The URL can be used to link to this page

ORD 37803 - Colombo LLC TIF redevelopment loan agmt V •r �AHA,N oF_ �Fe4s Planning Department /U� .0.k1; Omaha/Douglas Civic Center 1819 Farnam Street,Suite 1100 � ,,�" �' �► �, Omaha,Nebraska 68183 �� ?_.mar'' (402)444-5150 ° TFD FEBR�t"Q- Telefax(402)444-6140 Steven N.Jensen,AICP City of Omaha Director Mike Fahey,Mayor July 10, 2007 Honorable President and Members of the City Council, The attached proposed Ordinance approves the Columbo L.L.C. Tax Increment Financing (TIF) Redevelopment Agreement for the implementation of the Aksarben Place Redevelopment Project located at 6303-6307 Center Street which provided for the development of two buildings for mixed uses including office, retail and restaurant space. The project will compliment the general Aksarben Village redevelopment and represents continued expansion of commercial development around the University of Nebraska at Omaha and the Ak-Sar-Ben Business and Education Campus. The project cost is approximately $6,205,316.00 funded in part with TIF funds up to the amount of$576,000.00. The City Planning Board recommended approval of the Columbo L.L.C. Redevelopment Plan for the Aksarben Place Project at its meeting on February 7, 2007 with City Council approval April 24, 2007. Your favorable consideration of this Ordinance will be appreciated. Respectfully submitted, Referred to City Council for Consideration: C(2T "? • teven N. Jensen, AICP Date Mayor's Office Date sfieeKTanning Director Approved: • Approved: Q -77)4,)ol 7-Z —off Carol A. Ebdon Date bert G. Stubbe, .E: Date Finance Director Public Works Director P:\PLN5\15739pjm.doc g atiop in the County of Dougl and State of Nebraska. �.Q .GERk�. �� .,of• Np�ARv .. Subscribed in .,l�presence and sworn to before •p ilisiQ9i ` �S N$ •:21 5 0 me this 1 S t ay of • 1‘dditional Copiee$•• _0_7 ,, •••.MAY 6 ?.• Qc�, ,�rr 4TOF No u is• an f glas County, �� State of Nebraska that certain of its facilities Augus t 1 , 200 7 comply with the Americans With Disabilities Act of 1990.This project represents the latest in a series of proposed projects intended to comply with said Agreement;providing that the City negotiate with the property owners for land acquisitions, permanent easements and temporary construction easements; That s u•..•aper during that time was regularly published and providing that as to each specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; ORDINANCE NO.37F AN ORDINANCE to approve the Tax Increment Financing (TIF) Redevelopment Loan Agreement with Colombo LLC, a Nebraska limited liability company 11550 "I" Street, Suite 200, Omaha, Nebraska 68137 in the amount of$576,000 for the development of the two buildings providing 30,000 square feet of retail and office space for the Aksarben Place Redevelopment Project site located at 6303 and 6307 Center Street, Omaha, • Nebraska, along with the public streets and rights-of-way and any adjacent property contemplated by the Redevelopment Plan; and providing for an effective date. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OMAHA: Section 1. The Mayor is hereby authorized to execute, and the City Clerk to attest, the attached Tax Increment Financing (TIF) Redevelopment Loan Agreement with Colombo LLC, a Nebraska limited liability company located at 11550 "I" Street, Suite 200, Omaha, Nebraska 68137, providing for tax increment financing in the amount of $576,000, to implement the Colombo LLC, Aksarben Place Redevelopment Plan that provides for the renovation of the site into a 30,000 square feet complex with retail, office, parking, and related facilities as may be required including any other documents in connection with the Redevelopment Agreement necessary or appropriate to consummate the loan. Section 2. Said Redevelopment Agreement contains obligations undertaken pursuant to the Nebraska Community Development Law and Sections 18-2147 through 18-2150; and, are not otherwise obligations of the City of Omaha. (2T "? • teven N. Jensen, AICP Date Mayor's Office Date sfieeKTanning Director Approved: • Approved: Q -77)4,)ol 7-Z —off Carol A. Ebdon Date bert G. Stubbe, .E: Date Finance Director Public Works Director P:\PLN5\15739pjm.doc g atiop in the County of Dougl and State of Nebraska. �.Q .GERk�. �� .,of• Np�ARv .. Subscribed in .,l�presence and sworn to before •p ilisiQ9i ` �S N$ •:21 5 0 me this 1 S t ay of • 1‘dditional Copiee$•• _0_7 ,, •••.MAY 6 ?.• Qc�, ,�rr 4TOF No u is• an f glas County, �� State of Nebraska that certain of its facilities Augus t 1 , 200 7 comply with the Americans With Disabilities Act of 1990.This project represents the latest in a series of proposed projects intended to comply with said Agreement;providing that the City negotiate with the property owners for land acquisitions, permanent easements and temporary construction easements; That s u•..•aper during that time was regularly published and providing that as to each specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; • ORDINANCE NO. ,3 7,0 .PAGE -2- Section 3. That this Ordinance, not being legislative in character, shall take effect upon the date of its passage in accord with Section 2.12 of the Omaha Municipal Code. INTRODUCED BY COUNCILMEMBER /046041 (71 ) 4L APPROVED BY: )0 A 42 7/.17 PASSED JUL 2 4 2OOI �'� MAYOR OF THE CI OF OMAHA DA E ATTEST: O CI LERK 0 THE CITY OF OMAHA D T APPROVED AS TO FORM: + CITY ATTORNEY ATE P:\PLN5\15738pjm.doc 0 t e. caw 51 21 2... — ''''1'1' earb---- 8 04L 8 wNI _.--/ „-------- �/ u) 2 a� at tea. �� --i§ 8r2nd Ave— • 7 ill' PUI 5 c 2.7'2- 6 OF 8 OPW 5( 31S $,fig rs,ay, . I , REDEVELOPMENT AGREEMENT THIS REDEVELOPMENT AGREEMENT("Agreement")is made and entered into by and among the City of Omaha, Nebraska, a Municipal Corporation in Douglas County,Nebraska(the "City"), and Columbo, LLC, a Nebraska limited liability company, 11550 I Street, Suite 200, Omaha, Nebraska 68137 ("Redeveloper"). RECITALS: WHEREAS, on April 24, 2007, the City Council of the City of Omaha approved the Aksarben Place Redevelopment Plan which provided for the redevelopment of the site located at 6303-6307 Center Street,Omaha,Nebraska,and the use of the excess ad valorem taxes generated by such development; and, WHEREAS, this Agreement is a redevelopment agreement prepared pursuant to the Nebraska Community Development Law in order to implement the above-referenced Redevelopment Plan. IN CONSIDERATION OF THESE MUTUAL COVENANTS THE PARTIES AGREE AS FOLLOWS: SECTION 1. DEFINITIONS The following terms, whether plural or singular, shall have the following meanings for purposes of this Agreement. 1.1 "City" shall mean the City of Omaha, Nebraska, a Municipal Corporation of the metropolitan class or such successor entity lawfully established pursuant to the applicable provision of the Nebraska Community Development Act. 1.2 "Redeveloper" shall mean Columbo LLC, a Nebraska limited liability company, 11550 I Street, Suite 200, Omaha,Nebraska 68137. 1.3 "Director" shall mean the Director of the City of Omaha Planning Department. 54218 obligations of the City of Omaha. (2T "? • teven N. Jensen, AICP Date Mayor's Office Date sfieeKTanning Director Approved: • Approved: Q -77)4,)ol 7-Z —off Carol A. Ebdon Date bert G. Stubbe, .E: Date Finance Director Public Works Director P:\PLN5\15739pjm.doc g atiop in the County of Dougl and State of Nebraska. �.Q .GERk�. �� .,of• Np�ARv .. Subscribed in .,l�presence and sworn to before •p ilisiQ9i ` �S N$ •:21 5 0 me this 1 S t ay of • 1‘dditional Copiee$•• _0_7 ,, •••.MAY 6 ?.• Qc�, ,�rr 4TOF No u is• an f glas County, �� State of Nebraska that certain of its facilities Augus t 1 , 200 7 comply with the Americans With Disabilities Act of 1990.This project represents the latest in a series of proposed projects intended to comply with said Agreement;providing that the City negotiate with the property owners for land acquisitions, permanent easements and temporary construction easements; That s u•..•aper during that time was regularly published and providing that as to each specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; 1.3 "Director" shall mean the Director of the City of Omaha Planning Department. 1.4 "Excess ad valorem taxes" shall mean the additional real estate property taxes generated by this Redevelopment Project pursuant to Section 18-2147 of the Nebraska Revised Statutes. 1.5 "Redevelopment Project" shall mean the construction of an approximately 30,000 square feet retail and office development located at 6303 and 6307 Center Street, Omaha,Nebraska, along with the public streets and rights-of-way and any adjacent property contemplated by the Redevelopment Plan, all as depicted on the Redevelopment Agreement Site Plan attached hereto as Exhibit"A". 1.6 "Redevelopment Site" shall mean the area legally described on Exhibit"B",attached hereto. 1.7 "Redevelopment Note" shall mean any obligation issued by the City and secured by the excess ad valorem taxes generated within the Redevelopment Site. SECTION 2. OBLIGATIONS OF THE CITY The City shall: 2.1 Execute and deliver to the Redeveloper at closing the Redevelopment Note in substantially the same form as the copy attached hereto as Exhibit"C". 2.2 Grant redevelopment loan proceeds to the Redeveloper up to the sum of Five Hundred Seventy Six Thousand and no/100 Dollars ($576,000.00) to be used for Tax Increment Financing(TIF) eligible expenses, as detailed on Exhibit"D". 2.3 Pay debt retirement principal and interest from the excess ad valorem taxes. Interest on monies in the special fund shall accrue first to debt retirement interest and then to principal. 2.4 Ensure that prior to expenditure or disbursement of redevelopment loan proceeds,the following shall be obtained, to wit: 2.4.1 Redeveloper shall provide the Director with evidence, acceptable to the Director, that the private funds have been irrevocably committed to the Redevelopment Project in the amount sufficient to complete the redevelopment project. 54218 2 Subscribed in .,l�presence and sworn to before •p ilisiQ9i ` �S N$ •:21 5 0 me this 1 S t ay of • 1‘dditional Copiee$•• _0_7 ,, •••.MAY 6 ?.• Qc�, ,�rr 4TOF No u is• an f glas County, �� State of Nebraska that certain of its facilities Augus t 1 , 200 7 comply with the Americans With Disabilities Act of 1990.This project represents the latest in a series of proposed projects intended to comply with said Agreement;providing that the City negotiate with the property owners for land acquisitions, permanent easements and temporary construction easements; That s u•..•aper during that time was regularly published and providing that as to each specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; • 2.4.2 Redeveloper shall provide evidence of, and maintain,adequate performance and labor materials bonds during the period of construction of the project. The City shall be specified as a co-obligee. 2.5 Establish a special fund under Section 18-2147 of the Nebraska Revised Statutes for the purpose of collecting the excess ad valorem taxes generated by the Redevelopment Project. Monies collected and held in the special fund shall be used for no purpose other than to repay the Redevelopment Loan. SECTION 3. OBLIGATIONS OF THE DEVELOPER The Redeveloper shall: 3.1 Complete the Redevelopment Project on or before December 31, 2009, creating an increase in real property taxable base by reason of such construction of at least Four Million, Six Hundred Eighty Thousand and no/100 Dollars ($4,680,000.00). 3.2 Cause all real estate taxes and assessments levied on the Redevelopment Project to be paid prior to the time such become delinquent. 3.3 Lend redevelopment funds to the City in the principal amount of Five Hundred Seventy Six Thousand and no/100 Dollars($576,000.00)as set forth in Section 2.2, which, when combined with other private funds available, will be sufficient to construct the Redevelopment Project. Execution and delivery of the Redevelopment Note shall be at closing which shall be as soon as reasonably possible after execution of this Agreement but not more than 60 days thereafter. At closing, the loan to be accomplished by this Section and the obligation of the City to use the redevelopment loan proceeds for redevelopment purposes under Section 2.2 maybe accomplished by offset so that the Redeveloper retains the loan proceeds. If the City so requests, the Redeveloper shall,from time to time,furnish the City with satisfactory evidence as to the use and application of the redevelopment loan proceeds. 3.3.1 Such loan funds shall be disbursed as provided in Section 2. 3.3.2 Such loan shall bear an 7.5% interest rate. 3.3.3 The principal shall be repaid by the City from the special fund established pursuant to Section 2.5, as excess ad valorem taxes, pursuant to the Redevelopment Plan and Section 18-2147 of the Nebraska Revised Statutes, become available to the City for such use. To the extent of such excess ad valorem taxes are unavailable to the City, the loan shall be forgiven and the obligations of the Redeveloper shall remain unaffected. 54218 - 3 - eries of proposed projects intended to comply with said Agreement;providing that the City negotiate with the property owners for land acquisitions, permanent easements and temporary construction easements; That s u•..•aper during that time was regularly published and providing that as to each specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; 3.4 Shall provide the City with quarterly progress reports during the redevelopment and allow the City reasonable access to any relevant financial records pertaining to the Redevelopment Project. 3.5 During the period that the Redevelopment Note(TIF Funds) is outstanding, (1) not protest a real estate improvement valuation on the Redevelopment Site of Eight Hundred Seventy One Thousand Three Hundred and no/100 Dollars($871,300.00)or less prior to and during construction; and Five Million Five Hundred Fifty-One Thousand Three Hundred and no/100 Dollars($5,551,300.00)or less after substantial completion or occupancy of the Project; (2) not convey the Redevelopment Site or structures thereon to any entity which would be exempt from the payment of real estate taxes or cause the nonpayment of such real estate taxes; (3) not apply to the Douglas County Assessor for the structures, or any portion thereof, to be taxed separately from the underlying land of the Redevelopment Site; (4) maintain insurance for ninety percent (90%) of the full value of the structures on the Redevelopment Site; (5) in the event of casualty, apply such insurance proceeds to their reconstruction;and(6)cause all real estate taxes and assessments levied on the Redevelopment Site to be paid prior to the time such become delinquent. In lieu of the above, the Developer may surrender any remaining amount outstanding of the Redevelopment Promissory Note to City. Each of the foregoing covenants shall be referenced in a Notice of Redevelopment Agreement to be recorded with the Douglas County, Nebraska Register of Deeds. The Developer agrees to include the same restrictions to be included in any subsequent sale,assignment,sale leaseback or other transfer of the property,but shall not be responsible otherwise for the actions of the third parties if these covenants are breached by such third parties if the Developer no longer owns the property. 3.6 Shall provide the City of Omaha Finance Department with an executed copy of the Redevelopment Note prior to disbursement of any proceeds for repayment of such Note pursuant to Section 2.5, so that such payment can be noted on the Note and the Note returned to Developer. SECTION 4. PROVISIONS OF THE CONTRACT 4.1 Equal Employment Opportunity Clause. Attached hereto as Exhibit"E"and made a part hereof by reference are the equal employment provisions of this contract, wherein the "Redeveloper" is referred to as "Contractor". 4.2 Non-discrimination. The Redeveloper shall not,in the performance of this Contract, discriminate or permit discrimination in violation of federal or state laws or local ordinances because of race,color,sex,age,political or religious opinions,affiliations or national origin. 54218 - 4 - h specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; 4.3 Captions. Captions used in this Contract are for convenience and are not used in the construction of this Contract. 4.4 Applicable Law. Parties to this Contract shall conform with all existing and applicable city ordinances,resolutions, state laws, federal laws, and all existing and applicable rules and regulations. Nebraska law will govern the terms and the performance under this Contract. 4.5 Interest to the City. Pursuant to Section 8.05 of the Home Rule Charter, no elected official or any officer or employee of the City of Omaha shall have a financial interest, direct or indirect, in any City of Omaha contract. Any violation of this section with the knowledge of the person or corporation contracting with the City of Omaha shall render the contract voidable by the Mayor or Council. 4.6 Merger. This Contract shall not be merged into any other oral or written contract, lease or deed of any type. 4.7 Modification. This Contract contains the entire agreement of the parties. No representations were made or relied upon by either party other than those that are expressly set forth herein. No agent,employee or other representative of either party is empowered to alter any of the terms herein unless done in writing and signed by an authorized officer of the respective parties. 4.8 Assignment. The Redeveloper may not assigns its rights under this contract without the express prior written consent of the City; such consent not to be unreasonably withheld. The Mayor may, without City Council approval, approve, in writing, the assignment of all rights hereunder to a successor entity owned by,or under common control with Redeveloper. 4.9 Strict Compliance. All provisions of this Contract and each and every document that shall be attached shall be strictly complied with as written, and no substitution or change shall be made except upon written direction from authorized representatives of the parties. 4.10 This Agreement shall be binding upon the Redeveloper's successors and assigns,and shall run with the land described in Exhibit"B",attached hereto,to the benefit of the City of Omaha. 54218 - 5 - SECTION 4. PROVISIONS OF THE CONTRACT 4.1 Equal Employment Opportunity Clause. Attached hereto as Exhibit"E"and made a part hereof by reference are the equal employment provisions of this contract, wherein the "Redeveloper" is referred to as "Contractor". 4.2 Non-discrimination. The Redeveloper shall not,in the performance of this Contract, discriminate or permit discrimination in violation of federal or state laws or local ordinances because of race,color,sex,age,political or religious opinions,affiliations or national origin. 54218 - 4 - h specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; SECTION 5. AUTHORIZED REPRESENTATIVE In further consideration of the mutual covenants herein contained,the parties hereto expressly agree that for the purposes of notice, including legal service of process, during the term of this Contract and for the period of any applicable statute of limitations thereafter,the following named individuals shall be the authorized representatives of the parties: (1) City of Omaha: Director Legal Service Planning Department c/o City Clerk Omaha/Douglas Civic Center Omaha/Douglas Civic Center 1819 Farnam Street 1819 Farnam Street Omaha,NE 68183 Omaha,NE 68183 (2) Redeveloper: John Hughes Magnum Development Corp. 11550 I Street, Suite 200 Omaha,Nebraska 68137 Either party may designate additional representatives or substitute representatives by giving written notice thereof to the designated representative of the other party. SECTION 6. EXHIBITS . The exhibits to this Agreement and referred to herein are part of this Agreement and are incorporated herein by reference. The exhibits are as follows: Exhibit"A" Redevelopment Agreement Site Plan Exhibit"B" Redevelopment Site Exhibit "C" Redevelopment Note Exhibit"D" TIF Eligible Expenses Exhibit"E" Equal Employment Opportunity Clause 54218 - 6 - tract without the express prior written consent of the City; such consent not to be unreasonably withheld. The Mayor may, without City Council approval, approve, in writing, the assignment of all rights hereunder to a successor entity owned by,or under common control with Redeveloper. 4.9 Strict Compliance. All provisions of this Contract and each and every document that shall be attached shall be strictly complied with as written, and no substitution or change shall be made except upon written direction from authorized representatives of the parties. 4.10 This Agreement shall be binding upon the Redeveloper's successors and assigns,and shall run with the land described in Exhibit"B",attached hereto,to the benefit of the City of Omaha. 54218 - 5 - SECTION 4. PROVISIONS OF THE CONTRACT 4.1 Equal Employment Opportunity Clause. Attached hereto as Exhibit"E"and made a part hereof by reference are the equal employment provisions of this contract, wherein the "Redeveloper" is referred to as "Contractor". 4.2 Non-discrimination. The Redeveloper shall not,in the performance of this Contract, discriminate or permit discrimination in violation of federal or state laws or local ordinances because of race,color,sex,age,political or religious opinions,affiliations or national origin. 54218 - 4 - h specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; IN WITNESS WHEREOF,the parties hereto have executed this Agreement on the dates set forth beneath their respective signatures, the latter of which shall be considered the date of this Agreement for reference purposes. Executed thise1ay of , 2007. ATTEST: '' CITY OF OMAHA: CITY CLERK OF THE CITY OF OMAHA MAYOR OF THE CI OF OMAHA d Executed this o?7 day of 4/1/1 , 2007. REDEVELOPER: COLUMBO, LLC By:Magnum Devel pment Corp.,Its Manager By Jo flugh s, resident APPROVED AS TO FORM: (T &/?c2Gffa l 0 7 /4-55 — CITY ATTORNEY STATE OF NEBRASKA ) )ss. COUNTY OF DOUGLAS ) The foregoing Redevelopment Agreement was acknowledged before me this day of r.r ! ,2007 by John Hughes,President of Magnum Development Corp, Manager of Columbo, LLC, on behalf of said company. j4�{ .Q�; I(RISTINE K.MOORE 247 N tary Public, State of N braska 0E"•E="\. MY COMMISSION EXPIRES =NOT.. 4/ ?.Vie February 18,2011 My commission expires on �10{/ 54218 - 7 - Site Plan Exhibit"B" Redevelopment Site Exhibit "C" Redevelopment Note Exhibit"D" TIF Eligible Expenses Exhibit"E" Equal Employment Opportunity Clause 54218 - 6 - tract without the express prior written consent of the City; such consent not to be unreasonably withheld. The Mayor may, without City Council approval, approve, in writing, the assignment of all rights hereunder to a successor entity owned by,or under common control with Redeveloper. 4.9 Strict Compliance. All provisions of this Contract and each and every document that shall be attached shall be strictly complied with as written, and no substitution or change shall be made except upon written direction from authorized representatives of the parties. 4.10 This Agreement shall be binding upon the Redeveloper's successors and assigns,and shall run with the land described in Exhibit"B",attached hereto,to the benefit of the City of Omaha. 54218 - 5 - SECTION 4. PROVISIONS OF THE CONTRACT 4.1 Equal Employment Opportunity Clause. Attached hereto as Exhibit"E"and made a part hereof by reference are the equal employment provisions of this contract, wherein the "Redeveloper" is referred to as "Contractor". 4.2 Non-discrimination. The Redeveloper shall not,in the performance of this Contract, discriminate or permit discrimination in violation of federal or state laws or local ordinances because of race,color,sex,age,political or religious opinions,affiliations or national origin. 54218 - 4 - h specified parcel ,; A , - ', , in the Countyof Doug �.,and State of Nebraska. which cannot be obtained by negotiation, in..,.. at 4Ig� condemnation proceedings be undertaken - Rp and completed; and, providing for the j { .;'C.,'C effective date hereof. / , Subscribed in m !s •sence and sworn to before PASSED:July 24,2007,6-0 i tA0-- i� APPROVED BY: ,r tS5PJ" :3 7 10 Z S t d8 MIKE FAHEY • 7/26/07 tAishge exEs $ me this y Of MAYOR OF THE E�' CITY OF OMAHA ddiUonal Copies ' Au t 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; EXHIBIT"A" tc ii a :Ili r it„'is tc" '1.ti( iili' • !a •I ,:a I s S I�= il.I tix fii••, ,f; tlr , l �'i�� #f Fr yPi Et e a is�:�ih �!!° � i t�siji � 6 ti 11'i1�x I a 11 li!i,t ii xli'iiiilill.i 1l 3t:'ii I II i + 4 o` tie 11 P_.t P .•i:•;t1s?i Al- i- N k hill 1 tl ii i;,iis, a i iij it i .-c' `, ;-'1 {=el. — P I -----. I t i [ x. tno_ r i f{1 ii 1l T i i i l� •i to#li:ttl el I ilg I , _ ,::r3 o_ ,- - P if,! Ili qi=hi s i"1 (` It pa I. l71tt°1 " ' T —,t-r - .__ram.#': i sI�. 1 ! `I 8, It/ !' 1; nal t 1 [Mil .1/k t 3x 1�4 -- q { 1 1 6j 1- 1 1 A r a i Pit .i ' lil tl # i 1t=E E '1 t 1 iy 13 I:; ' e111{111fi s i°kiti i i i1 .= - {� t• jP `E _ f:i•t i e j�� t �.f;��N=© ,�f� �y ' jI #j I P( §i=cR. �l • = 1 I �� r isk i /. / ' 3 p p i p — -.-- --I i# ,I% 'i t- 11 I '' 0I t i 'i I i! _I1 f ml , if h I i Igi"ili:Rl �u1'+o 4altp •'a pi; jarps px u • -i '� _ ,1 3 ty°s P'-J7I II i- '_ 4:l I'•j Fz •i k�t I E' i ji I�i ' • I lPii Eli i.41.1 11# 1 lii If#nil I''di I 1 Fk=i i II A Y �� Es ,t^. Ilk '`.+i !III I :1'; i i+i 1 '114.;; ''i;11 l6 all 9 ,.. I ei `ii iiijgilIFt�(0.1.4 „lici� Q i '' - t? pr 1 . - I I H di Ii P St I .9 I etti{i °l •t„licit i"j �l'' i $Fs 3 pli I , ga�ql i#`(t it aa:$i 'iP illja Ilili; Iirill 1 ---t I s 3'% � €�a I Iq !# ; iL l'iggi;1 i i i e asn i, E i '1 ,J _1, il• #1 #li4 l l e, i It% i{.„ 1= 8. 1 -l� c 1,_ . . . ; i T � -,c11 s� - I iil1 hill/l y� i3i 1 ..11 ' - -^v' � ya.a., 3�•' �^ r �x' a� A /jP jI,�1 8 lil ° i+I o l�! ,lY�yiv`z�j__ X- --4:.,- E.. a� ti g( i•- iiP ! # 9 ) �� / 3 Alia +.1� . �w ,s ,,��t a. 1%®D ° tx I i Si 'li i i. i �.3 4.11111111r7: " -Ti �e e�P �' i :: \ , ...,'• ,,..' 7 R AMPon i I�� !:toil 2 linv. - ,..1 " a .."'" ''_ ' ' _ )-�I 52'w I �� 1 171 11.11-: --"-- i ' 1 AiP ti F. # _ 1 ;pi ,�� Haig � � I Sill J 14 A �1. PI" �� r< i ;� •M�t® TFta" ss' 9 i I I J # �� 1 � 1 • n� to�Fri.� 1 ai.�.c s n,.., :: I.• L - 4ih= h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; EXHIBIT "B" Lot 1,Aksarben Place, a subdivision,as surveyed,platted and recorded in Douglas County, Nebraska. - 9 - date of its passage in accord with Section 2.12 of the Omaha Municipal Code. INTRODUCED BY COUNCILMEMBER /046041 (71 ) 4L APPROVED BY: )0 A 42 7/.17 PASSED JUL 2 4 2OOI �'� MAYOR OF THE CI OF OMAHA DA E ATTEST: O CI LERK 0 THE CITY OF OMAHA D T APPROVED AS TO FORM: + CITY ATTORNEY ATE P:\PLN5\15738pjm.doc 0 t e. caw 51 21 2... — ''''1'1' earb---- 8 04L 8 wNI _.--/ „-------- �/ u) 2 a� at tea. �� --i§ 8r2nd Ave— • 7 ill' PUI 5 c 2.7'2- 6 OF 8 OPW 5( 31S $,fig rs,ay, . I , Ea P tri 1 E _/ ;: ¢ % s P Z I� x � 6 - 3, i) 1 V a v y -._.__ SAX i \.; a . a I l• O 9%i Ee ' 3a r` r I iE 4AR I>Ey i 9E i v E0 d v ; I" o ti i A%a 0 i X l.�J ® v iit+1 7777elir a 0. a i a B C e `,-. y)....1s ; I lg 1 & g 6 A 6 i 6 ; q ‘\; .e II Il I' 3 I. i .. g `Y y.,• d': y I a ¢ 6 4. ,.s s ¢§ ¢ 1y1 Pi 4 Mil pg E R{ !ill pppg *TIRE"A%ge°�y � ~b 22 li!k gi2;1A i 1 it Igi G °ill 1;� ,a 1 .0.s.6Lv�iF%�4.0 i, p 99 a° a Sg gh 4 E zkk ¢ ¢ 4 a! ppp # !p � ii � �� ` s 5p�= F ¢e!v i 9� C6Q 6' 9 Fp ii1 a r6 i sl I E v$pp 5 l64i aZ 8 eE 3� ie!9 D�fta6.p4� a ��o € vi a is E i i'___ I AA iPol%7t > t7 ai %g A6!%p.,b Ii a �A°i5 Pei A %@%@ to % �3Ile, 1 in 4 el a» i s Ai iiiir E#y C y GI I: Q1 pa t f ' aE ?e E % i v sib a i ai : % e g �� as " f" % v �1� S"�9E ti 01 ¢K @ 3 ,,EMi at 6A if!! %I % vao i a % !4 p Qa ii�lily C .C. rxi %! _ ailfi ¢ 6 Ap..% av x ¢ 4PIA%1�flE4 ai ' p Y � Agag i` v 8'%5�6 a a A44I ° %i i E6 eNli Ipt%alb u) u) 6 E C�tiiv i rl�¢ as idi E i t % �ii A�ia iid% p C m o to y i 1Y "; $ Qpr li ;a 14 7 I 411° g D1114 4 El 4 H z!V C Y z % °%ga"0 bKB� i% iF • 1610 E� ap♦.'�E it�� [9 d n a.'0 G",—, Qh. ° 0A ! % h i H C,70.-3 mI t7 lJ F.4 Oho ' Ra?¢ 2g P'ads""�;%ia" m• y r's 6$% %61% o�r-raZzyOny +a WPizzote�zt=7X REN9°MS M g g R F. o AKSARBEN PLACE € El! °� NO. a �� DAt a. >n Q 0 w id..7 -% e:; FINAL PLAT ill X > cng y 1. `•^• s . g 63rd & CENTER STREETS § w i OMAHA. NEBRASKA �" � 14 A �1. PI" �� r< i ;� •M�t® TFta" ss' 9 i I I J # �� 1 � 1 • n� to�Fri.� 1 ai.�.c s n,.., :: I.• L - 4ih= h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; , _ s , : 111211kix ..,.,,,,,,.'„...„ ,,.:, , p i • 1 ,4...j,.' • ITT__t : 1 i-L,„,, 1 '1 I - , 40 ..... 1 I co ..* . . , 1 I . T1 , 0- 1___. • li 1 L ---12--,--- 0- • g r . -i I • › • , ,n raL--' • - - t. 1 I ' '—"-- , I ....__ 1 . , 1 I . -.—. - I. ----- . 7.1 ....— 1 1 L , i z ._ = ' ' ill.~1111" P a , . . i . 1. 1 ,, . . 4 I I - 1 g I or, -0 0, • M 0 •_ d , i __,t.-_,„ !•1:1 : II 0.--t'] -—-17- flit I O• ,:. • _ q . '2 • U• I I -.,>: t..— — . 1 1 !_,I•ar. l'- - (,__._ - ,.. 1 1 _.2:L,s ....-,. , . r........). , ., ,-,,----1,A. _ •, • .. ,.. . -- 2 • _______ .. . -------_ -- .__ . ' , ...... -------- : • .,... 1 I I I PI qiiilli ti Pili 0 . . PIP 'A 6A1 -ag xi 1 ti- , - 4 WOO it 1;4,, 77 7 fro I Iiiipilni ! S -'': ; -1 ..;Wzy ot 14/I4x •• .L,- 111..,,r. ILIL,15.b z I !bill, rt 1 1. 0 p. ,,, 1-: PO% ,Vi!'li . .i. i! gigk!g ! zilk 11 11 1 11 i 1 01111 1 l'IL> -Eq(ei ' *' 4 l'i RO/ i xf-s i 1 i ff; ; E.; i iti ili lip ill i hi 1 Po , • ,f• t g eq-e0 I! gl ix 1 1111 iljh ill I Iii:if ..• .. . 5 I i i i 1 1 I 11 SITE LAYOUT PLAN ••• h Rd° AF,, in OCKRIMID11 DAII Irl 4_ $ 63RD AND CENTER STREET iii ilf PE 0 ilIt7E7s lio B - i 63RD AND CENTER STREETS 1 ill A g 1 OMAHA, NEBRASKA 1 -E, a. 8 . i , m . , n,.., :: I.• L - 4ih= h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; EXHIBIT "C" THIS BOND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933(THE" '33 ACT") AND MAY NOT BE TRANSFERRED, ASSIGNED, SOLD OR HYPOTHECATED UNLESS A REGISTRATION STATEMENT UNDER THE '33 ACT SHALL BE IN EFFECT WITH RESPECT THERETO AND THERE SHALL HAVE BEEN COMPLIANCE WITH THE'33 ACT AND ALL APPLICABLE RULES AND REGULATIONS THEREUNDER, OR THERE SHALL HAVE BEEN DELIVERED TO THE CITY OF OMAHA PRIOR TO TRANSFER, ASSIGNMENT,SALE OR HYPOTHECATION AN OPINION OF COUNSEL,SATISFACTORY TO THE CITY OF OMAHA TO THE EFFECT THAT REGISTRATION UNDER THE'33 ACT IS NOT REQUIRED. REDEVELOPMENT PROMISSORY NOTE $576,000.00Z(/".4,7� , 2007 FOR VALUE RECEIVED, the Undersigned, Borrower,promises to pay Columbo, LLC, a Nebraska limited liability company, Holder, and/or its assigns, the principal sum of Five Hundred Seventy Six Thousand and no/100 Dollars($576,000.00),together with interest thereon at the rate of seven and one-half percent(7 '/%) per annum from the date of the execution of this Note until paid in full. The principal balance and interest thereon shall be due and payable to the holder of said Redevelopment Promissory Note as and at such time as any excess ad valorem taxes generated by the Redevelopment Project as set forth in that certain Redevelopment Agreement dated the a 92 day of Ju f 2007,by and between the City of Omaha,Borrower, and the Holder, (the"Redevelopment Agreement")are collected by the City of Omaha and available for the retirement of this debt. In the event of default under said Redevelopment Promissory Note, all sums secured by this Note or any other agreement securing this Note shall bear interest at a rate equal to five percent(5%) above the regional prime or base rate as used by the First National Bank of Omaha, Omaha, Nebraska, from time to time, however, in the event said interest rate exceeds the maximum rate allowable by law then such rate of interest shall equal the highest legal rate available. Borrower may prepay the principal amount outstanding in whole or in part,without the prior consent of the Holder. In the event the monies collected and held in that special fund established under Section 18-2147 of the Nebraska Revised Statutes and pursuant to the Redevelopment Agreement are insufficient to pay in full all amounts due and owing at a date fifteen (15)years from the effective date of the Redevelopment Plan, and all excess ad valorem taxes generated by the Redevelopment Project,as set forth in the Redevelopment Agreement,have been collected by the City of Omaha and have been paid, immediately upon being available, towards the retirement of the amounts due hereunder,then,at said date fifteen(15)years from the effective date of the Redevelopment Plan,the Holder shall waiver any unpaid portion of the principal and interest due upon written request of the City of Omaha. - 10 - h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; In the event this Note is referred to an attorney for collection the Holder shall be entitled to reasonable attorney fees allowable by law and all Court costs and other expenses incurred in Connection with such collection. The Borrower shall be in default in the event the Borrower shall fail to pay, when due, any amount required hereunder. Unless prohibited by law,the Holder may,at its option, declare the entire unpaid balance of principal and interest immediately due and payable without notice or demand at any time after default, as such term is defined in this paragraph. Holder may at any time before or after default, exercise his right to set off all or any portion of the indebtedness evidenced hereby against any liability or indebtedness of the Holder to the Borrower without prior notice to the Borrower. Demand, presentment, protest and notice of nonpayment under this Redevelopment Promissory Note are hereby waived. No delay or omission on the part of the Holder in exercising any remedy, right or option under this Redevelopment Promissory Note shall operate as a waiver of such remedy,right or option. In any event, a waiver on any one occasion shall not be construed as a waiver or bar to any such remedy, right or option on a future occasion. Any notice provided for in this Redevelopment Promissory Note to the Borrower or the Holder shall be in writing and shall be given by regular mail to the Holder or Borrower, or at such other address as either party may designate by notice in writing. This Redevelopment Promissory Note shall be governed by and construed in accordance with the Laws of the State of Nebraska. All payments hereunder shall be payable in lawful money of the United States of America and shall be legal tender for public and private debts at the time of payment. CITY OF OMAHA,A Municipal Corporation By: Mayor of the City Omaha ATTEST: APPROVED AS TO FORM: • (.(----9W Gjzitsi Ci y erk of the ity of Omaha City Attorney P:\PLN 1\STORED\0233.FMT - 11 - In the event the monies collected and held in that special fund established under Section 18-2147 of the Nebraska Revised Statutes and pursuant to the Redevelopment Agreement are insufficient to pay in full all amounts due and owing at a date fifteen (15)years from the effective date of the Redevelopment Plan, and all excess ad valorem taxes generated by the Redevelopment Project,as set forth in the Redevelopment Agreement,have been collected by the City of Omaha and have been paid, immediately upon being available, towards the retirement of the amounts due hereunder,then,at said date fifteen(15)years from the effective date of the Redevelopment Plan,the Holder shall waiver any unpaid portion of the principal and interest due upon written request of the City of Omaha. - 10 - h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; • EXHIBIT "D" TIF Eligible Expenses Aksarben Place Land Acquisition $700,100.00 Demolition $ 82,935.00 Off-Site Improvements $160,344.50 * Site Preparation $ 80,634.00 Engineering associated with TIF expenses(6%) $ 24,234.81 Geotech Report $ 3,200.00 Special Community Value Improvements $ 70,000.00 Total Project TIF Eligible Expenses $1,121,448.31 *Note: Off-Site Improvements includes the Developer's pro rata share of the 63rd Street right-of-way acquisition in the amount of$40,000.00. If the total actual cost of the ROW acquisition exceeds $80,000.00,the cost to the Developer will be negotiated between the Public Works Department and the Developer. - 12 - ill' PUI 5 c 2.7'2- 6 OF 8 OPW 5( 31S $,fig rs,ay, . I , EXHIBIT"E" EQUAL EMPLOYMENT OPPORTUNITY CLAUSE During the performance of this contract, the Program Provider agrees as follows: (1) The Program Provider shall not discriminate against any employee or applicant for employment because of race,religion,color, sex,national origin,or disability as defined by the Americans With Disabilities Act of 1990 and Omaha Municipal Code 13-82. The Program Provider shall take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, religion, color, sex or national origin. The Program Provider shall take all actions necessary to comply with the Americans With Disabilities Act of 1990 and Omaha Municipal Code (Chapter 13) including,but not limited to,reasonable accommodation. As used herein,the word"treated" shall mean and include,without limitation,the following: Recruited,whether advertising or by other means; compensated; selected for training, including apprenticeship; promoted; upgraded; demoted; downgraded; transferred; laid off; and terminated. The Program Provider agrees to and shall post in conspicuous places, available to employees and applicants for employment,notices to be provided by the contracting officers setting forth the provisions of this nondiscrimination clause. (2) The Program Provider shall,in all solicitations or advertisements for employees placed by or on behalf of the Program Provider, state that all qualified applicants will receive consideration for employment without regard to race,religion,color,sex,national origin,or disability as recognized under 42 USCS 12101 et seq. (3) The Program Provider shall send to each labor union or representative of workers with which he has a collective bargaining agreement or other contract or understanding a notice advising the labor union or worker's representative of the Program Provider's commitments under the Equal Employment Opportunity Clause of the City and shall post copies of the notice in conspicuous places available to employees and applicants for employment. (4) The Program Provider shall furnish to the contract compliance officer all federal forms containing the information and reports required by the federal government for federal contracts under federal rules and regulations, and including the information required by Sections 10-192 to 10-194, inclusive, and shall permit reasonable access to his records. Records accessible to the Contract Compliance Officer shall be those which are related to Paragraphs (1) through (7) of this subsection and only after reasonable notice is given the Program Provider. The purpose for this provision is to provide for investigation to ascertain compliance with the program provided for herein. - 13 - 0 - h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; (5) The Program Provider shall take such actions with respect to any sub-contractor as the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7) herein, including penalties and sanctions for noncompliance; however, in the event the Program Provider becomes involved in or is threatened with litigation as the result of such directions by the City,the City will enter into such litigation as necessary to protect the interests of the City and to effectuate the provisions of this division; and in the case of contracts receiving federal assistance, the Program Provider or the City may request the United States to enter into such litigation to protect the interests of the United States. (6) The Program Provider shall file and shall cause his sub-contractor,if any,to file compliance reports with the Program Provider in the same form and to the same extent as required by the federal government for federal contracts under federal rules and regulations. Such compliance reports shall be filed with the Contract Compliance Officer. Compliance reports filed at such times as directed shall contain information as to the employment practices, policies,programs and statistics of the Program Provider and his sub-contractor. (7) The Program Provider shall include the provisions of Paragraphs (1) through (7) of this Section, "Equal Employment Opportunity Clause",and Section 10-193 in every subcontract or purchase order so that such provisions will be binding upon each sub-contractor or vendor. - 14 - mployment without regard to race,religion,color,sex,national origin,or disability as recognized under 42 USCS 12101 et seq. (3) The Program Provider shall send to each labor union or representative of workers with which he has a collective bargaining agreement or other contract or understanding a notice advising the labor union or worker's representative of the Program Provider's commitments under the Equal Employment Opportunity Clause of the City and shall post copies of the notice in conspicuous places available to employees and applicants for employment. (4) The Program Provider shall furnish to the contract compliance officer all federal forms containing the information and reports required by the federal government for federal contracts under federal rules and regulations, and including the information required by Sections 10-192 to 10-194, inclusive, and shall permit reasonable access to his records. Records accessible to the Contract Compliance Officer shall be those which are related to Paragraphs (1) through (7) of this subsection and only after reasonable notice is given the Program Provider. The purpose for this provision is to provide for investigation to ascertain compliance with the program provided for herein. - 13 - 0 - h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; W � 8.21.2007 File No. 16-447 SECURITY AND PLEDGE AGREEMENT THIS SECURITY AND PLEDGE AGREEMENT, made and entered into this day of August, 2007, by and between CITY OF OMAHA, a public body corporate and politic ("Pledgor"), and FIRST NATIONAL BANK OF OMAHA, a national banking association,whose mailing address is 1620 Dodge Street, Stop 4300, Omaha, Nebraska 68197-4300 ("Pledgee"). SECTION 1. RECITALS; DEFINITIONS. 1.1. Columbo, LLC, a Nebraska limited liability company(the"Borrower"), is the present owner and holder of a Redevelopment Promissory Note of the City of Omaha in the amount of Five Hundred Seventy-six Thousand Dollars($576,000.00)("Redevelopment Promissory Note")issued pursuant to the Columbo, LLC Redeelopment Plan (the "Redevelopment Plan"). 1.2. The Five Hundred Seventy-six Thousand Dollars ($576,000.00) Redevelopment Promissory Note has been pledged as security for repayment of the Five Hundred Seventy-six Thousand Dollar ($576,000.00) Owner Promissory Note of Borrower to Pledgee. 1.3. The City Council constitutes the"Authority"within the meaning of section 18-2103(1) of the Community Development Law(The "Act"). 1.4. Pledgor has adopted the Columbo, LLC Redevelopment Agreement (the "Redevelopment Agreement"). 1.5. Pursuant to the Redevelopment Agreement, any Excess Tax Revenues(as said term is defined in the Redevelopment Agreement)may,for a period not to exceed fifteen(15)years after the Effective Date of the Redevelopment Agreement (the "Tax-Increment Period") be utilized for those purposes delineated in the Redevelopment Agreement. 1.6. Ordinance No. 37803 approving the Redevelopment Agreement was approved by the City Council of the City of Omaha on July 24, 2007. 1.7. Pursuant to the Redevelopment Agreement,to the extent that Excess Tax Revenues are generated, such Excess Tax Revenues, when collected, are to be allocated and paid by the County Assessor of Douglas County to a special fund of the Pledgor to pay the principal premium, if any, and interest on the indebtedness incurred. 1.8. Pledgee has agreed to make a loan to Borrower in the amount of Five Hundred Seventy-six Thousand Dollars ($576,000.00), to be evidenced by a Five Hundred Seventy-six Thousand Dollar($576,000.00) Owner Promissory Note from Borrower to Pledgee. 1.9. Pursuant to the Act and the Redevelopment Agreement, Pledgor executed and delivered its Five Hundred Seventy-six Thousand Dollar($576,000.00)Redevelopment Promissory Note and, pursuant to the Redevelopment Agreement, Pledgor agreed to pay Excess Tax Revenues to Borrower to amortize the Redevelopment Promissory Note. Security PledgeAgreement,A reement, Page 1 #529028-v2 tion to ascertain compliance with the program provided for herein. - 13 - 0 - h! d,l ,:i l° -1 igtcP ia�`9 �� f x 7 ji<.alll J`-i pp Rpe �, I �;FS,;� ,� I. i 1 1 S r i -I•b- i i{4 , � EI . 1 L 6 1 i i °` i iP i e " i 11# 1 (1 i ; !- 5?"`V F ,`ttji tj!'a fil l I,• 5 xij F a / . _l 1.. `r/,eg a fi ` N April(I y E i1i•i 8 'II1 • ARSA48iN PUCE 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; 8.21.2007 File No. 16-447 Pledgor will remit directly to Pledgee those sums payable by Pledgor to Borrower pursuant to the Redevelopment Promissory Note until such time as the indebtedness evidenced by the Owner Promissory Note executed by Borrower has been fully and completely satisfied. SECTION 3. TERM. The term of this Agreement shall continue to be in effect for a term commencing as of the date hereof and shall continue until the date on which the Redevelopment Promissory Note is paid in full, other than by renewal, refinancing, rescheduling, reamortization, or consolidation with other loans or indebtedness; but in no event shall Pledgor's obligation to segregate Annual Tax-Increment Receipts extend beyond: (a) the date upon which the Redevelopment Promissory Note is paid in full; or (b) the date that is fifteen(15)years after the Effective Date of the Redevelopment Plan, the earlier of such dates being hereinafter referred to as the "Termination Date," at which time this Security Agreement shall terminate automatically. This Security Agreement may be terminated prior to the Termination Date only upon written notice to the Pledgor from Pledgee and upon written approval of Borrower. SECTION 4. PAYMENT OF REDEVELOPMENT PROMISSORY NOTE. The parties agree that Pledgor shall pay over to Pledgee, directly and from time to time, all sums received by Pledgor as Excess Tax Revenues for the purpose of paying the Redevelopment Promissory Note as the same become due and payable. SECTION 5. LIMITED OBLIGATION AND DUTY OF PLEDGOR; DISCLAIMER. Pledgor is not a party to, and is in no manner personally liable for, any payments or other obligation to be performed under the Redevelopment Promissory Note, or any other document or agreement entered into or delivered in connection therewith, excepting only this Agreement, the Redevelopment Agreement, as modified, and as specifically set forth in the Redevelopment Promissory Note. Pledgor shall be under no duty to invest any sums received by it hereunder or received in respect of the Annual Tax-Increment Receipts, nor shall Pledgor be required to disburse any amount so held, except to Pledgee, or such other party or parties as Pledgee may designate in writing to Pledgor. Pledgor expressly disclaims any representation or warranty that the Excess Tax Revenues will be sufficient at any time for any payment now or hereafter due under the Redevelopment Promissory Note. Neither this Security Agreement nor the Redevelopment Agreement nor any other instrument or agreement entered into with respect to the Project shall in any manner be construed as a charge against its credit or taxing power for any purpose whatsoever. SECTION 6. NO SETOFF. The funds held in the Excess Tax Revenues shall be held separate and apart from all other funds of the Pledgor and shall not be subject to setoff by the Pledgor in any manner against any claim against the Pledgee, Borrower, or their respective successors, assigns, or affiliates. SECTION 7. ASSIGNMENT BY PLEDGEE; NOTICE. This Security Agreement may be assigned by the Pledgee at any time upon giving written notice of such assignment to Pledgor. In the event that Pledgee assigns this Security Agreement,such notification shall identify the Assignee Security and Pledge Agreement, Page 3 #529028-v2 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; 8.21.2007 File No. 16-447 1 11550 "I" Street, Suite 200 Omaha, Nebraska 68137 -and- Richard J. Coenen, Esq. Bradford & Coenen First National Center 1620 Dodge Street, Suite 1800 Omaha, Nebraska 68102 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed in their respective names as of the day and year first above written. PLEDGOR: THE CITY OF OMAHA, A Nebraska Municipal Corporation By: } Aae 81467 Mike Fahey, Mayor ATTEST: , A ,t6C—-- 8/0/0 1 _,/ APPROVED AS TO FORM: CT _.--- ) '%- ' C. .- —e. 42.2/07 Assistant City Attorney j PLEDGEE: FIRST NATIONAL BANK OF OMAHA, A National Banking Association By: Joel C. Jensen, Vice President Security and Pledge Agreement, Page 5 #529028-v2 time this Security Agreement shall terminate automatically. This Security Agreement may be terminated prior to the Termination Date only upon written notice to the Pledgor from Pledgee and upon written approval of Borrower. SECTION 4. PAYMENT OF REDEVELOPMENT PROMISSORY NOTE. The parties agree that Pledgor shall pay over to Pledgee, directly and from time to time, all sums received by Pledgor as Excess Tax Revenues for the purpose of paying the Redevelopment Promissory Note as the same become due and payable. SECTION 5. LIMITED OBLIGATION AND DUTY OF PLEDGOR; DISCLAIMER. Pledgor is not a party to, and is in no manner personally liable for, any payments or other obligation to be performed under the Redevelopment Promissory Note, or any other document or agreement entered into or delivered in connection therewith, excepting only this Agreement, the Redevelopment Agreement, as modified, and as specifically set forth in the Redevelopment Promissory Note. Pledgor shall be under no duty to invest any sums received by it hereunder or received in respect of the Annual Tax-Increment Receipts, nor shall Pledgor be required to disburse any amount so held, except to Pledgee, or such other party or parties as Pledgee may designate in writing to Pledgor. Pledgor expressly disclaims any representation or warranty that the Excess Tax Revenues will be sufficient at any time for any payment now or hereafter due under the Redevelopment Promissory Note. Neither this Security Agreement nor the Redevelopment Agreement nor any other instrument or agreement entered into with respect to the Project shall in any manner be construed as a charge against its credit or taxing power for any purpose whatsoever. SECTION 6. NO SETOFF. The funds held in the Excess Tax Revenues shall be held separate and apart from all other funds of the Pledgor and shall not be subject to setoff by the Pledgor in any manner against any claim against the Pledgee, Borrower, or their respective successors, assigns, or affiliates. SECTION 7. ASSIGNMENT BY PLEDGEE; NOTICE. This Security Agreement may be assigned by the Pledgee at any time upon giving written notice of such assignment to Pledgor. In the event that Pledgee assigns this Security Agreement,such notification shall identify the Assignee Security and Pledge Agreement, Page 3 #529028-v2 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; 0 11 0 QJ C v C rn CO m W C r A A CO lss z o I o a O. -n a. T —CI 1.1 z Z rn Pool 0 z z ' (l) n rn 1 v x-0 v zrn2Jsv -0 av rv — n x . D CD Qo C:) DO Z< CTo Q-� - o � � o C3 C irl 3OCD (n a) QD O`< C 0 CD D 30D 73 v 17-. 5 m- vQomo3 0oh00CA wC -0 3 CD 3 cn v rn n Oa r3 z Z Cco � vo ° 000vo - Pv rmD DZ�. v = o = ...,j ,p � o = na 0 • a -0 m,k C) 'o �, o -', t cD r C) m \\: v 3 CD p O� , ,..,, o v O m z v Cu st -.n 0 v O te-x O z = O ✓• n s � D � CD CI) CD > 0 ) CD Cn CD ,� o = CT co 5 -o -0 -1 ,.„ -1-, * 0) ' E3 -1 CO -0 \ -0 ZcCDCD cDo Co (wu, (D o o �� 00 • - w -" DL) 3 CCD a Q " Ov � ° co _~ 0 _ � — V�1 cQ. v - 3 CD - , Q- cn3 �-. o -* gym cav cr55• � .� c * � -i 0 3 ( '+ v Cv C) sv CCD ? ? r: CD .-: -Ti sv CD ,•-I- (n CD — (n CD CD CD (- 0-.� X ' F mal Oarn Z_ WWI -1 O ‘ 2 C. O d re, C .k4*.•v. cn n o �\ 1 ;� z ; be performed under the Redevelopment Promissory Note, or any other document or agreement entered into or delivered in connection therewith, excepting only this Agreement, the Redevelopment Agreement, as modified, and as specifically set forth in the Redevelopment Promissory Note. Pledgor shall be under no duty to invest any sums received by it hereunder or received in respect of the Annual Tax-Increment Receipts, nor shall Pledgor be required to disburse any amount so held, except to Pledgee, or such other party or parties as Pledgee may designate in writing to Pledgor. Pledgor expressly disclaims any representation or warranty that the Excess Tax Revenues will be sufficient at any time for any payment now or hereafter due under the Redevelopment Promissory Note. Neither this Security Agreement nor the Redevelopment Agreement nor any other instrument or agreement entered into with respect to the Project shall in any manner be construed as a charge against its credit or taxing power for any purpose whatsoever. SECTION 6. NO SETOFF. The funds held in the Excess Tax Revenues shall be held separate and apart from all other funds of the Pledgor and shall not be subject to setoff by the Pledgor in any manner against any claim against the Pledgee, Borrower, or their respective successors, assigns, or affiliates. SECTION 7. ASSIGNMENT BY PLEDGEE; NOTICE. This Security Agreement may be assigned by the Pledgee at any time upon giving written notice of such assignment to Pledgor. In the event that Pledgee assigns this Security Agreement,such notification shall identify the Assignee Security and Pledge Agreement, Page 3 #529028-v2 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; / / r •RtOTICE TO PUBLIC' THE DAILY RECORD The followingcil onn has been, set for OF O1 I - H - City Council hearing on July 17,2007, at l�/� k 2:00 p.m., in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam RONALD A. HENNINGSEN, Publisher Street, at which hearing all persons interested,may be heard. PROOF OF PUBLICATION AN ORDINANCE to approve the Tax Increment Financing (TIF) Redevelopment Loan Agreement with Colombo .LLC, a UNITED STATES OF AMERICA, Nebraska limited liability company 11550 'I' Street,Suite 200,Omaha, Nebraska 68137 in The State of Nebraska, the amount,of$576,000 for the development SS. of the two buildings providing 30,000 square District of Nebraska, feet of retail and office space for the County of Douglas, Aksarben Place Redevelopment Project site located at 6303 and 6307 Center Street, City of Omaha, Omaha, Nebraska, along with the public streets and rights-of-way and any adjacent J.BOYD property contemplated by the Redevelopment Plan; and providing for an effective date. being duly sworn,deposes and says that she is BUSTER BROWN, City Clerk LEGAL EDITOR 7-13-07 -- - — — - —f of THE DAILY RECORD, of Omaha, a legal newspaper, printed and published daily in the English language, having a bona fide paid circulation in Douglas County in excess of 300 copies, printed in Omaha,in said County of Douglas,for more than fifty-two weeks last past; that the printed notice hereto attached was published in THE DAILY RECORD,of Omaha,on July 13 , 2007 That aper during that time was regularly published and in :.�'r.. r in the County of Douglas, , State of Nebraska. iC'" / RAL �4 ' -5( Subscribed in my p hence and sworn to before ubl(sher ,s$ 17 • 0 me this 13 th day of /, . • FX •.if tlpnal Copies ... �...� �� '>€ i6 2� . 9 0ori �h�`�TA`E OF C\ No bl tate of Nebraska las County, ept to Pledgee, or such other party or parties as Pledgee may designate in writing to Pledgor. Pledgor expressly disclaims any representation or warranty that the Excess Tax Revenues will be sufficient at any time for any payment now or hereafter due under the Redevelopment Promissory Note. Neither this Security Agreement nor the Redevelopment Agreement nor any other instrument or agreement entered into with respect to the Project shall in any manner be construed as a charge against its credit or taxing power for any purpose whatsoever. SECTION 6. NO SETOFF. The funds held in the Excess Tax Revenues shall be held separate and apart from all other funds of the Pledgor and shall not be subject to setoff by the Pledgor in any manner against any claim against the Pledgee, Borrower, or their respective successors, assigns, or affiliates. SECTION 7. ASSIGNMENT BY PLEDGEE; NOTICE. This Security Agreement may be assigned by the Pledgee at any time upon giving written notice of such assignment to Pledgor. In the event that Pledgee assigns this Security Agreement,such notification shall identify the Assignee Security and Pledge Agreement, Page 3 #529028-v2 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due; - - ___ THE DAILY RECORD "NOTICE TO PUBLIC' OF OMAHA ORDINANCE NO.37803 AN ORDINANCE to approve the Tax RONALD A. HENNINGSEN, Publisher Increment Financing (TIF) Redevelopment oon Agreement withitColombo LLC, a PROOF OF PUBLICATION • Nebraska limited liability company 11550 'I' ( Street,Suite 200,:Omaha, Nebraska 68137 in the amount of$576,000Lfor the development of the two buildings�providing1 30,000 square UNITED STATES OF AMERICA, feet retail and voice'space for the The State of Nebraska, ,en Place Redeve9opmenb Project site SS. located at 6303 and 6307 Center Street, District of Nebraska, Omaha, Nebraska, along with the public streets and rights-of-way and any adjacent County of Douglas, property contemplated by the City of Omaha, Redevelopment Plan; and providing for an effective date. SUMMARY: J. BOYD AN ORDINANCE to approve the Tax Increment Financing (TIE) Redevelopment being duly sworn,deposes and says that she is Loan Agreement with Colombo LLC, a Nebraska limited liability company 11550 •I' LEGAL EDITOR Street,Suite 200,Omaha, Nebraska 68137 in the amount of$576,000 for the development of the two buildings providing 30,000 square of THE DAILY RECORD, of Omaha, a legal newspaper, printed and feet of retail and offi ce space for the published daily in the English language, having a bona fide paid Aksarben Place Redevelopment Project site located at 6303 and 6307 Center Street, circulation in Douglas County in excess of 300 copies, printed in Omaha, Nebraska, along with the public streets and rights-of-way and any adjacent Omaha,in said County of Douglas,for more than fifty-two weeks last property contemplated by the past; that the printed notice hereto attached was published in THE Redevelopment Plan; and providing for an effective date. DAILY RECORD,of Omaha,on PASSED: July 2007, 6-0 APPROVED BY: August 1 , 2 0 0 7 MIKE FAHEY 7/26/07 MAYOR OF THE CITY OF OMAHA BUSTER BROWN, City Clerk 8-1-07 -�.i>«� That. :,i,Ne}ws acduring that time was regularly published and in g• :•Ocir $'u3,te County of Douglas,and State of Nebraska. i 1\10M—Y * Subscribed' y presence and sworn to before Pu.'ig'biir's Fe is°1� S 2 6f• 9 me this 1st y of Add 'onaI•copi .�'•A. 2 7 PO Not y b' . d as County, tate of Nebraska or agreement entered into with respect to the Project shall in any manner be construed as a charge against its credit or taxing power for any purpose whatsoever. SECTION 6. NO SETOFF. The funds held in the Excess Tax Revenues shall be held separate and apart from all other funds of the Pledgor and shall not be subject to setoff by the Pledgor in any manner against any claim against the Pledgee, Borrower, or their respective successors, assigns, or affiliates. SECTION 7. ASSIGNMENT BY PLEDGEE; NOTICE. This Security Agreement may be assigned by the Pledgee at any time upon giving written notice of such assignment to Pledgor. In the event that Pledgee assigns this Security Agreement,such notification shall identify the Assignee Security and Pledge Agreement, Page 3 #529028-v2 11I to i t suttoc sot a s E root SRE LAYOUT PLAN - 8 - 0�7 BUSTER BROWN, O' 8-1-07 City Clerk Ilk, Si''Potai' ��P� N P in r uglas County, \��\`0 F N /j State of Nebraska . ,.. . . . . . • . . in i. . •K.St •. -. . •. . ' • : . • E . • .. . , . . •. .--.--- . a • . .. - -3 St---! • • ---• K St - • in . • • . . , A . . . . . . . i 1 ! . . . . • . . ... .., • . i.-----. •_I.-Frontage Rd--- • . • L-St• ---7,ti,7 . , • : . • , g . • • 1 , •. : . , ri c , • un ru, io , • to .................. .. • (a . , . . in la ...... . ... . .. ._ • . . .c ._.............. . - • . , . . • et'. , . . . . • • • . . • ,tt,. . . . . . . . . . • . . . t . . . . . • . t..._. . t • . . : .. . , . Page 11 of 12 . . . . . . . • OplA) 513 I 5. . - . . . . . . . • • i reached. e. Advertisement in general circulation media, trade association publications, and protected-focus media for a reasonable period before bids are due;