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03-02-2020 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Monday, March 2, 2020 Regular Meeting Packet Board Members: Tom Gdowski - Chairman Glen Murray – Vice Chairman Sue Pirnie Glenn Wilson Krae Dutoit 12:00 PM Grand Island Regular Meeting - 3/2/2020 Page 1 / 34 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 - 3/2/2020 Page 2 / 34 Community Redevelopment Authority (CRA) Monday, March 2, 2020 Regular Meeting Item A1 Agenda Staff Contact: Grand Island Regular Meeting - 3/2/2020 Page 3 / 34 Grand Island Regular Meeting - 3/2/2020 Page 4 / 34 Community Redevelopment Authority (CRA) Monday, March 2, 2020 Regular Meeting Item B1 Minutes - January 15, 2020 Staff Contact: Grand Island Regular Meeting - 3/2/2020 Page 5 / 34 FFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF January 15, 2020 Pursuant to due call and notice thereof, a Meeting of the Community Redevelopment Authority of the City of Grand Island, Nebraska was conducted on January 15, 2020 at City Hall, 100 E. First Street. Notice of the meeting was given in the January 8, 2020 Grand Island Independent. 1.CALL TO ORDER. Chairman Gdowski called the meeting to order at 3:00 p.m. The following members were present: Tom Gdowski, Glen Murray, Glenn Wilson, Sue Pirnie and Krae Dutoit. Also present were: Director Chad Nabity, Planning Administrative Assistant Norma Hernandez, Council President Vaughn Minton, Assistant Finance Director Brian Schultz, Accountant Molly McMullen 2.APPROVAL OF MINUTES. A motion for approval of the Minutes for the December 18, 2019 meeting was made by Pirnie and second by Dutoit. Upon roll call vote, all present voted aye. Motion carried 5-0 3.APPROVAL OF FINANCIAL REPORTS. Brian Schultz stated the 50,000 dollar payout is under Husker Harvest Days should be under business improvement. A motion was made by Murray and second by Pirnie to approve the financials from December 1 – December 31, 2019. Upon roll call vote, all present voted aye. Motion carried 4-0. 4.APPROVAL OF BILLS. A motion was made by Pirnie and second by Dutoit to approve the bills in the amount of $104,512.08. Upon roll call vote, all present voted aye. Motion carried 4-0. 5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY. The committed projects and CRA properties were reviewed by Nabity. Façade Projects – Edwards Audio – Have not seen anything from them. Bosselman – Bills were turned in and will be taken off. Hedde Building – is looking good. They have 3 apartments should be done within a month. The first floor includes commercial space that will be used for office, retail space and a hair salon. Old City Hall building – Payment was included in bills and will come off. Sherwin Williams - will be started this spring. Life Safety Grants – Peaceful Root – Should be receiving at any time. Rawr Holdings – Have not heard anything. All façade funds have been awarded. There are some funds left in other projects 6. Redevelopment Contract for CRA Area #2 Bosselman Kings Crossing. a.Consideration of Resolution 329 – Approval of Contract and Bonds for Bosselman Kings Crossing. Grand Island Regular Meeting - 3/2/2020 Page 6 / 34 Nabity explained the new Pump and Pantry is located in front of the hotel on South Locust and Lake Street. The project will be started this spring and anticipating to be done at the end of the year. Council did approve the redevelopment plan. The contract was prepared by Mike Beacon. A motion was made by Dutoit and second by Murray to approve the Resolution 329. Upon roll call vote all, voted aye. Motion carried 4-0. 7.Redevelopment Contract for CRA Area #17 Prataria Ventures LLC Prairie Commons Project Phase 2 a.Consideration of Resolution 330 – Approval of Contract and Bonds for Prataria Ventures LLC Prairie Commons Project Phase 2 Nabity stated that this will develop 3 more lots next to the new hospital. The project will have three bonds and contract dates. Council approved the redevelopment plan. The contract was prepared by Mike Bacon. A motion was made by Murray and second by Pirnie to approve resolution 330. 8.Redevelopment Plan Amendment for CRA Area #17 – Tabitha Grand Island Inc. Prairie Commons Phase 3. a.Consideration of Resolution 331 – Forward a Redevelopment Plan Amendment to the Grand Island City Council for Phase 3 of the Prairie Commons Development – Tabitha Grand Island Inc. Nabity stated Regional Planning Commission reviewed the Redevelopment plan found that it is consistent with the comprehensive plan. Contract will be drafted after final approval from council. Tabitha Grand Island Inc. is a non –profit organization excluding the independent living and some of the assisted living. Those areas are subject to property taxes. TIF will be based on the units that are taxable. A motion was made by Pirnie and second by Murray to approve the Redevelopment Plan Amendment for CRA Area #17 resolution 331- Tabitha Grande Island Inc. Upon roll call vote, all voted aye. Motion carried 4-0. 9.Discussion and possible action regarding the Nebraska Veterans home in CRA Area #16 a.Contract with State of Nebraska for Acquisition of Nebraska Veteran’s Home property in CRA Area #16 b.Contract with HELP Foundation of Omaha, Inc. (White Lotus Group) for disposition of Nebraska Veteran’s Home property in CRA Area 16 Nabity explained White Lotus will be sending a contract that will be between White Lotus and CRA. The state will send a contract that will be between the Grand Island Regular Meeting - 3/2/2020 Page 7 / 34 state and CRA. Both contracts will be presented to CRA at the same time. Both contracts are contingent on closing on the same day. The draft redevelopment plan was sent to Mike Bacon for review. The draft redevelopment plan is to authorize the CRA to acquire and sell the property. The item will stay on the agenda. 10. Director’s Report a.Legislative update 2020 Session Nabity provided a short report on pending legislation that has been introduced so far. 11.Adjournment Next meeting 4:00 PM February 12, 2020 Adjournment at 3:45 P.M. Respectfully Submitted, Norma Hernandez Administrative Assistant Grand Island Regular Meeting - 3/2/2020 Page 8 / 34 Community Redevelopment Authority (CRA) Monday, March 2, 2020 Regular Meeting Item C1 Review of Financials Staff Contact: Grand Island Regular Meeting - 3/2/2020 Page 9 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 618,311 622,763 REVENUE: Property Taxes - CRA 18,928 55,523 529,646 474,123 10.48% Property Taxes - Lincoln Pool 7,242 20,033 194,229 174,196 10.31% Property Taxes -TIF's 17,405 67,926 2,500,000 2,477,651 2.72% Loan Income (Poplar Street Water Line) - - 13,000 13,000 0.00% Interest Income - CRA 1,426 7,716 10,000 2,284 77.16% Interest Income - TIF'S - 294 - - Land Sales - 37,884 200,000 162,116 18.94% Other Revenue - CRA 188 200,462 300,000 99,538 66.82% Other Revenue - TIF's - - - - TOTAL REVENUE 45,190 389,837 3,746,875 3,402,908 10.40% TOTAL RESOURCES 663,501 389,837 4,369,638 3,402,908 EXPENSES Auditing & Accounting - - 3,000 3,000 0.00% Legal Services - - 3,000 3,000 0.00% Consulting Services - - 5,000 5,000 0.00% Contract Services 4,289 16,245 75,000 58,755 21.66% Printing & Binding - - 1,000 1,000 0.00% Other Professional Services 136 136 16,000 15,864 0.85% General Liability Insurance - - 250 250 0.00% Postage - - 200 200 0.00% Legal Notices 87 137 500 363 27.43% Travel & Training - - 4,000 4,000 0.00% Other Expenditures - - - - Office Supplies - - 1,000 1,000 0.00% Supplies - - 300 300 0.00% Land - - 100,000 100,000 Bond Principal - Lincoln Pool - 180,000 180,000 - 100.00% Bond Interest - 7,903 14,229 6,327 55.54% Husker Harvest Days - 200,000 200,000 - 100.00% Façade Improvement - - 220,000 220,000 0.00% Building Improvement 100,000 150,000 715,000 565,000 20.98% Other Projects - 220,000 220,000 0.00% Bond Principal-TIF's - 84,835.00 2,500,000 2,500,000 3.39% Bond Interest-TIF's - 715 - - Interest Expense - - - - TOTAL EXPENSES 104,512 639,971 4,258,479 3,704,058 15.03% INCREASE(DECREASE) IN CASH (59,322) (250,133) (511,604) ENDING CASH 558,989 (250,133) 111,159 - CRA CASH 518,479 Lincoln Pool Tax Income Balance 10,799 TIF CASH 29,711 Total Cash 558,989 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 Grand Island Regular Meeting - 3/2/2020 Page 10 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 GENERAL OPERATIONS: Property Taxes - CRA 18,928 55,523 529,646 474,123 10.48% Property Taxes - Lincoln Pool 7,242 20,033 194,229 174,196 10.31% Interest Income 1,426 7,716 10,000 2,284 77.16% Loan Income (Poplar Street Water Line) - 13,000 13,000 0.00% Land Sales 37,884 200,000 162,116 18.94% Other Revenue & Motor Vehicle Tax 188 200,462 300,000 99,538 66.82% TOTAL 27,785 321,617 1,246,875 925,258 25.79% WALNUT HOUSING PROJECT Property Taxes - - Interest Income 294 - Other Revenue - - - TOTAL - 294 - - GIRARD VET CLINIC Property Taxes - - TOTAL - - - - GEDDES ST APTS-PROCON Property Taxes - - TOTAL - - - - SOUTHEAST CROSSING Property Taxes 7,451 9,052 - TOTAL 7,451 9,052 - - POPLAR STREET WATER Property Taxes 87 - TOTAL - 87 - - CASEY'S @ FIVE POINTS Property Taxes - - TOTAL - - - - SOUTH POINTE HOTEL PROJECT Property Taxes - - TOTAL - - - - TODD ENCK PROJECT Property Taxes - - TOTAL - - - - JOHN SCHULTE CONSTRUCTION Property Taxes 3,837 - TOTAL - 3,837 - - PHARMACY PROPERTIES INC Property Taxes - - TOTAL - - - - KEN-RAY LLC Property Taxes 22,838 - TOTAL - 22,838 - - Grand Island Regular Meeting - 3/2/2020 Page 11 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 TOKEN PROPERTIES RUBY Property Taxes - - TOTAL - - - - GORDMAN GRAND ISLAND Property Taxes - - TOTAL - - - - BAKER DEVELOPMENT INC Property Taxes 1,849 - TOTAL - 1,849 - - STRATFORD PLAZA INC Property Taxes - - TOTAL - - - - COPPER CREEK 2013 HOUSES Property Taxes - - TOTAL - - - - FUTURE TIF'S Property Taxes - 2,500,000 2,500,000 TOTAL - - 2,500,000 2,500,000 CHIEF INDUSTRIES AURORA COOP Property Taxes - - TOTAL - - - - TOKEN PROPERTIES KIMBALL ST Property Taxes - - TOTAL - - - - GI HABITAT OF HUMANITY Property Taxes - - TOTAL - - - - AUTO ONE INC Property Taxes 6,876 (6,876) TOTAL - 6,876 - (6,876) EIG GRAND ISLAND Property Taxes - - TOTAL - - - - TOKEN PROPERTIES CARY ST Property Taxes - - TOTAL - - - - Grand Island Regular Meeting - 3/2/2020 Page 12 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 WENN HOUSING PROJECT Property Taxes - - TOTAL - - - - COPPER CREEK 2014 HOUSES Property Taxes 3,423 8,341 (8,341) TOTAL 3,423 8,341 - (8,341) TC ENCK BUILDERS Property Taxes - - TOTAL - - - - SUPER MARKET DEVELOPERS Property Taxes - - TOTAL - - - - MAINSTAY SUITES Property Taxes - - TOTAL - - - - TOWER 217 Property Taxes - - TOTAL - - - - COPPER CREEK 2015 HOUSES Property Taxes - - - TOTAL - - - - NORTHWEST COMMONS Property Taxes 7,132 - (7,132) TOTAL - 7,132 - (7,132) HABITAT - 8TH & SUPERIOR Property Taxes - - TOTAL - - - - KAUFMAN BUILDING Property Taxes - - TOTAL - - - - TALON APARTMENTS Property Taxes - - TOTAL - - - - VICTORY PLACE Property Taxes - - TOTAL - - - - THINK SMART Property Taxes 6,532 6,532 (6,532) TOTAL 6,532 6,532 - (6,532) Grand Island Regular Meeting - 3/2/2020 Page 13 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 BOSSELMAN HQ Property Taxes - - TOTAL - - - - TALON APARTMENTS 2017 Property Taxes - - TOTAL - - - - WEINRICH DEVELOPMENT Property Taxes - - TOTAL - - - - WING WILLIAMSONS Property Taxes 1,382 (1,382) TOTAL - 1,382 - (1,382) HATCHERY HOLDINGS Property Taxes - - TOTAL - - - - FEDERATION LABOR TEMPLE Property Taxes - - TOTAL - - - - MIDDLETON PROPERTIES II Property Taxes - - TOTAL - - - - COPPER CREEK 2016 HOUSES Property Taxes - - TOTAL - - - - EAST PARK ON STUHR Property Taxes - - TOTAL - - - - TOTAL REVENUE 45,190 389,837 3,746,875 3,402,908 10.40% - - Grand Island Regular Meeting - 3/2/2020 Page 14 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting - 3,000 3,000 0.00% Legal Services - 3,000 3,000 0.00% Consulting Services - 5,000 5,000 0.00% Contract Services 4,289 16,245 75,000 58,755 21.66% Printing & Binding - 1,000 1,000 0.00% Other Professional Services 136 136 16,000 15,864 0.85% General Liability Insurance - 250 250 0.00% Postage - 200 200 0.00% Legal Notices 87 137 500 363 27.43% Travel & Training - 4,000 4,000 0.00% Office Supplies - 1,000 1,000 0.00% Supplies - 300 300 0.00% Land - 100,000 100,000 Bond Principal - Lincoln Pool 180,000 180,000 - 100.00% Bond Interest - Lincoln Pool 7,903 14,229 6,327 55.54% PROJECTS Husker Harvest Days 200,000 200,000 - 100.00% Façade Improvement - 220,000 220,000 0.00% Building Improvement 100,000 150,000 715,000 565,000 0.00% Other Projects - 220,000 220,000 0.00% TOTAL CRA EXPENSES 104,512 554,421 1,758,479 1,204,058 31.53% WALNUT HOUSING PROJECT Bond Principal 34,401 - - Bond Interest 715 - - TOTAL - 35,116 - - GIRARD VET CLINIC Bond Principal - - - TOTAL - - - - GEDDES ST APTS - PROCON Bond Principal - - - TOTAL - - - - SOUTHEAST CROSSINGS Bond Principal 1,602 - - TOTAL - 1,602 - - POPLAR STREET WATER Bond Principal - - - TOTAL - - - - CASEY'S @ FIVE POINTS Bond Principal - - - TOTAL - - - - Grand Island Regular Meeting - 3/2/2020 Page 15 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 SOUTH POINTE HOTEL PROJECT Bond Principal - - - TOTAL - - - - TODD ENCK PROJECT Bond Principal - - - TOTAL - - - - JOHN SCHULTE CONSTRUCTION Bond Principal 3,837 - - TOTAL - 3,837 - - PHARMACY PROPERTIES INC Bond Principal - - - TOTAL - - - - KEN-RAY LLC Bond Principal 22,838 - - TOTAL - 22,838 - - TOKEN PROPERTIES RUBY Bond Principal - - - TOTAL - - - - GORDMAN GRAND ISLAND Bond Principal - - - TOTAL - - - - BAKER DEVELOPMENT INC Bond Principal 1,849 - - TOTAL - 1,849 - - STRATFORD PLAZA LLC Bond Principal - - - TOTAL - - - - COPPER CREEK 2013 HOUSES Bond Principal - - - TOTAL - - - - CHIEF INDUSTRIES AURORA COOP Bond Principal - - - TOTAL - - - - TOKEN PROPERTIES KIMBALL STREET Bond Principal - - - TOTAL - - - - GI HABITAT FOR HUMANITY Bond Principal - - - TOTAL - - - - Grand Island Regular Meeting - 3/2/2020 Page 16 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 AUTO ONE INC Bond Principal 6,876 - - TOTAL - 6,876 - - EIG GRAND ISLAND Bond Principal - - - TOTAL - - - - TOKEN PROPERTIES CARY STREET Bond Principal - - - TOTAL - - - - WENN HOUSING PROJECT Bond Principal - - - TOTAL - - - - COPPER CREEK 2014 HOUSES Bond Principal 4,918 - - TOTAL - 4,918 - - TC ENCK BUILDERS Bond Principal - - - TOTAL - - - - SUPER MARKET DEVELOPERS Bond Principal - - - TOTAL - - - - MAINSTAY SUITES Bond Principal - - - TOTAL - - - - TOWER 217 Bond Principal - - - TOTAL - - - - COPPER CREEK 2015 HOUSES Bond Principal - - - TOTAL - - - NORTHWEST COMMONS Bond Principal 7,132 - - TOTAL - 7,132 - HABITAT - 8TH & SUPERIOR Bond Principal - - - TOTAL - - - KAUFMAN BUILDING Bond Principal - - - TOTAL - - - Grand Island Regular Meeting - 3/2/2020 Page 17 / 34 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET January-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2020 TALON APARTMENTS Bond Principal - - - TOTAL - - - VICTORY PLACE Bond Principal - - - TOTAL - - - FUTURE TIF'S Bond Principal - 2,500,000 2,500,000 TOTAL - - 2,500,000 2,500,000 THINK SMART Bond Principal - - - TOTAL - - - BOSSELMAN HQ Bond Principal - - - TOTAL - - - TALON APARTMENTS 2017 Bond Principal - - - TOTAL - - - WEINRICH DEVELOPMENT Bond Principal - - - TOTAL - - - WING WILLIAMSONS Bond Principal 1,382 - - TOTAL - 1,382 - HATCHERY HOLDINGS Bond Principal - - - TOTAL - - - FEDERATION LABOR TEMPLE Bond Principal - - - TOTAL - - - MIDDLETON PROPERTIES II Bond Principal - - - TOTAL - - - COPPER CREEK 2016 HOUSES Bond Principal - - - TOTAL - - - EAST PARK ON STUHR Bond Principal - - - TOTAL - - - TOTAL EXPENSES 104,512 639,971 4,258,479 3,704,058 15.03% Grand Island Regular Meeting - 3/2/2020 Page 18 / 34 02/12/2020 15:44 |CITY OF GRAND ISLAND |P 1 mollym |BALANCE SHEET FOR 2020 4 |glbalsht NET CHANGE ACCOUNT FUND: 900 COMMUNITY REDEVELOPMENT AUTHOR FOR PERIOD BALANCE__________________________________________________________________________________________________________ ASSETS 900 11110 OPERATING CASH -59,321.83 558,988.83 900 11120 COUNTY TREASURER CASH .00 89,991.94 900 11305 PROPERTY TAXES RECEIVABLE .00 196,379.00 900 11500 INTEREST RECEIVABLE .00 3,683.04 900 14100 NOTES RECEIVABLE .00 38,568.36 900 14700 LAND .00 490,485.75_______________________________________ TOTAL ASSETS -59,321.83 1,378,096.92_______________________________________ LIABILITIES 900 22100 LONG TERM DEBT .00 -36,693.00 900 22400 OTHER LONG TERM DEBT .00 -755,000.00 900 22900 ACCRUED INTEREST PAYABLE .00 -4,609.79 900 25100 ACCOUNTS PAYABLE .00 -35,654.83 900 25315 DEFERRED REVENUE-PROPERY TAX .00 -185,416.00_______________________________________ TOTAL LIABILITIES .00 -1,017,373.62_______________________________________ FUND BALANCE 900 39110 INVESTMENT IN FIXED ASSETS .00 -490,485.75 900 39112 FUND BALANCE-BONDS .00 753,124.64 900 39120 UNRESTRICTED FUND BALANCE .00 -873,495.34 900 39500 REVENUE CONTROL -45,190.25 -389,837.49 900 39600 EXPENDITURE CONTROL 104,512.08 639,970.64_______________________________________ TOTAL FUND BALANCE 59,321.83 -360,723.30_______________________________________ TOTAL LIABILITIES + FUND BALANCE 59,321.83 -1,378,096.92======================================= ** END OF REPORT - Generated by Molly McMullen ** Grand Island Regular Meeting - 3/2/2020 Page 19 / 34 Community Redevelopment Authority (CRA) Monday, March 2, 2020 Regular Meeting Item D1 Bills - Jan. 2020 Staff Contact: Grand Island Regular Meeting - 3/2/2020 Page 20 / 34 Grand Island Regular Meeting - 3/2/2020 Page 21 / 34 Community Redevelopment Authority (CRA) Monday, March 2, 2020 Regular Meeting Item E1 Committed Projects and CRA Properties Staff Contact: Grand Island Regular Meeting - 3/2/2020 Page 22 / 34 COMMITTED PROJECTS REMAINING GRANT AMOUNT 2020 FISCAL YR 2021 FISCAL YR 2022 FISCAL YR ESTIMATED COMP Edwards Audio-618 W 3rd (11-13-19) $ 66,213.00 $ 66,213.00 2020 Hedde Building 201-205 W. 3rd (10-18- 17) $ 300,000.00 $ 300,000.00 Spring 2020 Sherwin Williams-502-508 W 3rd (11-13- 19) $ 100,000.00 $ 100,000.00 2020 Sierra Arends-121 W 3rd (11-13-19) $ 57,447.00 $ 57,447.00 2020 Total Committed $ 523,660.00 $ 523,660.00 $ - $ - FIRE & LIFE SAFETY GRANT TOTAL AMOUNT 2019 FISCAL YR 2020 FISCAL YR 2021 FISCAL YR ESTIMATED COMP 201-203 W. 3rd St. Anson (8-24-16) $ 310,000.00 $ 310,000.00 Spring 2020 Peaceful Root 217 N Locust (9/18/19) $ 70,000.00 $ 70,000.00 Rawr Holdings 110 W 2nd (12/12/18) $ 35,000.00 $ 35,000.00 Winter 2019 Total Committed F&L Safety Grant $ 415,000.00 $ 415,000.00 $ - $ - BUDGET COMMITTED LEFT Façade Budgeted 2020 $ 220,000.00 $ 223,660.00 $ (3,660.00) Other Projects Budgeted 2020 $ 220,000.00 $ - $ 220,000.00 Land - Budgeted 2020 $ 100,000.00 $ - $ 100,000.00 Land Sales Budgeted 2020 $ (200,000.00) $ - $ (200,000.00) subtotal $ 223,660.00 $ 116,340.00 Less committed ($938,660.00)$0.00 Balance remaining $ (715,000.00) $ 116,340.00 BUDGET PAID LEFT Building Improvements * $ 715,000.00 $ 150,000.00 $ 565,000.00 *Includes Life Safety, Façade, Other grants made in previous fiscal years CRA PROPERTIES Address Purchase Price Purchase Date Demo Cost Status 3235 S Locust (Desert Rose) $450,000 4/2/2010 $39,764 Surplus January 31, 2020 Grand Island Regular Meeting - 3/2/2020 Page 23 / 34 Community Redevelopment Authority (CRA) Monday, March 2, 2020 Regular Meeting Item I1 Redevelopment Plan Amendment for CRA Area #16 - Veterans Home Acquisition and Transfer Staff Contact: Grand Island Regular Meeting - 3/2/2020 Page 24 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 1 Grand Island Veteran’s Home Redevelopment Project January 2020 State of Nebraska (State), HELP Foundation of Omaha Inc. (White Lotus), a non- profit corporation affiliated with White Lotus Group of Omaha, Nebraska, the Grand Island Community Redevelopment Authority (CRA) and the City of Grand Island, Nebraska (City) intend to complete a transaction providing for the redevelopment of the Grand Island Nebraska Veterans Home property in Grand Island, Nebraska. Executive Summary: The State of Nebraska owned and operated a state Veteran’s Home (Soldiers and Sailors Home) in north central Grand Island between 1888 and 2019. In January of 2019 the resident veterans were relocated to a new facility in Kearney, Nebraska. Following the move to the new facility (during the summer of 2019) the Nebraska Department of Administrative Services (DAS) sought redevelopment proposals for the 48 acre site of containing the buildings and facilities. A committee consisting of DAS employees, Grand Island residents, and community leaders reviewed proposals as submitted and selected White Lotus Group of Omaha partnering with Chief Industries and O’Connor Enterprises as the most responsible applicant and the best team for redevelopment of the site. In June of 2019 the Grand Island City Council declared the Veteran’s Home property included in CRA Area #16 to be Substandard and Blighted in accordance with the Nebraska Community Development Law (Act). In November of 2019 the CRA solicited the general public for redevelopment proposals for a portion of CRA Area #16 including the Veterans Home Campus. One proposal was received, from the White Lotus Group and their partners; in December of 2019 the CRA passed Resolution 328 notifying the Grand Island City Council of the intent of the CRA to enter into a redevelopment contract with the White Lotus Group upon approval of a redevelopment plan and other agreements as needed. In December of 2019 the DAS Vacant Building and Excess Land (VBEL) Committee met and declared the remaining 58 acres of the Veteran’s Home campus to be vacant and excess making it available for acquisition and redevelopment. It is the intent of the City, the State and White Lotus to facilitate the transfer of the Veteran’s Home Property to the White Lotus Group using CRA and powers granted to the CRA and the City under the Act and this redevelopment plan is being proposed for that express purpose. Project Description This Redevelopment Project is intended provide for the redevelopment of the buildings and property of the Veterans Home Campus in Grand Island, Nebraska. To honor the history and sacrifices of our veterans by preserving historic elements of property. To Grand Island Regular Meeting - 3/2/2020 Page 25 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 2 enhance the partnership between the State and the City regarding this site by facilitating the transfer of this property from the State to the White Lotus Group. The City has approved a blight study and determined that the Veterans Home Campus is located within a blighted or substandard area (Area 16). This Redevelopment Plan recognizes that the Veterans Home Campus is located within a blighted or substandard area, thereby enabling the City to undertake a redevelopment project pursuant to the Act. The Property transfer is anticipated to occur after April 1, 2020 upon agreement of all parties and following approval of this plan by the City Council and more than 30 days after the execution of a redevelopment contract between White Lotus and the CRA. At that time, the following actions are contemplated: 1. The State shall transfer the property in fee simple by warranty or special deed to the CRA. The State is transferring the property the CRA pursuant to Neb. Rev. Stat. §18-2138. 2. The CRA shall transfer the property in fee simple by warranty or special deed to White Lotus. Such transfer shall be subject to significant covenants requiring White Lotus to redevelop the property. Section 18-2118 of the Act provides that the CRA may transfer real estate at “fair value for uses in accordance with a redevelopment plan. In determining fair value, the CRA is required to: Take into account and give consideration to the uses and purposes required by such plan; the restrictions upon, and the covenants, conditions, and obligations assumed by the redeveloper of such property; the objectives of the redevelopment plan for the prevention of the recurrence of substandard and blighted areas; and such other matters as the authority shall specify as being appropriate. Neb. Rev. Stat. 18-2118 The CRA has reviewed the appraisal provided by the DAS for the property and reviewed the significant costs required to rehabilitate the property pursuant to this Redevelopment Plan. The covenants in the redevelopment contract will require an investment by White Lotus in excess of the value of the property. Therefore, the CRA intends to transfer the property to White Lotus, immediately upon receiving title pursuant to Section 18-2107(4) of the Act empowering the CRA to make “grants……to…private parties in order to accomplish the rehabilitation or redevelopment in accordance with a redevelopment plan”. The CRA will impose covenants on the property but shall not receive financial consideration for the transfer of title to White Lotus. 3. White Lotus shall accept the property in an “as is, where is” condition indemnifying the CRA from any liability the CRA may have incurred during its period of ownership. Grand Island Regular Meeting - 3/2/2020 Page 26 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 3 In exchange for the property White Lotus will proceed with the redevelopment of the property as proposed subject to the covenants established in the redevelopment contract. Changes to the redevelopment plan may be approved by the CRA and City Council. REDEVELOPMENT PROJECT SHALL BE LIMITED TO THE FOLLOWING GEOGRAPHIC AREA: Property Description (the “Redevelopment Project Area”) Legal Description: MISCELLANEOUS TRACTS 5-11-9 TO THE CITY OF GRAND ISLAND 58.78AC~ PIN: Commonly Known as: Grand Island Veterans Home Campus Address: 2206 Capital Ave, Grand Island NE Grand Island Regular Meeting - 3/2/2020 Page 27 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 4 Existing Land Use Map Grand Island Regular Meeting - 3/2/2020 Page 28 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 5 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. Redevelopment Project Area 16 was declared to be declared blighted and substandard by action of the Grand Island City Council.[§18-2109] with the passage of Resolution #2019-201 on June 25, 2019. Such declaration was made after a public hearing in 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 Project is consistent with the Comprehensive Plan of Grand Island and no changes in the Comprehensive Plan elements are intended. Documentation of compliance with the Comprehensive plan was provided by the Hall County Regional Planning Commission at a public hearing at their meeting on March 11, 2020 wherein the Commission passed Resolution 2020-05 confirming that this project is consistent with the Comprehensive Plan for the City of Grand Island. 3. The Redevelopment Plan must be sufficiently complete to address the following items: [§18-2103(13) (b)] (a) Land Acquisition: The Redevelopment Plan specifically grants authority for the CRA to acquire this property with the intent of transferring the property to White Lotus immediately upon acquisition and paying such costs as may be required to accomplish the maintenance and transfer of the property. (b) Demolition and Removal of Structures: The project to be implemented pursuant to this Redevelopment Plan will required demolitions. However complete building demolition is not comtemplated. The primary purpose and intent of this project is to provide for adaptive reuse of the existing structures. (c) Future Land Use Plan: The Veterans Home Campus was designated a public use while the property on the south side of Capital is shown as mixed use office it is appropriate to consider the changes in ownership of the property and extend the mixed use office designation to include the Campus. [§18- 2103(b) and §18-2111]. Grand Island Regular Meeting - 3/2/2020 Page 29 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 6 Grand Island Regular Meeting - 3/2/2020 Page 30 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 7 (d) Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes: The Veterans Home Campus is zoned RO Residential Office all of the proposed uses included in the redevelopment proposal are permitted in the RO zoning district. 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 Veterans Home Campus is zoned RO Residential Office and can accommodate the improvements contemplated as part of this Redevelopment Project. [§18-2103(b) and §18-2111] No additional land coverage is contemplated with structures. However additional structures are not prohibited. (f) Additional Public Facilities or Utilities: Sewer and water are available to support this development. No other utilities would be impacted by the development. [§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] No members of the CRA or City employees 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. It is anticipated that the State of Nebraska will grant the property to the Grand Island Community Redevelopment Authority as an independent political entity in the State of Nebraska. The CRA will then grant the property to White Lotus subject to covenants established in a redevelopment contract. This plan provides for both the acquisition and disposition of the Veterans Home Campus property. Grand Island Regular Meeting - 3/2/2020 Page 31 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 8 (b) Statement of proposed method of financing the Redevelopment Project. White Lotus Group and their partners will be responsible for providing financing for the project. The City of Grand Island may participate if approvals are granted in authorizing Tax Increment Financing (TIF), Property Assessed Clean Energy program (PACE) Financing and other programs only on prior approval following statutory compliance and redevelopment plan amendment. (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 negative impact on the Comprehensive Plan for the City of Grand Island. The improvements contemplated under this Redevelopment Plan will raise property values and provide a stimulus to keep surrounding properties properly maintained and support additional development. The intent of the property Redevelopment Plan is to prevent recurring elements of blighting conditions. .Justification of Project The Grand Island Veteran’s Home has been a major source of community pride since its inception. The loss of the Veteran’s Home has left a number of unanswered questions about this property and how it will be used. This process including the request for development proposals by the State of Nebraska and by the Grand Island CRA is an attempt to provide direction to the redevelopment, provide benefits to the community, along with preserving the historic nature of the facility. Grand Island Regular Meeting - 3/2/2020 Page 32 / 34 Veterans Home Campus Property Transfer Redevelopment Plan Page 9 9. 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. 10. Time Frame for Development It is anticipated that the acquisition of this property from the State of Nebraska would occur on or after April 1, 2020. It is further anticipated that the CRA will transfer the property to White Lotus the same day that it is acquired from the State of Nebraska Grand Island Regular Meeting - 3/2/2020 Page 33 / 34 Veterans Home Acquistion COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 332 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 2nd day of March, 2020 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Grand Island Regular Meeting - 3/2/2020 Page 34 / 34