Common use of Redevelopment Project Area Clause in Contracts

Redevelopment Project Area. The City has undertaken a program for the redevelopment of extremely blighted and substandard areas in the City of Lincoln, Nebraska, and as part of that program the City has prepared and approved the South Street Corridor and Environs Redevelopment Plan, as amended (“Redevelopment Plan”), pursuant to the Community Development Law of the State of Nebraska, Chapter 18, Article 21, Sections 18-2101-18-2144, as supplemented by and including Sections 18-2147 to 18-2153, Reissue Revised Statutes of Nebraska, 1943, as enacted or hereafter amended from time to time (“Community Redevelopment Law”). The Redevelopment Plan provides for the acquisition, rehabilitation, and renovation of the former ▇▇▇▇▇▇▇ ▇▇▇▇ located at approximately ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ in Lincoln, Nebraska (“Building”) as a Redevelopment Project (“Centerpointe South Street Redevelopment Project” or “Redevelopment Project”) in an area described as follows (collectively “Redevelopment Project Area”):

Redevelopment Project Area. The City has undertaken a program for the redevelopment of extremely blighted and substandard areas in the City of Lincoln, Nebraska, and as part of that program the City has prepared and approved the South Street Corridor and Environs Lincoln Center Redevelopment Plan, as amended (“Redevelopment Plan”), pursuant to the Community Development Law of the State of Nebraska, Chapter 18, Article 21, Sections 18-2101-18-2144, as supplemented by and including Sections 18-2147 to 18-2153, Reissue Revised Statutes of Nebraska, 1943, as enacted or hereafter amended as may be amended from time to time (“Community Redevelopment Law”). The Redevelopment Plan provides for the acquisition, rehabilitation, and renovation of the former ▇▇▇▇▇▇▇ ▇▇▇▇ located at approximately ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ building (the “Building”) generally located on the northwest corner of 11th and O Streets as a Redevelopment Project (“▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ in Lincoln, Nebraska (“Building”) as a Redevelopment Project (“Centerpointe South Street Redevelopment Project” or “Redevelopment Project”) in an area described as follows (collectively “Redevelopment Project Area”):