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�ol�o�� (c) Maintenance and repair of the privacy fence described hereinabove in Article III, Section B, Paxagraph 1 S; (d) Liability Insurance on improvements owned by the Association; and (e) Residential garbage removal (Developed Lots only). 5. The Association is specifically authorized hereunder to contract with any third party to perform the services of the Association hereunder. 6. In the event that there is any maintenance or repair to the Property done by Association resulting from the willful or negligent act of any Owner, his or her family, guest or invitees, the cost of such maintenance or repair shall be promptly paid by such Owner. 7. Monthly, quarterly or annual dues and special assessments may be levied by the Board of Directors of the Association for services provided by the Association. Except for dues and assessments levied for the maintenance and repair of the privacy fence described hereinabove in Article III, Section B, Paragraph 18, along with any liability insurance carried thereon, dues and assessments on Developed Lots within the Properiy shall be uniform and due and assessments on undeveloped Lots with the Property shall be uniform. Dues and assessments levied for the maintenance and repair of the privacy fence described hereinabove in Article III, Section B, Paragraph 18, along with any liability insurance carried thereon, shall be uniform and only be levied agamst the Owners of the following described real estate within the Property: Block Seven (7), Lots One (1) through Eight (8), in the City of Grand Island, Hall County, Nebraska; and Block Eight (8), Lots One (1) through Six (6), in the City of Grand Island, Hall County, Nebraska. 8. Owners shall pay such dues and special assessments to the Association upon receipt of billings therefore. Each Owner's dues shall be determined on an annual basis payable monthly, quarterly or annually as the Association's Board of Directors may determine. The amount of dues payable shall be based upon an estimate of the Association's cost for administration and maintenance and each Owner shall pay the dues so established in advance upon receipt of written notice of the amount thereof from the Association. Special assessments may be levied for any of the Association's operating costs that are not covered by dues. At the end of each fiscal year, a statement of the total year's Association operating costs shall be presented to Owners and the Owners shall pay any excess charge to the Association within thirty (30) days of receipt of a statement for that Owner's allocated share of excess chaxges. 9. All such dues and assessments shall further be subject to the following provisions: (a) The Association at its annual meeting of Owners shall prepare, approve and make available to each Owner a budget containing: (1) estimated revenue and expenses on an accrual basis; (2) the amount of any cash reserves of the Association currently available for services the Association provides and for contingencies; (3) an itemized estimate of the remaining life of, and the methods of funding to defray repair, replacement or additions to the improvements provided, maintained or installed by the Association; and (4) a general statement setting forth the procedures used by the Association in the calculation and establishment of reserves to defray the costs of repair, replacements or additions to the improvements provided, maintained or installed by the Association. 7