08-16-2016 City Council Study Session Packet
City of Grand Island
Tuesday, August 16, 2016
Study Session Packet
City Council:
Linna Dee Donaldson
Michelle Fitzke
Chuck Haase
Julie Hehnke
Jeremy Jones
Vaughn Minton
Mitchell Nickerson
Mike Paulick
Roger Steele
Mark Stelk
Mayor:
Jeremy L. Jensen
City Administrator:
Marlan Ferguson
City Clerk:
RaNae Edwards
7:00 PM
Council Chambers - City Hall
100 East 1st Street
Grand Island Study Session - 8/16/2016 Page 1 / 34
City of Grand Island Tuesday, August 16, 2016
Call to Order
This is an open meeting of the Grand Island City Council. The City of Grand Island abides by the Open
Meetings Act in conducting business. A copy of the Open Meetings Act is displayed in the back of this room
as required by state law.
The City Council may vote to go into Closed Session on any agenda item as allowed by state law.
Invocation
Pledge of Allegiance
Roll Call
A - SUBMITTAL OF REQUESTS FOR FUTURE ITEMS
Individuals who have appropriate items for City Council consideration should complete the Request for
Future Agenda Items form located at the Information Booth. If the issue can be handled administratively
without Council action, notification will be provided. If the item is scheduled for a meeting or study
session, notification of the date will be given.
B - RESERVE TIME TO SPEAK ON AGENDA ITEMS
This is an opportunity for individuals wishing to provide input on any of tonight's agenda items to reserve
time to speak. Please come forward, state your name and address, and the Agenda topic on which you will
be speaking.
Grand Island Study Session - 8/16/2016 Page 2 / 34
City of Grand Island
Tuesday, August 16, 2016
Study Session
Item -1
Discussion Concerning 1/2 Cent Sales Tax Ballot Language
Staff Contact: Marlan Ferguson
Grand Island Study Session - 8/16/2016 Page 3 / 34
Administration
Sales Tax
Let’s Keep Grand Island Growing
Grand Island Study Session - 8/16/2016 Page 4 / 34
State Statute 77-27,142 allows incorporated
municipalities to impose a sales and use tax of up to ½%
above the allowed 1 ½%
Ø Must be approved by 70% of the City Council to allow
for a vote
Ø Must be voted on at a primary or general election
Ø Proceeds shall be used for public infrastructure projects
What do we know?
Grand Island Study Session - 8/16/2016 Page 5 / 34
Ø Shall terminate no more than 10 years after its effective
date, or if bonds are issued and the sales tax revenue is
used for payment of bonds.
Ø An interlocal agreement must be established with a
political subdivision within the City/County. Cannot be
one that was in existence for 1-year preceding the
election.
Ø If vote fails, cannot be voted on again for at least 23
months.
What do we know? (cont.)
Grand Island Study Session - 8/16/2016 Page 6 / 34
November, 1989 – Voters approved sales & use tax of
1% for property tax relief.
May, 2004 – Voters approved sales & use tax of an
additional ½% for property tax relief & for capital
improvements.
Each allowed for projects/improvements in our community.
History
Grand Island Study Session - 8/16/2016 Page 7 / 34
Goal
Our goal is to put before the voters an additional ½% sales tax on
all purchases made in Grand Island. The additional ½% would
begin in April, 2017.
THE VOTE: November 8, 2016
We believe that the increase, shared by Grand Islanders and all who visit,
will provide the City the additional financial resources needed
to make continued infrastructure improvements.
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Primary differences between
the current sales tax & the proposed:
-The ballot language (according to the State Statute)
states that the new, additional revenue, can only be used
for public infrastructure projects. The 1989 & 2004
language did not have such restriction.
§13 other Nebraska communities have adopted
an additional sales tax (greater than 1 ½%)
-Interlocal Agreement
Grand Island Study Session - 8/16/2016 Page 9 / 34
Interlocal Agreement with
Community Redevelopment Authority
§State Statue requirement
§Cannot be one that was in existence for 1-year
preceding the election
§Not required to use funds for the purpose of the
agreement
Grand Island Study Session - 8/16/2016 Page 10 / 34
Proposed Ballot Language Summary
Shall the governing body of the incorporated municipality - the City of Grand
Island - increase the local sales and use tax rate by an additional one-half of
one percent (1/2%) from the current rate of one and one-half percent (1 1/2%)
to a rate of two percent (2%) and impose a sales and use tax at the increased
rate upon the same transactions within such municipality on which the State
of Nebraska is authorized to impose a tax and shall the City of Grand Island
increase its budgeted restricted funds for fiscal year 2017-2018 by five
million five hundred thousand dollars ($5,500,000), sixteen percent (16%)
over the current year’s restricted funds?
____ Yes ____ No
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The additional revenue would be used
to fund infrastructure projects including,
but not limited to:
q Public sidewalk construction, reconstruction and
rehabilitation and pedestrian safety improvement projects;
q Downtown parking improvements to serve the needs of
business owners and the public;
q Flood control and water drainage improvements;
q Street and road paving, construction, and improvements;
Grand Island Study Session - 8/16/2016 Page 12 / 34
The additional revenue would be used
to fund infrastructure projects including,
but not limited to (cont.):
q Railroad-street grade separation projects, including
rehabilitation of current underpasses;
q Train noise reduction; and
q Public safety capital equipment purchases.
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The additional revenue would be used
to fund projects that preserve, promote &
enhance the health, safety & welfare of our
citizens & visitors:
q Improve automobile, freight, bicycle and pedestrian traffic
safety;
q Protect property values through drainage improvements and
railroad noise reduction; and
Grand Island Study Session - 8/16/2016 Page 14 / 34
The additional revenue would be used
to fund projects that preserve, promote &
enhance the health, safety & welfare of our
citizens & visitors (cont.):
q Promote a vibrant and economically thriving downtown
business district through rehabilitation of public parking lots
and, if needed, development of new parking capacity.
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DISCUSSION
Grand Island Study Session - 8/16/2016 Page 16 / 34
2017 2018 2019 2020 2021CommentsBeginning Cash 11,259,408 9,285,409 9,782,076 9,832,892 8,861,344 Revenue 36,478,727 37,208,301 38,452,467 39,221,516 40,005,947 Assumes a 2% increase each year, with all Debt Service property tax coming to the General Fund in 2019Transfers In 770,000 770,000 770,000 770,000 770,000 See detail sheetTotal Revenue 37,248,727 37,978,301 39,222,467 39,991,516 40,775,947 Personnel Services 29,181,400 30,786,377 32,479,628 34,266,007 36,150,638 Assumes a 5.5% increase each yearOperating Expense 5,785,573 5,785,573 5,785,573 5,785,573 5,785,573 No increasesTransfers Out 2,635,000 2,145,000 2,145,000 2,145,000 2,145,000 See detail sheetDepartment Equipment 2,299,864 1,450,000 1,450,000 1,450,000 1,450,000 See detail sheet for 2017 and then $1.45M each year afterDebt Pymts 720,888 714,684 711,450 716,484 710,070 For HEC payment and Fire Truck/Ambulance paymentsTotal Appropriations 40,622,725 40,881,634 42,571,651 44,363,064 46,241,281 Unrestricted Cash 7,885,409 6,382,076 6,432,892 5,461,344 3,396,010Restricted Cash - - - - - Ending Cash 7,885,409 6,382,076 6,432,892 5,461,344 3,396,010Sales Tax 1,827,771 5,592,978 5,704,837 5,818,934 5,935,313 Cash Required / (Surplus Cash) (192,675) 1,663,753 1,985,452 3,350,004 5,829,957 Amount needed/(surplus) to maintain 22% reservesUnrestricted Cash 9,285,409 9,782,076 9,832,892 8,861,344 6,796,010 Restricted Cash - - - - - 1/2 Sales Tax Transfer OUT 1,127,771 3,892,978 4,004,837 4,118,934 4,235,313 1/2 Sales Tax GF Cost Reduction 700,000 1,700,000 1,700,000 1,700,000 1,700,000 Revised Ending Cash 9,285,409.15 9,782,076 9,832,892 8,861,344 6,796,010 Current % of Expenses 26.6% 26.7% 25.7% 22.1% 16.2%General Fund Projection8‐16‐16Grand IslandStudy Session - 8/16/2016Page 17 / 34
1
RESOLUTION NO.
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF
GRAND ISLAND, NEBRASKA, PURSUANT TO THE NEBRASKA LOCAL
OPTION REVENUE ACT, PROPOSING AND SUBMITTING TO VOTERS AT THE
2016 GENERAL ELECTION AN INCREASE OF THE LOCAL SALES AND USE
TAX RATE OF AN ADDITIONAL ONE-HALF OF ONE PERCENT (1/2%) FROM
ONE AND ONE-HALF PERCENT (1 1/2%) TO TWO PERCENT (2%).
WHEREAS, the City of Grand Island, Nebraska, local sales and use tax rate
currently is one and one-half percent (1 1/2%) pursuant to Neb. Rev. Stat. §77-27,142,
and Ordinance No. 8910 and
WHEREAS, pursuant to Neb. Rev. Stat. §77-27,142, upon an affirmative vote of
at least seventy percent (70%) of all of the members of the governing body of the City of
Grand Island, the City shall submit to voters a proposal to increase the City sales and use
tax to a rate greater than one and one-half percent (1 1/2%) at a primary or general
election held within the City; and
WHEREAS, the City desires to propose to qualified electors of the City at the
2016 general election to increase the City's sales and use tax rate by an additional one-
half of one percent (1/2%) from one and one-half percent (1 1/2%) to two percent (2%);
and
WHEREAS, pursuant to Neb.Rev.Stat. §77-27,142, tax proceeds from a sales and
use tax rate in excess of one and one-half percent (1 1/2%) shall be used for public
infrastructure projects as defined by §77-27,142; and
WHEREAS, there exists within the City of Grand Island numerous important
infrastructure projects for which funding does not exist and is not projected to exist in
amounts sufficient to compete including, but not limited to:
Public sidewalk construction, reconstruction and rehabilitation and pedestrian safety
improvement projects;
Downtown parking improvements to serve the needs of business owners and the
public;
Flood control and water drainage improvements;
Street and road paving, construction, and improvements;
Railroad-street grade separation projects, including rehabilitation of current
underpasses;
Train noise reduction; and
Public safety capital equipment purchases; and
Grand Island Study Session - 8/16/2016 Page 18 / 34
2
WHEREAS, projects as described above would, if completed, preserve, promote
and enhance the health, safety and welfare of Grand Island’s citizens and visitors by:
Improving automobile, freight, bicycle and pedestrian traffic safety;
Protecting property values through drainage improvements and railroad noise
reduction; and
Promoting a vibrant and economically thriving downtown business district through
rehabilitation of public parking lots and, if needed, development of new parking
capacity; and
WHEREAS, the City desires to propose to qualified electors of the City of Grand
Island that the City be authorized to increase its budgeted restricted funds for fiscal year
2017-2018 by $5,500,000, sixteen percent (16%) over the current year’s restricted funds,
due to the anticipated revenue from an increase in the City's sales and use tax rate by an
additional one-half of one percent (1/2%) from one and one-half percent (1 1/2%) to two
percent (2%); and
WHEREAS, a proposed ballot question for such purpose is submitted with this
Resolution.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the
City of Grand Island, Nebraska, that all of the following actions are hereby adopted and
approved:
Section 1. The Mayor and City Council hereby propose to increase the City of Grand
Island sales and use tax rate by an additional one-half of one percent (1/2%) from one and
one-half percent (1 1/2%) to two percent (2%) and to increase its budgeted restricted
funds for fiscal year 2017-2018 by $5,500,000, sixteen percent (16%) over the current
year’s restricted funds.
Section 2. Said proposal to increase the City of Grand Island sales and use tax rate by
an additional one-half of one percent (1/2%) from one and one-half percent (1 1/2%) to
two percent (2%) and to increase its budgeted restricted funds for fiscal year 2017-2018
by $5,500,000, sixteen percent (16%) over the current year’s restricted funds, shall be
submitted to a vote of qualified electors of the City of Grand Island at the November
2016 general election.
Section 3. The question, in form and content presented with this Resolution as
Exhibit A--"OFFICIAL BALLOT - CITY OF GRAND ISLAND - PROPOSAL TO
INCREASE LOCAL SALES AND USE TAX RATE" and incorporated herein by this
reference, is hereby approved and shall appear on the ballot for qualified electors of the
City of Grand Island at the November 2016 general election, subject to any modifications
the Mayor determines necessary or advisable.
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3
Section 4. The City Clerk or her designee is authorized, directed, and ordered to
submit said question by attesting to and submitting a certified copy of this Resolution to
the Election Commissioner or County Clerk in accordance with applicable law.
Section 5. The Mayor and City Clerk are hereby authorized and directed to take any
other actions as necessary or appropriate to carry out the actions approved in this
Resolution, including, without limitation, providing notice of the submission of the
question increasing such tax not more than 30 days nor less than 10 days previous to the
election, by publication one time in one or more newspapers published in or of general
circulation in the municipality. Such notice shall be in addition to any other notice
required under the general election laws of the state.
Passed and adopted this ____ day of August, 2016.
_____________________________________
Jeremy L. Jensen, Mayor
ATTEST:
________________________________
RaNae Edwards, City Clerk
Grand Island Study Session - 8/16/2016 Page 20 / 34
4
EXHIBIT A
OFFICIAL BALLOT
CITY OF GRAND ISLAND
PROPOSAL TO INCREASE LOCAL SALES AND USE TAX RATE
Shall the governing body of the incorporated municipality - the City of Grand Island -
increase the local sales and use tax rate by an additional one-half of one percent (1/2%)
from the current rate of one and one-half percent (1 1/2%) to a rate of two percent (2%)
and impose a sales and use tax at the increased rate upon the same transactions within
such municipality on which the State of Nebraska is authorized to impose a tax and shall
the City of Grand Island increase its budgeted restricted funds for fiscal year 2017-2018
by five million five hundred thousand dollars ($5,500,000), sixteen percent (16%) over
the current year’s restricted funds?
____ Yes
____ No
A "Yes" Vote: If a majority of the votes cast upon such question shall be in favor of
increasing such local sales and use tax rate by an additional one-half of one percent
(1/2%) to a rate of two percent (2%), then the governing body of such incorporated
municipality - the City of Grand Island - shall be empowered as provided by Section 77-
27,142 of the Nebraska Revised Statutes and shall forthwith proceed to increase the local
sales and use tax rate from one and one-half percent (1 1/2%) to two percent (2%) and
impose a sales and use tax at the increased rate upon the same transactions within such
municipality on which the State of Nebraska is authorized to impose a tax, pursuant to the
Local Option Revenue Act, and shall be empowered to increase its budgeted restricted
funds for fiscal year 2017-2018 by five million five hundred thousand dollars
($5,500,000), sixteen percent (16%) over the current year’s restricted funds?. The
increase in the sales and use tax shall terminate no more than ten years after the effective
date of the increased sales and use tax or, if bonds are issued and the local option sales
and use tax revenue is pledged for payment of such bonds, upon payment of such bonds
and any refunding bonds, whichever date is later.
A "No" Vote: If a majority of those voting on the question shall be opposed to such an
increase of the local sales and use tax rate by an additional one-half of one percent
(1/2%), then the governing body of the incorporated municipality shall not impose such a
tax increase and the local sales and use tax rate will remain unchanged at one and one-
half percent (1 1/2%) and shall not be authorized by this ballot measure to increase its
Grand Island Study Session - 8/16/2016 Page 21 / 34
5
budgeted restricted funds for fiscal year 2017-2018 over the current year’s restricted
funds .
Additional Information Regarding Proposed Local Sales and Use Tax Rate
Increase:
List of reductions or elimination of other taxes or fees, if any: There is not contemplated
at this time to be any elimination of other taxes or fees should a majority of those voting
on such question be in favor of increasing the local sales and use tax rate.
Projects to be funded, in whole or in part, from the revenue collected, along with any
savings or efficiencies resulting from the projects: Revenues from the increased sales
and use tax are to be used for such public infrastructure projects as are allowed pursuant
to the Local Option Revenue Act, including, but not limited to, public highways and
bridges and municipal roads, streets, bridges, and sidewalks; solid waste management
facilities; wastewater, storm water, and water treatment works and systems, water
distribution facilities, and water resources projects, including, but not limited to, pumping
stations, transmission lines, and mains and their appurtenances; hazardous waste disposal
systems; resource recovery systems; airports; port facilities; buildings and capital
equipment used in the operation of municipal government; convention and tourism
facilities; redevelopment projects as defined in Neb. Rev. Stat. § 18-2103; mass transit
and other transportation systems, including parking facilities; and equipment necessary
for the provision of municipal services. Savings and efficiencies will be realized through
economic development brought about by improvements through such public
infrastructure projects.
Years within which the revenue will be collected; payment of bonds: The increase in the
sales and use tax shall terminate no more than ten years after the effective date of the
increased sales and use tax or, if bonds are issued and the local option sales and use tax
revenue is pledged for payment of such bonds, upon payment of such bonds and any
refunding bonds, whichever date is later.
Interlocal Agreement: The City of Grand Island and the City of Grand Island
Community Redevelopment Authority have entered into an interlocal agreement that
created a separate administrative entity for purposes of the agreement, related to public
infrastructure projects. Such interlocal agreement contains provisions relating to the
long-term development of unified governance of public infrastructure projects in the City
with respect to the parties, including but not limited to any such infrastructure projects as
may be funded by revenues from the increased sales and use tax as noted above.
Restricted Fund Increase: The City proposes to increase its budgeted restricted funds for
fiscal year 2017-2018 by $5,500,000, sixteen percent (16%) over the current year’s
restricted funds, due to the anticipated revenue from an increase in the City's sales and
use tax rate by the additional one-half of one percent (1/2%) tax rate. The increase in
budgeted restricted funds is required in order to utilize the additional tax revenue for
infrastructure projects.
Grand Island Study Session - 8/16/2016 Page 22 / 34
City of Grand Island
Tuesday, August 16, 2016
Study Session
Item -2
Presentation on Proposed Fiscal Year 2016-2017 Community
Redevelopment Authority (CRA) Budget
Staff Contact: Chad Nabity
Grand Island Study Session - 8/16/2016 Page 23 / 34
Council Agenda Memo
From:Chad Nabity, AICP, Regional Planning Director
Meeting:August 16, 2016
Subject:Community Redevelopment Authority 2016-2017
Annual Budget
Presenter(s):Chad Nabity, Regional Planning Director
It is my privilege to present to you the budget for the Community Redevelopment
Authority (CRA) for 2016-2017. This plan and budget continues the high-quality services
that have enabled the CRA to partner with the City of Grand Island, private developers
and businesses and with property owners in the blighted and substandard areas to make
Grand Island vibrant, clean, safe and attractive.
The CRA budget for 2016-2017 is offered to you with a review of the responsibilities of
the CRA. Those responsibilities and abilities are outlined in State Statutes and are
summarized, in part, as follows:
The creation of a Redevelopment Authority was authorized by the Nebraska Legislature
in order to provide communities with the ability to address certain areas of a city in need
of improvement and development. Powers granted to CRAs are outlined in Chapter l8 of
the Statutes and include the ability to expend funds to acquire substandard or blighted
areas, make public improvements, and assist with development and redevelopment
projects in specified areas. The Authority has virtually the same powers as any political
subdivision, including borrowing money, issuing bonds, undertaking surveys and
appraisals and asking for a levy of taxes.
A five-member board, appointed by the Mayor with the approval of the City Council,
governs the CRA. The CRA is administered by a Director and devotes the overwhelming
share of its resources to highly visible and effective programs. The CRA funds its
programs primarily through assessments on taxable properties within the Grand Island
city limits.
BLIGHTED AND SUBSTANDARD AREAS
There are 18 designated Blighted and Substandard Areas within the Grand Island City
Limits (see attached map). The City of Grand Island has the authority to designate up to
35% of the community as blighted and substandard. At present 19.84% of the City has
Grand Island Study Session - 8/16/2016 Page 24 / 34
been designated blighted and substandard. Council has approved two blight studies
during the last year for areas 18 south of U.S. Highway 30 and east of Webb Road and 19
the Vanosdall Ball Fields. The CRA does have a study that completed that includes the
Veteran’s Home and surrounding area.
CRA MISSION
The CRA’s mission is to reduce, slow or eliminate blighting influences on property in
those areas that have been designated as blighted and substandard by the Grand
Island City Council. They do this by encouraging new investment and improved
infrastructure in older areas of the community through the use of tax increment financing.
They also take an active role in purchasing and demolishing properties that need to be
cleared. This property is then made available for redevelopment.
FISCAL RESOURCES
General Revenues for 2016-2017
The CRA is requesting property tax revenues of $746,691 including $198,050 for Lincoln
Pool Construction and Bonds and $548,645 for all other CRA programs. The CRA is
requesting the same levy that was approved last year. This will allow the CRA to meet
obligations, and continue with their successful programs. The levies and tax asking have
been:
2015-
2016
2014-
2015
2013-
2014
2012-
2013
2011-
2012
2010-
2011
2009-
2010
2008-
2009
0.026 0.026 0.026 0.026 0.026 0.017742 $0.018076 $0.020790
$732,050 $691,245 $669,384 $654,437 $639,405 $425,000 $425,000 $475,000
Program Funding
The CRA has the ability to assist private developers and governmental entities with the
commercial, residential or mixed-use redevelopment projects throughout the City.
Specific details on projects are as follows:
Purchase of Dilapidated Properties/Infrastructure. The 2016-2017 budget includes
$50,000 for the acquisition of substandard properties in the blighted and
substandard areas and for the provision of infrastructure. The Authority will
consider any property within the designated areas.
Facade Development. For the façade development program $200,000 has been
budgeted, including grants and interest buy down; these projects are unidentified at
this time. This program has been used extensively in the Downtown part of
Redevelopment Area #1 but has also been used in Areas #2 and #6. It is only
Grand Island Study Session - 8/16/2016 Page 25 / 34
available in those areas that have a generalized redevelopment plan including
commercial façade development.
Life Safety and Infrastructure Grants. This is a proposed program to encourage
upper story residential development in Downtown Grand Island. The CRA has
budgeted $265,000 in this line item but is also showing revenue of $100,000 from
the City of Grand Island General Fund. It is anticipated that this program would be
a multi-year program to encourage the development of 50 additional residential
units over the course of a 5 year period. The redevelopment plan for this program
was approved by Council in February of 2015. The CRA received two requests this
last year for funding of $220,000 worth of commitments. A total of 13 housing
units will be funded. The proposed budget line carries over the $65,000 of unspent
funding for upper story residential.
Other Projects. In the blighted and substandard areas, $50,000 has been reserved
for other projects. Council has indicated an interest in an additional study into the
effectiveness and overall impact of Tax Increment Financing projects in Grand
Island. Money from this line item could be allocated toward that project and
analysis.
This funding can be assigned to specific projects including but not limited to
infrastructure improvements in the blighted and substandard areas that would
support larger redevelopment plans. The CRA has used this funding item in the past
to fund additional façade improvement projects and to make grants to fund specific
projects for: the Business Improvement Districts, the Grand Island Parks
Department, Fonner Park, The Central Nebraska Humane Society, St. Stephens,
Habitat for Humanity and other community groups for specific projects that meet
the mission of the CRA.
CONCLUSION
This budget provides for measured funding of redevelopment efforts during the 2016-
2017 fiscal year. The investments this community has made in housing, redevelopment
efforts, infrastructure and economic development bode well for the future of the
community. This budget is reflective of the commitments the CRA has made and will
enable them to pay off existing commitments and maintain a cash balance to guarantee
payment of future commitments.
The CRA will also continue to examine the community to identify areas that might
benefit from a Blighted and Substandard declaration and to review and recommend
approval of redevelopment plan amendments for tax increment financing projects on both
large and small scale developments. All of the tools used by the CRA are necessary for
them to accomplish their mission: to reduce, slow or eliminate blighting influences on
property in those areas that have been designated as blighted and substandard by
the Grand Island City Council.
Grand Island Study Session - 8/16/2016 Page 26 / 34
Grand Island Study Session - 8/16/2016 Page 27 / 34
As of 6/30/16
2015-2016 2016 REMAINING EXPECTED 2017
YEAR TO DATE BUDGET BALANCE YEAR END BUDGET
CONSOLIDATED
Beginning Cash 841,354 841,354 841,354 841,354 901,546
REVENUE:
Property Taxes - CRA 383,509 534,000 150,491 534,000 548,641
Property Taxes - Lincoln Pool 124,262 198,050 73,788 198,050 198,050
Property Taxes -TIF's 439,377 2,041,892 1,680,042 770,556 1,809,856
Loan Income (Poplar Street Water Line)640 - - 7,500 8,000
Interest Income - CRA 121 300 179 300 300
Interest Income - TIF'S 8 - - 23,720 23,720
Land Sales - 100,000 100,000 - 250,000
Other Revenue - CRA 17,316 130,000 112,684 130,000 130,000
Other Revenue - TIF's - - - - -
TOTAL REVENUE 965,235 3,004,242 2,117,183 1,664,126 2,968,567
TOTAL RESOURCES 1,806,589 3,845,596 2,958,537 2,505,480 3,870,113
EXPENSES
Auditing & Accounting - 5,000 5,000 5,000 5,000
Legal Services 1,005 3,000 1,995 2,000 3,000
Consulting Services - 5,000 5,000 - 5,000
Contract Services 51,478 65,000 13,522 75,000 75,000
Printing & Binding - 1,000 1,000 - 1,000
Other Professional Services 8,698 16,000 7,302 9,000 16,000
General Liability Insurance - 250 250 - 250
Postage 71 350 279 100 200
Life Safety - 285,000 285,000 - 265,000
Legal Notices 144 2,000 1,856 1,500 500
Licenses & Fees 53 - - - -
Travel & Training - 1,000 1,000 - 1,000
Other Expenditures - - - - -
Office Supplies 926 400 - 1,100 1,000
Supplies - 300 300 50 300
Land - 200,000 200,000 - 50,000
Bond Principal - Lincoln Pool 175,000 - - 175,000 175,000
Bond Interest 22,088 - - 22,088 20,863
Façade Improvement - 350,000 350,000 - 200,000
Building Improvement 350,855 368,972 18,117 475,000 835,148
Other Projects 525 450,000 449,476 15,525 50,000
Bond Principal-TIF's 339,755 1,290,022 1,006,141 777,245 1,815,774
Bond Interest-TIF's 22,663 31,070 8,949 45,326 17,463
Interest Expense - - - - -
TOTAL EXPENSES 973,259 3,074,364 2,355,187 1,603,934 3,537,497
INCREASE(DECREASE) IN CASH (8,024) (70,122) (238,004) 60,192 (568,930)
ENDING CASH 833,330 771,232 603,350 901,546 332,615
CRA CASH 534,449 634,140 62,683
Lincoln Pool Tax Income Balance 176,208 249,996 252,183
TIF CASH 122,673 17,410 17,749
Total Cash 833,330 901,546 332,615
COMMUNITY REDEVELOPMENT AUTHORITY
16-17 BUDGET
Grand Island Study Session - 8/16/2016 Page 28 / 34
As of 6/30/16
2015-2016 2016 REMAINING EXPECTED 2017
YEAR TO DATE BUDGET BALANCE YEAR END BUDGET
COMMUNITY REDEVELOPMENT AUTHORITY
16-17 BUDGET
CRA
GENERAL OPERATIONS:
Property Taxes - CRA 383,509 534,000 150,491 534,000 548,641
Property Taxes - Lincoln Pool 124,262 198,050 73,788 198,050 198,050
Interest Income 121 300 179 300 300
Loan Income (Poplar Street Water Line)640 - - 7,500 8,000
Land Sales - 100,000 100,000 - 250,000
Other Revenue & Motor Vehicle Tax 17,316 130,000 112,684 130,000 130,000
-
TOTAL 525,850 962,350 437,141 869,850 1,134,991
GENTLE DENTAL
Property Taxes 5,084 - - 3,598 3,598
Interest Income 1 - - 404 404
TOTAL 5,085 - - 4,002 4,002
PROCON TIF
Property Taxes 28,188 19,162 - 15,601 15,601
Interest Income 3 - - 4,101 4,101
TOTAL 28,191 19,162 - 19,702 19,702
WALNUT HOUSING PROJECT
Property Taxes 34,977 74,472 39,495 55,257 55,257
Interest Income 4 - 19,215 19,215
TOTAL 34,981 74,472 39,495 74,472 74,472
BRUNS PET GROOMING
Property Taxes 13,809 13,500 - 13,500 13,500
TOTAL 13,809 13,500 - 13,500 13,500
GIRARD VET CLINIC
Property Taxes 5,113 14,500 9,387 14,500 14,500
TOTAL 5,113 14,500 9,387 14,500 14,500
GEDDES ST APTS-PROCON
Property Taxes 28,334 30,000 1,667 30,000 30,000
TOTAL 28,334 30,000 1,667 30,000 30,000
SOUTHEAST CROSSING
Property Taxes 9,754 15,000 5,246 15,000 18,000
TOTAL 9,754 15,000 5,246 15,000 18,000
POPLAR STREET WATER
Property Taxes 5,751 6,000 249 7,500 8,000
TOTAL 5,751 6,000 249 7,500 8,000
CASEY'S @ FIVE POINTS
Property Taxes 4,655 10,000 5,345 10,000 10,000
TOTAL 4,655 10,000 5,345 10,000 10,000
Grand Island Study Session - 8/16/2016 Page 29 / 34
As of 6/30/16
2015-2016 2016 REMAINING EXPECTED 2017
YEAR TO DATE BUDGET BALANCE YEAR END BUDGET
COMMUNITY REDEVELOPMENT AUTHORITY
16-17 BUDGET
SOUTH POINTE HOTEL PROJECT
Property Taxes 45,061 90,000 44,939 90,000 90,000
TOTAL 45,061 90,000 44,939 90,000 90,000
TODD ENCK PROJECT
Property Taxes 3,410 6,000 2,590 6,000 6,000
TOTAL 3,410 6,000 2,590 6,000 6,000
JOHN SCHULTE CONSTRUCTION
Property Taxes 2,632 6,000 3,368 6,000 6,000
TOTAL 2,632 6,000 3,368 6,000 6,000
PHARMACY PROPERTIES INC
Property Taxes 5,995 11,000 5,005 11,000 11,000
TOTAL 5,995 11,000 5,005 11,000 11,000
KEN-RAY LLC
Property Taxes 42,273 34,000 - 85,000 85,000
TOTAL 42,273 34,000 - 85,000 85,000
TOKEN PROPERTIES RUBY
Property Taxes 1,559 1,458 - 1,500 1,500
TOTAL 1,559 1,458 - 1,500 1,500
GORDMAN GRAND ISLAND
Property Taxes 9,770 40,000 30,230 40,000 40,000
TOTAL 9,770 40,000 30,230 40,000 40,000
BAKER DEVELOPMENT INC
Property Taxes 3,504 3,000 - 3,000 3,000
TOTAL 3,504 3,000 - 3,000 3,000
STRATFORD PLAZA INC
Property Taxes 12,454 35,000 22,546 35,000 35,000
TOTAL 12,454 35,000 22,546 35,000 35,000
COPPER CREEK 2013 Houses
Property Taxes 40,644 - - 80,000 80,000
TOTAL 40,644 - - 80,000 80,000
FUTURE TIF'S
Property Taxes - 882,800 882,800 - 900,000
TOTAL - 882,800 882,800 - 900,000
CHIEF INDUSTRIES AURORA COOP
Property Taxes 19,737 - (19,737) 40,000 40,000
TOTAL 19,737 - (19,737) 40,000 40,000
Grand Island Study Session - 8/16/2016 Page 30 / 34
As of 6/30/16
2015-2016 2016 REMAINING EXPECTED 2017
YEAR TO DATE BUDGET BALANCE YEAR END BUDGET
COMMUNITY REDEVELOPMENT AUTHORITY
16-17 BUDGET
TOKEN PROPERTIES KIMBALL ST
Property Taxes 1,382 - (1,382) 2,700 2,700
TOTAL 1,382 - (1,382) 2,700 2,700
GI HABITAT OF HUMANITY
Property Taxes 2,180 - (2,180) 4,200 8,000
TOTAL 2,180 - (2,180) 4,200 8,000
AUTO ONE INC
Property Taxes 6,002 - (6,002) 11,000 11,000
TOTAL 6,002 - (6,002) 11,000 11,000
EIG GRAND ISLAND
Property Taxes 26,539 - (26,539) 50,000 50,000
TOTAL 26,539 - (26,539) 50,000 50,000
TOKEN PROPERTIES CARY ST
Property Taxes 3,959 - (3,959) 8,000 8,000
TOTAL 3,959 - (3,959) 8,000 8,000
WENN HOUSING PROJECT
Property Taxes 2,179 - (2,179) 4,200 4,200
TOTAL 2,179 - (2,179) 4,200 4,200
COPPER CREEK 2014 Houses
Property Taxes 60,846 - (60,846) 100,000 200,000
TOTAL 60,846 - (60,846) 100,000 200,000
TC ENCK BUILDERS
Property Taxes - - - 3,000
TOTAL - - - 3,000
SUPER MARKET DEVELOPERS
Property Taxes - - - 20,000
TOTAL - - - 20,000
MAINSTAY SUITES
Property Taxes 12,961 (12,961) 25,000 25,000
TOTAL 12,961 - (12,961) 25,000 25,000
TOWER 217
Property Taxes 626 (626) 3,000 12,000
TOTAL 626 - (626) 3,000 12,000
TOTAL REVENUE 965,235 3,004,242 1,664,126 2,968,567
Grand Island Study Session - 8/16/2016 Page 31 / 34
As of 6/30/16
2015-2016 2016 REMAINING EXPECTED 2017
YEAR TO DATE BUDGET BALANCE YEAR END BUDGET
COMMUNITY REDEVELOPMENT AUTHORITY
16-17 BUDGET
EXPENSES - - - -
CRA
GENERAL OPERATIONS:
Auditing & Accounting - 5,000 5,000 5,000 5,000
Legal Services 1,005 3,000 1,995 2,000 3,000
Consulting Services - 5,000 5,000 - 5,000
Contract Services 51,478 65,000 13,522 75,000 75,000
Printing & Binding - 1,000 1,000 - 1,000
Other Professional Services 8,698 16,000 7,302 9,000 16,000
General Liability Insurance - 250 250 - 250
Postage 71 350 279 100 200
Lifesafety Grant - 285,000 285,000 265,000
Legal Notices 144 2,000 1,856 1,500 500
Travel & Training - 1,000 1,000 - 1,000
Office Supplies 926 400 - 1,100 1,000
Supplies - 300 300 50 300
Land - 200,000 200,000 - 50,000
Bond Principal - Lincoln Pool 175,000 - - 175,000 175,000
Bond Interest - Lincoln Pool 22,088 - - 22,088 20,863
PROJECTS
Façade Improvement - 350,000 350,000 200,000
Building Improvement 350,855 368,972 18,117 475,000 835,148
Other Projects 525 450,000 449,476 15,525 50,000
TOTAL CRA EXPENSES 610,841 1,753,272 1,340,097 781,363 1,704,261
GENTLE DENTAL
Bond Principal 3,660 - 7,319 3,917
Bond Interest 542 - 1,085 285
TOTAL GENTLE DENTAL 4,202 - - 8,404 4,202
PROCON TIF
Bond Principal 15,325 13,355 - 30,649 16,416
Bond Interest 3,837 5,807 1,970 7,675 2,747
TOTAL PROCON TIF 19,162 19,162 1,970 38,324 19,163
WALNUT HOUSING PROJECT
Bond Principal 56,188 49,209 - 112,376 60,041
Bond Interest 18,284 25,263 6,979 36,567 14,431
TOTAL WALNUT HOUSING 74,472 74,472 6,979 148,944 74,472
BRUNS PET GROOMING
Bond Principal 7,315 13,500 6,185 13,000 13,500
TOTAL BRUNS PET GROOMING 7,315 13,500 6,185 13,000 13,500
GIRARD VET CLINIC
Bond Principal 418 14,500 14,082 10,000 14,500
TOTAL GIRARD VET CLINIC 418 14,500 14,082 10,000 14,500
GEDDES ST APTS - PROCON
Bond Principal 28,334 30,000 1,667 30,000 30,000
TOTAL GEDDES ST APTS - PROCON 28,334 30,000 1,667 30,000 30,000
Grand Island Study Session - 8/16/2016 Page 32 / 34
As of 6/30/16
2015-2016 2016 REMAINING EXPECTED 2017
YEAR TO DATE BUDGET BALANCE YEAR END BUDGET
COMMUNITY REDEVELOPMENT AUTHORITY
16-17 BUDGET
SOUTHEAST CROSSINGS
Bond Principal 8,451 15,000 6,549 18,000 18,000
TOTAL SOUTHEAST CROSSINGS 8,451 15,000 6,549 18,000 18,000
POPLAR STREET WATER
Bond Principal 2,124 6,000 3,876 10,000 8,000
TOTAL POPLAR STREET WATER 2,124 6,000 3,876 10,000 8,000
CASEY'S @ FIVE POINTS
Bond Principal 380 10,000 9,620 8,600 10,000
TOTAL CASEY'S @ FIVE POINTS 380 10,000 9,620 8,600 10,000
SOUTH POINTE HOTEL PROJECT
Bond Principal 45,061 90,000 44,939 88,000 90,000
TOTAL SOUTH POINTE HOTEL PROJECT 45,061 90,000 44,939 88,000 90,000
TODD ENCK PROJECT
Bond Principal 279 6,000 5,721 8,800 6,000
TOTAL TODD ENCK PROJECT 279 6,000 5,721 8,800 6,000
JOHN SCHULTE CONSTRUCTION
Bond Principal 2,723 6,000 3,277 6,000 6,000
TOTAL JOHN SCHULTE CONSTRUCITON 2,723 6,000 3,277 6,000 6,000
PHARMACY PROPERTIES INC
Bond Principal 5,995 11,000 5,005 11,500 11,000
TOTAL PHARMACH PROPERTIES INC 5,995 11,000 5,005 11,500 11,000
KEN-RAY LLC
Bond Principal 42,273 34,000 - 45,000 85,000
TOTAL KEN-RAY LLC 42,273 34,000 - 45,000 85,000
TOKEN PROPERTIES RUBY
Bond Principal 127 1,458 1,331 1,500 1,500
TOTAL COUNTY FUND #8598 127 1,458 1,331 1,500 1,500
GORDMAN GRAND ISLAND
Bond Principal 9,770 40,000 30,230 40,000 40,000
TOTAL GORDMAN GRAND ISLAND 9,770 40,000 30,230 40,000 40,000
BAKER DEVELOPMENT INC
Bond Principal 1,817 3,000 1,183 3,400 3,000
TOTAL BAKER DEVELOPMENT INC 1,817 3,000 1,183 3,400 3,000
STRATFORD PLAZA LLC
Bond Principal 12,454 35,000 22,546 35,000 35,000
TOTAL STRATFORD PLAZA LLC 12,454 35,000 22,546 35,000 35,000
COPPER CREEK 2013 Houses
Bond Principal 34,993 - - 80,000 80,000
TOTAL COPPER CREEK 34,993 - - 80,000 80,000
Grand Island Study Session - 8/16/2016 Page 33 / 34
As of 6/30/16
2015-2016 2016 REMAINING EXPECTED 2017
YEAR TO DATE BUDGET BALANCE YEAR END BUDGET
COMMUNITY REDEVELOPMENT AUTHORITY
16-17 BUDGET
CHIEF INDUSTRIES AURORA COOP
Bond Principal 1,612 (1,612) 36,500 40,000
TOTAL CHIEF IND AURORA COOP 1,612 (1,612) 36,500 40,000
TOKEN PROPERTIES KIMBALL STREET
Bond Principal 1,382 (1,382) 2,600 2,700
TOTAL TOKEN PROPERTIES KIMBALL ST 1,382 (1,382) 2,600 2,700
GI HABITAT FOR HUMANITY
Bond Principal 178 (178) 4,000 8,000
TOTAL BLANK 178 (178) 4,000 8,000
AUTO ONE INC
Bond Principal 490 (490) 11,000 11,000
TOTAL AUTO ONE INC 490 (490) 11,000 11,000
EIG GRAND ISLAND
Bond Principal 2,168 (2,168) 26,000 50,000
TOTAL BLANK 2,168 (2,168) 26,000 50,000
TOKEN PROPERTIES CARY STREET
Bond Principal 3,959 (3,959) 7,600 8,000
TOTAL TOKEN PROPERTIES CARY ST 3,959 (3,959) 7,600 8,000
WENN HOUSING PROJECT
Bond Principal 2,179 (2,179) 4,200 4,200
TOTAL WENN HOUSING PROJECT 2,179 (2,179) 4,200 4,200
COPPER CREEK 2014 Homes
Bond Principal 48,992 (48,992) 100,000 200,000
TOTAL COPPER CREEK 2014 Homes 48,992 (48,992) 100,000 200,000
TC ENCK BUILDERS
Bond Principal - - 3,000
TOTAL TC ENCK BUILDERS - - 3,000
SUPER MARKET DEVELOPERS
Bond Principal - - 20,000
TOTAL SUPER MARKET DEVELOPERS - - 20,000
MAINSTAY SUITES
Bond Principal 1,059 (1,059) 25,000 25,000
TOTAL MAINSTAY SUITES 1,059 (1,059) 25,000 25,000
TOWER 217
Bond Principal 51 (51) 1,200 12,000
TOTAL TOWER 217 51 (51) 1,200 12,000
FUTURE TIF'S
Bond Principal - 162,000 162,000 900,000
TOTAL FUTURE TIF'S - 162,000 162,000 900,000
TOTAL EXPENSES 973,259 3,074,364 1,603,934 3,537,497
Grand Island Study Session - 8/16/2016 Page 34 / 34