11-09-2016 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, November 9, 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 - 11/9/2016 Page 1 / 42
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 - 11/9/2016 Page 2 / 42
Community Redevelopment
Authority (CRA)
Wednesday, November 9, 2016
Regular Meeting
Item A1
CRA Agenda Nov. 9, 2016
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 11/9/2016 Page 3 / 42
AGENDA
Wednesday Nov. 9, 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 Oct. 12, 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. – split over two years.
7.Discussion and Action on Grand Island Christian School.
8.Approve Resolution to Purchase/Sell Real Estate.
9.Directors Report.
10.Discussion on December meeting – Dec. 14 or Dec. 21
11.Adjournment
Next Meeting 4 p.m. Dec. xx, 2016
Grand Island Regular Meeting - 11/9/2016 Page 4 / 42
COMMUNITY REDEVELOPMENT AUTHORITY
AGENDA MEMORANDUM
4 p.m. Nov. 9, 2016
1.CALL TO ORDER. The meeting will be called to order by Chairman Tom Gdowski.
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. The minutes of the Community Redevelopment
Authority meeting of Oct. 12, 2016 are submitted for approval. A MOTION is in
order.
3.APPROVAL OF FINANCIAL REPORTS. Financial reports for the period of Oct.
1, 2016 through Oct. 31, 2016 are submitted for approval. A MOTION is in order.
4.APPROVAL OF BILLS. Payment of bills in the amount of $10,058.45 is submitted
for approval. A MOTION is in order.
5.REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES.
6.FAÇADE REQUEST -REVIEW
Timothy Lindell submitted a request for Othy’s Place Music Shoppe at 724 W. 3rd St.
under the façade development program at the Oct. 12 CRA meeting. He was
approved for a façade grant totaling $61,860.18. However, $26,961 of the project is
for Vitrolite restoration and the Vitrolite won’t be ready until the 2017-18 fiscal year,
making it possible to split the façade grant payment over two years. A MOTION is in
order.
7.DISCUSSION ON GRAND ISLAND CHRISTIAN SCHOOL.
The CRA awarded a $129,000 demolition grant to the Grand Island Christian School
in 2010, which included a 10-year lien on the property at 1804 W. State Street. The
school would like to sell the property and transfer the lien to the new buyer for the
remaining five years of the term. A MOTION is in order.
8.APPROVE RESOLUTION OR RESOLUTIONS TO PURCHASE OR SELL REAL
ESTATE.
9.DIRECTOR’S REPORT.
This is an opportunity for the director to communicate on going actions and activities
to the board and public.
10.ADJOURNMENT.
Chad Nabity
Director
Grand Island Regular Meeting - 11/9/2016 Page 5 / 42
Community Redevelopment
Authority (CRA)
Wednesday, November 9, 2016
Regular Meeting
Item B1
Minutes from Oct. 12, 2016
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 11/9/2016 Page 6 / 42
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
October 12, 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
October 12, 2016 at City Hall 100 E. First Street. Notice of the meeting was given in the
October 5, 2016 Grand Island Independent.
1.CALL TO ORDER. Tom Gdowski called the meeting to order at 4:04 p.m. The
following members were present: Sue Pirnie and Glen Murray. Members absent
were: Krae Dutoit and Glenn Wilson. Also present were: Director, Chad Nabity;
City Administrator, Marlan Ferguson; Finance Director, Renae Griffiths; Legal
Counsel, Duane Burns; Council Liaison, Vaughn Minton; Planning Administrative
Assistant Tracy Overstreet; Marv Webb, Jeanene and Arthor Campos, Carl
Mayhew, Timothy Lindell, Tom Ziller, Tonya Huismann and Bob Loewenstein.
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 Sept. 22,
2016 meeting was made by Pirnie and seconded by Murray. Upon roll call vote,
all present voted aye. Motion carried.
3. APPROVAL OF FINANCIAL REPORTS. Griffiths reviewed the financial reports
for the period of Sept. 1, 2016 through Sept. 31, 2016. Receipts were $434,000.
Expenditures were $336,500. A motion was made by Murray and seconded by
Pirnie to approve the financial reports. Upon roll call vote, all present voted aye.
Motion carried.
4. APPROVAL OF BILLS. The bills were reviewed. A motion was made by
Murray and seconded by Pirnie to approve the bills in the amount of $4,331.32.
Upon roll call vote, all present voted aye. Motion carried.
5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY.
Nabity provided a review of the committed projects.
6. FAÇADE REQUEST.
Timothy Lindell submitted a request under the façade development program to
assist with the façade of Othy’s Place at 724 W. 3rd St. The anticipated cost of the
project is $168,404. The façade request is for $59,464. The façade committee,
Grand Island Regular Meeting - 11/9/2016 Page 7 / 42
including Pirnie and Murray, recommended a grant award of $61,860.18 to
accommodate the purchase of a static sign instead of a digital display sign.
A motion was made by Murray and was seconded by Pirnie. Upon roll call vote,
all present voted aye. Motion carried.
7.FAÇADE REQUEST.
Jeanene Campos submitted a request under the façade development program to
assist with the façade of Master Stylists at 114 W. 3rd St. The anticipated cost of
the project is $68,700. The façade request is for $23,895.
A motion was made by Pirnie and was seconded by Murray. Upon roll call vote,
all present voted aye. Motion carried.
8.FAÇADE REQUEST.
Tom Ziller submitted a request under the façade development program to assist
with the façade of Temple Lofts at 210 N. Walnut. The anticipated cost of the
project is $1,308,593. The façade request is for $53,200.
A motion was made by Murray and was seconded by Pirnie. Upon roll call vote,
all present voted aye. Motion carried.
9. APPROVE RESOLUTION TO PURCHASE/SELL REAL ESTATE.
No resolutions.
10 DIRECTORS REPORT.
Nabity provided a report on the Oct. 6, 2016 TIF Workshop at Central Community
College. A follow-up meeting will likely be scheduled. Economic geographer Jim
Knotwell has been hired to prepare an analysis of Grand Island’s TIF development
numbers.
11. ADJOURNMENT. Meeting was adjourned at 4:40 p.m.
The next meeting is scheduled for Nov. 9, 2016.
Respectfully submitted
Chad Nabity
Director
Grand Island Regular Meeting - 11/9/2016 Page 8 / 42
Community Redevelopment
Authority (CRA)
Wednesday, November 9, 2016
Regular Meeting
Item C1
Financials
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 11/9/2016 Page 9 / 42
MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET
October-16 YEAR TO DATE BUDGET BALANCE USED
CONSOLIDATED
Beginning Cash 843,818 843,818
REVENUE:
Property Taxes - CRA 32,194 32,194 548,641 516,447 5.87%
Property Taxes - Lincoln Pool 11,852 11,852 198,050 186,198 5.98%
Property Taxes -TIF's 70,215 70,215 1,809,856 1,714,543 3.88%
Loan Income (Poplar Street Water Line)- - 8,000 8,000 0.00%
Interest Income - CRA 13 13 300 287 4.32%
Interest Income - TIF'S 1 1 23,720 23,719 0.00%
Land Sales - - 250,000 250,000 0.00%
Other Revenue - CRA (802) (802) 130,000 130,802 -0.62%
Other Revenue - TIF's - - - - #DIV/0!
TOTAL REVENUE 113,474 113,474 2,968,567 2,829,995 3.82%
TOTAL RESOURCES 957,292 113,474 3,812,385 2,829,995
EXPENSES
Auditing & Accounting - - 5,000 5,000 0.00%
Legal Services 105 105 3,000 2,895 3.50%
Consulting Services - - 5,000 5,000 0.00%
Contract Services 3,107 3,107 75,000 71,893 4.14%
Printing & Binding - - 1,000 1,000 0.00%
Other Professional Services - - 16,000 16,000 0.00%
General Liability Insurance - - 250 250 0.00%
Postage 6 6 200 194 3.14%
Life Safety - - 265,000 265,000 0.00%
Legal Notices 13 13 500 487 2.55%
Travel & Training 100 100 1,000 900 10.02%
Other Expenditures - - - - #DIV/0!
Office Supplies - - 1,000 1,000 0.00%
Supplies - - 300 300 0.00%
Land - - 50,000 50,000 0.00%
Bond Principal - Lincoln Pool - - 175,000 175,000 0.00%
Bond Interest - - 20,863 20,863 0.00%
Façade Improvement - - 200,000 200,000 0.00%
Building Improvement - - 835,148 835,148 0.00%
Other Projects - - 50,000 50,000 0.00%
Bond Principal-TIF's - - 1,815,774 1,778,774 0.00%
Bond Interest-TIF's - - 17,463 17,463 0.00%
Interest Expense - - - - #DIV/0!
TOTAL EXPENSES 3,331 3,331 3,537,498 3,497,167 0.09%
INCREASE(DECREASE) IN CASH 110,143 110,143 (568,931)
ENDING CASH 953,961 110,143 274,887 -
CRA CASH 577,155
Lincoln Pool Tax Income Balance 260,885
TIF CASH 115,921
Total Cash 953,961
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF OCTOBER 2016
Grand Island Regular Meeting - 11/9/2016 Page 10 / 42
MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET
October-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF OCTOBER 2016
CRA
GENERAL OPERATIONS:
Property Taxes - CRA 32,194 32,194 548,641 516,447 5.87%
Property Taxes - Lincoln Pool 11,852 11,852 198,050 186,198 5.98%
Interest Income 13 13 300 287 4.32%
Loan Income (Poplar Street Water Line)- 8,000 8,000 0.00%
Land Sales - 250,000 250,000 0.00%
Other Revenue & Motor Vehicle Tax (802) (802) 130,000 130,802 -0.62%
TOTAL 43,258 43,258 1,134,991 1,091,733 3.81%
GENTLE DENTAL
Property Taxes - 3,598 3,598 0.00%
Interest Income 0 0 404 404 0.05%
TOTAL 0 0 4,002 4,002 0.01%
PROCON TIF
Property Taxes 8,708 8,708 15,601 6,893 55.82%
Interest Income 0 0 4,101 4,101 0.01%TOTAL 8,709 8,709 19,702 10,994 44.20%
WALNUT HOUSING PROJECT
Property Taxes 32,120 32,120 55,257 23,137 58.13%
Interest Income - 19,215 19,215 0.00%
TOTAL 32,120 32,120 74,472 42,352 43.13%
BRUNS PET GROOMING
Property Taxes 6,493 6,493 13,500 7,007 48.10%
TOTAL 6,493 6,493 13,500 7,007 48.10%
GIRARD VET CLINIC
Property Taxes - 14,500 14,500 0.00%TOTAL - - 14,500 14,500 0.00%
GEDDES ST APTS-PROCON
Property Taxes - 30,000 30,000 0.00%
TOTAL - - 30,000 30,000 0.00%
SOUTHEAST CROSSING
Property Taxes - 18,000 18,000 0.00%
TOTAL - - 18,000 18,000 0.00%
POPLAR STREET WATER
Property Taxes 52 52 8,000 7,948 0.65%
TOTAL 52 52 8,000 7,948 0.65%
CASEY'S @ FIVE POINTS
Property Taxes - 10,000 10,000 0.00%
TOTAL - - 10,000 10,000 0.00%
SOUTH POINTE HOTEL PROJECT
Property Taxes - 90,000 90,000 0.00%
TOTAL - - 90,000 90,000 0.00%
Grand Island Regular Meeting - 11/9/2016 Page 11 / 42
MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET
October-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF OCTOBER 2016
TODD ENCK PROJECT
Property Taxes - 6,000 6,000 0.00%
TOTAL - - 6,000 6,000 0.00%
JOHN SCHULTE CONSTRUCTION
Property Taxes 2,417 2,417 6,000 3,583 40.28%TOTAL 2,417 2,417 6,000 3,583 40.28%
PHARMACY PROPERTIES INC
Property Taxes - 11,000 11,000 0.00%
TOTAL - - 11,000 11,000 0.00%
KEN-RAY LLC
Property Taxes - 85,000 85,000 0.00%
TOTAL - - 85,000 85,000 0.00%
TOKEN PROPERTIES RUBY
Property Taxes - 1,500 1,500 0.00%TOTAL - - 1,500 1,500 0.00%
GORDMAN GRAND ISLAND
Property Taxes - 40,000 40,000 0.00%
TOTAL - - 40,000 40,000 0.00%
BAKER DEVELOPMENT INC
Property Taxes 1,687 1,687 3,000 1,313 56.23%
TOTAL 1,687 1,687 3,000 1,313 56.23%
STRATFORD PLAZA INC
Property Taxes - 35,000 35,000 0.00%
TOTAL - - 35,000 35,000 0.00%
COPPER CREEK 2013 HOUSES
Property Taxes 1,602 1,602 80,000 78,398 0.00%
TOTAL 1,602 1,602 80,000 78,398 0.00%
FUTURE TIF'S
Property Taxes - 900,000 900,000 0.00%
TOTAL - - 900,000 900,000 0.00%
CHIEF INDUSTRIES AURORA COOP
Property Taxes - 40,000 40,000 0.00%
TOTAL - - 40,000 40,000 0.00%
TOKEN PROPERTIES KIMBALL ST
Property Taxes 1,269 1,269 2,700 1,431 47.01%
TOTAL 1,269 1,269 2,700 1,431 0.00%
GI HABITAT OF HUMANITY
Property Taxes - 8,000 8,000 0.00%TOTAL - - 8,000 8,000 0.00%
AUTO ONE INC
Property Taxes - 11,000 11,000 0.00%
TOTAL - - 11,000 11,000 0.00%
Grand Island Regular Meeting - 11/9/2016 Page 12 / 42
MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET
October-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF OCTOBER 2016
EIG GRAND ISLAND
Property Taxes - 50,000 50,000 0.00%
TOTAL - - 50,000 50,000 0.00%
TOKEN PROPERTIES CARY ST
Property Taxes 3,636 3,636 8,000 4,364 45.45%TOTAL 3,636 3,636 8,000 4,364 0.00%
WENN HOUSING PROJECT
Property Taxes - 4,200 4,200 0.00%
TOTAL - - 4,200 4,200 0.00%
COPPER CREEK 2014 HOUSES
Property Taxes 329 329 200,000 199,671 0.16%
TOTAL 329 329 200,000 199,671 0.00%
TC ENCK BUILDERS
Property Taxes - 3,000 3,000 0.00%TOTAL - - 3,000 3,000 0.00%
SUPER MARKET DEVELOPERS
Property Taxes - 20,000 20,000 0.00%
TOTAL - - 20,000 20,000 0.00%
MAINSTAY SUITES
Property Taxes 11,902 11,902 25,000 13,098 47.61%
TOTAL 11,902 11,902 25,000 13,098 0.00%
TOWER 217
Property Taxes - 12,000 12,000 0.00%
TOTAL - - 12,000 12,000 0.00%
TOTAL REVENUE 113,474 113,474 2,968,567 2,794,995 3.82%
Grand Island Regular Meeting - 11/9/2016 Page 13 / 42
MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET
October-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF OCTOBER 2016
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting - 5,000 5,000 0.00%
Legal Services 105 105 3,000 2,895 3.50%
Consulting Services - 5,000 5,000 0.00%
Contract Services 3,107 3,107 75,000 71,893 4.14%
Printing & Binding - 1,000 1,000 0.00%
Other Professional Services - 16,000 16,000 0.00%
General Liability Insurance - 250 250 0.00%
Postage 6 6 200 194 3.14%
Lifesafety Grant - 265,000 265,000 0.00%
Legal Notices 13 13 500 487 2.55%Travel & Training 100 100 1,000 900 10.02%
Office Supplies - 1,000 1,000 0.00%
Supplies - 300 300 0.00%
Land - 50,000 50,000 0.00%
Bond Principal - Lincoln Pool - 175,000 175,000 0.00%
Bond Interest - Lincoln Pool - 20,863 20,863 0.00%
PROJECTS
Façade Improvement - 200,000 200,000 0.00%
Building Improvement - 835,148 835,148 0.00%
Other Projects - 50,000 50,000 0.00%
TOTAL CRA EXPENSES 3,331 3,331 1,704,261 1,700,930 0.20%
GENTLE DENTAL
Bond Principal - 3,917 3,917 0.00%
Bond Interest - 285 285 0.00%
TOTAL GENTLE DENTAL - - 4,202 4,202 0.00%
PROCON TIF
Bond Principal - 16,416 16,416 0.00%
Bond Interest - 2,747 2,747 0.00%
TOTAL PROCON TIF - - 19,163 19,163 0.00%
WALNUT HOUSING PROJECT
Bond Principal - 60,041 60,041 0.00%
Bond Interest - 14,431 14,431 0.00%
TOTAL - - 74,472 74,472 0.00%
BRUNS PET GROOMING
Bond Principal - 13,500 13,500 0.00%
TOTAL - - 13,500 13,500 0.00%
GIRARD VET CLINIC
Bond Principal - 14,500 14,500 0.00%
TOTAL - - 14,500 14,500 0.00%
GEDDES ST APTS - PROCON
Bond Principal - 30,000 30,000 0.00%
TOTAL - - 30,000 30,000 0.00%
Grand Island Regular Meeting - 11/9/2016 Page 14 / 42
MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET
October-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF OCTOBER 2016
SOUTHEAST CROSSINGS
Bond Principal - 18,000 18,000 0.00%
TOTAL - - 18,000 18,000 0.00%
POPLAR STREET WATER
Bond Principal - 8,000 8,000 0.00%TOTAL - - 8,000 8,000 0.00%
CASEY'S @ FIVE POINTS
Bond Principal - 10,000 10,000 0.00%
TOTAL - - 10,000 10,000 0.00%
SOUTH POINTE HOTEL PROJECT
Bond Principal - 90,000 90,000 0.00%
TOTAL - - 90,000 90,000 0.00%
TODD ENCK PROJECT
Bond Principal - 6,000 6,000 0.00%TOTAL - - 6,000 6,000 0.00%
JOHN SCHULTE CONSTRUCTION
Bond Principal - 6,000 6,000 0.00%
TOTAL - - 6,000 6,000 0.00%
PHARMACY PROPERTIES INC
Bond Principal - 11,000 11,000 0.00%
TOTAL - - 11,000 11,000 0.00%
KEN-RAY LLC
Bond Principal - 85,000 85,000 0.00%
TOTAL - - 85,000 85,000 0.00%
TOKEN PROPERTIES RUBY
Bond Principal - 1,500 1,500 0.00%
TOTAL - - 1,500 1,500 0.00%
GORDMAN GRAND ISLAND
Bond Principal - 40,000 40,000 0.00%
TOTAL - - 40,000 40,000 0.00%
BAKER DEVELOPMENT INC
Bond Principal - 3,000 3,000 0.00%
TOTAL - - 3,000 3,000 0.00%
STRATFORD PLAZA LLC
Bond Principal - 35,000 35,000 0.00%
TOTAL - - 35,000 35,000 0.00%
COPPER CREEK 2013 HOUSES
Bond Principal - 80,000 80,000 0.00%TOTAL - - 80,000 80,000 0.00%
Grand Island Regular Meeting - 11/9/2016 Page 15 / 42
MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET
October-16 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF OCTOBER 2016
CHIEF INDUSTRIES AURORA COOP
Bond Principal - 40,000 40,000 0.00%
TOTAL - - 40,000 40,000 0.00%
TOKEN PROPERTIES KIMBALL STREET
Bond Principal - 2,700 2,700 0.00%TOTAL - - 2,700 2,700 0.00%
GI HABITAT FOR HUMANITY
Bond Principal - 8,000 8,000 0.00%
TOTAL - - 8,000 8,000 0.00%
AUTO ONE INC
Bond Principal - 11,000 11,000 0.00%
TOTAL - - 11,000 11,000 0.00%
EIG GRAND ISLAND
Bond Principal - 50,000 50,000 0.00%TOTAL - - 50,000 50,000 0.00%
TOKEN PROPERTIES CARY STREET
Bond Principal - 8,000 8,000 0.00%
TOTAL - - 8,000 8,000 0.00%
WENN HOUSING PROJECT
Bond Principal - 4,200 4,200 0.00%
TOTAL - - 4,200 4,200 0.00%
COPPER CREEK 2014 HOUSES
Bond Principal - 200,000 200,000 0.00%
TOTAL - - 200,000 200,000 0.00%
TC ENCK BUILDERS
Bond Principal - 3,000 3,000 0.00%
TOTAL - - 3,000 3,000 0.00%
SUPER MARKET DEVELOPERS
Bond Principal - 20,000 20,000 0.00%
TOTAL - - 20,000 20,000 0.00%
MAINSTAY SUITES
Bond Principal - 25,000 25,000 0.00%
TOTAL - - 25,000 25,000 0.00%
TOWER 217
Bond Principal - 12,000 12,000 0.00%
TOTAL - - 12,000 12,000 0.00%
FUTURE TIF'S
Bond Principal - - 900,000 900,000 0.00%
TOTAL - - 900,000 900,000 0.00%
TOTAL EXPENSES 3,331 3,331 3,537,498 3,534,167 0.09%
Grand Island Regular Meeting - 11/9/2016 Page 16 / 42
11/02/2016 10:28 |CITY OF GRAND ISLAND |P 1
briansc |BALANCE SHEET FOR 2017 1 |glbalsht
NET CHANGE ACCOUNT
FUND: 900 COMMUNITY REDEVELOPMENT AUTHOR FOR PERIOD BALANCE__________________________________________________________________________________________________________
ASSETS
900 11110 OPERATING CASH 110,142.62 953,961.10
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 110,142.62 2,140,839.86_______________________________________
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 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 -1,031,951.34
900 39500 REVENUE CONTROL -113,473.94 -113,473.94
900 39600 EXPENDITURE CONTROL 3,331.32 3,331.32_______________________________________
TOTAL FUND BALANCE -110,142.62 -291,468.35_______________________________________
TOTAL LIABILITIES + FUND BALANCE -110,142.62 -2,140,839.86=======================================
** END OF REPORT - Generated by Brian Schultz **
Grand Island Regular Meeting - 11/9/2016 Page 17 / 42
Community Redevelopment
Authority (CRA)
Wednesday, November 9, 2016
Regular Meeting
Item D1
Bills
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 11/9/2016 Page 18 / 42
9-Nov-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 $ 2,888.33
Accounting
Officenet Inc.
Postage $ 18.11
Grand Island Independent $ 16.01
TIF pass throughs Mainstay Suites $ 11,902.17
Todd Enck-Carey Street $ 3,635.63
Todd Enck-Kimball Street $ 1,269.36
Copper Creek $ 1,602.00
Baker Development $ 1,686.88
Schulte/Plate 703 S. Lincoln $ 2,416.93
Bruns $ 6,493.31
Lincoln Pool payment (P&I) $ 185,781.25
Guerrero Construction Sidewalk/curb at 604 W. 3rd $ 6,956.00
Mayer, Burns & Koenig $ 180.00
Total:$ 224,845.98
Grand Island Regular Meeting - 11/9/2016 Page 19 / 42
Community Redevelopment
Authority (CRA)
Wednesday, November 9, 2016
Regular Meeting
Item E1
Committed Projects
Staff Contact: Chad Nabity
Grand Island Regular Meeting - 11/9/2016 Page 20 / 42
COMMITTED PROJECTS REMAINING
GRANT
AMOUNT
2017 FISCAL YR 2018 FISCAL YR 2019 FISCAL YR ESTIMATED
COMP
Bosselman Real Estate $ 300,000.00 $ 100,000.00 $ 100,000.00 $ 100,000.00 2019
Federation of Labor - Ziller Residential
Grant
$ 60,000.00 $ 60,000.00 2017
Federation of Labor - Ziller Facade
Grant
$ 53,200.00 $ 53,200.00 2017
Master Stylists - 114 W. 3rd - Jeanene
Campos
$ 23,895.00 $ 23,895.00 2017
Othy's Place - 724 W. 3rd - Lindell $ 61,860.18 $ 61,860.18 ?????
South Locust/Fonner Park BID $ 30,000.00 $ 15,000.00 $ 15,000.00 2018
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
Zoul Properties - 1201 S Locust Street $ 90,000.00 $ 90,000.00 2017
Total Committed $ 854,103.18 $ 639,103.18 $ 115,000.00 $ 100,000.00
FIRE & LIFE SAFETY GRANT TOTAL
AMOUNT
2017 FISCAL YR 2018 FISCAL YR 2019 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 $ 135,000.00 $ 200,000.00
Life Safety - Budget $ Remaining $ 265,000.00
Façade - Budget $ Remaining $ 200,000.00
Other Projects - Budget $ Remaining $ 885,148.00
Land - Budget $ Remaining $ 50,000.00
Land Sales - Budget $ Remaining ($250,000.00)
subtotal $ 1,150,148.00 $ -
Less committed ($774,103.18)($315,000.00)
Balance remaining $ 376,044.82 $ (315,000.00)
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
October 31, 2016
Grand Island Regular Meeting - 11/9/2016 Page 21 / 42
2017 BUDGET AVAILABLE TO COMMIT
EXPENSES
2017
AVAILABLE TO
COMMIT COMMITTED
AVAILABLE TO
COMMIT
Life Safety $ 265,000.00 $ 265,000.00
Façade $ 200,000.00 $ 138,955.18 $ 61,044.82
Building Improvements $ 835,148.00 $ 835,148.00
Other Projects $ 50,000.00 $ 50,000.00
Land $ 50,000.00 $ - $ 50,000.00
$ 1,400,148.00 $ 138,955.18 $ 1,261,192.82
Grand Island Regular Meeting - 11/9/2016 Page 22 / 42
Community Redevelopment
Authority (CRA)
Wednesday, November 9, 2016
Regular Meeting
Item F1
Facade-Othy's Place
Staff Contact: Chad Nabity
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Community Redevelopment
Authority (CRA)
Wednesday, November 9, 2016
Regular Meeting
Item X1
Discussion on Grand Island Christian School
Staff Contact: Chad Nabity
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November 1, 2016
From: Chad Nabity, AICP Director
To:CRA Board
Re: Deed of Trust on Grand Island Christian School Property
The Grand Island Christian School is proposing to sell their building located at 1804 W.
State Street at the northwest corner of the Five Points intersection.
On September 8, 2010, the CRA made two grants to the Grand Island Christian School.
The CRA awarded both a Façade Improvement Grant for $80,000 and a $129,000 grant
under our Other Projects category for the demolition of the old gym. The CRA invested
$209,000 into this building at a prominent corner of the city.
The façade was a grant and complete upon payment. To protect that investment, the
CRA requested a note and deed of trust for the $129,000 demolition portion of the
project. The CRA did agree to forgive the demolition note after a period of 10 years. A
copy of the deed of trust is attached. The note was issued on November 1, 2011 and can
be forgiven after October 31, 2021.
The CRA can, at its discretion and upon request, change the terms of this note and deed
of trust, including allowing the creation of a new note and deed of trust upon the sale of
the property to an acceptable buyer.
A contract to purchase the property has been agreed upon by the Seller (Grand Island
Christian School) and the Buyer (True North Church). Under the proposed agreement the
Buyer would, upon loan approval, pay the Seller $200,000. The proceeds of this will be
used to repay the holder of the first lien on the property, Home Federal. The Buyer has
agreed to provide space to the Grand Island Christian School without rent or utilities
charges for a period of five years from the sale of the property. This offer is contingent
on the CRA reissuing the $129,000 note for the remainder of the period ending October
31, 2021 to the Buyer of the building.
The Seller has requested that the CRA consider a request to reissue the note and deed of
trust to the Buyer as part of the sale. The sale is contingent on this accommodation. By
taking this action, the CRA would be encouraging the use of this property in a manner
consistent with the plans brought forward by the Grand Island Christian School in 2010
that were supported by the CRA. This property will be maintained and occupied and the
use will be expanded to include church services and similar community uses.
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If the CRA agrees to approve a new note and deed of trust with the Buyer, a motion
would be in order to: approve the request contingent on receipt of the title assurances
confirming the outstanding balance on the property and contingent upon the Buyer/Seller
paying the necessary attorney and filing fees for the creation of the note and deed of trust.
The deed of trust and expenses could be included in the final closing on the property.
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Return to: Duane A. Burns, P.O. Box 2300, Grand Island NE 68802-2300
DEED OF TRUST
THIS DEED OF TRUST is made as of the day of October, 2011, by and among GRAND
ISLAND CHRISTIAN SCHOOLS, Inc., a Nebraska Non-Profit Corporation, ("TRUSTOR"}, whose mailing
address is: 1804 West State Street, Grand Isiand, Nebraska 68801 and DUANE A. BURNS, Attorney at
Law, ("TRUSTEE"), whose mailing address is: P. O. Box 2300, Grand Island, Nebraska 68802 and the
COMMUNiTY REDEVELOPMENT AUTHORITY OF THE CITY O GRAND ISLAND NEBRASKA,
BEMEFICIARY"}, whose mailing address is: P. O. Box 1968, Grand Island, Nebraska 68802.
FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to
Trustee, IN TRUST, WITH POVVER OF SALE, fo the benefit and security of Beneficiary, under and
subject to the terms and conditions of this Deed of Trust, the real property located in the County of Hall,
State of Nebraska, and legally described as follows: (the "Property"):
Lots One (1), Three (3), Five (5}, Seven (7), Eight (8), Nine (9), Ten (10), Eleven
11), Twelve (12), Thirteen (13) and Fourteen (14} of Block Twenty Nine (29) of Gilbert's
Third Addition_ to the City of Grand Island, Hall County, Nebraska.
TOGETHER W1TH all rents, easements, appurtenances, hereditaments, interests in adjoining
roads, streets and alleys, improvements and buiidings of any kind situated thereon and all personal
property that may be or hereafter become an integrai part of such buildings and improvements.
The property and the entire estate and interest conveyed to the Trustee are referred to collectively
as the "Trust Estate".
FOR THE PURPOSE OF SECURING:
a. Payment of indebtedness in the total principal amount of $129,000.00 with no interest thereon,
as evidenced by that certain Promissory Note of even date (the "Note") with a maturity date of November
1, 2021 executed by Trustor which has been delivered and is payable to the order of Beneficiary, and
which by this reference is hereby made a part hereof, and any and all modifications, extensions and
renewals thereof, and,
thereon.
b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with no interest
This Deed of Trust, the Note, and any other instrument given to evidence or further secure the
payment and performance of any obligation secured hereby are referred to collectively as the "Grant
Instruments".
TO PROTECT THE SECURITY OF THIS DEED OF TRUS7:
1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the indebtedness evidenced by
the Note, charges, fees and all other sums as provided in the Grant Instruments.
2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind,
now or hereafter levied against the Trust Estate or any part hereof, before delinquency, without notice or
demand, and shall provide Beneficiary with evidence of the payment of same. Trustor shall pay all taxes
and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the
debt secured hereby, without regard to any law that may be enacted imposing payment of the whofe or
any part thereof upon the Beneficiary.
g D
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0114
3. INSURANCE AND REPAIRS. Trustor shaif maintain fire and extended coverage insurance
insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than
the amount of the unpaid principal balance of the Note (co-insurance not exceeding 80% permitted).
Such insurance policy shall contairr a standard mortgage clause in favor of Beneficiary and shall not be
cancelable, terminable, or modifiable without ten (10) days prior written notice to Beneficiary. Trustor shalf
promptly repair, maintain and replace the Trust Estate or any part thereof so that, except for ordinary wear
and tear, the Trust Estate shall not deteriorate. ln no event shall the Trustor commit waste on or to the
Trust Estate.
4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or
proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and
shall pay all costs and expenses, including cost of evidence of title and attorney's fees, in any such action
or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to
do any act as and in the manner provided in any of the Grant Instruments, Beneficiary and/or Trustee,
each in its own discretion, without'obligation, may make or do the same in such manner and to such
extent as either may deem necessary to protect the security hereofi. Trustor shall, immediately upon
demand therefore by Beneficiary, pay all costs and expenses incurred by Beneficiary in connection with
the exercise by Beneficiary of the foregoing rights; including, without limitation, costs of evidence of title,
court costs, appraisals, surveys and attorney's fees. Any such costs and expenses not paid within ten
10) days of written demand be added to the Principal.
5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken
or damaged by reason of any public improvement or condemnation proceeding, or in any other manner
including deed in lieu of Condemnation ("Condemnation"), or should Trustor receive any notice or other
information regarding such proceeding, Trustor shall give prompt written notice thereof to Benefciary.
Beneficiary shall be entitled to all compensation awards and other payments or relief therefore, and shall
be entitled to make any compromise or settlement in connection with such taking or damage. All such
compensation, awards, damages, rights of action and proceeds awarded to Trustor (the "Proceeds") are
hereby assigned to Benef+ciary; and Trustor agrees to execute such further assignments of the Proceeds
as Beneficiary or Trustee may require.
6. APPOINTMENT OF SUCCESSOFt TRUSTEE. Beneficiary may, from time to time, by a
written instrument and by otherwise complying with the provisions of the applicable law of the State of
Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder.
7. SUCCESSORS AND ASSIGNS. This Deed af Trust applies to, inures to the benefit of and
binds all parties hereto, their successors and assigns. The term "Beneficiary" shall mean the owner and
holder of the Note, whether or not named as Beneficiary herein.
8. INSPECTIONS. Beneficiary, or its agents, representatives or workmen, are authorized to
enter at any reasonable time upon or in any part of the Trustee Estate for the purpose of inspecting the
same and far the purpose of pertorming any of the acts it is authorized to pertorm under the terms of any
Instruments.
9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default
hereunder:
a) Trustor shall have failed to own, occupy and use the "Properiy" as the Grand Island Christian
School for ten (10) consecutive years from date hereof; or,
b) There has occurred a breach of default under any term, covenant, agreement, conditian,
provision, representation, or warranty contained in the Note of this Deed of 7rust.
10. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should an event of default
occur, Beneficiary may declare all indebtedness secured hereby to be due and payable, and the same
shall thereupon became due and payable without any presentment, demand, protest, or notice of any kind.
Thereafter the Beneficiary may:
a) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver
appointed by a Court and without regard to the adequacy of its security, enter upon and take possession
of the Trust Estate, or any part thereof, in its own name or in the name of Trustee, and do any acts which
it deems necessary or desirable to"preserve the value, marketability or rentability of the Trust Estate, or
part thereof or interest therein, increase the income therefrom or protect the security hereof, and with or
without taking possession of the Trust Estate, sue for or otherwise coliect the,rents, issues and profits
thereof, including those past due and unpaid, and apply the same, less costs and expenses of
operation and collection, including attorney's fees, upon any indebtedness secured hereby, all in such
order as Beneficiary may determine. The entering upon and taking possession of the Trust Estate, the
collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure or waive
any default or notice of default hereunder or invalidate any act done in response to such default or
Grand Island Regular Meeting - 11/9/2016 Page 40 / 42
Q11p7499
pursuant to such notice of default and, nofinrithstanding the continuance in possession of the Trust Estate
or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall be entitled
to exercise every right provided for in any of the Grant Instruments or by law upon occurrence of any event
of default, including the right to exercise the power of sale;
b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or
specifically enforce any of the covenants hereof;
c) Deliver to Trustee a written declaration of default and demand for sale, and a written notice of
default and election to cause Trustor's interest in the Trust Estate to be sold, which notice Trustee shall
cause to be duly filed for record in the appropriate Official Records of the County in which the Trust Estate
is located.
11. FORECLOSURE BY POWER OF SALE. Should Beneficiary elect to foreclose by exercise of
the Power of Sale herein contained, Beneficiary shall notify Trustee and shall deposit with Trustee this
Deed of Trust and the Note and such receipts and evidence of expenditures made and secured hereby as
Trustee may require.
a) Upon receipt of such notice from Beneficiary, Trustee shall cause to be recorded, published
and delivered to Trustor such Notice of Default and Notice of Sale as then required by law and by this
Deed of Trust. Trustee shall, without demand on Trustor, after such time as may then be required by law
and after recordation of such Notice of Default and after Notice of Sale having been given as required by
law, sell the Trust Estate at the time and place of sale fixed by it in such Notice of Sale, either as a whole,
or in separate lots or parcels or items as Trustee shall deem expedient, and in such order as it may
determine, at public auction to the highest bidder for cash, in lawful money of the United States, payable at
the time of sale. Trustee shall deliver to such purchaser or purchasers thereof, its good and suffiicient
deed or deeds, conveying the property so sold, but without any covenant or warranty, express or impiied.
The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any
person, including, without limitation, Trustor, Trustee, and Beneficiary, may purchase at such sale, and
Trustor hereby covenants to warrant and defend the title of such purchaser or purchasers.
b) As may be permitted by law, after deducting all costs, fees, expenses of Trustee and of this
Trust, including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale
to payment of (i) all sums expended under the terms hereof, not then repaid, (ii) all other sums then
secured hereby, and (iii) the remainder, if any, to the person or persons legally entitled thereto.
c) Trustee may, in the manner provided by law, postpone sale of all or any portion of the Trustee
Estate.
12. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each of them, shall be entitled
to enforce payment and pertormance of any indebtedness or obligations secured hereby and to exercise
all rights and powers under this Deed of Trust or under any Loan lnstrument or other agreement or any
laws now or hereafter in force, noiwithstanding some or all of the such indebtedness and obligations
secured hereby may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge,
lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement whether
by court action or pursuant to the power of sale or oiher powers herein contained, shall prejudice or in any
manner affect Trustee's or Beneficiary's right to realize upon or enforce any other securiiy now or
hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each of them,
shall be entitled to enforce this Deed of Trust and any other security now or hereafter held by Beneficiary
or Trustee, in such order and manner as they or either of them may in their absolute discretion determine.
No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any
other remedy herein or by law provided or permitted, but each shall be cumulative and shall be in addition
to every other remedy given hereunder or now or hereafter existing at law or in equity or by Statute. Every
power or remedy given by any of the Grant Instruments to Trustee or Beneficiary or to which either
of them may be otherwise entitled, may be exercised, concurrently or independently, from time to time,
and as often as may be deemed expedient by Trustee or Beneficiary; and either of them may pursue
inconsistent remedies. Nothing herein shall be construed as prohibiting Beneficiary from seeking a
deficiency judgment against the Trustor to the extent such action is permitted by law.
13. REQUEST FOR NOTICE. Trustor hereby requests a copy of any notice of default, and that
any notice of sale hereunder be mailed to it at the address set forth in the first paragraph of this Deed of
Trust.
14. GOVERNING LAW. This Deed of Trust shall be governed by the laws of the State of
Nebraska. In the event that any provision or clause of any of the Grant Instruments conflicts with
applicable laws, such conflicts shall not affect other provisions of such Grant Instruments which can be
given effect without the conflicting provisions; and to this end, the provisions of the Grant Instruments are
declared to be severable. This instrument cannot be waived, changed, discharged, or terminated orally,
but only by an instrument in writing signed by the party against whom enforcement of any waiver, change,
discharge or termination is sought.
15. RECONVEYANCE BY TRUSTEE. Upon written request of Beneficiary stating that all sums
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20i1079
secured hereby have been satisfied, and upon surrender of this Deed of Trust and the Note to Trustee for
cance{lation and retention and upon payment by Trustor of Trustee's fees, Trustee shall reconvey to
Trustor, or the person or persons IegaNy entitled thereto, without warranty, any portion of the Trust Estate
then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof
of the truthfulness thereof. The grantee in any reconveyance may be described as "the person or persons
legally entitled thereto".
16. NOTICES. Whenever Beneficiary, Trustor, or 7rustee shall desire to give or serve any
notice, demand, request or other communication with respect to this Deed of Trust, each such notice,
demand, request or other cammunication shall be in writing and shall be effective only if the same is
delivered by personal service or mailed by certified mail, postage prepaid, return receipt requested,
addressed to the address set forth at the beginning of this Deed of Trust. Any party may at this time
change its address for such notices by delivering or mailing to the other parties hereto, as aforesaid, a
notice of such change.
17. ACCEPTANCE BY TRUSTEE. Trustee accepts this Trust when this Deed of Trust, duly
executed and acknowledged, is made a public record as provided by law.
IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the day and year first
above written. Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged, is
made a public record as provided by law.
GRAND ISLAND CHRISTIAN SCHOOL5, INC.,
A NEBRASKA NON-PROFIT CORPORATION,
STATE OF NEBRASKA )
ss.
COUNTY OF HALL )
i.I J . ...'.
ir:L-11ilIIC?'ll"",12 - - • -
On this day of October, 2011, before me a Notary Public in and for said county and state,
personaliy appeared Ttms`S 11, (xa.vdr , President of Grand Island Christian Schools, Inc, a
Nebraska Non-Profit Corporation, and acknowledged the execution thereof to be his voluntary act and
deed and the voluntary act and deed of the Corporation.
tERAI. NOTAf • ofNebrask8
ROSEUNDA WOt CO..IJ\(0.,
Notary Public
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