08-24-2006 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Thursday, August 24, 2006
Regular Meeting Packet
Board Members:
Lee Elliott
Tom Gdowski
Barry Sandstrom
Sue Pirnie
Glen Murray
8:00 AM
Grand Island Regular Meeting - 8/24/2006 Page 1 / 15
Call to Order
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.
DIRECTOR COMMUNICATION
This is an opportunity for the Director to comment on current events, activities, and issues of interest to
the commission.
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Community Redevelopment
Authority (CRA)
Thursday, August 24, 2006
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/24/2006 Page 3 / 15
AGENDA
Thursday August 24, 2006
8:00 a.m.
City Hall
Open Meetings Notifications (Posters on Wall)
1.Call to Order Barry Sandstrom
This is a public meeting subject to the open meetings laws of the State of Nebraska.
The requirements for an open meeting are posted on the wall in this room and anyone
that wants to find out what those are is welcome to read through them.
2.Approval of Minutes of August 9, 2006 Meeting.
3.Approval of Bills
4.Public Hearing to take testimony on the 2006-07 Budget, Levy Request and 1% growth
increase to the revenue base for the Community Redevelopment Authority for the City of
Grand Island
5.Resolution to approve budget, levy request and 1% growth increase to the revenue base for
the 2006-07 Budget
6.Directors Report
7.Adjournment
Next Meeting September 21 or September 20, 2006 4:00 p.m.
Grand Island Regular Meeting - 8/24/2006 Page 4 / 15
Community Redevelopment
Authority (CRA)
Thursday, August 24, 2006
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/24/2006 Page 5 / 15
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
August 24, 2006
Pursuant to due call and notice thereof, a Regular Meeting of the
Community Redevelopment Authority of the City of Grand Island,
Nebraska was conducted on August 24, 2006, at City Hall 100 E First
Street. Notice of the meeting was given in the August 17, 2006 Grand
Island Independent.
1.CALL TO ORDER Chair Barry Sandstrom called the meeting to
order at 8:02 a.m. The following members were present: Lee
Elliott, Barry Sandstrom, Tom Gdowski, Sue Pirnie, Glen Murray
Also present were; Director, Chad Nabity; Legal Counsel, Duane
Burns; Secretary, Barb Quandt; Dave Springer. Chairman
Sandstrom stated this was a public meeting subject to the open
meeting laws of the State of Nebraska. He noted that the
requirements for an open meeting were posted on the wall easily
accessible to anyone who would like to read through them.
2. APPROVAL OF MINUTES. Motion by Gdowski, second by Pirnie to
approve the minutes of the Community Redevelopment Authority
meeting of August 9, 2006. Upon roll call vote, all present voted
aye. Motion carried unanimously.
3.APPROVAL OF BILLS. The bills were reviewed by the Authority.
Motion by Pirnie, second by Murray to approve the bills in the
amount of $660.73. Upon roll call vote all present voted aye.
Motion carried unanimously to approve the payment of bills in
the amount of $660.73.
4.PUBLIC HEARING TO TAKE TESTIMONY ON 2006-07 BUDGET,
LEVY REQUEST AND 1% GROWTH INCREASE TO THE REVENUE
BASE FOR THE COMMUNITY REDEVELOPMENT AUTHORITY FOR
THE CITY OF GRAND ISLAND. Chairman Sandstrom opened the
Public Hearing. Dave Springer briefly reviewed Resolution #72.
He noted that the exact amount of the tax levy to this Authority
was 2.25213 cents per $100 of assessed value on personal and
Grand Island Regular Meeting - 8/24/2006 Page 6 / 15
real property. This is down one tenth of a percent from last
year. No one asked to speak at the public hearing. Chairman
Sandstrom declared the Public Hearing closed.
5. RESOLUTION TO APPROVE BUDGET, LEVY REQUEST AND 1%
GROWTH INCREASE TO THE REVENUE BASE FOR THE 2006-07
BUDGET. Chairman Sandstrom asked for a motion to approve
the Budget, levy request and 1% growth increase to the revenue
base for the Community Redevelopment Authority for the City of
Grand Island. A motion was made by Elliott to approve
Resolution #72 as presented. The motion was seconded by
Gdowski. Upon roll call vote, all present voted aye. Motion
carried unanimously.
6. DIRECTOR’S REPORT. Nabity reported briefly concerning the
South Locust property stating that he had placed an ad and
responded via email to an inquiry about the proposal. The
advertising sign has been ordered, but is not yet in place.
Nabity also reported that an offer from a restoration company
may be purchasing the Masonic Temple building. A development
proposal may be forthcoming. Upon request Nabity also did a
brief review of all CRA projects.
Respectfully submitted,
Chad Nabity
Director
Grand Island Regular Meeting - 8/24/2006 Page 7 / 15
Community Redevelopment
Authority (CRA)
Thursday, August 24, 2006
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/24/2006 Page 8 / 15
DATE: August 24, 2006
TO: Community Redevelopment Authority Board Members
FROM: Chad Nabity, Planning Department Director
RE: Bills Submitted for Payment at August 24, 2006 CRA Meeting
The following bills have been submitted to the Community Redevelopment
Authority Treasurer for preparation of payment.
Hendricksen Appraisal Company 650.00
Grand Island Independent $10.73
Monthly & Redevelopment Plan Notices
Total:
$ 660.73
Grand Island Regular Meeting - 8/24/2006 Page 9 / 15
Community Redevelopment
Authority (CRA)
Thursday, August 24, 2006
Regular Meeting
Item K1
Budget
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/24/2006 Page 10 / 15
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2006 - 2007 BUDGET
2004 2005 2006 2006 2007
Actual ACTUAL Revised Budget Projected Budget
CONSOLIDATED
Beginning Cash 1,159,196 1,110,533 1,139,803 1,139,803 1,324,608
REVENUE:
Property Taxes 576,254 590,228 640,864 678,100 715,336
Loan Proceeds -
Interest Income 14,416 15,926 9,000 17,320 10,000
Land Sales - 13,434 50,000 - 100,000
Other Revenue - 21,872 - 1,938 -
TOTAL REVENUE 590,670 641,460 699,864 697,358 825,336
TOTAL RESOURCES 1,749,866 1,751,993 1,839,667 1,837,161 2,149,944
EXPENSES
Auditing & Accounting 12,750 4,700 8,000 7,000 8,000
Legal Services 7,599 5,907 10,000 6,000 10,000
Consulting Services 1,250 8,000 15,000 5,000 15,000
Contract Services 26,323 22,716 50,000 40,000 50,000
Printing & Binding 984 555 1,500 800 1,500
Other Professional Services 3,250 - 5,000 2,000 5,000
General Liability Insurance - - - - -
Legal Notices 314 474 1,000 600 1,000
Licenses & Fees 62 - - - -
Travel & Training - - 1,500 - 1,500
Other Expenditures 149,008 - 500 100 500
Office Supplies 292 246 750 250 750
Supplies - - 500 - 500
Land - 17,521 200,000 165,000 115,000
Committed Façade Improvements 245,000
New Façade Improvement 221,655 195,699 150,000 100,000 100,000
South Locust 12,000 150,000 150,000 3,900 -
Alleyway Improvement 7,674 - - - -
Other Projects 59,276 61,948 500,000 -100,000
Committed Other Projects 725,000
Property Taxes BID Fees 4,000
Property Management 2,000
Bond Principal 62,450 72,009 71,993 86,707 118,906
Bond Interest 74,446 72,415 72,674 95,196 103,890
TOTAL EXPENSES 639,333 612,190 1,238,417 512,553 1,607,546
INCREASE(DECREASE) IN CASH (48,663) 29,270 (538,553) 184,805 (782,210)
ENDING CASH 1,110,533 1,139,803 601,250 1,324,608 542,398
LESS COMMITMENTS - - -
AVAILABLE CASH 1,110,533 1,139,803 601,250 1,324,608 542,398
CHECKING 639,382 1,139,803 (78,750) 1,324,608 542,398
INVESTMENTS 471,151 - 680,000 - -
Total Cash 1,110,533 1,139,803 601,250 1,324,608 542,398
Grand Island Regular Meeting - 8/24/2006 Page 11 / 15
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2006 - 2007 BUDGET
2004 2005 2006 2006 2007
Actual ACTUAL Revised Budget Projected Budget
CRA
GENERAL OPERATIONS:
Property Taxes 440,206 456,540 492,540 492,540 492,540
Interest Income 14,173 15,695 9,000 17,000 10,000
Land Sales - 13,434 50,000 - 100,000
Other Revenue - 975 1,938
TOTAL 454,379 486,644 551,540 511,478 602,540
GILI TRUST
Property Taxes 68,189 66,498 65,780 65,780 65,780
Interest Income - -
Other Revenue -
TOTAL 68,189 66,498 65,780 65,780 65,780
CHERRY PARK LTD II
Property Taxes 64,425 66,094 59,180 59,180 59,180
Interest Income 216 141 180 -
Other Revenue
TOTAL 64,641 66,235 59,180 59,360 59,180
GENTLE DENTAL
Property Taxes 3,433 4,202 4,202 4,202
Interest Income 28 13 5 -
Other Revenue 1,734
TOTAL 3,461 1,747 4,202 4,207 4,202
PROCON TIF
Property Taxes 19,162 19,162 19,162
Loan Proceeds - 95
Interest Income 72
Other Revenue 19,162
TOTAL - 19,234 19,162 19,257 19,162
WALNUT HOUSING PROJECT
Property Taxes 1,096 37,236 74,472
Loan Proceeds - 6 40
Interest Income
Other Revenue
TOTAL - 1,102 - 37,276 74,472
TOTAL REVENUE 590,670 641,460 699,864 697,358 825,336
Grand Island Regular Meeting - 8/24/2006 Page 12 / 15
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2006 - 2007 BUDGET
2004 2005 2006 2006 2007
Actual ACTUAL Revised Budget Projected Budget
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting 12,750 4,700 8,000 7,000 8,000
Legal Services 2,599 5,907 10,000 6,000 10,000
Consulting Services 1,250 8,000 15,000 5,000 15,000
Contract Services 26,323 22,716 50,000 40,000 50,000
Printing & Binding 984 555 1,500 800 1,500
Other Professional Services 3,250 -5,000 2,000 5,000
General Liability Insurance - - 250
Legal Notices 314 474 1,000 600 1,000
Licenses & Fees
Travel & Training - -1,500 - 1,500
Other Expenditures 25 -500 100 500
Office Supplies 292 246 750 250 750
Supplies -500 - 500
Land 17,521 200,000 165,000 115,000
PROJECTS
Façade Improvement 221,655 195,699 150,000 100,000 445,000
South Locust 12,000 150,000 150,000 3,900 -
Alleyway Improvement 7,674 -0
Other Projects 59,276 61,948 500,000 - 725,000
Property Taxes BID Fees 4,000
Property Management 2,000
TOTAL CRA OPERATING EXPENSES 348,392 467,766 1,093,750 330,650 1,385,000
GILI TRUST
Bond Principal 34,470 37,279 37,279 37,279 37,279
Bond Interest 31,310 28,501 28,501 28,501 28,501
TOTAL GILI EXPENSES 65,780 65,780 65,780 65,780 65,780
CHERRY PARK LTD II
Bond Principal 27,177 29,322 29,322 29,322 34,131
Bond Interest 32,003 29,858 29,858 29,858 25,049
TOTAL CHERRY PARK EXPENSES 59,180 59,180 59,180 59,180 59,180
GENTLE DENTAL
Legal Services - -
Bond Principal 803 1,735 1,735 1,735 1,987
Bond Interest 2,596 2,467 2,467 2,467 2,215
TOTAL GENTLE DENTAL 3,399 4,202 4,202 4,202 4,202
PROCON TIF
Legal Services 5,000 -
Licenses & Fees 61 -
Other Expenditures 148,983 -
Bond Principal 3,673 3,657 3,657 8,250
Bond Interest 8,538 11,589 11,848 11,848 10,912
TOTAL PROCON TIF 162,582 15,262 15,505 15,505 19,162
WALNUT HOUSING PROJECT
Other Expenditures
Bond Principal 14,714 30,934
Bond Interest 22,522 43,538
TOTAL WALNUT HOUSING PROJECT - - - 37,236 74,472
TOTAL EXPENSES 639,333 612,190 1,238,417 512,553 1,607,796
Grand Island Regular Meeting - 8/24/2006 Page 13 / 15
COMMUNITY REDEVELOPMENT AUTHORITY
GRAND ISLAND, NEBRASKA
RESOLUTION #72
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF
THE CITY OF GRAND ISLAND, NEBRASKA (the “Authority”) CERTIFYING THE
AMOUNT OF TAX TO BE LEVIED FOR COMMUNITY REDEVELOPMENT PURPOSES
FOR THE FISCAL YEAR BEGINNING ON OCTOBER 1, 2006 AND ENDING ON
SEPTEMBER 30, 2007.
WHEREAS, the Mayor and City Council of the City of Grand Island, Nebraska (the
“City”), by its Ordinance passed and adopted June 27, 1994, created the Community
Redevelopment Authority of the City of Grand Island, Nebraska, pursuant to Sections 18-2101
through 18-2153 of the Nebraska Community Development Law; Reissue Revised Statutes of
Nebraska, as amended (the “Act”);
WHEREAS, the public hearing required by Section 77-1601.02 of the Nebraska Revised
State Statutes was held on the 24th day of August 2006; and
WHEREAS, the members of the Community Redevelopment Authority have considered
all information which has been put before them which is relevant to the tax request of this
Authority, including, but not limited to, the City of Grand Island’s allocation of a tax levy to this
Authority in the amount of 2.25213 cents per $100 of assessed value on personal and real
property; and
WHEREAS, the members of this Authority have adopted a budget for the fiscal year
beginning October 1, 2006, which provides for a property tax revenue of $492,540.
NOW, THEREFORE, be it resolved as follows:
1.The Community Redevelopment Authority hereby establishes its tax request for the
fiscal year beginning on October 1, 2006, at $492,540.
Grand Island Regular Meeting - 8/24/2006 Page 14 / 15
2.The Community Redevelopment Authority hereby approves the additional 1% growth
increase to the revenue base as permitted by state law.
3.The Chairman of this Authority and the Director of this Authority, and each of them
separately, are hereby authorized, in the name of and for and on behalf of this
Authority, to take any and all action necessary to carry out the provisions of this
Resolution.
Passed and adopted by the Authority this _________ day of _____________, 2006.
COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF
GRAND ISLAND, NEBRASKA
By:_________________________________
It’s Chairperson
ATTEST:
__________________________________
Director/Secretary
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