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State of Arizona of This Land SUBDIVISIO DISCLOSURE REPORT (PUBLIC REPORT) FOR LAS BRISAS PHASE 1 aka THE DISCOVERY COLLECTIO AT LAS BRISAS and THE ECORE 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 DEVELOPMET IS LOCATED WITHI TERRITORY I THE VICIITY OF A MILITARY AIRPORT. THE DEPARTMET MAITAIS A REGISTRY OF IFORMATIO PROVIDED BY THE MILITARY AIRPORT. THE REGISTRY ICLUDES MAPS OF MILITARY FLIGHT OPERATIOS AD A MAP SHOWIG THE EXTERIOR BOUDARIES OF EACH TERRITORY AD HIGH OISE OR ACCIDET POTETIAL ZOE. THIS IFORMATIO IS AVAILABLE TO THE PUBLIC O REQUEST. STATE OF ARIZOA DEPARTMET 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 ARIZOA DEPARTMET OF REAL ESTATE REQUIRES THAT: 1. You BE GIVEN this public report; 2. YOU SIGN A RECEIPT indicating that you received this report; RECOMMEDS: 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. ARIZOA 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 GEERAL 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. OTES 1. NO STRUCTURES OF ANY KIND SHALL BE CONSTRUCTED OR PLACED WITHIN OR OVER UTILITY EASEMENTS EXCEPT UTILITIES AND WOOD, WIRE OR REMOVABLE SECTION TYPE FENCE, ASPHALT PAVING OR GRASS. IT SHALL BE FURTHER UNDERSTOOD THAT THE CITY SHALL NOT BE REQUIRED TO REPLACE ANY OBSTRUCTIONS, PAVING OR PLANTING THAT MUST BE REMOVED DURING THE COURSE OF MAINTENANCE, CONSTRUCTION OR RECONSTRUCTION ACTIVITIES. 2. NO STRUCTURES OF ANY KIND SHALL BE CONSTRUCTED, OR ANY VEGETATION PLANTED OR BE ALLOWED TO GROW WITHIN OR ON, A DRAINAGE EASEMENT THAT WOULD OBSTRUCT OR DIVERT THE OF STORM WATER RUNOFF. THE CITY MAY, IF IT SO DESIRES, CONSTRUCT OR MAINTAIN DRAINAGE FACILITIES ON OR WITHIN THE LAND OF THE EASEMENT. 3. ALL NEW OR RELOCATED UTILITIES SHALL BE PLACED UNDERGROUND, EXCLUDING POWER LINES 69kV AND LARGER. FORM P2 1/22/2009 4 LICENSE NO. DM10-055224 LAS BRISAS PHASE 1 AKA THE DISCOVERY COLLECTION AT LAS BRISAS AND THE ENCORE COLLECTION AT LAS BRISAS 4. LAS BRISAS PHASE 1 IS SUBJECT TO ATTENDANT NOISE, VIBRATIONS, DUST AND ALL OTHER EFFECTS THAT MAY BE CAUSED BY OVERFLIGHTS AND BY THE OPERATION OF AIRCRAFT LANDING AT, OR TAKING OFF FROM THE PHOENIX-GOODYEAR AIRPORT AND LUKE AIR FORCE BASE: AND FROM VEHICULAR TRAFFIC ON INTERSTATE 10 AND/OR THE PROPOSED LOOP 303 EXTENSION. EACH HOMEOWNER DOES RELEASE AND DISCHARGE THE CITY AND OWNER, AND ITS PARENT, SUBSIDIARIES AND OTHER AFFILIATES AND THEIR RESPECTIVE DIRECTORS, OFFICERS, MEMEBERS, EMPLOYEES AND AGENTS FROM ANY LIABILITY FOR ANY AND ALL CLAIMS FOR DAMAGES AND COMPLAINTS OF ANY KIND TO PERSONS OR PROPERTY THAT MAY ARISE AT ANY TIME IN THE FUTURE FROM VEHICULAR TRAFFIC NOISE OR THE OPERATION OF AIRCRAFT NEAR AND OVER THE AREA. 5. NO TWO-STORY HOMES SHALL BE LOCATED ADJACENT TO ARTERIAL STREETS UNLESS SEPARATED BY A 35’ LANDSCAPE SETBACK, OR ON ANY CORNER LOTS. NO MORE THAN THREE TWO-STORY HOMES WILL BE ALLOWED SIDE BY SIDE, AND THREE CONSECUTIVE TWO-STORY HOMES MUST BE FOLLOWED BY A MINIMUM OF TWO ONE-STORY HOMES. IF TWO (2) TWO-STORY HOMES ARE LOCATED SIDE BY SIDE, THEN THEY MUST BE FOLLOWED BY AT LEAST ONE (1) ONE-STORY HOME. LOTS 1, 8-20, 36, 37, 48, 49, 51, 52, 59, 60, 67, 76, 77, 87,88, 97, 98, 107, 108, 116-135, 142, 143, 150-158, 171, 173, 181, 182, 189, 191, 192, 201, 202, 212-220, 225, 226, 231-236, 257, 258, 267, 273, 274, 280, 281, 287, 292, 293, 301, 302, 314, AND 315 ARE RESTRICTED TO ONE STORY. 6. LAS BRISAS COMMUNITY ASSOCIATION SHALL OWN AND MAINTAIN ALL OPEN SPACE AREAS, TRAILS, AND OTHER COMMUNITY AMENTITLES AND MAINTAIN ALL ARTERIAL AND COLLECTOR ROAD RIGHT OF WAY LANDSCAPING EXCEPT FOR ARTERIAL MEDIAN LANDSCAPING. 7. PORTIONS OF LAS BRISAS PHASE 1 ARE LOCATED ADJACENT TO RURAL RESIDENTIAL PROPERTIES THAT HAVE LARGE ANIMAL (HORSE) PRIVILEGES, AND ARE ALLOWED TO CONDUCT CERTAIN AGRICULTURAL USES ON THEIR PROPERTY. THESE AGRICULTURAL USES SUBJECT THIS SUBDIVISION TO ODORS, NOISE, PESTICIDES AND DUST ASSOCIATED WITH SUCH USES. 8. THIS DEVELOPMENT IS WITHIN THE SERVICE AREA OF THE CITY, WHICH HAS BEEN DESIGNATED AS HAVING AN ASSURED WATER SUPPLY PURSUANT TO A.R.S. 45-576 SUBSECTION B. THE CITY’S ASSURED WATER SUPPLY DESIGNATION IS SUPPORTED IN PART THE CITY’S MEMBERSHIP IN THE CENTRAL ARIZONA GROUNDWATER REPLENISHMENT DISTRICT (CAGRD). PROPERTY WITHIN THIS DEVELOPMENT MAY BE ASSESSED A FEE BASED ON ITS PRO RATA SHARE OF THE CITY’S COST FOR CAGRD PARTICIPATION. 9. STRUCTURES AND LANDSCAPING WITHIN VISIBILITY EASEMENTS WILL BE LIMITED TO GROUND COVER, GRANITE AND FLOWERS LESS THAN 2 FEET (MATURE) IN HEIGHT
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