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03-14-2007 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, March 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 - 3/14/2007 Page 1 / 19 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 - 3/14/2007 Page 2 / 19 Community Redevelopment Authority (CRA) Wednesday, March 14, 2007 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 3/14/2007 Page 3 / 19 AGENDA Wednesday March 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 February 14, 2007 Meeting. 3.Approval of Financial Reports 4.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS RETURN TO REGULAR SESSION Property Negotiation Session Expected 5.Approve Resolution for Purchase of Property and Purchase Agreement 6.Approval of Bills 7.Review and Accept Proposal for the Sale of 1321 N. Cherry Street. 8.Review of Committed Projects and CRA Properties 9.Update on Blight Study for Area 6 Charrettes Scheduled for February 27 and 28 and March 1 and 2 at the Skagway Banquet Center 10.Directors Report 11.Adjournment Next Meeting April 4, 2007 Grand Island Regular Meeting - 3/14/2007 Page 4 / 19 Community Redevelopment Authority (CRA) Wednesday, March 14, 2007 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 3/14/2007 Page 5 / 19 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF March 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 March 14, 2007 at City Hall, 100 E First Street. Notice of the meeting was given in the March 7, 2007 Grand Island Independent. 1.CALL TO ORDER Chair Barry Sandstrom called the meeting to order at 4:05 p.m. The following members were present: Tom Gdowski, Glen Murray, Sue Pirnie, Barry Sandstrom. Also present were; Director, Chad Nabity; Secretary, Barb Quandt; Legal Counsel, Duane Burns; Finance Director, Dave Springer; Council Liaison, Peg Gilbert; GI Independent, Tracy Overstreet Independent. 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 February 14, 2007 CRA meeting was made by Gdowski 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 February 1, 2007 through February 28, 2007. He noted revenue in the amount of $16,590 and expenses of $36,541 for the month. The total ending cash was $834,255. Motion by Murray, second by Pirnie, to approve the financial reports. Upon roll call vote, all present voted aye. Motion carried unanimously. Grand Island Regular Meeting - 3/14/2007 Page 6 / 19 4.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. A motion to adjourn to executive session was made by Pirnie and seconded by Murray at 4:10 p.m. Upon roll call vote, all present voted aye. Motion carried unanimously. A motion to return to regular session was made by Gdowski and seconded by Murray. Upon roll call vote, all present voted aye. Motion carried unanimously. The meeting returned to regular session at 4:19 p.m. 5.APPROVE RESOLUTION FOR PURCHASE OF PROPERTY AND PURCHASE AGREEMENT. A motion was made by Murray, and seconded by Gdowski, to approve Resolution #77 and the Purchase Agreement in the amount of $34,702.00 (assessed value) for the property located at 211 E. First Street. Upon roll call vote, all present voted aye. Motion carried unanimously. 6.APPROVAL OF BILLS. The bills were reviewed by the Authority. Motion by Pirnie, second by Murray to approve the bills in the amount of $5,452.05. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills in the amount of $5,452.05. 7. REVIEW AND ACCEPT PROPOSAL FOR THE SALE OF 1321 N. CHERRY STREET. Nabity reported that the above property was located north of Lincoln School. The CRA received four proposals to purchase this property, which is zoned R-2. The subcommittee reviewed the proposals, which ranged in purchase price offers from $9,000 to $15,000. The proposals were evaluated according to the following scoring criteria: 1) Price - 35 points; 2) Redevelopment Schedule - 40 points; 3) Intended Use - 25 points. Pirnie reported that, based on the scoring criteria, the Grand Island Habitat for Humanity proposal received the highest score. A motion was made by Pirnie, and seconded by Gdowski, to accept the proposal from the Grand Island Habitat For Humanity for the purchase of the property located at 1321 N. Cherry Street. Upon roll call vote, all present voted aye. Motion carried unanimously. 8. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. The total amount for committed projects is $564,232. Nabity briefly updated members regarding each project. Grand Island Regular Meeting - 3/14/2007 Page 7 / 19 9. UPDATE ON BLIGHT STUDY FOR AREA 6. Chad Nabity reported that the charrettes, scheduled for February 27th, 28th and March 1st and 2nd at Skagway Banquet Center were well attended for the first two days. Marty Shukert, of RDG, facilitated the discussion. Due to a snow storm in Omaha, the second two days were postponed. They are tentatively rescheduled for April 30th and May 1st at the Skagway Banquet Center, if available. 10. DIRECTOR’S REPORT. Nabity stated that he will forward a link to a magazine to members containing an article on TIF. Nabity will be a member on a Design Guidelines Committee. 11. ADJOURNMENT. The next meeting will be held on April 4, 2007 at 4:00 p.m. Chair Sandstrom adjourned the meeting at 4:45 p.m. Respectfully submitted, Chad Nabity Director Grand Island Regular Meeting - 3/14/2007 Page 8 / 19 Community Redevelopment Authority (CRA) Wednesday, March 14, 2007 Regular Meeting Item C1 Financial Reports Staff Contact: Chad Nabity Grand Island Regular Meeting - 3/14/2007 Page 9 / 19 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF FEBRUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING FEBRUARY 2007 YEAR TO DATE BUDGET BALANCE CONSOLIDATED Beginning Cash 854,206 1,309,485 1,309,485 REVENUE: Property Taxes 12,001 225,637 715,336 489,699 Loan Proceeds - - Interest Income 4,177 14,871 10,000 (4,871) Land Sales - - 100,000 100,000 Other Revenue 412 3,168 - (3,168) TOTAL REVENUE 16,590 243,676 825,336 581,660 TOTAL RESOURCES 870,797 1,553,161 2,134,821 581,660 EXPENSES Auditing & Accounting - 4,150 8,000 3,850 Legal Services 225 2,575 10,000 7,425 Consulting Services - - 15,000 15,000 Contract Services 1,250 13,500 50,000 36,500 Printing & Binding - - 1,500 1,500 Other Professional Services - 3,429 7,000 3,571 General Liability Insurance - - - - Matching Grant - - - - Legal Notices 24 47 1,000 953 Licenses & Fees - - 4,000 4,000 Travel & Training - - 1,500 1,500 Other Expenditures 10 10 500 490 Office Supplies 32 32 750 718 Supplies - - 500 500 Land - 14,137 115,000 100,863 Façade Improvement 35,000 127,300 445,000 317,700 South Locust - - - - Alleyway Improvement - - - - Other Projects - 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 36,541 718,905 1,607,546 888,641 INCREASE(DECREASE) IN CASH (19,951) (475,229) (782,210) (306,981) ENDING CASH 834,255 834,255 527,275 (306,981) LESS COMMITMENTS 564,232 - AVAILABLE CASH 270,023 834,255 527,275 (306,981) CHECKING 123,773 PETTY CASH 50 INVESTMENTS 710,433 Total Cash 834,255 Grand Island Regular Meeting - 3/14/2007 Page 10 / 19 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF FEBRUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING FEBRUARY 2007 YEAR TO DATE BUDGET BALANCE CRA GENERAL OPERATIONS: Property Taxes 12,001 123,360 492,540 369,180 Interest Income 4,154 14,661 10,000 (4,661) Land Sales - 100,000 100,000 Other Revenue & Motor Vehicle Tax 412 2,467 (2,467) TOTAL 16,567 140,487 602,540 462,053 GILI TRUST Property Taxes - 32,233 65,780 33,547 Interest Income - - - Other Revenue - 324 (324) TOTAL - 32,557 65,780 33,223 CHERRY PARK LTD II Property Taxes 30,453 59,180 28,727 Interest Income 23 100 - (100) Other Revenue 68 - (68) TOTAL 23 30,621 59,180 28,559 GENTLE DENTAL Property Taxes - 4,202 4,202 Interest Income 0 2 - (2) Other Revenue 1 - (1) TOTAL 0 2 4,202 4,200 PROCON TIF Property Taxes 8,785 19,162 10,377 Interest Income 0 26 - (26) Other Revenue 223 - (223) TOTAL 0 9,034 19,162 10,128 WALNUT HOUSING PROJECT Property Taxes 30,806 74,472 43,666 Interest Income 0 83 - (83) Other Revenue 86 - (86) TOTAL 0 30,974 74,472 43,498 TOTAL REVENUE 16,590 243,676 825,336 581,660 Grand Island Regular Meeting - 3/14/2007 Page 11 / 19 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF FEBRUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING FEBRUARY 2007 YEAR TO DATE BUDGET BALANCE EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting 4,150 8,000 3,850 Legal Services 225 2,575 10,000 7,425 Consulting Services - 15,000 15,000 Contract Services 1,250 13,500 50,000 36,500 Printing & Binding - 1,500 1,500 Other Professional Services 3,429 7,000 3,571 General Liability Insurance - - - Matching Grant - - - Legal Notices 24 47 1,000 953 Licenses & Fees - 4,000 4,000 Travel & Training - 1,500 1,500 Other Expenditures - 500 500 Office Supplies 32 32 750 718 Supplies - 500 500 Land 14,137 115,000 100,863 PROJECTS Façade Improvement 35,000 127,300 445,000 317,700 South Locust - - - - Alleyway Improvement - - - - Other Projects - 448,680 725,000 276,320 TOTAL CRA EXPENSES 36,531 613,850 1,384,750 770,900 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 - 3/14/2007 Page 12 / 19 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF FEBRUARY 2007 MONTH ENDED 2006 - 2007 2007 REMAINING FEBRUARY 2007 YEAR TO DATE BUDGET BALANCE Other Expenditures 10 10 - (10) - - - TOTAL WALNUT HOUSING 10 30,893 74,472 43,579 TOTAL EXPENSES 36,541 718,905 1,607,546 888,641 Grand Island Regular Meeting - 3/14/2007 Page 13 / 19 Community Redevelopment Authority (CRA) Wednesday, March 14, 2007 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 3/14/2007 Page 14 / 19 14-Mar-07 TO: Community Redevelopment Authority Board Members FROM: Chad Nabity, Planning Department Director RE: Bills Submitted for Payment at March 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 $27.05 Monthly & Redevelopment Plan Notices Mayer, Burns, Ahlschwede & Koenig $275.00 RDG $2,900.00 Check for Ernest Money for Property Purchase $1,000.00 Total: $5,452.05 Grand Island Regular Meeting - 3/14/2007 Page 15 / 19 Community Redevelopment Authority (CRA) Wednesday, March 14, 2007 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 3/14/2007 Page 16 / 19 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 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 $564,232 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 March 5, 2007 Grand Island Regular Meeting - 3/14/2007 Page 17 / 19 Community Redevelopment Authority (CRA) Wednesday, March 14, 2007 Regular Meeting Item X1 Review Proposal Staff Contact: Chad Nabity Grand Island Regular Meeting - 3/14/2007 Page 18 / 19 Score Sheet for 1321 N Cherry Street Schedule Use Bid Bid Total Proposal From 40 Points Max 25 Points Max 35 Points Max $ Amount Points Mike Galvan 9000 Dan Kunze 10600 Oscar Erives 13002 Habitat for Humanity 15000 Grand Island Regular Meeting - 3/14/2007 Page 19 / 19