2007-13RESOLUTION NO. 2007- 13
COUNCIL MEMBER ABBOTT INTRODUCED THE FOLLOWING RESOLUTION:
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF BLAIR,
NEBRASKA, APPROVING A REDEVELOPMENT PLAN FOR REDEVELOPMENT AREA #1
IN THE CITY OF BLAIR, NEBRASKA, AUTHORIZING THE ISSUANCE OF INDEBTEDNESS
AND ADVANCES OF MONEY IN CONNECTION WITH THE REDEVELOPMENT PLAN,
AND PROVING THE PLEDGE OF INCREMENTAL TAX REVENUES IN THE PROJECT
AREA FOR PAYMENT OF SUCH INDEBTEDNESS AND ADVANCES.
WHEREAS, the Mayor and City Council of the City of Blair, Nebraska (the "City ") have
previously declared an area in the City of Blair, as designated in the legal description described on
the attached Exhibit `A' (the "Redevelopment Area ") to be blighted and substandard in accordance
with Section 18 -2101 through 18 -2153 of the Nebraska Revised Statutes (The "Act ");
WHEREAS, the Community Development Agency of the City of Blair ( "Agency ") and the
City Planning Commission have recommended to the City a Redevelopment Plan for the
Development Agency;
WHEREAS, the City has held a public hearing, following publication of notice as required by
law, on a proposed Redevelopment Plan for the Redevelopment Area in the form attached hereto as
Exhibit C, together with the proposals to utilize tax increment financing as set forth in this
Resolution;
WHEREAS, the City desires to adopt the Redevelopment Plan for the Redevelopment Area.
NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of Blair,
Nebraska as follows:
1. The City hereby approves the Redevelopment Plan in the form attached hereto as
Exhibit C. The terms and conditions of such Redevelopment Plan are hereby
incorporated herein by reference and made a part hereof (collectively the
"Redevelopment Plan").
2. The recommended improvements in the attached Redevelopment Plan are hereby
approved and designated Redevelopment Projects ( "Redevelopment Projects ") as
part of the Redevelopment Plan.
3. Such specific Redevelopment Projects shall be completed pursuant to specific
authorizing resolutions of the Agency as approved from time to time.
4. The Redevelopment Area and the Redevelopment Projects approved in this
Redevelopment Plan, as amended from time to time, is hereby declared a
"Redevelopment Project" within the meaning of the Act. Pursuant to Section 18-
2147 of the Act, ad valorem taxes levied upon real property in the Redevelopment
Project Area legally described in Exhibit A 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, 2007 as follows:
a) That portion of the ad valorem tax which is produced by the 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 such public
body in the same proportion as all other taxes collected by or for such bodies;
and
b) That portion of the ad valorem tax on real property in the Redevelopment
Area in excess of such amount, if any, shall be allocated to, is pledged to,
and, when collected, paid into a special fund of the Agency 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, the Agency for financing
or refinancing, in whole or in part, the Redevelopment Projects. When such
bonds, loans, notes, advances of money, or indebtedness, including interest
and premiums due, have been paid, the Agency shall so notify the County
Assessor and County Treasurer and all ad valorem taxes upon real property in
the Redevelopment Area shall be paid into the funds of the respective public
bodies.
c) The City shall execute and the Agency shall file with the County Treasurer
and County Assessor of Washington County, Nebraska, prior to August 1,
2007, Notice to Divide Taxes with respect to the Redevelopment Area
substantially in the foun attached to this Resolution as Exhibit `B'.
5. For purposes of paying all or a portion of the costs of the Redevelopment Projects,
the City hereby authorizes the issuance, from time to time, of bonds, notes, or other
indebtedness, and the advances of money by the Agency, to pay such costs. Such
bonds, loans, other indebtedness or advances of money shall be represented by such
instruments, drafts, or warrants as are authorized by the Agency from time to time,
and shall be payable from the allocation and pledge of ad valorem taxes pursuant to
this Resolution and from such other funds as are authorized and approved by the
Agency from time to time.
6. In accordance with this Resolution, the Agency shall maintain a separate fund of the
Agency designated "Community Development Agency of the City of Blair, Nebraska
Redevelopment Area #1 Redevelopment Projects Fund." The Treasurer shall deposit
in a separate account in such fund all ad valorem taxes received by the Agency from
the County Treasurer of Washington County, Nebraska, pursuant to paragraph 4 of
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this Resolution. All monies in such account of the Projects Fund shall be used solely
to pay principal, interest, and premiums, if any, due in connection with the bonds,
loans, notes, other indebtedness or advances of money incurred by the Agency in
connection with financing the Redevelopment Projects.
7. 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 of safety 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.
8. The Agency has conducted, and the City hereby approves, pursuant to Section 18-
2113 (2) of the Act, a cost - benefit analysis with respect to the Redevelopment
Projects, and further finds as follows:
a) The Redevelopment Projects would not be economically feasible without the
use of tax - increment financing;
b) The Redevelopment Projects 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 of the
community, and the demand for public and private services have been
analyzed by the governing body of the City and have been found to be in the
long -term best interests of the community impacted by the Redevelopment
Proj ect.
9. Any Resolution passed and approved prior to the passage, approval and publication
of this Resolution which is in conflict with the terms and provisions of this
Resolution is hereby appealed to the extent of such conflict. This Resolution shall
take effect and be in full force and effect from date of its passage, approval and
publication as required by law. The provisions of this Resolution are separable and
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in validity of any phrase, clause or part of this Resolution shall not affect the validity
or effectiveness of the remainder of this Resolution.
COUNCILMEMBER WOLFF MOVED THAT THE RESOLUTION BE ADOPTED AS READ,
WHICH SAID MOTION WAS SECONDED BY COUNCILMEMBER FANOELE. UPON ROLL
CALL, COUNCILMEMBERS STEWART, SCHEVE, SHOTWELL, FANOELE, WOLFF,
CHRISTIANSEN, BIFFAR AND ABBOTT VOTING "AYE ", AND COUNCILMEMBERS NONE
VOTING "NAY ", THE MAYOR DECLARED THE FOREGOING RESOLUTION WAS PASSED
AND ADOPTED THIS 27TH DAY OF FEBRUARY, 2007.
Passed and approved by the City of Blair this 27th day of February, 2007.
ATTEST:
(SEAL)
/kiad,
BRENDA WHEELER, CITY CLERK
STATE OF NEBRASKA )
) :ss:
WASHINGTON COUNTY )
CITY OF BLAIR, NEBRASKA
By: ---)\ e .
J MES ALPH, MAYOR
BRENDA R. WHEELER, hereby certifies that she is the duly appointed, qualified and acting
City Clerk of the City of Blair, Nebraska, and that the above and foregoing Resolution was passed
and adopted at a regular meeting of the Mayor and City Council of said city held on the 6th day of
February, 2007.
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PA,/tZ ,J,La.a
BRENDA R. WHEELER, CITY CLERK
EXHIBIT `A'
DESCRIPTION OF AREA NUMBER ONE
Beginning at a point 40' south of the southwest corner of TL 352, Section 11,
Township 18 North, Range 11 East, thence easterly along the southern edge of the
Davis Drive right -of -way 350', thence northerly 110' to the southeast property line of
Lot 3, Bruntons Addition, thence northerly and easterly along the 19th Street
right -of -way to the northeast corner of Lot 12, Block 79, First Addition, thence
westerly to the northwest corner of Lot 7, Block 79, First Addition, thence southerly
to the northwest corner of the North 140' of Lot 4, Bruntons Addition, thence
westerly to the northwest corner of Tax Lot 656, Section 11, Township 18 North,
Range 11 East, thence southerly to the northwest corner of Tax Lot 222, Section 11,
Township 18 North, Range 11 East, thence easterly and southerly along the property
line of Tax Lot 222 to a point 40' south of the southeast corner of Tax Lot 222, also
being the point of origin, all located in the city limits of Blair, Nebraska.
I VI.: FILEL) Notice to Divide Tax for Community Redevelopment Project
THE. ASSESSOR ON Tng inesoment Financing Project (TIF)
I3V=VRE I
AUGIST I I • tA.Pc flied en or bciore tuagust in die calendar year *tot the division of he real property tax is to become effective
L _ ru be completed by Me City or Community Rodevelooment Authority (RA}
Courtly Norte _
Washington County. Nebraska
oturwiewaere 1 projeCt Is SaCeterl
Blair, Nebraska
Name o TIF Pre;ect
Redevelopment Area Q1
ProvOe o brie de<eription or the. TIT ptoloc1T
The City intends to develop and rehabilitate the real estate shown on Exhibit A,
attached hereto and tncorporated herein by this reference, by possibly purchasing
u portion of the area described on Exhibit A and clearing ma a porrion of rhfl
area described on Exhibit. A fur redevelopment.
Cvandar year iiat 11 dvls cr cl real cro; lox is to brrc . ol'ozr eatAf. Whin Year 1,■v■e■ r 11111.1■,;3.1vs y;;.. 11 .J ku , vol Plko; ko Or:come rFo:
January 1, 2007 1 January 1, 2006
Specify Me loaal alscrtptione,$)rild itre cdrassos ot reel property parecic to be loOluded In ha TO r etbech. Set) arrdipt ptavt:IN lonetl,.-..m,11mumtiftes ot the
pt ()pony Irre rideliceprniont Mao ror Anaeit a map):
Beginning at a point 40' south of the southwest corner of T1,352, Section 11, 1.OWTISp ) Zi North, Range
11 Last, thence easterly along the southern edge of the Davis Dri ve i hin& norther))
the xoutbeast properly lint o11 ,I 3, rinintons luidi lion. thence northerly and caste. ly along the ) 9th Street
right of way to the northeast corner of 1.ci 12, Bieck ,9. Fir' 1 Mitt on, the= westerly 10 the northwest
corner oil ot 7, block 79, First AiRlition. theme southerly to the northi,vest come' of the North 140' of Lrit
BrUntOnS AdoitiOn, thence" westeity to the iloitliwrst corner 01' TaX Lvt 056, Section ), Township 18
Noun, Range 1 Fa6t. thence southerly to the northwest corner of Tax Lin 222, Section 11, Township 1 8
North, Range 11 East, thence easterly and southerly along the propixty line of Tax Lot 222 to it point 40
south of the southeast corner of Tax 1.ot 222, also being , the point of ongin, all located in the city limits of
Blair, Nebraska,
Vir•Pr' PrivOlY < P•oloci 1 4 ": 1 4 0 :1( rrr00 Imrk I - 11 . 1ne , rttv t rrn rey ri CUI111.1fIlty'RMIA.11(c. Aulf0' ;C.Re.,.Aana (let] eves previNiJ 91 tvaert..1
, .r i kvtrt , ei(A He AIAAA.143r ceboetavrec A,49.4,1 1 in VIA e-AWitl.le >earn ama en of rc grocctry tax to tow-t cicrr.o.
sign L
here rA00
EXHIBIT 'B'
NOTICE TO DIVIDE TAXES
Mnyor
Thia aectiuti tu be completed by the Ae.ueuur
02-27-07
Dalt
Thr Ltscw..4 Lt11 vtlify and einuplele the tedevelopinittit pi 6CCIN'alllatiOn of "baSe valve" Col thr pctr.:V1:: VII Cal preptilly luouted within the
T 1 oject specified above. f or example, if dne calendar year for dividing the real property lia.scV2313C shall recall tlie itssebed
value. of the taxable real property last certifi cd to the pohneul ,subdivisions in the yea prior tote et feetive date of thcproviAion authorizing the
itlyttliog of the lax, ic. Z01)(1, When Morels nn redevclopmeniprojec t value on uparcel or parcel s, the assemor shall determine the redo elcpuivitt
projec 'Valuation based on the fair IriarliCt Vir WC of 11:1C parcel or piiroelo as of 3orntiory of the yaar prior t..3 th ytilT that the property taxes al 4.f
41 he dtvitled, put stunt to Neb. Kev. Stat. §l
Amount of Real Property Base Value Determined for the TIP Project specified on this notice: S
tn.;-1$7t > $4.4ow
c■;,,ft 25Z
Cistrib;:en vt C4,:ncrieled On4rial--A*seavoi, I wpyeani 1» CouryTruri City)CRA, tJar Dep. 0 Pri,;:virty Msesso a & I aminui
OVERVIEW:
This plan is intended to redevelop an area within the City of Blair, which has been declared
blighted and substandard within the meaning of the Community Development Law of the State of
Nebraska.
The City intends to develop and rehabilitate the real estate shown on Exhibit A by possibly
purchasing a portion of the area described on Exhibit A and clearing out a portion of the area
described on Exhibit A for redevelopment.
The Project area described on Exhibit A will not be without the benefit of tax increment
financing. The costs and risks of the project are simply too great to be absorbed entirely by private
industry without the assistance of tax increment financing. The City anticipates it will issue bonds,
notes, or some other form of qualified indebtedness to be repaid from the incremental tax revenues
generated by the redevelopment project pursuant to § 18 -2147 of the Nebraska Revised Statutes, for a
period of 15 years from an effective date of January 1, 2007. The City will use the proceeds of the
bonds to assist in payment of Project Costs in the construction and acquisition of the project. The
existing assessed value of the Project Area is $1,481,965. The estimated completed value is
$3,146,070 for an incremental value of $1,664,105.
THE REDEVELOPMENT PLAN:
EXHIBIT "C"
DEVELOPMENT PLAN FOR
REDEVELOPMENT AREA #1
1. Relationship of Plan to Local Objectives for Appropriate Land Use. This plan
contemplates no change in current land use. The land use will remain primarily commercial.
Reutilization of the existing real estate meets existing local objectives for appropriate land use for
the area affected by this plan. The new development is targeted to entice new residents and business
to the community for general economic support of the community and to retain vital services in the
City.
2. Relationship of Plan to Local Objectives For Improved Traffic Flow and Public
Utilities in Plan Area. No changes are contemplated in traffic flow or public utilities.
3. Relationship of Plan to Local Objectives for Community Facilities. This plan will
provide a needed commercial facility in Blair.
4. Redevelopment Project Boundaries. Exhibit A describes the boundaries of the
Project.
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5. Proposed Land Use Plan. The proposed land use plan after redevelopment is some
type of commercial development.
6. Information on Standards for Population Densities; Land Coverage; Building
Intensities; and Land Coverage after Redevelopment. Population density will not change for the
area.
7. Statement Regarding Change in Street Layouts. This Plan proposes no changes in
street layout.
8. Site Plan after Redevelopment. The proposed site plan of the redevelopment project
after full redevelopment provides for clearing the area of dilapidated structures for commercial
development.
9. Statement as to the Kind and Number of Additional Public Facilities or Utilities
Required to Support Land Use after Redevelopment. No additional public utilities are required to
support the proposed plan, as discussed above.
10. Public Cost/Benefit Analysis. This plan anticipates the City will purchase part of
and clear part of an area for commercial development in Blair. It is intended that no public funds,
other than the tax increment financing benefit, will be used on the acquisition and development of
the property.
Any bonds issued pursuant to this plan shall not be backed by the City or the Agency
unless such bonds are issued for the sole benefit of the City, and will only be repaid from the
increased ad valorem tax stream created by rehabilitation of the Project Area described on Exhibit A,
over a 15 year period, commencing January 1, 2007. All ad valorem taxes currently being paid by
the facility will continue to be paid to the normal taxing authorities, including the school district, the
City of Blair, and Washington County, subject to current valuation adjustment. After the 15 year TIF
period, the increased taxes will also be paid to the normal taxing authorities.
authorities.
Tax Benefit: The real estate taxes from the land will continue to be paid to the taxing
The project will result in new commercial space in the City. This will not require
additional schools be built or result in an additional burden on community facilities. Therefore, no
undue stress on the school system, police or fire protection is contemplated.
11. Pledge of Incremental Taxes. Pursuant to Section 18 -2147 of the Act, and ad
valorem tax levied upon the following real property in the redevelopment project: to wit:
Beginning at a point 40' south of the southwest corner of TL 352, Section 11,
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Township 18 North, Range 11 East, thence easterly along the southern edge of the
Davis Drive right -of -way 350', thence northerly 110' to the southeast property line of
Lot 3, Bruntons Addition, thence northerly and easterly along the 19th Street
right -of -way to the northeast corner of Lot 12, Block 79, First Addition, thence
westerly to the northwest corner of Lot 7, Block 79, First Addition, thence southerly
to the northwest corner of the North 140' of Lot 4, Bruntons Addition, thence
westerly to the northwest corner of Tax Lot 656, Section 11, Township 18 North,
Range 11 East, thence southerly to the northwest corner of Tax Lot 222, Section 11,
Township 18 North, Range 11 East, thence easterly and southerly along the property
line of Tax Lot 222 to a point 40' south of the southeast corner of Tax Lot 222, also
being the point of origin, all located in the city limits of Blair, Nebraska.
as surveyed, platted and recorded, now being a part of the City of Blair, all in Washington County,
Nebraska shall be divided, for the period not to exceed 15 years after the effective date of the
provision, which effective date shall be January 1, 2007:
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
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 Agency 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 Agency 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 Agency 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.
The cost - benefit analysis for the above referenced project, which will utilize funds authorized
by Neb. Rev. Stat. Section 18 -2147, can be summarized as follows:
2147:
COMMUNITY DEVELOPMENT AGENCY
CITY OF BLAIR, NEBRASKA
AREA #1 PROJECT #1
February 27, 2007
COST - BENEFIT ANALYSIS
(PURSUANT TO NEB. REV. STAT. SECTION 18 -2113)
1. Tax shifts resulting from the approval of the use of funds pursuant to Section 18-
a. Estimated Redevelopment Project Valuation: $18,982,500
b. Projected Completed Project Assessed Valuation: $25,582,500
c. Projected Tax Increment Base (b. minus a.): $6.600.000
d. City Tax Levy (2006): 0.356864
e. County Tax Levy (2006): 0.323446
f. School District Tax Levy (2006): 1.062887
g. Community College Tax Levy (2006): 0.067400
h. Educational Service Unit Tax Levy (2006): 0.016418
i. Natural Resource District Tax Levy (2006): 0.038444
j. Other applicable Real Estate Tax Levies (2006): 0.045158
k. Total levy (all jurisdictions including City) 1.995670
1. Total Projected Tax Shift
(k. times c. x maximum of 15 years):
$ L975.713
Note: The Projected Tax shift is based on assumed values and levy rates; actual amounts and rates
will vary from those assumptions, and it is understood that the actual tax shift may vary materially
from the projected amount.
2. Public infrastructure and community public service impacts and local tax impacts
arising from the approval of the redevelopment project:
a. Public infrastructure improvements and impacts:
Financed by Section 18 -2147 Funds: $1,975,713
Describe: Site acquisition, demolition, and preparation for streets, ancillary
public infrastructure, and all other qualified improvements under Sections 18-
2103 & 18 -2107.
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Financed by other City /Agency Funds: N/A
Describe:
b. Community public service needs impacts:
Financed by Section 18 -2147 Funds:
Describe:
Financed by other City /Agency Funds:
Describe:
c. Local Tax impacts (in addition to impacts of Tax
Shifts described above):
City tax requirements: N/A
Describe:
Other Jurisdiction Tax requirements: N/A
Describe:
3. Impacts on employers and employees of firms locating or expanding within the
boundaries of the area of the redevelopment project:
Describe:
Estimated Benefit (Cost): N/A
4. Impacts on other employers and employees within the city or village and the
immediate area that is located outside of the boundaries of the area of the redevelopment project:
Describe:
Estimated Benefit (Cost): N/A
5. Other impacts determined by the Agency to be relevant to the consideration of costs
and benefits arising from the redevelopment project:
Describe:
6. Summary of Findings:
Estimated Benefit (Cost): N/A
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N/A
N/A
Secretary
The defined area is experiencing significant conditions of blight and substandard.
The use of tax increment financing will provide funds to eliminate or reduce many of
those conditions which will also encourage the use of private funds to further
eliminate or reduce those conditions. The uses of property in the area and valuation
of property in the area and surrounding areas will be enhanced.
Approved this 27th day of February, 2007.
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Chair