Laserfiche WebLink
20190428 <br />for each sub -phase of the Project. The Tax Increment captured by the Authority shall be used to <br />make the public improvements as described in the Redevelopment Contract. The Project shall be <br />completed in up to nine (9) sub -phases. Each sub -phase may have a separate effective date. The <br />entire Project shall be completed no later than December 31, 2028. <br />4. Minimum Lot Valuation. The Redevelopment Contract establishes a minimum <br />taxable real property valuation for each lot in the Project Site (the "Minimum Lot Valuation") <br />and provides that neither Redeveloper, nor its successors and assigns, shall: (a) protest the real <br />property valuation of any lot in the Project to a sum less than the Minimum Lot Valuation; or (b) <br />convey the Project Site, any lot in the Project Site, or structures thereon to any entity which <br />would be exempt from the payment of real estate taxes or cause the nonpayment of such real <br />estate taxes. <br />5. Remaining Terms. The rest and remaining terms of the Redevelopment Contract <br />are hereby incorporated into this Memorandum as if they were set forth in full. A full and <br />correct copy of the Redevelopment Contract may be inspected at the Authority offices in Grand <br />Island, Nebraska. <br />ATTEST: <br />r' <br />By: ‘i <br />Secretary <br />STATE OF NEBRASKA <br />COUNTY OF HALL ) <br />) ss. <br />By: <br />"Authority" <br />COMMUNITY REDEVELOPMENT <br />AUTHORITY OF THE CITY OF <br />GRAND ISLAND, NEBRASKA <br />Chairman <br />!� <br />The fore oing instrument was acknowledged before me this /0 day of July, 2019, by <br />&lad /1J i andThorncs rL.�qocc � , Chairman and Secretary respectively of the <br />Community Re evelopment Authority of the City of Grand Island, Nebraska, a public body <br />corporate and politic, on behalf of the Authority. <br />Notary Public l: <br />