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02-08-2023 Community Redevelopment Authority Regular Meeting Packet
Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Packet Board Members: Tom Gdowski - Chairman Jim Truell - Vice Chairman Sue Pirnie Bart Qualsett Krae Dutoit 4:00 PM Grand Island Regular Meeting - 2/8/2023 Page 1 / 105 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 - 2/8/2023 Page 2 / 105 Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Item A1 Agenda - February 8, 2023 Staff Contact: Grand Island Regular Meeting - 2/8/2023 Page 3 / 105 Grand Island Regular Meeting - 2/8/2023 Page 4 / 105 Grand Island Regular Meeting - 2/8/2023 Page 5 / 105 COMMUNITY REDEVELOPMENT AUTHORITY AGENDA MEMORANDUM 4 p.m. Wednesday, February 8, 2023 2. APPROVAL OF MINUTES. The minutes of the Community Redevelopment Authority meeting January 25, 2023 are submitted for approval. A MOTION is in order. 3. APPROVAL OF FINANCIAL REPORTS. Financial reports for January 1-31 are included in the packet for review and approval. 4. APPROVAL OF BILLS. Payment of bills in the amount of $5,523.84 5. REVIEW OF COMMITTED PROJECTS AND CRA PROPERTIES. 6. AMENDED REDEVELOPMENT PLAN CRA AREA 34- STAROSTKA GROUP UNLIMITED MILLENNIAL ESTATES SUBDIVISION- Concerning a redevelopment plan for CRA Area No. 34 for development of 120 housing units in the proposed Millennial Estates Subdivision north of 13th Street west of the Moore’s Creek Drainway along with an extension of Claude Road between 13th Street and the north edge of the Millennial Estates project. The plan requests $5,650,000 in tax increment financing along with associated interest on the TIF bonds. The original plan was approved by the Grand Island City Council on August 23, 2022 with the expectation that as part of this development The Starostka Group would construct Claude Road along their eastern boundary. They are requesting that the City of Grand Island construct that road on ground that they will dedicate and that 25% of the TIF generated by the project $1,412,500 will be paid to the city for that project. As this is a major revision to the approved plan it has to go through the approval process again. The CRA may forward the plan to the Regional Planning Commission for review. A MOTION to approve Resolution 423 (forward to Regional Planning Commission) 7. REDEVELOPMENT PLAN CRA AREA 31- JBA VENTURES, LLC HENRY AND ADA Concerning a redevelopment plan for CRA Area No. 31 for redevelopment of the property located south of South Street fronting onto Henry and Ada Streets near the Grand Island Cemetery. JBA Ventures plans to build 18 units of apartments in 4 and 5 unit buildings on the site (10 one bedroom and 8 two bedroom). They intend to market these to individuals that are 59 years old and above. These buildings would be very similar to the buildings south of this property along both Henry and Ada Streets. The plan requests $950,932 in tax increment financing. The CRA may forward the Grand Island Regular Meeting - 2/8/2023 Page 6 / 105 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 424 (forward to Regional Planning Commission) and Resolution 425 (30-day intent notice to city council) is in order. 8. DIRECTOR’S REPORT. 9. ADJOURNMENT Chad Nabity Director Grand Island Regular Meeting - 2/8/2023 Page 7 / 105 Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Item B1 Meeting Minutes - January 25, 2023 Staff Contact: Grand Island Regular Meeting - 2/8/2023 Page 8 / 105 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF January 25, 2023 Pursuant to due call and notice thereof, a Meeting of the Community Redevelopment Authority of the City of Grand Island, Nebraska was conducted on January 25, 2023 at City Hall, 100 E. First Street. Notice of the meeting was given in the January 20, 2023 Grand Island Independent. 1. CALL TO ORDER. Vice Chairman Truell called the meeting to order at 4:00 p.m. The following members were present: Jim Truell, Sue Pirnie and Chris Schwieger. Also present were: Planning Director Chad Nabity, Planning Administrative Assistant Norma Hernandez, City Attorney Laura McAloon, Finance Director Patrick Brown and Assistant Finance Director Brian Schultz. 2. APPROVAL OF MINUTES. A motion for approval of the Minutes for the December 27, 2022 meeting was made by Pirnie and second by Schwieger. Upon roll call vote, all present voted aye. Motion carried 3-0 (Gdowski and Mustion were absent) 3. Review of Financials Financial reports were reviewed by Brian Schultz. 4. Approval of Bills A motion was made by Pirnie and second by Schwieger to approve the bills for $632,779.74. Upon roll call vote, all present voted aye. Motion carried 3-0. (Gdowski and Mustion were absent) 5. Review of Committed Projects and CRA Properties The committed projects and CRA projects were reviewed by Nabity. Take Flight – Paid Off Hope Harbor – Is coming up with a new design to lower noise 30 from Hwy to qualify for CDBG funds. Life Safety Grants Rawr Holdings – February 2023 is agreement date. Mr. Spiehs has a plan laid out- will have a building permit by February 2023 to move forward or he will sell the building. CRA Property 3235 S. Locust (Desert Rose) – Still available Grand Island Regular Meeting - 2/8/2023 Page 9 / 105 6. Redevelopment Contract and Bond Resolution Area 1 – 124 W. 3rd Street – Living Waters a. Consideration of Resolution 420 – Bond Resolution for 124 W. 3rd Street – Living Waters Nabity stated City Council approved the plan amendment and authorized CRA to enter into contract for this project. A motion was made by Schwieger and second by Pirnie to approve resolution 420. Upon roll call vote, all present voted aye. Motion carried 3-0. (Gdowski and Mustion were absent) 7. Redevelopment Contract and Bond Resolution Area 16 – 2206 and 2300 W. Capital Avenue (Veteran’s Home) Pershing and Anderson Buildings – Liberty Campus GI, LLC a. Consideration of Resolution 421 – Bond Resolution for 2206 and 2300 W. Capital Avenue (Veteran’s Home) Pershing and Anderson Buildings – Liberty Campus GI, LLC A motion was made by Pirnie and second by Schwieger to approve resolution 421. Upon roll call vote, all present voted aye. Motion carried 3-0. (Gdowski and Mustion were absent) 8. Amended Redevelopment Contract and Bond Resolution Area 17 – For Property at 3553 Prairieview Street (Lot 3 and a portion of Lot 1 of Prairie Commons Second Subdivision) – Pataria Ventures LLC a. Consideration of Resolution 422 – Bond Resolution for property at 3553 Prairieview Street (Lot 3 and a portion of Lot 1 of Prairie Commons Second Subdivision) – Prataria Ventures LLC Nabity stated the redevelopment plan amendment is for CRA Area No.17, for the development of a medical office building in place of the planned Hotel. City Council approved the plan amendment and authorized the CRA to enter a contract for this project. A motion was made by Truell and second by Pirnie to approve resolution 422. Upon roll call vote, all present voted aye. Motion carried 3-0. (Gdowski and Mustion were absent) 9. Director’s Report – - Legislature – TIF limits/uses 10. Adjournment 4:22 p.m. Respectfully Submitted, Norma Hernandez Grand Island Regular Meeting - 2/8/2023 Page 10 / 105 Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Item C1 Financials January 2023 Staff Contact: Grand Island Regular Meeting - 2/8/2023 Page 11 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 779,896 946,468 REVENUE: Property Taxes - CRA 41,500 65,432 548,263 482,831 11.93% Property Taxes - Lincoln Pool 501 14,140 197,340 183,200 7.17% Property Taxes -TIF's 562,043 1,353,924 7,100,000 5,961,705 19.07% Loan Income (Poplar Street Water Line) - - 20,000 20,000 0.00% Interest Income - CRA 873 2,472 10,000 7,528 24.72% Interest Income - TIF'S - - - - Land Sales - - - - #DIV/0! Other Revenue - CRA 277 230,594 200,000 - 115.30% Other Revenue - TIF's - - - - TOTAL REVENUE 605,193 1,666,562 8,075,603 6,655,263 20.64% TOTAL RESOURCES 1,385,089 1,666,562 9,022,071 6,655,263 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 4,985 20,039 80,000 59,961 25.05% Printing & Binding - - 1,000 1,000 0.00% Other Professional Services 10,689 10,689 16,000 5,311 66.81% General Liability Insurance - - 250 250 0.00% Postage - - 250 250 0.00% Legal Notices - 65 500 435 13.00% Travel & Training - - 4,000 4,000 0.00% Other Expenditures - - - - Office Supplies - 35 1,000 965 3.50% Supplies - - 300 300 0.00% Land - 10,000 50,000 40,000 Bond Principal - Lincoln Pool - 195,000 190,000 - 102.63% Bond Interest - 2,340 7,340 5,000 31.88% Fiscal Agent Fees/Bond Costs - 525 - - Husker Harvest Days - 200,000 200,000 - 100.00% Façade Improvement - - 370,000 370,000 0.00% Building Improvement 53,000 156,593 722,000 565,407 21.69% Other Projects - - 250,000 250,000 0.00% Bond Principal-TIF's 564,106 1,352,748 7,100,000 5,747,252 19.05% Bond Interest-TIF's - - - - Interest Expense - - - - TOTAL EXPENSES 632,780 1,948,035 9,003,640 7,061,130 21.64% INCREASE(DECREASE) IN CASH (27,587) (281,472) (928,037) ENDING CASH 752,309 (281,472) 18,431 - CRA CASH 724,070 TIF CASH 28,239 Total Cash 752,309 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 Grand Island Regular Meeting - 2/8/2023 Page 12 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 GENERAL OPERATIONS: Property Taxes - CRA 41,500 65,432 548,263 482,831 11.93% Property Taxes - Lincoln Pool 501 14,140 197,340 183,200 7.17% Interest Income 873 2,472 10,000 7,528 24.72% Loan Income (Poplar Street Water Line) - 20,000 20,000 0.00% Land Sales - - - #DIV/0! Other Revenue & Motor Vehicle Tax 277 230,594 200,000 - 115.30% TOTAL 43,150 312,638 975,603 693,559 32.05% GIRARD VET CLINIC Property Taxes - - TOTAL - - - - GEDDES ST APTS-PROCON Property Taxes 31,247 31,247 - TOTAL 31,247 31,247 - - SOUTHEAST CROSSING Property Taxes - - TOTAL - - - - POPLAR STREET WATER Property Taxes 263 549 - TOTAL 263 549 - - 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 1,932 - TOTAL - 1,932 - - STRATFORD PLAZA INC Property Taxes - - TOTAL - - - - COPPER CREEK 2013 HOUSES Property Taxes 4,068 4,068 - TOTAL 4,068 4,068 - - Grand Island Regular Meeting - 2/8/2023 Page 13 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 FUTURE TIF'S Property Taxes - 7,100,000 7,100,000 TOTAL - - 7,100,000 7,100,000 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 11,441 13,953 (13,953) TOTAL 11,441 13,953 - (13,953) 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 3,834 5,517 - (5,517) TOTAL 3,834 5,517 - (5,517) Grand Island Regular Meeting - 2/8/2023 Page 14 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 NORTHWEST COMMONS Property Taxes 186,023 186,023 - (186,023) TOTAL 186,023 186,023 - (186,023) HABITAT - 8TH & SUPERIOR Property Taxes - - TOTAL - - - - KAUFMAN BUILDING Property Taxes - - TOTAL - - - - TALON APARTMENTS Property Taxes 91,057 91,057 (91,057) TOTAL 91,057 91,057 - (91,057) VICTORY PLACE Property Taxes - - TOTAL - - - - THINK SMART Property Taxes 6,233 6,233 (6,233) TOTAL 6,233 6,233 - (6,233) BOSSELMAN HQ Property Taxes - - TOTAL - - - - TALON APARTMENTS 2017 Property Taxes 102,363 102,363 (102,363) TOTAL 102,363 102,363 - (102,363) 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 - 2/8/2023 Page 15 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 EAST PARK ON STUHR Property Taxes 54,155 (54,155) TOTAL - 54,155 - (54,155) MENDEZ ENTERPRISES LLC PHASE 1 Property Taxes 332 332 (332) TOTAL 332 332 - (332) EAST PARK ON STUHR Property Taxes - - TOTAL - - - - TAKE FLIGHT INVESTMENTS Property Taxes - - TOTAL - - - - PRATARIA VENTURES HOSPITAL Property Taxes 730,043 (730,043) TOTAL - 730,043 - (730,043) AMMUNITION PLANT Property Taxes - - TOTAL - - - - URBAN ISLAND LLC Property Taxes - - TOTAL - - - - PEACEFUL ROOT Property Taxes - - TOTAL - - - - TALON 2019 LOOKBACK Property Taxes 2,775 2,775 (2,775) TOTAL 2,775 2,775 - (2,775) COPPER CREEK PH2 2019 LOOKBACK Property Taxes 3,729 3,729 (3,729) TOTAL 3,729 3,729 - (3,729) GRAND ISLAND HOTEL Property Taxes - - TOTAL - - - - PARAMOUNT OLD SEARS Property Taxes - - TOTAL - - - - CENTRAL NE TRUCK WASH Property Taxes 38,790 38,790 (38,790) TOTAL 38,790 38,790 - (38,790) PRATARIA VENTURES MEDICAL OFFICE Grand Island Regular Meeting - 2/8/2023 Page 16 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 Property Taxes - - TOTAL - - - - TALON 2020 LOOKBACK PHASE 4 Property Taxes 29,043 29,043 (29,043) TOTAL 29,043 29,043 - (29,043) STAROSTKA 5TH ST LOOKBACK PHASE 1 Property Taxes - - TOTAL - - - - COPPER CREEK PHASE 2 2020 LOOKBACK Property Taxes 339 (339) TOTAL - 339 - (339) COPPER CREEK PHASE 3 2020 LOOKBACK Property Taxes 1,415 1,415 (1,415) TOTAL 1,415 1,415 - (1,415) HEDDE BUILDING 201 W 3RD Property Taxes - - TOTAL - - - - RAWR HOLDINGS LLC 110 W 2ND Property Taxes 568 568 (568) TOTAL 568 568 - (568) ORCHARD REDEVELOPMENT PROJECT Property Taxes - - TOTAL - - - - AMUR REAL ESTATE OLD WELLS FARGO Property Taxes - - TOTAL - - - - WALD 12 PROPERTIES LLC Property Taxes - - TOTAL - - - - WING PROPERTIES 112 E 3RD ST Property Taxes - - TOTAL - - - - WEINRICH DEVELOPMENT 408 E 2ND ST Property Taxes - - TOTAL - - - - O'NEILL WOOD RESOURCES Property Taxes - - TOTAL - - - - SOUTHEAST COMMONS - FONNERVIEW Property Taxes - - TOTAL - - - - Grand Island Regular Meeting - 2/8/2023 Page 17 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 PARAMOUNT 824 E 9TH ST Property Taxes - - TOTAL - - - - J&L WESTWARD ENTERPRISES CAAP Property Taxes 931 (931) TOTAL - 931 - (931) MILLER TIRE Property Taxes - - TOTAL - - - - TALON 2021 LOOKBACK PHASE 5 Property Taxes 48,524 48,524 (48,524) TOTAL 48,524 48,524 - (48,524) STAROSTKA 5TH ST 21 LOOKBACK#2 Property Taxes 340 340 (340) TOTAL 340 340 - (340) TOTAL REVENUE 605,193 1,666,562 8,075,603 6,477,430 20.64% - - - Grand Island Regular Meeting - 2/8/2023 Page 18 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 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 4,985 20,039 80,000 59,961 25.05% Printing & Binding - 1,000 1,000 0.00% Other Professional Services 10,689 10,689 16,000 5,311 66.81% General Liability Insurance - 250 250 0.00% Postage - 250 250 0.00% Legal Notices 65 500 435 13.00% Travel & Training - 4,000 4,000 0.00% Other Expenditures - - - #DIV/0! Office Supplies 35 1,000 965 3.50% Supplies - 300 300 0.00% Land 10,000 50,000 40,000 20.00% Bond Principal - Lincoln Pool 195,000 190,000 - 102.63% Bond Interest - Lincoln Pool 2,340 7,340 5,000 31.88% Fiscal Agent Fees/Bond Costs 525 - #DIV/0! PROJECTS Husker Harvest Days 200,000 200,000 - 100.00% Façade Improvement - 370,000 370,000 0.00% Building Improvement 53,000 156,593 722,000 565,407 0.00% Other Projects - 250,000 250,000 0.00% TOTAL CRA EXPENSES 68,674 595,286 1,903,640 1,313,879 31.27% GIRARD VET CLINIC Bond Principal - - - TOTAL - - - - GEDDES ST APTS - PROCON Bond Principal 32,078 32,078 - - TOTAL 32,078 32,078 - - 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 - 2/8/2023 Page 19 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 TOKEN PROPERTIES RUBY Bond Principal - - - TOTAL - - - - GORDMAN GRAND ISLAND Bond Principal - - - TOTAL - - - - BAKER DEVELOPMENT INC Bond Principal 1,932 - - TOTAL - 1,932 - - STRATFORD PLAZA LLC Bond Principal - - - TOTAL - - - - COPPER CREEK 2013 HOUSES Bond Principal 4,068 4,068 - - TOTAL 4,068 4,068 - - 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 11,441 13,953 - - TOTAL 11,441 13,953 - - TC ENCK BUILDERS Bond Principal - - - TOTAL - - - - Grand Island Regular Meeting - 2/8/2023 Page 20 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 SUPER MARKET DEVELOPERS Bond Principal - - - TOTAL - - - - MAINSTAY SUITES Bond Principal - - - TOTAL - - - - TOWER 217 Bond Principal - - - TOTAL - - - - COPPER CREEK 2015 HOUSES Bond Principal 5,517 5,517 - - TOTAL 5,517 5,517 - NORTHWEST COMMONS Bond Principal 186,023 186,023 - - TOTAL 186,023 186,023 - HABITAT - 8TH & SUPERIOR Bond Principal - - - TOTAL - - - KAUFMAN BUILDING Bond Principal - - - TOTAL - - - TALON APARTMENTS Bond Principal 91,057 91,057 - - TOTAL 91,057 91,057 - VICTORY PLACE Bond Principal - - - TOTAL - - - FUTURE TIF'S Bond Principal - 7,100,000 7,100,000 TOTAL - - 7,100,000 7,100,000 THINK SMART Bond Principal 6,400 6,400 - - TOTAL 6,400 6,400 - BOSSELMAN HQ Bond Principal - - - TOTAL - - - TALON APARTMENTS 2017 Bond Principal 105,213 105,213 - - TOTAL 105,213 105,213 - Grand Island Regular Meeting - 2/8/2023 Page 21 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 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 54,155 - - TOTAL - 54,155 - TAKE FLIGHT INVESTMENTS Bond Principal - - - TOTAL - - - PRATARIA VENTURES HOSPITAL Bond Principal 730,043 - - TOTAL - 730,043 - 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 3,729 3,729 - - TOTAL 3,729 3,729 - Grand Island Regular Meeting - 2/8/2023 Page 22 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 GRAND ISLAND HOTEL Bond Principal - - - TOTAL - - - PARAMOUNT OLD SEARS Bond Principal - - - TOTAL - - - CENTRAL NE TRUCK WASH Bond Principal 38,790 38,790 - - TOTAL 38,790 38,790 - PRATARIA VENTURES MEDICAL OFFICE Bond Principal - - - TOTAL - - - TALON 2020 LOOKBACK PHASE 4 Bond Principal 29,851 29,851 - - TOTAL 29,851 29,851 - STAROSTKA 5TH ST LOOKBACK PHASE 1 Bond Principal - - - TOTAL - - - COPPER CREEK PHASE 2 2020 LOOKBACK Bond Principal - - - TOTAL - - - COPPER CREEK PHASE 3 2020 LOOKBACK Bond Principal 1,415 1,415 - - TOTAL 1,415 1,415 - HEDDE BUILDING 201 W 3RD Bond Principal - - - TOTAL - - - RAWR HOLDINGS LLC 110 W 2ND ST Bond Principal - - - TOTAL - - - ORCHARD REDEVELOPMENT PROJECT Bond Principal - - - TOTAL - - - AMUR REAL ESTATE OLD WELLS FARGO Bond Principal - - - TOTAL - - - WALD 12 PROPERTIES LLC OLD GREENB Bond Principal - - - TOTAL - - - WING PROPERTIES 112 2 3RD ST Bond Principal - - - Grand Island Regular Meeting - 2/8/2023 Page 23 / 105 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET January-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF JANUARY 2023 TOTAL - - - WEINRICH DEVELOPMENT 408 E 2ND ST Bond Principal - - - TOTAL - - - O'NEILL WOOD RESOURCES Bond Principal - - - TOTAL - - - SOUTHEAST COMMONS - FONNERVIEW Bond Principal - - - TOTAL - - - PARAMOUNT 824 E 9TH ST Bond Principal - - - TOTAL - - - J&L WESTWARD ENTERPRISES CAAP Bond Principal - - - TOTAL - - - TALON 2021 LOOKBACK PHASE 5 Bond Principal 48,524 48,524 - - TOTAL 48,524 48,524 - STAROSTKA 5TH ST 21 LOOKBACK #2 Bond Principal - - - TOTAL - - - TOTAL EXPENSES 632,780 1,948,035 9,003,640 8,413,879 21.64% Grand Island Regular Meeting - 2/8/2023 Page 24 / 105 Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Item D1 February 2023 Bills Staff Contact: Grand Island Regular Meeting - 2/8/2023 Page 25 / 105 Grand Island Regular Meeting - 2/8/2023 Page 26 / 105 Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Item E1 January 2023 - Committed Projects and CRA Properties Staff Contact: Grand Island Regular Meeting - 2/8/2023 Page 27 / 105 COMMITTED PROJECTS REMAINING GRANT AMOUNT 2023 FISCAL YR 2024 FISCAL YR 2025 FISCAL YR ESTIMATED COMP Chamber Exterior Remodel (8/10/2022) $ 290,000.00 $ 290,000.00 Summer 2023 Hope Harbor (7/13/2022) $ 50,000.00 $ 50,000.00 Dec-22 3231 Ramada Rd (10/19/2022) $ 100,000.00 $ 100,000.00 Summer 2023 118 W 2nd St (10/19/2022) $ 100,000.00 $ 100,000.00 Summer 2023 106 N Locust (10/19/2022) $ 100,000.00 $ 100,000.00 Summer 2023 313-315 N Locust (10/19/2022) $ 100,000.00 $ 100,000.00 Summer 2023 Total Committed $ 1,004,513.00 $ 1,004,513.00 $ - $ - FIRE & LIFE SAFETY GRANT TOTAL AMOUNT 2023 FISCAL YR 2024 FISCAL YR 2025 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 2023 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 2023 2023 LEFT Façade Budgeted 2023 $ 370,000.00 $ 370,000.00 $ - Other Projects Budgeted 2023 $ 250,000.00 $ 155,000.00 $ 95,000.00 Land - Budgeted 2023 $ 50,000.00 $ - $ 50,000.00 Land Sales Budgeted 2023 $ - $ - $ - subtotal $ 525,000.00 $ 145,000.00 Balance $ 525,000.00 $ 145,000.00 BUDGET PAID LEFT Building Improvements * $ 722,000.00 $ 156,593.00 $ 565,407.00 *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 January 31, 2023 Grand Island Regular Meeting - 2/8/2023 Page 28 / 105 Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Item I1 Redevelopment Plan Amendment CRA Area 34 - Millennial Estates Subdivision property - Starostka Group Unlimited Staff Contact: Grand Island Regular Meeting - 2/8/2023 Page 29 / 105 Redevelopment Plan Amendment Grand Island CRA Area 34 July 2022 Amended February 2023 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 34 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 34. Executive Summary: Project Description THE REDEVELOPMENT APPROXIMATELY 49 ACRES OF PROPERTY LOCATED NORTH OF 13TH STREET SOUTH OF STATE STREET AND WEST OF THE MOORE’S CREEK DRAINWAY IN NORTHWEST GRAND ISLAND FOR A RESIDENTIAL HOUSING INCLUDING UP TO 120 UNITS OF HOUSING. The use of Tax Increment Financing to aid in redevelopment expenses associated with platting and installing the necessary infrastructure (streets, sanitary sewer, water, and storm sewer) for the development of 120 units of housing. The use of Tax Increment Financing is an integral part of the development plan and necessary to make this project affordable. The 2020 Housing Study for the City of Grand Island identified a need of 1361 new rental and owner occupied housing units by 2024. Starostka Group Unlimited, Inc has purchased a portion of this property and has an option to purchase rest for residential development. This project is in CRA Area 34. This redevelopment project includes two components. The first component supports the private project. The second component will support the construction of Claude Road between Faidley Avenue and State Street (the “Public Project”). The CRA will issue two TIF Notes. Seventy five percent of the TIF Revenue will be allocated to the TIF Note purchased by the Redeveloper. Twenty Five percent of the TIF Revenue will be allocated to the TIF Note to support the Public Project, which shall be assigned by the Redeveloper to the CRA. The CRA will enter into a contract with the City to install the Public Project. The City will be reimbursed for the Public Project by assignment of the TIF Note for the Public Project. Changes in the cost of construction, availability of materials and the approval of several other housing projects using Tax Increment Financing have led to this application for assistance with the project. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with the construction of units. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over multiple 15 year periods beginning either January 1, 2024 or January 1, 2025 towards the allowable costs and associated financing for the development of this property. TAX INCREMENT FINANCING TO PAY FOR THE DEVELOPMENT OF THE PROPERTY WILL COME FROM THE FOLLOWING REAL PROPERTY: Property Description (the “Redevelopment Project Area”) Grand Island Regular Meeting - 2/8/2023 Page 30 / 105 Legal Descriptions: Part of the E ½ of the SW ¼ of 12-11-10 (PID 400149971) and Part of the E ½ of the SW ¼ 12-11-10 (PID 400149966) Existing Land Use and Subject Property Grand Island Regular Meeting - 2/8/2023 Page 31 / 105 The tax increment will be captured for the tax years the payments for which become delinquent in years 2024 through 2049 inclusive. The TIF contract will be structured so it can be amended each year for up to ten years to add the housing units to be completed during that year. No single property will be eligible for TIF for a period of more than 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 development of the property for residential and commercial uses as previously described. 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 or any amendment to the redevelopment contract, consistent with this Redevelopment Plan. The plan anticipates that each phase of the development will constitute new effective date for the purposes of determining the period of fifteen years. 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 - 2/8/2023 Page 32 / 105 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 September 28, 2021.[§18-2109] Such declaration was made after a public hearing with full compliance with the public notice requirements of §18-2115 of the Act. 2. Conformation to the General Plan for the Municipality as a whole. [§18-2103 (13) (a) and §18-2110] Grand Island adopted a Comprehensive Plan on July 13, 2004. This redevelopment plan amendment and project are 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 property 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 August 3, 2022 and passed Resolution 2022-12 confirming that this project is consistent with the Comprehensive Plan for the City of Grand Island. This amendment was also submitted to the Hall County Regional Planning Commission. The Hall County Regional Planning Commission held a public hearing at their meeting on March 1, 2023 and passed Resolution 2023-XX 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 prior to it being 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 Redevelopment Plan for Area 34 provides for real property acquisition and this plan amendment does not prohibit such acquisition. 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. c. Future Land Use Plan Grand Island Regular Meeting - 2/8/2023 Page 33 / 105 See the attached map from the 2004 Grand Island Comprehensive Plan. All of the area around the site in private ownership is planned for low to medium density residential development. 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)] City of Grand Island Future Land Use Map Grand Island Regular Meeting - 2/8/2023 Page 34 / 105 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned R4 High Density Residential along 13th street and R2 Low Density Residential on the northern portion of the site. The future land use map calls for medium density to office use development across this entire site. New public streets and utilities are anticipated and needed to support this project and it is anticipated that TIF revenues will offset the costs of those improvements. No changes are anticipated in building codes or other ordinances. No other planning changes contemplated. [§18-2103(b) and §18- 2111] Current Zoning on the Site e. Site Coverage and Intensity of Use The R2 zoning district allows for one dwelling unit per 6000 square feet of lot space with a 6000 square foot minimum lot size. The RO zoning district does not limit the density of housing units but does require minimum 6000 square foot lot. The development as proposed will have a residential density of 2.4 units per acre. Appendix A of this plan includes the developer’s vision for the development. [§18-2103(b) and §18-2111] f. Additional Public Facilities or Utilities Grand Island Regular Meeting - 2/8/2023 Page 35 / 105 Sanitary sewer and water are available to support this development. Both sanitary sewer and water will need to be extended throughout the site. TIF revenues will be used to offset the cost of these public utility improvements. Electric utilities are sufficient for the proposed use of this property. Electric lines, transformers, and conduit will need to be extended throughout the property. No other publicly owned 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 been vacant for more than 1 year; no relocation is contemplated or necessary. [§18-2103.02] 5. No member of the Authority, nor any employee thereof holds any interest in any property in this Redevelopment Project Area. [§18-2106] No members of the authority or staff of the CRA have any interest in this property. 6. Section 18-2114 of the Act requires that the Authority consider: a. Method and cost of acquisition and preparation for redevelopment and estimated proceeds from disposal to redevelopers. The purchase price of the property is $810,000as an eligible expense. The estimated costs of utilities including sewer and water is $1,446,189. Streets and drainage are estimated at $2,520,655. Planning activities including engineering, architecture, legal fees and government fees are estimated at $872,706. The total of the eligible expenses for this project is estimated by the developer at $5,650,000. 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. The Authority will assist the project by granting the sum of $5,650,000 from the proceeds of the TIF. The project will include the project as describe in this plan and costs associated with building Claude Road between this property and State Street. The revenues shall be split with 75% dedicated to the residential subdivision project paid to the developer and 25% dedicated to Claude Road and paid to the city for those expenses. 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, 2024 through December 2049. c. Statement of feasible method of relocating displaced families. Grand Island Regular Meeting - 2/8/2023 Page 36 / 105 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. 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 increasing the number of residential units within the City of Grand Island and encouraging infill development. This project will also provide for the development of Claude Road and reducing congestion along Diers Avenue within the City of Grand Island. 8. Time Frame for Development Development of this project is anticipated to begin in the 2023 year. The build out of the subdivision is planned in five phases between 2024 and 2033. It is anticipated that the units in this development will be fully built out by 2033 with the tax increment on those homes extending to 2048. Excess valuation should be available for the first homes built with this project for 15 years beginning with either the 2024 or 2025 tax year, depending on the timing of the first phase. 9. Justification of Project The 2020 housing study for the City of Grand Island projected that by 2024 we would need an additional 1361 new housing units. There should be 902 non-age restricted units with 518 owner occupied and with 384 rental units. There should be 459 age restricted unit 459 with 222 as 55+ owner occupied and with 237 as 55+ rental units. Between January 1 of 2020 and December of 2021 the city issued permits for 430 new housing units including both restricted and unrestricted units leaving a need for 931 additional units by 2024. The current housing market, a combination of the cost of producing Grand Island Regular Meeting - 2/8/2023 Page 37 / 105 housing and the prevailing wages, has not created a situation that gives the markets sufficient incentive to build the number housing units required to meet community needs. This lack of housing options impacts a variety of other areas within the community including work force development, overcrowding, and maintenance of residential units. This project will create new housing options for all citizens and potential citizens of Grand Island and will likely result in the sale of existing homes 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. (2019), the City of Grand Island has analyzed the costs and benefits of the proposed Redevelopment Project, including: Project Sources and Uses. Approximately $5,650,000 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 $32,424,550 in private sector financing and investment; a private investment of $5.74 for every TIF dollar invested. Use of Funds Source of funds Description TIF Funds Private Funds Total Site Acquisition $810,000 $810,000 Building Costs $32,400,000 $32,400,000 Sewer and Water $1,446,189 $1,446,189 Public Streets/ sidewalks $1,108,155 $1,108,155 Planning (Arch. & Eng.) $872,706 $872,706 Legal/ TIF contract $450 $24,550 $25,000 25% for Claude Road $1,412,500 $1,412,500 Total $5,650,000 $32,424,550 $38,074,550 Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2023 valuation of approximately $149,793. Based on the 2021 levy this would result in a real property tax of approximately $3,247. It is anticipated that the assessed value will increase by $32,400,000 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $699,000 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 bonds, but would be used for eligible private redevelopment costs to enable this project to be realized. Estimated 2023 assessed value: $ 149,793 Estimated value after completion $ 32,400,000 Increment value $ 32,250,261 Annual TIF generated (estimated) $ 699,308 TIF bond issue $ 5,650,000 Grand Island Regular Meeting - 2/8/2023 Page 38 / 105 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $89,739. The proposed redevelopment will create additional valuation of $32,400,000 over the course of the next ten years. The project creates additional valuation that will support taxing entities long after the project is paid off along with providing 120 additional housing units and provide for the development and construction of Claude Road on the east side of this property. The tax shift from this project will be equal to the total of the bond principal of $5,650,000 if fully funded and any associated interest on the bond to be assigned with contract approval. (b) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; 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 is infill development with services connecting to existing line with capacity. This development will result in a larger number of students for Grand Island Public Schools. Fire and police protection are available and should not be negatively impacted by this development though there will be some increased need for officers and fire fighters as the City continues to grow whether from this project or others. (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 options for the residents of Grand Island. The National Homebuilders Association estimated in a 2014 study1 that each unit of single family housing resulted in 2.97 full time equivalent jobs so this development at 13 units per year would represent an additional 39 FTE’s within the city for the next nine years. (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 different from any other expanding business within the Grand Island area. Grand Island does have tight labor market and part of that is due to the availability and cost of housing. This development may help alleviate some of those pressures. (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 the elementary and secondary school levels. 1 https://www.nahb.org/news-and-economics/housing-economics/housings-economic-impact/impact-of- home-building-and-remodeling-on-the-us-economy Grand Island Regular Meeting - 2/8/2023 Page 39 / 105 The average number of persons per household in Grand Island for 2015 to 2019 according the American Community Survey is 2.61. 120 additional households would house 313 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 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 an additional 60 school age children generated by this development. If this develops at a rate of 13 units per year for 9 years approximately 7 children could be added to the school age population every year with this development. These 7 children will likely be spread over the full school age population from elementary to secondary school. 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 31, 2022 that the CRA would be considering this application at their July 13, 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 is consistent the goals of the 2020 Housing Study for the City of Grand Island to create more than 1361 new housing units. Between January of 2020 and December of 2021 the City of Grand Island has issue permits for 430 housing units. The local housing market is not capable of producing the number of units needed at market rate given the costs of building and development. Twenty Five percent of the increment generated approximately $1,412,500 will be made available to the City of Grand Island for the development of Claude Road along the east side of property. Time Frame for Development Development of this project is anticipated to be completed between Spring of 2023 and the end of 2033. The base tax year should be calculated on the value of the property as of January 1, 2023 for the first phase with each phase based on the preceding year’s valuation of the property included in the amendment for that year. Excess valuation should be available for this project beginning in 2024 with taxes due in 2025. Provided, however, if the first phase is not completed in 2023 to create an increase in the ad valorem taxes for the 2024 tax year, then the base year shall be January 1, 2024 and the first year for division of taxes will be 2025. Excess valuation will be used to pay the TIF Indebtedness issued by the CRA per the contract between the CRA and the developer for a period not to exceed 15 years on each property or an amount not to exceed a base amount of $5,650,000 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 $5,650,000 on TIF eligible activities. 2 https://nces.ed.gov/ccd/districtsearch/district_detail.asp?ID2=3100016 Grand Island Regular Meeting - 2/8/2023 Page 40 / 105 Proposed Phasing of the Development Grand Island Regular Meeting - 2/8/2023 Page 41 / 105 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 ________ 6/7/2022 MISC TRACTS 12-11-10 PT E1/2 SW1/4 and MISCELLANEOUS TRACTS 12-11-10 PT E 1/2 SW 1/4 34.41 AC (3812 W. 13th) Starostka Group Unlimited, Inc. 429 Industrial Lane (308) 385-0636 jordanstar@stargroupunl.com Jordan Starostka Applicant is a developer and contractor that provides comprehensive contracting for residential, commercial, and civil/industrial projects. Grand Island Regular Meeting - 2/8/2023 Page 42 / 105 Form Updated 7-25-2019cn Page | 2 Present Ownership Proposed Project Site: ________________________________________________________________ _____________________________________ Is purchase of the site contingent on Tax Increment Financing Approval? Yes No Proposed Project: Building square footage, size of property, description of buildings – materials, etc. Please attach site plan, if available. ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________ If Property is to be Subdivided, Show Division Planned: VI.Estimated Project Costs: Acquisition Costs: A. Land $ ______________ B. Building $ ______________ Construction Costs: A. Renovation or Building Costs:$ ______________ B. On-Site Improvements: Sewer $ ______________ Water $ ______________ Electric $ ______________ Gas $ ______________ Public Streets/Sidewalks $ ______________ See attached preliminary site plan See attached explanation of estimated costs Starostka Group, Unlimited (PID 400149971) Blender, LLC (PID 400149966) 4 Redeveloper intends to construct an approximately 120 unit residential subdivision in multiple phases. The project site is currently vacant and in the need of significant infrastructure improvements to be developable and usable for any purposes. See attached preliminary proposed site plan. The project will consist of three phases of residential development, with subphases as appropriate, and a phase for the construction of Claude Road. The phases are referred to on the site plan as (i) Phase 1, (ii) Phase 2, (iii) Phase 3, and (iv) Claude Road. Grand Island Regular Meeting - 2/8/2023 Page 43 / 105 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 $ ______________ 32,400,000 $270,000 per unit x 120 residential units Grand Island Regular Meeting - 2/8/2023 Page 44 / 105 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 Please see attached explanation There will be approximately 120 residential units. Based on applicant's plan to develop and construct workforce housing, we are assuming an average valuation of approximately $270,000 per unit. There will likely be some difference between units, but the average value of $270,000 and a presumed tax levy of 2.161133 would yield a annual real estate tax of $5,835 per lot. While the construction of the units will be phased, when completed the taxes on the entire project would be approximately $646,200 ($5,385x120) 2022 anticipated 2028 ( would like flexibility until Grand Island Regular Meeting - 2/8/2023 Page 45 / 105 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: ______________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________ Redeveloper is requesting $5,650,000 in TIF over all of the phases of the project. Redeveloper is requesting the TIF bond be issued at 8% interest. TIF would assist with the cost of the infrastructure improvements necessary to develop the project site. This would include approximately: $810,000 in site acquisition, $4,000,000 in infrastructure improvements, $873,000 in architectural, engineering, and legal fees, and 8% interest on the TIF bond. The 8% interest is necessary to justify the long term commitment and risk over the multi-year, multiple phase redevelopment project. See attached addendum for additional information. Applicant desires to develop a residential subdivision with approximately 120 workforce housing units. The goal for the workforce housing units is to keep the average final value at approximately $270,000 per unit. Construction costs are so high right that this will be a challenge. Without the requested TIF assistance, which equates to approximately $83,000 per lot, this would be impossible. A large scale subdivision like the proposed project is simply not possible with the required cost of infrastructure without the assistance of TIF. It would be particularly impossible to build any workforce housing without TIF, because the applicant could never recover its costs, let alone make any profit necessary for the risk involved with this project. Grand Island Regular Meeting - 2/8/2023 Page 46 / 105 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 - 2/8/2023 Page 47 / 105 71 79 72 80 65 73 66 74 67 75 68 76 69 77 70 78 58 50 57 49 64 56 63 55 62 54 61 53 60 52 59 51 39 47 40 48 33 41 34 42 35 43 36 44 37 45 38 46 26 18 25 17 32 24 31 23 30 22 29 21 28 20 27 19 114 107 99 OUTLOT A 106 98 120 113 105 97 119 112 104 96 118 111 103 95 117 110 102 94 116 109 101 93 115 108 100 92 81 82 83 84 89 90 9185868788 11 3 10 2 9 1 16 8 15 7 14 6 13 5 12 4 95.1'119.8'95.1'119.6'70.0'120.0'70.0'70.0'120.1'70.0'70.0'120.3'70.0'70.0'120.5'70.0'70.0'120.6'70.0'70.0'120.8'70.0'70.0'121.0'70.0'70.0'121.1'70.0'70.0'121.3'70.0'70.0'121.4'70.0'70.0'121.6'70.0'70.0'121.8'70.0'70.0'121.9'70.0'70.0'122.1'70.0'84.0'122.3'84.0'84.9'118.0'85.2'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'96.6'96.6'118.0' 118.0'96.6'118.0' 118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'85.4'84.8'118.0'85.1'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'70.0'70.0'118.0'97.3'97.3'118.0' 118.0'30.3'1 0 5 .24'51.0' 118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'70.0'118.0'85.3'70.0'130.7'70.0'131.6'70.0'129.8'70.0' 70.0'128.9'70.0'127.7'87.4' 87.7' 80.0'126.9'79.7'125.9'70.0' 70.0'125.0'70.0' 70.0'124.1'70.0' 70.0'123.2'70.0' 70.0'122.3'80.0' 80.0'121.2'120.1'86.0' 86.3' 90.0'56.8'90.0'56.6'50.0'50.0'90.0'50.0'50.0'90.0'50.0'50.0'90.0'50.0'50.0'90.0'50.0'50.0'90.0'50.0'50.0'90.0'50.0'50.0'90.0'50.0'50.0'90.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'50.0'5.3'44.68'50.0'50.21'39.2'60.80'20.89'125.35'164.48'90.7'191.8' 41.9'132.8'53.2 6 '74.7'122.0'23.0'70.0' 70.0'122.1'70.0' 70.0'122.3'70.0' 70.0'122.5'75.0' 75.0'122.7'75.0' 75.0'122.8'80.0' 80.0'123.0'90.0' 90.0' 90.0' 90.0' 90.0' 90.0' 90.0' 90.0' 90.0' 90.0' 91.3' 95.8' 107.2' 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 68801MILLENNIAL ESTATES SUBDIVISIONPRELIMINARY PLATGRAND ISLAND, NEBRASKA20223LOT LAYOUTSMG BJD BJD 022-00432 5.5.2022 1 of PHASE 1 39 LOTS PHASE 2 39 LOTS PHASE 3 42 LOTS CLAUDE RD13TH ST 120 TOTAL LOTS Grand IslandRegular Meeting - 2/8/2023Page 48 / 105 Explanation of Estimated Costs LAND ACQUISITION: • PID 400149971 was recently acquired for approximately $410,000 • PID 400149966 is under contract and will be acquired for approximately $400,000 TIF USES: Total proposed TIF uses for the Project are approximately $5,650,000: Subdivision Phase 1 $1,613,788 Subdivision Phase 2 $1,521,263 Subdivision Phase 3 $1,321,582 Claude Road $1,192,916 Total $5,649,549 Redeveloper requests a TIF Bond with an interest rate of 8%. The 8% interest rate is necessary for the financing and investment, based on the risk of the large infrastructure investment for the multi-phase project. The TIF uses consist of site acquisition costs, site preparation, utility and infrastructure improvements, and engineering, architectural, and legal fees. The proposed TIF uses by phase are set forth in the chart below: MILLENIAL ESTATES REDEVELOPMENT PROJECT Phase Phase 2 Phase 3 Phase 4 Claude Rd total Lots 39 39 42 0 120 Anticipated Construction Year 2022 2025 2027 2027 n/a TIF Uses (see below) $1,613,788 $1,521,263 $1,321,582 $1,192,916 $5,649,549 TIF USES PAVING / Grading $526,873 $568,590 $561,792 $738,400 $2,395,655 Utilities (Water & Wastewater) $402,339 $320,478 $461,472 $114,400 $1,298,689 Dewatering $57,500 $30,000 $60,000 $0 $147,500 Lighting / Striping $0 $0 $0 $125,000 $125,000 TOTAL INFRASTRUCTURE $986,712 $919,068 $1,083,264 $977,800 $3,966,844 Site Acquisition $410,000 $400,000 $0 $0 $810,000 Survey, Engineering, Legal $217,077 $202,195 $238,318 $215,116 $872,706 Total $1,613,788 $1,521,263 $1,321,582 $1,192,916 $5,649,549 Grand Island Regular Meeting - 2/8/2023 Page 49 / 105 All costs set forth herein are preliminary estimates and will be certified upon completion. Given the current state of labor and materials pricing in the construction industry, it is likely that the prices will continue to increase and will not go down any time soon. OVERALL PROJECT COSTS: In addition to the initial $5,650,000 for public improvements, Applicant will construct 120 residential dwelling units. Because of the unstable cost of labor and materials in the construction industry and the long term construction schedule, it is impossible to determine the construction costs for the private improvements. However, applicant’s goal is to construct workforce housing – targeting an average house valuation of approximately $270,000. Accordingly, the final valuation is anticipated to be approximately $32,400,000 when construction of the entire project is completed, so total construction costs of more than $30,000,000 is a reasonable estimate at this point. Grand Island Regular Meeting - 2/8/2023 Page 50 / 105 Construction Schedule The Project will be built in four (4) phases: three phases of residential units and the Claude Road phase. Each residential phase shall be completed in up to three (3) subphases. The residential phases are referred to herein as Phase 1, Phase 2, and Phase 3. Redeveloper desires to complete the project by the end of 2027. However, Redeveloper desires to built in a little flexibility to account for the unknown market conditions that will affect the project. First, applicant’s desired schedule is set forth below: Completion date Effective Date Phase 1 Subphase 1 12/31/2023 1/1/2024 Subphase 2 12/31/2024 1/1/2025 Phase 2 Subphase 1 12/31/2025 1/1/2026 Subphase 2 12/31/2026 1/1/2027 Phase 3 Subphase 1 12/31/2027 1/1/2028 Subphase 2 12/31/2028 1/1/2029 Claude Road 12/31/2027 n/a Because the construction schedule will depend on market conditions and absorption rate of new home purchases, Redeveloper desires to build a little flexibility into the schedule required by the Redevelopment Agreement. Therefore, while Redeveloper intends to try to complete the project by the desires schedule set forth above, the proposed schedule for the Redevelopment Agreement is set forth below: Completion date Effective Date Phase 1 Subphase 1 12/31/2023 1/1/2024 Subphase 2 12/31/2024 1/1/2025 Subphase 3 12/31/2025 1/1/2026 Phase 2 Subphase 1 12/31/2026 1/1/2027 Subphase 2 12/31/2027 1/1/2028 Subphase 3 12/31/2028 1/1/2029 Phase 3 Subphase 1 12/31/2029 1/1/2030 Subphase 2 12/31/2030 1/1/2031 Subphase 3 12/31/2031 1/1/2032 Claude Road 12/31/2029 n/a Grand Island Regular Meeting - 2/8/2023 Page 51 / 105 Here is a more detailed explanation of the more conservative schedule set forth above: Phase 1 It is anticipated that the infrastructure for Phase 1 will commence in 2022. It will take up to three (3) subphases to complete the 39 residential units consisting of Phase 1. While construction may occur quicker depending on the market, current assumptions are that 1/3 of the units (13 units) will be built each year, such that the Phase 1 schedule will be: • Infrastructure construction: 2022 • 13 homes built: 2023 • 13 homes built: 2024 • 13 homes built: 2025 Phase 2 It is anticipated that the infrastructure for Phase 2 will commence in 2025. It will take up to three (3) subphases to complete the 39 residential units consisting of Phase 2. While construction may occur quicker depending on the market, current assumptions are that 1/3 of the units (13 units) will be built each year, such that the Phase 2 schedule will be: • Infrastructure construction: 2025 • 13 homes built: 2026 • 13 homes built: 2027 • 13 homes built: 2028 Phase 3 It is anticipated that the infrastructure for Phase 3 will commence in 2027 or 2028. It will take up to three (3) subphases to complete the 42 residential units consisting of Phase 3. While construction may occur quicker depending on the market, current assumptions are that 1/3 of the units (14 units) will be built each year, such that the Phase 3 schedule will be: • Infrastructure construction: 2028 • 14 homes built: 2029 • 14 homes built: 2030 • 14 homes built: 2031 Claude Road Claude Road will be constructed by the time the first homes are built for Phase 3. It is intended that this will occur by December 31, 2027, but in no case will this be later than December 31, 2029. 4864-3080-6824, v. 1 Grand Island Regular Meeting - 2/8/2023 Page 52 / 105 Grand Island Regular Meeting - 2/8/2023 Page 53 / 105 Starostka Millennial Area 34 Amended Plan February 2023 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 396 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 8th day of February, 2023 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Grand Island Regular Meeting - 2/8/2023 Page 54 / 105 Community Redevelopment Authority (CRA) Wednesday, February 8, 2023 Regular Meeting Item I2 Redevelopment Plan Amendment CRA Area 31 - 1703 Ada Street and 1703 Henry Street in Grand Island - JBA Ventures, LLC Staff Contact: Grand Island Regular Meeting - 2/8/2023 Page 55 / 105 Redevelopment Plan Amendment Grand Island CRA Area 31 February 2023 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 31 with in the city, pursuant to the Nebraska Community Development Law (the “Act”) and provide for the financing of a specific redevelopment project in Area 31. Executive Summary: Project Description THE REDEVELOPMENT OF PROPERTIES LOCATED AT 1703 HENRY STREET AND 1703 ADA STREET FOR RESIDENTIAL USES. The use of Tax Increment Financing to aid in rehabilitation expenses associated with redevelopment of the both the Henry and Ada Street properties. The developer is proposing to develop multifamily residential in four buildings with 18 units (10 one bedroom and 8 two bedroom) at this location. This project would not be feasible without the use of TIF. 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, 2025 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 properties are located at 1703 Henry Street and 1703 Ada Street in Grand Island Nebraska, the attached map identifies the subject property and the surrounding land uses. Legal Descriptions: Lots 1 and 2 of Block 2 of Dawn Subdivision and the West 111 feet of lot 1 and all of lot 2 of Block 1 of Dawn Subdivision in the City of Grand Island, Hall County, Nebraska. Grand Island Regular Meeting - 2/8/2023 Page 56 / 105 Existing Land Use and Subject Property Grand Island Regular Meeting - 2/8/2023 Page 57 / 105 The tax increment will be captured for the tax years the payments for which become delinquent in years 2024 through 2041 inclusive for no more than a 15 year period on any portion of the project. 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 4 apartment buildings on these lots. Statutory Pledge of Taxes. In accordance with Section 18-2147 of the Act and the terms of the Resolution providing for the issuance of the TIF Note, the Authority hereby provides that any ad valorem tax on the Redevelopment Project Area for the benefit of any public body be divided for a period of fifteen years after the effective date of this provision as set forth in the Redevelopment Contract, consistent with this Redevelopment Plan. Said taxes shall be divided as follows: a. That portion of the ad valorem tax which is produced by levy at the rate fixed each year by or for each public body upon the redevelopment project valuation shall be paid into the funds, of each such public body in the same proportion as all other taxes collected by or for the bodies; and b. That portion of the ad valorem tax on real property in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of; the interest on, and any premiums due in connection with the bonds, loans, notes, or advances on money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such Authority for financing or refinancing, in whole or in part, a redevelopment project. When such bonds, loans, notes, advances of money, or indebtedness including interest and premium due have been paid, the Authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon real property in such redevelopment project shall be paid into the funds of the respective public bodies. Pursuant to Section 18-2150 of the Act, the ad valorem tax so divided is hereby pledged to the repayment of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by the CRA to finance or refinance, in whole or in part, the redevelopment project, including the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness. Redevelopment Plan Amendment Complies with the Act: The Community Development Law requires that a Redevelopment Plan and Project consider and comply with a number of requirements. This Plan Amendment meets the statutory qualifications as set forth below. 1. The Redevelopment Project Area has been declared blighted and substandard by action of the Grand Island City Council on July 28, 2020.[§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) Grand Island Regular Meeting - 2/8/2023 Page 58 / 105 (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. The Hall County Regional Planning Commission held a public hearing at their meeting on March 1, 2023 and passed Resolution 2023-xx confirming that this project is consistent with the Comprehensive Plan for the City of Grand Island. 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 provide for the demolition and removal any structures on this property. Some structures have already been demolished and removed to prepare for this project and those expenses will be eligible for reimbursement as permitted by statutes. 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 mixed use manufacturing development; this includes uses allowed in the general business district like housing and more intense uses like those found north of this site. A majority of the development along Henry and Ada Streets south of South Street is multifamily residential in nature and has been for more than 25 years. 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 - 2/8/2023 Page 59 / 105 City of Grand Island Future Land Use Map Grand Island Regular Meeting - 2/8/2023 Page 60 / 105 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned M2 Heavy Manufacturing zone. The developer has submitted a request to change the zoning to B2 General Business. All of the properties south of these are zoned B2 and such changes would be consistent with the future land use map. 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 B2 zone would allow residential uses at a density of up to 1 unit per 1000 square feet of property with up to 100% of property covered with a 10 foot setback along the street sides. [§18-2103(b) and §18-2111] f. Additional Public Facilities or Utilities Sewer and water are available and can be extended to support this development. Electric utilities are sufficient for the proposed use. No other utilities would be impacted by the development. The developer will be responsible for installing any sidewalks needed with this 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 has established a purchase price of the property of $460,000. The estimated costs for demolition and site work are $94,000. Total costs for utilities and public streets and sidewalks and private streets is estimated at $533,787. Architecture and planning fees will be $25,859. Legal and fees for reimbursement to the City and the CRA for costs to prepare the contract and monitor the project over the course of the development of $10,000 are included in the eligible expenses. The total of eligible expenses for this project exceeds $1,124,000. The developer will also invest almost $6,000,000 in private funds into the construction of the project. No property will be transferred to redevelopers by the Authority. The developer will provide and secure all necessary financing. Grand Island Regular Meeting - 2/8/2023 Page 61 / 105 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 $950,932 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, 2025 through December 2040. 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 some of these have been demolished prior to consideration of this plan in anticipation of this project. These residential units will be similar to the ones located south of this property that were developed in the mid to late 1990’s. 8. Time Frame for Development Development of this project is anticipated to be completed by December of 2025. Excess valuation should be available for this project for 15 years on each structure beginning with the 2025 tax year. 9. Justification of Project Housing is a critical need in Grand Island and across Nebraska. This project would add 18 units of housing similar to the housing that has been located on Henry and Ada streets since the mid 1990’s. 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. Grand Island Regular Meeting - 2/8/2023 Page 62 / 105 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 $950,932 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 $6,604,164 in private sector financing; a private investment of $6.92 for every TIF dollar invested. Use of Funds Source of funds Description TIF Funds Private Funds Total Acquisition $460,000 $460,000 Building Costs $5,919,726 $5,919,726 Demolition $54,000 $54,000 Utilities $302,197 $8,500 $310,792 Public Streets/Sidewalk $84,735 $84,735 Private Streets $138,800 $138,800 Grading/Dirtwork $40,000 $40,000 Planning (Arch. & Eng.) $25,859 $25,859 Financing fees/ audit $491,063 $491,063 Legal/ TIF contract $10,000 $10,000 Total $950,932 $6,583,948 $7,534,975 Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2024, valuation of approximately $213,282. Based on the 202e levy this would result in a real property tax of approximately $4,514. It is anticipated that the assessed value will increase by $5,247,186 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $111,042 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 on each phase of the project, 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 2022 assessed value: $ 213,282 Estimated value after completion $5,460,468 Increment value $5,247,186 Annual TIF generated (estimated)$111,042 TIF bond issue $950,932 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $213,282 The proposed redevelopment will create additional valuation of $5,247,186. No tax shifts are anticipated from the project outside of the use of TIF to support the redevelopment. It is not anticipate that any additional tax burdens will be assumed by public entities as a result of this project. The project creates additional valuation that will support taxing entities long after the project is paid off. Grand Island Regular Meeting - 2/8/2023 Page 63 / 105 (b) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; Existing water and waste water facilities are sufficient to accommodate this development but will need to be extended to serve the properties. The electric utility has sufficient capacity to support the development. It is not anticipated that this will impact schools in any significant way. Fire and police protection are available and should not be negatively impacted by this development. (c) Impacts on employers and employees of firms locating or expanding within the boundaries of the area of the redevelopment project; This will not have an impact on employers within the area.. (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 residential options for residents of Grand Island. (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 are two bedroom units and unlikely to be a family unit, especially for families with school age children. The developer intends to market these primarily to seniors 59 years and older. 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 2020 census 19.8% of the population of Grand Island was between the ages of 5 and 18. 2020 census and 2022 ACS. If the averages hold it would be expected that there would be a maximum of 19 school age child generated by this development. This is mitigate by the fact that 10 of the 18 proposed units are one bedroom units and the other 8 units are only two bedroom. (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 expand housing opportunities in the city and is infill development that will not create additional costs for the city. Time Frame for Development Development of this project is anticipated to be completed by December of 2025. The base tax year will vary between January 1, 2024 or 25 and January 1, 2026. Excess valuation should be available for each phase of this project for 15 years beginning in Grand Island Regular Meeting - 2/8/2023 Page 64 / 105 2024 with taxes due in 2025. 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 18 years with no more than 15 years on any phase of the project or an amount not to exceed $950,932 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 $1,124,000 on TIF eligible activities in excess of other grants given. Grand Island Regular Meeting - 2/8/2023 Page 65 / 105 Grand Island Regular Meeting - 2/8/2023 Page 66 / 105 Grand Island Regular Meeting - 2/8/2023 Page 67 / 105 Grand Island Regular Meeting - 2/8/2023 Page 68 / 105 Grand Island Regular Meeting - 2/8/2023 Page 69 / 105 Grand Island Regular Meeting - 2/8/2023 Page 70 / 105 Grand Island Regular Meeting - 2/8/2023 Page 71 / 105 Grand Island Regular Meeting - 2/8/2023 Page 72 / 105 Grand IslandRegular Meeting - 2/8/2023Page 73 / 105 Grand IslandRegular Meeting - 2/8/2023Page 74 / 105 ADA STREETHENRY STREETEAST PRIVATE DRIVE (100+25 - 102+82.40) 1855 1860 1865 1870 1855 1860 1865 1870 100+25 101+00 102+00 102+82.40 WEST PRIVATE DRIVE (200+25 - 203+16) 1855 1860 1865 1870 1855 1860 1865 1870 200+25 201+00 202+00 203+00 203+16 REVISIONSNO.REV.DATEREVISIONS DESCRIPTIONproject no.: approved by: checked by: drawn by: drawing no.: QA/QC by: date: SHEET www.olsson.comTEL 308.384.8750201 East 2nd StreetGrand Island, NE 68801BAASCH SUBDIVISIONGRAND ISLAND, NE20221GRADING PLANHM NJ NJ 022-00418 C_GRD_02200418 11/28/2022 1 ofPRELIMINARYNOT TO BE USED FOR CONSTRUCTIONDATE PRINTEDOLSSON November 28, 2022EXHIBIT D Grand Island Regular Meeting - 2/8/2023 Page 75 / 105 SOUTH STREET ADA STREETHENRY STREETREVISIONSNO.REV.DATEREVISIONS DESCRIPTIONproject no.: approved by: checked by: drawn by: drawing no.: QA/QC by: date: SHEET www.olsson.comTEL 308.384.8750201 East 2nd StreetGrand Island, NE 68801BAASCH SUBDIVISIONGRAND ISLAND, NE20221CONCEPT PLANNJ NJ 022-00418 2022/11/23 1 ofPRELIMINARYNOT TO BE USED FOR CONSTRUCTIONDATE PRINTEDOLSSON November 29, 2022Grand Island Regular Meeting - 2/8/2023 Page 76 / 105 A B C C D E E F G H I J K L M N GENERAL ABBREVIATIONS O P R S T U V W SPECIAL SYMBOLS SHEET INDEX GRAPHIC SYMBOLS GRAND ISLAND, NE. I.T.TITLE SHEETMATERIAL INDICATIONS NEW 4-PLEX FOR COORDINATING T.01 A3.01 B A3.01 1 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION:DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 Grand Island Regular Meeting - 2/8/2023 Page 77 / 105 ACCESSIBLE ROUTE MANEUVERING CLEARANCES AT DOORS OUTDOOR SIGNAGE SINGLE TOILET REQUIREMENTS BATHROOM FIXTURES & ACCESSORIES TOILET STALL REQUIREMENTS PARKING SPACES DRINKING FOUNTAINS ACCESSIBLE SHOWER HANDRAIL CLEARANCE PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 ADA INFORMATIONADA Grand Island Regular Meeting - 2/8/2023 Page 78 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 FOUNDATION PLAN FOUNDATION PLANA1.01 Grand Island Regular Meeting - 2/8/2023 Page 79 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 LIVING HALL MASTER BEDROOM MASTER BATH WALK-IN CLO. TOILET LAUNDRY/ FURNACE KITCHEN GARAGE GARAGE LIVING KITCHEN BEDROOM #1 CLO. TOILET HALL LAUNDRY/ FURNACE MASTER BEDROOM WALK-IN CLO. MASTER BATH LIVING HALL MASTER BEDROOM MASTER BATH WALK-IN CLO. TOILET KITCHENLAUNDRY/ FURNACE GARAGE LIVING KITCHEN GARAGE BEDROOM #1 CLO. TOILET HALL LAUNDRY/ FURNACE MASTER BEDROOM MASTER BATH WALK-IN CLO.FIRST FLOOR COMPOSITE PLANA1.02 FIRST FLOOR COMPOSITE PLAN LIFE SAFEY SUMMARYLEGEND METER Grand Island Regular Meeting - 2/8/2023 Page 80 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 LIVING HALL MASTER BEDROOM MASTER BATH WALK-IN CLO. TOILET LAUNDRY/ FURNACE KITCHEN GARAGE GARAGE LIVING KITCHEN BEDROOM #1 CLO. TOILET HALL LAUNDRY/ FURNACE MASTER BEDROOM WALK-IN CLO. MASTER BATH METER PARIAL FIRST FLOOR PLAN - 'AREA 'A'PARTIAL FIRST FLOOR PLAN - AREA 'A'A1.03 MATERIAL KEYING LEGEND LEGEND Grand Island Regular Meeting - 2/8/2023 Page 81 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 LIVING HALL MASTER BEDROOM MASTER BATH WALK-IN CLO. TOILET KITCHEN LAUNDRY/ FURNACE GARAGE LIVING KITCHEN GARAGE BEDROOM #1 CLO. TOILET HALL LAUNDRY/ FURNACE MASTER BEDROOM MASTER BATH WALK-IN CLO. PARIAL FIRST FLOOR PLAN - 'AREA 'B'PARTIAL FIRST FLOOR PLAN - AREA 'B'A1.04 MATERIAL KEYING LEGEND LEGEND Grand Island Regular Meeting - 2/8/2023 Page 82 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 ROOF PLAN ROOF PLANA1.05 Grand Island Regular Meeting - 2/8/2023 Page 83 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 FRONT EXTERIOR ELEVATION SIDE EXTERIOR ELEVATION REAR EXTERIOR ELEVATION EXTERIOR ELEVATIONSA2.01 SIDE EXTERIOR ELEVATION Grand Island Regular Meeting - 2/8/2023 Page 84 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL GENERAL NOTES SQUARE FOOTAGE 11-10-2022 11-10-2022PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-20221TYP. EXTERIOR WALL SECTION A3.01WALL SECTION2 2-HOUR FIRE WALL Grand Island Regular Meeting - 2/8/2023 Page 85 / 105 A B C C D E E F G H I J K L M N GENERAL ABBREVIATIONS O P R S T U V W SPECIAL SYMBOLS SHEET INDEX GRAPHIC SYMBOLS GRAND ISLAND, NE. I.T. PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 5-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION:DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 11-10-2022 11-10-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 GENERAL NOTES SQUARE FOOTAGE TITLE SHEETMATERIAL INDICATIONS NEW 5-PLEX FOR COORDINATING T.01 A3.01 B A3.01 1 Grand Island Regular Meeting - 2/8/2023 Page 86 / 105 ACCESSIBLE ROUTE MANEUVERING CLEARANCES AT DOORS OUTDOOR SIGNAGE SINGLE TOILET REQUIREMENTS BATHROOM FIXTURES & ACCESSORIES TOILET STALL REQUIREMENTS PARKING SPACES DRINKING FOUNTAINS ACCESSIBLE SHOWER HANDRAIL CLEARANCE PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 5-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 11-10-2022 11-10-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 GENERAL NOTES SQUARE FOOTAGE ADA INFORMATIONADA Grand Island Regular Meeting - 2/8/2023 Page 87 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 5-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 11-10-2022 11-10-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 GENERAL NOTES SQUARE FOOTAGE FOUNDATION PLAN A1.01FOUNDATION PLANGrand Island Regular Meeting - 2/8/2023 Page 88 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 5-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 11-10-2022 11-10-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 GENERAL NOTES SQUARE FOOTAGE FIRST FLOOR COMPOSITE PLAN FIRST FLOOR COMPOSITE PLANA1.02 LIVING HALL MASTER BEDROOM MASTER BATH MASTER CLO. KITCH.LAUNDRY/ FURNACE GARAGE GARAGE LIVING KITCH.BEDROOM #1 CLO. TOILET TOILET HALL LAUNDRY/ FURNACE MASTER BEDROOM MASTER CLO.MASTER BATH LIVING HALL MASTER BEDROOM MASTER BATH MASTER CLO. TOILET KITCH. LAUNDRY/ FURNACE GARAGE LIVING GARAGE KITCH.BEDROOM #1 CLO. TOILET HALL LAUNDRY/ FURNACE MASTER BATH MASTER CLO. MASTER BEDROOM LIVING HALL MASTER BEDROOM MASTER BATH MASTER CLO. TOILET KITCH.LAUNDRY/ FURNACE GARAGE METER LIFE SAFEY SUMMARYLEGEND Grand Island Regular Meeting - 2/8/2023 Page 89 / 105 LIVING HALL MASTER BEDROOM MASTER BATH MASTER CLO. KITCH.LAUNDRY/ FURNACE GARAGE GARAGE LIVING KITCH.BEDROOM #1 CLO. TOILET TOILET HALL LAUNDRY/ FURNACE MASTER BEDROOM MASTER CLO.MASTER BATH LIVING HALL MASTER BEDROOM MASTER BATH MASTER CLO. TOILET KITCH. LAUNDRY/ FURNACE GARAGE LIVING KITCH. GARAGE LIVING GARAGE KITCH.BEDROOM #1 CLO. TOILET HALL LAUNDRY/ FURNACE MASTER BATH MASTER CLO. MASTER BEDROOM LIVING HALL MASTER BEDROOM MASTER BATH MASTER CLO. TOILET KITCH.LAUNDRY/ FURNACE GARAGE METER PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 4-PLEX &5-PLEX FOR BAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 04-08-2022 04-08-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 04-08-2022 GENERAL NOTES PARTIAL FIRST FLOOR PLAN ' AREA 'B' PARTIAL FIRST FLOOR PLAN - AREA 'A'FIRST FLOOR ENGLARGED PLANSA1.03 MATERIAL KEYING LEGEND LEGEND Grand Island Regular Meeting - 2/8/2023 Page 90 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 5-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 11-10-2022 11-10-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 GENERAL NOTES SQUARE FOOTAGE ROOF PLAN ROOF PLANA1.04 Grand Island Regular Meeting - 2/8/2023 Page 91 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 5-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 11-10-2022 11-10-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 GENERAL NOTES SQUARE FOOTAGE FRONT EXTERIOR ELEVATION SIDE EXTERIOR ELEVATION REAR EXTERIOR ELEVATION EXTERIOR ELEVATIONSA2.01 SIDE EXTERIOR ELEVATION Grand Island Regular Meeting - 2/8/2023 Page 92 / 105 PLAN DATE:©INFORMATION CONTAINED WITHIN THISDOCUMENT INCLUDING, BUT NOT LIMITED TO,DESIGN CONCEPTS, ARE PROPERTY OFSPOTANSKI CREATIVE BUILDING DESIGN &DRAFTING. REPRODUCTION OF THISINFORMATION IS PROHIBITED WITHOUTWRITTEN CONSENT OF SPOTANSKI CREATIVEBUILDING DESIGN & DRAFTING.DRAWN BY:OWNER: JBA VENTURES LLC114 N. CUSTER AVE.GRAND ISLAND, NE. 68803PLOT DATE:PROJECT DESCRIPTION: NEW 5-PLEX FORBAASCH DEVELOPMENT PROJECT1703 ADA STREET/1703 HENRY STREETGRAND ISLAND, NE. 68803SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 11-10-2022 11-10-2022 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 11-10-2022 GENERAL NOTES SQUARE FOOTAGE 1 TYP. EXTERIOR WALL SECTION A3.01WALL SECTION2 2-HOUR FIRE WALL Grand Island Regular Meeting - 2/8/2023 Page 93 / 105 Exhibit E Grand Island Regular Meeting - 2/8/2023 Page 94 / 105 Grand Island Regular Meeting - 2/8/2023 Page 95 / 105 Grand Island Regular Meeting - 2/8/2023 Page 96 / 105 Grand Island Regular Meeting - 2/8/2023 Page 97 / 105 Grand Island Regular Meeting - 2/8/2023 Page 98 / 105 Grand Island Regular Meeting - 2/8/2023 Page 99 / 105 Grand Island Regular Meeting - 2/8/2023 Page 100 / 105 Grand Island Regular Meeting - 2/8/2023 Page 101 / 105 Grand Island Regular Meeting - 2/8/2023 Page 102 / 105 JBA Ventures LLC Henry and Ada-Area 31 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 424 RESOLUTION OF THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA, SUBMITTING A PROPOSED REDEVELOPMENT PLAN 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 8th day of February, 2023 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Grand Island Regular Meeting - 2/8/2023 Page 103 / 105 JBA Ventures LLC Henry and Ada-Area 31 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 425 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 31, from JBA Ventures LLC, (The "Developer") for redevelopment located on Lot 1 and part of Lot 2 of Block 1 and Lots 1 and 2 of Block 2 of Dawn Subdivision, an area within the city limits of the City of Grand Island, as set forth in Exhibit 1 attached hereto; 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, after approval of the redevelopment plan amendment related to the redevelopment project, 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 8th day of February, 2023. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By ___________________________ Chairperson ATTEST: ___________________ Secretary Grand Island Regular Meeting - 2/8/2023 Page 104 / 105 JBA Ventures LLC Henry and Ada-Area 31 Exhibit 1 Draft Redevelopment Plan Forwarded to the Planning Commission Grand Island Regular Meeting - 2/8/2023 Page 105 / 105