08-14-2013 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, August 14, 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 - 8/14/2013 Page 1 / 21
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 - 8/14/2013 Page 2 / 21
Community Redevelopment
Authority (CRA)
Wednesday, August 14, 2013
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/14/2013 Page 3 / 21
AGENDA
Wednesday, August 14, 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 July 26, 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 approve the Budget for 2013-2014.
Resolution No. 166.
7.Discussion concerning Purchase/Sale of Real Estate of property.
8.Approve Resolution or Resolutions to Purchase/Sell Real Estate.
9.Directors Report
10.Adjournment
Next Meeting September 11, 2013
The CRA may go into closed session for any agenda item as allowed by state law.
Grand Island Regular Meeting - 8/14/2013 Page 4 / 21
Community Redevelopment
Authority (CRA)
Wednesday, August 14, 2013
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/14/2013 Page 5 / 21
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
July 22, 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 July 22, 2013 at City Hall 100 E First Street. Notice of the meeting was given
in the July 16, 2013 Grand Island Independent.
1.CALL TO ORDER. Vice Chairman Glen Murray called the meeting to order
at 12:19 p.m. The following members were present: Sue Pirnie and
Michelle Fitzke. Also present were; Director, Chad Nabity; Secretary, Rose
Rhoads; Legal Counsel Duane Burns and Ken Gnandt.
Murray 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 July 17, 2013 meeting was made by Fitzke and
seconded by Pirnie. Upon roll call vote all present voted aye.
Motion carried unanimously.
3.CONTRACT REVIEW. A recommendation to lay over the consideration of
Resolution 165 and TIF contract for Copper Creek Estates until Friday, July
26, 2013 at 12:00 p.m. A motion was made by Pirnie to continue the
meeting on Friday and seconded by Fitzke. Upon roll call vote all present
voted aye. Motion carried unanimously. (No action was taken on this
item.)
4.DIRECTORS REPORT.
5.LAY OVER.
Murray continued the meeting until Friday, July 26, 2013 at 12:00 p.m.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 8/14/2013 Page 6 / 21
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
July 26, 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 July 26, 2013 at City Hall 100 E First Street. Notice of the meeting was given
in the July 24, 2013 Grand Island Independent.
1. CALL TO ORDER. Vice Chairman Glen Murray called the meeting to order
at 12:05 p.m. The following members were present: Sue Pirnie and
Michelle Fitzke. Also present were; Director, Chad Nabity; Secretary, Rose
Rhoads; Legal Counsel Duane Burns.
Murray 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. CONTRACT REVIEW. A recommendation to approve Resolution 165 and
TIF contract for Copper Creek Estates. A motion was made by Fitzke to
approve Resolution 165 and approve the TIF contract, was seconded by
Pirnie. Upon roll call vote all present voted aye. Motion carried
unanimously.
3. ADJOURN. Murray adjourned the meeting at 12:16 p.m.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 8/14/2013 Page 7 / 21
Community Redevelopment
Authority (CRA)
Wednesday, August 14, 2013
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/14/2013 Page 8 / 21
14-Aug-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 $ 2,970.54
Accounting
Officenet Inc.
Postage $ 31.32
Lawnscape $ 96.00
Grand Island Independent monthly notices $ 47.29
Accounting TIF fee The Guarantee Group LLC $ 1,000.00
JEO Consulting Lincoln Pool $ 405.00
Hausmann Construction, INC Lincoln Pool $ 10,000.00
TIF Pass Through
Mayer, Burns, Koenig & Janulewicz Legal Services $ 120.00
Total:
$ 14,670.15
Grand Island Regular Meeting - 8/14/2013 Page 9 / 21
Community Redevelopment
Authority (CRA)
Wednesday, August 14, 2013
Regular Meeting
Item E1
Committed Projects
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/14/2013 Page 10 / 21
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 $ -2014
KERJAC (Jayne Cole)$15,000.00 $ 15,000.00 Summer 2013
Housing Study (EDC)$10,000 $10,000
Fall 2013
2014 Wayside Horns (Custer/
Blaine)
$ 100,000.00 $ 100,000.00 $ -Winter 2016
The Grand Façade $300,000
($100 over 3 fiscal yrs)
$ 100,000.00 $ 100,000.00 $ -Final Payment 9/
2013
$ -
Total Committed $ 255,000.00 $ 155,000.00 $ 100,000.00 $ -
Façade Budget $ Remaining $ 204,639.50
Other Projects $ 50,000.00
Land - Budget $ Remaining $ 20,000.00
Land Sales ($100,000.00)
subtotal $ 174,639.50
Less committed ($155,000.00)
Balance remaining $ 19,639.50
CRA PROPERTIES Demo Cost Status
Address Purchase Price Purchase Date $7,500 Surplus
408 E 2 nd St $4,869 11/11/2005 $39,764 Surplus
3235 S Locust $450,000 4/2/2010
July 31, 2013
Grand Island Regular Meeting - 8/14/2013 Page 11 / 21
Community Redevelopment
Authority (CRA)
Wednesday, August 14, 2013
Regular Meeting
Item K1
Budget 2013-2014
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/14/2013 Page 12 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
CONSOLIDATED
Beginning Cash 952,497 1,236,622 1,547,542 985,902 923,823 298,766 186,509 197,191
REVENUE:
Property Taxes-CRA 491,044 487,610 442,832 421,109 464,412 446,578 437,618 472,500
Property Taxes-Lincoln Pool - - - - 154,234 207,859 201,787 195,000
Property Taxes-TIF's 257,199 267,523 205,341 312,136 404,016 438,016 332,998 575,124
Loan Proceeds - - - -
Motor Vehicle Tax 2,557 2,434 2,156 1,872 2,658
Interest Income-CRA 41,561 14,889 19,804 2,403 4,667 1,000 2,000 1,000
Interest Income - TIF's 954 741 334 217 165 - - -
Loan Income (Poplar Street Water Line) 5,000 1,800 5,000
Land Sales - 47,335 - 30,000 - 100,000 - 100,000
Bond Proceeds - Lincoln Pool - - - - - 1,800,000 1,800,000 -
Other Revenue 1,300 6,525 10,000 10,500 12,552 22,000 12,000 22,000
Other Revenue - TIF's 13,304 15,514 12,361 12,143 10,064 - - -
TOTAL REVENUE 807,920 842,571 692,826 790,379 1,052,768 3,020,453 2,788,203 1,370,624
***MAKE SURE THESE TOTALS MATCH THE TOTAL EXPENSES IN THE BOTTOM BELOW!
TOTAL RESOURCES 1,760,417 2,079,193 2,240,368 1,776,281 1,976,591 3,319,219 2,974,713 1,567,815
EXPENSES
Auditing & Accounting 5,000 7,601 5,392 4,998 4,025 5,000 4,000 5,000
Legal Services 2,143 4,829 3,060 2,389 2,187 3,000 3,000 3,000
Consulting Services - - - - - 10,000 5,000 10,000
Contract Services 34,362 26,122 174,875 78,795 44,428 55,000 55,000 65,000
Printing & Binding 568 - - - - 1,000 - 1,000
Other Professional Services 4,113 - - 6,393 7,599 5,000 - 5,000
General Liability Insurance - - - - - 250 250 250
Postage 142 159 202 712 328 200 200 200
Legal Notices 828 750 613 881 1,979 2,500 1,500 2,500
Licenses & Fees - - - - - - - -
Travel & Training - - - - 161 1,000 200 1,000
Other Expenditures - - - 94 796 - - -
Office Supplies 106 38 328 746 - 300 300 300
Supplies - - - - - 300 - 300
Land 33,090 129 448,720 2,002 - 20,000 - 50,000
Façade Improvement-to be applied for 207,871 241,793 354,015 442,155 1,146,639 120,000 117,000 150,000
Lincoln Pool Bond Proceeds pay out - - - - 180,658 1,800,000 1,880,062 -
Other Projects - 2,858 - - - 50,000 - 100,000
Property Taxes South Locust Project - 11,000 11,000 11,000
2nd Street BID - - - - - -
Outstanding Façade Improvement Grants - 318,000 200,000 -
Railroad Horns - - - -
Other Committed Projects - 134,000 152,000 40,000
Property Management - - - -
Bond Payment /Fees 207,859 - 207,859
Debt-Lincoln Pool - - -
Lincoln Pool Principal Bond Payment - 170,000
Lincoln Pool Interest Bond Payment 15,105 23,828
Bond Principal-TIF's 145,498 161,935 199,617 255,618 350,317 396,334 291,223 541,944
Bond Interest-TIF's 93,076 85,445 74,453 63,170 50,965 41,682 41,682 33,180
TOTAL EXPENSES 526,796 531,658 1,261,276 857,952 1,790,082 3,182,425 2,777,522 1,421,360
***MAKE SURE THESE TOTALS MATCH THE TOTAL EXPENSES IN THE BOTTOM SECTION!
INCREASE(DECREASE) IN CASH 281,124 310,912 (568,451) (67,572) (737,314) (161,972) 10,681 (50,736)
ENDING CASH 1,233,621 1,547,534 979,091 918,329 186,509 136,794 197,191 146,455
LESS COMMITMENTS - - - - -
AVAILABLE CASH 1,233,621 1,547,534 979,091 918,329 186,509 136,794 197,191 146,455
CRA CASH 1,141,841 1,449,393 937,028 870,571 152,203 7,249 69,143 17,234
LINCOLN POOL CASH - - - - (26,424) 81,787 80,196 81,368
TIF CASH 91,781 98,141 42,063 47,758 60,730 47,758 47,851 47,852
TOTAL CASH 1,233,621 1,547,534 979,091 918,329 186,509 136,794 197,191 146,455
Grand Island Regular Meeting - 8/14/2013 Page 13 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
CRA REVENUES
GENERAL OPERATIONS: 01
Property Taxes 491,044 487,610 442,832 421,109 464,412 446,578 437,618 472,500
Property Taxes-Lincoln Pool Levy 154,234 207,859 201,787 195,000
Motor Vehicle Tax 2,557 2,434 2,156 1,872 2,658
Interest Income 41,561 14,889 19,804 2,403 4,667 1,000 2,000 1,000
Loan Income (Poplar Street Water Line) 5,000 1,800 5,000
Land Sales - 47,335 - 30,000 100,000 - 100,000
Bond Proceeds Lincoln Pool 1,800,000 1,800,000
Other Revenue & Motor Vehicle Tax 1,300 6,525 10,000 10,500 12,552 22,000 12,000 22,000
TOTAL 536,463 558,792 474,791 465,884 638,523 2,582,437 2,455,205 795,500
GILI TRUST-07
Property Taxes 66,410 65,817 65,694 66,223 32,019
Interest Income 548 - 12 - -
Other Revenue 560 277 8 511
TOTAL 67,518 66,094 65,702 66,235 32,530 - - -
CHERRY PARK LTD II-08
Property Taxes 62,743 91,836 32,832 63,374 64,641 59,180 59,180 29,588
Interest Income 251 497 301 186 157 - - -
Other Revenue - -
TOTAL 62,994 92,334 33,133 63,561 64,797 59,180 59,180 29,588
GENTLE DENTAL-09
Property Taxes 3,497 4,427 4,479 4,512 4,659 4,202 4,202 4,202
Interest Income 3 1 2 2 1 - - -
Other Revenue 947 2,610 - - -
TOTAL 4,447 7,037 4,481 4,514 4,660 4,202 4,202 4,202
PROCON TIF-10
Property Taxes 18,138 17,925 17,972 18,163 27,675 19,162 19,162 19,162
Interest Income 53 36 5 4 2 - - -
Other Revenue 972 232 1,172 1,555 233
TOTAL 19,163 18,193 19,148 19,722 27,910 19,162 19,162 19,162
WALNUT HOUSING PROJECT-11
Property Taxes 93,632 62,942 33,089 63,871 65,147 74,472 74,472 74,472
Interest Income 100 207 26 13 6 - - -
Other Revenue 10,825 12,395 11,180 10,588 9,320
TOTAL 104,557 75,544 44,296 74,471 74,473 74,472 74,472 74,472
BRUNS PET GROOMING-12
Property Taxes 9,536 9,575 10,502 6,727 19,667 13,500 12,755 13,500
Interest Income - -
TOTAL 9,536 9,575 10,502 6,727 19,667 13,500 12,755 13,500
Grand Island Regular Meeting - 8/14/2013 Page 14 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
GIRAD VET CLINIC-13
Property Taxes 3,242 4,940 13,855 350 18,736 14,500 14,037 14,500
Interest Income - - - - - - -
TOTAL 3,242 4,940 13,855 350 18,736 14,500 14,037 14,500
GEDDES ST APTS - PROCON-14
Property Taxes 1,195 14,809 29,185 41,923 30,000 29,099 30,000
Interest Income - - - - - - -
TOTAL - 1,195 14,809 29,185 41,923 30,000 29,099 30,000
SOUTHEAST CROSSINGS-15
Property Taxes - 8,866 12,109 12,200 12,616 12,000 8,674 12,000
Interest Income - - - - - - -
TOTAL - 8,866 12,109 12,200 12,616 12,000 8,674 12,000
POPLAR STREET WATER-16
Property Taxes - - - - 2,052 2,500 1,826 2,500
Interest Income - - - - - - - -
Other Revenue -
TOTAL - - - - 2,052 2,500 1,826 2,500
CASEY'S FIVE POINTS-17
Property Taxes - 4,429 8,670 10,000 8,670 10,000
Interest Income - - - - -
TOTAL CASEY'S FIVE POINTS - - - 4,429 8,670 10,000 8,670 10,000
SOUTHPOINTE HOTEL-18
Property Taxes - - - 41,479 85,341 90,000 88,000 90,000
Interest Income - - - -
TOTAL SOUTHPOINTE HOTEL - - - 41,479 85,341 90,000 88,000 90,000
TODD ENCK-19
Property Taxes - - - 1,622 6,059 2,500 3,126 3,200
Interest Income - - - - -
TOTAL TC ENCK - - - 1,622 6,059 2,500 3,126 3,200
SKAGWAY - 20
Property Taxes - - - - - 55,000 - 55,000
Interest Income - - - - - -
TOTAL SKAGWAY - 20 - - - - - 55,000 - 55,000
JOHN SCHULTE CONSTRUCTION-21
Property Taxes - - - - 4,449 6,000 4,448 6,000
Interest Income - - - - - -
TOTAL JOHN SCHULTE CONSTRUCTION - - - - 4,449 6,000 4,448 6,000
PHARMACY PROPERTIES INC-22
Property Taxes - - - - 10,363 11,000 5,347 11,000
Interest Income - - - - - -
TOTAL PHARMACY PROPERTIES INC - - - - 10,363 11,000 5,347 11,000
KEN-RAY LLC-23
Property Taxes - - - - - 34,000 - 34,000
Interest Income - - - - - -
TOTAL KEN-RAY LLC - - - - - 34,000 - 34,000
COUNTY FUND #8598
Property Taxes - - - - - - - -
Interest Income - - - - - -
TOTAL COUNTY FUND #8598 - - - - - - - -
ARNOLD WENN-Duplex 13th & Huston-NEW 2013-2014
Property Taxes - - - - - - - 3,000
Interest Income - - - - - -
TOTAL ARNOLD WENN - - - - - - - 3,000
TOKEN PROPERTIES LLC -Duplex N Ruby-NEW 2013-2014
Property Taxes - - - - - - - 3,000
Interest Income - - - - - -
Grand Island Regular Meeting - 8/14/2013 Page 15 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
TOTAL TOKEN PROPERTIES LLC - - - - - - - 3,000
STRATFORD PLAZA-HOWARD JOHNSON-NEW 2013-2014
Property Taxes - - - - - - - 15,000
Interest Income - - - - - -
TOTAL STRATFORD PLAZA - - - - - - - 15,000
EIG GRAND ISLAND LLC-STATE STREET-NEW 2013-2014
Property Taxes - - - - - - - 40,000
Interest Income - - - - - -
TOTAL EIG GRAND ISLAND LLC - - - - - - - 40,000
BAKER DEVELOPMENT -NEW 2013-2014
Property Taxes - - - - - - - 3,000
Interest Income - - - - - -
TOTAL BAKER DEVELOPMENT - - - - - - - 3,000
TOKEN PROPERTIES LLC (CAREY ST) -NEW 2013-2014
Property Taxes - - - - - - - 3,000
Interest Income - - - - - -
TOTAL TOKEN PROPERTIES LLC(CAREY ST) - - - - - - - 3,000
GORDMAN GRAND ISLAND LLC -NEW 2013-2014
Property Taxes - - - - - - - 40,000
Interest Income - - - - - -
TOTAL GORDMAN GRAND ISLAND LLC - - - - - - - 40,000
TOKEN PROPERTIES LLC (KIMBALL ST)-NEW 2013-2014
Property Taxes - - - - - - - 3,000
Interest Income - - - - - -
TOTAL TOKEN PROPERTIES LLC (KIMBALL ST) - - - - - - - 3,000
AUTO GROUP -PINE ST & S LOCUST -NEW 2013-2014
Property Taxes - - - - - - - 10,000
Interest Income - - - - - -
TOTAL AUTO GROUP - - - - - - - 10,000
HABITAT (ST PAUL RD)-NEW 2013-2014
Property Taxes - - - - - - - 6,000
Interest Income - - - - - -
TOTAL HABITAT - - - - - - - 6,000
CHIEF FABRICATION(ADAMS ST)-NEW 2013-2014
Property Taxes - - - - - - - 40,000
Interest Income - - - - - -
TOTAL CHIEF FABRICATION - - - - - - - 40,000
PRIDON LLC-NEW 2013-2014
Property Taxes - - - - - - - -
Interest Income - - - - - -
TOTAL PRIDON LLC - - - - - - - -
COPPER CREEK-NEW 2013-2014
Property Taxes - - - - - - - -
Interest Income - - - - - -
TOTAL COPPER CREEK - - - - - - - -
TOTAL REVENUE 807,920 842,571 692,826 790,379 1,052,768 3,020,453 2,788,203 1,370,624
Grand Island Regular Meeting - 8/14/2013 Page 16 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
EXPENSES EXPENSES
CRA
GENERAL OPERATIONS: 01
Auditing & Accounting 5,000 7,601 4,392 3,998 4,025 5,000 4,000 5,000
Legal Services 2,143 4,829 3,060 2,389 2,187 3,000 3,000 3,000
Consulting Services - - - - - 10,000 5,000 10,000
Contract Services 34,362 26,122 84,977 40,666 44,428 55,000 55,000 65,000
Printing & Binding 568 - - - - 1,000 - 1,000
Other Professional Services 4,113 - - 6,393 7,599 5,000 - 5,000
General Liability Insurance - - - - - 250 250 250
Postsge 142 159 202 712 328 200 200 200
Legal Notices 828 750 613 881 1,979 2,500 1,500 2,500
Licenses & Fees - - - - - - -
Travel & Training - - - - 161 1,000 200 1,000
Other Expenditures - - - 94 796 - - -
Office Supplies 106 38 328 746 - 300 300 300
Supplies - - - - - 300 - 300
Land 33,090 129 448,720 2,002 - 20,000 - 50,000
- - -
DEBT - - -
Bond Payments/Fees 207,859 - 207,859
Lincoln Pool Principal Bond Payment - 170,000
Lincoln Pool Interest Bond Payment 15,105 23,828
Payment to City-Lincoln Pool engineering fees - -
PROJECTS: 05 - - -
Façade Improvement 207,871 241,793 354,015 442,155 1,146,639 120,000 117,000 150,000
Lincoln Pool Construction From Bond Proceeds - - - 180,658 1,800,000 1,880,062
2nd Street BID - - - - - -
Outstanding Façade Improvement Grants - - - 318,000 200,000
Railroad Horns - - - - -
Other Committed Projects - - - 134,000 152,000 40,000
Other Projects - 2,858 - - 50,000 100,000
Property Taxes BID Fees - - - - 11,000 11,000 11,000
Property Management - - - - - - -
TOTAL CRA OPERATING EXPENSES 288,221 284,279 896,308 500,035 1,388,800 2,744,409 2,444,617 846,237
GILI TRUST-07
Bond Principal 47,159 51,009 55,158 59,654 33,066 - - -
Bond Interest 18,622 14,779 10,622 6,126 1,325 - - -
Other Expenditures - - - - -
TOTAL GILI EXPENSES 65,781 65,788 65,780 65,780 34,390 - - -
CHERRY PARK LTD II-08
Bond Principal 36,824 39,729 42,864 46,245 49,894 53,831 53,831 28,486
Bond Interest 22,356 19,451 16,316 12,935 9,286 5,349 5,349 1,102
TOTAL CHERRY PARK EXPENSES 59,180 59,180 59,180 59,180 59,180 59,180 59,180 29,588
GENTLE DENTAL-09
Bond Principal 2,082 2,236 2,395 2,566 2,745 2,986 2,986 3,195
Bond Interest 2,120 1,966 1,807 1,636 1,457 1,216 1,216 1,007
TOTAL GENTLE DENTAL 4,202 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 11,641 12,467 12,467 13,355
Bond Interest 8,560 10,098 8,979 8,333 7,521 6,695 6,695 5,807
TOTAL PROCON TIF 19,162 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 46,051 46,051 49,209
Bond Interest 41,417 39,151 36,729 34,141 31,376 28,421 28,421 25,263
TOTAL WALNUT HOUSING PROJECT 74,472 74,472 74,472 74,472 74,472 74,472 74,472 74,472
Grand Island Regular Meeting - 8/14/2013 Page 17 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
BRUNS PET GROOMING-12
Bond Principal 9,536 9,575 10,502 6,727 19,667 13,500 13,170 13,500
Bond Interest - - - - -
TOTAL BRUNS PET GROOMING 9,536 9,575 10,502 6,727 19,667 13,500 13,170 13,500
GIRARD VET CLINIC-13
Bond Principal 6,242 4,940 13,855 350 18,736 14,500 14,037 14,500
Bond Interest - - - - -
TOTAL GIRARD VET CLINIC 6,242 4,940 13,855 350 18,736 14,500 14,037 14,500
GEDDES ST APTS - PROCON-14
Bond Principal - 1,195 14,809 29,185 41,923 30,000 28,591 30,000
Bond Interest - - - - -
TOTAL GEDDES ST APTS - PROCON - 1,195 14,809 29,185 41,923 30,000 28,591 30,000
SOUTHEAST CROSSINGS-15
Bond Principal - 8,866 12,109 12,200 12,616 12,000 8,674 12,000
Bond Interest - - - - -
TOTAL SOUTHEAST CROSSINGS - 8,866 12,109 12,200 12,616 12,000 8,674 12,000
POPLAR STREET WATER-16
Auditing & Accounting - - 1,000 - - -
Contract Services - - 89,899 38,129 -
Bond Principal - - - - 2,052 2,500 1,826 2,500
Bond Interest - - - - -
TOTAL POPLAR STREET WATER - - 90,899 38,129 2,052 2,500 1,826 2,500
CASEY'S FIVE POINTS-17
Bond Principal - 4,429 8,670 10,000 8,670 10,000
Bond Interest - - - - -
TOTAL CASEY'S FIVE POINTS - - - 4,429 8,670 10,000 8,670 10,000
SOUTHPOINTE HOTEL-18
Bond Principal - 41,479 85,341 90,000 88,000 90,000
Bond Interest - - - - -
TOTAL SOUTHPOINTE HOTEL - - - 41,479 85,341 90,000 88,000 90,000
TODD ENCK PROJECT - 19
Bond Principal - 1,622 6,059 2,500 3,126 3,200
Bond Interest - - - - -
TOTAL TODD ENCK PROJECT - - - 1,622 6,059 2,500 3,126 3,200
SKAGWAY - 20
Auditing & Accounting - - - 1,000 -
Bond Principal - - - 55,000 55,000
Bond Interest - - - - -
TOTAL SKAGWAY - - - 1,000 - 55,000 - 55,000
JOHN SCHULTE CONSTRUCTION-21
Bond Principal - - - - 4,449 6,000 4,448 6,000
Bond Interest - - - - -
TOTAL JOHN SCHULTE CONSTRUCTION - - - - 4,449 6,000 4,448 6,000
PHARMACY PROPERTIES INC-22
Bond Principal - - - - 10,363 11,000 5,347 11,000
Bond Interest - - - -
TOTAL PHARMACY PROPERTIES INC - - - - 10,363 11,000 5,347 11,000
KEN-RAY LLC-23
Bond Principal - - - - - 34,000 - 34,000
Bond Interest - - - - -
TOTAL KEN-RAY LLC - - - - - 34,000 - 34,000
COUNTY FUND #8598
Bond Principal - - - - - - -
Bond Interest - - - - -
TOTAL COUNTY FUND #8598 - - - - - - - -
ARNOLD WENN-Duplex 13th & Huston-NEW 2013-2014
Bond Principal - - - - - - 3,000
Bond Interest - - - - -
TOTAL ARNOLD WENN - - - - - - - 3,000
TOKEN PROPERTIES LLC-Duplex N Ruby-NEW 2013-2014
Bond Principal - - - - - - 3,000
Grand Island Regular Meeting - 8/14/2013 Page 18 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
Bond Interest - - - - -
TOTAL TOKEN PROPERTIES LLC - - - - - - - 3,000
STRATFORD PLAZA LLC (HOWARD JOHNSONS)- New 2013-2014
Bond Principal - - - - - - 15,000
Bond Interest - - - - -
TOTAL STRATFORD PLAZA - - - - - - - 15,000
EIG GRAND ISLAND LLC-STATE ST - New 2013-2014
Bond Principal - - - - - - 40,000
Bond Interest - - - - -
TOTAL EIG GRAND ISLAND LLC - - - - - - - 40,000
BAKER DEVELOPMENT - New 2013-2014
Bond Principal - - - - - - 3,000
Bond Interest - - - - -
TOTAL BAKER DEVELOPMENT - - - - - - - 3,000
TOKEN PROPERTIES LLC (CAREY ST) - New 2013-2014
Bond Principal - - - - - - 3,000
Bond Interest - - - - -
TOTAL TOKEN PROPERTIES LLC - - - - - - - 3,000
GORDMAN GRAND ISLAND - New 2013-2014
Bond Principal - - - - - - 40,000
Bond Interest - - - - -
TOTAL GORDMAN GRAND ISLAND - - - - - - - 40,000
TOKEN PROPERTIES LLC(KIMBALL ST) - New 2013-2014
Bond Principal - - - - - - 3,000
Bond Interest - - - - -
TOTAL TOKEN PROPERTIES LLC - - - - - - - 3,000
AUTO GROUP -PINE ST & LOCUST - New 2013-2014
Bond Principal - - - - - - 10,000
Bond Interest - - - - -
TOTAL AUTO GROUP - - - - - - - 10,000
HABITAT (ST PAUL RD) - New 2013-2014
Bond Principal - - - - - - 6,000
Bond Interest - - - - -
TOTAL HABITAT - - - - - - - 6,000
CHIEF FABRICATION -ADAMS ST - New 2013-2014
Bond Principal - - - - - - 40,000
Bond Interest - - - - -
TOTAL CHIEF FABRICATION - - - - - - - 40,000
PRIDON LLC - New 2013-2014
Bond Principal - - - - - - -
Bond Interest - - - - -
TOTAL PRIDON LLC - - - - - - - -
COPPER CREEK - New 2013-2014
Bond Principal - - - - - - -
Bond Interest - - - - -
TOTAL COPPER CREEK - - - - - - - -
Blank TIFF - New 2013-2014
Bond Principal - - - - - - -
Bond Interest - - - - -
TOTAL BLANK TIF - - - - - - - -
Blank TIFF - New 2013-2014
Bond Principal - - - - - - -
Bond Interest - - - - -
TOTAL BLANK TIF - - - - - - - -
Blank TIFF - New 2013-2014
Bond Principal - - - - - - -
Bond Interest - - - - -
TOTAL BLANK TIF - - - - - - - -
Blank TIFF - New 2013-2014
Bond Principal - - - - - - -
Bond Interest - - - - -
Grand Island Regular Meeting - 8/14/2013 Page 19 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2013- 2014 BUDGET
2008 2009 2010 2011 2012 2013 2013 2014
Actual Actual Actual Actual Actual Budget Forecasted Budget
TOTAL BLANK TIF - - - - - - - -
TOTAL EXPENSES 526,796 531,658 1,261,276 857,952 1,790,082 3,182,425 2,777,522 1,421,360
Grand Island Regular Meeting - 8/14/2013 Page 20 / 21
COMMUNITY REDEVELOPMENT AUTHORITY
GRAND ISLAND, NEBRASKA
RESOLUTION #166
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 2013-2014 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 August 14, 2013, the members of the Community Redevelopment Authority of
the City of Grand Island considered its budget for fiscal year 2013-2014 and determined that a request
for personal and real property tax in the amount of $667,500 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 2013-2014 levy
allocation which will provide $667,500 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 14th day of August, 2012.
COMMUNITY REDEVELOPMENT AUTHORITY OF
THE CITY OF GRAND ISLAND, NEBRASKA
By:_________________________________
Chair
ATTEST:
_____________________________
Director
Grand Island Regular Meeting - 8/14/2013 Page 21 / 21