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"City" means the City of Grand Island, Nebraska. "Governing Body" means the Mayor and City Council of the City. Northwest Commons — Grand Island Mall, 2228 N Webb Rd 201407626 "Act" means Section 12 of Article VIII of the Nebraska Constitution, Sections 18 -2101 through 18 -2154, Reissue Revised Statutes of Nebraska, as amended, and acts amendatory thereof and supplemental thereto. "Authority" means the Community Redevelopment Authority of the City of Grand Island, Nebraska. "Holder(s)" means the registered owner or owners of TIF Indebtedness issued by the Authority from time to time outstanding. "Enhanced Employment Act" shall mean Nebraska Legislative Bill 562, 100th Legislature, effective date September 1, 2007, known as the "Enhanced Employment Area Occupation Tax," amending Sections 18 -2101, 18 -2103, 18 -2107, 18 -2111, 18 -2116, 18 -2119, and 18 -2130 of the Nebraska Revised Statutes and set forth in the Community Development Law, as may be amended from time to time. "Enhanced Employment Act Area" referred to in Section 18- 2142.02 of the Nebraska Revised Statutes and shall mean that area within a community redevelopment area as shown on Exhibit B, attached hereto and incorporated herein by this reference. "Enhanced Employment Act Indebtedness" shall mean the occupation tax revenue bonds, refunding bonds, notes, interim certificates, debentures, anticipation notes, and other indebtedness or obligations issued under the terms of this Agreement, the Bond Resolution, and the Occupation Tax Ordinance. The Enhanced Employment Act Indebtedness as initially issued by the Authority shall consist of the Authority's Occupation Tax Revenue Bond (Grand Island Northwest Commons Project), Series 2014, to be issued in an amount not to exceed $4,000,000.00 in substantially the form set forth on Exhibit E, attached hereto and incorporated herein by this reference, ( "Occupation Tax Revenue Bond "), and purchased by the Redeveloper as set forth in Section 4.05 of this Redevelopment Contract. "Enhanced Employment Act Period" shall mean the lesser of (i) the time period necessary for the occupation taxes levied on the Employment District to pay off any outstanding Enhanced Employment Act Indebtedness which have been issued stating such occupation tax as an available source for payment or (ii) twenty (20) years after the effective date of the Ad Valorem Tax Provision, as provided for in the Community Development Law. "Enhanced Employment Act Proceeds" shall mean any net proceeds from the issuance of the Enhanced Employment Act Indebtedness. "Enhanced Employment Act Project" means the improvements to the Enhanced Employment Act Area, as further described in Exhibit B and, as used herein, shall include additions and improvements thereto. The Enhanced Employment Act Project shall include all