SUBDIVISIO DISCLOSURE REPORT (PUBLIC REPORT)
FOR LAS BRISAS PHASE 1 aka THE DISCOVERY COLLECTIO AT LAS BRISAS and THE E CORE COLLECTIO AT LAS BRISAS
Registration No. DM10-055224
SUBDIVIDER TM HOMES OF ARIZONA, INC., an Arizona corporation 9000 East Pima Center Parkway, Suite 350 Scottsdale, Arizona 85258
Effective Date: FEBRUARY 24, 2010
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 .
THIS DEVELOPME T IS LOCATED WITHI TERRITORY I THE VICI ITY OF A MILITARY AIRPORT. THE DEPARTME T MAI TAI S A REGISTRY OF I FORMATIO PROVIDED BY THE MILITARY AIRPORT. THE REGISTRY I CLUDES MAPS OF MILITARY FLIGHT OPERATIO S A D A MAP SHOWI G THE EXTERIOR BOU DARIES OF EACH TERRITORY A D HIGH OISE OR ACCIDE T POTE TIAL ZO E. THIS I FORMATIO IS AVAILABLE TO THE PUBLIC O REQUEST. STATE OF ARIZO A DEPARTME T OF REAL ESTATE TUCSON OFFICE: PHOENIX OFFICE: 400 West Congress 2910 N. 44 th Street Suite 523 Suite 130 Tucson, Arizona 85701 Phoenix, Arizona 85018 (520) 628-6940 (602) 771-7750
FORM P2 1/22/2009 1
Contents GENERAL ...... 4 SUBDIVISION LOCATION ...... 7 UTILITIES ...... 7 STREETS, ROADS AND DRAINAGE ...... 8 LOCAL SERVICES AND FACILITIES ...... 9 COMMON, COMMUNITY AND RECREATIONAL FACILITIES ...... 10 ASSURANCES FOR COMPLETION OF IMPROVMENTS ...... 11 PROPERTY OWNERS ASSOCIATIONS ...... 11 SUBDIVISION CHARACTERISTICS ...... 12 SUBDIVISION USE AND RESTRICTIONS ...... 22 AIRPORTS ...... 22 TITLE ...... 23 METHOD OF SALE OR LEASE ...... 24 TAXES AND ASSESSMENTS ...... 25
FORM P2 1/22/2009 2
THE ARIZO A DEPARTME T OF REAL ESTATE
REQUIRES THAT:
1. You BE GIVEN this public report;
2. YOU SIGN A RECEIPT indicating that you received this report;
RECOMME DS:
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.
ARIZO A 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 P2 1/22/2009 3 LICENSE NO. DM10-055224 LAS BRISAS PHASE 1 AKA THE DISCOVERY COLLECTION AT LAS BRISAS AND THE ENCORE COLLECTION AT LAS BRISAS
GE ERAL
This report includes: Lots 213 through 324, inclusive.
The map of this subdivision is recorded in Book 886 of Maps, page 39, records of Maricopa County, Arizona.
The subdivision is approximately 115.806 acres in size. It has been divided into 324 Lots, 26 tracts A-Z. Lot boundaries will be staked at the corners and radii.
Prospective purchasers are hereby advised that the recorded plat for this subdivision contains the following, in part:
DEDICATIO TRACTS A, F, H, I, N, P, Q, U, V, X INCLUSIVE, ARE OPEN SPACE, LANDSCAPE AREA AND DRAINAGE EASEMENTS AND SHALL BE CONVEYED TO AND MAINTAINED BY LAS BRISAS COMMUNITY ASSOCIATION, AN ARIZONA NON-PROFIT CORPORATION.
TRACTS B THROUGH E, G, J THROUGH M, O, R THROUGH T, W, Y, Z INCLUSIVE, ARE OPEN SPACE AND LANSCAPE AREA AND SHALL BE CONVEYED TO AND MAINTAINED BY LAS BRISAS COMMUNITY ASSOCIATION, AN ARIZONA NON- PROFIT CORPORATION.