##### 








---



##### 



TABLE OF CONTENTS
 PagePARTIES
    
    
    1RECITALS
    
    
    1ARTICLE IDEFINITIONS AND INTERPRETATIONSection 1.01 Terms Defined in this Redevelopment Contract
    
    
    2Section 1.02 Construction and Interpretation
    
    
    4ARTICLE IIREPRESENTATIONSSection 2.01 Representations by Village and Authority
    
    
    5Section 2.02 Representations of Redeveloper
    
    
    6ARTICLE IIIOBLIGATIONS OF THE AUTHORITY AND THE VILLAGESection 3.01 Division of Taxes
    
    
    7Section 3.02 Issuance of TIF Indebtedness
    
    
    8Section 3.03 Pledge of TIF Revenues
    
    
    9Section 3.04 Grant of Proceeds of Bonds
    
    
    9Section 3.05 Creation of Fund
    
    
    9ARTICLE IVOBLIGATIONS OF REDEVELOPERSection 4.01 Construction of Project; Insurance
    
    
    9Section 4.02 Cost Certification
    
    
    10Section 4.03 Redeveloper to Operate Project
    
    
    11Section 4.04 Authority Costs
    
    
    11Section 4.05 No Discrimination
    
    
    11Section 4.06 Pay Real Estate Taxes
    
    
    12Section 4.07 Payment in Lieu of Taxes
    
    
    12Section 4.08 No Assignment or Conveyance
    
    
    12
 i




---



##### 



PageARTICLE VFINANCING REDEVELOPMENT PROJECT; ENCUMBRANCESSection 5.01 Financing
    
    
    14Section 5.02 Encumbrances
    
    
    14ARTICLE VIDEFAULT, REMEDIES; INDEMNIFICATIONSection 6.01 General Remedies of Authority and Redeveloper
    
    
    15Section 6.02 Additional Remedies of Authority
    
    
    15Section 6.03 Remedies in the Event of Other Redeveloper Defaults
    
    
    17Section 6.04 Enforced Delay Beyond Partys Control
    
    
    17Section 6.05 Limitation of Liability; Indemnification
    
    
    18ARTICLE VIIMISCELLANEOUSSection 7.01 Notice Recording
    
    
    19Section 7.02 Governing Law
    
    
    19Section 7.03 Binding Effect; Amendment
    
    
    19Execution by the Authority
    
    
    20Execution by the Redeveloper
    
    
    21Exhibit A  Description of Redevelopment AreaExhibit B  Description of ProjectExhibit C  TIF IndebtednessExhibit D  Project CostsExhibit E  Redevelopment Plan
 ii




---



##### 



WITNESSETH:
      1




---



##### 



Section 1.01 Terms Defined in
this Redevelopment Contract
        2




---



##### 



3




---



##### 



Section
1.02 Construction and Interpretation.
         4




---



##### 



Section 2.01 Representations of Authority.
          5




---



##### 



Section 2.02 Representations of Redeveloper
    6




---



##### 



Section 3.01 Division of Taxes.
  7




---



##### 



Section 3.02 Issuance of TIF Indebtedness.
  8




---



##### 



Section 3.03 Pledge of TIF Revenues.
  Section 3.04 Grant of Proceeds of Bonds.
   Section
3.05 Creation of Fund.
  Section 3.06
    Section 4.01 Construction of
Project; Insurance.
 9




---



##### 



Section 4.02 Cost Certification
 10




---



##### 



Section 4.03 Redeveloper to Operate Project.
  Section 4.04 Authority
Costs.
  Section 4.05 No Discrimination.
  11




---



##### 



Section
4.06 Pay Real Estate Taxes.
  Section 4.07 Payment in Lieu of Taxes.
  Section 4.08 No Assignment or Conveyance.
 12




---



##### 



13




---



##### 



Section 5.01 Financing.
   Section 5.02 Encumbrances.
  14




---



##### 



Section 6.01 General Remedies of Authority and Redeveloper.
  Section 6.02 Additional Remedies of Authority.
    15




---



##### 



16




---



##### 



Section 6.03 Remedies in the Event of Other Redeveloper Defaults.
  Section 6.04 Enforced Delay Beyond Partys
Control
  17




---



##### 



Provided,
 Section 6.05 Limitation of Liability; Indemnification.
   18




---



##### 



Section 7.01 Notice
Recording.
  Section
7.02 Governing Law.
  Section 7.03 Binding Effect; Amendment.
  19




---



##### 



ATTEST:
    
    
    
    COMMUNITY REDEVELOPMENT AUTHORITY OF THE VILLAGE OF JACKSON, NEBRASKA/s/ Donna Hirsch
    
    
    
    By:
    
    /s/ Margaret RahnIts:
    
    Village Crew
    
    
    
    Its:
    
    Chairperson Proteum
 STATE OF NEBRASKA
    
    )) ss.COUNTY OF DAKOTA
    
    )
 th
 (S E A L)GENERAL NOTARY, State of Nebraska
    
    /s/ Joan C. SpencerJOAN
C. SPENCER 
My Comm. Exp. 6-30-08
    
    Notary Public
 20




---



##### 



SIOUXLAND ETHANOL, LLC, 
RedeveloperBy:
    /s/ Tom LynchIts:
    Manager STATE OF NEBRASKA
    
    )) ss.COUNTY OF DAKOTA
    
    )
  (S E A L)GENERAL NOTARY, State of Nebraska
    
    /s/ Ryan JonesRYAN JONES
My Comm. Exp. June 30, 2008
    
    Notary Public
 21




---



##### 



th th th th
  A-1




---



##### 



B-1




---



##### 



1.
    
    Principal Amount:
    
    Not to exceed amount which can be fully paid, with interest,
based on current overall tax levy and projected assessed value of
Project real estate upon completion.2.
    
    Payments:
    
    Interest only in 2006 and 2007. Thereafter, principal and
interest semi-annually, in amounts sufficient to fully pay the
TIF Indebtedness in full on or before December 31, 2021, as set
by Resolution of the Authority.3.
    
    Interest Rate:
    
    Not to exceed ten percent (10%) per annum, as set by
Resolution of the Authority.4.
    
    Maturity Date:
    
    On or before December 31, 2021.5.
    
    Security:
    
    First pledge of TIF Revenues and subordinate pledge of
certain assets of Redeveloper.
 C-1




---



##### 



1.
    
    All acquisition costs of the Redevelopment Area2.
    
    Site work and site preparation3.
    
    Utility extensions, installation of gas, water, sewer and electrical lines and equipment4.
    
    Construction of roadways and rail service lines5.
    
    Pollution control equipment
 D-1




---



##### 



E-1