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01-12-2022 Community Redevelopment Authority Regular Meeting Packet Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 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 - 1/12/2022 Page 1 / 93 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 - 1/12/2022 Page 2 / 93 Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 Regular Meeting Item A1 Agenda - 1-12-22 Staff Contact: Grand Island Regular Meeting - 1/12/2022 Page 3 / 93 Grand Island Regular Meeting - 1/12/2022 Page 4 / 93 Grand Island Regular Meeting - 1/12/2022 Page 5 / 93 COMMUNITY REDEVELOPMENT AUTHORITY AGENDA MEMORANDUM 4 p.m. Wednesday, January 12, 2022 2. APPROVAL OF MINUTES. The minutes of the Community Redevelopment Authority meeting December 2, 2021 are submitted for approval. A MOTION is in order. 3. APPROVAL OF FINANCIAL REPORTS. Financial reports for November 1-30 and and December 1-31 are included in the packet for review and approval. 4. APPROVAL OF BILLS. Payment of bills in the amount of $23,121.53 5. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. 6. REDEVELOPMENT PLAN FOR CRA AREA #1 – BARTENBACH BUILDING – ARTISAN’S ALLEY LLC Concerning a redevelopment plan for CRA Area No. 1 for redevelopment of the Bartenbach Building at 118 W. 2nd Street. The request calls for redevelopment of this property for commercial and residential purposes with 10 apartments, office and retail space. The plan requests $522,064 in tax increment financing along with associated interest on the TIF bonds. The Regional Planning Commission will recommended approval at their meeting on January 5, 2022. Planning Commission resolution 2022-06 is included in the packet. The CRA may forward the plan to the recommend approval and forward the plan to the Grand Island City Council. A MOTION to approve Resolution 376 (forward the Grand Island City Council) is in order. 7. REDEVELOPMENT PLAN FOR CRA AREA #1 – NIKODYM THIRD SUBDIVISION –JNIK LLC Concerning a redevelopment plan for CRA Area No. 1 for redevelopment of the property located north of Bismark Road and east of Cherry Street including 1010 Bismark Road. The request calls for redevelopment of this property for the creation of 47 residential lots and renovating the commercial space at 1010 E. Bismark Road. The plan requests $3,831,000 in tax increment financing along with associated interest on the TIF bonds. The CRA may forward the plan to the Regional Planning Commission for review and give 30-day notice to the Grand Island City Council of a potential development contract. A MOTION to approve Resolution 377 (forward to Regional Planning Commission) and Resolution 378 (30-day intent notice to city council) is in order. Grand Island Regular Meeting - 1/12/2022 Page 6 / 93 8. DIRECTOR’S REPORT. a.Veteran’s Home Property and Veteran’s Legacy South 9. ADJOURNMENT Chad Nabity Director Grand Island Regular Meeting - 1/12/2022 Page 7 / 93 Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 Regular Meeting Item B1 Minutes - December 2, 2021 Staff Contact: Grand Island Regular Meeting - 1/12/2022 Page 8 / 93 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF December 2, 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 November 10, 2021 at City Hall, 100 E. First Street. Notice of the meeting was given in the November 24, 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, Sue Pirnie and Also present were: Council Member Vaughn Minton, Assistant Finance Director Brian Shultz, Director Chad Nabity and Planning Rashad Moxey. 2.APPROVAL OF MINUTES. A motion for approval of the Minutes for the November 10, 2021 was made by Dutoit and second by Qualsett. Upon roll call vote, all present voted aye. Motion carried 4-0 3.APPROVAL OF FINANCIAL REPORTS. Financial reports will be reviewed at the January meeting. 4.APPROVAL OF BILLS A motion was made by Dutoit and second by Pirnie to approve the bills for $5,898.26. Upon roll call vote, all present voted aye. Motion carried 4-0. 5.REVIEW OF COMMITED PROJECTS & CRA PROPERTY. The committed projects and CRA projects were reviewed by Nabity. Hedde Building –Plans are in for the apartments and moving forward Azure – will be done in February Rawr Holdings – will find out if moving forward South Locust property – still available Grand Island Regular Meeting - 1/12/2022 Page 9 / 93 6.Approval of Redevelopment Contract for CRA Area #32 – Jaxson Subdivision – 3MJR LLC. a.Consideration of Resolution 374 – Bond Resolution for Jaxon Subdivision project on property west of North Road and south of Old Potash Highway 3MJR LLC A motion was made by Qualsett and second by Dutoit to approve redevelopment contract for CRA Area #32 – Jaxson Subdivision – 3MJR LLC and Resolution 374. Upon roll call vote, all present voted aye. Motion carried 4-0. 7.Redevelopement Plan Amendment CRA Area 1 – Bartenbach Building – 118 W. 2nd Street. a.Consideration of Resolution 370 – Forward a Redevelopment Plan Amendment to the Hall County Regional Planning Commission for 118 W. 2nd Street, W 1/3 of Lot Six and all of Lot Five of Block Sixty Six Grand Island Original Town Artisan’s Alley LLC. b.Consideration of Resolution 371 – Resolution of Intent to enter into a Site Specific Redevelopment Contract and Approval of related actions 30-day notice to city council for 118 W. 2nd Street, W 1/3 of Lot Six and all of Lot Five of Block Sixty Six Grand Island Original Town – Artisan’s Alley LLC Nabity stated the proposal is concerning a redevelopment plan for CRA Area No. 1 for redevelopment of the Bartenbach Building at 118 W. 2nd Street. The plan requests $522,064 in tax increment financing. A motion was made by Pirnie and second by Dutoit to approve Resolution 370 and Resolution 371. Upon roll call vote, all present voted aye. Motion carried 4-0. 8.Redevelopment Plan Amendment CRA Area 6 – 620 W. State Street a.Consideration of Resolution 375 – Forward a Redevelopment Plan Amendment to the Grand Island City Council for 620 W. State Street, Lot Two of Skag-Way Fourth Subdivision, Lots One and Two Nattrass Subdivision and Lot 9 Home Subdivision – Mesner Development Company Grand Island Regular Meeting - 1/12/2022 Page 10 / 93 Nabity stated the redevelopment plan was forwarded to Regional Planning Commission last month. The request calls for redevelopment for residential purposes on property located north of State Street and west of Wheeler Avenue. The plan requests $1,767,409 in tax increment financing along with associated interest on TIF bonds. A motion was made by Qualsett and second by Dutoit to approve resolution 375. Upon roll call vote, all present voted aye. Motion carried 4-0. 9.Director’s Report a. Veteran’s Home Property and Veteran’s Legacy South. Nabity stated he requested quotes for the Veteran’s Legacy South preliminary plat located between Capital Ave and Hwy 2. Lowest quote received was from Olsson Associates. The total bid was $18,000 Next meeting Wednesday, January 12, 2022 at 4 p.m. Respectfully Submitted, Norma Hernandez Grand Island Regular Meeting - 1/12/2022 Page 11 / 93 Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 Regular Meeting Item C1 CRA November 2021 & December 2021 Financials Staff Contact: Grand Island Regular Meeting - 1/12/2022 Page 12 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 525,003 548,785 REVENUE: Property Taxes - CRA 5,049 18,749 524,191 505,442 3.58% Property Taxes - Lincoln Pool 1,889 7,175 196,818 189,643 3.65% Property Taxes -TIF's - 4,460 5,400,000 5,396,903 0.08% Loan Income (Poplar Street Water Line) - - 20,000 20,000 0.00% Interest Income - CRA 168 524 10,000 9,476 5.24% Interest Income - TIF'S - - - - Land Sales - - - - #DIV/0! Other Revenue - CRA - 322 200,000 199,678 0.16% Other Revenue - TIF's - - - - TOTAL REVENUE 7,106 31,230 6,351,009 6,321,142 0.49% TOTAL RESOURCES 532,109 31,230 6,899,794 6,321,142 EXPENSES Auditing & Accounting - - 3,000 3,000 0.00% Legal Services - - 3,000 3,000 0.00% Consulting Services - - 5,000 5,000 0.00% Contract Services - 4,122 75,000 70,878 5.50% Printing & Binding - - 1,000 1,000 0.00% Other Professional Services - - 16,000 16,000 0.00% General Liability Insurance - - 250 250 0.00% Postage - - 250 250 0.00% Legal Notices 53 53 500 447 10.63% Travel & Training - - 4,000 4,000 0.00% Other Expenditures - - - - Office Supplies - - 1,000 1,000 0.00% Supplies - - 300 300 0.00% Land - - 30,000 30,000 Bond Principal - Lincoln Pool 190,000 190,000 190,000 - 100.00% Bond Interest 4,478 4,478 6,818 2,340 65.68% Fiscal Agent Fees/Bond Costs - - - - Husker Harvest Days - 200,000 200,000 - 100.00% Façade Improvement - - 250,000 250,000 0.00% Building Improvement 85,000 135,000 500,000 365,000 27.00% Other Projects - - 200,000 200,000 0.00% Bond Principal-TIF's - - 5,400,000 5,400,000 0.00% Bond Interest-TIF's - - - - Interest Expense - - - - TOTAL EXPENSES 279,531 533,652 6,886,118 6,352,465 7.75% INCREASE(DECREASE) IN CASH (272,425) (502,423) (535,109) ENDING CASH 252,579 (502,423) 13,677 - CRA CASH 286,177 Lincoln Pool Tax Income Balance (38,635) TIF CASH 5,037 Total Cash 252,579 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 Grand Island Regular Meeting - 1/12/2022 Page 13 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 GENERAL OPERATIONS: Property Taxes - CRA 5,049 18,749 524,191 505,442 3.58% Property Taxes - Lincoln Pool 1,889 7,175 196,818 189,643 3.65% Interest Income 168 524 10,000 9,476 5.24% Loan Income (Poplar Street Water Line) - 20,000 20,000 0.00% Land Sales - - #DIV/0! Other Revenue & Motor Vehicle Tax 322 200,000 199,678 0.16% TOTAL 7,106 26,770 951,009 924,239 2.81% GIRARD VET CLINIC Property Taxes - - TOTAL - - - - GEDDES ST APTS-PROCON Property Taxes - - TOTAL - - - - SOUTHEAST CROSSING Property Taxes - - TOTAL - - - - POPLAR STREET WATER Property Taxes 1,076 - TOTAL - 1,076 - - CASEY'S @ FIVE POINTS Property Taxes - - TOTAL - - - - SOUTH POINTE HOTEL PROJECT Property Taxes - - TOTAL - - - - TOKEN PROPERTIES RUBY Property Taxes - - TOTAL - - - - GORDMAN GRAND ISLAND Property Taxes - - TOTAL - - - - BAKER DEVELOPMENT INC Property Taxes - - TOTAL - - - - STRATFORD PLAZA INC Property Taxes - - TOTAL - - - - COPPER CREEK 2013 HOUSES Property Taxes - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 14 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 FUTURE TIF'S Property Taxes - 5,400,000 5,400,000 TOTAL - - 5,400,000 5,400,000 CHIEF INDUSTRIES AURORA COOP Property Taxes - - TOTAL - - - - TOKEN PROPERTIES KIMBALL ST Property Taxes - - TOTAL - - - - GI HABITAT OF HUMANITY Property Taxes - - TOTAL - - - - AUTO ONE INC Property Taxes - - TOTAL - - - - EIG GRAND ISLAND Property Taxes - - TOTAL - - - - TOKEN PROPERTIES CARY ST Property Taxes - - TOTAL - - - - WENN HOUSING PROJECT Property Taxes - - TOTAL - - - - COPPER CREEK 2014 HOUSES Property Taxes 2,435 (2,435) TOTAL - 2,435 - (2,435) TC ENCK BUILDERS Property Taxes - - TOTAL - - - - SUPER MARKET DEVELOPERS Property Taxes - - TOTAL - - - - MAINSTAY SUITES Property Taxes - - TOTAL - - - - TOWER 217 Property Taxes - - TOTAL - - - - COPPER CREEK 2015 HOUSES Property Taxes 662 - (662) TOTAL - 662 - (662) Grand Island Regular Meeting - 1/12/2022 Page 15 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 NORTHWEST COMMONS Property Taxes - - - TOTAL - - - - HABITAT - 8TH & SUPERIOR Property Taxes - - TOTAL - - - - KAUFMAN BUILDING Property Taxes - - TOTAL - - - - TALON APARTMENTS Property Taxes - - TOTAL - - - - VICTORY PLACE Property Taxes - - TOTAL - - - - THINK SMART Property Taxes - - TOTAL - - - - BOSSELMAN HQ Property Taxes - - TOTAL - - - - TALON APARTMENTS 2017 Property Taxes - - TOTAL - - - - WEINRICH DEVELOPMENT Property Taxes - - TOTAL - - - - WING WILLIAMSONS Property Taxes - - TOTAL - - - - HATCHERY HOLDINGS Property Taxes - - TOTAL - - - - FEDERATION LABOR TEMPLE Property Taxes - - TOTAL - - - - MIDDLETON PROPERTIES II Property Taxes - - TOTAL - - - - COPPER CREEK 2016 HOUSES Property Taxes - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 16 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 MENDEZ ENTERPRISES LLC PHASE 1 Property Taxes - - TOTAL - - - - EAST PARK ON STUHR Property Taxes - - TOTAL - - - - TAKE FLIGHT INVESTMENTS Property Taxes - - TOTAL - - - - PRATARIA VENTURES HOSPITAL Property Taxes - - TOTAL - - - - AMMUNITION PLANT Property Taxes - - TOTAL - - - - URBAN ISLAND LLC Property Taxes - - TOTAL - - - - PEACEFUL ROOT Property Taxes - - TOTAL - - - - TALON 2019 LOOKBACK Property Taxes - - TOTAL - - - - COPPER CREEK PH2 2019 LOOKBACK Property Taxes 287 (287) TOTAL - 287 - (287) GRAND ISLAND HOTEL Property Taxes - - TOTAL - - - - PARAMOUNT OLD SEARS Property Taxes - - TOTAL - - - - CENTRAL NE TRUCK WASH Property Taxes - - TOTAL - - - - TOTAL REVENUE 7,106 31,230 6,351,009 6,321,142 0.49% - - Grand Island Regular Meeting - 1/12/2022 Page 17 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting - 3,000 3,000 0.00% Legal Services - 3,000 3,000 0.00% Consulting Services - 5,000 5,000 0.00% Contract Services 4,122 75,000 70,878 5.50% Printing & Binding - 1,000 1,000 0.00% Other Professional Services - 16,000 16,000 0.00% General Liability Insurance - 250 250 0.00% Postage - 250 250 0.00% Legal Notices 53 53 500 447 10.63% Travel & Training - 4,000 4,000 0.00% Other Expenditures - - Office Supplies - 1,000 1,000 0.00% Supplies - 300 300 0.00% Land - 30,000 30,000 0.00% Bond Principal - Lincoln Pool 190,000 190,000 190,000 - 100.00% Bond Interest - Lincoln Pool 4,478 4,478 6,818 2,340 65.68% Fiscal Agent Fees/Bond Costs - - #DIV/0! PROJECTS Husker Harvest Days 200,000 200,000 - 100.00% Façade Improvement - 250,000 250,000 0.00% Building Improvement 85,000 135,000 500,000 365,000 0.00% Other Projects - 200,000 200,000 0.00% TOTAL CRA EXPENSES 279,531 533,652 1,486,118 952,465 35.91% GIRARD VET CLINIC Bond Principal - - - TOTAL - - - - GEDDES ST APTS - PROCON Bond Principal - - - TOTAL - - - - SOUTHEAST CROSSINGS Bond Principal - - - TOTAL - - - - POPLAR STREET WATER Bond Principal - - - TOTAL - - - - CASEY'S @ FIVE POINTS Bond Principal - - - TOTAL - - - - SOUTH POINTE HOTEL PROJECT Bond Principal - - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 18 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 TOKEN PROPERTIES RUBY Bond Principal - - - TOTAL - - - - GORDMAN GRAND ISLAND Bond Principal - - - TOTAL - - - - BAKER DEVELOPMENT INC Bond Principal - - - TOTAL - - - - STRATFORD PLAZA LLC Bond Principal - - - TOTAL - - - - COPPER CREEK 2013 HOUSES Bond Principal - - - TOTAL - - - - CHIEF INDUSTRIES AURORA COOP Bond Principal - - - TOTAL - - - - TOKEN PROPERTIES KIMBALL STREET Bond Principal - - - TOTAL - - - - GI HABITAT FOR HUMANITY Bond Principal - - - TOTAL - - - - AUTO ONE INC Bond Principal - - - TOTAL - - - - EIG GRAND ISLAND Bond Principal - - - TOTAL - - - - TOKEN PROPERTIES CARY STREET Bond Principal - - - TOTAL - - - - WENN HOUSING PROJECT Bond Principal - - - TOTAL - - - - COPPER CREEK 2014 HOUSES Bond Principal - - - TOTAL - - - - TC ENCK BUILDERS Bond Principal - - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 19 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 SUPER MARKET DEVELOPERS Bond Principal - - - TOTAL - - - - MAINSTAY SUITES Bond Principal - - - TOTAL - - - - TOWER 217 Bond Principal - - - TOTAL - - - - COPPER CREEK 2015 HOUSES Bond Principal - - - TOTAL - - - NORTHWEST COMMONS Bond Principal - - - TOTAL - - - HABITAT - 8TH & SUPERIOR Bond Principal - - - TOTAL - - - KAUFMAN BUILDING Bond Principal - - - TOTAL - - - TALON APARTMENTS Bond Principal - - - TOTAL - - - VICTORY PLACE Bond Principal - - - TOTAL - - - FUTURE TIF'S Bond Principal - 5,400,000 5,400,000 TOTAL - - 5,400,000 5,400,000 THINK SMART Bond Principal - - - TOTAL - - - BOSSELMAN HQ Bond Principal - - - TOTAL - - - TALON APARTMENTS 2017 Bond Principal - - - TOTAL - - - Grand Island Regular Meeting - 1/12/2022 Page 20 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 WEINRICH DEVELOPMENT Bond Principal - - - TOTAL - - - WING WILLIAMSONS Bond Principal - - - TOTAL - - - HATCHERY HOLDINGS Bond Principal - - - TOTAL - - - FEDERATION LABOR TEMPLE Bond Principal - - - TOTAL - - - MIDDLETON PROPERTIES II Bond Principal - - - TOTAL - - - COPPER CREEK 2016 HOUSES Bond Principal - - - TOTAL - - - EAST PARK ON STUHR Bond Principal - - - TOTAL - - - TAKE FLIGHT INVESTMENTS Bond Principal - - - TOTAL - - - PRATARIA VENTURES HOSPITAL Bond Principal - - - TOTAL - - - AMMUNITION PLANT Bond Principal - - - TOTAL - - - URBAN ISLAND LLC Bond Principal - - - TOTAL - - - PEACEFUL ROOT Bond Principal - - - TOTAL - - - TALON 2019 LOOKBACK Bond Principal - - - TOTAL - - - COPPER CREEK PH2 2019 LOOKBACK Bond Principal - - - TOTAL - - - Grand Island Regular Meeting - 1/12/2022 Page 21 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET November-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF NOVEMBER 2021 GRAND ISLAND HOTEL Bond Principal - - - TOTAL - - - PARAMOUNT OLD SEARS Bond Principal - - - TOTAL - - - CENTRAL NE TRUCK WASH Bond Principal - - - TOTAL - - - TOTAL EXPENSES 279,531 533,652 6,886,118 6,352,465 7.75% Grand Island Regular Meeting - 1/12/2022 Page 22 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 251,502 548,785 REVENUE: Property Taxes - CRA 2,221 20,969 524,191 503,222 4.00% Property Taxes - Lincoln Pool 812 7,987 196,818 188,831 4.06% Property Taxes -TIF's 860 10,238 5,400,000 5,391,699 0.19% Loan Income (Poplar Street Water Line) - - 20,000 20,000 0.00% Interest Income - CRA 66 590 10,000 9,410 5.90% Interest Income - TIF'S - - - - Land Sales - - - - #DIV/0! Other Revenue - CRA - 322 200,000 199,678 0.16% Other Revenue - TIF's - - - - TOTAL REVENUE 3,959 40,106 6,351,009 6,312,839 0.63% TOTAL RESOURCES 255,462 40,106 6,899,794 6,312,839 EXPENSES Auditing & Accounting - - 3,000 3,000 0.00% Legal Services - - 3,000 3,000 0.00% Consulting Services - - 5,000 5,000 0.00% Contract Services 5,898 10,020 75,000 64,980 13.36% Printing & Binding - - 1,000 1,000 0.00% Other Professional Services - - 16,000 16,000 0.00% General Liability Insurance - - 250 250 0.00% Postage - - 250 250 0.00% Legal Notices - 53 500 447 10.63% Travel & Training - - 4,000 4,000 0.00% Other Expenditures - - - - Office Supplies - - 1,000 1,000 0.00% Supplies - - 300 300 0.00% Land - - 30,000 30,000 Bond Principal - Lincoln Pool - 190,000 190,000 - 100.00% Bond Interest - 4,478 6,818 2,340 65.68% Fiscal Agent Fees/Bond Costs - - - - Husker Harvest Days - 200,000 200,000 - 100.00% Façade Improvement - - 250,000 250,000 0.00% Building Improvement - 135,000 500,000 365,000 27.00% Other Projects - - 200,000 200,000 0.00% Bond Principal-TIF's - 1,076 5,400,000 5,398,924 0.02% Bond Interest-TIF's - - - - Interest Expense - - - - TOTAL EXPENSES 5,898 540,627 6,886,118 6,345,491 7.85% INCREASE(DECREASE) IN CASH (1,939) (500,521) (535,109) ENDING CASH 249,563 (500,521) 13,677 - CRA CASH 282,565 Lincoln Pool Tax Income Balance (37,822) TIF CASH 4,821 Total Cash 249,563 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 Grand Island Regular Meeting - 1/12/2022 Page 23 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 GENERAL OPERATIONS: Property Taxes - CRA 2,221 20,969 524,191 503,222 4.00% Property Taxes - Lincoln Pool 812 7,987 196,818 188,831 4.06% Interest Income 66 590 10,000 9,410 5.90% Loan Income (Poplar Street Water Line) - 20,000 20,000 0.00% Land Sales - - #DIV/0! Other Revenue & Motor Vehicle Tax 322 200,000 199,678 0.16% TOTAL 3,099 29,868 951,009 921,141 3.14% GIRARD VET CLINIC Property Taxes - - TOTAL - - - - GEDDES ST APTS-PROCON Property Taxes - - TOTAL - - - - SOUTHEAST CROSSING Property Taxes - - TOTAL - - - - POPLAR STREET WATER Property Taxes 1,076 - TOTAL - 1,076 - - CASEY'S @ FIVE POINTS Property Taxes - - TOTAL - - - - SOUTH POINTE HOTEL PROJECT Property Taxes - - TOTAL - - - - TOKEN PROPERTIES RUBY Property Taxes - - TOTAL - - - - GORDMAN GRAND ISLAND Property Taxes - - TOTAL - - - - BAKER DEVELOPMENT INC Property Taxes - - TOTAL - - - - STRATFORD PLAZA INC Property Taxes - - TOTAL - - - - COPPER CREEK 2013 HOUSES Property Taxes - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 24 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 FUTURE TIF'S Property Taxes - 5,400,000 5,400,000 TOTAL - - 5,400,000 5,400,000 CHIEF INDUSTRIES AURORA COOP Property Taxes - - TOTAL - - - - TOKEN PROPERTIES KIMBALL ST Property Taxes - - TOTAL - - - - GI HABITAT OF HUMANITY Property Taxes - - TOTAL - - - - AUTO ONE INC Property Taxes - - TOTAL - - - - EIG GRAND ISLAND Property Taxes - - TOTAL - - - - TOKEN PROPERTIES CARY ST Property Taxes - - TOTAL - - - - WENN HOUSING PROJECT Property Taxes - - TOTAL - - - - COPPER CREEK 2014 HOUSES Property Taxes 287 2,722 (2,722) TOTAL 287 2,722 - (2,722) TC ENCK BUILDERS Property Taxes - - TOTAL - - - - SUPER MARKET DEVELOPERS Property Taxes - - TOTAL - - - - MAINSTAY SUITES Property Taxes - - TOTAL - - - - TOWER 217 Property Taxes - - TOTAL - - - - COPPER CREEK 2015 HOUSES Property Taxes 662 - (662) TOTAL - 662 - (662) Grand Island Regular Meeting - 1/12/2022 Page 25 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 NORTHWEST COMMONS Property Taxes - - - TOTAL - - - - HABITAT - 8TH & SUPERIOR Property Taxes - - TOTAL - - - - KAUFMAN BUILDING Property Taxes - - TOTAL - - - - TALON APARTMENTS Property Taxes - - TOTAL - - - - VICTORY PLACE Property Taxes - - TOTAL - - - - THINK SMART Property Taxes - - TOTAL - - - - BOSSELMAN HQ Property Taxes - - TOTAL - - - - TALON APARTMENTS 2017 Property Taxes - - TOTAL - - - - WEINRICH DEVELOPMENT Property Taxes - - TOTAL - - - - WING WILLIAMSONS Property Taxes - - TOTAL - - - - HATCHERY HOLDINGS Property Taxes - - TOTAL - - - - FEDERATION LABOR TEMPLE Property Taxes - - TOTAL - - - - MIDDLETON PROPERTIES II Property Taxes - - TOTAL - - - - COPPER CREEK 2016 HOUSES Property Taxes - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 26 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 MENDEZ ENTERPRISES LLC PHASE 1 Property Taxes - - TOTAL - - - - EAST PARK ON STUHR Property Taxes - - TOTAL - - - - TAKE FLIGHT INVESTMENTS Property Taxes - - TOTAL - - - - PRATARIA VENTURES HOSPITAL Property Taxes - - TOTAL - - - - AMMUNITION PLANT Property Taxes - - TOTAL - - - - URBAN ISLAND LLC Property Taxes - - TOTAL - - - - PEACEFUL ROOT Property Taxes 4,918 4,918 (4,918) TOTAL 4,918 4,918 - (4,918) TALON 2019 LOOKBACK Property Taxes - - TOTAL - - - - COPPER CREEK PH2 2019 LOOKBACK Property Taxes 574 860 (860) TOTAL 574 860 - (860) GRAND ISLAND HOTEL Property Taxes - - TOTAL - - - - PARAMOUNT OLD SEARS Property Taxes - - TOTAL - - - - CENTRAL NE TRUCK WASH Property Taxes - - TOTAL - - - - TOTAL REVENUE 8,877 40,106 6,351,009 6,317,757 0.63% - - Grand Island Regular Meeting - 1/12/2022 Page 27 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 EXPENSES CRA GENERAL OPERATIONS: Auditing & Accounting - 3,000 3,000 0.00% Legal Services - 3,000 3,000 0.00% Consulting Services - 5,000 5,000 0.00% Contract Services 5,898 10,020 75,000 64,980 13.36% Printing & Binding - 1,000 1,000 0.00% Other Professional Services - 16,000 16,000 0.00% General Liability Insurance - 250 250 0.00% Postage - 250 250 0.00% Legal Notices 53 500 447 10.63% Travel & Training - 4,000 4,000 0.00% Other Expenditures - - Office Supplies - 1,000 1,000 0.00% Supplies - 300 300 0.00% Land - 30,000 30,000 0.00% Bond Principal - Lincoln Pool 190,000 190,000 - 100.00% Bond Interest - Lincoln Pool 4,478 6,818 2,340 65.68% Fiscal Agent Fees/Bond Costs - - #DIV/0! PROJECTS Husker Harvest Days 200,000 200,000 - 100.00% Façade Improvement - 250,000 250,000 0.00% Building Improvement 135,000 500,000 365,000 0.00% Other Projects - 200,000 200,000 0.00% TOTAL CRA EXPENSES 5,898 539,551 1,486,118 946,567 36.31% GIRARD VET CLINIC Bond Principal - - - TOTAL - - - - GEDDES ST APTS - PROCON Bond Principal - - - TOTAL - - - - SOUTHEAST CROSSINGS Bond Principal - - - TOTAL - - - - POPLAR STREET WATER Bond Principal 1,076 - - TOTAL - 1,076 - - CASEY'S @ FIVE POINTS Bond Principal - - - TOTAL - - - - SOUTH POINTE HOTEL PROJECT Bond Principal - - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 28 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 TOKEN PROPERTIES RUBY Bond Principal - - - TOTAL - - - - GORDMAN GRAND ISLAND Bond Principal - - - TOTAL - - - - BAKER DEVELOPMENT INC Bond Principal - - - TOTAL - - - - STRATFORD PLAZA LLC Bond Principal - - - TOTAL - - - - COPPER CREEK 2013 HOUSES Bond Principal - - - TOTAL - - - - CHIEF INDUSTRIES AURORA COOP Bond Principal - - - TOTAL - - - - TOKEN PROPERTIES KIMBALL STREET Bond Principal - - - TOTAL - - - - GI HABITAT FOR HUMANITY Bond Principal - - - TOTAL - - - - AUTO ONE INC Bond Principal - - - TOTAL - - - - EIG GRAND ISLAND Bond Principal - - - TOTAL - - - - TOKEN PROPERTIES CARY STREET Bond Principal - - - TOTAL - - - - WENN HOUSING PROJECT Bond Principal - - - TOTAL - - - - COPPER CREEK 2014 HOUSES Bond Principal - - - TOTAL - - - - TC ENCK BUILDERS Bond Principal - - - TOTAL - - - - Grand Island Regular Meeting - 1/12/2022 Page 29 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 SUPER MARKET DEVELOPERS Bond Principal - - - TOTAL - - - - MAINSTAY SUITES Bond Principal - - - TOTAL - - - - TOWER 217 Bond Principal - - - TOTAL - - - - COPPER CREEK 2015 HOUSES Bond Principal - - - TOTAL - - - NORTHWEST COMMONS Bond Principal - - - TOTAL - - - HABITAT - 8TH & SUPERIOR Bond Principal - - - TOTAL - - - KAUFMAN BUILDING Bond Principal - - - TOTAL - - - TALON APARTMENTS Bond Principal - - - TOTAL - - - VICTORY PLACE Bond Principal - - - TOTAL - - - FUTURE TIF'S Bond Principal - 5,400,000 5,400,000 TOTAL - - 5,400,000 5,400,000 THINK SMART Bond Principal - - - TOTAL - - - BOSSELMAN HQ Bond Principal - - - TOTAL - - - TALON APARTMENTS 2017 Bond Principal - - - TOTAL - - - Grand Island Regular Meeting - 1/12/2022 Page 30 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 WEINRICH DEVELOPMENT Bond Principal - - - TOTAL - - - WING WILLIAMSONS Bond Principal - - - TOTAL - - - HATCHERY HOLDINGS Bond Principal - - - TOTAL - - - FEDERATION LABOR TEMPLE Bond Principal - - - TOTAL - - - MIDDLETON PROPERTIES II Bond Principal - - - TOTAL - - - COPPER CREEK 2016 HOUSES Bond Principal - - - TOTAL - - - EAST PARK ON STUHR Bond Principal - - - TOTAL - - - TAKE FLIGHT INVESTMENTS Bond Principal - - - TOTAL - - - PRATARIA VENTURES HOSPITAL Bond Principal - - - TOTAL - - - AMMUNITION PLANT Bond Principal - - - TOTAL - - - URBAN ISLAND LLC Bond Principal - - - TOTAL - - - PEACEFUL ROOT Bond Principal - - - TOTAL - - - TALON 2019 LOOKBACK Bond Principal - - - TOTAL - - - COPPER CREEK PH2 2019 LOOKBACK Bond Principal - - - TOTAL - - - Grand Island Regular Meeting - 1/12/2022 Page 31 / 93 MONTH ENDED 2021-2022 2022 REMAINING % OF BUDGET December-21 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF DECEMBER 2021 GRAND ISLAND HOTEL Bond Principal - - - TOTAL - - - PARAMOUNT OLD SEARS Bond Principal - - - TOTAL - - - CENTRAL NE TRUCK WASH Bond Principal - - - TOTAL - - - TOTAL EXPENSES 5,898 540,627 6,886,118 6,346,567 7.85% Grand Island Regular Meeting - 1/12/2022 Page 32 / 93 Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 Regular Meeting Item D1 CRA Jan 2022 Bills Staff Contact: Grand Island Regular Meeting - 1/12/2022 Page 33 / 93 Grand Island Regular Meeting - 1/12/2022 Page 34 / 93 Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 Regular Meeting Item E1 CRA December 2021 Committed Projects Staff Contact: Grand Island Regular Meeting - 1/12/2022 Page 35 / 93 COMMITTED PROJECTS REMAINING GRANT AMOUNT 2022 FISCAL YR 2023 FISCAL YR 2024 FISCAL YR ESTIMATED COMP Danny Oberg - 321 E 4th St (10/25/21) $ 43,810.00 $ 43,810.00 Summer 2022 Brandon Flodman - 313 W 2nd St $ 59,783.00 $ 59,783.00 Summer 2022 Azure Investment - 223 W 3rd St (10/25/21) $ 88,000.00 $ 88,000.00 Summer 2022 Take Flight - 213 W 3rd St (10/25/21) $ 49,000.00 $ 49,000.00 Summer 2022 Dave Parmely - 208 N Locust St (10/13/21) $ 13,920.00 $ 13,920.00 Summer 2022 Total Committed $ 254,513.00 $ 254,513.00 $ - $ - 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) $ 260,000.00 $ 260,000.00 Fall 2022 Azure Investment Group (5-12-21) $ 70,000.00 $ 70,000.00 Spring 2022 Rawr Holdings 110 W 2nd (12/12/18) $ 35,000.00 $ 35,000.00 Fall 2022 Total Committed F&L Safety Grant $ 365,000.00 $ 365,000.00 $ - $ - BUDGET 2022 2022 LEFT Façade Budgeted 2022 $ 250,000.00 $ 250,000.00 $ - Other Projects Budgeted 2022 $ 200,000.00 $ 4,513.00 $ 195,487.00 Land - Budgeted 2022 $ 30,000.00 $ - $ 30,000.00 Land Sales Budgeted 2022 $ - $ - $ - subtotal $ 254,513.00 $ 225,487.00 Balance $ 254,513.00 $ 225,487.00 BUDGET PAID LEFT Building Improvements * $ 500,000.00 $ 135,000.00 $ 365,000.00 *Includes Life Safety, Façade, Other grants made in previous fiscal years CRA PROPERTIES Address Purchase Price Purchase Date Demo Cost Status 3235 S Locust (Desert Rose) $450,000 4/2/2010 $39,764 Surplus December 31, 2021 Grand Island Regular Meeting - 1/12/2022 Page 36 / 93 Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 Regular Meeting Item I1 Redevelopment Plan CRA Area 1 - Bartenbach Building 118 W. 2nd Street Staff Contact: Grand Island Regular Meeting - 1/12/2022 Page 37 / 93 Bartenbach Building 118 W 2nd Street Artisan’s Alley LLC Page 1 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 376 A RESOLUTION RECOMMENDING APPROVAL OF A REDEVELOPMENT PLAN OF THE CITY OF GRAND ISLAND, NEBRASKA; RECOMMENDING APPROVAL OF A REDEVELOPMENT PROJECT OF THE CITY OF GRAND ISLAND, NEBRASKA; APPROVING A COST BENEFIT ANALYSIS FOR SUCH PROJECT; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Mayor and Council of the City of Grand Island, Nebraska (the “City”), upon the recommendation of the Planning Commission of the City of Grand Island, Nebraska (the “Planning Commission”), and in compliance with all public notice requirements imposed by the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), duly declared the redevelopment area legally described on Exhibit A attached hereto (the “Redevelopment Area”) to be blighted and substandard and in need of redevelopment; and WHEREAS, pursuant to and in furtherance of the Act, a Redevelopment Plan (the “Redevelopment Plan”), has been prepared by Community Redevelopment Authority of Grand Island, Nebraska, (the “Authority”) pursuant to an application by Aritisan’s Alley LLC. (the “Redeveloper”), in the form attached hereto as Exhibit B, for the purpose of redeveloping Redevelopment Area legally described on Exhibit A, referred to herein as the Project Area (the “Project Area”); and WHEREAS, pursuant to the Redevelopment Plan, the Authority would agree to incur indebtedness and make a grant for the purposes specified in the Redevelopment Plan (the “Project”), in accordance with and as permitted by the Act; and WHEREAS, the Authority has conducted a cost benefit analysis of the Project (the “Cost Benefit Analysis”) pursuant to Section 18-2113 of the Act, a which is included in the Redevelopment Plan attached hereto as Exhibit B; and WHEREAS, the Authority has made certain findings and pursuant thereto has determined that it is in the best interests of the Authority and the City to approve the Redevelopment Plan and approve the Redevelopment Project and to approve the transactions contemplated thereby. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA AS FOLLOWS: Section 1. The Authority has determined that the proposed land uses and building requirements in the Redevelopment Plan for the Project Area are designed with the general purposes of accomplishing, and in conformance with the general plan of the City, a coordinated, adjusted, and harmonious development of the City and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity and the general welfare, as well as efficiency in economy in the process of development; including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provisions for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and communitive facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of unsanitary or unsafe dwelling accommodations, or conditions of blight. Grand Island Regular Meeting - 1/12/2022 Page 38 / 93 Bartenbach Building 118 W 2nd Street Artisan’s Alley LLC Page 2 Section 2. The Authority has conducted a Cost Benefit Analysis for the Project, included in the Redevelopment Plan attached hereto as Exhibit B, in accordance with the Act, and has found and hereby finds that the Project would not be economically feasible without the use of tax increment financing, the Project would not occur in the Project Area without the use of tax increment financing and the costs and benefits of the Project, including costs and benefits to other affected political subdivisions, the economy of the community, and the demand for public and private services, have been analyzed and have been found to be in the long term best interests of the community impacted by the Project. Section 3. In compliance with section 18-2114 of the Act, the Authority finds and determines as follows: (a) the Redevelopment Area constituting the Redevelopment Project will not be acquired by the Authority and the Authority shall receive no proceeds from disposal to the Redeveloper; (b) the estimated cost of project acquisition and the estimated cost of preparation for redevelopment including site work, onsite utilities, renovation and related costs are described in detail in Exhibit B attached hereto; (c) the method of acquisition of the real estate shall be by private contract by the Redeveloper and not by condemnation; and (d) the method of financing the Redevelopment Project shall be by issuance of tax increment revenue bond issued in the approximate amount of $522,064 which shall be granted to the Redeveloper and from additional funds provided by the Redeveloper. No families will be displaced from the Redevelopment Project Area as a result of the project. Section 4. The Authority hereby recommends to the City approval of the Redevelopment Plan and the Redevelopment Project described in the Redevelopment Plan. Section 5. All prior resolutions of the Authority in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 6. This resolution shall be in full force and effect from and after its passage and approval. PASSED AND APPROVED this 12th day of January 2022. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND NEBRASKA ATTEST: By: ___________________________________ Chair By: ___________________________________ Secretary Grand Island Regular Meeting - 1/12/2022 Page 39 / 93 Bartenbach Building 118 W 2nd Street Artisan’s Alley LLC Page 3 EXHIBIT A LEGAL DESCRIPTION OF REDEVELOPMENT PROJECT AREA The West 1/3 of Lot Six (6) and all of Lot Five (5) in Block Sixty-Six (66) in the Original Town, now City of Grand Island, Hall County, Nebraska Grand Island Regular Meeting - 1/12/2022 Page 40 / 93 Bartenbach Building 118 W 2nd Street Artisan’s Alley LLC Page 4 * * * * * EXHIBIT B FORM OF REDEVELOPMENT PLAN Grand Island Regular Meeting - 1/12/2022 Page 41 / 93 Redevelopment Plan Amendment Grand Island CRA Area 1 November 2021 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 1 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 1. Executive Summary: Project Description THE REDEVELOPMENT OF THE BUILDING LOCATED AT 118 W 2nd STREET FOR COMMERCIAL AND RESIDENTIAL USES, INCLUDING FIRE/LIFE SAFETY IMPROVEMENTS AND BUILDING REHABILITATION AND REMODELING. The use of Tax Increment Financing to aid in rehabilitation expenses associated with redevelopment of the entire Bartenbach building located at 118 W. 2nd street. to create 5 new offices facing the private alley, along with resizing and building out the front six units fronting on to Locust street on the lower level of the building to allow for a mixed-use professional office space and retail space.The upper story will have 8- 1 bedroom/1 bath units, 1 2 bedrooms/1 bath unit and a two story loft with 3 bedrooms/2 baths.A rooftop terrace will be added for the second floor units to have a private outdoor space. This project would not be feasible without the use of TIF. Artisans' Alley LLC is the purchasing this building. They are purchasing the property for $550,000. The purchase price is included as an eligible TIF activity. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with the remodeling and rehabilitation of this building. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over the 15 year period beginning January 1, 2023 towards the allowable costs and associated financing for rehabilitation. TAX INCREMENT FINANCING TO PAY FOR THE REHABILITATION OF THE PROPERTY WILL COME FROM THE FOLLOWING REAL PROPERTY: Property Description (the “Redevelopment Project Area”) The second floor and necessary first floor exits and entrances at 118 W. 2nd Street in Grand Island Nebraska. The actual legal will be provided with the master deed for the condominium. Legal Descriptions: The West 1/3 of Lot Six (6) and all of Lot Five (5) in Block Sixty- Six (66) in the Original Town, now City of Grand Island, Hall County, Nebraska. Grand Island Regular Meeting - 1/12/2022 Page 42 / 93 Existing Land Use and Subject Property Grand Island Regular Meeting - 1/12/2022 Page 43 / 93 The tax increment will be captured for the tax years the payments for which become delinquent in years 2023 through 2037 inclusive. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The increase will come from rehabilitation of this portion of the building for commercial and residential uses as permitted in the B3 Heavy Business Zoning District. Statutory Pledge of Taxes. In accordance with Section 18-2147 of the Act and the terms of the Resolution providing for the issuance of the TIF Note, the Authority hereby provides that any ad valorem tax on the Redevelopment Project Area for the benefit of any public body be divided for a period of fifteen years after the effective date of this provision as set forth in the Redevelopment Contract, consistent with this Redevelopment Plan. Said taxes shall be divided as follows: a. That portion of the ad valorem tax which is produced by levy at the rate fixed each year by or for each public body upon the redevelopment project valuation shall be paid into the funds, of each such public body in the same proportion as all other taxes collected by or for the bodies; and b. That portion of the ad valorem tax on real property in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of; the interest on, and any premiums due in connection with the bonds, loans, notes, or advances on money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such Authority for financing or refinancing, in whole or in part, a redevelopment project. When such bonds, loans, notes, advances of money, or indebtedness including interest and premium due have been paid, the Authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon real property in such redevelopment project shall be paid into the funds of the respective public bodies. Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged to the repayment of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in whole or in part, the redevelopment project, including the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness. Redevelopment Plan Amendment Complies with the Act: The Community Development Law requires that a Redevelopment Plan and Project consider and comply with a number of requirements. This Plan Amendment meets the statutory qualifications as set forth below. 1. The Redevelopment Project Area has been declared blighted and substandard by action of the Grand Island City Council on December 19, 2000.[§18-2109] Such Grand Island Regular Meeting - 1/12/2022 Page 44 / 93 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 consistent with the Comprehensive Plan, in that no changes in the Comprehensive Plan elements are intended. This plan merely provides funding for the developer to rehabilitate the building for permitted uses on this property as defined by the current and effective zoning regulations. The Hall County Regional Planning Commission held a public hearing at their meeting on January 5, 2022 and passed Resolution 2022-06 confirming that this project is consistent with the Comprehensive Plan for the City of Grand Island. The Grand Island Public School District has submitted a formal request to the Grand Island CRA to notify the District any time a TIF project involving a housing subdivision and/or apartment complex is proposed within the District. The school district was notified of this plan amendment at the time it was submitted to the CRA for initial consideration. 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 and will be including acquisition as an eligible activity. There is no proposed acquisition by the authority. b. Demolition and Removal of Structures: The project to be implemented with this plan does not provide for the demolition and removal any structures on this property. Demotion of internal structures to accommodate the redevelopment is anticipated and permitted. c. Future Land Use Plan See the attached map from the 2004 Grand Island Comprehensive Plan. All of the area around the site in private ownership is planned for Downtown Commercial development; this includes housing and commercial uses within the same structure. This property is in private ownership. [§18-2103(b) and §18-2111] The attached map also is an accurate site plan of the area after redevelopment. [§18-2111(5)] Grand Island Regular Meeting - 1/12/2022 Page 45 / 93 City of Grand Island Future Land Use Map Grand Island Regular Meeting - 1/12/2022 Page 46 / 93 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned B3-Heavy Business zone. No zoning changes are anticipated with this project. No changes are anticipated in street layouts or grades. No changes are anticipated in building codes or ordinances. Nor are any other planning changes contemplated. [§18-2103(b) and §18-2111] e. Site Coverage and Intensity of Use The developer is rehabilitating the existing building. The developer is not proposing to increase the size of the building and current building meets the applicable regulations regarding 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. . Electric utilities are sufficient for the proposed use of this building. No other utilities would be impacted by the development. The developer will be responsible for replacing any sidewalks damaged during construction of the project. No other utilities would be impacted by the development. [§18-2103(b) and §18-2111] 4. The Act requires a Redevelopment Plan provide for relocation of individuals and families displaced as a result of plan implementation. This property is vacant and has not been used for any residential purposes. [§18-2103.02] 5. No member of the Authority, nor any employee thereof holds any interest in any property in this Redevelopment Project Area. [§18-2106] No members of the authority or staff of the CRA have any interest in this property. 6. Section 18-2114 of the Act requires that the Authority consider: a. Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. The developer purchased the property for $550,000. The estimated costs of rehabilitation of this property is $1,033,000. Other construction and soft cost is $265,000 Legal, Developer and Audit Fees of $5,600 for reimbursement to the City and the CRA for costs to prepare the contract and monitor the project over the course of the development are included in the eligible expenses. The total of eligible expenses for this project exceeds $1,873,400. No property will be transferred to redevelopers by the Authority. The developer will provide and secure all necessary financing. Grand Island Regular Meeting - 1/12/2022 Page 47 / 93 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 $522,064 from the proceeds of the TIF. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2023 through December 2038. c. Statement of feasible method of relocating displaced families. No families will be displaced as a result of this plan. 7. Section 18-2113 of the Act requires: Prior to recommending a redevelopment plan to the governing body for approval, an authority shall consider whether the proposed land uses and building requirements in the redevelopment project area are designed with the general purpose of accomplishing, in conformance with the general plan, a coordinated, adjusted, and harmonious development of the city and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity, and the general welfare, as well as efficiency and economy in the process of development, including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provision for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and community facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of insanitary or unsafe dwelling accommodations or conditions of blight. The Authority has considered these elements in proposing this Plan Amendment. This amendment, in and of itself will promote consistency with the Comprehensive Plan. This will have the intended result of preventing recurring elements of unsafe buildings and blighting conditions. This will accomplish the goal of both the Railside Business Improvement District and the Grand Island City Council of increasing the number of residential units available in the Downtown area and refurbish street level commercial space that has been underutilized for several years as well as encouraging new roof top development that will add to the ambiance of Railside. Grand Island Regular Meeting - 1/12/2022 Page 48 / 93 8. Time Frame for Development Development of this project is anticipated to be completed by June 2022. Excess valuation should be available for this project for 15 years beginning with the 2023 tax year. 9. Justification of Project This is an historic building in downtown Grand Island that will be preserved with this project. The addition of new residential units is consistent with goals to build new residential units in downtown Grand Island and with the goals of the 2020 Grand Island housing study and Grow Grand Island. The primary use of the street level space for commercial development is consistent with the long term development plans for Downtown. The addition of rooftop space will further enhance the Railside experience. 10. Cost Benefit Analysis Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used. This analysis must address specific statutory issues. As authorized in the Nebraska Community Development Law, §18-2147, Neb. Rev. Stat. (2012), the City of Grand Island has analyzed the costs and benefits of the proposed Redevelopment Project, including: Project Sources and Uses. Approximately $522,064 in public funds from tax increment financing provided by the Grand Island Community Redevelopment Authority will be required to complete the project. This property has requested a Façade grant. This investment by the Authority will leverage $1,867,800 in private sector financing; a private investment of $3.57 for every TIF or grant dollar invested. Use of Funds Source of Funds. Description TIF Funds Other Grants Private Funds Total Site Acquisition 522,064$27,936$$550,000 Legal and Plan* $5,600 $5,600 Renovation $ 98,0001,1 $98,0001,1 Other* $100,00 0 $100,000 Contingency $19,800 $19,800 TOTALS $522,064 $1,351,336 $1,873,400 Grand Island Regular Meeting - 1/12/2022 Page 49 / 93 *Other includes soft costs for private legal services, consulting on the TIF and construction, environmental review accounting, interest, financing fees, appraisal, title and hazard insurance and marketing. Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2022, valuation of approximately $340,367. Based on the 2020 levy this would result in a real property tax of approximately $7,408. It is anticipated that the assessed value will increase by $1,599,094 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $34,804 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: $340,367 Estimated value after completion $1,939,461 Increment value $1,599,094 Annual TIF generated (estimated)$34,804 TIF bond issue $522,064 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $340,367 The proposed redevelopment will create additional valuation of $1,599,094. 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 in any significant way. Fire and police protection are available and should not be negatively impacted by this development. The addition of life safety elements to this building including fire sprinklers and a second exit actually reduce the chances of negative impacts to the fire department. (c) Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; This will provide additional housing and commercial space options in the downtown area consistent with the planned development in Downtown Grand Island. Grand Island Regular Meeting - 1/12/2022 Page 50 / 93 (d) Impacts on other employers and employees within the city or village and the immediate area that are located outside of the boundaries of the area of the redevelopment project; and This project will not have a negative impact on other employers in any manner different from any other expanding business within the Grand Island area. This will provide housing options for employees of Downtown businesses that wish to live Downtown and will refurbish Downtown commercial space. (e) Impacts on student populations of school districts within the City or Village: This development will have a minimal impact on the Grand Island School system as it will likely not result in any increased attendance. The majority of the units to be developed with this project is a one bedroom unit and unlikely to be a family unit, especially for families with school age children. The average number of persons per household in Grand Island for 2015 to 2019 according the American Community Survey is 2.61. According to the 2010 census 19.2% of the population of Grand Island was between the ages of 5 and 18. 2020 census number for this population cohort are not yet available but 27.6% of the 2021 population is less than 18 years of age this is the same percentage as the under 18 age cohort in 2010. If the averages hold it would be expected that there would be a maximum of five school age children generated by this development though that is mitigated by the fact that that majority of these are small 1 bedroom units. According to the National Center for Educational Statistics the 2019-20 enrollment for GIPS was 10,070 students and the cost per student in 2017-18 was $12,351 of that $4,653 is generated locally. The Grand Island Public School System was notified on November 4, 2021 that the CRA would be considering this application at their November 10, 2021 meeting. (f) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This project is consistent the goals of the Council, the Downtown BID, the CRA, and Grow Grand Island to create additional housing units in downtown Grand Island. Time Frame for Development Development of this project is anticipated to be completed June 2022. The base tax year should be calculated on the value of the property as of January 1, 2022. 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 or an amount not to exceed $522,064 the projected amount of increment based upon the anticipated value of the project and current tax rate. Based on the estimates of the expenses of the rehabilitation the developer will spend at least $1,867,800.00 on TIF eligible activities in excess of other grants given. 1 https://nces.ed.gov/ccd/districtsearch/district_detail.asp?ID2=3100016 Grand Island Regular Meeting - 1/12/2022 Page 51 / 93 Grand Island Regular Meeting - 1/12/2022 Page 52 / 93 Grand Island Regular Meeting - 1/12/2022 Page 53 / 93 Grand Island Regular Meeting - 1/12/2022 Page 54 / 93 Grand Island Regular Meeting - 1/12/2022 Page 55 / 93 Grand Island Regular Meeting - 1/12/2022 Page 56 / 93 Grand Island Regular Meeting - 1/12/2022 Page 57 / 93 Grand Island Regular Meeting - 1/12/2022 Page 58 / 93 Grand Island Regular Meeting - 1/12/2022 Page 59 / 93 Grand IslandRegular Meeting - 1/12/2022Page 60 / 93 Grand Island Regular Meeting - 1/12/2022 Page 61 / 93 Grand Island Regular Meeting - 1/12/2022 Page 62 / 93 Community Redevelopment Authority (CRA) Wednesday, January 12, 2022 Regular Meeting Item I2 Redevelopment Plan Amendment CRA Area 1 - Nikodym Development Staff Contact: Grand Island Regular Meeting - 1/12/2022 Page 63 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 1 Redevelopment Plan Amendment Grand Island CRA Area 1 January 2022 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to adopt a Redevelopment Plan Amendment for Area 1 within the city, pursuant to the Nebraska Community Development Law (the “Act”) and provide for the financing of a specific project in Area 1. Executive Summary: Project Description THE REDEVELOPMENT OF PROPERTY LOCATED NORTH OF BISMARK ROAD EAST OF CHERRY STREET INCLUDING 1010 E. BISMARK FOR DEVELOPMENT OF 47 LOTS FOR DUPLEX AND SINGLE FAMILY DWELLINGS INCLUDING NECESSARY INFRASTRUCTURE AND GRADING IMPROVEMENTS. The use of Tax Increment Financing to aid in redevelopment expenses associated with necessary and required infrastructure (sewer, water, storm drainage, paving, landscaping, etc.), grading improvements and site preparation, and planning and legal costs to redevelop the proposed Nikodym Third Subdivision in the City of Grand Island. The use of Tax Increment Financing is an integral part of the development plan and necessary to make this project happen. The project will result in the construction of 47 residential lots intended for single family detached homes and duplex units in southeast Grand Island along with improvements to and renovation of the Super Bowl building at 1010 E. Bismark. It is expected that this project will be developed over the next 10 years. JNIK, LLC has owned the property for 3 years. Development of the larger portion of this property was restricted by Council until a plan for development was brought forward. The residential portion of property is currently vacant and the commercial property is being used for storage and as a private museum. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with the site work and development if TIF is available to assist with project financing. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over the 25 year period towards the allowable costs and associated financing for the acquisition and site work with no portion of ad valorem taxed divide for a period of more than 15 years. TAX INCREMENT FINANCING TO PAY FOR THE REHABILITATION OF THE PROPERTY WILL COME FROM THE FOLLOWING REAL PROPERTY: Property Description (the “Redevelopment Project Area”) Legal Descriptions: Lot 1 Nikodym Subdivision and Lot 1, Nikodym Second Subdivision, City of Grand Island, Hall County, NE Grand Island Regular Meeting - 1/12/2022 Page 64 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 2 Existing Land Use and Subject Property Grand Island Regular Meeting - 1/12/2022 Page 65 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 3 This plan amendment provides for the issuance TIF Notes, the proceeds of which will be granted to the Redeveloper. The tax increment will be captured for up to 25 tax years the payments for which become delinquent in years 2023 through 2058 inclusive or as otherwise dictated by the contract with no property exceeding 15 years. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The increase will come from the construction of single family and duplex units at this location along with improvements to the commercial property at 1010 E. Bismark. The developer has submitted a request for approval of to rezone the residential portion of this property to R3 Medium Density Residential. Statutory Pledge of Taxes. In accordance with Section 18-2147 of the Act and the terms of the Resolution, the Authority hereby provides that any ad valorem tax on any Lot or Lots located in the Redevelopment Project Area as for the benefit of any public body be divided for a period of fifteen years after the effective date of this provision as set forth in the Redevelopment Contract related to the Redevelopment Project Area, or the resolution providing for the issuance of the TIF Note, consistent with this Redevelopment Plan Amendment. Said taxes shall be divided as follows: a. That portion of the ad valorem tax which is produced by levy at the rate fixed each year by or for each public body upon the redevelopment project valuation shall be paid into the funds, of each such public body in the same proportion as all other taxes collected by or for the bodies; and b. That portion of the ad valorem tax on real property in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of; the interest on, and any premiums due in connection with the bonds, loans, notes, or advances on money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise,such Authority for financing or refinancing, in whole or in part, a redevelopment project. When such bonds, loans, notes, advances of money, or indebtedness including interest and premium due have been paid, the Authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon real property in such redevelopment project shall be paid into the funds of the respective public bodies. Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged to the repayment of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in whole or in part, the redevelopment project, including the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness. Redevelopment Plan Amendment Complies with the Act: Grand Island Regular Meeting - 1/12/2022 Page 66 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 4 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 December 19, 2000.[§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 and project are consistent with the Comprehensive Plan as the development around this area is largely residential and the recreational use previously on the property has been discontinued. The Hall County Regional Planning Commission held a public hearing at their meeting on February 2, 2022 and passed Resolution 2022-07 confirming that this project is consistent with the Comprehensive Plan for the City of Grand Island. The Grand Island Public School District has submitted a formal request to the Grand Island CRA to notify the District any time a TIF project involving a housing subdivision and/or apartment complex is proposed within the District. The school district was notified of this plan amendment at the time it was submitted to the CRA for initial consideration. 3. The Redevelopment Plan must be sufficiently complete to address the following items: [§18-2103(13) (b)] a. Land Acquisition: This property is currently owned by the proposed developer. There is no proposed acquisition by the authority. b. Demolition and Removal of Structures: There are no significant structures on this property that need to be demolished or removed. c. Future Land Use Plan See the attached map from the 2004 Grand Island Comprehensive Plan. The area immediately to the north this property is planned for residential use and is occupied by apartment buildings. The property to the south is planned and zoned for residential development, commercial development, and recreational development, The Super Bowl fun center was located there along with a single family home on a large lot with more typical single family development to the south and west of Bismark and Cherry. The property to the east is zoned commercially and occupied by single family homes on large Grand Island Regular Meeting - 1/12/2022 Page 67 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 5 City of Grand Island Future Land Use Map Grand Island Regular Meeting - 1/12/2022 Page 68 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 6 Grand Island Regular Meeting - 1/12/2022 Page 69 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 7 lots and a landscaping business fronting onto Stuhr road. This property is vacant and was planned for recreational development when it was part of the Super Bowl complex though hay has been harvested from it for several years. [§18-2103(b) and §18-2111] The attached map also is an accurate site plan of the area after redevelopment. [§18- 2111(5)] d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned RD-Residential Development Zone. Apartment development at up to 42 dwelling units per acre is permitted within this zoning district. The developers are seeking to change the zoning to allow medium density residential with up to 14 units per acre. An application to rezone this property has been filed and will be considered by Council prior to approval of this plan. The property will be replatted with new streets as part of the development connecting Cherry Street and Bismark Road through the subdivision. No changes are anticipated in building codes or ordinances. Nor are any other planning changes contemplated. [§18-2103(b) and §18-2111] e. Site Coverage and Intensity of Use The developer is proposing to build on the site within the constraints allowed by both the current and the proposed zoning districts. The R3 Medium Density residential zone allows for 1 dwelling unit for every 3000 square feet of lot space and up to 50% of the lot area can be covered with buildings. [§18-2103(b) and §18-2111] f. Additional Public Facilities or Utilities Water and sanitary are available to support this development. The developer will be responsible for extension of water and sanitary sewer necessary to serve this site. Development and extension of this infrastructure is one of the primary challenges for this site. Electric utilities will be extended throughout the site to support the proposed development. No other city 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 residential portions of this property is currently vacant without any residences and the commercial portion is owned and occupied by the developer that will be renovating the commercial space no relocation is contemplated or necessary. [§18-2103.02] Grand Island Regular Meeting - 1/12/2022 Page 70 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 8 5. No member of the Authority, nor any employee thereof holds any interest in any property in this Redevelopment Project Area. [§18-2106] 6. Section 18-2114 of the Act requires that the Authority consider: a. Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. Acquisition of the property is included as TIF eligible expense at a cost of $320,000. Grading, storm water management, utility connections and extensions and similar site improvements are estimated at $2,041,000. Renovation and upgrades to the Super Bowl building and property $1,360,000. Planning related expenses for Architecture, Engineering, Planning services of $110,000. Legal, Developer and Audit Fees including a reimbursement to the City and the CRA of $60,000 are included as TIF eligible expense. The total of eligible expenses for this project is $3,891,000. No property will be transferred to redevelopers by the Authority. The developer will provide and secure all necessary financing. b. Statement of proposed method of financing the redevelopment project. The developer will provide all necessary financing for the project except the financing provided by the issuance of the TIF Indebtedness. The Authority will assist the project by granting the sum of $3,831,000 from the proceeds of the TIF Indebtedness issued by the Authority. 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 according to the approved contract. c. Statement of feasible method of relocating displaced families. No families will be displaced as a result of this plan. The property is vacant. 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 Grand Island Regular Meeting - 1/12/2022 Page 71 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 9 arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of insanitary or unsafe dwelling accommodations or conditions of blight. The Authority has considered these elements in proposing this Plan Amendment. This amendment, in and of itself will promote consistency with the Comprehensive Plan. This will have the intended result of preventing recurring elements of blighted conditions including vacant and underutilized building sites. 8. Time Frame for Development Development of this project is anticipated to be completed between April 2022 and December of 2032. The developers anticipate creating all of the lots in a single phase during the 2022 year and build out on those lots to occur within 4 to 10 years depending on market conditions. Excess valuation should be available for this project for 15 years on each phase of this project beginning with the 2023 tax year. 9. Justification of Project This property was rezoned for residential use by Council in 2018 with a restriction that other than the 1 single family home built between this project and the Super Bowl building the property would need to come forward with a plan for development prior to any additional structures being permitted. This plan accommodates residential development and the extension of streets and utilities to support those residences and provides a buffer between the more intense apartment uses to the north and the single family uses on the south side of Bismark. The 2020 housing market study for the City of Grand Island shows a need of an additional 1400 housing units between 2020 and 2025. These 47 to 88 units at this location would help meet that goal and spread the housing developed around the city. 10. Cost Benefit Analysis Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used. This analysis must address specific statutory issues. As authorized in the Nebraska Community Development Law, §18-2147, Neb. Rev. Stat. (2012), the City of Grand Island has analyzed the costs and benefits of the proposed Redevelopment Project, including: Project Sources and Uses.Approximately $3,831,000 in public funds from tax increment financing provided by the Grand Island Community Redevelopment Authority will be required to complete the project.This investment by the Authority will leverage $14,160,000 in private sector financing; a private investment of $3.70 for every TIF and grant dollar investment.1 See the Attached Source and Uses of Funds Chart 1 This does not include any investment in personal property at this time. Grand Island Regular Meeting - 1/12/2022 Page 72 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 10 Use of Funds. Description TIF Funds Private Funds Total Site Acquisition 320,000$ $ 320,000 Building Costs $ 14,100,000 $ 14,100,000 Renovation 1,360,000$ Demolition 500,000$ Sewer $ 360,000 $ 360,000 Water $ 215,500 $ 215,500 Electric $ - Public Streets/Sidewalks $ 520,500 $ 520,500 Site preparation/Dirt Work $ 220,000 $ 220,000 Architecture/Engineering $ 110,000 $ 110,000 Legal/TIF Contract 60,000$ $ 60,000 Other Site Improvements 165,000$ $ 60,000 $ 225,000 $ - Total $ 3,831,000 $ 14,160,000 $ 17,991,000 Source of Funds Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2021, valuation of approximately $136,655. Based on the 2021 levy this would result in a real property tax of approximately $2,787. It is anticipated that the assessed value will increase by $14,000,000 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $308,233 annually. The tax increment gained from this Redevelopment Project Area would not be available for use as city general tax revenues, for the period of the TIF contract or the 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: $ 136,655 Estimated value after completion $ 14,100,000 Increment value $ 14,000,000 Annual TIF generated (estimated) $ 308,233 TIF bond issue (Not to exceed) $ 3,831,000 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $136,655. The proposed redevelopment will create additional valuation of $14,000,000. Taxes will be shifted to support this project and the infrastructure and renovation that will result in the additional long term valuation as well as new housing in this part of the community. The project creates additional valuation that will support taxing entities long after the project is paid off. Grand Island Regular Meeting - 1/12/2022 Page 73 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 11 (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 negatively impacted by this development. The electric utility has sufficient capacity to support the development. This development, since it is housing, may have an impact on Grand Island Public Schools. At this point, the Grand Island public school system has taken a neutral stance on development not advocating for or against housing projects proposing to use TIF. This property is in the Dodge Elementary School area. Fire and police protection are available and should not be negatively impacted by this development though all new residences and development do have an incremental impact on fire and police. (c) Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; This will have minimal impact on employers or employees within the redevelopment project area. Although it will increase housing choices in southeast Grand Island and may positively impact recruitment of employees for businesses located in this part of the community. (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 within the Grand Island area. (e) Impacts on student populations of school districts within the City or Village: This development will have an impact on the Grand Island School system and will likely result in additional students at both the elementary and secondary school levels. The average number of persons per household in Grand Island for 2015 to 2019 according the American Community Survey is 2.61 (new ACS data is not available and isn’t expected until March of 2022). If 47 additional houses are built they would house 123 people. According to the 2010 census 19.2% of the population of Grand Island was over 4 years old and under 18 years old. 2020 census numbers for this population cohort are not yet available but 27.6% of the 2021 population is less than 18 years of age this is the same percentage as the under 18 age cohort in 2010. If the averages hold it would be expected that there would be an additional 24 school age children generated by this development. As proposed in this development plan the maximum number of units created could be as many as 88 which would result in 230 people with an average of 44 school age children. If this develops as proposed with at a rate of 10 units per year up to 4.4 children would be added to the district for up to 9 years. These children will likely be spread over the full school age population from elementary to secondary school. Grand Island Regular Meeting - 1/12/2022 Page 74 / 93 Nikodym Third Subdivision Area 1 Redevelopment Plan Page 12 According to the National Center for Educational Statistics2 the 2019-20 enrollment for GIPS was 10,070 students and the cost per student in 2017-18 was $12,351 of that $4,653 is generated locally. The Grand Island Public School System was notified on January 5, 2022 that the CRA would be considering this application at their January 12, 2022 meeting. (f) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This project will provide needed housing in the Grand Island market and spread the housing to parts of the community other than northwest Grand Island. Time Frame for Development Development of this project is anticipated to be completed during between April of 2022 and December of 2032. The base tax year should be calculated on the value of the property as of January 1, 2022 or the year that an amendment to the contract is filed to claim additional improvements. Excess valuation should be available for this project for 15 years beginning in 2023 with taxes due in 2024 actual dates will be set based on the approved contract. 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 any portion of the project. Based on the estimates of the expenses detailed above for creation of the 47 residential lots and rehabilitation of the Super Bowl property the developer will spend more than $3,831,000 on TIF eligible expenses as part of this development. Grand Island Regular Meeting - 1/12/2022 Page 75 / 93 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 ________ Grand Island Regular Meeting - 1/12/2022 Page 76 / 93 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: See attached plan 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 $ ______________ Grand Island Regular Meeting - 1/12/2022 Page 77 / 93 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 $ ______________ Concrete Block wall Grand Island Regular Meeting - 1/12/2022 Page 78 / 93 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 Grand Island Regular Meeting - 1/12/2022 Page 79 / 93 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: ______________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________ Grand Island Regular Meeting - 1/12/2022 Page 80 / 93 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 Grand Island Regular Meeting - 1/12/2022 Page 81 / 93 Exhibit B Grand Island Regular Meeting - 1/12/2022 Page 82 / 93 SCOPE OF SERVICES November 4, 2021 PROJECT DESCRIPTION AND LOCATION Project Location: Lot 2 Nikodym Third Subdivision, Grand Island, Nebraska Project Description: Preliminary and Final Plat for the 13 Acres of lot 2. Design of sanitary sewer, water main, and roadway extension into the proposed 13-acre subdivision. Construction phase services including materials testing for the site improvements. SCOPE OF SERVICES Olsson shall provide the following services (Scope of Services) to Client for the Project: Phase 100 - SURVEY AND PLANNING SERVICES $21,600.00 [Lump Sum] Task 101 - Topographical Survey - $3,700.00 1.1 Topographic survey to pick up existing site features missing on from the existing survey to include utility inverts, contours, finish floors and update of any site features. 1.2 Survey to be completed in Nebraska LDP coordinates, NAVD 88 Vertical. 1.3 Nebraska 811 will be contacted to locate all existing utilities on the project site. 1.4 Surveyors will visit the site and record all existing site features using GPS equipment. 1.5 Create a CAD drawing of the existing site, to be used for design of proposed site improvements. 1.6 Note, detailed survey of existing mini golf and track not included. Task 102 - Preliminary Plat Design & Submittal - $11,300.00 1.7 Develop residential lot layout for the future Nikodym Third Subdivision (~48 lots). 1.8 Prepare preliminary plat for Nikodym Third Subdivision, including lot, utility, and drainage plans. 1.9 Evaluate the site drainage for a 10-year storm event. Identify amount needed (if any) and location of storm water detention for the site. 1.10 Attend a subdivision committee meeting. 1.11 Address City review comments of the preliminary plat. Task 103 - Final Plat Design & Submittal - $2,800.00 1.12 Prepare Final Plat for Nikodym Third Subdivision (~48 lots). 1.13 Address City comments. 1.14 Submit re-zoning application along with plat. Task 104 - Set Property Pins - $3,800 1.15 Set property pins for new lots. Grand Island Regular Meeting - 1/12/2022 Page 83 / 93 Page 2 of 4 PHASE 200 - CIVIL DESIGN SERVICES $35,600.00 [Lump Sum] Task 201 - Construction Plan Design 2.1 Develop sanitary sewer plan and profile drawings for approx. 1700 LF of sanitary main. Design the location of manholes and sanitary sewer services. 2.2 Submit sanitary sewer plans to the City of Grand Island and address review comments. 2.3 Submit sanitary sewer plans to NDEE and address review comments. 2.4 Develop water main plan and profile drawings for approx. 1700 LF of water main. Design location of valves, fittings, fire hydrants and water main services. 2.5 Submit water main plans to the City of Grand Island and address review comments. 2.6 Develop roadway plans for the proposed private drives. 1700 LF of paving. 2.7 Design roadway geometrics, joints, grades and construction details. 2.8 Develop proposed mass site grading plan. PHASE 300 - CONSTRUCTION PHASE SERVICES [Time and Expense] $37,600 (Estimated) Task 301 - Bid Phase Services - $1,900.00 3.1 Prepare Notice to Bidders and Issue Documents Develop drive plan and profile plans. 3.2 Answer Questions and Prepare Addenda, as necessary. 3.3 Review and Evaluate Bids. 3.4 Conformed copies of the contract documents, including all insurance and bond forms, will be prepared by Olsson. Task 302 - Construction Administration - $3,200.00 3.5 Olsson shall review shop drawings, and other data submitted by the Contractor to determine compliance with the project drawings and specifications. 3.6 Olsson shall be available to the Contractor as needed for project questions. 3.7 Olsson shall make revisions to the project drawings with any changes in the work authorized during construction and shall submit a set of record drawings to the Client and City indicating such changes upon completion of the Project. Task 303 - Construction Observation - $20,900.00 3.8 Olsson shall provide construction observation, construction testing, and special inspection services on a daily basis during the construction process. These services will be on a part time basis during an assumed construction timeframe. Since no schedule has been provided, Olsson Associates has made an assumption for the construction duration and is further outlined below: • 12 weeks of part time construction observation at 15 hours per week to complete the water main & sanitary sewer. 3.10 Olsson is to provide a Resident Project Representative (and any assistants). The duties and responsibilities of the Resident Project Representative (and assistants) are set forth in Exhibit “B”, Duties, Responsibilities and Limitation of Authority of Resident Project Representatives. 3.11 Olsson will provide soil density testing and concrete testing on this Project. Testing frequencies have been estimated and are as listed below: • Soils Proctor: two (2) standard proctors of onsite material shall be obtained and processed in laboratory for backfill and subgrade base material. • Compaction Testing: 150 compaction tests have been estimated for, utility backfills and pavement subgrade material. Note, general site grading testing is excluded. • Concrete Testing: four (4) concrete tests have been estimated to be performed per Grand Island Regular Meeting - 1/12/2022 Page 84 / 93 Page 3 of 4 ASTM C-31 for roadway pavement sections. Task 304 - Construction Survey - $9,800 3.12 Olsson will perform construction staking services for the Client based on the plans prepared by Olsson. Fees are based on Six (6) round trips to the job site and Olsson will coordinate with the contractor for scheduling. • One (1) trip to establish control points for grading • One (1) trip has been estimated for staking graded offset alignment at 50’ intervals of the sanitary sewer main along with one offset stake for end of each service with grade. This does not include staking for dewatering wells. • One (1) trip has been estimated for staking graded offset alignment at 50’ intervals of the water main along with one offset stake for the end of each service with grade. • One (1) trip has been estimated for staking graded offset alignment at 50’ intervals for the storm sewer main and two (2) offset stakes with one graded for curb inlets. • Two (2) trips have been estimated for staking graded offsets at 25’ intervals and at VPI for full width paving alignment and radius points of the paving. This is only for paving and does not include any subgrade staking. All items not mentioned above in the staking scope will be considered additional staking. This includes any and all re-staking that is requested from contractor or owner. Task 305 - Project Closeout - $1,800.00 3.13 When the Contractor completes the work in accordance with the terms of the contract documents, Olsson shall issue an opinion recommending acceptance to the Client and certify his approval of the Contractor’s request for final payment. 3.14 Olsson shall make revisions to the project drawings with any changes in the work authorized during construction and shall submit a set of record drawings to the Client and City indicating such changes upon completion of the Project. Exclusions The following services are not included in this proposal but can be provided by Olsson as an additional service if requested: • ALTA Survey • Wetland Delineation and Permitting • Environmental review, Phase 1 • Easements dedication after the final plat is approved • Geotechnical Investigation • City fees (review/platting/zoning) • Project-related permitting outside of the scope of the proposal and fees. • Items not specifically included in the Scope of Services above. Grand Island Regular Meeting - 1/12/2022 Page 85 / 93 Page 4 of 4 Compensation Phase Description Fee Type Fee 100 Survey and Planning Services Lump Sum $21,600.00 200 Civil Design Services Lump Sum $35,600.00 300 Construction Phase Services Time and Expense* $37,600.00 Total Proposed Fees: $94,800.00 *Time and Expense fee is an estimated fee, based on an assumed construction schedule. Additional construction service fees may be incurred, should the actual construction schedule exceed the assumed schedule. Olsson will inform client if the actual construction schedule begins to impact our estimated fees. Should Client request work in addition to the Scope of Services, Olsson shall invoice Client for such additional services (Optional Additional Services) at the standard hourly billing labor rate charged for those employees actually performing the work, plus reimbursable expenses if any. Olsson shall not commence work on Optional Additional Services without Client’s prior written approval. G:\Grand Island\Admin\PROPOSAL\Nykodym\Scope of Services.doc Grand Island Regular Meeting - 1/12/2022 Page 86 / 93 Description Range Principal 129.00 -388.00 Project Manager 120.00 -233.00 Project Professional 98.00 -217.00 Assistant Professional 67.00 -155.00 Designer 90.00 -188.00 CAD Operator 54.00 -119.00 Survey 52.00 -166.00 Construction Services 43.00 -233.00 Administrative/Clerical 41.00 -159.00 1. 2. Olsson Billing Rate Schedule 2021 Labor Rates Note: Special Services not included in above categories will be provided on a Special Labor Rate Schedule Rates subject to change based upon updates to Billing Rates for upcoming year. Grand Island Regular Meeting - 1/12/2022 Page 87 / 93 Page 1 of 1 Updated for Year 2021 REIMBURSABLE EXPENSE SCHEDULE The expenses incurred by Olsson or Olsson's independent professional associates or consultants directly or indirectly in connection with the Project shall be included in periodic billing as follows: Classification Cost Automobiles (Personal Vehicle) $0.56/mile* Suburban’s and Pick-Ups $0.75/mile* Automobiles (Olsson Vehicle) $85.00/day Other Travel or Lodging Cost Actual Cost Meals Actual Cost Printing and Duplication including Mylars and Linens In-House Actual Cost Outside Actual Cost+10% Postage & Shipping Charges for Project Related Materials including Express Mail and Special Delivery Actual Cost Film and Photo Developing Actual Cost+10% Telephone and Fax Transmissions Actual Cost+10% Miscellaneous Materials & Supplies Applicable to this Project Actual Cost+10% Copies of Deeds, Easements or other Project Related Documents Actual Cost+10% Fees for Applications or Permits Actual Cost+10% Sub-Consultants Actual Cost+10% Taxes Levied on Services and Reimbursable Expenses Actual Cost *Rates consistent with the IRS Mileage Rate Reimbursement Guidelines (Subject to Change). Grand Island Regular Meeting - 1/12/2022 Page 88 / 93 LOT 1 LOT 2 LOT 3 12667± SF 0.291± AC1 8 2 . 2 1 ' 125.67'138.85'43.27' 6323± SF 0.145± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 6000± SF 0.138± AC 8832± SF 0.203± AC 12416± SF 0.285± AC 8735± SF 0.201± AC 8735± SF 0.201± AC 8735± SF 0.201± AC 8735± SF 0.201± AC 8735± SF 0.201± AC 8735± SF 0.201± AC 8735± SF 0.201± AC 8796± SF 0.202± AC 6632± SF 0.152± AC 7902± SF 0.181± AC 7875± SF 0.181± AC 7848± SF 0.180± AC 7822± SF 0.180± AC 7795± SF 0.179± AC 7768± SF 0.178± AC 7937± SF 0.182± AC 8034± SF 0.184± AC 9896± SF 0.227± AC 28871± SF 0.663± AC 25556± SF 0.587± AC 25643± SF 0.589± AC 25730± SF 0.591± AC 25817± SF 0.593± AC 33596± SF 0.771± AC 39.14' 50.00'120.00'15.70'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'50.00' 50.00'120.00'26.85' 120.34'152.12'39.77'19.08'158.93'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'77.00'113.45'77.00'78.06'113.45' 73.07'91.06'73.45'90.00'112.69'70.00'70.00'112.31'70.00'70.00'111.93'70.00'70.00'111.55'70.00'70.00'111.16'70.00'70.00'110.78'70.00'70.00'115.02'70.00'28.03'4.70'41.98'114.39'70.00'70.00'47.53'98.00'64.04'70 . 4 5 ' 124.74' 124.74'231.93'110.00' 110.00'232.72'233.51'110.00' 110.00' 110.00' 110.00'234.30'110.00' 110.00'235.09'136.68' 83.05' 2 32 . 3 9 ' 66.50' LOT 2 LOT 55 2± SF 0.000± AC LOT 57 3± SF 0.000± AC LOT 59 8735± SF 0.201± AC LOT 60 8735± SF 0.201± AC SHEET REVISIONSNO.REV.DATEREVISIONS DESCRIPTIONproject no.: approved by: checked by: drawn by: drawing no.: QA/QC by: date:www.olsson.comTEL 308.384.8750201 East 2nd StreetGrand Island, NE 68801NYKODYM SITE LAYOUTGRAND ISLAND, NEBRASKA20211 Exhibit "A" Grand Island Regular Meeting - 1/12/2022 Page 89 / 93 Grand Island Regular Meeting - 1/12/2022 Page 90 / 93 Nikodym Area 1 JNIK, LLC COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 377 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 12th day of January, 2022 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Grand Island Regular Meeting - 1/12/2022 Page 91 / 93 Nikodym Area 1 JNIK, LLC COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 378 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 JNIK, LLC (The "Developer") for redevelopment of the property located north of Bismark Road and east of Cherry Street including 1010 Bismark Road in 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 1; 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 12th day of January, 2022. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By ___________________________ Chairperson ATTEST: ___________________ Secretary Grand Island Regular Meeting - 1/12/2022 Page 92 / 93 Nikodym Area 1 JNIK, LLC Exhibit 1 Legal Description: Lot 1 Nikodym Subdivision and Lot 1, Nikodym Second Subdivision, City of Grand Island, Hall County, NE Grand Island Regular Meeting - 1/12/2022 Page 93 / 93