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HomeMy Public PortalAboutORD-CC-2018-21CITY OF MOAB ORDINANCE NO. 2018-21 AN ORDINANCE ADOPTING THE COMMUNITY REINVESTMENT PROJECT AREA PLAID' FOR THE SOUTH MOAB COMMUNITY REINVESTMENT PROJECT AREA The following findings describe the intent and purpose of this ordinance: a. The Grand County Community Reinvestment Agency (the "Agency"), having prepared a Project Area Plan (the "Plan") for the South Moab Community Reinvestment Project Area pursuant to Utah Code Annotated ("UCA") § 17C-5, and having held the required public hearing on the Plan pursuant to UCA § 17C-5-104, has adopted the Plan as the Official Community Reinvestment Project Area Plan for the South Moab Community Reinvestment Project Area (the "Project Area"); and b. The Project Area includes portions of unincorporated Grand County and portions of the City of Moab ("City"); and c. The City entered into an interlocal agreement with the Agency allowing the Agency to undertake project development activities within the City in accordance with UCA § 17C-1- 204(1); and d. The City will also adopt the Project Plan in order to facilitate clear expectations to landowners, developers, and the public. Therefore, the Moab City Council adopts and designates the South Moab Community Reinvestment Project Area Plan, as approved by the Agency, as the Official Community Reinvestment Project Area Plan for the South Moab Community Reinvestment Project Area (the "Official Plan"). PASSED AND ADOPTED by action of the Moab City Council on this 13th day of November, 2018. Emily S. Niehaus, Mayor Rachel Stenta, City Recorder Grand County Community Reinvestment Agency Moab South Community Reinvestment Project Area FINAL Project Area Plan October 2, 2018 ZIONS 88 PUBLIC FINAN E,IN , Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan Table of Contents ©0 Table of Contents 2 1. Recitals of Preconditions for Designating a Community Development Project Area 5 2. Definitions 5 3. Project Area Boundaries [17C-5-105(1)] 7 4. General Statement of Land Uses, Layout of Principal Streets, Population Densities, Building Intensities and How They Will be Affected by the Project Area Development [17C-5-105(2)] 7 A. Land Uses in the Project Area 7 B. Layout of Principal Streets in the Project Area 8 C. Population Densities in the Project Area 8 D. Building Intensities in the Project Area 8 5. Standards That Will Guide the Project Area Development [17C-5-105(3)] 8 A. General Design Objectives 8 B. Specific Design Objectives and Controls 9 1. Building Design Objectives 10 2. Open Space, Pedestrian Walks, and Interior Drive Design Objectives 10 3. Parking Design Objectives 10 C. Techniques to Achieve the Project Area Development Plan Objectives 10 D. Property Acquisition, Disposition and Development 10 1. Acquisition of Real Property 10 2. Cooperation with the Community and Public Entities 11 3. Property Management 11 4. Property Disposition and Development 11 E. Approvals 12 6. How Project Area Development Will Further Purposes of This Title [17C-5-104] 12 A. Development of moderate -income and essential workforce housing 12 B. Establishment of New Business 13 C. Development of USU Campus and Other Facilities Supporting Higher Education 13 D. Public Infrastructure Improvements 13 7. The Plan is Consistent With and Will Conform to the Community's General Plan [17C-5-105(5)] 13 Zions Public Finance, Inc. I October 2018 2 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 8. If Applicable, Describe How the Project Area Will Reduce or Eliminate Blight [17C-5-105(6)] 14 9. Description of Any Specific Project or Projects That are the Object of the Proposed Community Reinvestment [17C-5-105(7)] 14 10. How Participants Will Be Selected [17C-5-105(8)] 15 A. Selection of Private Developers 15 B. Identification of Developers Who are Currently Involved in the Proposed Community Reinvestment 15 11. Reasons for the Selection of the Community Reinvestment Project Area [17C-5-105(9)] 15 12. Description of the Physical, Social and Economic Conditions Existing in the Area [17C-5-105(10)] 16 A. Physical Conditions 16 B. Social Conditions 16 C. Economic Conditions 17 13. Financial Assistance Anticipated to be Offered to a Participant [17C-5-105(11)] 17 14. Results of the Public Benefit Analysis [17C-5-105(12)] 17 A. An Evaluation of the Reasonableness of the Costs of the Proposed Project Area Development 17 B. Efforts to Maximize Private Investment 18 C. Rationale for Use of Project Area Funds 18 D. Estimate of Total Project Area Funds and Length of Time of Project Area 18 A. Beneficial Influences on the Community's Tax Base 19 B. Associated Business and Economic Activity Stimulated by the Development 19 1. Business and Employee Expenditures 19 2. Construction Expenditures 20 C. Adoption of the Plan is Necessary and Appropriate to Undertake the Project Area Plan 20 15. If Applicable, State that the Agency Shall Comply with Section 9-8-404 [17C-5-105(13)] 21 16. State Whether the Plan is Subject to a Taxing Entity Committee or an Interlocal Agreement [17C-5- 105(14)] 21 APPENDIX A: PROJECT AREA MAP AND LAYOUT OF PRINCIPAL STREETS 22 APPENDIX B: LEGAL DESCRIPTION and parcel list 23 Zions Public Finance, Inc. I October 2018 3 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan SOUTH MOAB CRA PROJECT AREA PLAN ©0 ©© The Grand County Community Reinvestment Agency ("Agency"), in cooperation with Grand County and Moab City, following thorough consideration of the needs and desires of the County and its residents, as well as the need and capacity for new development, has carefully crafted this South Moab Community Reinvestment Project Area Plan ("Plan") for the South Moab Community Reinvestment Project Area ("Project Area"). In accordance with the terms of this Plan, the Agency will promote and provide for a vibrant development near the proposed USU Moab campus. This development will encourage commercial, residential, lodging, educational, cultural and other mixed -use development. The Project Area includes approximately 729.28 acres, of which 610.02 acres are included in parcels (other than roads). Key highlights of this project include: Educational Development • USU Moab Campus Mixed Use Development • Between 500 and 600 additional residential units, of which roughly 80 percent are projected to be primary homes and 20 percent second homes • Commercial development, with approximately 10,000 additional square feet of retail space and 4,500 additional square feet of office space Tourism Component • Potential tourism destinations and attractions, including potential hotel development This is an exciting and vibrant Project Area that capitalizes on the USU Moab campus development. It is the purpose of this Plan to clearly set forth the aims and objectives of this development, its scope, its mechanism, and its value to the residents, businesses and property owners of the City of Moab and Grand County. The Project is undertaken as a community reinvestment project pursuant to the provisions of the Act. This document is prepared in good faith as a current reasonable estimate of the economic impact of this Project Area and the anticipated development. Fundamental economic and other circumstances may influence the actual impact and future development is uncertain. With these assumptions, the information contained within this report represents the reasonable expectations of the Agency regarding the Project Area. The Agency makes no guarantee that the projections contained in this Plan document or in the Budget for the Project Area accurately reflect the future development within the Project Area. Further, the Agency specifically reserves all powers granted to it under the Act, as amended; this Plan shall not be interpreted to limit or restrict the powers of the agency as granted by the Act. Zions Public Finance, Inc. I October 2018 4 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 The ordering of sections of this Project Area Plan document is consistent with the presentation of requirements and other criteria for CRA development as set forth in Utah Code § 17C-5-105. 1. RECITALS OF PRECONDITIONS FOR DESIGNATING A COMMUNITY DEVELOPMENT PROJECT AREA a) Pursuant to the provisions of §17C-5-103 et seq. of the Limited Purpose Local Government Entities Community Reinvestment Agency Act, the governing body of the Grand County Community Reinvestment Agency authorized the preparation of a draft community reinvestment project area plan on December 5, 2017; and b) As required by §17C-5-104(1)(a) and (b) of the Act, the County has a planning commission and general plan as required by law; and c) Pursuant to the provisions of §17C-5-104(3)(e) of the Act, the Agency will conduct one or more public hearings for the purpose of informing the public about the proposed Project Area, allowing public comment on the draft Project Area Plan and whether the Plan should be revised, approved or rejected; and d) Pursuant to the provisions of §17C-5-104(3)(b) and (d) of the Act, the Agency made a draft Project Area Plan available to the public at the Agency's offices during normal business hours, provided notice of the Plan hearing and held a public hearing on the draft Plan on September 18, 2018. 2. DEFINITIONS As used in this Community Reinvestment Project Area Plan: 1. The term "Act" shall mean and include the Limited Purpose Local Government Entities — Community Reinvestment Agency Act in Title 17C, Chapters 1 through 5, Utah Code Annotated 1953, as amended, or such other amendments as shall from time to time be enacted or any successor or replacement law or act. 2. The term "Agency" shall mean the Grand County Community Reinvestment Agency, a separate body corporate and politic. 3. The term "base taxable value" shall mean the base taxable value of the property within the Project Area from which tax increment will be collected, as shown upon the assessment roll last equalized, before: (A) the date the Project Area Plan is adopted by the County and the City legislative bodies; and (B) the date the Agency adopts the Project Area Budget. 4. The term "City" shall mean the City of Moab, Utah. 5. The term "County" shall mean Grand County, Utah. Zions Public Finance, Inc. I October 2018 5 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan 6. The term "community" shall mean the community of Grand County, Utah. ©0 7. The term "community reinvestment" shall mean development activities within the community, including the encouragement, promotion, or provision of development as contemplated by the Act. 8. The term "developer" shall mean the persons or entities investing in the development in the area. 9. The term "Plan Hearing" means the public hearing on the draft Project Area Plan required under Subsection 17C-5-104 of the Act. 10. The term "Project Area" or "South Moab Community Reinvestment Project Area" shall mean the geographic area described in this Project Area Plan where the community reinvestment set forth in this Project Area Plan takes place or is proposed to take place. 11. The term "Project Area Budget" shall mean a budget as described by Section 17C-5-303, setting forth: a. the anticipated costs, including administrative costs, of implementing the South Moab Community Reinvestment Project Area Plan; and b. the tax increment, sales tax, and other revenue the Agency anticipates will fund the project. 12. The term "Project Area Map" is the area depicted in Appendix A. 13. The term "South Moab Community Reinvestment Project Area Plan" or "Plan" shall mean this project area plan adopted pursuant to the Act to guide and control community reinvestment activities within a project area. 14. The terms "tax," "taxes," "property tax" or "property taxes" include privilege tax and each levy on an ad valorem basis on tangible or intangible personal or real property. 15. The term "taxing entity" shall mean a public entity that levies a tax on property within the Project Area. 18. The term "Tax Increment" shall mean the difference between the amount of property tax revenues generated each tax year by all Taxing Entities from the area designated in the Project Area Plan from which Tax Increment is to be collected, using the current assessed value of the property and the amount of property tax revenues that would be or were generated from that same area using the Base Taxable Value of the property. 19. All other terms in this document shall have the same meaning set forth in the Act unless the context clearly indicates otherwise. Zions Public Finance, Inc. I October 2018 6 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan 3. PROJECT AREA BOUNDARIES [17C-5-105(1)] ©0 The Project Area consists of approximately 729.28 acres located along Highway 191 between Holyoak Lane and Spanish Trail Road, and includes the properties lying within the boundaries as depicted on the Project Area map which is included in Appendix A. The Project Area is generally bordered by Below the Rocks on the west, with the eastern border following parcel boundaries beginning at the intersection of Holyoak Lane and Sage Drive and running southeast until Spanish Trail Road. The northern border begins at about 1248 S Highway 191 and runs eastward along Holyoak Lane to Sage Drive. The southern border begins about midway between Roberts Road and Highway 191 and runs east to Highway 191, and then turns south to Spanish Trail Road, which the boundary follows until it intersects the western boundary at about 2431 E Spanish Trail Road. The legal description of the Project Area is included in Appendix B. 4. GENERAL STATEMENT OF LAND USES, LAYOUT OF PRINCIPAL STREETS, POPULATION DENSITIES, BUILDING INTENSITIES AND HOW THEY WILL BE AFFECTED BY THE PROJECT AREA DEVELOPMENT [17C-5-105(2)] A. LAND USES IN THE PROJECT AREA The existing land uses in the Project Area include exempt, commercial, vacant, residential, roads, and utility easements. Vacant land comprises about 18 percent of the total project area.' Much of the exempt land is vacant land owned by the State of Utah. The table below lists the total acres by land use in the Project Area. Other uses and changes in uses for lands within the Project Area shall be those uses permitted by the officially adopted zoning ordinances of the City or County, as applicable, as those ordinances may be amended from time to time, subject to limitations imposed by any "overlay" restrictions and the controls and guidelines of this Plan. TABLE 1: LAND USE IN PROJECT AREA Land Use Acres Percent of Total Acreage Percent of Parcel Acres Parcel Acres Exempt 197.76 27% 32% Commercial 196.67 27% 32% Vacant 131.95 18% 22% Residential 51.34 7% 8% Utility/Utility Easement 32.29 4% 5% Subtotal 610.02 84% 100% Non -Parcel Acres Roads 119.14 16% Subtotal 119.14 16% Total 729.28 100% 1 Including road acres. Increases to 22 percent if roads are excluded. Zions Public Finance, Inc. I October 2018 7 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© Land uses will be affected as vacant land is developed in accordance with this Plan. This will change existing vacant land to commercial, educational and residential uses. Current existing land uses surrounding the Project Area include residential land to the north, scattered residential and vacant land to the east, commercial to the south, and exempt/vacant to the west. B. LAYOUT OF PRINCIPAL STREETS IN THE PROJECT AREA There are currently several improved streets within the Project Area, including Highway 191, which runs through the Project Area. The layout of the principal streets in the Project Area is shown in Appendix A. C. POPULATION DENSITIES IN THE PROJECT AREA Currently, the Project Area has 25 residential parcels with approximately 43 units. According to the American Community Survey (2016), the average household size in the City of Moab is 2.59 persons; therefore, the estimated population in the Project Area is 111 persons, with a population density of 0.15 persons per acre. D. BUILDING INTENSITIES IN THE PROJECT AREA The Project Area currently has approximately 256,005 commercial building square feet. The existing commercial development in the Project Area has an average floor area ratio (FAR) of 0.036.2 5. STANDARDS THAT WILL GUIDE THE PROJECT AREA DEVELOPMENT [17C-5- 105(3)] A. GENERAL DESIGN OBJECTIVES Development within the Project Area will be held to high -quality design and construction standards and will be subject to: (1) appropriate elements of the County or City General Plan, depending on whether the development is located in the City or in the County; (2) applicable County/City building codes and ordinances; (3) Planning Commission review and recommendation; (4) the County/City land use code; and (5) development agreements that include design guidelines. Owners and developers may be allowed flexibility in the development of land located within the Project Area and are expected to pursue quality design and development. The development contemplated herein shall be of a design and shall use materials that are in harmony with adjoining areas and subject to design review and approval by the County or City, depending on geographic location. It is contemplated that these design objectives will be addressed in separate development agreements with the Developers explicitly addressing these points, or through application of the applicable land use ordinances. Parking areas should be designed with careful regard to orderly arrangement, topography, relationship to view, ease of access, and as an integral part of the overall site design. 2256,005 square feet / (196.67 commercial acres * 43,560 square feet per acre) Zions Public Finance, Inc. I October 2018 8 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 All development will be accompanied by site plans, development data, and other appropriate material clearly describing the development, including land coverage, setbacks, heights, and any other data as required by the County or City land use code, the applicable zoning designations, development agreement, or as requested by the Agency. The general standards that will guide the project area development are as follows: 1. Encourage and assist project area development with the creation of a well -planned, vibrant mixed -use development that capitalizes on construction of the USU Moab campus. 2. Provide for the strengthening of the tax base and economic health of the entire community and the State of Utah. 3. Implement the tax increment financing provisions of the Act, which are incorporated herein by reference and made a part of this Plan. 4. Encourage economic use of and new construction upon the real property within the Project Area. 5. Promote and market the Project Area for project area development that would be complementary to existing businesses and that would enhance the economic base of the City and County through diversification. 6. Provide for compatible relationships among land uses and quality standards for development, such that the area functions as a unified and viable center of community activity. 7. Remove any impediments to land disposition and development through assembly of land into reasonably sized and shaped parcels served by adequate public utilities and infrastructure improvements. 8. Achieve an environment that reflects an appropriate level of concern for architectural, landscape and design principles, developed through encouragement, guidance, appropriate controls, and financial and professional assistance to owner participants and developers. 9. Provide for construction assistance of the USU campus, along with other necessary public infrastructure such as public streets, utilities, curbs and sidewalks, other public rights -of -way, street lights, landscaped areas, public parking, water utilities, sewer utilities, storm drainage, open space, and other public improvements. B. SPECIFIC DESIGN OBJECTIVES AND CONTROLS In addition to the general design objectives and standards described above, it is contemplated that the following guidelines will be followed. Zions Public Finance, Inc. I October 2018 9 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© 1. BUILDING DESIGN OBJECTIVES All new buildings shall be of design and materials that will be in harmony with adjoining areas and other new development and in accordance with design guidelines. 2. OPEN SPACE, PEDESTRIAN WALKS, AND INTERIOR DRIVE DESIGN OBJECTIVES All open spaces, pedestrian walks and interior drives shall be designed as an integral part of an overall site design, properly related to other buildings. Comfortably graded pedestrian walks should be provided along the lines of the most intense use, particularly from building entrances to parking areas, and adjacent buildings on the same site. The location and design of pedestrian walks should afford adequate safety and separation from vehicular traffic. Materials and design of paving, retaining walls, fences, curbs, and other accouterments, shall be of good appearance, easily maintained, and indicative of their purpose and consistent with design guidelines. 3. PARKING DESIGN OBJECTIVES Parking areas shall be designed with regard to orderly arrangement, topography, ease of access, and as an integral part of overall site design. It is desirable that parking areas be relatively level. C. TECHNIQUES TO ACHIEVE THE PROJECT AREA DEVELOPMENT PLAN OBJECTIVES Activities contemplated in carrying out the Plan in the Project Area may include the acquisition and development of properties in the Project Area. Parcels of real property located in the Project Area may be acquired by purchase, but may not be acquired by condemnation except as described in § 17C-1-902. D. PROPERTY ACQUISITION, DISPOSITION AND DEVELOPMENT The objectives of this Plan are to be accomplished by various means including but not limited to the following: 1. ACQUISITION OF REAL PROPERTY The Agency may acquire, but is not required to acquire, real property located in the Project Area. The Agency may acquire property by negotiation, gift, devise, exchange, purchase, or other lawful method, but generally not by eminent domain (condemnation) except as explicitly allowed by the Act. The Agency is authorized to acquire any other interest in real property less than fee title such as leasehold interests, easements, rights of way, etc. by negotiation, gift, devise, exchange, purchase or other lawful method. Zions Public Finance, Inc. I October 2018 10 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© 2. COOPERATION WITH THE COMMUNITY AND PUBLIC ENTITIES The community and certain public entities are authorized by state law, with or without consideration, to assist and cooperate in the planning, undertaking, construction, or operation of projects within this Project Area. The Agency may seek the aid and cooperation of such public entities in order to accomplish the purposes of project area development and the highest public good. The Agency, by law, is not authorized to acquire real property owned by a public entity without the consent of the public entity. The Agency, however, will seek the cooperation of all public entities that own or intend to acquire property in the Project Area. 3. PROPERTY MANAGEMENT During such time that property, if any, in the Project Area is owned by the Agency, such property shall be under the management and control of the Agency. Such property may be rented or leased by the Agency pending its disposition for project area development. 4. PROPERTY DISPOSITION AND DEVELOPMENT The Agency is also authorized, by lawful means, to provide for and promote the development of the Project Area to the fullest extent authorized by the Act. Nothing in this Plan shall be read to restrict or limit the power and authority granted to the Agency under the Act. The Agency is authorized to demolish and clear buildings, structures, and other improvements from any real property in the Project Area, should such a need occur, to carry out the purposes of this Plan. The Agency is authorized to install and construct or to cause to be installed and constructed the public improvements, public facilities, and public utilities, within the Project Area, not prohibited by law which are necessary or desirable to carry out this Plan, as well as publicly -owned improvements and infrastructure outside the Project Area that are of benefit to the Project Area. The Agency is authorized to prepare or cause to be prepared as building sites any real property in the Project Area. The Agency is also authorized to rehabilitate or to cause to be rehabilitated any building or structure in the Project Area should such a need occur in the future. The Agency is also authorized to advise, encourage, and assist in the rehabilitation of property in the Project Area not owned by the Agency should such a need occur in the future. For the purposes of this Plan, the Agency is authorized to sell, lease, exchange, subdivide, transfer, assign, pledge, encumber by mortgage or deed of trust, or otherwise dispose of any interest in real property. The Agency is authorized to dispose of real property by leases or sales by negotiation with or without public bidding. All real property acquired by the Agency in the Project Area shall be sold or leased to public or private persons or entities for development for the uses permitted in this Plan. Real property may be conveyed by the Agency to the City or County or any other public entity without charge. The Agency shall reserve such controls in the disposition and development documents as may be necessary to prevent transfer, retention, or use of property for speculative purposes and to ensure that development is carried out pursuant to this Plan. All purchasers or lessees of property from the Agency shall be made obligated to use the property for the purposes designated in this Plan, to begin and complete development of the property within a period of time which the Agency fixes as reasonable, and to comply with other conditions which the Agency deems necessary to carry out the purposes of this Plan. Zions Public Finance, Inc. I October 2018 11 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© To the maximum possible extent, the objectives of this Plan are to be accomplished through Agency encouragement of, and assistance to, private enterprise in carrying out development activities. To provide adequate safeguards to ensure that the provisions of this Plan will be carried out, all real property sold, leased, or conveyed by the Agency, as well as all property subject to participation agreements, shall be made subject to the provisions of this Plan by leases, deeds, contracts, agreements, declarations of restrictions, provisions of the City/County ordinances, conditional use permits, or other means. Where appropriate, as determined by the Agency, such documents or portions thereof shall be recorded in the Office of the County Recorder. The leases, deeds, contracts, agreements, and declarations of restrictions may contain restrictions, covenants, covenants running with the land, rights of reverter, conditions subsequent, equitable servitudes, or any other provision necessary or desirable to carry out this Plan. To the extent now or hereafter permitted by law, the Agency is authorized to pay for, develop, or construct any building, facility, structure, or other improvement either within or outside the Project Area for itself or for any public entity to the extent that such improvement would be of benefit to the Project Area. During the period of development in the Project Area, the Agency shall require that the provisions of this Plan and of other documents formulated pursuant to this Plan are being observed, and that development in the Project Area is proceeding in accordance with development documents and time schedules. For the purpose of this Plan, the Agency is also authorized to sell, lease, exchange, transfer, assign, pledge, encumber, and otherwise dispose of personal property. E. APPROVALS The County or City, depending on whether the development project is located in the City or in the unincorporated County, shall approve the design of all development within the Project Area to ensure that development therein is consistent with this Plan and the applicable land use ordinances. 6. HOW PROJECT AREA DEVELOPMENT WILL FURTHER PURPOSES OF THIS TITLE [17C-5-104] It is the intent of the Agency, with the assistance and participation of private owners and other public entities, to facilitate new development within the Project Area including the encouragement, promotion, or provision of mixed -use development in the community that capitalizes on the USU campus construction. Further, the project area development will strengthen the tax base of the community, will accomplish community development objectives and create well -planned development. The Project Area Plan will further the purposes of the Act by encouraging the following: A. DEVELOPMENT OF MODERATE -INCOME AND ESSENTIAL WORKFORCE HOUSING The project includes residential development which will benefit the County and the City through increased workforce housing options to support ongoing economic development, property taxes, community stability, and alleviation of intergenerational poverty. Zions Public Finance, Inc. I October 2018 12 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan Should the Agency expend any tax increment on housing -related projects, the financial assistance provided shall unequivocally support housing units that are deed restricted for a period not less than 50 years for residents of Grand County who earn less than 100% of area median income. B. ESTABLISHMENT OF NEW BUSINESS The project includes commercial development which will benefit the County and the City through increased job creation, increased sales tax base, and increased income taxes paid. Should the Agency expend any tax increment on business development or business diversification projects, the project shall be thoroughly evaluated using objective criteria that further the community and economic development goals identified in the City's and County's general plans. In no circumstance shall a project receive financial assistance before it has earned a minimum score established by a set of evaluation criteria mutually agreed upon and approved by the Agency and Moab City. C. DEVELOPMENT OF USU CAMPUS AND OTHER FACILITIES SUPPORTING HIGHER EDUCATION The project includes assistance with the development of the USU Campus which will bring educational opportunities to the local area. This will increase the skilled workforce, business development, jobs created and wages paid. The Agency shall be authorized to use tax increment to pay off debt incurred by the City of Moab and Grand County in order to construct an infrastructure corridor between US Hwy 191 and the future USU Moab campus site. Should the Agency expend any tax increment for such reason, the City and County shall share equally the financial assistance provided by the Agency. In no circumstance shall the City or County receive from the Agency a financial contribution that exceeds their proportionate contribution of project area funds to the Project. D. PUBLIC INFRASTRUCTURE IMPROVEMENTS The construction of the public infrastructure will support the development contemplated herein and provide for future development in surrounding areas. Infrastructure is an important element of economic development and areas that lack sufficient infrastructure are not able to be competitive in attracting good -quality businesses to locate in the community. 7. THE PLAN IS CONSISTENT WITH AND WILL CONFORM TO THE COMMUNITY'S GENERAL PLAN [17C-5-105(5)] The Grand County General Plan was adopted in 2012. The General Plan establishes goals in many areas, including economic development. The County's Goal 1 states: Zions Public Finance, Inc. I October 2018 13 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan Make the County attractive for a wide range of economic sectors. Under Goal 1, Strategy I states: Support the development of a 4-year college and other education opportunities that enhance the workforce, provide training and establish the basis for expanded year-round employment.' The City of Moab General Plan was adopted in 2017. The General Plan establishes goals in many areas including economic development, higher education, and affordable housing. Under Economic Development, the City's first listed goal states: Promote a vibrant local economy that supports the unique quality of life and character of Moab. Under Housing, the City's second listed goals state: Implement a housing strategy that meets the needs of current residents, anticipates growth in housing demand, promotes a cohesive small-town environment and supports a high quality of life. Promote strategies that improve the ability of all Moab residents to have access to affordable, quality housing. Clearly, this Project Area Plan that is centered around the USU Campus development, is consistent with the County's and City's General Plans. 8. IF APPLICABLE, DESCRIBE HOW THE PROJECT AREA WILL REDUCE OR ELIMINATE BLIGHT [17C-5-105(6)] Not applicable. 9. DESCRIPTION OF ANY SPECIFIC PROJECT OR PROJECTS THAT ARE THE OBJECT OF THE PROPOSED COMMUNITY REINVESTMENT [17C-5-105(7)] The Project area will include the development of a USU campus facility within the Project Area. This is the main centerpiece of the Plan and the Agency hopes to utilize a portion of the tax increment received by the Agency to provide for infrastructure improvements for the USU campus and surrounding development. In addition, the County conducted a market study in order to better understand the potential development that might surround the Campus. This market study foresees the development of between 500-600 residential units (approximately 80 percent primary homes), 10,000 square feet of retail 3 Grand County General Plan 2012, 38-39. Zions Public Finance, Inc. I October 2018 14 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 space, and 4,500 square feet of office space. None of the projections in the market study are related to specific projects yet identified but are intended as general guidelines for the projection of tax increment in the Project Area. 10. HOW PARTICIPANTS WILL BE SELECTED [17C-5-105(8)] A. SELECTION OF PRIVATE DEVELOPERS The Agency contemplates that owners of real property within the Project Area will take advantage of the opportunity to develop their property, or sell their property to developers for the development of facilities within the Project Area. In the event that owners do not wish to participate in the development in compliance with the Plan, or in a manner acceptable to the Agency, or are unable or unwilling to appropriately participate, the Agency reserves the right pursuant to the provisions of the Act to acquire parcels (not through eminent domain), to encourage other owners to acquire other property within the Project Area, or to select non -owner developers by private negotiation, public advertisement, bidding or the solicitation of written proposals, or a combination of one or more of the above methods. B. IDENTIFICATION OF DEVELOPERS WHO ARE CURRENTLY INVOLVED IN THE PROPOSED COMMUNITY REINVESTMENT Utah State University has currently been identified to pursue development of an educational facility in the Project Area. If no owner in the Project Area, as described in Subparagraph A above, who possesses the skill, experience and financial resources necessary to become a developer in the Project Area is willing or able to become a developer of all or part of the Project Area, the Agency may identify other qualified persons who may be interested in developing all or part of the Project Area. Potential developers may be identified by one or more of the following processes: (1) public solicitation, (2) requests for proposals (RFP), (3) requests for bids (RFB), (4) private negotiation, or (5) some other method of identification approved by the Agency. The Agency has not entered into nor does it intend to enter into any owner participation agreements or agreements with developers to develop all or part of the Project Area until after this Plan is adopted. 11. REASONS FOR THE SELECTION OF THE COMMUNITY REINVESTMENT PROJECT AREA [17C-5-105(9)] The Project Area was selected by the Agency as that area surrounding the potential USU campus development as having an opportunity to develop and generate tax increment that will enable the development of the campus, including necessary infrastructure improvements in the area. The Project Area contains a portion of the County that is desirable for mixed -use development because of: (1) its accessible location to the USU campus development; (2) the opportunity to attract Zions Public Finance, Inc. I October 2018 15 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 CM complementary development in the downtown area of Moab; and (3) the desire of the County and City to maximize the positive economic benefits associated with the proposed USU campus development. Specific boundaries of the Project Area were arrived at by the Agency after a review of the area by members of the Agency, County staff, City staff, economic development consultants, and other technical and legal consultants. Planned treatment of this area is intended to stimulate development to the degree necessary for sound long-term growth in the Project Area and to encourage the development of the USU campus and other real property located within the Project Area. Finally, development of the Project Area with a higher -education facility is an important element in the County's General Plan. 12. DESCRIPTION OF THE PHYSICAL, SOCIAL AND ECONOMIC CONDITIONS EXISTING IN THE AREA [17C-5-105(10)] A. PHYSICAL CONDITIONS The Project Area consists of approximately 729.28 acres located along Highway 191 between Holyoak Lane and Spanish Trail Road, and includes the properties lying within the boundaries as depicted on the Project Area map which is included in Appendix A. Approximately 119.14 acres are dedicated for roads. The majority of the Project Area is exempt or commercial. The Project Area has 131.95 acres of vacant land and nearly 200 acres of exempt land, much of which is exempt land owned by the State of Utah. TABLE 2: LAND USE IN PROJECT AREA Land Use Acres Percent of Total Acreage Percent of Parcel Acres Exempt 197.76 27% 32% Commercial 196.67 27% 32% Vacant 131.95 18% 22% Residential 51.34 7% 8% Utility/Utility Easement 32.29 4% 5% Subtotal 610.02 84% 100% Non -Parcel Acres Roads 119.14 16% Subtotal 119.14 16% Total 729.28 100% B. SOCIAL CONDITIONS Currently, the Project Area has 25 residential parcels with approximately 43 units. According to the American Community Survey (2016), the average household size in Moab is 2.59 persons; therefore, the estimated population in the Project Area is 111 persons, with a population density of 0.15 persons per acre. 4 No unusual social conditions were found to exist. The Project Area Plan will bring consumers and 4 111 persons / 719.28 parcel acres = 0.15 persons per acre Zions Public Finance, Inc. I October 2018 16 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© visitors from all over the region to the Project Area for education, shopping, lodging and employment. It will also provide for residential development. This will encourage a diverse population within the Project Area. It is anticipated, therefore, that the Project Area will add to the community's economy, quality of life, and reputation. C. ECONOMIC CONDITIONS There are currently 80 commercial parcels in the Project Area, totaling approximately 196.67 acres and 256,005 building square feet. Much of the land in the Project Area is either vacant tax-exempt land owned by the State of Utah or other vacant land. Because of these conditions, a relatively small amount of property tax revenues is currently generated from the Project Area. 13. FINANCIAL ASSISTANCE ANTICIPATED TO BE OFFERED TO A PARTICIPANT [17C-5- 105(11)] The Agency intends to use property tax increment generated within the Project Area to pay part of the costs associated with development of the Project Area. The Agency intends to negotiate and enter into one or more inter -local agreements with Grand County, Grand County School District, Moab Mosquito Abatement District, Grand County Cemetery Maintenance District, Moab Valley Fire Protection District and Grand County Water Conservancy District to secure receipt of a portion of the property tax increment generated within the Project Area that would otherwise be paid to those taxing entities. Collectively, those tax revenues may be used to reimburse a private developer for a portion of the cost of the public infrastructure improvements including interest and bonding costs or for other uses as authorized by the Act. Subject to the provisions of the Act, the Agency may agree to pay for eligible development costs and other items from such tax revenues for any period of time the Agency and the taxing entities may deem appropriate under the circumstances. Detailed tax increment information and projections are provided in the Project Area Budget. 14. RESULTS OF THE PUBLIC BENEFIT ANALYSIS [17C-5-105(12)] Section 1 — The Benefit of Any Financial Assistance or Other Public Subsidy Proposed to be Provided by the Agency: A. AN EVALUATION OF THE REASONABLENESS OF THE COSTS OF THE PROPOSED PROJECT AREA DEVELOPMENT It is estimated that approximately $5.1 million will be available to the Agency for projects, after administrative costs and the required housing allocation. In comparison, the Project Area Budget anticipates $124 million of private investment — a ratio of 21:1 of private to public investment. This appears reasonable based on other similar development projects. Zions Public Finance, Inc. I October 2018 17 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© B. EFFORTS TO MAXIMIZE PRIVATE INVESTMENT The Agency will make great efforts to maximize private investment in the area. The market analysis anticipates development of between 500 and 600 residential units in the Project Area over the next 20 years, as well as 10,000 square feet of retail and 4,500 square feet of office space. The Agency also anticipates that this project will create a significant number of new jobs at the USU campus. The wages paid for these jobs will then be re -spent, by the private sector, in the local and regional economies that will bring benefits to private businesses in the area. This project will significantly increase taxable value from the current taxable value in the Project Area of $38.2 million to an anticipated $162.2 million over the next 20 years — an increase of nearly $124 million. The Project Area is currently generating $409,865 annually in property tax revenues; it is projected to generate over 4 times that amount annually at the end of 20 years — or approximately $1.7 million a year. C. RATIONALE FOR USE OF PROJECT AREA FUNDS The development around the USU Moab campus will not take place, in the near future and in the manner desired by the County and the City, without some form of public assistance. The cost of campus construction, along with utilities, roads and other infrastructure is simply too steep to be feasible. This Plan follows the pattern set forth in other tax increment areas in the State that center around a higher - education campus, such as the Brigham City USU campus. D. ESTIMATE OF TOTAL PROJECT AREA FUNDS AND LENGTH OF TIME OF PROJECT AREA Project area funds are expected to be disbursed to the Agency for a period of 20 years and are anticipated to be approximately $6.0 million over the 20-year period, with a net present value of $3.7 million. A year - by -year analysis of funds disbursed to the Agency is provided in the Project Area Budget. TABLE 3: TOTAL AND NET PRESENT VALUE OF INCREMENTAL TAX REVENUES TO AGENCY FOR 20-YEAR PERIOD Incremental Taxes to Agency Percent to Agency Tax Rate Total Years 1-20 NPV* Years 1-20 Grand County Grand County School District Moab City Moab Mosquito Abatement District Grand County Cemetery Maintenance District Moab Valley Fire Protection District 50% 0.002807 $1,662,883 $977,004 Years 1-5: 100% Years 6-10: 75% Years 11-15: 50% 0.006945 $3,781,268 $2,433,224 Years 16-20: 25% N/A 0 $0 50% 0.000216 $127,960 Years 1-5: 100% Years 6-10: 75% Years 11-15: 50% Years 16-20: 25% Years 1-5: 100% Years 6-10: 75% Years 11-15: 50% Years 16-20: 25% 0.000221 0.000531 $0 $75,181 $120,325 $77,429 $289,108 $186,039 Zions Public Finance, Inc. I October 2018 18 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan Incremental Taxes to Agency Grand County Water Conservancy District Percent to Agency ©0 Tax Rate Total Years 1-20 NPV* Years 1-20 0% 0.00000 $0 $0 TOTAL *Net present value discounted at a rate of 4 percent. 0.010720 $5,981,544 $3,748,877 Section 2 — The Anticipated Public Benefit Derived from the Proposed Project Area Development A. BENEFICIAL INFLUENCES ON THE COMMUNITY'S TAX BASE The property tax base of the taxing entities should increase by approximately $124 million through the residential and commercial development projected in the Project Area. This increased tax base will result in projected incremental taxes (net of amounts paid to the Agency) as follows: TABLE 4: COMPARISON OF EXISTING ANNUAL REVENUES AND INCREMENTAL ANNUAL REVENUES AFTER 20 YEARS Current Revenues (over 20 year -period with no additional development) Total (Base and Incremental) Revenues After 20 Years Grand County $107,322 $455,297 Grand County School District $265,533 $1,126,483 Moab City Moab Mosquito Abatement District $8,258 $35,035 Grand County Cemetery Maintenance District $8,450 $35,846 Moab Valley Fire Protection District $20,302 $86,128 Grand County Water Conservancy District $0 $0 TOTAL $409,865 $1,738,790 In addition to property tax revenues, the project will generate other revenues including sales tax, Class B/C Road Funds, business license fees, charges for services, and one-time fees such as building permits and impact fees. B. ASSOCIATED BUSINESS AND ECONOMIC ACTIVITY STIMULATED BY THE DEVELOPMENT Other business and economic activity likely to be stimulated includes local business, employee, and construction expenditures. There are significant opportunities for increased economic development and tax generating development that can occur within the immediate sphere of influence of the Project Area that otherwise may not occur in a timely basis or at the same level of increased development and private investment. 1. BUSINESS AND EMPLOYEE EXPENDITURES It is anticipated that employees and business owners in the Project Area will directly or indirectly purchase local goods and services related to their operations from local or regional suppliers. These purchases will Zions Public Finance, Inc. I October 2018 19 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© likely increase employment opportunities in the related areas of business equipment, furniture and furnishings, business supplies, computer equipment, communication, security, transportation and delivery services, maintenance, repair and janitorial services, packaging supplies, office and printing services, transportation and delivery services. A summary of benefits is as follows: • Establish an institution of higher education in the County, thus increasing workforce training, job creation and wages paid. • Provide an increase in direct purchases in the City and County. • Provide economic diversification within the City and County. • Encourage economic development in order for a public or private employer to create additional jobs in the community. • Complement existing businesses and industries located within the City and County through the new employees hired who may live and shop and pay taxes in the region. • Another benefit will be the expenditure of income by employees filling the new positions, including the jobs created at the USU Campus. The types of expenditures by employees in the area will likely include convenience shopping for personal and household goods, lunches at area restaurants, convenience purchases and personal services (haircuts, banking, dry cleaning, etc.) The employees will not make all of their convenience or personal services purchases near their workplace, and each employee's purchasing patterns will be different. However, it is reasonable to assume that a percentage of these annual purchases will occur within close proximity to the workplace (assuming the services are available). 2. CONSTRUCTION EXPENDITURES Economic activity associated with the development will include construction activity. Construction costs for the USU campus will be significant, plus an additional investment of nearly $124 million in residential and commercial development. Generally, construction labor accounts for 40 percent of total costs, with supplies accounting for 40 percent, and overhead accounting for the remaining 20 percent. C. ADOPTION OF THE PLAN IS NECESSARY AND APPROPRIATE TO UNDERTAKE THE PROJECT AREA PLAN Adoption of the Plan is necessary and appropriate to undertake the Project Area Plan because: 1) The Plan conforms with and furthers the County's General Plan; 2) private investment will increase the tax base by approximately $124 million which will provide increased tax revenues to all taxing entities; 3) the USU campus will provide a significant number of new jobs in the community; and 4) the Project Area Plan provides for improvement of the health and well-being of the community through educational development and opportunities. Zions Public Finance, Inc. I October 2018 20 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 15. IF APPLICABLE, STATE THAT THE AGENCY SHALL COMPLY WITH SECTION 9-8-404 [17C-5-105(13)] The Agency shall comply with Utah Code §9-8-404 and §17C-5-106 if any of the existing buildings or uses in the Project Area are included in, or eligible for, inclusion in the National Register of Historic Places or the State Register and the Agency spends funds on the demolition or rehabilitation of such buildings or uses. At the present time the Agency is not aware of, and has no intention of spending Agency funds on the demolition or rehabilitation, of such buildings or uses. 16. STATE WHETHER THE PLAN IS SUBJECT TO A TAXING ENTITY COMMITTEE OR AN INTERLOCAL AGREEMENT [17C-5-105(14)] This Plan is subject to Interlocal Agreements. Zions Public Finance, Inc. I October 2018 21 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 ©© APPENDIX A: PROJECT AREA MAP AND LAYOUT OF PRINCIPAL STREETS - Roads •' Moab ti• OSouth Moab CRA CRA_Parcels_080918 Zions Public Finance, Inc. I February 24, 2017 LL Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan APPENDIX B: LEGAL DESCRIPTION AND PARCEL LIST SOUTH MOAB CRA BOUNDARY ©0 BEGINNING AT NORTHWEST CORNER OF PARCEL 02-0XST-0026 SAID POINT ALSO BEING THE NORTH QUARTER CORNER OF SECTION 18, TOWNSHIP 26 SOUTH, RANGE 22 EAST, SALT LAKE BASE AND MERIDIAN; THENCE SOUTH 0°30' WEST ALONG THE WEST LINE OF SAID PARCEL 313.08 FEET TO THE NORTHWEST CORNER OF PARCEL 02-0018-0010; THENCE SOUTH 0°14'09" WEST ALONG THE WEST LINE OF SAID PARCEL 349.96 FEET TO THE NORTHWEST CORNER OF PARCEL 02-0018-0012; THENCE SOUTH 0°22'56" WEST ALONG THE WEST LINE OF SAID PARCEL 653.18 FEET TO THE SOUTHWEST CORNER OF SAID PARCEL; THENCE SOUTH 0'20'02" WEST 526.22 FEET TO THE NORTHERLY LINE OF THE MID-AMERICAN PIPELINE EASEMENT; THENCE ALONG THE NORTH LINE OF SAID EASEMENT THE FOLLOWING 10 COURSES: 1) SOUTH 48°46' EAST 1091.29 FEET, 2) SOUTH 45°26'38" WEST 20.54 FEET, 3) SOUTH 53°33' EAST 27.15 FEET, 4) SOUTH 18°43' EAST 36.04 FEET, 5) SOUTH 53°17' EAST 2072.80 FEET, 6) SOUTH 49°42'56" EAST 241.95 FEET, 7) SOUTH 53°17' EAST 991.93 FEET, 8) SOUTH 50°17' EAST 50.69 FEET, 9) SOUTH 18°17' EAST 179.40 FEET, 10) SOUTH 61°14' EAST 774.96 FEET TO THE SOUTH BOUNDARY LINE OF PARCEL 01-0017- 0009; THENCE SOUTH 89°56'59" EAST ALONG SAID BOUNDARY LINE 1059.73 FEET TO SOUTH QUARTER CORNER OF SECTION 17, TOWNSHIP 26 SOUTH, RANGE 22 EAST, SALT LAKE BASE AND MERIDIAN; THENCE NORTH 89°17'28" EAST ALONG SOUTH LINE OF SECTION 17 415.77 FEET TO THE NORTHWEST CORNER OF PARCEL 02-0020-0079; THENCE SOUTH 37°51'52" EAST ALONG THE WEST LINE OF THE FOLLOWING 14 PARCELS: 1) 02-0020-0079, 2) 02-0020-0008, 3) 02-0020- 0009, 4) 02-0020-0010, 5) 02-0020-0011, 6) 02-0020-0012, 7) 02-0020-0012, 8) 02-ROC-0005, 9) 02-0020-0016, 10) 02-0020-0017, 11) 02-0020-0019, 12) 02-0020-0020, 13) 02-0020-0100, 14) 02-0020-0021 3911.97 FEET TO THE SOUTH CORNER OF PARCEL 02-0020-0021; THENCE NORTH 52°08' EAST 396.00 FEET TO THE EAST CORNER OF PARCEL 02-0020-0021; THENCE NORTH 50°41'46" EAST 377.53 FEET TO THE WEST CORNER OF PARCEL 02-06RA-0001 IN THE BRANDING IRON SUBDIVISION; THENCE SOUTH 37°53' EAST 263.92 FEET TO THE SOUTH CORNER OF SAID PARCEL; THENCE NORTH 52°09'37" EAST 299.59 FEET TO THE EAST CORNER OF PARCEL 02-0BRA- 0002 IN THE BRANDING IRON SUBDIVISION; THENCE NORTH 38°41' WEST 264.00 FEET TO THE NORTH CORNER OF SAID PARCEL; THENCE NORTH 52°05'03" EAST 100.10 FEET TO THE EAST CORNER OF PARCEL 02-0021-0055; THENCE NORTH 37°52' WEST ALONG THE EAST LINE OF THE FOLLOWING 7 PARCELS: 1) 02-0021-0055, 2) 02-0021-0056, 3) 02-0021-0057, 4) 02-0021-0115, 5) 02-0020-0003, 6) 02-0021-0058, 7) 02-0020-0005 1743.55 FEET TO THE EAST LINE OF SECTION 20, TOWNSHIP 26 SOUTH, RANGE 22 EAST, SALT LAKE BASE AND MERIDIAN; THENCE NORTH 0°00'18" WEST ALONG SAID SECTION LINE 634.04 FEET TO THE NORTH CORNER OF PARCEL 02- 0020-0002; THENCE NORTH 2°27'34" WEST 376.01 FEET TO THE SOUTHEAST CORNER OF THE MCKNIGHT PROPERTIES INDUSTRIAL SUBDIVISION; THENCE NORTH 0°02' EAST ALONG THE EAST LINE OF SAID SUBDIVISION 1327.90 FEET TO THE NORTHEAST CORNER OF SAID SUBDIVISION; THENCE SOUTH 89'17'25" WEST ALONG THE NORTH LINE OF SAID SUBDIVISION 53.48 FEET TO Zions Public Finance, Inc. I February 2018 23 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan THE EAST LINE OF CLARK MINOR SUBDIVISION; THENCE ALONG SUBDIVISION THE FOLLOWING 8 COURSES: 1) NORTH 0°00'06" WEST 87.42 FEET, 2) NORTH 30°37' WEST 64.69 FEET, 3) NORTH 0°02' EAST 489.29 FEET, 4) EAST 33.00 FEET, 5) NORTH 0°02' EAST 610.85 FEET, 6) NORTH 68°30'59" WEST 139.81 FEET, 7) SOUTH 89°11'08" WEST 1191.98 FEET TO THE NORTHWEST CORNER, NORTHEAST QUARTER, SOUTHEAST QUARTER, OF SAID SECTION; 8) SOUTH 0°03'31" WEST 1312.59 FEET TO THE SOUTHWEST CORNER, NORTHWEST QUARTER, SOUTHEAST QUARTER, OF SAID SECTION; THENCE NORTH 88°03'28" WEST ALONG THE NORTH LINE OF THE MCKIGHT PROPERTIES INDUSTRIAL SUBDIVISION 404.43 FEET TO THE NORTHWEST CORNER OF SAID SUBDIVISION; THENCE NORTH 87°48'05" WEST 531.88 FEET TO THE SOUTHEAST CORNER OF PARCEL 02-0017-0145; THENCE NORTH 0°08' WEST ALONG THE EAST LINE OF SAID PARCEL 245.00 FEET TO THE NORTHEAST CORNER OF SAID PARCEL; THENCE SOUTH 88°12'16" WEST ALONG THE NORTH LINE OF SAID PARCEL 142.04 FEET TO THE SOUTHEAST CORNER OF PARCEL 02-0017-0015; THENCE NORTH 187.00 FEET ALONG THE EAST LINE OF SAID PARCEL TO THE NORTHEAST CORNER OF SAID PARCEL; THENCE WEST ALONG THE NORTH LINE OF SAID PARCEL 198.00 FEET TO THE NORTHWEST CORNER OF SAID PARCEL; THENCE NORTH 72°42'10" WEST 81.97 FEET TO THE SOUTH CORNER OF PARCEL 02-0127-0120; THENCE NORTH ALONG THE EAST LINE OF SAID PARCEL 712.30 FEET TO THE SOUTHEAST CORNER OF PARCEL 02-0017-0119; THENCE NORTH 0°13'25" EAST ALONG THE EAST LINE OF SAID PARCEL 335.43 FEET TO THE SOUTHEAST CORNER PARCEL 02-0017-0121; THENCE NORTH 0°15'42" EAST ALONG THE EAST LINE OF SAID PARCEL 292.89 FEET TO THE SOUTH CORNER OF PARCEL 02-0017-0130; THENCE NORTH 37°52'00" WEST ALONG THE SOUTHWEST LINE OF SAID PARCEL 330.60 FEET TO THE NORTH CORNER OF PARCEL 02-0017-0122; THENCE SOUTH 52°08' WEST ALONG THE NORTH LINE OF SAID PARCEL 429.00 FEET TO THE EAST CORNER OF PARCEL 02-0017-0116; THENCE NORTH 37°52'35" WEST ALONG THE EAST LINE OF THE FOLLOWING 4 PARCELS: 1) 02-0017-0116, 2) 02- 0017-0115, 3) 02-0017-0114, 4) 02-0017-0113 908.58 FEET TO A CORNER OF PARCEL 02-0017- 0113; THENCE NORTH 54°08' EAST ALONG SAID PARCEL 100.80 FEET; THENCE NORTH 89°49'02" WEST ALONG THE NORTH LINE OF SAID PARCEL 256.73 FEET TO THE NORTHWEST CORNER OF THE SOUTHEAST QUARTER, NORTHWEST QUARTER, SECTION 17, TOWNSHIP 26 SOUTH, RANGE 22 EAST, SALT LAKE BASE AND MERIDIAN; THENCE NORTH 0°36'36" WEST ALONG THE EAST LINE OF PARCEL 02-0017-0097 1311.96 FEET TO THE NORTHEAST CORNER OF THE NORTHWEST QUARTER, NORTHWEST QUARTER, OF SAID SECTION; THENCE SOUTH 89°23'24" WEST ALONG THE NORTH LINE OF SAID SECTION 1311.96 FEET TO THE NORTHWEST CORNER OF SAID SECTION; THENCE ALONG PARCEL 02-0007-0003 THE FOLLOWING 4 COURSES: 1) NORTH 0°06'33" EAST 260.70 FEET, 2) NORTH 28°44'23" WEST 163.56 FEET, 3) SOUTH 84°34'24" WEST 159.09 FEET, 4) NORTH 1°48'24" EAST 126.43 FEET; THENCE NORTH 76°00'45" WEST 254.75 FEET TO THE EAST BOUNDARY LINE OF PARCEL 02-0007-0001; THENCE ALONG SAID PARCEL THE FOLLOWING 8 COURSES: 1) NORTH 1°13'00" EAST 14.22 FEET, 2) NORTH 2°44'34" WEST 29.58 FEET, 3) NORTH 87°37' WEST 157.10 FEET, 4) NORTH 0'12'24" EAST 77.64 FEET, 5) NORTH 89°43'20" WEST 208.27 FEET, 6) NORTH 0°29'56" EAST 84.89 FEET, 7) SOUTH 89°29'57" WEST 327.94 FEET, 8) NORTH 0°29'10" EAST 152.48 FEET TO THE NORTHEAST CORNER OF PARCEL 02-0007-0005; THENCE NORTH 89°29'48" WEST ALONG THE NORTH LINE 02-0007-0005 176.47 FEET TO THE EAST Zions Public Finance, Inc. I February 2018 24 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan BOUNDARY CORNER OF PARCEL 02-0007-0153; THENCE ALONG SAID PARCEL THE FOLLOWING 2 COURSES: 1) NORTH 89°30' WEST 3.50 FEET, 2) NORTH 0°54' EAST 362.90 FEET; THENCE SOUTH 89°56'12" WEST ALONG THE NORTH LINE OF THE FOLLOWING 5 PARCELS: 1) 02-0007-0153, 2) 02-0007-0032, 3) 02-0007-0129, 4) 02-0007-0159, 5) 02-0007-0160 1128.53 FEET TO THE NORTHWEST CORNER OF PARCEL 02-0007-0160; THENCE SOUTH 11°41'25" EAST 284.50 FEET TO THE NORTHWEST CORNER OF PARCEL 02-0007-0039; THENCE NORTH 69°33'34" WEST 41.54 FEET TO THE NORTHEAST CORNER OF PARCEL 02-0007-0037; THENCE NORTH 65°39' WEST 220.30 FEET TO THE NORTHWEST CORNER OF SAID PARCEL; THENCE NORTH 32°35'57" WEST 23.39 FEET TO THE NORTHEAST CORNER OF PARCEL 02-0007-0090; THENCE ALONG SAID PARCEL THE FOLLOWING 7 COURSES: 1) NORTH 65°39' WEST 410.56 FEET, 2) SOUTH 63.05 FEET, 3) SOUTH 53°54' WEST 22.65 FEET, 4) SOUTH 89°45' WEST 177.00 FEET, 5) SOUTH 88°41' WEST 91.32 FEET, 6) SOUTH 0°35'43" EAST 1273.52 FEET TO THE SOUTHWEST CORNER; 7) EAST 660.00 FEET TO THE POINT OF BEGINNING. Zions Public Finance, Inc. I February 2018 25 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan Parcel ID Note Legal Description Taxable Value Acres 01-0007- 0009 TRACT #2 BEG AT POINT WHICH BEARS N 716.2 FT & W 1099.5 FT FROM E1/4 COR SEC 7 T26S R22E; & S 30°33'E 213.2 FT TO POINT OF TRUE BEG. & PROC N 76°33'E 213.2 FT; S 30°33'E 213.2 FT; S 76°33'W 213.2 FT; N 30°33'W 213.2 FT TO BEG 1.00 AC $62,500 1.97 01-0017- 0001 LOT 43; SEC 17 T26S R22E ----LESS THE ROAD (.61) TOTAL 1.43 AC $94,682 1.47 01-0017- 0002 LOTS 41; 42; SEC 17 T26S R22E-- LESS PARCEL TO LATHROM DESCRIBED AS FOLLOWS: BEG AT A POINT ON THE NORTH LINE OF SEC 17; SAID POINT BEAR S 89°52'00"E 658.7 FT FROM THE NW CORNER SEC 17 T26S R22E; SLM; AND PROC THENCE WITH SAID LINE S 89°52'00"E 250.4 FT; THENCE S 15.6 FT TO A FENCE; THENCE WITH SAID N 89°07'29"W 122.9 FT; THENCE WITH A FENCE N88°19'25"W 127.6 FT; THENCE NORTH 10.0 FT TO POB. 0.076 AC TOGETHER WITH AN ACCESS EASEMENT FOR INGRESS AND EGRESS OVER AND ACROSS LOT 43 SEC 17 T26S R22E; SLM. TOTAL 4.89 AC $323,772 4.86 01-0017- 0003 SEC 17 T26S R22E LOT 45; LOT 46; LOT 55 OF THE GOVERNMENT SMALL TRACTS 9.03 AC LESS 0.24 AC± FOR THE ROAD $511,655 8.32 01-0017- 0004 LOT 56 SEC 17 T26S R22E SLM; THAT IS LYING EAST OF THE CENTERLINE OF US HWY 191 AND EAST CENTERLINE OF MILLCREEK DRIVE. $232,166 2.62 01-0017- 0005 LOT 65 SEC 17 T26S R22E $275,854 3.47 01-0017- 0006 LOTS 63; 64 SEC 17 T26S R22E SLB&M 3.29 AC± $139,299 0.70 01-0017- 0008 't* LOT 5 SEC 17 T26S R22E 34.06 AC $1,442,112 27.21 01-0017- 0008 't* LOT 5 SEC 17 T26S R22E 34.06 AC $0 2.70 01-0017- 0009 *** LOTS 34 35 & 36 SEC 17 T26S R22E SLB&M 108.40 AC M-O-L $0 22.28 01-0017- 0009 *** LOTS 34 35 & 36 SEC 17 T26S R22E SLB&M 108.40 AC M-O-L $0 24.71 01-0017- 0009 *** LOTS 34 35 & 36 SEC 17 T26S R22E SLB&M 108.40 AC M-O-L $0 26.81 01-0017- 0009 *** LOTS 34 35 & 36 SEC 17 T26S R22E SLB&M 108.40 AC M-O-L $0 2.86 01-0017- 0009 *** LOTS 34 35 & 36 SEC 17 T26S R22E SLB&M 108.40 AC M-O-L $0 0.11 01-0017- 0009 *** LOTS 34 35 & 36 SEC 17 T26S R22E SLB&M 108.40 AC M-O-L $0 2.18 01-0017- 0009 *** LOTS 34 35 & 36 SEC 17 T26S R22E SLB&M 108.40 AC M-O-L $0 2.03 26 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 01-0018- 0001 ** SIANEIANE'/4 SEC 18 T26S R22E SLBM: *** PARCEL B: BEG AT A POINT 593.6 FT W OF TH E NE COR SEC 18 T26S R22E SLBM; TH S 0°03'W 660.25 FT; E 66 FT; N 0°03'E 597.53 FT; N 46°26'W 91.01 FT TO POB. TOTAL 20.95 AC $0 0.96 01-0018- 0001 ** S'/2NEY4NE% SEC 18 T26S R22E SLBM: *** PARCEL B: BEG AT A POINT 593.6 FT W OF TH E NE COR SEC 18 T26S R22E SLBM; TH S 0°03'W 660.25 FT; E 66 FT; N 0°03'E 597.53 FT; N 46°26'W 91.01 FT TO POB. TOTAL 20.95 AC $0 18.26 01-0018- 0001 ** SIANEIANE% SEC 18 T26S R22E SLBM: *** PARCEL B: BEG AT A POINT 593.6 FT W OF TH E NE COR SEC 18 T26S R22E SLBM; TH S 0°03'W 660.25 FT; E 66 FT; N 0°03'E 597.53 FT; N 46°26'W 91.01 FT TO POB. TOTAL 20.95 AC $0 0.60 01-0018- 0001 ** SIANEIANE'/4 SEC 18 T26S R22E SLBM: *** PARCEL B: BEG AT A POINT 593.6 FT W OF TH E NE COR SEC 18 T26S R22E SLBM; TH S 0°03'W 660.25 FT; E 66 FT; N 0°03'E 597.53 FT; N 46°26'W 91.01 FT TO POB. TOTAL 20.95 AC $0 0.11 01-0018- 0001 ** SY2NE'/NE'/4 SEC 18 T26S R22E SLBM: *** PARCEL B: BEG AT A POINT 593.6 FT W OF TH E NE COR SEC 18 T26S R22E SLBM; TH S 0°03'W 660.25 FT; E 66 FT; N 0°03'E 597.53 FT; N 46°26'W 91.01 FT TO POB. TOTAL 20.95 AC $0 0.84 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 6.58 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 25.51 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 33.32 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 0.39 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 1.64 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 1.89 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 24.84 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 2.68 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 0.22 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 3.43 01-0018- 0002 ** SENW; S1/2NE; N1/2SE; SESE; 237.42 AC $0 0.31 02-0007- 0001 BEG AT A PT WHICH BEARS N 662.87 FT AND W 1174.00 FT FROM THE SE COR SEC 7 T26S R22E SLM; $273,571 5.17 27 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres TH N 0°30'E 283.4 FT TO NE CORNER FRANCIS PARCEL TH S 89°30'28"E 32.59 FT; TH S 0°29'51 "W 74.85 FT; N 89°29'58"E 295.33 FT; TH S 0°29'56"W 167.67 FT; TO SW COR OF DECKER PARCEL TH S 89°43'20"E 208.27 FT; S 0°12'24"W 77.64 FT; TO SW COR OF GWINN TH S 87°37'E 157.1 FT; TH S 2°44'34"E 29.58 FT; TH S 1 °13'W 413.2 FT TH FOLLOWING HWY R-O-W ALONG A 6466.3 FT RADIUS CURVE TO THE LEFT APPROX. 839.62 FT (CHORD BEARS N 54°45'33"W 839.77 FT) TO PT OF BEG. 5.39 AC M-O-L BEG AT SE COR SEC 7 T26S R22E THENCE N89°58'W 287.9 FT TO R-O-W OF HWY 191 TH WITH SAID R-O-W ALONG THE ARC OF A 6466.3 FT RADIUIS CURVE TO THE LEFT 264.7 FT (CHORD BEARS N49°09'W 264.7 FT); THENCE N 1°13'E 413.2 FT; S 75°24'E 259.3 FT; S2°25'W 127.3 FT; N85°11'E 160.0 FT; S28°10'E 164.5 02-0007- FT TO E LN SE% SEC 7; TH S 0°44'W 262.4 FT TO POB. 0003 4.86 AC $418,353 4.86 BEG COR WHICH BEARS N 947.6 FT & W 1320.9 FT FROM SE COR SEC 7 T26S R22E SLB&M & PROC S 0°30'W 194.8 FT (RECORD 246.8 FT) TO COR N R/W US HWY 191 TO RIGHT S'LY WITH SAID HWY R/W CURVE; CHORD WHICH BEARS S 58°49'E 173.7 FT 02-0007- (RECORD 174.3 FT); N 0°30'E 283.4 FT (RECORD 338 0005 FT) N 89°30'W 149.4 FT POB 0.82 AC $161,578 0.88 BEG POINT WHICH BEARS N 907.9 FT & W 635.2 FT FROM SE COR SEC 7 T26S R22E; PROC N 89°30'W 208.71 FT; S 0°30'W 40.2 FT; N 89°30'W 295.34 FT; N 0°30E 72 FT; S 89°30'E 48.52 FT; N 0°30'E 78 FT; S 89°30'E 302.89 ALONG FENCE LINE TO THE SW COR 02-0007- OF OATES; S79°31'17"E 35.57 FT S 64°50'19"E 130.87 0007 FT ; S 0°30'W 51 FT POB. 1.37 AC $219,792 1.77 BEG 593.6 FT W SE COR SEC 7 T26S R22E; N 51 °50'W 02-0007- ALONG HWY R/W 415.9 FT; S 262.4 FT TO SEC LINE; E 0008 ALONG SEC LINE 333.9 FT POB. 1.13 AC $182,675 1.00 BEG AT A PT WHICH BEARS N 60°10'W 1758.4 FT FROM SE COR SEC 7 T26S R22E SLM & PROC TH WITH THE N'LY R/W US HWY 191 ALNG THE ARC OF A 6466.3 FT RAD CUR TO THE LFT 322.5 FT; TH N 288.1 FT; TH N 89°56'E 287.1 FT; TH S 435.3 FT TO POB & 02-0007- CONT 2.37 AC M-O-L SUB TO A 25' DITCH R/W ASSOC 0032 WITH WATER USER'S CLAIM 05-859 $242,607 2.37 BEG AT POINT WHICH BEARS N 89°58'W 1776.4 FT FROM SE COR SEC 7 T26S R22E SLB&M & PROC N 89°58'W 212.5 FT; N 0°30'E 414 FT; N 89°58'W 190.65 FT; N 0°30'E 190.3 FT; S 89°45'E 116.19 FT; N 308.6 FT TO S'LY R/W HWY 191; TH S65°36'E 37.6 FT; TH WITH SAID R/W TH ALONG A 6266.3 FT RADIUS CURVE TO 02-0007- RIGHT 791.97 FT;(CHR BRG= S61°57'42"E 791.45) TH S 0033 526.2 FT; TO SOUTH LN SAID SEC 7 TH N 89°58'W $137,749 6.26 28 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 238.7 FT TO SE COR OF RYAN HOLYOAK; TH N 204.9 FT TH S 89°57'41"E 206.8 FT; TH N 0°30'E 260.89 FT; N 89°45'W 417.42 FT TH S 0°30'W 466.46 FT TO POB. 8.60 AC MORE OR LESS (APPROX. THE W 26.48 OF THIS PARCEL IS STILL IN THE NAME OF RAY & RUTH C. HOLYOAK; SEE BOOK 438 PG 149-153. THE BEG PT APPEARS TO BE IN ERROR.) BEG AT POINT WHICH BEARS N 19°22'E 645.3 FT FROM THE SlA COR SEC 7 T26S R22E SLBM; TH N 0°30'E 206.7 FT; S 89°45'E 242.3 FT; TH N 3°15'E 140.8 FT TO A COR ON THE S'LY R/W OF US HWY 191; TH WITH SAID R/W S 65°36'E 99.8 FT; TH S 308.6 FT; TH N 02-0007- 89°42'W 142.3 FT; TH N 0°30'E 2.0 FT; TH N 89°45'W 0034 200.7 FT TO THE POB 1.89 AC $461,069 1.85 BEG S 89°45'E 417.42 FT FROM S1/4 COR SEC 7 T26S R22E; TH N 0°30'E 208.71 FT; S 89°45'E 208.71 FT; S 0°30'W 521.79 FT; N 89°45'W 208.71 FT; N 0°30'E 313.08 FT TO POB 2.50 AC SUBJECT TO A R/W 8 FT 02-0007- WIDE PARALLEL AND ADJOINT TO E BNDRY LN 0035 (123/34) $90,000 2.50 BEG AT POINT N 0°30'E 208.71 FT & S 89°45'E 417.42 FT FROM S1/4 COR SEC 7 T26S R22E; TH S 89°45'E 208.71 FT; N 0°30'E 208.71 FT; N 89°45'W 208.71 FT; S 0°30'W 208.71 FT TO POB 1.00 AC SUBJECT TO R/W 02-0007- 8.71 FT WIDE RUNNING NORTH -SOUTH ALNG EAST 0036 BNDRY OF PARCEL (105/594) $60,000 1.00 BEG 948.74 FT N ALONG THE SEC LINE FROM S1/4 COR SEC 7 T26S R22E; TH N ALONG'/4 SEC LINE 215.0 FT TO S BDRY US HWY 160; TH S 65°39'E 02-0007- ALONG SAID R/W 220.3 FT; TH S 215.0 FT; TH N 0037 65°39'W 220.3 FT TO BEG. 1.00 AC $450,532 0.99 BEG S89°58'W 1567.7; N 208.7 FT FROM SE COR SEC 7 T26S R22E; TH N89°58'W 208.7 FT; NO°30'E 260.89 02-0007- FT; N89°49'E 417.42 FT; SO°15'21"W 55.04 FT; 0038 N89°45"W 208.7 FT; S 208.7 FT TO POB. 1.51 AC± $131,673 1.50 BEG ON E SIDE OF A LANE N 815.5 FT & E 229.8 FT FROM THE SlA COR SEC 7 T26S R22E; TH N 2°19'E 243.1 FT TO S R/W HWY 163; TH ALONG R/W S 02-0007- 65°39'E 248.6 FT; TH WITH FENCE LINE S 3°15'W 141.6 0039 FT; N 89°45'W 228.3 FT TO BEG 1.01 AC $382,497 1.01 BEG AT POINT WHICH BEARS N 879.4 FT FROM SY/4 COR SEC 7 T26S R22E SLB&M & PROC TH N 69.4 FT; 02-0007- S 65°39'E 220.3 FT; S 1 °20'E 36.1 FT; N 74°03'W 209.6 0042 FT TO POB 0.24 AC $17,249 0.25 BEG 521.775 FT N 0°30'E OF S'/ COR OF SEC 7 T26S R22E; S 89°45'E 208.71 FT; N 0°30'E 104.355 FT; N 02-0007- 89°45'W 208.71 FT; TH S 0°30'W 104.355 FT TO BEG. 0043 0.50 AC $158,609 0.48 02-0007- BEG AT POINT 417.42 FT & N 0°30'E FROM S1/4 COR 0044 SEC 7 T26S R22E SLBM & RNG TH S 89°45'E 208.71 $85,031 0.48 29 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres FT; N 0°30'E 104.355 FT; N 89°45'W 208.71 FT; S 0°30'W 104.355 FT TO POB 0.50 AC COMM AT POINT N 0°30'E 208.71 FT & S 89°45'E 208.71 FT FROM S1/4 COR SEC 7 T26S R22E & RNG 02-0007- TH S 89°45'E 208.71 FT; N 0°30'E 208.71 FT; N 89°45'W 0045 208.71 FT; S 0°30'W 208.71 FT TO BEG. 1.00 AC $236,675 0.96 BEG AT POINT N 0°30'E 208.71 FT FROM S1/4 COR SEC 7 T26S R22E RNG TH S 89°45'E 208.71 FT; N 02-0007- 0°30'E 208.71 FT; N 89°45'W 208.71 FT; S 0°30'W 208.71 0046 FT TO POB. 1.00 AC $158,915 0.96 BEG AT POINT FROM WHENCE THE 1/4 SEC COR IS COMMON TO SEC 7 T26S R22E & SEC 18 T26S R22E SLM BEARS N 89°45'W 208.7 FT; N 0°30'E 104.3 FT; S 89°45'E 208.7 FT; S 0°30'W 104.3 FT; S 0°30'W 208.7 02-0007- FT; N 89°45'W 208.7 FT; N 0°30'E 208.7 FT TO POB 1.50 0047 AC WATER RIGHT NO 05-274 $89,148 1.50 BEG AT POINT S 89°45'E 208.7 FT & N 0°30'E 104.3 FT FROM S1/4 COR SEC 7 T26S R22E; RNG N 0°30'E 02-0007- 104.41 FT; S 89°45'E 208.7 FT; S 0°30'W 104.41 FT; N 0048 89°45'W 208.7 FT TO BEG. 0.50 AC $40,000 0.50 BEG AT S% COR SEC 7 T26S R22E; TH N 0°30'E 02-0007- 208.71 FT; S 89°45'E 208.71 FT; S 0°30'W 208.71 FT; N 0049 89°45'W 208.71 FT TO BEG. 1.00 AC $60,000 1.00 BEG AT S% COR SEC 7 T26S R22E; TH W ALONG SAID SEC LINE 660 FT; NE'LY TO A PT 1301.39 FT N AND 1950.55 FT E OF THE SW COR SEC 7 TH N 88°41'E 91.32 FT; TH N 89°45'E 177 FT; N 53°54'E 22.65 FT; N 63.05 FT TO S LINE U.S. HWY 160 R/W; S 65°39'E ALONG SAID R/W TO E LINE SE'/4SW1/4 SEC 7; TH S ALONG SAID 40 AC LINE TO POB 19.71 AC -\- SUBJECT TO A STORM DRAINAGE RETENTION BASIN ESMNT BEG AT A PT WHICH BEARS N 33°33'W 129.4 FT S'/4COR SEC 7 T26S R22E & PROC TH S 86°00'W 02-0007- 375.0 FT; N 4°00'W 250.0 FT; N 86°00'E 375.0 FT S 0090 4°00'E 250.0 FT TP BEG $366,323 19.75 BEG AT COR ON N'LY R/W OF HWY 191 SAID COR BEARS N 60°35'W 2080.1 FT FROM SE COR SEC 7 T26S R22E SLB&M & PROC WITH SAID R/W ALONG A 6466.3 FT RADIUS CURVE TO LEFT 142 FT; (CHORD BEARS N 64°58'W 142.0 FT) TH N 65°36'W 66.0 FT; N 02-0007- 200.6 FT; N 89°56'E 188.8 FT; S 288.1 FT TO POB 1.06 0129 AC $767,251 1.05 BEG N 89°58'W 1567.7 FT FROM SE COR SEC 7 T26S R22E; TH N 417.4 FT; S 89°58'E 208.7 FT; S 417.4 FT; N 89°58'W 208.7 FT TO POB 2.00 AC± SUBJECT TO AN 02-0007- EASEMENT FOR INGRESS AND EGRESS HOLYOAK 0134 EXEMPTION EN 445627 BK 522 PG 438 $130,488 1.89 BEG N89°58'W 1567.7 FT FROM SE COR SEC 7 T26S 02-0007- R22E; TH N89°58'W 420.6 FT; NO°30'E 208.7 FT; 0150 S89°58'E 418.7 FT; S 208.7 FT TO POB. 2.01 AC± $134,427 1.88 30 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 02-0007- 0152 BEG AT A PT WHICH BEARS N 27°01'E 467.4 FT FROM THE S Y4 COR SEC 7 T26S R22E AND TH N 0°30'E 192.3 FT; TH S 89°45'E 200.7 FT; TH S 0°30'W 2.0 FT; TH S 89°42'E 26.1 FT; TH S 0°30'W 190.3 FT; TH N 89°45'W 226.8 FT TO THE POB AND CONT 1.0 AC M-0- L $180,775 0.96 02-0007- 0153 BEG AT A PT WHICH BRS N 60°10'W 1758.4 FT FROM THE SE COR SEC 7 T26S R22E SLM & PROC TH N 435.3 FT; TH N 89°56'E APPROX 212.1 FT TO THE E LN OF HOLYOAK; TH WITH SAID LINE S 0°54'W 362.9 FT; TH S 89°30'E 3.5 FT; TH S 0°30'W 193.0 FT TO THE N'LY RW. OF US HWY 191; TH WITH R/W APPROX 237.0 FT TO POB AND CONT 2.38 AC M-O-L«» LESS 1.07 AC FOR ROAD (EN 434081 BK 476 PG 65-76 6/14/95) & STORM DRAINAGE ESMT (EN 469233 BK 655 PG 86) TAXABLE ACREAGE 1.31 AC $162,062 1.31 02-0007- 0159 BEG AT A POINT ON TH N R/W OF US HWY 191 THAT BEARS N 61°00'W 2287.5 FT FROM THE SE COR OF SEC 7 T26S R22E SLBM; TH WITH SAID HWY R/W N 65°36'W 139.30 FT; TH N 142.91 FT; TH N 89°56'E 126.85 F TH S 200.6 FT TO POINT OF BEG. 0.50 AC ---- (PREVIOUS TAX ID # 02-007-0138) $191,304 0.51 02-0007- 0160 BEG AT A POINT ON TH N R/W OF US HWY 191 THAT BEARS N 61°00'W 2287.5 FT FROM THE SE COR OF SEC 7 T26S R22E SLBM; TH WITH SAID HWY R/W N 65°36'W 484.3 FT; TH N 89°56'E 441.1 FT; TH S 200.6 FT TO POINT OF BEG. LESS BEG AT A POINT ON TH N R/W OF US HWY 191 THAT BEARS N 61 °00'W 2287.5 FT FROM THE SE COR OF SEC 7 T26S R22E SLBM; TH WITH SAID HWY R/W N 65°36'W 139.30 FT; TH N 142.91 FT; TH N 89°56'E 126.85 F TH S 200.6 FT TO POINT OF BEG. 0.50 AC $107,638 0.51 02-0017- 0015 BEG N 0°08'W 1595 FT FROM THE S'/ COR SEC 17 T26S R22E SLBM RUNING TH N 187 FT; TH E 198 FT; S 187 FT; TH W 198 FT TO POB 0.85 AC M-O-L $296,163 0.86 02-0017- 0023 BEG AT POINT WHICH BEARS S 1316.7 FT & E 344.8 FT FROM C1/4 COR SEC 17 T26S R22E SLB&M; PROC N 89°15'E 508.7 FT; S 0°03'E 157.8 FT; S 89°15'W 477.2 FT; N 37°54'W 180 FT; N 78°32'43"E 80 FT TO POB 1.93 AC $397,190 1.77 02-0017- 0025 ** BEG N 0°0'E 479 FT FROM S 1/4 COR SEC 17 T26S R22E SLB&M & PROC N 0°04'E 829 FT; S 37°54'E APPROX 1040 FT; S 89°16'W APPROX 635 FT TO POB 6.09 AC $307,725 5.81 02-0017- 0025 ** BEG N 0°0'E 479 FT FROM S 1/4 COR SEC 17 T26S R22E SLB&M & PROC N 0°04'E 829 FT; S 37°54'E APPROX 1040 FT; S 89°16'W APPROX 635 FT TO POB 6.09 AC $0 0.28 02-0017- 0026 ** BEG AT COR WHICH BEARS N 0°04'E 209.5 FT ALONG N-S 1/4 SEC LINE FROM S1/4 COR SEC 17 T26S R22E $380,709 3.80 31 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres SLB&M & PROC N 0°04'E 269.5 FT ALONG SAID SEC LN; N 89°16'E 668.2 FT TO A PT ON THE WEST R-O-W OF U S HWY 191; S 37°55'E 338.3 FT; S 89°16'W 876.4 FT TO POB 4.78 AC «»SUBJECT TO A 10 FT WIDE SEWER ESMT EN 474967 BK 682 PG 521 BEG AT COR WHICH BEARS N 0°04'E 209.5 FT ALONG N-S 1/4 SEC LINE FROM S1/4 COR SEC 17 T26S R22E SLB&M & PROC N 0°04'E 269.5 FT ALONG SAID SEC LN; N 89°16'E 668.2 FT TO A PT ON THE WEST R-O-W OF U S HWY 191; S 37°55'E 338.3 FT; S 89°16'W 876.4 FT TO POB 4.78 AC «»SUBJECT 02-0017- TO A 10 FT WIDE SEWER ESMT EN 474967 BK 682 PG 0026 ** 521 $0 0.97 LOT 6 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 2.81 AC --- ALSO A PORTION OF GOV. LOT 18; SEC 17 T26S R22E; DESC. AS FOLLOWS: BEG AT THE NW COR GOV. LOT 18; SEC 17 T26S R22E SLM; THENCE 02-0017- N 89°43'E 127.1 FT S 54°08'W 100.8 FT; N 37°52'W 74.0 0113 FT TO BEG. 0.085 AC. TOTAL 3.00 AC $257,962 2.91 02-0017- 0114 LOT 7 SEC 17 T26S R22E 2.40 AC $941,951 2.39 02-0017- LOT 8 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0115 2.40 AC $434,655 2.40 02-0017- LOT 9 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0116 1.98 AC $294,633 2.36 02-0017- 0117 LOT 10 SEC 17 T26S R22E 1.98 AC $154,170 2.40 02-0017- LOT 11 SEC 17 T26S R22E SMALL TRACTS 0118 SUBDIVISION 2.40 AC M-O-L $118,919 2.40 BEG N 52°08'E 165 FT FROM SW'LY COR LOT 12 SEC 17 T26S R22E SLB&M & PROC N 37°52'W 264 FT; N 02-0017- 52°08'E 479.16 FT; S 0°07'W 336.6 FT; S 52°08'W 273.24 0119 FT TO POB 2.28 AC $143,360 2.30 02-0017- 0120 LOT 13 SEC 17 T26S R22E 2.83 AC $150,642 2.83 02-0017- 0121 LOT 14 SEC 17 T26S R22E 1.96 AC $87,406 2.14 02-0017- 0122 LOT 15 SEC 17 T26S R22E 2.92 AC $130,216 2.91 DESCRIPTION OF A PORTION OF LOTS 22 & 23 SEC 17 T26S R22E SLBM MORE PARTICULARLY ESCRIBED AS FOLLOWS: BEG AT COR COMMON TO LOTS 23; 24; 31 & 32; SEC 17 T26S R22E; TH N 02-0017- 37°52'W 561 FT; TH N 52°08'E 198 FT; TH S 37°52'E 561 0131 ** FT; TH S 52°08'W 198 FT TO POB. 2.55 AC $682,738 1.84 DESCRIPTION OF A PORTION OF LOTS 22 & 23 SEC 17 T26S R22E SLBM MORE PARTICULARLY 02-0017- ESCRIBED AS FOLLOWS: BEG AT COR COMMON TO 0131 ** LOTS 23; 24; 31 & 32; SEC 17 T26S R22E; TH N $0 0.10 32 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 37°52'W 561 FT; TH N 52°08'E 198 FT; TH S 37°52'E 561 FT; TH S 52°08'W 198 FT TO POB. 2.55 AC DESCRIPTION OF A PORTION OF LOTS 22 & 23 SEC 17 T26S R22E SLBM MORE PARTICULARLY ESCRIBED AS FOLLOWS: BEG AT COR COMMON TO LOTS 23; 24; 31 & 32; SEC 17 T26S R22E; TH N 02-0017- 37°52'W 561 FT; TH N 52°08'E 198 FT; TH S 37°52'E 561 0131 ** FT; TH S 52°08'W 198 FT TO POB. 2.55 AC $0 0.48 DESCRIPTION OF A PORTION OF LOTS 22 & 23 SEC 17 T26S R2E DESCRIBED AS FOLLOWS: BEG AT COR OF LOTS 23 & 24; SEC 17 T26S R22E; THAT IS ON THE W'LY R-O-W OF US HWY 191 AND PROECEEDING THENCES 52°08'W 198 FT; TH N 37°52'W 561 FT; TH N 02-0017- 52°08'E 198 FT; TH WITH W'LY R-O-W HWY 191; S 0132 37°52'E 561 FT TO POB. 2.55 AC $144,040 2.42 02-0017- LOT 24 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0133 ** 2.70 AC $168,157 1.87 02-0017- LOT 24 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0133 ** 2.70 AC $0 0.52 02-0017- LOT 25 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0134 ** 2.40 AC $311,832 1.89 02-0017- LOT 25 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0134 ** 2.40 AC $0 0.51 BEG AT MOST NE'LY COR LOT 26 SEC 17 T26S R22E SLB&M & PROC S 37°52'E 249 FT; S 52°08'W 209.93 02-0017- FT; N 37°52'W 249 FT; N 52°08'E 209.93 FT TO POB 0135 1.20 AC $173,833 1.20 02-0017- LOT 27 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0136 ** 2.40 AC $83,047 1.91 02-0017- LOT 27 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0136 ** 2.40 AC $0 0.48 02-0017- LOT 28 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0137 ** 2.50 AC $89,189 2.10 02-0017- LOT 28 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0137 ** 2.50 AC $0 0.30 LOT 29 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 02-0017- 2.60 AC --- SUBJECT TO A 33 FT WIDE PUBLIC RIGHT 0138 OF WAY ON THE WESTERLY BOUNDARY. $137,971 1.80 02-0017- LOT 30 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0139 ** 2.60 AC $0 0.27 02-0017- LOT 30 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0139 ** 2.60 AC $140,945 2.13 02-0017- LOT 32 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0140 ** 2.92 AC $0 0.33 02-0017- LOT 32 SEC 17 T26S R22E SMALL TRACTS SUB-DIV 0140 ** 2.92 AC $143,600 3.17 LOT 33 SEC 17 T26S R22E SMALL TRACTS SUB-DIV & 02-0017- SW 1/2 LOT 31 SEC 17 T26S R22E 4.06 AC LESS 0.58 0141 ACRES FOR THE ROAD 3.48 AC $107,400 2.40 33 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 02-0017- 0145 BEG AT POINT 1350 FT N 0°08'W FROM 1/4 COR COMMON WITH SEC 17 T26S R22E & SEC 20 T26S R22E SLB&M & PROC N 89°15'E 340 FT; N 0°08'W 245 FT; S 89°15'W 340 FT; S 0°08'E 245 FT TO POB LESS THAT AREA RESERVED FOR STATE HWY 191 R/W 1.38 AC $230,080 1.39 02-0017- 0149 ** BEG AT THE NW COR LOT 26 SEC 17 T26S R22E SLB&M & PROC N 52°08'E 186.07 FT; S 37°52'E 249 FT; N 52°08'E 209.93 FT; S 37°52'E 15 FT; S 52°08'W 396 FT; N 37°52'W 264 FT TO POB 1.20 ACRES M-O-L $0 0.50 02-0017- 0149 ** BEG AT THE NW COR LOT 26 SEC 17 T26S R22E SLB&M & PROC N 52°08'E 186.07 FT; S 37°52'E 249 FT; N 52°08'E 209.93 FT; S 37°52'E 15 FT; S 52°08'W 396 FT; N 37°52'W 264 FT TO POB 1.20 ACRES M-O-L $0 0.29 02-0017- 0149 ** BEG AT THE NW COR LOT 26 SEC 17 T26S R22E SLB&M & PROC N 52°08'E 186.07 FT; S 37°52'E 249 FT; N 52°08'E 209.93 FT; S 37°52'E 15 FT; S 52°08'W 396 FT; N 37°52'W 264 FT TO POB 1.20 ACRES M-O-L $42,811 1.02 02-0017- 0150 ** NE1/2 OF LOT 31 SEC 17 T26S R22E SLB&M 1.46 AC $0 0.26 02-0017- 0150 ** NE1/2 OF LOT 31 SEC 17 T26S R22E SLB&M 1.46 AC $38,200 1.04 02-0017- 0157 BEG AT NW COR SEC 17 T26S R22E SLB&M & PROC S 89°52'E 325.7 FT; S 13°46'E 697.5 FT; WITH E'LY R/W HWY 191 ALONG A 6566.3 FT RADIUS CURVE TO LEFT 733.8 FT (SAID CURVE HAS CHORD WHICH BEARS N 42°08'W 732.8 FT); N 0°01'W 134.8 FT TO POB 3.19 AC ---LESS PORTION TO GRAND COUNTY: NWIANW'/4 SEC 17 T26S R22E DESCRIBED AS FOLLOWS: BEG AT THE SE COR BEING OF SAID ENTIRE TRACT; BEING THE INTERSECTION POINT OF THE NE'LY HWY R-O-W LINE OF SR 191 AND W'LY R- OW LINE OF MILL CREEK DRIVE WHICH POINT IS S 01 °17'43"E 667.75 FT ALONG THE SECTION LINE AND EAST 490.92 FEET FROM THE NW COR OF SAID SECTION 17; AND RUNNING THENCE N 40°34'46"W 94.41 FT ALONG THE SW BNDRY LINE OF SAID ENTIRE TRACT AND SAID HWY R-O-W LINE TO A POINT 46.26 FT RADIALLY DISTANT W'LY FROM THE C/L OF SAID PROJECT; OPPOSITE APPROX ENGINEERS STATION 12+34.99; THENCE 159.23 FT ALONG THE ARC OF 344.23 FOOT RADIOUS NON TANGENT CURVE TO THE LEFT ( CHORD BEARS N 00°0512"E 157.81 FT: TO A POINT IN THE E'LY BOUNDARY LINE OF SAID ENTIRE TRACT AND THE EXISTING W'LY R-O-W LINE OF MILL CREEK DR; THENCE S 14°55'28"E 237.53 FT ALONG SAID E'LY BOUNDARY LINE SAID $983,859 3.09 34 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres W'LY R-O-W TO THE POB; CONTAIN 3888 SQ FT OR 0.089 AC; TOTAL 3.10 AC BEG AT MOST S'LY COR LOT 12 SEC 17 T26S R22E 02-0017- SLB&M & PROC N 37°52'W 26 4 FT; N 52°08'E 165 FT; S 0165 37°52'E 264 FT; S 52°08'W 165 FT TO POB 1.00 AC $100,000 1.00 BEG AT THE SOUTHERN MOST COR OF LOT 12 SEC 17 T26S R22E; TH N 37°54'W 792.0 FT MORE OR LESS ALNG THE NE'LY R/W LINE OF HWY 191; TH S 52°06'W 02-0017- 100.0 FT' TH S 37°54'E 792.0 FT; TH N 52°06'E 100.0 FT 0172 TO BEG 1.82 AC $0 1.82 NW'/NW'/ SEC 17 T26S R22E DESCRIBED AS FOLLOWS: BEG AT THE SE COR BEING OF SAID ENTIRE TRACT; BEING THE INTERSECTION POINT OF THE NE'LY HWY R-O-W LINE OF SR 191 AND W'LY R- OW LINE OF MILL CREEK DRIVE WHICH POINT IS S 01 °17'43"E 667.75 FT ALONG THE SECTION LINE AND EAST 490.92 FEET FROM THE NW COR OF SAID SECTION 17; AND RUNNING THENCE N 40°34'46"W 94.41 FT ALONG THE SW'LY BOUNDARLY LINE OF SAID ENTIRE TRACT AND SAID HWY R-O-W LINE TO A POINT 46.26 FT RADIALLY DISTANT W'LY FROM THE C/L OF SAID PROJECT; OPPOSITE APPROX ENGINEERS STATION 12+34.99; THENCE 159.23 FT ALONG THE ARC OF 344.23 FOOT RADIOUS NON TANGENT CURVE TO THE LEFT ( CHORD BEARS N 00°05'12"E 157.81 FT: TO A POINT IN THE E'LY BOUNDARY LINE OF SAID ENTIRE TRACT AND THE EXISTING W'LY R-O-W LINE OF MILL CREEK DR; THENCE S 14°55'28"E 237.53 FT ALONG SAID E'LY 02-0017- BOUNDARY LINE SAID W'LY R-O-W TO THE FOB; 0191 CONTAIN 3888 SQ FT OR 0.089 AC; 0 0.09 02-0018- 0000 $0 2.34 BEG AT A POINT WHICH BEARS S 28°02'W 412.1 FT FROM THE NE COR SEC 18 T26S R22E SLM & PROCEEDING THENCE WITH THE W'LY R/W OF US HWY 191 ALNG THE ARC OF THE 6266.3 FT RAD CUR TO THE RIGHT 113.4 FT THENCE S 48°36'W 323.8 FT; 02-0018- N 89°57'W 171.0 FT; N 48°36'E 445.6 FT TO POB AND 0001 CONT 1.0 ACRES M-O-L $37,099 1.00 BEG AT NE COR SEC 18 T26S R22E SLB&M & PROC THENCE WITH THE E LN SAID SEC 18 S 0°03'W 275.4 FT (REC=S 334 FT) TO THE N'LY R-O-W OF HIGHWAY 191 ; THENCE TO THE LEFT ALONG A 6466.3 FT RADIUS CURVE 398.5 FT (CHD BRG = N 46°15'W 398.4 FT CA=3°31'51") TO A COR ON THE N LN SAID SEC 18 02-0018- THENCE WITH SAID SEC LN S 89°58'E 288.1 FT TO 0002 POB 0.89 AC $198,229 0.89 35 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 02-0018- 0003 BEG A POINT WHICH BEARS N 89°57'W 593.6 FT FROM THE NE COR SEC 18 T26S R22E; PROC S 0°03'W 260.92 FT; N 89°57'W 333.9 FT; N 0°03'E 260.92 FT; S 89°57'E 333.9 FT POB. 2.00 AC $204,732 2.00 02-0018- 0004 BEG AT A POINT WHICH BEARS WITH THE SECTION LINE N 89°57'W 760.6 FT; TH S 0°03'W 260.9 FT FROM THE NE COR SEC 18 T26S R22E SLM & PROC TH S 0°03'W 260.9 FT; N 89°55'W 167.0 FT; N 0°04'E 260.9 FT; S 89°57'E 167.0 FT TO POB 1.0 ACL -/- A 24 FT WIDE ESMTN FOR INGRESS & EGRESS : BEG AT A PT WHICH BRS WITH THE SEC LN N 89°57'W 760.6 FT & S 0°03'W 260.9' FROM THE NE COR SEC 18 T26S R22E; PROC TH S 0°03'W 24 FT; S89°57'E 167.0 FT N 0°03'E 24 FT; N89°57'W 167.0 FT TO POB $128,668 1.00 02-0018- 0006 BEG AT A COR WHICH BEARS WITH SEC LINE N 89°57'W 593.6 FT AND S 0°03'W 521.8 FT FROM THE NE COR SEC 18 T26S R22E SLB&M TH S 0°03'W 136.9 FT; N 89°56'W 333.9 FT; N 0°03'E 136.8 FT; TH S 89°57'E 334.0 FT POB 1.05 AC $105,080 1.05 02-0018- 0007 BEG AT A COR WHICH BEAR WITH SEC LINE N 89°57'W 593.6 FT & S 0°03'W 260.9 FT FROM THE NE COR SEC 18 T26S R22E SLM TH S 0°03'W 260.9 FT; N 89°57'W 167.0 FT; N 0 03'E 260.9 FT; S 89°57'E 167.0 FT TO POB. 1.00 AC $97,921 1.00 02-0018- 0008 BEG AT THE NE COR OF THE UNIVERSITY PROPERTY SAID COR BRS S 0°06'W 658.7 FT FROM THE NE COR SEC 18 T26S R22E SLM & PROC TH WITH THE N LN OF THE UNIV PROP N 89°57'W 356.0 FT; TH N 48°36'E 323.8 FT TO THE W'LY R/W US HWY 191; TH WITH SAID R/W ALNG THE ARC OF A 6266.3 FT RAD CUR TO THE RGHT 165.0 FT TO THE E LN SEC 18; TH S 0°06'W 94.5 FT TO THE POB & CONT 1.00 AC M-O-L $36,087 ' 1.00 02-0018- 0009 BEG AT THE E 1/16 COR SEC 7 & 18 T26S R22E SLM & PROC TH WITH THE N LN SEC 18 S 89°45'E 380.0 FT TO THE NW COR OF THE DALTON PROP TH WITH THE W LN OF THE BRIDGES & DALTON PROP S 0°03'W 658.5 FT TO THE N LN OF THE UNIV PROP THE N 89°57'W 382.2 FT; TH WITH 1/16 LN N 0°13'E 658.4 FT TO THE POB & CONT 5.76 AC M-O-L TOGETHER WITH ANY ESMT ASSOCIATED WITH THIS PROP AND SUBJECT TO A 66 FT WIDE ACCESS ESMT N OF AND ADJ TO S BNDRY $99,199 5.73 02-0018- 0010 ** BEG AT THE SW COR OF THE KEYSER TRUST PROP (UTAH PWR PROP) SAID COR BEARS WITH THE C% LN S 0°30'W 313.08 FT FROM THE N% COR SEC 18 T26S R22E SLM & PROC TH S 89°45'E 626.13 FT TO THE SE COR OF THE KEYSER PROP; TH N 0°30'E 313.08 FT?± TO THE NE COR OF THE KEYSER PROP; TH WITH THE N LN NE'/o SEC 18 S 89°45'E 681.4 FT TO $0 1.58 36 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres THE E 1/16 COR SEC 7 & 18 TH WITH THE 1/16 LN S 0°13'W 658.4 FT; TH N 89°57'W 1309.2 FT± TO THE C'/ LN; TH N'LY 345.1 FT TO THE POB & CONT 15.27 AC M-O-L -\- TOGETHER WITH & SUB TO A 33.0 FT WIDE ACCESS & UTILITY ESMT IN SEC 18 T26S R22E SLM LYING NORTH OF THE S BOUNDARY OF THE ABOVE DESC PARCEL\- TOGETHER WITH A 25 FT WIDE UTLTY ESMT WEST OF & ADJACENT TO FOLLOWING DESC LN: BEG AT THE NE COR OF THE NEIANW% SEC 18 T26S R22E LSM & PROC S ALONG E LN FOR 350 FT -\- SUB TO A 25 FT WIDE UTILITY ESMT W OF & ADJACENT TO EAST BNDRY & ANY & ALL OTHERS AS EVIDENCED 02-0018- 0010 ** BEG AT THE SW COR OF THE KEYSER TRUST PROP (UTAH PWR PROP) SAID COR BEARS WITH THE C% LN S 0°30'W 313.08 FT FROM THE N% COR SEC 18 T26S R22E SLM & PROC TH S 89°45'E 626.13 FT TO THE SE COR OF THE KEYSER PROP; TH N 0°30'E 313.08 FT?± TO THE NE COR OF THE KEYSER PROP; TH WITH THE N LN NE% SEC 18 S 89°45'E 681.4 FT TO THE E 1/16 COR SEC 7 & 18 TH WITH THE 1/16 LN S 0°13'W 658.4 FT; TH N 89°57'W 1309.2 FT± TO THE C'/ LN; TH N'LY 345.1 FT TO THE POB & CONT 15.27 AC M-O-L -\- TOGETHER WITH & SUB TO A 33.0 FT WIDE ACCESS & UTILITY ESMT IN SEC 18 T26S R22E SLM LYING NORTH OF THE S BOUNDARY OF THE ABOVE DESC PARCEL\- TOGETHER WITH A 25 FT WIDE UTLTY ESMT WEST OF & ADJACENT TO FOLLOWING DESC LN: BEG AT THE NE COR OF THE NE%NW% SEC 18 T26S R22E LSM & PROC S ALONG E LN FOR 350 FT -\- SUB TO A 25 FT WIDE UTILITY ESMT W OF & ADJACENT TO EAST BNDRY & ANY & ALL OTHERS AS EVIDENCED $0 0.15 02-0018- 0010 ** BEG AT THE SW COR OF THE KEYSER TRUST PROP (UTAH PWR PROP) SAID COR BEARS WITH THE C% LN S 0°30'W 313.08 FT FROM THE N'/4 COR SEC 18 T26S R22E SLM & PROC TH S 89°45'E 626.13 FT TO THE SE COR OF THE KEYSER PROP; TH N 0°30'E 313.08 FT?± TO THE NE COR OF THE KEYSER PROP; TH WITH THE N LN NE% SEC 18 S 89°45'E 681.4 FT TO THE E 1/16 COR SEC 7 & 18 TH WITH THE 1/16 LN S 0°13'W 658.4 FT; TH N 89°57'W 1309.2 FT± TO THE C'/ LN; TH N'LY 345.1 FT TO THE POB & CONT 15.27 AC M-O-L -\- TOGETHER WITH & SUB TO A 33.0 FT WIDE ACCESS & UTILITY ESMT IN SEC 18 T26S R22E SLM LYING NORTH OF THE S BOUNDARY OF THE ABOVE DESC PARCEL\- TOGETHER WITH A 25 FT WIDE UTLTY ESMT WEST OF & ADJACENT TO FOLLOWING DESC LN: BEG AT THE NE COR OF THE NEANW% SEC 18 T26S R22E LSM & PROC S ALONG E LN FOR $62,003 13.40 37 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 350 FT -\- SUB TO A 25 FT WIDE UTILITY ESMT W OF & ADJACENT TO EAST BNDRY & ANY & ALL OTHERS AS EVIDENCED BEG AT A PT WHICH BEARS S 28°02'W 412.1 FT FROM THE NE COR SEC 18 T26S R22E SLM & PROC TH S 48°36'W 445.6 FT; TH N 0°03'E 603.4 FT TO THE W'LY R/W US HWY 191 TH WITH SAID R/W ALNG THE 02-0018- ARC OF A 6266.3 FT RAD CUR TO THE RGHT 454.9 FT 0011 TO POB & CONT 2.34 AC M-O-L $82,110 2.34 S% OF THE NW'/4NE'/ SEC 18 T26S R22E SLM SEC 18 T26S R22E CONT 19.8 AC M-O-L ESMT: 66.0 FT WIDE FOL C/L DESC: BEG AT A PT WHICH BRS S 64°30'W 1451.3 FT FROM THE NE COR SEC 18 T26S R22E SLM & PROC TH WITH SAID C/L ALNG THE ARC OF A 661.1 FT RAD CUR TO THE LFT 148.0 FT (CHD BRG=S83°38'W 147.7 FT); TH ALNG THE ARC OF 661.1 FT RAD CUR TO THE R 148.0 FT (CHD BRG=S 83°38'W 147.7 FT; TH WITH THE N LN OF THE S%NW%NE'/4 SAID SEC 18 N 89°57'W 1013.6 FT TO C1/4 LN SEC 18 THE TERMINUS OF THIS C/L ESMNT-\-ACCESS & UTLTY 66 FT WIDE ADJACENT TO & NORTH OF DESC N BEG IN THE NE COR OF S%NW%NE'/ & PROC S 89°57'E 382.2 FT -\-TOG WITH A 25' UTLTY ESMT WEST OF & ADJ TO DEC LN: BEG AT THE NE COR OF 02-0018- S'/2NW'/4NE'/4 SEC 18 T26S R22E & PROC WITH 1/16 0012 ** LN N 0°13'E 658.4 FT. $0 0.18 S% OF THE NW'/4NE% SEC 18 T26S R22E SLM SEC 18 T26S R22E CONT 19.8 AC M-O-L ESMT: 66.0 FT WIDE FOL C/L DESC: BEG AT A PT WHICH BRS S 64°30'W 1451.3 FT FROM THE NE COR SEC 18 T26S R22E SLM & PROC TH WITH SAID C/L ALNG THE ARC OF A 661.1 FT RAD CUR TO THE LFT 148.0 FT (CHD BRG=S83°38'W 147.7 FT); TH ALNG THE ARC OF 661.1 FT RAD CUR TO THE R 148.0 FT (CHD BRG=S 83°38'W 147.7 FT; TH WITH THE N LN OF THE S%NW'/4NE'/4 SAID SEC 18 N 89°57'W 1013.6 FT TO C% LN SEC 18 THE TERMINUS OF THIS C/L ESMNT-\-ACCESS & UTLTY 66 FT WIDE ADJACENT TO & NORTH OF DESC N BEG IN THE NE COR OF S%NW%NE% & PROC S 89°57'E 382.2 FT -\-TOG WITH A 25' UTLTY ESMT WEST OF & ADJ TO DEC LN: BEG AT THE NE COR OF 02-0018- S%NW%NE'/4 SEC 18 T26S R22E & PROC WITH 1/16 0012 ** LN N 0°13'E 658.4 FT. $40,100 17.36 LOTS 12; 13 & 20 SEC 20 T26S R22E 8.26 AC LESS 33 02-0020- FT ALNG THE SE'LY BNDRY OF LOT 20 AND LOT 12 0001 0.59 FOR SAN JOSE ROAD AC TOTAL 7.67 AC M-O-L $350,000 7.64 02-0020- 0002 LOT 14 SEC 20 T26S R22E 1.87 AC $73,050 1.58 02-0020- LOT 16 SEC 20 T26S R22E & LOT 61 SEC 21 T26S 0003 R22E SMALL TRACTS SUB 2.41 AC $107,705 2.40 38 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan Parcel ID Note Legal Description Taxable Value Acres 02-0020- 0005 LOT 18 SEC 20 T26S R22E SMALL TRACTS & LOT 63 SEC 21 T26S R22E 2.60 AC $321,382 2.40 02-0020- 0006 LOT 19 SEC 20 T26S R22E SMALL TRACTS SUB 2.70 AC $623,123 2.40 02-0020- 0007 LOT 22 SEC 20 T26S R22E -\- LESS: BEG AT NW COR LOT 22 SEC 20; SAID PT BEARS S 89°17'W 1236.8 FT FROM THE NE COR SEC 20 T26S R22E SLM TH N 89°17'E 263.5 FT; S 37°52'E 86.9 FT; S 52°08'W 90.0 FT; S 37°52'E 10.0 FT; S 52°08'W 120 FT; N 37°52'W 256 FT TO POB. 1.89 AC $156,853 1.90 02-0020- 0008 't* BEG AT COR COMMON TO LOTS 23; 24; 49 & 50; OF SEC 20; SAID COR BEARS N 89°17'E 415.8 FT AND S 37°52'E 479.8 FT FROM NIA COR SEC 20 T26S R22E SLM; TH N 37°52'W 120 FT; N 52°08'E 202 FT; N 71 °09'E 61.4 FT; N 52°08'E 136.1 FT; S 37°50'E 100 FT; S 52°08'W 396 FT TO POB 1.02 AC $146,407 0.85 02-0020- 0008 ** BEG AT COR COMMON TO LOTS 23; 24; 49 & 50; OF SEC 20; SAID COR BEARS N 89°17'E 415.8 FT AND S 37°52'E 479.8 FT FROM NIA COR SEC 20 T26S R22E SLM; TH N 37°52'W 120 FT; N 52°08'E 202 FT; N 71 °09'E 61.4 FT; N 52°08'E 136.1 FT; S 37°50'E 100 FT; S 52°08'W 396 FT TO POB 1.02 AC $0 0.16 02-0020- 0009 ** LOT 24 SEC 20 T26S R22E SMALL TRACTS SUB 2.40 AC $286,311 2.05 02-0020- 0009 ** LOT 24 SEC 20 T26S R22E SMALL TRACTS SUB 2.40 AC $0 0.35 02-0020- 0010 ** LOT 25 SEC 20 T26S R22E 2.70 AC LESS .30 AC FOR ARROYO RD EASEMENT $509,481 2.06 02-0020- 0010 ** LOT 25 SEC 20 T26S R22E 2.70 AC LESS .30 AC FOR ARROYO RD EASEMENT $0 0.34 02-0020- 0011 ** LOT 26 SEC 20 T26S R22E SMALL TRACTS SUB 2.70 AC $279,817 2.07 02-0020- 0011 ** LOT 26 SEC 20 T26S R22E SMALL TRACTS SUB 2.70 AC $0 0.33 02-0020- 0012 ** LOT 27 SMALL TRACTS SUBDIVISION SEC 20 T26S R22E 2.40 AC $0 2.08 02-0020- 0012 ** LOT 27 SMALL TRACTS SUBDIVISION SEC 20 T26S R22E 2.40 AC $0 0.32 02-0020- 0013 ** LOT 28 SMALL TRACT SUB SEC 20 T26S R22E 2.40 AC $332,107 2.10 02-0020- 0013 ** LOT 28 SMALL TRACT SUB SEC 20 T26S R22E 2.40 AC $0 0.30 02-0020- 0015 BEG AT THE CORNER COMMON TO GOV'T LOTS 30 & 31 SEC 20 T26S R22E SLM AND THE W'LY R/W OF US HWY 191 AND PROCEEDING TH WITH THE S LN OF SAID LOT 30 S 52°02'W 198.2 FT; N 37°50'W 132.2 FT; N 52°04'E 198.1 FT TO A COR ON THE W'LY R/W OF US HWY 191; TH WITH SAID R/W S 37°52'E 132.1 FT TO THE POB AND CONT 0.60 ACRES M-O-L 1.35 AC -\- SUBJECT TO AN EASEMENT BEG AT A PT ON THE $282,504 0.55 39 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres W'LY R/W OF US HWY 191 SAID PT BEARS N 37°52'W 112.1 FT FROM THE COR COMMON TO GOV'T LOTS 30&31 AND SAID W'L R/W OF US HWY 191 AND PROCEEDING S 52°04'W 100.0 FT; N 37°52'W 40.0 FT; N 52°04'E 100.0 FT TO SAID W'LY R/W OF US HWY 191; TH WITH SAID R/W S 37°52'E 40.0 FT TO THE POB 02-0020- 0016 ** SW 1/2 OF LOT 30 SEC 20 T26S R22E 1.00 AC $127,298 0.90 02-0020- 0016 ** SW 1/2 OF LOT 30 SEC 20 T26S R22E 1.00 AC $0 0.30 PART OF LOT 31: BEG AT NW COR LOT 31 SEC 20 T26S R22E; SAID COR COMMON TO LOT 42; 43; 30 & 02-0020- 31; TH N 52°07'E 198 FT; S 37°52'E 264 FT; S 52°07'W 0017 ** 198 FT; N 37°52'W 264 FT TO POB 1.20 AC; M-O-L. $132,387 0.90 PART OF LOT 31: BEG AT NW COR LOT 31 SEC 20 T26S R22E; SAID COR COMMON TO LOT 42; 43; 30 & 02-0020- 31; TH N 52°07'E 198 FT; S 37°52'E 264 FT; S 52°07'W 0017 ** 198 FT; N 37°52'W 264 FT TO POB 1.20 AC; M-O-L. $0 0.30 BEG AT NE COR LOT 31 SEC 20 T26S R22E; S 37°52'E 02-0020- 264 FT; S 52°08'W 198 FT; N 37°52'W 264 FT; N 52°08'E 0018 198 FT TO BEG BEING NE 1/2 OF SAID LOT 31 1.02 AC $240,238 1.20 LOT 32 SEC 20 T26S R22E SMALL TRACTS 2.40 AC 02-0020- LESS HOUSE PARCEL CONT 0.60 AC THIS PARCEL 0019 ** 1.80 AC± $53,963 1.51 LOT 32 SEC 20 T26S R22E SMALL TRACTS 2.40 AC 02-0020- LESS HOUSE PARCEL CONT 0.60 AC THIS PARCEL 0019 ** 1.80 AC± $0 0.29 02-0020- LOT 33 SEC 20 T26S R22E 2.26 AC & LOT 64 SEC 21 0020 ** T26S R22E SLB&M 0.14 AC TOTAL 2.40 AC $159,691 2.11 02-0020- LOT 33 SEC 20 T26S R22E 2.26 AC & LOT 64 SEC 21 0020 ** T26S R22E SLB&M 0.14 AC TOTAL 2.40 AC $0 0.28 02-0020- LOT 35 SEC 20 T26S R22E & LOT 66 SEC 21 T26S 0021 ** R22E 2.70 AC $293,365 2.12 02-0020- LOT 35 SEC 20 T26S R22E & LOT 66 SEC 21 T26S 0021 ** R22E 2.70 AC $0 0.03 02-0020- LOT 35 SEC 20 T26S R22E & LOT 66 SEC 21 T26S 0021 ** R22E 2.70 AC $0 0.25 02-0020- 0076 LOT 17 SEC 20 T26S R22E SLB&M 1.49 AC $298,085 1.49 BEG AT NW COR LOT 23 SAID COR BEARS N 89°17'E 415.8 FT FROM N1/4 COR SEC 20 T26S R22E SLM; TH N 89°17'E 497 FT; S 37°50'E 79.7 FT; S 52°08'W 136.1 02-0020- FT; S 71 °09'W 61.4 FT; S 52°08'W 202 FT; N 37°52'W 0079 ** 359.8 FT TO POB 1.98 AC $126,335 1.53 BEG AT NW COR LOT 23 SAID COR BEARS N 89°17'E 415.8 FT FROM N1/4 COR SEC 20 T26S R22E SLM; TH N 89°17'E 497 FT; S 37°50'E 79.7 FT; S 52°08'W 136.1 02-0020- FT; S 71 °09'W 61.4 FT; S 52°08'W 202 FT; N 37°52'W 0079 ** 359.8 FT TO POB 1.98 AC $0 0.46 40 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 02-0020- 0099 DESC. OF A PORTION OF GOV. LOT 30 SEC 20 T26S R22E SLB&M MORE PARTICULARLY DESC. AS FOLLOWS: BEG AT A COR ON THE W'LY R/W US HWY 191 SAID PT BEARS S 37°52'E 33.0 FT FROM THE COR COM TO GOV'T LOT 29 & 30; SEC 20 T26S R22E SLB&M TH WITH SAID R/W S 37°52'E 132.1 FT; S 52°04'W 198.1 FT; N 37°50'W 132.3 FT; TH N 52°06'E 198.0 FT TO POB:---TOGETHER WITH & SUB TO AN EASEMENT DESC. AS FOLLOWS: BEG AT A PT ON THE W'LY R/W OF US HWY 191 SAID PT BRS N 37°52'W 112.1 FT FROM THE COR COM TO GOV'T LOTS 30 & 31 SEC 20 T26S R22E SLB&M TH S 52°04'W 100.0 FT; TH N 37°52'W 40.0 FT; TH N 52°04'E 100.0 FT TO SAID W'LY R/W OF US HWY 191; TH WITH SAID R/W S 37°52'E 40.0 FT TO POB AC 0.60 $154,374 0.65 02-0020- 0100 ** LOT 65 OF SEC 21 T26S R22E SLB&M AND LOT 34 OF SEC 20 T26S R22E MORE PARTICULARLY DESCRIBED AS: BEG AT THE COR COMMON TO LOTS 34; 35; 38 & 39 SEC 20 T26S R22E TH N 37°52'W 296.1 FT TH N 52°08'E 396.0 FT TO COR ON W'LY R/W OF US HWY 191 TH WITH SAID R/W S 37°52'E 296.1 FT TO C/L OF HANCE DR. TH WITH SAID C/L S 52°08'W 396.0 FT TO POB. 2.70 AC $263,265 2.13 02-0020- 0100 ** LOT 65 OF SEC 21 T26S R22E SLB&M AND LOT 34 OF SEC 20 T26S R22E MORE PARTICULARLY DESCRIBED AS: BEG AT THE COR COMMON TO LOTS 34; 35; 38 & 39 SEC 20 T26S R22E TH N 37°52'W 296.1 FT TH N 52°08'E 396.0 FT TO COR ON W'LY R/W OF US HWY 191 TH WITH SAID R/W S 37°52'E 296.1 FT TO C/L OF HANCE DR. TH WITH SAID C/L S 52°08'W 396.0 FT TO POB. 2.70 AC $0 0.27 02-0020- 0101 A PORTION OF LOT 22; SEC 20 T26S R22E SLM; DESC. AS FOLLOWS: BEG AT THE NW COR OF LOT 22; SEC 20 T26S R22E; SLM; SAID COR BEARS WITH THE SECTION LINE S 89°17'W 1236.8 FT FROM THE NE COR SEC SAID SEC 20; T26S R22E; TH N 89°17'E 263.5 FT; S 37°52'E 86.9 FT; S 52°08'W 90.0 FT; S 37°52'E 10.0 FT; S 52°08'W 120.0 FT; TO THE EASTERLY R-O-W OF U.S. HWY 191; TH WITH SAID R- O-W N 37°52'W 256.0 FT TO POB. 0.83 AC $589,791 0.82 02-0020- 0102 LOT 21 SEC 20 T26S R22E 2.60 AC $79,200 2.60 02-0020- 0106 BEG AT A POINT WHICH BEARS N 52°08'00"E 232.75 FT FROM THE CORNER COMMON TO GOV'T LOT 32; 33; 40; & 41 OF SEC 20 T26S R22E SLM & PROCEEDING THENCE N 37°52'00"W 159.55 FT; N 52°08'00"E 163.25 FT; S 37°52'00" E 159.55 FT; S 52°08'00"W 163.25 FT TO BEG & CONT 0.60 AC± $84,646 0.60 02-0021- 0055 LOT 57 SMALL TRACTS SUB SEC 21 T26S R22E 2.40 AC $136,598 2.40 41 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 02-0021- 0056 LOT 58 SEC 21 T26S R22E SMALL TRACTS SUB 2.40 AC $209,936 2.40 02-0021- 0057 LOT 59 SEC 21 T26S R22E 2.70 AC; LESS MESA ROAD ROW $143,722 2.40 02-0021- 0058 LOT 62 SEC 21 T26S R22E 0.75 AC $60,000 0.91 02-0021- 0110 LOT 32 SEC 21 T26S R22E SLB&M; LOT 15 SEC 20 T26S R22E SLB&M 1.75 AC $0 0.37 02-0021- 0115 LOT 60 SEC 21 T26S R22E 2.7 ACh (LESS 0.3 AC FOR ROAD WAY) 2.4 AC $204,942 2.40 02-0BRA- 0001 LOT 1 BRANDING IRON SUBDIVISION SEC 21 T26S R22E CONT 1.08 ACRES $439,022 1.08 02-0BRA- 0002 LOT 2 BRANDING IRON SUBDIVISION SEC 21 T26S R22E CONT 0.72 ACRE $282,805 0.72 02-0CLR- 0001 LOT 1 CLARK MINOR SUB SEC 17 T26S R22E 1.11 AC: REMAINDER OF LOT 1 CLARK MINOR SUB DESCRIBED AS FOLLOWS: BEG N 0°02'00"E 33 FT FROM THE W% COR OF SEC 16 T26S R22E SLB&M; W 20 FT; N 0°02'00"E 217 FT; N 13°53'00"W 257.63 FT; N 38°59'26"W 248.84 FT; N 89°11'08"E 108.53 FT; S 68°30'59"E 139.81 FT; S 0°02'00"W 610.85 FT TO POB 1.02 AC $70,800 1.02 02-0CLR- 0002 LOT 2 CLARK MINOR SUB SEC 17 T26S R22E 38.69 AC $205,030 35.76 02-01VY- 0001 LOT 1 IVY ACRES SUBDIVISION SEC 7 T26S R22E 0.89 AC $110,606 0.75 02-01VY- 0002 LOT 2 IVY ACRES SUBDIVISION SEC 7 T26S R22E 1.08 AC $92,000 1.04 02-0OVL- 0001 OVERLOOK COMMERCIAL CONDOMINIUMS UNIT 1 SEC 7 T26S R22E SLM $227,863 0.83 02-0OVL- 0002 OVERLOOK COMMERCIAL CONDOMINIUMS UNIT 2 SEC 7 T26S R22E SLM His $232,290 0.09 02-0OVL- 0003 OVERLOOK COMMERCIAL CONDOMINIUMS UNIT 3 SEC 7 T26S R22E SLM $234,436 0.09 02-0ROC- 0004 LOT 1 RIM ROCK COMMERCIAL SUBDIVISON; REPLAT OF RIM ROCK 2 COMMERICAL SUBD; IN SEC 20 T26S R22E 1.20 AC +/- $716,081 1.20 02-0ROC- 0005 ** LOT 2 RIM ROCK COMMERCIAL SUBDIVISON; REPLAT OF RIM ROCK 2 COMMERICAL SUBD; IN SEC 20 T26S R22E 1.20 AC +/- $72,880 0.90 02-0ROC- 0005 ** LOT 2 RIM ROCK COMMERCIAL SUBDIVISON; REPLAT OF RIM ROCK 2 COMMERICAL SUBD; IN SEC 20 T26S R22E 1.20 AC +/- $0 0.30 02-0SMC- 0001 BEG POINT FROM WHICH COMMON 1/4 COR TO SEC 17 T26S R22E & 20 T26S R22E BEARS S 36°43'21 "W 1065.04 FT TH RNG ALG E'LY R/W HWY 163 N 37°54'12"W 400 FT; N 89°18'E 477.20 FT; N 159.40 FT; N 89°16'32"E 430.61 FT; S 0°43'28"E 477.89 FT; S $432,734 7.17 42 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan ©0 Parcel ID Note Legal Description Taxable Value Acres 89°16'32"W 667.82 FT POB. AKA TRACT A MCKNIGHT PROPERTIES INDUSTRIAL SUBDIVISION 6.64 AC BEG POINT WHICH BEARS N 58°37'54"E 1033.64 FT FROM S1/4 COR SEC 17 T26S R22E SLB&M & PROC N 89°16'32"E 426.11 FT; N 89°15'20"E 22.48 FT; S 0°44'40"E 37.9 FT; N 89°15'20"E 114 FT; S 0°44'40"E 166 FT; S 89°16'32"W 199.79 FT; ALG CURVE THE CHORD 02-0SMC- BRING & DIST S 70°41'10"W 174.81 FT; N 37°54'12"W 0002 325.48 FT TO POB 2.30 AC $183,645 2.25 TRACT BCF 1 MCKNIGHT PROPERTIES INDUSTRIAL SUBDIVISION. DBA BEG SW COR HEREIN DESC TRACT; FROM WHICH THAT 1/4 COR COMMON TO SEC 17 & 20 T26S R22E SLB&M BEARS S 58°37'54"W 1033.64 FT;& RNG FROM SAID POINT OF BEG N 02-0SMC- 37°54'12"W 400 FT; N 89°16'32"E 667.82 FT; S 0°43'28"E 0003 318.60 FT; S 89°16'32"W 426.11 FT POB 4.00 AC $439,331 3.98 02-0SMC- TRACT D MCKNIGHT PROPERTIES INDUSTRIAL 0004 SUBDIVISION 2.34 AC $378,799 2.35 02-0SMC- TRACT G MCKNIGHT PROPERTIES INDUSTRIAL 0005 SUBDIVISION 2.95 AC $529,735 2.89 02-0SMC- TRACT H MCKNIGHT PROPERTIES INDUSTRIAL 0006 SUBDIVISION 2.30 AC $541,773 2.29 02-0SMC- TRACT I MCKNIGHT PROPERTIES INDUSTRIAL 0007 SUBDIVISION 2.18 AC $169,743 2.18 02-0SMC- TRACT J MCKNIGHT PROPERTIES INDUSTRIAL 0008 SUBDIVISION 2.24 AC $140,128 2.23 02-0SMC- TRACT L MCKNIGHT PROPERTIES INDUSTRIAL 0009 SUBDIVISION 2.46 AC $98,210 2.46 02-0SMC- TRACT M MCKNIGHT PROPERTIES INDUSTRIAL 0010 SUBDIVISION 2.90 AC $115,776 2.90 02-0SMC- TRACT N MCKNIGHT PROPERTIES INDUSTRIAL 0011 SUBDIVISION 2.23 AC $104,182 2.26 02-0SMC- TRACT O MCNIGHT PROPERTIES INDUSTRIAL 0012 SUBDIVISION 2.34 AC $93,419 2.33 02-0SMC- TRACT P MCKNIGHT PROPERTIES INDUSTRIAL 0013 SUBDIVISION 2.46 AC $1,088,405 2.46 02-0SMC- TRACT Q MCKNIGHT PROPERTIES INDUSTRIAL 0014 SUBDIVISION 2.46 AC $163,684 2.46 02-0SMC- TRACT R MCKNIGHT PROPERTIES INDUSTREIAL 0015 SUBDIVISION 2.46 AC $163,684 2.46 02-0SMC- TRACT S MCKNIGHT PROPERTIES INDUSTRIAL 0016 SUBDIVISION 2.46 AC $75,550 2.46 BEG AT SW COR OF TRACT G MCKNIGHT PROPERTIES INDUSTRIAL SUBDIVISION; SAID POINT BEARS N 1069.4 FT THENCE E 1302.3 FT FROM S'/ COR SEC 17 T26S R22E SLB&M & PROC WITH THE S LINE OF SAID TRACT G S 71 °17'03"E 306.20 FT TO A COR ON THE THE W R/W OF WEST RESOURCE BLVD; 02-0SMC- THENCE ALNG A 166 FT RADIUS CURVE TO LEFT 0017 51.87 FT TO A POINT OF TANGENT (SAID CURVE HAS $3,030,240 3.84 43 Zions Public Finance, Inc. I August 2018 Grand County Community Reinvestment Agency I South Moab CRA Project Area Plan Parcel ID Note Legal Description Taxable Value Acres CHORD WHICH BEARS S 8°12'41"W 51.65 FT; REC=51.57 FT); THENCE WITH SAID R/W S 0°44'40"E (REC=S 0°43'28"E) 477 FT TO A PT OF CURVE; THENCE WITH R/W ALNG THE ARC OF A 100 FT RADIUS CURVE TO RIGHT 157.08 FT (SAID CURVE HAS A CHORD WHICH BEARS S 44°15'20"W RECORD=S 44°16'32"W 141.42 FT)TO A COR ON THE N R/W OF INDUSTRIAL WAY; THENCE WITH SAID R/W S 89°15'20"W (RECORD=S 89°16'32"W)45 FT; N 0°44'40"W 166 FT; S 89°15'20"W 114.0 FT; N 0°44'40"W 37.90 FT; S 89°15'20"W 22.48 FT; N 0°39'10"W (REC=N 0°43'28"W) 526.13 FT TO POB (BEARINGS ARE BASED ON THE N LN OF THE MCKNIGHT PRPERTIES INDUSTRIAL SUBD BEARING OF RECORD=N 89°17'25"E) 3.81 AC 23-OXST- 0023 SEC 2 T26S R21 E AND SEC 17 T26S R22E 0.00 AC $623,738 4.24 23-0XST- 0026 STATE PROPERTY NO 9362: BEG AT THE N% COR SEC 18 T26S R22E SLM TH S 89°45'E 208.71 FT; S 0°30'W 208.7 FT; S 89°45'E 208.71 FT; S 0°30'W 104.38 FT; N 89°45'W 417.42 FT; N 0°30'E 313.08 FT TO BEG 0.00 AC STATE PROPERTY NO 9361: BEG AT A PT 232 FT N & 2640 FT E M-O-L FROM THE W% COR SEC 2 T26S R21 E TH S 57°50'30"E 31. FT; S 32°09'30"W 30.7 FT; N 57°50'30"W 65 FT N 32°09'30"E 80 FT; S 57°50'30"E 34 FT TO POB «» STATE PROPERTY NO 9356 NO DESCRIPTION $2,405,869 2.00 24-OSXT- 0023 $0 0.77 * Parcel split across Project Area boundary. Taxable value is distributed proportionately based on the number of acres inside the proposed Project Area. ** Multiple polygons for 1 parcel ID *** Parcel split across Project Area boundary; multiple polygons for 1 parcel ID 44 Zions Public Finance, Inc. I August 2018