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11-17-2010 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, November 17, 2010 Regular Meeting Packet Board Members: Michelle Fitzke Tom Gdowski Barry Sandstrom Sue Pirnie Glen Murray 4:00 PM Grand Island City Hall 100 E 1st Street Grand Island Regular Meeting - 11/17/2010 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 - 11/17/2010 Page 2 / 18 Community Redevelopment Authority (CRA) Wednesday, November 17, 2010 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 11/17/2010 Page 3 / 18 AGENDA Wednesday November 17, 2010 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 October 20, 2010 Meeting. 3.Approval of Financial Reports. 4.Approval of Bills. 5.Review Proposals. 6.Review of Committed Projects and CRA Properties. 7.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. RETURN TO REGULAR SESSION 8.Approve Resolution or Resolutions to Purchase/Sell Property. 9.Directors Report 10.Adjournment Next Meeting December 8, 2010 The CRA may go into closed session for any agenda item as allowed by state law. Grand Island Regular Meeting - 11/17/2010 Page 4 / 18 Community Redevelopment Authority (CRA) Wednesday, November 17, 2010 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 11/17/2010 Page 5 / 18 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF October 20, 2010 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 20, 2010 at City Hall 100 E First Street. Notice of the meeting was given in the October 13, 2010 Grand Island Independent. 1.CALL TO ORDER. Barry Sandstrom called the meeting to order at 1:00 p.m. The following members were present: Tom Gdowski, Glen Murray, Sue Pirnie and Michelle Fitzke. Also present were; Director, Chad Nabity; Secretary, Rose Woods; Legal Council, Duane Burns, Carl Mayhew, Kim Mettenbrink, 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 September 30, 2010 meeting, Gdowski made the motion to approve the September 30, 2010 meeting minutes. Motion was seconded by Pirnie. Upon roll call vote, all present voted aye. Motion carried unanimously. 3.APPROVAL OF FINANCIAL REPORTS. Brown reviewed the financial reports for the period of September 1, 2010 through September 30, 2010. She noted revenue in the amount of $109,731 and expenses in the amount of $19,823 for the month. Total cash was $980,091. Motion by Murray, seconded 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 Nabity. Motion made by Pirnie and seconded by Murray to approve the bills in the amount of $63,112.83. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills totaling $63,112.83. 5. CONSIDERATION OF FAÇADE IMPROVEMENTS. Tom Ziller, who is a board member for the Grand Theatre, located at 316 W 3rd St., has requested funding under the façade development program to assist with façade improvements at this location. The anticipated cost of the façade project is $670,000 with a total project cost of approximately $344,000 of developer equity in updates to the building. Ziller is asking for Grand Island Regular Meeting - 11/17/2010 Page 6 / 18 a grant of $300,000. That would be $100,000 a year for three years to offset the costs of the façade improvements. Improvements will be made to the exterior of The Grand to refurbish the sign and marquee, resurface the façade and to restore the box office facing 3rd Street. A report from the review team will be made at the meeting. Ziller explained the recent addition of the digital projection system that was just purchased. Pirnie and Murray both agreed the Grand Theatre is important to downtown GI. Kim Mettenbrink commented the Grand is a “beacon in the community” the Grand has become an important part of Grand Island. Carl Mayhew stated the Grand Theatre is operated by 300 plus volunteers and is self sustaining. Gdowski supports the Grand Theatre but believed the $300,000 request was a little excessive. Motion made by Pirnie and seconded by Murray to approve the $300,000 façade request for the Grand Theatre. Upon roll call vote all but one voted aye. Gdowski voted no. Motion carried to approve the façade grant in the amount $300,000 given $100,000 over the next three years, the total would be given upon completion of the project. 6. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. Nabity reviewed the committed projects. Big O Tires is complete just waiting on the bills. The Chocolate Bar is scheduled to be complete in the spring of 2011. Erives is still moving forward with the project on 120, 122, and 124 W 3rd St. The City of Grand Island is still in the process of handling the BID 6 conduit, which may have been paid for by Federal funds and is trying to figure out how the best way is to go about paying. The Wayside horns project has heard back from the railroad they are asking for a new letter from Steve. The Dock is now complete and has been paid with bills this month. The Goodwill is complete and has been paid this month. The “Bucket” TIF for 11th and Poplar streets is done and just awaiting a $10,000-15,000 for the remaining amount. Habitat for Humanity is on their second of four houses planned for the area. Nabity also talked the property on Pine and on south Locust has been advertised and bids are being accepted. There is no timeline for the acceptance of bids for the south Locust property but the south Pine bids will close near the end of October. 7. ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. Not at this time. Grand Island Regular Meeting - 11/17/2010 Page 7 / 18 8. APPROVE RESOLUTION OR RESOLUTIONS TO PURCHASE/SELL PROPERTY. None at this time. 9. ELECTION OF CHAIR AND VICE-CHAIR. Gdowski nominated Sandstrom for Chair and was seconded by Murray. Upon roll call vote all except one voted aye, Sandstrom abstained. Gdowski nominated Murray for Vice-Chair and was seconded by Pirnie. Upon roll call vote all except one voted aye, Murray abstained. Sandstrom will remain the Chairman and Murray takes over as Vice-Chair. Election of chairs will be held every October. 10. DIRECTOR’S REPORT. Nabity stated there may be a change in next month’s meeting date. 11. ADJOURNMENT. Sandstrom adjourned the meeting at 1:42 p.m. The next meeting is scheduled for November 10, 2010 at 4:00 p.m. Respectfully submitted Chad Nabity Director Grand Island Regular Meeting - 11/17/2010 Page 8 / 18 Community Redevelopment Authority (CRA) Wednesday, November 17, 2010 Regular Meeting Item C1 Financial Reports Staff Contact: Chad Nabity Grand Island Regular Meeting - 11/17/2010 Page 9 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING OCTOBER 2010 YEAR TO DATE BUDGET BALANCE CONSOLIDATED Beginning Cash 980,091 980,091 980,091 REVENUE: Property Taxes 171,967 171,967 662,843 490,876 Loan Proceeds - - - - Interest Income 99 99 12,940 12,841 Land Sales - - 50,000 50,000 Other Revenue 147 147 - (147) TOTAL REVENUE 172,212 172,212 725,783 553,571 TOTAL RESOURCES 1,152,303 1,152,303 1,705,874 553,571 EXPENSES Auditing & Accounting - - 7,500 7,500 Legal Services 300 300 10,000 9,700 Consulting Services - - 10,000 10,000 Contract Services 3,563 3,563 40,000 36,437 Printing & Binding - - 1,000 1,000 Other Professional Services - - 5,000 5,000 General Liability Insurance - - 250 250 Postage 46 46 200 154 Matching Grant - - - - Legal Notices 289 289 800 511 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 58,915 58,915 539,950 481,035 South Locust - - - - Alleyway Improvement - - - - Other Projects - - 800,000 800,000 Bond Principal 13,691 13,691 161,611 147,920 Bond Interest - - 81,172 81,172 Interest Expense - - - - - - - TOTAL EXPENSES 76,804 76,804 1,759,783 1,682,979 INCREASE(DECREASE) IN CASH 95,408 95,408 (53,909) ENDING CASH 1,075,499 1,075,499 926,183 LESS COMMITMENTS 676,481 676,481 AVAILABLE CASH 399,018 399,018 926,183 - CHECKING 609,874 INVESTMENTS 465,625 Total Cash 1,075,499 Grand Island Regular Meeting - 11/17/2010 Page 10 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING OCTOBER 2010 YEAR TO DATE BUDGET BALANCE CRA GENERAL OPERATIONS: Property Taxes 56,907 56,907 425,000 368,093 Interest Income 87 87 8,000 7,913 Land Sales - 50,000 50,000 Other Revenue & Motor Vehicle Tax 147 147 - (147) TOTAL 57,140 57,140 483,000 425,860 GILI TRUST Property Taxes 31,720 31,720 65,780 34,061 Interest Income - - - Other Revenue - - - TOTAL 31,720 31,720 65,780 34,061 CHERRY PARK LTD II Property Taxes 30,355 30,355 59,180 28,825 Interest Income 12 12 - (12) Other Revenue - - - TOTAL 30,367 30,367 59,180 28,813 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 8,701 8,701 19,162 10,461 Interest Income - - - Other Revenue - - - TOTAL 8,701 8,701 19,162 10,461 WALNUT HOUSING PROJECT Property Taxes 30,593 30,593 74,472 43,879 Interest Income - - - Other Revenue - - - TOTAL 30,593 30,593 74,472 43,879 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 - - - Interest Income - - - Other Revenue - - - TOTAL - - - - GEDDES ST APTS-PROCON Property Taxes 13,691 13,691 1,195 (12,496) Interest Income - - - Other Revenue - - - Grand Island Regular Meeting - 11/17/2010 Page 11 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING OCTOBER 2010 YEAR TO DATE BUDGET BALANCE TOTAL 13,691 13,691 1,195 (12,496) SOUTHEAST CROSSING Property Taxes - - 8,866 8,866 Interest Income - - - - Other Revenue - - - - TOTAL - - 8,866 8,866 TOTAL REVENUE 172,212 172,212 725,783 553,571 Grand Island Regular Meeting - 11/17/2010 Page 12 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING OCTOBER 2010 YEAR TO DATE BUDGET BALANCE EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting - 7,500 7,500 Legal Services 300 300 10,000 9,700 Consulting Services - 10,000 10,000 Contract Services 3,563 3,563 40,000 36,437 Printing & Binding - 1,000 1,000 Other Professional Services - 5,000 5,000 General Liability Insurance - 250 250 Postage 46 46 200 154 Matching Grant - - - Legal Notices 289 289 800 511 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 58,915 58,915 539,950 481,035 South Locust - - - Alleyway Improvement - - - Other Projects - 800,000 800,000 TOTAL CRA EXPENSES 63,113 63,113 1,517,000 1,453,887 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 - 11/17/2010 Page 13 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF OCTOBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING OCTOBER 2010 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 - 4,940 4,940 Bond Interest - - - TOTAL GIRARD VET CLINIC - - 4,940 4,940 GEDDES ST APTS - PROCON Bond Principal 13,691 13,691 1,195 (12,496) Bond Interest - - - TOTAL GEDDES ST APTS - PROCON 13,691 13,691 1,195 (12,496) SOUTHEAST CROSSINGS Bond Principal - 8,866 8,866 Bond Interest - - - TOTAL SOUTHEAST CROSSINGS - - 8,866 8,866 POPLAR STREET WATER Bond Principal - - - Bond Interest - - - Auditing & Accounting - - - Contract Services - - - TOTAL SOUTHEAST CROSSINGS - - - - TOTAL EXPENSES 76,804 76,804 1,759,783 1,682,979 Grand Island Regular Meeting - 11/17/2010 Page 14 / 18 Community Redevelopment Authority (CRA) Wednesday, November 17, 2010 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 11/17/2010 Page 15 / 18 17-Nov-10 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 $ 2,551.31 Accounting Oct., Nov., & Dec. 2010 Officenet Inc. Postage $ 29.11 Lawnscape mowing $ 214.00 Grand Island Independent Request for Proposals Monthly & Redevelopment Plan Notices $ 95.28 Mayer, Burns, Koenig & Janulewicz Legal Services $ 169.00 Total: $ 3,058.70 Grand Island Regular Meeting - 11/17/2010 Page 16 / 18 Community Redevelopment Authority (CRA) Wednesday, November 17, 2010 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 11/17/2010 Page 17 / 18 COMMITTED PROJECTS AMOUNT ESTIMATED DUE DATE Big O Tires $65,297.52 Fall 2010 The Chocolate Bar $37,772 Spring 2011 120, 122, 124 W 3rd $71,170 Spring 2011 BID 6 (Conduit)$55,000 Spring 2010 2010 Wayside Horns (Oak, Pine, Elm & Walnut) $140,000 Fall 2010 2012 Wayside Horns (Custer/Blaine) $100,000 Fall 2011 “Bucket” TIF 11th & Poplar Streets $47,101.38 Fall 2010 The Grand Façade $300,000 Spring 2012 Total Committed $676,480.90 CRA PROPERTIES Address Purchase Price Purchase Date Demo Cost Status 408 E 2nd St $4,869 11-11-05 $7,500 Surplus 3235 S Locust $450,000 4-2-2010 $39,764 Surplus Campbell’s Sub Lots 10 & 11 City Swap for 203, 211 & 217 E 1st St. 6-2010 -Surplus October 31, 2010 Grand Island Regular Meeting - 11/17/2010 Page 18 / 18