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WITNESSETH: m -n C Z r nn X = REDEVELOPMENT CONTRACT (Grand Island Northwest Commons Project) ARTICLE I DEFINITIONS AND INTERPRETATION Section 1.01 Terms Defined in this Redevelopment Contract. Northwest Commons — Grand Island Mall, 2228 N Webb Rd 2A This Redevelopment Contract is made and entered into as of the 30 day of OC O6.tr , 2014, by and between the Community Redevelopment Authority of the City of Grand Island, Nebraska ( "Authority "), the City of Grand Island, Nebraska, a Nebraska municipality of the first class ( "City "), and Grand Island Joint Venture, LLC, a Missouri limited liability company ( "Redeveloper "). WHEREAS, the City of Grand Island, Nebraska (the "City'), in furtherance of the purposes and pursuant to the provisions of Section 12 of Article VIII of the Nebraska Constitution and Sections 18 -2101 through 18 -2154, Reissue Revised Statutes of Nebraska, as amended (collectively the "Act "), has designated an area within the City as blighted and substandard; WHEREAS, the Authority has adopted, after approval by the Mayor and Council of the City, that redevelopment plan entitled "Amended and Restated Site Specific Redevelopment Plan Grand Island CRA Area 9" (the "Redevelopment Plan"); WHEREAS, Authority and Redeveloper desire to enter into this Redevelopment Contract in order to implement the Redevelopment Plan and provide for the redevelopment of lots and lands located in a blighted and substandard area and enhanced employment area; NOW, THEREFORE, in consideration of the mutual covenants and agreements herein set forth, Authority and Redeveloper do hereby covenant, agree and bind themselves as follows: Unless the context otherwise requires, the following terms shall have the following meanings for all purposes of this Redevelopment Contract, such definitions to be equally applicable to both the singular and plural forms and masculine, feminine and neuter gender of any of the terms defined: