07-31-2012 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Tuesday, July 31, 2012
Regular Meeting Packet
Board Members:
Michelle Fitzke
Tom Gdowski
Barry Sandstrom
Sue Pirnie
Glen Murray
4:00 PM
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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.
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Community Redevelopment
Authority (CRA)
Tuesday, July 31, 2012
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
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Tuesday July 31, 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 July 11, 2012 Meeting.
3.Consideration of a Resolution to forward a Redevelopment Plan Amendment to the
Hall County Regional Planning Commission for 2300 N Webb Road, Grand Island,
with Gordman Grand Island, LLC.
4.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 2300 N Webb
Road, with Gordman Grand Island, LLC.
5.Discussion with Procon regarding the possible sale of 3rd floor of Old City Hall.
6.Budget Approval.
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 August 8, 2012
The CRA may go into closed session for any agenda item as allowed by state law.
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Community Redevelopment
Authority (CRA)
Tuesday, July 31, 2012
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 7/31/2012 Page 5 / 48
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
July 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 July 11, 2012 at City Hall 100 E First Street. Notice of the meeting was given
in the July 3, 2012 Grand Island Independent.
1.CALL TO ORDER. Chairman Barry Sandstrom called the meeting to order
at 4:02 p.m. The following members were present: Glen Murray and Tom
Gdowski. Also present were; Director, Chad Nabity; Secretary, Rose
Woods; Council Liaison, Vaughn Minton; Finance Director, Jaye Monter;
Legal Counsel, Duane Burns; Todd Enck, Roger Bullington (Members
Michelle Fitzke and Sue Pirnie were 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
June 13, 2012 meeting was made by Murray and seconded by Gdowski.
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 June 1, 2012 through June 31, 2012. Motion was
made by Gdowski and 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 Gdowski and seconded by Murray to approve the bills in
the amount of $98,787.89. Upon roll call vote all present voted aye. Motion
carried unanimously to approve the payment of bills totaling $98,787.89.
5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY.
Nabity reviewed the Committed Projects. Larry Fowle would be submitting
a bill to the CRA next month for his micro blight study. Chief Industries is
continuing their demo and cleanup of the old co-op. Fonner Park first
installment has been approved for payment. All inspections have been
signed off by the Grand Island Building Department. YMCA is continuing
their work on the roof. The Grand Façade is almost done and will be
Grand Island Regular Meeting - 7/31/2012 Page 6 / 48
sending a bill in the next few months. The Chocolate Bar is Willmar
Reality is complete.
6.MEMORANDUM OF UNDERSTANDING WITH CHIEF INDUSTRIES.
RE: FORMER AURORA COOP PROPERTY.
At the April CRA meeting Chief Industries was awarded a grant of
$100,000 to help pay for the demolition of the buildings on the Aurora
Coop property. The CRA was interested in the possibility of getting that
money back in the event that TIF is used on this property and Chief was
agreeable. A Memorandum of Understanding was approved subject to
negotiating minor changes. That MOU has been changed significantly,
including the addition of a signature line for the Mayor (subject to Council
Approval); to insure that all parties are aware of what is proposed. If the
MOU is not signed the grant that CRA awarded will still be paid to Chief
upon completion of the project. If the MOU is approved it does not commit
the City or the CRA to using TIF for the project but it does make the costs
for demolition, site clearance and the installation of public utilities that will
or may occur prior to an application for TIF eligible for reimbursement. The
CRA will have some possibility of getting all or a portion of the Grant for
demolition back.
A motion for approval of the Memo of Understanding with Chief Industries
RE: Former Aurora Coop was made by Murray and seconded by Gdowski.
Upon roll call vote all present voted aye. Motion carried unanimously.
7.CONSIDERATION OF RESOLUTION 138.
Consideration of a Resolution to forward a Site Specific redevelopment
plan to the Hall County Regional Planning Commission for 125 N Carey
Street. The CRA received a TIF application and staff has prepared a Site
Specific redevelopment plan (the “Plan”), for redevelopment of an area
within city limits of the City of Grand Island, Hall County, Nebraska. A
MOTION to approve Resolution No. 138.
A motion for approval of Resolution No. 138 to forward the Site Specific
Redevelopment Plan to the Hall County Regional Planning Commission
for 125 N Carey was made by Gdowski and seconded by Murray. Upon
roll call vote all present voted aye. Motion carried unanimously.
8.CONSIDERATION OF RESOLUTION 139.
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 125 N Carey Street.
A MOTION to approve Resolution No. 139.
A motion for approval of Resolution No. 139 to forward the Site Specific
Redevelopment Plan to the City Council for 125 N Carey was made by
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Gdowski and seconded by Murray. Upon roll call vote all present voted
aye. Motion carried unanimously.
9.DISCUSSION ABOUT OLD CITY HALL.
There was no discussion with PROCON. They needed to submit a formal
letter to the CRA to discuss the possible sale of the Old City Hall 3rd Floor.
10.BUDGET
Review of 2012-2013 Budget. Monter reviewed the budget numbers. The
budget will be cleaned up and brought forth at the next meeting.
11.DIRECTORS REPORT.
There will be two blight studies.
12. ADJOURNMENT.
Sandstrom adjourned the meeting at 4:55 p.m.
The next meeting is scheduled for July 31, 2012 at 4:00 p.m.
Respectfully submitted
Chad Nabity
Director
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Community Redevelopment
Authority (CRA)
Tuesday, July 31, 2012
Regular Meeting
Item H1
TIF Application for 2300 N Webb Rd
Staff Contact: Chad Nabity
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COMMUNITY REDEVELOPMENT AUTHORITY
OF THE CITY OF GRAND ISLAND, NEBRASKA
RESOLUTION NO. 140
RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY
OF GRAND ISLAND, NEBRASKA, SUBMITTING A PROPOSED
REDEVELOPMENT PLAN TO THE HALL COUNTY REGIONAL PLANNING
COMMISSION FOR ITS RECOMMENDATION
WHEREAS, this Community Redevelopment Authority of the City of Grand
Island, Nebraska ("Authority"), pursuant to the Nebraska Community
Development Law (the "Act"), prepared a proposed redevelopment plan (the
"Plan") a copy of which is attached hereto as Exhibit 1, for redevelopment of an
area within the city limits of the City of Grand Island, Hall County, Nebraska; and
WHEREAS, the Authority is required by Section 18-2112 of the Act to submit
said to the planning board having jurisdiction of the area proposed for redevelopment
for review and recommendation as to its conformity with the general plan for the
development of the City of Grand Island, Hall County, Nebraska;
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
The Authority submits to the Hall County Regional Planning Commission the
proposed Plan attached to this Resolution, for review and recommendation as to its
conformity with the general plan for the development of the City of Grand Island, Hall
County, Nebraska.
Passed and approved this ___ day of ___________, 2012.
COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF
GRAND ISLAND, NEBRASKA.
By___________________________
Chairperson
ATTEST:
__________________________
Secretary
Grand Island Regular Meeting - 7/31/2012 Page 27 / 48
EXHIBIT 1
REDEVELOPMENT PLAN AMENDMENT
Grand Island Regular Meeting - 7/31/2012 Page 28 / 48
Site Specific Redevelopment Plan
Grand Island CRA Area #9
July 2012
The Community Redevelopment Authority (CRA) of the City of Grand Island
intends to amend the Redevelopment Plan for Area #9 with in the city, pursuant to
the Nebraska Community Development Law (the “Act”) and provide for the
financing of a specific infrastructure related project in Area #9.
Executive Summary:
Project Description
THE RENOVATION OF 89,438 SQUARE FEET OF RETAIL SPACE AT THE
FORMER GORDMANS STORE ON THE CORNER OF U.S. HIGHWAY 281 AND
CAPITAL AVENUE AT 2300 N WEBB RD AND 2408 PLAZA DRIVE LOCATED
ON LOTS 1 AND 2 OF GRAND ISLAND PLAZA SECOND SUBDIVSION AND
THE SUBSEQUENT SITE WORK, UTILITY, ENGINEERING, LANDSCAPING
AND PARKING IMPROVEMENTS NECESSARY FOR THE RENOVATION AT
THIS LOCATION.
The developer intends to use Tax Increment Financing to aid in renovate the existing
tenant spaces and update and improve the façade of the building on the north, east and
west sides of the building as well as improving access to the property from Capital
Avenue, renovating the existing parking and adding more parking. This project would
not be possible in an affordable manner without the use of TIF.
The site is owned by the developer. All site work, demolition and utilities will be paid
for by the developer. The developer is responsible for and has provided evidence that
they can secure adequate debt financing to cover the costs associated with the acquisition,
site work and remodeling. The Grand Island Community Redevelopment Authority
(CRA) intends to pledge the ad valorem taxes generated over the 15 year period
beginning January 1, 2013 towards the allowable costs and associated financing for the
remodeling and site work.
TAX INCREMENT FINANCING TO PAY FOR THE ACQUISTION OF THE
PROPERTY AND RELATED SITE WORK WILL COME FROM THE
FOLLOWING REAL PROPERTY:
Property Description (the “Redevelopment Project Area”)
This property is located at the northwest corner of U.S. Highway 281 and State Street in
northwest Grand Island. The attached map identifies the subject property and the
surrounding land uses:
Legal Descriptions Lots 1 and 2 of Grand Island Plaza Second
Subdivision in the City of Grand Island, Hall County, Nebraska.
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Grand Island Existing Land Use July 2012
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The tax increment will be captured for the tax years the payments for which become
delinquent in years 2014 through 2028 inclusive.
The real property ad valorem taxes on the current valuation will continue to be paid
to the normal taxing entities. The increase will come from rehabilitation of the
vacant commercial space into smaller tenant spaces.
Statutory Pledge of Taxes.
Pursuant to Section 18-2147 of the Act, any ad valorem tax levied upon real property in
the Redevelopment Project Area shall be divided, for the period not to exceed 15 years
after the effective date of the provision, which effective date shall be January 1, 2013.
a. That portion of the ad valorem tax which is produced by levy at the rate
fixed each year by or for each public body upon the redevelopment project valuation shall
be paid into the funds, of each such public body in the same proportion as all other taxes
collected by or for the bodies; and
b. That portion of the ad valorem tax on real property in the
redevelopment project in excess of such amount, if any, shall be allocated to and, when
collected, paid into a special fund of the Authority to pay the principal of; the interest on,
and any premiums due in connection with the bonds, loans, notes, or advances on money
to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such
Authority for financing or refinancing, in whole or in part, a redevelopment project.
When such bonds, loans, notes, advances of money, or indebtedness including interest
and premium due have been paid, the Authority shall so notify the County Assessor and
County Treasurer and all ad valorem taxes upon real property in such redevelopment
project shall be paid into the funds of the respective public bodies.
Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged
to the repayment of loans or advances of money, or the incurring of any indebtedness,
whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in
whole or in part, the redevelopment project, including the payment of the principal of,
premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness.
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Redevelopment Plan Amendment Complies with the Act:
The Community Development Law requires that a Redevelopment Plan and Project
consider and comply with a number of requirements. This Plan Amendment meets the
statutory qualifications as set forth below.
1. The Redevelopment Project Area has been declared blighted and substandard by
action of the Grand Island City Council on April 24, 2012. [§18-2109] Such
declaration was made after a public hearing with full compliance with the public
notice requirements of §18-2115 of the Act.
2. Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13)
(a) and §18-2110]
Grand Island adopted a Comprehensive Plan on July 13, 2004. This redevelopment plan
amendment and project are consistent with the Comprehensive Plan, in that no changes in
the Comprehensive Plan elements are intended. This plan merely provides funding for
the developer to rehabilitate an existing conforming use on this property.
3. The Redevelopment Plan must be sufficiently complete to address the following
items: [§18-2103(13) (b)]
a. Land Acquisition:
The Generalized Redevelopment Plan for Area #9 provides for real property acquisition
and this plan amendment does not prohibit such acquisition. There is no proposed
acquisition by the authority or the developer.
b. Demolition and Removal of Structures:
The project to be implemented with this plan amendment does not call for the demolition
and removal of any existing structures.
c. Future Land Use Plan
See the attached map from the 2004 Grand Island Comprehensive Plan. The site is
planned for highway commercial development. [§18-2103(b) and §18-2111] The
attached map also is an accurate site plan of the area after redevelopment. [§18-2111(5)]
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City of Grand Island Future Land Use Map
Grand Island Regular Meeting - 7/31/2012 Page 33 / 48
d. Changes to zoning, street layouts and grades or building codes or ordinances or
other Planning changes.
The area is zoned B1 Light Business zone. No zoning changes are anticipated with this
project. No changes are anticipated in street layouts or grades. No changes are
anticipated in building codes or ordinances. Nor are any other planning changes
contemplated. The proposed use for commercial retail space is permitted in the B1 zoning
district. [§18-2103(b) and §18-2111]
e. Site Coverage and Intensity of Use
The developer is proposing rehabilitate the existing structure a conforming structure and
use in the B1 zoning district. [§18-2103(b) and §18-2111]
f. Additional Public Facilities or Utilities
This site has full service to municipal utilities. No utilities would be impacted by the
development.
The developer will be responsible for replacing any sidewalks damaged during
construction of the project.
No other utilities would be impacted by the development. [§18-2103(b) and §18-2111]
4. The Act requires a Redevelopment Plan provide for relocation of individuals and
families displaced as a result of plan implementation.
This property, owned by the developer is maintained as retail center. The proposed use
of this property would continue as a retail commercial space. No individuals or families
will be relocated as a result of this project.[§18-2103.02]
5. No member of the Authority, nor any employee thereof holds any interest in any
property in this Redevelopment Project Area. [§18-2106]
6. Section 18-2114 of the Act requires that the Authority consider:
a. Method and cost of acquisition and preparation for redevelopment and estimated
proceeds from disposal to redevelopers.
The developer has owned the property for since 19??. The cost of property acquisition is
not being included as a TIF eligible expense. Costs for rehabilitation of the existing
structure and parking improvements are estimated at $4,041,744 including all fees. The
direct cost to renovate the building is estimated at $2,609,744. Fees and reimbursement
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to the City and the CRA of $6,500, the cost of the original blight study and generalized
redevelopment plan of $6,000 are included as a TIF eligible expense.
No property will be transferred to redevelopers by the Authority. The developer will
provide and secure all necessary financing.
b. Statement of proposed method of financing the redevelopment project.
The developer will provide all necessary financing for the project. The Authority will
assist the project by granting the sum of $1,072,785 from the proceeds of the TIF
Indebtedness issued by the Authority. This indebtedness will be repaid from the Tax
Increment Revenues generated from the project. TIF revenues shall be made available to
repay the original debt and associated interest after January 1, 2014 through December
31, 2027.
c. Statement of feasible method of relocating displaced families.
No families will be displaced as a result of this plan.
7. Section 18-2113 of the Act requires:
Prior to recommending a redevelopment plan to the governing body for approval, an
authority shall consider whether the proposed land uses and building requirements in the
redevelopment project area are designed with the general purpose of accomplishing, in
conformance with the general plan, a coordinated, adjusted, and harmonious development
of the city and its environs which will, in accordance with present and future needs,
promote health, safety, morals, order, convenience, prosperity, and the general welfare, as
well as efficiency and economy in the process of development, including, among other
things, adequate provision for traffic, vehicular parking, the promotion of safety from
fire, panic, and other dangers, adequate provision for light and air, the promotion of the
healthful and convenient distribution of population, the provision of adequate
transportation, water, sewerage, and other public utilities, schools, parks, recreational and
community facilities, and other public requirements, the promotion of sound design and
arrangement, the wise and efficient expenditure of public funds, and the prevention of the
recurrence of insanitary or unsafe dwelling accommodations or conditions of blight.
The Authority has considered these elements in proposing this Plan Amendment. This
amendment, in and of itself will promote consistency with the Comprehensive Plan, in
that it will allow for the utilization of and redevelopment of commercial lots. This will
not significantly impact traffic on at the intersection of State Street and U.S. Highway
281. Renovated commercial development will raise property values and provide a
stimulus to keep surrounding properties properly maintained. This will have the intended
result of preventing recurring elements of unsafe buildings and blighting conditions.
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8. Time Frame for Development
Development of this project (including demolition, site preparation and new construction)
is anticipated to be completed between September 2012 and April of 2013. Excess
valuation should be available for this project for 15 years beginning with the 2013 tax
year.
9. Justification of Project
The U.S. Highway 281 Corridor is a major entrance for the City of Grand Island from the
north and from I-80. The majority of the new commercial development in Grand Island
in the past 10 years has occurred along this stretch of highway. The Grand Island Mall
area was one of the first pieces in this corridor to develop. The pattern that has been most
successful with buildings facing onto U.S. 281 was not as obvious a pattern for success as
it is today. The opportunity to partner with owners of key building along this corridor as
they redevelop and reinvest in their properties is important to making those favorable first
impressions. This property in particular at the corner of the largest intersection in the City
has a unique opportunity to set the tone for a visitor’s entire experience in Grand Island.
10. Cost Benefit Analysis Section 18-2113 of the Act, further requires the Authority
conduct a cost benefit analysis of the plan amendment in the event that Tax Increment
Financing will be used. This analysis must address specific statutory issues.
(a) Tax shifts resulting from the approval of the use of Tax Increment Financing;
The redevelopment project area currently has an estimated valuation of $2,187,305.
The proposed renovation of this facility will result in an estimated additional $3,262,365
of taxable valuation based on an analysis by the Hall County Assessor’s office. No tax
shifts are anticipated from the project. The project creates additional valuation that will
support taxing entities long after the project is paid off.
(b) Public infrastructure and community public service needs impacts and local tax
impacts arising from the approval of the redevelopment project;
No additional public service needs have been identified. Existing water and waste
water facilities will not be impacted by this development. The electric utility has
sufficient capacity to support the development. It is not anticipated that this will impact
schools. Fire and police protection are available and should not be impacted by this
development.
(c) Impacts on employers and employees of firms locating or expanding within the
boundaries of the area of the redevelopment project;
The proposed facility will provide jobs for persons employed by the contractors that
will be involved with the project. It could result in a new local and/or national retailers
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locating in Grand Island. The new retail facilities will employ managerial and sales staff
at these locations.
(d) Impacts on other employers and employees within the city or village and the
immediate area that are located outside of the boundaries of the area of the
redevelopment project; and
This may create additional demand for retail service employees in the Grand Island
area and could impact other retailers.
(e) Any other impacts determined by the authority to be relevant to the
consideration of costs and benefits arising from the redevelopment project.
This will improve the northern entrance into the City of Grand Island. The updates
and upgrades a portion of one of the oldest commercial areas along U.S. Highway 281.
Since these are proposed for retail commercial use this may give the City a greater
opportunity to capture more sales tax dollars.
Time Frame for Development
Development of this project is anticipated to be completed during between September
2012 and April of 2013. The base tax year should be calculated on the value of the
property as of January 1, 2012. The tax increment on excess valuation should be
available for this project for 15 years beginning in 2014. Excess valuation will be used to
pay the TIF Indebtedness issued by the CRA per the contract between the CRA and the
developer for a period not to exceed 15 years or an amount not to exceed $1,072,785 the
projected amount of increment based upon the anticipated value of the project and current
tax rate. Based on the estimates of the expenses of the cost of renovation, site
preparation, engineering, expenses and fees reimbursed to the City and CRA, and
financing fees the developer will spend over $4,000,000 on TIF eligible activities over
$2,600,000 of which are directly related to remodeling and rehabilitating the existing
building.
See Attached Building Plans
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COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY
OF GRAND ISLAND, NEBRASKA
RESOLUTION NO. 141
RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY
OF GRAND ISLAND, NEBRASKA, PROVIDING NOTICE OF INTENT TO ENTER INTO
A REDEVELOPMENT AFTER THE PASSAGE OF 30 DAYS AND OTHER MATTERS
WHEREAS, this Community Redevelopment Authority of the City of Grand
Island, Nebraska ("Authority"), has received an Application for Tax Increment
Financing under the Nebraska Community Development Law (the “Act”) on a
project within redevelopment area #9, from Gordman Grand Island, LLC, (The "Developer") for redevelopment of an area within the city limits of the City of Grand
Island as set forth in Exhibit 1 attached hereto area; and
WHEREAS, this Community Redevelopment Authority of the City of Grand
Island, Nebraska ("Authority"), is proposing to use Tax Increment Financing on a project within redevelopment area #9;
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
Section 1. In compliance with section 18-2114 of the Act, the Authority hereby
gives the governing body of the City notice that it intends to enter into the
Redevelopment Contract, attached as Exhibit 1, with such changes as are deemed
appropriate by the Authority, after approval of the redevelopment plan amendment
related to the redevelopment project described in the Redevelopment Contract, and
after the passage of 30 days from the date hereof.
Section 2. The Secretary of the Authority is directed to file a copy of this
resolution with the City Clerk of the City of Grand Island, forthwith.
Passed and approved this ___ day of __________, 2012.
COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF
GRAND ISLAND, NEBRASKA.
By ___________________________
Chairperson
ATTEST:
___________________
Secretary
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Exhibit 1
Attach a copy of the Redevelopment Contract
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Community Redevelopment
Authority (CRA)
Tuesday, July 31, 2012
Regular Meeting
Item K1
Budget Approval
Staff Contact: Chad Nabity
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July 23, 2012
From: Chad Nabity, AICP Director
To:CRA Board
Re: 2012-2013 Budget
Enclosed you will find a final draft of the 2012-2013 CRA Budget.
The 2012-2013 CRA Budget is presented with projected revenue from taxes of $640,000 the levy
from last year is being retained and includes about $442,000 for CRA purposes including grants,
façade improvements, committed projects and staffing as well as $205,000 for Lincoln Park Pool.
Based on our recent history the budget includes $120,000 for façade improvement. I am
suggesting only $20,000 for property acquisitions. The other projects line will drop from
$100,000 to $50,000 this year this money could be shifted to property purchase, grants or façade
improvements depending on the need. Budgeting money in other projects makes it possible for
the CRA to consider purchases like heating the sheep barn at Fonner Park or helping pay for the
demolition of the Aurora Coop buildings. This year will be a lean year with minimal grants or
CRA funded activities. We are projecting some increase revenues from non-property tax sources
including reimbursements for expenses for TIF contracts and money received on the bonds for the
Poplar Street Water Project.
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COMMUNITY REDEVELOPMENT AUTHORITY
FY 2012- 2013 BUDGET
2008 2009 2010 2011 2012 2012 2013
Actual Actual Actual Actual Budget Forecasted Budget
CONSOLIDATED
Beginning Cash 952,497 1,236,622 1,547,542 985,902 923,823 923,823 298,766
REVENUE:
Property Taxes-CRA 493,602 487,610 442,832 421,109 437,618 437,618 441,668
Property Taxes-Lincoln Pool - 201,787 201,787 205,574
Property Taxes-TIF's 257,198 267,523 205,341 312,136 318,406 365,795 438,016
Loan Proceeds - - - - - -
Interest Income-CRA 41,561 14,889 19,804 2,403 8,000 2,000 1,000
Interest Income - TIF's 407 741 334 217 - - -
Loan Income (Poplar Street Water Line) 1,800 5,000
Land Sales 15,152 47,335 - 30,000 70,000 - 100,000
Bond Proceeds - Lincoln Pool - - - - - - 1,725,000
Other Revenue & Motor Vehicle Tax - 24,473 24,516 12,372 10,000 12,000 22,000
Other Revenue - TIF's - - - 12,143 1,000 - -
TOTAL REVENUE 807,920 842,571 692,826 790,379 1,046,811 1,021,000 2,938,258
TOTAL RESOURCES 1,760,417 2,079,193 2,240,368 1,776,281 1,970,634 1,944,823 3,237,024
EXPENSES
Auditing & Accounting 5,000 7,601 5,392 4,998 5,000 4,000 5,000
Legal Services 2,143 4,829 3,060 2,389 10,000 3,000 3,000
Consulting Services - - - - 10,000 5,000 10,000
Contract Services 34,362 26,122 173,875 78,795 55,000 55,000 55,000
Printing & Binding 568 - - - 1,000 - 1,000
Other Professional Services 4,112 - - 6,393 5,000 - 5,000
General Liability Insurance - - - - 250 250 250
Postage 142 159 202 712 200 200 200
Legal Notices 828 750 613 881 800 1,500 2,500
Licenses & Fees - - - - - - -
Travel & Training - - - - 1,000 200 1,000
Other Expenditures - - - 94 500 - -
Office Supplies 105 38 328 746 500 300 300
Supplies - - - 300 - 300
Land 33,090 129 448,720 2,002 100,000 - 20,000
Façade Improvement-to be applied for 207,871 241,793 354,015 442,155 150,000 231,000 120,000
Lincoln Pool Bond Proceeds pay out - - - - - - 1,725,000
Other Projects - 2,858 - - 100,000 244,312 50,000
Property Taxes South Locust Project - 11,000 11,000 11,000
2nd Street BID - - - - -
Outstanding Façade Improvement Grants - 500,000 400,000 318,000
Railroad Horns - 240,000 144,500 -
Other Committed Projects - 97,500 60,000 134,000
Property Management - - - -
Bond Payment /Fees 120,787 - 205,574
Debt-Lincoln Pool 80,000 120,000 -
Bond Principal 142,543 161,927 199,617 255,618 267,659 314,934 396,334
Bond Interest 93,031 85,445 74,453 63,170 50,747 50,861 41,682
TOTAL EXPENSES 523,795 531,650 1,260,276 857,952 1,807,243 1,646,057 3,105,140
INCREASE(DECREASE) IN CASH 284,125 310,920 (567,451) (67,572) (760,432) (625,057) (166,882)
ENDING CASH 1,236,622 1,547,542 980,091 918,329 163,391 298,766 131,884
LESS COMMITMENTS - - - - -
AVAILABLE CASH 1,236,622 1,547,542 980,091 918,329 163,391 298,766 131,884
CRA CASH 1,144,841 1,449,401 938,028 870,571 115,633 169,221 2,339
LINCOLN POOL CASH - - - - - 81,787 81,787
TIF CASH 91,781 98,141 42,063 47,758 47,758 47,758 47,758
TOTAL CASH 1,236,622 1,547,542 980,091 918,329 163,391 298,766 131,884
Grand Island Regular Meeting - 7/31/2012 Page 42 / 48
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2012- 2013 BUDGET
2008 2009 2010 2011 2012 2012 2013
Actual Actual Actual Actual Budget Forecasted Budget
CRA REVENUES
GENERAL OPERATIONS: 01
Property Taxes 493,602 487,610 442,832 421,109 437,618 437,618 441,668
Property Taxes-Lincoln Pool Levy 201,787 201,787 205,574
Interest Income 41,561 14,889 19,804 2,403 8,000 2,000 1,000
Loan Income (Poplar Street Water Line) - 1,800 5,000
Land Sales - 47,335 - 30,000 70,000 - 100,000
Bond Proceeds Lincoln Pool 1,725,000
Other Revenue & Motor Vehicle Tax 1,300 8,959 12,156 12,372 10,000 12,000 22,000
TOTAL 536,463 558,792 474,791 465,884 727,405 655,205 2,500,242
GILI TRUST-07
Property Taxes 66,410 65,817 65,694 66,223 32,890 32,890
Interest Income - - 12 -
Other Revenue 1,108 277 8
TOTAL 67,518 66,094 65,702 66,235 32,890 32,890 -
CHERRY PARK LTD II-08
Property Taxes 62,743 91,836 32,832 63,374 59,180 59,180 59,180
Interest Income 251 497 301 186 - - -
Other Revenue - -
TOTAL 62,994 92,334 33,133 63,561 59,180 59,180 59,180
GENTLE DENTAL-09
Property Taxes 3,497 4,427 4,479 4,512 4,202 4,202 4,202
Interest Income 3 1 2 2 - - -
Other Revenue 947 2,610 - -
TOTAL 4,447 7,037 4,481 4,514 4,202 4,202 4,202
PROCON TIF-10
Property Taxes 18,138 17,925 17,972 18,163 19,162 19,162 19,162
Interest Income 53 36 5 4 - - -
Other Revenue 972 232 1,172 1,555 -
TOTAL 19,163 18,193 19,148 19,722 19,162 19,162 19,162
WALNUT HOUSING PROJECT-11
Property Taxes 93,632 62,942 33,089 63,871 74,472 74,472 74,472
Interest Income 100 207 26 13 - - -
Other Revenue 10,825 12,395 11,180 10,588 -
TOTAL 104,557 75,544 44,296 74,471 74,472 74,472 74,472
BRUNS PET GROOMING-12
Property Taxes 9,536 9,575 10,502 6,727 11,000 13,170 13,500
Interest Income -
TOTAL 9,536 9,575 10,502 6,727 11,000 13,170 13,500
Grand Island Regular Meeting - 7/31/2012 Page 43 / 48
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2012- 2013 BUDGET
2008 2009 2010 2011 2012 2012 2013
Actual Actual Actual Actual Budget Forecasted Budget
GIRAD VET CLINIC-13
Property Taxes 3,242 4,940 13,855 350 14,000 14,037 14,500
Interest Income - - - - - -
TOTAL 3,242 4,940 13,855 350 14,000 14,037 14,500
GEDDES ST APTS - PROCON-14
Property Taxes 1,195 14,809 29,185 30,000 28,591 30,000
Interest Income - - - - - -
TOTAL - 1,195 14,809 29,185 30,000 28,591 30,000
SOUTHEAST CROSSINGS-15
Property Taxes - 8,866 12,109 12,200 14,000 8,674 12,000
Interest Income - - - - - -
TOTAL - 8,866 12,109 12,200 14,000 8,674 12,000
POPLAR STREET WATER-16
Property Taxes - - - - 1,000 1,826 2,500
Interest Income - - - - - - -
Other Revenue 1,000
TOTAL - - - - 2,000 1,826 2,500
CASEY'S FIVE POINTS-17
Property Taxes - 4,429 15,000 8,670 10,000
Interest Income - - - -
TOTAL CASEY'S FIVE POINTS - - - 4,429 15,000 8,670 10,000
SOUTHPOINTE HOTEL-18
Property Taxes - - - 41,479 22,000 88,000 90,000
Interest Income - - - -
TOTAL SOUTHPOINTE HOTEL - - - 41,479 22,000 88,000 90,000
TODD ENCK-19
Property Taxes - - - 1,622 5,500 3,126 2,500
Interest Income - - - - -
TOTAL TC ENCK - - - 1,622 5,500 3,126 2,500
SKAGWAY - 20
Property Taxes - - - - - 55,000
Interest Income - - - - - -
TOTAL JOHN SCHULTE CONSTRUCTION - - - - - - 55,000
JOHN SCHULTE CONSTRUCTION-21
Property Taxes - - - - 3,000 4,448 6,000
Interest Income - - - - - -
TOTAL JOHN SCHULTE CONSTRUCTION - - - - 3,000 4,448 6,000
PHARMACY PROPERTIES INC-22
Property Taxes - - - - 8,000 5,347 11,000
Interest Income - - - - - -
TOTAL PHARMACY PROPERTIES INC - - - - 8,000 5,347 11,000
KEN-RAY LLC-23
Property Taxes - - - - 5,000 - 34,000
Interest Income - - - - - -
TOTAL KEN-RAY LLC - - - - 5,000 - 34,000
TOTAL REVENUE 807,920 842,571 692,826 790,379 1,046,811 1,021,000 2,883,258
Grand Island Regular Meeting - 7/31/2012 Page 44 / 48
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2012- 2013 BUDGET
2008 2009 2010 2011 2012 2012 2013
Actual Actual Actual Actual Budget Forecasted Budget
EXPENSES EXPENSES
CRA
GENERAL OPERATIONS: 01
Auditing & Accounting 5,000 7,601 4,392 3,998 5,000 4,000 5,000
Legal Services 2,143 4,829 3,060 2,389 10,000 3,000 3,000
Consulting Services - - - - 10,000 5,000 10,000
Contract Services 34,362 26,122 84,977 40,666 55,000 55,000 55,000
Printing & Binding 568 - - - 1,000 - 1,000
Other Professional Services 4,112 - - 6,393 5,000 - 5,000
General Liability Insurance - - - - 250 250 250
Postsge 142 159 202 712 200 200 200
Legal Notices 828 750 613 881 800 1,500 2,500
Licenses & Fees - - - - - -
Travel & Training - - - - 1,000 200 1,000
Other Expenditures - - - 94 500 - -
Office Supplies 105 38 328 746 500 300 300
Supplies - - - - 300 - 300
Land 33,090 129 448,720 2,002 100,000 - 20,000
- -
DEBT - -
Bond Payments/Fees 120,787 - 205,574
Payment to City-Lincoln Pool engineering fees 80,000 120,000 -
PROJECTS: 05 - -
Façade Improvement 207,871 241,793 354,015 442,155 150,000 231,000 120,000
Lincoln Pool Construction From Bond Proceeds - - - - 1,725,000
2nd Street BID - - - - -
Outstanding Façade Improvement Grants - - - 500,000 400,000 318,000
Railroad Horns - - - 240,000 144,500 -
Other Committed Projects - - - 97,500 60,000 134,000
Other Projects - 2,858 - - 100,000 244,312 50,000
Property Taxes BID Fees - - - - 11,000 11,000 11,000
Property Management - - - - - - -
TOTAL CRA OPERATING EXPENSES 288,221 284,279 896,308 500,035 1,488,837 1,280,262 2,667,124
GILI TRUST-07
Bond Principal 47,158 51,009 55,158 59,654 31,627 31,627 -
Bond Interest 18,622 14,779 10,622 6,126 1,263 1,263 -
Other Expenditures - - -
TOTAL GILI EXPENSES 65,780 65,788 65,780 65,780 32,890 32,890 -
CHERRY PARK LTD II-08
Bond Principal 36,824 39,729 42,864 46,245 49,894 49,894 53,831
Bond Interest 22,356 19,451 16,316 12,935 9,286 9,286 5,349
TOTAL CHERRY PARK EXPENSES 59,180 59,180 59,180 59,180 59,180 59,180 59,180
GENTLE DENTAL-09
Bond Principal 2,127 2,236 2,395 2,566 2,760 2,790 2,986
Bond Interest 2,075 1,966 1,807 1,636 1,442 1,412 1,216
TOTAL GENTLE DENTAL 4,202 4,202 4,202 4,202 4,202 4,202 4,202
PROCON TIF-10
Bond Principal 10,601 9,064 10,183 10,829 11,782 11,638 12,467
Bond Interest 8,561 10,098 8,979 8,333 7,380 7,524 6,695
TOTAL PROCON TIF 19,162 19,162 19,162 19,162 19,162 19,162 19,162
WALNUT HOUSING PROJECT-11
Bond Principal 33,055 35,321 37,743 40,331 43,096 43,096 46,051
Bond Interest 41,417 39,151 36,729 34,141 31,376 31,376 28,421
TOTAL WALNUT HOUSING PROJECT 74,472 74,472 74,472 74,472 74,472 74,472 74,472
Grand Island Regular Meeting - 7/31/2012 Page 45 / 48
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2012- 2013 BUDGET
2008 2009 2010 2011 2012 2012 2013
Actual Actual Actual Actual Budget Forecasted Budget
BRUNS PET GROOMING-12
Bond Principal 9,536 9,575 10,502 6,727 11,000 13,170 13,500
Bond Interest - - - - -
TOTAL BRUNS PET GROOMING 9,536 9,575 10,502 6,727 11,000 13,170 13,500
GIRARD VET CLINIC-13
Bond Principal 6,242 4,940 13,855 350 14,000 14,037 14,500
Bond Interest - - - - -
TOTAL GIRARD VET CLINIC 6,242 4,940 13,855 350 14,000 14,037 14,500
GEDDES ST APTS - PROCON-14
Bond Principal - 1,195 14,809 29,185 30,000 28,591 30,000
Bond Interest - - - - -
TOTAL GEDDES ST APTS - PROCON - 1,195 14,809 29,185 30,000 28,591 30,000
SOUTHEAST CROSSINGS-15
Bond Principal - 8,866 12,109 12,200 14,000 8,674 12,000
Bond Interest - - - - -
TOTAL SOUTHEAST CROSSINGS - 8,866 12,109 12,200 14,000 8,674 12,000
POPLAR STREET WATER-16
Auditing & Accounting - - 1,000 -
Contract Services - - 89,899 38,129
Bond Principal - - - - 1,000 1,826 2,500
Bond Interest - - - - -
TOTAL POPLAR STREET WATER - - 90,899 38,129 1,000 1,826 2,500
CASEY'S FIVE POINTS-17
Bond Principal - 4,429 15,000 8,670 10,000
Bond Interest - - - - -
TOTAL CASEY'S FIVE POINTS - - - 4,429 15,000 8,670 10,000
SOUTHPOINTE HOTEL-18
Bond Principal - 41,479 22,000 88,000 90,000
Bond Interest - - - - -
TOTAL SOUTHPOINTE HOTEL - - - 41,479 22,000 88,000 90,000
TODD ENCK PROJECT - 19
Bond Principal - 1,622 5,500 3,126 2,500
Bond Interest - - - - -
TOTAL TODD ENCK PROJECT - - - 1,622 5,500 3,126 2,500
SKAGWAY - 20
Auditing & Accounting - - - 1,000
Bond Principal - - - 55,000
Bond Interest - - - - -
TOTAL SKAGWAY - - - 1,000 - - 55,000
JOHN SCHULTE CONSTRUCTION-21
Bond Principal - - - - 3,000 4,448 6,000
Bond Interest - - - - -
TOTAL JOHN SCHULTE CONSTRUCTION - - - - 3,000 4,448 6,000
PHARMACY PROPERTIES INC-22
Bond Principal - - - - 8,000 5,347 11,000
Bond Interest - - - -
TOTAL PHARMACY PROPERTIES INC - - - - 8,000 5,347 11,000
KEN-RAY LLC-23
Bond Principal - - - - 5,000 - 34,000
Bond Interest - - - - -
TOTAL KEN-RAY LLC - - - - 5,000 - 34,000
TOTAL EXPENSES 526,795 531,658 1,261,276 857,952 1,807,243 1,646,057 3,105,140
Grand Island Regular Meeting - 7/31/2012 Page 46 / 48
Paid this fiscal
Jerke Façade 59400
Downtown BID 60000
Primitive Touch 70443
Skagway 200000
Wayside Horns 144500
Total 534343
To Be Paid this fiscal
Chief 100000
Denny's 100000
Fonner Park 96312
YMCA 48000
Grand 200000
Lincoln Pool 80000
Total 624312
Total 1158655
Outstanding Projects due in 2013
Façade
Skagway 100000
Grand 100000
Chocolate Bar 118000
318000
Other
Downtown 37500
Fonner 96500
134000
Total 452000
TIF Projects to Add
Skagway
Arnold Wenn
Token Properties LLC (Ruby)
Stratford Plaza LLC
EIG Grand Island LLC
Grand Island Regular Meeting - 7/31/2012 Page 47 / 48
COMMUNITY REDEVELOPMENT AUTHORITY
GRAND ISLAND, NEBRASKA
RESOLUTION #143
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY
OF GRAND ISLAND, NEBRASKA (the “Authority”) RECOMMENDING A LEVY ALLOCATION
BY THE CITY OF GRAND ISLAND TO THE AUTHORITY FOR ITS BUDGETARY PURPOSES
IN FISCAL YEAR 2012-2013 AS AUTHORIZED BY NE. REV. STATUTES 77-3443, AS
AMENDED.
WHEREAS, the Mayor and City Council of the City of Grand Island, Nebraska (the “City”), by
its Ordinance passed and adopted June 27, 1994, created the Community Redevelopment Authority of
the City of Grand Island, Nebraska, pursuant to Sections 18-2101 through 18-2153 of the Nebraska
Community Development Law; Reissue Revised Statutes of Nebraska, as amended (the “Act”);
WHEREAS, on July 31, 2012, the members of the Community Redevelopment Authority of the
City of Grand Island considered its budget for fiscal year 2012-2013 and determined that a request for
personal and real property tax in the amount of $647,242 is necessary to accomplish the statutory
purposes of the Authority in the upcoming fiscal year and that the accomplishment of these purposes is
in the best interests of the City of Grand Island.
NOW, THEREFORE BE IT RESOLVED THAT, by copy of this Resolution delivered to the
City of Grand Island on this date, the Authority hereby requests and recommends that the City of Grand
Island, Nebraska, as a part of the City maximum levy of $.45 per $100 of taxable valuation of property,
as authorized by the Revised Statutes of Nebraska, Section 77-3442, authorize a 2012-2013 levy
allocation which will provide $647,242 in personal and real property tax funds to the Community
Redevelopment Authority of the City of Grand Island for the accomplishment of the purposes for which
it was created.
Passed and approved by the Authority this 31th day of July, 2012.
COMMUNITY REDEVELOPMENT AUTHORITY OF
THE CITY OF GRAND ISLAND, NEBRASKA
By:_________________________________
Chair
ATTEST:
_____________________________
Director
Grand Island Regular Meeting - 7/31/2012 Page 48 / 48