05/25/2010 Resolutions 2010-132RESOLUTION 2010-132
WHEREAS, the City of Grand Island, Nebraska, a municipal corporation and city of the first
class, has determined it be desirable to undertake and carry out urban redevelopment projects in areas
of the City which are determined to be substandard and blighted and in need of redevelopment; and
WHEREAS, the Nebraska Community Development Law, Chapter 18, Article 21, Nebraska
Reissue Revised Statutes of 1997, as amended (the "Act"), prescribes the requirements and
procedures for the planning and implementation of redevelopment projects; and
WHEREAS, the City has previously declared Redevelopment Area No. 2 of the City to be
substandard and blighted and in need of redevelopment pursuant to the Act; and
WHEREAS, the Community Redevelopment Authority ofthe City of Grand Island, Nebraska
(the "Authority"), has prepared a Redevelopment Plan pursuant to Section 18-2111 of the Act, and
recommended the Redevelopment Plan to the Planning Commission of the City; and
WHEREAS, the Planning Commission o f the City reviewed the Redevelopment Plan pursuant
to the Act and submitted its recommendations, to the City, pursuant to Section 18-2114 ofthe Act;
and
WHEREAS, following consideration ofthe recommendations ofthe Authorityto the Planning
Commission, the recommendations ofthe Planning Commission to the City, and following the public
hearing with respect to the Redevelopment Plan, the City approved the Plan; and
WHEREAS, there has been presented to the City by the Authority for approval a specific
Redevelopment Project within the Redevelopment Plan and as authorized in the Redevelopment Plan,
such project to be as follows: Acquire real estate at 107 and 203 E. Stolley Park Road and
construct a new 17, 500 square foot commercial retail/office building (with a possible 12,500
square foot of additional space in the future) along with related utility and site improvements on
Lots 2 and 3 of Equestrian Meadows Subdivision in the City of Grand Island. All redevelopment
activities will occur in Grand Island, Hall County, Nebraska; and
WHEREAS, the City published notices of a public hearing and mailed notices as required
pursuant to Section 18-2115 of the Act and has, on the date of the Resolution held a public hearing
on the proposal to amend the Redevelopment Plan to include the Redevelopment Project described
above.
NOW, THEREFORE, be it resolved by the City Council of the City of Grand Island,
Nebraska:
Approved as to Form a
May 24, 2010 n City Attorney
1. The Redevelopment Plan of the City approved for Redevelopment Area No. 2 in the city of
Grand Island, Hall County, Nebraska, including the Redevelopment Project described above,
is hereby determined to be feasible and in conformity with the general plan for the
development of the City of Grand Island as a whole and the Redevelopment Plan, including
the Redevelopment Project identified above, is in conformity with the legislative declarations
and determinations set forth in the Act; and it is hereby found and determined, based on the
analysis conducted by the Authority, that (a) the redevelopment project in the plan would not
be economically feasible without the use oftax-increment financing, (b) the redevelopment
project would not occur in the community redevelopment area without the use of tax-
increment financing, and (c) the costs and benefits of the redevelopment project, including
costs and benefits to other affected political subdivisions, the economy ofthe community, and
the demand for public and private services have been analyzed by the City and have been
found to be in the long-term best interest of the community impacted by the redevelopment
project. The City acknowledges receipt of notice of intent to enter into the Redevelopment
Contract in accordance with Section 18-2119 ofthe Act and ofthe recommendations ofthe
Authority and the Planning Commission with respect to the Redevelopment Contract.
2. Approval of the Redevelopment Plan is hereby ratified and reaffirmed, as amended by this
Resolution, and the Authority is hereby directed to implement the Redevelopment Plan in
accordance with the Act.
3. Pursuant to Section 18-2147 of the Act, ad valorem taxes levied upon real property in the
Redevelopment Project included or authorized in the Plan which is described above shall be
divided, for a period not to exceed 15 years after the effective date of this provision, which
effective date shall be January 1, 2011 as follows:
a. That proportion 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 (as
defined in the Act) 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 proportion of the ad valorem tax on real property in the Redevelopment Project
in excess of such amount, if any, shall be allocated to, is pledged 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 of
money to, or indebtedness incurred by, whether funded, refunded, assumed, or
otherwise, such Authority for financing or refinancing, in whole or in part, such
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.
c. The Mayor and City Clerk are authorized and directed to execute and file with the
Treasurer and Assessor of Hall County, Nebraska, an Allocation Agreement and
Notice of Pledge of Taxes with respect to each Redevelopment Project.
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4. The City hereby finds and determines that the proposed land uses and building requirements in
the Redevelopment Area are designed with the general purposes of accomplishing, in
accordance with the general plan for development 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 and economy in the process of development; including,
among other things, adequate provision for traffic, vehicular parking, the promotion ofsafety
from fire, panic, and other dangers, adequate provision for light and air, the promotion of a
healthful and convenient distribution of population, the provision of adequate transportation,
water, sewerage, and other public utilities, schools, parks, recreation 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 unsanitary or
unsafe dwelling accommodations, or conditions of blight.
Adopted by the City Council of the City of Grand Island, Nebraska, May 25, 2010.
Margaret ornady, Mayor
Attest:
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RaNae Edwards, City Clerk
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