03-13-2013 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, March 13, 2013
Regular Meeting Packet
Board Members:
Michelle Fitzke
Tom Gdowski
Barry Sandstrom
Sue Pirnie
Glen Murray
4:00 PM
City Hall
100 E First St
Grand Island Regular Meeting - 3/13/2013 Page 1 / 48
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)
Wednesday, March 13, 2013
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
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AGENDA
Wednesday, March 13, 2013
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 February 19, 2013 Meeting.
3.Approval of Financial Reports.
4.Approval of Bills.
5.Review of Committed Projects and CRA Properties.
6.Consideration of a Resolution to forward a Redevelopment Plan Amendment
to the Hall County Regional Planning Commission for 1119 S Adams, Grand
Island, Chief Industries, Inc. Resolution No. 156.
7.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 1119 S Adams, Chief Industries, Inc., Resolution No. 157.
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 April 10, 2013
The CRA may go into closed session for any agenda item as allowed by state law.
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Community Redevelopment
Authority (CRA)
Wednesday, March 13, 2013
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 3/13/2013 Page 5 / 48
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
February 19, 2013
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 February 19, 2013 at City Hall 100 E First Street. Notice of the meeting was
given in the February 12, 2013 Grand Island Independent.
1.CALL TO ORDER. Chairman Barry Sandstrom called the meeting to order
at 8:02 a.m. The following members were present: Sue Pirnie, Tom
Gdowski, Michelle Fitzke and Glen Murray. Also present were; Director,
Chad Nabity; Secretary, Rose Rhoads; Finance Director, Jaye Monter,
Senior Account, Mike Kezeor.
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 Minutes for the
January 9, 2013 meeting was made by Gdowski 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 January 1, 2013 through January 31, 2013. Motion
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 Murray and seconded by Pirnie to approve the bills in the
amount of $182,715.97. Upon roll call vote all present voted aye. Motion
carried unanimously to approve the payment of bills totaling $182,715.97.
5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY.
Nabity reviewed the Committed Projects. Nitzel Façade will be paid next
month as a final bill was just submitted.
6. ADJOURN TO EXECUTICE SESSION TO DISCUSS NEGOTIATIONS.
7. APPROVE RESOLUTION OR RESOLUTIONS TO PURCHASE/SELL
PROPERTY.
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8.DIRECTORS REPORT.
Nabity stated a TIF application had been received from Chief for the
project on Adams.
9. ADJOURNMENT.
Sandstrom adjourned the meeting at 8:45 a.m.
The next meeting is scheduled for March 13, 2013 at 4:00 p.m.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 3/13/2013 Page 7 / 48
Community Redevelopment
Authority (CRA)
Wednesday, March 13, 2013
Regular Meeting
Item C1
Financial Reports
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, March 13, 2013
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 3/13/2013 Page 15 / 48
13-Mar-13
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 snow removal
Ron Nitzel
Grand Island Independent monthly notices
JEO Consulting Lincoln Pool
Hausmann Construction, INC Lincoln Pool
Mayer, Burns, Koenig & Janulewicz Legal Services
Total:
Grand Island Regular Meeting - 3/13/2013 Page 16 / 48
$ 34.29
$ 50.00
$ 31,948.00
$ 16.01
$ 2,032.50
$ 328,888.00
$ 362,968.80
TO: Community Redevelopment Authority Board Members
RE: Bills Submitted for Payment
Redevelopment Authority Treasurer for preparation of payment.
Grand Island Regular Meeting - 3/13/2013 Page 17 / 48
Community Redevelopment
Authority (CRA)
Wednesday, March 13, 2013
Regular Meeting
Item E1
Committed Projects
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 3/13/2013 Page 18 / 48
COMMITTED PROJECTS TOTAL AMOUNT 2013 FISCAL
YR
2014 FISCAL YR 2015 FISCAL
YR
ESTIMATED
COMP
Downtown BID
Historic Lighting Projects $ 30,000.00 $ 30,000.00 $ -
Ron Nitzel $ 31,948.00 $ 31,948.00 Fall 2013
Fonner Park **$ 96,311.50 $ 96,311.50 Complete Final
payment Spring
2013
2014 Wayside Horns (Custer/
Blaine)
$ 100,000.00 $ 100,000.00 $ -Winter 2014
The Grand Façade $300,000
($100 over 3 fiscal yrs)
$ 100,000.00 $ 100,000.00 $ -Complete Final
Payment Spring
2013$ -
Total Committed $ 358,259.50 $ 258,259.50 $ 100,000.00 $ -
Façade Budget $ Remaining $ 332,899.00
Other Projects $ 50,000.00
Land $ 20,000.00
subtotal $ 402,899.00
Less committed $ (258,259.50)
Balance remaining $ 144,639.50
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
February 28, 2013
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Community Redevelopment
Authority (CRA)
Wednesday, March 13, 2013
Regular Meeting
Item H1
TIF Application
Staff Contact: Chad Nabity
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Site Specific Redevelopment Plan
Grand Island CRA Area #8
March 2013
The Community Redevelopment Authority (CRA) of the City of Grand Island
intends to amend the Redevelopment Plan for Area #8 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 #8.
Executive Summary:
Project Description
THE CONSTRUCTION OF A NEW 33,456 SQUARE FOOT STRUCTURE AS PART
OF THE CHIEF FABRICATION PLANT ALONG WITH THE INSTALLATION OF
NEEDED UTILITIES, DEMOLITION OF STRUCTURES, PAVING AND OTHER
SITE IMPROMENTS AS NECESSARY TO SUPPORT THIS REDEVELOPMENT ON
THE NORTH SIDE OF FONNER PARK ROAD BETWEEN ADAMS STREET AND
LINCOLN AVENUE ON LOT 1 OF CHIEF FAB SECOND SUBDIVISION 1119 S
ADAMS STREET. DEMOLITION AND UTILITY EXTESION EXPENSES WERE
PREVIOUSLY DECLARED ELIGIBLE FOR TIF BY THE A MEMORANDUM OF
UNDERSTANDING APPROVED BY CHIEF INDUSTRIES, THE CITY OF GRAND
ISLAN AND THE GRAND ISLAND COMMUNITY REDEELOPMENT
AUTHORITY IN JULY OF 2012
The developer intends to use Tax Increment Financing to defray the costs of land
acquisition, demolition costs related to clearing the property and preparing it for
redevelopment and the installation of utilities necessary to redevelop this property. 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 have been paid
for by the developer in accordance with the memorandum of understanding between the
developer, the City and the CRA. The developer is responsible for and has provided
evidence that they can secure adequate debt financing to cover the costs associated with
the acquisition, demolition and utilities work. The Grand Island Community
Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over
the 15 year period beginning January 1, 2014 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”)
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This property is located north of Fonner Park Road between Lincoln Avenue and Adams
Street at 1119 S Adams in southeast Grand Island. The attached map identifies the
subject property and the surrounding land uses:
Legal Descriptions Lot 1 of Chief Fab Second Subdivision in the City of
Grand Island, Hall County, Nebraska.
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Adams St SSylvan StLin
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A
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SHope StFonner Park Rd W
Phoeni
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A
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W
Hedde St WGreenw
ich
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South
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W
O Neill Cir
Grand Island Regular Meeting - 3/13/2013 Page 37 / 48
The tax increment will be captured for the tax years the payments for which become
delinquent in years 2015 through 2029 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 construction of a 33,456
foot addition to the manufacturing facility.
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, 2014.
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 #8 provides for real property acquisition
and this plan amendment does not prohibit such acquisition. There is no proposed
acquisition by the authority. The developer has already acquired the property as
acknowledge by the July 2012 MOU.
b. Demolition and Removal of Structures:
The July 2012 MOU authorized expenses related to demolition as eligible for Tax
Increment Financing. The Aurora Coop structures were demolished and all of the
expenses were paid prior to the end of September 2012. Copies of those expenses are
recorded with the CRA grant for this project.
c. Future Land Use Plan
See the attached map from the 2004 Grand Island Comprehensive Plan. The site is
planned for industrial 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 - 3/13/2013 Page 40 / 48
d. Changes to zoning, street layouts and grades or building codes or ordinances or
other Planning changes.
The area is zoned M2 Heavy Manufacturing 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 manufacturing and is permitted in the
M2 zoning district. [§18-2103(b) and §18-2111]
e. Site Coverage and Intensity of Use
The developer is proposing an addition to the existing manufacturing use consistent with
the M2 zoning district. [§18-2103(b) and §18-2111]
f. Additional Public Facilities or Utilities
This site has full service to municipal utilities. A new water main has been constructed to
serve the property and provide necessary fire protection to the site. The developer is
responsible for installing the water line to City standards and specifications.
The developer will be responsible for replacing any sidewalks damaged during
construction of the project.
The Grand Island Utilities Department has sufficient capacity to serve the electrical needs
of the proposed addition.
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 a manufacturing facility. The
proposed use of this property would continue as a manufacturing facility. 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.
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The developer has owned the property for since 2011. The cost of property acquisition is
included as a TIF eligible expense. Costs for the land, demolition of the Aurora Coop
buildings, site preparation, utilities extension and construction of the addition to the
existing facility are estimated at $3,859,145 including all fees. The direct cost for
purchase of the property, demolition, site preparation and utilities extensions are
estimated at $859,500. Fees and reimbursement to the City and the CRA of $6,500 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 $679,870 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, 2029.
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 manufacturing property.
This will not significantly impact traffic on at the intersection along Fonner Park Road.
New investment in this manufacturing area will raise property values and provide a
Grand Island Regular Meeting - 3/13/2013 Page 42 / 48
stimulus to keep surrounding properties properly maintained. This will have the intended
result of preventing recurring elements of unsafe buildings and blighting conditions.
8. Time Frame for Development
Development of this project (including demolition, site preparation and new construction)
is anticipated to be completed between August 2013 and July of 2014. Excess valuation
should be available for this project for 15 years beginning with the 2014 tax year.
9. Justification of Project
The Aurora Coop site was no longer in daily use and because of its proximity to
residential properties and the Barr Middle School it presented a dangerous and attractive
nuisance in the neighborhood. The CRA and City Council agreed that it was in the best
interest of the community to remove those structures as soon as possible and approved a
memorandum of understanding (MOU) to allow Chief Industries to demolish those
buildings and begin utility installation prior to the approval of a final redevelopment plan
for the area. This final redevelopment plan provides for additional new manufacturing
development in an area of the community that is and will continue to be manufacturing in
nature. This new development will provide additional skilled full time jobs in the
community and allow an existing Grand Island company to expand their operations
within the community.
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 $2,123,068.
The proposed renovation of this facility will result in an estimated additional $1,746,077
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;
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The proposed facility will provide jobs for persons employed by the contractors that
will be involved with the project. Chief is also proposing to create 43 new full time
positions in Grand Island at their fabrication facility.
(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
The additional jobs may be filled by people in other positions around Grand Island or
in jobs where they are underemployed. These new jobs will create a more competitive
market for the skilled workers involved in fabrication activities.
(e) Any other impacts determined by the authority to be relevant to the
consideration of costs and benefits arising from the redevelopment project.
This project will provide additional base employment within Grand Island. The
project has already resulted in the demolition of unused buildings that could have created
a nuisance and safety issue within the neighborhood. The use of tax increment financing
was anticipated by the developer and approved by the CRA and City Council with a
memorandum of understanding prior to the demolition of structures on this property and
installation of utilities. The reinvestment in this neighborhood should lead to stabilized
property values and further investment in the area.
Time Frame for Development
Development of this project is anticipated to be completed during between August 2013
and July of 2014. The base tax year should be calculated on the value of the property as
of January 1, 2011. 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 $702,640 the projected
amount of increment based upon the anticipated value of the project and current tax rate.
Based on the estimates and actual costs of the expenses for the cost of acquisition,
demolition, site preparation, engineering, legal fees and fees reimbursed to the City and
CRA, and financing fees the developer will spend over $859,500 on TIF eligible
activities.
See Attached Building Plans
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COMMUNITY REDEVELOPMENT AUTHORITY
OF THE CITY OF GRAND ISLAND, NEBRASKA
RESOLUTION NO. 156
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 ___________, 2013.
COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF
GRAND ISLAND, NEBRASKA.
By___________________________
Chairperson
ATTEST:
__________________________
Secretary
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EXHIBIT 1
REDEVELOPMENT PLAN AMENDMENT
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COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY
OF GRAND ISLAND, NEBRASKA
RESOLUTION NO. 157
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 #8, from Chief Industries, Inc., (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 #8;
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 __________, 2013.
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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