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08-12-2020 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Packet Board Members: Tom Gdowski - Chairman Glen Murray – Vice Chairman Sue Pirnie Glenn Wilson Krae Dutoit 4:00 PM Grand Island Regular Meeting - 8/12/2020 Page 1 / 87 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 - 8/12/2020 Page 2 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item A1 Agenda 8/12/20 Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 3 / 87 Grand Island Regular Meeting - 8/12/2020 Page 4 / 87 Grand Island Regular Meeting - 8/12/2020 Page 5 / 87 COMMUNITY REDEVELOPMENT AUTHORITY AGENDA MEMORANDUM 4 p.m. Wednesday, August 12, 2020 2. APPROVAL OF MINUTES. The minutes of the Community Redevelopment Authority meeting July 8, 2020 are submitted for approval. A MOTION is in order. 3. APPROVAL OF FINANCIAL REPORTS. Financial reports for the period of July 1 through July 31, 2020 are submitted for approval. A MOTION is in order. 4. APPROVAL OF BILLS. Payment of bills in the amount of $319,167.55 is submitted for approval. A MOTION is in order. 5. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. 6. REDEVELOPMENT PLAN – J& L WESTWARD ENTERPRISES LLC.-CAAP Concerning a redevelopment plan for CRA Area No. 25 for J & L Westward Enterprises LLC for 6060 W. Old Potash Highway 2. The request from J & L Westward calls for redevelopment of the northwest corner of the intersection of 60th Road and Old Potash Highway at the entrance to the Cornhusker Army Ammunition Plant for industrial uses. The plan requests $359,625 in tax increment financing. The CRA may forward the plan to the Grand Island City Council for final approval. A MOTION to approve Resolution 341 is in order. 7. CONTRACT AMENDMENT 1 FOR TABITHA (PRATARIA PHASE 3) – The proposed contract amendment extends the timeline for development of the site and completion of the project along with allowing the redeveloper to apply for state and local sales tax exemptions based on their nonprofit status. Delays have occurred both with completing the financing and COVID-19. 8. REQUESTS FOR OTHER PROJECTS GRANT FUNDING- a.WILLOW STREET SEWER PROJECT – The CRA has previously discussed this project including partial funding of the sewer based on the assessments for the project. Final assessments will be approved by the Grand Island City Council on August 11, 2020. The total requested is $111,371.08. This will pay the assessments on 17 of the 20 lots developed with the Starostka Fifth Street project. Starostka’s would have been responsible for only 3 of the parcels served by this project if they had not decided to move forward with the subdivision. The CRA will be using the other projects funds to buy the first series of the TIF bond on the project and will be repaid from the proceeds of the TIF. b.SENIOR CITIZENS INDUSTRIES REQUEST – Senior Citizens Industries is requesting $3,742.50 to pay for renovation of the landscaping on the 3rd Street side of their building. The proposed improvement will Grand Island Regular Meeting - 8/12/2020 Page 6 / 87 freshen the look of the property at this end of 3rd street enhancing and improving the area. 9. 2020-21 BUDGET APPROVAL The attached memo shows the projected end of year cash and revenues for next year based on a tax request identical to this year. Suggestions have been made for budgeting for operating, façade grants, real estate purchases and other grants. Projections for estimated TIF Payments are included along with an additional $500,000 to insure adequate budget authority for all payments. 10. DIRECTOR’S REPORT. a.LB1021 Micro TIF 9. ADJOURNMENT. Chad Nabity Director Grand Island Regular Meeting - 8/12/2020 Page 7 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item B1 Meeting Minutes 7/8/20 Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 8 / 87 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF July 8, 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 July 8, 2020 at City Hall, 100 E. First Street. Notice of the meeting was given in the July 1, 2020 Grand Island Independent. 1.CALL TO ORDER. Vice Chair Murray called the meeting to order at 4:00 p.m. The following members were present: Glen Murray, Glenn Wilson and Sue Pirnie. Also present were: Director Chad Nabity, Planning Administrative Assistant Norma Hernandez, Council President Vaughn Minton, Finance Director Patrick Brown. 2.APPROVAL OF MINUTES. A motion for approval of the Minutes for the June 10, 2020 meeting was made by Wilson and second by Dutoit. Upon roll call vote, all present voted aye. Motion carried 3-0 3.APPROVAL OF FINANCIAL REPORTS. Wilson mentioned the remaining balance under Bond Principal – TIF’s is the same as the amount budgeted. A motion was made by Wilson and second by Pirnie to approve the financials from June 1 – June 30, 2020. Upon roll call vote, all present voted aye. Motion carried 3-0. 4.APPROVAL OF BILLS. A motion was made by Pirnie and second by Dutoit to approve the bills in the amount of $3,846.23. Upon roll call vote, all present voted aye. Motion carried 3-0. 5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY. The committed projects and CRA properties were reviewed by Nabity. Façade Projects –Amos is anticipating the 3 façade projects will be done before the September meeting. The payments of $223,660 will be out of this fiscal year. September meeting will be moved to September 16th to payout TIF payments coming in on September 10th. Life Safety Grants – None of the Life Safety projects will be paid this fiscal year. South Locust property – There was a mix up with the way the deed was written on the piece that was sold to Talon. The assessor and register of deeds were convinced that Talon owned all of Talon 2nd subdivision. A quick claim deed will be prepared to get filed to take care of the mix up. 6. Redevelopment Contract for CRA Area #25 – J & L Westward Enterprises. a.Consideration of Resolution 339 – Forward a Redevelopment Plan Amendment to the Hall County Regional Planning Commission for redevelopment of property at 6060 W. Old Potash Highway – J & L Westward Enterprises LLC. Grand Island Regular Meeting - 8/12/2020 Page 9 / 87 b.Consideration of Resolution 340 – Resolution of Intent to enter into a Site Specific Redevelopment Contract and Approval of related actions 30-day notice to city council for redevelopment of 6060 W. Old Potash Highway – J & L Westward Enterprises LLC. Nabity explained the property is out at the Cornhusker Army Ammunition Plant on 60th and Old Potash. Mr. Webb has purchased 10 acres and is proposing to build a new facility for his business. The property is not within city limits but it is on the former military site and is eligible for TIF. The purchase price will be used as one of the eligible activities as well as utilities on site and paving private roads. The total TIF asked is 359,625. Ron Depue representing John Webb stated John is the owner of Webb Cutting Components and has been in business over 30 years. Moving to the new location John Webb will give him the ability to expand the business and add more employees. A motion was made by Pirnie and second by Wilson to approve the Resolution 339 and 340. Upon roll call vote all, voted aye. Motion carried 3-0. 7.Director’s Report Preliminary Budget Thoughts and Discussion Nabity stated his recommendation is to make the same request for funding as last year. Paying off the 3 façade projects this year will end up with starting cash of $617,000 and commitments of $670,000. The sewer project at the 5th Street project will be going for certificate of final completion on Tuesday. The Board of Equalization will meet soon and set the assessments on the lots. CRA will pay for that but will buy the first portion of the first portion of the Bond TIF for around $120,000. $48,000 of next years budget will be needed to to make up the current deficit. Projected income - $550,000 not counting any land sales and in excess of funds needed pay the Lincoln Pool Bonds Estimated operating expenses - $109,000 Façade -$200,000 Other grants – $200,000 The payment to Husker Harvest Days will still need to be made even if there is no show this year. The contract gives them one year time frame they can skip a show and the forgiveness period would be extended one year. 8.Adjournment Adjournment at 4:28 P.M. Next meeting 4:00 P.M. August 12, 2020 Respectfully Submitted, Norma Hernandez Administrative Assistant Grand Island Regular Meeting - 8/12/2020 Page 10 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item C1 Financials Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 11 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 842,507 622,763 REVENUE: Property Taxes - CRA 10,531 363,299 529,646 166,347 68.59% Property Taxes - Lincoln Pool 2,200 119,919 194,229 74,310 61.74% Property Taxes -TIF's 25,679 1,798,076 2,500,000 1,600,717 71.92% Loan Income (Poplar Street Water Line) - - 13,000 13,000 0.00% Interest Income - CRA 684 13,993 10,000 - 139.93% Interest Income - TIF'S - 294 - - Land Sales - 37,884 200,000 162,116 18.94% Other Revenue - CRA 437 211,736 300,000 88,264 70.58% Other Revenue - TIF's - - - - TOTAL REVENUE 39,531 2,545,202 3,746,875 2,104,753 67.93% TOTAL RESOURCES 882,038 2,545,202 4,369,638 2,104,753 EXPENSES Auditing & Accounting - 3,000 3,000 - 100.00% Legal Services - - 3,000 3,000 0.00% Consulting Services - - 5,000 5,000 0.00% Contract Services 3,846 42,420 75,000 32,580 56.56% Printing & Binding - - 1,000 1,000 0.00% Other Professional Services - 136 16,000 15,864 0.85% General Liability Insurance - - 250 250 0.00% Postage - - 200 200 0.00% Legal Notices - 223 500 277 44.55% Travel & Training - - 4,000 4,000 0.00% Other Expenditures 44,990 44,990 - - Office Supplies - - 1,000 1,000 0.00% Supplies - - 300 300 0.00% Land 50,000 50,000 100,000 50,000 Bond Principal - Lincoln Pool - 180,000 180,000 - 100.00% Bond Interest - 14,230 14,229 - 100.01% Fiscal Agent Fees/Bond Costs - 525 - - Husker Harvest Days - 200,000 200,000 - 100.00% Façade Improvement - - 220,000 220,000 0.00% Building Improvement - 450,000 715,000 265,000 62.94% Other Projects - 220,000 220,000 0.00% Bond Principal-TIF's - 1,584,884 2,500,000 915,116 63.40% Bond Interest-TIF's - 715 - - Interest Expense - - - - TOTAL EXPENSES 98,836 2,571,122 4,258,479 1,733,588 60.38% INCREASE(DECREASE) IN CASH (59,306) (25,920) (511,604) ENDING CASH 783,202 (25,920) 111,159 - CRA CASH 419,032 Lincoln Pool Tax Income Balance 104,357 TIF CASH 259,813 Total Cash 783,202 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 Grand Island Regular Meeting - 8/12/2020 Page 12 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 GENERAL OPERATIONS: Property Taxes - CRA 10,531 363,299 529,646 166,347 68.59% Property Taxes - Lincoln Pool 2,200 119,919 194,229 74,310 61.74% Interest Income 684 13,993 10,000 - 139.93% 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 437 211,736 300,000 88,264 70.58% TOTAL 13,852 746,831 1,246,875 504,036 59.90% WALNUT HOUSING PROJECT Property Taxes - - Interest Income 294 - Other Revenue - - - TOTAL - 294 - - GIRARD VET CLINIC Property Taxes 5,821 - TOTAL - 5,821 - - GEDDES ST APTS-PROCON Property Taxes 17,346 - TOTAL - 17,346 - - SOUTHEAST CROSSING Property Taxes 13,994 - TOTAL - 13,994 - - POPLAR STREET WATER Property Taxes 493 10,530 - TOTAL 493 10,530 - - CASEY'S @ FIVE POINTS Property Taxes 7,755 - TOTAL - 7,755 - - SOUTH POINTE HOTEL PROJECT Property Taxes 45,939 - TOTAL - 45,939 - - TODD ENCK PROJECT Property Taxes 2,354 - TOTAL - 2,354 - - JOHN SCHULTE CONSTRUCTION Property Taxes 8,115 - TOTAL - 8,115 - - PHARMACY PROPERTIES INC Property Taxes 7,492 - TOTAL - 7,492 - - KEN-RAY LLC Property Taxes 27,627 - TOTAL - 27,627 - - Grand Island Regular Meeting - 8/12/2020 Page 13 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 TOKEN PROPERTIES RUBY Property Taxes 1,630 - TOTAL - 1,630 - - GORDMAN GRAND ISLAND Property Taxes 39,242 - TOTAL - 39,242 - - BAKER DEVELOPMENT INC Property Taxes 3,943 - TOTAL - 3,943 - - STRATFORD PLAZA INC Property Taxes 18,687 - TOTAL - 18,687 - - COPPER CREEK 2013 HOUSES Property Taxes 575 58,562 - TOTAL 575 58,562 - - FUTURE TIF'S Property Taxes - 2,500,000 2,500,000 TOTAL - - 2,500,000 2,500,000 CHIEF INDUSTRIES AURORA COOP Property Taxes 21,313 (21,313) TOTAL - 21,313 - (21,313) TOKEN PROPERTIES KIMBALL ST Property Taxes 1,541 (1,541) TOTAL - 1,541 - (1,541) GI HABITAT OF HUMANITY Property Taxes 2,542 (2,542) TOTAL - 2,542 - (2,542) AUTO ONE INC Property Taxes 14,524 (14,524) TOTAL - 14,524 - (14,524) EIG GRAND ISLAND Property Taxes 40,031 (40,031) TOTAL - 40,031 - (40,031) TOKEN PROPERTIES CARY ST Property Taxes 4,889 (4,889) TOTAL - 4,889 - (4,889) Grand Island Regular Meeting - 8/12/2020 Page 14 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 WENN HOUSING PROJECT Property Taxes 2,567 (2,567) TOTAL - 2,567 - (2,567) COPPER CREEK 2014 HOUSES Property Taxes 4,766 181,347 (181,347) TOTAL 4,766 181,347 - (181,347) TC ENCK BUILDERS Property Taxes 1,901 (1,901) TOTAL - 1,901 - (1,901) SUPER MARKET DEVELOPERS Property Taxes 127,730 (127,730) TOTAL - 127,730 - (127,730) MAINSTAY SUITES Property Taxes 35,067 (35,067) TOTAL - 35,067 - (35,067) TOWER 217 Property Taxes 12,889 14,153 (14,153) TOTAL 12,889 14,153 - (14,153) COPPER CREEK 2015 HOUSES Property Taxes 4,968 156,220 - (156,220) TOTAL 4,968 156,220 - (156,220) NORTHWEST COMMONS Property Taxes 201,246 - (201,246) TOTAL - 201,246 - (201,246) HABITAT - 8TH & SUPERIOR Property Taxes 6,083 (6,083) TOTAL - 6,083 - (6,083) KAUFMAN BUILDING Property Taxes 6,834 (6,834) TOTAL - 6,834 - (6,834) TALON APARTMENTS Property Taxes 76,037 (76,037) TOTAL - 76,037 - (76,037) VICTORY PLACE Property Taxes 5,047 (5,047) TOTAL - 5,047 - (5,047) THINK SMART Property Taxes 6,854 (6,854) TOTAL - 6,854 - (6,854) Grand Island Regular Meeting - 8/12/2020 Page 15 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 BOSSELMAN HQ Property Taxes 95,624 (95,624) TOTAL - 95,624 - (95,624) TALON APARTMENTS 2017 Property Taxes 80,100 (80,100) TOTAL - 80,100 - (80,100) WEINRICH DEVELOPMENT Property Taxes 2,730 (2,730) TOTAL - 2,730 - (2,730) WING WILLIAMSONS Property Taxes 2,871 (2,871) TOTAL - 2,871 - (2,871) HATCHERY HOLDINGS Property Taxes 91,408 (91,408) TOTAL - 91,408 - (91,408) FEDERATION LABOR TEMPLE Property Taxes 3,864 (3,864) TOTAL - 3,864 - (3,864) MIDDLETON PROPERTIES II Property Taxes 8,044 (8,044) TOTAL - 8,044 - (8,044) COPPER CREEK 2016 HOUSES Property Taxes 1,988 86,433 (86,433) TOTAL 1,988 86,433 - (86,433) MENDEZ ENTERPRISES LLC PHASE 1 Property Taxes 212 (212) TOTAL - 212 - (212) EAST PARK ON STUHR Property Taxes 59,513 (59,513) TOTAL - 59,513 - (59,513) TAKE FLIGHT INVESTMENTS Property Taxes 279 (279) TOTAL - 279 - (279) PRATARIA VENTURES HOSPITAL Property Taxes 189,704 (189,704) TOTAL - 189,704 - (189,704) AMMUNITION PLANT Property Taxes 105 (105) TOTAL - 105 - (105) URBAN ISLAND LLC Property Taxes 1,982 (1,982) TOTAL - 1,982 - (1,982) Grand Island Regular Meeting - 8/12/2020 Page 16 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 PEACEFUL ROOT Property Taxes 245 (245) TOTAL - 245 - (245) TOTAL REVENUE 39,531 2,545,202 3,746,875 2,198,753 67.93% - - Grand Island Regular Meeting - 8/12/2020 Page 17 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting 3,000 3,000 - 100.00% Legal Services - 3,000 3,000 0.00% Consulting Services - 5,000 5,000 0.00% Contract Services 3,846 42,420 75,000 32,580 56.56% Printing & Binding - 1,000 1,000 0.00% Other Professional Services 136 16,000 15,864 0.85% General Liability Insurance - 250 250 0.00% Postage - 200 200 0.00% Legal Notices 223 500 277 44.55% Travel & Training - 4,000 4,000 0.00% Other Expenditures 44,990 44,990 - Office Supplies - 1,000 1,000 0.00% Supplies - 300 300 0.00% Land 50,000 50,000 100,000 50,000 Bond Principal - Lincoln Pool 180,000 180,000 - 100.00% Bond Interest - Lincoln Pool 14,230 14,229 - 100.01% Fiscal Agent Fees/Bond Costs 525 - #DIV/0! PROJECTS Husker Harvest Days 200,000 200,000 - 100.00% Façade Improvement - 220,000 220,000 0.00% Building Improvement 450,000 715,000 265,000 0.00% Other Projects - 220,000 220,000 0.00% TOTAL CRA EXPENSES 98,836 985,524 1,758,479 818,471 56.04% WALNUT HOUSING PROJECT Bond Principal 34,401 - - Bond Interest 715 - - TOTAL - 35,116 - - GIRARD VET CLINIC Bond Principal 524 - - TOTAL - 524 - - GEDDES ST APTS - PROCON Bond Principal 17,346 - - TOTAL - 17,346 - - SOUTHEAST CROSSINGS Bond Principal 12,362 - - TOTAL - 12,362 - - POPLAR STREET WATER Bond Principal 9,391 - - TOTAL - 9,391 - - CASEY'S @ FIVE POINTS Bond Principal 7,755 - - TOTAL - 7,755 - - Grand Island Regular Meeting - 8/12/2020 Page 18 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 SOUTH POINTE HOTEL PROJECT Bond Principal 45,939 - - TOTAL - 45,939 - - TODD ENCK PROJECT Bond Principal 2,354 - - TOTAL - 2,354 - - JOHN SCHULTE CONSTRUCTION Bond Principal 4,222 - - TOTAL - 4,222 - - PHARMACY PROPERTIES INC Bond Principal 7,492 - - TOTAL - 7,492 - - KEN-RAY LLC Bond Principal 24,601 - - TOTAL - 24,601 - - TOKEN PROPERTIES RUBY Bond Principal 1,630 - - TOTAL - 1,630 - - GORDMAN GRAND ISLAND Bond Principal 39,242 - - TOTAL - 39,242 - - BAKER DEVELOPMENT INC Bond Principal 2,037 - - TOTAL - 2,037 - - STRATFORD PLAZA LLC Bond Principal 18,687 - - TOTAL - 18,687 - - COPPER CREEK 2013 HOUSES Bond Principal 44,614 - - TOTAL - 44,614 - - CHIEF INDUSTRIES AURORA COOP Bond Principal 21,313 - - TOTAL - 21,313 - - TOKEN PROPERTIES KIMBALL STREET Bond Principal 1,541 - - TOTAL - 1,541 - - GI HABITAT FOR HUMANITY Bond Principal 2,542 - - TOTAL - 2,542 - - Grand Island Regular Meeting - 8/12/2020 Page 19 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 AUTO ONE INC Bond Principal 7,564 - - TOTAL - 7,564 - - EIG GRAND ISLAND Bond Principal 40,031 - - TOTAL - 40,031 - - TOKEN PROPERTIES CARY STREET Bond Principal 4,889 - - TOTAL - 4,889 - - WENN HOUSING PROJECT Bond Principal 2,567 - - TOTAL - 2,567 - - COPPER CREEK 2014 HOUSES Bond Principal 141,448 - - TOTAL - 141,448 - - TC ENCK BUILDERS Bond Principal 1,901 - - TOTAL - 1,901 - - SUPER MARKET DEVELOPERS Bond Principal 127,730 - - TOTAL - 127,730 - - MAINSTAY SUITES Bond Principal 35,067 - - TOTAL - 35,067 - - TOWER 217 Bond Principal 1,263 - - TOTAL - 1,263 - - COPPER CREEK 2015 HOUSES Bond Principal 114,554 - - TOTAL - 114,554 - NORTHWEST COMMONS Bond Principal 194,077 - - TOTAL - 194,077 - HABITAT - 8TH & SUPERIOR Bond Principal 6,083 - - TOTAL - 6,083 - KAUFMAN BUILDING Bond Principal 6,834 - - TOTAL - 6,834 - Grand Island Regular Meeting - 8/12/2020 Page 20 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 TALON APARTMENTS Bond Principal 76,037 - - TOTAL - 76,037 - VICTORY PLACE Bond Principal 5,047 - - TOTAL - 5,047 - FUTURE TIF'S Bond Principal - 2,500,000 2,500,000 TOTAL - - 2,500,000 2,500,000 THINK SMART Bond Principal 6,854 - - TOTAL - 6,854 - BOSSELMAN HQ Bond Principal 95,624 - - TOTAL - 95,624 - TALON APARTMENTS 2017 Bond Principal 80,100 - - TOTAL - 80,100 - WEINRICH DEVELOPMENT Bond Principal 2,730 - - TOTAL - 2,730 - WING WILLIAMSONS Bond Principal 1,515 - - TOTAL - 1,515 - HATCHERY HOLDINGS Bond Principal 8,117 - - TOTAL - 8,117 - FEDERATION LABOR TEMPLE Bond Principal 345 - - TOTAL - 345 - MIDDLETON PROPERTIES II Bond Principal 8,044 - - TOTAL - 8,044 - COPPER CREEK 2016 HOUSES Bond Principal 66,644 - - TOTAL - 66,644 - EAST PARK ON STUHR Bond Principal 59,513 - - TOTAL - 59,513 - TAKE FLIGHT INVESTMENTS Bond Principal 279 - - TOTAL - 279 - Grand Island Regular Meeting - 8/12/2020 Page 21 / 87 MONTH ENDED 2019-2020 2020 REMAINING % OF BUDGET July-20 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JULY 2020 PRATARIA VENTURES HOSPITAL Bond Principal 189,704 - - TOTAL - 189,704 - AMMUNITION PLANT Bond Principal 105 - - TOTAL - 105 - URBAN ISLAND LLC Bond Principal 1,982 - - TOTAL - 1,982 - PEACEFUL ROOT Bond Principal 245 - - TOTAL - 245 - TOTAL EXPENSES 98,836 2,571,122 4,258,479 3,318,471 60.38% Grand Island Regular Meeting - 8/12/2020 Page 22 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item D1 Aug 2020 Bills Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 23 / 87 Grand Island Regular Meeting - 8/12/2020 Page 24 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item E1 Committed Projects Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 25 / 87 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 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 $ 223,660.00 $ 223,660.00 $ - $ - 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 ($638,660.00)$0.00 Balance remaining $ (415,000.00) $ 116,340.00 BUDGET PAID LEFT Building Improvements * $ 715,000.00 $ 450,000.00 $ 265,000.00 *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 July 31, 2020 Grand Island Regular Meeting - 8/12/2020 Page 26 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item I1 Redevelopment Plan Amendment for CRA Area #25 - J & L Westward Enterprises - Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 27 / 87 J & L Westward Enterprises LLC Are 25 CAAP COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 341 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 J & L Westward Enterprises LLC (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 - 8/12/2020 Page 28 / 87 J & L Westward Enterprises LLC Are 25 CAAP 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 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 private streets 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 $359,625, 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 12th day of August, 2020. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND NEBRASKA ATTEST: By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 8/12/2020 Page 29 / 87 J & L Westward Enterprises LLC Are 25 CAAP EXHIBIT A LEGAL DESCRIPTION OF REDEVELOPMENT PROJECT AREA LEGAL DESCRIPTION A tract of land being a part of the Southeast Quarter of the Southeast Quarter (SE 1/4 SE 1/4), Section Seventeen (17), Township Eleven (11) North, Range Ten (10) West of the 6th P.M. , Hall County, Nebraska, and more particularly described as follows: Beginning at a Survey Marker Spike and L.S. Washer at the Southeast Corner of the Southeast Quarter of Section 17 and assuming the South line of said Southeast Quarter bearing S 89° 32' 20" W and all bearings contained herein are relative thereto; thence S 89° 32' 20" W on said South line distance of 600.00 feet; thence N 00° 08' 28" E parallel with the East line of said Southeast Quarter a distance of 735.00 feet to a 5/8” rebar w/cap; thence N 89° 32' 20" E parallel with said South line of the Southeast Quarter a distance of 600.00 feet to the East line of said Southeast Quarter; thence S 00° 06' 28" W on said East line a distance of 735.00 feet to the Point of Beginning. Grand Island Regular Meeting - 8/12/2020 Page 30 / 87 J & L Westward Enterprises LLC Are 25 CAAP * * * * * EXHIBIT B FORM OF REDEVELOPMENT PLAN Grand Island Regular Meeting - 8/12/2020 Page 31 / 87 Site Specific Redevelopment Plan Grand Island CRA Area 25 (CAAP) July 2020 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to approve a Redevelopment Plan for a specific project for Area 25 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 25. Executive Summary: Project Description THE REDEVELOPMENT OF THE PROPERTY (10 ACRES LOCATED IN PART OF THE SOUTHEAST QUARTER (SE1/4) OF SECTION (17) SEVENTEEN, TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA) 6060 W. OLD POTASH HIGHWAY (NORTHWEST CORNER OF 60TH ROAD AND OLD POTASH HIGHWAY) FOR INDUSTRIAL USES, INCLUDING CONSTRUCTION OF A 25,000 SQUARE FOOT BUILDING FOR EXPANSION OF THE J&L WESTWARD ENTERPRISES, LLC SICKLE SHARPENING BUSINESS The use of Tax Increment Financing to aid in development expenses associated with redevelopment of the property located at 6060 W. Old Potash Highway. The proposed plans would include the development of a 25,000 square foot building and associated private streets and parking to accommodate the business. 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 for 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. J & L Westward, LLC owns approximately 10 acres in the Southern Public Power Industrial Park. Development of the property and expansion of the business is contingent on Tax Increment Financing. J & L Westward, LLC has been located in Grand Island since 1991 and has 30 full time employees. This is an opportunity for them to expand both their business and their employee base, further supporting the local agricultural community. The $108,000 purchase price of this 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, 2022 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: Grand Island Regular Meeting - 8/12/2020 Page 32 / 87 Property Description (the “Redevelopment Project Area”) LEGAL DESCRIPTION A tract of land being a part of the Southeast Quarter of the Southeast Quarter (SE 1/4 SE 1/4), Section Seventeen (17), Township Eleven (11) North, Range Ten (10) West of the 6th P.M. , Hall County, Nebraska, and more particularly described as follows: Beginning at a Survey Marker Spike and L.S. Washer at the Southeast Corner of the Southeast Quarter of Section 17 and assuming the South line of said Southeast Quarter bearing S 89° 32' 20" W and all bearings contained herein are relative thereto; thence S 89° 32' 20" W on said South line distance of 600.00 feet; thence N 00° 08' 28" E parallel with the East line of said Southeast Quarter a distance of 735.00 feet to a 5/8” rebar w/cap; thence N 89° 32' 20" E parallel with said South line of the Southeast Quarter a distance of 600.00 feet to the East line of said Southeast Quarter; thence S 00° 06' 28" W on said East line a distance of 735.00 feet to the Point of Beginning. Grand Island Regular Meeting - 8/12/2020 Page 33 / 87 Location Map Grand Island Regular Meeting - 8/12/2020 Page 34 / 87 The tax increment will be captured for the tax years the payments for which become delinquent in years 2023 through 2037 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 building to house the J & L Westward business. This use is permitted at this location. 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 July 25, 2017.[§18-2109] Such Grand Island Regular Meeting - 8/12/2020 Page 35 / 87 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 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 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 held a public hearing at their meeting on August 5, 2020 and passed Resolution 2020-08 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 Property acquisition is an 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 - 8/12/2020 Page 36 / 87 Grand Island Regular Meeting - 8/12/2020 Page 37 / 87 Site Layout Grand Island Regular Meeting - 8/12/2020 Page 38 / 87 Proposed Building Grand Island Regular Meeting - 8/12/2020 Page 39 / 87 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 a 25,000 square foot manufacturing facility. The proposed development is within the site coverage and intensity of use limits of the district. This is a permitted use at this location. [§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 owns this property and acquisition is not part of the request for tax increment financing. The estimated costs of redevelopment of this property is $2,042,483 Acquisition of the property was $108,000 along with site prep cost of $52,700. A total of $111,373 will be spent on improvements to street maintained publicly and privately. Planning related expenses for Architectural and Engineering services of $79,375 and are included as a TIF eligible expense. Legal, Fees including a reimbursement to the City and the CRA of $12,100 are included as TIF eligible expense. Grand Island Regular Meeting - 8/12/2020 Page 40 / 87 The total of the TIF eligible expenses is $363,548. The CRA will issue a zero percent interest bond in the amount of $359,625 the total TIF requested and expected over the 15 year period. It is anticipated that this will generate $252,647 of capital at the beginning of this project if the borrower can finance the debt at 5% interest over 15 years. 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 $359,625 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, 2022 through December 2037. 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 - 8/12/2020 Page 41 / 87 8. Time Frame for Development Development of this project is anticipated to be completed between September 2020 and December of 2021. Excess valuation should be available for this project for 15 years beginning with the 2022 tax year. 9. Justification of Project The property at the Cornhusker Army Ammunition Plant has been touted as one of the premiere industrial sites in the State of Nebraska for more than 20 years. This property has developed slowly because of lack of municipal infrastructure and lack of activity at the site. This new manufacturing facility and the associated new building(s) may be the seeds that will create additional growth in this area. The Nebraska Legislature and Governor in approving the use of TIF within former military sites within the state recognized the challenges with redeveloping this large, mostly abandoned sites. It is also anticipated that this project will create 6 full and 3 part time jobs with aggregate wages of $267,000 and benefits. 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 $359,625 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 $2,586,781 in private sector financing; a private investment of $7.19 for every TIF dollar invested. Description TIF Funds Private Funds Total Site Acquisition $108,000 $108,000 Legal and Plan*12100 $12,100 Engineering/Arch 79375 $79,375 Public and Private Streets 107450 $3,923 $111,373 Site Prep/Grading 52700 New Construction $1,682,858 $1,682,858 Equipment $900,000 $900,000 TOTALS $359,625 $2,586,781 $2,946,406 Use of Funds. Grand Island Regular Meeting - 8/12/2020 Page 42 / 87 Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2019, valuation of $94,373. Based on the 2019 levy this would result in a real property tax of approximately $1,234. It is anticipated that the assessed value will increase by $1,634,594 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of approximately $23,600 annually. The tax increment gained from this Redevelopment Project Area would not be available for use as 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 2019 assessed value: $ 94,373 Estimated value after completion $ 1,728,967 Increment value $ 1,634,594 Annual TIF generated (estimated) $ 23,600 TIF bond issue $ 359,625 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $94,373. The proposed redevelopment will create additional valuation of $1,634,594. 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. Grand Island Regular Meeting - 8/12/2020 Page 43 / 87 (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 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 2020 and December 31 of 2021. The base tax year should be calculated on the value of the property as of January 1, 2021. Excess valuation should be available for this project for 15 years beginning in 2022 with taxes due in 2023. 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 $359,625 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 $363,548 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 - 8/12/2020 Page 44 / 87 Grand Island Regular Meeting - 8/12/2020 Page 45 / 87 Grand Island Regular Meeting - 8/12/2020 Page 46 / 87 Grand Island Regular Meeting - 8/12/2020 Page 47 / 87 Grand Island Regular Meeting - 8/12/2020 Page 48 / 87 Grand Island Regular Meeting - 8/12/2020 Page 49 / 87 Grand Island Regular Meeting - 8/12/2020 Page 50 / 87 Grand Island Regular Meeting - 8/12/2020 Page 51 / 87 Grand Island Regular Meeting - 8/12/2020 Page 52 / 87 Grand Island Regular Meeting - 8/12/2020 Page 53 / 87 Grand Island Regular Meeting - 8/12/2020 Page 54 / 87 Grand Island Regular Meeting - 8/12/2020 Page 55 / 87 Grand Island Regular Meeting - 8/12/2020 Page 56 / 87 Grand Island Regular Meeting - 8/12/2020 Page 57 / 87 Grand Island Regular Meeting - 8/12/2020 Page 58 / 87 Grand Island Regular Meeting - 8/12/2020 Page 59 / 87 Grand Island Regular Meeting - 8/12/2020 Page 60 / 87 Grand Island Regular Meeting - 8/12/2020 Page 61 / 87 Grand Island Regular Meeting - 8/12/2020 Page 62 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item I2 Contract Amendment 1 for Tabitha (Pataria Phase 3) Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 63 / 87 AMENDMENT NO. 1 REDEVELOPMENT CONTRACT (Tabitha Grand Island Redevelopment Project) THIS AMENDMENT NO. REDEVELOPMENT CONTRACT (Tabitha Grand Island Redevelopment Project) (“Redevelopment Contract Amendment” or “Amendment”) is entered into this 12th day of August, 2020 (“Date of this Agreement”), by and between Community Redevelopment Authority of the City of Grand Island, Nebraska ("Authority"), and Tabitha Grand Island, Inc., a Nebraska nonprofit corporation ("Redeveloper"). RECITALS A.The Redevelopment Contract (“Original Redevelopment Contract”) was entered into as of March 18, 2020, by and between the Authority and Redeveloper. The Original Redevelopment Contract is incorporated herein by this reference. B.This Amendment now amends the Original Redevelopment Contract. The Original Redevelopment Contract and the Amendment are collectively referred to as the “Redevelopment Contract”. NOW THEREFORE, and in consideration of the recitals set forth above and the mutual representations, warranties, and covenants set forth below, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 1.Effect on Agreement. The Original Redevelopment Contract, and all terms and conditions in the Original Redevelopment Contract, are expressly incorporated into this Amendment. Except as otherwise provided herein, all capitalized terms in this Amendment shall have the same meaning as provided in the Original Contract, except as may be modified herein. This Amendment shall amend, modify, add, and remove certain provisions, obligations and responsibilities under the Original Redevelopment Contract. Should there be any inconsistences between this Amendment and the Original Redevelopment Agreement, this Amendment shall be controlling. 2.Section 2.02 (f) (2). Section 2.02 (f) (2) is deleted and restated as follows: (f) The Redeveloper hereby certifies: Grand Island Regular Meeting - 8/12/2020 Page 64 / 87 (1) The Redeveloper has not filed and does not intend to file an application with the Department of Revenue to receive tax incentives under the Nebraska Advantage Act for a project located or to be located within the Redevelopment Project area; (2) The Redeveloper, as a Nebraska nonprofit corporation, intends to apply for any lawful state and city local option sales tax exemptions on the construction and implementation of its Redevelopment Project no application for incentives of any kind will include a refund of the city’s local option sales tax revenue; and (3) No Redeveloper application has been approved under the Nebraska Advantage Act. 3.Second Paragraph of Section 3.02, Issuance of Indebtedness. The Second Paragraph of Section 3.02, Issuance of Indebtedness, is amended and restated as follows: Prior to July 1, 20210, the Authority shall issue one Tax Increment Development Revenue Note, in one taxable series, in a maximum principal amount of $5,127,334, in substantially the form shown on the attached Exhibit C (“TIF Note”), for net funds available to be purchased by Redeveloper (“TIF Note Purchaser”), in a written form acceptable to Authority’s attorney, and receive Note proceeds from the TIF Note Purchaser in said amount. At the option of the Authority, the Authority shall make a grant to Redeveloper in such amount, and such grant shall offset TIF Note Purchaser’s obligation to purchase the TIF Note. Subject to the terms of this Agreement and the Resolution, the Authority’s Treasurer on behalf of the Authority shall have the authority to determine the timing of issuing the Indebtedness and all the other necessary details of the Indebtedness. 4.Section 4.01 (d) Construction of Project. Section 4.01 (d), Construction of Project, is deleted and restated as follows: (d) Redeveloper agrees to use commercially reasonable efforts to complete construction of the public improvements and the private improvements on or before December 31, 2022June 30, 2023. Redeveloper further agrees to pay, or cause to be paid, in a timely manner all persons, firms, or organizations that performed labor or furnished materials, equipment or supplies used in the prosecution of the public and private improvements. Such payment shall be made promptly after completion of the private improvements and in accordance with all the provisions of this Agreement relating to the obligations of Redeveloper to construct said improvements. The Redeveloper shall provide and pay for the public Grand Island Regular Meeting - 8/12/2020 Page 65 / 87 improvements. 5.Section 4.01 (e) Construction of Project. Section 4.01 (e), Construction of Project, is deleted and restated as follows: (e) Pay a minimum annual assessment to the Authority, without demand, in an amount equal to the sum of $348,350 less the annual TIF Revenue for each tax year beginning in 20212022 through and including 20362037. Said amount is designated as the “Shortfall”. One-half of the shortfall shall be paid prior to May 1 and one-half prior to September 1 in the year following the receipt of the real property tax statement for the Redevelopment Project Area. 6.Section 6.02 (a) Additional Remedies of Authority. Section 6.02 (a), Additional Remedies, is deleted and restated as follows: (a) the Redeveloper, or its successor in interest, shall fail to commence the construction of the improvements included in the Project Costs on or before December 31, 2020June 30, 2021, or shall abandon construction work related to the Project Costs, once commenced, for any period of 180 days, excepting delays caused by forced delay as described in Section 6.04, 7.Counterparts. This Amendment may be executed in one or more counterparts which, when assembled, shall constitute an executed original hereof. [SIGNATURE PAGES TO FOLLOW] Grand Island Regular Meeting - 8/12/2020 Page 66 / 87 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF ATTEST: GRAND ISLAND, NEBRASKA ____________________________ By:________________________ Secretary Chairman STATE OF NEBRASKA ) ) SS COUNTY OF HALL ) The foregoing instrument was acknowledged before me this ______ day of 2020, by ________________ and ________________, Chairman and Secretary, respectively, of the Community Redevelopment Authority of the City of Grand Island, Nebraska, on behalf of the Authority. ____________________________ Notary Public Grand Island Regular Meeting - 8/12/2020 Page 67 / 87 Tabitha Grand Island, Inc., a Nebraska nonprofit corporation By:______________________ President STATE OF NEBRASKA ) ) SS COUNTY OF ____________ ) The foregoing instrument was acknowledged before me this ______ day of _____, 2020, by __________________________, President of Tabitha Grand Island, Inc., a Nebraska nonprofit corporation, on behalf of the nonprofit corporation. ________________________ Notary Public Grand Island Regular Meeting - 8/12/2020 Page 68 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item K1 Approval of 2020-21 Budget and Levy Request Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 69 / 87 August 5, 2020 From: Chad Nabity, AICP Director To: CRA Board Re: 2020-2021 Budget Discussion Points Given the nature of the last several months and the potential issues that the City will have with budgeting it would be my recommendation that the CRA keep the tax asking for the 2020-21 budget level with the request from last year. This should result in a slightly lower levy amount while still providing adequate financing for the CRA and redevelopment activities. Based on the projected tax revenue and other revenue sources and our projected payments for other grants and façade that have been approved/discussed this year I am anticipating that our starting cash for the year will be about $617,000. Our committed projects would be limited to the 3 life safety projects for $415,000 and payments for the Veteran’s Home of $255,000 or $670,000. I am anticipating that all of our 2020 façade projects will be paid before the end of September ($223,660) along with $170,000 of the money budgeted in other projects ($50,000 for the Vets Home Contract and $111,371.08 to purchase the first TIF bonds on the Starostka Fifth Street Project shifting the $3,660 of overspending on façade to other projects and potentially the request from the Senior Center that is on the agenda today for $3,742.50). Based on the projections our committed funds for next year is $670,000 and we end the year with $701,499 we will carry over around $30,000. No money from next year’s budget will be needed to meet the commitments from this and previous years. Our projected unrestricted income available to the CRA from taxes and other sources will be $560,000 not counting any land sales. Estimated operating costs for the CRA are $109,000 so the CRA would have about $560,000 that can be budgeted for façade and other grants. I would suggest that we put $200,000 each into façade and $200,000 into other grants. I would am recommending that we budget $60,000 for land purchases based on these revised numbers. Given the lack of interest in the Desert Rose Property I would recommend that we do not budget any land sales this year. If we do sell the property we can budget those funds into the 2021-22 budget. TIF payments will take a big jump this year as the Hospital will be fully online to receive their full amount of TIF and the current value of the Hospital exceeds the projected value by about $16,000,000. Grand Island Regular Meeting - 8/12/2020 Page 70 / 87 The above recommendations allow for the levy to cover the Lincoln Pool bonds and for transfers in and out for TIF payments and Husker Harvest Days. All of those revenues and payments are shown in the attached budget. Grand Island Regular Meeting - 8/12/2020 Page 71 / 87 2020 2019-2020 2021 BUDGET YE Projected BUDGET CONSOLIDATED Beginning Cash 622,763 622,763 701,499 REVENUE: Property Taxes - CRA 529,646 529,646 528,070 Property Taxes - Lincoln Pool 194,229 194,229 195,805 Property Taxes -TIF's 2,500,000 2,500,000 4,858,000 Loan Income (Poplar Street Water Line)13,000 13,000 20,000 Interest Income - CRA 10,000 10,000 10,000 Land Sales 200,000 39,000 Other Revenue - CRA 300,000 610,000 200,000 Other Revenue - TIF's TOTAL REVENUE 3,746,875 3,895,875 5,811,875 TOTAL RESOURCES 4,369,638 4,518,638 6,513,374 EXPENSES Auditing & Accounting 3,000 3,000 3,000 Legal Services 3,000 500 3,000 Consulting Services 5,000 - 5,000 Contract Services 75,000 65,000 75,000 Printing & Binding 1,000 - 1,000 Other Professional Services 16,000 200 16,000 General Liability Insurance 250 - 250 Postage 200 100 200 Legal Notices 500 250 500 Travel & Training 4,000 - 4,000 Other Expenditures - - - Office Supplies 1,000 1,000 Supplies 300 200 300 Land 100,000 10,000 60,000 Bond Principal - Lincoln Pool 180,000 180,000 185,000 Bond Interest- Lincoln Pool 14,229 14,229 10,805 Husker Harvest Days Payment (Year 2 of 10 Nov 2020)200,000 200,000 200,000 Façade Improvement 220,000 223,660 200,000 Building Improvement 715,000 450,000 670,000 Other Projects 220,000 170,000 200,000 TIF Payments 2,500,000 2,500,000 4,857,800 TOTAL EXPENSES 4,258,479 3,817,139 6,492,855 INCREASE(DECREASE) IN CASH (511,604) 78,736 (680,980) ENDING CASH 111,159 701,499 20,519 COMMUNITY REDEVELOPMENT AUTHORITY 2021 BUDGET Grand Island Regular Meeting - 8/12/2020 Page 72 / 87 Grand Island Regular Meeting - 8/12/2020 Page 73 / 87 Grand Island Regular Meeting - 8/12/2020 Page 74 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item X1 Approval of Grant for Willow Street Sewer Project Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 75 / 87 i August 5, 2020 From: Chad Nabity, AICP Director To: CRA Board Re: Willow Street Sewer and Starostka Fifth Street Project In July of 2019 the CRA approved a contract with the Starostka Contracting for Tax Increment Financing for their project to build 20 houses between Congdon and Willow along an extended Fifth Street in northeast Grand Island. During this same time frame the Grand Island Public Works Department and the Community Development Division for the City of Grand Island were working to extend sewer to serve this property and the surrounding neighborhood. Most of these properties have been part of the City of Grand Island since the 1880’s and this area was not served with City sewer. A copy of the layout of the sewer is attached. As part of the TIF project the CRA budgeted funds in the Other Projects category to purchase the first series of the TIF Bond for the Fifth Street project in the final amount of the assessments on 17 of the 20 lots to be developed. The sewer project is complete and assessments have been made. Council is expected to make a final decision on the assessments at their meeting on August 11, 2020. Based on the assessments of $6,551.24 per lot on lots 1-17 of the Fifth Street Subdivision, the CRA commitment for this project is $111,371.08 slightly less than the anticipated $120,000. The funds will be paid back to the CRA with the TIF revenues generated by the houses built on the property. Based on the contract the CRA Bond will be fully repaid before payments are made on the second bond. This request is for formal approval of the final amount of bonds to be purchased to aid in this project. Copies of the memo and resolution for Council have been included for your information. . Grand Island Regular Meeting - 8/12/2020 Page 76 / 87 Grand IslandRegular Meeting - 8/12/2020Page 77 / 87 Council Agenda Memo From:Keith Kurz PE, Assistant Public Works Director Meeting:August 11, 2020 Subject:Consideration of Determining Benefits for Sanitary Sewer District No. 543; Willow Street Presenter(s):John Collins PE, Public Works Director Background The Certificate of Final Completion for Sanitary Sewer District No. 543; Willow Street was approved by City Council on July 14, 2020, via Resolution No. 2020-158; with August 11, 2020 set as the date for Council to sit as the Board of Equalization. Starostka Group Unlimited, Inc. of Grand Island, Nebraska was hired to perform such work in the amount of $402,798.85. Work was completed at a price of $365,223.08; with additional costs of $57,172.63, all detailed below. Original Bid $ 402,798.85 Overruns $ (37,575.77) Sub Total (Construction Price) =$ 365,223.08 Additional Costs: The Grand Island Independent – Advertising $ 266.42 Hall County Register of Deeds – Filing Fees $ 62.00 Grand Island Utilities- Pole Relocation & Hold $ 4,743.07 GSI Engineering, LLC-Soil Boring $ 3,130.00 JEO Consulting Group, Inc.-Locate Property Pins $ 3,325.00 Grand Island Public Works Engineering $ 45,646.14 Sub Total of Additional Costs =$ 57,172.63 TOTAL COST =$ 422,395.71 Total project cost is $422,395.71, with an assessable amount of $242,395.71. The remaining $180,000.00 was covered by the Community Development Block Grant (CDBG) funds. All work has been completed and special assessments have been calculated for the improvements. Grand Island Regular Meeting - 8/12/2020 Page 78 / 87 Discussion The costs for this project will be assessed to the benefitting properties. The payments are spread over ten (10) years at 7% simple interest. The first payment of principle only at 1/10th of the assessment is due 25 days after filing of the ordinance that levies the costs as approved at the Board of Equalization. The City has had multiple correspondences with the property owners and sent a reminder letter advising them that the BOE is scheduled for August 11, 2020 and the first payment will be due shortly after. Alternatives It appears that the Council has the following alternatives concerning the issue at hand. The Council may: 1.Move to approve 2.Refer the issue to a Committee 3.Postpone the issue to future date 4.Take no action on the issue Recommendation City Administration recommends that the Council meet as the Board of Equalization to determine benefits and pass an ordinance to levy Special Assessments to the individual properties. Sample Motion (Sample Motion for the Board of Equalization) Move to approve the resolution establishing benefits for Sanitary Sewer District No. 543; Willow Street. (Sample Motion for the Resolution) Move to approve the ordinance levying the assessments for Sanitary Sewer District No. 543; Willow Street. Grand Island Regular Meeting - 8/12/2020 Page 79 / 87 Approved as to Form ¤ ___________ August 5, 2020 ¤ City Attorney R E S O L U T I O N 2020 BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, sitting as a Board of Equalization for Sanitary Sewer District No. 543; Willow Street, after due notice having been given thereof, that we find and adjudge: That total project cost is $422,395.71, with benefits accruing to the real estate in such district to be the total sum of $242,395.71; and Such benefits are based on Sanitary Sewer District No. 543; Willow Street at the adjacent property and are equal and uniform; and According to the area of the respective lots, tracts, and real estate within such Sanitary Sewer District No. 543; Willow Street, such benefits are the sums set opposite the description as follows: Parcel No. Property Owner LEGAL Assessment 400398214 ARMANDO'S CONSTRUCTION INC LAMBERT'S FOURTH SUB LT 2 $ 6,551.23 400059711 IRENE E AVERY LIFE ESTATE LAMBERT'S SUB LT 4 $ 6,551.23 400059843 BLENDER LLC LAMBERT'S FOURTH SUB LT 1 $ 6,551.23 400059738 ALICIA CANFIELD LAMBERT'S SUB N 422' LT 5 $ 6,551.23 400205890 EDWIN C CHAMBERLIN MISCELLANEOUS TRACTS 10-11-9 PT E 1/2 SW 1/4 NE 1/4 .39 AC $ 6,551.23 400059789 MICHAEL & MARILYN J GALVAN LAMBERT'S SUB LT 9 $ 6,551.23 400145642 EDY O HERNANDEZ ORTIZ SANCHEZ SUBDIVISION LOT 2 $ 6,551.23 400059800 L & P INVESTMENTS LLC FIFTH STREET SUB LT 1 $ 6,551.24 400523080 L & P INVESTMENTS LLC FIFTH STREET SUB LT 2 $ 6,551.24 400523085 L & P INVESTMENTS LLC FIFTH STREET SUB LT 3 $ 6,551.24 400523090 L & P INVESTMENTS LLC FIFTH STREET SUB LT 4 $ 6,551.24 400523095 L & P INVESTMENTS LLC FIFTH STREET SUB LT 5 $ 6,551.24 400523100 L & P INVESTMENTS LLC FIFTH STREET SUB LT 6 $ 6,551.24 400523105 L & P INVESTMENTS LLC FIFTH STREET SUB LT 7 $ 6,551.24 400523110 L & P INVESTMENTS LLC FIFTH STREET SUB LT 8 $ 6,551.24 400523115 L & P INVESTMENTS LLC FIFTH STREET SUB LT 9 $ 6,551.24 400523120 L & P INVESTMENTS LLC FIFTH STREET SUB LT 10 $ 6,551.24 400523125 L & P INVESTMENTS LLC FIFTH STREET SUB LT 11 $ 6,551.24 400059819 L & P INVESTMENTS LLC FIFTH STREET SUB LT 12 $ 6,551.24 400059827 L & P INVESTMENTS LLC FIFTH STREET SUB LT 20 $ 6,551.24 400059835 L & P INVESTMENTS LLC FIFTH STREET SUB LT 19 $ 6,551.24 400523160 L & P INVESTMENTS LLC FIFTH STREET SUB LT 18 $ 6,551.24 400523155 L & P INVESTMENTS LLC FIFTH STREET SUB LT 17 $ 6,551.24 400523150 L & P INVESTMENTS LLC FIFTH STREET SUB LT 16 $ 6,551.24 400523145 L & P INVESTMENTS LLC FIFTH STREET SUB LT 15 $ 6,551.24 400523140 L & P INVESTMENTS LLC FIFTH STREET SUB LT 14 $ 6,551.24 Grand Island Regular Meeting - 8/12/2020 Page 80 / 87 - 2 - 400523135 L & P INVESTMENTS LLC FIFTH STREET SUB LT 13 $ 6,551.24 400205858 MIGUEL A & MARIA I MENDOZA MISCELLANEOUS TRACTS 10-11-9 PT E 1/2 SW 1/4 NE 1/4 .39 AC $ 6,551.23 400059762 JENNIFER M JIMENEZ LAMBERT'S THIRD SUB LT 2 $ 6,551.23 400059703 MICHAEL C & NORMA I WAGNER LAMBERT'S SIXTH SUB LOT 1 $ 6,551.23 400205831 IRMA K FREGOSO OCHOA SANCHEZ SUBDIVISION LOT 1 $ 6,551.23 400038994 PATRICK RENTALS LLC COTTAGE GROVE ADD PT 118 THRU 127 & PT VAC ST $ 6,551.23 400145723 PATRICK RENTALS LLC MISCELLANEOUS TRACTS 10-11-9 PT NE 1/4 SE 1/4 1.47 AC $ 6,551.23 400059746 WAYNE W & IRENE C RADCLIFF LAMBERT'S SUB S 141' LT 5 $ 6,551.23 400205866 ANGEL CORDOVA SOTELO MISCELLANEOUS TRACTS 10-11-9 PT E 1/2 SW 1/4 NE 1/4 1.38 AC $ 6,551.23 400059673 MICHAEL CARL & NORMA WAGNER LAMBERT'S SIXTH SUB LT 3 $ 6,551.23 400059681 MICHAEL CARL WAGNER LAMBERT'S SIXTH SUB LT 2 $ 6,551.23 TOTAL: $242,395.71 - - - Adopted by the City Council of the City of Grand Island, Nebraska, August 11, 2020. _______________________________________ Roger G. Steele, Mayor Attest: _______________________________________ RaNae Edwards, City Clerk Grand Island Regular Meeting - 8/12/2020 Page 81 / 87 Community Redevelopment Authority (CRA) Wednesday, August 12, 2020 Regular Meeting Item X2 Consideration of Grant to Senior Citizen Industries Inc. for funds to refurbish and renew landscaping at their building. Staff Contact: Grand Island Regular Meeting - 8/12/2020 Page 82 / 87 Grand Island Regular Meeting - 8/12/2020 Page 83 / 87 Grand Island Regular Meeting - 8/12/2020 Page 84 / 87 Grand Island Regular Meeting - 8/12/2020 Page 85 / 87 Grand Island Regular Meeting - 8/12/2020 Page 86 / 87 Grand Island Regular Meeting - 8/12/2020 Page 87 / 87