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201210158
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Last modified
8/19/2014 2:21:23 PM
Creation date
12/4/2012 4:02:11 PM
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DEEDS
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201210158
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201206668 <br />(e) <br />(h) Any shutters, awnings, window boxes, doorsteps, sloops, porches, <br />balconies, patios and all exterior doors and windows or other fixtures <br />designed lo servo a single unit, but located outside that unit's boundaries, <br />are limited common elements allocated to that unit, <br />at�T ICLE VI. SPECIAL DECLARANT R IG -t S AND DEVELOPMENT <br />�- -�-- - ,RIGHTS <br />Declarant shall reserve and have the following development rights: <br />(a) <br />Declarant shall control the Association and may appoint and remove the <br />officers and members of the Executive Board of Directors until the earlier of: <br />(1) <br />201104793 <br />201210158 <br />00505807 200907125 <br />Sixty (80) days after conveyance of ninety percent (90 %) of <br />the units which may be created Ica unit owners other than the <br />Declarant; or <br />(2) Two (2) years after Declarant has ceased to offer units for <br />sale in the ordinary course of business, <br />Not later than sixty (60) clays after conveyance of twenty-five percent (25 %) <br />of the units which may be created to unit owners other than the Declarant, <br />at least one (1) member and not less than twenty five percent (25 %) of the <br />members of the Executive Board of Directors shall be elected exclusively by <br />unit owners other than the Declarant. Not later than sixty (60) days after <br />conveyance of fifty percent (50 %) of the units which may be created to unit <br />owners other than the Declarant, not less than thirty three and one third <br />percent (33 1/3 %) of the members of the Executive Board of Directors shall <br />be elected exclusively by unit owners other Than the Declarant. <br />Not later than the termination of the period of the Declarant's control, the <br />unit owners shall elect an Executive Hoard of al least three (3) members, at • <br />least the majority of whom must be unit owners. The Executive Board shall <br />elect the officers. The Executive Board members and officers shall take <br />office upon election. <br />(b) Declarant reserves, without assent of owners of units, the right to establish <br />easements, reservations, exceptions and exclusions consistent with the <br />condominium ownership and for the best interests of all the owners in the <br />condominium, and to supplement or amend this Master Deed and <br />Declaration, or as amended, or the attached By -Laws or as amended, until <br />Declarant releases control of the Association as set forth In (a) of this <br />Article. <br />(c) Declarant further reserves the right to add to the condominium up to <br />seventy -seven (77) more units and a clubhouse to the condominium. <br />Declarant further reserves the right to add additional lands or Tots, being <br />Lots Two (2) through Twenty - nine (20), Inclusive, Village Third Subdivision <br />to the City of Grand Island, Hall County, Nebraska, in the event that <br />Declarant exercises this right, the reallocation of common elements and <br />expenses shall be accomplished by using the formula set forth in Article VII <br />herein. <br />(d) Declarant reserves the right to use any units owned by it as models., sales <br />offices, and management offices. Until completion of sales by Declarant of <br />all anticipated units-in the condominium, the reservation of rights in this <br />paragraph shall be applicable to any units added to the condominium. <br />Declarant reserves the right to have signs of any size and whatever nature <br />advertising the condominium and easements through the common elements <br />for the purpose of constructing additional units. <br />
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