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2007-27RESOLUTION NO. 2007 -27 COUNCIL MEMBER ABBOTT INTRODUCED THE FOLLOWING RESOLUTION: A RESOLUTION OF THE CITY OF BLAIR, NEBRASKA, APPROVING AN AMENDMENT TO A REDEVELOPMENT PLAN FOR THE CITY AND AGREEING TO THE PLEDGE OF TAXES IN A REDEVELOPMENT AREA FOR THE BENEFIT OF THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF BLAIR (TWO RIVERS STATE BANK PROJECT). WHEREAS, the City of Blair, 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 the redevelopment area attached as Exhibit A and incorporated herein by this reference (the "Redevelopment Area ") to be substandard and blighted and in need of redevelopment pursuant to the Act; and WHEREAS, the Community Development Agency of the City of Blair, Nebraska (the "Agency "), 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 of the City reviewed the Redevelopment Plan pursuant to the Act and submitted its recommendations, if any, to the City, pursuant to Section 18 -2114 of the Act; and WHEREAS, following consideration of the recommendations of the Agency to the Planning Commission, the recommendations of the Planning Commission to the City, if any, 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 Agency for approval a specific Redevelopment Project within the Redevelopment Plan and as authorized in the Redevelopment Plan, as described on the attached Exhibit B; 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 on the attached Exhibit B. NOW, THEREFORE, be it resolved by the City Council of the City of Blair, Nebraska: 1. The Redevelopment Plan of the City approved for the area described on the attached Exhibit A, including the Redevelopment Project legally described on the attached Exhibit B, is hereby determined to be feasible and in conformity with the general plan for the development of the City of Blair as a whole and the Redevelopment Plan, including the Redevelopment Project identified on the attached Exhibit B, 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 Agency, that (a) the redevelopment project in the plan would not be economically feasible without the use of tax - 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 of the 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 of the Act and of the recommendations of the Agency 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 Agency 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 legally described in the attached Exhibit B 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 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 portion 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 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, such Agency 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 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. c. The Mayor and City Clerk are authorized and directed to execute and file with the Treasurer and Assessor of Washington County, Nebraska, a Notice to Divide Taxes with respect to each Redevelopment Project. 2 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 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. 5. The Mayor and City Clerk are hereby authorized and directed to execute such documents and take such actions as are necessary to carry out this Resolution. COUNCIL MEMBER WOLFF MOVED THAT THE RESOLUTION BE ADOPTED AS READ, AND SAID MOTION WAS SECONDED BY COUNCIL MEMBER ABBOTT. UPON ROLL CALL, COUNCIL MEMBERS STEWART, SHOTWELL, FANOELE, CHRISTIANSEN, WOLFF, BIFFAR AND ABBOTT VOTING "AYE" AND COUNCIL MEMBERS NONE VOTING "NAY ", COUNCIL MEMBE SCHEVE ABSTAINED, THE MAYOR DECLARED THE FOREGOING RESOLUTION PASSED AND APPROVED THIS 10TH DAY OF APRIL, 2007. ATTEST: BRENDA R. WHEELER, CITY CLERK (SEAL) STATE OF NEBRASKA ) ) :ss: WASHINGTON COUNTY ) CITY OF BLAIR, NEBRASKA B 1 C 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 10th day of April, 2007. azi./LAK BRENDA R. WHEELER CLER 3 S E. REALPH, MAYOR EXHIBIT A REDEVELOPMENT AREA 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 655, 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. A EXHIBIT B REDEVELOPMENT PROJECT Acquisition, construction, improving and equipping of a bank on the following described real property: 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 655, 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, Washington County, Nebraska. B