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._~„~ SPECIAL WARRANTY DEED The CITY OF GRA1`iD ISLAND, NEBRASKA, a municipal corporation, herein called the "Grantor", in consideration of Six Thousand Five Hundred Dollars ($6,SOQ.00) received from Grantees, does hereby grant, bargain, sell, convey and confirm unto JAMES JOHN O'NEILL, THOMAS WILLIAM O'NEILL, JOSEPH PATRICK O'NEILL, and TIMOTHY RUSSELL O'NEiLL, as tenants in common, herein caked the Grantees, the following des- cribed real property in Hall County, Nebraska: The easterly 27 feet of Lot Seven (71, and all of Lot Eight ;8), 131eck Seventy-two t72), Original Town, now City of Grand Island, Ha11 County; Nebraska, hereinafter referred to as the "Premises". To have and tv bald the above describe3 premises unto Che Grantees and to Grantees' heirs and assigns forever so long as the Premises is used in conformity with the L!rban Renewal Plan and the Community Development Plan of the City of Grand Island, Nebraska, and so long as ail the `allowing conditions are met: 1. Grantees sha11 develop Che Premises herein conveyed for commercial use in accordance with C=rantees's proposal to purchase said Premises, which proposal is ors Zile with the Community Develop- ment Agency, together with the final plans for said redevelopment approved by the Community Development Agency and i:hief building official. of the City cf f..rand Island, Nebraska. 2. Grantees shall begin construction of. the improvements on the Premises within six i5i =nonths from the late of this Seed c>f conveyance, and said construction shall be ~empieted within one (1) year from the date of this deed unless completion time is waived by the Director of the Community Development Agency as a result of acts or renditions beyond the control of the. Grantees. The cc~mmerrial project shall be deemed compiee4d as of the date that the Direett7r o£ Cr,rumunity Development Agency Ei.na3ily examines t.'~,,.~ Premises and finds it to Meet the requiresreras czi the plzu.4 .:~;..i s,~ril'ications ;~ropased, suhmitCad, and epprovedrin- the .;ommerci<ik dewele>p~nt p~.rsuac~t to the l;rbaa~: 1'cenewal Ilan anc! 'i. rte Comt~:~ani.ty D~veic~l?mei~t Piara_ f~`s~r the' crarut¢t~rc izal pr.xject.