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02-14-2007 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, February 14, 2007 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 - 2/14/2007 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 - 2/14/2007 Page 2 / 17 Community Redevelopment Authority (CRA) Wednesday, February 14, 2007 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 2/14/2007 Page 3 / 17 AGENDA Wednesday February 14, 2007 4:00 p.m. Grand Island City Hall Open Meetings Notifications 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 January 10, 2007 Meeting. 3.Approval of Financial Reports 4.Approval of Bills 5.Update on Blight Study for Area 6 Charrettes Scheduled for February 27 and 28 and March 1 and 2 at the Skagway Banquet Center 6.Update on Community Development Block Grant Housing Programs in the CDBG Project Area, a part of CRA Area #1-Marsha Kaslon 7.Review of Committed Projects and CRA Properties 8.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS RETURN TO REGULAR SESSION None expected 9.Directors Report 10.Adjournment Next Meeting March 14, 2007 Grand Island Regular Meeting - 2/14/2007 Page 4 / 17 Community Redevelopment Authority (CRA) Wednesday, February 14, 2007 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 2/14/2007 Page 5 / 17 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF February 14, 2007 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 February 14, 2007 at City Hall, 100 E First Street. Notice of the meeting was given in the February 7, 2007 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: Lee Elliott, Tom Gdowski, Glen Murray, Sue Pirnie, Barry Sandstrom. Also present were; Director, Chad Nabity; Secretary, Barb Quandt; Legal Counsel, Duane Burns. Chair Barry 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. A motion for approval of the Minutes for the January 10, 2007 CRA meeting was made by Pirnie and seconded by Murray. Upon roll call vote, all present voted aye. Motion carried unanimously. 3.APPROVAL OF FINANCIAL REPORTS. Dave Springer briefly reviewed the financial reports for the period of January 1, 2007 through January 31, 2007. He noted revenue in the amount of $29,498 and expenses of $77,490 for the month. The total ending cash was $853,685. Motion by Gdowski, second by Pirnie, to approve the financial reports. Upon roll call vote, all present voted aye. Motion carried unanimously. Grand Island Regular Meeting - 2/14/2007 Page 6 / 17 4.APPROVAL OF BILLS. The bills were reviewed by the Authority. Motion by Murray, second by Gdowski to approve the bills in the amount of $36,541.12. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills in the amount of $36,541.12. Tracey Overstreet, Grand Island Independent, joined the meeting. 5. UPDATE ON BLIGHT STUDY FOR AREA 6. Chad Nabity reported that four days of charrettes are scheduled for February 27th, 28th and March 1st and 2nd at 11:00 a.m. to 1:30 p.m. and 4:00 p.m. to 5:30 p.m. each day. They will be held at the Skagway Banquet Center. Marty Shukert will be presenting and will be available for questions. 6. UPDATE ON COMMUNITY DEVELOPMENT BLOCK GRANT HOUSING PROGRAMS IN THE CDBG PROJECT AREA, A PART OF CRA AREA #1 – MARSHA KASLON Marsha Kaslon reported on the down-payment assistance and rehabilitation programs. She stated that there was one slot available in the down-payment assistance program and three slots available in the rehabilitation program. This area includes South Front Street to Koenig and Cherry Street to Walnut Street. Joni Kuzma reported on the housing study. She stated that the Economic Development Corporation has agreed to contribute $8,000 for the project. Portions of the city will be done in-house by updating what we have. They will apply for a grant to outsource the low income areas. 7. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. The total amount for committed projects is $599,232. Nabity briefly updated members regarding each project. He noted that the Harmony Building project was added and that the Cristo Cordero project has been completed. Nabity also reported that the Request for Development Proposals on the 1321 North Cherry property will be sent out. A committee will review the proposals. Nabity also reported that there has been much interest in the façade program. 8. ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. There was no need for an Executive Session. Grand Island Regular Meeting - 2/14/2007 Page 7 / 17 9. DIRECTOR’S REPORT. Nabity shared the letter of support for NIFA funds which he had signed on behalf of the CRA. Nabity reminded members that the Nebraska Planning & Zoning Association Conference will be held in Grand Island on February 20-22, 2007. 9. ADJOURNMENT. The next meeting will be held on March 14, 2007 at 4:00 p.m. Chair Sandstrom adjourned the meeting at 4:37 p.m. Respectfully submitted, Chad Nabity Director Grand Island Regular Meeting - 2/14/2007 Page 8 / 17 Community Redevelopment Authority (CRA) Wednesday, February 14, 2007 Regular Meeting Item C1 Financial Reports Staff Contact: Chad Nabity Grand Island Regular Meeting - 2/14/2007 Page 9 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING JANUARY 2007 YEAR TO DATE BUDGET BALANCE CONSOLIDATED Beginning Cash 901,678 1,309,485 1,309,485 REVENUE: Property Taxes 28,263 213,635 715,336 501,701 Loan Proceeds - - Interest Income 1,234 10,694 10,000 (694) Land Sales - - 100,000 100,000 Other Revenue - 2,235 - (2,235) TOTAL REVENUE 29,498 226,565 825,336 598,771 TOTAL RESOURCES 931,176 1,536,050 2,134,821 598,771 EXPENSES Auditing & Accounting 3,775 4,150 8,000 3,850 Legal Services 413 2,350 10,000 7,650 Consulting Services - - 15,000 15,000 Contract Services 5,600 12,250 50,000 37,750 Printing & Binding - - 1,500 1,500 Other Professional Services 2,918 3,429 7,000 3,571 General Liability Insurance - - - - Matching Grant - - - - Legal Notices - 23 1,000 977 Licenses & Fees - - 4,000 4,000 Travel & Training - - 1,500 1,500 Other Expenditures - - 500 500 Office Supplies - - 750 750 Supplies - - 500 500 Land - 14,137 115,000 100,863 Façade Improvement 46,105 92,300 445,000 352,700 South Locust - - - - Alleyway Improvement - - - - Other Projects 18,680 448,680 725,000 276,320 Bond Principal - 58,584 112,581 53,997 Bond Interest - 46,461 110,215 63,754 Interest Expense - - - - - - - TOTAL EXPENSES 77,490 682,364 1,607,546 925,182 INCREASE(DECREASE) IN CASH (47,993) (455,799) (782,210) (326,411) ENDING CASH 853,685 853,685 527,275 (326,411) LESS COMMITMENTS 599,232 - AVAILABLE CASH 254,453 853,685 527,275 (326,411) CHECKING 146,961 PETTY CASH 50 INVESTMENTS 706,674 Total Cash 853,685 Grand Island Regular Meeting - 2/14/2007 Page 10 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING JANUARY 2007 YEAR TO DATE BUDGET BALANCE CRA GENERAL OPERATIONS: Property Taxes 28,263 111,358 492,540 381,182 Interest Income 1,195 10,507 10,000 (507) Land Sales - 100,000 100,000 Other Revenue & Motor Vehicle Tax 2,055 (2,055) TOTAL 29,458 123,920 602,540 478,620 GILI TRUST Property Taxes 32,233 65,780 33,547 Interest Income - - - Other Revenue - - - TOTAL - 32,233 65,780 33,547 CHERRY PARK LTD II Property Taxes 30,453 59,180 28,727 Interest Income 38 77 - (77) Other Revenue 68 - (68) TOTAL 38 30,599 59,180 28,581 GENTLE DENTAL Property Taxes - 4,202 4,202 Interest Income 0 1 - (1) Other Revenue 1 - (1) TOTAL 0 2 4,202 4,200 PROCON TIF Property Taxes 8,785 19,162 10,377 Interest Income 26 - (26) Other Revenue 26 - (26) TOTAL - 8,837 19,162 10,325 WALNUT HOUSING PROJECT Property Taxes 30,806 74,472 43,666 Interest Income 1 82 - (82) Other Revenue 86 - (86) TOTAL 1 30,974 74,472 43,498 TOTAL REVENUE 29,498 226,565 825,336 598,771 Grand Island Regular Meeting - 2/14/2007 Page 11 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING JANUARY 2007 YEAR TO DATE BUDGET BALANCE EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting 3,775 4,150 8,000 3,850 Legal Services 413 2,350 10,000 7,650 Consulting Services - 15,000 15,000 Contract Services 5,600 12,250 50,000 37,750 Printing & Binding - 1,500 1,500 Other Professional Services 2,918 3,429 7,000 3,571 General Liability Insurance - - - Matching Grant - - - Legal Notices 23 1,000 977 Licenses & Fees - 4,000 4,000 Travel & Training - 1,500 1,500 Other Expenditures - 500 500 Office Supplies - 750 750 Supplies - 500 500 Land 14,137 115,000 100,863 PROJECTS Façade Improvement 46,105 92,300 445,000 352,700 South Locust - - - - Alleyway Improvement - - - - Other Projects 18,680 448,680 725,000 276,320 TOTAL CRA EXPENSES 77,490 577,319 1,384,750 807,431 GILI TRUST Bond Principal 21,375 37,279 15,904 Bond Interest 11,515 28,501 16,986 TOTAL GILI EXPENSES - 32,890 65,780 32,890 CHERRY PARK LTD II Bond Principal - 16,741 34,131 17,390 Bond Interest - 12,849 25,049 12,200 TOTAL CHERRY PARK EXPENSES - 29,590 59,180 29,590 GENTLE DENTAL Legal Services - - - Bond Principal - 955 1,987 1,032 Bond Interest - 1,146 2,215 1,069 TOTAL GENTLE DENTAL - 2,101 4,202 2,101 PROCON TIF Legal Services - - - - Interest Expense - - - - Licenses & Fees - - - - Other Expenditures - - - - Bond Principal - 4,303 8,250 3,947 Bond Interest - 5,278 10,912 5,634 TOTAL PROCON TIF - 9,581 19,162 9,581 WALNUT HOUSING PROJECT Legal Services - - - - Bond Principal - 15,210 30,934 15,724 Bond Interest - 15,673 43,538 27,865 Grand Island Regular Meeting - 2/14/2007 Page 12 / 17 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING JANUARY 2007 YEAR TO DATE BUDGET BALANCE TOTAL WALNUT HOUSING - 30,883 74,472 43,589 TOTAL EXPENSES 77,490 682,364 1,607,546 925,182 Grand Island Regular Meeting - 2/14/2007 Page 13 / 17 Community Redevelopment Authority (CRA) Wednesday, February 14, 2007 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 2/14/2007 Page 14 / 17 14-Feb-07 TO: Community Redevelopment Authority Board Members FROM: Chad Nabity, Planning Department Director RE: Bills Submitted for Payment at February 14, 2007 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 Grand Island Independent $23.63 Monthly & Redevelopment Plan Notices Mayer, Burns, Ahlschwede & Koenig $225.00 Eakes Office Plus $32.49 Cristo Cordero di Dios $35,000.00 Façade Improvement Grant Well's Fargo Bank $10.00 Total: $36,541.12 Grand Island Regular Meeting - 2/14/2007 Page 15 / 17 Community Redevelopment Authority (CRA) Wednesday, February 14, 2007 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 2/14/2007 Page 16 / 17 COMMITTED PROJECTS AMOUNT ESTIMATED DUE DATE 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 Hall County $37,500 Spring 2007 Romsa Real Estate Center $75,000 Spring 2007 Harmony Bldg. 224 W 3rd Street $68,482 Fall 2007 Total Committed $599,232 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 1321 N Cherry $14,000 12-29-06 $4,200?Demo February 2, 2007 Grand Island Regular Meeting - 2/14/2007 Page 17 / 17