201904287 - Laserfiche WebLink

Browse

X31904287 F. Invalidation. The invalidation of any one of the covenants or restrictions set forth herein shall not affect the validity of the remaining provisions hereof, all of which shall remain in full force and effect. F. Written Statement. The Developer or, after transfer of Developer's rights hereunder to the Owners Association, the Owners Association shall, upon the written request of any lot Owner, issue a written statement stating, to -wit: (i) whether or not such Lot Owner, and the Lot owned by such Lot Owner, is in compliance with the terms and provisions of these Covenants; (ii) whether or not such Lot Owner is liable for any past due assessments that may become a lien on the Lot owned by such Lot Owner; (iii) the amount, if any, of the last annual assessment levied by the Owners Association; (iv) the amount, if any, of any proposed special assessment against such individual Lot Owner requesting the written statement; (v) the amount, if any, of any proposed special assessment to be levied ratably against all of the Lots located within the Property and/or, if appropriate; (vi) the amount of general or special assessments for the Townhome Lots. G. FHA/VA Approval. As long as there is a Class A-2 or B-2 membership, the following actions may require the prior approval of the Federal Housing Administration or the Veterans Administration: Annexation of additional properties other than the remainder of the neighborhood, dedication of Common Area, and amendment of this Declaration of Covenants, Conditions and Restrictions. H. Termination of Declarant's Rights. The Orchard, LLC, or its successors or assigns, may terminate its status as Declarant under this Declaration, at any time, by filing a Notice of Termination of Status as Declarant. Upon such filing, or at such time Declarant no longer owns any lots subject to this Declaration, the rights of the Declarant shall automatically transfer to the Association and the Association may exercise such rights or appoint another entity, association or individual to serve as Declarant, and the Association or such appointee shall thereafter serve as Declarant with the same authority and powers as the original Declarant. I. Redevelopment Agreement. This development was assisted by tax increment financing provided by the City of Grand Island, Nebraska (the "City") pursuant to a Redevelopment Agreement dated June 12, 2019, a Memorand h was dated June 12, 2019 and recorded , 2019 as Instrument #2019- The Redevelopment Agreement permits and authorizes the City to capture the incremental tax revenue created by each phase of the Project to pay for eligible expenses consisting of the subdivision infrastructure. In turn, the individual Lot Owners agree, and the Lot Owners (Members) hereby affirm and acknowledge that they shall not protest an assessed valuation of their individual dwelling unit below the greater of i) the following minimum valuation levels or ii) the valuation on the first of January following the year of substantial completion of a residence upon said lot (which is intended to be the effective date of the tax increment financing for such lot) for a period expiring fifteen (15) years following the establishment 20