06-15-2011 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 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 - 6/15/2011 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 - 6/15/2011 Page 2 / 25
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 2011
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 6/15/2011 Page 3 / 25
AGENDA
Wednesday June 15, 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 May 11, 2011 Meeting.
3.Approval of Financial Reports.
4.Approval of Bills.
5.Review of proposals received for a Blight Study and Redevelopment Plan for
the proposed CRA Area #8 near Adams Street south of Anna Street.
6.Review of 2011-2012 Budget.
7.Review of Committed Projects and CRA Properties.
8.Discussion concerning Purchase/Sale of Real Estate of property.
9.Approve Resolution or Resolutions to Purchase/Sell Real Estate.
10.Directors Report
11.Adjournment
Next Meeting July 13, 2011
The CRA may go into closed session for any agenda item as allowed by state law.
Grand Island Regular Meeting - 6/15/2011 Page 4 / 25
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 2011
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 6/15/2011 Page 5 / 25
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
May 11, 2011
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 May 11, 2011 at City Hall 100 E First Street. Notice of the meeting was given
in the May 4, 2011 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, Michelle
Fitzke, and Sue Pirnie. Also present were; Director, Chad Nabity;
Secretary, Rose Woods; Council Liaison, Randy Gard and Legal Council
Duane Burns. Glen Murray 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
April 20, 2011 meeting was made by Gdowski. Motion was seconded by
Pirnie. Upon roll call vote, all present voted aye. Motion carried
unanimously.
3.APPROVAL OF FINANCIAL REPORTS. The financial reports for the
period of April 1, 2011 through April 30, 2011. Motion to was made by
Pirnie and seconded by Fitzke 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 Gdowski and seconded by Pirnie to approve the bills in
the amount of $45,533.97. Upon roll call vote all present voted aye.
Motion carried unanimously to approve the payment of bills totaling
$45,533.97.
5. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES.
Nabity reviewed the committed projects. The Chocolate Bar will be
removed with the payment made this month. The BID 6 (Conduit) has
never received a bill from the State. This may have been paid by the City.
It was discussed and removed from the Committed Projects. GI Christian
School is currently working on their Façade. Wilmar Realty LLC has
completed the demo of all the buildings to the west of Skagway Five
Grand Island Regular Meeting - 6/15/2011 Page 6 / 25
Points. The Downtown BID will be starting their projects soon beginning
with the POW memorial.
6. DISCUSSION CONCERNING PURCHASE/SALE OF REAL ESTATE.
Motion made by Gdowski to enter into executive session, seconded by
Pirnie at 4:32 p.m. Upon roll call vote all present voted aye. Motion carried
unanimously.
Motion made by Gdowski to exit executive session, seconded by Pirnie at
4:42 p.m. Upon roll call vote all present voted aye. Motion carries
unanimously.
7. APPROVE RESOLUTION OR RESOLUTIONS TO PURCHASE/SELL
PROPERTY.
8. DIRECTORS REPORT.
Nabity discussed his presentation that was presented to Council regarding
the Lincoln neighborhood study.
9. ADJOURNMENT.
Sandstrom adjourned the meeting at 4:50 p.m.
The next meeting is scheduled for June 15, 2011 at 4:00 p.m.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 6/15/2011 Page 7 / 25
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 2011
Regular Meeting
Item C1
Financial Reports
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 6/15/2011 Page 8 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF MAY 2011
MONTH ENDED 2010 - 2011 2011 REMAINING
MAY 2011 YEAR TO DATE BUDGET BALANCE
CONSOLIDATED
Beginning Cash 882,882 985,902 985,902
REVENUE:
Property Taxes 126,119 387,214 653,977 266,763
Loan Proceeds - - - -
Interest Income 99 1,898 12,940 11,042
Land Sales - 29,906 50,000 20,094
Other Revenue 6,356 14,959 - (14,959)
TOTAL REVENUE 132,573 433,978 716,917 282,939
TOTAL RESOURCES 1,015,455 1,419,879 1,702,819 282,939
EXPENSES
Auditing & Accounting - - 7,500 7,500
Legal Services 120 1,684 10,000 8,316
Consulting Services - - 10,000 10,000
Contract Services 7,553 70,780 40,000 (30,780)
Printing & Binding - - 1,000 1,000
Other Professional Services - 6,393 5,000 (1,393)
General Liability Insurance - - 250 250
Postage - 631 200 (431)
Matching Grant - - - -
Legal Notices - 452 800 348
Licenses & Fees - - - -
Travel & Training - - 1,000 1,000
Other Expenditures - - 500 500
Office Supplies 89 810 500 (310)
Supplies - - 300 300
Land - 2,002 100,000 97,998
Façade Improvement 37,772 233,155 539,950 306,795
South Locust - - - -
Alleyway Improvement - - - -
Other Projects - - 800,000 800,000
Bond Principal 22,132 123,114 161,611 38,497
Bond Interest - 33,071 81,172 48,101
Interest Expense - - - -
- - -
TOTAL EXPENSES 67,666 472,091 1,759,783 1,287,692
INCREASE(DECREASE) IN CASH 64,907 (38,113) (56,965)
ENDING CASH 947,789 947,789 928,937
LESS COMMITMENTS 705,900 705,900
AVAILABLE CASH 241,889 241,889 928,937 -
CHECKING 595,718
INVESTMENTS 352,071
Total Cash 947,789
Grand Island Regular Meeting - 6/15/2011 Page 9 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF MAY 2011
MONTH ENDED 2010 - 2011 2011 REMAINING
MAY 2011 YEAR TO DATE BUDGET BALANCE
CRA
GENERAL OPERATIONS:
Property Taxes 99,936 232,957 425,000 192,043
Interest Income 86 1,736 8,000 6,264
Land Sales 29,906 50,000 20,094
Other Revenue & Motor Vehicle Tax 6,356 7,445 - (7,445)
TOTAL 106,378 272,045 483,000 210,955
GILI TRUST
Property Taxes 1,242 34,204 65,780 31,576
Interest Income 12 12 - (12)
Other Revenue - - -
TOTAL 1,254 34,216 65,780 31,564
CHERRY PARK LTD II
Property Taxes 1,189 32,733 59,180 26,447
Interest Income 133 - (133)
Other Revenue - - -
TOTAL 1,189 32,865 59,180 26,315
GENTLE DENTAL
Property Taxes 84 169 4,202 4,033
Interest Income 0 1 - (1)
Other Revenue - - -
TOTAL 84 170 4,202 4,032
PROCON TIF
Property Taxes 338 9,376 19,162 9,786
Interest Income 0 4 - (4)
Other Revenue 878 - (878)
TOTAL 338 10,258 19,162 8,904
WALNUT HOUSING PROJECT
Property Taxes 1,198 32,989 74,472 41,483
Interest Income 0 13 - (13)
Other Revenue 6,636 - (6,636)
TOTAL 1,198 39,637 74,472 34,835
BRUNS PET GROOMING
Property Taxes 242 484 4,986 4,502
Interest Income - 4,940 4,940
Other Revenue - - -
TOTAL 242 484 9,926 9,442
GIRARD VET CLINIC
Property Taxes 175 350 - (350)
Interest Income - - -
Other Revenue - - -
TOTAL 175 350 - (350)
GEDDES ST APTS-PROCON
Property Taxes 558 14,807 1,195 (13,612)
Interest Income - - -
Other Revenue - - -
Grand Island Regular Meeting - 6/15/2011 Page 10 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF MAY 2011
MONTH ENDED 2010 - 2011 2011 REMAINING
MAY 2011 YEAR TO DATE BUDGET BALANCE
TOTAL 558 14,807 1,195 (13,612)
SOUTHEAST CROSSING
Property Taxes 228 7,252 8,866 1,614
Interest Income - - -
Other Revenue - - -
TOTAL 228 7,252 8,866 1,614
CASEY'S @ FIVE POINTS
Property Taxes 159 319 - (319)
Interest Income - - -
Other Revenue - - -
TOTAL 159 319 - (319)
SOUTH POINTE HOTEL PROJECT
Property Taxes 20,739 21,514 - (21,514)
Interest Income - - -
Other Revenue - - -
TOTAL 20,739 21,514 - (21,514)
TODD ENCK PROJECT
Property Taxes 30 61 - (61)
Interest Income - - -
Other Revenue - - -
TOTAL 30 61 - (61)
TOTAL REVENUE 132,573 433,978 725,783 291,805
Grand Island Regular Meeting - 6/15/2011 Page 11 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF MAY 2011
MONTH ENDED 2010 - 2011 2011 REMAINING
MAY 2011 YEAR TO DATE BUDGET BALANCE
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting - 7,500 7,500
Legal Services 120 1,684 10,000 8,316
Consulting Services - 10,000 10,000
Contract Services 7,553 32,651 40,000 7,349
Printing & Binding - 1,000 1,000
Other Professional Services 6,393 5,000 (1,393)
General Liability Insurance - 250 250
Postage 631 200 (431)
Matching Grant - - -
Legal Notices 452 800 348
Licenses & Fees - - -
Travel & Training - 1,000 1,000
Other Expenditures - 500 500
Office Supplies 89 810 500 (310)
Supplies - 300 300
Land 2,002 100,000 97,998
PROJECTS
Façade Improvement 37,772 233,155 539,950 306,795
South Locust - - -
Alleyway Improvement - - -
Other Projects - 800,000 800,000
TOTAL CRA EXPENSES 45,534 277,777 1,517,000 1,239,223
GILI TRUST
Bond Principal 29,243 51,001 21,758
Bond Interest 3,647 14,779 11,132
Other Expenditures - - -
TOTAL GILI EXPENSES - 32,890 65,780 32,890
CHERRY PARK LTD II
Bond Principal 22,684 39,729 17,045
Bond Interest 6,906 19,451 12,545
TOTAL CHERRY PARK EXPENSES - 29,590 59,180 29,590
GENTLE DENTAL
Bond Principal 1,259 2,276 1,017
Bond Interest 842 1,926 1,084
TOTAL GENTLE DENTAL - 2,101 4,202 2,101
PROCON TIF
Bond Principal 5,310 9,467 4,157
Bond Interest 4,271 9,695 5,424
TOTAL PROCON TIF - 9,581 19,162 9,581
WALNUT HOUSING PROJECT
Bond Principal 19,831 39,151 19,320
Bond Interest 17,405 35,321 17,916
- - -
TOTAL WALNUT HOUSING - 37,236 74,472 37,236
Grand Island Regular Meeting - 6/15/2011 Page 12 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF MAY 2011
MONTH ENDED 2010 - 2011 2011 REMAINING
MAY 2011 YEAR TO DATE BUDGET BALANCE
BRUNS PET GROOMING
Bond Principal 242 484 4,986 4,502
Bond Interest - - -
TOTAL BRUNS PET GROOMING 242 484 4,986 4,502
GIRARD VET CLINIC
Bond Principal 175 350 4,940 4,590
Bond Interest - - -
TOTAL GIRARD VET CLINIC 175 350 4,940 4,590
GEDDES ST APTS - PROCON
Bond Principal 558 14,807 1,195 (13,612)
Bond Interest - - -
TOTAL GEDDES ST APTS - PROCON 558 14,807 1,195 (13,612)
SOUTHEAST CROSSINGS
Bond Principal 228 7,252 8,866 1,614
Bond Interest - - -
TOTAL SOUTHEAST CROSSINGS 228 7,252 8,866 1,614
POPLAR STREET WATER
Bond Principal - - -
Bond Interest - - -
Auditing & Accounting - - -
Contract Services 38,129 - (38,129)
TOTAL POPLAR STREET WATER - 38,129 - (38,129)
CASEY'S @ FIVE POINTS
Bond Principal 159 319 - (319)
Bond Interest - - -
TOTAL CASEY'S @ FIVE POINTS 159 319 - (319)
SOUTH POINTE HOTEL PROJECT
Bond Principal 20,739 21,514 - (21,514)
Bond Interest - - -
TOTAL SOUTH POINTE HOTEL PROJECT 20,739 21,514 - (21,514)
TODD ENCK PROJECT
Bond Principal 30 61 - (61)
Bond Interest - - -
TOTAL CASEY'S @ FIVE POINTS 30 61 - (61)
TOTAL EXPENSES 67,666 472,091 1,759,783 1,287,692
Grand Island Regular Meeting - 6/15/2011 Page 13 / 25
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 2011
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 6/15/2011 Page 14 / 25
15-Jun-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
Accounting $ 2,583.33
Officenet Inc.
Postage $ 35.01
Lawnscape mowing/shredding May $ 303.00
Grand Island Independent $ 13.18
Mayer, Burns, Koenig & Janulewicz Legal Services $ 285.00
Total:
$ 3,219.52
Grand Island Regular Meeting - 6/15/2011 Page 15 / 25
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 2011
Regular Meeting
Item E1
Committed Projects
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 6/15/2011 Page 16 / 25
COMMITTED PROJECTS TOTAL AMOUNT 2011
FISCAL YR
2012 FISCAL
YR
2013
FISCAL YR
ESTIMATED
COMP
2010 Wayside Horns
(Oak, Pine, Elm & Walnut)
$140,000 $140,000 Winter 2011
2012 Wayside Horns
(Custer/Blaine)
$100,000 $100,000 Winter 2012
Grand Island Christian
School (Demo)
$129,000 $129,000 Spring 2011
Grand Island Christian
School (Façade)
$80,000 $80,000 Fall 2011
123 W 3 rd St.$59,400 $59,400 Spring 2011
The Grand Façade
$300,000 ($100 over 3
fiscal yrs)
$300,000 $100,000 $100,000 $100,000 Spring 2012
Wilmar Realty LLC
$300,000 ($100 over 3
fiscal yrs)
$300,000 $100,000 $100,000 $100,000 Fall 2012
Downtown BID $97,500 $97,500 Fall 2011
Total Committed $1,205,900.00 $705,900.00 $300,000.00 $200,000.00
CRA PROPERTIES
Address Purchase Price Purchase
Date
Demo Cost Status
408 E 2 nd St $4,869 11/11/2005 $7,500 Surplus
3235 S Locust $450,000 4/2/2010 $39,764 Surplus
May 31, 2011
Grand Island Regular Meeting - 6/15/2011 Page 17 / 25
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 2011
Regular Meeting
Item K1
Budget
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 6/15/2011 Page 18 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2011- 2012 BUDGET
2008 2009 2010 2011 2011 2012
Actual Actual Actual Budget Forecasted Budget
CONSOLIDATED
Beginning Cash 952,497 1,236,622 1,547,542 980,091 980,091 772,491
REVENUE:
Property Taxes 750,800 755,133 648,172 667,783 667,783 935,687
Loan Proceeds - -0
Interest Income 41,968 15,630 20,137 8,000 8,000 8,000
Loan Income (Poplar Street Water Line) 1,000
Land Sales 15,152 47,335 - 50,000 30,000 70,000
Other Revenue - 24,473 24,516 - 10,000 10,000
TOTAL REVENUE 807,920 842,571 692,826 725,783 715,783 1,024,687
TOTAL RESOURCES 1,760,417 2,079,193 2,240,368 2,415,663 1,695,874 1,797,178
EXPENSES
Auditing & Accounting 5,000 7,601 5,392 7,500 3,975 5,000
Legal Services 2,143 4,829 3,060 10,000 4,000 10,000
Consulting Services - - - 10,000 5,000 10,000
Contract Services 34,362 26,122 173,875 40,000 50,000 55,000
Printing & Binding 568 - - 1,000 - 1,000
Other Professional Services 4,112 - - 5,000 - 5,000
General Liability Insurance - - - 250 - 250
Postage 142 159 202 200 850 200
Legal Notices 828 750 613 800 - 800
Licenses & Fees - - - - - -
Travel & Training - - - 1,000 - 1,000
Other Expenditures - - - 500 - 500
Office Supplies 105 38 328 500 810 500
Supplies - - 300 - 300
Land 33,090 129 448,720 100,000 2,002 100,000
Façade Improvement 207,871 241,793 354,015 150,000 150,000 150,000
South Locust - - - - - -
Other Projects - 2,858 - 800,000 280,000 100,000
Property Taxes BID Fees - - - 11,000
2nd Street BID - - - -
Outstanding Façade Improvement Grants - 132,250 132,250 500,000
Railroad Horns - 240,000 - 240,000
Other Committed Projects - 17,700 17,700 97,500
Debt Payments Interest Fees (Lincoln Pool) - - - 200,787
Bond Principal 142,543 161,927 199,617 161,611 215,415 252,659
Bond Interest 93,031 85,445 74,453 81,172 61,381 50,747
TOTAL EXPENSES 523,795 531,650 1,260,276 1,759,783 923,383 1,792,243
INCREASE(DECREASE) IN CASH 284,125 310,920 (567,451) (1,034,000) (207,600) (767,556)
ENDING CASH 1,236,622 1,547,542 980,091 655,880 772,491 4,935
LESS COMMITMENTS - - - - -
AVAILABLE CASH 1,236,622 1,547,542 980,091 655,880 772,491 4,935
CHECKING 786,622 637,868 514,467 355,880 420,420 (347,136)
INVESTMENTS 450,000 909,674 465,625 300,000 352,071 352,071
Total Cash 1,236,622 1,547,542 980,091 655,880 772,491 4,935
Grand Island Regular Meeting - 6/15/2011 Page 19 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2011- 2012 BUDGET
2008 2009 2010 2011 2011 2012
Actual Actual Actual Budget Forecasted Budget
CRA
GENERAL OPERATIONS: 01
Property Taxes 493,602 487,610 442,832 425,000 425,000 431,384
Property Taxes-Lincoln Pool Levy 200,787
Interest Income 41,561 14,889 19,804 8,000 8,000 8,000
Loan Income (Poplar Street Water Line) 1,000
Land Sales - 47,335 - 50,000 30,000 70,000
Other Revenue & Motor Vehicle Tax 1,300 8,959 12,156 10,000 10,000
TOTAL 536,463 558,792 474,791 483,000 473,000 721,171
GILI TRUST 07
Property Taxes 66,410 65,817 65,694 65,780 65,780 33,000
Interest Income - -
Other Revenue 1,108 277 8
TOTAL 67,518 66,094 65,702 65,780 65,780 33,000
CHERRY PARK LTD II
Property Taxes 62,743 91,836 32,832 59,180 59,180 59,180
Interest Income 251 497 301 -
Other Revenue - -
TOTAL 62,994 92,334 33,133 59,180 59,180 59,180
GENTLE DENTAL
Property Taxes 3,497 4,427 4,479 4,202 4,202 4,202
Interest Income 3 1 2 -
Other Revenue 947 2,610 -
TOTAL 4,447 7,037 4,481 4,202 4,202 4,202
PROCON TIF
Property Taxes 18,138 17,925 17,972 19,162 19,162 19,162
Interest Income 53 36 5
Other Revenue 972 232 1,172
TOTAL 19,163 18,193 19,148 19,162 19,162 19,162
WALNUT HOUSING PROJECT
Property Taxes 93,632 62,942 33,089 74,472 74,472 74,472
Interest Income 100 207 26
Other Revenue 10,825 12,395 11,180
TOTAL 104,557 75,544 44,296 74,472 74,472 74,472
Grand Island Regular Meeting - 6/15/2011 Page 20 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2011- 2012 BUDGET
2008 2009 2010 2011 2011 2012
Actual Actual Actual Budget Forecasted Budget
BRUNS PET GROOMING
Property Taxes 9,536 9,575 10,502 4,986 11,000 11,000
Interest Income -
TOTAL 9,536 9,575 10,502 4,986 11,000 11,000
GIRAD VET CLINIC
Property Taxes 3,242 4,940 13,855 4,940 14,000 14,000
Interest Income - - - - - -
TOTAL 3,242 4,940 13,855 4,940 14,000 14,000
GEDDES ST APTS - PROCON
Property Taxes 1,195 14,809 1,195 15,000 15,000
Interest Income - - - - - -
TOTAL - 1,195 14,809 1,195 15,000 15,000
SOUTHEAST CROSSINGS
Property Taxes - 8,866 12,109 8,866 14,000 14,000
Interest Income - - - - - -
TOTAL - 8,866 12,109 8,866 14,000 14,000
POPLAR STREET WATER
Loan Proceeds (Property Taxes Collected) - - - - - 1,000
Interest Income - - - - - -
TOTAL - - - - 1,000
TC ENCK
Property Taxes - 5,500
Interest Income - - - -
TOTAL TC ENCK - - - - 5,500
CASEY'S FIVE POINTS
Property Taxes - 15,000
Interest Income - - - -
TOTAL CASEY'S FIVE POINTS - - - - 15,000
SOUTHPOINTE HOTEL
Property Taxes - 22,000
Interest Income - - - -
TOTAL SOUTHPOINTE HOTEL - - - - 22,000
JOHN SCHULTE CONSTRUCTION
Property Taxes - 3,000
Interest Income - - - -
TOTAL JOHN SCHULTE CONSTRUCTION - - - - 3,000
PHARMACY PROPERTIES INC
Property Taxes - 8,000
Interest Income - - - -
TOTAL PHARMACY PROPERTIES INC - - - - 8,000
KEN-RAY LLC
Property Taxes - 5,000
Interest Income - - - -
TOTAL KEN-RAY LLC - - - - 5,000
TOTAL REVENUE 807,920 842,571 692,826 725,783 749,796 1,024,687
Grand Island Regular Meeting - 6/15/2011 Page 21 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2011- 2012 BUDGET
2008 2009 2010 2011 2011 2012
Actual Actual Actual Budget Forecasted Budget
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting 5,000 7,601 4,392 7,500 3,975 5,000
Legal Services 2,143 4,829 3,060 10,000 4,000 10,000
Consulting Services - - - 10,000 5,000 14,000
Contract Services 34,362 26,122 84,977 40,000 50,000 55,000
Printing & Binding 568 - - 1,000 1,000
Other Professional Services 4,112 - - 5,000 5,000
General Liability Insurance - - - 250 250
Postsge 142 159 202 200 850 200
Legal Notices 828 750 613 800 800
Licenses & Fees - - -
Travel & Training - - - 1,000 1,000
Other Expenditures - - - 500 500
Office Supplies 105 38 328 500 810 500
Supplies - - - 300 300
Land 33,090 129 448,720 100,000 2,002 100,000
DEBT
Bond Payments/Fees (Lincoln Pool) 200,787
PROJECTS
Façade Improvement 207,871 241,793 354,015 150,000 150,000 150,000
South Locust - - - -
2nd Street BID - - - -
Outstanding Façade Improvement Grants - - - 132,250 132,250 500,000
Railroad Horns - - - 240,000 240,000
Other Committed Projects - - - 17,700 17,700 97,500
Other Projects - 2,858 - 800,000 280,000 100,000
Property Taxes BID Fees - - - - 11,000
- - - -
TOTAL CRA OPERATING EXPENSES 288,221 284,279 896,308 1,517,000 646,587 1,492,837
GILI TRUST
Bond Principal 47,158 51,009 55,158 51,001 59,654 31,627
Bond Interest 18,622 14,779 10,622 14,779 6,126 1,263
Other Expenditures - -
TOTAL GILI EXPENSES 65,780 65,788 65,780 65,780 65,780 32,890
CHERRY PARK LTD II
Bond Principal 36,824 39,729 42,864 39,729 48,035 49,894
Bond Interest 22,356 19,451 16,316 19,451 11,145 9,286
TOTAL CHERRY PARK EXPENSES 59,180 59,180 59,180 59,180 59,180 59,180
GENTLE DENTAL
Bond Principal 2,127 2,236 2,395 2,276 2,566 2,760
Bond Interest 2,075 1,966 1,807 1,926 1,636 1,442
TOTAL GENTLE DENTAL 4,202 4,202 4,202 4,202 4,202 4,202
PROCON TIF
Bond Principal 10,601 9,064 10,183 9,467 10,829 11,782
Bond Interest 8,561 10,098 8,979 9,695 8,333 7,380
TOTAL PROCON TIF 19,162 19,162 19,162 19,162 19,162 19,162
Grand Island Regular Meeting - 6/15/2011 Page 22 / 25
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2011- 2012 BUDGET
2008 2009 2010 2011 2011 2012
Actual Actual Actual Budget Forecasted Budget
WALNUT HOUSING PROJECT
Other Expenditures
Bond Principal 33,055 35,321 37,743 39,151 40,331 43,096
Bond Interest 41,417 39,151 36,729 35,321 34,141 31,376
TOTAL WALNUT HOUSING PROJECT 74,472 74,472 74,472 74,472 74,472 74,472
BRUNS PET GROOMING
Bond Principal 9,536 9,575 10,502 4,986 11,000 11,000
Bond Interest - - - -
TOTAL BRUNS PET GROOMING 9,536 9,575 10,502 4,986 11,000 11,000
GIRARD VET CLINIC
Bond Principal 6,242 4,940 13,855 4,940 14,000 14,000
Bond Interest - - - -
TOTAL GIRARD VET CLINIC 6,242 4,940 13,855 4,940 14,000 14,000
GEDDES ST APTS - PROCON
Bond Principal - 1,195 14,809 1,195 15,000 15,000
Bond Interest - - - -
TOTAL GEDDES ST APTS - PROCON - 1,195 14,809 1,195 15,000 15,000
SOUTHEAST CROSSINGS
Bond Principal - 8,866 12,109 8,866 14,000 14,000
Bond Interest - - - -
TOTAL SOUTHEAST CROSSINGS - 8,866 12,109 8,866 14,000 14,000
POPLAR STREET WATER
Auditing & Accounting - - 1,000 -
Contract Services - - 89,899 38,129
Bond Principal - - - - 1,000
Bond Interest - - - -
TOTAL POPLAR STREET WATER - - 90,899 - 38,129 1,000
TC ENCK
Bond Principal - 1,000 5,500
Bond Interest - - - -
TOTAL TC ENCK - - - 1,000 5,500
CASEY'S FIVE POINTS
Bond Principal - 4,000 15,000
Bond Interest - - - -
TOTAL CASEY'S FIVE POINTS - - - 4,000 15,000
SOUTHPOINTE HOTEL
Bond Principal - 21,514 22,000
Bond Interest - - - -
TOTAL SOUTHPOINTE HOTEL - - - 21,514 22,000
JOHN SCHULTE CONSTRUCTION
Bond Principal - 3,000
Bond Interest - - - -
TOTAL JOHN SCHULTE CONSTRUCTION - - - - 3,000
PHARMACY PROPERTIES INC
Bond Principal - 8,000
Bond Interest - - - -
TOTAL PHARMACY PROPERTIES INC - - - - 8,000
KEN-RAY LLC
Bond Principal - 5,000
Bond Interest - - - -
TOTAL KEN-RAY LLC - - - - 5,000
TOTAL EXPENSES 526,795 531,658 1,261,276 1,759,783 988,026 1,796,243
Grand Island Regular Meeting - 6/15/2011 Page 23 / 25
Community Redevelopment
Authority (CRA)
Wednesday, June 15, 2011
Regular Meeting
Item X1
Blight Study
Staff Contact: Chad Nabity
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