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 - 9/23/2021 Page 27 / 27