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09-23-2021 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Thursday, September 23, 2021 Regular Meeting Packet Board Members: Tom Gdowski - Chairman Glen Murray – Vice Chairman Sue Pirnie Glenn Wilson Krae Dutoit 9:00 AM Grand Island Regular Meeting - 9/23/2021 Page 1 / 27 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 - 9/23/2021 Page 2 / 27 Community Redevelopment Authority (CRA) Thursday, September 23, 2021 Regular Meeting Item A1 Agenda September 23, 2021 Staff Contact: Grand Island Regular Meeting - 9/23/2021 Page 3 / 27 Grand Island Regular Meeting - 9/23/2021 Page 4 / 27 COMMUNITY REDEVELOPMENT AUTHORITY AGENDA MEMORANDUM 9 a.m. Thursday, September 23, 2021 2. APPROVAL OF MINUTES. The minutes of the Community Redevelopment Authority meeting September 8, 2021 are submitted for approval. A MOTION is in order. 3. APPROVAL OF FINANCIAL REPORTS. Financial reports for the period of August 1 through August 31, 2021 are submitted for approval. A MOTION is in order. 4. APPROVAL OF BILLS. Payment of bills in the amount of $1,848,868.89 is submitted for approval. It is possible that a new schedule of bill will be sent out prior to the meeting. A MOTION is in order. 5. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. 6. DIRECTOR’S REPORT. 7. ADJOURNMENT Chad Nabity Director Grand Island Regular Meeting - 9/23/2021 Page 5 / 27 Community Redevelopment Authority (CRA) Thursday, September 23, 2021 Regular Meeting Item B1 Minutes September 8, 2021 Staff Contact: Grand Island Regular Meeting - 9/23/2021 Page 6 / 27 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF September 8, 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 September 8, 2021 at City Hall, 100 E. First Street. Notice of the meeting was given in the September 1, 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, Assistant Finance Director Brian Schultz and Councilman Vaugh Minton. 2.APPROVAL OF MINUTES. A motion for approval of the Minutes for the August 11, 2021 was made by Qualsett and second by Truell. Upon roll call vote, all present voted aye. Motion carried 4-0 3.APPROVAL OF FINANCIAL REPORTS. Review of Financials will be done at the September 23rd meeting. 4.APPROVAL OF BILLS. Review of Bills will be done at the September 23rd meeting. 5.REVIEW OF COMMITTED PROJECTS & CRA PROPERTY. Review of Committed Projects and CRA Projects will be done at the meeting on September 23. 6.Redevelopment Plan Amendment for CRA Area #5-Procon Flex Industrial. a.Consideration of Resolution 361 – Forward a Redevelopment Plan Amendment to the Grand Island City Council for Lots 1 through 6 of Sunny Side Third Subdivision – Procon Properties LLC Nabity stated Regional Planning Commission did hold a public meeting and recommended approval. The request now is to send it on to city council for consideration of the redevelopment plan. Grand Island Regular Meeting - 9/23/2021 Page 7 / 27 A motion was made by Truell and second by Dutoit to approve resolution 361. Upon roll call vote, all present voted. 3 – aye and 1 abstained - Qualsett. Motion carried 3-1. 7.Redevelopment Plan Amendment for CRA Area #32-3MJR LLC. a. Consideration of Resolution 362 – Forward a Redevelopment Plan Amendment to the Hall County Regional Planning Commission for property to be redeveloped as Jaxson Subdivision located west of North Road and south of Old Potash Highway – 3MJR, LLC b.Consideration of Resolution 363 – Resolution of Intent to enter into a Site Specific Redevelopment Contract and Approval of related actions 30-day notice to city council for property to be redeveloped as Jaxson Subdivision located west of North Road and south of Old Potash Highway – 3MJR, LLC Nabity stated the proposals calls for redevelopment of this property for residential purposes with 192 apartments for persons 55 years and older. The plan requests $7,460.038 in tax increment financing along with associated interest on TIF bonds. Gdowski asked if there are other age restricted projects under consideration at this time by the city. Nabity stated that there are none that he has been contacted about. CRA discussed the number of age restricted units that were projected to be needed in the 2020 housing study. They agreed that the need for age restricted housing does exist as does a need for any type of new housing. A motion was made by Dutoit and second by Truell to approve resolution 363. Upon roll call vote, all present voted aye. Motion carried 4-0. 8. Redevelopment Plan Amendment for CRA Area #33 – Innate Development 2, LLC. a. Consideration of Resolution 364 – Forward a Redevelopment Plan Amendment to the Hall County Regional Planning Commission for property to be redeveloped as Husker Highway Subdivision – Innate Development 2LLC – Innate Development 2, LLC b. Consideration of Resolution 365 – Resolution of Intent to enter into a Site Specific Redevelopment Contract and Approval of related actions 30-day notice to city council for property to be redeveloped as Husker Highway Subdivision located north of Husker Highway and west of Prairieview Street – Innate Development 2, LLC Grand Island Regular Meeting - 9/23/2021 Page 8 / 27 Nabity stated the project is for 200 acres located north of Husker Highway and west of Prairieview Street. The request calls for redevelopment of this property for mixed use residential and commercial purposes. This plan is both a general plan for the development of the whole property and a specific plan authorizing the use of TIF for the first phase of the development. The area specific plan requests $14,430,226 in tax increment financing along with associated interest on TIF bonds. A motion was made by Qualsett and second by Truell to approve Resolutions 364 and Resolution 365. Upon roll call vote, all present voted aye. Motion carried 4-0. 9.Director’s Report Adjournment 10.Adjournment at 4:40 P.M. Next meeting 4:00 P.M September 23, 2021 Respectfully Submitted, Norma Hernandez Administrative Assistant Grand Island Regular Meeting - 9/23/2021 Page 9 / 27 Community Redevelopment Authority (CRA) Thursday, September 23, 2021 Regular Meeting Item C1 CRA August 2021 Financials Staff Contact: Grand Island Regular Meeting - 9/23/2021 Page 10 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 551,682 677,632 REVENUE: Property Taxes - CRA 10,913 377,601 504,203 126,602 74.89% Property Taxes - Lincoln Pool 2,655 122,744 195,805 73,061 62.69% Property Taxes -TIF's 102,109 2,940,742 4,858,000 2,445,181 60.53% Loan Income (Poplar Street Water Line) - - 20,000 20,000 0.00% Interest Income - CRA - 2,983 10,000 7,017 29.83% Interest Income - TIF'S - - - - Land Sales - - - - #DIV/0! Other Revenue - CRA 43 13,723 200,000 186,277 6.86% Other Revenue - TIF's - - - - TOTAL REVENUE 115,720 3,457,794 5,788,008 2,858,137 59.74% TOTAL RESOURCES 667,403 3,457,794 6,465,640 2,858,137 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 4,071 50,139 75,000 24,861 66.85% 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 58 138 500 362 27.51% 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 - 319,477 200,000 - 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 20,350 2,834,683 4,857,800 2,023,117 58.35% Bond Interest-TIF's - - - - Interest Expense - - - - TOTAL EXPENSES 24,480 3,630,334 6,462,855 2,952,523 56.17% INCREASE(DECREASE) IN CASH 91,241 (172,540) (674,847) ENDING CASH 642,923 (172,540) 2,785 - CRA CASH 438,243 Lincoln Pool Tax Income Balance 91,309 TIF CASH 113,371 Total Cash 642,923 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 2021 Grand Island Regular Meeting - 9/23/2021 Page 11 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 2021 GENERAL OPERATIONS: Property Taxes - CRA 10,913 377,601 504,203 126,602 74.89% Property Taxes - Lincoln Pool 2,655 122,744 195,805 73,061 62.69% Interest Income 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 43 13,723 200,000 186,277 6.86% TOTAL 13,611 517,052 930,008 412,956 55.60% 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 184 11,390 - TOTAL 184 11,390 - - CASEY'S @ FIVE POINTS Property Taxes 7,629 - TOTAL - 7,629 - - SOUTH POINTE HOTEL PROJECT Property Taxes 43,273 90,810 - TOTAL 43,273 90,810 - - 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 - 9/23/2021 Page 12 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 2021 TOKEN PROPERTIES RUBY Property Taxes 1,683 - TOTAL - 1,683 - - GORDMAN GRAND ISLAND Property Taxes 41,139 122,046 - TOTAL 41,139 122,046 - - 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 2,590 84,208 - TOTAL 2,590 84,208 - - 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 - 9/23/2021 Page 13 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 2021 WENN HOUSING PROJECT Property Taxes 4,956 (4,956) TOTAL - 4,956 - (4,956) COPPER CREEK 2014 HOUSES Property Taxes 2,298 276,169 (276,169) TOTAL 2,298 276,169 - (276,169) 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 13,918 (13,918) TOTAL - 13,918 - (13,918) COPPER CREEK 2015 HOUSES Property Taxes 9,831 202,377 - (202,377) TOTAL 9,831 202,377 - (202,377) 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 100,313 (100,313) TOTAL - 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 - 9/23/2021 Page 14 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 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 2,799 (2,799) TOTAL - 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 126,040 (126,040) TOTAL - 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 2,795 8,752 (8,752) TOTAL 2,795 8,752 - (8,752) 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 - 9/23/2021 Page 15 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 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 115,720 3,457,794 5,788,008 4,381,215 59.74% - - Grand Island Regular Meeting - 9/23/2021 Page 16 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 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 4,071 50,139 75,000 24,861 66.85% 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 58 138 500 362 27.51% 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 319,477 200,000 - 159.74% Building Improvement 18,736 670,000 651,264 0.00% Other Projects - 200,000 200,000 0.00% TOTAL CRA EXPENSES 4,129 795,652 1,605,055 929,405 49.57% WALNUT HOUSING PROJECT Bond Principal - - - Bond Interest - - - TOTAL - - - - GIRARD VET CLINIC Bond Principal 11,025 - - TOTAL - 11,025 - - GEDDES ST APTS - PROCON Bond Principal 17,622 - - TOTAL - 17,622 - - SOUTHEAST CROSSINGS Bond Principal 10,539 - - TOTAL - 10,539 - - POPLAR STREET WATER Bond Principal 43 11,206 - - TOTAL 43 11,206 - - CASEY'S @ FIVE POINTS Bond Principal 7,629 - - TOTAL - 7,629 - - Grand Island Regular Meeting - 9/23/2021 Page 17 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 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 2,419 81,617 - - TOTAL 2,419 81,617 - - CHIEF INDUSTRIES AURORA COOP Bond Principal 20,968 - - TOTAL - 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 - 9/23/2021 Page 18 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 2021 AUTO ONE INC Bond Principal 8,162 - - TOTAL - 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 372 273,871 - - TOTAL 372 273,871 - - 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 12,678 13,918 - - TOTAL 12,678 13,918 - - COPPER CREEK 2015 HOUSES Bond Principal 1,771 192,547 - - TOTAL 1,771 192,547 - 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 - 9/23/2021 Page 19 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 2021 TALON APARTMENTS Bond Principal 158 100,313 - - TOTAL 158 100,313 - 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 1,334 2,799 - - TOTAL 1,334 2,799 - 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 125,179 - - TOTAL - 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 - 9/23/2021 Page 20 / 27 MONTH ENDED 2020-2021 2021 REMAINING % OF BUDGET August-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF AUGUST 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 860 4,697 - - TOTAL 860 4,697 - GRAND ISLAND HOTEL Bond Principal 29,647 - - TOTAL - 29,647 - PARAMOUNT OLD SEARS Bond Principal 716 716 - - TOTAL 716 716 - CENTRAL NE TRUCK WASH Bond Principal 21,993 - - TOTAL - 21,993 - TOTAL EXPENSES 24,480 3,630,334 6,462,855 5,787,205 56.17% Grand Island Regular Meeting - 9/23/2021 Page 21 / 27 Community Redevelopment Authority (CRA) Thursday, September 23, 2021 Regular Meeting Item D1 Bill September 2021 Staff Contact: Grand Island Regular Meeting - 9/23/2021 Page 22 / 27 Grand Island Regular Meeting - 9/23/2021 Page 23 / 27 Grand Island Regular Meeting - 9/23/2021 Page 24 / 27 Grand Island Regular Meeting - 9/23/2021 Page 25 / 27 Community Redevelopment Authority (CRA) Thursday, September 23, 2021 Regular Meeting Item E1 Review of Committed Projects and CRA Properties Staff Contact: Grand Island Regular Meeting - 9/23/2021 Page 26 / 27 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 Southeast Commons 1201 S Locust (12/9/20) $ 100,000.00 $ 100,000.00 Summer 2021 Total Committed $ 235,000.00 $ 235,000.00 $ - $ - 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 August 31, 2021 Grand Island Regular Meeting - 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