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10-11-2006 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, October 11, 2006 Regular Meeting Packet Board Members: Lee Elliott Tom Gdowski Barry Sandstrom Sue Pirnie Glen Murray 4:00 PM Grand Island City Hall 100 E 1st Street Grand Island Regular Meeting - 10/11/2006 Page 1 / 17 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. Grand Island Regular Meeting - 10/11/2006 Page 2 / 17 Community Redevelopment Authority (CRA) Wednesday, October 11, 2006 Regular Meeting Item -1 Proposed Deadlines Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/11/2006 Page 3 / 17 I would recommend the following deadlines for submissions to the CRA for placement on the agenda. The timelines are based upon the amount of work necessary to review applications and prepare the items for the meeting. I would suggest that these deadlines be adopted for the December 2006 meeting of the CRA. Deadlines for Submissions to CRA Façade Grants 30 days prior to CRA Meeting TIF Applications 30 days prior to CRA Meeting Redevelopment Plans and Amendments 30 days prior to CRA Meeting Other Grant Applications 21 days prior to CRA Meeting Payment for Façade Grants 14 days prior to CRA Meeting Payment for other Grants 14 days prior to CRA Meeting Grand Island Regular Meeting - 10/11/2006 Page 4 / 17 Community Redevelopment Authority (CRA) Wednesday, October 11, 2006 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/11/2006 Page 5 / 17 AGENDA Wednesday October 11, 2006 4:00 p.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 September 21, 2006 Meeting. 3.Approval of Financial Reports 4.Approval of Bills 5.Review Redevelopment Plan Amendment for CRA Area #2 and request for Tax Increment Financing on proposed improvements at 925, 935 and 939 S. Locust by O’Connor Enterprises. 6.Update on Blight Study for Area 6 7.Review proposed deadlines for submissions to the Grand Island Community Redevelopment Authority. 8.Review of Committed Projects and CRA Properties 9.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS RETURN TO REGULAR SESSION 10.Approve Resolution or Resolutions to Purchase/Sell Property 11.Directors Report 12.Adjournment Next Meeting November ?, 2006 Grand Island Regular Meeting - 10/11/2006 Page 6 / 17 Community Redevelopment Authority (CRA) Wednesday, October 11, 2006 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/11/2006 Page 7 / 17 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF October 11, 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 October 11, 2006, at City Hall 100 E First Street. Notice of the meeting was given in the October 4, 2006 Grand Island Independent. 1.CALL TO ORDER Chair Barry Sandstrom called the meeting to order at 4:02 p.m. The following members were present: Barry Sandstrom, Tom Gdowski, Glen Murray, Sue Pirnie, Lee Elliott. Also present were; Director, Chad Nabity; Secretary, Barb Quandt; Finance Director, Dave Springer; Raymond O’Connor, Jim Nabor and Tracy Overstreet. 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. Approval of the Minutes for the September 21, 2006 CRA meeting was tabled until the November meeting. 3.APPROVAL OF FINANCIAL REPORTS. Dave Springer reviewed the financial reports for the period of September 1, 2006 through September 30, 2006. He noted revenue in the amount of $102,237 and expenses of $5,445 for the month. The total ending cash was $1,306,485. Motion by Pirnie, second by Gdowski, to approve the financial reports. Upon roll call vote, all present voted aye. Motion carried unanimously. 4.APPROVAL OF BILLS. The bills were reviewed by the Authority. Motion by Murray, second by Gdowski to approve the bills in the Grand Island Regular Meeting - 10/11/2006 Page 8 / 17 amount of $2,936.56. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills in the amount of $2,936.56. 5.REVIEW REDEVELOPMENT PLAN FOR CRA AREA #2 AND REQUEST FOR TAX INCREMENT FINANCING ON PROPOSED IMPROVEMENTS AT 925, 935 AND 939 S. LOCUST BY O’CONNOR ENTERPRISES. Raymond O’Connor and Jim Narbor were present to show and explain the proposed plan. Barry Sandstrom excused himself from discussion and action concerning this matter due to a conflict of interest. A letter documenting this conflict of interest has been made a part of the file. O’Connor and Narbor explained that this project would assist with the construction and redevelopment of a commercial facility at 939 South Locust Street. This project will refurbish the existing 1500 square feet building, as well as expanding it to the north and south to a total of 7,780 square feet of tenant space. As a part of this project the developer will be working with the City of Grand Island Public Works Department to create a left turn lane and cut in the median on the south bound South Locust Street at the intersection of Delaware Street and South Locust Street. The estimated project costs are $811,353 including the cost of acquisition of the property and the changes to the intersection of South Locust and Delaware. It was noted that tax increment financing was an integral and essential component in the overall financing of the project development in order to create adequate economics in leasing the newly constructed structure with a competitive rent rate in the specific area of the community. Nabity explained that the total payout limit over fifteen years would be $182,560. If approved by this Board at this meeting, this proposal will go before the Regional Planning Commission on November 1, 2006. It will then come back to CRA for approval of the final contract at the November meeting. The final contract, if approved by CRA, will then go to City Council for approval at the end of November. Motion was made by Gdowski, seconded by Pirnie to approve this proposal as presented. Upon roll call vote, four voted aye. Sandstrom abstained. Motion carried. 6.UPDATE ON BLIGHT STUDY FOR AREA 6. Nabity announced that the kick off meetings to discuss the blight study were held on October 3, 2006. Approximately fifty-five were in attendance for the informational meeting. Focus groups Grand Island Regular Meeting - 10/11/2006 Page 9 / 17 are scheduled to follow the meeting with the first one being held on November 29, 2006. Plans will be drawn up to show some concepts of the redevelopment plan based on ideas from these focus groups. 7. REVIEW PROPOSED DEADLINES FOR SUBMISSIONS TO THE GRAND ISLAND COMMUNITY REDEVELOPMENT AUTHORITY. Nabity presented recommended deadlines for submissions to the CRA based on the amount of work necessary to review applications and preparation of the items for the meeting. After discussion, it was determined that the adoption of these deadlines, with exception of changing the deadline for Façade Grants from 30 days to 45 days prior to the CRA Meeting. A motion was made by Elliott, seconded by Pirnie, to adopt the deadlines for submissions to the CRA as proposed with the exception of changing the Façade Grant submission from 30 days to 45 days. Upon roll call vote all present voted aye. Motion carried unanimously. 8. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. Nabity reviewed the committed projects report. No proposals for the Star Motel property have been received. If proposals are received, a committee may need to be formed to discuss those proposals. Heartland Events Center remains incomplete. Maudie’s Stained Glass has requested payment be made in two increments due to tax purposes with one half being paid in 2006 and the remaining one half in 2007. 9. ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. There was no need for an Executive Session. 10. APPROVE RESOLUTION OR RESOLUTIONS TO PURCHASE/SELL PROPERTY. No action needed. 11. DIRECTOR’S REPORT. Nabity discussed briefly possible plans for the Masonic Temple building. He also reported that the Tax Increment Financing contract regarding Wiley Investments is now complete. Dr. Girard reimbursed the CRA for legal expenses. Grand Island Regular Meeting - 10/11/2006 Page 10 / 17 12. ADJOURNMENT. The next meeting will be held on November 15, 2006 at 4:00 p.m. Chairman Sandstrom adjourned the meeting at 4:55 p.m. Respectfully submitted, Chad Nabity Director Grand Island Regular Meeting - 10/11/2006 Page 11 / 17 Community Redevelopment Authority (CRA) Wednesday, October 11, 2006 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/11/2006 Page 12 / 17 11-Oct.-2006 TO: Community Redevelopment Authority Board Members FROM: Chad Nabity, Planning Department Director RE: Bills Submitted for Payment at October 11, 2006 CRA Meeting The following bills have been submitted to the Community Redevelopment Authority Treasurer for preparation of payment. City of Grand Island Administration $1,250.00 Accounting $375.00 Grand Island Independent Monthly & Redevelopment Plan Notices Mayer, Burns, Ahlschwede & Koenig $800.00 City of Grand Island $511.56 Special Assessment - 2709 S. Locust property Total: $2,936.56 Grand Island Regular Meeting - 10/11/2006 Page 13 / 17 Community Redevelopment Authority (CRA) Wednesday, October 11, 2006 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/11/2006 Page 14 / 17 COMMITTED PROJECTS AMOUNT ESTIMATED DUE DATE Heartland Events Ctr $430,000 September 2006 Central NE Human Soc.$258,000 Spring 2007 Housing Study $8,250 December 2007 JEO Building $117,000 April 2007 Cristo Cordero $35,000 January 2007 Maudies Stained Glass $92,300 January 2007 Hall County $37,500 Spring 2007 Total Committed $978,050 CRA PROPERTIES Address Purchase Price Purchase Date Demo Cost Status 203 E 1st St.$68,627 10-09-02 $23,300 Surplus 217 E 1st St $17,000 03-20-03 $6,500 Surplus 408 E 2nd St $6,000 11-11-05 $7,500 Surplus 2707 and 2709 S. Locust $155,740 12-30-05 $15,339.23 Surplus November 3, 2006 Grand Island Regular Meeting - 10/11/2006 Page 15 / 17 Community Redevelopment Authority (CRA) Wednesday, October 11, 2006 Regular Meeting Item H1 TIF 925, 935 & 939 S Locust Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/11/2006 Page 16 / 17 Grand Island Regular Meeting - 10/11/2006 Page 17 / 17