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12-15-2010 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, December 15, 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 - 12/15/2010 Page 1 / 25 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 - 12/15/2010 Page 2 / 25 Community Redevelopment Authority (CRA) Wednesday, December 15, 2010 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/15/2010 Page 3 / 25 AGENDA Wednesday December 15, 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 November 17, 2010 Meeting. 3.Approval of Financial Reports. 4.Approval of Bills. 5.Consideration of Grant Request from Kris Jerke and Oscar Erives for 123 W 3rd Street. 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. Resolution No. 117, for sale of property on 312 and 316 S Pine. 9.Directors Report 10.Adjournment Next Meeting January 12, 2011 The CRA may go into closed session for any agenda item as allowed by state law. Grand Island Regular Meeting - 12/15/2010 Page 4 / 25 Community Redevelopment Authority (CRA) Wednesday, December 15, 2010 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/15/2010 Page 5 / 25 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF November 17, 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 November 17, 2010 at City Hall 100 E First Street. Notice of the meeting was given in the November 10, 2010 Grand Island Independent. 1.CALL TO ORDER. Barry Sandstrom called the meeting to order at 4:00 p.m. The following members were present: Tom Gdowski, Glen Murray, and Michelle Fitzke. Also present were; Director, Chad Nabity; Secretary, Rose Woods; Legal Council, Duane Burns, Finance Director, Mary Lou Brown. Member Sue Pirnie was absent. 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 20, 2010 meeting, Gdowski made the motion to approve the October 20, 2010 meeting minutes. Motion was seconded by Fitzke. 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 October 1, 2010 through October 31, 2010. She noted revenue in the amount of $172,212 and expenses in the amount of $76,804 for the month. Total cash was $1,075,499. 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 Murray and seconded by Gdowski to approve the bills in the amount of $3058.70. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills totaling $3058.70. 5. REVIEW PROPOSALS. Received two proposals for the south Pine property. One proposal was for one lot and one proposal was for both lots. Discussion and score sheets were reviewed over the two proposals received for the lots on south Pine. The decision was made to accept Dan Hill’s proposal for $30,000 for both south Pine lots. Grand Island Regular Meeting - 12/15/2010 Page 6 / 25 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, the state was paid. However the process is now how to pay back the city without creating arbitrage. The Wayside horns project has heard back from the railroad they have all the information and are taking their time reviewing them. The “Bucket” TIF for 11th and Poplar streets is done and just awaiting for the final bill for the remaining amount. Added to the Committed projects was Grand Island Christian school $129,000 for demo and Grand Island Christian school $80,000 for façade. The Grand façade is just in the beginning stages. 7. ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. Not at this time. 8. APPROVE RESOLUTION OR RESOLUTIONS TO PURCHASE/SELL PROPERTY. None at this time. 9. DIRECTOR’S REPORT. Nabity stated there may be a change in next month’s meeting date. 11. ADJOURNMENT. Sandstrom adjourned the meeting at 5:58 p.m. The next meeting is scheduled for December 15, 2010 at 4:00 p.m. Respectfully submitted Chad Nabity Director Grand Island Regular Meeting - 12/15/2010 Page 7 / 25 Community Redevelopment Authority (CRA) Wednesday, December 15, 2010 Regular Meeting Item C1 Financial Reports Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/15/2010 Page 8 / 25 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING NOVEMBER 2010 YEAR TO DATE BUDGET BALANCE CONSOLIDATED Beginning Cash 1,081,309 985,902 985,902 REVENUE: Property Taxes 2,677 174,643 662,843 488,200 Loan Proceeds - - - - Interest Income 546 645 12,940 12,295 Land Sales - - 50,000 50,000 Other Revenue - 147 - (147) TOTAL REVENUE 3,223 175,435 725,783 550,348 TOTAL RESOURCES 1,084,532 1,161,336 1,711,685 550,348 EXPENSES Auditing & Accounting - - 7,500 7,500 Legal Services - 300 10,000 9,700 Consulting Services - - 10,000 10,000 Contract Services 2,765 6,329 40,000 33,671 Printing & Binding - - 1,000 1,000 Other Professional Services - - 5,000 5,000 General Liability Insurance - - 250 250 Postage 29 75 200 125 Matching Grant - - - - Legal Notices 264 553 800 247 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 - 58,915 539,950 481,035 South Locust - - - - Alleyway Improvement - - - - Other Projects - - 800,000 800,000 Bond Principal - 13,691 161,611 147,920 Bond Interest - - 81,172 81,172 Interest Expense - - - - - - - TOTAL EXPENSES 3,059 79,863 1,759,783 1,679,920 INCREASE(DECREASE) IN CASH 164 95,572 (48,099) ENDING CASH 1,081,474 1,081,474 937,803 LESS COMMITMENTS 1,016,368 1,016,368 AVAILABLE CASH 65,105 65,105 937,803 - CHECKING 729,954 INVESTMENTS 351,520 119,915 Total Cash 1,081,474 Grand Island Regular Meeting - 12/15/2010 Page 9 / 25 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING NOVEMBER 2010 YEAR TO DATE BUDGET BALANCE CRA GENERAL OPERATIONS: Property Taxes 2,677 59,583 425,000 365,417 Interest Income 515 601 8,000 7,399 Land Sales - - 50,000 50,000 Other Revenue & Motor Vehicle Tax - 147 - (147) TOTAL 3,191 60,331 483,000 422,669 GILI TRUST Property Taxes 31,720 65,780 34,061 Interest Income - - - Other Revenue - - - TOTAL - 31,720 65,780 34,061 CHERRY PARK LTD II Property Taxes 30,355 59,180 28,825 Interest Income 23 35 - (35) Other Revenue - - - TOTAL 23 30,390 59,180 28,790 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 19,162 10,461 Interest Income 2 2 - (2) Other Revenue - - - TOTAL 2 8,703 19,162 10,459 WALNUT HOUSING PROJECT Property Taxes 30,593 74,472 43,879 Interest Income 6 6 - (6) Other Revenue - - - TOTAL 6 30,599 74,472 43,873 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 1,195 (12,496) Interest Income - - - Other Revenue - - - Grand Island Regular Meeting - 12/15/2010 Page 10 / 25 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING NOVEMBER 2010 YEAR TO DATE BUDGET BALANCE TOTAL - 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 3,223 175,435 725,783 550,348 Grand Island Regular Meeting - 12/15/2010 Page 11 / 25 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING NOVEMBER 2010 YEAR TO DATE BUDGET BALANCE EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting - - 7,500 7,500 Legal Services - 300 10,000 9,700 Consulting Services - - 10,000 10,000 Contract Services 2,765 6,329 40,000 33,671 Printing & Binding - - 1,000 1,000 Other Professional Services - - 5,000 5,000 General Liability Insurance - - 250 250 Postage 29 75 200 125 Matching Grant - - - - Legal Notices 264 553 800 247 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 - 58,915 539,950 481,035 South Locust - - - - Alleyway Improvement - - - - Other Projects - - 800,000 800,000 TOTAL CRA EXPENSES 3,059 66,172 1,517,000 1,450,828 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 - 12/15/2010 Page 12 / 25 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING NOVEMBER 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 1,195 (12,496) Bond Interest - - - - TOTAL GEDDES ST APTS - PROCON - 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 3,059 79,863 1,759,783 1,679,920 Grand Island Regular Meeting - 12/15/2010 Page 13 / 25 Community Redevelopment Authority (CRA) Wednesday, December 15, 2010 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/15/2010 Page 14 / 25 15-Dec-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 $ 2,556.63 Accounting Officenet Inc. Postage Lawnscape mowing City of Grand Island Water Dept Final bill on Poplar TIF $ 38,128.89 Chad Nabity - Lincoln neighborhood study reimbursement $ 175.68 Erives Enterprises LLC Façade Grant $ 71,170.00 Office Net -supplies for study Lincoln neighborhood $ 69.46 Grand Island Independent Monthly & Redevelopment Plan Notices $ 13.63 Mayer, Burns, Koenig & Janulewicz Legal Services $ 300.00 Total: $ 112,414.29 Grand Island Regular Meeting - 12/15/2010 Page 15 / 25 Community Redevelopment Authority (CRA) Wednesday, December 15, 2010 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/15/2010 Page 16 / 25 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 Grand Island Christian School (Demo) $129,000 Spring 2011 Grand Island Christian School (Façade) $80,000 Fall 2011 “Bucket” TIF 11th & Poplar Streets $38,128.89 Fall 2010 The Grand Façade $300,000 Spring 2012 Total Committed $1,016,368.41 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 -Sold November 30, 2010 Grand Island Regular Meeting - 12/15/2010 Page 17 / 25 Community Redevelopment Authority (CRA) Wednesday, December 15, 2010 Regular Meeting Item F1 Facade Request Staff Contact: Chad Nabity Grand Island Regular Meeting - 12/15/2010 Page 18 / 25 Grand Island Regular Meeting - 12/15/2010 Page 19 / 25 Grand Island Regular Meeting - 12/15/2010 Page 20 / 25 Grand Island Regular Meeting - 12/15/2010 Page 21 / 25 Grand Island Regular Meeting - 12/15/2010 Page 22 / 25 Grand Island Regular Meeting - 12/15/2010 Page 23 / 25 Grand Island Regular Meeting - 12/15/2010 Page 24 / 25 Grand Island Regular Meeting - 12/15/2010 Page 25 / 25