Restrictions for Pinelake, a Condominium (the “Declaration”)
provides for the Association to maintain all private streets and Common Elements (as defined in
the Declaration) except for the Limited Common Elements (as defined in the Declaration) that the
Unit Owners (as defined in the Declaration) are obligated to maintain, repair and replace. Utility
companies are to maintain their respective utilities.

PROPERTY OWNERS ASSOCIATIONS

Name and Assessments: Pinelake Condominium Association (the “Association”). Property


owners will be required to pay association assessments in the amount of $227.00 per month. A
working capital fee in an amount equal to 1/6th of the current annual Common Expense Assessment
(as defined in the Declaration) and a reserve fee in an amount equal to 1/6th of the current annual
Common Expense Assessment will be payable by purchaser to the Association at the close of
escrow for purchaser’s unit. Property owners may also be subject to Metered Utilities Assessments
and Special Assessments (as defined in the Declaration). The amount of any assessments or fees
due under the Declaration are subject to adjustment from time to time in accordance with the
Declaration.

Control of Association: The Declaration provides that control of the Association will be turned
over to Unit Owners on the earlier of “(i) 90 days after the conveyance to Unit Owners other than
a Declarant of 75% of the Units that may be created, including any Units that can be created upon
the unconditional annexation of the Conditionally Annexed Property, or (ii) 4 years after all
Declarants have ceased to offer Units for sale in the ordinary course of business, or (iii) the date
that the Declarant notifies the Board of Directors in writing that it is electing to terminate the
Period of Declarant Control.”

Title to Common Areas: Subdivider advises that undivided interests in the Common Elements
(as defined in the Declaration) shall be allocated equally among the units. The Declaration provides
that each Unit Owner (as defined in the Declaration) will receive an undivided interest in the
Common Elements at time of conveyance of the unit.

Membership: All Unit Owners will be members of the Association.

PAYMENTS TO PROPERTY OWNERS ASSOCIATIONS ARE SUBJECT TO CHANGE


IN ACCORDANCE WITH RECORDED RESTRICTIONS. SAID ASSOCIATIONS MAY
ALSO IMPOSE SPECIAL ASSESSMENTS.

SUBDIVISION CHARACTERISTICS

FORM Z3 – Expedited Template 10


LICENSE NO. DM19-059766 Pinelake Condominiums

Topography: Land is level.

Flooding and Drainage: Ryan Weed, PE, President, CEO of Coe & Van Loo Consultants, Inc.,
in his letter dated October 4, 2019, states that:

“Pinelake is a residential subdivision development within Maricopa County and is located on the
south side of Ocotillo Road. The site is located in a portion of Section 22, Township 2 North,
Range 5 East of the Gila & Salt River Base and Meridian, Maricopa County, Arizona.

Runoff from the site will be directed via surface drainage on the street and through storm drains to
retention basins located within the subdivision. The retention basins provide storage volume for
the 100-yr storm event as per the requirement of Maricopa County and the City of Chandler.

Each finished floor for the buildings within the subdivision have been engineered to be elevated a
minimum of 14 inches above each lot outfall, a minimum of one foot above the ultimate outfall of
the subdivision and a minimum of one foot above the calculated 100-year water surface elevation
of the retention areas.

The subdivision is located within Flood Insurance Rate Map (FIRM) 04013C-3102 M for
Maricopa County and Incorporated Areas with a map revision date of November 4th, 2015. The
FIRM indicates the site to be located within Zone X. This Zone X is defined by FEMA as follows:

“Areas of 0.2% annual chance flood; areas of 1% chance flood with average depths of less than
1 foot or with drainage areas less than 1 square mile; and areas protected by levees from the 1%
annual chance flood.”

According to National Flood Insurance Policy (NFIP), flood insurance is not required for
homeowners located in Zone X. As all lots within the Pinelake subdivision are located within Zone
X, flood insurance will not be required by NFIP, but public or private lending institutions or other
parties may require it.”

Soils: Subdivider advises that all soil, by its very nature, exhibits some expansive and/or
subsidence potential. Daniel Chitila, M.S.E., E.I.T, Geotechnical Project Manager and Sean P.
Fabor, P.E., Principal of ALTA Arizona Survey, Engineering and Geotech, in their letter dated
April 16, 2019, state that:

“As requested, Alta Arizona (Alta) has completed our geotechnical study of the site in general
accordance with our proposal. Our report presents our findings, conclusions based on current site
conditions and standard of practice for this geographical area, and geotechnical recommendations
for site development at the referenced project. The site development is assumed to be 1 to 2 story
detached single-family residential structures, with infrastructure development consisting of
interior streets, on-site drives, sidewalks, underground utilities, and retaining/site walls.

The field investigation and laboratory testing show the surface and subsurface soils consist
predominantly of coarse-grained sand soils, some gravel, no plasticity. The amount of gravel is
generally from 1.2 to 39.4% by weight and the expansive potential upon wetting is very low.

FORM Z3 – Expedited Template 11


LICENSE NO. DM19-059766 Pinelake Condominiums

Structural slabs (post-tensioned or reinforced mat) are recommended to support the proposed
structures.

Settlement values are anticipated to be within the accepted structural allowances for post-tension
slab design provided any grading is performed in strict accordance with this report, structures do
not have heavy concentrated loadings, and foundations and slabs are generally loaded uniformly
to minimize localized settlements. Care should be taken in the planning of landscaping to avoid
features which could result in the fluctuation of the moisture content of foundation bearing and/or
flatwork subgrade soils. Overwatering the landscape areas and ponding water near the structures
can adversely affect proposed site improvements.

Based on information provided to us by our client, our exploration and field testing, laboratory
testing, and engineering analyses, it is our professional opinion that the referenced site is
acceptable for development from a geotechnical engineering perspective as long as all the
recommendations presented within the report are followed.”

POST-TENSION SLABS:
Lennar Arizona uses post-tension slabs in the construction of our homes. Injury could occur
if the slab is cut or altered without the supervision of an engineer.

Adjacent Lands and Vicinity:

North: Agriculture, RU-43


East: Agriculture, PAD
South: SRP Electrical Sub-station, PAD
West: Railroad Tracks, Industrial, Storage Facility, PAD

NOTE: The zoning information is current as of the date of this application. Purchaser is
advised that zoning information is subject to change. Owners of the adjacent land described
above may seek to rezone their property, may seek zoning variances for their property or
may modify their site plan within existing zoning. Consequently, no assurance can be given
that the zoning or uses for the adjacent lands will not change from that described above. All
zoning is subject to change. For more information please contact City of Chandler Planning
& Zoning Department at (480) 782-3000, website www.chandleraz.gov

ALL DISTANCES ARE APPROXIMATE.


North
• City of Chandler Recycling-Solid Waste Collection Center, approximately 1 mile
• City of Chandler Water Treatment Plant, approximately 1 mile
• Willis Junior High School, approximately 2 miles
• Frye Elementary School, approximately 3 ½ miles
• San Tan Freeway (202), approximately 2 ¾ miles
• Kinder Morgan Pipeline, approximately 2 ¾ miles
• Chandler Municipal Airport, approximately 1 ½ miles
• Airport Water Reclamation Facility, approximately 1 miles
• Arizona Railway Museum, approximately 1 ½ miles

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LICENSE NO. DM19-059766 Pinelake Condominiums

• Tumbleweed Park, approximately 2 miles


• Chandler Sewer Maintenance Center, approximately 2 ¼ miles
• Price Freeway (101), approximately 4 ¾ miles
• Eastern Canal, approximately 2 ¾ miles
• Kinder Morgan Pipeline, approximately 3 ½ miles
• Stellar Airpark, approximately 6 miles

South
• Valley of the Sun Memorial Park, approximately 1 ¼ miles
• Cooper Substation, approximately 2 ¼ miles
• Gila River Indian Community, approximately 3 miles
• SRP Substation, adjacent

East
• Consolidated Canal, approximately ¼ mile
• Fire Station, approximately 2 ¼ miles
• Reverse Osmosis Recharge Facility & Brine Evaporation ponds, approximately 2 ½ miles
• Roosevelt Water Conservation Extension Canal, approximately 3 miles
• Paseo Vista Recreation Area, approximately ½ miles
• Spectrum Irrigation Water Delivery District Plant, approximately 2 ½ miles
• SRP Turpen Substation, approximately 2 ½ miles
• Alamosa Water Reservoir(s), approximately 2 ½ miles

West
• State Highway 87, approximately ¼ mile
• Union Pacific Railroad, approximately ¼ mile
• Hamilton Aquatic Center, approximately ½ miles
• Library, approximately ½ miles
• Consolidated Canal, approximately 1 ¼ miles
• Snedigar Sportsplex, approximately 1 ½ miles
• Basha Road Water Reservoir, approximately 1 ½ miles
• Dobson Park, approximately 2 ½ miles
• Chuparosa Park, approximately 3 miles
• Basha Elementary School, approximately 1 ¼ miles
• Ocotillo Golf Club, approximately/4 miles
• Chandler Wastewater Treatment Facility, approximately 3 ¼ miles
• Chandler Fire Department Training Center, approximately 3 ¼ miles
• Gila River Indian Community, approximately 3 ½ miles
• Memorial Airfield (private), approximately 3 ½ miles
• Chandler/Intel Recharge Facility, approximately 3 ¼ miles
• Interstate 10, approximately 6 miles

Environmental Disclosure: Purchaser is advised that according to the Phase I Environmental Site
Assessment for the subdivision, prepared by The McGovern Group, LLC (“TMG”), dated June 9,
2017 (the “ESA”), three properties within the vicinity of the subdivision were identified in a review
of readily available local, state, and federal standard environmental databases. Two properties were
FORM Z3 – Expedited Template 13
LICENSE NO. DM19-059766 Pinelake Condominiums

identified on the Federal RCRA Generators List for “sites which generate, transport, store, treat
and/or dispose of hazardous waste as defined by the Resource Conservation and Recovery Act
(RCRA).” This list identified one small quantity generator located approximately .181 miles west
southwest of the subdivision and one small quantity generator located approximately .209 miles
north northwest of the subdivision. TMG concluded that these “sites do not represent recognized
environmental conditions for the Property due to the groundwater gradient and the fact that the
sites have no outstanding violations.” One site was identified on the State and Tribal Leaking
Underground Storage Tanks (“LUST”) Incident Report approximately .261 miles west northwest
of the subdivision, but TMG concluded that “based on the closed status of the LUST incident, this
listing does not represent a recognized environmental condition or an environmental concern for
the Property.”

County Land: County zoned land is located adjacent to the subdivision immediately to the north
of the subdivision. Subdivider makes no representation or warranty with respect to future land
uses on these properties or any rights an adjacent property owner may have to protest or influence
future land uses. County zoned property allows for uses that may not be compatible with the
subdivision’s City zoning, including but not limited to, horse and other animal privileges, and farm
uses. For further information, contact the Maricopa County Planning & Development Department
at (602) 506-3301 or e-mail to pdcustomerservice@mail.maricopa.gov.

Community Park: The Snedigar Sportsplex Community Park ("Park") is located 1 ½ miles west
to the subdivision. The Park is open to the public and includes grass areas, baseball fields, softball
fields, soccer fields, cricket field, a skate park, a dog park, restrooms, parking and other facilities.
Such recreational facilities may be lighted for night use. The use of the Park may cause noise,
traffic, lights and glare at night and other impacts that may be disruptive to you at all hours of the
day and night.

Reverse Osmosis Facility: A reverse osmosis facility is located at 3737 S. Old Price Road,
approximately 3 ¼ miles west of the subdivision. Intel partnered with the City to build this state-
of-the-art facility to recover the water Intel uses in their manufacturing process. The facility uses
reverse osmosis and microfiltration to treat the water to high-quality standards before returning
it to the aquifer using injection wells at a site near the plant as well as at the Chandler/Intel
Recharge Facility. There are four aquifer storage and recovery wells (“ASR”), miscellaneous
pumping and disinfection equipment at this site. The ASR wells inject treated wastewater into
the upper water table. This stored water can later be recovered by these same wells. Future
plans include increasing the capacity of the pumping and disinfection equipment as well as
adding several new ASR wells. These wells are located along Old Price Road between the
Ocotillo Water Reclamation Facility and the Reverse Osmosis Facility. For more information
about the ASR wells, call (480) 782-3587. Potential drawbacks of living near the reverse osmosis
facility may include continual low-level security lighting, as well as construction-related
disturbances, such as noise generated by routine maintenance and repair of facilities and
operation of on-site generators for monthly testing or emergency use. Future planned
expansion of the facility also may cause increased traffic. For more information, call (480)
782-3560.

Fire Station and Training Center: Due to the proximity of fire stations as well as the Chandler
Fire Department Training Center located approximately 3 ¼ miles west, this subdivision may
experience an increased amount of noise, traffic, lights and other effects associated with these

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LICENSE NO. DM19-059766 Pinelake Condominiums

types of facilities at all hours of the day and night from emergency vehicles. For more information,
contact the Chandler Fire Department at (480) 782-2120.

Airport Water Reclamation Facility: A water reclamation facility is located at 905 E. Queen
Creek Road, approximately 1 miles north of the subdivision. The reclaimed water is used to
fill lakes and irrigate golf courses and grassy common areas in neighborhoods or is pumped to
the City’s Tumbleweed Park where it is used to "recharge" the upper groundwater table through
a series of wells. The facility recently underwent a $19 million expansion enabling it to treat
up to 10 million gallons of wastewater per day. Potential drawbacks of living near the
reclamation facility may include occasional odor and/or insects, continual low-level security
lighting, as well as construction-related disturbances, such as noise generated by routine
maintenance and repair of facilities and operation of on-site generators for monthly testing or
emergency use. Future planned expansion of the facility also may cause increased traffic. For
more information, call (480) 782-3720.

Alamosa Water Reservoir(s): The Alamosa Water Reservoir is located near the southwest corner
of S. Gilbert Road and E. Ocotillo Road on the site of the Chandler/Intel Recharge Facility,
approximately 2 ½ miles east of the subdivision. To meet high water demands, the City requires
the storage of large amounts of water in tanks distributed throughout the City. These tanks fill
during times of low demand and the water is pumped back into the distribution system when
demand rises. A water production well is often associated with such sites, and such a well (the
Norman Way well) is planned for construction on the southeast corner of S. Norman Way and E.
Ocotillo Road. The Municipal Utilities Department owns property near the southwest corner of
Ocotillo and Gilbert Roads and may develop such property with a water treatment plant in the
future should the need arise. Potential drawbacks of living near a reservoir may include continual
low-level security lighting, as well as construction-related disturbances, such as increased traffic,
noise generated by pumps and equipment, routine maintenance and repair of facilities and
operation of on-site generators for monthly testing or emergency use. Future planned expansion of
the facility also may cause increased traffic. The site will attract aquatic wildlife, insects and birds.
For more information, contact Project Manager, (480) 782-3587, Assistant Municipal Utilities
Director, (480) 782-3411, or Public Information Officer, (480) 782-2225.

Kinder Morgan Gas Pipelines: Fuel pipelines, which are used for delivering refined petroleum
products from Tucson to Phoenix, are located along the Pecos Road right-of-way. The pipeline
is owned, operated and maintained by SFPP, L.P., and its principal Kinder Morgan Energy
Partners, L.P. (“Kinder Morgan”) and the installation, operation and maintenance of the
pipelines are under the sole control of Kinder Morgan. For detailed information, prospective
purchasers should contact Kinder Morgan at (713) 369-9000 or visit their website at
www.kindermorgan.com.

Union Pacific Railroad: Due to the close proximity of the Union Pacific Railroad tracks, unit
owners may experience traffic, vibrations, noise, dust, odors, train derailments, and other
nuisances associated with these uses. These areas may also pose safety hazards to unsupervised
children and adults. The railroad may operate 24 hours a day, 7 days per week. Union Pacific
Railroad has advised there are no pre-determined hours of operation. Purchaser is encouraged

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LICENSE NO. DM19-059766 Pinelake Condominiums

to drive within the vicinity of the subdivision to determine whether additional items of
concern may exist. For further information, contact Union Pacific Railroad at (602) 322-2530
or visit their website at www.up.com.

City of Chandler Well-Drilling: The City has an on-going well-drilling program to help ensure
its residents have a safe and reliable water supply. As the City grows, so does the demand for
water. With water demand rising, and older wells phasing out, new wells are needed. The City
typically drills a test well at a location as the first step in determining the feasibility of a site for
the production of potable water. Water sampling is performed to determine the quality of water.
If results are positive, the City meets with residents in the area of the well site to discuss the
potential construction of a permanent well. For further information please call (480) 782-
2225.

City of Chandler Sewer Maintenance-Service: Due to the proximity of Chandler City


Government: Sewer Maintenance-Service, located at 1800 S. McQueen Rd. Chandler,
approximately 2 ¼ miles north of this subdivision, purchasers may from time to time experience
noise, odors and dust associated with these operations, which some individuals may find
objectionable. For further information regarding the Chandler City Government: Sewer
Maintenance-Service, please contact them directly at (480) 782-3600.

City of Chandler Landfill and Transfer Station: This facility is located at 3200 S. McQueen
Road, approximately 1 miles north of the subdivision. The subdivision, due to the proximity
to the landfill/transfer station and the transport of waste to and from these facilities, may from
time to time experience noise, odors and dust associated with landfills, which some individuals
may find objectionable. Purchaser is advised to independently investigate these matters.
For further information regarding the City of Chandler Landfill/Transfer station, please contact
the City of Chandler Landfill at (480) 782-3510.

Sewer Lift Stations: There are many sewer lift stations located in the City. Sewer lift
stations are usually underground concrete bunker-like facilities that link to sanitary sewer
distribution mains. Air filtering systems are utilized to control odors that might otherwise escape
from the facility. Potential drawbacks may include occasional odor, low-level security lighting,
and construction related disturbance. For further information contact the City at (480) 782-
3600 or visit their web site at www.chandleraz.gov for listings of the locations.

Chandler Municipal Airport: This subdivision, due to its proximity to the Chandler
Municipal Airport located at 2380 S. Stinson Way, approximately 1 ½ miles north of the
subdivision, is likely to experience aircraft overflights which may produce noise, vibrations,
fumes, dust, fuel and lubricant particles or other effects of air traffic that may be undesirable
to prospective buyers. Please be advised that aircraft types, flight patterns, and volume could
change. For information regarding current and future plans for the airport, air traffic volume
and flight patterns, please contact the City of Chandler Planning Department at (480) 782-3000
or the Chandler Municipal Airport at (480) 782-3540, or visit their web site at
www.chandleraz.org.

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Gila River Indian Community: The Gila River Indian Community is located approximately ¾
mile southwest, approximately 3 miles west, approximately 3 miles south and approximately 3
½ miles west of the subdivision. Subdivider makes no representation or warranty with respect
to future land uses on the Gila River Indian Community nor as to any rights an adjacent property
owner may have to protest or influence future land uses. Land use changes within the Gila
River Indian Community are not subject to mandatory public notice and hearing requirements
and procedures that are common in many municipalities. Please contact the Gila River Land
Use Planning and Zoning Department at 525 West Gu U Ki, Sacaton, Arizona 85247, (520)
562-9500, website: www.gric.nsn.us/newdirection.

THIS SUBDIVISION IS LOCATED WITHIN FIVE MILES OF AN AMERICAN INDIAN


RESERVATION. ACTIVITIES ON THE RESERVATION INCLUDE OR MAY
INCLUDE OPEN RANGE, AGRICULTURAL OPERATIONS, AIRCRAFT
OPERATIONS, INDUSTRIAL OPERATIONS AND DAIRY FARMS. A RESERVATION
HAS ITS OWN LAWS GOVERNING THE LAND WITHIN ITS BOUNDARIES. THESE
MAY INCLUDE TRESPASSING, DUMPING, ARCHAEOLOGY, HUNTING, FISHING,
ETC. IN ADDITION, CERTAIN AREAS OF THE RESERVATION MAY BE
NONPUBLIC-CLOSED AREAS WHICH REQUIRE SPECIAL PERMISSION TO
ENTER. THOROUGHFARES AND ROADS ON THE RESERVATION MAY NOT BE
AVAILABLE FOR PUBLIC USE.

Paseo Vista Recreation Park: Subdivider advises that the City has converted a landfill to a
recreational park (Paseo Vista Recreation Park). This site is located at the northwest corner of
Ocotillo Road and McQueen Road, approximately ½ mile east of the subdivision. The ESA states
that the “City of Chandler is required to monitor the site for at least 30 years to protect groundwater
and the surrounding properties”, and TMG concluded that the site “does not represent a current
recognized environmental condition for the Property.” For more information, purchaser is
encouraged to contact Chandler Public Affairs at (480) 782-2220 or the City of Chandler’s
Citizen’s Assistance Specialist at (480) 782-4636 or visit their website at www.chandler.az.gov.

Honeywell Santan Jet Engine Facility: The Honeywell Santan Jet Engine Facility encompasses
225 acres on the Gila River Reservation and is about 2 ¼ miles from the intersection of Higley and
Hunt Highway to the border of the facility parking area (approximately 7 miles southeast of the
subdivision). The facility tests many different engines at different conditions using different
equipment. Run hours vary yearly based on the requirements of its engine development programs.
Although the facility is not located in the City, loud noise generated from the site could be a
potential drawback of living near the area.

SRP Substations: The Roth 69kV substation is located west of Dobson Road on Ocotillo Road
approximately 2 ½ miles southwest of the subdivision, and the Hoopes 69kV substation and the
Synergy 69kV substation are located approximately ½ mile south of Ocotillo Road, west of
Dobson Road on the Intel property approximately 2 ½ miles southwest of the subdivision.

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LICENSE NO. DM19-059766 Pinelake Condominiums

Price Road Corridor (“PRC”) 230kV Transmission Line Siting Project: SRP’s PRC 230kV
Transmission Line Siting Project consists of a new double-circuit 230kV line from the Knox
Substation, near Pecos Road and 56th Street, to a new 230 kV substation (referred to as RS-27).

Subdivider has no control over the location of the PRC 230kV Transmission Line Siting Project.
For additional or updated information on this project and the proposed routes please visit the
project website at www.priceroadcorridor.com. For any questions regarding site new SRP facilities
please visit the SRP Public Involvement website at www.srpnet.com/projects or call SRP Public
Involvement at (602) 236-2872.

INFORMATION ON A PROPOSED OR EXISTING TRANSMISSION LINE AND


SUBSTATION MAY BE AVAILABLE FROM THE ARIZONA CORPORATION
COMMISSION OR FROM THE UTILITY COMPANY. IN ADDITION TO THE ABOVE
DISCLOSED INFORMATION, PURCHASER SHOULD CONTACT THE UTILITY
COMPANY FOR FURTHER AVAILABLE INFORMATION WHICH MAY INCLUDE
STRUCTURE HEIGHTS, SCHEMATICS OF WHAT THE STRUCTURES WILL LOOK
LIKE AND CONSTRUCTION SCHEDULES.

Nearby Agricultural Operations: The subdivision is located adjacent to and within the vicinity
of rural and agricultural properties, including ranchette and animal privilege properties.
Agricultural property may be subject to chemical treatment, including aerial spraying of chemicals,
defoliants, pesticides and fertilizers, and the use of farm equipment, which may produce dust,
chemicals and particles in the air, unpleasant odors and noise. Irrigation ditches on surrounding
properties may pose a safety hazard to unsupervised children and adults. Purchaser is advised
that agricultural properties with horse and animal privileges may be legal and should be
expected to continue indefinitely. Accordingly, the subdivision may be subject to noise, dust,
insects and odors associated with such agricultural operations. For further information on the
future uses of agricultural areas, purchasers should contact the City of Chandler Planning and
Development Department at (480) 782-3000.

Historical Agricultural and Dairy Operations: Purchasers are advised that the former uses of
the property on which the subdivision is located included agricultural and dairy operations.
Purchasers acknowledge that the application of pesticides and fertilizers is likely to have occurred
on the property. Purchaser is advised to independently investigate this matter. For further
information regarding pesticides, contact the Arizona Department of Environmental Quality, 1110
West Washington Street, Phoenix, AZ 85007, (602) 771-2300; the Arizona Department of
Agriculture, Environmental Services Division, 1688 West Adams, Phoenix, AZ 85007, (602) 542-
0903; the U.S. Environmental Protection Agency, Ariel Rios Building, 1200 Pennsylvania
Avenue, N.W., Mail Code 3213A, Washington DC 20460, (202) 272-0167; or the Agency for
Toxic Substances and Disease Registry, Division of Toxicology, 1600 Clifton Road NE, Mailstop
E-29, Atlanta, GA 30333, (888) 422-8737, or search their respective websites at
www.adeq.state.az.us, www.agriculture.state.az.us, www.epa.gov, or www.atsdr.cdc.gov.

Chandler/Intel Recharge Facility: This 35-acre site, located near the southwest corner of S.
Gilbert Road and E. Ocotillo Road, approximately 3 ¼ miles west of the subdivision, is home to a
groundwater recharge facility. The facility consists of a series of injection wells that recharge the
City’s aquifer with approximately one million gallons a day of high-quality reclaimed water

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LICENSE NO. DM19-059766 Pinelake Condominiums

(effluent). The reclaimed water is piped to the location from Chandler’s Reverse Osmosis Facility
located in southwest Chandler. There are also five evaporation ponds onsite. Construction of a
two-million-gallon drinking water storage tank at this site was completed in August 2006
(Alamosa Water Reservoir). Potential drawbacks of living near a recharge facility may include
continual low-level security lighting as well as construction-related disturbances, such as noise
generated by pumps and equipment, routine maintenance and repair of facilities. Future planned
expansion of the facility also may cause increased traffic. The site will attract aquatic wildlife,
insects and birds. For more information, contact Project Manager, (480) 782-3587, Assistant
Municipal Utilities Director (480) 782-3411, or Public Information Officer, (480) 782-2225.

Ongoing Construction and Sales Activity: There is likely to be a significant amount of


construction related activity (e.g. construction traffic, on-site rock crushing areas and off-
site rock crushing areas, blasting of rock, hauling of construction materials) and the resulting
dust, dirt, debris and noise at varying times of the day. The construction and sales of homes
in the initial and subsequent phases may cause you some inconvenience (e.g. noise and dust
from construction traffic, increased noise from construction activities which may commence
earlier during summer hours, travel delays due to construction traffic and prospective
buyers visiting the models and sales offices). Further, due to ongoing construction and sales
activity, public infrastructure, public and private utilities (e.g. water, electricity, telephone,
cable television, sewers, storm drains, etc.) servicing your home may be temporarily
interrupted and/or adversely affected. You must exercise extreme caution and observe all
signs that may be posted when driving through a construction zone. Construction sites are
inherently dangerous and it is your responsibility to supervise children under your care to
prevent them from entering areas under construction without permission or supervision and
you and your guests, invitees and contractors are required to comply with applicable rules.

Construction Traffic: During the construction of additional roads, widening of existing roads,
and construction of industrial, commercial and residential projects, additional vehicle traffic
(including heavy construction vehicles), dust, noise (including construction noise in the early
mornings), etc. may exist.

Model Units: Units situated adjacent to or in the vicinity of the model units may experience an
additional amount of noise, lighting, signage, and vehicular and pedestrian traffic typically
associated with such activities.

Non-Owner Occupied Homes: The potential exists that a portion of the homes sold within the
subdivision may include investor (non-owner occupied) homes. An investor may lease the home
for investment income, occupy the home while trying to resell, or leave the home vacant until
resale.

Major Streets, Highways and Freeways: Due to the proximity of major arterial streets, highways
and freeways, this subdivision may experience noise, traffic, lighting or other effects that may be
of concern to some individuals. These streets, highways and freeways may pose a hazard to
children and adults. Purchasers are advised to independently investigate this matter.

Nearby Activity: Numerous community parks, churches, schools and city and private facilities
are located adjacent and up to five miles from this subdivision. Homeowners should be aware that

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LICENSE NO. DM19-059766 Pinelake Condominiums

activities may take place at some of these facilities at all times of the day or night. Noise, lighting,
dust, odors, signage as well as increased vehicle and pedestrian traffic may be associated with
these activities. These activities may be of concern to some individuals.

Scorpions and Other Pests and Animals: Cockroaches, snakes, black widow spiders, centipedes,
scorpions and other pests and animals are common in parts of Arizona. Fortunately, most pests
can be controlled with pesticides. Scorpions, on the other hand, may be difficult to eliminate.
Purchasers with concerns should seek the advice of a pest control company. If these or any other
creatures are a concern, purchaser may contact the Maricopa County Cooperative Extension Office
at (602) 470-8086, or visit their website at http://ag.arizona.edu/maricopa/garden/ or visit
www.desertusa.com.

YOU ARE ADVISED TO DETERMINE FOR YOURSELF WHAT AFFECT, IF ANY, THE
USES ADJACENT TO OR IN THE VICINITY OF THE SUBDIVISION WILL HAVE ON
THE USE AND ENJOYMENT OF YOUR UNIT.

Subdivider has used its best efforts in an attempt to disclose all noteworthy activities and
conditions surrounding this subdivision using the resources reasonably available to
Subdivider at the time this Public Report was prepared. This information may change from
time to time. Prospective purchasers are encouraged to (i) drive the areas surrounding the
subdivision (at different times of the day) to determine whether there exists any activities or
conditions that may be of concern to Purchaser and (ii) determine to Purchaser’s own
satisfaction whether or not the items mentioned in this Public Report or discovered by
Purchaser’s own inspections are of concern to Purchaser.

SUBDIVISION USE AND RESTRICTIONS

Use: This offering is for Improved Lot (Lot with Dwelling)


Zoning: Single Family Residential

Conditions, Reservations and Restrictions: As stated in the recorded Declaration and as stated
in the Articles of Incorporation and By-Laws of the Association.

PURCHASERS ARE ADVISED THAT THE RECORDED DECLARATION OF


COVENANTS, CONDITIONS AND RESTRICTIONS FOR THIS SUBDIVISION
PROVIDES FOR ARCHITECTURAL CONTROL.

Restrictions and Other Matters of Record: Conditions, reservations and restrictions that may
run with the land including City or County zoning restrictions should be investigated by you.
Copies of those items which are recorded may be inspected at the Office of the Maricopa County
Recorder. Information about zoning may be obtained at the Office of the City of Chandler Planning
and Zoning Department. Restrictions are recorded as cited in the following title exceptions and per
the subdivision plat.

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AIRPORTS

Public Airport: Chandler Municipal Airport, 2475 S. Airport Boulevard, Chandler, Arizona,
approximately 1 ½ miles northeast.

SUBDIVISION IS LOCATED WITHIN TERRITORY IN THE VICINITY OF


CHANDLER MUNICIPAL AIRPORT. FLIGHTS MAY PRODUCE AIRCRAFT NOISE
AS A RESULT OF FLIGHT OPERATIONS.

See Exhibit “B” attached for a map illustrating the noise contours and overflight patterns of
Chandler Municipal Airport.

TITLE

Title to this subdivision is vested in Lennar Arizona, Inc., an Arizona corporation.

Subdivider’s interest in this subdivision is evidenced by fee title.

Title is subject, among other things, to all taxes, assessments, covenants, conditions, restrictions,
limitations, reservations, rights, obligations, powers, easements, rights of way, liens, and charges
of record. YOU SHOULD INVESTIGATE THE TITLE AND SATISFY YOURSELF AS TO
WHAT EFFECT, IF ANY, THESE MATTERS MAY HAVE ON THE USE OF THE LAND.
Title exceptions affecting the condition of title are listed in the Preliminary Title Report dated
March 6, 2020 issued by Thomas Title & Escrow. You should obtain a title report and
determine the effect of the listed exceptions.

EXCEPTIONS: SEE EXHIBIT “A” ATTACHED

METHOD OF SALE OR LEASE

Sales: Your vested interest/ownership interest in the property will be evidenced by the Subdivider
delivering a recorded deed to you and by your signing a promissory note and mortgage or deed of
trust for the unpaid balance, if any. YOU SHOULD READ THESE DOCUMENTS BEFORE
SIGNING THEM.

Cash sales are accepted. Purchasers are advised that for VA sales only, deposits and earnest monies
will be deposited into a neutral escrow account and cannot be used by Seller until the close of
escrow.

FOR ALL OTHER SALES, PROSPECTIVE PURCHASERS ARE ADVISED THAT


EARNEST MONEY DEPOSITS, DOWN PAYMENTS AND OTHER ADVANCED
MONEY WILL NOT BE PLACED IN A NEUTRAL ESCROW, EXCEPT FOR VA
FINANCED PURCHASES, WHICH ARE DEPOSITED IN A SEPARATE ESCROW
ACCOUNT. SUCH MONEY WILL BE PAID DIRECTLY TO THE SELLER AND MAY
BE USED BY THE SELLER. THIS MEANS THE PURCHASER ASSUMES A RISK OF

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LICENSE NO. DM19-059766 Pinelake Condominiums

LOSING SUCH MONEY IF THE SELLER IS UNABLE OR UNWILLING TO PERFORM


UNDER THE TERMS OF THE PURCHASE CONTRACT.

Release of Liens and Encumbrances: Purchasers will receive title free and clear of all liens.

Use and Occupancy: Unit purchasers will be permitted to use and occupy their unit upon close of
escrow, recordation of deed and completion of construction.

Leasehold Offering: Will any of the property be leased? Yes No

THE PURCHASE CONTRACT IS A BINDING AGREEMENT. CONTRARY TO THE


TERMS AND PROVISIONS OF THE CONTRACT, YOU MAY HAVE ADDITIONAL
RIGHTS, REMEDIES AND WARRANTIES PROVIDED BY LAW. READ
THOROUGHLY BEFORE SIGNING. IF NOT UNDERSTOOD, SEEK COMPETENT
ADVICE PRIOR TO COMMITMENT TO PURCHASE.

TAXES AND ASSESSMENTS

Real Property Taxes: The combined primary and secondary property tax rate for this subdivision
for the year 2019 is $11.5515 per $100.00 assessed valuation. The estimated property tax for an
improved lot (lot with dwelling), based on the above tax rate and average sales price of
$278,900.00, is $2,738.46.

Special District Tax or Assessments: As disclosed in the Association documents (i.e., the
Declaration, Articles of Incorporation, Bylaws, and other governing documents), there may be
other special assessments, taxes or fees to be paid by purchaser. Please refer to the Association
documents for additional information.

Ocotillo Water Conservation District (“OWCD” or the “District”): The District is an irrigation
district organized under Title 48, Chapter 19, of the Arizona Revised Statutes and is deemed to be
a municipal corporation, exercising general powers provided by law. The general powers include
the power to provide the District customers with water, electricity and other public conveniences
and necessities, and to engage in any and all activities, enterprises, and occupations within the
power and privileges of municipalities generally. The District is located in southern Maricopa
County, Arizona. Historically, the District served the irrigation pumping loads of agricultural
customers farming approximately 5,180 acres. However, the District continues to become
urbanized and as a result the farmed acres in the District have decreased significantly. The District
now serves primarily urban irrigation pumping loads. Questions about the District can be directed
to Jeff Woner or Jennifer Torpey at (480) 610-8741. You may also reach the District via email at
DistrictAdmin@krsaline.com.

Roosevelt Water Conservation District: The subdivision is located within the Roosevelt Water
Conservation District (“RWCD”), and all unit owners are subject to any applicable taxes and
assessments levied by RWCD. For more information, purchaser may contact RWCD at (480) 988-
9586 or visit its website at www.rwcd.net.

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LICENSE NO. DM19-059766 Pinelake Condominiums

East Valley Institute of Technology District: The subdivision is located within the East Valley
Institute of Technology District (“EVIT”), and all unit owners are subject to applicable taxes and
assessments levied by EVIT. These taxes and assessments are included in the property taxes. For
more information, purchaser may contact EVIT at (480) 461-4173 or visit its website at
www.evit.com.

AMOUNT OF TAXES AND ASSESSMENTS SET FORTH ABOVE ARE APPROXIMATE


ONLY AND SUBJECT TO CHANGE.

YOU ARE ADVISED TO READ THE RECORDED DECLARATION OF (COVENANTS,


CONDITIONS AND RESTRICTIONS), ARTICLES OF INCORPORATION,
DECLARATION OF CONDOMINIUM, BYLAWS FOR THIS SUBDIVISION TO
DETERMINE THE RIGHTS OF LOT/UNIT OWNERS TO PARTICIPATE IN THE
CONTROL OF THE PROPERTY OWNERS’ ASSOCIATION AND TO DETERMINE
THE RIGHTS, DUTIES AND LIMITATIONS OF OWNERS IN AND TO USE OF THEIR
LOT/UNITS. FURTHER, YOU SHOULD DETERMINE FOR YOURSELF IF
SUBDIVIDER’S ARRANGEMENTS AND PLANS FOR THE PAYMENT OF
ASSESSMENTS ON UNSOLD LOTS/UNITS WILL BE SUFFICIENT TO FULFILL THE
NEEDS, DEMANDS AND FINANCIAL OBLIGATIONS OF THE ASSOCIATION, AS
SET FORTH IN THE DECLARATION AND BYLAWS.

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LICENSE NO. DM19-059766 Pinelake Condominiums

EXHIBIT “A”

1. Second installment of 2019 taxes, a lien, payable on or before March 1, 2020 and
delinquent May 1, 2020.

2. Any charge upon the land by reason of its inclusion in Pinelake Condominium
Association. (All assessments due and payable are paid).

3. Reservations or exceptions in Patents, or in Acts authorizing the issuance thereof.

4. Water rights, claims or title to water, whether or not shown by the public records.

5. Any charge upon the land by reason of its inclusion in Roosevelt Water Conservation
District. (All assessments due and payable are paid.)

6. An easement for roadway and electric and incidental purposes recorded as 99-
0177749, of Official Records and partial release recorded as 2018-0760612, of
Official Records.

7. An easement for roadway and electric and incidental purposes recorded as 99-
0177751, of Official Records and partial release recorded as 2018-0760608, of
Official Records.

8. An easement for public utilities and incidental purposes recorded as 2002-0118543, of


Official Records.

9. The terms, conditions and provisions contained in the document entitled Chandler
Municipal Airport Traffic Pattern Airspace recorded as 2004-0240033, of Official
Records.

10. An easement for drainage and incidental purposes recorded as 2014-0050851, of Official
Records.

11. Easements, restrictions, reservations, conditions and set-back lines as set forth on the
plat recorded as Book 1466 of Maps, Page 41 and Declaration of Scrivener's Error
recorded as 2019-0908220, of Official Records, but deleting any covenant, condition
or restriction indicating a preference, limitation or discrimination based on race, color,
religion, sex, handicap, familial status or national origin to the extent such covenants,
conditions or restrictions violate 42 USC 3604(c).

12. All matters set forth in Declaration of Condominium and Covenants, Conditions and
Restrictions for Pinelake, a Condominium recorded as 2019-0474631, of Official
Records and First Amendment recorded as 2019-0928273, of Official Records, but
deleting any covenant, condition or restriction indicating a preference, limitation or
discrimination based on race, color, religion, sex, handicap, familial status, or national
origin, to the extent such covenants, conditions or restrictions violate Title 42, Section
3604(c), of the United States Codes.

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LICENSE NO. DM19-059766 Pinelake Condominiums

There are no further matters of record concerning this Subdivision through the date of this
report.

FORM Z3 – Expedited Template 25


LICENSE NO. DM19-059766 Pinelake Condominiums

EXHIBIT “B”

FORM Z3 – Expedited Template 26

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