08-11-2021 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
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 - 8/11/2021 Page 1 / 76
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 - 8/11/2021 Page 2 / 76
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
Regular Meeting
Item A1
Agenda
Staff Contact:
Grand Island Regular Meeting - 8/11/2021 Page 3 / 76
Grand Island Regular Meeting - 8/11/2021 Page 4 / 76
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
Regular Meeting
Item B1
Meeting Minutes
Staff Contact:
Grand Island Regular Meeting - 8/11/2021 Page 5 / 76
OFFICIAL PROCEEDINGS
MINUTES OF
COMMUNITY REDEVELOPMENT AUTHORITY
MEETING OF
July 14, 2021
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 14, 2021 at City Hall, 100 E. First
Street. Notice of the meeting was given in the July 7, 2021 Grand Island Independent.
1.CALL TO ORDER.
Chairman Gdowski called the meeting to order at 4:00 p.m. The following members were
present: Tom Gdowski, Bart Qualsett, Krae Dutoit and Jim Truell. Also present were:
Director Chad Nabity, Planning Administrative Assistant Norma Hernandez, Finance
Director Patrick Brown, Finance Accountant Molly McMullen and Councilman Vaugh
Minton.
2.APPROVAL OF MINUTES.
A motion for approval of the Minutes for the June 9, 2021 was made by Dutoit and
seconded by Truell. Upon roll call vote, all present voted aye. Motion carried 4-0
3.APPROVAL OF FINANCIAL REPORTS.
Patrick Brown reviewed the financial reports. A motion was made by Dutoit and second
by Qualsett to approve the financials from June 1– June 30, 2021. Upon roll call vote, all
present voted aye. Motion carried 4-0.
4.APPROVAL OF BILLS.
Approval of bills was moved to the end of the meeting and occurred after approval of the
Award of the Grant for the Veteran’s Cemetery and the amendment to the contract with
H.E.L.P. Foundation. A motion was made by Dutoit and second by Truell to approve the
bills for $460,172.85. 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.
1868 Foundation – Request for proposals for on the State Fair masterplan went out June
1stand expecting to have them back by July 1st with a decision on a firm by August 1st.
Carnegie Library- May not be completed by the end of the fiscal year.
GI Veterans Home – Other grants for H.E.L.P foundation and White Lotus – approval to
amend the reimbursement section of the contract for the Veteran’s Home Project on the
agenda.
South East Commons – will be complete by September meeting.
Grand Island Regular Meeting - 8/11/2021 Page 6 / 76
Façade Projects –
South East Commons – is coming along
Rise Properties - is completed and on the schedule of bills.
Carnegie Library
Life Safety Grants –
Hedde Building – waiting on potential funding.
Rawr Holdings – Still moving forward
Azure Investments – Getting started
6.Other Grants
a.Hall County Hero Flight Association, request for $50,000 from other
projects to support the development of a state Veteran’s Cemetery at
Capital Avenue and Webb Road.
Hall County Veteran’s Service Officer Don Shuda went over the plans for the
state veteran’s cemetery project.
A motion was made by Dutoit and second by Qualsett to approve the request for
$50,000 from other projects to support the development of the state Veteran’s
Cemetery. Upon roll call vote all, voted aye. Motion carried 4-0
7.Other Grants Request
a.Jay Vavricek with 40 North Tap and Grille is requesting up to $5,000
for building improvements to the 40 North building for installation of
No Touch apparatus on the patio door at 40 North.
Request was pulled from the agenda by Jay Vavricek.
8.Consideration of Approval of Contract Amendment 2 with H.E.L.P Foundation
to amend the reimbursement section of the contract for the Veteran’s Home
Project relative to the release of funds provided by the State of Nebraska.
Nabity stated Mike Bacon prepared the contract at the request of the Finance
department.
A motion was made by Qualsett and second by Truell to approve the Contract
Amendment 2 with H.E.L.P Foundation to amend the reimbursement section of
the contract for the Veteran’s Home Project relative to the release of funds
provided by the State of Nebraska. Upon roll call vote all, voted aye. Motion
carried 4-0
Grand Island Regular Meeting - 8/11/2021 Page 7 / 76
9.Director’s Report
Nabity went over budget spreadsheet.
Adjournment at 4:54 P.M.
Next meeting 4:00 P.M August 11, 2021
Respectfully Submitted,
Norma Hernandez
Administrative Assistant
Grand Island Regular Meeting - 8/11/2021 Page 8 / 76
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
Regular Meeting
Item C1
CRA July 2021 Financials
Staff Contact:
Grand Island Regular Meeting - 8/11/2021 Page 9 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
CONSOLIDATED
Beginning Cash 981,314 677,632
REVENUE:
Property Taxes - CRA 9,382 366,688 504,203 137,515 72.73%
Property Taxes - Lincoln Pool - 120,089 195,805 75,716 61.33%
Property Taxes -TIF's 19,635 2,838,633 4,858,000 2,460,104 58.43%
Loan Income (Poplar Street Water Line) - - 20,000 20,000 0.00%
Interest Income - CRA 443 2,983 10,000 7,017 29.83%
Interest Income - TIF'S - - - -
Land Sales - - - - #DIV/0!
Other Revenue - CRA 1,081 13,681 200,000 186,320 6.84%
Other Revenue - TIF's - - - -
TOTAL REVENUE 30,541 3,342,074 5,788,008 2,886,671 57.74%
TOTAL RESOURCES 1,011,855 3,342,074 6,465,640 2,886,671
EXPENSES
Auditing & Accounting - - 3,000 3,000 0.00%
Legal Services - 16 3,000 2,984 0.54%
Consulting Services - - 5,000 5,000 0.00%
Contract Services 4,550 46,068 75,000 28,932 61.42%
Printing & Binding - - 1,000 1,000 0.00%
Other Professional Services - 10,567 16,000 5,433 66.04%
General Liability Insurance - - 250 250 0.00%
Postage - - 200 200 0.00%
Legal Notices - 79 500 421 15.89%
Travel & Training - - 4,000 4,000 0.00%
Other Expenditures - - - -
Office Supplies - 249 1,000 751 24.89%
Supplies - - 300 300 0.00%
Land - - 30,000 30,000
Bond Principal - Lincoln Pool - 185,000 185,000 - 100.00%
Bond Interest - 10,805 10,805 - 100.00%
Fiscal Agent Fees/Bond Costs - 525 - -
Husker Harvest Days - 200,000 200,000 - 100.00%
Façade Improvement 319,477 319,477 200,000 - 159.74%
Building Improvement - 15,736 670,000 654,264 2.35%
Other Projects 3,000 200,000 197,000 1.50%
Bond Principal-TIF's 136,145 2,814,332 4,857,800 2,043,468 57.93%
Bond Interest-TIF's - - - -
Interest Expense - - - -
TOTAL EXPENSES 460,173 3,605,855 6,462,855 2,977,002 55.79%
INCREASE(DECREASE) IN CASH (429,631) (263,781) (674,847)
ENDING CASH 551,682 (263,781) 2,785 -
CRA CASH 431,416
Lincoln Pool Tax Income Balance 88,654
TIF CASH 31,612
Total Cash 551,682
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
Grand Island Regular Meeting - 8/11/2021 Page 10 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
GENERAL OPERATIONS:
Property Taxes - CRA 9,382 366,688 504,203 137,515 72.73%
Property Taxes - Lincoln Pool 120,089 195,805 75,716 61.33%
Interest Income 443 2,983 10,000 7,017 29.83%
Loan Income (Poplar Street Water Line) - 20,000 20,000 0.00%
Land Sales - - - #DIV/0!
Other Revenue & Motor Vehicle Tax 1,081 13,681 200,000 186,320 6.84%
TOTAL 10,906 503,441 930,008 426,567 54.13%
WALNUT HOUSING PROJECT
Property Taxes - -
Interest Income - -
Other Revenue - - -
TOTAL - - - -
GIRARD VET CLINIC
Property Taxes 11,025 -
TOTAL - 11,025 - -
GEDDES ST APTS-PROCON
Property Taxes 17,622 -
TOTAL - 17,622 - -
SOUTHEAST CROSSING
Property Taxes 10,539 -
TOTAL - 10,539 - -
POPLAR STREET WATER
Property Taxes 43 11,206 -
TOTAL 43 11,206 - -
CASEY'S @ FIVE POINTS
Property Taxes 7,629 -
TOTAL - 7,629 - -
SOUTH POINTE HOTEL PROJECT
Property Taxes 47,537 -
TOTAL - 47,537 - -
TODD ENCK PROJECT
Property Taxes - -
TOTAL - - - -
JOHN SCHULTE CONSTRUCTION
Property Taxes 3,842 -
TOTAL - 3,842 - -
PHARMACY PROPERTIES INC
Property Taxes 6,870 -
TOTAL - 6,870 - -
KEN-RAY LLC
Property Taxes - -
TOTAL - - - -
Grand Island Regular Meeting - 8/11/2021 Page 11 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
TOKEN PROPERTIES RUBY
Property Taxes 1,683 -
TOTAL - 1,683 - -
GORDMAN GRAND ISLAND
Property Taxes 80,907 -
TOTAL - 80,907 - -
BAKER DEVELOPMENT INC
Property Taxes 4,065 -
TOTAL - 4,065 - -
STRATFORD PLAZA INC
Property Taxes 18,350 -
TOTAL - 18,350 - -
COPPER CREEK 2013 HOUSES
Property Taxes 2,419 81,617 -
TOTAL 2,419 81,617 - -
FUTURE TIF'S
Property Taxes - 4,858,000 4,858,000
TOTAL - - 4,858,000 4,858,000
CHIEF INDUSTRIES AURORA COOP
Property Taxes 20,968 (20,968)
TOTAL - 20,968 - (20,968)
TOKEN PROPERTIES KIMBALL ST
Property Taxes 1,592 (1,592)
TOTAL - 1,592 - (1,592)
GI HABITAT OF HUMANITY
Property Taxes 3,118 (3,118)
TOTAL - 3,118 - (3,118)
AUTO ONE INC
Property Taxes 8,162 (8,162)
TOTAL - 8,162 - (8,162)
EIG GRAND ISLAND
Property Taxes 36,653 (36,653)
TOTAL - 36,653 - (36,653)
TOKEN PROPERTIES CARY ST
Property Taxes 4,445 (4,445)
TOTAL - 4,445 - (4,445)
Grand Island Regular Meeting - 8/11/2021 Page 12 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
WENN HOUSING PROJECT
Property Taxes 4,956 (4,956)
TOTAL - 4,956 - (4,956)
COPPER CREEK 2014 HOUSES
Property Taxes 372 273,871 (273,871)
TOTAL 372 273,871 - (273,871)
TC ENCK BUILDERS
Property Taxes 1,959 (1,959)
TOTAL - 1,959 - (1,959)
SUPER MARKET DEVELOPERS
Property Taxes 65,787 (65,787)
TOTAL - 65,787 - (65,787)
MAINSTAY SUITES
Property Taxes 36,775 (36,775)
TOTAL - 36,775 - (36,775)
TOWER 217
Property Taxes 12,678 13,918 (13,918)
TOTAL 12,678 13,918 - (13,918)
COPPER CREEK 2015 HOUSES
Property Taxes 1,771 192,547 - (192,547)
TOTAL 1,771 192,547 - (192,547)
NORTHWEST COMMONS
Property Taxes 212,556 - (212,556)
TOTAL - 212,556 - (212,556)
HABITAT - 8TH & SUPERIOR
Property Taxes 6,301 (6,301)
TOTAL - 6,301 - (6,301)
KAUFMAN BUILDING
Property Taxes 6,720 (6,720)
TOTAL - 6,720 - (6,720)
TALON APARTMENTS
Property Taxes 158 100,313 (100,313)
TOTAL 158 100,313 - (100,313)
VICTORY PLACE
Property Taxes 4,965 (4,965)
TOTAL - 4,965 - (4,965)
THINK SMART
Property Taxes 6,744 (6,744)
TOTAL - 6,744 - (6,744)
Grand Island Regular Meeting - 8/11/2021 Page 13 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
BOSSELMAN HQ
Property Taxes 81,653 (81,653)
TOTAL - 81,653 - (81,653)
TALON APARTMENTS 2017
Property Taxes 112,989 (112,989)
TOTAL - 112,989 - (112,989)
WEINRICH DEVELOPMENT
Property Taxes 3,526 (3,526)
TOTAL - 3,526 - (3,526)
WING WILLIAMSONS
Property Taxes 1,334 2,799 (2,799)
TOTAL 1,334 2,799 - (2,799)
HATCHERY HOLDINGS
Property Taxes 88,798 (88,798)
TOTAL - 88,798 - (88,798)
FEDERATION LABOR TEMPLE
Property Taxes 7,319 (7,319)
TOTAL - 7,319 - (7,319)
MIDDLETON PROPERTIES II
Property Taxes 7,914 (7,914)
TOTAL - 7,914 - (7,914)
COPPER CREEK 2016 HOUSES
Property Taxes 860 126,040 (126,040)
TOTAL 860 126,040 - (126,040)
MENDEZ ENTERPRISES LLC PHASE 1
Property Taxes 306 (306)
TOTAL - 306 - (306)
EAST PARK ON STUHR
Property Taxes 60,510 (60,510)
TOTAL - 60,510 - (60,510)
TAKE FLIGHT INVESTMENTS
Property Taxes 5,957 (5,957)
TOTAL - 5,957 - (5,957)
PRATARIA VENTURES HOSPITAL
Property Taxes 969,258 (969,258)
TOTAL - 969,258 - (969,258)
AMMUNITION PLANT
Property Taxes - -
TOTAL - - - -
URBAN ISLAND LLC
Property Taxes 1,949 (1,949)
TOTAL - 1,949 - (1,949)
Grand Island Regular Meeting - 8/11/2021 Page 14 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
PEACEFUL ROOT
Property Taxes 5,240 (5,240)
TOTAL - 5,240 - (5,240)
TALON 2019 LOOKBACK
Property Taxes 2,942 (2,942)
TOTAL - 2,942 - (2,942)
COPPER CREEK PH2 2019 LOOKBACK
Property Taxes 3,837 (3,837)
TOTAL - 3,837 - (3,837)
GRAND ISLAND HOTEL
Property Taxes 29,647 (29,647)
TOTAL - 29,647 - (29,647)
PARAMOUNT OLD SEARS
Property Taxes 716 (716)
TOTAL - 716 - (716)
CENTRAL NE TRUCK WASH
Property Taxes 21,993 (21,993)
TOTAL - 21,993 - (21,993)
TOTAL REVENUE 30,541 3,342,074 5,788,008 4,406,954 57.74%
- -
Grand Island Regular Meeting - 8/11/2021 Page 15 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
EXPENSES
CRA
GENERAL OPERATIONS:
Auditing & Accounting - 3,000 3,000 0.00%
Legal Services 16 3,000 2,984 0.54%
Consulting Services - 5,000 5,000 0.00%
Contract Services 4,550 46,068 75,000 28,932 61.42%
Printing & Binding - 1,000 1,000 0.00%
Other Professional Services 10,567 16,000 5,433 66.04%
General Liability Insurance - 250 250 0.00%
Postage - 200 200 0.00%
Legal Notices 79 500 421 15.89%
Travel & Training - 4,000 4,000 0.00%
Other Expenditures - - -
Office Supplies 249 1,000 751 24.89%
Supplies - 300 300 0.00%
Land - 30,000 30,000
Bond Principal - Lincoln Pool 185,000 185,000 - 100.00%
Bond Interest - Lincoln Pool 10,805 10,805 - 100.00%
Fiscal Agent Fees/Bond Costs 525 - - #DIV/0!
PROJECTS
Husker Harvest Days 200,000 200,000 - 100.00%
Façade Improvement 319,477 319,477 200,000 - 159.74%
Building Improvement 18,736 670,000 651,264 0.00%
Other Projects - 200,000 200,000 0.00%
TOTAL CRA EXPENSES 324,027 791,523 1,605,055 933,534 49.31%
WALNUT HOUSING PROJECT
Bond Principal - - -
Bond Interest - - -
TOTAL - - - -
GIRARD VET CLINIC
Bond Principal 5,213 11,025 - -
TOTAL 5,213 11,025 - -
GEDDES ST APTS - PROCON
Bond Principal 17,622 - -
TOTAL - 17,622 - -
SOUTHEAST CROSSINGS
Bond Principal 1,667 10,539 - -
TOTAL 1,667 10,539 - -
POPLAR STREET WATER
Bond Principal 558 11,164 - -
TOTAL 558 11,164 - -
CASEY'S @ FIVE POINTS
Bond Principal 7,629 - -
TOTAL - 7,629 - -
Grand Island Regular Meeting - 8/11/2021 Page 16 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
SOUTH POINTE HOTEL PROJECT
Bond Principal 47,537 - -
TOTAL - 47,537 - -
TODD ENCK PROJECT
Bond Principal - - -
TOTAL - - - -
JOHN SCHULTE CONSTRUCTION
Bond Principal 198 - -
TOTAL - 198 - -
PHARMACY PROPERTIES INC
Bond Principal 6,870 - -
TOTAL - 6,870 - -
KEN-RAY LLC
Bond Principal - - -
TOTAL - - - -
TOKEN PROPERTIES RUBY
Bond Principal 1,683 - -
TOTAL - 1,683 - -
GORDMAN GRAND ISLAND
Bond Principal 80,907 - -
TOTAL - 80,907 - -
BAKER DEVELOPMENT INC
Bond Principal 4,065 - -
TOTAL - 4,065 - -
STRATFORD PLAZA LLC
Bond Principal 18,350 - -
TOTAL - 18,350 - -
COPPER CREEK 2013 HOUSES
Bond Principal 17,763 79,198 - -
TOTAL 17,763 79,198 - -
CHIEF INDUSTRIES AURORA COOP
Bond Principal 19,087 20,968 - -
TOTAL 19,087 20,968 - -
TOKEN PROPERTIES KIMBALL STREET
Bond Principal 1,592 - -
TOTAL - 1,592 - -
GI HABITAT FOR HUMANITY
Bond Principal 3,118 - -
TOTAL - 3,118 - -
Grand Island Regular Meeting - 8/11/2021 Page 17 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
AUTO ONE INC
Bond Principal 7,429 8,162 - -
TOTAL 7,429 8,162 - -
EIG GRAND ISLAND
Bond Principal 36,653 - -
TOTAL - 36,653 - -
TOKEN PROPERTIES CARY STREET
Bond Principal 4,445 - -
TOTAL - 4,445 - -
WENN HOUSING PROJECT
Bond Principal 4,956 - -
TOTAL - 4,956 - -
COPPER CREEK 2014 HOUSES
Bond Principal 49,393 273,499 - -
TOTAL 49,393 273,499 - -
TC ENCK BUILDERS
Bond Principal 1,959 - -
TOTAL - 1,959 - -
SUPER MARKET DEVELOPERS
Bond Principal 65,787 - -
TOTAL - 65,787 - -
MAINSTAY SUITES
Bond Principal 36,775 - -
TOTAL - 36,775 - -
TOWER 217
Bond Principal 1,240 - -
TOTAL - 1,240 - -
COPPER CREEK 2015 HOUSES
Bond Principal 24,972 190,776 - -
TOTAL 24,972 190,776 -
NORTHWEST COMMONS
Bond Principal 212,556 - -
TOTAL - 212,556 -
HABITAT - 8TH & SUPERIOR
Bond Principal 6,301 - -
TOTAL - 6,301 -
KAUFMAN BUILDING
Bond Principal 6,720 - -
TOTAL - 6,720 -
Grand Island Regular Meeting - 8/11/2021 Page 18 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
TALON APARTMENTS
Bond Principal 100,154 - -
TOTAL - 100,154 -
VICTORY PLACE
Bond Principal 7,764 - -
TOTAL - 7,764 -
FUTURE TIF'S
Bond Principal - 4,857,800 4,857,800
TOTAL - - 4,857,800 4,857,800
THINK SMART
Bond Principal 6,744 - -
TOTAL - 6,744 -
BOSSELMAN HQ
Bond Principal 81,653 - -
TOTAL - 81,653 -
TALON APARTMENTS 2017
Bond Principal 113,133 - -
TOTAL - 113,133 -
WEINRICH DEVELOPMENT
Bond Principal 3,526 - -
TOTAL - 3,526 -
WING WILLIAMSONS
Bond Principal 1,465 - -
TOTAL - 1,465 -
HATCHERY HOLDINGS
Bond Principal 88,798 - -
TOTAL - 88,798 -
FEDERATION LABOR TEMPLE
Bond Principal 7,319 - -
TOTAL - 7,319 -
MIDDLETON PROPERTIES II
Bond Principal 7,914 - -
TOTAL - 7,914 -
COPPER CREEK 2016 HOUSES
Bond Principal 10,064 125,179 - -
TOTAL 10,064 125,179 -
EAST PARK ON STUHR
Bond Principal 60,510 - -
TOTAL - 60,510 -
TAKE FLIGHT INVESTMENTS
Bond Principal 5,957 - -
TOTAL - 5,957 -
Grand Island Regular Meeting - 8/11/2021 Page 19 / 76
MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET
July-21 YEAR TO DATE BUDGET BALANCE USED
COMMUNITY REDEVELOPMENT AUTHORITY
FOR THE MONTH OF JULY 2021
PRATARIA VENTURES HOSPITAL
Bond Principal 969,258 - -
TOTAL - 969,258 -
AMMUNITION PLANT
Bond Principal - - -
TOTAL - - -
URBAN ISLAND LLC
Bond Principal 1,949 - -
TOTAL - 1,949 -
PEACEFUL ROOT
Bond Principal 5,240 - -
TOTAL - 5,240 -
TALON 2019 LOOKBACK
Bond Principal - - -
TOTAL - - -
COPPER CREEK PH2 2019 LOOKBACK
Bond Principal 3,837 - -
TOTAL - 3,837 -
GRAND ISLAND HOTEL
Bond Principal 29,647 - -
TOTAL - 29,647 -
PARAMOUNT OLD SEARS
Bond Principal - - -
TOTAL - - -
CENTRAL NE TRUCK WASH
Bond Principal 21,993 - -
TOTAL - 21,993 -
TOTAL EXPENSES 460,173 3,605,855 6,462,855 5,791,334 55.79%
Grand Island Regular Meeting - 8/11/2021 Page 20 / 76
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
Regular Meeting
Item D1
August Meeting Schedule of Bills
Staff Contact:
Grand Island Regular Meeting - 8/11/2021 Page 21 / 76
Grand Island Regular Meeting - 8/11/2021 Page 22 / 76
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
Regular Meeting
Item E1
Review of Committed Projects and CRA Properties July 2021
Staff Contact:
Grand Island Regular Meeting - 8/11/2021 Page 23 / 76
COMMITTED PROJECTS REMAINING
GRANT
AMOUNT
2021 FISCAL YR 2022 FISCAL YR 2023 FISCAL YR ESTIMATED
COMP
1868 Foundation (3/10/21) $ 50,000.00 $ 50,000.00
Carnegie Library (4/14/21) $ 85,000.00 $ 85,000.00
GI Vets Home (Other Grants) $ 45,000.00 $ 45,000.00 Spring 2021
Southeast Commons 1201 S Locust
(12/9/20)
$ 100,000.00 $ 100,000.00 Summer 2021
Total Committed $ 280,000.00 $ 280,000.00 $ - $ -
FIRE & LIFE SAFETY GRANT TOTAL
AMOUNT
2021 FISCAL YR 2022 FISCAL YR 2023 FISCAL YR ESTIMATED
COMP
201-203 W. 3rd St. Anson (8-24-16) $ 310,000.00 $ 310,000.00 Spring 2022
Azure Investment Group (5-12-21) $ 70,000.00 $ 70,000.00 Fall 2021
Rawr Holdings 110 W 2nd (12/12/18) $ 35,000.00 $ 35,000.00 Winter 2022
Total Committed F&L Safety Grant $ 415,000.00 $ 415,000.00 $ - $ -
BUDGET 2021 2021 LEFT
Façade Budgeted 2021 $ 200,000.00 $ 199,977.00 $ 23.00
Other Projects Budgeted 2021 $ 200,000.00 $ 161,500.00 $ 38,500.00
Land - Budgeted 2021 $ 30,000.00 $ - $ 30,000.00
Land Sales Budgeted 2021 $ - $ - $ -
subtotal $ 361,477.00 $ 68,523.00
Balance $ 361,477.00 $ 68,523.00
BUDGET PAID LEFT
Building Improvements * $ 670,000.00 $ 15,736.05 $ 654,263.95
*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, 2021
Grand Island Regular Meeting - 8/11/2021 Page 24 / 76
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
Regular Meeting
Item I1
Redevelopment Plan Amendment for CRA Area #5 - Procon Flex
Industrial
Staff Contact:
Grand Island Regular Meeting - 8/11/2021 Page 25 / 76
Form Updated 7-25-2019cn Page | 1
BACKGROUND INFORMATION RELATIVE TO
TAX INCREMENT FINANCING REQUEST
Project Redeveloper Information
Business Name:
______________________________________________________________
Address:
_______________________________________________________________
Telephone No.: __________________________ Fax No.: _______________
Email: _________________________________________________________
Contact:
_______________________________________________________________
Application Submission Date:
Brief Description of Applicant’s Business:__
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________
Legal Description/Address of Proposed Project
Community Redevelopment Area Number ________
Procon Properties, LLC
1522 Stagecoach Road, Grand Island, NE 68801
(308) 380-6559 (308) 381-6557
kchehnke@gmail.com
K.C. Hehnke
06/30/2021
Procon Properties, LLC (the company) is organized as a Nebraska limited liability
company. Subsequent to project completion (pending TIF approval), the company will
operate and lease storage bays located at the project site (Sunny Side Third
Subdivision). Upon completion of both phases of the proposed project, a total of 4
buildings housing 50 total bays will be available.
Sunny Side Third Subdivision, lots 1-6, Hall County Nebraska (parcels 0400015145, 0400095645, 0400095661, 0400095726, 0400095769, & 0400095793)
5
Grand Island Regular Meeting - 8/11/2021 Page 26 / 76
Form Updated 7-25-2019cn Page | 2
Present Ownership Proposed Project Site:
________________________________________________________________
_____________________________________
Is purchase of the site contingent on Tax Increment Financing Approval? Yes No
Proposed Project: Building square footage, size of property, description of buildings –
materials, etc. Please attach site plan, if available.
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________
If Property is to be Subdivided, Show Division Planned:
VI. Estimated Project Costs:
Acquisition Costs:
A. Land $ ______________
B. Building $ ______________
Construction Costs:
A. Renovation or Building Costs: $ ______________
B. On-Site Improvements:
Sewer $ ______________
Water $ ______________
Electric $ ______________
Gas $ ______________
Public Streets/Sidewalks $ ______________
/"
Procon Properties, LLC
✔
Site preparation at Sunny Side Third Subdivision, including concrete work,
infrastructure (sewer & electric), landscaping, fencing, etc. and the construction of 4
pre-engineered steel buildings intended to contain bays for storage. Phase 1 (located
on lots 4 - 6) will consist of one 280' x 54' building housing 14 bays and one 240' x 54'
building housing 12 bays and Phase 2 (located on lots 1 - 3) will consist of two 240' x
54' buildings housing 12 bays each for a total of 50 available bays (see site plan Exhibit
A).
135,000
2,349,101
238,027
32,551
472,441
450,748
Grand Island Regular Meeting - 8/11/2021 Page 27 / 76
Form Updated 7-25-2019cn Page | 3
Private Streets $ ______________
Trails $ ______________
Grading/Dirtwork/Fill $ ______________
Demolition $ ______________
Other $ ______________
Total $ ______________
Soft Costs:
A. Architectural & Engineering Fees: $ ______________
B. Financing Fees: $ ______________
C. Legal $ ______________
D. Developer Fees: $ ______________
E. Audit Fees $ ______________
F. Contingency Reserves: $ ______________
G. Other (Please Specify) $ ______________
TOTAL $ ______________
Total Estimated Market Value at Completion: $
Source for Estimated Market Value________________________________________
Source of Financing:
A. Developer Equity: $ ______________
B. Commercial Bank Loan: $ ______________
C. Tax Credits:
1. N.I.F.A. $ ______________
2. Historic Tax Credits $ ______________
3. New Market Tax Credits $ ______________
4. Opportunity Zone $ ______________
D. Industrial Revenue Bonds: $ ______________
E. Tax Increment Assistance: $ ______________
F. Enhanced Employment Area $ ______________
-BOETDBQJOH'FODJOH
55
5PUBM$PTUT
4FF/PUF
/PUF5*'SFRVFTUFEBU[FSPQFSDFOUMFOEJOHSBUFJT
"NPVOUSFGFSFODFEJO
JUFN&BCPWFJTQSJODJQBMPOMZQPSUJPOBGUFSBQQMZJOHBMFOEJOHSBUFPOBZFBSUFSN
OPUFXJUINPOUIMZQBZNFOUT JOUFSFTUDPNQPOFOUJT
41
322,446
215,044
63,823
4,144,181
188,125
80,000
8,150
276,275
4,555,456
Market value arrived at using the lessor of cost or estimated assessed value provided by Hall County Assessor divided by 92%
141,000
3,464,660
949,796
Grand Island Regular Meeting - 8/11/2021 Page 28 / 76
Form Updated 7-25-2019cn Page | 4
G. Nebraska Housing Trust Fund $ ______________
H. Other $ ______________
Name, Address, Phone & Fax Numbers of Architect, Engineer and General Contractor:
_______________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
____________________________________________________________
Estimated Real Estate Taxes on Project Site Upon Completion of Project:
(Please Show Calculations)
________________________________________________________________
________________________________________________________________
________________________________________________________________
____________________________________________________________
Project Construction Schedule:
Construction Start Date:
_________________________________________________
Construction Completion Date:
___________________________________________
If Phased Project:
_______________________ Year ______________________ % Complete
_______________________ Year ______________________ % Complete
_______________________ Year ______________________ % Complete
_______________________ Year ______________________ % Complete
_______________________ Year ______________________ % Complete
_______________________ Year ______________________ % Complete
Architect: AGI Sentinel237 South 4th Street, P.O. Box 348Albion NE 68620
(402) 395-5076
Engineer: Olsson Associates
201 East 2nd Street
Grand Island, NE 68801
(308) 384-8750
General Contractor: Mid Plains Construction Co1319 West North Front StreetGrand Island, NE 68801(308) 382-2760
$88,993 (see Exhibit B for detailed calculation)
September 1, 2021
August 31, 2023
Phase #1 -- 9/1/2021 to 8/31/2022 50.0%
Phase #2 -- 9/1/20200 to 8/31/2023 50.0%
Grand Island Regular Meeting - 8/11/2021 Page 29 / 76
Form Updated 7-25-2019cn Page | 5
XII. Please Attach Construction Pro Forma
XIII. Please Attach Annual Income & Expense Pro Forma
(With Appropriate Schedules)
TAX INCREMENT FINANCING REQUEST INFORMATION
Describe Amount and Purpose for Which Tax Increment Financing is Requested:
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
______________________________________________________________
Statement Identifying Financial Gap and Necessity for use of Tax Increment Financing
for Proposed Project: ______________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________
4FF&YIJCJU$
4FF&YIJCJU%
$1,307,858 of tax increment financing (based on a 0% lending rate) is being
requested to assist in the construction of four pre-engineered steel buildings to be
located in the Sunny Side Third Subdivision of Hall County which are intended to
create a total of 50 storage bays upon completion. The two-phase project involves
the construction of the buildings, as well as concrete work for the foundation and all
necessary access roads, as well as appropriate sewer and electrical hookups to the
city water and electrical facilities.
The TIF funds will enable the project to be undertaken, resulting in vast
improvements to the current location in the airport "corridor" and the creation of a
facility that will help to satisfy an underutilized occupancy demand in Grand Island.
Tax increment financing is an integral and essential component to project
completion, which is contingent upon receipt of the expected tax increment
assistance. Feasibility is dependent on TIF funds that will enable the the creation of
adequate economics in operating the new facility at a competitive rate in the
specified area (See Exhibit E for a capitalization rate analysis for the first phase of
the project which is expected to be consistent with the second phase)
Grand Island Regular Meeting - 8/11/2021 Page 30 / 76
Form Updated 7-25-2019cn Page | 6
Municipal and Corporate References (if applicable). Please identify all other
Municipalities, and other Corporations the Applicant has been involved with, or has
completed developments in, within the last five (5) years, providing contact person,
telephone and fax numbers for each:
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
____________________________________
Post Office Box 1968
Grand Island, Nebraska 68802-1968
Phone: 308 385-5240
Fax: 308 385-5423
Email: cnabity@grand-island.com
CMBA Architects
Brad Kissler
Phone: 308-384-4444
Olsson & Associates
Jeff Palic
Phone: 308-398-2953
Fax: 308-384-8752
Home Federal Bank
Steve Kunzman
Phone: 308-382-4000
Engineering & Technologies, Inc.
Phone: 402-476-1273
Grand Island Regular Meeting - 8/11/2021 Page 31 / 76
I
I
I
I
PROPERTY EXHIBIT
-SUNNY SIDE TIDRD SUBDIVISION-
A REPLAT OF LOTS 1-17, 44-60, SUNNY SIDE SUBDMSION AND LOT 55, FRANK P. BARK'S
SUBDIVISION No. 3, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
LEGAL DESCRimON AS RECORDED ON INSTRUMENT NO. 202003333
Lot fifty-Fi..: (SS). iD FllUlk P. Bam' SubcliWicaNo. 3,iD lbcCityofGrandlslm!,Hallc-ity, Ncbnmadllw
pa! ofncaled l:4wmd StlUI u lbown iD Onlm-c No. 4804, filal DcccmbQ' 19, 1969, m Book 19, Page 362 ad
11111 pa1 of wc:aicd lllcy u sbawn ID OrdimDce No. 4824, filed Fcbnwy 16, 1970, iD Boot 20, Page 204; m:cpliDa a
catain 1n1ct mon: pa:ticululy daaillcd m Qui!.cbim Deed n:cocdcd m Book 161, Page 30.
llXI
LotsOee(l). ho(2}, Tbnoo(3).fcGr(4),Fivc(S).Siz(6).Scvao(7).l!igbt(8).N"mc(9). Tcn(IO),Elcvczi(ll).
'hdwe (12), Thincco (13). fQDUal(l4), Flftccn (IS).~ (16). Sew=cn (17), fcxty-Fmr(44), Fcrty-Fm: (4S).
fcirty.Slx (46). Foriy.Scwm (47), faty·l!igbt (48), Fcrty-N"mc (49). Fifty (SO), Fifty-cae (SI), Fdly-ho (52),
fifty-11nc (S3). Fdly-Fcur (54). Fill)o-Fi..: (SS). f"afty.Si:& (56), Fifty-Scvao (S1), Fdly-Eigbl (51). Fafty-N'mc (59). a S1x1y C60>. m SmmJ Side SabdiYisica m lbc Chy or0nm Wml. Han eamiy, Ndasb: ad 11111 pa!of--.t
Edwmd SIJa:c u sbowD iD OtdiDmcc No. 4804, fi1al Da:cmba' 19, 1969, iD Boot 19, Page 362,-S dm pat of
¥Kalal lllcy u abaWD iD OrdinaDtc No. 4824, l!1cd fcbmry 16, 1970, iD Boot 20, Page 204; accpliaa. cataiD
a.a""'"' pclicUl.aty dcaaibcd ID C)iildaim Deed rocaded iD Book 161, hgc 30.
SURVEYOR'S CERTIFICATE
I, DybD J. Campbdl. NdxuD Profcalocal Rqb1aa! Liile! SUIW)U No. 118, do bcn:by mlify llwoa Mq 20, 20l0, l ccmplclcd 1111 accmale SUIYC)' of"SUNNY SIDB THIRD SllllDMSlON", a rq>lal of Loa 1-17, 44-60,
5111111)' Side Sabdlvlsico ad Loi SS, Frmk P. Ba:k'I SabdMsloa No. J, iD 1llo City ofG:md lslm!, Hall Cocmly,
Ndnsb, u &hotl'D OQ lbc accompmyiDg plal tllcrcof; !Im Iha loll, blocb, llrcca, awma, llleyl, pmb,-
llXI oCbcr givmxls u combed iD aid ASbdiYisloa u lllxlwll OQ 1llo accompaylDa plal dxrcof-MU and ICCUl&lcly llllcal oll'llXI amtcd; dm imll martas were pbccd at all lot-.; 11111 lbedlmcmiom of acb lol inas lllo"'1I
OQ Ille plal; 11111 acb lot bean ill OWZI rmmfla; llXI llw aid smv&y-made wjlh refam:c Co lmcJwn llXI ~ -
(SEAL)
LOCATION MAP
s1~n111-R1W
~ 1111'110 5CAI[
I
I
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 32 / 76
237 South 4th Street I P.O. Box 348 I Albion, Nebraska 68620
TF 800.327.0790 I p 402.395.5076 I F 402.395.6369
www.sentinelbuildings.com
AGI !!!I SENTINEL
BUILDING ORDER/ QUOTE
JOHN GIESENHAGEN
ADDRl:
ADDR2:
CITY,ST,ZIP GRAND ISLAND, NE 68803
PHONE#: 308-382-2760
FAX #:
WIND LOAD:
BUILDING CODE:
EXPOSURE:
COLLATERAL:
LIVE LOAD:
LIVE LOAD REDUCTION:
ROOF SNOW LOAD:
GROUND SNOW:
CLOSURE:
113 mph
IBC 18
c
1
30
Yes
30 {Min Local)
25
Closed
OCCUPANCY CATEGORY II -Normal
SEISMIC ZONE/DESIGN CATEGORY: A
SEISMIC COEF.:
FRONT SIDEWALL:
BACK SIDEWALL:
ROOF:
0.138
Portal Frames
Portal Frames
Cable Diagonal Bracing
GRAND ISLAND, NE 68803
68803
JOBSITE PHONE:
CITY RURAL
none
(12) 10 W x 14 H
none
NOTES:
(1) 20' LONG SPRING PAD PER FRAMED OPENING SUPPLIED
LEFT ENDWALL:
RIGHT ENDWALL:
Cable Diagonal Bracing
Cable Diagonal Bracing
PANEL TYPES, GAUGES AND COLORS
ROOF PANEL TYPE:
SIDEWALL PANEL TYPE:
ENDWALL PANEL TYPE :
U.L. RATING STYLE=--
GABLE:
JAMB: To Be Determined
CORNER: To Be Determined
BASE: To Be Determined
1/22/2021 10:37 AM
R-Panel
R-Panel
R-Panel
Sil-Poly
Sil-Poly
1 of 5
GAUGE:
GAUGE:
GAUGE:
26
26
26
GAUGE:
COLOR: Galvalume (CSS)
COLOR: To Be Determined
COLOR: To Be Determined
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 33 / 76
Exhibit AGrand IslandRegular Meeting - 8/11/2021Page 34 / 76
Exhibit AGrand IslandRegular Meeting - 8/11/2021Page 35 / 76
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 36 / 76
Rf"l-1
iTi !.!.! 0
RF1-1
iTi !.!.! 0
RF1-1 RF1-1
m m 0 0
RF1-1
m 0
ANCHOR SOLT PLAN
NOTE: All Base Plates 0 100' -o· (U.N.)
SEll1
237 SOun< •TH STRW P.O.
llOO•l27•D790 SENTlN ................................... ---.-·-"'"° ~
___ ....
........... ,..... .... -,,....... .. -.. ..... __ ., ... _
.._ .. -........ ........
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 37 / 76
FRAME LINES: 3 4 5 6 7 8 9 10 11 12
H -,v
RIGID FRAME: MAXIMUM REACTIONS, ANCHOR BOLTS, & BASE PLATES
Frm
---Column_Reoctions(I< ) ---Solt(in~ Bose_Plole(inf Col Lood Hmox V Lood Hmin V Grout Line Line Id H Vmox Id H Vmin Qty io Width Length hick (in) ----------------------------
2• A 13.6 22.5 3 -5.5 -6.6 4 0.750 8.000 12.56 0.375 0.0 5 -2.1 -6.9
2• D 4 3.9 -4.0 1 -13.6 22.9 4 0.750 8.000 18.56 0.375 0.0 1 -13.6 22.9 5 2.3 -7.2
2• Freme lines: 23456789 10 11 12
GENERAL NOTES
1. Foundation design and construction ore not the responsibility of SENTINEL Buildings Systems.
2. The building reaction doto reports the loads which this building places on the foundation.
3. Anchor bolts shell be occurotely set to a tolerance of +/-1/8" in both elevation
4. Column bose plates are designed not to exceed a bearing pressure of
5. All well< doors are to be field located with drilled in wedge
6. Total anchor bolt length is embedment + projection.
7. All anchor bolts to be ASTM Fl 554 Gr36 threaded round plain finish, unless noted.
8. When anchor rods ore located close to the free e g of t strength of the anchor rods cannot be fully develope In
the concrete must be sized end developed (not by Se i forces in the onchor rods.
9. For buildings classified os close I ed/Open = C), Sen el Building Systems does not ~i~~~~gsot~,}h~p~n~~u~~;e e~~ ust s~~ mw~~~ ~~~~re0~h~~e d ring1 t~;::~~n~f s~i~~mwi~~i:' o~~~:er~~~d
doors, sliding doors, lor e d rs ch as bi-fold & hydraulic). wall< doors and windows will be closed & latched.
BUILDI
-Woll -
Loe Line
L_EW , 3.8 0.0 0.0 F_SW D 1.8 0.1 0.2 fg~ 1.8 0.1 0.2 R_EW 13 3.8 o.o 0.0 B_sw A 1.5 0.1 0.2 fg~ 1.5 0.1 0.2
(b)Wind bent in boy, base above finish floor
ENDWALL COLUMN: MAXIMUM REACTIONS, ANCHOR BOLTS,
Frm ---Column_Reoctions~ ) ---Bolt( Col Load Hmox V Load min V Line Line Id H Vmox Id H Vmin Qty --------------
A 6 0.9 -0.9 7 -0.8 -0.9
2 0.0 2.4 6 0.9 -0.9
B 8 1.9 -3.2 9 -1.7 -3.2 2
2 o.o 8.1 8 1.9 -3.2 c 8 2.0 -4.3 9 -1.8 -4.3 2 2 0.0 6.3 8 2.0 -4.3
D 10 1.0 -2.9 ,, -0.9 -2.9 2 , 0.0 3.1 10 1.0 -2.9
13 D 8 1.0 -2.9 9 -0.9 -2.9 2 I 0.0 3.1 8 1.0 -2.9
13 c 10 2.0 -4.3 11 -1.8 -4.3
2 0.0 6.3 10 2.0 -4.3
13 8 10 1.9 -3.2 11 -3
2 0.0 8.1 10
13 A 6 0.9 -0.9
2 0.0 2.4
NOTES FOR
plane of e brace with the H p
5. Loading conditions ore:
1 Dead+Colloterol+Live 2 Deod+Colloterol+MIN_SNOW 3 0.60eod+0.6Wind_Lefl1
4 0.60eod+0.6Wind_Right 1
rticol reaction is downward.
the following building data:
54.0 = 240.0
: o.~6.5/ 19.o
2.5 1.0
30.0 21.0 113.0
= IBC 18 = c =C = 1.00 = 1.00 =A
5 0.60eod+0.6Wind_Long1L 6 0 .60eod + O. 6Wind_Suction + 0.6Wind_Long 1 L
7 0.60eod+0.6Wind_Pressure+0.6Wind_Long 1 L 8 0.60eod+0.6Wind_Left 1 +0.6Wind_Suction
9 0.60eod+0.6Wind_Lefl 1 +0.6Wind_Pressure 10 0.60eod+0.6Wind_Righl 1 +0.6Wind_Suction
11 0.60eod+0.6Wind_Right 1 +0.6Wind_Pressure
237 SDUlH 4TH STAEET P.C
eoo-327-0790 SENTI
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 38 / 76
"VFLANGE 8 FBxxA( 1 )RACES: Both s· A -L2x:1 /~::::::length(in)1des(U.N.)
A9/1s· 12
-i f.3/4"
26 Go. SR, Golvolume (css)
29'-7"
RIGID FRAME ELEVATION: FRAME LINE 2
25'-3"
3 4 5 6 7 8 9 10 11 12
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 39 / 76
237 South 4•h Street I P.O. Box 348 I Albion, Nebraska 68620
TF 800.327.0790 I p 402.395.5076 I F 402.395.6369
www.sentinelbuildings.com
AGI !!II SENTINEL
BUILDING ORDER/ QUOTE
CONTACT: JOHN GIESENHAGEN
ADDRl:
ADDR2:
CITY,ST,ZIP GRAND ISLAND, NE 68803
PHONE#: 308-382-2760
FAX#:
WIND LOAD: 113 mph
BUILDING CODE: IBC 18
EXPOSURE: c
COLLATERAL: 1
LIVE LOAD: 30
LIVE LOAD REDUCTION: Yes
ROOF SNOW LOAD: 30 (Min Local)
GROUND SNOW: 25
CLOSURE: Closed
OCCUPANCY CATEGORY II -Normal
SEISMIC ZONE/DESIGN CATEGORY: A
SEISMIC COEF.: 0.138
FRONT SIDEWALL:
BACK SIDEWALL:
ROOF:
Portal Frames
Portal Frames
Cable Diagonal Bracing
GRAND ISLAND, NE 68803
68803
JOBSITE PHONE:
CITY RURAL
none
{14) 10 W x 14 H
none
NOTES:
(1) 20' LONG SPRING PAD PER FRAMED OPENING SUPPLIED
LEFT ENDWALL:
RIGHT ENDWALL:
Cable Diagonal Bracing
Cable Diagonal Bracing
PANEL TYPES, GAUGES AND COLORS
ROOF PANEL TYPE: R-Panel GAUGE: 26 COLOR: Galvalume (CSS)
SIDEWALL PANEL TYPE: R-Panel Sil-Poly GAUGE: 26 COLOR: To Be Determined
ENDWALL PANEL TYPE: R-Panel Sil-Poly GAUGE: 26 COLOR: To Be Determined
U.L. RATING STYLE=--
GABLE: To Be Determined
JAMB: To Be Determined
CORNER: To Be Determined
BASE: To Be Determined GAUGE:
1/22/2021 10:40 AM 1 of 5 1/22/2021 10:40 AM Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 40 / 76
Exhibit AGrand IslandRegular Meeting - 8/11/2021Page 41 / 76
Exhibit AGrand IslandRegular Meeting - 8/11/2021Page 42 / 76
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 43 / 76
RF1-1 RF1-1
m m D D
RF1-1
iTi !l! 0
RF1-1
iTi !l! D
RFl-1
iTi !l! D
RF1-1
m 0
ANCHOR BOLT PLAN
NOTE: All Bose Plates 0 100' -0" (U.N.)
2J7 saun< •TH STll£ET P.O.
IOO-lU-0710 SEllllN .......... ~ ............. ._,. --.-·-.. '° ~ ... ~ .. -... ..................... ................. ..,..............._._ ... c.........a --.. --..-
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 44 / 76
FRAME LINES: 3 4 5 6 7 8 9 10 11 12 13 14
RIGID FRAME: MAXIMUM REACTIONS, ANCHOR BOLTS, & BASE PLATES
Frm Col ---Column_Reoctions~ ) ---Load Hmox V Leed min V Grout Line Line Id H Vmox Id H Vmin Bolt(ini Qty io Bose_Plote(in t Width Length hick (in) ----------------------------
2• A 13.6 22.5 3 -5.5 -6.6 4 0.750 8.000 12.56 0.375 o.o
5 -2.1 -6.9
2• D 4 3.9 -4.0 1 -13.6 22.9 4 0.750 8.000 18.56 0.375 0.0 1 -13.6 22.9 5 2.3 -6.8
2• Frame lines: 2 3 4 5 6 7 8 9 10 11 12 13 14
GENERAL NOTES
1. Foundation design and construction ore not the responsibility of SENTINEL Buildings Systems.
2. The building reaction doto reports the loads which this building places on the foundation.
3. Anchor bolts shall be accurately set to o tolerance of + /-1 /8" in both elevation
4. Column base plates ore designed not to exceed a bearing pressure of
5. All walk doors ore to be field located with drilled in wedge
6. Total anchor bolt length is embedment + projection.
7. All anchor bolts to be ASTM Fl 554 Gr36 threaded round
ploin finish, unless noted.
8. When anchor rods ore located close to the free e of t e cone le, the nsile and/or shear strength of the anchor rods cannot be fully develope In hese c s, ste reinforcement in
the concrete must be sized ond developed (not by Se i for the · d tensile or shear forces in the anchor rods.
9. For buildings classified as close I ed/Open = C), Sen Systems does not investigate the influence of sig wind load on the I building system with doors and windows left open. The end ust er must assure that d ring times of high winds all overhead doors, sliding doors, tor e d rs ch as bi-fold c!c hydraulic), walk doors and windows will be
closed c!c latched.
BUILDI
-Wall -PoCl~l~~eor
Loe Line Wind Seis Note
LEW 1 3.8 0.0 o.o F_SW D 1.2 0.1 0.1
f g~ 1.2 0.1 0.1 1.2 0.1 0.1 R_EW 15 3.8 0.0 o.o e_sw A 1.5 0.1 0.2 ~g~ 1.5 0.1 0.2
ENDWALL COLUMN: t.AAXIMUM REACTIONS, ANCHOR BOLTS,
F'rm Col ---Column_Reactions(k ) ---Bolt( Load Hmoic V Load Hmin V Line Line Id H Vmox Id H Vmin Qty --------------
A 6 0.9 -0.9 7 -0.8 -0.9 2 2 0.0 2.4 6 0.9 -0.9
B 8 1.9 -3.2 9 -1.7 -3.2 2 2 0.0 8.1 8 1.9 -3.2 c 8 2.0 -4.3 9 -1.8 -4.3
2 0.0 6.3 8 2.0 -4.3
D 10 1.0 -2.9 11 -0.9 -2.9 1 0.0 3.1 10 1.0 -2.9
15 D 8 1.0 -2.9 9 -0.9 -2.9 2 , 0.0 3.1 8 1.0 -2.9
15 c 10 2.0 -4.J 11 -1.8 -4.3 2 0.0 6.3 10 2.0 -4.3
15 B 10 1.9 -J.2 -3
2 0.0 8.1
15 A 6 0.9 -0.9
2 0.0 2.4
NOTES FOR
plane of e brace with the H p
5. Loading conditions ore:
1 Deod+Colloterol+Live 2 Oeod+Colloterol+MIN_SNOW 3 0.60eod+0.6Wind_Left1 4 0.60eod+0.6Wind_Right 1
rtical reaction is downward.
the following building data:
54.0
.. 280.0 = 16.S/ 19.0 .. 0.6
2.5 1.0 = JO.O .. 21.0 .. 113.0 = IBC 18 "'c .. c .. 1.00 = 1.00 .. A
S 0.60eod+0.6Wind_Long1 L
6 0.60eod+0.6Wind_Suction+0.6Wind_Long 1 L 7 0.60eod+0.6Wind_Pressure+0.6Wind_Long 1 L
8 0.60eod+0.6Wind_Left1 +0.6Wind_Suction 9 0.60eod+0.6Wind_Left1 +0.6Wind_Pressure
1 0 0.60eod+0.6Wind_Right 1 +0.6Wind_Suction 11 0.6Deod+0.6Wind_Right 1 +0.6Wind_Pressure
···~ 237 Sl)U1M &TH STREET P.C
llCIO-l27-D790 SOIT1
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 45 / 76
'7 FLANGE BRACES: Both Sides(U.N.)
FBxxA( 1 ): xx=length(in)
A -L2x1/8
. O'I I ..
~ I . ..
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. m I ;.,
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26 Go. SR, Golvolume (css)
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RIGID FRAME ELEVATION: FRAME LINE 2 3 4 5 6 7 8 9 10 11 12 13 14
···~ 237 SCIU1H 4T>I $111ttT P.C
1100-l21-01t0 som
Exhibit A
Grand Island Regular Meeting - 8/11/2021 Page 46 / 76
Procon Properties, LLCTax Increment Financing RequestEstimated Real Estate Taxes on Project Site Upon Completion of Project
Existing Assessed Value and Real Estate Tax on Project Site
Assessed Value (2020)Parcel Number Improvements Land Total Taxes Sq Feet Mil Rate
0400015145 - 14,483 14,483 300.46 22,101 2.0745702%
0400095645 - 14,482 14,482 300.42 22,148 2.0744372%
0400095661 - 14,482 14,482 300.42 22,184 2.0744372%0400095726 - 14,482 14,482 300.42 22,220 2.0744372%0400095769 - 14,482 14,482 300.42 22,256 2.0744372%
0400095793 - 14,482 14,482 300.42 22,291 2.0744372%
Before subdivision - 86,893 86,893 1,802.56 133,200
Subdivided Sq Ft 133,200 133,200 133,200 133,200
Divided by total existing 133,200 133,200 133,200 133,200
Ratio 1.000000 1.000000 1.000000 1.000000
Estimated subdivision - 86,893 86,893 1,803
Estimated Real Estate Taxes on Project Site Upon Completion of Project
Note 12020 Assessment Limitation2020 taxes assessed on site prior to project commencement 1,803
Divided by base assessed value 86,893
Estimated tax rate 2.074460%
Proposed assessed value 4,289,940
Estimated annual real estate tax after project completion 88,993
Less existing annual real estate tax (1,803)
Estimated increase in annual real estate tax 87,191 98,417
15 15
Requested TIF assistance at zero percent lending rate 1,307,858 1,476,259
Principal debt service at indicated rate Rate Principal Principal
With annual note payments PVA 4.50%936,387 1,056,957
With monthly note payments PVA 4.50%949,796 1,072,093
Notes:
1.)This column represents requested financing in the event the tax increment over 15 yearsexceeds actual qualified TIF costs. Requested TIF assistance is limited to qualified costs.
Exhibit B
Grand Island Regular Meeting - 8/11/2021 Page 47 / 76
Procon Properties, LLC
Project Cost Summary
TIF
Phase #1 Phase #2 Qualified (Q)
Description Amount Amount Total Non-Qualified (NQ)
TIF qualified general conditions 87,500.00 100,625.00 188,125.00 Q
TIF non-qualified general conditions 54,100.00 62,215.00 116,315.00 NQ
Subtotal 141,600.00 162,840.00 304,440.00
TIF qualified sitework 92,150.00 105,973.00 198,123.00 Q
TIF non-qualified sitework 7,870.00 9,051.00 16,921.00 NQ
Subtotal 100,020.00 115,024.00 215,044.00
Landscaping 11,235.00 12,920.00 24,155.00 NQ
Fencing 18,450.00 21,218.00 39,668.00 NQ
TIF qualified concrete 209,650.00 241,098.00 450,748.00 Q
TIF non-qualified concrete 149,975.00 172,471.00 322,446.00 NQ
Subtotal 359,625.00 413,569.00 773,194.00
Metals 29,190.00 33,569.00 62,759.00 NQ
Pre-engineered building 771,860.00 887,639.00 1,659,499.00 NQ
Overhead doors 107,595.00 123,734.00 231,329.00 NQ
Hollow metal door 67,155.00 77,228.00 144,383.00 NQ
Drywall 12,535.00 14,415.00 26,950.00 NQ
Painting 6,850.00 7,878.00 14,728.00 NQ
Signage 8,560.00 9,844.00 18,404.00 NQ
TIF qualified plumbing 125,850.00 144,728.00 270,578.00 Q
TIF non-qualified plumbing 34,760.00 39,974.00 74,734.00 NQ
Subtotal 160,610.00 184,702.00 345,312.00
TIF qualified electrical 104,900.00 120,635.00 225,535.00 Q
TIF non-qualified electrical 114,840.00 132,066.00 246,906.00 NQ
Subtotal 219,740.00 252,701.00 472,441.00
NQ
Total project costs per construction pro-forma 2,015,025.00 2,317,281.00 4,332,306.00
Other costs:
Land 67,500.00 67,500.00 135,000.00 Q
Financing 40,000.00 40,000.00 80,000.00 NQ
Legal & accounting 1,000.00 7,150.00 8,150.00 Q
Total project costs 2,123,525.00 2,431,931.00 4,555,456.00
Total TIF qualified costs (Q)688,550.00 787,709.00 1,476,259.00
Total TIF non-qualified costs (NQ)1,434,975.00 1,644,222.00 3,079,197.00
Total project costs 2,123,525.00 2,431,931.00 4,555,456.00
Phase 2 (cost increase percentage)15.00%
Exhibit C
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Above summary only includes phase 1 costs.
Exhibit C
Grand Island Regular Meeting - 8/11/2021 Page 49 / 76
Amounts reflected above are included in totals reflected on previous page and include only phase 1 costs.Exhibit CGrand IslandRegular Meeting - 8/11/2021Page 50 / 76
Exhibit D
Annual Income & Expense Pro Forma
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Grand IslandRegular Meeting - 8/11/2021Page 54 / 76
SCHROEDER ~
SCHREINER,
P.C.
CERTIFIED
PUBLIC
ACCOUNTANTS
2535 N. Carleton Ave.
SuiteB
Grand Island, NE
68803
PO. Box 520
Grand Island, NE
68802-0520
PH: 308-381-1355
FAX:308·381 ·6557
EMAIL:
info@ss-cpas.com
WEBSITE:
www.ss-cpas.com
To Management of
Procon Properties, LLC
Grand Island, NE
INDEPENDENT ACCOUNTANTS' COMPILATION REPORT
Management is responsible for the accompanying projection of Procon Properties, LLC, which
comprise projected statements of receipts and disbursements under various tax increment financing
scenarios detailed in Note A -cash basis of Procon Properties, LLC (see introduction), for the twelve
months ending after project phase 1 completion, and the related summaries of significant
assumptions in accordance w ith guidelines for the presentation of a projection established by the
American Institute of Certified Public Accountants (AICPA). We have performed a compilation
engagement in accordance with Statements on Standa rds for Accounting and Review Services
promulgated by the Accounting and Review Services Committee of the AICPA. We did not examine or
review the projection nor were we required to perform any procedures to verify the accuracy or
co mpleteness of the information provided by management. Accordingly, we do not express an
opinion, a conclusion, nor provide any form of assurance on this projection.
Even if the tax increment fi nancing (TI F) scena rios outlined occurred, the projected results may not
be achieved, as there will usually be differences between the projection and actual results because
events an d circumstances frequently do not occur as expected, and those differences may be
material. We have no responsibility to update this report fo r events and circumstances occurring
after the date of this report.
Management has elected to omit substantially all disclosures and the summary of significant
accounting policies required by the guidelines for presentation of a projection established by the
AICPA other than those related to the significant assumptions. If the omitted disclosures and
accounting policies were included in the projection, they might influence the user's conclusions about
Procon Properties, LLC's net cash receipts and disbursements for t he projection period. Accordingly,
this projection is not designed for those who are not informed about such matters.
This accompanying projection and this report are intended solely for the information and use of
Procon Properties, LLC, the Grand Island Community Redevelopment Authority, the Grand Island City
Council, and certain individuals and organizations involved in the tax increment financing application
process and are not intended to be and should not be used by anyone other than these specified
parties.
Grand Island, NE
June 29, 2021
4
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Procon Properties, LLC
Tax Increment Financing Application
Capitalization Rate Analysis
With Tax Without TaxIncrement Financing Increment Financing
Net operating income 126,397 82,317
Divided by fair market value 2,123,525 2,123,525
Equals capitalization rate 5.95%3.88%
Exhibit E
Grand Island Regular Meeting - 8/11/2021 Page 59 / 76
Redevelopment Plan Amendment
Grand Island CRA Area 5
July 2021
The Community Redevelopment Authority (CRA) of the City of Grand Island
intends to amend the Redevelopment Plan for Area 5 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 5.
Executive Summary:
Project Description
THE REDEVELOPMENT PROPERTY LOCATED SOUTH OF CAPITAL AVENUE
AND WEST OF SKYPARK ROAD FOR COMMERCIAL/INDUSTRIAL,
INCLUDING ACQUISITION OF PROPERTY, SITE WORK, SANITARY SEWER,
STORM SEWER AND STREETS AND DEMOLITION OF AN EXISTING
STRUCTURE AND CONSTRUCTION 4 NEW MULTIUSE INDUSTRIAL STORAGE
BUILDINGS (54,000 SQ FT) SUITABLE FOR SMALL COMMERCIAL
OPERATIONS/WATERHOUSING AND COMMERCIAL/PERSONAL STORAGE.
The use of Tax Increment Financing to aid in expenses associated with
redevelopment of the property located at south of Capital Avenue and west of
Skypark Road from its current state as vacant undeveloped underserved property
to commercial/industrial property with multiple flex buildings capable of
supporting commercial and industrial uses ranging from small commercial trade
offices and workspace to commercial warehousing. The use of Tax Increment
Financing is an integral part of the development plan and necessary to make this
project affordable. The project will result in developing a vacant piece of property
that has been subdivided and within the Grand Island city limits for more than 100
years. This property is not currently served by sanitary sewer. Sanitary sewer will
be extended to serve the property. The property is zoned for heavy manufacturing.
The proposed uses are consistent with the zoning, comprehensive plan and
proximity to the airport. This project as proposed would not be possible without the
use of TIF.
Procon Properties LLC has acquired the property and adjusted the property lines to
accommodate the proposed development. The property has remained vacant and
undeveloped since it was platted as Sunny Side Subdivision 1887. 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 for up
to 15 years for a period beginning January 1, 2023 towards the allowable costs and
associated financing project.
Grand Island Regular Meeting - 8/11/2021 Page 60 / 76
Existing Land Use and Subject Property
Grand Island Regular Meeting - 8/11/2021 Page 61 / 76
TAX INCREMENT FINANCING TO PAY FOR THE REHABILITATION OF THE
PROPERTY WILL COME FROM THE FOLLOWING REAL PROPERTY:
Property Description (the “Redevelopment Project Area”)
Hall County Assessor Parcels 4000095793, 400095769, 400095726, 40095661,
40095645 and 400095145.
Legal Descriptions: All of Lots 1-6 of Sunny Side Third Subdivision in the City of
Grand Island, Hall County, Nebraska.
The tax increment will be captured for the tax years for which the payments become
delinquent in years 2023 through 2043 inclusive with no property extending beyond
the 15 maximum.
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 development and
construction of the industrial flex buildings over an anticipated period of five years.
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 up to 15 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,
Grand Island Regular Meeting - 8/11/2021 Page 62 / 76
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 January 11, 2005.[§18-2109] Such
declaration was made after a public hearing with full compliance with the public
notice requirements of §18-2115 of the Act.
2. Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13)
(a) and §18-2110]
Grand Island adopted a Comprehensive Plan on July 13, 2004. This redevelopment plan
amendment and project are substantially consistent with the Comprehensive Plan. Sunny
Side Third Subdivision is zoned for Heavy Manufacturing and the Grand Island City
Council has on a previous occasion denied a request to rezone this property for residential
use due to its proximity to the Central Nebraska Regional Airport. The Hall County
Regional Planning Commission held a public hearing at their meeting on September 1,
2021 and passed Resolution 2021-06 confirming that this project will be consistent with
the Comprehensive Plan for the City of Grand Island as amended.
3. The Redevelopment Plan must be sufficiently complete to address the following
items: [§18-2103(13) (b)]
a. Land Acquisition:
The Redevelopment Plan for Area 1 provides for real property acquisition and this plan
amendment does not prohibit such acquisition. The developer has acquired the property.
There is no proposed acquisition by the authority.
b. Demolition and Removal of Structures:
This property is vacant and no structures will be demolished or removed.
Grand Island Regular Meeting - 8/11/2021 Page 63 / 76
City of Grand Island Future Land Use Map
Grand Island Regular Meeting - 8/11/2021 Page 64 / 76
c. Future Land Use Plan
See the attached map from the 2004 Grand Island Comprehensive Plan. The Central
Nebraska Regional Airport is located to the north and east of this property. All of the
properties to the north, east and south are planned for manufacturing development and
Council has previously denied a request to change this property to a residential zoning
district at the request of Airport management. This property is in private ownership.
[§18-2103(b) and §18-2111]
d. Changes to zoning, street layouts and grades or building codes or ordinances or
other Planning changes.
The area is zoned M-2 Heavy Manufacturing zone. No changes are anticipated in street
layouts or grades. No changes are anticipated in building codes or ordinances. Nor are
any other planning changes contemplated. [§18-2103(b) and §18-2111]
e. Site Coverage and Intensity of Use
The property is zoned M2 Heavy Manufacturing. Up to 65% of the property can be
covered with structures. The proposed plans are consistent with the expected site
coverage and intensity of use. [§18-2103(b) and §18-2111]
f. Additional Public Facilities or Utilities
Sewer and water are available to support this development. Sewer will be extended
through this property with this development. Water is available to the subdivision. and
will be extended to all of the lots.
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. The existing house on this
property was vacant prior to consideration of this paln. 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:
Grand Island Regular Meeting - 8/11/2021 Page 65 / 76
a. Method and cost of acquisition and preparation for redevelopment and estimated
proceeds from disposal to redevelopers.
The estimated costs for this project including acquisition are $4,555,456. Site acquisition
was $135,000. Site improvements including: site work and grading, utility
improvements, sidewalks and other flat concrete of $1,144,984 Architectural and
Engineering planning services of $188,125 and are included as a TIF eligible expense.
Legal, Developer and Audit Fees including a reimbursement to the City and the CRA of
$8,150 are included as TIF eligible expense. The total of eligible expenses for this project
is $1,476,259.
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 $1,307,858 from the proceeds of the TIF. Actual
benefit of the TIF after applying an interest rate of 4.5% to the project will be $949,796.
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, 2023 through December 2043.
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
Grand Island Regular Meeting - 8/11/2021 Page 66 / 76
will have the intended result of preventing recurring elements of unsafe buildings and
blighting conditions.
8. Time Frame for Development
Development of this project is anticipated to be completed between September 2021 and
December of 2023. Excess valuation should be available for this project for up to 15
years on each phase of the development beginning with the 2023 tax year.
9. Justification of Project
This property has been in the Grand Island municipal limits and largely undeveloped for
more than 100 years. The proximity to the airport further restricts the development
potential of this property. The proposed use for flex industrial buildings is consistent with
the current zoning and provides a buffer between the airport and surrounding residential
development.
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. Public funds from tax increment financing in the amount of
$1,307,858 provided by the Grand Island Community Redevelopment Authority will be
required to complete the project. This investment by the Authority will leverage
$3,247,598 in private sector financing and equity investment; a private investment of
$2.48 for every TIF dollar invested.
Use of Funds. Source of Funds
Description TIF Funds Private Funds Total
Site Acquisition $135,000 $135,000
Building Costs $2,274,367 $2,274,367
Sewer $238,027 $74,734 $312,761
Water $32,551 $32,551
Electric $225,535 $246,906 $472,441
Public Streets/Sidewalks $282,347 $490,847 $773,194
Site preparation/Dirt
Work
$198,123 $16,921 $215,044
Architecture/Engineering $188,125 $188,125
Financing Fees $ 80,000 $ 80,000
Legal/TIF Contract $ 6,000 $ 6,000
Grand Island Regular Meeting - 8/11/2021 Page 67 / 76
other (Landscaping) $63,823 $63,823
Govt. Fees and Expenses $2,150 $2,150
TOTALS $1,307,858 $3,247,598 $4,555,456
Tax Revenue. The property to be redeveloped has January 1, 2020, valuation of
approximately $86,893. Based on the 2020 levy this would result in a real property tax of
approximately $1,803. It is anticipated that the assessed value will increase by
$4,202,957 upon full completion, as a result of the site redevelopment. This development
will result in an estimated tax increase of over $87,191 annually. The tax increment
gained from this Redevelopment Project Area would not be available for use as city
general tax revenues, for a period of 15 years, or such shorter time as may be required to
amortize the TIF bond, but would be used for eligible private redevelopment costs to
enable this project to be realized.
Estimated 2021 assessed value: $ 1,803
Estimated taxable value after completion $ 4,289,940
Increment value $ 4,202,957
Annual TIF generated (estimated) $ 87,191
TIF bond issue $ 1,307858
(a) Tax shifts resulting from the approval of the use of Tax Increment Financing;
The redevelopment project area currently has an estimated valuation of $87,191. The
proposed redevelopment will create additional valuation of $4,202,957. No tax shifts are
anticipated from the project. The project creates additional valuation that will support
taxing entities long after the project is paid off.
(b) Public infrastructure and community public service needs impacts and local tax
impacts arising from the approval of the redevelopment project;
No additional public service needs have been identified. Existing water and waste
water facilities will not be impacted by this development. The electric utility has
sufficient capacity to support the development. It is not anticipated that this will impact
schools. The Grand Island Public School system was notified of this application prior to
consideration of this plan by the Grand Island CRA, Regional Planning Commission or
City Council. Fire and police protection are available and should not be negatively
impacted by this development though any additional development and population may
impact time of service.
(c) Impacts on employers and employees of firms locating or expanding within the
boundaries of the area of the redevelopment project;
The initial construction of these units will provide jobs. It is possible that some
smaller trade related firms would locate in one of these units.
Grand Island Regular Meeting - 8/11/2021 Page 68 / 76
(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.
(e) Impacts on student populations of school districts within the City or Village:
This development will not have an impact on the Grand Island School system as there
is no residential development intended with this proposal.
(f) Any other impacts determined by the authority to be relevant to the
consideration of costs and benefits arising from the redevelopment project.
This property was first subdivided in 1887 and there has been no development on it
since that time. A review of the aerial photography of the City of Grand Island shows no
development in 1937 the earliest photos and none on any photos since that time.
Time Frame for Development
Development of this project is anticipated to be completed during between October of
2021 and December of 2024. 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 2023 with taxes due in 2024. 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 on each phase or an amount not to exceed
$1,307,858. The developer will spend $1,476,259 on eligible activities based on the
estimates presented.
Grand Island Regular Meeting - 8/11/2021 Page 69 / 76
Procon Flex Industrial Area 5
COMMUNITY REDEVELOPMENT AUTHORITY
OF THE CITY OF GRAND ISLAND, NEBRASKA
RESOLUTION NO. 359
RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY
OF GRAND ISLAND, NEBRASKA, SUBMITTING A PROPOSED
REDEVELOPMENT CONTRACT 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 11th day of August, 2021
COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF
GRAND ISLAND, NEBRASKA.
By___________________________
Chairperson
ATTEST:
__________________________
Secretary
Grand Island Regular Meeting - 8/11/2021 Page 70 / 76
Procon Flex Industrial Area 5
COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND,
NEBRASKA
RESOLUTION NO. 360
RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA, PROVIDING NOTICE OF INTENT TO ENTER INTO A
REDEVELOPMENT CONTRACT AFTER THE PASSAGE OF 30 DAYS AND OTHER
MATTERS
WHEREAS, this Community Redevelopment Authority of the City of Grand Island, Nebraska ("Authority"), has received an Application for Tax Increment Financing under
the Nebraska Community Development Law (the “Act”) on a project within
Redevelopment Area, from Procon Properties LLC, (The "Developer") for redevelopment
of Lots One (1) through Six (6) inclusive of Sunny Side Third Subdivision, an area within
the city limits of the City of Grand Island, as set forth in Exhibit 1 attached hereto area; and
WHEREAS, this Community Redevelopment Authority of the City of Grand
Island, Nebraska ("Authority"), is proposing to use Tax Increment Financing on a project
within Redevelopment Area 5;
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
Section 1. In compliance with section 18-2114 of the Act, the Authority hereby gives
the governing body of the City notice that it intends to enter into the Redevelopment Contract,
attached as Exhibit 1, with such changes as are deemed appropriate by the Authority, after
approval of the redevelopment plan amendment related to the redevelopment project
described in the Redevelopment Contract, and after the passage of 30 days from the date
hereof.
Section 2. The Secretary of the Authority is directed to file a copy of this resolution
with the City Clerk of the City of Grand Island, forthwith.
Passed and approved this 11th day of August, 2021.
COMMUNITY REDEVELOPMENT
AUTHORITY OF THE CITY OF GRAND
ISLAND, NEBRASKA.
By ___________________________
Chairperson
ATTEST:
___________________
Secretary
Grand Island Regular Meeting - 8/11/2021 Page 71 / 76
Procon Flex Industrial Area 5
Exhibit 1
Legal Description:
Lots One (1) through Six (6) Sunny Side Third Subdivision, in the City of Grand Island, Hall County,
Nebraska.
Grand Island Regular Meeting - 8/11/2021 Page 72 / 76
Community Redevelopment
Authority (CRA)
Wednesday, August 11, 2021
Regular Meeting
Item K1
2021 -2022 Budget
Staff Contact:
Grand Island Regular Meeting - 8/11/2021 Page 73 / 76
2021 2020-2021 2022
BUDGET YE Projected BUDGET
CONSOLIDATED
Beginning Cash 677,632 677,632 548,785
REVENUE:
Property Taxes - CRA 504,203 504,203 524,191
Property Taxes - Lincoln Pool 195,805 195,805 196,818
Property Taxes -TIF's 4,858,000 4,858,000 5,400,000
Loan Income (Poplar Street Water Line) 20,000 16,000 20,000
Interest Income - CRA 10,000 10,000 10,000
Land Sales -
Other Revenue - CRA 200,000 200,000 200,000
Other Revenue - TIF's
TOTAL REVENUE 5,788,008 5,784,008 6,351,008
TOTAL RESOURCES 6,465,640 6,461,640 6,899,793
EXPENSES
Auditing & Accounting 3,000 3,000 3000
Legal Services 3,000 500 3000
Consulting Services 5,000 - 5000
Contract Services 75,000 65,000 75000
Printing & Binding 1,000 - 1000
Other Professional Services 16,000 200 16000
General Liability Insurance 250 - 250
Postage 200 100 250
Legal Notices 500 250 500
Travel & Training 4,000 - 4000
Other Expenditures - -
Office Supplies 1,000 1000
Supplies 300 200 300
Land 30,000 30000
Bond Principal - Lincoln Pool 185,000 185,000 190000
Bond Interest- Lincoln Pool 10,805 10,805 6817.5
Husker Harvest Days Payment (Year 4 of 10 Nov 2021) 200,000 200,000 200000
Façade Improvement 200,000 160,000 250000
Building Improvement 670,000 268,000 500000
Other Projects 200,000 162,000 200000
TIF Payments 4,857,800 4,857,800 5400000
TOTAL EXPENSES 6,462,855 5,912,855 6,886,118
INCREASE(DECREASE) IN CASH (674,847) (128,847) (535,109)
ENDING CASH 2,785 548,785 13,676
COMMUNITY REDEVELOPMENT AUTHORITY
2022 BUDGET
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