05-09-2012 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
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 - 5/9/2012 Page 1 / 52
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 - 5/9/2012 Page 2 / 52
Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 5/9/2012 Page 3 / 52
AGENDA
Wednesday May 9, 2012
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 April 11, 2012 Meeting.
3.Approval of Financial Reports.
4.Approval of Bills.
5.Review of Committed Projects and CRA Properties.
6.Generalized Redevelopment Plan for Area #9.
7.Consideration of a Resolution to forward a Redevelopment Plan Amendment to the
Hall County Regional Planning Commission for Area #9.
8.Site Specific Redevelopment Plan for 3420 W State Street.
9.Consideration of a Resolution to forward a Site Specific Redevelopment Plan
Amendment to the Hall County Regional Planning Commission for 3420 W State
Street.
10.Consideration of a Resolution of intent to enter into a Site Specific Redevelopment
Contract & Approval of related actions 30 day notice to City Council for 3420 W State
Street.
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 - 5/9/2012 Page 4 / 52
14.Adjournment
Next Meeting June 13, 2012
The CRA may go into closed session for any agenda item as allowed by state law.
Grand Island Regular Meeting - 5/9/2012 Page 5 / 52
Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 5/9/2012 Page 6 / 52
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
April 11, 2012
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 April 11, 2012 at City Hall 100 E First Street. Notice of the meeting was given
in the April 7, 2012 Grand Island Independent.
1.CALL TO ORDER. Barry Sandstrom called the meeting to order at 4:00
p.m. The following members were present: Glen Murray, Michelle Fitzke,
Sue Pirnie and Tom Gdowski. Also present were; Director, Chad Nabity;
Secretary, Rose Woods; Finance Director, Jaye Monter; Roger Bullington,
Marv Webb, Amos Anson and Larry Fowle.
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
March 14, 2012 meeting was made by Pirnie and seconded by Murray.
Upon roll call vote all present voted aye. Motion carried unanimously.
3. APPROVAL OF FINANCIAL REPORTS. Monter reviewed the financial
reports for the period of March 1, 2012 through March 30, 2012. Motion
was made by Gdowski and 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 Fitzke to approve the bills in the
amount of $74,372.37. Upon roll call vote all present voted aye. Motion
carried unanimously to approve the payment of bills totaling $74,372.37.
5. CONSIDERATION OF GRANT REQUEST.
Chief Industries, Vice President of Development, Roger Bullington, has
submitted a grant request for 1140 S Lincoln, Grand Island. The request
is for financial assistance for costs associated with the demolition and
removal of structures as the former Aurora Coop facility. The total cost for
site preparation is $204,800 that includes demolition and removal of all
structures, concrete footings/foundations/pavement removal, removal of
all underground storage tanks, permits and legal surveying, project
Grand Island Regular Meeting - 5/9/2012 Page 7 / 52
management and incidentals. Chief is asking for a grant in the amount of
$100,000. If this grant request is approved the site could be entirely
cleared in 60 to 90 days.
Regional Planning Director Chad Nabity, who also serves as the CRA
director, said Chief bought the former Aurora Co-op site in December
2010 and the numerous buildings there pose an “attractive nuisance” for
nearby Barr Middle School students.” Getting them out of there is probably
a good thing,” Nabity said of the buildings.
Chief Industries Vice President Roger Bullington said the buildings are all
locked, but none are fenced, so access can be gained. The buildings are
old enough they cannot be cost-effectively upgraded to be used by Chief
other than for cold storage. Chief purchased the property simply to
prevent its fabrication plant from being landlocked, he said.
Chief wants to retain five acres for its own future expansion, but wants to
sell off three acres at the corner of Fonner Park Road and Lincoln Avenue.
Bullington said there is an interested party for that land.
The CRA wanted the possibility of being repaid the grant funds so it
approved a memorandum of understanding with Chief that calls for the
$100,000 to be repaid if Chief ever redevelops the property and uses tax-
increment financing dollars to do so. The memorandum of understanding
was approved by the CRA, but is subject to approval from Chief owners
and legal staff, which hadn’t yet seen it.
A motion was made by Gdowski to approve the $100,000 grant with the
MOU subject to approval of both parties and was seconded by Fitzke.
Upon roll call vote, all present voted aye. Motion carried unanimously.
6. CONSIDERATION OF FAÇADE IMPROVEMENTS.
Sharena & Amos Anson, owners of The Chocolate Bar, 118 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 $116,536 with a total cost of $370,000 of developer investment
to the building. The Anson’s received a $37,500 facade grant a year ago
to renovate the exterior of 116 W. Third St. and are now seeking the
second grant to renovate the exterior of the adjoining building at 118 W.
Third.
The cost is higher this time because there’s a lot of masonry work required
and the Anson’s will hire that done instead of doing the work themselves
as they did for 116 W. Third. Expanding into 118 W. 3rd will allow them to
more than double the seating capacity in their restaurant and
accommodate large groups and special meetings.
Grand Island Regular Meeting - 5/9/2012 Page 8 / 52
A motion was made by Murray and seconded by Pirnie to approve the
Façade grant in the amount of $116,536. Upon roll call vote, all present
voted aye. Motion carried unanimously.
7. CONSIDERATION OF A GRANT REQUEST.
Larry Fowle, owner of 809 S Kimball has submitted a request for a grant
not to exceed $2,000, to pay for a micro blight study at 809 S Kimball St.
The grant will pay for a micro blight study of about two blocks from Kimball
Avenue to Oak Street and Bismark to Phoenix. Fowle bought a small,
single-family house on two lots at 809 S. Kimball that according to the Hall
County assessor’s office is “worn out.”
The house is a half-block from an existing redevelopment area, but Fowle
would like to qualify for tax-increment financing to demolish the house and
build back a duplex. The study will determine if the two-block area is
blighted and substandard and therefore eligible for redevelopment
assistance. This is the first time the CRA has authorized that kind of study
on such a small and focused redevelopment area.
A motion was made by Gdowski and seconded by Pirnie to approve the
grant of $2000. Upon roll call vote, all present voted aye. Motion carried
unanimously.
6. DIRECTORS REPORT.
7. ADJOURNMENT.
Sandstrom adjourned the meeting at 4:30 p.m.
The next meeting is scheduled for May 9, 2012 at 4:00 p.m.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 5/9/2012 Page 9 / 52
Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
Regular Meeting
Item C1
Financial Reports
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 5/9/2012 Page 10 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
MONTH ENDED 2011-2012 2012 REMAINING
APRIL 2012 YEAR TO DATE BUDGET BALANCE
CONSOLIDATED
Beginning Cash 593,514 923,823 923,823 593,514
REVENUE:
Property Taxes-CRA 19,897 169,984 639,405 469,421
Property Taxes-TIF's - 148,943 318,406 169,463
Loan Proceeds - - - -
Interest Income - CRA 7 4,341 8,000 3,659
Interest Income - TIF'S 10 617 -
Land Sales - - 70,000 70,000
Other Revenue - CRA - 6,524 10,000 3,476
Other Revenue - TIF's - 6,587 1,000
TOTAL REVENUE 19,914 336,996 1,046,811 716,020
TOTAL RESOURCES 613,428 1,260,819 1,970,634 1,309,533
EXPENSES
Auditing & Accounting - 4,025 5,000 975
Legal Services - 896 10,000 9,105
Consulting Services - - 10,000 10,000
Contract Services 3,115 30,961 55,000 24,039
Printing & Binding - - 1,000 1,000
Other Professional Services - 7,599 5,000 (2,599)
General Liability Insurance - - 250 250
Postage 42 172 200 28
Matching Grant - - - -
Legal Notices 772 1,740 800 (940)
Licenses & Fees - - - -
Travel & Training - 161 1,000 839
Other Expenditures - - 500 500
Office Supplies - - 500 500
Supplies - - 300 300
Land - - 100,000 100,000
Bond Principal - Lincoln Pool - - 201,787 201,787
Façade Improvement 70,443 519,378 987,500 468,122
South Locust - - - -
Alleyway Improvement - - - -
Other Projects - - 111,000 111,000
Bond Principal - 129,743 266,659 136,916
Bond Interest - 27,088 50,747 23,659
Interest Expense - - - -
TOTAL EXPENSES 74,372 721,763 1,807,243 1,085,480
INCREASE(DECREASE) IN CASH (54,458) (384,768) (760,432) (369,460)
ENDING CASH 539,055 539,055 163,391 224,054
LESS COMMITMENTS 715,164 715,164
AVAILABLE CASH (176,109) (176,109) 163,391 224,054
CHECKING 173,814
INVESTMENTS 365,241
Total Cash 539,055
Grand Island Regular Meeting - 5/9/2012 Page 11 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
MONTH ENDED 2011-2012 2012 REMAINING
APRIL 2012 YEAR TO DATE BUDGET BALANCE
CRA
GENERAL OPERATIONS:
Property Taxes 19,897 169,984 639,405 469,421
Interest Income 7 4,341 8,000 3,659
Land Sales - - 70,000 70,000
Other Revenue & Motor Vehicle Tax - 6,524 10,000 3,476
TOTAL 19,904 180,849 727,405 546,556
GILI TRUST
Property Taxes - 32,019 32,890 871
Interest Income - 511 - (511)
Other Revenue - - - -
TOTAL - 32,530 32,890 360
CHERRY PARK LTD II
Property Taxes - 31,776 59,180 27,404
Interest Income 10 99 - (99)
Other Revenue - - - -
TOTAL 10 31,875 59,180 27,305
GENTLE DENTAL
Property Taxes - 80 4,202 4,122
Interest Income 0 1 - (1)
Other Revenue - - - -
TOTAL 0 81 4,202 4,121
PROCON TIF
Property Taxes - 9,109 19,162 10,053
Interest Income 0 2 - (2)
Other Revenue - 233 - (233)
TOTAL 0 9,344 19,162 9,818
WALNUT HOUSING PROJECT
Property Taxes - 32,025 74,472 42,447
Interest Income 0 5 - (5)
Other Revenue - 6,354 - (6,354)
TOTAL 0 38,384 74,472 36,088
BRUNS PET GROOMING
Property Taxes - 6,474 11,000 4,526
Interest Income - - - -
Other Revenue - - - -
TOTAL - 6,474 11,000 4,526
GIRARD VET CLINIC
Property Taxes - 9,196 14,000 4,804
Interest Income - - - -
Other Revenue - - - -
TOTAL - 9,196 14,000 4,804
GEDDES ST APTS-PROCON
Property Taxes - 14,852 30,000 15,148
Interest Income - - - -
Other Revenue - - - -
Grand Island Regular Meeting - 5/9/2012 Page 12 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
MONTH ENDED 2011-2012 2012 REMAINING
APRIL 2012 YEAR TO DATE BUDGET BALANCE
TOTAL - 14,852 30,000 15,148
SOUTHEAST CROSSING
Property Taxes - 7,255 14,000 6,745
Interest Income - - - -
Other Revenue - - - -
TOTAL - 7,255 14,000 6,745
Poplar Street Water
Property Taxes - 61 1,000 939
Interest Income - - - -
Other Revenue - - 1,000 1,000
TOTAL - 61 2,000 1,939
CASEY'S @ FIVE POINTS
Property Taxes - 4,262 15,000 10,738
Interest Income - - - -
Other Revenue - - - -
TOTAL - 4,262 15,000 10,738
SOUTH POINTE HOTEL PROJECT
Property Taxes - 1,473 22,000 20,527
Interest Income - - - -
Other Revenue - - - -
TOTAL - 1,473 22,000 20,527
TODD ENCK PROJECT
Property Taxes - 104 5,500 5,396
Interest Income - - - -
Other Revenue - - - -
TOTAL - 104 5,500 5,396
JOHN SCHULTE CONSTRUCTION
Property Taxes - 77 3,000 2,923
Interest Income - - - -
Other Revenue - - - -
TOTAL - 77 3,000 2,923
PHARMACY PROPERTIES INC
Property Taxes - 178 8,000 7,822
Interest Income - - - -
Other Revenue - - - -
TOTAL - 178 8,000 7,822
KEN-RAY LLC
Property Taxes - - 5,000 5,000
Interest Income - - - -
Other Revenue - - - -
TOTAL - - 5,000 5,000
SKAGWAY
Property Taxes - - - -
Interest Income - - - -
Other Revenue - - - -
Grand Island Regular Meeting - 5/9/2012 Page 13 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
MONTH ENDED 2011-2012 2012 REMAINING
APRIL 2012 YEAR TO DATE BUDGET BALANCE
TOTAL - - - -
TOTAL REVENUE 19,914 336,996 1,046,811 709,815
Grand Island Regular Meeting - 5/9/2012 Page 14 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
MONTH ENDED 2011-2012 2012 REMAINING
APRIL 2012 YEAR TO DATE BUDGET BALANCE
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting - 4,025 5,000 975
Legal Services - 896 10,000 9,105
Consulting Services - - 10,000 10,000
Contract Services 3,115 30,961 55,000 24,039
Printing & Binding - - 1,000 1,000
Other Professional Services - 7,599 5,000 (2,599)
General Liability Insurance - - 250 250
Postage 42 172 200 28
Matching Grant - - - -
Legal Notices 772 1,740 800 (940)
Licenses & Fees - - - -
Travel & Training - 161 1,000 839
Other Expenditures - - 500 500
Office Supplies - - 500 500
Supplies - - 300 300
Land - - 100,000 100,000
Bond Principal - Lincoln Pool - - 201,787 201,787
PROJECTS
Façade Improvement 70,443 519,378 987,500 468,122
South Locust - - - -
Alleyway Improvement - - - -
Other Projects - - 111,000 111,000
TOTAL CRA EXPENSES 74,372 564,932 1,489,837 924,905
GILI TRUST
Bond Principal - 33,066 31,627 (1,439)
Bond Interest - 1,325 1,263 (62)
Other Expenditures - - - -
TOTAL GILI EXPENSES - 34,390 32,890 (1,500)
CHERRY PARK LTD II
Bond Principal - 24,473 49,894 25,421
Bond Interest - 5,117 9,286 4,169
TOTAL CHERRY PARK EXPENSES - 29,590 59,180 29,590
GENTLE DENTAL
Bond Principal - 1,349 2,760 1,411
Bond Interest - 752 1,442 690
TOTAL GENTLE DENTAL - 2,101 4,202 2,101
PROCON TIF
Bond Principal - 5,731 11,782 6,051
Bond Interest - 3,850 7,380 3,530
TOTAL PROCON TIF - 9,581 19,162 9,581
WALNUT HOUSING PROJECT
Bond Principal - 21,191 43,096 21,905
Bond Interest - 16,045 31,376 15,331
- - -
TOTAL WALNUT HOUSING - 37,236 74,472 37,236
Grand Island Regular Meeting - 5/9/2012 Page 15 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
MONTH ENDED 2011-2012 2012 REMAINING
APRIL 2012 YEAR TO DATE BUDGET BALANCE
BRUNS PET GROOMING
Bond Principal - 6,474 11,000 4,526
Bond Interest - - - -
TOTAL BRUNS PET GROOMING - 6,474 11,000 4,526
GIRARD VET CLINIC
Bond Principal - 9,196 14,000 4,804
Bond Interest - - - -
TOTAL GIRARD VET CLINIC - 9,196 14,000 4,804
GEDDES ST APTS - PROCON
Bond Principal - 14,852 30,000 15,148
Bond Interest - - - -
TOTAL GEDDES ST APTS - PROCON - 14,852 30,000 15,148
SOUTHEAST CROSSINGS
Bond Principal - 7,255 14,000 6,745
Bond Interest - - - -
TOTAL SOUTHEAST CROSSINGS - 7,255 14,000 6,745
POPLAR STREET WATER
Bond Principal - 61 - (61)
Bond Interest - - - -
Auditing & Accounting - - - -
Contract Services - - - -
TOTAL POPLAR STREET WATER - 61 - (61)
CASEY'S @ FIVE POINTS
Bond Principal - 4,262 15,000 10,738
Bond Interest - - - -
TOTAL CASEY'S @ FIVE POINTS - 4,262 15,000 10,738
SOUTH POINTE HOTEL PROJECT
Bond Principal - 1,473 22,000 20,527
Bond Interest - - - -
TOTAL SOUTH POINTE HOTEL PROJECT - 1,473 22,000 20,527
TODD ENCK PROJECT
Bond Principal - 104 5,500 5,396
Bond Interest - - - -
TOTAL TODD ENCK PROJECT - 104 5,500 5,396
JOHN SCHULTE CONSTRUCTION
Bond Principal - 77 3,000 2,923
Bond Interest - - - -
Auditing & Accounting - - - -
TOTAL JOHN SCHULTE CONSTRUCITON - 77 3,000 2,923
PHARMACY PROPERTIES INC
Bond Principal - 178 8,000 7,822
Bond Interest - - - -
Auditing & Accounting - - - -
Grand Island Regular Meeting - 5/9/2012 Page 16 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
MONTH ENDED 2011-2012 2012 REMAINING
APRIL 2012 YEAR TO DATE BUDGET BALANCE
TOTAL PHARMACH PROPERTIES INC - 178 8,000 7,822
KEN-RAY LLC
Bond Principal - - 5,000 5,000
Bond Interest - - - -
Auditing & Accounting - - - -
TOTAL KEN-RAY LLC - - 5,000 5,000
SKAGWAY
Bond Principal - - - -
Bond Interest - - - -
Auditing & Accounting - - - -
TOTAL SKAGWAY - - - -
TOTAL EXPENSES 74,372 721,763 1,807,243 1,085,480
Grand Island Regular Meeting - 5/9/2012 Page 17 / 52
COMMITTED PROJECTS TOTAL AMOUNT 2012 FISCAL
YR
2013 FISCAL YR 2014 FISCAL
YR
ESTIMATE
D COMP
Downtown BID
Grand Generation/YMCA $ 7,500.00
Indv. Building Evaluations $ 14,816.62
Historic Lighting Projects $ 30,000.00
Total Downtown BID *$ 97,500.00 Fall 2012
Larry Fowle/Micro Blight $ 2,000.00 $ 2,000.00 Fall 2012
Chief Industries $ 100,000.00 $ 100,000.00 Summer
2012
The Chocolate Bar $ 116,536.00 $ 116,536.00 Spring
2013
3333 Ramada Rd - Howard
Johnson
$ 100,000.00 $ 100,000.00 Fall 2012
Fonner Park **$ 192,623.00 $ 96,311.50 $ 96,311.50 Spring
2012
YMCA $ 48,000.00 $ 48,000.00 Summer
2012
2014 Wayside Horns (Custer/
Blaine)
$ 100,000.00 $ 100,000.00 Winter
2014
Primitive Touch Antique
Warehouse
$ 70,443.00 Paid April Fall 2012
The Grand Façade $300,000
($100 over 3 fiscal yrs)
$ 300,000.00 $ 200,000.00 $ 100,000.00 Spring
2012
Wilmar Realty LLC $300,000
($100k over 3 fiscal yrs) ***
$ 100,000.00 $ 100,000.00 Fall 2012
Total Committed $ 1,227,102.00 $ 715,164.12 $ 296,311.50 $ 100,000.00
Façade Budget $ Remaining $ 468,122.10 $ 987,500.00
Other Budget $ to use $ 100,000.00 $ 100,000.00
Other Budget $ to use $ 111,000.00 $ 111,000.00
subtotal $ 679,122.10 $ 1,198,500.00
Less committed $ (715,164.12)$ (296,311.50)
Balance remaining $ (36,042.02)$ 902,188.50
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
April 30, 2012
* Downtown BID 8 has been paid for the POW Marker and for a part of the building evaluations.
** Fonner Park to be paid out over two years (project completed in Spring 2012).
*** Wilmar has been paid $200,000 for their Façade grant (they have $100,000 remaining).
Grand Island Regular Meeting - 5/9/2012 Page 18 / 52
Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 5/9/2012 Page 19 / 52
9-May-12
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
Officenet Inc.
Postage
Lawnscape $ 160.00
Grand Island Independent
Monthly & Redevelopment Plan Notices $ 28.54
Mayer, Burns, Koenig & Janulewicz Legal Services $ 225.00
Total:
$ 413.54
Grand Island Regular Meeting - 5/9/2012 Page 20 / 52
Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
Regular Meeting
Item E1
Committed Projects
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 5/9/2012 Page 21 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
2011-2012 2012 REMAINING
YEAR TO DATE BUDGET BALANCE
CONSOLIDATED
Beginning Cash 923,823 923,823 593,514
REVENUE:
Property Taxes-CRA 169,984 639,405 469,421
Property Taxes-TIF's 148,943 318,406 169,463
Loan Proceeds - - -
Interest Income - CRA 4,341 8,000 3,659
Interest Income - TIF'S 617 -
Land Sales - 70,000 70,000
Other Revenue - CRA 6,524 10,000 3,476
Other Revenue - TIF's 6,587 1,000
TOTAL REVENUE 336,996 1,046,811 716,020
TOTAL RESOURCES 1,260,819 1,970,634 1,309,533
EXPENSES
Auditing & Accounting 4,025 5,000 975
Legal Services 896 10,000 9,105
Consulting Services - 10,000 10,000
Contract Services 30,961 55,000 24,039
Printing & Binding - 1,000 1,000
Other Professional Services 7,599 5,000 (2,599)
General Liability Insurance - 250 250
Postage 172 200 28
Matching Grant - - -
Legal Notices 1,740 800 (940)
Licenses & Fees - - -
Travel & Training 161 1,000 839
Other Expenditures - 500 500
Office Supplies - 500 500
Supplies - 300 300
Land - 100,000 100,000
Bond Principal - Lincoln Pool - 201,787 201,787
Façade Improvement 519,378 987,500 468,122
South Locust - - -
Alleyway Improvement - - -
Other Projects - 111,000 111,000
Bond Principal 129,743 266,659 136,916
Bond Interest 27,088 50,747 23,659
Interest Expense - - -
TOTAL EXPENSES 721,763 1,807,243 1,085,480
INCREASE(DECREASE) IN CASH (384,768) (760,432) (369,460)
ENDING CASH 539,055 163,391 224,054
LESS COMMITMENTS 715,164
AVAILABLE CASH (176,109) 163,391 224,054
CHECKING
INVESTMENTS
Total Cash
Grand Island Regular Meeting - 5/9/2012 Page 22 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
2011-2012 2012 REMAINING
YEAR TO DATE BUDGET BALANCE
CRA
GENERAL OPERATIONS:
Property Taxes 169,984 639,405 469,421
Interest Income 4,341 8,000 3,659
Land Sales - 70,000 70,000
Other Revenue & Motor Vehicle Tax 6,524 10,000 3,476
TOTAL 180,849 727,405 546,556
GILI TRUST
Property Taxes 32,019 32,890 871
Interest Income 511 - (511)
Other Revenue - - -
TOTAL 32,530 32,890 360
CHERRY PARK LTD II
Property Taxes 31,776 59,180 27,404
Interest Income 99 - (99)
Other Revenue - - -
TOTAL 31,875 59,180 27,305
GENTLE DENTAL
Property Taxes 80 4,202 4,122
Interest Income 1 - (1)
Other Revenue - - -
TOTAL 81 4,202 4,121
PROCON TIF
Property Taxes 9,109 19,162 10,053
Interest Income 2 - (2)
Other Revenue 233 - (233)
TOTAL 9,344 19,162 9,818
WALNUT HOUSING PROJECT
Property Taxes 32,025 74,472 42,447
Interest Income 5 - (5)
Other Revenue 6,354 - (6,354)
TOTAL 38,384 74,472 36,088
BRUNS PET GROOMING
Property Taxes 6,474 11,000 4,526
Interest Income - - -
Other Revenue - - -
TOTAL 6,474 11,000 4,526
GIRARD VET CLINIC
Property Taxes 9,196 14,000 4,804
Interest Income - - -
Other Revenue - - -
TOTAL 9,196 14,000 4,804
GEDDES ST APTS-PROCON
Property Taxes 14,852 30,000 15,148
Interest Income - - -
Other Revenue - - -
Grand Island Regular Meeting - 5/9/2012 Page 23 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
2011-2012 2012 REMAINING
YEAR TO DATE BUDGET BALANCE
TOTAL 14,852 30,000 15,148
SOUTHEAST CROSSING
Property Taxes 7,255 14,000 6,745
Interest Income - - -
Other Revenue - - -
TOTAL 7,255 14,000 6,745
Poplar Street Water
Property Taxes 61 1,000 939
Interest Income - - -
Other Revenue - 1,000 1,000
TOTAL 61 2,000 1,939
CASEY'S @ FIVE POINTS
Property Taxes 4,262 15,000 10,738
Interest Income - - -
Other Revenue - - -
TOTAL 4,262 15,000 10,738
SOUTH POINTE HOTEL PROJECT
Property Taxes 1,473 22,000 20,527
Interest Income - - -
Other Revenue - - -
TOTAL 1,473 22,000 20,527
TODD ENCK PROJECT
Property Taxes 104 5,500 5,396
Interest Income - - -
Other Revenue - - -
TOTAL 104 5,500 5,396
JOHN SCHULTE CONSTRUCTION
Property Taxes 77 3,000 2,923
Interest Income - - -
Other Revenue - - -
TOTAL 77 3,000 2,923
PHARMACY PROPERTIES INC
Property Taxes 178 8,000 7,822
Interest Income - - -
Other Revenue - - -
TOTAL 178 8,000 7,822
KEN-RAY LLC
Property Taxes - 5,000 5,000
Interest Income - - -
Other Revenue - - -
TOTAL - 5,000 5,000
SKAGWAY
Property Taxes - - -
Interest Income - - -
Other Revenue - - -
Grand Island Regular Meeting - 5/9/2012 Page 24 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
2011-2012 2012 REMAINING
YEAR TO DATE BUDGET BALANCE
TOTAL - - -
TOTAL REVENUE 336,996 1,046,811 709,815
Grand Island Regular Meeting - 5/9/2012 Page 25 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
2011-2012 2012 REMAINING
YEAR TO DATE BUDGET BALANCE
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting 4,025 5,000 975
Legal Services 896 10,000 9,105
Consulting Services - 10,000 10,000
Contract Services 30,961 55,000 24,039
Printing & Binding - 1,000 1,000
Other Professional Services 7,599 5,000 (2,599)
General Liability Insurance - 250 250
Postage 172 200 28
Matching Grant - - -
Legal Notices 1,740 800 (940)
Licenses & Fees - - -
Travel & Training 161 1,000 839
Other Expenditures - 500 500
Office Supplies - 500 500
Supplies - 300 300
Land - 100,000 100,000
Bond Principal - Lincoln Pool - 201,787 201,787
PROJECTS
Façade Improvement 519,378 987,500 468,122
South Locust - - -
Alleyway Improvement - - -
Other Projects - 111,000 111,000
TOTAL CRA EXPENSES 564,932 1,489,837 924,905
GILI TRUST
Bond Principal 33,066 31,627 (1,439)
Bond Interest 1,325 1,263 (62)
Other Expenditures - - -
TOTAL GILI EXPENSES 34,390 32,890 (1,500)
CHERRY PARK LTD II
Bond Principal 24,473 49,894 25,421
Bond Interest 5,117 9,286 4,169
TOTAL CHERRY PARK EXPENSES 29,590 59,180 29,590
GENTLE DENTAL
Bond Principal 1,349 2,760 1,411
Bond Interest 752 1,442 690
TOTAL GENTLE DENTAL 2,101 4,202 2,101
PROCON TIF
Bond Principal 5,731 11,782 6,051
Bond Interest 3,850 7,380 3,530
TOTAL PROCON TIF 9,581 19,162 9,581
WALNUT HOUSING PROJECT
Bond Principal 21,191 43,096 21,905
Bond Interest 16,045 31,376 15,331
- - -
TOTAL WALNUT HOUSING 37,236 74,472 37,236
Grand Island Regular Meeting - 5/9/2012 Page 26 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
2011-2012 2012 REMAINING
YEAR TO DATE BUDGET BALANCE
BRUNS PET GROOMING
Bond Principal 6,474 11,000 4,526
Bond Interest - - -
TOTAL BRUNS PET GROOMING 6,474 11,000 4,526
GIRARD VET CLINIC
Bond Principal 9,196 14,000 4,804
Bond Interest - - -
TOTAL GIRARD VET CLINIC 9,196 14,000 4,804
GEDDES ST APTS - PROCON
Bond Principal 14,852 30,000 15,148
Bond Interest - - -
TOTAL GEDDES ST APTS - PROCON 14,852 30,000 15,148
SOUTHEAST CROSSINGS
Bond Principal 7,255 14,000 6,745
Bond Interest - - -
TOTAL SOUTHEAST CROSSINGS 7,255 14,000 6,745
POPLAR STREET WATER
Bond Principal 61 - (61)
Bond Interest - - -
Auditing & Accounting - - -
Contract Services - - -
TOTAL POPLAR STREET WATER 61 - (61)
CASEY'S @ FIVE POINTS
Bond Principal 4,262 15,000 10,738
Bond Interest - - -
TOTAL CASEY'S @ FIVE POINTS 4,262 15,000 10,738
SOUTH POINTE HOTEL PROJECT
Bond Principal 1,473 22,000 20,527
Bond Interest - - -
TOTAL SOUTH POINTE HOTEL PROJECT 1,473 22,000 20,527
TODD ENCK PROJECT
Bond Principal 104 5,500 5,396
Bond Interest - - -
TOTAL TODD ENCK PROJECT 104 5,500 5,396
JOHN SCHULTE CONSTRUCTION
Bond Principal 77 3,000 2,923
Bond Interest - - -
Auditing & Accounting - - -
TOTAL JOHN SCHULTE CONSTRUCITON 77 3,000 2,923
PHARMACY PROPERTIES INC
Bond Principal 178 8,000 7,822
Bond Interest - - -
Auditing & Accounting - - -
Grand Island Regular Meeting - 5/9/2012 Page 27 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF April 2012
2011-2012 2012 REMAINING
YEAR TO DATE BUDGET BALANCE
TOTAL PHARMACH PROPERTIES INC 178 8,000 7,822
KEN-RAY LLC
Bond Principal - 5,000 5,000
Bond Interest - - -
Auditing & Accounting - - -
TOTAL KEN-RAY LLC - 5,000 5,000
SKAGWAY
Bond Principal - - -
Bond Interest - - -
Auditing & Accounting - - -
TOTAL SKAGWAY - - -
TOTAL EXPENSES 721,763 1,807,243 1,085,480
Grand Island Regular Meeting - 5/9/2012 Page 28 / 52
COMMITTED PROJECTS TOTAL AMOUNT 2012 FISCAL
YR
2013 FISCAL YR 2014 FISCAL
YR
ESTIMATE
D COMP
Downtown BID
Grand Generation/YMCA $ 7,500.00
Indv. Building Evaluations $ 14,816.62
Historic Lighting Projects $ 30,000.00
Total Downtown BID *$ 97,500.00 Fall 2012
Larry Fowle/Micro Blight $ 2,000.00 $ 2,000.00 Fall 2012
Chief Industries $ 100,000.00 $ 100,000.00 Summer
2012
The Chocolate Bar $ 116,536.00 $ 116,536.00 Spring
2013
3333 Ramada Rd - Howard
Johnson
$ 100,000.00 $ 100,000.00 Fall 2012
Fonner Park **$ 192,623.00 $ 96,311.50 $ 96,311.50 Spring
2012
YMCA $ 48,000.00 $ 48,000.00 Summer
2012
2014 Wayside Horns (Custer/
Blaine)
$ 100,000.00 $ 100,000.00 Winter
2014
Primitive Touch Antique
Warehouse
$ 70,443.00 Paid April Fall 2012
The Grand Façade $300,000
($100 over 3 fiscal yrs)
$ 300,000.00 $ 200,000.00 $ 100,000.00 Spring
2012
Wilmar Realty LLC $300,000
($100k over 3 fiscal yrs) ***
$ 100,000.00 $ 100,000.00 Fall 2012
Total Committed $ 1,227,102.00 $ 598,628.12 $ 412,847.50 $ 100,000.00
Façade Budget $ Remaining $ 468,122.10 $ 987,500.00
Other Budget $ to use $ 100,000.00 $ 100,000.00
Other Budget $ to use $ 111,000.00 $ 111,000.00
subtotal $ 679,122.10 $ 1,198,500.00
Less committed $ (598,628.12)$ (412,847.50)
Balance remaining $ 80,493.98 $ 785,652.50
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
April 30, 2012
* Downtown BID 8 has been paid for the POW Marker and for a part of the building evaluations.
** Fonner Park to be paid out over two years (project completed in Spring 2012).
*** Wilmar has been paid $200,000 for their Façade grant (they have $100,000 remaining).
Grand Island Regular Meeting - 5/9/2012 Page 29 / 52
Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
Regular Meeting
Item H1
TIF Request
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, May 9, 2012
Regular Meeting
Item I1
Redevelopment Plan
Staff Contact: Chad Nabity
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