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01-12-2011 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, January 12, 2011 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 - 1/12/2011 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 - 1/12/2011 Page 2 / 18 Community Redevelopment Authority (CRA) Wednesday, January 12, 2011 Regular Meeting Item A1 Agenda Staff Contact: Chad Nabity Grand Island Regular Meeting - 1/12/2011 Page 3 / 18 AGENDA Wednesday January 12, 2011 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 December 15, 2010 Meeting. 3.Approval of Financial Reports. 4.Approval of Bills. 5.Audit review with Terry Galloway. 6.Update on Lincoln Neighborhood Study. 7.Review of Committed Projects and CRA Properties. 8.ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. RETURN TO REGULAR SESSION 9.Approve Resolution or Resolutions to Purchase/Sell Property. 10.Directors Report 11.Adjournment Next Meeting February 9, 2011 The CRA may go into closed session for any agenda item as allowed by state law. Grand Island Regular Meeting - 1/12/2011 Page 4 / 18 Community Redevelopment Authority (CRA) Wednesday, January 12, 2011 Regular Meeting Item B1 Meeting Minutes Staff Contact: Chad Nabity Grand Island Regular Meeting - 1/12/2011 Page 5 / 18 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF December 15, 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 December 15, 2010 at City Hall 100 E First Street. Notice of the meeting was given in the December 8, 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 Sue Pirnie. Also present were; Director, Chad Nabity; Secretary, Rose Woods; Legal Council, Duane Burns, Finance Director, Mary Lou Brown. Carl Mayhew, Kris Jerke, Marv Webb, Council Liaison Mitch Nickerson and Tracy Overstreet. Member Michelle Fitzke 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 request was made by Pirnie to reflect in last month’s minutes that Pirnie was absent. A motion for approval of the Minutes for the November 17, 2010 meeting, Gdowski made the motion to approve the November 17, 2010 meeting minutes. Motion was seconded by Murray. 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 November 1, 2010 through November 30, 2010. She noted revenue in the amount of $3,223 and expenses in the amount of $3,059 for the month. Total cash was $1,081,474. Motion by Murray, seconded by Pirnie 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 Pirnie to approve the bills in the amount of $112,414.29. Upon roll call vote all present voted aye. Motion carried unanimously to approve the payment of bills totaling $112,414.29. 5. CONSIDERATION OF FAÇADE IMPROVEMENTS Kris Jerke and Oscar Erives, owners of 123 W 3rd Street, have requested funding under the façade development program to assist with façade Grand Island Regular Meeting - 1/12/2011 Page 6 / 18 improvements at this location. The anticipated cost of the façade project is $202,400 with a total cost of $143,000 of developer equity in updates to the building. Mr. Jerke and Mr. Erives are asking for a grant of $59,400 to offset the costs of the façade improvements. Improvements will be made to the frontage of 123 W 3rd. Carl Mayhew presented a short synopsis of the changes they are planning to do to the façade of the building, with the addition of new windows, fabric awning and interior renovations. Gdowski and Murray were on the review committee and both support this façade request. They both agree this will make a nice improvement on such a vital corner in downtown Grand Island. A motion was made by Gdowski and seconded by Murray to approve the façade for 123 W 3rd St., in the amount of $59,400. Upon roll call vote all present voted aye. Motion carried unanimously to approve the Façade request for 123 W 3rd St. for $59,400. 6. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. Nabity reviewed the committed projects; Big O Tires is not quite ready to submit their bills for payment. The Chocolate Bar is moving forward. Amos Anson has been working on the building. Erives project of 120, 122, 124 W 3rd will be coming off as the job is now complete and bills have been submitted. There is a meeting that will be held Tuesday, December 21, 2010, to discuss the Wayside Horns. GI Christian has torn down the old building and is in the process of removing it. The Façade will follow soon as well. The Bucket TIF is complete with the final payment paid this month. 7. ADJOURN TO EXECUTIVE SESSION TO DISCUSS NEGOTIATIONS. RETURN TO REGULAR SESSION. 8. APPROVE RESOLUTION OR RESOLUTIONS TO PURCHASE/SELL PROPERTY. Resolution 117 for the former Fire station lots located on 312 and 316 S Pine. A motion was made by Pirnie and seconded by Murray to approve the sale of lots 312 and 316 S Pine for the purchase price of $30,000. Upon roll call vote all present voted aye. Motion carried unanimously to approve the Resolution 117 for the purchase of the lots. 9. DIRECTORS REPORT. Nabity reviewed the Neighborhood meeting that was held November 30, 2010 at Lincoln Public School. Nabity stated there were approximately 60 people who attended the meeting. Nabity also talked about a TIF and Façade application that will be coming next year from Skagway as they get ready to make their changes to the Five Points area. 10. ADJOURNMENT. Sandstrom adjourned the meeting at 4:40 p.m. Grand Island Regular Meeting - 1/12/2011 Page 7 / 18 The next meeting is scheduled for January 12, 2011 at 4:00 p.m. Respectfully submitted Chad Nabity Director Grand Island Regular Meeting - 1/12/2011 Page 8 / 18 Community Redevelopment Authority (CRA) Wednesday, January 12, 2011 Regular Meeting Item C1 Financial Reports Staff Contact: Chad Nabity Grand Island Regular Meeting - 1/12/2011 Page 9 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING DECEMBER 2010 YEAR TO DATE BUDGET BALANCE CONSOLIDATED Beginning Cash 1,081,474 985,902 985,902 REVENUE: Property Taxes 4,407 179,050 662,843 483,793 Loan Proceeds - - - - Interest Income 154 799 12,940 12,141 Land Sales 29,906 29,906 50,000 20,094 Other Revenue 7,514 7,661 - (7,661) TOTAL REVENUE 41,981 217,416 725,783 508,367 TOTAL RESOURCES 1,123,455 1,203,318 1,711,685 508,367 EXPENSES Auditing & Accounting 38,129 38,129 7,500 (30,629) Legal Services 300 600 10,000 9,400 Consulting Services - - 10,000 10,000 Contract Services 2,557 8,885 40,000 31,115 Printing & Binding - - 1,000 1,000 Other Professional Services - - 5,000 5,000 General Liability Insurance - - 250 250 Postage - 75 200 125 Matching Grant - - - - Legal Notices 14 567 800 233 Licenses & Fees - - - - Travel & Training - - 1,000 1,000 Other Expenditures - - 500 500 Office Supplies 245 245 500 255 Supplies - - 300 300 Land - - 100,000 100,000 Façade Improvement 71,170 130,085 539,950 409,865 South Locust - - - - Alleyway Improvement - - - - Other Projects - - 800,000 800,000 Bond Principal 78,327 92,018 161,611 69,593 Bond Interest 33,071 33,071 81,172 48,101 Interest Expense - - - - - - - TOTAL EXPENSES 223,812 303,675 1,759,783 1,456,108 INCREASE(DECREASE) IN CASH (181,831) (86,259) (48,099) ENDING CASH 899,643 899,643 937,803 LESS COMMITMENTS 966,470 966,470 AVAILABLE CASH (66,827) (66,827) 937,803 - CHECKING 548,123 INVESTMENTS 351,520 Total Cash 899,643 Grand Island Regular Meeting - 1/12/2011 Page 10 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING DECEMBER 2010 YEAR TO DATE BUDGET BALANCE CRA GENERAL OPERATIONS: Property Taxes 4,407 63,990 425,000 361,010 Interest Income 109 710 8,000 7,290 Land Sales 29,906 29,906 50,000 20,094 Other Revenue & Motor Vehicle Tax 147 - (147) TOTAL 34,422 94,753 483,000 388,247 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 38 73 - (73) Other Revenue - - - TOTAL 38 30,428 59,180 28,752 GENTLE DENTAL Property Taxes - 4,202 4,202 Interest Income 0 1 - (1) Other Revenue - - - TOTAL 0 1 4,202 4,201 PROCON TIF Property Taxes 8,701 19,162 10,461 Interest Income 2 3 - (3) Other Revenue 878 878 - (878) TOTAL 880 9,582 19,162 9,580 WALNUT HOUSING PROJECT Property Taxes 30,593 74,472 43,879 Interest Income 6 12 - (12) Other Revenue 6,636 6,636 - (6,636) TOTAL 6,642 37,241 74,472 37,231 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 - 1/12/2011 Page 11 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING DECEMBER 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 41,981 217,416 725,783 508,367 Grand Island Regular Meeting - 1/12/2011 Page 12 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING DECEMBER 2010 YEAR TO DATE BUDGET BALANCE EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting - 7,500 7,500 Legal Services 300 600 10,000 9,400 Consulting Services - 10,000 10,000 Contract Services 2,557 8,885 40,000 31,115 Printing & Binding - 1,000 1,000 Other Professional Services - 5,000 5,000 General Liability Insurance - 250 250 Postage 75 200 125 Matching Grant - - - Legal Notices 14 567 800 233 Licenses & Fees - - - Travel & Training - 1,000 1,000 Other Expenditures - 500 500 Office Supplies 245 245 500 255 Supplies - 300 300 Land - 100,000 100,000 PROJECTS Façade Improvement 71,170 130,085 539,950 409,865 South Locust - - - Alleyway Improvement - - - Other Projects - 800,000 800,000 TOTAL CRA EXPENSES 74,285 140,457 1,517,000 1,376,543 GILI TRUST Bond Principal 29,243 29,243 51,001 21,758 Bond Interest 3,647 3,647 14,779 11,132 Other Expenditures - - - TOTAL GILI EXPENSES 32,890 32,890 65,780 32,890 CHERRY PARK LTD II Bond Principal 22,684 22,684 39,729 17,045 Bond Interest 6,906 6,906 19,451 12,545 TOTAL CHERRY PARK EXPENSES 29,590 29,590 59,180 29,590 GENTLE DENTAL Bond Principal 1,259 1,259 2,276 1,017 Bond Interest 842 842 1,926 1,084 TOTAL GENTLE DENTAL 2,101 2,101 4,202 2,101 PROCON TIF Bond Principal 5,310 5,310 9,467 4,157 Bond Interest 4,271 4,271 9,695 5,424 TOTAL PROCON TIF 9,581 9,581 19,162 9,581 WALNUT HOUSING PROJECT Bond Principal 19,831 19,831 39,151 19,320 Bond Interest 17,405 17,405 35,321 17,916 - - - TOTAL WALNUT HOUSING 37,236 37,236 74,472 37,236 Grand Island Regular Meeting - 1/12/2011 Page 13 / 18 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2010 MONTH ENDED 2010 - 2011 2011 REMAINING DECEMBER 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 38,129 38,129 - (38,129) TOTAL SOUTHEAST CROSSINGS 38,129 38,129 - (38,129) TOTAL EXPENSES 223,812 303,675 1,759,783 1,456,108 Grand Island Regular Meeting - 1/12/2011 Page 14 / 18 Community Redevelopment Authority (CRA) Wednesday, January 12, 2011 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 1/12/2011 Page 15 / 18 12-Jan-11 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 Dec Admin fees $ 2,547.74 Accounting Jan, Feb and March $ 375.00 Officenet Inc. Postage Lincoln Neighborhood Study $ 449.82 Rinder Printing Envelopes $ 475.81 Almquist Maltzahn Galloway & Luth Audit $ 3,975.00 Lawnscape mowing snow removal $ 20.00 Grand Island Independent $ 13.63 Hall Co Treasurer S. Locust $ 8,394.64 Mayer, Burns, Koenig & Janulewicz Legal Services $ 375.00 Total: $ 16,626.64 Grand Island Regular Meeting - 1/12/2011 Page 16 / 18 Community Redevelopment Authority (CRA) Wednesday, January 12, 2011 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 1/12/2011 Page 17 / 18 COMMITTED PROJECTS AMOUNT ESTIMATED DUE DATE Big O Tires $65,297.52 Fall 2010 The Chocolate Bar $37,772 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 123 W 3rd St.$59,400 Spring 2011 The Grand Façade $300,000 Spring 2012 Total Committed $966,469.52 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 December 31, 2010 Grand Island Regular Meeting - 1/12/2011 Page 18 / 18