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201503252
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5/20/2015 8:49:55 AM
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5/20/2015 8:49:51 AM
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DEEDS
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201503252
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14.4 Violations Constitute a Nuisance. <br />20150325' <br />Any violation of any provision, covenant, condition, restriction or equitable servitude <br />contained in this Declaration, whether by act or omission, is hereby declared to be a nuisance and <br />may be enjoined or abated, whether or not the relief sought is for negative or affirmative action, <br />by any person entitled to enforce the provisions of this Declaration. <br />14.5 Notices. <br />Any submissions or notices required or permitted to be given to the Association or the <br />DRC under or pursuant to this Declaration shall be in writing and shall be sent by United States <br />Certified Mail, Return Receipt Requested, addressed to the Association or DRC at 2502 N Webb <br />Road, Grand Island, NE 68803. Any submission or notice given in any other manner (including <br />without limitation any submission or notice given to persons at Declarant's sales office) shall <br />have no force or effect and shall not be deemed to have been given or received for any purpose <br />under this Declaration. Any notice given pursuant to this Section that is refused shall be deemed <br />to be given and received for all purposes hereunder. <br />ARTICLE 15 <br />PROHIBITION OF EXEMPTION FROM PROPERTY TAXATION <br />15.1 Funding of Development Costs. <br />The source of funding for infrastructure development costs related to this Project is <br />dependent upon Tax Increment Financing approved by the Community Redevelopment <br />Authority of the City of Grand Island, Nebraska, ( "Community Redevelopment Authority ") and <br />each Owner shall be required to abide by all of the requirements related to preservation and <br />repayment of such Tax Increment Financing for so long as there shall remain outstanding <br />indebtedness attributable to redevelopment costs on any portion of the Project supported thereby. <br />15.2 Waiver of Exemption Rights. <br />NO OWNER MAY CLAIM, OR IN ANY MANNER UTILIZE, THE NEBRASKA <br />HOMESTEAD EXEMPTION (OR ANY OTHER EXEMPTION UNDER NEBRASKA <br />OR FEDERAL LAW) TO EXCLUDE ANY LOT FROM THE OBLIGATION TO PAY <br />ANY AD VALOREM TAXES LEVIED UPON REAL PROPERTY WITHIN THE <br />PROJECT FOR SO LONG AS ANY PORTION OF SUCH AD VALOREM TAXES <br />ATTRIBUTABLE TO THAT LOT ARE ALLOCATED INTO A SPECIAL FUND OF <br />THE COMMUNITY REDEVELOPMENT AUTHORITY FOR THE PAYMENT OF <br />PRINCIPAL, INTEREST, AND OTHER ELIGIBLE COSTS RELATED TO THE <br />PROJECT; AND EACH OWNER SHALL BE DEEMED TO HAVE IRREVOCABLY <br />WAIVED ANY SUCH EXEMPTION. <br />Page 62 of 69 <br />
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