03/24/2026 Resolutions 2026-65 RESOLUTION #2026-65
RESOLUTION REGARDING APPROVAL OF AN EXPEDITED REVIEW OF A
REDEVELOPMENT PLAN IN CRA AREA 30 LOCATED AT 420 RUBY AVE.
WHEREAS, the City of Grand Island, Nebraska, (the "City") created the Community
Redevelopment Authority of the city of Grand Island,Nebraska, (the "Authority")pursuant to the
Act with powers to implement redevelopment plans approved by the Grand Island City Council;
and
WHEREAS, the City has designated portions of the City as substandard and blighted
pursuant to the Nebraska Community Development Law,NEB. REV. STAT. §§ 18-2101 through
18-2157 (the "Act"); and
WHEREAS, the Act, in NEB. REV. STAT. §§ 18-2155, allows cities in counties with
populations less than 100,000 to expedite reviews of certain redevelopment plans. The City is
located in Hall County,Nebraska, which has a population of 62,895 according to the 2020 Census
Data; and
WHEREAS, the City Council approved resolution, 2023-308 on November 21, 2023
allowing the use of expedited reviews of redevelopment plans pursuant to the NEB. REV. STAT.
§§ 18-2155 of the Act, guaranteeing expedited approval of applications which met the criteria set
forth in the Act. Specifically:
• The redevelopment plan is limited to one project;
• The redevelopment project is located within a substandard and blighted area;
• The redevelopment project involves a vacant platted lot that has been within the
corporate limits of the city for at least sixty years;
• The assessed value of the property within the redevelopment project area when the
project is complete is estimated to be no more than: Three Hundred and Fifty thousand
dollars for a redevelopment project involving a single family residence.
WHEREAS, the City Council approved an annual limit of twenty (20) expedited reviews
of redevelopment plans pursuant to the NEB. REV. STAT. §§ 18-2155 of the Act; and
WHEREAS, Council resolution 2023-308 granted the City Administrator the authority to
delegate the review of expedited redevelopment plans and the City Administrator subsequently
designated Chad Nabity and Rashad Moxey from the Community Development Department as
such reviewer; and
WHEREAS, Chad Nabity reviewed the application and approved it on March 16, 2026,
and
WHEREAS, Horizon Builders submitted an application for property located at 420 Ruby
Ave.(Parcel # 400016490-Lot 16 of Belmont Addition), Grand Island, NE on the state approved
form from the Nebraska Department of Economic Development through the City's online
111 application system pursuant to the NEB. REV. STAT. §§ 18-2155 of the Act; and
WHEREAS, the application submitted by Horizon Builders serves as the first of twenty
(Annual limit) expedited reviews of redevelopment plans set forth by the City Council pursuant to
the NEB. REV. STAT. §§ 18-2155 of the Act; and
WHEREAS, the redevelopment plan is for one project located at 420 Ruby Ave in CRA
Area #30, records indicate that the property was subdivided in 1912 as an addition to the City of
Grand Island; and
WHEREAS, based on the Assessor's information the estimated value of the vacant
property is $24,138 and an estimated value after completion of$226,638; and
WHEREAS, the applicant requested $53,697.02 in Tax Increment Financing for the
proposed project located at 420 Ruby Ave in CRA Area#30; and
WHEREAS, staff have reviewed the application and recommends the approval of
$53,697.02 in Tax Increment Financing for the proposed project located at 420 Ruby Ave in CRA
Area#30 based on the 2025 tax levy as presented on the Treasurers website.
NOW THEREFORE, BE IT RESOLVED, that the City Council confirms the applicant
qualifies for expedited review and approval of their redevelopment plan, accepts, and approves
their application as submitted for CRA Area 30 located at 420 Ruby Ave authorizing $53,697.02
in Tax Increment Financing.
Adopted by the City Council of the City of Grand Island,Nebraska, March 24, 2026.
CITY OF GRAND ISLAND
Rogeeele, Mayor
Attest:
L� L�L Gr4n-t-ram
Jill Granere, City Clerk