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10-18-2017 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Packet Board Members: Tom Gdowski - Chairman Glen Murray – Vice Chairman Sue Pirnie Glenn Wilson Krae Dutoit 4:00 PM City Hall Grand Island Regular Meeting - 10/18/2017 Page 1 / 133 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 - 10/18/2017 Page 2 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item A1 Agenda 10-18-17 Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 3 / 133 Grand Island Regular Meeting - 10/18/2017 Page 4 / 133 Grand Island Regular Meeting - 10/18/2017 Page 5 / 133 COMMUNITY REDEVELOPMENT AUTHORITY AGENDA MEMORANDUM 4 p.m. Wednesday, October 18, 2017 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 August 10, 2017, are submitted for approval. A MOTION is in order. 3.APPROVAL OF FINANCIAL REPORTS. Financial reports for the period of September 1 through 30, 2017 are submitted for approval. A MOTION is in order. 4.APPROVAL OF BILLS. Payment of bills in the amount of $232,282.15 is submitted for approval. A MOTION is in order. 5.REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. 6.REDEVELOPMENT PLAN AMENDMENT – HUSKER HARVEST DAYS. The Regional Planning Commission approved Resolution 2018-01 at its Oct. 11, 2017 meeting. The commission found that the Redevelopment Plan for Husker Harvest Days by owner Farm Progress Companies, Inc. is in compliance with the Comprehensive Plan for the City of Grand Island. The redevelopment plan for CRA Area No. 25 for a Site Specific Redevelopment Plan at a formerly used defense site calls for $7 million in upgrades to the electrical distribution, drainage and paving to the show site. A proposed $2 million of public funds from Grand Island’s food and beverage occupation tax would aid in the redevelopment. A MOTION to approve Resolution 250 (to forward to city council) is in order. 7.REDEVELOPMENT PLAN AMENDMENT – O’NEILL WOOD RESOURCES. The Regional Planning Commission approved Resolution 2018-02 at its Oct. 11, 2017 meeting. The commission found that the Redevelopment Plan for O’Neill Wood Resources is in compliance with the Comprehensive Plan for the City of Grand Island. The redevelopment plan for CRA Area No. 20 for a Site Specific Redevelopment Plan at a formerly used defense site calls for 58 acres at 7100 W. Old Potash Highway to be redeveloped. The request is for $209,000 in tax-increment financing to assist with site acquisition, grading, site preparation, utility extensions and private roads for development of a construction and demolition landfill and associated buildings. A MOTION to approve Resolution 251 (to forward to city council) is in order. Grand Island Regular Meeting - 10/18/2017 Page 6 / 133 8.REDEVELOPMENT PLAN AMENDMENT – MENDEZ ENTERPRISES. The Regional Planning Commission approved Resolution 2018-03 at its Oct. 11, 2017 meeting. The commission found that the Redevelopment Plan for Mendez Enterprises is in compliance with the Comprehensive Plan for the City of Grand Island. The redevelopment plan for CRA Area No. 6 calls for a Site Specific Redevelopment Plan in an area along Old Lincoln Highway between Carey and Waldo avenues. The request from Mendez Enterprises is for $886,965 in tax-increment financing to assist with the redevelopment of commercial lots. A MOTION to approve Resolution 252 (to forward to city council) is in order. 9.REDEVELOPMENT PLAN AMENDMENT – URBAN ISLAND LLC – KINKAIDER. Concerning an amendment to the redevelopment plan for CRA Area No. 1 for a Site Specific Redevelopment Plan at 320-322 N. Pine. The request from Urban Island LLC for Kinkaider Brewing Company calls for redevelopment of the kitchen/party room into mixed use for six apartments and two retail tenant spaces. The plan requests $164,181 in tax increment financing for $115,000 of direct aid to the project. The CRA may forward the plan to the Regional Planning Commission for review and to the Grand Island City Council to give 30-day notice of a potential development contract. A MOTION to approve Resolution 253 (forward to Regional Planning Commission) and Resolution 254 (30-day intent notice to city council) is in order. 10.FIRE AND LIFE SAFETY GRANT REQUEST – URBAN ISLAND LLC - KINKAIDER. Urban Island LLC is proposing to redevelop 320-322 N. Pine to include three upper- story one-bedroom apartments and three upper-story two-plus bedroom apartments. The Life Safety grant allows up to $15,000 per one-bedroom unit on an upper story and up to $20,000 per two-plus bedroom unit. The maximum grant allowed on this request would be $105,000 ($45,000 for the one-bedroom and $60,000 for the two- bedrooms.) A MOTION is in order. 11.FAÇADE GRANT REQUESTS. The CRA Façade Grant Review Commission met on October 10 with architect Brad Kissler. The committee forwarded the following recommendations for funding: Urban Island-Kinkaider, $100,000 for fiscal year 2017-18 and $68,677 for fiscal year 2018-19 for 320-322 N. Pine; Staab Management, $106,500 for fiscal year 2017-18 for Fonner Court at 1512-1608 S. Locust; and Hedde Building, $100,000 for fiscal year 2017-18 and $100,000 each for fiscal year 2018-19 and 2019-20 for 201-205 W. Third St. A MOTION is in order. 12.APPROVE RESOLUTION TO PURCHASE/SELL REAL ESTATE. None. 13.DIRECTOR’S REPORT. This is an opportunity for the director to communicate on going actions and activities to the board and public. Grand Island Regular Meeting - 10/18/2017 Page 7 / 133 14. ADJOURNMENT. Chad Nabity Director Grand Island Regular Meeting - 10/18/2017 Page 8 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item B1 Minutes 9-20-17 Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 9 / 133 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF September 20, 2017 Pursuant to due call and notice thereof, a Meeting of the Community Redevelopment Authority of the City of Grand Island, Nebraska was conducted on September 20, 2017 at City Hall 100 E. First Street. Notice of the meeting was given in the September 13, 2017 Grand Island Independent. 1.CALL TO ORDER. Chairman Tom Gdowski called the meeting to order at 4:02 p.m. The following members were present: Glen Murray, Glenn Wilson and Krae Dutoit. CRA Member Sue Pirnie was absent. Also present were: Director Chad Nabity, Planning Administrative Assistant Tracy Overstreet, Finance Director Renae Jimenez, Billy Clingman and Brian Schultz from the Grand Island Finance Department, City Administrator Marlan Ferguson and Council President 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 the Minutes for the August 10, 2017 meeting was made by Wilson and seconded by Dutoit. Gdowski asked that his absence from the August 10 meeting be noted in the minutes. Upon roll call vote, all present voted aye. Motion carried 4-0. 3.APPROVAL OF FINANCIAL REPORTS. Clingman reviewed the financials from August 1 to August 31. A motion for approval of the financial reports was made by Murray and seconded by Wilson. Upon roll call vote, all present voted aye. Motion carried 4-0. 4.APPROVAL OF BILLS. The bills, which included a $100,000 façade grant payout for Bosselman corporate and numerous TIF pass through payments, were reviewed by Gdowski. A motion was made by Murray and seconded by Dutoit to approve the bills in the amount of $659,022.70 Upon roll call vote, all present voted aye. Motion carried 4-0. 5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY. Nabity provided an overview of the committed projects. He said the South Locust landscaping improvements are set to occur in October or next spring, depending upon the weather, so that payout will be next fiscal year. Other payouts next year include the Labor Temple Apartments, which have not concluded occupancy checks yet; Grand Island Regular Meeting - 10/18/2017 Page 10 / 133 Othy’s Place, which is waiting on Vitrolite installation; and Auto America on its façade. The Bosselman corporate project is complete for façade, he said. The CRA has received two purchase offers on 408 E. Second and is still taking proposals on 3235 S. Locust and the Ron’s Transmission lot downtown. 6.TIF CONTRACT APPROVAL – PRATARIA VENTURES. Prataria Ventures LLC has requested $15.8 million of tax-increment financing assistance for a three- phase development, which includes a hospital, medical office building and hotel. The CRA passed Resolution 221 on July 27, 2016 notifying the city council of its intent to enter into a redevelopment contract. The Regional Planning Commission met on August 10, 2016 and passed Resolution 2016-07 finding that this plan amendment is consistent with the comprehensive plan for the City of Grand Island. The Grand Island City Council passed Resolution 2016-207 at its meeting on August 23, 2016. Nabity said the original tax-increment financing value was estimated at $27.8 million, but a more conservative number of $15.9 million is now being used. The eligible TIF expenses include infrastructure and grading. Nabity said three bonds will be issued for the project. Andrew Willis of Cline Williams law firm said his client is planning the same three-phase project as originally proposed. The total valuation at completion should be around $75 million. They expect to use the $15.8 million in TIF for streets, utilities, stormwater and drainage. Willis said construction completion is expected in mid-2019. Nabity said the hospital has a 24-month build time. The medical office building and hotel each have an 18-month build time. Nabity said this area was first considered for retail redevelopment in 2007, but the economy turned and the property has been cornfield since. A motion was made by Murray and seconded by Wilson to approve Resolution 243 for the Prataria Ventures redevelopment contract and for the bond note. Upon roll call vote, all present voted aye. Motion carried 4-0. 7.REDEVELOPMENT PLAN AMENDMENT – HUSKER HARVEST DAYS. Concerning an amending to the redevelopment plan for CRA Area No. 25 for a Site Specific Redevelopment Plan at a formerly used defense site for Husker Harvest Days by Farm Progress Companies Inc. They have plans to make $7 million in upgrades to the electrical distribution, drainage and paving to the show site. A proposed $2 million of public funds from Grand Island’s food and beverage occupation tax would aid in the redevelopment. Nabity said the CRA will need a contract with the city for a 20-year contract and bond that will be repaid by food and beverage tax receipts at $100,000 a year. That contract is still being prepared. Nabity said Farm Progress is committing to put on a three-day show annually for 20 years and if not, will need to repay the balance of the bond, which is forgiven at $100,000 a year. As an example, Nabity said if Farm Progress does 10 years worth of shows and then ceases, it would need to repay $1 million of bonds. He said the Grand Island Regular Meeting - 10/18/2017 Page 11 / 133 land for the show is zone SE-AG Special Events Agriculture and was identified in the Hall County Reuse Plan for the Cornhusker Army Ammunition Plant site. Matt Jungmann, the national shows coordinator for Farm Progress Companies, detailed the $7 million of upgrades to the show site that he believes will make the site a state-of-the art facility for corporate shows to continuing exhibiting at Husker Harvest Days. City Administrator Marlan Ferguson spoke in favor of the redevelopment plan. Also speaking in favor of the plan were Grand Island Area Chamber of Commerce President Cindy Johnson, Grand Island Area Economic Development Corporation President Dave Taylor and former Grand Island Mayor Ken Gnadt. A motion was made by Dutoit and seconded by Wilson to approve Resolution 244 to forward the plan to the Regional Planning Commission and Resolution 245 to give 30-day intent notice to the Grand Island City Council for a site specific redevelopment plan. Upon roll call vote, all present voted aye. Motion carried 4-0. 8.REDEVELOPMENT PLAN AMENDMENT – O’NEILL WOOD RESOURCES. Concerning an amending to the redevelopment plan for CRA Area No. 20 for a Site Specific Redevelopment Plan at a formerly used defense site for 58 acres at 7100 W. Old Potash Highway by O’Neill Wood Resources. The request is for $209,000 in tax-increment financing to assist with site acquisition, grading, site preparation, utility extensions and private roads for development of a construction and demolition landfill and associated buildings. Nabity said the nearest construction and demolition landfill is in Elba. Nabity said the former Cornhusker Army Ammunition Plant is a great location for this type of business because the zoning prohibits home development. O’Neill said the tax-increment financing would be used toward the development of the recycling center. He said about 10 to 15 jobs are expected to be created with the project. A motion was made by Murray and seconded by Dutoit to approve Resolution 246 to forward the plan to the Regional Planning Commission and Resolution 247 to give 30-day intent notice to the Grand Island City Council for a site specific redevelopment plan. Upon roll call vote, three present voted aye (Murray, Dutoit, Wilson). Motion carried 3-0. Gdowski abstained. 9.REDEVELOPMENT PLAN AMENDMENT-MENDEZ ENTERPRISES. Concerning an amending to the redevelopment plan for CRA Area No. 6 for a Site Specific Redevelopment Plan in an area along Old Lincoln Highway between Carey and Waldo avenues. The request from Mendez Enterprises is for $886,965 Grand Island Regular Meeting - 10/18/2017 Page 12 / 133 in tax-increment financing to assist with the redevelopment of commercial lots, into a trampoline center, an educational facility, a diner and an office. Architect Ken Fredrick said owner Vince Mendez will be putting $7.2 million of investment in the area. He’s already purchased buildings in that area, done clean up, landscaping and added parking. Mendez said he is a third-generation mechanic and wants to develop the area as a campus for a technology school. He estimated job creation to be 20 to 25 employees in the four to five buildings. Grand Island Area Chamber of Commerce President Cindy Johnson said Mendez has a passion for his work and sharing training skills. Gdowski said the project is aggressive and has many different directions. He asked if Mendez had a financial commitment letter from a bank. Mendez said he didn’t realize one was needed, but he could get one to submit. A motion was made by Murray and seconded by Dutoit to approve Resolution 248 to forward the plan to the Regional Planning Commission and Resolution 249 to give 30-day intent notice to the Grand Island City Council for a site specific redevelopment plan contingent upon Mendez submitting a financial commitment letter from a bank. Upon roll call vote, three present voted aye (Murray, Dutoit, Wilson) and one voted no (Gdowski). Motion carried 3-1. 10.DEMOLITION GRANT – HABITAT FOR HUMANITY. Habitat for Humanity has requested a demolition and clean-up grant of up to $14,000 in the event the non-profit can successfully purchase a substandard house at 1812 W. 11th Street. The house is located in Redevelopment Area No. 6. A motion was made by Wilson and seconded by Dutoit to approve a grant of up to $14,000 to Habitat for Humanity for 1812 W. 11th Street. Upon roll call vote, all present voted aye. Motion carried 4-0. 11.APPROVE RESOLUTION TO PURCHASE/SELL REAL ESTATE. Consideration of offer(s) to sell 408 E. Second Street. The CRA bought the property in 2005 for $6,000 after a fire damaged the home there. A motion was made by Murray and seconded by Wilson to go into closed session to discuss a possible sale. Upon roll call vote, all present voted aye. Motion carried 4-0. The CRA went into closed session at 5:24 p.m. The CRA returned to open session at 5:35 p.m. A motion was made by Murray and seconded by Dutoit to accept a $15,000 purchase offer from Weinrich Developments and authorized the chairman to sign. Upon roll call vote, three present voted aye (Murray, Dutoit, Wilson.) Motion carried 3-0. Gdowski abstained. Grand Island Regular Meeting - 10/18/2017 Page 13 / 133 12.DIRECTOR’S REPORT. Nabity said there are several façade grant requests that will come forward at the upcoming meeting at the start of the fiscal year. 13.RECESS TO TOUR OF TEMPLE LOFT APARTMENTS/ADJOURNMENT. Nabity said Temple Lofts owner Tom Ziller was at his property at 210 N. Walnut and could give tours to CRA members and the public who desired to see the project following the meeting. The lofts will also be open from 10 a.m. to 5 p.m. September 30 as part of the Central Nebraska Home Builders tour, which costs $5. The lofts will also be open free during the Railside tours from 1 to 4 p.m. Oct. 8 and during a Chamber ribbon cutting event at 10 a.m. October 13. Gdowski adjourned the meeting at 5:50 p.m. The next meeting is scheduled for 4 p.m., Wednesday, October 18, 2017. Respectfully submitted Chad Nabity Director Grand Island Regular Meeting - 10/18/2017 Page 14 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item C1 Financials Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 15 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 1,034,073 843,818 REVENUE: Property Taxes - CRA 156,459 567,931 566,972 - 100.17% Property Taxes - Lincoln Pool 57,854 187,634 195,863 10,416 95.80% Property Taxes -TIF's 267,196 1,131,188 1,809,856 727,884 62.50% Loan Income (Poplar Street Water Line)- - 8,000 8,000 0.00% Interest Income - CRA 23 244 300 56 81.32% Interest Income - TIF'S 1 5,123 23,720 18,597 21.60% Land Sales - - 250,000 250,000 0.00% Other Revenue - CRA 5,420 13,875 130,000 116,125 10.67% Other Revenue - TIF's - 10,082 - - #DIV/0! TOTAL REVENUE 486,952 1,916,077 2,984,710 1,131,079 64.20% TOTAL RESOURCES 1,521,026 1,916,077 3,828,529 1,131,079 EXPENSES Auditing & Accounting - 4,475 5,000 525 89.50% Legal Services - 613 3,000 2,387 20.43% Consulting Services - - 5,000 5,000 0.00% Contract Services 7,026 50,366 75,000 24,634 67.16% Printing & Binding - - 1,000 1,000 0.00% Other Professional Services 205 5,158 16,000 10,842 32.24% General Liability Insurance - - 250 250 0.00% Postage 77 136 200 64 67.87% Life Safety - - 265,000 265,000 0.00% Legal Notices 17 207 500 293 41.31% Travel & Training - 100 1,000 900 10.02% Other Expenditures - - - - #DIV/0! Office Supplies - 72 1,000 928 7.17% Supplies - - 300 300 0.00% Land - 3,798 50,000 46,203 7.60% Bond Principal - Lincoln Pool - 175,000 175,000 - 100.00% Bond Interest - 21,388 20,863 - 102.51% Façade Improvement - 1,000 200,000 199,000 0.50% Building Improvement 300,000 500,303 835,148 334,845 59.91% Other Projects - 50,000 50,000 0.00% Bond Principal-TIF's 351,698 1,117,816 1,815,774 713,498 61.56% Bond Interest-TIF's - 17,462 17,463 1 100.00% Interest Expense - - - - #DIV/0! TOTAL EXPENSES 659,023 1,897,893 3,537,498 1,655,670 53.65% INCREASE(DECREASE) IN CASH (172,070) 18,184 (552,788) ENDING CASH 862,003 18,184 291,031 - CRA CASH 564,903 Lincoln Pool Tax Income Balance 240,280 TIF CASH 56,820 Total Cash 862,003 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 Grand Island Regular Meeting - 10/18/2017 Page 16 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 GENERAL OPERATIONS: Property Taxes - CRA 156,459 567,931 548,641 - 103.52% Property Taxes - Lincoln Pool 57,854 187,634 198,050 10,416 94.74% Interest Income 23 244 300 56 81.32% 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 5,420 13,875 130,000 116,125 10.67% TOTAL 219,756 769,684 1,134,991 384,597 67.81% GENTLE DENTAL Property Taxes 5,713 3,598 - 158.78% Interest Income 0 2 404 402 0.42% TOTAL 0 5,715 4,002 402 142.79% PROCON TIF Property Taxes 27,243 15,601 - 174.63% Interest Income 1 5 4,101 4,096 0.13% TOTAL 1 27,249 19,702 4,096 138.30% WALNUT HOUSING PROJECT Property Taxes 57,918 55,257 - 104.82% Interest Income 5,116 19,215 14,099 26.62% Other Revenue 10,082 - TOTAL - 73,116 74,472 14,099 98.18% BRUNS PET GROOMING Property Taxes 13,900 13,500 - 102.96% TOTAL - 13,900 13,500 - 102.96% GIRARD VET CLINIC Property Taxes 5,509 14,500 8,991 37.99% TOTAL - 5,509 14,500 8,991 37.99% GEDDES ST APTS-PROCON Property Taxes 13,369 27,888 30,000 2,112 92.96% TOTAL 13,369 27,888 30,000 2,112 92.96% SOUTHEAST CROSSING Property Taxes 1,525 15,352 18,000 2,648 85.29% TOTAL 1,525 15,352 18,000 2,648 85.29% POPLAR STREET WATER Property Taxes 4,134 12,050 8,000 - 150.63% TOTAL 4,134 12,050 8,000 - 150.63% CASEY'S @ FIVE POINTS Property Taxes 6,736 14,051 10,000 - 140.51% TOTAL 6,736 14,051 10,000 - 140.51% SOUTH POINTE HOTEL PROJECT Property Taxes 83,682 90,000 6,318 92.98% TOTAL - 83,682 90,000 6,318 92.98% Grand Island Regular Meeting - 10/18/2017 Page 17 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 TODD ENCK PROJECT Property Taxes 3,084 6,434 6,000 - 107.23% TOTAL 3,084 6,434 6,000 - 107.23% JOHN SCHULTE CONSTRUCTION Property Taxes 6,092 6,000 - 101.54% TOTAL - 6,092 6,000 - 101.54% PHARMACY PROPERTIES INC Property Taxes 5,668 11,824 11,000 - 107.49% TOTAL 5,668 11,824 11,000 - 107.49% KEN-RAY LLC Property Taxes 21,724 45,346 85,000 39,654 53.35% TOTAL 21,724 45,346 85,000 39,654 53.35% TOKEN PROPERTIES RUBY Property Taxes 1,410 2,942 1,500 - 196.11% TOTAL 1,410 2,942 1,500 - 196.11% GORDMAN GRAND ISLAND Property Taxes 53,235 40,000 - 133.09% TOTAL - 53,235 40,000 - 133.09% BAKER DEVELOPMENT INC Property Taxes 1,661 5,152 3,000 - 171.74% TOTAL 1,661 5,152 3,000 - 171.74% STRATFORD PLAZA INC Property Taxes 32,978 35,000 2,022 94.22% TOTAL - 32,978 35,000 2,022 94.22% COPPER CREEK 2013 HOUSES Property Taxes 27,351 72,653 80,000 7,347 0.00% TOTAL 27,351 72,653 80,000 7,347 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 17,352 36,197 40,000 3,803 90.49% TOTAL 17,352 36,197 40,000 3,803 0.00% TOKEN PROPERTIES KIMBALL ST Property Taxes 2,627 2,700 73 97.29% TOTAL - 2,627 2,700 73 0.00% GI HABITAT OF HUMANITY Property Taxes 1,972 4,113 8,000 3,887 51.41% TOTAL 1,972 4,113 8,000 3,887 0.00% Grand Island Regular Meeting - 10/18/2017 Page 18 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 AUTO ONE INC Property Taxes 6,178 11,000 4,822 56.16% TOTAL - 6,178 11,000 4,822 0.00% EIG GRAND ISLAND Property Taxes 34,044 71,016 50,000 (21,016) 142.03% TOTAL 34,044 71,016 50,000 (21,016) 0.00% TOKEN PROPERTIES CARY ST Property Taxes 7,974 8,000 26 99.67% TOTAL - 7,974 8,000 26 0.00% WENN HOUSING PROJECT Property Taxes 2,074 4,327 4,200 (127) 103.01% TOTAL 2,074 4,327 4,200 (127) 0.00% COPPER CREEK 2014 HOUSES Property Taxes 104,224 253,290 200,000 (53,290) 126.65% TOTAL 104,224 253,290 200,000 (53,290) 0.00% TC ENCK BUILDERS Property Taxes 215 3,000 2,785 7.16% TOTAL - 215 3,000 2,785 0.00% SUPER MARKET DEVELOPERS Property Taxes - 20,000 20,000 0.00% TOTAL - - 20,000 20,000 0.00% MAINSTAY SUITES Property Taxes 45,159 25,000 (20,159) 180.64% TOTAL - 45,159 25,000 (20,159) 0.00% TOWER 217 Property Taxes 1,289 15,759 12,000 (3,759) 131.33% TOTAL 1,289 15,759 12,000 (3,759) 0.00% COPPER CREEK 2015 HOUSES Property Taxes 16,643 40,174 - (40,174) TOTAL 16,643 40,174 - (40,174) NORTHWEST COMMONS Property Taxes 138,080 - (138,080) TOTAL - 138,080 - (138,080) HABITAT - 8TH & SUPERIOR Property Taxes 2,116 4,412 (4,412) TOTAL 2,116 4,412 - (4,412) KAUFMAN BUILDING Property Taxes 818 1,706 (1,706) TOTAL 818 1,706 - (1,706) TOTAL REVENUE 486,952 1,916,077 2,968,567 1,131,079 64.55% Grand Island Regular Meeting - 10/18/2017 Page 19 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 EXPENSES - CRA GENERAL OPERATIONS: Auditing & Accounting 4,475 5,000 525 89.50% Legal Services 613 3,000 2,387 20.43% Consulting Services - 5,000 5,000 0.00% Contract Services 7,026 50,366 75,000 24,634 67.16% Printing & Binding - 1,000 1,000 0.00% Other Professional Services 205 5,158 16,000 10,842 32.24% General Liability Insurance - 250 250 0.00% Postage 77 136 200 64 67.87% Lifesafety Grant - 265,000 265,000 0.00% Legal Notices 17 207 500 293 41.31% Travel & Training 100 1,000 900 10.02% Office Supplies 72 1,000 928 7.17% Supplies - 300 300 0.00% Land 3,798 50,000 46,203 7.60% Bond Principal - Lincoln Pool 175,000 175,000 - 100.00% Bond Interest - Lincoln Pool 21,388 20,863 - 102.51% PROJECTS Façade Improvement 1,000 200,000 199,000 0.50% Building Improvement 300,000 500,303 835,148 334,845 0.00% Other Projects - 50,000 50,000 0.00% TOTAL CRA EXPENSES 307,325 762,615 1,704,261 942,171 44.75% GENTLE DENTAL Bond Principal 3,917 3,917 0 99.99% Bond Interest 285 285 - 100.14% TOTAL GENTLE DENTAL - 4,202 4,202 0 100.00% PROCON TIF Bond Principal 16,416 16,416 - 100.00% Bond Interest 2,746 2,747 1 99.95% TOTAL PROCON TIF - 19,162 19,163 1 99.99% WALNUT HOUSING PROJECT Bond Principal 60,041 60,041 0 100.00% Bond Interest 14,431 14,431 - 100.00% TOTAL - 74,472 74,472 0 100.00% BRUNS PET GROOMING Bond Principal 13,900 13,500 - 102.96% TOTAL - 13,900 13,500 - 102.96% GIRARD VET CLINIC Bond Principal 5,509 14,500 8,991 37.99% TOTAL - 5,509 14,500 8,991 37.99% GEDDES ST APTS - PROCON Bond Principal 13,369 27,888 30,000 2,112 92.96% TOTAL 13,369 27,888 30,000 2,112 92.96% Grand Island Regular Meeting - 10/18/2017 Page 20 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 SOUTHEAST CROSSINGS Bond Principal 1,525 15,352 18,000 2,648 85.29% TOTAL 1,525 15,352 18,000 2,648 85.29% POPLAR STREET WATER Bond Principal 4,564 11,621 8,000 - 145.26% TOTAL 4,564 11,621 8,000 - 145.26% CASEY'S @ FIVE POINTS Bond Principal 6,736 14,051 10,000 - 140.51% TOTAL 6,736 14,051 10,000 - 140.51% SOUTH POINTE HOTEL PROJECT Bond Principal 40,117 83,682 90,000 6,318 92.98% TOTAL 40,117 83,682 90,000 6,318 92.98% TODD ENCK PROJECT Bond Principal 3,084 6,434 6,000 - 107.23% TOTAL 3,084 6,434 6,000 - 107.23% JOHN SCHULTE CONSTRUCTION Bond Principal 6,092 6,000 - 101.54% TOTAL - 6,092 6,000 - 101.54% PHARMACY PROPERTIES INC Bond Principal 5,668 11,824 11,000 - 107.49% TOTAL 5,668 11,824 11,000 - 107.49% KEN-RAY LLC Bond Principal 21,724 45,346 85,000 39,654 53.35% TOTAL 21,724 45,346 85,000 39,654 53.35% TOKEN PROPERTIES RUBY Bond Principal 1,410 2,942 1,500 (1,442) 196.11% TOTAL 1,410 2,942 1,500 (1,442) 196.11% GORDMAN GRAND ISLAND Bond Principal 25,521 53,235 40,000 (13,235) 133.09% TOTAL 25,521 53,235 40,000 (13,235) 133.09% BAKER DEVELOPMENT INC Bond Principal 1,661 5,152 3,000 (2,152) 171.74% TOTAL 1,661 5,152 3,000 (2,152) 171.74% STRATFORD PLAZA LLC Bond Principal 15,809 32,978 35,000 2,022 94.22% TOTAL 15,809 32,978 35,000 2,022 94.22% COPPER CREEK 2013 HOUSES Bond Principal 29,541 74,320 80,000 5,680 92.90% TOTAL 29,541 74,320 80,000 5,680 92.90% Grand Island Regular Meeting - 10/18/2017 Page 21 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 CHIEF INDUSTRIES AURORA COOP Bond Principal 17,352 36,197 40,000 3,803 90.49% TOTAL 17,352 36,197 40,000 3,803 90.49% TOKEN PROPERTIES KIMBALL STREET Bond Principal 2,627 2,700 73 97.29% TOTAL - 2,627 2,700 73 97.29% GI HABITAT FOR HUMANITY Bond Principal 1,972 4,113 8,000 3,887 51.41% TOTAL 1,972 4,113 8,000 3,887 51.41% AUTO ONE INC Bond Principal 6,178 11,000 4,822 56.16% TOTAL - 6,178 11,000 4,822 56.16% EIG GRAND ISLAND Bond Principal 34,044 71,016 50,000 (21,016) 142.03% TOTAL 34,044 71,016 50,000 (21,016) 142.03% TOKEN PROPERTIES CARY STREET Bond Principal 7,974 8,000 26 99.67% TOTAL - 7,974 8,000 26 99.67% WENN HOUSING PROJECT Bond Principal 2,074 4,327 4,200 (127) 103.01% TOTAL 2,074 4,327 4,200 (127) 103.01% COPPER CREEK 2014 HOUSES Bond Principal 104,371 249,398 200,000 (49,398) 124.70% TOTAL 104,371 249,398 200,000 (49,398) 124.70% 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 45,159 25,000 (20,159) 180.64% TOTAL - 45,159 25,000 (20,159) 180.64% TOWER 217 Bond Principal 284 14,471 12,000 (2,471) 120.59% TOTAL 284 14,471 12,000 (2,471) 120.59% COPPER CREEK 2015 HOUSES Bond Principal 16,647 40,171 - (40,171) TOTAL 16,647 40,171 (40,171) Grand Island Regular Meeting - 10/18/2017 Page 22 / 133 MONTH ENDED 2016-2017 2017 REMAINING % OF BUDGET September-17 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2017 NORTHWEST COMMONS Bond Principal 1,289 139,369 - (139,369) TOTAL 1,289 139,369 (139,369) HABITAT - 8TH & SUPERIOR Bond Principal 2,116 4,412 - (4,412) TOTAL 2,116 4,412 (4,412) KAUFMAN BUILDING Bond Principal 818 1,706 - (1,706) TOTAL 818 1,706 (1,706) FUTURE TIF'S Bond Principal - - 900,000 900,000 0.00% TOTAL - - 900,000 900,000 0.00% TOTAL EXPENSES 659,023 1,897,893 3,537,498 1,655,670 53.65% Grand Island Regular Meeting - 10/18/2017 Page 23 / 133 10/10/2017 10:35 |CITY OF GRAND ISLAND |P 1 briansc |BALANCE SHEET FOR 2017 12 |glbalsht NET CHANGE ACCOUNT FUND: 900 COMMUNITY REDEVELOPMENT AUTHOR FOR PERIOD BALANCE__________________________________________________________________________________________________________ ASSETS 900 11110 OPERATING CASH -172,070.27 862,002.87 900 11120 COUNTY TREASURER CASH .00 114,460.48 900 11305 PROPERTY TAXES RECEIVABLE .00 80,176.00 900 14100 NOTES RECEIVABLE .00 365,077.58 900 14700 LAND .00 575,369.33_______________________________________ TOTAL ASSETS -172,070.27 1,997,086.26_______________________________________ LIABILITIES 900 22100 LONG TERM DEBT .00 -281,669.00 900 22200 ACCOUNTS PAYABLE .00 -2,500.00 900 22400 OTHER LONG TERM DEBT .00 -1,280,000.00 900 22900 ACCRUED INTEREST PAYABLE .00 -6,289.06 900 25100 ACCOUNTS PAYABLE .00 -2,587.06 900 25315 DEFERRED REVENUE-PROPERY TAX .00 -5,914.00 900 25316 DEFERRED REVENUE-YR END ADJ .00 67,933.18_______________________________________ TOTAL LIABILITIES .00 -1,511,025.94_______________________________________ FUND BALANCE 900 39107 BUDGETARY FUND BAL - UNRESERVD .00 552,787.93 900 39110 INVESTMENT IN FIXED ASSETS .00 -575,369.33 900 39112 FUND BALANCE-BONDS .00 1,250,994.94 900 39120 UNRESTRICTED FUND BALANCE .00 -1,143,501.54 900 39130 ESTIMATED REVENUES .00 2,984,710.07 900 39140 ESTIMATED EXPENSES .00 -3,537,498.00 900 39500 REVENUE CONTROL -486,952.43 -1,916,077.05 900 39600 EXPENDITURE CONTROL 659,022.70 1,897,892.66_______________________________________ TOTAL FUND BALANCE 172,070.27 -486,060.32_______________________________________ TOTAL LIABILITIES + FUND BALANCE 172,070.27 -1,997,086.26======================================= ** END OF REPORT - Generated by Brian Schultz ** Grand Island Regular Meeting - 10/18/2017 Page 24 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item D1 Bills Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 25 / 133 18-Oct-17 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 for Sept.$ 3,255.66 Accounting fees Oct-Dec 2017 $ 450.00 Grand Island Independent legal notices $ 17.49 Lawnscape 225 S. Plum $ 88.00 408 E. 2nd $ 76.00 Mayer, Burns & Koenig Sale agreement for 408 E. 2nd $ 195.00 First National Bank/Tom Ziller-210 N. Walnut Life Safety grant $ 175,000.00 Façade grant $ 53,200.00 Total:$ 232,282.15 Grand Island Regular Meeting - 10/18/2017 Page 26 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item E1 Committed Projects Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 27 / 133 COMMITTED PROJECTS REMAINING GRANT AMOUNT 2018 FISCAL YR 2019 FISCAL YR 2020 FISCAL YR ESTIMATED COMP Auto America-3036 S. Locust (4-12-17) $ 80,000.00 $ 80,000.00 Fall 2017 Federation of Labor - Ziller Residential Grant (10/12/16) $ 60,000.00 $ 60,000.00 2018 Federation of Labor - Ziller Facade Grant (10/12/16) $ 53,200.00 $ 53,200.00 2018 Othy's Place - 724 W. 3rd - Lindell (10/12/16) $ 26,961.00 $ 26,961.00 2017 sign, 2018 façade $34,899.18 paid March 15, 2017 South Locust/Fonner Park BID (7/13/16) $ 30,000.00 $ 30,000.00 Spring 2018 Wing Properties - 110-114 E 3rd St (9/9/15) $ 167,016.00 $ 167,016.00 2018 Total Committed $ 417,177.00 $ 417,177.00 $ - $ - FIRE & LIFE SAFETY GRANT TOTAL AMOUNT 2018 FISCAL YR 2019 FISCAL YR 2020 FISCAL YR ESTIMATED COMP 201-203 W. 3rd St. Anson (8/24/16) $ 240,000.00 $ 240,000.00 2018 Federation of Labor - Tom Ziller (5/13/15) $ 115,000.00 $ 115,000.00 2018 Peaceful Root - 112 W. 2nd St. (1/11/17) $ 50,000.00 $ 50,000.00 2018 - Q1 Total Committed F&L Safety Grant $ 405,000.00 $ 405,000.00 $ - $ - Life Safety - Budget $ Remaining $ 265,000.00 Façade - Budget $ Remaining $ 199,000.00 Other Projects - Budget $ Remaining $ 384,844.97 Land - Budget $ Remaining $ 46,202.50 Land Sales - Budget $ Remaining ($250,000.00) subtotal $ 645,047.47 $ - Less committed ($822,177.00)$0.00 Balance remaining $ (177,129.53) $ - CRA PROPERTIES Address Purchase Price Purchase Date Demo Cost Status 408 E 2nd St $4,869 11/11/2005 $7,500 Under Contract 3235 S Locust $450,000 4/2/2010 $39,764 Surplus 604-612 W 3rd $80,000 6/10/2015 Surplus September 30, 2017 Grand Island Regular Meeting - 10/18/2017 Page 28 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item F1 Facade grant request-Urban Island/Kinkaider Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 29 / 133 Grand Island Regular Meeting - 10/18/2017 Page 30 / 133 Grand Island Regular Meeting - 10/18/2017 Page 31 / 133 Grand Island Regular Meeting - 10/18/2017 Page 32 / 133 Grand Island Regular Meeting - 10/18/2017 Page 33 / 133 Grand Island Regular Meeting - 10/18/2017 Page 34 / 133 Grand Island Regular Meeting - 10/18/2017 Page 35 / 133 Grand Island Regular Meeting - 10/18/2017 Page 36 / 133 Grand Island Regular Meeting - 10/18/2017 Page 37 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item F2 Facade request - Hedde Building Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 38 / 133 Grand Island Regular Meeting - 10/18/2017 Page 39 / 133 Grand Island Regular Meeting - 10/18/2017 Page 40 / 133 Grand Island Regular Meeting - 10/18/2017 Page 41 / 133 Grand Island Regular Meeting - 10/18/2017 Page 42 / 133 Grand Island Regular Meeting - 10/18/2017 Page 43 / 133 Grand Island Regular Meeting - 10/18/2017 Page 44 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item F3 Facade grant request - Fonner Court Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 45 / 133 Grand Island Regular Meeting - 10/18/2017 Page 46 / 133 Grand Island Regular Meeting - 10/18/2017 Page 47 / 133 Grand Island Regular Meeting - 10/18/2017 Page 48 / 133 Grand Island Regular Meeting - 10/18/2017 Page 49 / 133 Grand Island Regular Meeting - 10/18/2017 Page 50 / 133 Grand Island Regular Meeting - 10/18/2017 Page 51 / 133 Grand Island Regular Meeting - 10/18/2017 Page 52 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item G1 Fire and Life Safety-Urban Island/Kinkaider Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 53 / 133 Grand Island Regular Meeting - 10/18/2017 Page 54 / 133 Grand Island Regular Meeting - 10/18/2017 Page 55 / 133 Grand Island Regular Meeting - 10/18/2017 Page 56 / 133 Grand Island Regular Meeting - 10/18/2017 Page 57 / 133 Grand Island Regular Meeting - 10/18/2017 Page 58 / 133 Grand Island Regular Meeting - 10/18/2017 Page 59 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item I1 Redevelopment plan -Husker Harvest Days Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 60 / 133 Resolution Number 2018-01 HALL COUNTY REGIONAL PLANNING COMMISSION A RESOLUTION RECOMMENDING APPROVAL OF A SITE SPECIFIC REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Chairman and Board of the Community Redevelopment Authority of the City of Grand Island, Nebraska (the “Authority”), referred the Redevelopment Plan for the Husker Harvest Days Site by Farm Progress Companies Inc. to the Hall County Regional Planning Commission, (the “Commission”) for review and recommendation as to its conformity with the general plan for the development of the City of Grand Island, Hall County, Nebraska, pursuant to Section 18-2112 of the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), specifically as it pertains to formerly used defense sites; and WHEREAS, the Commission has reviewed said Redevelopment Plan as to its conformity with the general plan for the development of the City of Grand Island, Hall County finding; The proposed use as described in this plan is in compliance with the Comprehensive Plan for the City of Grand Island. NOW, THEREFORE, BE IT RESOLVED BY THE HALL COUNTY REGIONAL PLANNING COMMISSION AS FOLLOWS: Section 1. The Commission hereby recommends approval of the Redevelopment Plan. Section 2. All prior resolutions of the Commission in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 3. This resolution shall be in full force and effect from and after its passage as provided by law. DATED: October 11, 2017 HALL COUNTY REGIONAL PLANNING COMMISSION ATTEST:By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 61 / 133 Farm Progress Companies, Inc. – Husker Harvest Days COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 250 A RESOLUTION RECOMMENDING APPROVAL OF A REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA; RECOMMENDING APPROVAL OF A REDEVELOPMENT PROJECT OF THE CITY OF GRAND ISLAND, NEBRASKA; APPROVING A COST BENEFIT ANALYSIS FOR SUCH PROJECT; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Mayor and Council of the City of Grand Island, Nebraska (the “City”), upon the recommendation of the Planning Commission of the City of Grand Island, Nebraska (the “Planning Commission”), and in compliance with all public notice requirements imposed by the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), duly declared the redevelopment area legally described on Exhibit A attached hereto (the “Redevelopment Area”) to be blighted and substandard and in need of redevelopment; and WHEREAS, pursuant to and in furtherance of the Act, a Redevelopment Plan (the “Redevelopment Plan”), has been prepared by Community Redevelopment Authority of Grand Island, Nebraska, (the “Authority”) pursuant to an application by Farm Progress Companies, Inc., for the Husker Harvest Days show site (the “Redeveloper”), in the form attached hereto as Exhibit B, for the purpose of redeveloping Redevelopment Area legally described on Exhibit A, referred to herein as the Project Area (the “Project Area”); and WHEREAS, pursuant to the Redevelopment Plan, the Authority would agree to incur indebtedness and make a grant for the purposes specified in the Redevelopment Plan (the “Project”), in accordance with and as permitted by the Act; and WHEREAS, the Authority has conducted a cost benefit analysis of the Project (the “Cost Benefit Analysis”) pursuant to Section 18-2113 of the Act, a which is included in the Redevelopment Plan attached hereto as Exhibit B; and WHEREAS, the Authority has made certain findings and pursuant thereto has determined that it is in the best interests of the Authority and the City to approve the Redevelopment Plan and approve the Redevelopment Project and to approve the transactions contemplated thereby. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA AS FOLLOWS: Section 1. The Authority has determined that the proposed land uses and building requirements in the Redevelopment Plan for the Project Area are designed with the general purposes of accomplishing, and in conformance with the general plan of the City, a coordinated, adjusted, and harmonious development of the City and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity and the general welfare, as well as efficiency in economy in the process of development; including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provisions for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and communitive facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of Grand Island Regular Meeting - 10/18/2017 Page 62 / 133 Farm Progress Companies, Inc. – Husker Harvest Days unsanitary or unsafe dwelling accommodations, or conditions of blight. Section 2. The Authority has conducted a Cost Benefit Analysis for the Project, included in the the Redevelopment Plan attached hereto as Exhibit B, in accordance with the Act, and has found and hereby finds that the Project would not be economically feasible without the use of redevelopment assistance, the Project would not occur in the Project Area without the use of redevelopment assistance and the costs and benefits of the Project, including costs and benefits to other affected political subdivisions, the economy of the community, and the demand for public and private services, have been analyzed and have been found to be in the long term best interests of the community impacted by the Project. Section 3. In compliance with section 18-2114 of the Act, the Authority finds and determines as follows: (a) the Redevelopment Area constituting the Redevelopment Project will not be acquired by the Authority and the Authority shall receive no proceeds from disposal to the Redeveloper; (b) the estimated cost of project acquisition and the estimated cost of preparation for redevelopment including site work, onsite utilities and related costs are described in detail in Exhibit B attached hereto; (c) the method of acquisition of the real estate shall be by private contract by the Redeveloper and not by condemnation; and (d) the method of financing the Redevelopment Project shall be by issuance of redevelopment assistance from the Grand Island food and beverage occupation tax issued in the approximate amount of $2 million, which shall be granted to the Redeveloper and from additional funds provided by the Redeveloper. No families will be displaced from the Redevelopment Project Area as a result of the project. Section 4. The Authority hereby recommends to the City approval of the Redevelopment Plan and the Redevelopment Project described in the Redevelopment Plan. Section 5. All prior resolutions of the Authority in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 6. This resolution shall be in full force and effect from and after its passage and approval. PASSED AND APPROVED this 18th day of October, 2017. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND NEBRASKA ATTEST:By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 63 / 133 Farm Progress Companies, Inc. – Husker Harvest Days EXHIBIT A LEGAL DESCRIPTION OF REDEVELOPMENT PROJECT AREA * * * * * EXHIBIT B FORM OF REDEVELOPMENT PLAN Grand Island Regular Meeting - 10/18/2017 Page 64 / 133 Grand Island Regular Meeting - 10/18/2017 Page 65 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 1 Husker Harvest Days Redevelopment Project July 2017 Farm Progress Companies, Inc. (“Farm Progress”) and the City of Grand Island, Nebraska (the “City”) intend to complete a transaction relating to the Husker Harvest Days show (the “Show”). Executive Summary: Husker Harvest Days, the World’s Largest Totally Irrigated Working Farm Show, is celebrating its 40th year in Grand Island, Nebraska. The Show features over 600 exhibitors demonstrating the latest technology, equipment, and supplies for today’s agricultural producers. The Show draws visitors from over 30 states and several countries. The long-time partnership between Farm Progress and the City has been enormously beneficial to Central Nebraska in many ways. Aside from the national and global acclaim of the event, the Show injects millions of dollars into the local economy via support of local retail and personal property tax base. During the span of 12 days, hotels, restaurants, and retail outlets throughout the region are busy. Temporary laborers are hired, and vendors purchase internet, landscaping, rental equipment, fuel and other services. Farm Progress, in cooperation with the Agricultural Institute of Nebraska, also makes substantial contributions to local philanthropies. This support includes college scholarships for students pursuing agricultural careers, contributions to the Hall County Agricultural Society, the Heartland Events Center, the Nebraska State Fair, livestock auctions at county fairs, and local law enforcement and emergency response groups. Nonprofit groups such as Central Catholic High School and the Wood River Booster Club host concession fundraisers at the Show. In 2015, Heartland United Way’s food drive at the Show garnered more than 8,700 pounds of food. Through this Redevelopment Project, the City and Farm Progress seek to deepen their local partnership by investing in critical capital improvements to the Show. These improvements will help preserve a valuable and constructive agricultural asset and ensure its continued prosperity for many years to come. Project Description This Redevelopment Project is intended to advance the long-standing partnership between Farm Progress and the City by installing and updating critical infrastructure on the property where the Show is held, (“Show Land”) as more specifically defined below. These updates and improvements will enhance the overall experience for guests of the Show and is part of a strategic plan to evolve the Show to attract national and international guests and vendors. Grand Island Regular Meeting - 10/18/2017 Page 66 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 2 The City has approved a study regarding whether the Show Land is located within a blighted or substandard area (the “Blight Study”). This Redevelopment Project contemplates the Show Land is located within a blighted or substandard area, thereby enabling the City to undertake a redevelopment project pursuant to Neb. Rev. Stat. §18-2123.01. In addition, Farm Progress has formed a Sanitary Improvement District for the Show Land, in furtherance of this Redevelopment Project. Funding sources for the improvements identified in this Redevelopment Project will come from the three following sources. 1.The City shall contribute $2,000,000 for use by Farm Progress toward capital improvements on the Show Land consistent with the Redevelopment Project (the “City Contribution”). These funds will be generated by the City’s food and beverage tax and held by the Community Redevelopment Authority of the City of Grand Island (“CRA”) pending completion of the capital improvements. The City is providing these funds to the CRA pursuant to Neb. Rev. Stat. §18-2138. 2.Farm Progress through the Agricultural Institute of Nebraska (“AIN”), has secured $225,000 from the Grand Island Convention Visitor’s Bureau (“CVB”) for use toward certain capital improvements on the Show Land consistent with the Redevelopment Project (the “CVB/Chamber Contribution”). Farm Progress and AIN will work with the CVB and other community partners to secure additional funds. 3.Farm Progress shall contribute at least $2,000,000 for use toward certain capital improvements on the Show Land as determined by Farm Progress in its sole discretion (the “Farm Progress Contribution”). Farm Progress will retain ownership of the Show Land and has created a Sanitary and Improvement District to make the Show Land eligible for the Redevelopment Project. The Redevelopment Project will primarily include projects associated with electrical distribution, drainage and paving. This will consist of establishing an underground primary system, removing power poles, replacing power pedestals, establishing power feeds between transformers and pedestals, establishing surface and subsurface drainage, paving, fencing, and any exterior improvements as more specifically detailed in Exhibit A, which are anticipated to cost at least $7 million in the aggregate to implement. Third-party vendors whose services shall be required to make capital improvements to the Show Land shall be selected and managed by Farm Progress. Upon approval of this Redevelopment Project, Farm Progress shall begin making capital improvements to the Show Land consistent with this Redevelopment Project. The CRA will use the City Contribution to reimburse Farm Progress for up to $2,000,000 of such capital improvements and related expenses incurred by Farm Progress (including with respect to architects, engineers, general contractors, consultants and accounting, legal and other professional advisors). Farm Progress will submit documentation evidencing such capital improvements and/or related expenses for which Farm Progress desires reimbursement to the CRA. The CRA shall then Grand Island Regular Meeting - 10/18/2017 Page 67 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 3 reimburse Farm Progress for such capital improvements and/or related expenses as and when incurred by Farm Progress up to the amount of the City Contribution. Farm Progress will have no obligation to make any capital improvements or incur any related expenses beyond the first $7,000,000 except as otherwise determined by Farm Progress in its sole discretion. In exchange for the City Contribution, Farm Progress agrees to host the Show for at least twenty years. If Farm Progress fails to host the Show, Farm Progress agrees to pay the City a penalty equal to $100,000 per year for each year prior to 2037 that Farm Progress does not host the Show for any reason other than due to inclement weather or any force majeure cause. REDEVELOPMENT PROJECT SHALL BE LIMITED TO THE FOLLOWING GEOGRAPHIC AREA: Property Description (the “Redevelopment Project Area”) A tract of land comprising the west half of the Southwest Quarter (SW 1/4) of Section Twenty Five (25), Township Eleven (11) North, Range Eleven (11) West of the 6th P.M. and all of the Southeast Quarter (SE 1/4) of Section Twenty Six (26), Township Eleven (11) North, Range Eleven (11) West of the 6th P.M., all being in Hall County, Nebraska and depicted in the following aerial map: Grand Island Regular Meeting - 10/18/2017 Page 68 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 4 Grand Island Regular Meeting - 10/18/2017 Page 69 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 5 Existing Land Use Map Grand Island Regular Meeting - 10/18/2017 Page 70 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 6 THE REDEVELOPMENT PROJECT COMPLIES WITH THE ACT: The Community Development Law requires that a Redevelopment Plan and Project consider and comply with a number of requirements. This Plan Amendment meets the statutory qualifications as set forth below. 1. The City Can Undertake this Redevelopment Project on real property located outside the corporate limits of the City for the following reasons: [Neb. Rev. Stat. §18-2123.01]: (a)The real property located outside the corporate limits of the city is a formerly used defense site; The Show Land is located outside the corporate limits of the City and is a formerly used defense site; (b)The formerly used defense site is located within the same county as the city approving such redevelopment project; The Show Land and the City are both located in Hall County; (c)The formerly used defense site is located within a sanitary and improvement district; Farm Progress has created SID Number 3, which was approved by the District Court on July 19, 2017; (d)The governing body of the city approving such redevelopment project passes an ordinance stating such city's intent to annex the formerly used defense site in the future; and Ordinance #9645 stating the intent of the City to annex the Cornhusker Army Ammunition Plant property in whole or part as it becomes eligible for annexation was adopted by the Grand Island City Council on August 22, 2017; (e)The redevelopment project has been consented to by any city exercising extraterritorial jurisdiction over the formerly used defense site. No city is exercising extraterritorial jurisdiction over the Show Land. Grand Island Regular Meeting - 10/18/2017 Page 71 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 7 2.Redevelopment Project Area 25 was declared to be declared blighted and substandard by action of the Grand Island City Council.[§18-2109] with the passage of Resolution #2017-206 on July 25, 2017. Such declaration was made after a public hearing in full compliance with the public notice requirements of §18-2115 of the Act. The City has approved the Blight Study to include the Show Land, thereby enabling the City to undertake a redevelopment project pursuant to Neb. Rev. Stat. §18-2123.01. 3.Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13) (a) and §18-2110] Grand Island adopted a Comprehensive Plan on July 13, 2004. Hall County adopted a Comprehensive Plan on April 20, 2004. This Redevelopment Project is consistent with the Comprehensive Plans of both Grand Island and Hall County, in that no changes in the Comprehensive Plan elements are intended and will only impact property located outside of the City’s corporate limits. The plan is also consistent with the Cornhusker Army Ammunition Reuse Plan as prepared for the Army Corps of Engineers by RKG Associates, Inc and Black & Veatch in 1997. 4.The Redevelopment Plan must be sufficiently complete to address the following items: [§18-2103(13) (b)] (a)Land Acquisition: The Redevelopment Plan does not provide for real property acquisition. (b) Demolition and Removal of Structures: The projects to be implemented with this Redevelopment Plan do not provide directly for the demolition of structures. Some internal or other incidental demolition may be necessary for redevelopment but the primary purpose of this plan is to install and update improvements to the Show Land. (c)Future Land Use Plan: The Show Land is intended to be used for the Show. The Show Land is located outside of the corporate limits of the City and is intended to have no impact on the 2004 Grand Island Comprehensive Plan. The Hall County Comprehensive Plan has this property designated for special events and agriculture per the CAAP Reuse Plan. The Show is consistent with both plans. [§18-2103(b) and §18-2111]. (d)Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes: Grand Island Regular Meeting - 10/18/2017 Page 72 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 8 As the Show Land is located outside of the City’s corporate limits, no zoning changes are anticipated with this project. The Show Land is with the Hall County Zoning jurisdiction and zoned AG-SE Special Agriculture/Events zone. No changes are anticipated in street layouts or grades. No changes are anticipated in building codes or ordinances. Nor are any other planning changes contemplated. [§18-2103(b) and §18-2111] (e)Site Coverage and Intensity of Use: The Show Land is zoned AG-SE Special Agriculture/Events zone and can accommodate the improvements contemplated as part of this Redevelopment Project. [§18-2103(b) and §18-2111] (f)Additional Public Facilities or Utilities: Electrical, sewer, and water are available to support the Show Land. Sewer and water are provided privately. Potable water at the site is provided through dedicated service wells on site which are tested annually before the event and have been, in all prior years, found to be safe. The Redevelopment Project will include projects associated with electrical distribution, drainage and paving. No City utilities will be impacted by the Redevelopment Project. [§18-2103(b) and §18-2111] 5.The Act requires a Redevelopment Plan provide for relocation of individuals and families displaced as a result of plan implementation. [§18- 2103.02]. This Redevelopment Plan will not require the displacement of individuals or families. 6.No member of the Authority, nor any employee thereof holds any interest in any property in this Redevelopment Project Area. [§18-2106] The Show Land is wholly owned by Farm Progress. No members of the CRA of the City hold an interest in property within the Redevelopment Project Area. 7.Section 18-2114 of the Act requires that the Authority consider: (a)Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. Outside of the City Contribution and the CVB/Chamber Contribution, Farm Progress will provide and secure all necessary financing. (b)Statement of proposed method of financing the Redevelopment Project. Outside of the City Contribution and the CVB/Chamber Contribution, Farm Progress will provide all necessary financing for the project. Farm Progress will submit documentation evidencing expenditures for Grand Island Regular Meeting - 10/18/2017 Page 73 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 9 improvements outlined in Exhibit A for which Farm Progress desires reimbursement to the CRA. The CRA shall then reimburse Farm Progress for such expenditures as and when incurred by Farm Progress up to the amount of the City Contribution. (c)Statement of feasible method of relocating displaced families. No families will be displaced as a result of this Redevelopment Plan. 8.Section 18-2113 of the Act requires: Prior to recommending a redevelopment plan to the governing body for approval, an authority shall consider whether the proposed land uses and building requirements in the redevelopment project area are designed with the general purpose of accomplishing, in conformance with the general plan, a coordinated, adjusted, and harmonious development of the city and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity, and the general welfare, as well as efficiency and economy in the process of development, including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provision for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and community facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of insanitary or unsafe dwelling accommodations or conditions of blight. The CRA has considered these elements in proposing this Redevelopment Plan. This Redevelopment Plan will have no impact negative on the Comprehensive Plans for either the City of Grand Island or Hall County. The improvements contemplated under this Redevelopment Plan will raise property values and provide a stimulus to keep surrounding properties properly maintained and support additional commercial development. This will have the intended result of preventing recurring elements of blighting conditions. 9.Time Frame for Development This Redevelopment Plan is to be following the 2017 Show and will continue until all improvements are accomplished, which is currently anticipated to be in 2018, and in any event before the end of 2019. The effectiveness of this Redevelopment Project will be evaluated in November of each year beginning in November of 2017. It is anticipated that this Redevelopment Plan and the money appropriated to support the Redevelopment Plan will result in increased property values and economic stimulus to the City beginning in 2017 and continuing thereafter for decades to come. 10.Justification of Project One of the keys to this Redevelopment Plan is to enhance the Show and the benefits of the retail and personal services associated with the Show. We expect the Grand Island Regular Meeting - 10/18/2017 Page 74 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 10 Redevelopment Project’s improvements to support the entire community, but particularly the retail, dining, hospitality, and entertainment industries. This Redevelopment Project does not propose to tear down any buildings with historic value. 11.Cost Benefit Analysis This Redevelopment Plan does not permit the use of TIF. Any project using TIF will need to be approved with a separate plan amendment that will include a cost benefit analysis. (a) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; No additional public service needs have been identified. Existing water and waste water facilities will not be impacted by this Redevelopment Project. The electric utility has sufficient capacity to support this Redevelopment Project. It is not anticipated that this Redevelopment Project will impact schools. Fire and police protection are available and should not be impacted by this Redevelopment Project. (b)Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; The Show injects millions of dollars into the local economy via support of local retail and personal property tax base. During the span of 12 days, hotels, restaurants, and retail outlets throughout the region are busy. Temporary laborers are hired, and vendors purchase internet, landscaping, rental equipment, fuel and other services. Farm Progress also supports local philanthropies, and contributes to local law enforcement and emergency response groups. (c)Impacts on other employers and employees within the city or village and the immediate area that are located outside of the boundaries of the area of the redevelopment project; and (d)Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This Redevelopment Project will serve as an economic boost for numerous industries in the Grand Island area. This Redevelopment Project will increase Grand Island’s ability to compete for talented individuals. Time Frame for Development It is anticipated that all improvements associated with this Redevelopment Project will commence on or shortly after approval of the Redevelopment Project by the City and the CRA and be completed by the end of 2018, and in any event before the end of 2019. Grand Island Regular Meeting - 10/18/2017 Page 75 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 11 Exhibit A Husker Harvest Days Item Description Quantity Units PAVING & EXCAVATION Excavation 75,000 CY 7" TH. Concrete Pavement 71,180 SY 7" TH. Crushed Concrete 6,750 TONS WATER SERVICE 1"HDPE Water Pipe 935 LF 2"HDPE Water Pipe 775 LF 4" PVC Water Pipe 3,365 LF 6" PVC Water Pipe 2,765 LF 5 1/4" Pumper Hydrant, M.J.3 EA Muller 3/4" Yard Hydrant 18 EA 6" Gate Valve, M.J.6 EA STORM SEWER 12" HDPE Storm Sewer 4,550 LF 15" HDPE Storm Sewer 5,650 LF 18" HDPE Storm Sewer 6,120 LF 18" RCP Storm Sewer 1,000 LF 21" RCP Storm Sewer 215 LF 24" RCP Storm Sewer 560 LF 48" RCP Storm Sewer 380 LF 18" RCP Flared End Section 8 EA 21" RCP Flared End Section 2 EA 24" RCP Flared End Section 4 EA 48" RCP Flared End Section 6 EA 21" X 45 deg. Bend 1 EA 24" X 60 deg. Bend 1 EA 2' X 2' Inlets 77 EA Trench Backfill 2,500 CY SECURITY FENCING Fence (6' Chain Link, Posts @ 10' CL)7,215 LF 2 X 16' Swinging Gates w/ Locking Mech.1 EA 2 X 17' Swinging Gates w/ Locking Mech.3 EA Grand Island Regular Meeting - 10/18/2017 Page 76 / 133 Farm Progress Redevelopment Plan (Husker Harvest Days) Area Page 12 25 currently purchased, 7 needs to be purchased, 32 installed 25 currently purchased, 7 needs to be purchased, 32 installed 5 extra for future needs 2 X 18' Swinging Gates w/ Locking Mech.1 EA 2 X 30' Swinging Gates W/ Wheel & Locking Mech.1 EA 1 X 10' Swinging Gates w/ Locking Mech.2 EA 2 X 16' Sliding Gates w/ Locking Mech.1 EA 2 X 17' Sliding Gates w/ Locking Mech.1 EA Stop Bar 9 EA ELECTRICAL 15KV Medium Voltage Switch 1 EA 15KV Medium Voltage Distribution Cable 7,180 LF 4" Conduit for 15KV Cable 7,180 LF 600V USE Direct Bury Cable 25,944 LF Transformer Vaults 32 EA 600V Transformers 32 EA 600V Disconnects 30 EA 600V Distribution Panels 17 EA 600V Power Pedestals 116 EA Grand Island Regular Meeting - 10/18/2017 Page 77 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item I2 Redevelopment plan O'Neill Wood Resources Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 78 / 133 Resolution Number 2018-02 HALL COUNTY REGIONAL PLANNING COMMISSION A RESOLUTION RECOMMENDING APPROVAL OF A SITE SPECIFIC REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Chairman and Board of the Community Redevelopment Authority of the City of Grand Island, Nebraska (the “Authority”), referred the Redevelopment Plan for CRA Area 20 for 58 acres at 7100 W. Old Potash Highway by O’Neill Wood Resources to the Hall County Regional Planning Commission, (the “Commission”) for review and recommendation as to its conformity with the general plan for the development of the City of Grand Island, Hall County, Nebraska, pursuant to Section 18-2112 of the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), specifically as it pertains to formerly used defense sites; and WHEREAS, the Commission has reviewed said Redevelopment Plan as to its conformity with the general plan for the development of the City of Grand Island, Hall County finding; The proposed use as described in this plan is in compliance with the Comprehensive Plan for the City of Grand Island. NOW, THEREFORE, BE IT RESOLVED BY THE HALL COUNTY REGIONAL PLANNING COMMISSION AS FOLLOWS: Section 1. The Commission hereby recommends approval of the Redevelopment Plan. Section 2. All prior resolutions of the Commission in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 3. This resolution shall be in full force and effect from and after its passage as provided by law. DATED: October 11, 2017 HALL COUNTY REGIONAL PLANNING COMMISSION ATTEST:By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 79 / 133 O’Neill Wood Resources COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 251 A RESOLUTION RECOMMENDING APPROVAL OF A REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA; RECOMMENDING APPROVAL OF A REDEVELOPMENT PROJECT OF THE CITY OF GRAND ISLAND, NEBRASKA; APPROVING A COST BENEFIT ANALYSIS FOR SUCH PROJECT; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Mayor and Council of the City of Grand Island, Nebraska (the “City”), upon the recommendation of the Planning Commission of the City of Grand Island, Nebraska (the “Planning Commission”), and in compliance with all public notice requirements imposed by the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), duly declared the redevelopment area legally described on Exhibit A attached hereto (the “Redevelopment Area”) to be blighted and substandard and in need of redevelopment; and WHEREAS, pursuant to and in furtherance of the Act, a Redevelopment Plan (the “Redevelopment Plan”), has been prepared by Community Redevelopment Authority of Grand Island, Nebraska, (the “Authority”) pursuant to an application by O’Neill Wood Resources (the “Redeveloper”), in the form attached hereto as Exhibit B, for the purpose of redeveloping Redevelopment Area legally described on Exhibit A, referred to herein as the Project Area (the “Project Area”); and WHEREAS, pursuant to the Redevelopment Plan, the Authority would agree to incur indebtedness and make a grant for the purposes specified in the Redevelopment Plan (the “Project”), in accordance with and as permitted by the Act; and WHEREAS, the Authority has conducted a cost benefit analysis of the Project (the “Cost Benefit Analysis”) pursuant to Section 18-2113 of the Act, a which is included in the Redevelopment Plan attached hereto as Exhibit B; and WHEREAS, the Authority has made certain findings and pursuant thereto has determined that it is in the best interests of the Authority and the City to approve the Redevelopment Plan and approve the Redevelopment Project and to approve the transactions contemplated thereby. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA AS FOLLOWS: Section 1. The Authority has determined that the proposed land uses and building requirements in the Redevelopment Plan for the Project Area are designed with the general purposes of accomplishing, and in conformance with the general plan of the City, a coordinated, adjusted, and harmonious development of the City and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity and the general welfare, as well as efficiency in economy in the process of development; including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provisions for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and communitive facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of Grand Island Regular Meeting - 10/18/2017 Page 80 / 133 O’Neill Wood Resources unsanitary or unsafe dwelling accommodations, or conditions of blight. Section 2. The Authority has conducted a Cost Benefit Analysis for the Project, included in the the Redevelopment Plan attached hereto as Exhibit B, in accordance with the Act, and has found and hereby finds that the Project would not be economically feasible without the use of tax increment financing, the Project would not occur in the Project Area without the use of tax increment financing and the costs and benefits of the Project, including costs and benefits to other affected political subdivisions, the economy of the community, and the demand for public and private services, have been analyzed and have been found to be in the long term best interests of the community impacted by the Project. Section 3. In compliance with section 18-2114 of the Act, the Authority finds and determines as follows: (a) the Redevelopment Area constituting the Redevelopment Project will not be acquired by the Authority and the Authority shall receive no proceeds from disposal to the Redeveloper; (b) the estimated cost of project acquisition and the estimated cost of preparation for redevelopment including site work, onsite utilities and related costs are described in detail in Exhibit B attached hereto; (c) the method of acquisition of the real estate shall be by private contract by the Redeveloper and not by condemnation; and (d) the method of financing the Redevelopment Project shall be by issuance of tax increment revenue bond issued in the approximate amount of $209,000, which shall be granted to the Redeveloper and from additional funds provided by the Redeveloper. No families will be displaced from the Redevelopment Project Area as a result of the project. Section 4. The Authority hereby recommends to the City approval of the Redevelopment Plan and the Redevelopment Project described in the Redevelopment Plan. Section 5. All prior resolutions of the Authority in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 6. This resolution shall be in full force and effect from and after its passage and approval. PASSED AND APPROVED this 18th day of October, 2017. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND NEBRASKA ATTEST:By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 81 / 133 O’Neill Wood Resources EXHIBIT A LEGAL DESCRIPTION OF REDEVELOPMENT PROJECT AREA * * * * * EXHIBIT B FORM OF REDEVELOPMENT PLAN Grand Island Regular Meeting - 10/18/2017 Page 82 / 133 Grand Island Regular Meeting - 10/18/2017 Page 83 / 133 Site Specific Redevelopment Plan Grand Island CRA Area 20 (CAAP) May 2017 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 20 with in the city, pursuant to the Nebraska Community Development Law (the “Act”) and provide for the financing of a specific infrastructure related project in Area 20. Executive Summary: Project Description THE REDEVELOPMENT OF THE PROPERTY (58 ACRES LOCATED IN PART OF THE SOUTHEAST QUARTER (SE1/4) OF SECTION EIGHTEEN (18), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA) NORTH OF THE CURRENT O’NEILL WOOD RESOURCES FACILITY 7100 W. OLD POTASH HIGHWAY (NORTHWEST CORNER OF ALDA ROAD AND OLD POTASH HIGHWAY) FOR INDUSTRIAL USES, INCLUDING A CONSTRUCTION AND DEMOLITION LANDFILL. The use of Tax Increment Financing to aid in rehabilitation expenses associated with redevelopment of the property located at 7100 W. Old Potash Highway. The proposed plans would include the development of a construction and demolition landfill and all associated buildings. The use of Tax Increment Financing is an integral part of the development plan and necessary to make this project affordable. The use of this property of industrial non-residential uses is consistent with the Cornhusker Army Ammunition Plant (CAAP) reuse plan as approved and adopted by the CAAP Reuse Committee and the Hall County Board of Supervisors. This project would not be feasible without the use of TIF. O’Neill Wood Resources owns a portion of the property and has a contract to purchase additional property contingent on the approval of Tax Increment Financing. O’Neill Wood Resources has been located on the balance of this property since 2009. The purchase price the additional property is a TIF eligible activity. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with this project. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over the 15-year period beginning January 1, 2019 towards the allowable costs and associated financing for the acquisition and site work. TAX INCREMENT FINANCING TO PAY FOR THE REHABILITATION OF THE PROPERTY WILL COME FROM THE FOLLOWING REAL PROPERTY: Property Description (the “Redevelopment Project Area”) Grand Island Regular Meeting - 10/18/2017 Page 84 / 133 LEGAL DESCRIPTION A TRACT OF LAND LOCATED IN PART OF THE SOUTHEAST QUARTER (SE1/4) OF SECTION EIGHTEEN (18), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF SECTION 18; THENCE ON AN ASSUMED BEARING OF N01°18'49"W, ALONG THE EAST LINE OF SAID E1/2 OF SECTION 18, A DISTANCE OF 591.59 FEET; THENCE S88°41'11"W A DISTANCE OF 4.22 FEET TO THE POINT OF BEGINNING; THENCE S89°02'09"W A DISTANCE OF 2510.04 FEET; THENCE N00°59'37"W A DISTANCE OF 927.97 FEET; THENCE N89°02'52"E A DISTANCE OF 820.31 FEET TO A POINT ON THE WEST LINE OF 86 FT. DRAINAGE EASEMENT; THENCE N01°11'12"W, ALONG SAID WEST LINE OF DRAINAGE EASEMENT, A DISTANCE OF 76.55 FEET; THENCE N89°24'56"E A DISTANCE OF 1639.82 FEET TO A POINT OF CURVATURE; THENCE AROUND A CURVE IN A CLOCKWISE DIRECTION, HAVING AN ANGLE OF 20°33'43", HAVING A RADIUS OF 722.17 FEET, AND CHORD BEARING S11°30'01"E A CHORD DISTANCE OF 257.78 FEET; THENCE S01°14'28"E A DISTANCE OF 740.06 FEET TO THE POINT OF BEGINNING. SAID TRACT CONTAINS A CALCULATED AREA OF 2,442,827.01 SQUARE FEET OR 56.080 ACRES MORE OR LESS, OF WHICH 1.02 ACRES ARE COUNTY ROAD RIGHT-OF-WAY. Grand Island Regular Meeting - 10/18/2017 Page 85 / 133 Existing Land Use and Subject Property Grand Island Regular Meeting - 10/18/2017 Page 86 / 133 The tax increment will be captured for the tax years the payments for which become delinquent in years 2020 through 2034 inclusive. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The increase will come from the construction of a Construction and Demolition Recycling Center and the associated structures necessary to facilitate operation of the landfill. This use requires separate permitting by both Hall County and the Nebraska Department of Environmental Quality. Statutory Pledge of Taxes. In accordance with Section 18-2147 of the Act and the terms of the Resolution providing for the issuance of the TIF Note, the Authority hereby provides that any ad valorem tax on the Redevelopment Project Area for the benefit of any public body be divided for a period of fifteen years after the effective date of this provision as set forth in the Redevelopment Contract, consistent with this Redevelopment Plan. Said taxes shall be divided as follows: a. That portion of the ad valorem tax which is produced by levy at the rate fixed each year by or for each public body upon the redevelopment project valuation shall be paid into the funds, of each such public body in the same proportion as all other taxes collected by or for the bodies; and b. That portion of the ad valorem tax on real property in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of; the interest on, and any premiums due in connection with the bonds, loans, notes, or advances on money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such Authority for financing or refinancing, in whole or in part, a redevelopment project. When such bonds, loans, notes, advances of money, or indebtedness including interest and premium due have been paid, the Authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon real property in such redevelopment project shall be paid into the funds of the respective public bodies. Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged to the repayment of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in whole or in part, the redevelopment project, including the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness. Redevelopment Plan Amendment Complies with the Act: The Community Development Law requires that a Redevelopment Plan and Project consider and comply with a number of requirements. This Plan Amendment meets the statutory qualifications as set forth below. Grand Island Regular Meeting - 10/18/2017 Page 87 / 133 1. The Redevelopment Project Area has been declared blighted and substandard by action of the Grand Island City Council on February 14, 2017.[§18-2109] Such declaration was made after a public hearing with full compliance with the public notice requirements of §18-2115 of the Act. The City Can Undertake this Redevelopment Project on real property located outside the corporate limits of the City for the following reasons: [Neb. Rev. Stat. §18-2123.01]: (a)The real property located outside the corporate limits of the city is a formerly used defense site; The Site is located outside the corporate limits of the City and is a formerly used defense site; (b)The formerly used defense site is located within the same county as the city approving such redevelopment project; The Site and the City are both located in Hall County; (c)The formerly used defense site is located within a sanitary and improvement district; O'Neill Wood Resources, LLC and CAIP, LLC have created SID Number 4 in Hall County, which was approved by the District Court on September 20, 2017. (d)The governing body of the city approving such redevelopment project passes an ordinance stating such city's intent to annex the formerly used defense site in the future; and Ordinance #9645 stating the intent of the City to annex the Cornhusker Army Ammunition Plant property in whole or part as it becomes eligible for annexation was adopted by the Grand Island City Council on August 22, 2017; (e)The redevelopment project has been consented to by any city exercising extraterritorial jurisdiction over the formerly used defense site. No city is exercising extraterritorial jurisdiction over the Site. 2. Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13) (a) and §18-2110] Grand Island adopted a Comprehensive Plan on July 13, 2004. This property is not located within Grand Island or the 2 mile extraterritorial jurisdiction of Grand Island. Hall County adopted their comprehensive plan including the CAAP redevelopment plan on April 20, 2004. This redevelopment plan amendment and project are consistent with Grand Island Regular Meeting - 10/18/2017 Page 88 / 133 the Hall County Comprehensive Plan and the CAAP Reuse Plan, in that no changes in the Comprehensive Plan elements are intended. This plan merely provides funding for the developer to develop property with permitted uses on this property as defined by the current and effective zoning regulations. The Hall County Regional Planning Commission reviewed this project at their meeting on March 1, 2017 as part of the requirements for the Nebraska Local Siting Act and recommended approval of the local siting permit as it is consistent with the zoning on the site. The Hall County Regional Planning Commission held a public hearing at their meeting on October 11, 2017 and passed resolution 2018-02 confirming that this project is consistent with the Comprehensive Plan for the Hall County. 3. The Redevelopment Plan must be sufficiently complete to address the following items: [§18-2103(13) (b)] a. Land Acquisition: This Redevelopment Plan provides for real property acquisition and this plan amendment does not prohibit such acquisition. There is no proposed acquisition by the authority. It is anticipated that property acquisition will be the primary eligible activity for this project. b. Demolition and Removal of Structures: The project to be implemented with this plan does not provide for the demolition and removal any structures on this property. c. Future Land Use Plan Within the Hall County Comprehensive Plan as adopted and updated since 2004 this area and all of the CAAP grounds are designated as CAAP Reuse Area. According to the CAAP Reuse Plan this particular area is planned for Agriculture and Special Industrial Uses. This property is in private ownership. [§18-2103(b) and §18-2111] The attached map also is an accurate site plan of the area after redevelopment. [§18-2111(5)] Grand Island Regular Meeting - 10/18/2017 Page 89 / 133 Site plan for the area of the landfill after completion of the project Grand Island Regular Meeting - 10/18/2017 Page 90 / 133 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned AG/SI-Special Agriculture/Industrial zone. No zoning changes are anticipated with this project. No changes are anticipated in street layouts or grades. No changes are anticipated in building codes or ordinances. Nor are any other planning changes contemplated. [§18-2103(b) and §18-2111] e. Site Coverage and Intensity of Use The developer is proposing to construct and operate a recycling center and landfill for construction and demolition debris. The proposed development is within the site coverage and intensity of use limits of the district. A conditional use permit from Hall County will be required and is currently in process. [§18-2103(b) and §18-2111] f. Additional Public Facilities or Utilities Municipal sewer and water are not available to this development. Electric utilities are sufficient for the proposed use of this building. No other utilities would be impacted by the development. No other utilities would be impacted by the development. [§18-2103(b) and §18-2111] 4. The Act requires a Redevelopment Plan provide for relocation of individuals and families displaced as a result of plan implementation. This property, owned by the developer, is vacant and has been vacant for more than 1 year; no relocation is contemplated or necessary. [§18-2103.02] 5. No member of the Authority, nor any employee thereof holds any interest in any property in this Redevelopment Project Area. [§18-2106] No members of the authority or staff of the CRA have any interest in this property. 6. Section 18-2114 of the Act requires that the Authority consider: a. Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. The developer has a purchase agreement for the purchase of this property pending approval of Tax Increment Financing. The total estimated project cost is $4,750,000 with at least $1,029,000 being TIF eligible expenses. No other CRA funding has been approved for the project. The property will be acquired for $312,000. Planning related expenses for Architectural and Engineering and legal services of $107,000 and are included as a TIF eligible expense. The estimated costs for on-site improvements Grand Island Regular Meeting - 10/18/2017 Page 91 / 133 including grading, site preparation, utility extensions and private road ways total $615,000. The total of eligible expenses for this project is $1,029,000. The projected tax increment available and to be pledged for the project is $209,000. No property will be transferred to redevelopers by the Authority. The developer will provide and secure all necessary financing. b. Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $209,000 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2019 through December 2034. c. Statement of feasible method of relocating displaced families. No families will be displaced as a result of this plan. 7. Section 18-2113 of the Act requires: Prior to recommending a redevelopment plan to the governing body for approval, an authority shall consider whether the proposed land uses and building requirements in the redevelopment project area are designed with the general purpose of accomplishing, in conformance with the general plan, a coordinated, adjusted, and harmonious development of the city and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity, and the general welfare, as well as efficiency and economy in the process of development, including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provision for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and community facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of insanitary or unsafe dwelling accommodations or conditions of blight. The Authority has considered these elements in proposing this Plan Amendment. This amendment, in and of itself will promote consistency with the Comprehensive Plan. This will have the intended result of preventing recurring elements of unsafe buildings and blighting conditions. This will accomplish the goal of encouraging appropriate industrial development at the CAAP. Grand Island Regular Meeting - 10/18/2017 Page 92 / 133 8. Time Frame for Development Development of this project is anticipated to be completed between September 2017 and December of 2018. Excess valuation should be available for this project for 15 years beginning with the 2019 tax year. 9. Justification of Project The project has received approval from the Hall County Board in the form of a conditional use permit. The Planning Commission recommended in favor of the project in March of 2017 as it is consistent with the zoning in place at the site. This project will provide a local site for recycling and landfilling construction and demolition materials in a manner consistent with state and federal laws. The location of this site should result in more competitive bids for demolition by reducing the cost of transportation of demolition materials. This project will also result 12 to 15 additional full time employees at the site. 10. Cost Benefit Analysis Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used. This analysis must address specific statutory issues. As authorized in the Nebraska Community Development Law, §18-2147, Neb. Rev. Stat. (2012), the City of Grand Island has analyzed the costs and benefits of the proposed Redevelopment Project, including: Project Sources and Uses. Approximately $209,000 in public funds from tax increment financing provided by the Grand Island Community Redevelopment Authority will be required to complete the project. This investment by the Authority will leverage $4,789,000 in private sector financing; a private investment of $22.91 for every TIF and grant dollar investment. Use of Funds. Description TIF Funds Private Funds Total Site Acquisition $209,000 $103,000 $312,000 Legal and Plan*$34,000 $34,000 Engineering/Arch $73,000 $73,000 On-Site Improvements $615,000 $615,000 New Construction $1,375,000 $1,375,000 Equipment $2,250,000 $2,250,000 Financing $30,000 $30,000 Contingency $100,000 $100,000 TOTALS $209,000 $4,580,000 $4,789,000 Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2017, valuation of approximately $199,650. Based on the 2016 levy this would result in a real property tax of approximately $2,952. It is anticipated that the assessed value will Grand Island Regular Meeting - 10/18/2017 Page 93 / 133 increase by $941,343 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $13,919 annually. The tax increment gained from this Redevelopment Project Area would not be available for use as city general tax revenues, for a period of 15 years, or such shorter time as may be required to amortize the TIF bond, but would be used for eligible private redevelopment costs to enable this project to be realized. Estimated 2016 assessed value:$ 199,650 Estimated value after completion $ 1,140,993 Increment value $ 941,343 Annual TIF generated (estimated)$ 13,919 TIF bond issue $ 209,000 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $199,650. The proposed redevelopment will create additional valuation of $941,343. No tax shifts are anticipated from the project. This project will not have a direct negative impact on local schools systems. The school system will gain an immediate bump in personal property taxes from the new equipment purchases and a long-term benefit from the additional tax base created on the property. No new roads will be created for this project. The project creates additional valuation that will support taxing entities long after the project is paid off. (b) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; No additional public service needs have been identified. Existing water and waste water facilities will not be impacted by this development. The electric utility has sufficient capacity to support the development. It is not anticipated that this will impact schools in any significant way. Fire and police protection are available and should not be negatively impacted by this development. (c) Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; This will create some additional employment in the area. Unemployment is low in this area. The impacts on existing employers in the area will be minimal as there are not many new employees. (d) Impacts on other employers and employees within the city or village and the immediate area that are located outside of the boundaries of the area of the redevelopment project; and Grand Island Regular Meeting - 10/18/2017 Page 94 / 133 This project will not have a negative impact on other employers in any manner different from any other expanding business within the Grand Island area. (e) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This project is consistent the goals of the CAAP Reuse Plan and would be a step forward in creating the industrial district envisioned with that redevelopment. These types of uses that do not mix well with residential uses are ideal for property that is highly restricted for residential development. Time Frame for Development Development of this project is anticipated to be completed during between September of 2017 and December 31 of 2018. The base tax year should be calculated on the value of the property as of January 1, 2018 Excess valuation should be available for this project for 15 years beginning in 2019 with taxes due in 2020. Excess valuation will be used to pay the TIF Indebtedness issued by the CRA per the contract between the CRA and the developer for a period not to exceed 15 years or an amount not to exceed $209,000 the projected amount of increment based upon the anticipated value of the project and current tax rate. Based on the estimates of the expenses presented including acquisition of property the developer will spend at least $1,029,000 on TIF eligible activities. The CRA will reserve the right to issue additional debt for this project upon notification by the developer of sufficient expenses and valuation to support such debt in the form of a second or third bond issuance. Grand Island Regular Meeting - 10/18/2017 Page 95 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item I3 Redevelopment Plan Mendez Enterprises Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 96 / 133 Resolution Number 2018-03 HALL COUNTY REGIONAL PLANNING COMMISSION A RESOLUTION RECOMMENDING APPROVAL OF A SITE SPECIFIC REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Chairman and Board of the Community Redevelopment Authority of the City of Grand Island, Nebraska (the “Authority”), referred the Redevelopment Plan for Redevelopment Area No. 6 for property located along Old Lincoln Highway between Carey and Waldo avenues in Grand Island by Mendez Enterprises to the Hall County Regional Planning Commission, (the “Commission”) for review and recommendation as to its conformity with the general plan for the development of the City of Grand Island, Hall County, Nebraska, pursuant to Section 18-2112 of the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”); and WHEREAS, the Commission has reviewed said Redevelopment Plan as to its conformity with the general plan for the development of the City of Grand Island, Hall County finding; The proposed use as described in this plan is in compliance with the Comprehensive Plan for the City of Grand Island. NOW, THEREFORE, BE IT RESOLVED BY THE HALL COUNTY REGIONAL PLANNING COMMISSION AS FOLLOWS: Section 1. The Commission hereby recommends approval of the Redevelopment Plan. Section 2. All prior resolutions of the Commission in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 3. This resolution shall be in full force and effect from and after its passage as provided by law. DATED: October 11, 2017 HALL COUNTY REGIONAL PLANNING COMMISSION ATTEST:By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 97 / 133 Mendez Enterprises COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 252 A RESOLUTION RECOMMENDING APPROVAL OF A REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA; RECOMMENDING APPROVAL OF A REDEVELOPMENT PROJECT OF THE CITY OF GRAND ISLAND, NEBRASKA; APPROVING A COST BENEFIT ANALYSIS FOR SUCH PROJECT; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Mayor and Council of the City of Grand Island, Nebraska (the “City”), upon the recommendation of the Planning Commission of the City of Grand Island, Nebraska (the “Planning Commission”), and in compliance with all public notice requirements imposed by the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), duly declared the redevelopment area legally described on Exhibit A attached hereto (the “Redevelopment Area”) to be blighted and substandard and in need of redevelopment; and WHEREAS, pursuant to and in furtherance of the Act, a Redevelopment Plan (the “Redevelopment Plan”), has been prepared by Community Redevelopment Authority of Grand Island, Nebraska, (the “Authority”) pursuant to an application by Mendez Enterprises (the “Redeveloper”), in the form attached hereto as Exhibit B, for the purpose of redeveloping Redevelopment Area legally described on Exhibit A, referred to herein as the Project Area (the “Project Area”); and WHEREAS, pursuant to the Redevelopment Plan, the Authority would agree to incur indebtedness and make a grant for the purposes specified in the Redevelopment Plan (the “Project”), in accordance with and as permitted by the Act; and WHEREAS, the Authority has conducted a cost benefit analysis of the Project (the “Cost Benefit Analysis”) pursuant to Section 18-2113 of the Act, a which is included in the Redevelopment Plan attached hereto as Exhibit B; and WHEREAS, the Authority has made certain findings and pursuant thereto has determined that it is in the best interests of the Authority and the City to approve the Redevelopment Plan and approve the Redevelopment Project and to approve the transactions contemplated thereby. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA AS FOLLOWS: Section 1. The Authority has determined that the proposed land uses and building requirements in the Redevelopment Plan for the Project Area are designed with the general purposes of accomplishing, and in conformance with the general plan of the City, a coordinated, adjusted, and harmonious development of the City and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity and the general welfare, as well as efficiency in economy in the process of development; including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provisions for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and communitive facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of unsanitary or unsafe dwelling accommodations, or conditions of blight. Grand Island Regular Meeting - 10/18/2017 Page 98 / 133 Mendez Enterprises Section 2. The Authority has conducted a Cost Benefit Analysis for the Project, included in the the Redevelopment Plan attached hereto as Exhibit B, in accordance with the Act, and has found and hereby finds that the Project would not be economically feasible without the use of tax increment financing, the Project would not occur in the Project Area without the use of tax increment financing and the costs and benefits of the Project, including costs and benefits to other affected political subdivisions, the economy of the community, and the demand for public and private services, have been analyzed and have been found to be in the long term best interests of the community impacted by the Project. Section 3. In compliance with section 18-2114 of the Act, the Authority finds and determines as follows: (a) the Redevelopment Area constituting the Redevelopment Project will not be acquired by the Authority and the Authority shall receive no proceeds from disposal to the Redeveloper; (b) the estimated cost of project acquisition and the estimated cost of preparation for redevelopment including site work, onsite utilities and related costs are described in detail in Exhibit B attached hereto; (c) the method of acquisition of the real estate shall be by private contract by the Redeveloper and not by condemnation; and (d) the method of financing the Redevelopment Project shall be by issuance of tax increment revenue bond issued in the approximate amount of $886,965, which shall be granted to the Redeveloper and from additional funds provided by the Redeveloper. No families will be displaced from the Redevelopment Project Area as a result of the project. Section 4. The Authority hereby recommends to the City approval of the Redevelopment Plan and the Redevelopment Project described in the Redevelopment Plan. Section 5. All prior resolutions of the Authority in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 6. This resolution shall be in full force and effect from and after its passage and approval. PASSED AND APPROVED this 18th day of October, 2017. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND NEBRASKA ATTEST:By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 99 / 133 Mendez Enterprises EXHIBIT A LEGAL DESCRIPTION OF REDEVELOPMENT PROJECT AREA * * * * * EXHIBIT B FORM OF REDEVELOPMENT PLAN Grand Island Regular Meeting - 10/18/2017 Page 100 / 133 Grand Island Regular Meeting - 10/18/2017 Page 101 / 133 Redevelopment Plan Amendment Grand Island CRA Area 6 September 2017 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 6 within the city, pursuant to the Nebraska Community Development Law (the “Act”) and provide for the financing of a specific infrastructure related project in Area 6. Executive Summary: Project Description THE REDEVELPMENT OF PROPERTY LOCATED ALONG OLD LINCOLN HIGHWAY BETWEEN WALDO AVENUE AND CAREY AVENUE INCLUDING ACQUISITION OF PROPERTY, RENOVATION OF EXISTING BUILDINGS FOR COMMERCIAL AND EDUCATIONAL USES ALLOWED IN THE DISTRICT AND CONSTRUCTION OF NEW BUILDINGS ON VACANT PROPERTY WITHIN THE AREA BY THE DEVELOPER. ELIGIBLE REDEVELOPMENT COSTS ARE ANTINCIPATED TO INCLUDE: ACQUISION OF PROPERTY, RENOVATION OF EXISTING BUILDINGS, SITE PREPARATION, DEMOLITION, UTILITY IMPROVEMENTS, AND PARKING IMPROVEMENTS. The use of Tax Increment Financing (“TIF”) for this project is to aid in the acquisition of property, demolition and renovation of existing structures, necessary site work and installation of public utilities and street improvements necessary to redevelop this site. The use of TIF makes it feasible to complete all of the phases of the proposed project within the timeline presented. This project could not be completed without the use of TIF. The acquisition of property, renovation, demolition, site work and construction of all improvements will be paid for by the developer. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with the acquisition, site work and remodeling. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over the 15 year period beginning January 1, 2019 towards the allowable costs and associated financing for the acquisition, demolition, renovation and site work as outlined. TAX INCREMENT FINANCING TO PAY FOR THE ACQUISTION OF THE PROPERTY AND RELATED SITE WORK WILL COME FROM THE FOLLOWING REAL PROPERTY: Property Description (the “Redevelopment Project Area”) This property is located at the north of the Union Pacific Railroad and south of George Street between Waldo Avenue and Carey Avenue (Not all properties in this area are included in the plan) in central Grand Island including the attached map identifies the subject properties and the surrounding land uses: Grand Island Regular Meeting - 10/18/2017 Page 102 / 133 Legal Descriptions PACKER & BARR'S SECOND ADDITION L0TS 4,5, 6 & 7 BLOCK 44, LOTS 8, 9, &10 BLOCK 39, LOTS 5, 9 & 10 BLOCK 38, LOTS 4,5, 6 & 7 BLOCK 45, WEST’S SECOND SUBDIVSION LOTS 1 & 2, WEST’S SUBDIVISION FRACTIONAL LOT 8, BLOCK 1, LOTS 1,2, FRACTIONAL LOTS 3 & 8 BLOCK 2, VACATED CLARENCE STREET ADJACENT TO LOTS ABOVE AND STREET RIGHT OF WAY FOR OLD LINCOLN HIGHWAY, WALDO AVENUE, GRACE AVENUE, CAREY AVENUE AND GEORGE STREET WHERE THEY ABUT THE PROPERTIES ABOVE. It is anticipated that the tax increment will be captured for the tax years the payments for which become delinquent in years 2020 through 2034 inclusive. Changes to these years may be approved within the TIF agreement. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The increase will come from the construction of new commercial space on this property. Statutory Pledge of Taxes. Pursuant to Section 18-2147 of the Act, any ad valorem tax levied upon real property in the Redevelopment Project Area shall be divided, for the period not to exceed 15 years after the effective date of the provision, which effective date shall be January 1, 2019 or such date as stated in an approved TIF agreement. a. That portion of the ad valorem tax which is produced by levy at the rate fixed each year by or for each public body upon the redevelopment project valuation shall be paid into the funds, of each such public body in the same proportion as all other taxes collected by or for the bodies; and b. That portion of the ad valorem tax on real property in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of; the interest on, and any premiums due in connection with the bonds, loans, notes, or advances on money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such Authority for financing or refinancing, in whole or in part, a redevelopment project. When such bonds, loans, notes, advances of money, or indebtedness including interest and premium due have been paid, the Authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon real property in such redevelopment project shall be paid into the funds of the respective public bodies. Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged to the repayment of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in whole or in part, the redevelopment project, including the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness. Grand Island Regular Meeting - 10/18/2017 Page 103 / 133 Redevelopment Plan Amendment Complies with the Act: The Community Development Law requires that a Redevelopment Plan and Project consider and comply with a number of requirements. This Plan Amendment meets the statutory qualifications as set forth below. 1. The Redevelopment Project Area has been declared blighted and substandard by action of the Grand Island City Council on October 9, 2007.[§18-2109] Such declaration was made after a public hearing with full compliance with the public notice requirements of §18-2115 of the Act. 2. Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13) (a) and §18-2110] Grand Island adopted a Comprehensive Plan on July 13, 2004. This redevelopment plan amendment and project are consistent with the Comprehensive Plan, in that no changes in the Comprehensive Plan elements are intended. This plan merely provides funding for the developer to acquire property, rehabilitate existing structures and provide for the necessary site work and utilities for the construction of a permitted use on this property. 3. The Redevelopment Plan must be sufficiently complete to address the following items: [§18-2103(13) (b)] a. Land Acquisition: The Redevelopment Plan for Area 6 provides for real property acquisition and this plan amendment does not prohibit such acquisition. There is no proposed acquisition by the authority. The applicant will be acquiring the property from the current owner. b. Demolition and Removal of Structures: The project to be implemented with this plan does allow for the demolition of structures within the area to provide for new construction. c. Future Land Use Plan See the attached map from the 2004 Grand Island Comprehensive Plan. The site is planned for commercial development. [§18-2103(b) and §18-2111] The attached map also is an accurate site plan of the area after redevelopment. [§18-2111(5)] Grand Island Regular Meeting - 10/18/2017 Page 104 / 133 City of Grand Island Future Land Use Map Grand Island Regular Meeting - 10/18/2017 Page 105 / 133 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned M3- Mixed Use Manufacturing zone. No zoning changes are anticipated with this project. No changes are anticipated in street layouts or grades. No changes are anticipated in building codes or ordinances. Nor are any other planning changes contemplated. [§18-2103(b) and §18-2111] e. Site Coverage and Intensity of Use The developer is proposing renovate several structures on the site, move utilities and construct the Sky Zone trampoline center on the subject property in two phases. The property is zoned M3 and could accommodate buildings covering of up to 65% of each property [§18-2103(b) and §18-2111] f. Additional Public Facilities or Utilities Sewer and water are available to support this development. New water and sewer services may be required for this building. Electric lines will need to be relocated to facilitate this development. The developer will be responsible for replacing any sidewalks damaged during construction of the project. No other utilities would be impacted by the development. [§18-2103(b) and §18-2111] Grand Island Regular Meeting - 10/18/2017 Page 106 / 133 4. The Act requires a Redevelopment Plan provide for relocation of individuals and families displaced as a result of plan implementation. This amendment does not provide for acquisition of any residences and therefore, no relocation is contemplated. [§18-2103.02] 5. No member of the Authority, nor any employee thereof holds any interest in any property in this Redevelopment Project Area. [§18-2106] 6. Section 18-2114 of the Act requires that the Authority consider: a. Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. The developer owns some of this property and is proposing to other portions (specifically those owned by Woody’s Welding) for redevelopment for $662,479 in the next year provided that TIF is available for the project as defined. The cost of property acquisition is being included as a TIF eligible expense. Costs for site preparation, rehabilitation, demolition, utility improvements and parking improvements are included as a TIF eligible expenses. It is estimated based on the proposed increased valuation of $2,830,825 will result in $886,965 of increment generated over a 15 year period, substantially less than the TIF allowable expenses. No property will be transferred to redevelopers by the Authority. The developer will provide and secure all necessary financing. b. Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $886,965 from the proceeds of the TIF Indebtedness issued by the Authority. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2022 through December 2034 or as agreed to in the TIF agreement. c. Statement of feasible method of relocating displaced families. No families will be displaced as a result of this plan. 7. Section 18-2113 of the Act requires: Prior to recommending a redevelopment plan to the governing body for approval, an authority shall consider whether the proposed land uses and building requirements in the redevelopment project area are designed with the general purpose of accomplishing, in conformance with the general plan, a coordinated, adjusted, and harmonious development of the city and its environs which will, in accordance with present and future needs, Grand Island Regular Meeting - 10/18/2017 Page 107 / 133 promote health, safety, morals, order, convenience, prosperity, and the general welfare, as well as efficiency and economy in the process of development, including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provision for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and community facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of insanitary or unsafe dwelling accommodations or conditions of blight. The Authority has considered these elements in proposing this Plan Amendment. This amendment, in and of itself will promote consistency with the Comprehensive Plan, in that it will allow for the utilization of and redevelopment of commercial lots. This will not significantly impact at this location. New and renovated commercial development will raise property values and provide a stimulus to keep surrounding properties properly maintained. The proposed private education facility will provide opportunities for local youth to enhance their career choices within the community. This will have the intended result of preventing recurring elements of unsafe buildings and blighting conditions. 8. Time Frame for Development Development of phase one of this project (including construction of the Sky Zone and educational facility) is anticipated to be completed between November of 2017 and December of 2018. Phase two of the project will begin in 2018 and be completed by the end of 2019. Excess valuation should be available for this project for 15 years beginning with the 2019 and 2020 tax years. 9. Justification of Project This location along Old Lincoln Highway has been a manufacturing and mixed use commercial center since the earliest days of the City of Grand Island. Several transportation projects including closing the railroad crossing at the east edge of this property and the construction of the Highway 30 overpass have impacted the property in a negative manner cutting it off and blanketing it in shadow. The proposed changes will bring more people into the area and highlight properties that are visible from above while traveling on Highway 30. The cleanup, repairs and new investment in the area will enhance and protect the property values and tax base in this central area of the community. 10. Cost Benefit Analysis Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used. This analysis must address specific statutory issues. As authorized in the Nebraska Community Development Law, §18-2147, Neb. Rev. Stat. (2012), the City of Grand Island has analyzed the costs and benefits of the proposed Mendez Enterprises LLC Redevelopment Project, including: Grand Island Regular Meeting - 10/18/2017 Page 108 / 133 Project Sources and Uses. Approximately $1,887,000 in public funds from tax increment financing and grant funds provided by the Grand Island Community Redevelopment Authority will be required to complete the project. This investment by the Authority will leverage $6,049,495 in private sector financing; a private investment of $3.20 for every TIF and grant dollar investment by the CRA. Use of Funds Phase 1. Description TIF Funds Private Funds Total Site Acquisition $1,285,000 $1,285,000 Site preparation $155,236 $587,704 $742,940 Legal and Plan $60,000 $79,300 $139,300 Building Costs $993,100 $993,100 Personal Property $892,347 $892,347 Soft Costs $487,044 $487,044 TOTALS $215,236 $4,324,495 $4,539,731 Use of Funds Phase 2 Description TIF Funds Private Funds Total Site Acquisition $662,429 $662,429 Site preparation $239,400 $239,400 Legal and Plan $9,300 $9,300 Building Costs $474,000 $474,000 Personal Property $1,060,443 $1,060,443 Soft Costs $251,157 $251,157 TOTALS $671,729 $2,025,000 $2,696,729 Use of Funds Total Description TIF Funds Private Funds Total Phase 1 $215,236 $4,324,495 $4,539,731 Phase 2 $671,729 $2,025,000 $2,696,729 TOTALS $886,965 $6,349,495 $7,236,460 Tax Revenue. The property to be redeveloped in Phase 1 is anticipated to have a January 1, 2018, valuation of approximately $1,057,768. Based on the 2017 levy this would result in a real property tax of approximately $21,897. It is anticipated that the assessed value will increase by $2,215,400, upon full completion, as a result of the site redevelopment. This development will Grand Island Regular Meeting - 10/18/2017 Page 109 / 133 result in an estimated tax increase of over $46,300 annually, resulting in $694,514 of increment over the 15 year period. The property to be redeveloped in Phase 2 is anticipated to have a January 1, 2019, valuation of approximately $507,936. Based on the 2017 levy this would result in a real property tax of approximately $10,575.58. It is anticipated that the assessed value will increase by $615,425 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $12,830 annually, resulting in $192,452 of increment over the 15 year period. The total increment expected across both phase 1 and 2 of the project is $886,955. The tax increment gained from this Redevelopment Project Area would not be available for use as city general tax revenues, for a period of 15 years, or such shorter time as may be required to amortize the TIF bond, but would be used for eligible private redevelopment costs to enable this project to be realized. Estimated 2018 assessed value both phases $ 1,565,704 Estimated value after completion $ 4,396,629 Increment value $ 2,830,825 Annual TIF generated (estimated)$ 59,131 TIF bond issue $ 886,965 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $1,565,704. The proposed acquisition rehabilitation demolition, and site work at this location will result in an additional $2,830,825 of taxable valuation based on an analysis by the Hall County Assessor’s office. No tax shifts are anticipated from the project. The project creates additional valuation that will support taxing entities long after the project is paid off. (b) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; No additional public service needs have been identified. Existing water and waste water facilities will not be impacted by this development. The electric utility has sufficient capacity to support the development. It is not anticipated that this will impact schools. Fire and police protection are available and should not be impacted by this development. (c) Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; This project will protect and enhance the existing employment within the Project Area by maintaining and expanding business opportunities at this location. The proposed educational facility may result in additional skilled workers to fill positions within the community. Temporary construction employment will increase during the construction. The construction period is expected to exceed 12 months. Grand Island Regular Meeting - 10/18/2017 Page 110 / 133 (d) Impacts on other employers and employees within the city or village and the immediate area that are located outside of the boundaries of the area of the redevelopment project; and This facility could draw employees from other similar facilities within the City. The educational facilities if successful will provide additional skilled employees for the labor market, benefiting other employers with an increased employee base. (e) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This will provide appropriate development at this location in Grand Island. This location has struggled since the change in traffic patterns that resulted from the closing of the at- grade crossing across the Union Pacific Railroad. Personal property in the project is subject to current property tax rates. Personal property for the Project is estimated at $1,900,000. Personal property tax is not subject to TIF and will be paid to the normal taxing entities. There will additionally be more city sales taxes paid to the city of Grand Island as a result of new taxable sales at the restaurant and Sky Zone. Time Frame for Development Development of phase 1 of this project is anticipated to be completed between November 2017 and December of 2018. The base tax year should be calculated on the value of the property as of January 1, 2018. Excess valuation should be available for this project for 15 years beginning with the 2019 tax year. Excess valuation will be used to pay the TIF indebtedness issued by the CRA per the contract between the CRA and the developer for a period not to exceed 15 years or an amount not to exceed $886,965 the projected amount of increment based upon the anticipated value of the project and current tax rate. Based on the purchase price of the property and estimates of the expenses of renovation activities and associated engineering fees, the developer will spend more than $1,500,000 on TIF eligible activities. See Attached Site Plan and Interior Renovation Plan Grand Island Regular Meeting - 10/18/2017 Page 111 / 133 Grand Island Regular Meeting - 10/18/2017 Page 112 / 133 Community Redevelopment Authority (CRA) Wednesday, October 18, 2017 Regular Meeting Item I4 Redevelopment Plan - TIF Request-Urban Island/Kinkaider Staff Contact: Chad Nabity Grand Island Regular Meeting - 10/18/2017 Page 113 / 133 BACKGROUND INFORMATION RELATIVE TO TAX INCREMENT FINANCING REQUEST Project Redeveloper Information Business Name: Urban Island LLC ________________________ Address: 2016 West State st. Grand Island NE 68803 Telephone No.: (308) 227-6213 Fax No.: Contact: Jon Myers Brief Description of Applicant’s Business: Urban Island is a real estate development company. They currently own and/or manage several buildings in downtown Grand Island. Present Ownership Proposed Project Site: Urban Island LLC Proposed Project: Building square footage, size of property, description of buildings – materials, etc. Please attach site plan, if available. The building formerly housed Nathan Detroit's, and is now home of Kinkaider Brewing Company. The property being redeveloped is the building that houses the Kinkaider kitchen/party room, not the building that houses the dining room to the south. There is approximately 3,800 square feet per floor and it consists of a Grand Island Regular Meeting - 10/18/2017 Page 114 / 133 basement, main floor and second floor. The building is brick and wood. Please see attached floor plans. If Property is to be Subdivided, Show Division Planned: VI. Estimated Project Costs: Acquisition Costs: A. Land $ 265,000 B. Building $ Construction Costs: A. Renovation or Building Costs: $ 568,532 B. On-Site Improvements: $ re-platting, demo, asbestos removal, tree removal, etc. Soft Costs: A. Architectural & Engineering Fees: $ 8,500 B. Financing Fees: $ Closing costs, filing fees C. Legal/Developer/Audit Fees: $ 46,927 D. Contingency Reserves: $ 80,000 E. Other (Please Specify) $ 168,677 Façade costs TOTAL $ 1,137,636 Total Estimated Market Value at Completion: $ 780,000 Grand Island Regular Meeting - 10/18/2017 Page 115 / 133 Source of Financing: A. Developer Equity: $ 265,000 B. Commercial Bank Loan: $ 484,032 Tax Credits: 1. N.I.F.A. $ 2. Historic Tax Credits $ D. Industrial Revenue Bonds: $ E. Tax Increment Assistance: $ 114,927 F. Other (Life safety & Façade grants) $ 273,677 Name, Address, Phone & Fax Numbers of Architect, Engineer and General Contractor: General Contractor: Amos Anson, Empire Development, PO Box 1665 Grand Island NE 68802 308-390-2455 Architect: Stacy J Spotanski/ Toby Gay, Gay & Associates, 1470 31st Ave, Columbus, NE (308) 850-8186 Engineer: Olsson Associates, 201 E 2nd Grand Island, NE 68801 308-384-8750 Mike Spilinek Estimated Real Estate Taxes on Project Site Upon Completion of Project: (Please Show Calculations) See attached Project Construction Schedule: Construction Start Date: Upon CRA approval Construction Completion Date: Q3 2018 If Phased Project: Year ___ % Complete ___________________ Year ___% Complete XII. Please Attach Construction Pro Forma: See attached XIII. Please Attach Annual Income & Expense Pro Forma: See attached (With Appropriate Schedules) Grand Island Regular Meeting - 10/18/2017 Page 116 / 133 TAX INCREMENT FINANCING REQUEST INFORMATION Describe Amount and Purpose for Which Tax Increment Financing is Requested: Urban Island LLC is requesting $164,181 in tax increment financing. The TIF will be used for renovation costs. Statement Identifying Financial Gap and Necessity for use of Tax Increment Financing for Proposed Project: Without TIF assistance the project will not cash flow and therefore will not be a successful business venture. See attached proforma Municipal and Corporate References (if applicable). Please identify all other Municipalities, and other Corporations the Applicant has been involved with, or has completed developments in, within the last five (5) years, providing contact person, telephone and fax numbers for each: NA IV. Please Attach Applicant’s Corporate/Business Annual Financial Statements for the Last Three Years. Post Office Box 1968 Grand Island, Nebraska 68802-1968 Phone: 308 385-5240 Fax: 308 385-5423 Email: cnabity@grand-island.com Grand Island Regular Meeting - 10/18/2017 Page 117 / 133 PLAN DATE: 09-01-2017©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY: SJSOWNER: KINCAIDERPLOT DATE: 09-01-2017PROJECT DESCRIPTION:320/320.5 N. PINE STREETGRAND ISLAND, NE.SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PROFESSIONAL SEAL FIRST FLOOR PLAN FLOOR PLAN KEYNOTES A1.02 Grand Island Regular Meeting - 10/18/2017 Page 118 / 133 PLAN DATE: 09-01-2017©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY: SJSOWNER: KINCAIDERPLOT DATE: 09-01-2017PROJECT DESCRIPTION:320/320.5 N. PINE STREETGRAND ISLAND, NE.SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PROFESSIONAL SEAL SECOND FLOOR PLAN FLOOR PLAN KEYNOTES A1.04 Grand Island Regular Meeting - 10/18/2017 Page 119 / 133 PLAN DATE: 09-01-2017©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY: SJSOWNER: KINCAIDERPLOT DATE: 09-01-2017PROJECT DESCRIPTION:320/320.5 N. PINE STREETGRAND ISLAND, NE.SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PROFESSIONAL SEAL ROOF PLAN GENERAL ROOF PLAN NOTES A1.06 FLOOR PLAN KEYNOTES Grand Island Regular Meeting - 10/18/2017 Page 120 / 133 OPERATING PROFORMA ANNUAL RENTAL INCOME 2-Beds $911 $759 1.2 $10,930 2-Beds $899 749 1.2 $10,786 2-Beds $748 623 1.2 $8,971 1-Beds $755 629 1.2 $9,058 Studio $478 382 1.25 $5,730 Efficiency $360 240 1.5 $4,320 Commercial $1,276 1100 1.16 $15,312 GROSS INCOME $65,106 VACANCY $3,906 EXPENSES $7,081 $10,988 NET OPERATING INCOME $54,118 DEBT SERVICE $40,735 CASH FLOW $13,384 Grand Island Regular Meeting - 10/18/2017 Page 121 / 133 Redevelopment Plan Amendment Grand Island CRA Area 1 October 2017 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 1 with in the city, pursuant to the Nebraska Community Development Law (the “Act”) and provide for the financing of a specific infrastructure related project in Area 1. Executive Summary: Project Description THE REDEVELOPMENT OF THE BUILDING LOCATED AT 320 and 322 N. PINE STREET FOR COMMERCIAL AND RESIDENTIAL USES, INCLUDING FIRE/LIFE SAFETY IMPROVEMENTS AND BUILDING REHABILITATION AND REMODELING. The use of Tax Increment Financing to aid in rehabilitation expenses associated with redevelopment of the kitchen/party room for Kinkaider Brewing Company formerly Nathan Detroits 320 and 322 N. Pine Street into a mixed use building containing six apartments and two retail tenant spaces. The use of Tax Increment Financing is an integral part of the development plan and necessary to make this project affordable. The project will result in renovating this historic building into a combination of commercial space and market rate residential units. The addition of the residential units is consistent with the downtown redevelopment plan and priorities to add 50 residential units downtown by 2019. This project would not be possible without the use of TIF. Urban Island LLC is the owner of the property. Urban Island LLC purchased this property in 2016. The purchase price is not included as an eligible TIF activity. Portions of the building are currently vacant the kitchen for the Kinkaider Brewing Company is located within this building and part of the space are being used for gatherings and receptions. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with the remodeling and rehabilitation of this building. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over the 15 year period beginning January 1, 2019 towards the allowable costs and associated financing for rehabilitation. TAX INCREMENT FINANCING TO PAY FOR THE REHABILITATION OF THE PROPERTY WILL COME FROM THE FOLLOWING REAL PROPERTY: Property Description (the “Redevelopment Project Area”) 320 and 322 N. Pine Street in Grand Island Nebraska Legal Descriptions: North One Half Lot One (1) in Block Fifty-Five (55) in the Original Town, now City of Grand Island, Hall County, Nebraska. Grand Island Regular Meeting - 10/18/2017 Page 122 / 133 Existing Land Use and Subject Property Grand Island Regular Meeting - 10/18/2017 Page 123 / 133 The tax increment will be captured for the tax years the payments for which become delinquent in years 2020 through 2034 inclusive. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The increase will come from rehabilitation of this building for commercial and residential uses as permitted in the B3 Heavy Business Zoning District. Statutory Pledge of Taxes. In accordance with Section 18-2147 of the Act and the terms of the Resolution providing for the issuance of the TIF Note, the Authority hereby provides that any ad valorem tax on the Redevelopment Project Area for the benefit of any public body be divided for a period of fifteen years after the effective date of this provision as set forth in the Redevelopment Contract, consistent with this Redevelopment Plan. Said taxes shall be divided as follows: a. That portion of the ad valorem tax which is produced by levy at the rate fixed each year by or for each public body upon the redevelopment project valuation shall be paid into the funds, of each such public body in the same proportion as all other taxes collected by or for the bodies; and b. That portion of the ad valorem tax on real property in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of; the interest on, and any premiums due in connection with the bonds, loans, notes, or advances on money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such Authority for financing or refinancing, in whole or in part, a redevelopment project. When such bonds, loans, notes, advances of money, or indebtedness including interest and premium due have been paid, the Authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon real property in such redevelopment project shall be paid into the funds of the respective public bodies. Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged to the repayment of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in whole or in part, the redevelopment project, including the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness. Redevelopment Plan Amendment Complies with the Act: The Community Development Law requires that a Redevelopment Plan and Project consider and comply with a number of requirements. This Plan Amendment meets the statutory qualifications as set forth below. 1. The Redevelopment Project Area has been declared blighted and substandard by action of the Grand Island City Council on December 19, 2000.[§18-2109] Such Grand Island Regular Meeting - 10/18/2017 Page 124 / 133 declaration was made after a public hearing with full compliance with the public notice requirements of §18-2115 of the Act. 2. Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13) (a) and §18-2110] Grand Island adopted a Comprehensive Plan on July 13, 2004. This redevelopment plan amendment and project are consistent with the Comprehensive Plan, in that no changes in the Comprehensive Plan elements are intended. This plan merely provides funding for the developer to rehabilitate the building for permitted uses on this property as defined by the current and effective zoning regulations. The Hall County Regional Planning Commission held a public hearing at their meeting on November 1, 2017 and passed Resolution 2018-04 confirming that this project is consistent with the Comprehensive Plan for the City of Grand Island. The Grand Island Public School District has submitted a formal request to the Grand Island CRA to notify the District any time a TIF project involving a housing subdivision and/or apartment complex is proposed within the District. The school district was notified of this plan amendment at the time it was submitted to the CRA for initial consideration. 3. The Redevelopment Plan must be sufficiently complete to address the following items: [§18-2103(13) (b)] a. Land Acquisition: The Redevelopment Plan for Area 1 provides for real property acquisition and this plan amendment does not prohibit such acquisition. There is no proposed acquisition by the authority. b. Demolition and Removal of Structures: The project to be implemented with this plan does not provide for the demolition and removal any structures on this property. c. Future Land Use Plan See the attached map from the 2004 Grand Island Comprehensive Plan. All of the area around the site in private ownership is planned for Downtown Commercial development; this includes housing and commercial uses within the same structure. This property is in private ownership. [§18-2103(b) and §18-2111] The attached map also is an accurate site plan of the area after redevelopment. [§18-2111(5)] Grand Island Regular Meeting - 10/18/2017 Page 125 / 133 City of Grand Island Future Land Use Map Grand Island Regular Meeting - 10/18/2017 Page 126 / 133 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned B3-Heavy Business zone. No zoning changes are anticipated with this project. No changes are anticipated in street layouts or grades. No changes are anticipated in building codes or ordinances. Nor are any other planning changes contemplated. [§18-2103(b) and §18-2111] e. Site Coverage and Intensity of Use The developer is rehabilitating the existing building. The developer is not proposing to increase the size of the building and current building meets the applicable regulations regarding site coverage and intensity of use. [§18-2103(b) and §18-2111] f. Additional Public Facilities or Utilities Sewer and water are available to support this development. The developer will be required to extend a water line capable of providing sufficient water for the sprinkler system required to convert this building in a multifamily apartment building. Electric utilities are sufficient for the proposed use of this building. No other utilities would be impacted by the development. The developer will be responsible for replacing any sidewalks damaged during construction of the project. No other utilities would be impacted by the development. [§18-2103(b) and §18-2111] 4. The Act requires a Redevelopment Plan provide for relocation of individuals and families displaced as a result of plan implementation. This property, owned by the developer, is vacant and has been vacant for more than 1 year; no relocation is contemplated or necessary. [§18-2103.02] 5. No member of the Authority, nor any employee thereof holds any interest in any property in this Redevelopment Project Area. [§18-2106] No members of the authority or staff of the CRA have any interest in this property. 6. Section 18-2114 of the Act requires that the Authority consider: a. Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. The developer owns this property and acquisition is not part of the request for tax increment financing. The estimated costs of rehabilitation of this property is $737,209, Grand Island Regular Meeting - 10/18/2017 Page 127 / 133 planning related expenses for Architectural and Engineering services of $8,500 and are included as a TIF eligible expense. Legal, Developer and Audit Fees of $12,000 including a reimbursement to the City and the CRA of $7,000 are included as TIF eligible expense. The total of eligible expenses for this project exceeds $756,709. The CRA has been asked to grant $105,000 to this project to offset the cost of life safety improvements and $168,677 in façade improvement funds. The total eligible expenses for this project less other grant funds by the CRA is $318,851. The developers have also invested $265,000 in acquisition of the property and additional funding in other improvements including new windows on the second floor. No property will be transferred to redevelopers by the Authority. The developer will provide and secure all necessary financing. b. Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project. The Authority will assist the project by granting the sum of $164,181 from the proceeds of the TIF which after interest is paid will result in approximately $115,000 of direct aid to the project. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2020 through December 2034. c. Statement of feasible method of relocating displaced families. No families will be displaced as a result of this plan. 7. Section 18-2113 of the Act requires: Prior to recommending a redevelopment plan to the governing body for approval, an authority shall consider whether the proposed land uses and building requirements in the redevelopment project area are designed with the general purpose of accomplishing, in conformance with the general plan, a coordinated, adjusted, and harmonious development of the city and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity, and the general welfare, as well as efficiency and economy in the process of development, including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provision for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and community facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of insanitary or unsafe dwelling accommodations or conditions of blight. The Authority has considered these elements in proposing this Plan Amendment. This amendment, in and of itself will promote consistency with the Comprehensive Plan. This will have the intended result of preventing recurring elements of unsafe buildings and Grand Island Regular Meeting - 10/18/2017 Page 128 / 133 blighting conditions. This will accomplish the goal of both the Downtown Business Improvement District and the Grand Island City Council of increasing the number of residential units available in the Downtown area. 8. Time Frame for Development Development of this project is anticipated to be completed between December 2017 and October of 2018. Excess valuation should be available for this project for 15 years beginning with the 2020 tax year. 9. Justification of Project This is an historic building in downtown Grand Island that will be preserved with this project. The addition of a new upper story residential unit is consistent with goals to build 50 new residential units in downtown Grand Island by 2019 and with the goals of the 2014 Grand Island housing study and Grow Grand Island. The main floor will be used for commercial tenant space with a single efficiency apartment at the rear of the building. 10. Cost Benefit Analysis Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used. This analysis must address specific statutory issues. As authorized in the Nebraska Community Development Law, §18-2147, Neb. Rev. Stat. (2012), the City of Grand Island has analyzed the costs and benefits of the proposed Redevelopment Project, including: Project Sources and Uses. Approximately $164,181 in public funds from tax increment financing provided by the Grand Island Community Redevelopment Authority will be required to complete the project. This property has requested a life/safety grant of $105,000 and a façade improvement grant of $168,677. This investment by the Authority will leverage $698,778 in private sector financing; a private investment of $1.60 for every TIF and grant dollar investment. Use of Funds Source of Funds. Description TIF Funds Other Grants Private Funds Total Site Acquisition $265,000 $265,000 Legal and Plan*$12,000 $12,000 Engineering/Arch $8,500 $8,500 Renovation $164,181 $105,000 $298,351 $568,532 Facade $168,677 $168,677 Developer/Audit Feets $34,927 $34,927 Contingency $80,000 $80,000 TOTALS $164,181 $273,677 $698,778 $1,136,636 Grand Island Regular Meeting - 10/18/2017 Page 129 / 133 Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2018, valuation of approximately $150,688. Based on the 2016 levy this would result in a real property tax of approximately $3,275. It is anticipated that the assessed value will increase by $503,673 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $10,945 annually. The tax increment gained from this Redevelopment Project Area would not be available for use as city general tax revenues, for a period of 15 years, or such shorter time as may be required to amortize the TIF bond, but would be used for eligible private redevelopment costs to enable this project to be realized. Estimated 2016 assessed value:$ 150,688 Estimated value after completion $ 654,361 Increment value $ 503,673 Annual TIF generated (estimated)$ 10,945 TIF bond issue $ 164,181 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $150,688. The proposed redevelopment will create additional valuation of $503,673. No tax shifts are anticipated from the project. The project creates additional valuation that will support taxing entities long after the project is paid off. (b) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; No additional public service needs have been identified. Existing water and waste water facilities will not be impacted by this development. The electric utility has sufficient capacity to support the development. It is not anticipated that this will impact schools in any significant way. Fire and police protection are available and should not be negatively impacted by this development. The addition of life safety elements to this building including fire sprinklers and a second exit actually reduce the chances of negative impacts to the fire department. (c) Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; This will provide additional housing options in the downtown area consistent with the planned development in Downtown Grand Island. (d) Impacts on other employers and employees within the city or village and the immediate area that are located outside of the boundaries of the area of the redevelopment project; and Grand Island Regular Meeting - 10/18/2017 Page 130 / 133 This project will not have a negative impact on other employers in any manner different from any other expanding business within the Grand Island area. This will provide housing options for employees of Downtown businesses that wish to live Downtown. (e) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This project is consistent the goals of the Council, the Downtown BID, the CRA, and Grow Grand Island to create additional housing units in downtown Grand Island. Time Frame for Development Development of this project is anticipated to be completed during between December of 2017 and October of 2018. The base tax year should be calculated on the value of the property as of January 1, 2018. Excess valuation should be available for this project for 15 years beginning in 2019 with taxes due in 2020. Excess valuation will be used to pay the TIF Indebtedness issued by the CRA per the contract between the CRA and the developer for a period not to exceed 15 years or an amount not to exceed $164,181 the projected amount of increment based upon the anticipated value of the project and current tax rate. Based on the estimates of the expenses of the rehabilitation the developer will spend at least $918,400 on TIF eligible activities in excess of other grants given. The CRA will reserve the right to issue additional debt for this project upon notification by the developer of sufficient expenses and valuation to support such debt in the form of a second or third bond issuance. Grand Island Regular Meeting - 10/18/2017 Page 131 / 133 Urban Island LLC - Kinkaider COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 253 RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA, SUBMITTING A PROPOSED REDEVELOPMENT PLAN TO THE HALL COUNTY REGIONAL PLANNING COMMISSION FOR ITS RECOMMENDATION WHEREAS, this Community Redevelopment Authority of the City of Grand Island, Nebraska ("Authority"), pursuant to the Nebraska Community Development Law (the "Act"), prepared a proposed redevelopment plan (the "Plan") a copy of which is attached hereto as Exhibit 1, for redevelopment of an area within the city limits of the City of Grand Island, Hall County, Nebraska; and WHEREAS, the Authority is required by Section 18-2112 of the Act to submit said to the planning board having jurisdiction of the area proposed for redevelopment for review and recommendation as to its conformity with the general plan for the development of the City of Grand Island, Hall County, Nebraska; NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: The Authority submits to the Hall County Regional Planning Commission the proposed Plan attached to this Resolution, for review and recommendation as to its conformity with the general plan for the development of the City of Grand Island, Hall County, Nebraska. Passed and approved this 18th day of October, 2017 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 132 / 133 Urban Island LLC - Kinkaider COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 254 RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA, PROVIDING NOTICE OF INTENT TO ENTER INTO A REDEVELOPMENT CONTRACT AFTER THE PASSAGE OF 30 DAYS AND OTHER MATTERS WHEREAS, this Community Redevelopment Authority of the City of Grand Island, Nebraska ("Authority"), has received an Application for Tax Increment Financing under the Nebraska Community Development Law (the “Act”) on a project within Redevelopment Area 1, from Urban Island LLC for property located at 320-322 N. Pine Street, (The "Developer") for redevelopment of an area within the city limits of the City of Grand Island as set forth in Exhibit 1 attached hereto area; and WHEREAS, this Community Redevelopment Authority of the City of Grand Island, Nebraska ("Authority"), is proposing to use Tax Increment Financing on a project within Redevelopment Area 1; NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: Section 1. In compliance with section 18-2114 of the Act, the Authority hereby gives the governing body of the City notice that it intends to enter into the Redevelopment Contract, attached as Exhibit 1, with such changes as are deemed appropriate by the Authority, after approval of the redevelopment plan amendment related to the redevelopment project described in the Redevelopment Contract, and after the passage of 30 days from the date hereof. Section 2. The Secretary of the Authority is directed to file a copy of this resolution with the City Clerk of the City of Grand Island, forthwith. Passed and approved this 18th day of October, 2017 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By ___________________________ Chairperson ATTEST: ___________________ Secretary Grand Island Regular Meeting - 10/18/2017 Page 133 / 133