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<br />The Area included in the Urban Renewal Plan (referred to herein as "the Urban Renewal <br />Area" or "the Area") is located in central Louisville, including downtown Louisville, <br />areas east of downtown, and the area west of Highway 42 between approximately South <br />Boulder Road and Elm Street. The boundaries of the Area are delineated on Figure No. <br />1, and described in the legal description included in Section 1.2.1. The figure controls the <br />boundary description in case of any conflict with the legal description. The boundaries <br />of the Urban Renewal Area are drawn narrowly as feasible to accomplish the planning <br />and development objectives of the Urban Renewal Plan. <br />1.2.1 Legal Description <br />A tract of land within the City of Louisville, located in Sections 4, 5, 8 and 9, Township 1 <br />South, Range 69 West of the Sixth (6th) Principal Meridian, County of Boulder, State of <br />Colorado, said tract being more particularly described as follows: <br />Commencing at the Southeast corner of Section 8; thence North 00032'00" East, along the <br />east line of Section 8, a distance of 1325.08 feet to the Southeast corner of the Northeast <br />1/4 of the Southeast corner of Section 8, said point being the Point of Beginning; thence <br />the following courses around said tract: <br />1. North 89017'49" West, along the south line of PINE STREET PLAZA and the south <br /> line of PINE STREET PLAZA extended easterly and westerly, a distance of 583 feet, <br /> more or less, to a point on the westerly line of the Colorado and Southern Railroad <br /> right-of-way; <br />2. South 08014'20" East, along the westerly right-of-way line of the Colorado and <br /> Southern Railroad right-of-way, a distance of 438 feet, more or less, to the northeast <br /> corner of MANSOUR-ENGLE SUBDIVISION; <br />3. South 81038'25" West, along the northerly line of MANSOUR-ENGLE SUBDIVISION <br /> and the northerly line extended westerly, a distance of 188.33 feet, more or less, to the <br /> to a point on the west line of the County Road right-of-way; <br />G: \ COUNCIL \ Agreements \ 2006 \ Hwy 42 Urban Renewal Plan Final.doc <br /> 4 <br />