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12-08-2009 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Tuesday, December 8, 2009 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 - 12/8/2009 Page 1 / 38 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 - 12/8/2009 Page 2 / 38 Community Redevelopment Authority (CRA) Tuesday, December 8, 2009 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/8/2009 Page 3 / 38 AGENDA Tuesday December 8, 2009 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 November 12, 2009 Meeting. 3.Approval of Financial Reports. 4.Approval of Bills. 5.Consideration of a Resolution to forward a redevelopment plan amendment to the Hall County Regional Planning Commission for an area on Poplar Street between 9th Street and 12th Street. 6.Consideration of a Resolution of intent to enter into a redevelopment contract for a project located at along Poplar Street between 9th Street and 12th Street. 7.Consideration of a Resolution to forward a redevelopment plan amendment to the Hall County Regional Planning Commission for 423 W 4th Street. 8.Consideration of a Resolution of intent to enter into a redevelopment contract for a project located at 423 W 4th Street. 9.Consideration of a Resolution to approve a Redevelopment Plan Amendment for a project at 703 S Lincoln St. 10.Review of Committed Projects and CRA Properties. 11.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. RETURN TO REGULAR SESSION 12.Approve Resolution or Resolutions to Purchase/Sell Property. 13.Directors Report Grand Island Regular Meeting - 12/8/2009 Page 4 / 38 14.Adjournment Next Meeting January 13, 2010 The CRA may go into closed session for any agenda item as allowed by state law. Grand Island Regular Meeting - 12/8/2009 Page 5 / 38 Community Redevelopment Authority (CRA) Tuesday, December 8, 2009 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/8/2009 Page 6 / 38 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF November 12, 2009 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 November 12, 2009 at City Hall 100 E First Street. Notice of the meeting was given in the November 5, 2009 Grand Island Independent. 1.CALL TO ORDER Chairman Barry Sandstrom called the meeting to order at 4:02 p.m. The following members were present: Glen Murray, Lee Elliott and Tom Gdowski. Also present were; Director, Chad Nabity; Rose Woods; Finance Director; Mary Lou Brown. 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 October 14, 2009 meeting, Murray made the motion to approve the October 14, 2009 meeting minutes. Motion was seconded by Elliott. Upon roll call vote, all present voted aye. Motion carried unanimously. 3.APPROVAL OF FINANCIAL REPORTS. Mary Lou Brown reviewed the financial reports for the period of October 1, 2009 through October 31, 2009. She noted revenue in the amount of $125,884 and expenses in the amount of $8,692 for the month. Total cash was $1,664,734. Motion by Gdowski, seconded by Murray, 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 Sandstrom. Motion made by Elliott seconded by Gdowski to approve the bills in the amount of $3190.07. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills totaling $3190.07. 5.CONSIDERATION OF RESOLUTION 102. This is a consideration of Resolution 102, to forward a redevelopment plan amendment to the Hall County Regional Planning Commission for 703 S Lincoln Street, Grand Island. Nabity explained John Schulte Construction is purchasing property at 703 S Lincoln St., plans are to build a four plex. The units would be 960 Grand Island Regular Meeting - 12/8/2009 Page 7 / 38 square feet per unit, all electric, there is off street parking. Schulte noted without TIF this project would not move forward. Motion was made by Elliott and seconded by Murray to approve Resolution 102 to forward the redevelopment plan to Hall County Regional Planning. Upon roll call vote all present voted aye. Motion carried unanimously to approve Resolution 102. 6.CONSIDERATION OF RESOLUTION 103. The consideration to approve Resolution 103 sending notice of intent to enter into a Redevelopment contract with John Schulte Construction, for redevelopment of an area within the city limits of the City of Grand Island, at 703 S Lincoln Street, Grand Island. Motion was made by Murray and seconded by Elliott to approve Resolution 103 to forward notice of intent to enter into a Redevelopment contract with John Schulte Construction to City Council. Upon roll call vote all present voted aye. Motion carried unanimously to approve Resolution 103. 7.REVIEW OF COMMITTED PROJECTS. Nabity discussed BID 6 landscaping has just added some trees along 2nd street. Romsa Real Estate Center is moving forward, still no bill received for the BID 6 Conduit. Paul Warshauer has not submitted a correct plan from the one that was refused by both the Building and Fire department. Wayside horns are still moving forward. The Dock Façade is progressing nicely, along with the Tattered Book. The “Bucket” TIF will be presented next month. Sin City is moving forward with their Façade as well should be completed soon. Ryder, Rosacker, McHue and Huston haven’t started yet. 8.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS Gdowski made the motion to enter into executive session, seconded by Murray, at 4:21 p.m. Gdowski made the motion to adjourn out of executive session, seconded by Murray at 4:47 p.m. 9.APPROVE RESOLUTION TO PURCHASE/SELL PROPERTY RESOLUTION 104. Elliott made the motion to approve the purchase of 3235 S. Locust for the amount of $450,000, with taxes, special easements to be paid by the seller, the easement being site specific and with the environmental review from Geo Tech. Murray seconded the motion, all present voted aye. Motion carried unanimously to approve Resolution 104. 10. DIRECTOR’S REPORT. There are two TIF applications, 11th & Poplar “Bucket TIF” and 423 W 4th St. U-Save Pharmacy, forth coming. 11. ADJOURNMENT. Chairman Sandstrom adjourned the meeting at 4:55 p.m. The next meeting is scheduled for December 8, 2009 at 4:00 p.m. Grand Island Regular Meeting - 12/8/2009 Page 8 / 38 Respectfully submitted Chad Nabity Director Grand Island Regular Meeting - 12/8/2009 Page 9 / 38 Community Redevelopment Authority (CRA) Tuesday, December 8, 2009 Regular Meeting Item C1 Financial Reports Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/8/2009 Page 10 / 38 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2009 MONTH ENDED 2009 - 2010 2010 REMAINING OCTOBER 2009 YEAR TO DATE BUDGET BALANCE CONSOLIDATED Beginning Cash 1,547,542 1,547,542 1,547,542 REVENUE: Property Taxes 119,499 119,499 662,843 543,344 Loan Proceeds - - - - Interest Income 6,385 6,385 12,940 6,555 Land Sales - - 50,000 50,000 Other Revenue - - - - TOTAL REVENUE 125,884 125,884 725,783 599,899 TOTAL RESOURCES 1,673,426 1,673,426 2,273,325 599,899 EXPENSES Auditing & Accounting 397 397 7,500 7,103 Legal Services 255 255 10,000 9,745 Consulting Services - - 10,000 10,000 Contract Services 3,036 3,036 40,000 36,964 Printing & Binding - - 1,000 1,000 Other Professional Services - - 5,000 5,000 General Liability Insurance - - 250 250 Postage - - 200 200 Matching Grant - - - - Legal Notices 458 458 800 342 Licenses & Fees - - - - Travel & Training - - 1,000 1,000 Other Expenditures - - 500 500 Office Supplies - - 500 500 Supplies - - 300 300 Land - - 100,000 100,000 Façade Improvement - - 539,950 539,950 South Locust - - - - Alleyway Improvement - - - - Other Projects - - 800,000 800,000 Bond Principal 4,546 4,546 161,611 157,065 Bond Interest - - 81,172 81,172 Interest Expense - - - - - - - TOTAL EXPENSES 8,692 8,692 1,759,783 1,751,091 INCREASE(DECREASE) IN CASH 117,192 117,192 513,542 ENDING CASH 1,664,734 1,664,734 2,061,084 LESS COMMITMENTS 884,909 884,909 AVAILABLE CASH 779,825 779,825 2,061,084 - CHECKING 748,847 PETTY CASH 50 INVESTMENTS 915,837 Total Cash 1,664,734 Grand Island Regular Meeting - 12/8/2009 Page 11 / 38 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2009 MONTH ENDED 2009 - 2010 2010 REMAINING OCTOBER 2009 YEAR TO DATE BUDGET BALANCE CRA GENERAL OPERATIONS: Property Taxes 75,001 75,001 425,000 349,999 Interest Income 6,330 6,330 8,000 1,670 Land Sales - - 50,000 50,000 Other Revenue & Motor Vehicle Tax - - - - TOTAL 81,331 81,331 483,000 401,669 GILI TRUST Property Taxes 31,386 31,386 65,780 34,394 Interest Income - - - - Other Revenue - - - - TOTAL 31,386 31,386 65,780 34,394 CHERRY PARK LTD II Property Taxes - - 59,180 59,180 Interest Income 45 45 - (45) Other Revenue - - - - TOTAL 45 45 59,180 59,135 GENTLE DENTAL Property Taxes - - 4,202 4,202 Interest Income 0 0 - (0) Other Revenue - - - - TOTAL 0 0 4,202 4,202 PROCON TIF Property Taxes 8,567 8,567 19,162 10,595 Interest Income - - - - Other Revenue - - - - TOTAL 8,567 8,567 19,162 10,595 WALNUT HOUSING PROJECT Property Taxes - - 74,472 74,472 Interest Income 9 9 - (9) Other Revenue - - - - TOTAL 9 9 74,472 74,463 BRUNS PET GROOMING Property Taxes - - 4,986 4,986 Interest Income - - 4,940 4,940 Other Revenue - - - - TOTAL - - 9,926 9,926 GIRARD VET CLINIC Property Taxes 4,546 4,546 - (4,546) Interest Income - - - - Other Revenue - - - - TOTAL 4,546 4,546 - (4,546) GEDDES ST APTS-PROCON Property Taxes - - 1,195 1,195 Interest Income - - - - Other Revenue - - - - Grand Island Regular Meeting - 12/8/2009 Page 12 / 38 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2009 MONTH ENDED 2009 - 2010 2010 REMAINING OCTOBER 2009 YEAR TO DATE BUDGET BALANCE TOTAL - - 1,195 1,195 SOUTHEAST CROSSING Property Taxes - - 8,866 8,866 Interest Income - - - - Other Revenue - - - - TOTAL - - 8,866 8,866 TOTAL REVENUE 125,884 125,884 725,783 599,899 Grand Island Regular Meeting - 12/8/2009 Page 13 / 38 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2009 MONTH ENDED 2009 - 2010 2010 REMAINING OCTOBER 2009 YEAR TO DATE BUDGET BALANCE EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting 397 397 7,500 7,103 Legal Services 255 255 10,000 9,745 Consulting Services - - 10,000 10,000 Contract Services 3,036 3,036 40,000 36,964 Printing & Binding - - 1,000 1,000 Other Professional Services - - 5,000 5,000 General Liability Insurance - - 250 250 Postage - - 200 200 Matching Grant - - - - Legal Notices 458 458 800 342 Licenses & Fees - - - - Travel & Training - - 1,000 1,000 Other Expenditures - - 500 500 Office Supplies - - 500 500 Supplies - - 300 300 Land - - 100,000 100,000 PROJECTS Façade Improvement - - 539,950 539,950 South Locust - - - - Alleyway Improvement - - - - Other Projects - - 800,000 800,000 TOTAL CRA EXPENSES 4,147 4,147 1,517,000 1,512,853 GILI TRUST Bond Principal - - 51,001 51,001 Bond Interest - - 14,779 14,779 Other Expenditures - - - TOTAL GILI EXPENSES - - 65,780 65,780 CHERRY PARK LTD II Bond Principal - - 39,729 39,729 Bond Interest - - 19,451 19,451 TOTAL CHERRY PARK EXPENSES - - 59,180 59,180 GENTLE DENTAL Bond Principal - - 2,276 2,276 Bond Interest - - 1,926 1,926 TOTAL GENTLE DENTAL - - 4,202 4,202 PROCON TIF Bond Principal - - 9,467 9,467 Bond Interest - - 9,695 9,695 TOTAL PROCON TIF - - 19,162 19,162 WALNUT HOUSING PROJECT Bond Principal - - 39,151 39,151 Bond Interest - - 35,321 35,321 - - - TOTAL WALNUT HOUSING - - 74,472 74,472 Grand Island Regular Meeting - 12/8/2009 Page 14 / 38 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2009 MONTH ENDED 2009 - 2010 2010 REMAINING OCTOBER 2009 YEAR TO DATE BUDGET BALANCE BRUNS PET GROOMING Bond Principal - - 4,986 4,986 Bond Interest - - - - TOTAL BRUNS PET GROOMING - - 4,986 4,986 GIRARD VET CLINIC Bond Principal 4,546 4,546 4,940 394 Bond Interest - - - - TOTAL GIRARD VET CLINIC 4,546 4,546 4,940 394 GEDDES ST APTS - PROCON Bond Principal - - 1,195 1,195 Bond Interest - - - - TOTAL GEDDES ST APTS - PROCON - - 1,195 1,195 SOUTHEAST CROSSINGS Bond Principal - - 8,866 8,866 Bond Interest - - - - TOTAL SOUTHEAST CROSSINGS - - 8,866 8,866 TOTAL EXPENSES 8,692 8,692 1,759,783 1,741,030 Grand Island Regular Meeting - 12/8/2009 Page 15 / 38 Community Redevelopment Authority (CRA) Tuesday, December 8, 2009 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/8/2009 Page 16 / 38 8-Dec-09 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 $ 2,113.39 Accounting Officenet Inc. Postage $ 13.81 Almquit Maltzahn Galloway & Luth Audit $ 3,975.00 Lawnscape mowing Vlcek Gardens - BID 6 $ 43,540.49 Sin City - Brent Linder $ 27,000.00 Ty Romsa $ 75,000.00 Grand Island Independent $ 13.63 Monthly & Redevelopment Plan Notices Mayer, Burns, Koenig & Janulewicz $ 240.00 "Petty Cash" Audit 4/2003 $ 50.00 Total: $ 151,946.32 Grand Island Regular Meeting - 12/8/2009 Page 17 / 38 Community Redevelopment Authority (CRA) Tuesday, December 8, 2009 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/8/2009 Page 18 / 38 COMMITTED PROJECTS AMOUNT ESTIMATED DUE DATE BID 6 (Landscaping)$49,758.23 Fall 2009 Romsa Real Estate Center $75,000 Fall 2009 BID 6 (Conduit)$55,000 Spring 2009 Paul Warshauer (Masonic Temple) $17,700 Spring 2009 2008 Wayside Horns $140,000 Fall 2009 2009 Wayside Horns $100,000 Fall 2009 The Dock Façade $57,250 Fall 2009 T.R. Merchen Facade Tattered Book $154,557 Fall 2009 “Bucket” TIF 11th & Poplar Streets $150,000 Starting in 2010 Sin City Façade $27,000 Spring 2010 Ryder, Rosacker, McHue and Huston Insurance $58,644 Spring 2010 3235 S Locust $450,000 PENDING Total Committed $1,334,909.23 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 $4,869 11-11-05 $7,500 Surplus 211 E 1st $34,702 11-13-07 $8,000 Surplus November 30, 2009 Grand Island Regular Meeting - 12/8/2009 Page 19 / 38 Community Redevelopment Authority (CRA) Tuesday, December 8, 2009 Regular Meeting Item H1 TIF Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/8/2009 Page 20 / 38 Redevelopment Plan Amendment Grand Island CRA Area #1 2009 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area #1 with in the city, pursuant to the Nebraska Community Development Law (the “Act”) and provide for the financing of a specific infrastructure related project in Area #1. Executive Summary: Project Description THE CONSTRUCTION OF AN 8” WATER MAIN BETWEEN 9TH STREET AND 12TH STREET ALONG THE EAST SIDE OF POPLAR STREET AND NECESSARY WATER SERVICE TAPS TO SUPPORT EXISTING AND ANTICIPATED DEVELOPMENT. The extension of the water line will allow for the development of four to seven single family residential lots adjoining the water line. The current intended use of the property is for development of Habitat for Humanity homes. Development of the residential lots is impeded by the lack of potable water infrastructure. The redevelopment plan provides for the water line installation, which in turn allows for development of the residential, lots. The installation is to be made by the City of Grand Island in accordance with its current bidding procedures. The Grand Island Community Redevelopment Authority (CRA) intends to finance this infrastructure improvement by advancing the funds for the infrastructure cost and obtaining repayment capturing the increase in real property ad valorem taxes on the property described herein. The increase in ad valorem taxes generated over the 15 year period beginning January 1, 2011 is intended to reimburse the CRA for its fund advance. Grand Island Regular Meeting - 12/8/2009 Page 21 / 38 Description Of The Real Property On Which Tax Increment Will Be Captured: Property Description (the “Redevelopment Project Area”) TAX INCREMENT FINANCING TO PAY FOR THE WATER LINE WILL COME FROM THE FOLLOWING REAL PROPERTY: This property is located between 9th Street and 12th Street along Poplar Street in northeast Grand Island including: That part of County Subdivision in the W ½ of Section 10, Township 11 North, Range 9 west of the 6th P.M. south of 12th Street and 137’ east of the Poplar Street right of way. Lots 8-14 of Block 2 of Pleasant Hill Addition to the City of Grand Island Lots 7-15 of Block 6 of Pleasant Hill Addition to the City of Grand Island Lots 1 and 2 of Nagorski Subdivision Lots 1-7 of Block 3 of Pleasant Hill Addition to the City of Grand Island Lots 1-12 of Block 5 of Pleasant Hill Addition to the City of Grand Island All public right of way adjacent to the properties identified above. See Attachment #1 for map of boundary of tax increment capture and for Habitat for Humanity lots. The tax increment will be captured for the tax years the payments for which become delinquent in years 2012 through 2025, inclusive. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The largest increase will come from the new housing on the lots that benefit from the new water line. Statutory Pledge of Taxes. Pursuant to Section 18-2147 of the Act, any ad valorem tax levied upon real property in the Redevelopment Project Area shall be divided, for the period not to exceed 15 years after the effective date of the provision, which effective date shall be January 1, 2011. a. That portion of the ad valorem tax which is produced by levy at the rate fixed each year by or for each public body upon the redevelopment project valuation shall be paid into the funds, of each such public body in the same proportion as all other taxes collected by or for the bodies; and b. That portion of the ad valorem tax on real property in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of; the interest on, and any premiums due in connection with the bonds, loans, notes, or advances on money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such Authority for financing or refinancing, in whole or in part, a redevelopment project. When such bonds, loans, notes, advances of money, or indebtedness including interest Grand Island Regular Meeting - 12/8/2009 Page 22 / 38 and premium due have been paid, the Authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon real property in such redevelopment project shall be paid into the funds of the respective public bodies. Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged to the repayment of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in whole or in part, the redevelopment project, including the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness. Redevelopment Plan Amendment Complies with the Act: The Community Development Law requires that a Redevelopment Plan and Project consider and comply with a number of requirements. This Plan Amendment meets the statutory qualifications as set forth below. 1. Project must be in an area declared blighted and substandard. [§18-2109] The Redevelopment Project Area has been declared blighted and substandard by action of the Grand Island City Council on December 19, 2000.[§18-2109] Such declaration was made after a public hearing with full compliance with the public notice requirements of §18-2115 of the Act. 2. Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13)(a) and §18-2110] Grand Island adopted a Comprehensive Plan on July 13, 2004. This redevelopment plan amendment and project are consistent with the Comprehensive Plan, in that no changes in the Comprehensive Plan elements are intended. This plan merely provides for installation of necessary infrastructure allowing for development of residential lots. 3. The Redevelopment Plan must be sufficiently complete to address the following items: [§18-2103(13)(b)] a. Land Acquisition: The Redevelopment Plan for Area #1 provides for real property acquisition and this plan amendment does not prohibit such acquisition. b. Demolition and Removal of Structures: The project to be implemented with this plan does not intend that any structures be removed or demolished. This amendment does not prohibit demolition elsewhere in the Redevelopment Project Area. c. Future Land Use Plan: See the attached map (Figure # 1) as reproduced from the 2004 Grand Island Comprehensive Plan as amended. These properties and all adjacent property are planned for low to medium density residential development typically R1, R2 and R3 zoning districts. [§18-2103(b) and §18-2111] The attached map also is an accurate site plan of the area after redevelopment. [§18-2111(5)] Grand Island Regular Meeting - 12/8/2009 Page 23 / 38 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned R2- Low Density Residential zone. Residential development is anticipated based on this project. No changes are anticipated in street layouts or grades. No changes are anticipated in building codes or ordinances. Nor are any other planning changes contemplated. [§18-2103(b) and §18-2111] e. Site Coverage and Intensity of Use. The R2 zoning district allows for 6000 square foot lots with a minimum width of 50 feet, allowable lot coverage of 35%, maximum building height of 35’ and a density of 1 dwelling unit per 6000 square feet of property. Along this 2 block stretch there are 11 single family dwellings, one duplex and one four- plex. The existing land use of the area is shown on Figure #2. There are 12 vacant lots that could be replatted into a maximum of 7 lots that meet the size requirements for single family development in the R2 zone. [§18-2103(b) and §18-2111]. The proposed lot layout for the Habitat for Humanity lots is attached as Figure #3. Four lots each approximately 125’ by 59 feet will be located west of Poplar Street and north of 11th Street. f. Additional Public Facilities or Utilities. Sewer is available to support this development. Additional water services would be installed with the water main project. New sewer services may be needed to support the additional development. No other utilities would be impacted by the development. [§18-2103(b) and §18-2111] 4. The Act requires a Redevelopment Plan provide for relocation of individuals and families displaced as a result of plan implementation. This amendment does not provide for acquisition of any residences and therefore, no relocation is contemplated. [§18-2103.02] 5. Conflicts of interest by an Authority Member must be disclosed. No member of the Authority, nor any employee thereof holds any interest in any property in the Redevelopment Project Area. [§18-2106] 6. The Act requires that the Authority consider: a. Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. The Authority shall use general funds on hand to pay for plan preparation and legal fees in the estimated amount of $5,000.00; the estimated sum of $130,000 for water line installation and engineering; and the sum of $1,000 for cost reimbursement for the office of the City Treasurer for accounting. These funds will be repaid from the Tax Increment Revenues generated from the project. No property will be transferred to redevelopers. b. Statement of proposed method of financing the redevelopment project. The Authority shall issue its promissory note in the amount of $136,000 to bear interest at the rate of 4% per annum. The note shall be held by the Authority in compensation for Grand Island Regular Meeting - 12/8/2009 Page 24 / 38 general funds advanced to pay for the redevelopment plan and project. The note shall be repaid from the Tax Increment Revenues generated from the Redevelopment Project Area from and after January 1, 2011 through December 2025. c. Statement of feasible method of relocating displaced families. No families will be displaced as a result of this plan. 7. Statutory consideration prior to recommending a redevelopment Plan. Section 18-2113 of the Act requires: Prior to recommending a redevelopment plan to the governing body for approval, an authority shall consider whether the proposed land uses and building requirements in the redevelopment project area are designed with the general purpose of accomplishing, in conformance with the general plan, 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 and 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 provision for light and air, the 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 insanitary or unsafe dwelling accommodations or conditions of blight. The Authority has considered these elements in proposing this Plan Amendment. This amendment, in and of itself will promote consistency with the Comprehensive Plan, in that it will allow for the utilization of undeveloped residential lots. The only conceivable impact as a result of the proposed project is the creation of 7 more single family residences. This will impact traffic on Poplar streets. Development of new housing will raise property values and provide a stimulus to keep surrounding properties properly maintained. This will have the intended result of preventing recurring elements of unsafe dwellings and blighting conditions. 8. Time Frame for Development. Development of this project is anticipated to be completed during the 2010 and 2011 calendar years. The base tax year should be calculated on the value of the property as of January 1, 2010. Excess valuation should be available for this project for 15 years beginning with the 2011 tax year. 9. Justification of Project. Properties along Poplar Street will need the water line to develop. This is infill development in an area with all city services except water. Water is available and can be extended to serve these lots. Public right-of-way is available for the location of the line. No additional property either through easement or fee purchase is expected to be necessary to install the line. At least 4 undeveloped lots that do not have water service will be made available. Grand Island Area Habitat for Humanity is proposing to build 4 houses in this area. At least two and maybe three additional lots will Grand Island Regular Meeting - 12/8/2009 Page 25 / 38 be made developable by this project as well. All of the houses along the street will have the opportunity to connect to city water. 10. Cost Benefit Analysis. Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used. This analysis must address specific statutory issues. (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $1,115,071. Once the water line is installed, the Authority believes that an additional 4 to 7 homes will be built as a result of Habitat for Humanity projects in 2010. This will result in 4 to 7 current families placing houses on the tax rolls. These families already utilize tax services in the city and county. Therefore no tax shifts will result from the project. The project creates additional valuation that will support taxing entities long after the water line is paid. (b) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; This plan provides for a new water line that will be paid from Tax Increment Revenues that will increase as a result of the project. No additional public service needs have been identified. (c) Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; No impact on employers or employees will occur in the Redevelopment Project Area as a result of this plan amendment. (d) Impacts on other employers and employees within the city or village and the immediate area that are located outside of the boundaries of the area of the redevelopment project; and No impact on employers or employees should occur outside the boundaries of the Redevelopment Project Area as a result of this plan amendment. (e) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. No other impacts have been identified as relevant by the Authority. Grand Island Regular Meeting - 12/8/2009 Page 26 / 38 Figure 1 Grand Island Regular Meeting - 12/8/2009 Page 27 / 38 Figure 2 Grand Island Regular Meeting - 12/8/2009 Page 28 / 38 Figure 3 Grand Island Regular Meeting - 12/8/2009 Page 29 / 38 Grand Island Regular Meeting - 12/8/2009 Page 30 / 38 Grand Island Regular Meeting - 12/8/2009 Page 31 / 38 Grand Island Regular Meeting - 12/8/2009 Page 32 / 38 Grand Island Regular Meeting - 12/8/2009 Page 33 / 38 Grand Island Regular Meeting - 12/8/2009 Page 34 / 38 Grand Island Regular Meeting - 12/8/2009 Page 35 / 38 Grand Island Regular Meeting - 12/8/2009 Page 36 / 38 Redevelopment Plan Amendment Grand Island CRA Area #2 November 2009 Property Description This property is located at the corner of Anna Street and Lincoln Avenue (W ½ of the W ½ of Block 16 of Windolphs Addition to the City of Grand Island). Property address is 703 S. Lincoln Avenue in Grand Island Nebraska. Future Land Use Plan See the attached map from the 2004 Grand Island Comprehensive Plan Site Coverage and Intensity of Use The developer is proposing to a 4 unit apartment building on this lot. The developer is proposing to landscape the yards and include underground sprinkling. Each unit will have 2 bedrooms (980 square feet) and it is anticipated that the total occupancy of these units would range from between 4 and 16 people. The total square footage of the building will be 3,922 square feet. Allowable coverage on this lot in the R4 High Density Residential district is 5,544 square feet. The anticipated value of this development at the time of completion is $293,582. Changes to zoning, street layouts and grades or building codes or ordinances The proposed use is permitted in the current zoning district. No changes are anticipated in street layouts or grades. No changes are anticipated in building codes or ordinances. Additional Public Facilities or Utilities Sewer and water are available to support this development. New water and sewer services will be required for this building. No new mains will be required. No other utilities would be impacted by the development. The developer will be responsible for replacing any sidewalks damaged during construction of the project. Grand Island Regular Meeting - 12/8/2009 Page 37 / 38 Time Frame for Development Development of this project is anticipated to be mostly complete during the 2010 calendar year. The base tax year should be calculated on the value of the property as of January 1, 2010. Excess valuation should be available for this project for 15 years beginning with the 2012 tax year. Excess valuation will be paid to the developer’s lender per the contract between the CRA and the developer for a period not to exceed 15 years or $55,575. Grand Island Regular Meeting - 12/8/2009 Page 38 / 38