EXCERPT OF MINUTES OF A MEETING

(Published in Lawrence Journal-World on February ____, 2008)

ORDINANCE NO. 8234

AN ORDINANCE OF THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS MAKING FINDINGS AND ESTABLISHING A REDEVELOPMENT DISTRICT PURSUANT TO K.S.A. 12-1770 ET SEQ., AND AMENDMENTS THERETO.

WHEREAS, pursuant to the provisions of K.S.A. 12-1770 et seq., as amended (the “Act”), the City of Lawrence, Kansas (the “City”) is authorized to establish redevelopment districts within a defined area of the City which is found by the City to be a conservation area, and is therefore an “eligible area” as said term is defined in the Act; and

WHEREAS, the Governing Body adopted Resolution No. 6749 on January 8, 2008 calling for a public hearing considering the establishment of a redevelopment district to be held by the Governing Body on February 12, 2008; and

WHEREAS, notice of the public hearing was given as required by the Act; and

WHEREAS, the public hearing was held on February 12, 2008 and closed on the same day; and

NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:

SECTION 1. The Governing Body hereby finds that the real property described in Exhibits A and B (the “Redevelopment District”) attached hereto is an eligible area for being designated as a redevelopment district pursuant to the Act because the real property is hereby found by the City to be a conservation area based on the determination by the City that:

(a) the Redevelopment District comprises less than 15% of the land area of the City;

(b) 50% or more of the structures in the Redevelopment District are at least 35 years old; and

(c) the Redevelopment District is not yet blighted, but may become blighted due to: (i) the existence of dilapidated and deteriorated structures, (ii) the presence of structures below minimum code standards and (iii) inadequate utilities and infrastructure.

SECTION 2. The Governing Body hereby finds that the conservation, development or redevelopment of the Redevelopment District is necessary to promote the general and economic welfare of the City.

SECTION 3. The Governing Body hereby establishes the Redevelopment District, which shall include One project area, all depicted on the map attached hereto as Exhibit A. The district plan is hereby approved, and consists of buildings and facilities to be constructed within the One project area, generally described as follows:

A multi-use structure consisting of approximately 106 rooms and associated commercial spaces. These rooms include approximately 92 hotel rooms and extended stay suites, and approximately 14 condominiums. The structure will include ancillary uses such as meeting and conference rooms, banquet rooms, restaurant space, and bar space. Additional commercial uses may consist of a bank, retail stores, and other similar commercial uses allowed by the City of Lawrence. The structure will consist of approximately 116,000 square feet. The structure shall include an underground parking facility consisting of approximately 200 spaces. The redevelopment will also include public infrastructure improvements including without limitation improvements to Oread Avenue, 12^th Street, Indiana Street, pedestrian access, utilities, landscaping, and other related improvements.

SECTION 4. Severability. If any section, clause, sentence, or phrase of this ordinance is found to be unconstitutional or is otherwise held invalid by any court of competent jurisdiction, it shall not affect the validity of any remaining parts of this ordinance.

SECTION 5. This Ordinance shall take effect and be in force from and after its passage and publication as provided by law.

PASSED by the Governing Body this FEBRUARY 19, 2008.

SIGNED by the Mayor this FEBRUARY 19, 2008.

Sue Hack, Mayor

(SEAL)

Frank S. Reeb, City Clerk

APPROVED AS TO FORM AND LEGALITY:

Toni Ramirez Wheeler, Director of Legal Services

EXHIBIT B

LEGAL DESCRIPTION OF REDEVELOPMENT DISTRICT

Beginning at the Intersection of the Centerline of Louisiana Street and the South Right-of-way line of West 12^th Street (Hancock Street) in the Southeast Quarter (SE ¼) of Section 36, Township 12 South, Range 19 East of the Sixth Principal Meridian in the City of Lawrence, Douglas County, Kansas; thence West on the South Right-of-way line of West 12^th Street (Hancock Street) extended to the Northeast Corner of Lot 1, Block 3, Oread Addition; thence continuing West on the South Right-of-way line of said West 12^th Street (Hancock Street) to the Northwest corner of Lot 1, Block 3, Oread Addition; thence in a Southwesterly direction on the East Right-of-way line of Oread Avenue to the Northwest corner of the South One-half (S ½) of Lot 2, Block 3, Oread Addition; thence East on the North line of the South one-half (S ½) of said Lot 2 to the Northeast corner of the South One-half (S ½) of said Lot 2; thence South on the East line of said Block 3 Oread Addition to the Southeast corner of the North One-half (N ½) of Lot 4, Block 3 of Oread Addition; thence West on the South line of the North One-half (N ½) of Lot 4, Block 3 of Oread Addition to the Southwest corner of the North One-half (N ½) of Lot 4, Block 3 of Oread Addition and the East Right-of-way line of Oread Avenue; thence in a Southwesterly direction on the East Right-of-way line of Oread Avenue to the Southwest corner of Lot 6, of Oread Heights Addition, A Subdivision of Block 3, Oread Addition; thence continuing in a Southwesterly direction on the East Right-of-way line of Oread Avenue extended to the Centerline of 13^th Street (Lee Street); thence West on the Centerline of said 13^th Street (Lee Street) to the West Right-of-way line of Oread Avenue; thence in a Northeasterly direction on the West Right-of-way line of Oread Avenue to the Southeast corner of the North One-half (N ½) of Lot 2, Block 8 of Oread Addition; thence West on the South line of the North One-half (N ½) of Lot 2, Block 8 of Oread Addition to the Southwest corner of North One-half (N ½) of Lot 2, Block 8 of Oread Addition; thence North on the West line of the North One-half (N ½) of Lot 2, Block 8 of Oread Addition to the Southwest corner of Lot 1, Block 8 of Oread Addition; thence East on the South line of Lot 1, Block 8 of Oread Addition 180 feet; thence North parallel with the West line of Lot 1, Block 8 of Oread Addition to the South Right-of-way line of 12^th Street (Hancock Street); thence West on the South Right-of-way line of 12^th Street (Hancock Street) to the Northwest corner of Lot 12, Block 8 of Oread Addition and the East Right-of-way line of Mississippi Street; thence South on the East Right-of-way line of Mississippi Street to the Southwest corner of the North One-half (N ½) of Lot 10, Block 8 of Oread Addition; thence West on the South line of the North One-half (N ½) of Lot 10, Block 8 of Oread Addition projected West, to the West Right-of-way line of Mississippi Street; thence North on the West Right-of-way line of Mississippi Street to the intersection of the North line of Lot 9, Block 9 of Oread Addition projected West; thence East on the North line of Lot 9, Block 9 of Oread Addition extended, to the Northwest corner of Lot 9, Block 9 of Oread Addition and the East Right-of-way line of Mississippi Street; thence South on the East Right-of-way line of Mississippi Street to the Southwest corner of Lot 7, Block 9 Oread Addition, and the North Right-of-way line of 12^th Street (Hancock Street); thence East on the North Right-of-way line of 12^th Street (Hancock Street) to the Southeast corner of Lot 6, Block 9 of Oread Addition and the West Right-of-way line of Indiana Street; thence North on the West Right-of-way line of Indiana Street to the Northeast corner of Lot 1, Block 9 of Oread Addition and the Southeast corner of Lot 3, Block 14, Lane’s Second Addition; thence continuing North on the West Right-of-way line of Indiana Street to the Northeast corner of Lot 1, Block 14, Lane’s Second Addition and the South Right-of-way line of 11^th Street (Quincy Street); thence West on the South Right-of-way line of 11^th Street (Quincy Street) to the intersection of the East line of Lots 13 thru 24, Block 13, Lane’s Second Addition projected South; thence North on the East line of Lots 13 thru 24, Block 13, Lane’s Second Addition extended, to the Southeast corner of Lot 13, Block 13, Lane’s Second Addition and the North Right-of-way line of 11^th Street (Quincy Street); thence North on the East line of Lots 13 thru 24, Block 13, Lane’s Second Addition to the Northeast corner of Lot 24, Block 13, Lane’s Second Addition and the South Right-of-way line of 10^th Street (Berkeley Street); thence continuing North on the East line of Lots 13 thru 24, Block 13, Lane’s Second Addition projected North to the Southeast corner of Lot 15, Block 11 Lane’s Second Addition; thence North on the East line of Lots 15 thru 23, Block 11, Lane’s Second Addition to the Northeast corner of Lot 23, Block 11, Lane’s Second Addition; thence North on the East line of Lots 15 thru 23, Block 11, Lane’s Second Addition projected North, to the South line of Lot 3, Block 11, Lane’s Second Addition; thence East on the South line of Lot 3, Block 11, Lane’s Second Addition to the intersection of the West line of Lots 6 thru 14, Block 11, Lane’s Second Addition projected North; thence South on the West line of Lots 6 thru 14, Block 11, Lane’s Second Addition extended, to the Northwest corner of Lot 6, Block 11, Lane’s Second Addition; thence South on the West line of Lots 6 thru 14, Block 11, Lane’s Second Addition to the Southwest corner of Lot 14, Block 11, Lane’s Second Addition and the North Right-of-way line of 10^th Street (Berkeley Street); thence South on the West line of Lots 6 thru 14, Block 11, Lane’s Second Addition extended, to the Northwest corner of Lot 1, Block 13, Lane’s Second Addition, and the South Right-of-way line of 10^th Street (Berkeley Street); thence South on the West line of Lots 1 thru 12, Block 13, Lane’s Second Addition to the Southwest corner of Lot 12, Block 13 Lane’s Second Addition and the North Right-of-way line of 11^th Street (Quincy Street); thence East on the South line of Lot 12, Block 13, Lane’s Second Addition and the North Right-of-way line of 11^th Street (Quincy Street) to the Southeast corner of Lot 12, Block 13 Lane’s Second Addition; thence continuing East on the North Right-of-way line of 11^th Street (Quincy Street) extended to the Southwest corner of University Park (Northeast corner of 11^th Street (Quincy Street) and Indiana Street); thence South on the East Right-of-way line of Indiana Street projected North from Block 15, Lane’s Second Addition to the Northwest corner of Lot 6, Block 15, Lane’s Second Addition; thence South on the East Right-of-way line of Indiana Street to the Southwest corner of Lot 4, Block 15, Lane’s Second Addition and the Northwest corner of Lot 12, Block 2, Oread Addition; thence continuing South on the East Right-of-way line of Indiana Street to the Northwest corner of the South 55 feet of Lot 10, Block 2, Oread Addition; thence East on the North line of the South 55 feet of Lot 10, Block 2, Oread Addition to the Northeast corner of the South 55 feet of Lot 10, Block 2, Oread Addition and the Northwest corner of the South 55 feet of Lot 3, Block 2, Oread Addition; thence continuing East on the North line of the South 55 feet of Lot 3, Block 2, Oread Addition to the Northeast corner of the South 55 feet of Lot 3, Block 2, Oread Addition; thence South on the East line of Lots 3, and 4, Block 2, Oread Addition to the Southeast corner of the North 65 feet of Lot 4, Block 2, Oread Addition; thence West on the South line of the North 65 feet of Lot 4, Block 2, Oread Addition to the Southwest corner of the North 65 feet of Lot 4, Block 2 Oread Addition and the East line of Lots 9, 8, and 7, Block 2, Oread Addition; thence South on the East line of Lots 9, 8 and 7, Block 2, Oread Addition to the Southeast corner of Lot 7, Block 2, Oread Addition and the North Right-of-way line of 12^th Street (Hancock Street); thence East on the North Right-of-way line of 12^th Street (Hancock Street) to the Southeast corner of Lot 6, Block 2, Oread Addition; thence continuing East on the North Right-of-way line of 12^th Street (Hancock Street) extended to the Centerline of Louisiana Street; thence South on the Centerline of Louisiana Street to the Point of Beginning; Containing 8.51 Acres more or less all in the City of Lawrence, Douglas County, Kansas.