Arizona Department of Real Estate (ADRE) Development Services Division

Transcription

1 Arizona Department of Real Estate (ADRE) Development Services Division PHOENIX OFFICE 2910 N. 44 th STREET STE-100 PHOENIX, AZ DOUGLAS A. DUCEY GOVERNOR JUDY LOWE COMMISSIONER February 12, 2015 Pueblo Fourplexes LLLP 8390 E Via De Ventura F110 # 252 Scottsdale, AZ RE: EXPEDITED REGISTRATION PROGRAM CERTIFICATE OF ADMINISTRATIVE COMPLETENESS Subdivision Registration No. DM CONGRATULATIONS! This letter is to acknowledge receipt of your application for a disclosure report and to certify it as administratively complete in accordance with the provisions of A.R.S (B). The date of this letter is the effective date of your disclosure report. Please place the effective date and registration number provided above on each disclosure report. You are authorized to sell the following described property: LOTS Pinal County, Arizona The Department has not subjected your application and disclosure report to a detailed examination. Acceptance of this material as meeting all requirements is based solely on your affirmation that the material submitted is full, true, complete and accurate. In the event that a subsequent examination reveals any omission, inaccuracy, misrepresentation, fraudulent statement or failure to comply with statutory standards for subdivisions, the Department may suspend further sales, order rescission offers for completed sales, and you or the subdivision may be subject to administrative enforcement action and penalties or sanctions. If a change occurs in any of the information or representations provided in the application or disclosure report, an amendment to the application and disclosure report must be filed with appropriate fees before making further sales. Any use of an inaccurate disclosure report in making sales may require you to rescind such sales and may result in administrative penalties and sanctions. As a reminder, a receipt for the disclosure report must be obtained from each purchaser and retained by you for five years. Enclosed is a copy of the Department s published receipt form, which must be used. Sincerely Judy Lowe Real Estate Commissioner Enclosure

2 Arizona Department of Real Estate (ADRE) Investigations and Development Services Division / PHOENIX OFFICE 2910 N. 44 th STREET STE-100 PHOENIX, AZ DOUGLAS A DUCEY GOVERNOR JUDY LOWE COMMISSIONER SUBDIVISION DISCLOSURE REPORT (PUBLIC REPORT) FOR Registration No. DM SUBDIVIDER PUEBLO TOWHOMES, LLLP E. VIA DE VENTURA, F110 #252 SCOTTSDALE, AZ Effective Date: FEBRUARY 12, 2015 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 P2 6/7/2013 1

3 Contents GENERAL... 4 SUBDIVISION LOCATION... 4 UTILITIES... 5 STREETS, ROADS AND DRAINAGE... 6 LOCAL SERVICES AND FACILITIES... 7 COMMON, COMMUNITY AND RECREATIONAL FACILITIES... 7 ASSURANCES FOR COMPLETION OF IMPROVMENTS... 8 PROPERTY OWNERS ASSOCIATIONS... 8 SUBDIVISION CHARACTERISTICS... 8 SUBDIVISION USE AND RESTRICTIONS...11 AIRPORTS...12 TITLE...12 METHOD OF SALE OR LEASE...12 TAXES AND ASSESSMENTS...13 FORM P2 1/22/2009 2

4 THE ARIZONA DEPARTMENT OF REAL ESTATE 1. You BE GIVEN this public report; REQUIRES THAT: 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 P2 6/7/2013 3

5 GENERAL NOTES 1. NO TREES ARE PERMITTED WITHIN THE RIGHT OF WAY SIGHT VISIBITY EASEMENTS, AND NO TEMPORARY ON PERMANENT OBJECT, STRUCTURE, OR LANDSCAPINC SHALL EXCEED TWENTY FOUR INCHES IN HEIGHT WITHIN THE RIGHT OF WAY SIGHT VISIBILITY EASEMENTS. 2. NO STRUCTURE SHALL BE CONSTRUCTED IN NOR SHALL OTHER IMPROVEMENTS OR ALTERATIONS BE MADE TO THE STORM WATER RETENTION/DETENTION AREAS ON TO DRAINAGE EASEMENTS WITHOUT PRIOR APPROVAL BY CITY OF CASA GRANDE. 3. ALL NEW OR RELOCATED UTUTES SHALL HE PLACED UNDERGROUND. 4. ALL WORK WITHIN PUBLIC RIGHTS OF WAY REQUIRES PERMITS FROM AND INSPECTIONS BY THE CITY OF CASA GRANDE. 5. ALL TRENCH WORK WITHIN PUBLIC UTLITY EASEMENTS REQUIRES PERMITS FROM AND INSPECTIONS BY THE CITY OF CASA GRANDE. This report includes: Lots 17 through 24. The map of this subdivision is recorded in Cabinet G slide 135, records of Pinal County, Arizona. The subdivision is approximately acres in size. It has been divided into 40 lots. Lot boundaries will be staked at radii. 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: North Pueblo Drive and Florence Blvd, City of Casa Grande, Pinal County, Arizona FORM P2 1/22/2009 4

6 UTILITIES Electricity: Arizona Public Service, (520) , website: Facilities are complete to the lot lines. Purchasers will be required to pay a hook-up fee of $25.00 plus tax to initiate service. A refundable deposit of $ may be required depending on credit history. Once service is established, direct user charges will apply. Fees and/or deposits are subject to change, please contact utility company for further details. Telephone: CenturyLink (website: Purchaser s cost to receive service is a onetime service activation fee of $27.50; a deposit or advance payment may be required. Purchasers should check CenturyLink website for additional information regarding types of services available as well as monthly costs associated with that service. Cox Communications (623) (website: Purchaser s cost to receive service is an installation fee of $14.95, if applicable. A deposit may be required based on the results of a credit check. Plans start as low as $13.00 a month for digital telephone. Purchasers should check Cox Communications website for additional information regarding types of services available as well as monthly costs associated with that service. Cable: DirectTV through CenturyLink (website: Purchaser s cost to receive CenturyLink DirectTV service is a handling & delivery fee, if applicable, plus the hardware lease of $6.00 per month for second and each additional receiver. New DirectTV customers only are required to have a 24 month agreement. Purchasers should check CenturyLink website for additional information regarding types of services available as well as monthly costs associated with that service. Cox Communications (623) (website: Purchaser s cost to receive service is a onetime installation fee of up to $29.95, if applicable. A deposit may be required based on the results of a credit check. Basic monthly service starts at $47.95 per month. Purchasers should check Cox Communications website for additional information regarding types of services available as well as monthly costs associated with that service. Internet or Fiber Optic: CenturyLink (website: Purchaser s cost to receive is a handling & delivery fee, if applicable, plus $4.95 per month lease fee for modem. Purchasers should check CenturyLink website for additional information regarding types of services available as well as monthly costs associated with that service. Cox Communications (623) (website: Purchaser s cost to receive service is a onetime installation fee of up to $29.95, if applicable, plus tax. A deposit may be required based on the results of a credit check. High speed internet service starts at $32.95 per month. Purchasers should check Cox Communications website for additional information regarding types of services available as well as monthly costs associated with that service. Natural Gas: Not available. Water: Arizona Water Company, (520) Lot purchaser s cost to receive service is approximately $16.00 service establishment fee, plus a refundable deposit may be required. After regular working hours, on Saturdays, Sundays or holidays, there will be a $35.00 Service Call-Out charge in accordance with the Company's Service Charges Tariff Schedule. FORM P2 1/22/2009 5

7 Sewage Disposal: City of Casa Grande, (520) Subdivider advises that there is no service establishment fee however there is a $16.11 monthly fee that includes trash pickup. Garbage Services: City of Casa Grande. Lot purchaser s cost to receive service is approximately $16.11 per month cost is included in the sewer bill. Subdivider has completed the extension of the utilities to the lot lines. 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: Asphalt paved public streets are complete. The City of Casa Grande provides maintenance, with lot purchaser s cost included in their property taxes. Access within the Subdivision: Subdivider has completed asphalt paved private streets. The Lot purchaser s cost for maintenance is included in the Association fees. Street Lights: Subdivider has completed the installation of the street lighting. The Homeowners Association pays the cost of the electricity. Flood and Drainage: Subdivider has complete landscaped retention tracts. Lot purchaser s cost for maintenance is included in the Association fees. 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 or call (602) FORM P2 1/22/2009 6

8 LOCAL SERVICES AND FACILITIES Schools: Evergreen Elementary (K-6) 1000 N Amarillo St., (520) is approximately.6 miles west. Casa Grande Middle School (7-8) located at 300 W McMurray Blvd, (520) is approximately 2.1 miles northwest. Casa Grande Union High School (9-12), located at 616 E. 10th street is approximately 4.1 miles north. 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 CASA GRANDE ELEMENTARY SCHOOL DISTRICT AT (520) AND CASA GRANDE UNION HIGH SCHOOL DISTRICT AT (520) REGARDING THE CURRENT LOCATION OF SCHOOLS AND BUS SERVICE Shopping Facilities: Frye s grocery store is located at North Colorado Street and Florence Blvd. is approximately.5 miles southeast. Public Transportation: Not currently available at this time. Medical Facilities: Casa Grande Regional Medical Center (hospital), located at 1800 E. Florence, is approximately 1.5 miles east. Fire Protection: City of Casa Grande Fire Department. Lot purchaser s cost to receive service is included in their property taxes. Ambulance Service: Available by dialing 911. Police Services: City of Casa Grande 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 Swimming pool, spa, barbecue facilities and a cabana have been completed. The Homeowners Association will maintain the facilities. Lot purchaser s cost for maintenance is included in the Association fees. FORM P2 1/22/2009 7

9 ASSURANCES FOR COMPLETION OF IMPROVMENTS Assurances for Completion of Subdivision Facilities: All subdivision improvements are complete, no assurances are necessary. Assurances for Maintenance of Subdivision Facilities: The recorded and Amended Declaration of Covenants, Conditions and Restrictions for Pueblo Townhomes and Filed Articles/Bylaws for the Homeowners Association provides for the Homeowner Association to maintain all common areas. Utility companies will maintain their respective utilities and Homeowners association will maintain the private streets. PROPERTY OWNERS ASSOCIATIONS Name and Assessments: Pueblo Townhomes Homeowners Association, current assessment is $ per month. Control of Association: Period of Declarant Control means the period commencing on the date this Declaration is recorded in the official records of Pinal County, Arizona, in which the Community is located, and ending on the first of the following: (i) sixty (60) days after conveyance by Declarant of seventy-five percent (75%) of all Lots; (ii) seven (7) years after the conveyance of a Lot to a Person other than Declarant; or (iii) upon the written notification from Declarant that Declarant is terminating its Class B Membership of its own will. Title to Common Areas: Title to the common areas have been transferred to the Association. Membership: All Lot Owners will be members of the Association. PAYMENTS TO PROPERTY OWNERS ASSOCIATIONS ARE SUBJECT TO CHANGE IN ACCORDANCE WITH RECORDED RESTRICTIONS. SAID ASSOCIATION MAY ALSO IMPOSE SPECIAL ASSESSMENTS. Topography: Topography: Land is level. SUBDIVISION CHARACTERISTICS Flooding and Drainage: Subdivider is unaware of any known flooding or drainage problems. Michael F. Trotter, P.E., in his letter dated January 12, 2007 has cites in part: This is to certify that I, Michael F. Trotter, a Registered Civil Engineer in the State of Arizona, have: FORM P2 1/22/2009 8

10 Reviewed the preliminary Grading Plan for Pueblo Townhomes, prepared by Cottrell, Sparkman Design Specialists, LLC, of Phoenix, Arizona, dated 02/03/05; Reviewed the grading and drainage plan for Sure Link Storage, prepared by J.M. Engineering, Inc. of Phoenix, AZ dated February 6, 2006, located adjacent to and directly east of Pueblo Townhomes; And reviewed the developers plan to construct a drainage control curb along the south boundary of Pueblo Townhomes. Based on this review, the investigation of the drainage affecting this project and review of the established minimum finished floor elevations, the Pueblo Townhomes site is above the 100-year flood area and is not subject to flooding from the 100-year storm. Pueblo Townhomes site is located in a FEMA designated Zone X, defined as areas of 500-year and 100-year flooding with average depths of less than one (1 ) foot or with drainage areas less than one (1) square mile; and areas protected by levee s from the 100-year flood. Areas in this Zone do not have a legal requirement for flood insurance. Private or public lending institutions may require flood insurance. Soils: Subdivider advises soils are not subject to subsidence or expansion. For complete findings, soils information and recommendations, soils report is on file with the Arizona Department of Real Estate or may be obtained by Applicant. Adjacent Lands and Vicinity: NORTH: PAD (Planned Area Development) SOUTH: Casa Grande Mall EAST: General Commercial WEST: Evergreen Elementary School Casa Grande Mall: Adjacent to subdivision to the south. Bodies of Water: Purchasers are advised that golf courses, canals, creeks, channels, rivers, floodways, man-made lakes, levees, washes, wells and irrigation ditches may be hazardous to unsupervised children and adults. Purchasers are advised to independently investigate this matter. For further information, please contact the Flood Control District of Pinal County at (888) or visit their website at Construction Traffic: During the construction of homes, additional vehicle traffic (including heavy construction vehicles), dust, noise (including construction noise in the early mornings), and other nuisances may exist. FORM P2 1/22/2009 9

11 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 or lease. Future Development: Subdivider and its agents make no representations regarding the future use or development of the property not owned by subdivider both within and surrounding subdivision. Existing and/or proposed use of adjacent property is subject to change and is not within the subdivider s control. The surrounding property includes land owned by Pinal County, State land and Federal land. The surrounding land is subject to future development, subject to change and is beyond the control of the Subdivider. For further information on future developments and land use, purchasers are advised to contact: Pinal County Planning and Development Services, 31 North Pinal Street, Building F, Florence, Arizona 85232, (520) , or visit website: Homes situated adjacent to or in the vicinity of freeways, commercial property, multi-family sites, worship sites, school sites, streets and roadways, trails, open space areas, constructionrelated operations, other non-residential uses and/or other recreational amenities may experience an additional amount of noise, dust, lighting and signage, as well as pedestrian and vehicular traffic typically associated with such facilities. Subdivider advises it has used its best efforts in an attempt to disclose all noteworthy activities and conditions surrounding this subdivision using the resources reasonably available to developer 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 the Public Report or discovered by Purchaser s own inspections are of concern to Purchaser. Subdivider advises that the above land use designations are current as of the date of this application and are subject to change. Lot purchasers are advised to contact Pinal County Planning Department or other applicable governmental authority for updated information. NOTE: Views and/or scenes that may be visible from particular portions of the development or any of its lots will change over time and may be wholly or partially obstructed as development activity continues and landscape matures. SUBDIVIDER MAKES NO REPRESENTATION OR WARRANTY REGARDING THE FUTURE PROTECTION OF VIEWS WHICH MAY BE A FACTOR IN THE PURCHASER S DECISION TO PURCHASE IN THIS COMMUNITY. ARIZONA NATIVE DESERT LANDS: Cockroaches, rattlesnakes, black widow spiders, 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. If a purchaser has concerns, they should seek the advice of a pest control company. FORM P2 1/22/

12 Due to the proximity of canals, rivers and washes, they may present a safety hazard, especially during times of heavy rainfall, for unsupervised children and adults. Purchasers are advised to independently investigate this matter. For further information, please contact the Pinal County Planning & Development at (520) or visit the website at The Gila River Indian Community is located approximately 4 miles northwest 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 Planning and Zoning Department at P.O. Box 97, Sacaton, Arizona (480) , 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. SUBDIVISION USE AND RESTRICTIONS Use: This offering is for improved lots. Zoning: Single Family Conditions, Reservations and Restrictions: As stated in the recorded Declaration of Covenants, Conditions and Restrictions, and as stated in the Articles of Incorporation and Bylaws of the Community Association, existing zoning and any other effects resulting from Schedule B items as shown on the Title Report. 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 Pinal County Recorder. Information about zoning may be obtained at the Office of the City of Casa Grande Planning and Zoning Department. Restrictions are recorded as cited in the following title exceptions and per the subdivision plat. FORM P2 1/22/

13 AIRPORTS Public Airport: Casa Grande Municipal Airport, 3225 N Lear Ave, Casa Grande, AZ (520) approximately 6.7 miles north. TITLE Title to this subdivision is vested in Pueblo Fourplexes, LLLP, an Arizona limited liability partnership. Subdivider s interest in this subdivision is evidenced by a fee. 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 December 12, 2014 issued by Fidelity National Title Agency. 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: Sales will be evidenced by a standard purchase contract. YOUR VESTED OWNERSHIP INTEREST IN THE PROPERTY WILL BE EVIDENCED BY SUBDIVIDER DELIVERING A RECORDED SPECIAL WARRANTY DEED TO YOU AND BY YOUR SIGNING A PROMISSORY NOTE AND MORTGAGE OR DEED OF TRUST IN FAVOR OF YOUR LENDER FOR THE UNPAID BALANCE, IF ANY. YOU SHOULD READ THESE DOCUMENTS BEFORE SIGNING THEM. Cash sales are permitted. YOU ARE ADVISED THAT EARNEST MONEY DEPOSITS, DOWN PAYNTS AND OTHER ADVANCED MONEY WILL NOT BE PLACED IN A NEUTRAL ESCROW. SUCH MONEY WILL BE PAID DIRECTLY TO THE SELLER AND MAY BE USED BY THE SELLER. THIS MEANS THE PURCHASER ASSUMES A RISK OF LOSING SUCH MONEY IF THE SELLER IS UNABLE OR UNWILLING TO PERFORM UNDER THE TERMS OF THE PURCHASE CONTRACT. FORM P2 1/22/

14 Release of Liens and Encumbrances: Developer has advised that arrangements have been made with the lender in the aforementioned Deed of Trust for release of individual Units. Use and Occupancy: You are permitted to use and occupy your lot upon close of escrow and recordation of deed. 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 2014 is $ per $ assessed valuation. The estimated property tax for an improved lot (lot with dwelling), based on the above tax rate and average sales price of $157,900.00, is $ Special District Tax or Assessments: Central Arizona Water Conservation District (CAWCD): Properly is subject to assessments imposed by the CAWCD for membership in the Central Arizona Groundwater Replenishment District (CAGRD). Annual assessments are payable with and in addition to the property tax billing from the County treasurer. A lot purchaser s share of the costs will depend on the amount of water used. On average, homes in the CAGRD are projected to use about 10,000 to 15,000 gallons per month. Purchasers should contact CAGRD at (623) for more information. 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 FORM P2 1/22/

15 THE NEEDS, DEMANDS AND FINANCIAL OBLIGATIONS OF THE ASSOCIATION, AS SET FORTH IN THE DECLARATION AND BYLAWS. EXHIBIT A 1. Property taxes, which are a lien now due and payable, including any assessments collected with taxes to be levied for the year Reservations, exceptions and provisions contained in the patent from the United States of America, or in the acts authorizing the issuance thereof, as follows: Subject to any vested and accrued water rights for mining, agricultural, manufacturing or other purposes and rights to ditches and reservoirs used in connection with such water rights as may be recognized and acknowledged by local customs, laws and decisions of courts and there is reserved a right of way thereon for ditches or canals constructed by the authority of the United States of America. 3. Any rights, liens, claims or equities, if any, in favor of The City of Casa Grande, Central Arizona Water Conservation District and Pinal County Flood Control District. 4. Water rights, claims or title to water, whether or not disclosed by the public records. 5. Easements, covenants, conditions and restrictions as set forth on the recorded plat recorded in Cabinet G, Slide Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document: Purpose: Electric transmission lines Recording Date: 02/02/1972 Recording No: Docket 655, page Covenants, conditions, restrictions and easements but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document Recording No: Docket 1624, page 96 FORM P2 1/22/

16 8. Covenants, conditions, restrictions and easements but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document Recording No: Docket 1635, page Matters contained in that certain document Entitled: Agreement and Notice of Municipal Provider Reporting Requirements for Pueblo Townhomes Regarding Membership in the Central Arizona Groundwater Replenishment District Recording Date: 10/02/2006 Recording No: Reference is hereby made to said document for full particulars. 10. Matters contained in that certain document Entitled: Declaration of Covenants, Conditions and Restrictions for Pueblo Townhomes Regarding Membership in the Central Arizona Groundwater Replenishment District Recording Date: 10/02/2006 Recording No: Reference is hereby made to said document for full particulars. 11. Covenants, conditions, restrictions and easements but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document Recording No: Modification(s) of said covenants, conditions and restrictions Recording No: , , , and FORM P2 1/22/

17 Liens and charges as set forth in the above mentioned declaration, Payable to: Pueblo Townhomes Homeowners Association 12. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document: Purpose: Utilities Recording Date: 01/25/2007 Recording No: A deed of trust to secure an indebtedness in the amount shown below, Amount: $75, Dated: 07/07/2014 Trustor/Grantor Pueblo Fourplexes, LLLP, an Arizona limited liability limited partnership Trustee: Fidelity National Title Agency Beneficiary: Kryland Developments, LLC Recording Date: 07/07/2014 Recording No: (Affects Lots 17 through 24) 14. A deed of trust to secure an indebtedness in the amount shown below, Amount: $668, Dated: November 10, 2014 Trustor: Pueblo Fourplexes, LLLP Trustee: Stearns Bank National Association Beneficiary: Stearns Bank National Association Recording Date: November 14, 2014 Recording No: (Affects Lots 17 through 24) FORM P2 1/22/

18 An agreement to modify the terms and provisions of said deed of trust as therein provided Executed by: Pueblo Fourplexes, LLLP and Stearns Bank National Association Recording Date: December 10, 2014 Recording No: Assignment of Rents Assigned to: Stearns Bank National Association Assigned by: Pueblo Fourplexes, LLLP Recording Date: November 14, 2014 Recording No: (Affects Lots 17 through 24) 16. A financing statement as follows: Debtor: Pueblo Fourplexes, LLLP Secured Party: Stearns Bank National Association Recording Date: November 14, 2014 Recording No: (Affects Lots 17 through 24) NOTE: There are no further matters of record concerning this subdivision through the date of this report. END OF SCHEDULE B FORM P2 1/22/

19 PUBLIC REPORT RECEIPT The developer shall furnish you, as a prospective customer, with a copy of the Public Report required by the Arizona Department of Real Estate. It is recommended that you read the report before you make any written offer to purchase or lease an interest in the development, and before you pay any money or other consideration toward the purchase or lease of an interest in the development. FOR YOUR PROTECTION, PLEASE DO NOT SIGN THIS RECEIPT UNTIL YOU HAVE RECEIVED A COPY OF THE REPORT AND HAVE HAD THE OPPORTUNITY TO READ IT. BY SIGNING THIS RECEIPT THE BUYER HAS ACCEPTED THE PUBLIC REPORT AND ACKNOWLEDGES THE INFORMATION IT CONTAINS. DM (Public Report Registration No.) Pueblo Townhomes (Development Name and Lot No.) I understand that the report is not a recommendation or endorsement of the development by the Arizona Department of Real Estate, but is for information only. (Buyer s Name) (Current Address) (Date)