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10-18-2023 Community Redevelopment Authority October 18, 2023 Packet Community Redevelopment Authority Agenda City Hall 100 East First Street Regular Meeting of October 18, 2023 10:00 AM 1. CALL TO ORDER This is an open meeting of the Grand CRA. The Grand Island CRA abides by the Open Meetings Act in conducting business. A copy of the Open Meetings Act is displayed in the back of this room as required by state law. The CRA may vote to go into Closed Session on any agenda item as allowed by state law. 2. ROLL CALL 3. AGENDA 4. MEETING MINUTES a. Minutes from the September 20, 2023 Meeting 5. FINANCIAL REPORTS a. Financial Reports for the end of the 2023 fiscal year. 6. BILLS a. Bills for October 18, 2023 7. COMMITTED PROJECTS & CRA PROPERTIES a. Committed Projects and CRA Properties 8. REDEVELOPMENT PLAN a. Redevelopment Plan Amendment CRA Area 34 - Alltell Building Renovation and Rehabilitation at 3650 W. 13th Street in Grand Island - 3650 LLC Forward Plan Amendment to the Grand Island City Council b. Redevelopment Plan Amendment CRA Area 28 - Amendment to the Area Included in the Enhanced Employment Area to include additional properties specifically: Wells Fargo, Red Lobster and in Grand Island - Forward Plan Amendment to the Hall County Regional Planning Commission. c. Redevelopment Plan Amendment CRA Area 37 - 610 N Darr Avenue - Beckett Inc. Forward Plan Amendment to the Hall County Regional Planning Commission and Notify Council of Intent to Enter Into a Redevelopment Contract d. Redevelopment Plan Amendment CRA Area 17 - Multiple projects in the Prairie Commons fourth and sixth subdivision and Ponderosa Village Second Subdivision. Forward Plan Amendment to the Hall County Regional Planning Commission and Notify Council of Intent to Enter Into a Redevelopment Contract 9. OTHER ITEMS Page 1 of 237 a. Facade Grant Application: 1150 S. Locust (Long John Silvers) b. Facade Grant Application: 115 E South Front (Prairie Pride Brewery) c. Facade Grant Application: 305 W 1st Street (Elks Building) d. Facade Grant Application: 705 W. 3rd Street (Babcock Real Estate) e. Fire Life Safety Grant: 315 N. Locust 10. DIRECTOR COMMUNICATION This is an opportunity for the Director to comment on current events, activities, and issues of interest to the commission. 11. NEXT MEETING DATE Page 2 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 4.a. Subject: Minutes from the September 20, 2023 Meeting Staff Contact: BACKGROUND: Consideration of Approval of the Minutes of the September 20, 2023 meeting. RECOMMENDATION: Move to approve as recommended. SAMPLE MOTION: Move to approve as recommended. ATTACHMENTS: 1. CRA_sept20_minutes Page 3 of 237 OFFICIAL PROCEEDINGS MINUTES OF COMMUNITY REDEVELOPMENT AUTHORITY MEETING OF September 20, 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 September 20, 2023 at City Hall, 100 E. First Street. Notice of the meeting was given in the September 13, 2023 Grand Island Independent. 1. CALL TO ORDER. Chairman Gdowski called the meeting to order at 1:00 p.m. The following members were present: Tom Gdowski, Jim Truell, Sue Pirnie, and Chris Schwieger. Also present were: Planning Director Chad Nabity, Planning Administrative Assistant Norma Hernandez, Council Member Mitch Nickerson, Assistant Finance Director Brian Schultz 3. APPROVAL OF MINUTES. A motion for approval of the Minutes for the September 13, 2023 meeting was made by Truell and second by Pirnie. Upon roll call vote, all present voted aye. Motion carried 4-0(Mustion was absent). 4. Approval of Bills A motion was made by Truell and second by Pirnie to approve the bills for $1,212,331.67. Upon roll call vote, all present voted aye. Motion carried 4-0 (Mustion was absent). 5. Next Meeting Date October 11 at 4pm and October 18 at 4 pm Meeting Adjourned at 1:05 p.m. Respectfully Submitted, Norma Hernandez Page 4 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 5.a. Subject: Financial Reports for the end of the 2023 fiscal year. Staff Contact: Chad Nabity BACKGROUND: The September 1-30 financial report. This is also the last report for the fiscal year RECOMMENDATION: Move to approve as recommended. SAMPLE MOTION: Move to approve as recommended. ATTACHMENTS: 1. CRA Sep 2023 Financials Page 5 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED CONSOLIDATED Beginning Cash 726,617 946,468 REVENUE: Property Taxes - CRA 150,751 558,681 548,263 - 101.90% Property Taxes - Lincoln Pool 55,735 175,110 197,340 22,230 88.74% Property Taxes -TIF's 1,150,206 5,390,635 7,100,000 1,709,365 75.92% Loan Income (Poplar Street Water Line) - - 20,000 20,000 0.00% Interest Income - CRA 1,587 20,581 10,000 - 205.81% Interest Income - TIF'S - - - - Land Sales - - - - #DIV/0! Other Revenue - CRA 35,423 315,528 200,000 - 157.76% Other Revenue - TIF's 2,104,975 4,519,530 - - TOTAL REVENUE 3,498,677 10,980,064 8,075,603 1,751,596 135.97% TOTAL RESOURCES 4,225,293 10,980,064 9,022,071 1,751,596 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 4,732 72,634 80,000 7,366 90.79% Printing & Binding - - 1,000 1,000 0.00% Other Professional Services 100 10,789 16,000 5,211 67.43% General Liability Insurance - - 250 250 0.00% Postage 99 99 250 151 39.49% Legal Notices - 270 500 230 54.04% 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 (5,000) 102.63% Bond Interest - 2,340 7,340 5,000 31.88% Fiscal Agent Fees/Bond Costs - 525 - (525) Husker Harvest Days - 200,000 200,000 - 100.00% Façade Improvement - - 370,000 370,000 0.00% Building Improvement 1,000 696,811 722,000 25,189 96.51% Other Projects - - 250,000 250,000 0.00% Bond Principal-TIF's 3,316,707 9,922,686 7,100,000 (2,822,686) 139.76% Bond Interest-TIF's - - - - Interest Expense - - - - TOTAL EXPENSES 3,322,637 11,111,190 9,003,640 (2,107,550) 123.41% INCREASE(DECREASE) IN CASH 176,039 (131,125) (928,037) ENDING CASH 902,656 (131,125) 18,431 - CRA CASH 888,115 TIF CASH 14,541 Total Cash 902,656 COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 Page 6 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 GENERAL OPERATIONS: Property Taxes - CRA 150,751 558,681 548,263 - 101.90% Property Taxes - Lincoln Pool 55,735 175,110 197,340 22,230 88.74% Interest Income 1,587 20,581 10,000 - 205.81% Loan Income (Poplar Street Water Line) - 20,000 20,000 0.00% Land Sales - - - #DIV/0! Other Revenue & Motor Vehicle Tax 35,423 315,528 200,000 - 157.76% TOTAL 243,495 1,069,900 975,603 42,230 109.67% GIRARD VET CLINIC 90000013 Property Taxes - - TOTAL - - - - GEDDES ST APTS-PROCON 90000014 Property Taxes 31,247 (31,247) TOTAL - 31,247 - (31,247) SOUTHEAST CROSSING 90000015 Property Taxes - - TOTAL - - - - POPLAR STREET WATER 90000016 Property Taxes 9,424 24,123 (24,123) TOTAL 9,424 24,123 - (24,123) CASEY'S @ FIVE POINTS 90000017 Property Taxes 7,511 16,325 (16,325) TOTAL 7,511 16,325 - (16,325) OUTH POINTE HOTEL PROJECT 90000018 Property Taxes 88,323 (88,323) TOTAL - 88,323 - (88,323) TOKEN PROPERTIES RUBY 90000024 Property Taxes 1,910 (1,910) TOTAL - 1,910 - (1,910) GORDMAN GRAND ISLAND 90000025 Property Taxes 85,932 (85,932) TOTAL - 85,932 - (85,932) BAKER DEVELOPMENT INC 90000026 Property Taxes 2,083 6,318 (6,318) TOTAL 2,083 6,318 - (6,318) STRATFORD PLAZA INC 90000027 Property Taxes 34,147 (34,147) TOTAL - 34,147 - (34,147) Page 7 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 COPPER CREEK 2013 HOUSES 90000028 Property Taxes 32,848 109,960 (109,960) TOTAL 32,848 109,960 - (109,960) FUTURE TIF'S Property Taxes - 7,100,000 7,100,000 Interest Income - - - - Other Revenue 2,104,975 4,519,530 - - TOTAL 2,104,975 4,519,530 7,100,000 7,100,000 CHIEF IND AURORA COOP 90000029 Property Taxes 18,491 38,943 (38,943) TOTAL 18,491 38,943 - (38,943) TOKEN PROP KIMBALL ST 90000030 Property Taxes 2,026 (2,026) TOTAL - 2,026 - (2,026) GI HABITAT OF HUMANITY 90000031 Property Taxes 3,227 6,797 (6,797) TOTAL 3,227 6,797 - (6,797) AUTO ONE INC 90000032 Property Taxes 7,223 15,212 (15,212) TOTAL 7,223 15,212 - (15,212) EIG GRAND ISLAND 90000033 Property Taxes 55,546 (55,546) TOTAL - 55,546 - (55,546) TOKEN PROPERTIES CARY ST 90000034 Property Taxes 2,774 7,463 (7,463) TOTAL 2,774 7,463 - (7,463) WENN HOUSING PROJECT 90000035 Property Taxes 3,069 (3,069) TOTAL - 3,069 - (3,069) COPPER CREEK 2014 HOUSES 90000036 Property Taxes 176,096 428,200 (428,200) TOTAL 176,096 428,200 - (428,200) TC ENCK BUILDERS 90000037 Property Taxes 2,179 (2,179) TOTAL - 2,179 - (2,179) SUPER MARKET DEVELOPERS 90000038 Property Taxes 53,228 149,738 (149,738) TOTAL 53,228 149,738 - (149,738) MAINSTAY SUITES 90000039 Property Taxes 15,915 51,847 (51,847) TOTAL 15,915 51,847 - (51,847) Page 8 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 TOWER 217 90000040 Property Taxes 12,319 25,937 (25,937) TOTAL 12,319 25,937 - (25,937) COPPER CREEK 2015 HOUSES 90000041 Property Taxes 112,139 296,301 - (296,301) TOTAL 112,139 296,301 - (296,301) NORTHWEST COMMONS 90000042 Property Taxes 10,957 230,990 - (230,990) TOTAL 10,957 230,990 - (230,990) HABITAT - 8TH & SUPERIOR 90000043 Property Taxes 5,720 14,140 (14,140) TOTAL 5,720 14,140 - (14,140) KAUFMAN BUILDING 90000044 Property Taxes 5,931 12,488 (12,488) TOTAL 5,931 12,488 - (12,488) TALON APARTMENTS 90000045 Property Taxes 96,086 (96,086) TOTAL - 96,086 - (96,086) VICTORY PLACE 90000046 Property Taxes 1,907 4,016 (4,016) TOTAL 1,907 4,016 - (4,016) THINK SMART 90000047 Property Taxes 6,564 (6,564) TOTAL - 6,564 - (6,564) BOSSELMAN HQ 90000048 Property Taxes 122,239 (122,239) TOTAL - 122,239 - (122,239) TALON APARTMENTS 2017 90000049 Property Taxes 108,017 (108,017) TOTAL - 108,017 - (108,017) WEINRICH DEVELOPMENT 90000050 Property Taxes 3,130 6,593 (6,593) TOTAL 3,130 6,593 - (6,593) WING WILLIAMSONS 90000051 Property Taxes 3,889 4,094 (4,094) TOTAL 3,889 4,094 - (4,094) HATCHERY HOLDINGS 90000052 Property Taxes 78,309 164,925 (164,925) TOTAL 78,309 164,925 - (164,925) Page 9 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 FEDERATION LABOR TEMPLE 90000053 Property Taxes 3,389 7,136 (7,136) TOTAL 3,389 7,136 - (7,136) MIDDLETON PROPERTIES II 90000054 Property Taxes 6,413 15,097 (15,097) TOTAL 6,413 15,097 - (15,097) COPPER CREEK 2016 HOUSES 90000055 Property Taxes 75,300 180,338 (180,338) TOTAL 75,300 180,338 - (180,338) MENDEZ ENT LLC PHASE 1 90000056 Property Taxes 611 3,369 (3,369) TOTAL 611 3,369 - (3,369) EAST PARK ON STUHR 90000057 Property Taxes 113,179 (113,179) TOTAL - 113,179 - (113,179) TAKE FLIGHT INVESTMENTS 90000058 Property Taxes 284 (284) TOTAL - 284 - (284) PRATARIA VENTURES HOSPITAL 90000059 Property Taxes 1,525,705 (1,525,705) TOTAL - 1,525,705 - (1,525,705) AMMUNITION PLANT Property Taxes - - TOTAL - - - - URBAN ISLAND LLC 90000061 Property Taxes 3,329 7,010 (7,010) TOTAL 3,329 7,010 - (7,010) PEACEFUL ROOT 90000062 Property Taxes 2,466 5,191 (5,191) TOTAL 2,466 5,191 - (5,191) TALON 2019 LOOKBACK 90000063 Property Taxes 2,928 (2,928) TOTAL - 2,928 - (2,928) COPPER CREEK PH2 2019 LB 90000064 Property Taxes 20,015 54,319 (54,319) TOTAL 20,015 54,319 - (54,319) GRAND ISLAND HOTEL 90000065 Property Taxes 53,353 112,365 (112,365) TOTAL 53,353 112,365 - (112,365) Page 10 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 PARAMOUNT OLD SEARS 90000066 Property Taxes 3,717 7,826 (7,826) TOTAL 3,717 7,826 - (7,826) CENTRAL NE TRUCK WASH 90000067 Property Taxes 40,847 (40,847) TOTAL - 40,847 - (40,847) PRATARIA VENTURES MED OFF 90000068 Property Taxes 102,321 215,495 (215,495) TOTAL 102,321 215,495 - (215,495) TALON 2020 LB PHASE 4 90000069 Property Taxes 30,648 (30,648) TOTAL - 30,648 - (30,648) STAROSTKA 5TH ST LB PH 1 90000070 Property Taxes 6,452 13,589 (13,589) TOTAL 6,452 13,589 - (13,589) COPPER CREEK PH 2 2020 LB 90000071 Property Taxes 35,926 55,525 (55,525) TOTAL 35,926 55,525 - (55,525) COPPER CREEK PH 3 2020 LB 900000072 Property Taxes 20,526 (20,526) TOTAL - 20,526 - (20,526) HEDDE BUILDING 201 W 3RD 90000073 Property Taxes 4,896 10,309 (10,309) TOTAL 4,896 10,309 - (10,309) RAWR HOLDINGS 110 W 2ND 90000074 Property Taxes 33,025 (33,025) TOTAL - 33,025 - (33,025) ORCHARD REDEV PROJ 90000075 Property Taxes 9,016 25,640 (25,640) TOTAL 9,016 25,640 - (25,640) AMUR RE OLD WELLS FARGO 90000076 Property Taxes 11,414 24,032 (24,032) TOTAL 11,414 24,032 - (24,032) WALD 12 PROPERTIES LLC 90000077 Property Taxes 683 (683) TOTAL - 683 - (683) WING PROPERTIES 112 E 3RD ST 90000078 Property Taxes 201 212 (212) TOTAL 201 212 - (212) Page 11 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 WEINRICH DEV 408 E 2ND ST 90000079 Property Taxes 3,056 6,436 (6,436) TOTAL 3,056 6,436 - (6,436) O'NEILL WOOD RESOURCES Property Taxes - - TOTAL - - - - SE COMMONS - FONNERVIEW 90000081 Property Taxes 31,055 (31,055) TOTAL - 31,055 - (31,055) PARAMOUNT 824 E 9TH ST 90000082 Property Taxes 6,591 13,882 (13,882) TOTAL 6,591 13,882 - (13,882) J&L WESTWARD ENT CAAP 90000083 Property Taxes 13,499 30,250 (30,250) TOTAL 13,499 30,250 - (30,250) MILLER TIRE 90000084 Property Taxes 5,371 11,311 (11,311) TOTAL 5,371 11,311 - (11,311) TALON 2021 LB PHASE 5 90000085 Property Taxes 51,204 (51,204) TOTAL - 51,204 - (51,204) STAROSTKA 5TH ST 21 LB#2 90000086 Property Taxes 18,914 42,482 (42,482) TOTAL 18,914 42,482 - (42,482) PRATARIA PH 2 SUBPH 2 90000087 Property Taxes 4,946 10,417 (10,417) TOTAL 4,946 10,417 - (10,417) ORCHARD DEVELOPMENT 90000088 Property Taxes 4,670 15,171 (15,171) TOTAL 4,670 15,171 - (15,171) PARAMOUNT OLD SEARS 2 MAIN FL 90000089 Property Taxes 7,139 15,031 (15,031) TOTAL 7,139 15,031 - (15,031) BOSSELMAN KINGS CROSSING 90000090 Property Taxes 18,736 (18,736) TOTAL - 18,736 - (18,736) TABITHA 3490 EWOLDT ST 90000091 Property Taxes 184,080 387,687 (387,687) TOTAL 184,080 387,687 - (387,687) TOTAL REVENUE 3,498,677 10,980,064 8,075,603 1,751,596 135.97% - - - - Page 12 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 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 4,732 72,634 80,000 7,366 90.79% Printing & Binding - 1,000 1,000 0.00% Other Professional Services 100 10,789 16,000 5,211 67.43% General Liability Insurance - 250 250 0.00% Postage 99 99 250 151 39.49% Legal Notices 270 500 230 54.04% 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 (5,000) 102.63% Bond Interest - Lincoln Pool 2,340 7,340 5,000 31.88% Fiscal Agent Fees/Bond Costs 525 (525) #DIV/0! PROJECTS Husker Harvest Days 200,000 200,000 - 100.00% Façade Improvement - 370,000 370,000 0.00% Building Improvement 1,000 696,811 722,000 25,189 0.00% Other Projects - 250,000 250,000 0.00% TOTAL CRA EXPENSES 5,931 1,188,504 1,903,640 715,137 62.43% GIRARD VET CLINIC 90000013 Bond Principal - - - TOTAL - - - - GEDDES ST APTS - PROCON 90000014 Bond Principal 32,078 - (32,078) TOTAL - 32,078 - (32,078) SOUTHEAST CROSSINGS 90000015 Bond Principal - - - TOTAL - - - - POPLAR STREET WATER 90000016 Bond Principal 9,645 24,629 - (24,629) TOTAL 9,645 24,629 - (24,629) CASEY'S @ FIVE POINTS 90000017 Bond Principal 7,511 15,819 - (15,819) TOTAL 7,511 15,819 - (15,819) OUTH POINTE HOTEL PROJECT 90000018 Bond Principal 88,323 - (88,323) TOTAL - 88,323 - (88,323) Page 13 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 TOKEN PROPERTIES RUBY 90000024 Bond Principal 92 1,910 - (1,910) TOTAL 92 1,910 - (1,910) GORDMAN GRAND ISLAND 90000025 Bond Principal 40,802 85,932 - (85,932) TOTAL 40,802 85,932 - (85,932) BAKER DEVELOPMENT INC 90000026 Bond Principal 2,083 6,318 - (6,318) TOTAL 2,083 6,318 - (6,318) STRATFORD PLAZA LLC 90000027 Bond Principal 860 34,147 - (34,147) TOTAL 860 34,147 - (34,147) COPPER CREEK 2013 HOUSES 90000028 Bond Principal 34,359 109,960 - (109,960) TOTAL 34,359 109,960 - (109,960) CHIEF IND AURORA COOP 90000029 Bond Principal 18,491 38,943 - (38,943) TOTAL 18,491 38,943 - (38,943) TOKEN PROP KIMBALL ST 90000030 Bond Principal 2,026 - (2,026) TOTAL - 2,026 - (2,026) GI HABITAT FOR HUMANITY 90000031 Bond Principal 3,398 6,797 - (6,797) TOTAL 3,398 6,797 - (6,797) AUTO ONE INC 90000032 Bond Principal 7,223 15,597 - (15,597) TOTAL 7,223 15,597 - (15,597) EIG GRAND ISLAND 90000033 Bond Principal 55,546 - (55,546) TOTAL - 55,546 - (55,546) TOKEN PROP CARY STREET 90000034 Bond Principal 4,689 - (4,689) TOTAL - 4,689 - (4,689) WENN HOUSING PROJECT 90000035 Bond Principal 2,921 5,842 - (5,842) TOTAL 2,921 5,842 - (5,842) COPPER CREEK 2014 HOUSES 90000036 Bond Principal 180,387 470,102 - (470,102) TOTAL 180,387 470,102 - (470,102) TC ENCK BUILDERS 90000037 Bond Principal 2,179 - (2,179) TOTAL - 2,179 - (2,179) Page 14 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 SUPER MARKET DEVELOPERS 90000038 Bond Principal 53,228 166,928 - (166,928) TOTAL 53,228 166,928 - (166,928) MAINSTAY SUITES 90000039 Bond Principal 15,915 51,847 - (51,847) TOTAL 15,915 51,847 - (51,847) TOWER 217 90000040 Bond Principal 12,969 26,593 - (26,593) TOTAL 12,969 26,593 - (26,593) COPPER CREEK 2015 HOUSES 90000041 Bond Principal 117,606 296,301 - (296,301) TOTAL 117,606 296,301 (296,301) NORTHWEST COMMONS 90000042 Bond Principal 10,957 230,990 - (230,990) TOTAL 10,957 230,990 (230,990) HABITAT - 8TH & SUPERIOR 90000043 Bond Principal 6,069 14,140 - (14,140) TOTAL 6,069 14,140 (14,140) KAUFMAN BUILDING Bond Principal 6,244 12,488 - (12,488) TOTAL 6,244 12,488 (12,488) TALON APARTMENTS 90000045 Bond Principal 96,086 - (96,086) TOTAL - 96,086 (96,086) VICTORY PLACE Bond Principal 2,008 4,016 - (4,016) TOTAL 2,008 4,016 (4,016) FUTURE TIF'S Bond Principal 2,104,975 4,512,494 7,100,000 2,587,506 Bond Interest - - - Auditing & Accounting - - - TOTAL 2,104,975 4,512,494 7,100,000 2,587,506 THINK SMART 90000047 Bond Principal 331 6,731 - (6,731) TOTAL 331 6,731 (6,731) BOSSELMAN HQ 90000048 Bond Principal 80,337 - (80,337) TOTAL - 80,337 (80,337) TALON APARTMENTS 2017 90000049 Bond Principal 108,017 - (108,017) TOTAL - 108,017 (108,017) Page 15 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 WEINRICH DEVELOPMENT 90000050 Bond Principal 3,296 6,593 - (6,593) TOTAL 3,296 6,593 (6,593) WING WILLIAMSONS Bond Principal 4,094 4,094 - (4,094) TOTAL 4,094 4,094 (4,094) HATCHERY HOLDINGS 90000052 Bond Principal 78,309 164,925 - (164,925) TOTAL 78,309 164,925 (164,925) FEDERATION LABOR TEMPLE Bond Principal 3,389 7,136 - (7,136) TOTAL 3,389 7,136 (7,136) MIDDLETON PROPERTIES II 90000054 Bond Principal 6,793 15,097 - (15,097) TOTAL 6,793 15,097 (15,097) COPPER CREEK 2016 HOUSES 90000055 Bond Principal 75,300 180,338 - (180,338) TOTAL 75,300 180,338 (180,338) EAST PARK ON STUHR 90000057 Bond Principal 113,179 - (113,179) TOTAL - 113,179 (113,179) TAKE FLIGHT INVESTMENTS Bond Principal 427 427 - (427) TOTAL 427 427 (427) PRATARIA VENTURES HOSPITAL 90000059 Bond Principal 1,525,705 - (1,525,705) TOTAL - 1,525,705 (1,525,705) AMMUNITION PLANT Bond Principal - - - TOTAL - - - URBAN ISLAND LLC 90000061 Bond Principal 3,505 7,010 - (7,010) TOTAL 3,505 7,010 (7,010) PEACEFUL ROOT 90000062 Bond Principal 2,596 5,191 - (5,191) TOTAL 2,596 5,191 (5,191) TALON 2019 LOOKBACK 90000063 Bond Principal 153 3,003 - (3,003) TOTAL 153 3,003 (3,003) COPPER CREEK PH2 2019 LB 90000064 Bond Principal 20,015 54,319 - (54,319) TOTAL 20,015 54,319 (54,319) Page 16 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 GRAND ISLAND HOTEL 90000065 Bond Principal 53,353 112,365 - (112,365) TOTAL 53,353 112,365 (112,365) PARAMOUNT OLD SEARS 90000066 Bond Principal 3,913 7,826 - (7,826) TOTAL 3,913 7,826 (7,826) CENTRAL NE TRUCK WASH 90000067 Bond Principal 40,847 - (40,847) TOTAL - 40,847 (40,847) PRATARIA VENTURES MED OFF 90000068 Bond Principal 102,321 215,495 - (215,495) TOTAL 102,321 215,495 (215,495) TALON 2020 LB PHASE 4 90000069 Bond Principal 31,456 - (31,456) TOTAL - 31,456 (31,456) STAROSTKA 5TH ST LOOKBACK PHASE 1 Bond Principal 6,794 13,589 - (13,589) TOTAL 6,794 13,589 (13,589) COPPER CREEK PHASE 2 '20 LB 90000071 Bond Principal 24,233 74,923 - (74,923) TOTAL 24,233 74,923 (74,923) COPPER CREEK PH 3 2020 LB 90000072 Bond Principal 12,027 33,557 - (33,557) TOTAL 12,027 33,557 (33,557) HEDDE BUILDING 201 W 3RD 90000073 Bond Principal 5,155 10,309 - (10,309) TOTAL 5,155 10,309 (10,309) RAWR HOLDINGS LLC 110 W 2ND ST Bond Principal 627 627 - (627) TOTAL 627 627 (627) ORCHARD REDEVELOPMENT PROJECT 75 Bond Principal 9,016 25,640 - (25,640) TOTAL 9,016 25,640 (25,640) AMUR RE OLD WELLS FARGO 90000076 Bond Principal 12,016 24,032 - (24,032) TOTAL 12,016 24,032 (24,032) WALD 12 PROPERTIES LLC OLD GREENB Bond Principal 32 1,366 - (1,366) TOTAL 32 1,366 (1,366) Page 17 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 WING PROPERTIES 112 2 3RD ST Bond Principal 369 369 - (369) TOTAL 369 369 (369) WEINRICH DEV 408 E 2ND ST 90000079 Bond Principal 3,218 6,436 - (6,436) TOTAL 3,218 6,436 (6,436) O'NEILL WOOD RESOURCES Bond Principal 105 105 - (105) TOTAL 105 105 (105) SE COMMONS - FONNERVIEW 90000081 Bond Principal 31,914 - (31,914) TOTAL - 31,914 (31,914) PARAMOUNT 824 E 9TH ST 90000082 Bond Principal 6,941 14,384 - (14,384) TOTAL 6,941 14,384 (14,384) J&L WESTWARD ENT CAAP 90000083 Bond Principal 13,499 30,250 - (30,250) TOTAL 13,499 30,250 (30,250) MILLER TIRE 900000084 Bond Principal 5,371 11,646 - (11,646) TOTAL 5,371 11,646 (11,646) TALON 2021 LB PHASE 5 90000085 Bond Principal 51,204 - (51,204) TOTAL - 51,204 (51,204) STAROSTKA 5TH ST 21 LOOKBACK #2 86 Bond Principal 18,914 42,482 - (42,482) TOTAL 18,914 42,482 (42,482) PRATARIA PH 2 SUBPH 2 90000087 Bond Principal 5,209 10,417 (10,417) TOTAL 5,209 10,417 - (10,417) ORCHARD DEVELOPMENT 90000088 Bond Principal 5,580 15,171 (15,171) TOTAL 5,580 15,171 - (15,171) PARAMOUNT OLD SEARS 2 MAIN FL 90000089 Bond Principal 7,515 15,031 (15,031) TOTAL 7,515 15,031 - (15,031) BOSSELMAN KINGS CROSSING 90000090 Bond Principal 472 18,736 (18,736) TOTAL 472 18,736 - (18,736) TABITHA 3490 EWOLDT ST 90000091 Bond Principal 184,080 387,687 (387,687) TOTAL 184,080 387,687 - (387,687) Page 18 of 237 MONTH ENDED 2022-2023 2023 REMAINING % OF BUDGET September-23 YEAR TO DATE BUDGET BALANCE USED COMMUNITY REDEVELOPMENT AUTHORITY FOR THE MONTH OF SEPTEMBER 2023 TOTAL EXPENSES 3,322,637 11,111,190 9,003,640 (2,107,550) 123.41% Page 19 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 6.a. Subject: Bills for October 18, 2023 Staff Contact: Chad Nabity BACKGROUND: The CRA will consider bills in the amount of $932,276.20 at this meeting. This does include the contracted payments of $200,000 for Husker Harvest Days and Conestoga Marketplace. The City will transfer $200,000 from the Food and Beverage Fund to the CRA for the Husker Harvest Days payment. RECOMMENDATION: Move to approve as recommended. SAMPLE MOTION: Move to approve as recommended. ATTACHMENTS: 1. 1CRA_oct_bills2023 Page 20 of 237 Page 21 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 7.a. Subject: Committed Projects and CRA Properties Staff Contact: Chad Nabity BACKGROUND: A review of all CRA committed projects and properties RECOMMENDATION: SAMPLE MOTION: ATTACHMENTS: 1. CRA Sep 2023 Committed Page 22 of 237 COMMITTED PROJECTS REMAINING GRANT AMOUNT 2023 FY 2024 FY 2025 FY and Beyond ESTIMATED COMP Husker Harvest Days (11/14/17) $ 1,000,000.00 $ - $ 200,000.00 $ 800,000.00 Oct-27 Conestoga Marketplace-CRA (12/27/22) $ 4,000,000.00 $ 200,000.00 $ 3,800,000.00 FY2042 Conestoga Marketplace-GGI (1/10/23) $ 500,000.00 $ - $ 500,000.00 $ - Dec-23 Conestoga Marketplace-City of GI $ 1,487,506.12 $ - $ 1,487,506.12 FY2024 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 $ 7,577,506.12 $ 590,000.00 $ 2,387,506.12 $ 4,600,000.00 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 2023 Azure Investment Group (5-12-21) $ 70,000.00 $ 70,000.00 Fall 2023 118 W 2nd St Bartenbach Building (5-10- $ 35,000.00 $ 35,000.00 Fall 2023 Total Committed F&L Safety Grant $ 365,000.00 $ 365,000.00 $ - $ - BUDGET 2023 2023 LEFT Life Safety Budgeted 2023 $ 35,000.00 $ 35,000.00 $ - 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 $ 560,000.00 $ 145,000.00 Balance $ 560,000.00 $ 145,000.00 BUDGET PAID LEFT Building Improvements * $ 722,000.00 $ 696,811.00 $ 25,189.00 *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 September 30, 2023 Page 23 of 237 AGENDA MEMO To: The Mayor and City Council Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 8.a. Subject: Redevelopment Plan Amendment CRA Area 34 - Alltell Building Renovation and Rehabilitation at 3650 W. 13th Street in Grand Island - 3650 LLC Forward Plan Amendment to the Grand Island City Council Staff Contact: Chad Nabity BACKGROUND: This project would authorize $890,850 of Tax Increment Financing to assist with eligible activities associated with renovating the Alltel building at 3650 W. 13th Street and for the construction of Claude Road on the west side of this property. DISCUSSION: The CRA will consider a resolution associated with this plan amendment. The resolution would refer this plan to the Grand Island City Council for their consideration. FISCAL IMPACT: This will defer property taxes on the improvements to the property for a period of 15 years for all entities, including the City, that receive property taxes. The additional taxes will be used to support the development of this property. ALTERNATIVES: RECOMMENDATION: Move to approve as recommended. SAMPLE MOTION: Move to approve as recommended. ATTACHMENTS: 1. 01 CRA RES 454 Area 34 Alltel to CC 2. 06a Redevelopment Plan Amendment Area 34 Alltel ARW Revisiosn 9.7.23 3. 3560 W 13th TIF Application 4. Planning Res 2024-03 Page 24 of 237 Area 34 3650 LLC Alltel Page 1 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 454 A RESOLUTION RECOMMENDING APPROVAL OF A REDEVELOPMENT PLAN TO THE CITY OF GRAND ISLAND, NEBRASKA; RECOMMENDING APPROVAL OF A REDEVELOPMENT PROJECT TO THE CITY OF GRAND ISLAND, NEBRASKA; APPROVING A COST BENEFIT ANALYSIS FOR SUCH PROJECT; AND APPROVAL OF RELATED ACTIONS WHEREAS, the Mayor and Council of the City of Grand Island, Nebraska (the “City”), upon the recommendation of the Planning Commission of the City of Grand Island, Nebraska (the “Planning Commission”), and in compliance with all public notice requirements imposed by the Community Development Law, Chapter 18, Article 21, Reissue Revised Statutes of Nebraska, as amended (the “Act”), duly declared the redevelopment area legally described on Exhibit A attached hereto (the “Redevelopment Area”) to be blighted and substandard and in need of redevelopment; and WHEREAS, pursuant to and in furtherance of the Act, a Redevelopment Plan (the “Redevelopment Plan”), has been prepared by Community Redevelopment Authority of Grand Island, Nebraska, (the “Authority”) pursuant to an application by 3650 LLC. (the “Redeveloper”), in the form attached hereto as Exhibit B, for the purpose of redeveloping Redevelopment Area legally described on Exhibit A, referred to herein as the Project Area (the “Project Area”); and WHEREAS, pursuant to the Redevelopment Plan, the Authority would agree to incur indebtedness and make a grant for the purposes specified in the Redevelopment Plan (the “Project”), in accordance with and as permitted by the Act; and WHEREAS, the Authority has conducted a cost benefit analysis of the Project (the “Cost Benefit Analysis”) pursuant to Section 18-2113 of the Act, a which is included in the Redevelopment Plan attached hereto as Exhibit B; and WHEREAS, the Authority has made certain findings and pursuant thereto has determined that it is in the best interests of the Authority and the City to approve the Redevelopment Plan and approve the Redevelopment Project and to approve the transactions contemplated thereby. NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA AS FOLLOWS: Section 1. The Authority has determined that the proposed land uses and building requirements in the Redevelopment Plan for the Project Area are designed with the general purposes of accomplishing, and in conformance with the general plan of the City, a coordinated, adjusted, and harmonious development of the City and its environs which will, in accordance with present and future needs, promote health, safety, morals, order, convenience, prosperity and the general welfare, as well as efficiency in economy in the process of development; including, among other things, adequate provision for traffic, vehicular parking, the promotion of safety from fire, panic, and other dangers, adequate provisions for light and air, the promotion of the healthful and convenient distribution of population, the provision of adequate transportation, water, sewerage, and other public utilities, schools, parks, recreational and communitive facilities, and other public requirements, the promotion of sound design and arrangement, the wise and efficient expenditure of public funds, and the prevention of the recurrence of unsanitary or unsafe dwelling accommodations, or conditions of blight. Page 25 of 237 Area 34 3650 LLC Alltel Page 2 Section 2. The Authority has conducted a Cost Benefit Analysis for the Project, included in the Redevelopment Plan attached hereto as Exhibit B, in accordance with the Act, and has found and hereby finds that the Project would not be economically feasible without the use of tax increment financing, the Project would not occur in the Project Area without the use of tax increment financing and the costs and benefits of the Project, including costs and benefits to other affected political subdivisions, the economy of the community, and the demand for public and private services, have been analyzed and have been found to be in the long term best interests of the community impacted by the Project. Section 3. In compliance with section 18-2114 of the Act, the Authority finds and determines as follows: (a) the Redevelopment Area constituting the Redevelopment Project will not be acquired by the Authority and the Authority shall receive no proceeds from disposal to the Redeveloper; (b) the estimated cost of project acquisition and the estimated cost of acquisition of property, preparation for redevelopment including acquisition, site work, renovation, and utilities described in detail in Exhibit B attached hereto; (c) the method of acquisition of the real estate shall be by private contract by the Redeveloper and not by condemnation; and (d) the method of financing the Redevelopment Project shall be by issuance of tax increment revenue bond(s) issued in the approximate amount of $890,850 which shall be granted to the Redeveloper and from additional funds provided by the Redeveloper. Of the $890,850 granted to the developer 25% shall be reserved for city expenses for Claude Road within the redevelopment area. No families will be displaced from the Redevelopment Project Area as a result of the project. Section 4. The Authority hereby recommends to the City approval of the Redevelopment Plan and the Redevelopment Project described in the Redevelopment Plan. Section 5. All prior resolutions of the Authority in conflict with the terms and provisions of this resolution are hereby expressly repealed to the extent of such conflicts. Section 6. This resolution shall be in full force and effect from and after its passage and approval. PASSED AND APPROVED this 18th day of October, 2023 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND NEBRASKA ATTEST: By: ___________________________________ Chair By: ___________________________________ Secretary Page 26 of 237 Area 34 3650 LLC Alltel Page 3 EXHIBIT A LEGAL DESCRIPTION OF REDEVELOPMENT PROJECT AREA Legal Descriptions: Lot 2, 281 Retail Subdivision (Parcel ID No. 400295547). Page 27 of 237 Area 34 3650 LLC Alltel Page 4 * * * * * EXHIBIT B FORM OF REDEVELOPMENT PLAN Page 28 of 237 Redevelopment Plan Grand Island CRA Area 34 September 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 THE ALLTEL BUILDING AT 3560 W. 13TH STREET FOR COMMERICIAL PURPOSES. The use of Tax Increment Financing to aid in renovation of the former Alltel building at 3560 W. 13th Street. The use of Tax Increment Financing is an integral part of the development plan and necessary to make this project affordable. This property has sat vacant for several years and was acquired by the 3650 LLC a subsidiary of the Starostka Group in June of 2023. 3650 LLC has purchased this property for the purpose of renovating it for commercial uses and returning it to productive use in the neighborhood. 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 renovation. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over a 15 year period beginning in 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”) Legal Descriptions: Lot 2, 281 Retail Subdivision (Parcel ID No. 400295547). Page 29 of 237 Existing Land Use and Subject Property Page 30 of 237 The tax increment will be captured for the tax years the payments for which become delinquent in years 2025 through 2040 inclusive. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The increase will come from 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. 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 September 28, 2021.[§18-2109] Such Page 31 of 237 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 October 11, 2023 and passed Resolution 2024-03 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: 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 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)] Page 32 of 237 City of Grand Island Future Land Use Map Page 33 of 237 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned B2 General Business Zone. The future land use map calls for highway commercial development across this entire site. It is anticipated that the City will construct Claude Road across the southwest corner of this property and along the western edge. TIF revenues from this project will offset a portion of 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 B2 zoning district allows for a variety of commercial, warehousing, non-profit and residential uses. The B2 district allows a maximum ground coverage of 100%. [§18- 2103(b) and §18-2111] f. Additional Public Facilities or Utilities Sanitary sewer and water are available to support this development. Page 34 of 237 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 $764,850 as an eligible expense. The estimated costs of utilities including improvements for sewer, gas and electric is $260,360. Streets and drainage are estimated at $210,000. Demolition and rehabilitation activities of are expected to cost 1,963,790. Planning activities including engineering, architecture, legal fees and government fees are estimated at $37,000. The total of the eligible expenses for this project is estimated by the developer at $3,300,000. 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 $890,850 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, 2025 through December 2040. c. Statement of feasible method of relocating displaced families. No families will be displaced as a result of this plan. Page 35 of 237 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 particular building has been a blighting influence on the area for several years while it sat unoccupied on this busy corridor. 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 renovations are expected to be complete in 2024. Excess valuation should be available for 15 years beginning with the 2025 tax year. 9. Justification of Project This project will renovate and rehabilitate an existing building that has been vacant on this high traffic corridor for the last several years. 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 $890,850 in public funds from tax increment financing provided by the Grand Island Community Redevelopment Authority will be Page 36 of 237 required to complete the project. This investment by the Authority will leverage $2,640,150 in private sector financing and investment; a private investment of $2.96 for every TIF dollar invested. Use of Funds Source of funds Description TIF Funds Private Funds Total Acquisition $764,850 $764,850 Building Costs $1,874,790 $1,874,790 Utilities $260,360 $260,360 Public Streets $210,000 $210,000 Demolition $89,000 $89,000 Planning (Arch. & Eng.)$22,000 $13,000 $35,000 Legal/ TIF contract $15,000 $15,000 Developer Fees $231,000 $231,000 Contingency $51,000 $51,000 Total $890,850 $2,640,150 $3,531,000 Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2023 valuation of approximately $762,500. Based on the 2022 levy this would result in a real property tax of approximately $16,136. It is anticipated that the assessed value will increase by $2,768,500 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $58,588 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 2024 assessed value: $ 762,500 Estimated value after completion $ 3,531,000 Increment value $ 2,768,500 Annual TIF generated (estimated) $ 58,588 TIF bond issue $ 890,850 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $762,500. The proposed redevelopment will create additional valuation of $3,531,000 by the end of the project. The project creates additional valuation, renovates a build that has been a drain on the neighborhood and surrounding area and that will support taxing entities long after the project is paid off. This development will also support and complement the construction of Claude Road on the west side of this property. The tax shift from this project will be equal to the total of the bond principal of $890,850 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; Page 37 of 237 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 not directly 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. (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 space for new businesses. (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. (e) Impacts on student populations of school districts within the City or Village: This development will not have a direct impact on the Grand Island School system (f) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This will renovate and rehabilitate an existing building that has been vacant for the last several year.. Twenty Five percent of the increment generated approximately $222,700 will be made available to the City of Grand Island for the development of Claude Road along the west side of property. Time Frame for Development Development of this project is anticipated to be completed by the end of 2024. The base tax year should be calculated on the value of the property as of January 1, 2025. Excess valuation should be available for this project beginning in 2025 with taxes due in 2026. 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 $890,850 the projected amount of increment based upon the anticipated value of the project and current tax rate and associated interest on the bond. Based on the estimates of the expenses of the rehabilitation the developer will spend at least $3,300,000 on TIF eligible activities. 4892-6144-9854, v. 1 Page 38 of 237 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 ________ . Page 39 of 237 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 $ ______________ Page 40 of 237 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 $ ______________ 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 $ ______________ Total Estimated Market Value at Completion: $ Source for Estimated Market Value________________________________________ The site was previously valued at more than $3.5 million, but the valuation has been reduced based on the current sale and the fact that the site is currently vacant and unusable. Redeveloper anticipates increasing the valuation back up to at least the previous valuation based on the renovations and re-occupancy. Source of Financing: Page 41 of 237 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 Page 42 of 237 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: ______________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________ Page 43 of 237 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 Page 44 of 237 Attachment 1 Deed Page 45 of 237 ~ ---N 0 N --(.,,) -0 -(.,,) --N -->. -co --iiiiiiiiiii ---;;;;;;;;;;;;;;; NEBRASKA DOCUMENTARY ENTERED AS INSTRUMENT NO STAMP TAX 202303219 Date 6-28-2023 STATE OF NEBRASKA) SS $ 1716.75_ ByJl_ COUNTY OF HALL) 2023 JUN 28 AM 10:01 )Ui~ M>lcu REG OF DEEDS ELECTRONICALLY RECORDED RECORDING FEE $52.00 (Space Above Reserved For County Certification) SPECIAL WARRANTY DEED (Excludes Certain Improvements) THIS INDENTURE is made as of June 23, 2023 ("Effective Date"), by and between ALLTEL CORPORATION, a Delaware corporation ("Grantor"), with an address of c/o Verizon Glob~l Real Estate, 7701 E. Telecom Parkway, Mail Code: FLTDSB 1 W, Temple Terrace, Florida 33637, as successor in interest to Nebraska Cellular Telephone Company; and 3650, LLC, a Nebraska limited liability company ("Grantee"), with an address of 429 Industrial Lane, Grand Island, Nebraska 68803. WITNESSETH, that Grantor, for and in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, to Grantor paid by Grantee (the receipt of which is hereby acknowledged) does by these presents, GRANT, BARGAIN, SELL AND CONVEY, unto Grantee and Grantee's heirs, successors and assigns, that certain real property situated in Hall County, Nebraska, together with all appurtenances and improvements and fixtures situated thereon, being more particularly described as follows (collectively, the "Property"): See Exhibit A attached hereto and incorporated herein. SUBJECT TO: (a) easements, restrictions, declarations, reservations, agreements, instruments and other matters of record> including without limitatio11 the Easement ( defined below); (b) taxes and assessments, general and special, not now due and payable; (c) rights of the public in and to the parts thereof in streets, roads or alleys; (d) matters that would be disclosed by a current and accurate survey of the Property; ( e) the rights of any tenants, subtenants, licensees or pennitted occupants of the telecommunications tower located on the Property reserved by Gran tor; and (f) the Easement (defined below). RESERVING UNTO GRANTOR, its successors, heirs, tenants, lessees and assigns, a perpetual easement through, over, under and upon the Property for the purposes of accessing, operating> maintaining, repairing, replacing, servicing, inspecting and removing those network and telecommunications tower facilities located in the area described on Exhibit B attached hereto and CORE/0762186.34121182514381. I CV Filed By.Ni' Chicago Title 'lc::-c..--uz.:~o 1 [.,( Page 46 of 237 incorporated herein by reference (the "Easement"), as further provided in that certain Network and Telecommunications Tower, Utility and Access Easement Agreement dated effective as of the date hereto and recorded in the public records of Hall County, Nebraska shortly after the recordation hereof. TO HA VE AND TO HOLD the Property, with all and singular the rights, privileges, appurtenances and immunities thereto belonging or in anywise appertaining unto Grantee and Grantee's heirs, successors and assigns, forever; Grantor hereby covenanting that the Property is free and clear from any encumbrance done or suffered by Grantor, except as set forth herein; and that Grantor will warrant and defend the title to the Property unto Grantee and Grantee's heirs, successors and assigns, forever, against the lawful clai~s and demands of all persons claiming under Grantor, except as set forth herein. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] Page 47 of 237 IN WITNESS WHEREOF, Grantor has caused this Special Warranty Deed to be executed as of the date acknowledged below, but to be effective as of the Effective Date. STATE OF Cd#i✓t/~ ) ) ss. COUNTY OF b,/ kp-s ) GRANTOR: ALLTEL CORPORATION, a Delaware corporation By: LA~ Name: Wayne lgawa Title: Real Estate Manager On this L!f!! day of June, 2023, before me, the undersigned, a Notary Public in and for said State, personally appeared _________ ., to me personally known, _________ of ALLTEL CORPORATION, a Delaware corporation, known to me to be the person who executed the within instrument in behalf of said corporation and acknowledged to me that s/he executed the same for the purposes therein stated, and as her/his free act and deed and as the free act and deed of said corporation. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal at my office in the County aforesaid the day and year last above written. (SEAL) /k,f-e fl"'e tt,&d'~L 41: d~k . Printed Name: .?e-"H ,;?: t"'u✓Hff', Notary Public in and for said State Commissioned in /u 1/Kp.J County Page 48 of 237 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not truthfulness, accuracy, or validity of that document. State of California County of Los Angeles On c;.h/#e If , ztJ2.J before me, ./P#H ..,7. t#V//~ --=-~....-Da_t_e~-----~ Name "' , Notary Public, personally appeared -----~A/4 ....... ~;-=;~F~L...~-.....__,_.h.9 ~.,.....~'"""~"'-=~-'---------------l Vame(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Place Notary Seal and/or Stamp I certify under penalty of perjury under the law of the State of California that the foregoing paragraph is true and correct. Witness my hand and official seal. OPTIONAL Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: --~rll"-~~z=d~-~M~~~~~~~~A~~t-:"-/=--------- Document Date: ______ .t/,_~~--------Number of Pages: _ ____.1 ___ _ Signer(s) Other Than Named Above:-------~~~----------- Page 49 of 237 EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY LOT TWO (2) 281 RETAIL SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, LESS AND EXCEPT WIRELESS NETWORK TELECOMMUNICATIONS TOWER, EQUIPMENT AND FACILITIES LOCATED ON SAID REAL PROPERTY, INCLUDING BUT NOT LIMITED TO EQUIPMENT SHELTERS AND/OR CABINETS, FENCED ENCLOSURE, ANTENNAS, COAX, CABLING AND CONDUIT, EMERGENCY POWER GENERATORS, METERS, TOGETHER WITH ANY AND ALL ADDITIONS, APPURTENANCES, INFRASTRUCTURE, IMPROVEMENTS, UTILITY FACILITIES (INCLUDING WITHOUT LIMITATION ELECTRICAL, FIBER AND GAS CONNECTIONS, IF ANY), EQUIPMENT AND FIXTURES SUPPORTING, AFFIXED OR RELATED THERETO, INCLUDING WITHOUT LIMITATION PEDESTALS, GROUNDING WIRES, CABINETS, TRANSFORMERS, PIPES, WIRES, CONDUITS, AND ANY AND ALL EQUIPMENT, APPURTENANCES AND FIXTURES SUBJECT TO ANY LICENSE OR LEASE AGREEMENTS TO WHICH GRANTOR IS A PARTY, WHETHER UNDERGROUND OR ABOVEGROUND, ALL LOCATED ON SAID REAL PROPERTY, TOGETHER WITH ANY AND ALL EASEMENT RIGHTS APPURTENANT TO SAID REAL PROPERTY WHICH SERVE OR SUPPORT THE FOREGOING FACILITIES, THE TITLE TO WHICH IS HEREBY SEVERED FROM THE TITLE TO THE FOREGOING REAL PROPERTY AND SHALL REMAIN WITH GRANTOR. SUBJECT TO NETWORK AND TELECOMMUNICATIONS TOWER, UTILITY AND ACCESS EASEMENT AGREEMENT, DATED ON OR ABOUT THE DATE HEREOF, TO BE FILED OF RECORD CONCURRENTLY HEREWITH. CORE/0762186.3412/182514381.1 Page 50 of 237 EXHIBITB LEGAL DESCRIPTION OF EASEMENT AREA THAT PART OF LOT TWO (2) 281 RETAIL SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID LOT 2, A #5 REBAR FOUND FOR CORNER; THENCE FOLLOWING THE PERIMETER OF THE 50'Xl 00' EASEMENT ON THE FOLLOWING BEARINGS AND DISTANCES: SOUTHERLY, SOUTH 01°40'45" EAST, ON THE EAST LINE OF LOT 2, 281 RETAIL SUBDIVISION, 100.00 FEET; THENCE DEPARTING SAID EAST LINE, WESTERLY, SOUTH 88°52'34" WEST, 50.00 FEET; THENCE NORTHERLY, NORTH 01°40'45" WEST, 100.00 FEET, TO A POINT OF INTERSECTION ON THE NORTH LINE OF LOT 2,281 RETAIL SUBDIVISION; THENCE EASTERLY, ON THE NORTH LINE OF SAID LOT 2, NORTH 88°52'34" EAST, 100.00 FEET, TO THE POINT OF BEGINNING. CONTAINING A TOTAL CALCULATED AREA OF 5,000 SQUARE FEET, OR 0.115 ACRES, MORE OR LESS. TOGETHER WITH: AN ACCESS AND UTILITY EASEMENT, 30 FEET IN WIDTH, LOCATED THAT PART OF LOT TWO (2) 281 RETAIL SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA THE CENTERLINE BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: REFERRING TO THE NORTHEAST CORNER OF SAID LOT 2, A #5 REBAR FOUND FOR CORNER; THENCE WESTERLY, SOUTH 88°52'34" WEST, ON THE NORTH LINE OF LOT 2,281 RETAIL SUBDIVISION, 65.00 FEET, TO THE POINT OF BEGINNING FOR THE CENTERLINE OF THE DESCRIBED ACCESS AND UTILITY EASEMENT; THENCE FOLLOWING THE CENTERLINE OF THE EASEMENT ON THE FOLLOWING BEARINGS AND DISTANCES: SOUTHERLY, SOUTH 01 °40'45" EAST, 115.00 FEET THENCE EASTERLY, NORTH 88°52'34" EAST, 26.50, TO A POINT HEREAFTER REFERRED TO AS "POINT "A"; THENCE SOUTHERLY, SOUTH 01°40'45" EAST, 141.00 FEET; THENCE SOUTHEASTERLY, SOUTH 21°03'18" EAST, 25.62 FEET; THENCE SOUTHERLY, SOUTH 01 °40'45" EAST, 80.00 FEET; THENCE SOUTHWESTERLY, SOUTH 28°41'58" WEST, 72.31 FEET; THENCE SOUTHERLY, SOUTH 01°40'45" EAST, 196.00 FEET, TO A POINT OF INTERSECTION ON THE NORTHERLY RIGHT-OF-WAY LINE OF 13TH STREET WEST, ALSO BEING THE POINT OF TERMINATION OF THE CENTERLINE FOR THE DESCRIBED ACCESS AND UTILITY EASEMENT. CONTAINING A TOTAL CALCULATED AREA OF 20,398 SQUARE FEET, OR 0.468 ACRES, MORE OR LESS. PARALLEL LINES FROM THE DESCRIBED CENTERLINE ARE INTENDED TO LENGTHEN OR SHORTEN TO INTERSECT THE LINES DESCRIBED. TOGETHER WITH: A UTILITY EASEMENT, 15 FEET IN WIDTH, LOCATED THAT PART OF LOT TWO (2) 281 RETAIL SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, THE CENTERLINE BEING MORE PARTICULARLY DESCRIBED AS CORE/0762186.3412/182514381. 1 Page 51 of 237 FOLLOWS: REFERRING TO THE NORTHEAST CORNER OF SAID LOT 2, A #5 REBAR FOUND FOR CORNER; THENCE SOUTHERLY, SOUTH 01 °40'45" EAST ON THE EAST LINE OF LOT 2,281 RETAIL SUBDIVISION, 130.00 FEET; THENCE DEPARTING SAID EAST LINE, WESTERLY, SOUTH 88°52'34" WEST, 10.00 FEET, TO THE POINT OF BEGINNING FOR THE CENTERLINE OF THE DESCRIBED UTILITY EASEMENT; THENCE FOLLOWING THE CENTERLINE OF THE EASEMENT ON THE FOLLOWING BEARINGS AND DISTANCES: SOUTHERLY, SOUTH 01°40'45" EAST, 313.00 FEET; THENCE SOUTHWESTERLY, SOUTH 57°56'54" WEST, 20.50 FEET; THENCE SOUTHERLY, SOUTH 01 °53'19" WEST, 165.59 FEET, TO A POINT OF INTERSECTION ON THE NORTHERLY RIGHT-OF-WAY LINE OF 13TH STREET WEST, ALSO BEING THE POINT OF TERMINATION OF THE CENTERLINE FOR THE DESCRIBED UTILITY EASEMENT. CONTAINING A TOTAL CALCULATED AREA OF 7,483 SQUARE FEET, OR 0.172 ACRES, MORE OR LESS. PARALLEL LINES FROM THE DESCRIBED CENTERLINE ARE INTENDED TO LENGTHEN OR SHORTEN TO INTERSECT THE LINES DESCRIBED. TOGETHER WITH: ANY AND ALL RIGHTS APPURTENANT TO THE PROPERTY AND/OR EASEMENT, IF ANY, ARISING UNDER THE FOLLOWING RECORDED INSTRUMENTS: 1. PLAT RECORDED FEBRUARY 1, 2010 AS DOCUMENT NO. 201000671. 2. SUBDIVISION AGREEMENT DATED DECEMBER 21, 2009, RECORDED FEBRUARY 1, 2010 AS DOCUMENT NO. 201000683. 3. UTILITYEASEMENTDATEDJANUARY31, 1995,RECORDEDFEBRUARY3, 1995 AS DOCUMENT NO. 95-100669. 4. EASEMENT DATED SEPTEMBER 7, 1993, RECORDED NOVEMBER 4, 1993 AS DOCUMENT NO. 93-109512. 5. PUBLIC UTILITIES EASEMENT DATED APRIL 24, 1990, RECORDED MAY 23, 1990 AS DOCUMENT NO. 90-102852. 6. PLAT DATED AUGUST 20, 1988, RECORDED NOVEMBER 30, 1988 AS DOCUMENT NO. 88-106465. 7. PUBLICUTILITIESEASEMENTDATEDJUNE25, 1990,RECORDEDWLY 11, 1990 AS DOCUMENT NO. 90-104020. 8. LICENSE AGREEMENT DATED MARCH 12, 2019, RECORDED MARCH 20, 2019 AS DOCUMENT NO. 201901611. 9. NO BUILD EASEMENT DATED OCTOBER 5, 1994, RECORDED OCTOBER 19, 1994 AS DOCUMENT NO. 94-108552. CORE/0762186.3412/l 825 l 438 l. 1 Page 52 of 237 EACH RECORDED IN THE REAL PROPERTY RECORDS OF HALL COUNTY, NEBRASKA. CORE/0762186.3412/l 82514381.1 Page 53 of 237 Attachment 3 TIF Sources and Uses Page 54 of 237 3650 W. 13th Street TIF Projections TIF SOURCES General Assumptions Tax Levy: 2.14705 Interest Rate: 0.0% Base Value: $764,850 Final Value: $3,531,000 TIF Period (years) 15 Assessed Value Taxes Base Year $764,850 $16,422 Final Value $3,531,000 $75,812 Increment $2,766,150 $59,390 Annual TIF Amt. $59,390 Present Value $890,857 TIF USES Site Acquisition $764,850 Renovation $1,874,790 Demolition $89,000 Sewer $110,000 Electrict $125,360 Gas $25,000 Streets/ Sidewalks $210,000 Arch. & Eng. $35,000 Legal $15,000 Total eligible Uses $3,249,000 Page 55 of 237 Page 56 of 237 Page 57 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 8.b. Subject: Redevelopment Plan Amendment CRA Area 28 - Amendment to the Area Included in the Enhanced Employment Area to include additional properties specifically: Wells Fargo, Red Lobster and in Grand Island - Forward Plan Amendment to the Hall County Regional Planning Commission. Staff Contact: Chad Nabity BACKGROUND: Woodsonia Hwy. 281 LLC has requested that the CRA and Council consider enlarging the Enhanced Employment Area approved with the Conestoga Marketplace Redevelopment Plan on November 22, 2023. The proposal would add 3 parcels to the existing EEA including Red Lobster and Wells Fargo on the south side of the project and Balz on the northwest side of the project. All of the property owners have consented to being added to the area. The plan amendment was prepared by Mike Bacon acting for the Authority. RECOMMENDATION: Move to approve as recommended. SAMPLE MOTION: Move to approve as recommended. ATTACHMENTS: 1. 04 CRA RES 455 refer to RPC Woodsonia Area 28 Amended EEA 2. revised plan amendment 3. Outparcel - Executed Enhanced Employment Consent 11.29.22, 4857-6041-0964 4. Don Mehring Executed EEA Consent Page 58 of 237 Enlarged EEA CRA Area 28 Woodsonia COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 455 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 18th day of October, 2023 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Page 59 of 237 Amendment of Redevelopment Plan, Grand Island CRA Area 28 Conestoga Marketplace October 2022, Enlarging the Redevelopment Area and Designating Additional Real Estate as an Enhanced Employment Area The Community Redevelopment Authority of the City of Grand Island (“CRA”) seeks to amend the “Redevelopment Plan, Grand Island CRA Area 28 Conestoga Marketplace, October 2022” (“Original Plan”) by enlargement of the Redevelopment Area subject to the Original Plan and designating the additional area as an Enhanced Employment Area provided in the Nebraska Community Development Law (the “Act”). The Original Plan is on file with the Grand Island, Nebraska, office of the City Clerk and is incorporated herein by this reference, INTRODUCTION: The City Council of Grand Island, Nebraska previously approved the Original Plan on November 22, 2022. The Redevelopment Area designated in the Original Plan is designated on Exhibit “A” hereto as “TIF Project Area” and legally described as Lots 1, 4 and 5, Conestoga Mall Eighth Subdivision to the City Of Grand Island, Hall County, Nebraska, and now described as Lots 1 through 12, inclusive, Conestoga Mall Ninth Subdivision to the City of Grand Island, Hall County, Nebraska. A portion of the Redevelopment Area in the Original Plan was designated as an Enhanced Employment Area as provided in the Act as shown on Page 12 of the Original Plan which is shown on Exhibit “B” hereto. The City imposed an occupation tax on the Enhanced Employment Area the proceeds of which are for purposes of paying the principal and interest on certain EEA Indebtedness issued by the CRA. Pursuant to the Original Plan, a Redevelopment Contract was executed between the City of Grand Island, Nebraska, the CRA and Woodsonia Hwy 281, LLC, a Nebraska limited liability company as Redeveloper. The Redevelopment Contract, among other items, provided for the issuance of TIF Indebtedness and EEA Indebtedness. This Amended Plan enlarges the Redevelopment Area as shown on Exhibit “C” and legally described as Lots 1 through 12, inclusive, of the Conestoga Mall Ninth Subdivision; Lots 2 and 3 Conestoga Mall Eighth Subdivision and South 191.53 feet of the West 220 feet of Lot 1 of Conestoga North Twelfth Subdivision, all in the City of Grand Island, Hall County, Nebraska. Additionally this Amended Plan requests: (1) that the CRA designate as Lots 1 through 12, inclusive, of the Conestoga Mall Ninth Subdivision; Lots 2 and 3 Conestoga Mall Eighth Subdivision and South 191.53 feet of the West 220 feet of Lot 1 of Conestoga North Twelfth Subdivision, all in the City of Grand Island, Hall County, Nebraska, as an Enhanced Employment Area; (2) that the Grand Island, Nebraska, City Council impose a 1.5% Occupation Tax by ordinance on the sales generated on the area described in subsection (1) on identical terms as the Occupation Tax Ordinance on Lots 1 through 12, inclusive, of the Conestoga Mall Ninth Subdivision; and (3) the proceeds of such new Occupation Tax Ordinance be pledged to the payment of the existing EEA Indebtedness. Page 60 of 237 PLAN AMENDMENT COMPLIES WITH THE ACT: §18-2111 of the Act requires that this Plan Amendment provide: 1. A map showing boundaries and existing uses in the redevelopment project area. Exhibit “C” attached hereto shows the redevelopment area as amended. Conditions and uses of the redevelopment area, prior to rehabilitation are shown in the Original Plan. 2. A land use plan of the redevelopment area. Exhibit “C” and the Original Plan show the proposed land use plan. 3. Information showing standards of population densities, land coverage and building intensities of the area after redevelopment. Exhibit “C” shows the current land coverage and building intensities. No change is contemplated as to the added areas. The Original Plan provides information as to population densities, coverage and building intensities for the balance of the redevelopment area. 4. A statement of the proposed changes, if any, in zoning ordinances or maps, street layouts, street levels or grades, or building codes and ordinances. Refer to the Original Plan for these elements. 5. Site Plan of the area. Refer to Exhibit “C” hereto and the Original Plan. 6. A statement as to the kind and number of additional public facilities or utilities which will be required to support the new land uses in the area after redevelopment. Refer to the Original Plan. This Plan Amendment does not make any revisions to this information. §18-2113 of the Act requires a cost-benefit analysis if this Amended Plan utilizes a division of taxes pursuant to §18-2147 of the Act. This Amended Plan does not provide for a division of taxes as to the real estate added to the redevelopment area. Nor does this Amended Plan provide for an increase in the TIF Indebtedness or EEA Indebtedness principal. Except as provided in this Plan Amendment, the Original Plan remains unrevised. Woodsonia Hwy 281, LLC, undertakes to create fifteen new employees and make a new investment of one million dollars over and above the original undertaking for investment and employment provided in the Original Plan. Page 61 of 237 EXHIBIT “A” Map of Original Redevelopment Area Page 62 of 237 EXHIBIT “B” Map of Original EEA Area Page 63 of 237 EXHIBIT “C” Map Showing Enlarged Redevelopment Area Page 64 of 237 Page 65 of 237 Page 66 of 237 Page 67 of 237 Page 68 of 237 City of Grand Island, Nebraska Enhanced Employment Area for Conestoga Marketplace Acknowledgement and Consent Conestoga North, L.L.C., a Nebraska limited liability company (the “Owner”), is the fee simple owner of certain real property located at 3421 W. State Street, Grand Island, Nebraska 68803 and identified as tax parcel number 400390353 (the “Balz Parcel”), more particularly described as the South 191.53 feet of the West 220 feet of Lot 1, Conestoga North Twelfth Subdivision, in the City of Grand Island, Hall County, Nebraska, as highlighted in the depiction below: The Owner understands and hereby acknowledges the following: Balz Parcel Page 69 of 237 1. In March 2023, Woodsonia Hwy 281, LLC, a Nebraska limited liability company (“Woodsonia”), acquired certain real property described as Lots 1 through 13, inclusive, and Outlot A, Conestoga Mall Ninth Subdivision, in the City of Grand Island, Hall County, Nebraska (collectively, the “Property”). 2. Woodsonia intends to redevelop the Property into a $200,000,000 mixed-use project called “Conestoga Marketplace”, as generally depicted on the site plan below: Page 70 of 237 3. Conestoga Marketplace is expected to include the following: (a) A new to market approximately 150,000-square-foot anchor retailer positioned in the southern portion of the Property described as Lot 3, Conestoga Mall Ninth Subdivision, in the City of Grand Island, Hall County, Nebraska (which retailer has acquired fee simple title to said Lot 3 from Woodsonia); (b) A redevelopment of the northern portion of the existing Conestoga Mall to include modernized, exterior-facing storefronts and façades, new tenant improvements, and high-tech entertainment offerings, including a new cinema with in-theater dining, indoor and outdoor pickleball courts, and a first-class bar / restaurant facility; (c) Approximately 300 high-quality multi-family housing units in the northeast portion of the Property described as Lot 13, Conestoga Mall Ninth Subdivision, in the City of Grand Island, Hall County, Nebraska; (d) A new hotel in the northwest portion of the Property described as Lot 12, Conestoga Mall Ninth Subdivision, in the City of Grand Island, Hall County, Nebraska (which hotel operator has acquired fee simple title to said Lot 12 from Woodsonia); and (e) Various pad sites adjacent to Highway 281 and 13th Street, which pad sites will include new restaurants and multi-tenant retail buildings. 4. A recent market retail study projects that Conestoga Marketplace will stop the current in- town retail leakage and increase out-of-town sales from 42% to 51%. 5. In order to assist with the financial feasibility of the Conestoga Marketplace project, Woodsonia has received approval from the City of Grand Island (the “City”) with respect to certain governmental incentives, including the creation of an Enhanced Employment Area (“EEA”) pursuant to the Nebraska Community Development Law, under Chapter 18, Article 21 of the Nebraska Revised Statutes (the “Act”), and in accordance with Ordinance No. 9909 enacted on December 20, 2022 by the City (the “Ordinance”). 6. Pursuant to the Ordinance, a 1.5% occupation tax (the “Occupation Tax”) has been imposed on all General Retail Business transactions which the State of Nebraska is authorized to impose a tax upon as allowed by the Nebraska Local Option Revenue Act for each calendar month derived from the General Retail Business subject to the tax (similar to sales tax transactions). “General Retail Business” means any activity engaged in by any natural party or caused to be engage in by such party in which products or services are sold, leased, or rented for any purpose other than for resale, sublease, or subrent, and shall expressly exclude any transaction which is subject to tax under Sections 53-160, 66-489, 66- 489.02, 66-4,140, 66-4,145, 66-4,146, 77-2602 or 77-4008 of the Nebraska Revised Statutes or which is exempt from tax under Section 77-2704.24 of the Nebraska Revised Statutes. 7. The Occupation Tax will help Woodsonia to finance the cost of public improvements for the Conestoga Marketplace project in an amount not to exceed $36,762,753, which financing will be available via the issuance of occupation tax revenue bonds, refunding bonds, notes, interim certificates, debentures, anticipation notes, and other indebtedness or obligations by the Community Redevelopment Authority of the City pursuant to the provisions of Section 18-2124 of the Act for which occupation tax Page 71 of 237 receipts have been pledged (the “Bonds”), as provided in the Redevelopment Contract between the City and Woodsonia. Such public improvement costs include, without limitation, Property acquisition costs, site preparation costs, costs of utilities and transportation improvements, and façade and building enhancement costs. 8. The imposition of the Occupation Tax shall terminate upon the earlier of (a) payment in full of the Bonds or (b) 30 years after the effective date of the Occupation Tax in the EEA. 9. The EEA is being amended to include the parcels designated as “Added” in the depiction below, which includes the Balz Parcel: Page 72 of 237 Page 73 of 237 Page 74 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 8.c. Subject: Redevelopment Plan Amendment CRA Area 37 - 610 N Darr Avenue - Beckett Inc. Forward Plan Amendment to the Hall County Regional Planning Commission and Notify Council of Intent to Enter Into a Redevelopment Contract Staff Contact: Chad Nabity BACKGROUND: Redevelopment Plan Amendment CRA Area 37 - The former Parkview Nursing Home located at 610 N. Darr Avenue. The propose project would renovate the existing building for use as a transitional facility for persons completing treatment for drug and alcohol addiction. The request is for $567,097 in Tax Increment Financing with an expected private investment of $1,716,553. Forward Plan Amendment to the Hall County Regional Planning Commission and Notify Council of Intent to Enter Into a Redevelopment Contract RECOMMENDATION: SAMPLE MOTION: ATTACHMENTS: 1. Redevelopment Plan Amendment Area 37 Parkview Beckett 2. Beckett Inc TIF PDF 1 3. 04 CRA RES 456 refer to RPC Beckett Parkview Area 37 4. 05 CRA RES 457 Beckett Parkview Area 37 Page 75 of 237 Redevelopment Plan Grand Island CRA Area 37 October 2023 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 37 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 37. Executive Summary: Project Description THE REDEVELOPMENT THE PARKVIEW NURSING HOME AT 610 N. DARR AVENUE FOR COMMERICIAL PURPOSES. The use of Tax Increment Financing to aid in renovation of the former Parkview Nursing home at 610 N. Darr Avenue. The use of Tax Increment Financing is an integral part of the development plan and necessary to make this project affordable. This property has sat vacant for several years and was acquired by the Beckett Inc. in December of 2022. Becket Inc. has purchased this property for the purpose of renovating it as a home for persons in addiction recovery. This project is in CRA Area 37. This property has been vacant for several years and significant work is necessary to renovate the building and bring it up to code. The proposed use is similar to the historic use of this building. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with the renovation. The Grand Island Community Redevelopment Authority (CRA) intends to pledge the ad valorem taxes generated over a 15 year period beginning in 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”) Legal Descriptions: 610 N. Darr Avenue Packer and Barr’s Addition Loots 1, 2, 3, 5, 6, and the south ½ of Lot 4 Block 4 Lot 2, 281 Retail Subdivision (Parcel ID No. 400068885). Page 76 of 237 Existing Land Use and Subject Property Page 77 of 237 The tax increment will be captured for the tax years the payments for which become delinquent in years 2025 through 2040 inclusive. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The increase will come from 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. 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 September 28, 2021.[§18-2109] Such Page 78 of 237 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 November 1, 2023 and passed Resolution 2024-?? 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: This Redevelopment Plan for Area 37 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 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)] Page 79 of 237 City of Grand Island Future Land Use Map Page 80 of 237 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The area is zoned RO Residential Office Zone. The future land use map calls for public uses which tend to include public health facilities. This property has historically been used as a nursing home. No changes are anticipated in building codes or other ordinances. No other planning changes contemplated. [§18-2103(b) and §18-2111] Page 81 of 237 Current Zoning on the Site e. Site Coverage and Intensity of Use The RO zoning district allows for a variety of residential, office, medical and non-profit uses. The RO district allows a maximum ground coverage of 75%. [§18-2103(b) and §18-2111] Page 82 of 237 f. Additional Public Facilities or Utilities Sanitary sewer and water are available to support this development. 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 $300,000 as an eligible expense. The estimated costs of utilities including improvements for electric is $75,000. Demolition and rehabilitation activities of are expected to cost $1,693,000. Planning activities including engineering, architecture, legal fees and government fees are estimated at $7,000. The total of the eligible expenses for this project is estimated by the developer at $2,075,000. 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 $567,097 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: Page 83 of 237 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 particular building has been a blighting influence on the area for several years while it sat unoccupied on this busy corridor. 8. Time Frame for Development Development of this project is anticipated to begin in the 2023 year. The renovations are expected to be complete in 2024. Excess valuation should be available for 15 years beginning with the 2025 tax year. 9. Justification of Project This project will renovate and rehabilitate an existing building that has been vacant on this high traffic corridor for the last several years. 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 $567,097 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 $1,716,553 in private sector financing and investment; a private investment of $3.003 for every TIF dollar invested. Page 84 of 237 Use of Funds Source of funds Description TIF Funds Private Funds Total Acquisition $300,000 $300,000 Building Costs $60,097 $1,507,903 $1,568,000 Utilities $75,000 $75,000 Demolition $125,000 $125,000 Legal/ TIF contract $7,000 $7,000 Contingency $208,650 $208,650 Total $567,097 $1,716,553 $2,283,650 Tax Revenue. The property to be redeveloped is anticipated to have a January 1, 2024 valuation of approximately $300,000. Based on the 2022 levy this would result in a real property tax of approximately $6,349. It is anticipated that the assessed value will increase by $1,786,508 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $37,806 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 2024 assessed value: $ 300,000 Estimated value after completion $ 2,086,508 Increment value $ 1,786,508 Annual TIF generated (estimated) $ 37,806 TIF bond issue $ 567,097 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $300,000 The proposed redevelopment will create additional valuation of $1,786,508 by the end of the project. The project creates additional valuation, renovates a build that has been a drain on the neighborhood and surrounding area and that will support taxing entities long after the project is paid off. This development will also support and complement the construction of Claude Road on the west side of this property. The tax shift from this project will be equal to the total of the bond principal of $567,097 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 not directly result in a larger number of students for Grand Island Page 85 of 237 Public Schools. 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 provide additional space for new businesses. (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. (e) Impacts on student populations of school districts within the City or Village: This development will not have a direct impact on the Grand Island School system (f) Any other impacts determined by the authority to be relevant to the consideration of costs and benefits arising from the redevelopment project. This will renovate and rehabilitate an existing building that has been vacant for the last several years. Time Frame for Development Development of this project is anticipated to be completed by the end of 2024. The base tax year should be calculated on the value of the property as of January 1, 2025. Excess valuation should be available for this project beginning in 2025 with taxes due in 2026. 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 $567,097 the projected amount of increment based upon the anticipated value of the project and current tax rate and associated interest on the bond. Based on the estimates of the expenses of the rehabilitation the developer will spend at least $2,075,000 on TIF eligible activities. Page 86 of 237 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 __37____ Beckett, Inc. 2110 E. Stolley Park Road, Grand Island, NE 68801 (402) 968-1702 pbeckett2nd@gmail.com Phil Beckett Beckett, Inc. is a real estate developer and contractor that creates secure, stable, transitional housing for people working towards sobriety. This supervised building community will help fill in the medical needs of our clients. 610 N. Darr Ave., Grand Island, NE 68801 PACKER'S & BARR'S ADD LTS 1-2-3-5-6 & S 2'LT 4 BLK 4 Page 87 of 237 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 $ ______________ Beckett, Inc. 4 This property is currently vacant and has been for three years. parking lot, fenced courtyard, basement, rec rooms. The heating and air is an outdated boiler system and will need to be upgraded. The exterior has some rotted areas that will need replaced. The landscaping is overgrown and neglected. The plumbing froze and will need replaced/repaired. The interior will need updated.0 300,00.00 1,568,000.00 75,000.00 This property is currently vacant and has been for three years. During the last three years, it has been the cause and concern for multiple police calls due to vagrants and vandalism. This property has been unsightly for the neighbors and the community. It is on a main through-way street in Grand Island. Currently, the way it sits, it negates the value and professionalism of the neighboring medical facilities that are important to our community. The building is 23,291 sq. ft., was most recently house a nursing home (Park Place Care and Rehabilitation Center). It was built in 1961 with an all-brick exterior. There are 44 rooms, 50 car parking lot, fenced courtyard, basement, rec rooms.The heating and air is an outdated boiler system and will need to be upgraded. The exterior has some rotted areas that will need replaced. The landscaping is overgrown and neglected. The plumbing froze and will need replaced/repaired. The interior will need updated. Page 88 of 237 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__Hall County Assessor___________________ 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 $ $ ____0_________ $ ____0_________ $ ____567,097.00 $ ____0__________ $ ____0__________ $ ______________ $ ______________ 125,000.00 7,000.00 208,650.00 2,283,650.00 2,086,508.00 450,000.00 1,266,553.00 ______________ (insurance, real estate taxes, interest, and all other carrying expenses during duration of project) Page 89 of 237 Form Updated 7-25-2019cn Page | 4 G. Nebraska Housing Trust Fund H. Other $ ____0__________ $ ____0__________ 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) ________________________________________________________________ Please see attached memo from Hall County Assessor.________________________________________________________ ____ ________________________________________________________________ ____________________________________________________________ Project Construction Schedule: Construction Start Date: _________________________________________________ Construction Completion Date: ___________________________________________ If Phased Project: _______________________ Year ______________________ % Complete _______________________ Year ______________________ % Complete _______________________ Year ______________________ % Complete _______________________ Year ______________________ % Complete _______________________ Year ______________________ % Complete _______________________ Year ______________________ % Complete Architect: ATA Architects, LLC, 323 E. 14th Avenue, North Kansas City, MO, 64116 Engineer: Systems Engineering Professionals, Jon. R. Jackson, PE, 7335 Kentwell Lane, Lincoln, NE, 68516 General Contractor: Beckett, Inc., Phil Beckett, 2110 E. Stolley Park Road, Grand Island, NE, 68801 Phone and fax numbers available upon request. November 1, 2023 June 1, 2024 Page 90 of 237 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: ______________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________ Beckett, Inc. is requesting approximately $567,097.00 in TIF. The TIF will allow the project to cash flow and therefore be a success. These funds are especially important during this time of unprecedented inflation, interest rate increases, regional shortage of labor. Without TIF assistance, the project will not cash flow and therefore will not be a successful business venture. I am developing this property with the intent of bettering our community, providing a safe, stable, supervised living environment. Page 91 of 237 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: ________________________________________________________________ References available upon request.______________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ____________________________________ Post Office Box 1968 Grand Island, Nebraska 68802-1968 Phone: 308 385-5240 Fax: 308 385-5423 Email: cnabity@grand-island.com Beckett, Inc. is a corporation comprised of officer Phil Beckett. Page 92 of 237 Beckett Parkview Area 37 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 456 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 18th day of October, 2023 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Page 93 of 237 Beckett Parkview Area 37 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 457 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 37, from Beckett Inc. (The "Developer") for redevelopment of property at 610 N. Darr Avenue, 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 37; 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 18th day of October, 2023. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By ___________________________ Chairperson ATTEST: ___________________ Secretary Page 94 of 237 Beckett Parkview Area 37 Exhibit 1 Draft Redevelopment Plan Forwarded to the Planning Commission Page 95 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 8.d. Subject: Redevelopment Plan Amendment CRA Area 17 - Multiple projects in the Prairie Commons fourth and sixth subdivision and Ponderosa Village Second Subdivision. Forward Plan Amendment to the Hall County Regional Planning Commission and Notify Council of Intent to Enter Into a Redevelopment Contract Staff Contact: Chad Nabity BACKGROUND: Redevelopment Plan Amendment CRA Area 37 - The next phase of the Prairie Commons Development south of the new hospital. This phase includes 5 different projects: Chief Corporate Office, Hotel, Quick Serve Restaurant, Financial/Office, and Restaurant/Bar. The request is for $5,829,686 in Tax Increment Financing with an expected private investment of $49,177,580. With the proposed interest on the TIF Bonds they are expected to generate $9,809,197, an amount less than more than $10,000,000 in eligible expenditures .Forward Plan Amendment to the Hall County Regional Planning Commission and Notify Council of Intent to Enter Into a Redevelopment Contract RECOMMENDATION: SAMPLE MOTION: ATTACHMENTS: 1. 02 Redevelopment Plan Amendment - Grand Island CRA Area 17 - Phase 2 Prairie Commons 2. Tiff Application Updated final 3. 04 CRA RES 459 refer to RPC Priarie Commons 4 Area 17 4. 05 CRA RES 460 Prairie Commons 4 Area 17 Page 96 of 237 Page 97 of 237 Redevelopment Plan Amendment Grand Island CRA Area 17 October 2023 The Community Redevelopment Authority (CRA) of the City of Grand Island intends to amend the Redevelopment Plan for Area 17 within the city, pursuant to the Nebraska Community Development Law (the “Act”) and provide for the financing of a specific project in Area 17. Executive Summary: Project Description PHASE 4 OF THE REDEVELOPMENT OF PROPERTY LOCATED SOUTH OF HUSKER HIGHWAY AND WEST OF U.S. HIGHWAY 281 THE PROJECT SITE CONSISTS OF LOT 2 OF THE PRAIRIE COMMONS 4th SUBDIVISION, LOTS 3, 4, AND 9 OF THE PRAIRIE COMMONS 6TH SUBDIVISION AND LOT 1 OF THE PONDEROSA VILLAGE 2ND SUBDIVISION. THE PROJECT WILL CONSIST OF SITE WORK AND GRADING TO PROMOTE AND ENHANCE DRAINAGE ACROSS THE SITE, INTALLATION OF PUBLIC AND PRIVATE ROADS, SEWER, WATER AND OTHER UTILITY INFRASTRUCTURE TO SUPPORT DEVELOPMENT OF THE SITE. THIS PHASE OF THIS DEVELOPMENT WILL CONSIST OF THE CONSTRUCTION AT LEAST FIVE BUILDINGS FOR MULTIPLE USERS ON 5 LOTS. THE BUILDINGS INCLUDE A PROPOSED 129 ROOM HOTEL, A 43,289 SQUARE FOOT 3 STORY OFFICE BUILDING, A 12,200 SQUARE FOOT 2 STORY OFFICE BUILDING, A 2,240 SQUARE FOOT QUICK SERVE RESTAURANT, AND A 7,495 SQUARE FOOT SINGLE STORY RESTRUARANT/BAR. The use of Tax Increment Financing to aid in necessary infrastructure and grading improvements to redevelop the southwest corner of Husker Highway and U.S. Highway 281 in the City of Grand Island. The use of Tax Increment Financing was and is an integral part of the development plan and necessary to make this project economically feasible. The first phase and second phases of this development north of these sites are currently underway. The third phase, Tabitha is complete. It was anticipated when that project was approved that subsequent phases of the remainder of the site would include housing, office space and retail development. This fourth phase will extend the office development and include hospitality functions to support the rest of the subdivision. The developer has indicated that this development would not be considered nor financially feasible for at this location without the use of TIF. Prataria Ventures L.L.C., a wholly owned subsidiary of Chief Industries, Inc., owns the subject property. Chief Industries was founded in 1954 and is headquartered in Grand Island. The developer is responsible for and has provided evidence that they can secure adequate debt financing to cover the costs associated with the site work and redevelopment. The Grand Island Community Redevelopment Authority (CRA) intends Page 98 of 237 to pledge the ad valorem taxes generated over the multiple 15 year periods as soon as January 1, 2025 towards the allowable costs. TAX INCREMENT FINANCING TO PAY FOR THE REHABILITATION OF THE PROPERTY WILL COME FROM THE FOLLOWING REAL PROPERTY: Property Description (the “Redevelopment Project Area”) Legal Descriptions: Lot 2 of Prairie Commons 4th Subdivision, Lots 3, 4, and 9 of Prairie Commons 6th Subdivision and Lot 1 Ponderosa Village 2ND Subdivision in the City of Grand Island, Hall County, Nebraska. Existing Land Use and Subject Property Page 99 of 237 This plan amendment provides for the issuance TIF Notes, the proceeds of which will be granted to the Redeveloper. The tax increment will be captured for up to 15 tax years for each subphase of the project; the payments for which become delinquent in years 2026 through 2045 inclusive or as otherwise dictated by the contract. The real property ad valorem taxes on the current valuation will continue to be paid to the normal taxing entities. The incremental value for the will be created by the construction buildings as described above. This area is planned for commercial development with the Grand Island Comprehensive Plan and is currently zoned RO Residential Office and B2 General Business, a variety of office, medical and commercial uses including hospitality are permitted in these districts. 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: Page 100 of 237 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 June 9, 2015.[§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 building for permitted uses on this property as defined by the current and effective zoning regulations. The Hall County Regional Planning Commission held a public hearing at their meeting on November 1, 2023 and passed Resolution 2024-?? 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: This Redevelopment Plan for Area 17 does not anticipate real property acquisition by the developer. There is no proposed acquisition by the authority. b. Demolition and Removal of Structures: The project does not provide for the demolition or removal of any existing structures. c. Future Land Use Plan See the attached map from the 2004 Grand Island Comprehensive Plan. This property is in private ownership and is planned for commercial uses [§18-2103(b) and §18-2111]. A site plan of the area after the proposed redevelopment is also attached. [§18-2111(5)] Page 101 of 237 City of Grand Island Future Land Use Map Page 102 of 237 d. Changes to zoning, street layouts and grades or building codes or ordinances or other Planning changes. The property is currently platted and located in three different subdivisions. The property will be developed in substantial compliance with the existing plats. No changes in zoning are anticipated for the expected uses. No other planning changes contemplated. [§18-2103(b) and §18-2111] e. Site Coverage and Intensity of Use The developer is proposing to build on the site within the constraints allowed by the current zoning districts. The RO zoning district would allow up to 75% coverage. The B2 zoning district would allow up to 100% coverage. [§18-2103(b) and §18-2111] f. Additional Public Facilities or Utilities Sewer and water are available to support this development. Sufficient capacity exists within these systems to support this development at completion. Sewer, water will be extended throughout the site. The developer will be responsible for engineering and installation of all required utilities. Said utilities are expected to become part of the city infrastructure and will be accepted into the city systems after construction and inspection. Electric infrastructure will be extended throughout the site according to typical commercial installation requirements. Natural gas and communications infrastructure will be installed according to the agreements formed with the private companies that provide those services. The City of Grand Island will secure all necessary easements for utility infrastructure with the platting and development processes. [§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. No individuals or businesses will be relocated due to this development. [§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 has any ownership interest in this property at this time. 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 is showing a purchase price of this property of $2,274,128. The cost of property acquisition is not included as a TIF eligible expense but is included in the sources and uses of funds and overall investment calculations. Costs for site preparation Page 103 of 237 including, grading and fill is estimated at $528,000. Utility extensions, storm water, sewer electrical and water are estimated at $891,000, Building plans and engineering are expected to cost $3,650,000. The cost of public roads is $1,832,909 and the hike/bike trail is $400,861. An additional $357,000 of expenses for legal work, fees and financial tracking of this project are also included as eligible expenses for a total maximum TIF request of $10,993,898. It is estimated based on the proposed increased valuation to $31,172,105 will result in $659,671 of increment generated annually. Based on a TIF Bond(s) of $5,829,686 this project should pay off prior to the end of the 15 year period even with interest associated with the bond and an expected values of the bond(s) of $9,809,197. No property will be transferred to redevelopers by the Authority. The developer will provide and secure all necessary financing. 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 $5,829,686 from the proceeds of the TIF Indebtedness issued by the Authority. This indebtedness will be repaid from the Tax Increment Revenues generated from the project. TIF revenues shall be made available to repay the original debt and associated interest after January 1, 2026 through December 2045 or such term as identified within the approved contract with no portion to exceed a term of 15 years. The developer will use the TIF Note(s) to secure debt financing in an amount not to exceed $5,829,686 and accrued interest to be paid to the note holder(s) during the term of the financing. 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 Page 104 of 237 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 blighted and substandard conditions within the area. 8. Time Frame for Development Development of this project is anticipated to be completed between December of 2023 and December of 2030. Excess valuation should be available for this project for 15 years beginning with the 2025 tax year. This is the fourth phase of development of this property and it is anticipated that additional projects will be brought forward for separate consideration on other lots within this and adjacent subdivisions. 9. Justification of Project Extension of utilities, substantial site grading and installation of streets are necessary to facilitate redevelopment of this site. The redevelopment of this property by Prataria Ventures, LLC, will result in increased employment opportunities. This is development is a continuation of efforts to extend development south along U.S. Highway 281 toward U.S. Interstate 80. The Grand Island City Council has made in the past made it clear through previous decisions that they support development toward the I-80/281 interchange. 10. Cost Benefit Analysis Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used. This analysis must address specific statutory issues. As authorized in the Nebraska Community Development Law, §18-2147, Neb. Rev. Stat. (2012), the City of Grand Island has analyzed the costs and benefits of the proposed project, including: Project Sources and Uses. A maximum of $5,829,686 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 $49,177,580 in private sector financing and investment; a private investment of $8.44 for every TIF dollar investment. Page 105 of 237 Use of Funds Source of funds Description TIF Funds Private Funds Total Acquisition $ 2,274,128 Building Costs $ 41,520,368 $ 41,520,368 Sanitary Sewer $ 300,000 $ 300,000 Water $ 591,000 $ 591,000 Public Streets $ 1,698,697 $ 134,212 $ 1,832,909 Bike Trails $ 400,861 $ 400,861 Grading/Dirtwork $ 528,000 $ 528,000 Planning (Arch. & Eng.) $ 3,650,000 $ 3,650,000 Façade Enhancement $ 1,060,000 $ 1,060,000 Financing $ 135,000 $ 135,000 Other (Landscaping) $ 780,000 $ 780,000 Legal/ TIF contract $ 37,000 $ 320,000 $ 357,000 Contingency $ 1,578,000 $ 1,578,000 Total $5,829,686 $49,177,580 $55,007,266 Tax Revenue. The property to be redeveloped is has a January 1, 2024, valuation of all properties involved is approximately $907,243. Based on the 2022 levy this would result in a real property tax of approximately $19,199. It is anticipated that the assessed value will increase by $31,172,105 upon full completion, as a result of the site redevelopment. This development will result in an estimated tax increase of over $659,671 annually resulting in approximately $4,029,239 of increment over the 15 year period without any further increases in valuation. The tax increment gained from this Redevelopment Project Area would not be available for use as city general tax revenues, for a period of 15 years, or such shorter time as may be required to amortize the TIF bond and interest on the bond, but would be used for eligible private redevelopment costs to enable this project to be realized. Estimated 2024 assessed value $907,243 Estimated value after completion $32,079,348 Increment value $31,173,105 Annual TIF generated (estimated)$659,671 TIF bond issue $5,829,686 (a) Tax shifts resulting from the approval of the use of Tax Increment Financing; The redevelopment project area currently has an estimated valuation of $907,243. The proposed extension improvements at this location will result in at least an additional $31,173,105 of taxable valuation based on the Hall County Assessor’s office evaluation of the project. No tax shifts are anticipated from the project. The project creates additional valuation that will support taxing entities long after the project is paid off. The project will not add any tax burdens to taxing entities. Therefore no tax shifts will occur. Page 106 of 237 (b) Public infrastructure and community public service needs impacts and local tax impacts arising from the approval of the redevelopment project; No additional public service needs have been identified. Existing water and waste water facilities will not be impacted by this development. The electric utility has sufficient capacity to support the development. It is not anticipated that this will impact schools. Fire and police protection are available and should not be 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; The proposed uses at this site would provide for expansion of office and service jobs within the area and compete with similar located in and locating in the City. (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 is unlikely to have an impact on other employers and employees within the city. (e) Impacts on the student population of school districts within the city or village; and This project is unlikely to create any direct increase in cost for schools in the area. (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 continue growth along the 281 corridor in the direction of I-80. Time Frame for Development Development of this project is anticipated to be completed between Winter of 2023 and Winter of 2030. The base tax year should be calculated on the value of the property as of January 1, 2024. Excess valuation should be available for this project for 15 years beginning in 2025 with taxes due in 2026. Excess valuation will be used to pay the TIF Indebtedness issued by the CRA per the contract between the CRA and the developer for a period not to exceed 15 years or an amount not to exceed $5,829,686 the projected amount of increment along with any interest on the bond(s) (Projected Value of the Bonds is $9,809,197), based upon the anticipated value of the project and current tax rate. Page 107 of 237 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 ________ Page 108 of 237 Form Updated 7-25-2019cn Page | 2 Present Ownership Proposed Project Site: ________________________________________________________________ _____________________________________ Is purchase of the site contingent on Tax Increment Financing Approval? Yes No Proposed Project: Building square footage, size of property, description of buildings – materials, etc. Please attach site plan, if available. ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________ If Property is to be Subdivided, Show Division Planned: See Exhibit A3 Page 109 of 237 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 Page 110 of 237 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: ______________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________ Page 111 of 237 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 Page 112 of 237 H*LOTS FOR SALE SHOW PROPOSED BUILDING FOOTPRINTSGUIDE1. GRAND ISLAND REGIONAL MEDICAL CENTER2. PRAIRIE COMMONS MEDICAL OFFICE BUILDING3. P.C. M.O.B. 2.0 LOT (IN PLANNING)4. EQUITABLE BANK LOT (IN PLANNING)5. TABITHA AT PRAIRIE COMMONS6. CAMPUS DAYCARE LOT (IN PLANNING)7. LOT FOR SALE8. LOT FOR SALE9. ALLEN CAPITAL GROUP/ UNITY EYE CENTER10. CHIEF INDUSTRIES HEADQUARTERS LOT (IN PLANNING)11. CAMPUS RESTAURANT/BAR LOT (IN PLANNING)12. CAMPUS TAVERN LOT (IN PLANNING)13. CAMPUS APARTMENTS LOT (IN PLANNING)14. LOT FOR SALE15. LOT FOR SALE16. LOT FOR SALE17. LOT FOR SALE18. LOT FOR SALE19. SPRINGHILL SUITES BY MARRIOTT LOT (IN PLANNING) 20. LOT FOR SALE 21. LOT FOR SALE22. LOT FOR SALE23. LOT FOR SALE24. LOT FOR SALE25. QUICK SERVICE RESTAURANT (IN PLANNING)26. COMMERCIAL OFFICE (IN PLANNING)27. LOT FOR SALE28. LOT FOR SALE29. LOT FOR SALE30. LOT FOR SALEHWY 281PRAIRIEVIEW STREETDEVELOPMENT®HUSKER HWYPRAIRIEVIEW STREETRAE ROADEWOLDT STREET1258910111415161718192021222324252627293028COMPLETEDIN PLANNINGLOT FOR SALEKEY71312346TIF APPLICATION:10. CHIEF INDUSTRIES HEADQUARTERS11. CAMPUS RESTAURANT/BAR19. SPRINGHILL SUITES BY MARRIOTT25. QUICK SERVICE RESTAURANT26. COMMERCIAL OFFICEExhibit APage 113 of 237 Exhibit A2 Prairie Commons South Phase TIF ApplicaƟon Proposed Project: Building square footage, size of property, descripƟon of buildings – materials, etc. Please aƩach site plan, if available. ¾The proposed hotel is planned to be a 129-room four-story SpringHill Suites by MarrioƩ. The hotel is to be 77,804 sq. Ō. and located on the 2.699 acre parcel at Prairie Commons 6th Subdivision Lot 4 (parcel #400433893). The exterior elevaƟons is an EIFS system that blends with the design-style that complements the campus look and feel. See Exhibit B1. ¾The new proposed Chief Industries Corporate Office/Headquarters is a three-story building consisƟng of 43,298 square feet (all-inclusive of paƟos and phantom-space in the open lobby areas). The site will be on Lot 2 of Prairie Commons 4th Subdivision (Parcel #400433853), which is a 7.534 acre site. The framing system is structural steel with metal panel and stone/brick exterior. Extensive curtain wall glass systems will be uƟlized for a highly aestheƟc exterior appearance. There are numerous roof extensions, canopies, and roof-top paƟos to give this Class A office the employee ameniƟes all while creaƟng a signiﬁcant presence in the community and in the Prairie Commons campus. See Exhibit C1. ¾The proposed Commercial/Financial Office building is planned to be a two-story 12,200 square foot structure, located on the 1.14 acre Lot 1 of Ponderosa Village Second Subdivision (Parcel #400385023). Preliminary plans are for a metal panel and brick/stone exterior. Design concept to be consistent with the other Class A offices in the development. See Exhibit D1. ¾The proposed Quick Service Restaurant (QSR) is planned to be a single-story 2,240 square foot structure. This QSR is to be located on the 1.35 acre Lot 9 on the Prairie Commons 6th Subdivision (Parcel #400433917). The exterior is planned to be metal panel and stone/brick features. The site will accommodate an extensive drive-through to accommodate a high-volume of vehicles. See Exhibit E1. ¾The proposed restaurant/bar (Project ScoƩsdale) is a single-story structure consisƟng of 7,495 square feet of enclosed space with 1,863 square feet of paƟo space. This facility will be located on a porƟon of Lot 3 of Prairie Commons 6th Subdivision. The area for this restaurant/bar will be approximately 2.2735 acres. The exterior will consist of EIFS, metal panel, and stone/brick. Design features will be consistent with campus look & feel. See Exhibit F1. Page 114 of 237 Prairie Commons South TIF Application10/13/2023Exhibit A3Chief Ind. HQ Hotel-SHS Marriott Project Scottsdale (Restaurant/Bar) Quick Service Restaurant Commercial/Financial Office Developer Costs TotalsVI. Estimated Project Costs:Acquisition Costs:A. Acquisition Costs: -$ 940,000$ 396,128$ 515,000$ 423,000$ -$ 2,274,128$ B. Building-$ -$ -$ -$ -$ -$ -$ Construction Costs:A. Renovation or Building Costs: 16,137,262$ 16,362,605$ 2,978,123$ 1,002,378$ 5,040,000$ -$ 41,520,368$ B. On-Site Improvements:Sewer85,000$ 60,000$ 85,000$ 30,000$ 40,000$ -$ 300,000$ Water150,000$ 150,000$ 200,000$ 21,000$ 70,000$ -$ 591,000$ Electrical-$ -$ -$ -$ -$ Gas-$ -$ -$ -$ -$ Public Streets / Sidewalks 175,000$ 135,909$ 50,000$ 45,000$ 50,000$ 1,377,000$ 1,832,909$ Private Streets -$ -$ -$ -$ -$ -$ -$ Bike Trails78,738$ 42,486$ 31,877$ 32,622$ -$ 215,138$ 400,861$ Grading / Dirtwork / Fill 204,000$ 99,000$ 95,000$ 35,000$ 95,000$ -$ 528,000$ Façade Enhancement 720,000$ -$ 150,000$ 55,000$ 135,000$ 0 1,060,000$ Demolition-$ -$ -$ -$ -$ -$ -$ Other ( Landscaping) 450,000$ 150,000$ 60,000$ 60,000$ 60,000$ -$ 780,000$ Sub Total 1,862,738$ 637,395$ 671,877$ 278,622$ 450,000$ 1,592,138$ 5,492,770$ Soft Costs: A. Architectural & Engineering Fees 756,000$ 657,000$ 250,000$ 75,000$ 378,000$ 144,000$ 2,260,000$ B. Financing Fees 45,000$ 50,000$ 20,000$ 10,000$ 10,000$ -$ 135,000$ C. Legal Fees 75,000$ 202,000$ 40,000$ 20,000$ 20,000$ -$ 357,000$ D. Planning/Development 125,000$ 950,000$ 125,000$ 75,000$ 95,000$ 20,000$ 1,390,000$ E. Audit Fees-$ -$ -$ -$ -$ -$ F. Contingency Reserves 350,000$ 828,000$ 150,000$ 75,000$ 125,000$ 50,000$ 1,578,000$ G. Other ( Real Estate Taxes during Construction) -$ -$ -$ -$ -$ -$ -$ Sub Total 1,351,000$ 2,687,000$ 585,000$ 255,000$ 628,000$ 214,000$ 5,720,000$ Totals of Acq. Costs, Const. Costs,Improvements & Soft Costs 19,351,000$ 20,627,000$ 4,631,128$ 2,051,000$ 6,541,000$ 1,806,138$ 55,007,266$ Total Estimated Market Value at Completion:17,317,000$ 21,845,000$ 2,998,000$ 1,350,000$ 4,880,000$ -$ 48,390,000$ Source for Est. Market Value (all market experience and compariables)Source of Financing:A. Developer Equity 4,605,332$ 5,078,002$ 1,201,748$ 523,968$ 1,608,530$ -$ 13,017,579$ B. Commercial Bank Loan 10,745,775$ 11,848,671$ 2,804,078$ 1,222,591$ 3,753,236$ -$ 30,374,351$ C. Tax Credits 1. N.I.F.A.-$ -$ -$ -$ -$ -$ -$ 2. Historical Tax Credits -$ -$ -$ -$ -$ -$ -$ 3. New Market Tax Credits -$ -$ -$ -$ -$ -$ -$ 4. Opportunity Zone -$ -$ -$ -$ -$ -$ -$ D. Industrial Revenue Bonds -$ -$ -$ -$ -$ -$ -$ E. Tax Increment Financing 3,999,893$ 3,700,326$ 625,302$ 304,441$ 1,179,235$ -$ 9,809,197$ F. Enhanced Employment Area -$ -$ -$ -$ -$ -$ -$ G. Nebraska Housing Trust Fund -$ -$ -$ -$ -$ -$ -$ H. Other-$ -$ -$ -$ -$ -$ -$ Page 115 of 237 ChiefInd.HQHotelͲSHSMarriottProjectScottsdale(Restaurant/Bar)QuickServiceRestaurantCommercial/FinancialOffice DeveloperCosts TotalsͲ$940,000$396,128$515,000$423,000$Ͳ$2,274,128$85,000$60,000$85,000$30,000$40,000$ Ͳ$300,000$150,000$150,000$200,000$21,000$70,000$ Ͳ$591,000$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$175,000$135,909$50,000$45,000$50,000$1,377,000$1,832,909$Ͳ$ Ͳ$Ͳ$Ͳ$ Ͳ$ Ͳ$Ͳ$78,738$42,486$31,877$32,622$Ͳ$215,138$400,861$204,000$99,000$95,000$35,000$95,000$Ͳ$528,000$720,000$ Ͳ$150,000$55,000$135,000$0 1,060,000$Ͳ$ Ͳ$Ͳ$Ͳ$ Ͳ$ Ͳ$Ͳ$450,000$150,000$60,000$60,000$60,000$ Ͳ$780,000$1,862,738$637,395$671,877$278,622$450,000$1,592,138$5,492,770$PrairieCommonsSouthTIFApplication(EligibleTIFExpenses)9/20/2023ExhibitA4VI.EstimatedProjectCosts:AcquisitionCosts:A.AcquisitionCosts:ConstructionCosts:B.OnͲSiteImprovements:SewerWaterElectricalGasPublicStreets/SidewalksPrivateStreetsBikeTrailsGrading/Dirtwork/FillFaçadeEnhancementDemolitionOther(Landscaping)SubTotalSoftCosts:A. Architectural&EngineeringFees756,000$657,000$250,000$75,000$388,125$144,000$2,270,125$B. FinancingFees 45,000$50,000$20,000$10,000$10,000$Ͳ$135,000$C. LegalFees75,000$202,000$40,000$20,000$20,000$ Ͳ$357,000$D. Planning/Development 125,000$950,000$125,000$75,000$95,000$20,000$1,390,000$E. AuditFeesͲ$Ͳ$Ͳ$Ͳ$Ͳ$Ͳ$F. ContingencyReserves 350,000$828,000$150,000$75,000$125,000$50,000$1,578,000$G. Other(RealEstateTaxesduringConstruction)Ͳ$ Ͳ$Ͳ$Ͳ$ Ͳ$ Ͳ$Ͳ$SubTotal1,351,000$2,687,000$585,000$255,000$638,125$214,000$5,730,125$TotalEstimatedTIFEligibleCostsPerProjectandPublicImprovements:3,213,738$4,264,395$1,653,005$1,048,622$1,511,125$1,806,138$13,497,023$Page 116 of 237 PRAIRIE COMMONS SOUTH (PHASE 3) TIF APPLICATION Interest Rate:7.50% TIF Period (yrs):15 45,212$ Annual Estimated Estimated Present Valuation Increment Value Quick Service Restaurant (QSR)1,027,126$ 20,296$ $180,932 Chief Corp. HQ 13,125,828$ 266,660$ $2,377,169 Hotel/SpringHIll Suites 11,845,100$ 246,688$ $2,199,134 Commercial/Financial Office 3,859,064$ 78,616$ $700,829 Restaurant/Bar (Project Scottsdale)2,222,230$ 41,687$ $371,622 32,079,348$ 653,946$ 5,829,686$ Years 15 9,809,197$ Exhibit A5 Page 117 of 237 ';Ë ¼Ë?Ë6ËË Êf¦¬´vË bcuË@ËAË ; EUË¨Ë ³=UË½ËK©MRHqËenFVËËQl3>Ë½ËsmªN9«¶ËwW~GXk¡JËrYPTgË:81{tËx¾ZËhË¤d[\LO| ²Ë¿ÀÁ0Ë -.;`jË.Ë7 ËIz¢£#/;ÂË *,Ë)$·®¸°ÃË/0;}(ÄÅË]S^_Ë+ËË Æ¥Ë¹µºÇ»ÈËC%& ±ËÉ!'"aoË4<ËiyË-Ëp5¯§Ë&9%7()4:8,56*;11111111111111111111111111111111111111111111212;3"####"$+! $,&2$,"#)2(2(.2!2 2*$2'$2 DË 2Ë2Ë 2ËBË01$' 2 %+2$'222(-(&/2$2 2#2!!2')(2'('.2Page 118 of 237 -P069S20S#¯BW¤oW¯C~W¯-:-¯D221¯-N¯;¯Dr¯!¯-_or¤d_ªd¯3§s¯NW¯N{¥¯-_or¤g¤¯ !! ¯<¯yW¥q~td!X_or¤g¤§d _¯2e¯8W¢d¯-=-¯D221¯-O¯<¯Dvd¯¯-bv¤fa¤§d¯4§u¯NW¯Nyg¤¯HWWn¯ ¯<¯dr_,vdW_o¤g¤¦d_¯QTPU0SFP.¯2J5=J22P$¯BW¬¢¯E¨d¯>¯Qv¨dZ¯2mrhwm¯zWv¨d[d_¯I207-J?0-D¯2J5@J22P%¯/Wc¯Qpd£Wd¯;¯QoW}d¡d¯2vddv¯^Y,¡oW|kdXdjm_¯2E20SPA0-D¯2K5:L22P'¯1W©rc¯7v_|~d«¯<¯R¤ ¦¯2rdd¡¯cW¨xov_}~f¬,¡d_¯0@V:D¯2J5@J22P&¯/vW¯1id¯<¯M~¡¡¯\_¯GJ1Q0-O2¯-P08:S20T&¯/vW¯d¯<¯M¡¡¯]`¯l¯ %XHIBITº" )("*¯ ®+¯$+&2$+"#)2(2(-2! 22*$2 '$2/01'2 %!2$'2 22(,(&.2$2 2#2!!2')(2'('-2Page 119 of 237 Annual Estimated Assessed Caluation and Real Estate Tax Capture SpringHill Suites Hotel by Marriott (Prairie Commons 6th Sub Lot 4---Parcel #400433893)Assessed value/taxes - base year (actual Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total 0.37732200 1.080000 0.079826 0.076379 0.319454 0.014876 0.090272 0.023440 0.002520 0.009007 0.023420 0.019706 2.116222 1 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 2 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 3 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 4 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 5 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 6 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 7 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 8 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 9 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 10 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 11 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 12 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 13 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 14 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 15 188,080 188,080 709.67 2,031.26 150.14 143.65 600.83 27.98 169.78 44.09 4.74 16.94 44.05 37.06 3,980 Total property taxes - base year 10,645.01 30,468.96 2,252.05 2,154.80 9,012.44 419.68 2,546.75 661.29 71.09 254.11 660.73 555.95 59,703 Assessed value/taxes - base year plus increment (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 Annual Valuation Increase 0.00%1 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 2 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 3 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 4 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 5 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 6 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 7 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 8 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 9 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 10 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 11 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 12 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 13 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 14 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 15 11,845,100 11,845,100 44,694.17 127,927.08 9,455.47 9,047.17 37,839.65 1,762.08 10,692.81 2,776.49 298.50 1,066.89 2,774.12 2,334.20 250,669 Total property taxes - base year 670,412.52 1,918,906.20 141,832.04 135,707.53 567,594.69 26,431.16 160,392.13 41,647.37 4,477.45 16,003.32 41,611.84 35,012.93 3,760,029 Assessed value/taxes - increment only (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 1 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 2 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 3 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 4 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 5 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 6 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 7 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 8 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 9 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 10 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 11 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 12 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 13 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 14 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 15 11,657,020 11,657,020 43,984.50 125,895.82 9,305.33 8,903.52 37,238.82 1,734.10 10,523.03 2,732.41 293.76 1,049.95 2,730.07 2,297.13 246,688 Total property taxes - base year 659,767.52 1,888,437.24 139,579.99 133,552.73 558,582.25 26,011.47 157,845.38 40,986.08 4,406.35 15,749.22 40,951.11 34,456.99 3,700,326 Estimated Present Value$2,199,134Interest Rate 7.50%&YIJCJU#Page 120 of 237 Assessed Value ProjectionsSpringHill Suites Hotel by Marriott (Prairie Commons 6th Sub >ŽƚϰͲͲͲWĂƌĐĞůηϰϬϬϰϯϯϴϵϯ1. Prairie Commons HotelCompleted BuildingsAssume $90K per room valuationUnits129Building Value/unit:90,000$ Total Building Value:$11,610,000Lot area (sf)117,550 Lot value (sf)$2.00Lot Value (sf)$235,100Total Value:$11,845,100TIF Calculations1. Prairie Commons HotelAssumptions:Tax Rate (2020):2.1766Base Year:2023Interest Rate:7.50%TIF Period (yrs):142020 assessed value per square ft$1.60000$188,080$11,845,100$11,657,020Base Value Completed (rounded) IncrementǆŚŝďŝƚϮPage 121 of 237 BIM 360://23016 Chief Industries HQ - Grand Island/23016_Chief Industries HQ_Grand Island_Arch_SD_R21.rvtChief Industries HQ07/31/23SITE PLANEWOLDT STCHIEF HQPRAIRI E V I E W S T Exhibit C1Page 122 of 237 /(9(/ /(9(/ /(9(/ 72522)'(&. &::'0303676)&:0367&:/(9(/ /(9(/ /(9(/ 72522)'(&. $)&(,%+*' &:0303&:6)676766/(9(/ /(9(/ /(9(/ 72522)'(&. 03036667676)6):'/(9(/ /(9(/ /(9(/ 72522)'(&. $)&(,%+*' 6)&::'0303670303:'67%,0&KLHI,QGXVWULHV+4*UDQG,VODQGB&KLHI,QGXVWULHV+4B$UFKB&'B5UYW&KLHI,QGXVWULHV+46&+(0$7,&(/(9$7,216&: &857$,1:$//6<67(06) 6725()52176<67(003 0(7$/3$1(/$/80,1805$,16&5((16<67(003 0(7$/3$1(/$/80,180&20326,7(3$1(/67 6721(0$6215<9(1((5/,0(6721(25/,0(6721(,0,7$7,21:' :22'3$1(/&/$'',1* 62)),73$1(/66,08/$7(':22'210(7$/3$1(/25:22'9(1((53+(12/,&66 67$1',1*6($0522),1*6'6&$/( 1257+(/(9$7,216'6&$/( ($67(/(9$7,216'6&$/( 6287+(/(9$7,216'6&$/( :(67(/(9$7,21([KLELW&Page 123 of 237 CHIEF INDUSTRIESVIEW AT CORNER OF PRAIRIEVIEW AND EWOLDT&YIJCJU$Page 124 of 237 CHIEF INDUSTRIESVIEW ALONG PRAIRIEVIEW ST HEADED NORTH&YIJCJU$Page 125 of 237 CHIEF INDUSTRIESSOUTHWEST CORNER&YIJCJU$Page 126 of 237 CHIEF INDUSTRIESNORTHWEST CORNER AT THE MAIN ENTRANCE&YIJCJU$Page 127 of 237 Annual Estimated Assessed Caluation and Real Estate Tax Capture Chief Corporate HQ (Prairie Commons 4th Sub Lot 2---Parcel #400433853)Assessed value/taxes - base year (actual Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total 0.37732200 1.080000 0.079826 0.076379 0.319454 0.014876 0.090272 0.023440 0.002520 0.009007 0.023420 0.019706 2.116222 1 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 2 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 3 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 4 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 5 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 6 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 7 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 8 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 9 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 10 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 11 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 12 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 13 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 14 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 15 525,091 525,091 1,981.28 5,670.98 419.16 401.06 1,677.42 78.11 474.01 123.08 13.23 47.29 122.98 103.47 11,112 Total property taxes - base year29,719.27 85,064.77 6,287.39 6,015.89 25,161.37 1,171.69 7,110.15 1,846.22 198.48 709.42 1,844.65 1,552.12 166,681 Assessed value/taxes - base year plus increment (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 Annual Valuation Increase0.00%1 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 2 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 3 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 4 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 5 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 6 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 7 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 8 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 9 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 10 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 11 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 12 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 13 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 14 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 15 13,125,828 13,125,828 49,526.64 141,758.94 10,477.82 10,025.38 41,930.98 1,952.60 11,848.95 3,076.69 330.77 1,182.24 3,074.07 2,586.58 277,772 Total property taxes - base year742,899.55 2,126,384.14 157,167.35 150,380.64 628,964.74 29,288.97 177,734.21 46,150.41 4,961.56 17,733.65 46,111.03 38,798.63 4,166,575 Assessed value/taxes - increment only (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 1 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 2 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 3 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 4 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 5 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 6 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 7 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 8 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 9 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 10 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 11 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 12 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 13 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 14 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 15 12,600,737 12,600,737 47,545.35 136,087.96 10,058.66 9,624.32 40,253.56 1,874.49 11,374.94 2,953.61 317.54 1,134.95 2,951.09 2,483.10 266,660 Total property taxes - base year 713,180.28 2,041,319.36 150,879.96 144,364.75 603,803.37 28,117.28 170,624.06 44,304.19 4,763.08 17,024.23 44,266.39 37,246.52 3,999,893 Estimated Present Value $2,377,169Interest Rate 7.50%1,201,113.69 ǆŚŝďŝƚϮPage 128 of 237 Value Projections 1.Chief Corporate HQ (Prairie Commons 4th Sub Lot 2---Parcel #400433853) Completed Coffee Shop Completed Base Building Area (sf):39,377 0 Building Value/SF:$300 Total Building Value:$11,813,100 $0 Land Area (sf):328,182 328,182 Land Value/SF:$4.00 $1.60 Total Land Value:$1,312,728 $525,091 Total Value:Notice to Divide Year $13,125,828 $525,091 Exhibit C2 Page 129 of 237 Exhibit D1Page 130 of 237 Annual Estimated Assessed Caluation and Real Estate Tax Capture Ponderosa Village 2nd Sub Lot 1 (Parcel #400385023) Assessed value/taxes - base year (actual Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total 0.37732200 1.080000 0.079826 0.076379 0.319454 0.014876 0.090272 0.023440 0.002520 0.009007 0.023420 0.019706 2.116222 1 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 2 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 3 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 4 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 5 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 6 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 7 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 8 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 9 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 10 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 11 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 12 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 13 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 14 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 15 144,158 144,158 543.94 1,556.91 115.08 110.11 460.52 21.44 130.13 33.79 3.63 12.98 33.76 28.41 3,051 Total property taxes - base year 8,159.10 23,353.60 1,726.13 1,651.60 6,907.78 321.67 1,952.01 506.86 54.49 194.76 506.43 426.12 45,761 Assessed value/taxes - base year plus increment (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100%0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 Annual Valuation Increase 0.00% 1 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 2 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 3 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 4 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 5 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 6 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 7 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 8 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 9 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 10 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 11 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 12 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 13 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 14 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 15 3,859,064 3,859,064 14,561.10 41,677.89 3,080.54 2,947.51 12,327.93 574.07 3,483.65 904.56 97.25 347.59 903.79 760.47 81,666 Total property taxes - base year 218,416.46 625,168.37 46,208.05 44,212.72 184,919.01 8,611.12 52,254.81 13,568.47 1,458.73 5,213.79 13,556.89 11,407.01 1,224,995 Assessed value/taxes - increment only (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100%0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 1 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 2 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 3 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 4 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 5 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 6 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 7 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 8 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 9 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 10 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 11 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 12 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 13 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 14 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 15 3,714,906 3,714,906 14,017.16 40,120.98 2,965.46 2,837.41 11,867.42 552.63 3,353.52 870.77 93.62 334.60 870.03 732.06 78,616 Total property taxes - base year 210,257.36 601,814.77 44,481.91 42,561.12 178,011.24 8,289.44 50,302.80 13,061.61 1,404.23 5,019.02 13,050.46 10,980.89 1,179,235 Estimated Present Value $700,829 Interest Rate 7.50% Exhibit D2 Page 131 of 237 Value ProjectionsPonderosa Village 2nd Sub Lot 1 (Parcel #400385023)1. Commercial/Financial OfficeTwo Story OfficeCompleted BaseBuilding Area (sf): 12,200 0Building Value/SF: $300Total Building Value: $3,660,000 $0Land Area (sf): 49,766 49,766 Land Value/SF: $4.00 $2.90Total Land Value: $199,064 $144,158Total Value: Notice to Divide Year $3,859,064 $144,158ǆŚŝďŝƚϮPage 132 of 237 BY-PASS LANENEEEEEEESTARBUCKSHWY. 281 & RAE RD.GRAND ISLAND, NEBRASKAPROPOSED SITE PLAN2023-18??/??/??A1.1??/??/????/??/??STANLEY J. HOW ARCHITECTS, INC.© A R C H I T E C T SExhibit E1Page 133 of 237 Annual Estimated Assessed Caluation and Real Estate Tax Capture Quick Service Restaurant (Prairie Commons 6th Sub---Parcel #400433917)Assessed value/taxes - base year (actual Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total 0.37732200 1.080000 0.079826 0.076379 0.319454 0.014876 0.090272 0.023440 0.002520 0.009007 0.023420 0.019706 2.116222 1 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 2 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 3 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 4 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 5 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 6 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 7 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 8 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 9 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 10 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 11 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 12 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 13 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 14 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 15 68,056 68,056 256.79 735.00 54.33 51.98 217.41 10.12 61.44 15.95 1.72 6.13 15.94 13.41 1,440 Total property taxes - base year 3,851.83 11,025.02 814.89 779.70 3,261.10 151.86 921.53 239.28 25.73 91.95 239.08 201.17 21,603 Assessed value/taxes - base year plus increment (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 Annual Valuation Increase 0.00%1 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 2 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 3 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 4 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 5 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 6 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 7 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 8 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 9 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 10 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 11 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 12 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 13 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 14 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 15 1,027,126 1,027,126 3,875.57 11,092.96 819.91 784.51 3,281.19 152.80 927.21 240.76 25.88 92.51 240.55 202.41 21,736 Total property taxes - base year 58,133.56 166,394.35 12,298.70 11,767.62 49,217.91 2,291.93 13,908.10 3,611.37 388.25 1,387.70 3,608.29 3,036.08 326,044 Assessed value/taxes - increment only (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 1 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 2 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 3 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 4 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 5 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 6 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 7 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 8 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 9 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 10 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 11 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 12 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 13 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 14 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 15 959,070 959,070 3,618.78 10,357.96 765.59 732.53 3,063.79 142.67 865.77 224.81 24.17 86.38 224.61 188.99 20,296 Total property taxes - base year 54,281.73 155,369.33 11,483.81 10,987.92 45,956.81 2,140.07 12,986.57 3,372.09 362.53 1,295.75 3,369.21 2,834.91 304,441 Estimated Present Value$180,932Interest Rate 7.50%ǆŚŝďŝƚϮPage 134 of 237 Value Projections1. Quick Service Restaurant (Prairie Commons 6th Sub---Parcel #400433917)Completed Coffee ShopCompleted BaseBuilding Area (sf): 2,280 0Building Value/SF: $350Total Building Value: $798,000 $0Land Area (sf): 57,281 57,281 Land Value/SF: $4.00 $1.19Total Land Value: $229,126 $68,056Total Value: Notice to Divide Year $1,027,126 $68,056Exhibit E2Page 135 of 237 ($6(0(17 $3352; )520321'(526$/$.(=21(*(1(5$/%86,1(66%6(7%$&.6)5217 5($5 6,'( /$1'6&$3(%8))(55(48,5(0(17 2))675((7<$5'3$5.,1*5(48,5(0(17663$&(6)25(9(5<6($765(67$85$1763$&()25(9(5<6($76&21)(5(1&($66(0%/<5(48,5('$'$$9$,/$%/($'$6(77/(552$'5(67$85$173$7,2($6(0(17 (175</27127((;,67,1*%,.(75$,/ 127(35,9$&<)(1&($'$ $'$ 127(3267,1',&$7259$/9(127((/(&7521,&75$16)250(575$6+(1&/2685(127(352326('1(:3523(5/</,1(127((/(&7521,&75$16)250(5127('5,9(:$<)25'(/,9(5,(6127($5($)25/,9(086,&67$*(127($5($)256($7,1*127(&2%%/(6721(3$9,1*#0$,1(175$1&($1'3$7,26%$5 $ %$5 % 3$7,23$7,2 $'$ 127('5,9(:$<)25'(/,9(5,(6 75$6+(1&/2685(127(&2%%/(6721(3$9('3$7+72/,9(086,& 127(352326('&20021'5,9(&21)(5(1&(3$7,2MYYU\\\HMNJKHTSXYWZHYNTSZX0*&73*>3*ª,7&3).81&3)3*ª8-**934574/*(93&2*8(&1*574/*(934)&9*)7&<3'>)*8.,3':.1)ª ,*3*7&1(4397&(9478127)25&216758&7,217KHVHSODQVDUHWKHSURSHUW\RI&+,()&216758&7,217KH\DUHQRWWREHUHSURGXFHGRUGLVWULEXWLHGLQDQ\PDQQHUZLWKRXWWKHZULWWHQFRQVHQWRI&+,()&216758&7,21&21),'(17,$/ $ (1*/,6+$352-(&76&2776'$/(*5$1',6/$1'1($5&+,7(&785$/6,7(3/$1 6,7(3/$1Exhibit F1Page 136 of 237 $$$$ )$&(72)$&(2)678' )$&(72)$&(2)678' )$&(72)$&(2)678' )$&(72)$&(2)678' )$&(72)$&(2)678' )$&(72)$&(2)678' )$&(72)$&(2)678' 9(67+267%$5:$6+055055055:55:55:55&21)(5(1&(.,7&+(13$7,2:,1(5220',1,1* 127(23(5$%/(3$57,7,216127(%227+',9,'(56%2;('287:22'3$1(/,1*127($%675$&7$573,(&(672%(86('$63$57,7,2167+528*+2875(67$85$17127(7528*+6,1.6<67(0 0(&+6725$*(2)),&( 29(5$//352326('648$5()227$*(6)',1,1*$1'%$563$&(6).,7&+(163$&(6)&21)(5(1&(63$&(6)3$7,26)3$7,2MYYU\\\HMNJKHTSXYWZHYNTSZX0*&73*>3*ª,7&3).81&3)3*ª8-**934574/*(93&2*8(&1*574/*(934)&9*)7&<3'>)*8.,3':.1)ª 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MYYU\\\HMNJKHTSXYWZHYNTSZX0*&73*>3*ª,7&3).81&3)3*ª8-**934574/*(93&2*8(&1*574/*(934)&9*)7&<3'>)*8.,3':.1)ª ,*3*7&1(4397&(9478127)25&216758&7,217KHVHSODQVDUHWKHSURSHUW\RI&+,()&216758&7,217KH\DUHQRWWREHUHSURGXFHGRUGLVWULEXWLHGLQDQ\PDQQHUZLWKRXWWKHZULWWHQFRQVHQWRI&+,()&216758&7,21&21),'(17,$/ $ (1*/,6+$352-(&76&2776'$/(*5$1',6/$1'1((;7(5,25(/(9$7,216 :(67(/(9$7,21 ($67(/(9$7,21([KLELW)Page 138 of 237 7232))/225 ($9(+(,*+7 (,)6&2/25 ),1,6+7%'522)3$5$3(7+(,*+72) (3'0522):'5$,16 (,)6&2/25 ),1,6+7%' 0$18)6721(:$,16&27#+(,*+72) &$123<(;7(1'(')5203$7,2720$,1(175$1&(:22'7(;785(25:22'*5$,1$/806,',1*#7232)(,)6727232)3$5$3(77232))/225 ($9(+(,*+7 (,)6&2/25 ),1,6+7%'522)3$5$3(7+(,*+72) (3'0522):'5$,163$7,2&29(5,1* &857$,1:$//6<67(0#+(,*+72) 0$18)6721(:$,16&27#+(,*+72) &$123<(;7(1'(')5203$7,2720$,1(175$1&(0$18)6721( 6721(&2/8016$73$7,2:22'7(;785(25:22'*5$,1$/806,',1*#7232)(,)6727232)3$5$3(7MYYU\\\HMNJKHTSXYWZHYNTSZX0*&73*>3*ª,7&3).81&3)3*ª8-**934574/*(93&2*8(&1*574/*(934)&9*)7&<3'>)*8.,3':.1)ª ,*3*7&1(4397&(9478127)25&216758&7,217KHVHSODQVDUHWKHSURSHUW\RI&+,()&216758&7,217KH\DUHQRWWREHUHSURGXFHGRUGLVWULEXWLHGLQDQ\PDQQHUZLWKRXWWKHZULWWHQFRQVHQWRI&+,()&216758&7,21&21),'(17,$/ $ (1*/,6+$352-(&76&2776'$/(*5$1',6/$1'1((;7(5,25(/(9$7,2161R 'HVFULSWLRQ 'DWH 6287+(/(9$7,21 1257+(/(9$7,21([KLELW)Page 139 of 237 MYYU\\\HMNJKHTSXYWZHYNTSZX0*&73*>3*ª,7&3).81&3)3*ª8-**934574/*(93&2*8(&1*574/*(934)&9*)7&<3'>)*8.,3':.1)ª ,*3*7&1(4397&(9478127)25&216758&7,217KHVHSODQVDUHWKHSURSHUW\RI&+,()&216758&7,217KH\DUHQRWWREHUHSURGXFHGRUGLVWULEXWLHGLQDQ\PDQQHUZLWKRXWWKHZULWWHQFRQVHQWRI&+,()&216758&7,21&21),'(17,$/$ (1*/,6+$352-(&76&2776'$/(*5$1',6/$1'1('9,(:'(;7(5,259,(:&YIJCJU'Page 140 of 237 Annual Estimated Assessed Caluation and Real Estate Tax CaptureAssessed value/taxes - base year (actual Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total 0.37732200 1.080000 0.079826 0.076379 0.319454 0.014876 0.090272 0.023440 0.002520 0.009007 0.023420 0.019706 2.116222 1 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 2 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 3 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 4 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 5 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 6 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 7 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 8 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 9 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 10 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 11 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 12 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 13 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 14 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 15 252,362 252,362 952.22 2,725.51 201.45 192.75 806.18 37.54 227.81 59.15 6.36 22.73 59.10 49.73 5,341 Total property taxes - base year 14,283.26 40,882.64 3,021.76 2,891.27 12,092.71 563.12 3,417.18 887.30 95.39 340.95 886.55 745.96 80,108 Assessed value/taxes - base year plus increment (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 Annual Valuation Increase 0.00%1 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 2 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 3 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 4 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 5 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 6 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 7 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 8 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 9 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 10 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 11 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 12 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 13 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 14 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 15 2,222,230 2,222,230 8,384.96 24,000.08 1,773.92 1,697.32 7,099.00 330.58 2,006.05 520.89 56.00 200.16 520.45 437.91 47,027 Total property taxes - base year 125,774.44 360,001.26 26,608.76 25,459.76 106,485.04 4,958.68 30,090.77 7,813.36 840.00 3,002.34 7,806.69 6,568.69 705,410 Assessed value/taxes - increment only (Estimated) Year Assessed Value (Base) Base Value General Fund School #2 General School #2 4th Bond School #2 5th Bond Grand Island City ESU #10 General Cent. Comm College Cent Platte NRD Hall County Ag Society Airport Auth General Airport Auth Bond CRA Total TIF Percent 100% 0.37732200 1.08000000 0.07982600 0.07637900 0.31945400 0.01487600 0.09027200 0.02344000 0.00252000 0.00900700 0.02342000 0.01970600 2.116222 1 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 2 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 3 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 4 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 5 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 6 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 7 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 8 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 9 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 10 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 11 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 12 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 13 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 14 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 15 1,969,868 1,969,868 7,432.75 21,274.57 1,572.47 1,504.57 6,292.82 293.04 1,778.24 461.74 49.64 177.43 461.34 388.18 41,687 Total property taxes - base year 111,491.18 319,118.62 23,587.00 22,568.48 94,392.33 4,395.56 26,673.59 6,926.06 744.61 2,661.39 6,920.15 5,822.73 625,302 Estimated Present Value$371,622Interest Rate 7.50%ǆŚŝďŝƚ&ϮPage 141 of 237 Value Projections1. Steakhouse ConceptOne Story OfficeCompleted BaseBuilding Area (sf): Don't inlcude Patio 7,495 0Building Value/SF: $250Total Building Value: $1,873,750 $0Land Area (sf): 87,120 87,120 Land Value/SF: $4.00 $2.90Total Land Value: $348,480 $252,362Total Value: Notice to Divide Year $2,222,230 $252,362ǆŚŝďŝƚ&ϮPage 142 of 237 Prataria Ventures Prairie Commons Phase 4 CRA Area 17 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 459 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 18th day of Octoberber, 2023 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By___________________________ Chairperson ATTEST: __________________________ Secretary Page 143 of 237 Prataria Ventures Prairie Commons Phase 4 CRA Area 17 COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA RESOLUTION NO. 460 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 17, from Prataria Ventures LLC, (The "Developer") for redevelopment of property including Lot 2 of Prairie Commons 4th Subdivision, Lots 3, 4, and 9 of Prairie Commons 6th Subdivision and Lot 1 Ponderosa Village 2ND 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 17; 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 18th day of October, 2023. COMMUNITY REDEVELOPMENT AUTHORITY OF THE CITY OF GRAND ISLAND, NEBRASKA. By ___________________________ Chairperson ATTEST: ___________________ Secretary Page 144 of 237 Prataria Ventures Prairie Commons Phase 4 CRA Area 17 Exhibit 1 Draft Redevelopment Plan Forwarded to the Planning Commission Page 145 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 9.a. Subject: Facade Grant Application: 1150 S. Locust (Long John Silvers) Staff Contact: Chad Nabity BACKGROUND: This is a request for $100,000 of facade improvement funding for Long John Silvers at 1150 S. Locust Street. This request was submitted for consideration last year and held over until this year. This is an updated request based on current cost estimates. The total project cost is $284,663. The CRA budget as approved included $300,000 for facade grants. RECOMMENDATION: SAMPLE MOTION: ATTACHMENTS: 1. Facade Application Updated May, 2023 2. Long John silvers True North Asset Upgrade Packet 3. Grand Island Long John Silvers estimated cost budget updated May 2023 Page 146 of 237 COMIIUll1Y IEDMI.OPMBff Mn'HORRY Facade Improvement Pr9gram Application Project Redeveloper Information I.Applicant Name: _______________________ _ Address: __________________________ _ Telephone No.: Contact: Email:---------------------------- II.Legal Street Address of Project Site: III.Zoning of Project Site: _____________________ _ IV.Current and Contemplated Use of Project: V.Present Ownership of Project Site: _________________ _ VI.Proposed Project: Describe in detail; attach plans and specifications: Page 147 of 237 Page 148 of 237 Page 149 of 237 True North Asset Upgrade Packet 1150 S Locust St Grand Island, NE Page 150 of 237 True North Program |Why True North? True North is the internal compassguiding you through the successes in life. The new Long John Silver’s reimage highlights the nautical livelihoods of our fisherman throughenvironmentalelements such as wood, stone, and chrome. The modern and yet familiar design didn’t want to distance itself too far from its iconic past. Instead, the design attempts to bridge the various elements into a simplified design that our Silver Liners may value while also taking measurable steps towards attracting new customers. While practices such as offering the most fresh products and maintaining a sustainable andresponsiblebusinessneeds are still relevant and honored today.The LJS asset simply needed to recenter and refocus itself by finding its True North. Today, the True North reimage program provides resources for the network of LJS assets to reconnect and re-build relationships with its community.The True North reimage programgeneratesapathtowardssuccessandanorientpoint as a brand with a single message to our communities abroad. 04 Page 151 of 237 True North |LITE Aggressive exterior with an uplifted interior; Standard image Base Exterior Scope: New sign faces, painted poles and cabinets, retrofitted LED sitesignage (directionals and pylon) New building signs (LJS Monogram and tower raceway signs) and clearance bar for DT New siding (main dining room entry) with repaired/updated T1-11 or approved equivalent (where applicable) New ship’s railing and mechanical fencing Removal of Cupola New interior and exterior paint scheme New window awnings and canopies (front tower and DT) New exterior artwork where needed New Front and DT towers Updated landscaping New DT Menu Board (if applicable) True North | 05*Presented budget range is only an estimate and reflects the impacts deferred maintenance may have on a budget. A franchisee must address all a restaurant’s deferredmaintenancepriortoremodeling,so to minimize the number of closuredays. Remodel costs are reflectiveof aType 7,FOH-typicalLJS restaurantwithDT and noside car addition.Page 152 of 237 True North |Exterior 08 Page 153 of 237 Samples of Existing LJS Asset Conditions Various LJS Asset Prototypes (above) 09 Page 154 of 237 True North LITE Asset 10 Page 155 of 237 True North |Exterior Paint Scheme 4. SW 9178 In the NavySemi-Gloss Roof Trim 3. SW 6509 Georgian Bay SatinTrimbelow bay window,sign cabinet and pylon sign poles 1. Identity Wood/Approved Alternative #1001 (real product will look different from sample image)Around main dining room (only) 5. SW 6682 June DaySemi-Gloss Chair railing 2. SW 6634 Copper HarborSemiGlossBoth sides of dining room doors (do not paint if finished with clear coat 6. SW 7048 Urbane Bronze Semi-GlossGutters, Roof trim, down spouts, hand railing on mechanical fence & lightfixtures 8. SW 7074 SoftwareSemi-Gloss:vestibule,for back door and exterior of freezer Satin for regular exterior wall 10. SW 7006 Extra WhiteSemiGlossWindow trim (and mullions), bay window box, mechanical fencing and roof 7. SW 7072 OnlineSatinExteriorSiding(back of building) 9. SW 6246 North Star Minimum SheenClean/prime accordingly - use roof grade paintRoof Sherwin Williams Account CODES: LJS Franchisees: #AZ46 LJS Corporate: #AV90 For heavy duty areas be sure to properly prep the work areas and utilize this type of paint by Sherwin Willaims:ProBlock (Areas to use:doors,handrails,heavy traffic corners, heavy worn window seals,and other high traffic and touch areas of the restaurant) 11 1.A SW 7039 Virtual TaupeSatinRefresh Only Page 156 of 237 True North |F r ont F acade P-4 P-10 NOTE: Refresh ONLY: use exterior Paint color P-1A in place of Nichiha/approved alternativeSW 7039 Virtual Taupe Satin True North Lite/Complete ONLY get FOH/DT tower. P-3 New LJSartworkNewbulkhead light fixture New awnings(finished in white) P-5 Retrofit existinglight bars. Replace faces with white lenses P-9P-6 P-3 New channelletter signage Newgooseneck light fixture Newgooseneck light fixture P-6 New LJSmonogramsign Newmechanical screen (white ship lap) Newship’s railing; Hand rail is painted with P-6 P-4 P-2 Do not paintdoor if finished with a clear coat aluminum P-10 P-3 Paint bay windowbox with P-10 (includingmullion and sides) Paint Color Legend 3. SW 6509GeorgianBaySatin 2. SW 6634CopperHarborSemi-Gloss 1. Nichiha VintageWood/Approved AlternativeCedar 4. SW 9178In the NavySemi-Gloss 5. SW 6682June DaySemi-Gloss 7. SW 7072OnlineSatin 9. SW 6246North StarRoof 6. SW 7048UrbaneBronzeSemi-Gloss 8. SW 7074SoftwareSemi-Gloss 10. SW 7006ExtraWhiteSemiGloss General exterior building rendering used above. Work with LJS construction manager for application to specific asset. 12 P-1A orNichiha/approved alternative 1.A SW 7039 Virtual TaupeSatinRefresh Only Page 157 of 237 True North |Side F acade P-10P-5P-7 P-10 Paintbay windowbox with P-10 (includingmullion and sides) P-2 Do not paintdoor if finished with a clear coat aluminum New LJSartwork Newbulkhead light fixture P-9 P-5 P-3 P-6Newchannelletter signage Newgooseneck light fixture Newgooseneck lightfixture Newmechanical screen (white ship lap) Newship’s railing;Hand rail is painted with P-6 P-4 P-3 NewCaribbean styleawnings(finished in white) 13 P-1A orNichiha/approved alternativeP-1A orNichiha/approved alternative Paint Color Legend 3. SW 6509GeorgianBaySatin 2. SW 6634CopperHarborSemi-Gloss 1. Nichiha VintageWood/Approved AlternativeCedar 4. SW 9178In the NavySemi-Gloss 5. SW 6682June DaySemi-Gloss 7. SW 7072OnlineSatin 9. SW 6246North StarRoof 6. SW 7048UrbaneBronzeSemi-Gloss 8. SW 7074SoftwareSemi-Gloss 10. SW 7006ExtraWhiteSemiGloss 1.A SW 7039 Virtual TaupeSatinRefresh Only General exterior building rendering used above. Work with LJS construction manager for application to specific asset. Page 158 of 237 True North |Drive-Thru Facade P-7 P-8 P-8 P-8 P-5P-3P-10 P-6 New LJSartworkNewLJSartwork NewLJS stencilwith P-10 (semi-gloss) Newbulkhead light fixture P-3 P-4 P-4 P-3NewLJSmonogram signage Newgooseneck light fixture Newmechanical screen (white ship lap) Newship’s railing;Hand rail is painted with P-6 New awnings(finished in white) Repeat LJSroofstripe on back roof,too 14 P-1A orNichiha/approved alternative Paint Color Legend 3. SW 6509GeorgianBaySatin 2. SW 6634CopperHarborSemi-Gloss 1. Nichiha VintageWood/Approved AlternativeCedar 4. SW 9178In the NavySemi-Gloss 5. SW 6682June DaySemi-Gloss 7. SW 7072OnlineSatin 9. SW 6246North StarRoof 6. SW 7048UrbaneBronzeSemi-Gloss 8. SW 7074SoftwareSemi-Gloss 10. SW 7006ExtraWhiteSemiGloss 1.A SW 7039 Virtual TaupeSatinRefresh Only General exterior building rendering used above. Work with LJS construction manager for application to specific asset. Page 159 of 237 True North |Side Facade P-8 P-8 P-8 P-5 P-10 P-10 P-5P-5 New LJSartwork NewLJS stencilwith P-10 (semi-gloss) P-4 P-5 Newgooseneck light fixture New goosenecklightfixture Newmechanical screen(white ship lap) Newship’s railing; Hand rail is painted with P-6 New awnings (finished in white) P-9 15 P-1A orNichiha/approvedalternative Paint Color Legend 3. SW 6509GeorgianBaySatin 2. SW 6634CopperHarborSemi-Gloss 1. Nichiha VintageWood/Approved AlternativeCedar 4. SW 9178In the NavySemi-Gloss 5. SW 6682June DaySemi-Gloss 7. SW 7072OnlineSatin 9. SW 6246North StarRoof 6. SW 7048Urbane BronzeSemi-Gloss 8. SW 7074SoftwareSemi-Gloss 10. SW 7006Extra WhiteSemiGloss 1.A SW 7039 Virtual TaupeSatinRefresh Only General exterior building rendering used above. Work with LJS construction manager for application to specific asset. Page 160 of 237 Grand Island remodel estimate 1-May-23 For refrence by Deejays Franchisee Group only. Scope: build to spec (not limited to this list): LJS front tower, ship's railing, new mechanical fencing Replace , repair (like new) exterior siding, exterior lighting, new exterior artwork, new awnings , Replace Signage Complete new paint scheme and new sign faces. Exterior Scope SCOPE OF WORK: FURNISH LABOR, MATERIAL & EQUIPMENT TO: 1. REMOVE ALL EXISTING SIDING AND TRIM AND DISPOSE OF IN PROPER MANNER 2. REMOVE ROTTED WALL SHEATHING AND DAMAGED INSULATION AS NEEDED. (APPROX 1500SF) DISPOSE OF IN PROPER MANNER. (ANY ADDITIONAL CHARGED EXTRA AS AGREED ON A CHANGE ORDER) 3. INSTALL NEW BATT INSULATION IN PLACE OF INSULATION THAT WAS REMOVED. (APPROX 1500 SF) (ANY ADDITIONAL CHARGED EXTRA AS AGREEN ON A CHANGE ORDER) 4. INSTALL NEW 1/2" EXTERIOR SHEATHING IN PLACE OF ROTTED SHEATHING THAT WAS REMOVED. (APPROX 1500 SF) (ANY ADDITIONAL CHARGED EXTRA AS AGREED ON A CHANGE ORDER) 5. INSTALL WATER SHIELD FLASHING AND BUILDING WRAP ON ALL EXTERIOR WALL SURFACES RECEIVING NEW BOARD AND BATTON SIDING 6. INSTALL NEW ENGINEERED WOOD BOARD AND BATTON SIDING AS SHOWN ON NEW CONCEPT DRAWING INCLUDING ALL DOOR & WINDOW TRIM. 7. CONSTRUCT NEW FRONT TOWER INCLUDING FRAMING SHEATHING, BUILDING WRAP, ROOF CRICKET, NICHIHA ILLUMINATION PANEL SIDING, ELECTRICAL ROUGH FOR CONTRACTOR FURNISHED GOOSE NECK FIXTURES & BACKING FOR NEW CUSTOMER FURNISHED AWNING. 8. PAINT EXTERIOR OF BUILDING INCLUDING EXISTING METAL ROOF TWO COATS AS SHOWN ON CONCEPT DRAWINGS AND THE NEW MECHANICAL FENCE ALONG WITH LJS LOGO STENCIL ON Page 161 of 237 BACK OF BUILDING (BUILDING WALL: SW-SUPER PAINT SATIN. ROOF SW BOND-PLEX WB) 9. REPAIR EXISTING WINDOW FRAMES WHERE DRY ROT HAS OCCURRED AS NEEDED. 10. INSTALL NEW TREATED WOOD MECHANICAL ROOF FENCE ON SOUTH, EAST, WEST, AND 14LF OF NORTH ELEVATIONS 11. REMOVE EXISTING CUPOLA AND PATCH 12. INSTALL APPROX 20 LF OF GALVANIZED SHIP RAIL ON FRONT OF BUILDING. 13. INSTALL CUSTOMER FURNISHED ARTWORK 14. PRESSURE WASH FRONT SIDEWALKS 15. INSTALL NEW IDENTY WOOD PLANK SIDING ON DRIVE THRU FRONT 16. INSTALL NEW SCONCE LIGHT FIXTURES ON FRONT OF BUILDING MATERIAL: 4'X8'X1/2" OSB RING SHANK GLAVANIZED (FRAMING) WATER SHIELD (GRACE) SIDING BUILDING WRAP (GRACE VYCORUS) TRANS GROBE LANTERN WALL SCONCE R13 BATT INSULATION FRAMING FOR TOWER & TOWER CRICKET FRAMING NAILS WATER SHIELD (GRACE) ROOF PPO MEMBRANE ROOF MATERIAL METAL CAP @ TOWER NICHIHA SIDING INCLUDING FRT EXTERIOR PAINT MISC PAINT SUPPLIES ACRYLIC SIDING CAULK SIDING PANELS (3/8"X16"X16') PRIMED # 40503 SIDING BATTONS (19/32" X 3" X 16') PRIMED #28448 5/4"X6" TRIM BOARDS SIDING NAILS METAL ROOF PAINT PATCH MATERIAL FOR CUPOLA SHIP RAILING MATERIAL PACKAGE MECHANICAL FENCE MATERIAL DRIVE THRU IDENTITY WOOD PLANK SIDING INCLUDING FRT EQUIPMENT 60' BOOM LIFT 30 YD DUMPSTER LABOR DEMO Page 162 of 237 NEW SHEATHING & INSULATION CONSTRUCT TOWER INSTALL WATER SHIELD/WRAP NICHIHA SIDING BUILDING TRIM/FLASH INSTALL B & B & IDENTITY WOOD PLANK CAULKING ROOFING PAINTING CUPOLA REMOVAL & PATCH MECHANICAL ROOF FENCE PRESSURE WASH SIDEWALKS AT FRONT OF BUILDING SHIP RAIL CLEANUP PER DIEM ALLOWANCE - ELECTRICAL CONTRACTOR SUPERVISION TOTAL *** Scope of work is based on replacing existing siding on a Cement Masonry Unit building and installing new Board & Batten siding and installing new siding along the front cabin of the building Price does not include install of signage or any maintenance work Page 163 of 237 Estimated Exterior total: $284,663.17 ** reflects all totals listed below ** not all costs are associated in this total (such as installation, freight, maintenance or any unknowns) Scope: build to spec (not limited to this list): LJS front tower, ship's railing, new mechanical fencing Replace , repair (like new) exterior siding, exterior lighting, new exterior artwork, new awnings , Replace Signage 3. INSTALL NEW BATT INSULATION IN PLACE OF INSULATION THAT WAS REMOVED. (APPROX 1500 SF) 5. INSTALL WATER SHIELD FLASHING AND BUILDING WRAP ON ALL EXTERIOR WALL SURFACES RECEIVING 7. CONSTRUCT NEW FRONT TOWER INCLUDING FRAMING SHEATHING, BUILDING WRAP, ROOF CRICKET, NICHIHA ILLUMINATION PANEL SIDING, ELECTRICAL ROUGH FOR CONTRACTOR FURNISHED GOOSE NECK Page 164 of 237 47 @ 2 @ 6 @ 6 @ 3 @ 6 @ 39 @ 1 @ 1 @ 3 @ 1 @ 1 @ 1 @ 26 @ 1 @ 36 @ 170 @ 176 @ 954 @ 2 @ 10 @ 1 @ 1 @ 1 @ 1 @ 1 @ 1 @ 52 MNHRS Page 165 of 237 64 MNHRS 54 MNHRS 45 MNHRS 108 MNHRS 54 MNHRS 88 MNHRS 18 MNHRS 18 MNHRS 108 MNHRS 20 MNHRS 68 MNHRS 4 MNHRS 18 MNHRS 24 MNHRS *** Scope of work is based on replacing existing siding on a Cement Masonry Unit building and installing new Board & Batten siding and installing new siding along the front cabin of the building Page 166 of 237 ** not all costs are associated in this total (such as installation, freight, maintenance or any unknowns) Page 167 of 237 Page 168 of 237 $182,370.10 *** Scope of work is based on replacing existing siding on a Cement Masonry Unit building and installing new Board & Batten siding and installing new siding along the front cabin of the building Page 169 of 237 Exterior Artwork Costs 0 Art Type Qty 1.00 Restaurant Hours Decal 2 1.01 Exit Only Decal 1 1.02 Decal for Long John Silver's Cooler Decal (on corrugated metal)1 2.00 Exterior Porthole Artwork 4 3.00 GPS Panel 1 Page 170 of 237 Page 171 of 237 Page 172 of 237 Location(s) Each Price Front Door; verify restauant hours $44.00 Fire Exit door in Dining Room Addition; Use Old Standard Font - 6" font in white $38.50 Refer to elevation drawings; verify dimensions.$302.50 Refer to Elevation Drawings $605.00 Refer to Elevation Drawings xx°xx'xx"N xxx°xx'xx"W $522.50 Total: ** value does not include shipping and/or taxes Producted is provided by AdColor (based in Lexington, KY) Prices quoted for used in March 2020 Page 173 of 237 Page 174 of 237 Page 175 of 237 Signage Quote Product Total Signage Type $88.00 Illuminated channel letter set 34 1/8" x 16'6" $38.50 Open Canopy - finished in bronze $302.50 Pylon Face Replacement $2,420.00 Pylon LED Upgrade $522.50 Reader Board Face Replacement Retrofit Reader Board Ship's Railing $3,371.50 Directional Face Replacement Retrofit Directional Sign Permit Engineering Service Fees Site Survey Drive thru signage and signage Install Signage Page 176 of 237 Page 177 of 237 Page 178 of 237 Qty Location Each Price Product Total 1 Front tower $16,500.00 $16,500.00 1 Front tower $2,187.90 $2,187.90 2 Streetside $1,179.20 $2,358.40 1 Streeside $2,300.74 $2,530.82 2 Streetside $575.50 $1,551.00 1 Streetside $799.18 $799.18 2 Roof $2,310.00 $4,620.00 6 Site $121.00 $726.00 6 Site $246.40 $1,478.40 $550.00 $1,006.50 $522.50 $11,275.00 Total $29,605.70 ** Total does not include installation or freight $11,000.00 Page 179 of 237 Total and Install $40,605.70 Page 180 of 237 Page 181 of 237 Awning Quote Awning Type Qty Caribbean Shutters (4' x 3'-6" drop with 1'-" projection (finished in white)3 Crate for shutters only Page 182 of 237 Page 183 of 237 Page 184 of 237 Location Each Price Product Total Around building $408.26 $1,224.77 $650.00 $715.00 Total $1,939.77 ** Total does not include installation or freight Page 185 of 237 Page 186 of 237 Page 187 of 237 TOWER QUOTE Qty Location 2 Around building Page 188 of 237 Page 189 of 237 Page 190 of 237 Concrete quote Each Price Product Total Total $27,500.00 ** Total does not include installation or freight Page 191 of 237 Page 192 of 237 Page 193 of 237 Qty Location Each Price Product Total 1 front , side and ramp Total $28,876.10 Page 194 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 9.b. Subject: Facade Grant Application: 115 E South Front (Prairie Pride Brewery) Staff Contact: Chad Nabity BACKGROUND: This is a request for $96,370 of facade improvement funding for Prairie Pride Brewery at 115 E. South Front Street. This request was submitted on April 12th of this year. The total project cost is $216,370. The building was purchased for $550,000 and is part of the required match. The CRA budget as approved included $300,000 for facade grants. RECOMMENDATION: SAMPLE MOTION: ATTACHMENTS: 1. Facade app Shearer-combined Page 195 of 237 Façade Improvement Program Application Project Redeveloper Information I. Applicant Name: Shearer Rentals LLC Address: Shearer Rentals LLC, 3111 Bass Rd, Grand Island NE 68801 Telephone No.: (308) 379-6099 Contact: Brad Shearer II. Legal Street Address of Project Site: 115 E South Front St. III. Zoning of Project Site: Commercial IV. Current and Contemplated Use Of Project: Brewery/Office Space V. Present Ownership of Project Site: Shearer Rentals LLC VI. Proposed Project: Describe in detail; attach plans and specifications: Only East and West side. Cut in, re-structure & install 15 new windows. Siding on lower East side, install decorative patio door on East- See Attached ______ ______ __________________________________________________________________ __________________________________________________________________ Page 196 of 237 VI. Estimated Project Costs: Acquisition Costs: A. Land $ 0 B. Building $ 550,000 Construction Costs: A. Renovation or Building Costs Attributable to Façade Improvements (attach detail): $96,370 B. Other Construction Costs: $120,000 VIII. Source of Financing: A. Developer Equity: $100,000 B. Commercial Bank Loan: $450,000 C. Historic Tax Credits $ - D. Interior build out Loan: $ 120,000 E. Other (Describe: Façade Grant) $96,370 IX. Name, Address of Architect, Engineer and General Contractor: General Contractor: Brad Shearer, 3111 Bass Rd, Grand Island NE 68801 (308) 379-6099 Architect: Stacy J Spotanski/ Toby Gay, Gay & Associates, 1470 31st Ave, Columbus, NE (308) 850-8186 X. Project Construction Schedule: A. Construction Start Date: Upon CRA Approval B. Construction Completion Date: 2024________________________________ Page 197 of 237 FINANCING REQUEST INFORMATION I. Describe Amount and Purpose for Which Façade Improvement Program funds is Requested: The amount of Façade dollars being asked for is $96,370. These funds will be used to renovate the East and West of the building. II. Statement Identifying Financial Gap and Necessity for use of Façade Improvement Program Funds for Proposed Project: Due to the nature of construction and financing of downtown real-estate, a façade grant is necessary to bring the building closer to its fullest potential. III. Application of Grant Funds: ______________X__________________Grant to Redeveloper; or ________________________________Interest Rate Buy-Down Post Office Box 1968 Grand Island, Nebraska 68802-1968 Phone: 308 385-5240 Fax: 308 385-5423 Email: cnabity@grand-island.com Page 198 of 237 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: SHEARER RENTAL'S LLC2111 BASS RD.GRAND ISLAND, NE. 68801PLOT DATE:PROJECT DESCRIPTION: ROOFTOPRENOVATIONS115 E. SOUTH FRONT ST.GRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 02-27-2023 02-27-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE GENERAL NOTES EXTERIOR ELEVATIONSA2.02 SOUTH EXERIOR ELEVATION EAST EXTERIOR ELEVATION Page 199 of 237 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: SHEARER RENTAL'S LLC2111 BASS RD.GRAND ISLAND, NE. 68801PLOT DATE:PROJECT DESCRIPTION: ROOFTOPRENOVATIONS115 E. SOUTH FRONT ST.GRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 02-27-2023 02-27-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE GENERAL NOTES NORTH EXERIOR ELEVATION EXTERIOR ELEVATIONSA2.01 WEST EXTERIOR ELEVATION Page 200 of 237 East & West Elevation Façade Budget Soft Costs $1,800 Carpentry $26,000 Demo $10,000 Materials $44,500 Architect $1,500 Signs $0 O&P $12,570 Total $96,370 Page 201 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 9.c. Subject: Facade Grant Application: 305 W 1st Street (Elks Building) Staff Contact: Chad Nabity BACKGROUND: This is a request for $400,000 ($100,000 per year for four years) of facade improvement funding for the Elks Building at 305 W. 1st Street. This request was submitted on July 28th of this year. The total project cost is $2,100,000. The building was purchased for $365,000 and this is not being counted as part of the required match. The CRA budget as approved included $300,000 for facade grants. RECOMMENDATION: SAMPLE MOTION: ATTACHMENTS: 1. 205 W 1st.CRA Facade Improvement Application.7.28.23 Page 202 of 237 SNH Holdings, LLC, by and through Nathan and Stephanie Husak 5806 KAve., Kearney, NE 68847 319-538-4811 Nathan Husak, Owner 205 W 1st Street, Grand Island, NE B3 Heavy Business Zone Use will be event space known as The Venue at Railside SNH Holdings, LLC We will provide improvements to the exterior by removing deteriorating masonry, windows, and piping/conduits. We will also remove old stairs, HVAC, and doors. Lastly, we will remove brick filling in old windows, thereby opening those back up. The proposed facades will feature not only a revitalization of the current brick and stone to keep some of its historic idendity, but new window penetrations will also be created where they used to be to bring back that beautiful exterior. The entrance will be considerably moderized with new facade and signage. Ramps will be added on east and west sides to help with accesibility. We will also consider a modern canopy in the front. Additional necessary and substanial construction to improve the building are required to make it a functional property in downtown Grand Island. See Attachments. N/A $365,000.00 Page 203 of 237 $400,000.00 $1,700,000.00 $75,000.00 TBD TBD TBD $400,000.00 Stacey Spotanski, Spotanski Creative Building Design & Drafting, 1811 W 2nd St., Suite 285, Grand Island, NE Toby Gay, Gay and Associates, 1470 31st Ave., Columbus, NE 68601 Noah Sorensen, Sorensen Construction, 2500 W 24th St, Kearney, NE 68845 August 15, 2023 July 1, 2024 We are requesting $400,000.00 over the next 3 to 4 years. Approximately $35,000.00 includes exterior design fees and $385,000.00 includes the construction fees for the exterior improvements to remove detiorating facade and add new stone, brick, windows, and more. The proposed facade helps to restore the historic features that once made this building beautiful. It will also moderize its appearance and the exteriors infrastructure to be consistent with Facade Grant Page 204 of 237 downtown Grand Island, while still honoring the historic look. Window replacement and installation will also be needed for an intelligent and practical way to introduce natural light and modernize the street view. This work will be in conjuction with substantial interior renovations, of which are needed to make this building capable of providing any value to downtown Grand Island. We want to make improvements that have not been completed or done in decades. Regular maintenance has also not been done on the exterior masonry, windows, and general facade as it has sat empty for the better part of at least 15-20 years. The interior is gutted and contains zero infrastructure, and the financial requirement to make this building practical and operational in any form will cost at least 2 million dollars. Funds from the CRA to address the facade provides us an opportunatiy to focus our personal funds on the interior of the building in order to provide infrastructure, modernize it and make it a contributing member to downtown Grand Island and the Railside Business Improvement District. N/A Asking for $400,000.00 Page 205 of 237 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 205 W. 1ST STREET I.T. GRAND ISLAND, NE. 68801 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION:DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL TITLE SHEETMATERIAL INDICATIONS RENOVATIONS TO T0.01 Page 206 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL NORTH EXTERIOR ELEVATION DEMOLITION NORTH EXTERIOR ELEVATIONDEMOLITIOND1.04 Page 207 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL WEST EXTERIOR ELEVATIONDEMOLITIOND1.05 WEST EXTERIOR ELEVATION DEMOLITION Page 208 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL SOUTH EXTERIOR ELEVATION DEMOLITION SOUTH EXTERIOR ELEVATIONDEMOLITIOND1.06 Page 209 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL EAST EXTERIOR ELEVATION DEMOLITION EAST EXTERIOR ELEVATIONDEMOLITIOND1.07 Page 210 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL NORTH EXTERIOR ELEVATION NORTH EXTERIOR ELEVATIONA2.01 Page 211 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL WEST EXTERIOR ELEVATIONA2.02 WEST EXTERIOR ELEVATION Page 212 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL SOUTH EXTERIOR ELEVATION SOUTH EXTERIOR ELEVATIONA2.03 Page 213 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL EAST EXTERIOR ELEVATION EAST EXTERIOR ELEVATIONA2.04 Page 214 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL BASEMENT FLOOR PLANA1.01 BASEMENT FLOOR PLAN KEYNOTES MATERIAL KEYING LEGEND ENTRY CORRIDOR LOBBY ELEVATOR ELEVATOR EQUIPMENT ROOM HALL FIRE SPRINKLER RISER MEN'SWOMEN'S CONFERENCE ELECTRICAL MEN'S DRESSING ROOM RAMP MECH. EXTERIOR STAIRS OFFICE HALL OFFICESTORAGEKITCHEN WOMEN'S DRESSING ROOM HALL Page 215 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL FIRST FLOOR PLANA1.02 FIRST FLOOR PLAN EXTERIOR STAIRS HALL STAIRS PRIVATE EVENT ROOM CEREMONY ROOM CORRIDOR MEN'S WOMEN'S ENTRY ELEVATOR ELEVATOR LOBBY COCKTAIL COCKTAIL SPACE STORAGE STAIRS Page 216 of 237 PLAN DATE: 06-26-2023©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: SPOTANSKIOWNER: SNH HOLDINGS, LLC PLOT DATE: 06-26-2023PROJECT DESCRIPTION: RENOVATIONS TO205 W. 1ST STREETGRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIGENERAL NOTES PRELIMINARY DRAWINGS NOT FOR CONSTRUCTION 06-26-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE PROFESSIONAL SEAL SECOND FLOOR PLANA1.03 SECOND FLOOR PLAN KEYNOTES MATERIAL KEYING LEGEND MEN'SWOMEN'S EXTERIOR COURTYARDLOBBY ELEVATOR STORAGE STORAGE LOBBY VEST. STOR. STAGE BALLROOM AUDIO AUDIO STAIRS EXTERIOR STAIRS Page 217 of 237 PBY:MS ♦working* Job Items Tkoff Info.Qty.Final Total Project Management wk sorcon 3 $12,656.25 Equipment Rental BDGT sorcon 1 $15,000.00 Portable Restroom BDGT comfy 4 $475.00 Security Fence If sorcon 500 $6,250.00 Landfill/Dumpster trip Full Circle 5 $4,062.50 Demolition Imp rwsc 1 $6,250.00 Tuckpointing BRICK Imp micheal 1 $60,000.00 Stone Repair If micheal 1 $3,125.00 Entry way Columns/SOFFIT bdgt sorcon 1 $11,875.00 Windows/Aluminum Doors bid cityglass 1 $182,917.50 HMF/HMD Imp CDF $6,750.00 Steel Escape Stairs LF Ledermans 1 $35,000.00 Concrete for Delivery bdgt RWSC 1 $8,125.00 Trash Enclosure Imp sorcon 1 $12,500.00 $364,986.25 EMAIL n.soren$en@rwsoretisenconst.com WEBSITE rwsorensenconst.com NOAH SORENSEN Cell 308.440.7797 2500 W.24th Street Kearney,NE 68845 308.237.3686 7717 *Non Stamped Plans *No City Review Estimated Exterior Design Fees, (including current preliminary drawings attached) $40,000.00 TOTAL $404,986.25 Page 218 of 237 Estimated Exterior Design Fees, (including current preliminary drawings attached) $80,000.00 TOTAL $1,701,833.50 Page 219 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 9.d. Subject: Facade Grant Application: 705 W. 3rd Street (Babcock Real Estate) Staff Contact: Chad Nabity BACKGROUND: This is a request for $100,00 of facade improvement funding for Babcock Real Estate at Prairie Pride Brewery at 703 W. 3rd Street. This request was submitted on July 31st of this year. The total project cost is $133,028. The building was purchased for $291,800 and is part of the required match. This was the last application received this year and $300,000 is available for facade grants. RECOMMENDATION: SAMPLE MOTION: ATTACHMENTS: 1. Babcock Real Estate_20230731_104836 Page 220 of 237 Page 221 of 237 Page 222 of 237 Page 223 of 237 Page 224 of 237 Page 225 of 237 Page 226 of 237 Page 227 of 237 Page 228 of 237 Page 229 of 237 Page 230 of 237 AGENDA MEMO To: Hall County Regional Planning Commission Agenda: Community Redevelopment Authority October 18, 2023 Date: October 18, 2023 Item #: 9.e. Subject: Fire Life Safety Grant: 315 N. Locust Staff Contact: Chad Nabity BACKGROUND: This application was considered in June and pushed back until we knew if Council would approve an extended life lafety program. This will create 5 new 3 bedroom units in Railside and is eligible for up to $100,000. RECOMMENDATION: Move to approve as recommended. SAMPLE MOTION: Move to approve as recommended. ATTACHMENTS: 1. 01 EBMT Properties FLS Grant Application 2. 03 A1.03 Second Floor Plan (1) 3. 04Front of Officenet facade drawing 4. 06 GIE-copier@giexpress.com_20230505_090701 Page 231 of 237 Fire and Life Safety Grant Program Application Project Redeveloper Information I.Applicant Name: EBMT Properties LLC____________________________ II.Address: 4139 Sandalwood Drive, Grand Island, NE 68803___________ III.Telephone No.: 308-379-3609______________________________________ IV.Contact: Jim Pirnie_______________________________________________ V.Legal Street Address of Project Site: 313-315 N Locust Street, Grand Island, NE 68801_______________________ VI.Present Ownership of Project Site: EBMT Properties LLC____________ VII.Proposed Project: Describe in detail; attach plans and specifications: Proposed Number of Upper Story 1 Bedroom Units ___0___ Proposed Number of Upper Story 2+ Bedroom Units ___5__ Other Info: 5 – 3 bedroom 2 bath upper story apartments and 1 – one bedroom ADA apartment on main floor_____________________________________________________ See attached drawings_______________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ _______________________________________________________________ Page 232 of 237 V.Building Details A. Actual Purchase Price $ 250,000_______ B. Assessed Value of Property $ 2,300,000_____ C. When Acquired ___4/25/22____ D. Number of Floors ______2_______ E. Square Footage of Building ____6325_____ F. Current Use of Building Vacant – under construction.__Previous OfficeNet._______________________ ______________________________________________________________________ ______________________________________________________________________ VI.Construction Costs A. Total Estimated Renovation or Building Costs $ ____2,217,952 B. Estimated Cost of Life Safety Improvements: Fire Sprinklers $ ____132,000__ Exiting $ ______________ Electric Upgrades $ ___180,000____ Water Upgrades for Sprinklers $ ____18,000____ C. Other Construction Costs: First Floor Renovation $ ___1,067,952__ Second Floor Renovation $ ___1,000,000__ Third Floor Renovation $ ______________ Fourth Floor Renovation $ ______________ Basement Renovation $ ______________ Roof $ ______________ Heating and AC $ ___25,000_____ Façade Improvements/Maintenance $ ___150,000____ Other Construction Costs ______________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ Page 233 of 237 VII.Source of Financing: Developer Equity: $ ___750,000____ Commercial Bank Loan: $ _1,500,000____ Historic Tax Credits: $ ______________ Tax Increment Financing: $ applying soon upstairs apartments Low Income Tax Credits $ ______________ Other (Describe________________________________) $ ______________ VIII.Name & Address of Architect, Engineer and General Contractor: Façade/Whitebox/Fire Sprinkler – Fox Construction, 80 Ponderosa Drive, Grand Island NE, 68803____________________________________________________________ ____________________________________________________________________________ Façade Architect - CMBA Architects, 208 N Pine Street, Grand Island, NE 68801 ____________________________________________________________________________ 1st/2nd Floor Architect – Spotanski Creative Building Design and Drafting, 1811 W 2nd Street Suite #296, Grand Island, NE 68803_________________________________ IX.Project Construction Schedule: A. Construction Start Date: Façade has started, Sprinklers dependent on Grant, 1st floor remodel in progress, 2nd floor 2024 _________________________________ B. Construction Completion Date: _Building completed by Fall of 2025 _________ Grant Notes: The CRA may grant up to $20,000 per new upper story 2+bedroom unit and $15,000 per new upper story 1 bedroom unit. The final amount will be determined upon approval of the grant and is at the discretion of the CRA. Applications for this program may be submitted up to for the next fiscal year (Beginning October 1) on or after July 1. Applications will be considered in the order received. Only complete applications will be considered for approval. Applications must be submitted at least 30 days prior to the meeting during which they will be considered for approval. Post Office Box 1968 Grand Island, Nebraska 68802-1968 Phone: 308 385-5240 Fax: 308 385-5423 Email: cnabity@grand-island.com Page 234 of 237 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:EBMT PROPERIES, LLC4139 SANDALWOOD DR.GRAND ISLAND, NE. 68801PLOT DATE:PROJECT DESCRIPTION: RENOVATIONS FOR315 N. LOCUST ST.GRAND ISLAND, NE. 68801SHEET TITLE:SHEET:REVISION: DATE:SpotanskiCreative Building Design& Drafting, LLCSTACY J. SPOTANSKIS. SPOTANSKI 03-21-2023 03-21-2023 IF THIS DRAWING IS NOT 24" X 36", THEN IT IS NOT TO SCALE GENERAL NOTES SECOND FLOOR PLANA1.03 SECOND FLOOR PLAN Page 235 of 237 Page 236 of 237 Page 237 of 237