10-12-2016 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting Packet
Board Members:
Tom Gdowski - Chairman
Glen Murray – Vice Chairman
Sue Pirnie
Glenn Wilson
Krae Dutoit
4:00 PM
Grand Island Regular Meeting - 10/12/2016 Page 1 / 49
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 - 10/12/2016 Page 2 / 49
Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item A1
Agenda
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 10/12/2016 Page 3 / 49
AGENDA
Wednesday October 12, 2016
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.
The CRA may vote to go into Closed Session on any Agenda Item as allowed by State Law.
2.Approval of Minutes of September 22, 2016 Meeting.
3.Approval of Financial Reports.
4.Approval of Bills.
5.Review of Committed Projects and CRA Properties.
6.Façade Request for 724 W. 3rd St.
7.Façade Request for 114 W. 3rd St.
8.Façade Request for 210 N. Walnut St.
9.Approve Resolution to Purchase/Sell Real Estate.
10.Directors Report.
11.Adjournment
Next Meeting November 9, 2016
The CRA may go into closed session for any agenda item as allowed by state law.
Grand Island Regular Meeting - 10/12/2016 Page 4 / 49
Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item B1
Meeting Minutes 9-22-16
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 10/12/2016 Page 5 / 49
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
September 22, 2016
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
September 22, 2016 at City Hall 100 E. First Street. Notice of the meeting was given in
the September 17, 2016 Grand Island Independent.
1.CALL TO ORDER. Tom Gdowski called the meeting to order at 4:00 p.m. The
following members were present: Sue Pirnie, Krae Dutoit, Glenn Wilson, and Glen
Murray. Also present were; Director, Chad Nabity; Assistant to the City
Administrator, Nicki Stoltenberg; Assistant Finance Director, Billy Clingman;
Accountant, Brian Schultz; Legal Counsel, Duane Burns; Council Liaison, Vaughn
Minton.
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 August
31, 2016 meeting was made by Wilson 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 August 1, 2016 through August 31, 2016. A motion was
made by Murray and seconded by Wilson 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 Dutoit
and seconded by Pirnie to approve the bills in the amount of $336,499.42. Upon
roll call vote all present voted aye. Motion carried unanimously to approve the
payment of bills totaling $336,499.42.
5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY.
Nabity provided a review of the committed projects.
6. CONSIDERATION OF REDEVELPOMENT CONTRACT AND RESOLUTION
FOR T.W. ZILLER PROPERTIES LLC.
Consideration of Resolution 228, which is the redevelopment contract for T.W.
Ziller Properties, LLC. for $220,000.
Grand Island Regular Meeting - 10/12/2016 Page 6 / 49
A motion was made by Pirnie and was seconded by Dutoit. Upon roll call vote, all
present voted aye. Motion carried unanimously.
7.CONSIDERATION OF REDEVELOPMENT CONTRACT AND RESOLUTION
FOR MIDDLETON PROPERTIES II LLC.
Consideration of Resolution 229, which is the redevelopment contract for
Middleton Properties II, LLC for $247,561.
A motion was made by Wilson and was seconded by Murray. Upon roll call vote,
all present voted aye. Motion carried unanimously.
8. APPROVE RESOLUTION TO PRUCHASE/SELL REAL ESTATE. No
resolutions.
9. DIRECTORS REPORT. Nabity provided the details of the TIF Workshop that is
scheduled for October 6th from 7-8:30pm at Central Community College. David
Landis, the Urban Development Department Director, from the City of Lincoln,
will be presenting, as well as Mike Bacon and Chad.
10. ADJOURNMENT. Meeting was adjourned at 4:20 p.m.
The next meeting is scheduled for October 12, 2016.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 10/12/2016 Page 7 / 49
Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item C1
Financials
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 10/12/2016 Page 8 / 49
MONTH ENDED 2015-2016 2016 REMAINING % OF BUDGET
September-16 YEAR TO DATE BUDGET BALANCE USED
CONSOLIDATED
Beginning Cash 746,736 841,354
REVENUE:
Property Taxes - CRA 147,437 552,344 534,000 - 103.44%
Property Taxes - Lincoln Pool 54,458 183,203 198,050 14,847 92.50%
Property Taxes -TIF's 226,276 668,424 2,041,892 1,493,784 32.74%
Loan Income (Poplar Street Water Line)4,391 5,031 - - #DIV/0!
Interest Income - CRA 11 153 300 147 50.91%
Interest Income - TIF'S 0 9 - -
Land Sales - - 100,000 100,000 0.00%
Other Revenue - CRA 1,000 22,462 130,000 107,538 17.28%
Other Revenue - TIF's - - - -
TOTAL REVENUE 433,573 1,431,627 3,004,242 1,716,316 47.65%
TOTAL RESOURCES 1,180,308 1,431,627 3,845,596 1,716,316
EXPENSES
Auditing & Accounting - - 5,000 5,000 0.00%
Legal Services 240 1,395 3,000 1,605 46.50%
Consulting Services - - 5,000 5,000 0.00%
Contract Services 3,090 64,629 65,000 371 99.43%
Printing & Binding - - 1,000 1,000 0.00%
Other Professional Services - 8,698 16,000 7,302 54.36%
General Liability Insurance - - 250 250 0.00%
Postage - 136 350 214 38.88%
Life Safety - - 285,000 285,000
Legal Notices 48 239 2,000 1,761 11.95%
Licenses & Fees - 53 - -
Travel & Training - - 1,000 1,000 0.00%
Other Expenditures - - - -
Office Supplies - 926 400 - 231.40%
Supplies - 35 300 265 11.67%
Land - - 200,000 200,000 0.00%
Bond Principal - Lincoln Pool - 175,000 - -
Bond Interest - 22,088 - -
Façade Improvement - - 350,000 350,000 0.00%
Building Improvement 104,076 454,931 368,972 - 123.30%
Other Projects 525 450,000 449,475 0.12%
Bond Principal-TIF's 229,046 677,855 1,290,022 728,944 52.55%
Bond Interest-TIF's - 22,663 31,070 8,949
Interest Expense - - - -
TOTAL EXPENSES 336,499 1,429,172 3,074,364 2,046,137 46.49%
INCREASE(DECREASE) IN CASH 97,073 2,455 (70,122)
ENDING CASH 843,809 2,455 771,232 -
CRA CASH 595,040
Lincoln Pool Tax Income Balance 235,149
TIF CASH 13,620 Total Cash 843,809
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF SEPTEMBER 2016
Grand Island Regular Meeting - 10/12/2016 Page 9 / 49
MONTH ENDED 2015-2016 2016 REMAINING % OF BUDGET
September-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF SEPTEMBER 2016
CRA
GENERAL OPERATIONS:
Property Taxes - CRA 147,437 552,344 534,000 - 103.44%
Property Taxes - Lincoln Pool 54,458 183,203 198,050 14,847 92.50%
Interest Income 11 153 300 147 50.91%
Loan Income (Poplar Street Water Line)4,391 5,031 - - #DIV/0!
Land Sales - - 100,000 100,000 0.00%
Other Revenue & Motor Vehicle Tax 1,000 22,462 130,000 107,538 17.28%
TOTAL 207,297 763,193 962,350 222,532 79.31%
GENTLE DENTAL
Property Taxes - 5,084 - -
Interest Income 0 2 - -
TOTAL 0 5,086 - -
PROCON TIF
Property Taxes - 28,188 19,162 - 147.10%
Interest Income 0 4 - -
TOTAL 0 28,192 19,162 - 147.12%
WALNUT HOUSING PROJECT
Property Taxes - 34,977 74,472 39,495 46.97%
Interest Income - 4 -
Other Revenue - - -
TOTAL - 34,981 74,472 39,495 46.97%
BRUNS PET GROOMING
Property Taxes - 13,809 13,500 - 102.29%
TOTAL - 13,809 13,500 - 102.29%
GIRARD VET CLINIC
Property Taxes 4,695 9,808 14,500 4,692 67.64%
TOTAL 4,695 9,808 14,500 4,692 67.64%
GEDDES ST APTS-PROCON
Property Taxes 13,323 41,657 30,000 - 138.86%
TOTAL 13,323 41,657 30,000 - 138.86%
SOUTHEAST CROSSING
Property Taxes 4,513 14,267 15,000 733 95.12%
TOTAL 4,513 14,267 15,000 733 95.12%
POPLAR STREET WATER
Property Taxes 3,542 10,142 6,000 - 169.03%
TOTAL 3,542 10,142 6,000 - 169.03%
CASEY'S @ FIVE POINTS
Property Taxes 4,275 8,930 10,000 1,070 89.30%
TOTAL 4,275 8,930 10,000 1,070 89.30%
Grand Island Regular Meeting - 10/12/2016 Page 10 / 49
MONTH ENDED 2015-2016 2016 REMAINING % OF BUDGET
September-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF SEPTEMBER 2016
SOUTH POINTE HOTEL PROJECT
Property Taxes 41,380 86,441 90,000 3,559 96.05%
TOTAL 41,380 86,441 90,000 3,559 96.05%
TODD ENCK PROJECT
Property Taxes 3,132 6,542 6,000 - 109.04%
TOTAL 3,132 6,542 6,000 - 109.04%
SKAGWAY
Property Taxes - - 750,000 750,000 0.00%
TOTAL - - 750,000 750,000 0.00%
JOHN SCHULTE CONSTRUCTION
Property Taxes - 2,632 6,000 3,368 43.86%
TOTAL - 2,632 6,000 3,368 43.86%
PHARMACY PROPERTIES INC
Property Taxes 5,505 11,500 11,000 - 104.55%
TOTAL 5,505 11,500 11,000 - 104.55%
KEN-RAY LLC
Property Taxes - 42,273 34,000 - 124.33%
TOTAL - 42,273 34,000 - 124.33%
COUNTY FUND 8598
Property Taxes 1,432 2,991 1,458 - 205.17%
TOTAL 1,432 2,991 1,458 - 205.17%
GORDMAN GRAND ISLAND
Property Taxes 8,972 18,741 40,000 21,259 46.85%
TOTAL 8,972 18,741 40,000 21,259 46.85%
BAKER DEVELOPMENT INC
Property Taxes - 3,504 3,000 - 116.80%
TOTAL - 3,504 3,000 - 116.80%
STRATFORD PLAZA INC
Property Taxes 11,437 23,891 35,000 11,109 68.26%
TOTAL 11,437 23,891 35,000 11,109 68.26%
COPPER CREEK
Property Taxes 24,516 65,159 - - 0.00%
TOTAL 24,516 65,159 - - 0.00%
FUTURE TIF'S
Property Taxes - - 882,800 882,800 0.00%
TOTAL - - 882,800 882,800
Grand Island Regular Meeting - 10/12/2016 Page 11 / 49
MONTH ENDED 2015-2016 2016 REMAINING % OF BUDGET
September-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF SEPTEMBER 2016
CHIEF INDUSTRIES AURORA COOP
Property Taxes 18,125 37,862 - (37,862)
TOTAL 18,125 37,862 - (37,862)
TOKEN PROPERTIES KIMBALL ST
Property Taxes - 1,382 - (1,382)
TOTAL - 1,382 - (1,382)
GI HABITAT OF HUMANITY
Property Taxes 2,002 4,182 - (4,182)
TOTAL 2,002 4,182 - (4,182)
AUTO ONE INC
Property Taxes 5,511 11,513 - (11,513)
TOTAL 5,511 11,513 - (11,513)
EIG GRAND ISLAND
Property Taxes 24,371 50,910 - (50,910)
TOTAL 24,371 50,910 - (50,910)
TOKEN PROPERTIES CARY ST
Property Taxes - 3,959 - (3,959)
TOTAL - 3,959 - (3,959)
WENN HOUSING PROJECT
Property Taxes 2,001 4,180 - (4,180)
TOTAL 2,001 4,180 - (4,180)
COPPER CREEK PHASE II
Property Taxes 47,544 110,311 - (110,311)
TOTAL 47,544 110,311 - (110,311)
TC ENCK BUILDERS
Property Taxes - - - -
TOTAL - - - -
SUPER MARKET DEVELOPERS
Property Taxes - - - -
TOTAL - - - -
MAINSTAY SUITES
Property Taxes 12,961 (12,961)
TOTAL - 12,961 - (12,961)
TOWER 217
Property Taxes 626 (626)
TOTAL - 626 - (626)
TOTAL REVENUE 433,573 1,431,627 3,004,242 1,705,207 47.65%
Grand Island Regular Meeting - 10/12/2016 Page 12 / 49
MONTH ENDED 2015-2016 2016 REMAINING % OF BUDGET
September-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF SEPTEMBER 2016
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting - - 5,000 5,000 0.00%
Legal Services 240 1,395 3,000 1,605 46.50%
Consulting Services - - 5,000 5,000 0.00%
Contract Services 3,090 64,629 65,000 371 99.43%
Printing & Binding - - 1,000 1,000 0.00%
Other Professional Services - 8,698 16,000 7,302 54.36%
General Liability Insurance - - 250 250 0.00%
Postage - 136 350 214 38.88%
Lifesafety Grant - - 285,000 285,000 0.00%
Legal Notices 48 239 2,000 1,761 11.95%Licenses & Fees - 53 - - Travel & Training - - 1,000 1,000 0.00%
Office Supplies - 926 400 -
Supplies - 35 300 265 11.67%
Land - - 200,000 200,000 0.00%
Bond Principal - Lincoln Pool - 175,000 - -
Bond Interest - Lincoln Pool - 22,088 - -
PROJECTS
Façade Improvement - - 350,000 350,000 0.00%
Building Improvement 104,076 454,931 368,972 - 0.00%
Other Projects - 525 450,000 449,475 0.12%
TOTAL CRA EXPENSES 107,453 728,654 1,753,272 1,308,243 41.56%
GENTLE DENTAL
Bond Principal - 3,660 -
Bond Interest - 542 -
TOTAL GENTLE DENTAL - 4,202 - -
PROCON TIF
Bond Principal - 15,325 13,355 - 114.75%
Bond Interest - 3,837 5,807 1,970 66.08%
TOTAL PROCON TIF - 19,162 19,162 1,970 100.00%
WALNUT HOUSING PROJECT
Bond Principal - 56,188 49,209 - 114.18%
Bond Interest - 18,284 25,263 6,979 72.37%
TOTAL WALNUT HOUSING - 74,472 74,472 6,979 100.00%
BRUNS PET GROOMING
Bond Principal - 13,809 13,500 - 102.29%
TOTAL BRUNS PET GROOMING - 13,809 13,500 - 102.29%
GIRARD VET CLINIC
Bond Principal 4,695 9,808 14,500 4,692 67.64%TOTAL GIRARD VET CLINIC 4,695 9,808 14,500 4,692 67.64%
GEDDES ST APTS - PROCON
Bond Principal 13,323 41,657 30,000 - 138.86%
TOTAL GEDDES ST APTS - PROCON 13,323 41,657 30,000 - 138.86%
Grand Island Regular Meeting - 10/12/2016 Page 13 / 49
MONTH ENDED 2015-2016 2016 REMAINING % OF BUDGET
September-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF SEPTEMBER 2016
SOUTHEAST CROSSINGS
Bond Principal 4,513 14,267 15,000 733 95.12%
TOTAL SOUTHEAST CROSSINGS 4,513 14,267 15,000 733 95.12%
POPLAR STREET WATER
Bond Principal 4,391 10,142 6,000 - 169.03%
TOTAL POPLAR STREET WATER 4,391 10,142 6,000 - 169.03%
CASEY'S @ FIVE POINTS
Bond Principal 4,275 8,930 10,000 1,070 89.30%TOTAL CASEY'S @ FIVE POINTS 4,275 8,930 10,000 1,070 89.30%
SOUTH POINTE HOTEL PROJECT
Bond Principal 41,380 86,441 90,000 3,559 96.05%
TOTAL SOUTH POINTE HOTEL PROJECT 41,380 86,441 90,000 3,559 96.05%
TODD ENCK PROJECT
Bond Principal 3,132 6,542 6,000 - 109.04%
TOTAL TODD ENCK PROJECT 3,132 6,542 6,000 - 109.04%
SKAGWAY
Bond Principal - - 750,000 750,000 0.00%
TOTAL SKAGWAY - - 750,000 750,000 0.00%
JOHN SCHULTE CONSTRUCTION
Bond Principal - 5,140 6,000 860 85.66%
TOTAL JOHN SCHULTE CONSTRUCITON - 5,140 6,000 860 85.66%
PHARMACY PROPERTIES INC
Bond Principal 5,505 11,500 11,000 - 104.55%
TOTAL PHARMACH PROPERTIES INC 5,505 11,500 11,000 - 104.55%
KEN-RAY LLC
Bond Principal - 42,273 34,000 - 124.33%TOTAL KEN-RAY LLC - 42,273 34,000 - 124.33%
COUNTY FUND #8598
Bond Principal 1,432 2,991 1,458 (1,533)
TOTAL COUNTY FUND #8598 1,432 2,991 1,458 (1,533)
GORDMAN GRAND ISLAND
Bond Principal 8,972 18,741 40,000 21,259
TOTAL GORDMAN GRAND ISLAND 8,972 18,741 40,000 21,259
BAKER DEVELOPMENT INC
Bond Principal - 3,504 3,000 (504)
TOTAL BAKER DEVELOPMENT INC - 3,504 3,000 (504)
STRATFORD PLAZA LLC
Bond Principal 11,437 23,891 35,000 11,109
TOTAL STRATFORD PLAZA LLC 11,437 23,891 35,000 11,109
COPPER CREEK
Bond Principal 24,516 65,159 - -
TOTAL COPPER CREEK 24,516 65,159 - -
Grand Island Regular Meeting - 10/12/2016 Page 14 / 49
MONTH ENDED 2015-2016 2016 REMAINING % OF BUDGET
September-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF SEPTEMBER 2016
CHIEF INDUSTRIES AURORA COOP
Bond Principal 18,125 37,862 (37,862)
TOTAL CHIEF IND AURORA COOP 18,125 37,862 (37,862)
TOKEN PROPERTIES KIMBALL STREET
Bond Principal - 1,382 (1,382)
TOTAL TOKEN PROPERTIES KIMBALL ST - 1,382 (1,382)
GI HABITAT FOR HUMANITY
Bond Principal 2,002 4,182 (4,182) TOTAL BLANK 2,002 4,182 (4,182)
AUTO ONE INC
Bond Principal 5,511 11,513 (11,513) TOTAL AUTO ONE INC 5,511 11,513 (11,513)
EIG GRAND ISLAND
Bond Principal 24,371 50,910 (50,910)
TOTAL BLANK 24,371 50,910 (50,910)
TOKEN PROPERTIES CARY STREET
Bond Principal - 3,959 (3,959)
TOTAL TOKEN PROPERTIES CARY ST - 3,959 (3,959)
WENN HOUSING PROJECT
Bond Principal 2,001 4,180 (4,180)
TOTAL WENN HOUSING PROJECT 2,001 4,180 (4,180)
COPPER CREEK PHASE II
Bond Principal 49,465 110,311 (110,311)
TOTAL COPPER CREEK PHASE II 49,465 110,311 (110,311)
TC ENCK BUILDERS
Bond Principal - - -
TOTAL TC ENCK BUILDERS - - -
SUPER MARKET DEVELOPERS
Bond Principal - - - TOTAL SUPER MARKET DEVELOPERS - - -
MAINSTAY SUITES
Bond Principal - 12,961 (12,961)
TOTAL MAINSTAY SUITES - 12,961 (12,961)
TOWER 217
Bond Principal - 626 (626)
TOTAL TOWER 217 - 626 (626)
FUTURE TIF'S
Bond Principal - - 162,000 162,000
TOTAL FUTURE TIF'S - - 162,000 162,000
TOTAL EXPENSES 336,499 1,429,172 3,074,364 2,032,549
Grand Island Regular Meeting - 10/12/2016 Page 15 / 49
10/06/2016 10:52 |CITY OF GRAND ISLAND |P 1
briansc |BALANCE SHEET FOR 2016 12 |glbalsht
NET CHANGE ACCOUNT
FUND: 900 COMMUNITY REDEVELOPMENT AUTHOR FOR PERIOD BALANCE__________________________________________________________________________________________________________
ASSETS
900 11110 OPERATING CASH 97,073.30 843,818.48
900 11120 COUNTY TREASURER CASH .00 87,328.23
900 11305 PROPERTY TAXES RECEIVABLE .00 74,663.00
900 14100 NOTES RECEIVABLE .00 449,518.20
900 14700 LAND .00 575,369.33_______________________________________
TOTAL ASSETS 97,073.30 2,030,697.24_______________________________________
LIABILITIES
900 22100 LONG TERM DEBT .00 -356,842.00
900 22200 ACCOUNTS PAYABLE .00 -9,225.31
900 22400 OTHER LONG TERM DEBT .00 -1,455,000.00
900 22900 ACCRUED INTEREST PAYABLE .00 -6,289.06
900 25315 DEFERRED REVENUE-PROPERY TAX .00 -80,687.00
900 25316 DEFERRED REVENUE-YR END ADJ .00 58,671.86_______________________________________
TOTAL LIABILITIES .00 -1,849,371.51_______________________________________
FUND BALANCE
900 39107 BUDGETARY FUND BAL - UNRESERVD .00 70,122.00
900 39110 INVESTMENT IN FIXED ASSETS .00 -575,369.33
900 39112 FUND BALANCE-BONDS .00 1,425,994.94
900 39120 UNRESTRICTED FUND BALANCE .00 -1,029,485.90
900 39130 ESTIMATED REVENUES .00 3,004,242.00
900 39140 ESTIMATED EXPENSES .00 -3,074,364.00
900 39500 REVENUE CONTROL -433,572.72 -1,431,637.05
900 39600 EXPENDITURE CONTROL 336,499.42 1,429,171.61_______________________________________
TOTAL FUND BALANCE -97,073.30 -181,325.73_______________________________________
TOTAL LIABILITIES + FUND BALANCE -97,073.30 -2,030,697.24=======================================
** END OF REPORT - Generated by Brian Schultz **
Grand Island Regular Meeting - 10/12/2016 Page 16 / 49
Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 10/12/2016 Page 17 / 49
26-Oct-16
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 $ 2,587.06
Accounting Oct, Nov, Dec $ 450.00
Officenet Inc.
Postage $ 6.28
Lawnscape mowing 408 E 2nd $ 70.00
Grand Island Independent $ 12.76
TIF reimbursement Token $ 1,000.00
Mileage for TIF speaker $ 100.22
Mayer, Burns & Koenig $ 105.00
Total:$ 4,331.32
Grand Island Regular Meeting - 10/12/2016 Page 18 / 49
Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item E1
Committed Projects
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 10/12/2016 Page 19 / 49
COMMITTED PROJECTS REMAINING
GRANT
AMOUNT
2016 FISCAL
YR
2017 FISCAL
YR
2018 FISCAL
YR
ESTIMATED
COMP
South Locust BID $ 30,000.00 $ - $ 30,000.00 2017
Federation of Labor - Ziller $ 60,000.00 $ - $ 60,000.00 2017
Wing Properties - 116 E 3rd St $ 68,132.00 $ - $ 68,132.00 2017
Wing Properties - 110-114 E 3rd St $ 167,016.00 $ 167,016.00 2017
Bosselman Real Estate $ 300,000.00 $ - $ 200,000.00 $ 100,000.00 2018
Zoul Properties - 1201 S Locust
Street
$ 90,000.00 $ - $ 90,000.00 2017
Total Committed $ 715,148.00 $ - $ 615,148.00 $ 100,000.00
FIRE & LIFE SAFETY GRANT TOTAL
AMOUNT
2016 FISCAL
YR
2017 FISCAL
YR
2018 FISCAL
YR
ESTIMATED
COMP
201-203 W. 3rd St. Anson $200,000 $ 200,000.00 2018
Federation of Labor - Tom Ziller $115,000 $ - $ 115,000.00 2017
Wing Properties - 110 E 3rd St $20,000 $ 20,000.00 2017
Total Committed F&L Safety Grant $335,000 $ - $ 335,000.00
Life Safety - Budget $ Remaining $ 285,000.00
Façade - Budget $ Remaining $ 350,000.00
Other Projects - Budget $ Remaining $ 449,475.00
Land - Budget $ Remaining $ 200,000.00
Land Sales - Budget $ Remaining ($100,000.00)
subtotal $1,184,475.00 $ -
Less committed $0.00 ($950,148.00)
Balance remaining $1,184,475.00 $ (950,148.00)
CRA PROPERTIES
Address Purchase Price Purchase Date Demo Cost Status
408 E 2nd St $4,869 11/11/2005 $7,500 Surplus
3235 S Locust $450,000 4/2/2010 $39,764 Surplus
604-612 W 3rd $80,000 6/10/2015 Surplus
September 30, 2016
Grand Island Regular Meeting - 10/12/2016 Page 20 / 49
2016 BUDGET AVAILABLE TO COMMIT
EXPENSES
2016
AVAILABLE TO
COMMIT COMMITTED
AVAILABLE TO
COMMIT
Life Safety $ 285,000.00 $ 220,000.00 $ 65,000.00
Façade $ 350,000.00 $ 350,000.00 $ -
Building Improvements $ 368,972.00 $ 368,972.00 $ -
Other Projects $ 450,000.00 $ 210,000.00 $ 240,000.00
Land $ 200,000.00 $ - $ 200,000.00
$ 1,653,972.00 $1,148,972.00 $ 505,000.00
Grand Island Regular Meeting - 10/12/2016 Page 21 / 49
Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item F1
Facade Request 724 W. 3rd
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item F2
Facade Request for 114 W. 3rd
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, October 12, 2016
Regular Meeting
Item F3
Facade Request for 210 N. Walnut
Staff Contact: Chad Nabity
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