ORD 34240 - Ames Fontenelle LLC redevelopment and TIF loan agmt • otAAHA,NFe� R 'I �.,, 1- j� �'/ F. Li Planning Department
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City of Omaha June 17,, 1997
Hal Daub,Mayor '
,
Honorable President
and Members of the City Council,
The attached proposed•Ordinance recommends the approval of an Agreement to implement the
approved Ames Fontenelle LLC Redevelopment Project for the reuse of an existing building located
at 4436 Ames Avenue. The project entails the conversion of a currently vacant building into a
laundromat that will provide three to five employment opportunities. The Redevelopment
Agreement provides the usage of $42,885 in Tax Increment Financing to assist in project
development. The TIF funds will be used for project specific construction costs.
The site has been vacant for some time and has been redeveloped. This project enhances the
viability of the immediate area and is adjacent to other developments planned. The TIF financing
will be repaid in 12.5 years as a result of the improvements proposed for the site.
Your favorable consideration of this Ordinance is requested.
Respectfully submitted, Approved:
77-7,_� ___ 3-- . 97 viz-7/ c, -
.41.01.Planning Director Date Don W. Elliott, P.E. Date
Public Works Director
Approved as to Funding: Approved:
, ,2_,./1‹ __...1/4 I\ -Lc --11-)
—2 �7 _ 7
Louis A. D'Ercole Date orge . 1/) i , Jr. Date
Acting Finance Director Acting man Relations Director 3 -(2
Referred City Council for Consideration:
Mayor's Office/Title
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ORDINANCE NO. 3'/,�Z ,0
AN ORDINANCE approving a redevelopment and tax increment financing loan agreement with the
Ames Fontenelle LLC, 3568 Dodge Street, Omaha,Nebraska 68131, 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 Redevelopment Agreement with Ames Fontenelle LLC; 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.
Section 3. This Ordinance shall be in full force and take effect fifteen (15) days from and
after the date of its passage.
INTRODUCED BY COUNCILMEMBER
• APPROVED Y:
OR OF THE CITY OF OM I
PASSED R e 1 1997 ‘—e
ATTEST:
4
CITY C RK OFT E CITY OF OMAHA 7 APPROVED AS TO FORM:
ASSI TA T A 'TO" 'Y
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REDEVELOPMENT AGREEMENT
THIS AGREEMENT is entered into by and between the City of Omaha, a Nebraska
Municipal Corporation in Douglas County,Nebraska, and Ames Fontenelle LLC.
RECITALS:
WHEREAS, on May 6, 1997, the City Council of the City of Omaha approved the Ames
Fontenelle Redevelopment Plan which provided for renovation of the site at 4436 Ames Avenue to
develop a full service retail laundry business, 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 "Developer" shall mean Ames Fontenelle LLC.
1.3 "Director" shall mean the Director of the City of Omaha Planning Department.
1.4 "Redevelopment Project" shall mean renovation of the existing site and building to
develop a retail laundry facility as shown on the Site Plan Exhibit "A".
1.5 "Redevelopment Site" shall mean the area legally described on Exhibit "B", attached
hereto.
1.6 "Redevelopment Note(TIF Funds/TIF Proceeds)" shall mean any obligation issued
by the City and secured by the excess ad valorem taxes generated within the
Redevelopment Site.
1.7 "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.
SECTION 2. OBLIGATIONS OF THE CITY
The City shall:
2.1 Execute and deliver to the Developer 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 Developer for site specific construction
costs up to the sum of$42,885.
2.3 Pay debt retirement principal and interest from the Excess Ad Valorem Taxes (TIF
tax proceeds). 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 Developer 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.
2.4.2 Developer 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.
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SECTION 3. OBLIGATIONS OF THE DEVELOPER
The Developer shall:
3.1 Complete the Redevelopment Project on or before August 1, 1997, creating a real
property taxable base by reason of such construction of at least$341,000.
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 Loan redevelopment funds to the City in the principal amount of$42,885 as set forth
in Section 2.1, which, when combined with other private funds available, will be
sufficient to construct the redevelopment project. Execution and delivery of the
Redevelopment Promissory 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 may be accomplished by offset so that the Developer retains the loan
proceeds. If the City so requests,the developer 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 a 9%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 Developer shall remain unaffected.
•
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$37,600
or less prior to and during construction; and $378,000 or less after substantial
completion or occupancy of the renovated site and building housing the full service
laundry business;(2)not convey the Redevelopment Site or structures thereon to any
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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 Promissory 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. Annexed hereto as Exhibit "D" and made
a part hereof by reference are the equal employment provisions of this contract,
wherein the "Developer" is referred to as "Contractor".
4.2 Non-discrimination. The Developer 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.
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
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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 Developer 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 Developer.
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 Developer's successors and assigns, and
shall run with the land described in Exhibit "B", attached hereto,to the benefit of the
City of Omaha.
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:
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(1) City of Omaha:
Director Legal Service
City Planning Department do City Clerk
• Omaha/Douglas Civic Center Omaha/Douglas Civic Center
1819 Farnam Street 1819 Farnam Street
Omaha,NE 68183 Omaha,NE 68183
(2) Developer:
Ames Fontenelle LLC
3558 Dodge Street
Omaha,NE 68131
Either party may designate additional representatives or substitute representatives by giving
written notice thereof to the designated representative of the other party.
Executed this day of , 1917 7.
ATTEST: C CITY OF OMAHA:
174/
CITY CL OFT CITY OF O AHAn MA O H AHA
Executed this-day of �i , 199'Z
DEVELOPER:
AMES FONTE ELLE L
APPROVED AS TO FORM:
AS IST CITY TORNEN7/1(
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STATE OF NEBRASKA )
)ss.
COUNTY OF DOUGLAS )
The foregoing Redevelopment Agreement was acknowledged before me this ? . day of May, 1991.
by Dana C. Bradford, President/Member, of Ames Fontenelle LLC on behalf of said Ames
Fontenelle LLC.
GENERAL NOTARY-State of Nebraska
MARIAN R.TODD Notary Public, State of Nebraska
•";( :".. My Comm.Exp.Feb.13,1998
My commission expires on a- 13- 93
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1
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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
$42,885 , 19
FOR VALUE RECEIVED, the Undersigned, Borrower, promises to pay Ames Fontenelle
LLC, Holder, 3568 Dodge Street, Omaha,NE 68131 and/or its assigns, the principal sum of Forty
Two Thousand Eight Hundred Eighty Five Dollars ($42,885), together with interest thereon at the
rate of nine percent (9%)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
/sy - day of ze , 1 ,by and between the City of Omaha,
Borrower, and the Hol r, (thy"Redevelopment Agreement") are collected by the Cityof Omaha
P
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 Bank, 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.
0 FY
�I
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 1,
United States of America and shall be legal tender for public and private debts at the time of
payment.
CITY OF ,A Municipal Corporation
By:
ayor oft e City of Omaha
ATTEST: ROVED AS TO FORM:
)44),Acat
Ary
City Clerf the City f Omaha city Attorney
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EXHIBIT "D"
EQUAL EMPLOYMENT OPPORTUNITY CLAUSE
During the performance of this contract, the Contractor agrees as follows:
(1) The Contractor shall not discriminate against any employee 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 Contractor 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
Contractor 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 Contractor 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 Contractor shall, in all solicitations or advertisements for employees placed by or on
behalf of the Contractor, 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 Contractor 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 Contractor'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 Contractor 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 Contractor. The purpose
for this provision is to provide for investigation to ascertain compliance with the program
provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor 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 Contractor 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 Contractor or the City may request the United States to enter into such
litigation to protect the interests of the United States.
(6) The Contractor shall file and shall cause his subcontractors,if any,to file compliance reports
with the Contractor 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 Contractor and his subcontractors.
(7) The Contractor 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 subcontractor or vendor.
P:\PLN2\6168.SKZ
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Assignment of Tax Increment Financing Agreement
("Agreement")
In connection with the sale of the property located at 4436 Ames Avenue,
Omaha, Nebraska ("Property"), the undersigned Ames Fontenelle Blvd,
LLC as seller ("Assignor"), hereby assigns, all right title benefits and
interest to the Agreement relating to the Property dated on or about July 1,
1997 between the Assignor and the City of Omaha, Nebraska to Robert S.
Stevens as buyer ("Assignee"). The City of Omaha signs below consenting
and acknowledging the assignment.
Dated this 30 day of September, 2007
Ames Fo• - - B . C ssignor
BY: 411009.4001
Dana Bradford, Managing Member
Notary:
On g2 S , 2007, before me the undersigned, a Notary Public in for
sai County 4nd State personally appeared.
A GENERAL NOTARY-State M keaemke
KIMBERLY HEFFLINGER
tel- .8 My Comm.Exp.July 4,2011
Notary Public 44i6
i i
Robert S. Stevens, Assignee
BY:
Robert S. Stevens
Notary:
On t\late(„aud , , 2007, before me the undersigned, a Notary Public in for
• County an ate personally appeared.
GENERAL NOTARY-State of Nebraska
ELLEN M.SECHSER
Notary Public My Comm.Exp.Oct.24,zoto
City of Omaha:
. • aa, - APPROVED AS TO FORM:
ITS: fi — -- f ,NT CITY ATTORNEY
Notary:
On beceroi.ei , 2007, before me the undersigned, a Notary Public in
for said County and State personally appeared.
INTEROFFICE MEMORANDUM RECEIVED
'08 SEP !6 AM 6: if
Law Department
CITY CLERK
OMAHAsa . . ,S A
DATE: September 15, 2008 •
TO: Buster Brown, City Clerk
FROM: Bernard J. in den Bosch, Assistant City Attorney
SUBJECT: Assignment of Redevelopment Agreement and
Acknowledgement of Assignment
Attached please find an Assignment of Redevelopment Agreement and Acknowledgment
of said Assignment for the Mayor's signature. Please have the Acknowledgment signed and
returned to me, and I will forward to the appropriate individual.
Respectfully submitted,
Bernard J. in den Bosch
Assistant City Attorney
BJB:de
Attachment
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ASSIGNEMENT OF REDEVELOPMENT AGREEMENT
AND REDEVELOPMENT PROMISSORY NOTE
AMES FONTENELLE BLVD, LLC, a Nebraska Limited Liability Company (
hereinafter"Assignor"), in consideration of a loan from First State Bank (hereinafter
"Assignee") to Assignor, which Loan is evidenced by a Promissory Note executed on
September 12, 2007, and its related Collateral Assignment and Pledge Agreement of the
same date between Assignor and Assignee, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, does hereby assign unto
Assignee all of Assignor's right, title and interest in and to the following described
agreements and promissory note.
Redevelopment Agreement between Assignor and the City of Omaha, Nebraska
which was approved by Ordinance No. 34240 on July 1, 1997 and a Redevelopment
Promissory Note in the amount of$ 42,885.00 from the City of Omaha, Nebraska, as
borrower, and Ames Fontenelle Blvd, LLC, as holder (collectively, "Redevelopment
Document"). The purpose of the Redevelopment Documents is to facilitate construction
of a Retail Shopping Center located at 4436 Ames Avenue, Omaha, Douglas County,
Nebraska.
Assignor hereby authorizes the City of Omaha, Nebraska to make payable any
and all Redevelopment Promissory Note Payments as follows:
Payable to:
First State Bank •
5370 South 72nd Street
Ralston, Ne 68127
Assignor does hereby represent and warrant that it has full power and authority to
assign the aforementioned Redevelopment Documents.
This Assignment will be governed and construed under the substantive laws of the
State of Nebraska.
ACKNOWLEDGMENT OF ASSIGNMENT BY THE CITY OF OMAHA,NEBRASKA
The City of Omaha,Nebraska ("City")hereby acknowledges receipt of the above and
foregoing Assignment of Redevelopment Agreement and Redevelopment Promissory Note
(collectively, "Redevelopment Documents") and agrees as follows:
1. The above-referenced Redevelopment Documents are subject to and governed by
the terms and provisions of the Community Development Law, 18-2101 et seq.,
Nebraska Revised Statutes.
2. That City will remit directly to First State Bank of Omaha those sums payable by
City pursuant to the Redevelopment Documents; and
3. To the extent that ad valorem taxes paid by the County Assessor and/or County
Treasurer of Douglas County,Nebraska, to the City in conjunction with Project
(as defined in the above and foregoing Assignment) may be subjected a security
interest, City grants to First State Bank a first priority security interest in that
portion of the ad valorem taxes on the Project calculated pursuant to 18-
2147(1)(b).
CITY OF OMAHA,NEBRASKA
Dated effective,S l� I A' , 2008
I By:[ tliAvit
Acting Mayor .
Approved as to form and content by Omaha
City ey's offAT
TEST:
By: _ Q1,�a 8
�� ity Clerk
Date: ' : �4 , 2008 Ames Fonten lvd, a Ne aska
Limited ' ility o
By:
Dana radford, Authorized Member
Notary:
On q/ gZ , 2008, before me the undersigned, a Notary Public in for said County and
State personally appeared.
GENERAL NOTARY-State of Nebraska
k.4
1�! KIMBERLY HEFFLINGER
My Comm.Exp.July 4,2011
Notar Date: 9-/C) , 2008 First State B. k /
By :/ 1.Iw A��
Title MAN" r 6 `i
Notar :
On I'-/0 , 2008, before me the undersigned, a Notar ' • •lic in for said County and
State personally appeared.
q GENERAL NOTARY-Stateof Nebraska
11� KARENEN J.J.AL ALLG000
My Comm.Exp.Dec.30.2009
Notary
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