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20211223083320636City of Blair Community Development Agency March 9, 2021 Community Development Agency members of Blair, Nebraska met in regular session in the Blair Public Library on March 9, 2021 at 6:45 PM. The following were present: Absent: Kevin Hall, Present: Chris Jensen, Mindy Rump, Andrew Schank, Marty Shepard, Jon Stewart, Kevin Willis, Frank Wolff. Also present were City Administrator Storm, Assistant City Administrator Barrow, Director of Public Works Schoemaker, City Attorney Solomon and Chief Lager. The Chairman publicly stated to all in attendance that a current copy of the Nebraska Open Meetings Act was available for review and indicated the location of such copy posted in the room where the meeting was being held. Notice of the meeting was given in advance thereof by publication in the Enterprise or the Pilot -Tribune as shown by the affidavit of publication filed in the City Clerk's office. Notice of the meeting was simultaneously given to the Chairman and all members of the Community Development Agency, and a copy of their acknowledgement of receipt of notice and the agenda is filed in the City Clerk's office. Availability of the agenda was communicated in the advance notice and in the notice to the Community Development Agency of this meeting. All proceedings hereafter shown were taken while the convened meeting was open to the attendance of the public. Agenda Item #1 — Chairman Hansen called the meeting to order and made introductions at 6:45 p.m. Agenda Item #2 — Motion by Mindy Rump, second by Kevin Willis to approve the minutes of the October 27, 2020 meeting. Board members voted as follows: Kevin Hall: Absent, Chris Jensen: Yea, Mindy Rump: Yea, Andrew Schank: Yea, Marty Shepard: Yea, Jon Stewart: Yea, Kevin Willis: Yea, Frank Wolff. Yea. All Board members voted: Yea: 7, Nay: 0, Absent: 1. Chairman Hansen declared the motion carried. Agenda Item #3 — City Administrator Storm stated the city is issuing bonds based on estimates, which will be adjusted upon completion should the estimate be too high. The bond is being issued now so that it can be subordinated to the bank as part of the financing. Funds will then be able to be advanced for the project as they plan to start construction around March 24, 2021. The plan was submitted to the Planning Commission and approved and thereafter recommended by the Agency to the Mayor and Council of the City, as required by the Community Development Act. The plan calls for the construction of a hotel and related public and private improvements. SAI Properties V, Inc. will redevelopment the real estate and has entered a contract with city's Community Development Agency (CDA). The Redeveloper has incurred and is expected to incur costs in excess of $7,572,203 relating to construction of the Project and intends to complete the Project prior to June 30, 2022. The Redevelopment Contract allows the CDA to authorize the issuance of its tax revenue bond in the amount not to exceed $970,000. Council member Wolff introduced Resolution No. 2021-1 authorizing the issuance of a tax increment revenue bond for the first phase of the redevelopment project set forth in the Redevelopment Plan for the Hayden Place Redevelopment Project. Motion by Frank Wolff, second by Chris Jensen to adopt Resolution No. 2021-1 as presented. Council members voted as follows: Kevin Hall: Absent, Chris Jensen: Yea, Mindy Rump: Yea, Andrew Schank: Yea, Marty Shepard: Yea, Jon Stewart: Yea, Kevin Willis: Yea, Frank Wolff. Yea. All Council members voted: Yea: 7, Nay: 0, Absent: 1. Chairman Hansen declared the motion carried. Agenda Item #4 — Motion by Andrew Schank, second by Mindy Rump to adjourn the meeting at 6:51 p.m. Board members voted as follows: Kevin Hall: Absent, Chris Jensen: Yea, Mindy Rump: Yea, Andrew Schank: Yea, Marty Shepard: Yea, Jon Stewart: Yea, Kevin Willis: Yea, Frank Wolff: Yea. All Board members voted Yea: 7, Nay: 0, Absent: 1. Chairman Hansen declared the motion carried. Richard Hansen, Chairperson (Mayor) ATTEST: Brenda Wheeler, Secretary (City Clerk)