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RES 2012-0817 - Menards Inc/Menards Plaza TIF redevelopment project plan _ • �tAAHA.N of Vf .P Planning Department �►1„��-��sw� Omaha/Douglas Civic Center r ✓j r�•?iyy's 1819 Farnam Street,Suite 1100 !1 °41 Omaha,Nebraska 68183 91"41 ro (402)444-5150 'T�D FEBRVr4� Telefax(402)444-6140 R.E.Cunningham,RA,F.SAME City of Omaha Director Jim Suttle,Mayor June 19, 2012 Honorable President and Members of the City Council, The attached Resolution transmits the Menard, Inc Tax Increment Financing (TIF) Redevelopment Project Plan for the development of Menards Plaza at 72nd and "L" Streets in Census Tract 74.59 Block Group 1. The project site consists of approximately 26.39-acres and is generally bounded by"L" Street on the north, floodway and 73rd Street on the southwest, and 72nd Street on the east addressed as 4726 South 72nd and 7337"L" Streets. This project site is located in a census tract and block group that display substandard and blight conditions as defined in Nebraska Community Development Law. The project site is zoned Mixed-Use and Mixed- Use/Flood-Fringe. The study site consists of floodway and flood-fringe infrastructure conditions which have substantially impaired the development of the site. The Redevelopment Project Plan recommends the City's participation in the redevelopment of this project through the allocation of TI.F in an amount up to $2,000,000.00 to offset the site development costs inclusive of public improvements, renovation/rehabilitation of the site, demolition, grading and earth work, architectural and engineering fees. The estimated total project cost is $19,000,000.00 which is subject to change based on final construction costs. Your favorable consideration of this Resolution will be appreciated. Respectfully submitted, Referre o City Council for Consideration: • Cunninghp F. Date Mayor's ffice Date Planning Direi'tor Z Approved: -11-2---r'214eLt. - Pam Spaccarotella Date Rob rt G. Stubbe, P.E. Date Finance Director Public Works Director Notice of Publication: June 21 and June 28,2012 Public Hearing: July 17,2012 dlhightowerl716-cover letter s (1) through (7) of this Exhibit and only after reasonable advance written notice is given to IHouse. The purpose for this provision is to provide for investigation to ascertain compliance with the program provided for herein. (5) IHouse shall take such actions as the City may reasonably direct as a means of enforcing the provisions of Paragraphs (1) through (7) herein, including penalties and sanctions for noncompliance; however, in the event IHouse becomes involved in or is threatened with litigation as the result of such directions by the City, the City will enter into such litigation as necessary to protect the interests of the City and to effectuate the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. 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':1,,•1-..',4••'•:''7'4;''•:' . ',=;" .4 '''''"''.•.i..2,1'.P' ''''•' l', 11.P, Az, -.,;,..:. • „,,:,„,,,A,: '.'4.:*4-,,,IRwr .,•,.. -*=1 !`• -61,t,,,,pFr• --: •t, i .,4,...,". ',',„ri:.., 4... 4..t. :1:, .:1 •.. -"I,• It It.A,':!`1; '.0',....1,%.-• ,-';,f,4- 7'4*rt •Irovt. „,„.Q.,,-, ,„ ,w,, '''4 44".4,••••.-'',..i•::-.' ...":, - ••-;,i • --. .., ..,:i.v.•,,,,?„-, ,. . '..--,•• •,.,,A 1 t.'0%.vi•-•.;r '-,.A.ts• ..% ,1` ' - ,! '.a. : t '...;1 t '...."..i ' • 4'-'',•' •, ii.:: it„,-.T„..,...m., . L.W..-',, ,,,,S.,.-. ••• ' . ................ 1:.%...............,".t...:,":::..i,' ...., kre,•••.•••.. ' 1,-,• :'734- '' . # ''. '•4. , 414.7 , „; •..,A ,v,i- .„,r.-9., , Abi:::t,-- •!,r.`; '••'. .'";-:;,•--,, i..=.., ,,•: .ii 41.•-v .:t2;,- .. 4-,t. 4' k.''',,•,-.x-4...0. .-;.., ,yr-• ;,,, .., ?-.••• . 1,4 41-te,• , ':,4ri,,W ,i. , :•':-,--,', .'•-• tr4,0,4,6we tilt, .. _ - . _. - ----- - - - " • • ./. , - ,',o,-,it,v;4' , ,...,t,W• 4,N.-kiii•'':=*•;',lik''' ,,,•::,,U•.=,.•;• :7,,,,,,tt•,==-i.. .,,,* -.„...i;.-4.-;14.4..,_/Ag.,.:. _ .._ w '�j EXHI2IT obi ,' ~ �•a i. :, - •- T • e `• } • 1 . e - L ' ,,R`" `/per'-�-? yJWI+•.F••-../ a. �, •---. • Pi = E-,,i c: g, 0 A -",.,, ,.• • ,.. ..„,...74;,* 1 •,,, -�a�r {lFf� �. --).-1 ,. .. ; , , .. )18 c:p ��•( .r►t y'`4I � � , � �ytry -r._. }y / 'V J.! ,‘ 1. ILfri -474/4"fr":p iwsc'. •• -r s`.'�...rra.. .3+�+wrr,..w.-.t i} lµi`q 1 i �M .4 �' 7 1i .. ita}tit' '� :- 1"�Q.. Y' i _ It�}�. �riY1S5•t• 6 '�S +011 yr. -.`1.) *?. 6 CD \ 4 1."" g , N J _. a • • 'il:, it : I /r 1t sy ems+ V, '''''t i3 I y ;) 1- +, t ; , i ,,,...'.i- . ;21.it ! . 1. t s Sl7,2nd Sti w- r 4. .'.. a JryllIllr Ia i4,04 sp .r��� ��a ,I.. � J )L t I-#1111111., , ,.. .,. � • 1 { AZ- w - '�{y",r a+� a i ,f.k. tip J - t. kit i . 2.li . 11 ---' — a--"-r .`_ I "fie ♦ - - . !`� w ��' ... -S ZOth.Blz' -•q*= ' tt• r + r 9 .rF° i 1 ' 'I p z — • . — ,...„It.).i ,,1., —I "i : ., as - .� � -�w .y I 111111111 1111% Wr, avorable consideration of this Resolution will be appreciated. Respectfully submitted, Referre o City Council for Consideration: • Cunninghp F. Date Mayor's ffice Date Planning Direi'tor Z Approved: -11-2---r'214eLt. - Pam Spaccarotella Date Rob rt G. Stubbe, P.E. Date Finance Director Public Works Director Notice of Publication: June 21 and June 28,2012 Public Hearing: July 17,2012 dlhightowerl716-cover letter s (1) through (7) of this Exhibit and only after reasonable advance written notice is given to IHouse. The purpose for this provision is to provide for investigation to ascertain compliance with the program provided for herein. (5) IHouse shall take such actions as the City may reasonably direct as a means of enforcing the provisions of Paragraphs (1) through (7) herein, including penalties and sanctions for noncompliance; however, in the event IHouse becomes involved in or is threatened with litigation as the result of such directions by the City, the City will enter into such litigation as necessary to protect the interests of the City and to effectuate the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 EXHIBIT "B" MERNARDS PLAZA TIF REDEVELOPMENT PROJECT PLAN CENSUS TRACT 74.59a, BLOCK 1 : ND 72 & L Streets JUNE 2012 01, ir, vt? err � y � ,,,,,,,,,r,„,„, id 0, ti' PLANNING•OMAHA O�44/3 FEBO. Jim Suttle, Mayor City of Omaha R. E. Cunningham, RA, F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 t Opportunity Clause", and Section 10-193 in every subcontract or purchase order so that such provisions will be binding upon each sub-contractor or vendor. Page 12 www.ihouse.com f work. • Page 3 www.ihouse.com tion Officer January 2011 O . i CAD i t., 0 ' CASE: C3-12-103 7 APPLICANT: Planning Department on behalf of the City of Omaha REQUEST: Approval of MENARD'S PLAZA TIF REDEVELOPMENT PROJECT PLAN LOCATION: 4726 South 72nd Street and 7337 "L" Street SUBJECT AREA IS SHADED - JUNE 2012 1 ■ 1 ■ I ■ GI 1 ; GI ■ _ L.-St RION71•• • - tn •• GC-Fe MU •, a ■ I I co PO ■ I I • • I I M St um MU-FF\ r 1 C-FF UI 0 \N's•--- ■ . . ■''_ DR-FW li *�.�� •. i.-.-.,: c� DR-FW %,r 7----/ 141 0 800 Feet . s Sl7,2nd Sti w- r 4. .'.. a JryllIllr Ia i4,04 sp .r��� ��a ,I.. � J )L t I-#1111111., , ,.. .,. � • 1 { AZ- w - '�{y",r a+� a i ,f.k. tip J - t. kit i . 2.li . 11 ---' — a--"-r .`_ I "fie ♦ - - . !`� w ��' ... -S ZOth.Blz' -•q*= ' tt• r + r 9 .rF° i 1 ' 'I p z — • . — ,...„It.).i ,,1., —I "i : ., as - .� � -�w .y I 111111111 1111% Wr, avorable consideration of this Resolution will be appreciated. Respectfully submitted, Referre o City Council for Consideration: • Cunninghp F. Date Mayor's ffice Date Planning Direi'tor Z Approved: -11-2---r'214eLt. - Pam Spaccarotella Date Rob rt G. Stubbe, P.E. Date Finance Director Public Works Director Notice of Publication: June 21 and June 28,2012 Public Hearing: July 17,2012 dlhightowerl716-cover letter s (1) through (7) of this Exhibit and only after reasonable advance written notice is given to IHouse. The purpose for this provision is to provide for investigation to ascertain compliance with the program provided for herein. (5) IHouse shall take such actions as the City may reasonably direct as a means of enforcing the provisions of Paragraphs (1) through (7) herein, including penalties and sanctions for noncompliance; however, in the event IHouse becomes involved in or is threatened with litigation as the result of such directions by the City, the City will enter into such litigation as necessary to protect the interests of the City and to effectuate the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 INTER-OFFICE COMMUNICATION City of Omaha,Nebraska Planning Department TO: Chairperson and Members of the Planning Board FROM: R. E. Cunningham,RA, F. SAME Planning Director DATE: May 16, 2012 SUBJECT: Menard, Inc. Tax Increment Financing Redevelopment Project Plan MENARDS PLAZA @ 72nd&"L" Streets Census Tract 74.59, Block Group 1 Property: 4726 South 72nd& 7337 "L" Streets Case No: C3-12-103 Related Case: C3-12-081 approved 4/4/2012 This is a request for the approval of the Tax Increment Financing Community Redevelopment Project Plan proposal for the development of Menards Plaza located at 72nd & "L" Streets in Census Tract 74.59 Block Group 1. The project site consists of approximately 26.39- acres and is generally bounded by "L" Street on the north, floodway and 73rd Street on the southwest, and 72nd Street on the east. This project site is located in a census tract and block group that display substandard and blight conditions as defined in Nebraska Community Development Law. The project site is zoned Mixed-Use and Mixed- Use/Flood-Fringe. The study site consists of floodway and flood-fringe infrastructure conditions which have substantially impaired the development of the site. The approval of the Tax Increment Financing Redevelopment Project Plan in accordance with Nebraska Community Development Law will authorize the use up to $2,000,000.00 in Tax Increment Financing (TIF) to cover some of the estimated total project development cost up to $19, 200,824.17 and encourage redevelopment and private re-investment in the area. The approval of this request will provide some of the funding to be used to finance Sewer/Water main/Utilities, Traffic Signalization and the very extensive site development cost. The project site and area meet the requirements of Nebraska Community Development Law. With the approval of the TIF Redevelopment Project Plan the project qualifies for the utilization of Tax Increment Financing to cover site improvement costs associated with project development as may be submitted for approval through the Tax Increment Financing process. DEPARTMENT RECOMMENDATION: Approval ATTACHMENTS KJ June 28,2012 Public Hearing: July 17,2012 dlhightowerl716-cover letter s (1) through (7) of this Exhibit and only after reasonable advance written notice is given to IHouse. The purpose for this provision is to provide for investigation to ascertain compliance with the program provided for herein. (5) IHouse shall take such actions as the City may reasonably direct as a means of enforcing the provisions of Paragraphs (1) through (7) herein, including penalties and sanctions for noncompliance; however, in the event IHouse becomes involved in or is threatened with litigation as the result of such directions by the City, the City will enter into such litigation as necessary to protect the interests of the City and to effectuate the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 Smith Gardner Law 8712 West Dodge Road ■ Suite 400 ■ Omaha, Nebraska 68114-3431 Slusky 402.392.0101 a Fax 402.392.1011 ■ www.smithgardnerslusky.com Jerry M.Slusky , Direct Number:402.505.8100 E-mail:jslusky@Jawsgs.com March 21, 2012 • TIF Committee do Ken Johnson City of Omaha Planning Department 1819 Farnam Street, Suite 1100 • Omaha,NE 68183 Re: Approval of TIF Application for Menard's Plaza, 72°a and L Street ("Menard's Plaza"and/or"The Project") Dear Committee Members: • On March 26, 2012, we will be appearing before your committee seeking your recommendation of approval of TIF eligibility with respect to Menard's Plaza. 1. COMMUNITY REDEVELOPMENT ACT. We have carefully reviewed the State of Nebraska Redevelopment Act Section 58-503 et. seq. pertaining to this site and have the following observations: a. Menard's Plaza fits the very definition of blighted and substandard contained in Neb. Rev. Statute 58-503 (6) as it is unimproved and underdeveloped land as shown by the aerial photographs attached hereto as Exhibit A. The aerials show the mostly vacant land as it sat through years 1973 through 2006. b. When Menard's purchased the land about five years ago, it contained a few out buildings that were built over fifty years ago and have since been demolished due to dilapidation, deterioration, age and obsolescence. All of these characteristics meet the definition of blighted and substandard land. Traces of asbestos were also found in the buildings. We attach hereto as Exhibit B photographs of one of the buildings before it was demolished. c. Because the land has never been fully-developed, it has been in a continuing state of decline over the last fifty years. The decline has had a negative impact on the entire surrounding area which contributes to a lack of economic and job growth. Developing this land would stop the blight from spreading further throughout the surrounding areas and will foster new development and economic growth in the area. • Smith • Gardner • Slusky • Lazer . • Pohren • Rogers LLP dlhightowerl716-cover letter s (1) through (7) of this Exhibit and only after reasonable advance written notice is given to IHouse. The purpose for this provision is to provide for investigation to ascertain compliance with the program provided for herein. (5) IHouse shall take such actions as the City may reasonably direct as a means of enforcing the provisions of Paragraphs (1) through (7) herein, including penalties and sanctions for noncompliance; however, in the event IHouse becomes involved in or is threatened with litigation as the result of such directions by the City, the City will enter into such litigation as necessary to protect the interests of the City and to effectuate the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 2. UNDEVELOPABLE SITE. a. The land sits on a flood plain and as such is unsuitable for development without incurring substantial soil and land preparation and site work costs to bring it out of the flood plain. While Menard's purchased the land in 2007 and demolished the out buildings, it has not and cannot further develop the land due to the excessive costs associated with land preparation to raise it out of the flood plain. The land remains vacant, except for the newly constructed Harley Davidson building which is not a part of the TIF request. b. To date, Menard's has already expended over $900,000 to demolish the buildings and relocate/extend the water, electrical, phone and cable. Grading and earthwork improvement costs to raise the land out of the flood plain to make the land suitable for development are estimated to be at least an additional $1,250,000. 3. "BUT FOR". Menard's estimates the total cost of the Menard's Plaza, including site acquisition, will equal or exceed $19,000,000, as demonstrated in the budget attached hereto as Exhibit C. Menard's is able to contribute $17,000,000 to the Project. It is important to note that Menards has owned this property for five years but found, after acquiring, that due to the substantial engineering and particularly soil issues, the development costs were insurmountable. Throughout that time PJ Morgan Company reached out to Menards and the City of Omaha about the availability of TIF funds and if the TIF funds are made available and the Project is completed, the City of Omaha will realize approximately $500,000 per year of additional sales tax. In order to off-set the substantial engineering and site costs, it is necessary to have a maximum amount of TIF financing. Without the availability of TIF funds, this Project could not be completed in a feasible and cost effective manner which would produce a reasonable rate of return on Menard's investment. Without TIF financing,Menard's Plaza will not go forward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 In conclusion, Menard's Plaza is currently vacant, substandard, unimproved land which is unsuitable for development without the excessive costs of site preparation to raise it out of the flood plain. The Project fits the definition and meets all criteria as established by the Nebraska Redevelopment Act to be approved for TIF, and, but for TIF the Project would not proceed. Allowing the Project to proceed with TIF will stop the blight from spreading further throughout the surrounding areas, will foster new development and economic growth in the area and will contribute up to $500,000 additional annual revenue to the City of Omaha. We ask that you support our application for Tax Incremental Financing. Thank you for your attention to this important matter. Sincerely, AA-L\ QM)\-k-- -)C\O--J\ L2--1-4 Jerry M. Slusky JMS/de Enclosures cc: Walt Peffer • Smith ■ Gardner • Slusky • Lazer • Pohren • Rogers LLP rated in the budget attached hereto as Exhibit C. Menard's is able to contribute $17,000,000 to the Project. It is important to note that Menards has owned this property for five years but found, after acquiring, that due to the substantial engineering and particularly soil issues, the development costs were insurmountable. Throughout that time PJ Morgan Company reached out to Menards and the City of Omaha about the availability of TIF funds and if the TIF funds are made available and the Project is completed, the City of Omaha will realize approximately $500,000 per year of additional sales tax. In order to off-set the substantial engineering and site costs, it is necessary to have a maximum amount of TIF financing. Without the availability of TIF funds, this Project could not be completed in a feasible and cost effective manner which would produce a reasonable rate of return on Menard's investment. Without TIF financing,Menard's Plaza will not go forward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 Elt- Jerald liidratce Superintendent ,:`'� District No.54 8545 Park Drive Dr,o Mark Adler L Ralston NE 68127-3690 Assistant Superintendent - r of Business \ , Ms. 11is Gibbs Fax�' Fax(402)331-4843 Assistant Superintendent f www.talstonschools.org • for Learning L [ 6 Mar. 22, 2012 • Mr. Ken Johnson City of Omaha Planning Department - 1819 Farnam St., 7th Floor Omaha, Ne. 68183 Dear Mr. Johnson: The Ralston Public Schools is in receipt of the notification from the City of Omaha referencing the public hearing on April 4, 2012 regarding the matter of the construction of Menards using Tax Increment Financing (TIF) to assist in the funding of the project cost. The Board of Education and Administration of the Ralston Public Schools are in full support of the use of this funding mechanism. A Menards at the location on 72 & L St. will incur many positive benefits to the future of the Ralston community and our school district. Please feel free to contact me if you have any additional questions. Thank you. S. rely, • Jerald A. Riibe. Ed.D. . Superintendent, Ralston Public Schools UrL[Okchtt/66,,,- A-al eder vir C-1/2. a�fors oF�e�n�olo osts were insurmountable. Throughout that time PJ Morgan Company reached out to Menards and the City of Omaha about the availability of TIF funds and if the TIF funds are made available and the Project is completed, the City of Omaha will realize approximately $500,000 per year of additional sales tax. In order to off-set the substantial engineering and site costs, it is necessary to have a maximum amount of TIF financing. Without the availability of TIF funds, this Project could not be completed in a feasible and cost effective manner which would produce a reasonable rate of return on Menard's investment. Without TIF financing,Menard's Plaza will not go forward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 MENARDS PLAZA 72ND AND L (Southwest Corner) TAX INCREMENT FINANCING APPLICATION AND REDEVELOPMENT PLAN MARCH 2012 JUNE 2012 01, ir, vt? err � y � ,,,,,,,,,r,„,„, id 0, ti' PLANNING•OMAHA O�44/3 FEBO. Jim Suttle, Mayor City of Omaha R. E. Cunningham, RA, F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 t Opportunity Clause", and Section 10-193 in every subcontract or purchase order so that such provisions will be binding upon each sub-contractor or vendor. Page 12 www.ihouse.com f work. • Page 3 www.ihouse.com tion Officer January 2011 O . i CAD i t., 0 ' • • I. PROJECT SUMMARY Project: Menard, Inc. Project Address: 4726 S. 72 Street, Omaha,Nebraska 7337 L Street, Omaha,Nebraska Project Legal Description: 72 L Plaza, Lot 000002 Block 00000, Irreg 1,262 AC 72 L Plaza; Lot 000003, Block 00000, Irreg 1,175 AC 72 L Plaza, Lot 000005,Block 00000, Irreg 1,477 AC 72 L Plaza,Lot 000006, Block 00000, Irreg 0.907 AC 72 L Plaza, Lot 000001 Block 00000,Irreg 16,456 AC 72 L Plaza, Lot 0000LC, Block 00000, Irreg 0.659 AC 72 L Plaza, Lot 0000LB, Block 00000, Irreg 2.990 AC 72 L Plaza, 0000LA, Block 00000, Irreg 1.464 AC Estimated Total Project Cost: $19,000,000 TIF Request: $2,000,000 Current Use: Unimproved land Current Zoning: MU -MUFF Proposed Use: Mixed Use Menards Plaza with office and retail space on outlots Current Annual Real Estate Taxes: $112,548 Current Tax Valuation: Land $4,277,100 Improvements $ 0 Total $4,277,100 • t. Please feel free to contact me if you have any additional questions. Thank you. S. rely, • Jerald A. Riibe. Ed.D. . Superintendent, Ralston Public Schools UrL[Okchtt/66,,,- A-al eder vir C-1/2. a�fors oF�e�n�olo osts were insurmountable. Throughout that time PJ Morgan Company reached out to Menards and the City of Omaha about the availability of TIF funds and if the TIF funds are made available and the Project is completed, the City of Omaha will realize approximately $500,000 per year of additional sales tax. In order to off-set the substantial engineering and site costs, it is necessary to have a maximum amount of TIF financing. Without the availability of TIF funds, this Project could not be completed in a feasible and cost effective manner which would produce a reasonable rate of return on Menard's investment. Without TIF financing,Menard's Plaza will not go forward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 II. NARRATIVE HISTORY This land located at the southwest corner of 72nd and L Street in Omaha (the "Project Site") has been in a steady decline and state of decay for the last fifty years. The existing Harley Davidson building and A-1 Heating and Air Conditioning buildings were demolished and a new building was constructed for Harley Davidson on the site. The current Harley Davidson building is not part of this TIF application (see Exhibit B, Site Plan, attached hereto). Over the last several years, efforts were made to raise the site out of the flood plain by bringing in substantial amounts of fill dirt. Menards has found substantial engineering and soil remediation and elevation costs necessary to make the Project Site viable for development to be cost prohibitive. Further, there was some doubt as to whether the demographics were favorable for a Menards on the Project Site In 2010, Menards was encouraged by the PJ Morgan Real Estate Company to re-study the Project Site for development. Further, the PJ Morgan Real Estate Company met with the City of Ralston and Omaha officials in an effort to determine whether the Project Site would qualify for tax increment financing. DETAILED PROJECT PLAN With the availability of TIF funds, Menards proposes to develop a full-service Menards retail location with complimentary office and retail development on the outlots. The approval of Tax Increment Financing of approximately $2,000,000 as a portion of the over $19,000,000, total Project cost will make this Project possible. TIF funds of$2,000,000 will be expended on acquisition and eligible site-specific costs. The TIF will be retired over 15 years including two (2) years of interest only payments. The excess ad valorem taxes from this Project will be computed from the base tax value assessed on this site for the year prior to the passage of this Redevelopment Plan. OWNERSHIP STRUCTURE The Project would be 100% owned and controlled by Menards Inc. which is qualified to do business in the State of Nebraska. 3 rward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 LAND USE—ZONING—PARKING The completed conversion will provide a new location for Menard's and complimentary office and retail development on the outlots. The property has been rezoned and platted to accommodate the Project. The existing zoning of MU and MU-FF along with the proposed commercial uses will be in compliance with the Master Plan and zoning requirements. The new buildings will provide sufficient parking spaces for Menards, customers and invitees. BLIGHT AND SUBSTANDARD CONDITIONS The Project Site is located at 72nd and L Streets, and is in the process of being designated as blighted and substantial. Based on the 2010 Census the area displays growing conditions of blight. UTILITIES AND TRANSPORTATION The Project site is served by gas, water and electric utilities and sewer. The developer will be responsible for any new utility leads onto the site. Metro Area Transit serves this site with cross town routes. 4 Company to re-study the Project Site for development. Further, the PJ Morgan Real Estate Company met with the City of Ralston and Omaha officials in an effort to determine whether the Project Site would qualify for tax increment financing. DETAILED PROJECT PLAN With the availability of TIF funds, Menards proposes to develop a full-service Menards retail location with complimentary office and retail development on the outlots. The approval of Tax Increment Financing of approximately $2,000,000 as a portion of the over $19,000,000, total Project cost will make this Project possible. TIF funds of$2,000,000 will be expended on acquisition and eligible site-specific costs. The TIF will be retired over 15 years including two (2) years of interest only payments. The excess ad valorem taxes from this Project will be computed from the base tax value assessed on this site for the year prior to the passage of this Redevelopment Plan. OWNERSHIP STRUCTURE The Project would be 100% owned and controlled by Menards Inc. which is qualified to do business in the State of Nebraska. 3 rward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 CASE: C3-12-081 13 APPLICANT: Planning Department on behalf of the City of Omaha REQUEST: Approval of a blighted and Substandard Designation LOCATION: Southwest quadrant of the intersection of 72nd and "L" Streets, "L" Street on the north and 72nd Street on the east SUBJECT AREA IS SHADED -APRIL 2012 GI__ •'# RR '.... aumparnimum .• . GI ' GI • ■ • GI-FF ■ I . L—St_______L` 7*** -Y ir •• MU lin . C-FF •� ��� •s I 6. 1 co rq UJ ■ U U . • U.a M ST ■ MU-FFI GC-FF I . `'^ 1 . Lill ■ DR-FW ■ ■ . ■ GI-FF '''''') ■ ■ ■ N 1 0 two put.. I Feet cation with complimentary office and retail development on the outlots. The approval of Tax Increment Financing of approximately $2,000,000 as a portion of the over $19,000,000, total Project cost will make this Project possible. TIF funds of$2,000,000 will be expended on acquisition and eligible site-specific costs. The TIF will be retired over 15 years including two (2) years of interest only payments. The excess ad valorem taxes from this Project will be computed from the base tax value assessed on this site for the year prior to the passage of this Redevelopment Plan. OWNERSHIP STRUCTURE The Project would be 100% owned and controlled by Menards Inc. which is qualified to do business in the State of Nebraska. 3 rward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 - CASE: C3-12-081 13 APPLICANT: Planning Department on behalf of the City of Omaha REQUEST: Approval of a blighted and Substandard Designation - LOCATION: Southwest quadrant of the intersection of 72nd and "L" Streets, "L" Street on the north and 72nd Street on the east SUBJECT AREA IS SHADED -APRIL 2012 ;....... RIB r_t N_-y`'y I • ., GI I s� cot ' ■♦A _ �� Ja Y' r , f dip; - 2.1 % y • * lI r - GI-IF M� 1�r J I) »? , J 7• AEI -5.4:le;.m . 1'--5 • V _ _ •L_St- - - • ♦ MU L C-FF•• •, ••“ ••- r \ c1475 § 1 M-St- 4, !..a •ri.;•,z,• 1 MU-FF 1 f-J G `-GFF - P µ x \__ , . - \ -a 0 , • - ■ PI:. - ♦♦ ■ •, ■ r ;;: ' :FF • • ....p1,, , ,, . A .L , . . II 0 ti00 • 1 IA 1 , . 1 Feet n of the over $19,000,000, total Project cost will make this Project possible. TIF funds of$2,000,000 will be expended on acquisition and eligible site-specific costs. The TIF will be retired over 15 years including two (2) years of interest only payments. The excess ad valorem taxes from this Project will be computed from the base tax value assessed on this site for the year prior to the passage of this Redevelopment Plan. OWNERSHIP STRUCTURE The Project would be 100% owned and controlled by Menards Inc. which is qualified to do business in the State of Nebraska. 3 rward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 V. SOURCES AND USES OF FUNDS SOURCES OF FUNDS Developer's Equity $17,000,000 Estimated TIF $ 2,000,000 Total Funds $19,000,000 TIF Eligible Expenses Hard Costs Land Acquisition $ 8,869,698 Land Improvements Common Improvements $ 560,729 Water Relocations/Extensions $ 48,265 Electric Relocations/Extensions $ 76,343 Phone/Cable Extensions $ 32,797 Demolition of Buildings $ 189,190 $ 907,324 Soft Costs Survey/Plat $ 21,850 Engineering $ 29,105 Environmental/Geotechnical $ 21,375 Architectural $ 20,471 Future Engineering/Architectural $ 25,000 117,802 • Total TIF Eligible Expenses $ 9,894,824 7 i t., 0 ' VI. CONSTRUCTION PROJECT BUDGET AND PROJECT TIMELINE BUDGET SOURCES OF FUNDS Developer's Equity $17,000,000 Estimated TIF $ 2,000,000 Total Funds $19,000,000 TIF Eligible Expenses Hard Costs Land Acquisition $ 8,869,698 Land Improvements Common Improvements $ 560,729 Water Relocations/Extensions $ 48,265 Electric Relocations/Extensions $ 76,343 Phone/Cable Extensions $ 32,797 Demolition of Buildings $ 189,190 $ 907,324 Soft Costs Survey/Plat $ 21,850 Engineering $ 29,105 Environmental/Geotechnical $ 21,375 Architectural $ 20,471 Future Engineering/Architectural $ 25,000 117,802 Total TIF Eligible Expenses $ 9,894,824 TIMELINE Contingent upon approval of the TIF request, the Developer is prepared to proceed with the Project in the spring of 2012. Project plans and specifications have been prepared and bids have been submitted for selection. If TIF is approved construction will commence as early as April, 2012 and the Project would be complete by spring of 2013. 8 , ,, . A .L , . . II 0 ti00 • 1 IA 1 , . 1 Feet n of the over $19,000,000, total Project cost will make this Project possible. TIF funds of$2,000,000 will be expended on acquisition and eligible site-specific costs. The TIF will be retired over 15 years including two (2) years of interest only payments. The excess ad valorem taxes from this Project will be computed from the base tax value assessed on this site for the year prior to the passage of this Redevelopment Plan. OWNERSHIP STRUCTURE The Project would be 100% owned and controlled by Menards Inc. which is qualified to do business in the State of Nebraska. 3 rward. 4. CRITERIA MET. a. The Project furthers the objectives of the City Comprehensive Plan. It will result in further development of unused and deteriorating land, will enhance commercial uses and add to the supply of quality commercial venues in the areas thereby increasing the tax base of the area. b. The use of TIF for the Menard's Plaza will not result in a loss of pre-existing tax revenues to the City or other taxing jurisdictions and, in fact, will add approximately $500,000 per year of additional sales tax to the City of Omaha. c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 VII. PRO FORMA,INDICATING PROJECTED COSTS AND REVENUES Store Annual Revenue: $35,000,000 9 $ 2,000,000 Total Funds $19,000,000 TIF Eligible Expenses Hard Costs Land Acquisition $ 8,869,698 Land Improvements Common Improvements $ 560,729 Water Relocations/Extensions $ 48,265 Electric Relocations/Extensions $ 76,343 Phone/Cable Extensions $ 32,797 Demolition of Buildings $ 189,190 $ 907,324 Soft Costs Survey/Plat $ 21,850 Engineering $ 29,105 Environmental/Geotechnical $ 21,375 Architectural $ 20,471 Future Engineering/Architectural $ 25,000 117,802 • Total TIF Eligible Expenses $ 9,894,824 7 i t., 0 ' i Menards-72nd Street and "L" Street Land Acquisition Costs Land $8,869,698.00 '��� Main Parcel $5,098,698.00 "Bait Shop"Parcel $550,000.00 Harley Davidson Parcels $2,500,000.00 Corner Parcel $721,000.00 Due Diligence&Design Costs Due Diligence&Destgn $117,802.17 • Survey/Plat $21,850.00 Engineering $29,105.39 t Environmental/Geotechnical $21,375.00 X Architectural $20,471.78 S+ Future Engineering/Architectural $25,000.00 Sitework Costs To Date Land Improvements $907,324.00 "Common Improvements" $560,729.00 Common Improvements include: Water Relocations/Extensions $48,265.00 v.. Access Drives Storm Sewer Electric Relocations/Extensions $76,343.00 I. Detention Pond x Sidewalks Phone/Cable Extension $32,797.00 Grading v. Turn Lane on 72nd Demolition of Buildings $189,190.00 >< • Future Store Construction&Sitework Costs Building $4,025,000.00 Other building costs include: Building Walls/Shell $720,000.00 Doors and Windows Auto Doors Structural Steel $800,000.00 Logs at Entrance/Exit Fire&Security program HVAC $185,000.00 Materials(wood,block,etc.) Testing Roof $210,000.00 , Concrete Floors Fire Sprinkler Other Building Costs $2,110,000.00 Concrete Sealer Fixtures $2,850,000.00 Materials include: Materials $1,980,000.00 Racking Plumbing Security System $75,000.00 Fasteners Paint Phone System $15,000.00 Garden Center $700,000.00 Signs $65,000.00 Sound System $15,000.00 Equipment $159,000.00 Elevators $65,000.00 Gate Arms $4,000.00 Generator $25,000.00 All Other Equipment $85,000.00 Land Improvements $2,272,000.00 Grading/Earthwork $1,250,000.00 X Sewer/Watermain/Utilities $135,000.00 '# Asphalt $470,000.00 Curb/Gutter $50,000.00 1% Fence $12,000.00 Landscaping/Retaining Wall $75,000.00 1i Parking Lot Lights $50,000.00 Traffic Light @ 72nd&"M" $150,000.00 w Monument Signage $80,000.00 Total Costs to Date: $9,869,824.17 Future Costs: $9,331,000.00 • GRAND TOTAL COST: $19,200,824.17 • c. The Project would not be economically feasible without the use of TIF. Menard's Plaza is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has been depressed for decades. Smith • Gardner • Slusky • Lazer • Pohren • Rogers LLP the provisions of this division; and in the case of contracts receiving Federal assistance, IHouse or the City may request the United States to enter into such litigation to protect the interests of the United States. Page 11 www.ihouse.com . In other words, if the City of Omaha were to decide in April of 2012 that they should replace the aging and fragile current suite of systems, the new system would not be in place until January of 2015 or possibly(likely) January of 2016. Page 6 www.ihouse.com Real estate transactions are not subject to backup withholding. • Payments you receive will be subject to backup withholding if: 1. You do not furnish your TIN to the requester,or 2. You do not certify your TIN when required(see the Part II Instructions on page 4 for details),or You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN,make the proper certifications,and report all your taxable interest and dividends on your tax return. 3. The IRS tells the requester that you furnished an incorrect TIN,or 4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only),or S. You do not certify to the requester that you are not subject to backup withholding under 4 above(for reportable interest and dividend accounts opened after 1983 only). • Penalties Failure to furnish TIN. If you fall to furnish your correct TIN to a requester,you are subject to a penalty of$50.00 for each such failure unless your failure is due to reasonable cause and not to willful neglect. Misuse of TINS.If the requester discloses or uses TINS in violation of Federal law,the requester may be subject to civil and criminal penalties. Criminal penalty for falsifying information. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment. Misuse of TINS.if the requester discloses or uses TINs in violation of Federal law,the requester may be subject to civil and criminal penalties. NOTE:If you are exempt from backup withholding,you should still complete this form to avoid possible backup withholding. Professional Service Agreement—Olsson Associates Professional Services for Keystone Trail/Nebraska Furniture Mart Pedestrian Bridge Project Page 11 of 11 c ,., 0•.,:',%54.;S Z. 00)1, I-47' 7'`,. .-6....6-. ...-6,.5.,•!.6Y7. -,, ''';' -4/***,-..":434 .' *" ';'''.::-•-:.:'''',..,.z: ••••::,,.;':- :•04, . -,,. .- ,.,0';,/,.t.i7,:••,-Si'.,"...i ..,..;:•.'•- ,6.6.-'• -.--.F...t---7 rrIF.-.-77-7-,••••. .:.• .---N__. '""1F- v•-li.. ,:.'. 1,....,:.::1'd..4: ; ,-,',/' '' •.'-4 ;*.s• z, . --,••-• - .;,.: •' I-. '• ,_44.• . • -'• litIkt.'• IS` -..-t"r.••••.:241-,-,-.4,,,,,,. 117..: . . c •17,; 'N. ....;'''!1;77:-.4***•1" N.-. s * .'- 2.; ;';•.,- i.l..r.' r..,;,57'.1 1'40*-'.... -•*.zr':;‘74%.; -* / 's•:- '1',..7.7---7--• / I..!.. • ''•.• - •-• '.**'''*tal,';-;7-'''''' 1.7U-'-'stkri:`•7--; 44",.; ..,-....',,....,-,•.-...-- ,IIN ,.... . • _ :,..1 „... ..w., 1- Alb, i=-•,.-,..i.,,,,%;•-rt -, . -,,,,,,, 1.....--,,,,.. .t,• ,,' . „., _ ::.-;?,,...,-1,.....•: • 'i,:,......,:o...;,..... . .. t, --•tf ,, '' -.......- —. -- ,, • ':". . .1 . '''4'..i..,• - "'" - -: _-_-:-------------- 1'. • a.. - , • ; 'PI . i- , , .. ' • ., ' • !,5 , , 4 . 1 ,,. 1 . : I . i- • ' '0 ' • • .• . ... - 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. 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UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . 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CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 VIII. ROI ANALYSIS—"BUT FOR" The developer estimates the total cost of the Project, including site acquisition, will equal or exceed $19,000,000, as demonstrated in the budget and pro-forma included below. The Menard's will contribute $17,000,000 to the Project. With respect to the history of this Project, it is important to note that Menards has owned this property for five years but found, after acquiring, that due to the substantial engineering and particularly soil issues, the development costs were in insurmountable. Throughout that time PJ Morgan Company reached out to Menards and the City of Omaha about the availability of TIF funds. If the TIF funds are made available and the Project is completed, the City of Omaha will realize approximately $500,000 per year of additional sales tax. In order to off-set the substantial engineering and site costs, it is necessary to have a maximum amount of TIF financing. Without the availability of TIF funds, this Project could not be completed in a feasible and cost effective manner. Without TIF funds,the Project will not go forward. • 10 U)U)U)U)UO m UO UO UO UO UD UO UO UO UD c0 OD OD UO m UO UD UO m W UO UO UO UD a0 N N N N N N N N N N N N N N N N N N N N N N N N N N N UO UO UU UD UO UO UO UO UO UO UO UO UO m UO UO UU UD UD UO UO UO UO UO UO UO r O 0 U)U)U)d)U) U)(9 U)U)U)w U)U)U)U)U)U)U)U)(A U.) . 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UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 IX. EVALUATION CRITERIA The Project meets the mandatory criteria set forth in the Tax Increment Financing Guidelines issued by the City of Omaha: MANDATORY CRITERIA: a. The Project must be located within a blighted area or an area eligible for a designation of blight as required and set forth by State Statute. The Project is being designated blighted and substandard. b. The Project must further the objectives of the City's Comprehensive Plan. The Project results in further development of unused and deteriorating spaces in buildings located in the area. The Project will enhance commercial uses, with associated parking and public improvements, increasing the tax base of the area and add to the supply of quality commercial venues in the area. c. The Use of TIF for the Project will not result in a loss of pre-existing tax revenues to the City and other taxing jurisdictions. The tax increment financing request involves only the increase in taxes resulting from the improvements proposed by the developer. Previous tax revenues will continue to be paid, as they have in the past, to the City and other taxing jurisdictions. d. The Developer is able to demonstrate that the Project would not be economically feasible without the use of Tax Increment Financing. In addition, if the Project has site alternatives, the proposal must demonstrate that it would not occur in the area without TIF. As previously indicated, the Project would not be economically feasible without the use of tax increment financing. The Project is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has deteriorated substantially in past years. Given the unique nature and location of these buildings,there are no site alternatives for the Project. 11 UO UO N m n N o r m 0 0 0 N N V N I N 00 ,010 N U)U)U)U)0 UD r N 0 r UO M , V 0 UO (O o (0 0 M V N (O N O 0 0 0 0 1 0 V) CU M UO V 0 N N UO N M I- 0 UO N UO UO N N m M UO 0 M r N m UO O V 1 .4. UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 DISCRETIONARY CRITERIA. As discussed below, the Project meets several of the discretionary criteria set forth in the tax increment financing guidelines issued by the City of Omaha and qualifies for a 15-year amortization period: a. Location. Project is located within a blighted and substandard area, which is included in the City's TIF guidelines as a qualified area for discretionary criteria. b. Conditions of Blight. The Project Site displays conditions of blight and constitutes an economic and social liability, detrimental to the area. As the Project meets two discretionary criteria, the City's TIF Guidelines permit the use of TIF for the full 15 year amortization period as permitted by the Constitution of the State of Nebraska. EMPLOYMENT INFOMRATION Permanent Jobs (FTE)to be CREATED: 45 Permanent Jobs (FTE)to be RETAINED: n/a Permanent Jobs (FTE)to be RELOCATED: 45 TOTAL: 90 Anticipated Annual Payroll: $3,000,000 Estimated number of construction jobs to be created during construction: 200 12 ues will continue to be paid, as they have in the past, to the City and other taxing jurisdictions. d. The Developer is able to demonstrate that the Project would not be economically feasible without the use of Tax Increment Financing. In addition, if the Project has site alternatives, the proposal must demonstrate that it would not occur in the area without TIF. As previously indicated, the Project would not be economically feasible without the use of tax increment financing. The Project is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has deteriorated substantially in past years. Given the unique nature and location of these buildings,there are no site alternatives for the Project. 11 UO UO N m n N o r m 0 0 0 N N V N I N 00 ,010 N U)U)U)U)0 UD r N 0 r UO M , V 0 UO (O o (0 0 M V N (O N O 0 0 0 0 1 0 V) CU M UO V 0 N N UO N M I- 0 UO N UO UO N N m M UO 0 M r N m UO O V 1 .4. UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 • X. COST BENEFIT ANALYSIS This use of Tax Increment Financing will not result in tax shifts. The current level of taxes will continue to flow to taxing entities and only added value revenues resulting from the improvements will be applied to the cost of the Project. The development will provide improvement to adjacent public sidewalks, including trees and landscaping. Menard's will be unable to accomplish this infill Project and receive an adequate rate of return on investment to make the Project financially feasible. No public infrastructure or community public service needs will arise from this Project. The site is adequately served with streets and other utilities. No significant impact on public services such as schools and public transportation is anticipated. The impact on other business. will be positive; the Project will support other recent development in the areas as well as serve for the impetus for additional onsite commercial development. This Project will positively affect other employers in the area as this Project will increase the sales tax revenue of the City of Omaha through the 72nd and L Redevelopment Plan and LB 779, The Convention Facility Financing Act, Sections 13-2601 to 13-2613. 13 ot be economically feasible without the use of Tax Increment Financing. In addition, if the Project has site alternatives, the proposal must demonstrate that it would not occur in the area without TIF. As previously indicated, the Project would not be economically feasible without the use of tax increment financing. The Project is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has deteriorated substantially in past years. Given the unique nature and location of these buildings,there are no site alternatives for the Project. 11 UO UO N m n N o r m 0 0 0 N N V N I N 00 ,010 N U)U)U)U)0 UD r N 0 r UO M , V 0 UO (O o (0 0 M V N (O N O 0 0 0 0 1 0 V) CU M UO V 0 N N UO N M I- 0 UO N UO UO N N m M UO 0 M r N m UO O V 1 .4. UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 Letter Of Good Standing Page 1 09:59:20 Fri Mar 2 •2 STATE OF NEBRASKA LETTER OF GOOD STANDING JOHN A. GALE Secretary of State Corporate Division Room 1301 State Capitol Lincoln,NE 68509 March 02, 2012 Jerry Slusky 8712 W. Dodge Road, Suite 400 Omaha,NE 68114 Dear Jerry Slusky Our records indicate that as of March 02, 2012 at 9:59 AM the corporation known as: MENARD, INC. a WI corporation,has registered with the Nebraska Secretary of State's Office and is currently in existence and good standing to do business in the State of Nebraska as of the time and date noted abo Sincerely, John A. Gale Secretary of State Information on this document provided from the records of the Nebraska Secretary of State Office through Nebraska.gov, an instrumentality of the State of Nebraska 1 t., 0 ' ri c %' . y i q 0 ,,. :.i.- gq 'If. ii i 1lli$ I i - ` i "` t I — �. i 11 I EEEa Illlii `. g Ca11t1 Z - : PG11 . E' 111 s IIIIii /41 I i Illlii 1ii 1 1 ) ililii 1 1 1 him o '' 1%i 1 1111 I E al:E_ W ,t ,, i ■tltl MINI t �_. 11 I Ellen. ,I 11/ I: 51111a :... , I RI 1iiwi i i [ iw iii g [RR r..w■ mENRee 7 i PI IN i 411111 I I IL i - 1 �_ I i .. 5 it/tit It; � U � fII.: it 1111 li 3 I _ E I ii li ? 1 i 1 it IF: ii ll 1 . I ii i i ^' I ,1 iI '� t . 1 I I 4) I 1 1 I fir, _ c .. .r" 1, -_, .7= , i 5 5,15 i E 1011 OM 1114141 i le without the use of tax increment financing. The Project is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has deteriorated substantially in past years. Given the unique nature and location of these buildings,there are no site alternatives for the Project. 11 UO UO N m n N o r m 0 0 0 N N V N I N 00 ,010 N U)U)U)U)0 UD r N 0 r UO M , V 0 UO (O o (0 0 M V N (O N O 0 0 0 0 1 0 V) CU M UO V 0 N N UO N M I- 0 UO N UO UO N N m M UO 0 M r N m UO O V 1 .4. UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 �. : Chairperson ==-Board o#-£ommissioners — — • • Douglas County LC2 Civic Center • 1819 Farnam Street • Omaha, NE 68183-0001 • • • • Chairperson Omaha Public Schools 3215 Cuming Street • Omaha, NE 68131 • • Chairperson Board of Governors • Metropolitan Community College 3000 Fort Street • Omaha, NE 68111 • • Chairperson . Board of Directors Papio Natural Resources District 8901 South 1541h Street • Omaha, NE 68138 • • President • Educational Services Unit 1 • 3215 Cuming Street • Omaha, NE 68131 • • Chairperson • Metropolitan Utilities District • • 1723 Harney Street Omaha, NE 68102 • • • Chairperson Metro Area Transit Authority 2222 Cuming Street • Omaha, NE 68102 • a • • Chairperson Omaha/Douglas Public Building Commission MAILING LIST RECEIVED '--i c- i_ RECEIVED BY . ING MADE . Lt..e-C-Z- ()ATE MAILED 6 OM 1114141 i le without the use of tax increment financing. The Project is located in an area that has experienced a recent revitalization and the associated public improvements will continue the increased aura of prosperity to an area that has deteriorated substantially in past years. Given the unique nature and location of these buildings,there are no site alternatives for the Project. 11 UO UO N m n N o r m 0 0 0 N N V N I N 00 ,010 N U)U)U)U)0 UD r N 0 r UO M , V 0 UO (O o (0 0 M V N (O N O 0 0 0 0 1 0 V) CU M UO V 0 N N UO N M I- 0 UO N UO UO N N m M UO 0 M r N m UO O V 1 .4. UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 OMAHA, N City of Omaha fAre bras a iairbrt 1 1819 Farnam—Suite LC 1 Ti® r #. Omaha, Nebraska 68183-0112 0` � Buster Brown (402) 444-5550 .o City Clerk FAX (402) 444-5263 04'i 0 FEBRI- "NOTICE TO TAXING AUTHORITY" Notice is hereby given that the Omaha City Council has set Tuesday, July 17, 2012 at 2:00 p.m. as the date of Public Hearing on the Menards, Inc Tax Increment Financing Redevelopment Project Plan. The Menards, Inc Tax Increment Financing Redevelopment Project Plan proposes the development of Menards Plaza at 72nd and "L" Streets in Census Tract 74.59 Block Group 1. The project site consists of approximately 26.39 acres and is generally bounded by "L" Street on the north, floodway and 73rd Street on the southwest, and 72na Street on the east and addressed as 4726 south 72"d Street and 7337 "L" Street. The project site is zoned Mixed-Use and Mixed-Use/Flood-Fringe. The study site consists of floodway and flood-fringe infrastructure conditions which have substantially impaired the development of the site. Tax Increment Financing in an amount up to $2,000,000.00 will be used to offset the site development costs inclusive of public improvements, renovation/rehabilitation of the site, demolition, grading and earth work, architectural and engineering fees. The estimated total cost of the project is $19,000,000.00, but is subject to change based on final construction costs. A copy of said plan is available for public inspection in the City Clerk's Office. Public Hearing will be held before the City Council of the City of Omaha, in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha, Nebraska. Buster Brown City Clerk these buildings,there are no site alternatives for the Project. 11 UO UO N m n N o r m 0 0 0 N N V N I N 00 ,010 N U)U)U)U)0 UD r N 0 r UO M , V 0 UO (O o (0 0 M V N (O N O 0 0 0 0 1 0 V) CU M UO V 0 N N UO N M I- 0 UO N UO UO N N m M UO 0 M r N m UO O V 1 .4. 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Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 = CASE: C3-12-103 7 APPLICANT: Planning Department on behalf of the City of Omaha • REQUEST: Approval of MENARD'S PLAZA TIF REDEVELOPMENT PROJECT PLAN LOCATION: 4726 South 72nd Street and 7337 "L" Street SUBJECT AREA IS SHADED - JUNE 2012 I o a i o s I O I 3© t \ `. _ i . G • I • - ';'' Gp-F5:9 I . ■ 9 t .-. __ .- _ __. ._.. _ --- I ■ \ . t 11 I II .r ■ • DR-FW • . N . ' _ 7th �R-FW . I • II o • • 800 Feet te is zoned Mixed-Use and Mixed-Use/Flood-Fringe. The study site consists of floodway and flood-fringe infrastructure conditions which have substantially impaired the development of the site. Tax Increment Financing in an amount up to $2,000,000.00 will be used to offset the site development costs inclusive of public improvements, renovation/rehabilitation of the site, demolition, grading and earth work, architectural and engineering fees. The estimated total cost of the project is $19,000,000.00, but is subject to change based on final construction costs. A copy of said plan is available for public inspection in the City Clerk's Office. Public Hearing will be held before the City Council of the City of Omaha, in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha, Nebraska. Buster Brown City Clerk these buildings,there are no site alternatives for the Project. 11 UO UO N m n N o r m 0 0 0 N N V N I N 00 ,010 N U)U)U)U)0 UD r N 0 r UO M , V 0 UO (O o (0 0 M V N (O N O 0 0 0 0 1 0 V) CU M UO V 0 N N UO N M I- 0 UO N UO UO N N m M UO 0 M r N m UO O V 1 .4. UO n m O N V N r m N V (O aD O N V (O m M N UU)O M N O 5.5 U UO UO UO r n r r n r UO UO UU UO UO m m m m m 0 0 0 0 '- ,- � 6 I U) C U)U)U)U)U)d)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)U)d)U) M `- U') p I a N N N U) U) CO 1 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m UU UO UO UO UO UO UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 C-25A CITY OF OMAHA LEGISLATIVE CHAMBER Omaha,Nebraska RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA: WHEREAS, the primary objectives of the City of Omaha's Master Plan and Community Development Program are to encourage additional private investment and infill development within the City of Omaha with emphasis on inner-city neighborhoods; and to eliminate conditions which are detrimental to public health, safety and welfare, by developing vacant, underutilized property within City; and, WHEREAS, this request is for the approval of the Tax Increment Financing Community Redevelopment Project Plan proposal for the development of Menards Plaza located at 72nd & "L" in Census Tract 74.59 Block Group 1. The project site consists of approximately 26.39-acres and is generally bounded by"L" Street on the north, floodway and 73rd Street on the southwest, and 72nd Street on the east. (see Exhibit"A" for complete legal description); and; WHEREAS, the Menards, Inc/Menards Plaza Tax Increment Financing (TIF) Redevelopment Project Plan for the redevelopment of the 26.39-acre project site was approved by the City of Omaha Planning Board at their June 6, 2012 meeting, and was previously approved by the TIF Committee; and, WHEREAS, the Menards, Inc / Menards Plaza Tax Increment Financing (TIF) Redevelopment Project Plan proposes the approval of the project which will authorize the use of $2,000,000.00 in Tax Increment Financing (TIF) to cover some of the estimated total project development cost of $19,200,000.00 and encourage redevelopment and private re-investment in the area. The approval of this request will provide some of the funding to be used to finance Sewer/Water Main/Utilities, Traffic Signalization and the very extensive site development cost as described in Exhibit "B", attached hereto and herein incorporated by reference; and, WHEREAS, this Resolution seeks approval of Menards, Inc/Menards Plaza Tax Increment Financing Redevelopment Project Plan recommending the City's participation through the allocation of Tax Increment Financing (TIF) in an amount up to $2,000,000.00 to offset the costs of; and, WHEREAS, the Plan presents a project based on estimated figures and projections that are subject to change as project costs are finalized, and is required to comply with all Planning Department requirements and Planning Board recommendations; and, By Councilmember Adopted City Clerk Approved Mayor UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 c-zsa CI l Y OF OMAHA LEGISLATIVE CHAMBER Omaha,Nebraska WHEREAS, Section 18-2108 of the Nebraska Revised Statutes requires the City of Omaha to adopt a redevelopment plan before taking an active part in a redevelopment project; including the division of ad valorem taxes for a period not to exceed fifteen years under Sections 18-2147 through 18-2150, Revised Statutes of Nebraska; and, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA: THAT, the attached Menards, Inc / Menards Plaza Tax Increment Financing Redevelopment Project Plan containing approximately 26.39-acres generally bounded by "L" Street on the north, floodway and 73rd Street on the southwest, and 72nd Street on the east that authorizes the City's participation through the allocation of Tax Increment Financing in an amount up to $2,000,000.00 to offset the costs of site development and Other Public Improvements as may arise within the project plan area, and all of which comprise the sole use of TIF; containing a provision for the division of ad valorem taxes under Section 18-2147 through 18-2150, Revised Statutes of Nebraska, as recommended by the City Planning Department, be and hereby is approved. APPROVED AS TO FORM: ASSISTANT CITY ATTORNEY DATE dlhightowerl 716-res • By 4269.7144 u cilmember Adopted JUL 1 7 2012 rk • Appr<42/1,07,14/4 ACTING Mayor estimated total project development cost of $19,200,000.00 and encourage redevelopment and private re-investment in the area. The approval of this request will provide some of the funding to be used to finance Sewer/Water Main/Utilities, Traffic Signalization and the very extensive site development cost as described in Exhibit "B", attached hereto and herein incorporated by reference; and, WHEREAS, this Resolution seeks approval of Menards, Inc/Menards Plaza Tax Increment Financing Redevelopment Project Plan recommending the City's participation through the allocation of Tax Increment Financing (TIF) in an amount up to $2,000,000.00 to offset the costs of; and, WHEREAS, the Plan presents a project based on estimated figures and projections that are subject to change as project costs are finalized, and is required to comply with all Planning Department requirements and Planning Board recommendations; and, By Councilmember Adopted City Clerk Approved Mayor UO ) UO UO UO m UO UO UD UO UU) UO UO UO UO UO UO UO UO V N 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N LJ OUOOOOUOOOOUOWOOOO000mMWO0 N6a to- r..O O .CC a a O • U) o E a E N a �Ce C O O O 0 N N N N N N N N N N N N N N N N N N N N N N N N N N O C C U) C O o o L• I � 6 m a dU I rn.am o m O U-1 0 0 0 0 v v v v v v v v v v v v v v v v .7 v v v v v v v v v N UO UO (A ) UO UD UO UO Up UO UO UO UO UO UO UO UD UO UJ UD UO UU UO UO UU UO U) V V V V V V V V V V V V V V V V V V V V V V V V V V o m m m m m m m m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 CD '' V) o -I flcl Tpv\ 0c o � � 0 °' = o no- ,4 'J C N q 0 CD 5- 5 a.do O o co ( a fl.. 5.. O . (° 5 C 30 f ‘52 o. o o cD w, o o �., it M - n a✓ oo \Q N o r- r, rn < � 5 5 „I'. o. 0o °. � � � ''0 A,\- . CD (---) t,-.)• A) „, cn .ci, . r . . . . ,...., . . , \ . \A . .. ..•(\ , • • N d date noted abo Sincerely, John A. Gale Secretary of State Information on this document provided from the records of the Nebraska Secretary of State Office through Nebraska.gov, an instrumentality of the State of Nebraska 1 t., 0 ' 7 "NOTICE TO PUBLIC" THE DAILY RECORD NOTICE OF PUBLIC HEARING ON THE MENARDS,INC TAX INCREMENT OF OMwT TT FINANCING REDEVELOPMENT � PROJECT PLAN • Notice is hereby given that the Omaha LYNDA K. HENNINGSEN,Publisher - City Council has set Tuesday, July 17, 2012 at 2:00 p.m. as the date of Public PROOF OF PUBLICATION Hearing on the Menards, Inc Tax Increment Financing Redevelopment Project Plan. The Menards, Inc Tax Increment UNITED STATES OF AMERICA, Financing Redevelopment Project Plan proposes the development of Menards Plaza The State of Nebraska, at 72"d and"L"Streets in Census Tract 74.59 District of Nebraska, SS. Block Group 1. The project site consists of approximately 26.39 acres and is generally County of Douglas, bounded by"L"Street on the north,floodway Cityof Omaha, and 73rd Street on the southwest, and 72nd Street on the east and addressed as 4726 South 72"d Street and 7337"L"Street. The J.BOYD project site is zoned Mixed-Use and Mixed- Use/Flood-Fringe. The study site consists of floodway and flood-fringe infrastructure being duly sworn,deposes and says that she is conditions which have substantially impaired the development of the site. Tax Increment LEGAL EDITOR Financing in an amount up to$2,000,000.00 will be used to offset the site development of THE DAILY RECORD, of Omaha, a legal newspaper, printed and costs indusive of public improvements, renovation/rehabilitation of the site, published daily in the English language, having a bona tide paid demolition, grading and earth work, circulation in Douglas County in excess of 300 copies, printed in architectural and engineering fees. The estimated total cost of the project is Omaha,in said County of Douglas,for more than fifty-two weeks last basedo n final construction, butis subject to change past; that theprinted notice hereto attached was published in THE based on costs. p � A copy of said plan is available for public DAILY RECORD,of Omaha,on inspection in the City Clerk's Office. Public Hearing will be held before the City June 21 and 28, 2012 Council of the City of Omaha, Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street,Omaha,Nebraska. BUSTER BROWN, City Clerk ALL REQUESTS FOR SIGN LANGUAGE INTERPRETERS(SIGNERS)WILL REQUIRE A That said Newspaper duringthat time was re: 1 published and MINIMUM OF 48 HOURS ADVANCE NOTICE. .- % 4 •y IF ALTERNATIVE FORMATS ARE NEEDED, in.general 6ircu4a>ii in the County of Douglas,an s+ if Nebraska. ALL REQUESTS WILL REQUIRE A MINIMUM •• OF 72 HOURS ADVANCE NOTICE. -' P���NERA< ;'P PLEASE NOTIFY CINDY FORD THINNES- �,: • MADE IF ARRANGEMENTS NEED TO BE NOTARY .•. Subscribed in my pre. .ce and sworn to .: o h6 218Q8 12 Ililislitt?"� SION$ me this 28th da of • EXPIRES ; ddh)onal Copies $ June 2I 12 �T"1 F p 6�� Notary Public i or o :1:: Coun y, St Nebraska m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . N O N m O J Z F > C E M N a r N C t ) . C N c F > _ d a© 0 o o 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 G 0 U E 11, . .4000 • o a E o I m F' E v a? Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. CO CO O 1 ' .... * 1 .._.. . .. . _. .. ._.. .. ...._ , .. ' I, • — •- --• -- -----•------ __. .. ... . • .. - 1 . . 1.- . ... ...j .. .... .._...... ._. __ _ _ ____ .! • . . •-• - •-•- ... -,-•-,,,,-._•••••-,.-77.- __ - • ';''',64.-.' :'.' ;-.•.4...F..;.:',; (.; '--..., • , ': '7•„, 1:114•i:_-;:;',7-,':_.•i'-''.t+;•,i:,.:`,-;•41,.7x:::1.1..• .. z,v,i:,:,, L ' . 1 / "NOTICE TO PUBLIC" NOTICE OF PUBLIC HEARING ON THE Proof of publication MENARDS,INC TAX INCREMENT FINANCING REDEVELOPMENT PROJECT PLAN Notice is hereby given that the Omaha City AFFIDAVIT Council has set Tuesday,July 17,2012 at 2:00 p.m. as the date of Public Hearing on the Menards,Inc Tax Increment Financing Redevel- opment Project Plan. The Menards,Inc Tax Increment FinancingRe- State of Nebraska, County of Douglas ss: development Project Plan proposes the Bvel- > opment of Menards Plaza at 72nd and "L" Streets in Census Tract 74.59 Block Group 1. y 23acestecgelyondeibatL69randisneralbudy " Tracy Thompson,being duly sworn,deposes and says that he/she is an employee Street on the north,floodway and 73rd Street on and addressed ed as 4726 and 72nd southt72nd t on the et and of The Omaha World-Herald, a legal daily newspaper printed and published in 7337 "L" Street. The projectj site is zoned Mixed-Use site and nsist Mixed-Use/Flood-Fringe. fioodwayF anngd flood- the county of Douglas and State of Nebraska, and of general circulation in the fringe infrastructure conditions which have sites Tax1ncre impaired Financing in an amounttup Counties of Douglas, and Sarpy and State of Nebraska, and that the attached to$2 000,000.00 will be used to offset the site development p renovation/rehabilitati public t improve- ments, i printed notice was published two consecutive weeks in the said newspaper the demolition,grading and earth work architec- tural and engineering fees. The estimated to- tal cost of the project is$19000000.00 but is first insertion having been on June 21,2012 and thereafter on June 28,2012,and subject to change based on final construction costs. that said newspaper is a legal newspaper under the statutes of the State of A copy of said plan is available for public in- spection in the City Clerk's Office. Nebraska. The above facts are within my personal knowledge. The Omaha Public Hearing will be held before the City Council of the ityofOmaha/Douglas Omaha,in the Legislative gisl Live World-Herald has an average circulation of 145,620 Daily and 179,203 Sunday, Farnam Street,Omaha,Nebraska. Buster Brown in 2012. City Clerk ALL REQUESTS FOR SIGN LANGUAGE INTERPRETERS(SIGNERS)WILL REQUIRE A MINIMUM OF 48 HOURS ADVANCE NOTICE. IF ALTERNATIVE FORMATS ARE NEEDED ./ ALL REQUESTS 72 WILL REQUIRE A OT CE.MINIMUM (Signed) ) IJA �y ' 0 72 HOURS ADVANCE NOTICE. Sl ed v IVWi t(f/ Title:Account Executive PLEASE NOTIFY CINDY FORD THINNES 444-5553, IF ARRANGEMENTS NEED TO BE MADE. /� Subscribed in my presence and sworn to before me this a% 5 day of .k-64'1 .e. ,2012. ..,') ik GENERAL NOTARY-State of Nebraska MARCIA A.GUSTAFSON Notary Public c MY Comm.Exp.June 30,2012 'Printer's Fee$ Affidavit Paid By SION$ me this 28th da of • EXPIRES ; ddh)onal Copies $ June 2I 12 �T"1 F p 6�� Notary Public i or o :1:: Coun y, St Nebraska m m m m m m m m m m m m m m m m m m m 0 x C O I- N > (v) N U) ) UO UO UO UO UO UO UO UO UO UU UO UO UO UO UO UO UO UO UO UD UO w UO UO UO UO UO UO UO m 0 m m m m m 0 m m m m m 0 m m 0 m m m m m 0 m m m m m m m r n r r n r r n r r n r r r r r r r n r r n r r r r n r r r X r r r r r r r r r r r r n r r n r r r r r r r r r r r r r r (U N 1 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N No E a) N E -_ m U) 7 m F 3 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .0 Un N y cli 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 O 0 0 0 0 O 0 0 0 O J Luc , 00000000000000000000000000 r/ 3 p U O N N N N N N N N N N N N N N N N N N N N N N N N N N O)'- 'O N. r r n r n n r n r r r r r r r n r n n r r r r n r c c d i N Oil a N (U 00m000mm0m0m0m00m00m0mm000 N O J O U) *to r X 7 0 . 0 . 00 . 00 . 0000 . 0000 . 000 . . . 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Q Q N I O Uj y 0'N E w a . 132 I v h v U • N J N M fU c _ U E 0 0 E x c o a Ka 0 0 0 0 0 0 o o o 0 0 o o 0 0 o o 0 0 0 0 o o o 0 0 o o o o ° o m m " O o O o 0 0 o 0 0 0 0 o O 0 0 0 0 0 0 0 0 0 0 0 0 0 O. 0 c '0 `o U/) j N c O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 u) a N O n N N N N N N N N N N N N N N N N N N N N N N N N N N N lfi O O ct 0 m m Or) 0 Or) Or) Or) Or) 0r) Or) m 0r) 0 0r) 0 0r) 0n) 0r) Or) 00) Or1 00) N. 0r) Or) Or> 0r) Orf o 'm U Z ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c m Y w a > E o o U>i c c 2 r o S o O N e- N N N M N V N N N UO N r N CO UO 0) N 0 N N N N M N V UO N N U) U) O O ,- N M V N m r m m '- O '- N M '- V .- �L U) E N L N o m a C .- '- H U O) N F U) .2 0 I w U L O m a O m O 7 eL Q Z o 2 UU l0 U o 0 0 0 0 0 o O 0 O 0 0 0 O o 0 o O O o O O o 0 o O 0 0 O o O 2 0 03 (a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a o _ c d `0 (I) > () c0 (0 CO CO CO CO CO CO CO CO CO CO (0 CO CO CO CO CO CO CO CO CO CO CO CO CO CO N LL (O O a H V V V V V V V V V V V V V V V V V V V V V V V V V V Y R o OCL O W a n n n n n n n n n n n n n n n n n n n n n n n n n n c I- 2 Z N- CO CO CO 0) 0) CO 0) 00) 0) 0) 0) 0) 0) 0) 0) 0) O) 0) 0) O) 0) O) 0) O) CO 000 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO0) O) 0) 0) .L.. c > N L LCJ LL • > o U c 2 r E vo ' o O UO e- 0 N UO C) UO V UO UO UO CO UO n UO (0 UO co UO 0 to t- LC) N UO C) 0 V UO UO c E o (i Ci v 6ro n (o of o N 0-a _ coo) :E2 () (( Li_ d W I )- C) 2 - U 0 I Wo O ) U t O C aOO QZ co .. 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