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201106937
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Last modified
10/9/2011 10:52:19 PM
Creation date
9/20/2011 8:40:44 AM
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DEEDS
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201106937
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r <br />, • - • . � �0110693 <br />�� <br />b. The Boazd of Directors of Heartland must approve and adopt a resolution in <br />accordance with Heartland's Articles of Incorporation and Bylaws and applicable <br />to federal and state statutes, describing the scope of the Project, the estimated <br />costs of the Project and confirming that funds and Financing are available to <br />Hear[land to pay for: <br />The costs of construction and acquisition of the Project. <br />2. The casts of any equipment to be provided by Hear�land as contemplated <br />by the management contract with Heartland. <br />3. The costs related to any other portions of the Site described in the Declara- <br />tion and the Plans and Specifications wtuch is to be improved or con <br />smicted in connection with the construction of the Project as contemplat.�d <br />by the management agreement with Heartland <br />Estirnates for all costs of the Project and any and aCl such related equipment and im- <br />provements shall be set forth in such resolution. Such resolution of the Board of Directors of <br />Heartland must be appmved hy Fonner Park. <br />c. Heartland sha11 provide a copy of the Plans and Specifications to the City. <br />d. Heartland must cause Fonner Park ta execute and deliver a Declaration in accor- <br />dance with Neb. Rev. Sta.�, §§76-825 to 76-894, as amended, or other relaxed in- <br />strument which shall, amang other things, specify the unit of real estate consti- <br />tuting the Project based upon the Plans and Specifications and the rights and <br />easements through comrnon elements or otherwise for the benefit of such unit, in <br />cluding, 6ui not limited to, the easement under Paragraph 4. below. <br />e. Heartland shaU provide a copy of the Declaration to the City. The Declaration <br />shall be executed, delivered and recorded against the Site. <br />f. The Boazd of Directors of Heartland shall reafftrm the covenaats of Heartland <br />made in this Agreement and notify the City of Heartland's intent to pr�eed by <br />resolution duly appmved and adopted and forwazded to the Mayor and City <br />Council of the City. <br />g. Heartland shall cause its Bylaws to be amended by Fonner Pazk to provide that <br />the City shall have the power to remave for cause any member of the governing <br />board of Heartland and appoint a successor consistent with the requirements of <br />Rev. Proc. 82-26. <br />h. Heartland shall amend any existing agreements with any person or entity that does <br />not comply with the requirements of Rev: Proc. 82-26 so that such existing <br />� <br />
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