08-13-2014 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting Packet
Board Members:
Michelle Fitzke
Tom Gdowski
Barry Sandstrom
Sue Pirnie
Glen Murray
4:00 PM
Grand Island Regular Meeting - 8/13/2014 Page 1 / 52
Call to Order
Roll Call
A - SUBMITTAL OF REQUESTS FOR FUTURE ITEMS
Individuals who have appropriate items for City Council consideration should complete the Request for
Future Agenda Items form located at the Information Booth. If the issue can be handled administratively
without Council action, notification will be provided. If the item is scheduled for a meeting or study
session, notification of the date will be given.
B - RESERVE TIME TO SPEAK ON AGENDA ITEMS
This is an opportunity for individuals wishing to provide input on any of tonight's agenda items to reserve
time to speak. Please come forward, state your name and address, and the Agenda topic on which you will
be speaking.
DIRECTOR COMMUNICATION
This is an opportunity for the Director to comment on current events, activities, and issues of interest to
the commission.
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Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
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AGENDA
Wednesday, August 13, 2014
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 9, 2014 Meeting.
3.Approval of Financial Reports.
4.Approval of Bills.
5.Review of Committed Projects and CRA Properties.
6.Façade request for 305 W 3rd Street.
7.Declaration of 2228 N Webb Rd as an Enhanced Employment Area.
8.Budget.
9.Discussion concerning Purchase/Sale of Real Estate of property.
10.Approve Resolution or Resolutions to Purchase/Sell Real Estate.
11.Directors Report.
12.Downtown Tour with Amos Anson and Tom Ziller.
13.Adjournment
Next Meeting September 10, 2014
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, August 13, 2014
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/13/2014 Page 5 / 52
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
July 9, 2014
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 9, 2014 at City Hall 100 E First Street. Notice of the meeting was given
in the July 2, 2014 Grand Island Independent.
1.CALL TO ORDER. Chairman Barry Sandstrom called the meeting to order
at 4:00 p.m. The following members were present: Sue Pirnie, Tom
Gdowski and Glen Murray. Michelle Fitzke joined the meeting at 4:05 p.m.
Also present were; Director, Chad Nabity; Secretary, Rose Rhoads; Legal
Counsel, Duane Burns; Senior Accountant, Billy Clingman; Finance
Director, Jaye Monter; Ray O’Connor, Tim Lowe, Maxwell Gansline, Matt
Rief, Chamber of Commerce President, Cindy Johnson; Joel Riggs and
Charles Renner.
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 June
18, 2014 meeting was made by Gdowski and seconded by Pirnie. Upon
roll call vote all present voted aye. Motion carried unanimously.
3.APPROVAL OF FINANCIAL REPORTS. Clingman reviewed the financial
reports for the period of June 1, 2014 through June 30, 2014. Motion was
made by Pirnie 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 Nabity.
A motion was made by Murray and seconded by Pirnie to approve the bills
in the amount of $8952.58. Upon roll call vote all present voted aye. Motion
carried unanimously to approve the payment of bills totaling $8952.58.
5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY.
Nabity reviewed the Committed Projects.
6.CONSIDERATION OF RESOLUTION 176.
Consideration of a Resolution to forward a Site Specific redevelopment
plan to the Hall County Regional Planning Commission for 2228 N Webb
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Rd. 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. Nabity
explained this was a request to enter into a TIF contract for 2228 N Webb
Rd., Northwest Commons that included the redevelopment of the current
property; approval of Resolution 176 would forward the Redevelopment
Plan to the Hall County Planning Commission. Tim Lowe, vice president of
leasing and development for the Staenberg Group, explained the new
proposals for the former Grand Island Mall. A motion to approve
Resolution 176 was made by Gdowski and seconded by Pirnie. Upon roll
call Sandstrom recused himself and the remaining members present voted
aye. Motion carried.
7.CONSIDERATION OF RESOLUTION 177.
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 2228 N Webb Rd., Northwest Commons. Nabity explained
this was a request to enter into a TIF contract with Grand Island Joint
Ventures, LLC that included the redevelopment of the current property;
approval of Resolution 177 would forward the TIF contract request to the
City Council. A motion to approve Resolution 177 was made by Murray
and seconded by Fitzke. Upon roll call Sandstrom recused himself and the
remaining members present voted aye. Motion carried.
8.CONSIDERATION OF RESOLUTION 178.
Consideration of a Resolution to forward a Site Specific redevelopment
plan to the Hall County Regional Planning Commission for 620 W State
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. Nabity
explained this was a request to enter into a TIF contract for Super Market
Developers, Inc. that included the redevelopment of the current property;
approval of Resolution 178 would forward the Redevelopment Plan to the
Hall County Planning Commission. Joel Riggs of Supermarket Developers
explained the plans for the new Super Saver. A motion to approve
Resolution 178 was made by Pirnie and seconded by Murray. Upon roll
call Sandstrom recused himself and the remaining members present voted
aye. Motion carried.
9.CONSIDERATION OF RESOLUTION 179.
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 620 W State Street. Nabity explained this was a request to
enter into a TIF contract with Super Market Developers, Inc. that included
the redevelopment of the current property; approval of Resolution 179
would forward the TIF contract request to the City Council. A motion to
Grand Island Regular Meeting - 8/13/2014 Page 7 / 52
approve Resolution 179 was made by Murray and seconded by Pirnie.
Upon roll call Sandstrom recused himself and the remaining members
present voted aye. Motion carried.
10.BUGDET
Discussion about the CRA budget for the 2014-2015 fiscal
year.
11.DISCUSSION CONCERNING PURCHASE/SALE OF REAL
ESTATE OF PROPERTY. None
12. APPROVE RESOLUTION OR RESOLUTIONS TO
PURCHASE/SELL REAL ESTATE. None
13. DIRECTIORS REPORT.
14. ADJORNMENT. Sandstrom adjourned the meeting at 5:25 p.m.
The next meeting is scheduled for August 13, 2014 at 4:00 p.m.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 8/13/2014 Page 8 / 52
Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting
Item C1
Financial Reports
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/13/2014 Page 16 / 52
13-Aug-14
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 $ 4,475.95
Accounting
Officenet Inc.
Postage $ 27.34
Lawnscape 408 E 2nd $ 70.00
Grand Island Independent $ 16.01
Downtown BID Historical Lighting $ 30,000.00
TIF Bond Payments
TIF Pass Thrus
Geddes St Apt $ 13,447.42
Gordman Grand Island $ 3,857.96
Mayer, Burns, Koenig & Janulewicz Legal Services $ 150.00
Total:
$ 52,044.68
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Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting
Item E1
Committed Projects
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting
Item F1
Facade App
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting
Item K1
Budget
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 8/13/2014 Page 31 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
CONSOLIDATED
Beginning Cash 923,823 298,766 186,509 186,509 377,849 414,486 529,861
REVENUE:
Property Taxes-CRA 464,412 446,578 437,618 476,837 474,384 474,384 488,069
Property Taxes-Lincoln Pool 154,234 207,859 201,787 193,649 195,000 195,000 198,050
Property Taxes-TIF's 404,016 438,016 332,998 384,041 629,124 433,568 1,321,092
Loan Proceeds - - - - - - -
Motor Vehicle Tax 2,658 - - - - - -
Interest Income-CRA 4,667 1,000 2,000 342 1,000 1,000 1,000
Interest Income - TIF's 165 - - 135 - - -
Loan Income (Poplar Street Water Line) - 5,000 1,800 8,154 5,000 6,000 6,000
Land Sales - 100,000 - - 100,000 - 100,000
Bond Proceeds - Lincoln Pool - 1,800,000 1,800,000 1,800,000 - - -
City Share of Life Safety Grant Downtown - - - - - - 100,000
Other Revenue 12,552 22,000 192,658 29,539 22,000 22,000 22,000
Other Revenue - TIF's 10,064 - - 7,707 - - -
TOTAL REVENUE 1,052,768 3,020,453 2,968,861 2,900,404 1,426,508 1,131,952 2,236,211
TOTAL RESOURCES 1,976,591 3,319,219 3,155,371 3,086,913 1,804,357 1,546,438 2,766,072
EXPENSES
Auditing & Accounting 4,025 5,000 4,000 16,075 5,000 5,000 5,000
Legal Services 2,187 3,000 3,000 1,410 3,000 2,000 3,000
Consulting Services - 10,000 5,000 - 10,000 5,000 5,000
Contract Services 44,428 55,000 55,000 50,960 65,000 50,000 65,000
Printing & Binding - 1,000 - - 1,000 - 1,000
Other Professional Services 7,599 5,000 - 7,210 5,000 - 5,000
General Liability Insurance - 250 250 - 250 - 250
Postage 328 200 200 336 200 200 200
Legal Notices 1,979 2,500 1,500 1,693 2,500 2,000 2,500
Licenses & Fees - - - - - - -
Travel & Training 161 1,000 200 - 1,000 - 1,000
Other Expenditures 796 - - - - - -
Office Supplies - 300 300 123 300 100 300
Supplies - 300 - - 300 100 300
Land - 20,000 - - 80,000 - 200,000
Façade Improvement-to be applied for 1,146,639 120,000 117,000 482,361 200,000 130,000 200,000
Lincoln Pool Bond Proceeds pay out 180,658 1,800,000 1,880,062 1,699,883 - - -
Other Projects - 50,000 - - 265,000 100,000 175,000
Property Taxes South Locust Project 11,000 11,000 - 11,000 11,000 11,000
Life Safety Reimbursment Grant - - - - - - 200,000
Outstanding Façade Improvement Grants 318,000 200,000 - 130,000 - 118,000
Other Committed Projects 134,000 152,000 - 40,000 40,000 98,000
Bond Payment /Fees 207,859 - 525
Lincoln Pool Principal Bond Payment - - 170,000 170,000 175,000
Lincoln Pool Interest Bond Payment 15,105 15,105 23,828 23,828 23,050
Other Expenditures-TIF's - 47,373 -
Bond Principal-TIF's 350,317 396,334 291,223 355,016 541,944 397,899 1,236,022
Bond Interest-TIF's 50,965 41,682 41,682 41,730 87,180 32,077 85,070
TOTAL EXPENSES 1,790,082 3,182,425 2,777,522 2,672,427 1,642,501 1,016,577 2,609,692
INCREASE(DECREASE) IN CASH (737,314) (161,972) 191,340 227,977 (215,993) 115,375 (373,481)
ENDING CASH 186,509 136,794 377,849 414,486 161,856 529,861 156,380
- - - - -
AVAILABLE CASH 186,509 136,794 377,849 414,486 161,856 529,861 156,380
CRA CASH 152,203 7,249 249,802 299,440 32,636 452,561 79,080
LINCOLN POOL CASH (26,424) 81,787 80,196 72,058 81,368 73,230 73,230
TIF CASH 60,730 47,758 47,851 42,988 47,852 4,071 4,071
TOTAL CASH 186,509 136,794 377,849 414,486 161,856 529,861 156,380
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COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
CRA REVENUES
GENERAL OPERATIONS: 01
Property Taxes 464,412 446,578 437,618 476,837 474,384 474,384 488,069
Property Taxes-Lincoln Pool Levy 154,234 207,859 201,787 193,649 195,000 195,000 198,050
Motor Vehicle Tax 2,658 -
Interest Income 4,667 1,000 2,000 342 1,000 1,000 1,000
Loan Income (Poplar Street Water Line) 5,000 1,800 8,154 5,000 6,000 6,000
Land Sales 100,000 - 100,000 - 100,000
Bond Proceeds Lincoln Pool 1,800,000 1,800,000 1,800,000
City Share Life Safety Grant Downtown - 100,000
Other Revenue & Motor Vehicle Tax 12,552 22,000 192,658 29,539 22,000 22,000 22,000
TOTAL 638,523 2,582,437 2,635,863 2,508,521 797,384 698,384 915,119
GILI TRUST-07
Property Taxes 32,019 - - - - - -
Interest Income - - - - - - -
Other Revenue 511
TOTAL 32,530 - - - - - -
CHERRY PARK LTD II-08
Property Taxes 64,641 59,180 59,180 62,605 29,588 29,588 -
Interest Income 157 - - 129 - - -
Other Revenue
TOTAL 64,797 59,180 59,180 62,734 29,588 29,588 -
GENTLE DENTAL-09
Property Taxes 4,659 4,202 4,202 4,755 4,202 4,202 -
Interest Income 1 - - 1 - -
Other Revenue -
TOTAL 4,660 4,202 4,202 4,756 4,202 4,202 -
PROCON TIF-10
Property Taxes 27,675 19,162 19,162 9,613 19,162 19,162 19,162
Interest Income 2 - - 2 - - -
Other Revenue 233 271
TOTAL 27,910 19,162 19,162 9,886 19,162 19,162 19,162
WALNUT HOUSING PROJECT-11
Property Taxes 65,147 74,472 74,472 67,032 74,472 74,472 74,472
Interest Income 6 - - 3 -
Other Revenue 9,320 7,436
TOTAL 74,473 74,472 74,472 74,471 74,472 74,472 74,472
BRUNS PET GROOMING-12
Property Taxes 19,667 13,500 12,755 7,360 13,500 13,500 13,500
Interest Income -
TOTAL 19,667 13,500 12,755 7,360 13,500 13,500 13,500
Grand Island Regular Meeting - 8/13/2014 Page 33 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
GIRAD VET CLINIC-13
Property Taxes 18,736 14,500 14,037 9,883 14,500 14,500 14,500
Interest Income - - - -
TOTAL 18,736 14,500 14,037 9,883 14,500 14,500 14,500
GEDDES ST APTS - PROCON-14
Property Taxes 41,923 30,000 29,099 28,045 30,000 30,000 30,000
Interest Income - - - -
TOTAL 41,923 30,000 29,099 28,045 30,000 30,000 30,000
SOUTHEAST CROSSINGS-15
Property Taxes 12,616 12,000 8,674 13,193 12,000 15,000 15,000
Interest Income - - - -
TOTAL 12,616 12,000 8,674 13,193 12,000 15,000 15,000
POPLAR STREET WATER-16
Property Taxes 2,052 2,500 1,826 7,817 2,500 6,000 6,000
Interest Income - - - -
Other Revenue -
TOTAL 2,052 2,500 1,826 7,817 2,500 6,000 6,000
CASEY'S FIVE POINTS-17
Property Taxes 8,670 10,000 8,670 13,276 10,000 10,000 10,000
Interest Income -
TOTAL CASEY'S FIVE POINTS 8,670 10,000 8,670 13,276 10,000 10,000 10,000
SOUTHPOINTE HOTEL-18
Property Taxes 85,341 90,000 88,000 87,104 90,000 90,000 90,000
Interest Income -
TOTAL SOUTHPOINTE HOTEL 85,341 90,000 88,000 87,104 90,000 90,000 90,000
TODD ENCK-19
Property Taxes 6,059 2,500 3,126 6,169 3,200 6,000 6,000
Interest Income -
TOTAL TC ENCK 6,059 2,500 3,126 6,169 3,200 6,000 6,000
SKAGWAY - 20
Property Taxes - 55,000 - 9,767 55,000 40,000 750,000
Interest Income - -
TOTAL SKAGWAY - 20 - 55,000 - 9,767 55,000 40,000 750,000
JOHN SCHULTE CONSTRUCTION-21
Property Taxes 4,449 6,000 4,448 5,088 6,000 5,900 6,000
Interest Income - -
TOTAL JOHN SCHULTE CONSTRUCTION 4,449 6,000 4,448 5,088 6,000 5,900 6,000
PHARMACY PROPERTIES INC-22
Property Taxes 10,363 11,000 5,347 10,551 11,000 10,700 11,000
Interest Income - -
TOTAL PHARMACY PROPERTIES INC 10,363 11,000 5,347 10,551 11,000 10,700 11,000
KEN-RAY LLC-23
Property Taxes - 34,000 - 38,919 34,000 34,000 34,000
Interest Income - -
TOTAL KEN-RAY LLC - 34,000 - 38,919 34,000 34,000 34,000
COUNTY FUND #8598
Property Taxes - - - 2,864 - 1,458 1,458
Interest Income - -
TOTAL COUNTY FUND #8598 - - - 2,864 - 1,458 1,458
ARNOLD WENN-Duplex 13th & Huston-NEW 2013-2014
Property Taxes - - - - 3,000 3000
Interest Income - -
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COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
TOTAL ARNOLD WENN - - - - 3,000 - 3,000
TOKEN PROPERTIES LLC -Duplex N Ruby-NEW 2013-2014
Property Taxes - - - 3,000 3,000 3,000
Interest Income - -
TOTAL TOKEN PROPERTIES LLC - - - - 3,000 3,000 3,000
STRATFORD PLAZA-HOWARD JOHNSON-NEW 2013-2014
Property Taxes - - - 15,000 23,086 35,000
Interest Income - -
TOTAL STRATFORD PLAZA - - - - 15,000 23,086 35,000
EIG GRAND ISLAND LLC-STATE STREET-NEW 2013-2014
Property Taxes - - - 40,000 40,000
Interest Income - -
TOTAL EIG GRAND ISLAND LLC - - - - 40,000 - 40,000
BAKER DEVELOPMENT -NEW 2013-2014
Property Taxes - - - 3,000 3,000 3,000
Interest Income - -
TOTAL BAKER DEVELOPMENT - - - - 3,000 3,000 3,000
TOKEN PROPERTIES LLC (CAREY ST) -NEW 2013-2014
Property Taxes - - - 3,000 3,000
Interest Income - -
TOTAL TOKEN PROPERTIES LLC(CAREY ST) - - - - 3,000 - 3,000
GORDMAN GRAND ISLAND LLC -NEW 2013-2014
Property Taxes - - - 40,000 40,000
Interest Income - -
TOTAL GORDMAN GRAND ISLAND LLC - - - - 40,000 - 40,000
TOKEN PROPERTIES LLC (KIMBALL ST)-NEW 2013-2014
Property Taxes - - - 3,000 3,000
Interest Income - -
TOTAL TOKEN PROPERTIES LLC (KIMBALL ST) - - - - 3,000 - 3,000
AUTO GROUP -PINE ST & S LOCUST -NEW 2013-2014
Property Taxes - - - - 10,000 10,000
Interest Income - - -
TOTAL AUTO GROUP - - - - 10,000 - 10,000
HABITAT (ST PAUL RD)-NEW 2013-2014
Property Taxes - - - - 6,000 6,000
Interest Income - - -
TOTAL HABITAT - - - - 6,000 - 6,000
CHIEF FABRICATION(ADAMS ST)-NEW 2013-2014
Property Taxes - - - - 40,000 40,000
Interest Income - - -
TOTAL CHIEF FABRICATION - - - - 40,000 - 40,000
PRIDON LLC-NEW 2013-2014
Property Taxes - - - - -
Interest Income - - -
TOTAL PRIDON LLC - - - - - - -
COPPER CREEK-NEW 2013-2014
Property Taxes - - - - 54,000 54,000
Interest Income - - -
TOTAL COPPER CREEK - - - - 54,000 - 54,000
TOTAL REVENUE 1,052,768 3,020,453 2,968,861 2,900,404 1,426,508 1,131,952 2,236,211
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COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
EXPENSES EXPENSES
CRA
GENERAL OPERATIONS: 01
Auditing & Accounting 4,025 5,000 4,000 16,075 5,000 5,000 5,000
Legal Services 2,187 3,000 3,000 1,410 3,000 2,000 3,000
Consulting Services - 10,000 5,000 - 10,000 5,000 5,000
Contract Services 44,428 55,000 55,000 50,960 65,000 50,000 65,000
Printing & Binding - 1,000 - - 1,000 - 1,000
Other Professional Services 7,599 5,000 - 7,210 5,000 - 5,000
General Liability Insurance - 250 250 - 250 - 250
Postage 328 200 200 336 200 200 200
Legal Notices 1,979 2,500 1,500 1,693 2,500 2,000 2,500
Licenses & Fees - - - -
Travel & Training 161 1,000 200 - 1,000 - 1,000
Other Expenditures 796 - - - -
Office Supplies - 300 300 123 300 100 300
Supplies - 300 - - 300 100 300
Land - 20,000 - - 80,000 - 200,000
- - - -
DEBT - - - -
Bond Payments/Fees 207,859 - 525 207,859
Lincoln Pool Principal Bond Payment - - 170,000 170,000 175,000
Lincoln Pool Interest Bond Payment 15,105 15,105 23,828 23,828 23,050
Payment to City-Lincoln Pool engineering fees - - -
PROJECTS: 05 - -
Façade Improvement 1,146,639 120,000 117,000 482,361 200,000 130,000 200,000
Lincoln Pool Construction From Bond Proceeds 180,658 1,800,000 1,880,062 1,699,883
Life Safety Reimbursment Grant - - - - 200,000
Outstanding Façade Improvement Grants 318,000 200,000 - 118,000
Railroad Horns - - -
Other Committed Projects 134,000 152,000 - 40,000 40,000 98,000
Other Projects 50,000 - 265,000 100,000 175,000
Property Taxes BID Fees 11,000 11,000 - 11,000 11,000 11,000
Property Management - - - - - -
TOTAL CRA OPERATING EXPENSES 1,388,800 2,744,409 2,444,617 2,275,681 1,091,237 539,228 1,288,600
GILI TRUST-07
Bond Principal 33,066 - - - - - -
Bond Interest 1,325 - - - - - -
Other Expenditures -
TOTAL GILI EXPENSES 34,390 - - - - - -
CHERRY PARK LTD II-08
Bond Principal 49,894 53,831 53,831 53,831 28,486 29,496 -
Bond Interest 9,286 5,349 5,349 5,349 1,102 - -
Other Expenditures - - - - - 47,373 -
TOTAL CHERRY PARK EXPENSES 59,180 59,180 59,180 59,180 29,588 76,869 -
GENTLE DENTAL-09
Bond Principal 2,745 2,986 2,986 2,937 3,195 3,195 -
Bond Interest 1,457 1,216 1,216 1,265 1,007 1,007 -
TOTAL GENTLE DENTAL 4,202 4,202 4,202 4,202 4,202 4,202 -
PROCON TIF-10
Bond Principal 11,641 12,467 12,467 12,467 13,355 13,355 13,355
Bond Interest 7,521 6,695 6,695 6,695 5,807 5,807 5,807
TOTAL PROCON TIF 19,162 19,162 19,162 19,162 19,162 19,162 19,162
WALNUT HOUSING PROJECT-11
Bond Principal 43,096 46,051 46,051 46,051 49,209 49,209 49,209
Bond Interest 31,376 28,421 28,421 28,421 25,263 25,263 25,263
TOTAL WALNUT HOUSING PROJECT 74,472 74,472 74,472 74,472 74,472 74,472 74,472
Grand Island Regular Meeting - 8/13/2014 Page 36 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
BRUNS PET GROOMING-12
Bond Principal 19,667 13,500 13,170 7,054 13,500 13,500 13,500
Bond Interest -
TOTAL BRUNS PET GROOMING 19,667 13,500 13,170 7,054 13,500 13,500 13,500
GIRARD VET CLINIC-13
Bond Principal 18,736 14,500 14,037 9,883 14,500 11,000 14,500
Bond Interest -
TOTAL GIRARD VET CLINIC 18,736 14,500 14,037 9,883 14,500 11,000 14,500
GEDDES ST APTS - PROCON-14
Bond Principal 41,923 30,000 28,591 28,045 30,000 30,000 30,000
Bond Interest -
TOTAL GEDDES ST APTS - PROCON 41,923 30,000 28,591 28,045 30,000 30,000 30,000
SOUTHEAST CROSSINGS-15
Bond Principal 12,616 12,000 8,674 12,856 12,000 15,000 15,000
Bond Interest -
TOTAL SOUTHEAST CROSSINGS 12,616 12,000 8,674 12,856 12,000 15,000 15,000
POPLAR STREET WATER-16
Auditing & Accounting - -
Contract Services -
Bond Principal 2,052 2,500 1,826 8,154 2,500 6,000 6,000
Bond Interest -
TOTAL POPLAR STREET WATER 2,052 2,500 1,826 8,154 2,500 6,000 6,000
CASEY'S FIVE POINTS-17
Bond Principal 8,670 10,000 8,670 13,276 10,000 10,000 10,000
Bond Interest -
TOTAL CASEY'S FIVE POINTS 8,670 10,000 8,670 13,276 10,000 10,000 10,000
SOUTHPOINTE HOTEL-18
Bond Principal 85,341 90,000 88,000 87,104 90,000 90,000 90,000
Bond Interest -
TOTAL SOUTHPOINTE HOTEL 85,341 90,000 88,000 87,104 90,000 90,000 90,000
TODD ENCK PROJECT - 19
Bond Principal 6,059 2,500 3,126 6,169 3,200 6,000 6,000
Bond Interest -
TOTAL TODD ENCK PROJECT 6,059 2,500 3,126 6,169 3,200 6,000 6,000
SKAGWAY - 20
Auditing & Accounting -
Bond Principal - 55,000 9,767 55,000 40,000 750,000
Bond Interest -
TOTAL SKAGWAY - 55,000 - 9,767 55,000 40,000 750,000
JOHN SCHULTE CONSTRUCTION-21
Bond Principal 4,449 6,000 4,448 5,088 6,000 5,900 6,000
Bond Interest -
TOTAL JOHN SCHULTE CONSTRUCTION 4,449 6,000 4,448 5,088 6,000 5,900 6,000
PHARMACY PROPERTIES INC-22
Bond Principal 10,363 11,000 5,347 10,551 11,000 10,700 11,000
Bond Interest -
TOTAL PHARMACY PROPERTIES INC 10,363 11,000 5,347 10,551 11,000 10,700 11,000
KEN-RAY LLC-23
Bond Principal - 34,000 - 38,919 34,000 34,000 34,000
Bond Interest -
TOTAL KEN-RAY LLC - 34,000 - 38,919 34,000 34,000 34,000
COUNTY FUND #8598
Bond Principal - - 2,864 - 1,458 1,458
Bond Interest -
TOTAL COUNTY FUND #8598 - - - 2,864 - 1,458 1,458
ARNOLD WENN-Duplex 13th & Huston-NEW 2013-2014
Bond Principal - - 3,000 0 3,000
Grand Island Regular Meeting - 8/13/2014 Page 37 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
Bond Interest -
TOTAL ARNOLD WENN - - - 3,000 - 3,000
TOKEN PROPERTIES LLC-Duplex N Ruby-NEW 2013-2014
Bond Principal - - 3,000 3,000 3,000
Bond Interest -
TOTAL TOKEN PROPERTIES LLC - - - 3,000 3,000 3,000
STRATFORD PLAZA LLC (HOWARD JOHNSONS)- New 2013-2014
Bond Principal - - 15,000 23,086 35,000
Bond Interest -
TOTAL STRATFORD PLAZA - - - 15,000 23,086 35,000
EIG GRAND ISLAND LLC-STATE ST - New 2013-2014
Bond Principal - - 40,000 40,000
Bond Interest -
TOTAL EIG GRAND ISLAND LLC - - - 40,000 - 40,000
BAKER DEVELOPMENT - New 2013-2014
Bond Principal - - 3,000 3,000 3,000
Bond Interest -
TOTAL BAKER DEVELOPMENT - - - 3,000 3,000 3,000
TOKEN PROPERTIES LLC (CAREY ST) - New 2013-2014
Bond Principal - - 3,000 - 3,000
Bond Interest -
TOTAL TOKEN PROPERTIES LLC - - - 3,000 - 3,000
GORDMAN GRAND ISLAND - New 2013-2014
Bond Principal - - 40,000 40,000
Bond Interest -
TOTAL GORDMAN GRAND ISLAND - - - 40,000 - 40,000
TOKEN PROPERTIES LLC(KIMBALL ST) - New 2013-2014
Bond Principal - - 3,000 - 3,000
Bond Interest -
TOTAL TOKEN PROPERTIES LLC - - - 3,000 - 3,000
AUTO GROUP -PINE ST & LOCUST - New 2013-2014
Bond Principal - - 10,000 - 10,000
Bond Interest -
TOTAL AUTO GROUP - - - 10,000 - 10,000
HABITAT (ST PAUL RD) - New 2013-2014
Bond Principal - - 6,000 - 6,000
Bond Interest -
TOTAL HABITAT - - - 6,000 - 6,000
CHIEF FABRICATION -ADAMS ST - New 2013-2014
Bond Principal - - 40,000 - 40,000
Bond Interest -
TOTAL CHIEF FABRICATION - - - 40,000 - 40,000
PRIDON LLC - New 2013-2014
Bond Principal - - -
Bond Interest -
TOTAL PRIDON LLC - - - - - -
COPPER CREEK - New 2013-2014
Bond Principal - - -
Bond Interest - 54,000 54,000
TOTAL COPPER CREEK - - - 54,000 - 54,000
Habitat (8th and Superior)
Bond Principal - - -
Bond Interest -
TOTAL BLANK TIF - - - - - -
Mainstay Suites - New 2013-2014
Bond Principal - - -
Bond Interest -
Grand Island Regular Meeting - 8/13/2014 Page 38 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2013 2014 2014 2015
Actual Budget Forecasted Actuals Budget Forecasted Budget
TOTAL BLANK TIF - - - - - -
Tower 217 - New 2013-2014
Bond Principal - -
Bond Interest -
TOTAL BLANK TIF - - - - - -
Blank TIFF - New 2013-2014
Bond Principal - - -
Bond Interest -
TOTAL BLANK TIF - - - - - -
TOTAL EXPENSES 1,790,082 3,182,425 2,777,522 2,672,427 1,720,360 1,016,577 2,609,692
Grand Island Regular Meeting - 8/13/2014 Page 39 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
FY 2014- 2015 BUDGET
2012 2013 2013 2014 2014 2015
Actual Budget Actuals Budget Forecasted Budget
CONSOLIDATED
Beginning Cash 923,823 298,766 186,509 377,849 414,486 529,861
REVENUE:
Property Taxes-CRA 464,412 446,578 476,837 474,384 474,384 488,069
Property Taxes-Lincoln Pool 154,234 207,859 193,649 195,000 195,000 198,050
Property Taxes-TIF's 404,016 438,016 384,041 629,124 433,568 1,321,092
Loan Proceeds - - - - - -
Motor Vehicle Tax 2,658 - - - - -
Interest Income-CRA 4,667 1,000 342 1,000 1,000 1,000
Interest Income - TIF's 165 - 135 - - -
Loan Income (Poplar Street Water Line) - 5,000 8,154 5,000 6,000 6,000
Land Sales - 100,000 - 100,000 - 100,000
Bond Proceeds - Lincoln Pool - 1,800,000 1,800,000 - - -
City Share of Life Safety Grant Downtown - - - - - 100,000
Other Revenue 12,552 22,000 29,539 22,000 22,000 22,000
Other Revenue - TIF's 10,064 - 7,707 - - -
TOTAL REVENUE 1,052,768 3,020,453 2,900,404 1,426,508 1,131,952 2,236,211
TOTAL RESOURCES 1,976,591 3,319,219 3,086,913 1,804,357 1,546,438 2,766,072
EXPENSES
Auditing & Accounting 4,025 5,000 16,075 5,000 5,000 5,000
Legal Services 2,187 3,000 1,410 3,000 2,000 3,000
Consulting Services - 10,000 - 10,000 5,000 5,000
Contract Services 44,428 55,000 50,960 65,000 50,000 65,000
Printing & Binding - 1,000 - 1,000 - 1,000
Other Professional Services 7,599 5,000 7,210 5,000 - 5,000
General Liability Insurance - 250 - 250 - 250
Postage 328 200 336 200 200 200
Legal Notices 1,979 2,500 1,693 2,500 2,000 2,500
Licenses & Fees - - - - - -
Travel & Training 161 1,000 - 1,000 - 1,000
Other Expenditures 796 - - - - -
Office Supplies - 300 123 300 100 300
Supplies - 300 - 300 100 300
Land - 20,000 - 80,000 - 200,000
Façade Improvement-to be applied for 1,146,639 120,000 482,361 200,000 130,000 200,000
Lincoln Pool Bond Proceeds pay out 180,658 1,800,000 1,699,883 - - -
Other Projects - 50,000 - 265,000 100,000 175,000
Property Taxes South Locust Project 11,000 - 11,000 11,000 11,000
Life Safety Reimbursment Grant - - - - - 200,000
Outstanding Façade Improvement Grants 318,000 - 130,000 - 118,000
Other Committed Projects 134,000 - 40,000 40,000 98,000
Bond Payment /Fees 207,859 525
Lincoln Pool Principal Bond Payment - 170,000 170,000 175,000
Lincoln Pool Interest Bond Payment 15,105 23,828 23,828 23,050
Other Expenditures-TIF's - 47,373 -
Bond Principal-TIF's 350,317 396,334 355,016 541,944 397,899 1,236,022
Bond Interest-TIF's 50,965 41,682 41,730 87,180 32,077 85,070
TOTAL EXPENSES 1,790,082 3,182,425 2,672,427 1,642,501 1,016,577 2,609,692
INCREASE(DECREASE) IN CASH (737,314) (161,972) 227,977 (215,993) 115,375 (373,481)
ENDING CASH 186,509 136,794 414,486 161,856 529,861 156,380
- - - -
AVAILABLE CASH 186,509 136,794 414,486 161,856 529,861 156,380
CRA CASH 152,203 7,249 299,440 32,636 452,561 79,080
LINCOLN POOL CASH (26,424) 81,787 72,058 81,368 73,230 73,230
TIF CASH 60,730 47,758 42,988 47,852 4,071 4,071
TOTAL CASH 186,509 136,794 414,486 161,856 529,861 156,380
CRA REVENUES
GENERAL OPERATIONS: 01
Property Taxes 464,412 446,578 476,837 474,384 474,384 488,069
Grand Island Regular Meeting - 8/13/2014 Page 40 / 52
Property Taxes-Lincoln Pool Levy 154,234 207,859 193,649 195,000 195,000 198,050
Motor Vehicle Tax 2,658 -
Interest Income 4,667 1,000 342 1,000 1,000 1,000
Loan Income (Poplar Street Water Line) 5,000 8,154 5,000 6,000 6,000
Land Sales 100,000 100,000 - 100,000
Bond Proceeds Lincoln Pool 1,800,000 1,800,000
City Share Life Safety Grant Downtown - 100,000
Other Revenue & Motor Vehicle Tax 12,552 22,000 29,539 22,000 22,000 22,000
TOTAL 638,523 2,582,437 2,508,521 797,384 698,384 915,119
GILI TRUST-07
Property Taxes 32,019 - - - - -
Interest Income - - - - - -
Other Revenue 511
TOTAL 32,530 - - - - -
CHERRY PARK LTD II-08
Property Taxes 64,641 59,180 62,605 29,588 29,588 -
Interest Income 157 - 129 - - -
Other Revenue
TOTAL 64,797 59,180 62,734 29,588 29,588 -
GENTLE DENTAL-09
Property Taxes 4,659 4,202 4,755 4,202 4,202 -
Interest Income 1 - 1 - -
Other Revenue -
TOTAL 4,660 4,202 4,756 4,202 4,202 -
PROCON TIF-10
Property Taxes 27,675 19,162 9,613 19,162 19,162 19,162
Interest Income 2 - 2 - - -
Other Revenue 233 271
TOTAL 27,910 19,162 9,886 19,162 19,162 19,162
WALNUT HOUSING PROJECT-11
Property Taxes 65,147 74,472 67,032 74,472 74,472 74,472
Interest Income 6 - 3 -
Other Revenue 9,320 7,436
TOTAL 74,473 74,472 74,471 74,472 74,472 74,472
BRUNS PET GROOMING-12
Property Taxes 19,667 13,500 7,360 13,500 13,500 13,500
Interest Income -
TOTAL 19,667 13,500 7,360 13,500 13,500 13,500
GIRAD VET CLINIC-13
Property Taxes 18,736 14,500 9,883 14,500 14,500 14,500
Interest Income - - -
TOTAL 18,736 14,500 9,883 14,500 14,500 14,500
GEDDES ST APTS - PROCON-14
Property Taxes 41,923 30,000 28,045 30,000 30,000 30,000
Interest Income - - -
TOTAL 41,923 30,000 28,045 30,000 30,000 30,000
SOUTHEAST CROSSINGS-15
Property Taxes 12,616 12,000 13,193 12,000 15,000 15,000
Interest Income - - -
TOTAL 12,616 12,000 13,193 12,000 15,000 15,000
POPLAR STREET WATER-16
Property Taxes 2,052 2,500 7,817 2,500 6,000 6,000
Interest Income - - -
Other Revenue -
TOTAL 2,052 2,500 7,817 2,500 6,000 6,000
CASEY'S FIVE POINTS-17
Property Taxes 8,670 10,000 13,276 10,000 10,000 10,000
Interest Income -
TOTAL CASEY'S FIVE POINTS 8,670 10,000 13,276 10,000 10,000 10,000
Grand Island Regular Meeting - 8/13/2014 Page 41 / 52
SOUTHPOINTE HOTEL-18
Property Taxes 85,341 90,000 87,104 90,000 90,000 90,000
Interest Income -
TOTAL SOUTHPOINTE HOTEL 85,341 90,000 87,104 90,000 90,000 90,000
TODD ENCK-19
Property Taxes 6,059 2,500 6,169 3,200 6,000 6,000
Interest Income -
TOTAL TC ENCK 6,059 2,500 6,169 3,200 6,000 6,000
SKAGWAY - 20
Property Taxes - 55,000 9,767 55,000 40,000 750,000
Interest Income -
TOTAL SKAGWAY - 20 - 55,000 9,767 55,000 40,000 750,000
JOHN SCHULTE CONSTRUCTION-21
Property Taxes 4,449 6,000 5,088 6,000 5,900 6,000
Interest Income -
TOTAL JOHN SCHULTE CONSTRUCTION 4,449 6,000 5,088 6,000 5,900 6,000
PHARMACY PROPERTIES INC-22
Property Taxes 10,363 11,000 10,551 11,000 10,700 11,000
Interest Income -
TOTAL PHARMACY PROPERTIES INC 10,363 11,000 10,551 11,000 10,700 11,000
KEN-RAY LLC-23
Property Taxes - 34,000 38,919 34,000 34,000 34,000
Interest Income -
TOTAL KEN-RAY LLC - 34,000 38,919 34,000 34,000 34,000
COUNTY FUND #8598
Property Taxes - - 2,864 - 1,458 1,458
Interest Income -
TOTAL COUNTY FUND #8598 - - 2,864 - 1,458 1,458
ARNOLD WENN-Duplex 13th & Huston-NEW 2013-2014
Property Taxes - - - 3,000 3000
Interest Income -
TOTAL ARNOLD WENN - - - 3,000 - 3,000
TOKEN PROPERTIES LLC -Duplex N Ruby-NEW 2013-2014
Property Taxes - - 3,000 3,000 3,000
Interest Income -
TOTAL TOKEN PROPERTIES LLC - - - 3,000 3,000 3,000
STRATFORD PLAZA-HOWARD JOHNSON-NEW 2013-2014
Property Taxes - - 15,000 23,086 35,000
Interest Income -
TOTAL STRATFORD PLAZA - - - 15,000 23,086 35,000
EIG GRAND ISLAND LLC-STATE STREET-NEW 2013-2014
Property Taxes - - 40,000 40,000
Interest Income -
TOTAL EIG GRAND ISLAND LLC - - - 40,000 - 40,000
BAKER DEVELOPMENT -NEW 2013-2014
Property Taxes - - 3,000 3,000 3,000
Interest Income -
TOTAL BAKER DEVELOPMENT - - - 3,000 3,000 3,000
TOKEN PROPERTIES LLC (CAREY ST) -NEW 2013-2014
Property Taxes - - 3,000 3,000
Interest Income -
TOTAL TOKEN PROPERTIES LLC(CAREY ST) - - - 3,000 - 3,000
GORDMAN GRAND ISLAND LLC -NEW 2013-2014
Property Taxes - - 40,000 40,000
Interest Income -
TOTAL GORDMAN GRAND ISLAND LLC - - - 40,000 - 40,000
Grand Island Regular Meeting - 8/13/2014 Page 42 / 52
TOKEN PROPERTIES LLC (KIMBALL ST)-NEW 2013-2014
Property Taxes - - 3,000 3,000
Interest Income -
TOTAL TOKEN PROPERTIES LLC (KIMBALL ST) - - - 3,000 - 3,000
AUTO GROUP -PINE ST & S LOCUST -NEW 2013-2014
Property Taxes - - - 10,000 10,000
Interest Income - -
TOTAL AUTO GROUP - - - 10,000 - 10,000
HABITAT (ST PAUL RD)-NEW 2013-2014
Property Taxes - - - 6,000 6,000
Interest Income - -
TOTAL HABITAT - - - 6,000 - 6,000
CHIEF FABRICATION(ADAMS ST)-NEW 2013-2014
Property Taxes - - - 40,000 40,000
Interest Income - -
TOTAL CHIEF FABRICATION - - - 40,000 - 40,000
PRIDON LLC-NEW 2013-2014
Property Taxes - - - -
Interest Income - -
TOTAL PRIDON LLC - - - - - -
COPPER CREEK-NEW 2013-2014
Property Taxes - - - 54,000 54,000
Interest Income - -
TOTAL COPPER CREEK - - - 54,000 - 54,000
TOTAL REVENUE 1,052,768 3,020,453 2,900,404 1,426,508 1,131,952 2,236,211
EXPENSES EXPENSES
CRA
GENERAL OPERATIONS: 01
Auditing & Accounting 4,025 5,000 16,075 5,000 5,000 5,000
Legal Services 2,187 3,000 1,410 3,000 2,000 3,000
Consulting Services - 10,000 - 10,000 5,000 5,000
Contract Services 44,428 55,000 50,960 65,000 50,000 65,000
Printing & Binding - 1,000 - 1,000 - 1,000
Other Professional Services 7,599 5,000 7,210 5,000 - 5,000
General Liability Insurance - 250 - 250 - 250
Postage 328 200 336 200 200 200
Legal Notices 1,979 2,500 1,693 2,500 2,000 2,500
Licenses & Fees - - -
Travel & Training 161 1,000 - 1,000 - 1,000
Other Expenditures 796 - - -
Office Supplies - 300 123 300 100 300
Supplies - 300 - 300 100 300
Land - 20,000 - 80,000 - 200,000
- - -
DEBT - - -
Bond Payments/Fees 207,859 525 207,859
Lincoln Pool Principal Bond Payment - 170,000 170,000 175,000
Lincoln Pool Interest Bond Payment 15,105 23,828 23,828 23,050
Payment to City-Lincoln Pool engineering fees - - -
PROJECTS: 05 - -
Façade Improvement 1,146,639 120,000 482,361 200,000 130,000 200,000
Lincoln Pool Construction From Bond Proceeds 180,658 1,800,000 1,699,883
Life Safety Reimbursment Grant - - - 200,000
Outstanding Façade Improvement Grants 318,000 - 118,000
Railroad Horns - - -
Other Committed Projects 134,000 - 40,000 40,000 98,000
Other Projects 50,000 - 265,000 100,000 175,000
Property Taxes BID Fees 11,000 - 11,000 11,000 11,000
Property Management - - - - -
TOTAL CRA OPERATING EXPENSES 1,388,800 2,744,409 2,275,681 1,091,237 539,228 1,288,600
Grand Island Regular Meeting - 8/13/2014 Page 43 / 52
GILI TRUST-07
Bond Principal 33,066 - - - - -
Bond Interest 1,325 - - - - -
Other Expenditures -
TOTAL GILI EXPENSES 34,390 - - - - -
CHERRY PARK LTD II-08
Bond Principal 49,894 53,831 53,831 28,486 29,496 -
Bond Interest 9,286 5,349 5,349 1,102 - -
Other Expenditures - - - - 47,373 -
TOTAL CHERRY PARK EXPENSES 59,180 59,180 59,180 29,588 76,869 -
GENTLE DENTAL-09
Bond Principal 2,745 2,986 2,937 3,195 3,195 -
Bond Interest 1,457 1,216 1,265 1,007 1,007 -
TOTAL GENTLE DENTAL 4,202 4,202 4,202 4,202 4,202 -
PROCON TIF-10
Bond Principal 11,641 12,467 12,467 13,355 13,355 13,355
Bond Interest 7,521 6,695 6,695 5,807 5,807 5,807
TOTAL PROCON TIF 19,162 19,162 19,162 19,162 19,162 19,162
WALNUT HOUSING PROJECT-11
Other Expenditures
Bond Principal 43,096 46,051 46,051 49,209 49,209 49,209
Bond Interest 31,376 28,421 28,421 25,263 25,263 25,263
TOTAL WALNUT HOUSING PROJECT 74,472 74,472 74,472 74,472 74,472 74,472
BRUNS PET GROOMING-12
Bond Principal 19,667 13,500 7,054 13,500 13,500 13,500
Bond Interest -
TOTAL BRUNS PET GROOMING 19,667 13,500 7,054 13,500 13,500 13,500
GIRARD VET CLINIC-13
Bond Principal 18,736 14,500 9,883 14,500 11,000 14,500
Bond Interest -
TOTAL GIRARD VET CLINIC 18,736 14,500 9,883 14,500 11,000 14,500
GEDDES ST APTS - PROCON-14
Bond Principal 41,923 30,000 28,045 30,000 30,000 30,000
Bond Interest -
TOTAL GEDDES ST APTS - PROCON 41,923 30,000 28,045 30,000 30,000 30,000
SOUTHEAST CROSSINGS-15
Bond Principal 12,616 12,000 12,856 12,000 15,000 15,000
Bond Interest -
TOTAL SOUTHEAST CROSSINGS 12,616 12,000 12,856 12,000 15,000 15,000
POPLAR STREET WATER-16
Auditing & Accounting -
Contract Services -
Bond Principal 2,052 2,500 8,154 2,500 6,000 6,000
Bond Interest -
TOTAL POPLAR STREET WATER 2,052 2,500 8,154 2,500 6,000 6,000
CASEY'S FIVE POINTS-17
Bond Principal 8,670 10,000 13,276 10,000 10,000 10,000
Bond Interest -
TOTAL CASEY'S FIVE POINTS 8,670 10,000 13,276 10,000 10,000 10,000
SOUTHPOINTE HOTEL-18
Bond Principal 85,341 90,000 87,104 90,000 90,000 90,000
Bond Interest -
TOTAL SOUTHPOINTE HOTEL 85,341 90,000 87,104 90,000 90,000 90,000
TODD ENCK PROJECT - 19
Bond Principal 6,059 2,500 6,169 3,200 6,000 6,000
Bond Interest -
TOTAL TODD ENCK PROJECT 6,059 2,500 6,169 3,200 6,000 6,000
Grand Island Regular Meeting - 8/13/2014 Page 44 / 52
SKAGWAY - 20
Auditing & Accounting -
Bond Principal - 55,000 9,767 55,000 40,000 750,000
Bond Interest -
TOTAL SKAGWAY - 55,000 9,767 55,000 40,000 750,000
JOHN SCHULTE CONSTRUCTION-21
Bond Principal 4,449 6,000 5,088 6,000 5,900 6,000
Bond Interest -
TOTAL JOHN SCHULTE CONSTRUCTION 4,449 6,000 5,088 6,000 5,900 6,000
PHARMACY PROPERTIES INC-22
Bond Principal 10,363 11,000 10,551 11,000 10,700 11,000
Bond Interest -
TOTAL PHARMACY PROPERTIES INC 10,363 11,000 10,551 11,000 10,700 11,000
KEN-RAY LLC-23
Bond Principal - 34,000 38,919 34,000 34,000 34,000
Bond Interest -
TOTAL KEN-RAY LLC - 34,000 38,919 34,000 34,000 34,000
COUNTY FUND #8598
Bond Principal - 2,864 - 1,458 1,458
Bond Interest -
TOTAL COUNTY FUND #8598 - - 2,864 - 1,458 1,458
ARNOLD WENN-Duplex 13th & Huston-NEW 2013-2014
Bond Principal - 3,000 0 3,000
Bond Interest -
TOTAL ARNOLD WENN - - 3,000 - 3,000
TOKEN PROPERTIES LLC-Duplex N Ruby-NEW 2013-2014
Bond Principal - 3,000 3,000 3,000
Bond Interest -
TOTAL TOKEN PROPERTIES LLC - - 3,000 3,000 3,000
STRATFORD PLAZA LLC (HOWARD JOHNSONS)- New 2013-2014
Bond Principal - 15,000 23,086 35,000
Bond Interest -
TOTAL STRATFORD PLAZA - - 15,000 23,086 35,000
EIG GRAND ISLAND LLC-STATE ST - New 2013-2014
Bond Principal - 40,000 40,000
Bond Interest -
TOTAL EIG GRAND ISLAND LLC - - 40,000 - 40,000
BAKER DEVELOPMENT - New 2013-2014
Bond Principal - 3,000 3,000 3,000
Bond Interest -
TOTAL BAKER DEVELOPMENT - - 3,000 3,000 3,000
TOKEN PROPERTIES LLC (CAREY ST) - New 2013-2014
Bond Principal - 3,000 - 3,000
Bond Interest -
TOTAL TOKEN PROPERTIES LLC - - 3,000 - 3,000
GORDMAN GRAND ISLAND - New 2013-2014
Bond Principal - 40,000 40,000
Bond Interest -
TOTAL GORDMAN GRAND ISLAND - - 40,000 - 40,000
TOKEN PROPERTIES LLC(KIMBALL ST) - New 2013-2014
Bond Principal - 3,000 - 3,000
Bond Interest -
TOTAL TOKEN PROPERTIES LLC - - 3,000 - 3,000
AUTO GROUP -PINE ST & LOCUST - New 2013-2014
Bond Principal - 10,000 - 10,000
Bond Interest -
TOTAL AUTO GROUP - - 10,000 - 10,000
Grand Island Regular Meeting - 8/13/2014 Page 45 / 52
HABITAT (ST PAUL RD) - New 2013-2014
Bond Principal - 6,000 - 6,000
Bond Interest -
TOTAL HABITAT - - 6,000 - 6,000
CHIEF FABRICATION -ADAMS ST - New 2013-2014
Bond Principal - 40,000 - 40,000
Bond Interest -
TOTAL CHIEF FABRICATION - - 40,000 - 40,000
PRIDON LLC - New 2013-2014
Bond Principal - -
Bond Interest -
TOTAL PRIDON LLC - - - - -
COPPER CREEK - New 2013-2014
Bond Principal - -
Bond Interest - 54,000 54,000
TOTAL COPPER CREEK - - 54,000 - 54,000
Habitat (8th and Superior)
Bond Principal - -
Bond Interest -
TOTAL BLANK TIF - - - - -
Mainstay Suites - New 2013-2014
Bond Principal - -
Bond Interest -
TOTAL BLANK TIF - - - - -
Tower 217 - New 2013-2014
Bond Principal -
Bond Interest -
TOTAL BLANK TIF - - - - -
Blank TIFF - New 2013-2014
Bond Principal - -
Bond Interest -
TOTAL BLANK TIF - - - - -
TOTAL EXPENSES 1,790,082 3,182,425 2,672,427 1,720,360 1,016,577 2,609,692
Grand Island Regular Meeting - 8/13/2014 Page 46 / 52
2574553789
2638917634
686118.5848
$ 488,068.58
Grand Island Regular Meeting - 8/13/2014 Page 47 / 52
COMMUNITY REDEVELOPMENT AUTHORITY
GRAND ISLAND, NEBRASKA
RESOLUTION #181
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 2014-2015 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 13, 2014, the members of the Community Redevelopment Authority of
the City of Grand Island considered its budget for fiscal year 2014-2015 and determined that a request
for personal and real property tax in the amount of $686,119 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 2014-2015 levy
allocation which will provide $686,119 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 13th day of August, 2014.
COMMUNITY REDEVELOPMENT AUTHORITY OF
THE CITY OF GRAND ISLAND, NEBRASKA
By:_________________________________
Chair
ATTEST:
_____________________________
Director
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Community Redevelopment
Authority (CRA)
Wednesday, August 13, 2014
Regular Meeting
Item X1
Declaration of 2228 N Webb Rd
Staff Contact: Chad Nabity
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RESOLUTION NO. 180
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA,
DESCRIBING AND DECLARING CERTAIN REAL PROPERTY WITHIN
A COMMUNITY REDEVELOPMENT AREA AS AN ENHANCED
EMPLOYMENT AREA AND DESIGNATING SUCH REAL PROPERTY
AS ELIGIBLE FOR THE IMPOSITION OF AN OCCUPATION TAX
PURSUANT TO THE COMMUNITY DEVELOPMENT LAW, CHAPTER
18, ARTICLE 21, REISSUE REVISED STATUTES OF NEBRASKA, AS
AMENDED
WHEREAS, the City of Grand Island, Nebraska (the “City”) has determined it
necessary, desirable, advisable, and in the best interests of the City to undertake and
carry out redevelopment projects in certain areas of the City that are determined to be
blighted and substandard and in need of redevelopment; and
WHEREAS, the Community Development Law, Chapter 18, Article 21, Reissue
Revised Statutes of Nebraska, as amended (the “Act”), prescribes the requirements
and procedures for designating areas of the City as blighted and substandard under the
Act, which areas are designated by the Act as community redevelopment areas (herein
the “Redevelopment Area”); and
WHEREAS, the City has, by its ordinance created the Community
Redevelopment Authority of the City of Grand Island (the “Authority”); and
WHEREAS, Section 18-2103(22) of the Act provides that the Authority may
designate a portion of a Redevelopment Area as an “enhanced employment area”
eligible for the imposition of an occupation tax for the purposes set forth in Section 18-
2142.02 and 18-2142.04 of the Act.
WHEREAS, on April 24, 2012 at 7:00 p.m., the Mayor and Council of the City
held a public hearing in the Council Room at the Grand Island City Hall in the City, all in
accordance with the requirements of the Act and by Resolution No 2012-114 did find
and determine that certain area more fully described below (the “Redevelopment
Area”) be declared blighted and substandard and in need of redevelopment as required
by the Act; and
WHEREAS, the owners of the Redevelopment Area have requested that the
Authority designate the Redevelopment Area as an “enhanced employment area’
pursuant to Section 18-2103(22) of the Act and determine the same to be eligible for the
imposition of an occupation tax pursuant to said Section; and
WHEREAS, the Authority desires to determine that the Redevelopment Area is
an “enhanced employment area” as defined in the Act and eligible for imposition on an
occupation tax in accordance with the Act.
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NOW THEREFORE, BE IT RESOLVED BY THE CHAIRMAN AND MEMBERS
OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND
ISLAND, NEBRASKA AS FOLLOWS:
Section 1. The Redevelopment Area is hereby declared to be an “enhanced
employment area” as described in Section 18-2103(22) of the Act and is hereby
designated as an area eligible for the imposition of an occupation tax for the purposes
set forth in Sections 18-2142.02 and 18-2142.04 of the Act. The Redevelopment Area
is more particularly described as follows, to wit:
A tract of land comprising all of Lot Ten (10), Grand Island Mall Eighth Subdivision and
all of Lot Two (2), Grand Island Mall Fifteenth Subdivision, all in the City of Grand
Island, Hall County, Nebraska, and containing 16.428 acres more or less.
EXCEPTING THEREFROM
A tract of land comprising a part of Lot Ten (10), Grand Island Mall Eighth Subdivision
and a part of Lot Two (2), Grand Island Mall Fifteenth Subdivision, all in the City of
Grand Island, Hall County, Nebraska, and more particularly described as follows:
Beginning at the northwest corner of said Lot Ten (10); thence running easterly on the
north line of said Lots Ten (10), on an Assumed Bearing of N8947’33”E, a distance of
Two Hundred Thirty Five (235.00) feet, to the Actual Point of Beginning; thence
continuing N8947’33”E, on the north line of said Lot Ten (10) and said Lot Two (2), a
distance of Two Hundred Fifty Three and Fifty Hundredths (253.50) feet; thence running
S0012’27”E, a distance of Two Hundred Six (206.00) feet; thence running
S8947’33”W, a distance of Two Hundred Fifty Three and Fifty Hundredths (253.50)
feet; thence running N0012’27”W, a distance of Two Hundred Six (206.00) feet, to the
Actual Point Of Beginning and containing 1.672 acres more or less. Net 14.756 acres
more or less.
Section 2. This Resolution shall take effect as provided by law.
DATED: August 13, 2014.
COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF GRAND
ISLAND, NEBRASKA
By: ________________________
Chairman
ATTEST:
_____________________
Secretary
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