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SUBDIVISION AGCtr:EMENT ~ 1 _ 11(I e3 ~ t~3~3 SILVERWOOD SUBDIVISION In the City of Grand Island, Nebraska The undersigned, Plains Development Co., a limited partnership comprised of Plains Contracting Company, a partner; Bernard E. Horst, a partner; and Larry Boesen, Partner, as Owner; and Commercial • Nati-onal Bank and Trust Company, Mortgagee, hereinafter called the Subdividers, as owners of a tract of land comprising Lot Two (2), Jack Bailey Subdivision, an Addition to the City of Grand Islan , more particularly described as follows: Begginning at the Southeast corner of said Lot Two (2), Jack Bailey Subdivision; thence S 890 52' Q8" W for I60 feet along the North right-of-way line of Stolley Park Road to the Southeast corner of Lot One (1) of said Sack Bailey Subdivision; thence N QO° 46' 08" W for 19$.11 feet along the East line of said Lot One (1) to the Northeast corner of said Lot One (1); thence N 890 58` 06" W for 177 feet along the North line of said Lot One (1) to the East right-of-way line of Adams Street; thence N 00 37' 00" W for 213.60 feet along the said East right-of-way line to the Northwest cart.°° of said Lot Two (2}; thence East for 337.18 feet along the North line to the Northeast corner of said Lot Two (2); thence S 00° 38' 21" E for 411.45 feet along the East line of said Lot Two (2) to the point of beginning, and containing 2.38 acres, anare or less (the North line of said I.ot Two (2} of Jack Bailey Subdivision assumed East/West in direction; desire to have subdivided as a subdivision the above described tract of land which is located within the corporate Limits of the City of Grand Island, Nebraska, and hereby submit 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 SILVERWQOD SUBDIVISION, des~.gnating explicitly the land to be laid out as a planned unit development, and particularly describing the lots and easements belonging to such subdivision, with lots designated by number, and easements by dimensions, and propose to cause the plat of such sub- division when finally approved by the Regional Planning Commission arty the City Council to be acknowledged by such owners, certified Co accuracy of survey by a registered land surveyor, and to contain a dedicatign of the easements to the use and benefit of public utilities. Ixa consideration of the acceptance of the plat of said SILYERWOOD ~.=.