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20180$827 DISTANCE OF 640.00 FEET; THENCE N90°00'00"W A DISTANCE OF 1151.84 FEET; THENCE S01 °44'40"E A DISTANCE OF 631.81 FEET; THENCE N89°58'02"W A DISTANCE OF 175.08 FEET TO A POINT ON SAID EAST UNION PACIFIC RAILROAD R.O.W. LINE; THENCE N01 °44'40"W ALONG SAID EAST R.O.W. LINE A DISTANCE IF 1332.03 FEET TO THE POINT OF BEGINNING. SAID TRACT CONTAINS A CALCULATED AREA OF 1,047,999.85 SQUARE FEET OR 24.059 ACRES MORE OR LESS, OF WHICH 3.547 ACRES ARE NEW DEDICATED ROAD RIGHT-OF-WAY; desires to have subdivided as a subdivision the foregoing tract of land located within the corporate limits of the City of Grand Island, Nebraska, and hereby submits to the City Council of such City for acceptance as provided by law an accurate map and plat of such proposed subdivision, to be known as INDUSTRIAL FOUNDATION SUBDIVISION, designating explicitly the land to be laid out and particularly describing the lots, easements, and streets belonging to such subdivision, with the lots designated by number, easements by dimensions, and streets by name, and proposes to cause the plat of such subdivision when finally approved by the Regional Planning Commission and the City Council to be acknowledged by such owner, certified as to accuracy of survey by a registered land surveyor, and to contain a dedication of the easements to the use and benefit of public utilities, and of the street to the use of the public forever. In consideration of the acceptance of the plat of said INDUSTRIAL FOUNDATION SUBDIVISION, the Subdivider hereby consents and agrees with the City of Grand Island, Nebraska, that it will install or provide at its expense the following improvements: 1. Paving. The Subdivider agrees to pave Iron Drive and Colbalt Drive in accordance with plans and specifications approved by the City's Director of Public Works, and subject to the City's inspection. If the Subdivider fails to pave Iron Drive and Colbalt Drive, the City 2