07-29-2015 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, July 29, 2015
Regular Meeting Packet
Board Members:
Tom Gdowski
Glen Murray
Sue Pirnie
Barry Sandstrom
Glenn Wilson
7:45 AM
City Hall
100 E 1st Street
Grand Island Regular Meeting - 7/29/2015 Page 1 / 16
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 - 7/29/2015 Page 2 / 16
Community Redevelopment
Authority (CRA)
Wednesday, July 29, 2015
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 7/29/2015 Page 3 / 16
AGENDA
Wednesday, July 29, 2015
7:45 a.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 8, 2015 Meeting.
3.Budget.
4.Directors Report.
5.Adjournment
Next Meeting August 12, 2015
The CRA may go into closed session for any agenda item as allowed by state law.
Grand Island Regular Meeting - 7/29/2015 Page 4 / 16
Community Redevelopment
Authority (CRA)
Wednesday, July 29, 2015
Regular Meeting
Item B1
Meeting Minutes
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 7/29/2015 Page 5 / 16
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
July 8, 2015
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 8, 2015 at City Hall 100 E First Street. Notice of the meeting was given
in the July 1, 2015 Grand Island Independent.
1.CALL TO ORDER. Vice Chairman Tom Gdowski called the meeting to
order at 4:00 p.m. The following members were present: Sue Pirnie, Glen
Murray, and Glenn Wilson. Also present were; Director, Chad Nabity;
Planning Secretary, Rose Rhoads; City Administrator, Sr. Accountant, Billy
Clingman, Tom Ziller, Christi DePoorter and Tom Pirnie.
Gdowski 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
10, 2015 meeting was made by Wilson and seconded by Murray. 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, 2015 through June 30, 2015. Motion was
made by Murray and seconded by Pirnie to approve the financial reports.
Upon roll call vote all present voted aye. Motion carried unanimously.
4. APPROVAL OF BILLS. The bills were reviewed. A motion was made by
Murrary and seconded by Wilson to approve the bills in the amount of
$913.50. Upon roll call vote all present voted aye. Motion carried
unanimously to approve the payment of bills totaling $$913.50.
5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY.
Nabity reviewed the Committed Projects. J. Elizabeth LLC is moving
forward with their façade, Amos thought completion would be in August.
Ryan Waind should be nearing completion this summer. Downtown
Kaufman-Cummings Plaza is ongoing with a scheduled competition date in
September.
6. GRANT REQUEST – Grant request from Downtown Grand Island
Business Improvement District (BID) in the amount of $10,000 needed for
Grand Island Regular Meeting - 7/29/2015 Page 6 / 16
tenant improvements at 224 W 3rd Street. The Downtown BID is looking to
establish a new office location that would be a great asset for the BID and
the downtown. Currently the BID has an office located at 404 W 3rd Street.
Motion was made by Murray and seconded by Pirnie to approve the grant
request. Upon roll call vote all present voted aye. Motion carried
unanimously
7. CONSIDERATION OF REDEVELOPMENT CONTRACT. T & S Land
Development, LLC, (the “Developer”) has proposed to redevelop an area
within the city limits of the City of Grand Island at 312 W 3rd Street. The
CRA passed resolution 195 notifying City Council of their intent to enter into
a redevelopment contract at their meeting on May 13, 2015. The Hall
County Regional Planning Commission met on June 10, 2015, and passed
Resolution 2015-04 finding that this plan amendment is consistent with the
comprehensive development plan for the City of Grand Island. The Grand
Island City Council passed Resolution 2015-164 at their meeting on June
23, 2015. A Motion was made by Wilson and seconded by Murray to
approve the Resolution No. 199. Upon roll call vote and Gdowski, Murray
and Wilson voted aye and Pirnie abstained. Motion carried unanimously
8. DISSCUSSION CONCERNING PURCHASE/SALE OF REAL ESTATE.
9.DIRECTORS REPORT.
10.ADJOURNMENT. Gdowski adjourned the meeting at 4:25 p.m.
The next meeting is scheduled for July 29, 2015.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 7/29/2015 Page 7 / 16
Community Redevelopment
Authority (CRA)
Wednesday, July 29, 2015
Regular Meeting
Item K1
Budget
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 7/29/2015 Page 8 / 16
July 21, 2015
From: Chad Nabity, AICP Director
To:CRA Board
Re: 2015-2016 Budget
Enclosed you will find the 2015-2016 CRA Budget.
The 2015-2016 CRA Budget is presented with projected revenue from taxes of $732,050
the levy from last year is being retained and includes about $534,000 for CRA purposes
including grants, façade improvements, committed projects and staffing as well as
$198,050 for Lincoln Park Pool. This budget does project $100,000 of revenue for
property sales during the upcoming year but has enough flexibility to accomplish all of
budgeted activities without this occurrence.
The budget includes $350,000 for façade improvement. I am anticipating some
significant requests on a couple of different projects. I am suggesting we budget
$200,000 for property acquisitions, the same amount that we budgeted this past year.
This budget also includes $200,000 for downtown life safety improvements along with a
carryover of $85,000 of funds that have not yet been designated for this year. This
program was intended to run for 5 years with $100,000 contributed annually from both
the CRA and the City. I am suggesting that we put $450,000 in the other projects line.
This money could be shifted to property purchase, grants or façade improvements
depending on the need. Budgeting money in other projects makes it possible for the CRA
to consider projects like heating the sheep barn at Fonner Park or helping pay for the
demolition of the Aurora Coop buildings. This is the first look you have had at the
budget and I appreciate your attention to it.
We did change the line item for Building Improvement to Committed Projects Carryover
to more accurately describe what this line contains. I am anticipating that we will payout
$455,000 of committed projects during this fiscal year and $368,000 during the next year.
Please let me know if you have any additional feedback on the budget as presented.
Grand Island Regular Meeting - 7/29/2015 Page 9 / 16
COMMUNITY REDEVELOPMENT AUTHORITY
2016 Budget
2014-2015 2015 REMAINING % OF BUDGET 2015 2016
YEAR TO DATE BUDGET BALANCE USED Projected Budget
CONSOLIDATED
Beginning Cash 744,615 924,148
REVENUE:
Property Taxes - CRA 303,917 493,195 189,278 61.62% 493,000 494,000
Property Taxes - Lincoln Pool 110,037 198,050 88,013 55.56% 198,000 198,050
Property Taxes -TIF's 242,417 1,321,092 1,074,596 18.35% 1,273,527 882,800
Interest Income - CRA 76 1,000 924 7.59% 200 300
Interest Income - TIF'S 3 - - - -
Land Sales - 100,000 100,000 0.00% 10,000 100,000
Other Revenue - CRA 11,313 128,000 116,687 8.84% 120,000 130,000
Other Revenue - TIF's - - - - -
TOTAL REVENUE 667,762 2,241,337 1,569,499 29.79% 2,094,727 1,805,150
TOTAL RESOURCES 667,762 2,241,337 1,569,499 2,839,342 2,729,298
EXPENSES
Auditing & Accounting 4,339 5,000 661 86.79% 440 5,000
Legal Services 750 3,000 2,250 25.00% 1,500 3,000
Consulting Services - 5,000 5,000 0.00% - 5,000
Contract Services 32,646 65,000 32,354 50.22% 50,000 65,000
Printing & Binding - 1,000 1,000 0.00% - 1,000
Other Professional Services 8,279 16,000 7,721 51.74% 16,000 16,000
General Liability Insurance - 250 250 0.00% 250 250
Postage 219 200 -109.70% 350 350
Life Safety - 200,000 200,000 - 285,000
Legal Notices 126 2,500 2,374 5.04% 1,800 2,000
Licenses & Fees 525 - - - -
Travel & Training - 1,000 1,000 0.00% - 1,000
Other Expenditures - - - - -
Office Supplies 366 300 -121.95% 400 400
Supplies - 300 300 0.00% - 300
Land - 200,000 200,000 0.00% 80,015 200,000
Bond Principal - Lincoln Pool 175,000 175,000 -100.00% - -
Bond Interest 23,050 23,050 - - -
Façade Improvement - 200,000 200,000 0.00% - 300,000
Building Improvement Committed Projects Carryover 183,629 216,000 32,371 85.01% 445,419 368,972
Blank Project - - - - -
Other Projects - 175,000 175,000 0.00% 50,000 450,000
Bond Principal-TIF's 91,178 1,290,022 1,130,505 7.07% 1,237,817 846,409
Bond Interest-TIF's 2,971 31,070 28,519 31,203 31,203
Interest Expense - - - - -
TOTAL EXPENSES 523,078 2,609,692 2,019,304 20.04% 1,915,194 2,580,884
INCREASE(DECREASE) IN CASH 144,684 (368,355) (449,805) 0 179,533 (775,734)
ENDING CASH 144,684 (368,355) (449,805) 0 924,148 148,414
CRA CASH
Lincoln Pool Tax Income Balance
TIF CASH
Total Cash
Grand Island Regular Meeting - 7/29/2015 Page 10 / 16
COMMUNITY REDEVELOPMENT AUTHORITY
2016 Budget
2014-2015 2015 REMAINING % OF BUDGET 2015 2016
YEAR TO DATE BUDGET BALANCE USED Projected Budget
CRA
GENERAL OPERATIONS:
Property Taxes - CRA 303,917 493,195 189,278 61.62% 493,000 494,000
Property Taxes - Lincoln Pool 110,037 198,050 88,013 55.56% 198,000 198,050
Interest Income 76 1,000 924 7.59% 200 300
Land Sales - 100,000 100,000 0.00% 10,000 100,000
Other Revenue & Motor Vehicle Tax 11,313 128,000 116,687 8.84% 120,000 130,000
TOTAL 425,342 920,245 494,903 46.22% 821,200 922,350
GENTLE DENTAL
Property Taxes 153 - - 4,000 4,000
Interest Income 2 - -
TOTAL 154 - - 4,000 4,000
PROCON TIF
Property Taxes 14,868 19,162 4,294 77.59% 23,019 24,000
Interest Income 1 - -
TOTAL 14,868 19,162 4,294 77.59% 23,019 24,000
WALNUT HOUSING PROJECT
Property Taxes 34,592 74,472 39,880 46.45% 75,000 75,000
Interest Income 1 -
TOTAL 34,593 74,472 39,880 46.45% 75,000 75,000
BRUNS PET GROOMING
Property Taxes 439 13,500 13,061 3.25% 13,800 14,500
TOTAL 439 13,500 13,061 3.25% 13,800 14,500
GIRARD VET CLINIC
Property Taxes 318 14,500 14,182 2.19% 14,500 14,500
TOTAL 318 14,500 14,182 2.19% 14,500 14,500
GEDDES ST APTS-PROCON
Property Taxes 901 30,000 29,099 3.00% 30,000 30,000
TOTAL 901 30,000 29,099 3.00% 30,000 30,000
SOUTHEAST CROSSING
Property Taxes 8,980 15,000 6,020 59.87% 18,000 18,000
TOTAL 8,980 15,000 6,020 59.87% 18,000 18,000
Poplar Street Water
Property Taxes 4,658 6,000 1,342 77.63% 12,000 12,000
TOTAL 4,658 6,000 1,342 77.63% 12,000 12,000
CASEY'S @ FIVE POINTS
Property Taxes 289 10,000 9,711 2.89% 10,000 10,000
TOTAL 289 10,000 9,711 2.89% 10,000 10,000
SOUTH POINTE HOTEL PROJECT
Property Taxes 45,738 90,000 44,262 50.82% 92,000 91,000
TOTAL 45,738 90,000 44,262 50.82% 92,000 91,000
TODD ENCK PROJECT
Grand Island Regular Meeting - 7/29/2015 Page 11 / 16
COMMUNITY REDEVELOPMENT AUTHORITY
2016 Budget
2014-2015 2015 REMAINING % OF BUDGET 2015 2016
YEAR TO DATE BUDGET BALANCE USED Projected Budget
Property Taxes 3,140 6,000 2,860 52.33% 6,300 6,300
TOTAL 3,140 6,000 2,860 52.33% 6,300 6,300
SKAGWAY
Property Taxes 20,399 750,000 729,601 2.72% 760,258 -
TOTAL 20,399 750,000 729,601 2.72% 760,258 -
JOHN SCHULTE CONSTRUCTION
Property Taxes 163 6,000 5,837 2.72% 6,000 6,000
TOTAL 163 6,000 5,837 2.72% 6,000 6,000
PHARMACY PROPERTIES INC
Property Taxes 5,540 11,000 5,460 50.37% 11,100 11,100
TOTAL 5,540 11,000 5,460 50.37% 11,100 11,100
KEN-RAY LLC
Property Taxes 37,418 34,000 -110.05% 38,000 45,000
TOTAL 37,418 34,000 -110.05% 38,000 45,000
COUNTY FUND 8598
Property Taxes 1,504 1,458 -0.00% 3,000 3,000
TOTAL 1,504 1,458 -0.00% 3,000 3,000
GORDMAN GRAND ISLAND
Property Taxes 4,227 40,000 35,773 0.00% 10,000 40,000
TOTAL 4,227 40,000 35,773 0.00% 10,000 40,000
BAKER DEVELOPMENT INC
Property Taxes 291 3,000 2,709 0.00% 3,300 3,300
TOTAL 291 3,000 2,709 0.00% 3,300 3,300
STRATFORD PLAZA INC
Property Taxes 12,641 35,000 22,359 0.00% 35,000 35,000
TOTAL 12,641 35,000 22,359 0.00% 35,000 35,000
COPPER CREEK
Property Taxes 14,662 - -0.00% 30,000 120,000
TOTAL 14,662 - -0.00% 30,000 120,000
FUTURE TIF'S
Property Taxes - 162,000 162,000 0.00% 200,000
TOTAL - 162,000 162,000 - 200,000
CHIEF INDUSTRIES AURORA COOP
Property Taxes 3,010 - (3,010) 6,000 20,000
TOTAL 3,010 - (3,010) 6,000 20,000
TOKEN PROPERTIES KIMBALL ST
Property Taxes 10 - (10) 450 3,000
TOTAL 10 - (10) 450 3,000
GI HABITAT OF HUMANITY
Property Taxes 92 - (92) 3,000 8,000
Grand Island Regular Meeting - 7/29/2015 Page 12 / 16
COMMUNITY REDEVELOPMENT AUTHORITY
2016 Budget
2014-2015 2015 REMAINING % OF BUDGET 2015 2016
YEAR TO DATE BUDGET BALANCE USED Projected Budget
TOTAL 92 - (92) 3,000 8,000
AUTO ONE INC
Property Taxes 249 - (249) 8,100 12,000
TOTAL 249 - (249) 8,100 12,000
EIG GRAND ISLAND
Property Taxes 27,969 - (27,969) 56,000 70,000
TOTAL 27,969 - (27,969) 56,000 70,000
TOKEN PROPERTIES CARY ST
Property Taxes 114 - (114) 3,700 3,800
TOTAL 114 - (114) 3,700 3,800
WENN HOUSING PROJECT
Property Taxes 54 - (54) 1,000 3,300
TOTAL 54 - (54) 1,000 3,300
TOTAL REVENUE 667,762 2,241,337 1,569,499 29.79% 2,059,727 1,770,150
- -
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting 4,339 5,000 661 86.79% 440 5,000
Legal Services 750 3,000 2,250 25.00% 1,500 3,000
Consulting Services - 5,000 5,000 0.00% - 5,000
Contract Services 32,646 65,000 32,354 50.22% 50,000 65,000
Printing & Binding - 1,000 1,000 0.00% - 1,000
Other Professional Services 8,279 16,000 7,721 51.74% 16,000 16,000
General Liability Insurance - 250 250 0.00% 250 250
Postage 219 200 -109.70% 350 350
Lifesafety Grant - 200,000 200,000 0.00% - 285,000
Legal Notices 126 2,500 2,374 5.04% 1,800 2,000
Licenses & Fees 525 - - -
Travel & Training - 1,000 1,000 0.00% - 1,000
Office Supplies 366 300 - 400 300
Supplies - 300 300 0.00% - 300
Land - 200,000 200,000 0.00% 80,015 200,000
Bond Principal - Lincoln Pool 175,000 175,000 -100.00%
Bond Interest - Lincoln Pool 23,050 23,050 -
PROJECTS
Façade Improvement - 200,000 200,000 0.00% - 200,000
Building Improvement Committed Projects Carryover 183,629 216,000 32,371 0.00% 445,419 368,972
Blank Project - -
Other Projects - 175,000 175,000 0.00% 50,000 300,000
TOTAL CRA EXPENSES 428,929 1,288,600 860,281 33.29% 646,174 1,453,172
GENTLE DENTAL
Bond Principal 1,681 - 3,300 3,300
Bond Interest 420 - 840 840
TOTAL GENTLE DENTAL 2,101 - - 4,140 4,140
PROCON TIF
Bond Principal 7,030 13,355 6,325 52.64% 14,100 14,100
Bond Interest 2,551 5,807 3,256 43.93% 5,100 5,100
TOTAL PROCON TIF 9,581 19,162 9,581 50.00% 19,200 19,200
Grand Island Regular Meeting - 7/29/2015 Page 13 / 16
COMMUNITY REDEVELOPMENT AUTHORITY
2016 Budget
2014-2015 2015 REMAINING % OF BUDGET 2015 2016
YEAR TO DATE BUDGET BALANCE USED Projected Budget
WALNUT HOUSING PROJECT
Bond Principal 37,236 49,209 11,973 75.67% 49,209 49,209
Bond Interest - 25,263 25,263 0.00% 25,263 25,263
TOTAL WALNUT HOUSING 37,236 74,472 37,236 50.00% 74,472 74,472
BRUNS PET GROOMING
Bond Principal 220 13,500 13,280 1.63% 13,500 13,500
TOTAL BRUNS PET GROOMING 220 13,500 13,280 1.63% 13,500 13,500
GIRARD VET CLINIC
Bond Principal 159 14,500 14,341 1.10% 14,500 14,500
TOTAL GIRARD VET CLINIC 159 14,500 14,341 1.10% 14,500 14,500
GEDDES ST APTS - PROCON
Bond Principal 451 30,000 29,549 1.50% 30,000 30,000
TOTAL GEDDES ST APTS - PROCON 451 30,000 29,549 1.50% 30,000 30,000
SOUTHEAST CROSSINGS
Bond Principal 2,202 15,000 12,798 14.68% 18,000 18,000
TOTAL SOUTHEAST CROSSINGS 2,202 15,000 12,798 14.68% 18,000 18,000
POPLAR STREET WATER
Bond Principal 3,489 6,000 2,511 58.16% 12,000 12,000
TOTAL POPLAR STREET WATER 3,489 6,000 2,511 58.16% 12,000 12,000
CASEY'S @ FIVE POINTS
Bond Principal 145 10,000 9,855 1.45% 10,000 10,000
TOTAL CASEY'S @ FIVE POINTS 145 10,000 9,855 1.45% 10,000 10,000
SOUTH POINTE HOTEL PROJECT
Bond Principal 1,399 90,000 88,601 1.55% 92,000 92,000
TOTAL SOUTH POINTE HOTEL PROJECT 1,399 90,000 88,601 1.55% 92,000 92,000
TODD ENCK PROJECT
Bond Principal 99 6,000 5,901 1.65% 6,300 6,300
TOTAL TODD ENCK PROJECT 99 6,000 5,901 1.65% 6,300 6,300
SKAGWAY
Bond Principal 322 750,000 749,678 0.04% 760,258 -
TOTAL SKAGWAY 322 750,000 749,678 0.04% 760,258 -
JOHN SCHULTE CONSTRUCTION
Bond Principal 82 6,000 5,918 1.36% 6,000 6,000
TOTAL JOHN SCHULTE CONSTRUCITON 82 6,000 5,918 1.36% 6,000 6,000
PHARMACY PROPERTIES INC
Bond Principal 169 11,000 10,831 1.54% 11,100 11,100
TOTAL PHARMACH PROPERTIES INC 169 11,000 10,831 1.54% 11,100 11,100
KEN-RAY LLC
Bond Principal 590 34,000 33,410 1.74% 38,000 45,000
TOTAL KEN-RAY LLC 590 34,000 33,410 1.74% 38,000 45,000
COUNTY FUND #8598
Bond Principal 46 1,458 1,412 3,000 3,000
TOTAL COUNTY FUND #8598 46 1,458 1,412 3,000 3,000
GORDMAN GRAND ISLAND
Grand Island Regular Meeting - 7/29/2015 Page 14 / 16
COMMUNITY REDEVELOPMENT AUTHORITY
2016 Budget
2014-2015 2015 REMAINING % OF BUDGET 2015 2016
YEAR TO DATE BUDGET BALANCE USED Projected Budget
Bond Principal 4,097 40,000 35,903 10,000 40,000
TOTAL GORDMAN GRAND ISLAND 4,097 40,000 35,903 10,000 40,000
BAKER DEVELOPMENT INC
Bond Principal 237 3,000 2,764 3,300 3,300
TOTAL BAKER DEVELOPMENT INC 237 3,000 2,764 3,300 3,300
STRATFORD PLAZA LLC
Bond Principal 387 35,000 34,613 35,000 35,000
TOTAL STRATFORD PLAZA LLC 387 35,000 34,613 35,000 35,000
COPPER CREEK
Bond Principal 3,259 - - 30,000 120,000
TOTAL COPPER CREEK 3,259 - - 30,000 120,000
CHIEF INDUSTRIES AURORA COOP
Bond Principal 92 (92) 6,000 20,000
TOTAL CHIEF IND AURORA COOP 92 (92) 6,000 20,000
TOKEN PROPERTIES KIMBALL STREET
Bond Principal 5 (5) 450 3,000
TOTAL TOKEN PROPERTIES KIMBALL ST 5 (5) 450 3,000
GI HABITAT FOR HUMANITY
Bond Principal 46 (46) 3,000 8,000
TOTAL BLANK 46 (46) 3,000 8,000
AUTO ONE INC
Bond Principal 124 (124) 8,100 12,000
TOTAL AUTO ONE INC 124 (124) 8,100 12,000
EIG GRAND ISLAND
Bond Principal 27,528 (27,528) 56,000 70,000
TOTAL BLANK 27,528 (27,528) 56,000 70,000
TOKEN PROPERTIES CARY STREET
Bond Principal 57 (57) 3,700 3,800
TOTAL TOKEN PROPERTIES CARY ST 57 (57) 3,700 3,800
WENN HOUSING PROJECT
Bond Principal 27 (27) 1,000 3,300
TOTAL WENN HOUSING PROJECT 27 (27) 1,000 3,300
FUTURE TIF'S
Bond Principal - 162,000 162,000 200,000
Bond Interest - -
Auditing & Accounting - -
TOTAL FUTURE TIF'S - 162,000 162,000 - 200,000
TOTAL EXPENSES 523,078 2,609,692 2,092,584 1,915,194 2,330,784
- -
Grand Island Regular Meeting - 7/29/2015 Page 15 / 16
COMMUNITY REDEVELOPMENT AUTHORITY
GRAND ISLAND, NEBRASKA
RESOLUTION NO. 200
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 2015-2016 AS AUTHORIZED BY NE. REV. STATUTES 77-3443, AS
AMENDED.
WHEREAS, the Mayor and City Council of the City of Grand Island, Nebraska (the “City”), by
its Ordinance passed and adopted June 27, 1994, created the Community Redevelopment Authority of
the City of Grand Island, Nebraska, pursuant to Sections 18-2101 through 18-2153 of the Nebraska
Community Development Law; Reissue Revised Statutes of Nebraska, as amended (the “Act”);
WHEREAS, on July 29, 2015, the members of the Community Redevelopment Authority of the
City of Grand Island considered its budget for fiscal year 2015-2016 and determined that a request for
personal and real property tax in the amount of $732,050 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 2015-2016 levy
allocation which will provide $732.050 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 29th day of July, 2015.
COMMUNITY REDEVELOPMENT AUTHORITY OF
THE CITY OF GRAND ISLAND, NEBRASKA
By:_________________________________
Chair
ATTEST:
_____________________________
Director
Grand Island Regular Meeting - 7/29/2015 Page 16 / 16