2021-03-09 Resolution Number 2021-1RESOLUTION NO. 2021-1
COUNCIL MEMBER WOLFF INTRODUCED THE FOLLOWING RESOLUTION:
A RESOLUTION OF THE COMMUNITY DEVELOPMENT AGENCY
OF THE CITY OF BLAIR, NEBRASKA, ADOPTED BY THE MAYOR
AND COUNCIL OF THE CITY OF BLAIR, ACTING AS THE
GOVERNING BODY OF THE COMMUNITY DEVELOPMENT
AGENCY OF THE CITY OF BLAIR, NEBRASKA; AUTHORIZING
THE ISSUANCE OF A TAX INCREMENT REVENUE BOND; PROVID-
ING FOR THE TERMS AND PROVISIONS OF SAID BOND; AND
PLEDGING REVENUES OF THE AGENCY PURSUANT TO THE
COMMUNITY DEVELOPMENT LAW.
BE IT RESOLVED by the Mayor and Council of the City of Blair, Nebraska, acting as the
governing body of the Community Development Agency of the City of Blair, Nebraska, as follows:
Section 1. The Mayor and Council of the City of Blair (the "City") hereby find and determine:
(a) that, pursuant to the Nebraska Community Development Law, Article 21 of
Chapter 18, Reissue Revised Statutes of Nebraska (the "Act"), the Community Development
Agency of the City of Blair (the "Agency") has been duly created by ordinance for purposes of
assisting with redevelopment of blighted and substandard real estate located within the City; that
the Agency has and may exercise all of the powers of a redevelopment authority provided for
under the Community Development Law of the State of Nebraska; that there has been prepared a
redevelopment plan, entitled "Redevelopment Plan for the Hayden Place Redevelopment
Project" (the "Plan") for the redevelopment of the real estate described and referred to in Exhibit
A (hereinafter in this Resolution referred to as the "Project Area");
(b) that prior to the recommendation or approval of the Plan an area which includes the
Project Area was declared blighted and substandard by action of the Mayor and Council of the
City;
(c) that the City has had in effect its general plan for the development of the City from the
time prior to the preparation of the Plan;
(d) that the Plan was submitted to the Planning Commission of the City and approved and
thereafter recommended by the Agency to the Mayor and Council of the City, as and to the extent
required by the Act;
(e) that on the 13th day of October, 2020, the Mayor and Council of the City held a public
hearing on the Plan, for which notice was given by publication prior to such hearing in a
newspaper of general circulation in conformance with the Act, and, after such hearing, the Mayor
and Council gave their approval to the Plan;
(f) that the Plan, among other things, calls for the phased redevelopment of the Project
Area, with the first phase consisting of the construction of a hotel and related public and
private improvements (such first phase is referred to herein as the "Project");
(g) that SAI Properties V, Inc., a Nebraska corporation (hereafter in this Resolution
referred to as the "Redeveloper"), has undertaken or will undertake the redevelopment of the real
estate constituting a portion of the Project Area by constructing the Project as described in the
redevelopment contract between the Agency and Redeveloper, attached hereto and incorporated
herein as Exhibit B ("Redevelopment Contract"), and the City and the Agency have previously
communicated willingness to assist such redevelopment in order to encourage employment and
economic development of the City as well as for the redevelopment of a blighted and substandard
area of the City;
(h) that the Redeveloper has incurred and is expected to incur costs in excess of
$7,572,203 relating to construction of the Project, and intends to complete the Project prior to
June 30, 2022;
(i) that the Agency, upon the written request of Redeveloper, shall timely filed a "Notice
to Divide Tax" for the Project with the county assessor for Washington County, Nebraska;
0) that the Agency and the City have agreed to assist the Redeveloper with certain grants
as set forth in the Redevelopment Contract and in consideration for undertaking the costs of the
Project and for such purpose it is necessary for the Agency to authorize the issuance of its tax
increment revenue bond in an amount not to exceed $970,000;
(k) that the Redevelopment Contract between the Agency and the Redeveloper in the form
presented provides that the Agency and the City will assist the Redeveloper with certain grant
assistance and the issuance of the tax increment revenue bond as provided for in this resolution;
(1) that all ad valorem taxes received by the Agency's Treasurer related to the Project Area
shall be allocated to the tax increment revenue bond pursuant to the terms of said bond; and
(m) that all conditions, acts and things required by law to exist or to be done precedent to
the authorizing of the Agency's tax increment revenue bond as provided for in this Resolution do
exist and have been done as provided by the Act.
Section 2. A tax increment revenue bond in an amount not to exceed Nine Hundred Seventy
Thousand Dollars ($970,000) is hereby ordered issued in accordance with Section 18-2125 of the Act, by
the Agency and shall be designated as its "Tax Increment Revenue Bond of the Community Development
Agency for City of Blair, Nebraska (The Hayden Place Redevelopment Project — Phase One), Series
2021" (herein referred to as the "Bond"). The Bond shall be issued in the single denomination in an
amount not to exceed $970,000. The Bond shall be dated as of the date of its delivery ("Dated Date").
The Bond shall bear interest from the Effective Date (defined in Section 7 of this Resolution) until
maturity (or earlier redemption) at the rate of five and eight one -hundredths percent (5.08%) per annum.
The principal of the Bond shall become due on December 1 following the date that all excess ad valorem
real estate taxes for the Project have been divided and collected in conformance with Section 18-2147 of
the Act, provided that such principal amount shall be subject to mandatory redemption from "Available
Funds" as described in Section 5 below on June 1 and December 1 of each year. All interest upon the
Bond shall be payable on June 1 of the year following the Effective Date, and semiannually thereafter on
June 1 and December 1 of each year.
The Bond shall be issued in fully registered form. The Agency's Treasurer (the City Treasurer of
the City of Blair) is hereby designated as paying agent and registrar for the Bond (the "Agent"). The
Agent shall serve in such capacities pursuant to the terms of this Resolution. The interest due on each
interest payment date prior to maturity shall be payable to the registered owner of record as of the last
business day of the calendar month immediately preceding the calendar month in which such interest
payment date occurs (the "Record Date"), subject to the provisions of Section 4 hereof. Payments of
interest due on the Bond, except for payments due on final maturity date, or other final payment, shall be
made by the Agent by mailing or delivering a check or draft in the amount then due for interest on the
Bond to the registered owner of the Bond, as of the Record Date for such interest payment date, to such
owner's registered addresses as shown on the books of registration as required to be maintained in Sec-
tion 3 hereof. Payments of principal and interest due at final maturity or other final payment shall be
made by the Agent to the registered owner upon presentation and surrender of the Bond to the Agent at
the Agency's offices at City Hall in the City of Blair, Nebraska. The Agency and the Agent may treat the
registered owner of the Bond as the absolute owner of the Bond for the purpose of making payments
thereon and for all other purposes and neither the Agency nor the Agent shall be affected by any notice or
knowledge to the contrary, whether the Bond or any installment of interest due thereon shall be overdue
or not. All payments on account of interest or principal made to the registered owner of the Bond in
accordance with the terms of this Resolution shall be valid and effectual and shall be a discharge of the
Agency and the Agent, in respect of the liability upon the Bond or claims for interest to the extent of the
sum or sums so paid. Notwithstanding anything in this Resolution or the Redevelopment Contract to the
contrary, the Agent shall not disburse any amounts toward payment on the Bond unless and until
Redeveloper has provided the Agency with Eligible Costs Certifications (as defined in the
Redevelopment Contract) pursuant to Section 2 of the Redevelopment Contract. If Redeveloper fails to
submit Eligible Cost Certifications in an amount equal to or greater than the principal amount on the
Bond upon completion of the Project, the principal and outstanding interest on the Bond shall be
adjusted to reflect the aggregate total of the Eligible Costs Certifications.
Section 3. The Agent shall keep and maintain for the Agency books for the registration and
transfer of the Bond at the Agency's offices at City Hall in Blair, Nebraska. The name and registered
address of the registered owner of the Bond shall at all times be recorded in such books. The Bond may
be transferred pursuant to its provisions at the Agency's offices by surrender of such Bond for notation of
transfer, accompanied by a written instrument of transfer, in form satisfactory to the Agent, duly executed
by the registered owner in person or by such owner's duly authorized agent, and thereupon the Agent on
behalf of the Agency will register such transfer upon its books and make notation thereof on the Bond
and deliver the Bond at its office to the transferee owner (or send it by registered mail to the transferee
owner thereof at such transferee owner's expense). Any transfers of the Bond shall be upon the basis of a
private placement and each proposed transferee registered owner shall furnish the Agent with assurances
in form satisfactory to the Agent that such Bond is being purchased for investment purposes only, without
view to redistribution and upon the independent credit judgment and investigation of the proposed trans-
feree. The Agency and the Agent shall not be required to transfer the Bond during any period from any
Record Date until its immediately following interest payment date or to transfer the Bond when called for
redemption, in whole or in part, for a period of 15 days next preceding any date fixed for redemption or
partial redemption. Notwithstanding the foregoing, a collateral assignment of the bond may be
accomplished via the written consent of the Agency, in form and substance approved by the Agency in its
sole discretion.
Section 4. In the event that payments of interest or for mandatory partial redemption due on the
Bond on any interest payment date are not timely made, such interest or redemption price shall cease to
be payable to the registered owner as of the Record Date for such interest payment date and shall be
payable to the registered owner of the Bond as of a special date of record for payment of such defaulted
interest or redemption price as shall be designated by the Agent whenever monies for the purpose of
paying such defaulted interest or redemption price become available.
Section 5. At any time, the Agency shall have the option of prepaying in whole or in part
principal of the Bond. Any such optional prepayment of principal shall be accompanied by an amount
equal to all accrued but unpaid interest on the principal amount being prepaid. Notice of any optional
redemption for the Bond shall be given at the direction of the Agency by the Agent by mail not less than
15 days prior to the date fixed for redemption, first class, postage prepaid, sent to the registered owner of
the Bond at said owner's registered address. Notice of call for redemption may be waived in writing by
any registered owner. In the event of prepayment in whole the Bond shall be cancelled. The
determination of the amount and timing of any optional redemption of the Bond shall be in the absolute
discretion of the Agency. The Bond shall also be subject to mandatory partial redemption, without
notice, on each interest payment date from all funds to be available in the Bond Fund (as hereinafter
established and defined), including all amounts, if any, from investment earnings for such fund, rounded
down to the nearest one hundred dollars, after payment of all accrued but unpaid interest on each interest
payment date (which funds are referred to in this Resolution as "Available Funds"). Available Funds
shall be applied to the prepayment of principal on each interest payment date and shall be remitted to the
registered owner of the Bond with interest payments. The Agent shall mark the Agent's records with
respect to each mandatory partial principal prepayment made from Available Funds and it shall not be
necessary for the registered owner to present the Bond for notation of such prepayment. The records of
the Agent shall govern as to any determination of the principal amount of the Bond outstanding at any
time and the registered owner shall have the right to request information in writing from the Agent at any
time as to the principal amount outstanding upon the Bond.
Section 6. The Bond shall be in substantially the following form:
UNITED STATES OF AMERICA
STATE OF NEBRASKA
COUNTY OF WASHINGTON
TAX INCREMENT REVENUE BOND OF
THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF BLAIR, NEBRASKA
(THE HAYDEN PLACE REDEVELOPMENT PROJECT — PHASE ONE)
SERIES 2021
Principal Amount
$970,000
Dated Date: 2021
Interest Rate Per Annum
5.08%
KNOW ALL PERSONS BY THESE PRESENTS: That the Community Development Agency
of the City of Blair, Nebraska (the "Agency"), hereby acknowledges itself to owe and for value received
promises to pay, but only from the sources herein designated, to the registered owner designated on the
reverse hereof, or registered assigns, the principal sum shown above in lawful money of the United States
of America with such principal sum to become due on the maturity date, as set forth below, with interest
on the unpaid balance from the Effective Date (as set forth in the Resolution) until maturity or earlier
redemption at the rate per annum set forth above. The principal of this bond shall become due on
December 1 following the date that all excess ad valorem real estate taxes for the Project (as defined in
the Resolution) have been divided and collected in conformance with Section 18-2147 of the Nebraska
Community Development Law, Article 21 of Chapter 18, Reissue Revised Statutes of Nebraska (the
"Act"). All interest upon this bond shall be payable on June 1 of the year following the Effective Date,
and semiannually thereafter on June 1 and December 1 of each year.
The payment of principal and interest due upon the final maturity is payable upon presentation
and surrender of this bond to the Treasurer of said Agency, as Paying Agent and Registrar for said
Agency, at the offices of the Community Development Agency of the City of Blair, Nebraska, at City
Hall, in Blair, Nebraska. The payments of interest and of mandatory redemptions of principal on each
interest payment date (other than at final payment) will be paid when due by a check or draft mailed or
delivered by said Paying Agent and Registrar to the registered owner of this bond, as shown on the books
of record maintained by the Paying Agent and Registrar, at the close of business on the last business day
of the calendar month immediately preceding the calendar month in which the interest payment date
occurs, to such owner's address as shown on such books and records. Any payment of interest or
mandatory redemption of principal not timely paid when due shall cease to be payable to the person
entitled thereto as of the record date such interest was payable, and shall be payable to the person who is
the registered owner of this bond on such special record date for payment of such defaulted interest or
redemption price as shall be fixed by the Paying Agent and Registrar whenever monies for such purpose
become available.
This bond is the sole bond of its series of the total principal amount of Nine Hundred Seventy
Thousand Dollars ($970,000) issued by the Agency for the purpose of paying a portion of the costs of
redevelopment of certain real estate as described in the Redevelopment Contract (as defined in the
Resolution) and as designated in that Redevelopment Plan recommended by the Agency and approved by
the Mayor and Council of the City of Blair, Nebraska, on, October 13, 2020 (the "Plan"), all in compli-
ance with the Act, and has been duly authorized by resolution passed and approved by the Mayor and
Council of the City of Blair, acting as the governing body of the Agency (the "Resolution").
The conditions for the issuance and purchase of this bond are set forth in the Redevelopment
Contract and the terms and conditions of the Redevelopment Contract are incorporated herein by
reference.
The Agency, however, reserves the right and option of prepaying principal of this bond, in whole
or in part, from any available sources at any time, at the principal amount thereof designated for
redemption plus accrued interest to the date fixed for redemption of the principal amount so designated
for optional redemption. Notice of any such optional prepayment shall be given by mail, sent to the
registered owner of this bond at said registered owner's address in the manner provided in the Resolution.
The principal of this bond shall be subject to mandatory optional redemptions made in part on any interest
payment date from "Available Funds" (as defined in the Resolution) without any requirement for notice.
Such optional and mandatory prepayments shall be made upon such terms and conditions as are provided
for in the Resolution.
A PORTION OF THE PRINCIPAL AMOUNT OF THIS BOND MAY BE PAID OR
REDEEMED WITHOUT SURRENDER HEREOF TO THE PAYING AGENT AND REGISTRAR.
THE REGISTERED OWNER OR ANY TRANSFEREE OR ASSIGNEE OF SUCH REGISTERED
OWNER MAY NOT RELY UPON THE PRINCIPAL AMOUNT INDICATED HEREON AS THE
PRINCIPAL AMOUNT HEREOF OUTSTANDING AND UNPAID. THE PRINCIPAL AMOUNT
HEREOF OUTSTANDING AND UNPAID SHALL FOR ALL PURPOSES BE THE AMOUNT
DETERMINED BY THE RECORDS OF THE PAYING AGENT AND REGISTRAR IN THE
MANNER PROVIDED IN THE RESOLUTION.
This bond constitutes a limited obligation of the Agency payable exclusively from that portion of
the ad valorem real estate taxes mentioned in Section 18-2147 of the Act, as levied, collected and
apportioned from year to year with respect to certain real estate described in the Redevelopment Contract
and located within the "Project Area" (as defined in the Resolution) for all taxes received by the Agency's
Treasurer attributable to the Project Area which are received by said Treasurer as of and from and after
January 1 of the year following the Effective Date, and which are attributable to valuation increases of the
real estate described in the Redevelopment Contract and within the Project Area based on any increase in
the taxable value determined as of the Effective Date.
Pursuant to the Resolution and Sections 18-2124 and 18-2150 of the Act, said portion of taxes has
been pledged for the payment of this bond, both principal and interest as the same fall due or become
subject to mandatory redemption. This bond shall not constitute a general obligation of the Agency and
the Agency shall be liable for the payment thereof only out of said portion of taxes as described in this
paragraph. This bond shall not constitute an obligation of the State of Nebraska or of the City of
Blair (except for such receipts as have been pledged pursuant to said Sections 18-2124 and 18-2150
of the Act) and neither the State of Nebraska nor the City of Blair shall be liable for the payment
thereof from any fund or source including but not limited to tax monies belonging to either thereof
(except for such receipts as have been pledged as described above in this paragraph). Neither the
members of the Agency's governing body nor any person executing this bond shall be liable personally
on this bond by reason of the issuance hereof.
This bond is transferable by the registered owner or such owner's attorney duly authorized in
writing at the office of the Paying Agent and Registrar upon surrender of this bond for notation of transfer
as provided on the reverse hereof and subject to the conditions provided for in the Resolution. The
Agency, the Paying Agent and Registrar and any other person may treat the person whose name this bond
is registered as the absolute owner hereof for the purposes of receiving payment due hereunder and for all
purposes and shall not be affected by any notice to the contrary, whether this bond be overdue or not.
THIS BOND, UNDER CERTAIN TERMS SET FORTH IN THE RESOLUTION AUTHORIZING ITS
ISSUANCE, MAY ONLY BE TRANSFERRED TO PERSONS OR ENTITIES DELIVERING AN
INVESTMENT LETTER TO THE PAYING AGENT AND REGISTRAR CONFORMING TO
REQUIREMENTS SET FORTH IN SAID RESOLUTION; PROVIDED THAT NO SUCH LETTER
SHALL BE REQUIRED TO COLLATERALLY ASSIGN THIS BOND.
NOTWITHSTANDING ANYTHING IN THIS BOND, THE RESOLUTION OR THE
REDEVELOPMENT CONTRACT TO THE CONTRARY, THE AGENT SHALL NOT DISBURSE
ANY AMOUNTS TOWARD PAYMENT ON THIS BOND UNLESS AND UNTIL REDEVELOPER
HAS PROVIDED THE AGENCY WITH ELIGIBLE COSTS CERTIFICATIONS (AS DEFINED IN
THE REDEVELOPMENT CONTRACT) PURSUANT TO SECTION 2 OF THE REDEVELOPMENT
CONTRACT. IF REDEVELOPER FAILS TO SUBMIT ELIGIBLE COST CERTIFICATIONS IN
AN AMOUNT EQUAL TO OR GREATER THAN THE INITIAL PRINCIPAL AMOUNT ON
THIS BOND UPON COMPLETION OF THE PROJECT, THE PRINCIPAL AND OUTSTANDING
INTEREST ON THIS BOND SHALL BE ADJUSTED TO REFLECT THE AGGREGATE TOTAL
OF THE ELIGIBLE COSTS CERTIFICATIONS.
If the day for payment of the principal of or interest on this bond shall be a Saturday, Sunday,
legal holiday or a day on which banking institutions in the City of Blair, Nebraska, are authorized by law
or executive order to close, then the date for such payment shall be the next succeeding day which is not a
Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized to close, and
payment on such date shall have the same force and effect as if made on the nominal date of payment.
IT IS HEREBY CERTIFIED AND WARRANTED that all conditions, acts and things required
by law to exist or to be done precedent to and in the issuance of this bond, did exist, did happen and were
done and performed in regular and due form and time as required by law and that the indebtedness of said
Agency, including this bond, does not exceed any limitation imposed by law.
IN WITNESS WHEREOF, the Mayor and Council of the City of Blair, Nebraska, as the
governing body of the Community Development Agency of the City of Blair, Nebraska have caused this
bond to be executed on behalf of said Agency by being signed by the Chairperson and Secretary, all as of
the Dated Date shown above.
Dated this day of , 2021.
ATTEST:
(Sample — Do Not Sign)
Secretary
COMMUNITY DEVELOPMENT AGENCY OF
THE CITY OF BLAIR
By: (Sample — Do Not Sign)
Chairperson
PROVISION FOR REGISTRATION
The ownership of this Bond shall be registered as to both principal and interest on the books and
records of the Community Development Agency of die City of Blair, Nebraska kept by the Paying Agent
and Registrar identified in the foregoing bond, who shall make notation of such registration in the
registration blank below, and the transfer of this Bond may thereafter be registered only upon an
assignment duly executed by the registered owner or such owner's attorney or legal representative, in
such form as shall be satisfactory to said Paying Agent and Registrar, such registration of transfer to be
made on such books and endorsed hereon by said Paying Agent and Registrar.
Date of Registration
Name of Registered Owner
Signature of Paying Agent
and Registrar
, 2021
(Sample — Do Not Sign)
Section 7. This Resolution sets forth January 1 of the year in which a "Notice to Divide Tax" for
the Project is filed with the county assessor for Washington County, Nebraska, as the "Effective Date",
after which ad valorem taxes on real property located within the Project Area are to be apportioned
pursuant to Section 18-2147 of the Act. As of and from and after January 1 of the year following the
Effective Date, that portion of the ad valorem taxes on the real estate located within the Project Area
which is described in subdivision (1)(b) of Section 18-2147 of the Act, and which ad valorem taxes
received by the Agency's Treasurer attributable to the Project Area which are attributable to valuation
increases determined as of the Effective Date (the "Project Area Tax Receipts"), shall be paid into a
special fund of the Agency to be designated as the "Community Development Agency — The Hayden
Place Redevelopment Project – Phase One Project Fund" (the "Bond Fund") to be held by the Agent for
application to payments on the Bond.
The Agency hereby pledges for the payment of the Bond both principal and interest as the same
fall due, equally and ratably, all Project Area Tax Receipts associated with the real estate described in the
Redevelopment Contract and so paid into the Bond Fund as a prior and first lien upon said receipts for the
security and payment of the Bond. Monies held in the Bond Fund shall be invested to the extent
practicable and investment earnings on such monies shall be applied in the same manner as all other
funds held in the Bond Fund.
Section 8. The Bond shall be executed on behalf of the Agency by the Chairperson and Secretary.
Upon execution, the Bond shall be registered by the Agent in the name of the Redeveloper or its designee
as the initial registered owner and shall be delivered in consideration of the performance by the
Redeveloper in accordance with the Plan. The Redeveloper may request notation of a pledge interest in
the Bond on the records of the Agent. The initial purchaser (and any pledgee) of the Bond shall be
required to deliver an investment representation letter to the Agent. Such letter shall be satisfactory in
form to the officers of the Agency, or any one or more of them, as advised by the Agency's attorneys.
Section 9. If the date for payment of the interest or principal on the Bond shall be a Saturday,
Sunday, legal holiday or a day on which banking institutions in the City of Blair, Nebraska, are
authorized by law or executive order to close, then the date for such payment shall be the next succeeding
day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are
authorized to close, and payment on such day shall have the same force and effect as if made on the
nominal date of payment.
Section 10. The Secretary of the Agency shall make and certify one or more copies of the
transcripts of the proceedings of the Agency precedent to the issuance of the Bond one of which copies
shall be delivered to the Agency.
Section 11. The Chairperson and Secretary or any one of them are hereby authorized to take any
and all actions, and to execute any and all documents deemed by them necessary to effect the transactions
authorized by this Resolution.
Section 12. The authorization for the Bond provided for in this Resolution is based upon
expectations as to completion of construction, valuation and proposed tax rates suggested by and/or
agreeable to the Redeveloper. The Agency has given and hereby gives no assurances that such
expectations will in fact be fulfilled.
Section 13. Interest on the Bond shall be subject to taxation for both federal and Nebraska state
income taxes, as and to the extent provided by law, and no information report shall be filed with the
Internal Revenue Service under Section 149(e) of the Code.
Section 14. If any section, paragraph, clause or provision of this Resolution shall be held invalid,
the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of
this Resolution.
Section 15. This Resolution shall be in force and take effect from and after its adoption as
provided by law.
Q �� ed and Approved this 9th day of MARCH, 2021.
�Ao�gr ,g6� Chairperson
A
Secretary
APPROVED AS TO FORM:
1-1 �� 5-v-�
2v-- % 4 ---
SPECIAL CITY ATTORNEY
Exhibit "A"
Legal Description of the Project Area
BC HAYDEN PLACE FIRST ADD REPLAT ONE LOT 1 114 PC 1 1.65 AC,
BLAIR, WASHINGTON COUNTY, NEBRASKA (Parcel ID 890087921);
Ma
BC HAYDEN PLACE FIRST ADD REPLAT ONE LOT 2 114 PC 2 1.59 AC,
BLAIR, WASHINGTON COUNTY, NEBRASKA (Parcel ID 890087922);
Together with
All public rights-of-way adjacent thereto.
* The Project Area shall consist of a portion of the above-described tracts. Upon the subdivision or
other action undertaken by Redeveloper that results in the creation of a tax parcel consisting of only
the Project Area, as approved by the relevant governmental authority, such parcel shall automatically
be incorporated herein and made a part of this Resolution to provide a more specific description of the
Project Area.
Exhibit "B"
Redevelopment Contract
(See attached)