CONDITIONAL SALES EXEMPTION PROPOSED SUBDIVISION DISCLOSURE REPORT (PUBLIC REPORT) FOR Sky Crossing – Parcel 16 aka Sky Crossing Discovery Collection Registration No. DM17-______ SUBDIVIDER TM Homes of Arizona, Inc., an Arizona corporation 9000 East Pima Center Parkway, Suite 350 Scottsdale, Arizona 85258 Effective Date: _________________ 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 rev 3/18/2015 1 Contents GENERAL ..................................................................................................................................................... 4 SUBDIVISION LOCATION ......................................................................................................................... 6 UTILITIES ..................................................................................................................................................... 6 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 ........................................................................................................11 SUBDIVISION USE AND RESTRICTIONS ..............................................................................................21 AIRPORTS ....................................................................................................................................................22 TITLE ............................................................................................................................................................22 METHOD OF SALE OR LEASE .................................................................................................................22 TAXES AND ASSESSMENTS ....................................................................................................................23 FORM Z3 - Expedited Template 3/18/2015 2 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 rev 3/18/2015 3 LICENSE NO. DM17-______ SKY CROSSING – PARCEL 16 aka Sky Crossing Discovery Collection GENERAL This report includes: Lots 1 through 13, inclusive, and Lots 26 through 146, inclusive. The map of this subdivision is recorded in Book 1353 of Maps, page 16, records of Maricopa County, Arizona. The subdivision is approximately 37.400 gross acres in size. It has been divided into 146 lots and 18 Tracts (Tracts A through R, inclusive). Lot boundaries will be corner stakes and radii. Prospective purchasers are hereby advised that the recorded plat for this subdivision contains the following, in part: DEDICATION (in part): TRACTS A THROUGH O, Q AND R ARE HEREBY DECLARED AS COMMON AREAS TO BE OWNED AND MAINTAINED BY THE COMMUNITY ASSOCIATION. AN EASEMENT FOR DRAINAGE IS HEREBY DEDICATED OVER TRACTS A THROUGH R. TRACT P IS HEREBY DECLARED AS PRIVATE ACCESSWAY TO BE OWNED AND MAINTAINED BY THE COMMUNITY ASSOCIATION. AN EASEMENT FOR PUBLIC WATER AND SEWER, REFUSE COLLECTION, DRAINAGE AND EMERGENCY AND SERVICE TYPE VEHICLE ACCESS IS HEREBY DEDICATED TO THE PUBLIC OVER TRACT P. NOTES: 1. NO STRUCTURE OF ANY KIND SHALL BE CONSTRUCTED ON, OVER, OR PLACED WITHIN A PUBLIC UTILITY EASEMENT, DRAINAGE EASEMENT, SANITARY SEWER EASEMENT, OR WATER EASEMENT EXCEPT AS NOTED BELOW. PAVING AND REMOVABLE TYPE FENCES, WITH NO CONTINUOUS FOOTING, ARE ALLOWED IN PUBLIC UTILITY EASEMENTS, SEWER EASEMENTS, AND WATER EASEMENTS WITH APPROVAL FROM THE PLANNING AND DEVELOPMENT DEPARTMENT. NO VEGETATION SHALL BE PLANTED WITHIN ANY EASEMENT WITHOUT PRIOR APPROVAL FROM THE PLANNING AND DEVELOPMENT DEPARTMENT LANDSCAPE ARCHITECT. PUBLIC SANITARY SEWER OR WATER MAINS SHALL BE PLACED IN THE APPROPRIATE WATER AND SEWER EASEMENT. WATER MAINS THAT ARE PLACED WITHIN AN EASEMENT ARE REQUIRED TO BE DUCTILE IRON PIPE PER THE WATER SERVICES DEPARTMENT “DESIGN STANDARDS FOR WATER DISTRIBUTION MAIN”. IT SHALL BE FURTHER UNDERSTOOD THAT THE CITY OF PHOENIX SHALL NOT BE REQUIRED TO REPLACE ANY OBSTRUCTIONS, PAVING, OR VEGETATION THAT BECOMES DAMAGED OR MUST BE REMOVED DURING THE COURSE OF MAINTENANCE, CONSTRUCTION, RECONSTRUCTION, OR REPAIR. THE CITY OF PHOENIX, MAY, BUT IS NOT REQUIRED TO, CONSTRUCT AND/OR MAINTAIN, AT ITS SOLE DISCRETION, DRAINAGE FACILITIES ON OR UNDER THE LAND IN THE DRAINAGE EASEMENTS. FORM Z3 - Expedited Template 3/18/2015 4 LICENSE NO. DM17-______ SKY CROSSING – PARCEL 16 aka Sky Crossing Discovery Collection 2. DEVELOPMENT AND USE OF THIS SITE WILL CONFORM TO ALL APPLICABLE CODES AND ORDINANCES. 3. THIS SUBDIVISION IS LOCATED IN THE CITY OF PHOENIX WATER SERVICE AREA AND HAS BEEN DESIGNATED AS HAVING AN ASSURED WATER SUPPLY. 4. ALL NEW OR RELOCATED UTILITIES WILL BE PLACED UNDERGROUND. 5. ALL SIGNAGE REQUIRES SEPARATE APPROVALS AND PERMITS. 6. ANY LIGHTING WILL BE PLACED SO AS TO DIRECT LIGHT AWAY FROM THE ADJACENT RESIDENTIAL DISTRICTS AND WILL NOT EXCEED ONE CANDLE FOOT AT THE PROPERTY LINE. NO NOISE, ODOR OR VIBRATION WILL BE EMITTED SO THAT IT EXCEEDS THE GENERAL LEVEL OF NOISE, ODOR OR VIBRATION EMITTED BY USES OUTSIDE OF THE SITE. 7. OWNER’S OF PROPERTY ADJACENT TO PUBLIC RIGHTS-OF-WAY WILL HAVE THE RESPONSIBILITY FOR MAINTAINING ALL LANDSCAPING LOCATED WITHIN THE RIGHTS-OF-WAY, IN ACCORDANCE WITH APPROVED PLANS. 8. STRUCTURES AND LANDSCAPING WITHIN A TRIANGLE MEASURING 33’ X 33’ ALONG INTERSECTING PROPERTY LINES WILL BE MAINTAINED AT A MAXIMUM HEIGHT OF THREE (3) FEET. 9. THE SKY CROSSING COMMUNITY ASSOCIATION, AN ARIZONA NON-PROFIT CORPORATION, INCLUDING ALL PROPERTY OWNERS IN THE DEVELOPMENT, SHALL HAVE THE RESPONSIBILITY FOR MAINTAINING ALL COMMON AREAS NOTED AS “TRACTS OR “EASEMENTS”, SUBJECT TO THE DIVISION OF RESPONSIBILITIES FOR SAID TRACTS AND EASEMENTS AS DEFINED BY THE PLAT DEDICATION INCLUDED HEREON, INCLUDING LANDSCAPED AREAS AND DRAINAGE FACILITIES IN ACCORDANCE WITH THE APPROVED PLANS. 10. EACH LOT IN THIS SUBDIVISION IS PERMITTED ONE DWELLING UNIT FOR A TOTAL OF 146 DWELLING UNITS WITHIN THE ENTIRE SUBDIVISION. 11. A MINIMUM 20’ SETBACK (18’ IF VERTICALLY OPENING GARAGE DOORS ARE PROVIDED) WILL BE PROVIDED FROM BACK OF SIDEWALK TO FACE OF GARAGE DOOR. 12. EACH LOT CONSTITUTES A BUILDING ENVELOPE AND ACCESSORY USES AND STRUCTURES SUCH AS POOLS, PRIVACY WALLS AND ACCESSORY STRUCTURES ARE PERMITTED EXCEPT AS OTHERWISE REGULATED BY OTHER CITY CODES OR ORDINANCES. 13. ADDITIONAL INDIVIDUAL LOT REQUIREMENTS (I.E. SETBACKS, WALL ELEVATIONS) ARE LOCATED ON THE APPROVED FINAL SITE PLAN. 14. THIS PROJECT HAS ADDITIONAL CONDITIONS OF APPROVAL (DESCRIBED IN A DEVELOPMENT AGREEMENT AND/OR DESIGN REVIEW DIVERSITY EXHIBIT ON FILE WITH THE CITY OF PHOENIX, PLANNING & DEVELOPMENT DEPARTMENT) WHICH MUST BE SATISFIED PRIOR TO INDIVIDUAL BUILDING PERMIT RELEASE. YOU ARE ADVISED TO OBTAIN A COPY OF THE RECORDED PLAT MAP AND CORRECTION DOCUMENTS, IF ANY, AND NOTE ALL EASEMENTS, RESTRICTIONS AND STATEMENTS CONTAINED THEREIN. FORM Z3 - Expedited Template 3/18/2015 5 LICENSE NO. DM17-______ SKY CROSSING – PARCEL 16 aka Sky Crossing Discovery Collection SUBDIVISION