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09-22-2008 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Monday, September 22, 2008 Regular Meeting Packet Board Members: Lee Elliott Tom Gdowski Barry Sandstrom Sue Pirnie Glen Murray 1:30 PM Grand Island Regular Meeting - 9/22/2008 Page 1 / 18 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 - 9/22/2008 Page 2 / 18 Community Redevelopment Authority (CRA) Monday, September 22, 2008 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 9/22/2008 Page 3 / 18 AGENDA Monday, September 22, 2008 1:30 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 September 5, 2008 Meeting. 3.Approval of Financial Reports 4.Approval of Bills 5.Consideration of Resolution 91 to forward a redevelopment plan amendment, Cost Benefit Analysis and proposed TIF contract to the Grand Island City Council for CRA Area #7 located in the Platte Valley Industrial Park East Development 6.Review of Committed Projects and CRA Properties 7.Discussion of Possible Purchase of Properties in CRA Designated Areas 8.Directors Report 9.Adjournment Next Meeting October 8, 2008 The CRA may go into closed session for any agenda item as allowed by state law. Grand Island Regular Meeting - 9/22/2008 Page 4 / 18 Community Redevelopment Authority (CRA) Monday, September 22, 2008 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 9/22/2008 Page 5 / 18 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF September 5, 2008 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 September 5, 2008 at City Hall 100 E First Street. Notice of the meeting was given in the August 29, 2008 Grand Island Independent. 1.CALL TO ORDER Chair Barry Sandstrom called the meeting to order at 10:08 a.m. The following members were present: Barry Sandstrom, Tom Gdowski, Sue Pirnie, and Glen Murray. Also present were; Director, Chad Nabity; Secretary Rose Woods; Council Liaison; Peg Gilbert, Grand Island Economic Development Corp; Marlan Ferguson, Denise Gallagher, and attorney, Mike Bacon of Gothenburg, Grand Island resident, Gene Dominick, Grand Island Independent Reporter, Tracy Overstreet. 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 August 13, meeting, Gdowski made the motion seconded by Murray. Upon roll call vote, all present voted aye. Motion carried unanimously. 3.CONSIDERATION OF RESOLUTION NO. 88. A Resolution to forward a redevelopment plan to the Hall County Regional Planning Commission for CRA Area #7, located in the Platte Valley Industrial Park East Development. Marlan Ferguson stated this is an international company, looking at 160 acres just south of Schimmer Drive that would create 300 plus jobs for the community of Grand Island. The area the Grand Island Regular Meeting - 9/22/2008 Page 6 / 18 company is interested in is south of Schimmer Drive and east of the Industrial Park’s rail line. The company has proposed to spend $30 million on real estate improvements and $40 million in personal property at the Platte Valley Industrial Park East. Mike Bacon stated the property taxes the company would pay could be diverted through tax-increment financing to pay for the repaving of Schimmer Drive from Highway 281 to South Locust Street with the addition of turning lanes. The difficulty of the project stems from the fact that half of Schimmer Drive lies outside of city limits and outside of the CRA’s blighted and substandard area, which was identified for redevelopment in August 2007. Bacon suggested that two bonds be issued for the project. One would be a city bond to pay for the in-city road improvements, sewer and water extensions. The other would be a bond issued to local lenders to raise the money needed for the Schimmer improvements outside of city limits and to buy the land, which the EDC would own and lease back to the company. The tax- increment financing on the project is estimated to be about $595,000 a year which would be used to pay the bonds. CRA Director, Chad Nabity stated if Schimmer Drive were upgraded, land adjacent to that road would begin to sell for additional industrial development. Murray thought this would be a great opportunity for the city and the community. After no further discussion Sandstrom looked for a motion to forward the Redevelopment Plan Amendment to the Hall County Regional Planning Commission for the CRA #7 Area. Gdowski made the motion to forward Resolution 88 to the Regional Planning Commission, seconded by Pirnie. Upon roll call vote, all present voted aye. Motion carried unanimously. 4.CONSIDERATION OF RESOLUTION NO. 89. A Resolution of the Community Redevelopment Authority of the City of Grand Island, requesting the Grand Island City Council adopt a resolution, to include additional properties located outside of the Grand Island Municipal Limits and CRA Area #7. Grand Island Regular Meeting - 9/22/2008 Page 7 / 18 Sandstrom asked for any discussion, hearing none, he asked for a motion to approve Resolution No. 89 After no further discussion Sandstrom looked for a motion to forward the Resolution to the Grand Island City Council for adoption. Murray made the motion to forward Resolution No. 89 to the Grand Island City Council requesting the Grand Island City Council adopt a resolution, to include additional properties located outside of the Grand Island Municipal Limits and CRA Area #7, seconded by Pirnie, upon roll call vote, all present voted aye. Motion carried unanimously. 5.CONSIDERATION OF RESOLUTION NO. 90. A Resolution of the Community Redevelopment Authority of the City of Grand Island, providing the Grand Island City Council Notice of Intent to Enter Into a Redevelopment Contract after a passage of thirty days from the adoption of this resolution. Sandstrom asked for any discussion, hearing none, he asked for a motion to approve Resolution No. 90, providing Grand Island City Council notice of intent to enter into a redevelopment contract after a passage of 30 days from the adoption of this resolution. Gdowski made the motion to forward Resolution No. 90 to the Grand Island City Council providing the Grand Island City Council notice of intent to enter into a redevelopment contract, seconded by Murray. Upon roll call vote, all present voted aye. Motion carried unanimously. 6.ADJOURNMENT. Chairman Sandstrom adjourned the meeting at 10:45 a.m. The next meeting is scheduled for September 22, 2008. Respectfully submitted Chad Nabity Director Grand Island Regular Meeting - 9/22/2008 Page 8 / 18 Community Redevelopment Authority (CRA) Monday, September 22, 2008 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 9/22/2008 Page 9 / 18 22-Sep-08 TO: Community Redevelopment Authority Board Members FROM: Chad Nabity, Planning Department Director RE: Bills Submitted for Payment The following bills have been submitted to the Community Redevelopment Authority Treasurer for preparation of payment. City of Grand Island Administration Fees July/Aug $3,875.90 Accounting Officenet Inc. Postage $15.47 Lawn Care Grand Island Independent $25.82 Monthly & Redevelopment Plan Notices Mayer, Burns, Koenig & Janulewicz Legal Services $180.00 Total: $4,097.19 Grand Island Regular Meeting - 9/22/2008 Page 10 / 18 Community Redevelopment Authority (CRA) Monday, September 22, 2008 Regular Meeting Item J1 Resolution Staff Contact: Chad Nabity Grand Island Regular Meeting - 9/22/2008 Page 11 / 18 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 91 A RESOLUTION RECOMMENDING APPROVAL OF A REDEVELOPMENT PLAN WHICH AMENDS THE VALUE ADDED REDEVELOPMENT AREA REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA, INCLUDING A REDEVELOPMENT CONTRACT AND REDEVELOPMENT PROJECT OF THE CITY OF GRAND ISLAND, NEBRASKA; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Mayor and Council of the City of Grand Island, Nebraska (the “City”), upon the recommendation of the Planning Commission of the City of Grand Island, Nebraska (the “Planning Commission”), and in compliance with all public notice requirements imposed by the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), duly declared a portion of the area described on Exhibit A attached hereto to be blighted and substandard and in need of redevelopment. The property described on Exhibit A is hereafter designated the “Redevelopment Area”; and WHEREAS, pursuant to and in furtherance of the Act, a Redevelopment Contract, including a Redevelopment Plan (collectively, the “Redevelopment Contract”), has been prepared and submitted to the Authority by the GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION a Nebraska corporation (the “Developer”), in the form attached hereto as Exhibit B, for the purpose of redeveloping a portion of the Redevelopment Area and includes a provision to divide certain ad valorem taxes as provided in Section 18-2147 of the Act on that portion of the Redevelopment Area legally described on Exhibit C (the “Project Area”) to assist in the redevelopment thereof; and WHEREAS, the Redevelopment Contract constitutes a redevelopment plan amendment to the Value Added Redevelopment Plan for the Project Area; and WHEREAS, pursuant to the Redevelopment Contract, the Authority would agree to incur indebtedness and make a grant for the purposes specified in the Redevelopment Contract (the “Project”), in accordance with and as permitted by the Act; and WHEREAS, the Authority has made certain findings and pursuant thereto has determined that it is in the best interests of the Authority and the City to enter into the Redevelopment Contract and to carry out the transactions contemplated thereby. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA AS FOLLOWS: Section 1. The Authority has determined that the proposed land uses and building requirements in the Project Area are designed with the general purposes of accomplishing, and in conformance with the general plan of the City, a coordinated, adjusted, and harmonious development of the City and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity and the general welfare, as well as efficiency in economy in the process of development; including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provisions for light and air, the Grand Island Regular Meeting - 9/22/2008 Page 12 / 18 -2- promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and community facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of unsanitary or unsafe dwelling accommodations, or conditions of blight. Section 2. The Authority has conducted a cost benefit analysis for the Project in accordance with the Act, and has found and hereby finds that the Project would not be economically feasible without the use of tax increment financing, the Project would not occur in the Project Area without the use of tax increment financing and the costs and benefits of the Project, including costs and benefits to other affected political subdivisions, the economy of the community, and the demand for public and private services, have been analyzed and have been found to be in the long term best interests of the community impacted by the Project. Section 3. The Redevelopment Contract constitutes a redevelopment plan amendment to the Value Added Redevelopment Plan for the Project Area. Section 4. The recommendation, in the form of a Resolution, of the Hall County Regional Planning Commission with regard to the Redevelopment Contract is attached hereto as Exhibit D. Section 5. The proposed method and estimated cost of acquisition and preparation for redevelopment of the Project Area and method of financing the Redevelopment Project are set forth in the Redevelopment Contract. No proceeds from disposition of real property by the Authority to redevelopers is contemplated by the Redevelopment Contract. No relocation of families is required under the Redevelopment Contract. Section 6. The Authority hereby recommends to the Mayor and City Council of the city of Grand Island the approval of the Redevelopment Plan submitted by the Developer and the approval of the Redevelopment Contract, with such changes, additions and deletions as are deemed necessary or advisable by the Chairman and Secretary in their sole and absolute discretion, the approval of such changes to be evidenced by the signatures of the Chairman and Secretary on the Redevelopment Contract. Section 7. All prior resolutions of the Authority in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 8. This resolution shall be in full force and effect from and after its passage and approval. [The remainder of this page intentionally left blank.] Grand Island Regular Meeting - 9/22/2008 Page 13 / 18 PASSED AND APPROVED this ______ day of September, 2008. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND NEBRASKA ATTEST:By: ___________________________________ Chairman By: ___________________________________ Secretary Grand Island Regular Meeting - 9/22/2008 Page 14 / 18 EXHIBIT A Beginning at a point 200’ West of and 200’ North of the Section Corner Common to Sections 36-11-10, 32-11-9, 1-10-10 and 5-10-9; thence East on a line 200’ North of and parallel to the South line of Sections 36-11-10, 32-11-9, 33-11-9 and 34-11-9 to a point 200’ East of and 200’ North of the Southwest Corner of Section 34-11-9; thence South on a line to a point 200’ South of and 200’ East of the Northwest Corner of Section 3-10-9; thence West on a line 200’ South of and Parallel to the North Line of Sections 3-10-9 and 4-10-9 to a point 200’ South of and 100’ East of the Northwest Corner of Section 4-10-9; thence South on a line 100’ East of and Parallel to the West Line of Sections 4-10-9 and 9-10-9 to a point 100’ South of and 100’ East of the Northwest Corner of Section 9-10-9; thence West on a line to a point 100’ South of and 100’ West of the Northeast Corner of Section 8-10-9; thence North on a line 100’ West of and Parallel to the East Line of Sections 5-10-9 and 8-10-9 to a point on the North line of the Southeast Quarter of Section 5-10-9; thence West along the North line of the Southeast Quarter of Section 5-10-9to the center of Section 5-10-9; thence North on the West line of the Northeast Quarter of Section 5-10-9 to a point 200’ South of the North line of Section 5-10-9; thence West on a line 200’ South of and Parallel to the North line of Sections 5-10-9 and 1-10-10 to a point 200’ West of and 200’ South of the Northeast Corner Section 1-10-10; thence North on a line 200’ West of and Parallel to the East line of Sections 1-10-10 and 36-11-10 to the Point of Beginning all West of the 6th P.M. in Hall County, Nebraska. * * * * * Grand Island Regular Meeting - 9/22/2008 Page 15 / 18 EXHIBIT B FORM OF REDEVELOPMENT CONTRACT Grand Island Regular Meeting - 9/22/2008 Page 16 / 18 EXHIBIT C LEGAL DESCRIPTION OF PROJECT AREA The Northeast ¼ of Section 5, Township 10, Range 9, West of the 6th P.M. in City of Grand Island, Hall County, Nebraska, except such portion thereof as are comprised of public roadways. * * * * * Grand Island Regular Meeting - 9/22/2008 Page 17 / 18 EXHIBIT D RESOLUTION OF HALL COUNTY REGIONAL PLANNING COMMISSION * * * * * Grand Island Regular Meeting - 9/22/2008 Page 18 / 18