Loading...
RES 2012-0133 - Ambassador Apartments LLC TIF redevelopment project plan Q coAHA,4,.6Ao,fiall I- 4 Planning Department ��'.-�•.S, ilEC Omaha/Douglas Civic Center 1t •arAr`j- ?t rm n 1819 Farnam Street,Suite 1100 tt�c" � "12 JAM 23 dN {(3= 2 n7 _� 941 Omaha,Nebraska 68183 o �A ro (402)444-5150 optrED FEBR�rI- * (x` Tclefax(402)444 6140 4 f4 MIA, f RA g i 4 R.E.Cunningham,RA,F.SAME City of Omaha Director Jim Suttle,Mayor 1 • January 31, 2012 Honorable President and Members of the City Council, The attached Resolution transmits the Ambassador Apartments, LLC Tax Increment Financing (TIF) Redevelopment Project Plan for the Ambassador Apartments, LLC redevelopment project. The project plan proposes the renovation/rehabilitation of the historic apartment building located at 111 South 49th Avenue. The Redevelopment Project Plan recommends'the City's participation in the redevelopment of this project site through the allocation of TIF in an amount up to $513,500.00 to offset the costs of acquisition, public improvements, renovation/rehabilitation, demolition, architectural and engineering fees, and a contribution to the TIF Public Improvement Fund. The estimated total project cost is $4,050,647.00, which is subject to change based on final and construction costs. Your favorable consideration of this Resolution will be appreciated. Res. _ . submitted, Referred to City Council for Consideration: le4&//a&a ___,y,14,00,2_ Cunnin , RA, F. Date Mayors Office Date Planning Dire ii % Approved: •Cd/2 0-74/5" ..- ---- /- 0-1,?, 0/ --2-j -/1-- Pam Spaccarotella Date Rob rt G. Stubbe,P. . Date Finance Director Public Works Director Notice of Publication: February 2 and February 9,2012 Public Hearing: February 28,2012 Plnlsf1643-cover letter 1 /_ d j::?�, ato,„. 18 0 / AP2/ ,��� OF NEBRAS_ Notary Public `�Nebra �!!rs °" . r r c AVM•i0.1/MVIL 34N3AV ,� ji ��1 •: H1c903ltlOtln 3B Ol .'t 3 r k. ,, d 1 '�t}CC n `3i6nVgf{�� g Fi '..F p3 'Ir 5 Y� PQrc Ju 7ypl Y t.. t. a • u 0 ua 1 ttp Z • ! • toms-909u rlmwo'amass eoue eio.era)W00fl0lI O0C MP d xarla"0osx-olo\n'%rd i 1ce a .::.f.2 I . .. ,...,,-:t:Aoc....... ..-.. ..v..a..asex...... organizations will generally require a higher subsidy than for-profit businesses. Project cash flow and rate of return will also be evaluated. The City of Omaha normally will not allow an excessive gain or profit to be derived from a project. The specific standard governing rate of return is the return on investment shall not exceed twenty percent (20%); except in the case of a Single-Family Rental Rehabilitation Program project with no first mortgage, the project costs have been certified by the Planning Department, rents are affordable, and operating expenses are reasonable, the maximum return on investment shall not exceed forty percent(40%). Certification: The project located , has been evaluated in accordance with the above Subsidy Layering Standards for the HOME/NSP/NAHTF Program guidelines, as approved by the Planning Director and the Housing and Community Development Manager. Contract Administration Date and Compliance Manager Revised and approved 12/4/2009 33.html . 8/31/2009 ealth is a major subdivision in the Department of Health and Human Services. (2) For Federal awards received as a subrecipient, the name of the pass-through entity and identifying number assigned by the pass-through entity shall be included. (3) Provide total Federal awards expended for each individual Federal program and the CFDA number or other identifying number when the CFDA information is not available. http://www.whitehouse.gov/omb/rewrite/circulars/a 133/print/a133.html 8/31/2009 atory, Upton, New York • Charles Stark Draper Laboratory, Incorporated, Cambridge, Massachusetts • CNA Corporation(CNAC), Alexandria,Virginia • Environmental Institute of Michigan:Ann Arbor, Michigan • Georgia Institute of Technology/Georgia Tech Applied Research Corporation/Georgia Tech Research • Institute,Atlanta, Georgia • Hanford Environmental Health Foundation, Richland, Washington http://vvww.whitehouse.gov/omb/rewrite/circulars/a122/6.122 2004.html 8/31/2009 e.gov/omb/rewrite/circulars/a122/a122 2004.html 8/31/2009 s been adjudicated to be invalid. or has been administratively determined to be http://www.whitehouse.gov/omb/rewrite/circulars/al 22/a122_2004.html 8/31/2009 prolong their intended life shall be treated as capital expenditures (see paragraph 15). • 28. Materials and supplies costs. • a. Costs incurred for materials. suonlies. and fabricated Harts necessary to carry out a Federal award are • http://www.whitehouse.gov/omb/rewrite/circulars/a 122/a 122_2004.html 8/31/2009 2004.html 8/31/2009 c) Depreciation or use allowances on buildings, capital improvements and equipment related space (e.g., individual rooms, and laboratories) used jointly by more than one function(as determined by the L.� a���a..J • • . http://www.whitehouse.gov/omb/rewrite/circulars/a122/a122_2004.html 8/31/2009 n activities through . special assessments against properties within . the district's boundaries and for any other purpose allowed by law as hereinafter more specifically described. BUSTER BROWN, City Clerk . • 2-2-12 • Ai . i/V#I bir k2 • j r- —I t L • — 6 carmen tom. sau � 0° - 6om;r --- 4 ,3 --\ -v .11 Hi a i 1 • j m"`"`""" I 1 11 k 0. i �. :=V i 1 lips O Z %P i m Y.� I` . ` • _1"-- - \� � • J \gi 6� II q illy o i $ a I L_ G2 .mmt _ * g ..,. -41 ; E I _ }iiI i ----- . 0 w mom �_ 1 1 Il 1e P• go to §� 21@ Fig i d E g 111111 1 1 f b gi 1 1 b 1 9 $ : ell I a if g it 0 g 1 1 0 ire n g 5 /1F � � g g. E so1. s ;2 —2 'I— m. - i $ 1 aisRitg0 E gil ; fl d J H 1 1iJflhJ. ME g 0 Til: 0 qt RI 61 4 1 , g 15=41.00 ;5 h u g it l 1. ,?.. ,„ . ,,. i p i - 1 1 I It - �n., 5 . 8 It III 1111 ! 1 gig. yy lIPiD ‘‘:,',. .,.:0 :, i gl P 11 I /ill! 0 § E. -,. :; Li ' ,,, ili by g�' PS�,Q • 'i :�r h l A 1 VgiB O4mcm,! Hill ® e;;a E&A CONSULTING GROUP,INC. _ ENGINEERING•PLANNING•FIELD SERVICES. F g ALTAIACSM THE AMBASSADOR 5 LAND TITLE SURVEY °01%"1SC01M1''....."" 8 i WO NAM WM UAW OW.,NE WIN vxANION W10o FM Im019.10 . tl .a._�+4 wmrsupmnr xwcnv nmii icr•w}ammMraNnuu.rFpbM+.wmp 2 and February 9,2012 Public Hearing: February 28,2012 Plnlsf1643-cover letter 1 /_ d j::?�, ato,„. 18 0 / AP2/ ,��� OF NEBRAS_ Notary Public `�Nebra �!!rs °" . r r c AVM•i0.1/MVIL 34N3AV ,� ji ��1 •: H1c903ltlOtln 3B Ol .'t 3 r k. ,, d 1 '�t}CC n `3i6nVgf{�� g Fi '..F p3 'Ir 5 Y� PQrc Ju 7ypl Y t.. t. a • u 0 ua 1 ttp Z • ! • toms-909u rlmwo'amass eoue eio.era)W00fl0lI O0C MP d xarla"0osx-olo\n'%rd i 1ce a .::.f.2 I . .. ,...,,-:t:Aoc....... ..-.. ..v..a..asex...... organizations will generally require a higher subsidy than for-profit businesses. Project cash flow and rate of return will also be evaluated. The City of Omaha normally will not allow an excessive gain or profit to be derived from a project. The specific standard governing rate of return is the return on investment shall not exceed twenty percent (20%); except in the case of a Single-Family Rental Rehabilitation Program project with no first mortgage, the project costs have been certified by the Planning Department, rents are affordable, and operating expenses are reasonable, the maximum return on investment shall not exceed forty percent(40%). Certification: The project located , has been evaluated in accordance with the above Subsidy Layering Standards for the HOME/NSP/NAHTF Program guidelines, as approved by the Planning Director and the Housing and Community Development Manager. Contract Administration Date and Compliance Manager Revised and approved 12/4/2009 33.html . 8/31/2009 ealth is a major subdivision in the Department of Health and Human Services. (2) For Federal awards received as a subrecipient, the name of the pass-through entity and identifying number assigned by the pass-through entity shall be included. (3) Provide total Federal awards expended for each individual Federal program and the CFDA number or other identifying number when the CFDA information is not available. http://www.whitehouse.gov/omb/rewrite/circulars/a 133/print/a133.html 8/31/2009 atory, Upton, New York • Charles Stark Draper Laboratory, Incorporated, Cambridge, Massachusetts • CNA Corporation(CNAC), Alexandria,Virginia • Environmental Institute of Michigan:Ann Arbor, Michigan • Georgia Institute of Technology/Georgia Tech Applied Research Corporation/Georgia Tech Research • Institute,Atlanta, Georgia • Hanford Environmental Health Foundation, Richland, Washington http://vvww.whitehouse.gov/omb/rewrite/circulars/a122/6.122 2004.html 8/31/2009 e.gov/omb/rewrite/circulars/a122/a122 2004.html 8/31/2009 s been adjudicated to be invalid. or has been administratively determined to be http://www.whitehouse.gov/omb/rewrite/circulars/al 22/a122_2004.html 8/31/2009 prolong their intended life shall be treated as capital expenditures (see paragraph 15). • 28. Materials and supplies costs. • a. Costs incurred for materials. suonlies. and fabricated Harts necessary to carry out a Federal award are • http://www.whitehouse.gov/omb/rewrite/circulars/a 122/a 122_2004.html 8/31/2009 2004.html 8/31/2009 c) Depreciation or use allowances on buildings, capital improvements and equipment related space (e.g., individual rooms, and laboratories) used jointly by more than one function(as determined by the L.� a���a..J • • . http://www.whitehouse.gov/omb/rewrite/circulars/a122/a122_2004.html 8/31/2009 n activities through . special assessments against properties within . the district's boundaries and for any other purpose allowed by law as hereinafter more specifically described. BUSTER BROWN, City Clerk . • 2-2-12 • EXHIBIT "B" AMBASSADOR APARTMENTS, LLC TIF REDEVELOPMENT PROJECT PLAN 109 & 111 SOUTH 49TH AVENUE FEBRARY 2012 C PLANNING•OMAHA 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 C7 'r v)' v CD Nh i a. CC) E Pc c' N. ,, . \, „ , ‘,L (, ,, k t �' - � c p n 0 co co coccoo �, V) o sr+ O w w CD s.„ 1, 3 Reviewed and approved 3/28/2011 pment regulations. P1n2373ece CASE: C3-12-004 3 - APPLICANT: Planning Department On behalf of the City of Omaha REQUEST: Approval of the AMBASSADOR APARTMENTS, LLC TIF REDEVELOPMENT PROJECT PLAN LOCATION: 109 and 111 South 49th Avenue SUBJECT AREA IS SHADED - JANUARY 2012 • ■ . ■ ■ LRJ R4 35 • �t4 laR8 • ..I I I U . No ■ R5,35) f 7: ,.., ; R8 1.0 ■ (n , 111 ■ II - - ■�- - ft - mr .c .V c, Capitol-Ave - - z R7 C -ACI-2(50) CC-ACI-2(50) ---u ••- a i -ACI a 0) Iiiit) G ACI-2(50) GC-AM -2(50) -Dodge-St .4.ACI-2( 0)i GC-ACI-2(50) 1 GC-A 4 1-2(50) GC-ACI-2:50) • .....9.9 i• ' - ' ' - R - , .fict Piglii • IS i?' LO ■R '4 in 1 :: 1....• HMO-- Dog.las-St ., I 1N M M taeil R3 . 1 i 1 LO-PUD 6-PU ■ R3 1 .■ ■ ■ ■ ■• ■ ■ ■ ■ ., v ... . . .. Famam St I ■ I I I I R3 R3 . R3 I : § email • 0 et 600 �mm�o Fe Hill ® e;;a E&A CONSULTING GROUP,INC. _ ENGINEERING•PLANNING•FIELD SERVICES. F g ALTAIACSM THE AMBASSADOR 5 LAND TITLE SURVEY °01%"1SC01M1''....."" 8 i WO NAM WM UAW OW.,NE WIN vxANION W10o FM Im019.10 . tl .a._�+4 wmrsupmnr xwcnv nmii icr•w}ammMraNnuu.rFpbM+.wmp 2 and February 9,2012 Public Hearing: February 28,2012 Plnlsf1643-cover letter 1 /_ d j::?�, ato,„. 18 0 / AP2/ ,��� OF NEBRAS_ Notary Public `�Nebra �!!rs °" . r r c AVM•i0.1/MVIL 34N3AV ,� ji ��1 •: H1c903ltlOtln 3B Ol .'t 3 r k. ,, d 1 '�t}CC n `3i6nVgf{�� g Fi '..F p3 'Ir 5 Y� PQrc Ju 7ypl Y t.. t. a • u 0 ua 1 ttp Z • ! • toms-909u rlmwo'amass eoue eio.era)W00fl0lI O0C MP d xarla"0osx-olo\n'%rd i 1ce a .::.f.2 I . .. ,...,,-:t:Aoc....... ..-.. ..v..a..asex...... organizations will generally require a higher subsidy than for-profit businesses. Project cash flow and rate of return will also be evaluated. The City of Omaha normally will not allow an excessive gain or profit to be derived from a project. The specific standard governing rate of return is the return on investment shall not exceed twenty percent (20%); except in the case of a Single-Family Rental Rehabilitation Program project with no first mortgage, the project costs have been certified by the Planning Department, rents are affordable, and operating expenses are reasonable, the maximum return on investment shall not exceed forty percent(40%). Certification: The project located , has been evaluated in accordance with the above Subsidy Layering Standards for the HOME/NSP/NAHTF Program guidelines, as approved by the Planning Director and the Housing and Community Development Manager. Contract Administration Date and Compliance Manager Revised and approved 12/4/2009 33.html . 8/31/2009 ealth is a major subdivision in the Department of Health and Human Services. (2) For Federal awards received as a subrecipient, the name of the pass-through entity and identifying number assigned by the pass-through entity shall be included. (3) Provide total Federal awards expended for each individual Federal program and the CFDA number or other identifying number when the CFDA information is not available. http://www.whitehouse.gov/omb/rewrite/circulars/a 133/print/a133.html 8/31/2009 atory, Upton, New York • Charles Stark Draper Laboratory, Incorporated, Cambridge, Massachusetts • CNA Corporation(CNAC), Alexandria,Virginia • Environmental Institute of Michigan:Ann Arbor, Michigan • Georgia Institute of Technology/Georgia Tech Applied Research Corporation/Georgia Tech Research • Institute,Atlanta, Georgia • Hanford Environmental Health Foundation, Richland, Washington http://vvww.whitehouse.gov/omb/rewrite/circulars/a122/6.122 2004.html 8/31/2009 e.gov/omb/rewrite/circulars/a122/a122 2004.html 8/31/2009 s been adjudicated to be invalid. or has been administratively determined to be http://www.whitehouse.gov/omb/rewrite/circulars/al 22/a122_2004.html 8/31/2009 prolong their intended life shall be treated as capital expenditures (see paragraph 15). • 28. Materials and supplies costs. • a. Costs incurred for materials. suonlies. and fabricated Harts necessary to carry out a Federal award are • http://www.whitehouse.gov/omb/rewrite/circulars/a 122/a 122_2004.html 8/31/2009 2004.html 8/31/2009 c) Depreciation or use allowances on buildings, capital improvements and equipment related space (e.g., individual rooms, and laboratories) used jointly by more than one function(as determined by the L.� a���a..J • • . http://www.whitehouse.gov/omb/rewrite/circulars/a122/a122_2004.html 8/31/2009 n activities through . special assessments against properties within . the district's boundaries and for any other purpose allowed by law as hereinafter more specifically described. BUSTER BROWN, City Clerk . • 2-2-12 INTER-OFFICE COMMUNICATION Date: November 22, 2011 To: TIF Committee: Rick Cunningham, Pam Spaccarotella,AL Herink, Paul Kratz, Robert Stubbe,Todd Pfitzer, Gail Braun, David Dover From: Kenneth Johnson/Bridget A. Hadley-City Planning Applicant: AMBASSADOR APARTMENTS, LLC Location: 109 & 111 S 49th Avenue Proiect: The Ambassador is the hallmark of a bygone era in a city that, while continuing to thrive and develop,. has lost track of its most important Art Deco era apartment building. The building was, likely,the finest apartment building in Omaha at the time it was constructed and is truly superior Art Deco era structure. Most notable are the all tile entryways and stairs as well as the fantastic and original all tile bathrooms. The unit interiors were highlighted by high quality finishes featuring high detail casework and millwork, parquet floors, barreled ceilings, beautiful fireplaces,true divided light interior doors, and an abundance of built-ins. The original floor plans were generally excellent with the only major design modification being made is to open the kitchens into the dining rooms for a more modern feel. The original window and cross ventilation schemes make the spaces eminently livable by any standard. The to-be employed finish scheme is condominium grade in keeping with the timbre of the original design intent and will allow the project to maintain value long term and be converted to condominiums at a later date. All in all,the Ambassador is a case study demonstrating the worth and viability of durable, high quality design. It is literally irreplaceable and,certain,the last of a breed.The building does require substantial work to replace and/or upgrade the elevator, plumbing, electrical and HVAC systems. Also,the building's brick exterior and red tile roof require some tuck pointing,flashing and cornice work. The project plan also includes landscaping of the entire project site.Th 'building will have twenty(20) apartment units and twenty(20) dedicated off-street parking spaces. This application requests the approval up t($513,500.00 in Tax Increment Financing to support the development of the Ambassador Apartments, L':G44,050;647.00 redevelopment project that will create an incremental increase in assessed property value of approximately$3,483,453.00. The specific project site for the residential project and associated parking is currently zoned R7 Medium-Density Multiple- Family Residential and no zoning changes are recommended. The TIF request can be used to offset the costs of acquisition, site work, demolition, architectural, engineering, surveying, $3,500.00 in TIF fees and a $15,000.00 contribution for the TIF public improvement fund. The project will be required to comply with all Planning Department and Planning Board recommendations. allow an excessive gain or profit to be derived from a project. The specific standard governing rate of return is the return on investment shall not exceed twenty percent (20%); except in the case of a Single-Family Rental Rehabilitation Program project with no first mortgage, the project costs have been certified by the Planning Department, rents are affordable, and operating expenses are reasonable, the maximum return on investment shall not exceed forty percent(40%). Certification: The project located , has been evaluated in accordance with the above Subsidy Layering Standards for the HOME/NSP/NAHTF Program guidelines, as approved by the Planning Director and the Housing and Community Development Manager. Contract Administration Date and Compliance Manager Revised and approved 12/4/2009 33.html . 8/31/2009 ealth is a major subdivision in the Department of Health and Human Services. (2) For Federal awards received as a subrecipient, the name of the pass-through entity and identifying number assigned by the pass-through entity shall be included. (3) Provide total Federal awards expended for each individual Federal program and the CFDA number or other identifying number when the CFDA information is not available. http://www.whitehouse.gov/omb/rewrite/circulars/a 133/print/a133.html 8/31/2009 atory, Upton, New York • Charles Stark Draper Laboratory, Incorporated, Cambridge, Massachusetts • CNA Corporation(CNAC), Alexandria,Virginia • Environmental Institute of Michigan:Ann Arbor, Michigan • Georgia Institute of Technology/Georgia Tech Applied Research Corporation/Georgia Tech Research • Institute,Atlanta, Georgia • Hanford Environmental Health Foundation, Richland, Washington http://vvww.whitehouse.gov/omb/rewrite/circulars/a122/6.122 2004.html 8/31/2009 e.gov/omb/rewrite/circulars/a122/a122 2004.html 8/31/2009 s been adjudicated to be invalid. or has been administratively determined to be http://www.whitehouse.gov/omb/rewrite/circulars/al 22/a122_2004.html 8/31/2009 prolong their intended life shall be treated as capital expenditures (see paragraph 15). • 28. Materials and supplies costs. • a. Costs incurred for materials. suonlies. and fabricated Harts necessary to carry out a Federal award are • http://www.whitehouse.gov/omb/rewrite/circulars/a 122/a 122_2004.html 8/31/2009 2004.html 8/31/2009 c) Depreciation or use allowances on buildings, capital improvements and equipment related space (e.g., individual rooms, and laboratories) used jointly by more than one function(as determined by the L.� a���a..J • • . http://www.whitehouse.gov/omb/rewrite/circulars/a122/a122_2004.html 8/31/2009 n activities through . special assessments against properties within . the district's boundaries and for any other purpose allowed by law as hereinafter more specifically described. BUSTER BROWN, City Clerk . • 2-2-12 TIF Eligible Costs are as follows: Construction Costs $2,079,625 Acquisition $1,500,000 Architectural and Engineering $ 75,000 TIF Eligible $3,654,625 The project site and area meet the requirements of Nebraska Community Development Law and qualify for the submission of an application for the utilization of Tax Increment Financing to cover costs associated with project development as submitted for approval through the Tax Increment Financing process. The project is in compliance with the Master Plan, appropriate ordinances and development regulations of the City. Request: The approval of up to $513,500.00 in TIF at an interest rate of 5.5%. See attached TIF calculation spreadsheets. TIF Fee Schedule: $500 application fee and processing fee of$3,000 to be paid; administrative fees-$0. Total fees will be $3,500. We will request$15,000 of the TIF for off-site public improvements. • Recommendation:Approval ATTACHMENTS TIF Application TIF Calculation Spreadsheet xcellent with the only major design modification being made is to open the kitchens into the dining rooms for a more modern feel. The original window and cross ventilation schemes make the spaces eminently livable by any standard. The to-be employed finish scheme is condominium grade in keeping with the timbre of the original design intent and will allow the project to maintain value long term and be converted to condominiums at a later date. All in all,the Ambassador is a case study demonstrating the worth and viability of durable, high quality design. It is literally irreplaceable and,certain,the last of a breed.The building does require substantial work to replace and/or upgrade the elevator, plumbing, electrical and HVAC systems. Also,the building's brick exterior and red tile roof require some tuck pointing,flashing and cornice work. The project plan also includes landscaping of the entire project site.Th 'building will have twenty(20) apartment units and twenty(20) dedicated off-street parking spaces. This application requests the approval up t($513,500.00 in Tax Increment Financing to support the development of the Ambassador Apartments, L':G44,050;647.00 redevelopment project that will create an incremental increase in assessed property value of approximately$3,483,453.00. The specific project site for the residential project and associated parking is currently zoned R7 Medium-Density Multiple- Family Residential and no zoning changes are recommended. The TIF request can be used to offset the costs of acquisition, site work, demolition, architectural, engineering, surveying, $3,500.00 in TIF fees and a $15,000.00 contribution for the TIF public improvement fund. The project will be required to comply with all Planning Department and Planning Board recommendations. allow an excessive gain or profit to be derived from a project. The specific standard governing rate of return is the return on investment shall not exceed twenty percent (20%); except in the case of a Single-Family Rental Rehabilitation Program project with no first mortgage, the project costs have been certified by the Planning Department, rents are affordable, and operating expenses are reasonable, the maximum return on investment shall not exceed forty percent(40%). Certification: The project located , has been evaluated in accordance with the above Subsidy Layering Standards for the HOME/NSP/NAHTF Program guidelines, as approved by the Planning Director and the Housing and Community Development Manager. Contract Administration Date and Compliance Manager Revised and approved 12/4/2009 33.html . 8/31/2009 ealth is a major subdivision in the Department of Health and Human Services. (2) For Federal awards received as a subrecipient, the name of the pass-through entity and identifying number assigned by the pass-through entity shall be included. (3) Provide total Federal awards expended for each individual Federal program and the CFDA number or other identifying number when the CFDA information is not available. http://www.whitehouse.gov/omb/rewrite/circulars/a 133/print/a133.html 8/31/2009 atory, Upton, New York • Charles Stark Draper Laboratory, Incorporated, Cambridge, Massachusetts • CNA Corporation(CNAC), Alexandria,Virginia • Environmental Institute of Michigan:Ann Arbor, Michigan • Georgia Institute of Technology/Georgia Tech Applied Research Corporation/Georgia Tech Research • Institute,Atlanta, Georgia • Hanford Environmental Health Foundation, Richland, Washington http://vvww.whitehouse.gov/omb/rewrite/circulars/a122/6.122 2004.html 8/31/2009 e.gov/omb/rewrite/circulars/a122/a122 2004.html 8/31/2009 s been adjudicated to be invalid. or has been administratively determined to be http://www.whitehouse.gov/omb/rewrite/circulars/al 22/a122_2004.html 8/31/2009 prolong their intended life shall be treated as capital expenditures (see paragraph 15). • 28. Materials and supplies costs. • a. Costs incurred for materials. suonlies. and fabricated Harts necessary to carry out a Federal award are • http://www.whitehouse.gov/omb/rewrite/circulars/a 122/a 122_2004.html 8/31/2009 2004.html 8/31/2009 c) Depreciation or use allowances on buildings, capital improvements and equipment related space (e.g., individual rooms, and laboratories) used jointly by more than one function(as determined by the L.� a���a..J • • . http://www.whitehouse.gov/omb/rewrite/circulars/a122/a122_2004.html 8/31/2009 n activities through . special assessments against properties within . the district's boundaries and for any other purpose allowed by law as hereinafter more specifically described. BUSTER BROWN, City Clerk . • 2-2-12 M N-N N 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 II d 0) co n CD O) 11 y 0 M a 0O) Mr. r II 7 m Of0O U) N N eM- ate-• ate-• f0 II U N uj M y O C 0) O) CO o 64 0 C1 E V' v CO c II II 0) 0 6 fl .LL... 0) 0 0 M 0 N CO M N M M O N O M 0 0 0 O O N O) CD C0 0 0 0 0 0 0 0 0 '� 0 0 N M f0 f0 co CO V' 0 C9 N V' 0 u) M 0 V' V' CD CO W 69 09 69 69 f9 U Q) 0) OOCD0 N. M N'tt V:af) f0 V'CD 0ID u) f0 CO0 MN-N g C N m N e Oi O N af)M n V'CDCCf)a00V'CANj1flI O CO O 0 N M fO N 0 a0 u)M 0 O u)N O CD M 0I.V 0 I.M 69J MCeN to tMel669069699 V.000969 CO tO 669Cef9f96969figto a E a y U E 7 C N 0) N `‘,18N Ti 0 coQ J C a C Qa-N M V u) 0 0 0 0 C) O 0 W O O) 0) O)O) O) CO O) Of O (7) 0) O) O) O) 0) 0 0 0 0 0 0 0 69 69 69 69.0 U).0 0 N M 0 0 0 M f0 0 f0 to u) N V) 0 0 N 69 09 69 69 69 69 O t0 N N f0 N N N 0 0 0 M 0 to 0 0 CO CO f0 V) N O co co co to to co co co co co co co co co co co co co co cou) I- 69 69 69 69 CO.69 69 C9 69 69 01 69 69 69 E9 69 69 69 C9 69 .1 • _o 0000 Mn IT) f0N CON- N CD CO 0) Na- 0 CD 0) CO 000000 a' y O CO CO E9 09 I, u) N I. O N O)V' CO 0) CO CO 0 M CI u)N- I.69 Ea 69 VI 69 09 N C 10 N a- 00) N CO.0)N V'r` O) a- M UT N-CO CD 0 0 0 69 N. 0 N) fn ui V M to-N a- a- O O) co"0f)1:CO Cn V' C•i M N« V• > 0) 69 69(9 69 f9 f9 69 69 69 69 69 co N 69 f9 V)6969 f96969 C a c d 0 O O O O O N V' V' N a0 M CO N I. M O O N C) CO M(9 0 M 0 0 0 0 0 0 O 0 O 0 0) 1 ID 69 E9 69 69 CO O 0) CO f0 M V. CD N CO I. 0 N N N f0 0 00 a0 69!9 69 69(9 69 u) 0 M E9 M I CO l0 co o o N O) CD M O 00 f0 M a- O.CO.N CD N N 7 V' V' 0 1. 1 • a1 N M M V' V' ui f0 N N Cf)D) O N C°i NI ui CD C CD ui f() 1 d .0 N N N N N N N N N N N M M M M M M M M M CO CO u) N I N C 69 69 f9 f9 69 69 f9 CI)E9 69 69 19 H C9 f9 69 69 C9 F9 69 U) C 69 IIll I A I o I CL I 1 000C.CD CO 0) 0) 0 0) O) CT) CD O) O) O) O) T 0) O) 0) 0 0 0 0) 0) 0) 0 0) 0) C 0 0 Lc) u) N N f0 l0 u) u) to u)CO u) u) u) C) N Lc)N u)u) N 10 u) a) M 0 0) C u) N.N f0 N u) f0 u) )0 in u) [0 u) N Lc) h CO CO u)u) N u7 u) u) inu) C) N- NNNN1. hrh N- N I•IN 1. T.- N- N- nn NI` nn N- N J M M M M co co co co co co co co co M co co co co co co co co co co co co CD C) 0) IR LL C co N > H 69 C l0 K Q `0 7o o. E LL E d m 0 0 0 0 0) 01 CO O) O) O) 0 O O) 0) 0 0 0) 0) 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 KEPI-ALES PAGE S PRELIMINARY FINANCIAL DATA Sources of Funds Loan $ 2,615,000 Developer's Equity $ 616,897 Estimated TIF $ 495,000 Estimated HTC $ 323,750 Total Funds $ 4,050,647 Hard Costs Construction Costs* $ 2,079,625 Acquisition $ 1,500.000 $ 3,579,625 Soft Costs Architectural and Engineering $ 75,000 Financing $ 156,022* Land Soft Costs $ 25,000* Development Costs $ 215,000* 471,022 Total Expenses $ 4,050,647 Total Non-Eligible expenses $ 396,022* % TIF Eligible $ 3,654,625 *Construction Costs include,among other costs,the following amounts: • HVAC $202,755 • Electrical $183,500 • Plumbing $130,100 • Concrete/Pavement $58,281 • Site and Exterior $27,475 • Elevator $7,500 Projected Revenue: 28,000 SF (20 units) residential space @ avg. of$1.15/SF = $32,200 • CO CO f0 V) N O co co co to to co co co co co co co co co co co co co co cou) I- 69 69 69 69 CO.69 69 C9 69 69 01 69 69 69 E9 69 69 69 C9 69 .1 • _o 0000 Mn IT) f0N CON- N CD CO 0) Na- 0 CD 0) CO 000000 a' y O CO CO E9 09 I, u) N I. O N O)V' CO 0) CO CO 0 M CI u)N- I.69 Ea 69 VI 69 09 N C 10 N a- 00) N CO.0)N V'r` O) a- M UT N-CO CD 0 0 0 69 N. 0 N) fn ui V M to-N a- a- O O) co"0f)1:CO Cn V' C•i M N« V• > 0) 69 69(9 69 f9 f9 69 69 69 69 69 co N 69 f9 V)6969 f96969 C a c d 0 O O O O O N V' V' N a0 M CO N I. M O O N C) CO M(9 0 M 0 0 0 0 0 0 O 0 O 0 0) 1 ID 69 E9 69 69 CO O 0) CO f0 M V. CD N CO I. 0 N N N f0 0 00 a0 69!9 69 69(9 69 u) 0 M E9 M I CO l0 co o o N O) CD M O 00 f0 M a- O.CO.N CD N N 7 V' V' 0 1. 1 • a1 N M M V' V' ui f0 N N Cf)D) O N C°i NI ui CD C CD ui f() 1 d .0 N N N N N N N N N N N M M M M M M M M M CO CO u) N I N C 69 69 f9 f9 69 69 f9 CI)E9 69 69 19 H C9 f9 69 69 C9 F9 69 U) C 69 IIll I A I o I CL I 1 000C.CD CO 0) 0) 0 0) O) CT) CD O) O) O) O) T 0) O) 0) 0 0 0 0) 0) 0) 0 0) 0) C 0 0 Lc) u) N N f0 l0 u) u) to u)CO u) u) u) C) N Lc)N u)u) N 10 u) a) M 0 0) C u) N.N f0 N u) f0 u) )0 in u) [0 u) N Lc) h CO CO u)u) N u7 u) u) inu) C) N- NNNN1. hrh N- N I•IN 1. T.- N- N- nn NI` nn N- N J M M M M co co co co co co co co co M co co co co co co co co co co co co CD C) 0) IR LL C co N > H 69 C l0 K Q `0 7o o. E LL E d m 0 0 0 0 0) 01 CO O) O) O) 0 O O) 0) 0 0 0) 0) 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 THE AMBASSADOR 111 South 49th Avenue TAX INCREMENT FINANCING REDEVELOPMENT PLAN SEPTEMBER 2011 49TH AVENUE FEBRARY 2012 C PLANNING•OMAHA 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 C7 'r v)' v CD Nh i a. CC) E Pc c' N. ,, . \, „ , ‘,L (, ,, k t �' - � c p n 0 co co coccoo �, V) o sr+ O w w CD s.„ 1, 3 Reviewed and approved 3/28/2011 pment regulations. P1n2373ece PROJECT DESCRIPTION The Ambassador is the hallmark of a bygone era in a city that, while continuing to thrive and develop, has lost track of its most important Art Deco era apartment building. The building was, likely, the finest apartment building in Omaha at the time it was constructed and is truly superior Art Deco era structure. Most notable are the all tile entryways and stairs as well as the fantastic and original all tile bathrooms. The unit interiors were highlighted by high quality finishes featuring high detail casework and millwork, parquet floors, barreled ceilings, beautiful fireplaces, true divided light interior doors, and an abundance of built-ins. The original floor plans were generally excellent with the only major design modification being made is to open the kitchens into the dining rooms for a more modern feel. The original window and cross ventilation schemes make the spaces eminently livable by any standard. The to-be employed finish scheme is condominium grade in keeping with the timbre of the original design intent and will allow the project to maintain value long term and be converted to condominiums at a later date. All in all, the Ambassador is a case study demonstrating the worth and viability of durable, high quality design. It is literally irreplaceable and, certain,the last of a breed. The building does require substantial work to replace or upgrade the elevator, plumbing, electrical and HVAC systems. Also, the building's brick exterior and red tile roof require some tuck pointing, flashing and cornice work. The project plan also includes landscaping of the entire project site. Project Area The Ambassador is nestled amongst what is still one of Omaha's most prestigious areas, Dundee and is adjacent to the notable Dundee Theatre properties. The area is subject to an ACI overlay which protects the area's historic structures while creating a high quality development zone. Dundee is certainly one of the most affluent and desirable areas in which to live in midtown Omaha. The primary rent drivers in the area are its location near the Dundee historic business district, adjacency to the Dundee Theater properties and being sandwiched between both the University of Nebraska - Omaha and the University of Nebraska Medical Center. These factors combine with the lack of quality multifamily development sites to create a true gem. The Ambassador would entice young professionals to reside in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 area range from $1.00/SF per month to $1.50/SF per month and the developers believe an aggregate blended rate of$1.15/SF per month is the appropriate rate for this project. Unit Breakdown Apt# Unit type Sq.Ftg. Bedroom Garden Level 1 A 1162 2 2 D 937 1 8 C 958 2 9 C 958 1 First Level 3 E 1220 2 4 D 1220 2 10 E 1220 2 11 D 1250 2 15 F 1550 2 16 F 1550 2 Second 5 G 2400 4 6 D 1120 2 17 F 1550 2 18 F 1558 2 12 E 1222 2 13 G 2395 4 Third 7 D 1215 2 14 E 1200 2 19 F 1550 2 20 F 1558 2 Parking The building will have twenty (20) apartment units and twenty (20) dedicated off-street parking spaces. A diagram of the dedicated parking stalls is included in the appendix. The gross area of the building is 32,045 square feet, 28,000 square feet of which are rentable. Completion Timeline The developer estimates the project will be complete and ready for leasing by May, 2012. Development Team Alley Poyner Machietto Architecture is working as architect on this project and has reviewed all relevant design and code issues. Information on the development Team is included in the appendix. 3 s landscaping of the entire project site. Project Area The Ambassador is nestled amongst what is still one of Omaha's most prestigious areas, Dundee and is adjacent to the notable Dundee Theatre properties. The area is subject to an ACI overlay which protects the area's historic structures while creating a high quality development zone. Dundee is certainly one of the most affluent and desirable areas in which to live in midtown Omaha. The primary rent drivers in the area are its location near the Dundee historic business district, adjacency to the Dundee Theater properties and being sandwiched between both the University of Nebraska - Omaha and the University of Nebraska Medical Center. These factors combine with the lack of quality multifamily development sites to create a true gem. The Ambassador would entice young professionals to reside in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 FINANCING PLAN AND PRELIMINARY FINANCING COMMITMENT The developer estimates the total cost of the Project,including site acquisition,will equal or exceed $4,050,647, as demonstrated in the budget and pro-forma included below. The developer has had secured financing for the TIF from Dundee Bank, which is contingent upon the approval of the TIF request. A letter outlining the preliminary financing commitment is included herein. Demonstration of Need for TIF The approval of Tax Increment Financing of approximately $495,000 as a portion of the over $4,050,647 total project cost will make this project possible. Other financing includes conventional development financing in the amount of $2,615,000 and investor equity of over $600,000. TIF funds of $495,000 will be expended on acquisition and eligible site- specific costs. The TIF will be retired over 15 years. 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. Without approval of TIF funds, this project could not be completed in a feasible and cost effective manner. TIF, blended with investor equity, forms the critical basis for the remaining loan to be economically feasible. Without TIF funds, the project would require more funds than are currently available to complete and the private equity investors would not realize a return commensurate with the overall risk involved. The project is not feasible without tax increment financing because without TIF there would either be insufficient funds to complete the Project or an inadequate return on invested equity. With TIF Without TIF Total Project Costs $ 4,050,647 $ 4,050,647 Project Funding Loan $2,615,000 $2,615,000 Required Investor Equity $ 616,897 $1,074,997 Other (TIF and HTC) $ 818.750 $ 323.750 $4,050,647 $4,050,647 Project Cash Flow (after debt service): $37,630 Cash on Cash Return: 6.1% 3.5% However, if TIF funds are approved and used in conjunction with equity investment and bank financing, there would be funds available sufficient to cover the necessary debt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 PRELIMINARY FINANCIAL DATA Sources of Funds Loan $ 2,615,000 Developer's Equity $ 616,897 Estimated TIF $ 495,000 Estimated HTC $ 323.750 Total Funds $4,050,647 Hard Costs Construction Costs* $ 2,079,625 Contingency $ 171,172* Acquisition $ 1.500.000 $ 3,750,797 Soft Costs Architectural and Engineering $ 75,000 Financing $ 156,022* Land Soft Costs $ 25,000* Development Costs $ 215.000* 471,022 Total Expenses $ 4,050,647 Total Non-Eligible expenses $ 567,194* TIF Eligible $ 3,483,453 *Construction Costs include,among other costs,the following amounts: • HVAC $202,755 • Electrical $183,500 •. Plumbing $130,100 • Concrete/Pavement $58,281 • Site and Exterior $27,475 • Elevator $7,500 Projected Revenue: 28,000 SF (20 units) residential space @ avg. of$1.15/SF = $32,200 • 5 forms the critical basis for the remaining loan to be economically feasible. Without TIF funds, the project would require more funds than are currently available to complete and the private equity investors would not realize a return commensurate with the overall risk involved. The project is not feasible without tax increment financing because without TIF there would either be insufficient funds to complete the Project or an inadequate return on invested equity. With TIF Without TIF Total Project Costs $ 4,050,647 $ 4,050,647 Project Funding Loan $2,615,000 $2,615,000 Required Investor Equity $ 616,897 $1,074,997 Other (TIF and HTC) $ 818.750 $ 323.750 $4,050,647 $4,050,647 Project Cash Flow (after debt service): $37,630 Cash on Cash Return: 6.1% 3.5% However, if TIF funds are approved and used in conjunction with equity investment and bank financing, there would be funds available sufficient to cover the necessary debt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 BLIGHT AND SUBSTANDARD CONDITIONS The project site is in the Midtown area previously designated as blighted. The current building, which will be renovated, displays growing conditions of blight as an obsolete structure for contemporary uses in this revitalization area. 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. LAND USE-ZONING- PARKING The completed conversion will provide a new location for residential home ownership, within one-half block of Dodge Street. The project will not require a change of a subdivision plat or zoning. The existing zoning is in compliance with the Master Plan and zoning requirements. The new building will provide sufficient secured parking spaces for residents. 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 taxingentities and only added value revenues resulting from the to improvements will be applied to the cost of the project. The development will provide improvement to adjacent public sidewalks, including trees and landscaping. The firm receiving the tax incentive will be enabled 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 area. The street level renovations are designed to complement the historical character of Dundee, improve the landscaping and public areas. This project will positively affect other employers in the area as this condominium will increase the Midtown population and subsequent demand for goods and services in this area. 6 nds available sufficient to cover the necessary debt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 EVIDENCE THAT PROJECT MEETS 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 located in a presently designated blighted area. b. The project must further the objectives of the City's Comprehensive Plan. The Project results in further development of a deteriorating building located in Midtown Omaha. The Project will enhance residential uses, with associated parking and public improvements,increasing the tax base of Midtown and add to the supply of quality residential housing 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. Further, bank financing is contingent upon the approval of the TIF request. Without TIF, the Developer will not have sufficient funds or be able to obtain the financing to complete the Project and the building will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 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 currently 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 building site displays conditions of blight and constitute an economic and social liability, detrimental to Midtown Omaha. c. The project involves the rehabilitation of a historic property. d. The project is the start of a new business e. The project site displays a recent pattern of declining real property assessments. P As the Project meets five 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. 8 ovements 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. Further, bank financing is contingent upon the approval of the TIF request. Without TIF, the Developer will not have sufficient funds or be able to obtain the financing to complete the Project and the building will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 Floor Plans 9 111 South 49th Avenue TAX INCREMENT FINANCING REDEVELOPMENT PLAN SEPTEMBER 2011 49TH AVENUE FEBRARY 2012 C PLANNING•OMAHA 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 C7 'r v)' v CD Nh i a. CC) E Pc c' N. ,, . \, „ , ‘,L (, ,, k t �' - � c p n 0 co co coccoo �, V) o sr+ O w w CD s.„ 1, 3 Reviewed and approved 3/28/2011 pment regulations. P1n2373ece ;r IacL"1r riiii ,Ilb'� � 1I ( 4 re Iii t Imo;. , 2Er ! 11 !_ a s !t6�61 iiiL Il16l IY16t f 2 I Ca - I . I - I l - I - I - I I - I - I - I . R 11 1 l ' ti 111 2 1 gang 16iplaY i t1 � 1gIW 11 21 6 l 1 I 4 „ w R I Q6�j 8y a i 0 ii is E 11.$ sRR 1 9 il g de Li 1 til il ® 0 ®®® 00000 ® 0 0 0 000 000® ® ® ®® ® I I I I b.= I I m 7 1ilia 1 1 - XiC I oi it, _1_ _ !Null • 7 0-, d 1 O 1: v tv_ - . • . -,. ' '•I G ���.v v a Ill 1O._q � e¢ Fy ..y . rn , •IkiO 1i1 I� ��'•,'O Ib{y VIM iil t, 7 0• a 9 ' '`� :'Ile ccC+ 7 V IM I I. II ° ] • of - 5_:... 0 1• o — ® o L _ LIP 8 "E If ® � er � /� I�� I r ig a - gLi ft,. ..-R.1914tu 0 'WI:.I I p, 5, - - l el- i i I II■ Ci 1 1 I f ti 14 11 ' EA'' 0 1 0 7 ✓"1oTirl, o• e " --WV - -----—-— _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 ti .,:. !;•( !PI' k E ii-- !Eg : ' ;,,: i! I1h11I1g I . I - 1 - I - 1 - 1 - 1 - 1 - 1 - 1 - • I I . i / - e B li bIiI LILIlIg L r E i 11 1li 1 s 1 1 ! y I F fill 11 / 1 I �igi a I hill 'it 11401011 i t ; eii 1i p of is 1 .fp o Q ig 11 a1 to l'SSkysg1m 111i1 19 1 1Ii 11 I Ri § i ;1i1 i as 1* i 1 Iiii 4 19 1 F 1 i. t 1 c 1" a ' E 3 / 4 0 ® ®®® ®®® ®® ® ® ® ® ®®® ®®® ® ® ®® ® CIA" i•. L M5a j*i.1 ,-.1 i ).- -- _ ' MINI ■i •■ ► ►41 , - — jSJ ♦il w •- �. I,_: — 0 C Unl 0 — Ii _ 4.1".'..- ga. r , • y.-— 1 4p 1 1l oT CI Mt,_ =ice. ._1 . i A 1; NAT 11 11 e fA_IlRdoo I I 4 ,.1111/#_.., . 1 . 1, --_`_ .--EFO- ledI _i li.... i �__ Al MIIN ii, _ 1 - — --- '* _ •� .. _ ' --y A.1' -1 Tr _ •.Alr : - . I - I - I - I - I - I - I 1 - I - I I ' I p, 5, - - l el- i i I II■ Ci 1 1 I f ti 14 11 ' EA'' 0 1 0 7 ✓"1oTirl, o• e " --WV - -----—-— _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 o = N s3 0 i 6m.0 II1`1I1IiIII` a g01. Q oc > �� j Li1 g w I Iniiitil00I0I1 I I! %: f 8616 16 16 16 ii 3 1 . 101 1 a s 1 R 4 I ill LLt1 f I111 ! 111I !— Ii�ii 1 Oil lil z 2 1 I 1 2 k li .g , 11 5vI* 1101 El — 0,11dIi ii 12I l22 . . ,g ; ii 111gallqi di . 1 ' Eliil _ I1IifflIiJ1 Iiii 0 000 000 le o ® ® ® ®®® O®®® ® ® ®® ® ® -' �. _:: f= ;'� :fir , �` E. - �j 1ii 0 IiiIII O II ilil , ,..- __t_____...=•=., ______--44 - ..r .._ -...;. leer- 'Mill =az 1 • 51 iI ROW o,k Ail , i'l - - ear i -- i; I" _. i —— .w . EL __ = I ,- MN _ N,_ �1 _ \ - g . r _--ma y 1 i o -J cEoo U.4 9 [w.iple �I.1' > i zQ — - - I I - I - I I I - 1 - I - . i �__ Al MIIN ii, _ 1 - — --- '* _ •� .. _ ' --y A.1' -1 Tr _ •.Alr : - . I - I - I - I - I - I - I 1 - I - I I ' I p, 5, - - l el- i i I II■ Ci 1 1 I f ti 14 11 ' EA'' 0 1 0 7 ✓"1oTirl, o• e " --WV - -----—-— _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 , O c i 1'9 rini '4;k ,,‘ 1 1 Cr) gill II 11 1'1112 II 1/ I I I 0 i ni -1 8 I— I . 1 _ 1 o i _ 1 1 _ 1 _ 1 1 1 - ill li W t� QQ� E 1Hi ri140 , eE @C1a : Sai' 1£ i € RF I R ell �iti - ` E' S@G� g" 11kE' v1i1 °4 / ItRii PI � ` - 4� 4 g 9g R R R g sN8 .1 8 e p .d E[i i15pipidRI11i 12i k /q gE1pE1 1 . 14 py1 4 e11i'i _ 11111114 1 6II11.1 IIu I .. Bi 1I �iR6i1 a1ii& R> � Rd l 1i1liiill i11liifilli ill / iEt ; 111111Ra8 ' 1 oo®® ®®o ®® ® o ® ® o®® ®®®® ® ® ®® ® ICE - _ If IRII , — . 'RI a 0 ''—. /1111PAIlk — C`="3 IA _ '�'� ". — ! I��:,C �� ; :3_=MI -- ;., — 1in t o !i! ]I � G11 -o . lm- li — rta __ . i__ - � I - l �I;,iffli- __ ?e_ - �[ ter■ 'aa „' le 41,,,, - a - 0 41 TA tir Wi -- V i 0 .. J I J ti- *C re b _ - I - 1 - 1 I - 1 - I - I = I - 1 - I - , o• e " --WV - -----—-— _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 r; P I�� O c g - ri 3 � 0 < Fir I - } e i p O r� E c O g �� L ' o �/ � i++MIhh1!ii1liiiI1l1 @1 II 1 il III 1 il ki4 Hs o k 9 66�e �fi �fi PEE_ 5 „ W - I - I - I I - I - 1 1 - I - 1 - I - °�1t 1iI@1pg1R ICI 11111 IM� qy�� 1i 111i 1hI - — , / 1 11 ill 1E E1 .1� / 11 111 e 1 i Eill- / � "€ _gd g 'i " ' ' ' ' ' IIIitII! ILiIIPI ! Iib ! !i i f g ill @ F 1j i '1 ! 'Ji l w YR ' 1 111 R 1 1 10 =s_ G 1 i 4 'il iiiiiiiliiiii [3lliiiiiiiili.iiiiii QikiiiiiQ a91111 PI —,01 i i i _ - d kV! 0 � p! A _ liter: 4►� - ��► 9 . A—v — III I 0. d I� I Y , I III pith w 4 I 3,9 I— 4—ra 1 I L -'_, illW_:' v °:' p I = - _ ,,.,,,,,..., u '�_ - - - ---- -A- - --- - — + _ J DQQi 0 1 I I I 1 I IVV ' o¢ — I - I I I - I - I I = I I I I - I - 1 - 1 I - 1 - I - I = I - 1 - I - , o• e " --WV - -----—-— _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 • r <x' e a a 7i1,' {y� JJ =6 -.r 1__:;.rll;q> « SEFfi�hI IIL iiIfi! 6 F I �' • I - I I o ! - I _ 1 e I _ ! I - I s � Vi iit II111111W" , : 111a1 1 , 11I Blilii i 1 io ' gOE11 EE I 014E�F 11 �� 11i 1 1 1t R 1■`f Bit fl 14 6 L 41! ° i I ° !!Hi I Q i H I 4 3 !II { li PK11 1aIIFgliggtlglgggbigggggi gggWgg c" 1 ` Q QF Q Qe� Q ¢ @ Q Q� � @ i@ Q@ Q G Q� i 8 Q$ oi it 11 11 I p11 " 11 �l V V V VV V VVV V V V V V V VVV VVVVVVV V V V V =�f -ti'-= oao VP �i' �� 1_ i i _ i _ I L P? _ - 1►�, �s I '- • 1E -1l I,►� I `�rox! l ['-7� Q -i Q - - "I am .' • --- .. --- 5 E a� 1 E►III I i9 �- L ' 1 JII i NE i o ,i1,—.7—,____ CIA!_____ — -�1� - - - - ��_!�•'—_— � ;;►, — sue!- - _____ A'A rA ` �f_ y A' Al L !...1 2 — O - bq I a Mai I 3 M Q P I I 1 1 1 I i i i I - I = I - 1 - I - , o• e " --WV - -----—-— _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 rini "1 IIIH f4 as aI�f 11 ii 11 [ � C:, U 1':I « NO hilt �E tE ilgii - I - I' - I - I - I - I - I - I - I - I bL R� � � �� ¢ � � � � � iiit k1° 411YR al R Y e E it i F° lei ; 4 iliIjJ !J 11 /- : g °gs � ' _ 1 1 I 11 001 11 I 1 sl 11 II 1 44 R ii i i gg1 gElE 04iiii 11LL ';h . liphFi it I II � I13 1111 VI 1111 V V VVi ill VII!VVV VVV V V V V VVVVVVV V 0 0Vts ikii 0._ -m.-iiparr"- --.3 i__., i 0 O i� i v ' C—ry I " i3 it �- _ � _ © - fir,-! -� ©_ r� v. � *J I — V - UP And& - 4- *IP, iftli. -1 ,c—j,iiiiii 'm ., . __110,1:214._6r___ a 0 I —.—_ iiii.:.: ■ - , - 'llll a - _—.— _.__ .!�I�_:0.= 0 I"- _ E�I'll...-.a —E - -it --- IH' --- ._G.. -I 8 — ^ - • 1�1 A1 'W a C���� I ( .II I ' U i I I I i i i i i I - I ,. 1 I - I I - - I I = I - 1 - I - , o• e " --WV - -----—-— _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 $ 3 -'tA elk.` ; Ili M O C_ > iS 1, , of it dI(3�I II sI ii � ! o. Q nk, € u Q m i u IIII hill hilt hilt I I I .. I .. I - I o I = _I - I - I ' 1 g ; 2., i i ll'f n 1 I 1 g II 1 1 5 P hi 1, , 1 e g g t til 2 11116 1 t . § 1- v i § I i I 1 ' IhIiIIuiI1ii ii e � i liiinis 11 1 1 i° 1, ii i 11 i tililk 1 s 1 1 l' lily o 11/ 1� 1 a 11 it 1 1 1 :1 ./ 1 _ 11 1 t i l li 01 5; 1110 11.51 iki! IiIh ihfl !iIi ItI1IIi I1Iiii r P VsV I t �' 1 P . - i a i1c1si0ijill q li n i1 1 ` 11111 8Ifl - i 1 1 I -i j i — , _ -i „ =—= 11 1 1 i QD�' :—m - Iia alt.r...._4,,_.., r_ ii,...-:-:-_-.. ec e� wilr. r. ...--1.,,p ! _ 1 -- I pip 0 ,_.,.. __?.. a —, i —►_- b I sa-�_ �A A I w ) iI is i il 4 = - I ..--. -- +_ _f I 1 i i i i i i — i i i i i i - I - I - I I - I - I I - I - I - I 1 - _ ° © s I I ." I i - I - I - I - I - 1 - I I I - I - I - I - will remain in its current state of deterioration and at current tax levels. 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. 7 ebt an opportunity for an adequate service and repayment, operating expenses and providepp ty q return on invested equity. Thus,the project will not proceed without TIF. 4 in the area. Unit Mix The redeveloped project will have a mix of units ranging from one bedroom to four bedroom units (these two were previously designated as penthouse units), but having predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 ALTA Survey* *Attached is the current survey of the project. A complete updated ALTA has been ordered and should be supplemented by October 24,2011 10 C PLANNING•OMAHA 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 C7 'r v)' v CD Nh i a. CC) E Pc c' N. ,, . \, „ , ‘,L (, ,, k t �' - � c p n 0 co co coccoo �, V) o sr+ O w w CD s.„ 1, 3 Reviewed and approved 3/28/2011 pment regulations. P1n2373ece Development Team Michael Brannan, CNU, LEED AP Mike has just completed development of jLofts, on the Market., a 155,000 sq ft mixed use development comprised of 50 luxury condominiums and around 10,000 sq ft of retail space.The project is 75% SOLD and 70% LEASED.Mike also recently signed a joint venture agreement to develop the Burlington Train Station and provided Owner's Representation for the newly constructed HIRO 88 restaurant. Profile Mike's interests in real estate development,music/design and intellectual property inform his business strategies and have lead him far afield in pursuing deals of interest. Mike has been a principal in over $50 million dollars of real estate and intellectual property deal flow.A partial list of his clients and projects include: jLofts, on the Market, HIR088, KRCK, BMW of North America, Walmart, QuickTrip, The Kensington Tower,Universal Records, Groundworks, Electronic Arts. Mike is a member of the Omaha Downtown Master Plan Advisory Committee and the University of Nebraska Sustainability Salon. Daniel Fox, RA, NCARB Profile Dan has been the owner and President of Realty Asset Advisors SW, Inc. - Scottsdale, Arizona since 1991 and has provided project management,budget development and schedule control on projects ranging from single-use facilities to multi-tenant, mixeduse developments. His experience in complex projects brought the firm national exposure in the real estate investment marketplace and subsequently grew to over 50 employees with offices located in Scottsdale,Arizona; Laguna Hills, California; Atlanta, Georgia and Dallas, Texas. Its primary emphasis has been placed in leadership roles coordinating and • managing Due Diligence teams on numerous multi-million dollar bulk real estate portfolio transactions for major insurance companies,lenders, pension funds, REITS and private sector clients. Dan has also provided expert witness testimony involving construction defects and forensic accounting for his current and past client base. Dan is an avid design aficionado and a Registered Architect. Skills Registered Architect, all phase due diligence/construction expertise, design/build consultation and project management. David Rosacker Dave is providing Owner's Representation for Riverfront Place Condominiums Phase II, Omaha, NE; has just completed buildout of the new HIRO 88 restaurant in Omaha,NE as well as various retail and residential build outs at jLofts, on the Market, Omaha, NE and the Natura Pet Products Plant Expansion in Fremont,NE, Dave has managed the construction of over 12,000 housing units. 11 aving predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 Profile David earned a Construction Science degree from the University of Nebraska- Lincoln and went straight to work in large format construction and development. He rose through the ranks from assistant project manager positions through to EVP of a very large construction firm in Cleveland, Ohio and later become General Manager of the largest open shop general contractor in Nebraska at the time. Dave's own firm,established in 1988,operated through 2001 as a construction management practice with projects ranging from $5M to over$25M, from LA to Philadelphia. From Late 2001 through 2007, David was Director of Marketing and Pre-construction Manager for a national construction firm based in eastern Nebraska before reopening his own firm, Rosacker&Associates in January 2008. Skills Dave has vast experience and expertise in project planning, estimating, scheduling, leadership, contract and dispute negotiation, cost control, corporate and strategic planning and overall vision and leadership. He has worked in every major aspect of the construction industry and through almost every type, size and structure of deal. 12 set Advisors SW, Inc. - Scottsdale, Arizona since 1991 and has provided project management,budget development and schedule control on projects ranging from single-use facilities to multi-tenant, mixeduse developments. His experience in complex projects brought the firm national exposure in the real estate investment marketplace and subsequently grew to over 50 employees with offices located in Scottsdale,Arizona; Laguna Hills, California; Atlanta, Georgia and Dallas, Texas. Its primary emphasis has been placed in leadership roles coordinating and • managing Due Diligence teams on numerous multi-million dollar bulk real estate portfolio transactions for major insurance companies,lenders, pension funds, REITS and private sector clients. Dan has also provided expert witness testimony involving construction defects and forensic accounting for his current and past client base. Dan is an avid design aficionado and a Registered Architect. Skills Registered Architect, all phase due diligence/construction expertise, design/build consultation and project management. David Rosacker Dave is providing Owner's Representation for Riverfront Place Condominiums Phase II, Omaha, NE; has just completed buildout of the new HIRO 88 restaurant in Omaha,NE as well as various retail and residential build outs at jLofts, on the Market, Omaha, NE and the Natura Pet Products Plant Expansion in Fremont,NE, Dave has managed the construction of over 12,000 housing units. 11 aving predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 Additional Information Enclosed • Landscaping Plan for Entrance • Fixtures and Material Plans • Public Improvement Plan • Parking Layout • 13 C PLANNING•OMAHA 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 C7 'r v)' v CD Nh i a. CC) E Pc c' N. ,, . \, „ , ‘,L (, ,, k t �' - � c p n 0 co co coccoo �, V) o sr+ O w w CD s.„ 1, 3 Reviewed and approved 3/28/2011 pment regulations. P1n2373ece i I eidt PPP (,...t4''''',,., g-,,,,,6 ;Lill:L.4:w' Secrnental Concrete Aalls Buff concrete — _ ° aorla u�° • . • :i•• ii1-11=t1-11=1C11-IC11=1t-11=11 11-I1,::-: ,t:•.!!-! 1_ICII-11=1L1171=1171-11=11=11=1 I!1=1:1', ' ••�•�!• 1171=11=11=11-IC11=IC11=11=11-t1• . •I•t••- • Urdinlinlinri n ," " " n n n _n_ ; :Clay Pavers 1: I I-. . . = 1 1 = .•I.,.„ . ,. ... ..: 71=111== i1=. .1=II•,,,•�.I1=II_1171=11=11=II-IC 11=I CI I-11=11-11-11-11.1-i:117• PII:„�.:-11_IMICII-11=■C117I=II71-11=11=11-11-11=,��,�7C. 11=11',•i�1111�IIIC111IE=f•-1171-11171It1111111-111-11=1'�•�;7 111, Q 1,1II=111::�11=11=11711=11-11=ICII-IC1111-11It11It•.i••101=1 Reclaimed Cobbles -: 11-IC11=11-...,=i - 11- =,,:m11- .Mil -„-, qr.:.I_1I=1171=11-11=11-IC111=1=11:11=11=11:111”r n:. 11-II=��:�.-!1=,1/,IIL1111II"LII,C11'!CIII,11'II1t11 11�11��•�yOl-1' 1U-11=11'. 11-11-IC11=11-1Lt171=1171=I1-11-11=11=NI.41..7 C11• 1i11 11 r •IPII_1171=1P1I 11=1CII-1Cu=11:.1=11=11=11 ICEI-i �11 �:1i1111IC1111-(L1171=11 ga=1g-111111 '::!7CI! -Ekl'I-�11=11=1171-11=11=1I=1C11=1C11-11-11=11-11=11!1-�ICI. ,1: •_II_E1=1C1PtPlC1171=117P11-11=11=lgi ffi 1:'. • ,1�1'I 11:11=I1-1171=11-1t=11-IC11=1C11=t1=11=t1-11-11149:.• -11_11-1C11-1I-[C 1171-1171-11-11=11=11-11=.e-•' .'-11=-1-�171-E1=j1E1C11_al�ralill111=11C1p1=11=... Boulders .::;,.11 •o117a==llaU�y{l_�I'=Gt1a U� D�ye��r�-.. •••••it c n n_n_ n_ n n n n li°i• • lit:47::4. 1_442sm:47$44:iiiiiiiiiiiii:1:- .n2.n: us!e' '.• -may, P { Oli • p 7p SCALE N FEET STATE GARDENERS INC. ez ESTATE GARDENERS NC. Ambassador Condos ESTATE GARDENERS INC. 4gth and Dodge cljr,* PA.BOX 760 pdent: Omaha, NE ELIrJ-IORtJ,NC 0eO22 5 �{e revision • .g022De106D0 OP•1ANA4 REGN.rAt•'1 STF 4/ ,/0Cl U drowncde by dxdced by drawing M.1 .,..d......I.......Y• ` m9� mgb amb.01 as well as various retail and residential build outs at jLofts, on the Market, Omaha, NE and the Natura Pet Products Plant Expansion in Fremont,NE, Dave has managed the construction of over 12,000 housing units. 11 aving predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 ITI- —EIS g� gl� g0 s . 0 41 T alip Io i5 1Tig iiii �l' MEM 1- ES ... _4 1$ li MD I 4„k pi 1 I \���_; amity w �ft11 mm — 1 __ m 1 I�� m maim �i pr—0. m �s p'm A \V....71 _ ill) (II 4 N lrii �r - - D IJ . ® -N ..�; tow — _ m - i `k qii 16 E UM: - —g4 a am, w 39p 1 3 i - N 4- Fri 4• 4c9 I. 41,R (6g ; t ii€ Z R iFa� i O D 1 > !a■ Imor� i� �F+i i ��F Zip 1D 4�� m 44yy y3C°n bid ynt 8 t 1 �� i. - a" F ;ia QR t Om 1 pm , PIP 4n R °; i S ® ® 41 4 i F ; (p l0 4..r4 i i F Pig l- 151 a € F�mm pp y� — F F F Qg 4 NmnC T lipl — T N m a _11 ii E g 'P1111:11 ii'l;II R 1 mm-Eh; d g g2 if, .d Jgd ,A 'WI fl; 1 1 6 LI CH O - 1 11 N g w mpPm. ruill illg m iliggg0sqe000 G0@0 I§E6 ° iIVIW "*" 'O ®a - /c�O® 1 1® i c €SIIiiui 1gi1uuig1i ti1( 1igi 115fili (i' fg Lt llip(11F , g g - d 6 1 1 1 g g m 3 na [. P0.0M50011 im0 ,F e¢ 3g sd ylpdo P78"b Fe p3; pem — v = ti Mil (ili1[1i Iiiii 1 11 qi 1111i1(Qm Mil lJ/l (i/1i fil �f11 i11;f w E-I 1 g ' 4110 em ene50gg1 P ;' gigplOigIgggv P Al 'IMF 1192no°s 214 11 i I I iii11ta!iifg tj1UinilifIlilitigl 1giiiiIi1UUF 1 f[ ��ill' fillip !If _ - i I g y - 1 1 I _ - 1 - 1 _ 1 .. - 1 .. 1 - 1 - SYMBOLS,NOTES AND REFERENCES aids F a C.) i i 1 e.,44 o f F i11 mg m a o 3 a C kL414 `: r' O well as various retail and residential build outs at jLofts, on the Market, Omaha, NE and the Natura Pet Products Plant Expansion in Fremont,NE, Dave has managed the construction of over 12,000 housing units. 11 aving predominately two bedroom units. There will be two (2) one bedroom units at 937/958 Sq. Ft., sixteen (16) two bedroom units ranging in size from 1120 Sq. Ft. to 1558 Sq. Ft. and the two (20 four bedroom units will have approximately 2400 Sq. Ft. A breakdown of the units is included below and floor plans are included in the appendix. Premium rents in the 2 01 0) CD O) 0) 0) 0) 0) 0) O 0) Q1 < :-a y p nnr1. NI• 1` r 1.t` N- I"- 1,-I. I. I. nN-N-I.I.NNN-NN- C C 0) •L M co co co co co co co co co co M co co co co co co M co co M co co co co c C a C d N y Oi J N c0 7— a) f9 - co C O LL C v.m dC) mgm I- C l0 0 OOJ 0 0 0 0 CO CO N C0 00 c0 CO ao CO ro ao ao CO m CO Co 0 ao CO CO CO CO ao m CO CO ro co CI M M co co co co co co co co co co co to co co co co co co co CO co co co O) CO 0) 0 O O) O) o) a) O) O) O 0) O T O) O) O) O) W O)_O O) O) co O 0) 0)N . �I. N- NN-N- nnnn I. N I`r I. I•N-N n.I. 1.1.Nr`nr N C M M M M CI al M al CI M M CI co co co co co co cc) co co cc) to co co co H d co o) 0 Ce CD CD CD CD CO CO CD CD CD CD CD CO CD CD CD O CD CD C0 CD 0 CD(0 CD CD CO CD CD CO CD CO CO CO 0 CO CO CO CO CO 00 0 CO CO 03 CO CO O 03 CO CO CO CO W O 00 CO CO CO CO 0 I. I.N r`N N N- I.N-N- I.I.I.N- 1, 1, I.I. I. N-N- N-N-N-N- I.I.I. N I. I-__II N N N N N N N N N N N N N N N N N N CV CV N N CV N N N N N N N N C0 C 0 0 0 0 M NI9 el Cc) M M M M el NIC•) CI al el M CI VI M CI II CIC9 M M 0) 0.0 N u) u)N in f0 N N )0 Lc,M 0 0 0f0 Lc.) 0f0 N u) N N N N ul u) « a) a)1— h II O C sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr V' V' -a-sr sr sr sr sr V• sr sr11 7 p p O' CI CI M N)VI NI C�) C7 M M M VI M M C) M M CI Cl eltl) M M M f") M a,•'-.O . O L I _ CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO O 0 C C 0) ci U LL N C0 V' V' sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr sr II •1 O L y N 1- X 7 i M co co co co M co co M co M co M M M M co co co co co co co co co co II >•.= 0 C)•0 H L N 0 c H o' E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 p J _ J �) 0) 1 N L L N O y aEE0, I iFEvd $ N y 0 CO I O d y 0•N E N N 0) I .0 B 0) �-0 V co Q7 J 0 I C 0 7 Q0 ` E X C O a rL co O co O O co M co co M CO M CO CO CO CO M CO CO CO CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 • S'°MI SOW.,LLwve1RM.sao II:nja■ Prr $, §"Gfl £ R £ ' Q= ' _= a cR n ifl E R IRI E IIi'I Aj 1A33 1ai1 aiRsR piER1R 14fl R =r': E£ 2g1Q ��i 1 t1a/ efl ¢" oR 8flflAE-50 0:1p fl 1i 1_ RaRR „�¢ §A 9Q Ia to io� Ii a4 iIE E 1 i1 E t�QR t Q Sya6��i ' ii 1 -- R1I■ DiQ$i1ie •; F p - I° R , 11 .R pAa [' 1 6H�a $ I M �R!Il£a R �• v ■ i - QR t��, � ; 6 E i £fS $ Qt^"; i II mi .RQ etF a ^i ; 1011"°€' t R "�1� t I °E _ ei ' ;PI■II-RI ." 4£. R £ t, 1 R�? p£ 1 RC C„ , 1 RR°I� l 1 6"E aiil R 11 1;11 R �Ri iR�'o� i�p �R 9 A�i�46Q� 8 Red�i G €: flE�iCa�R� �RI � �� pia ��i l¢ R �_ 7€" R"FR fli 1;��a��1ff P." a 11j; ap f ' i a • € a•! f, aa!a :; �1a Y� R$IR 6 tR i° ¢ae t ';AER ¢RG R1 B°a£ a tI �a�£ ^�¢1 A ! 1 ' p¢a II$ Ea 9to^ i ii !Q F I„ 1 6 i■ Hb ¢ [ ?R R 11 I rR ieQS ! fl � 6° s i£ £a I I��RR■° � i t i e I•' H I �� 1� � g1 i q A , Q 1, i 6S y!! 1 A( i R a yy y 8 . , 8 ! ,I $1$ ¢5�G !AiI ta1�ERR 1 aE ■ R f �pp ; d i e [ all � C, � a F a 1. _ 1 aa _�A$€�y �' !ER i R a I '¢a "! $RaRa� �!�� : fl� F ¢g c EA I�b 1 ;P ' a EER��a fl q p $Iq;�i R f e g2'2S°E •" i mi Q E R 9 B9 RIS 1 to R i $ Ha s 8 a ¢P $a � � a 6�• .�^a � t !� �: Ey i6 ya�R 6� $@i ■ 1 i EEa a a Q A Rp H £ a ^ v t : v i a Ig "j'iq^ i; d ! ^pe1 , ni i�� yi ' 9 g t iRE A. t R!6! t c9 {R vi °P�4!!71{ - R6$a 1,R It €� �E I� �� �55 ■R p ■ IL 111 E � 11 �p• t6 � � � p �fl�Atp! 1�! 1 "d E £a pit R,fl 6 R 01: 41€Q �¢.•6 6 lat9i-AQ 2` v'x°aE E 4fl '1"" i e1•a° R $• • 1 'a g 1 a c ge�a �n RB 04 " aR e Kea Q 1p 14 1a 5 A 001 ego RRgj 1B H I lib !!1 $ . fl i_ �a O4 �a 11.zil �' i iit Q4Ri R6R I t ifl Milli t 66a 1 p i gs{iI^ diy�,1 a i I R 1 1 R 8g a¢ y .io1 EI oflt pa lay@ RA," E t small I a B R t Re is .4 ill 500 i i/ LliI19�3 I C IQ" q a g i 141 I i E$ l^ 1 4t 1 1 1 1 1BeEEE Ell �E IQ 500 6RQ f pp I Q "1 �t ! 1 19 I. i v ay9� 6 R i' R EEi € O AIL vF f 1 R Ic Ge I Qy R9 III di 1111 t�i 1 ail gi 4 e ; If. 4i 1 0 1i eiaLR 11 c a RQ a 6g� €" � ee kie R„R{i6 Poi, 4 €1 iiia ii @$ t 1 1;1gaaeRC IPi ' 1 ml; 1 li a 1R1 LEm' mai li iflF t° IQ lip $H C E "IQc�I y¢ 1 R Pim ! giaG $a :A g € �paR a a v t i y 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 j/\/ C h'. iQ:i N2 3 1 am e in pe Etlnhq 12D.m, Property lure- \ I AlNbv.. i x al N u . 8 _- m a a o m n a J 14 aa 9 c> ui P m 41 F i _ a i ca. m 0 m J N g a N ._ss> .Io. 111111 111111 i w Z C m 74. , 1 m k ca Q w m A m 4.2 9' N i m $ 0 P a 1 V g �' m f z? oq o A I ki i 1.-- i ,.„ O r,,,, 8 1 eI e [ all � C, � a F a 1. _ 1 aa _�A$€�y �' !ER i R a I '¢a "! $RaRa� �!�� : fl� F ¢g c EA I�b 1 ;P ' a EER��a fl q p $Iq;�i R f e g2'2S°E •" i mi Q E R 9 B9 RIS 1 to R i $ Ha s 8 a ¢P $a � � a 6�• .�^a � t !� �: Ey i6 ya�R 6� $@i ■ 1 i EEa a a Q A Rp H £ a ^ v t : v i a Ig "j'iq^ i; d ! ^pe1 , ni i�� yi ' 9 g t iRE A. t R!6! t c9 {R vi °P�4!!71{ - R6$a 1,R It €� �E I� �� �55 ■R p ■ IL 111 E � 11 �p• t6 � � � p �fl�Atp! 1�! 1 "d E £a pit R,fl 6 R 01: 41€Q �¢.•6 6 lat9i-AQ 2` v'x°aE E 4fl '1"" i e1•a° R $• • 1 'a g 1 a c ge�a �n RB 04 " aR e Kea Q 1p 14 1a 5 A 001 ego RRgj 1B H I lib !!1 $ . fl i_ �a O4 �a 11.zil �' i iit Q4Ri R6R I t ifl Milli t 66a 1 p i gs{iI^ diy�,1 a i I R 1 1 R 8g a¢ y .io1 EI oflt pa lay@ RA," E t small I a B R t Re is .4 ill 500 i i/ LliI19�3 I C IQ" q a g i 141 I i E$ l^ 1 4t 1 1 1 1 1BeEEE Ell �E IQ 500 6RQ f pp I Q "1 �t ! 1 19 I. i v ay9� 6 R i' R EEi € O AIL vF f 1 R Ic Ge I Qy R9 III di 1111 t�i 1 ail gi 4 e ; If. 4i 1 0 1i eiaLR 11 c a RQ a 6g� €" � ee kie R„R{i6 Poi, 4 €1 iiia ii @$ t 1 1;1gaaeRC IPi ' 1 ml; 1 li a 1R1 LEm' mai li iflF t° IQ lip $H C E "IQc�I y¢ 1 R Pim ! giaG $a :A g € �paR a a v t i y 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 • d u ndee bank 5015 Underwood Ave Omaha NE 68132 Phone 402.504.4000 fax 402.504.1900 dundeebanking.com October 17, 2011 Ambassador Apartments, LLC Robert Sadler,Neil Willer, Carol Jones, & Randy Wheeler 111 S 49th Ave. Omaha,NE 68132 RE: Tax Increment Financing Loan Ambassador Apartments Omaha,Nebraska This letter, when accepted by you,will constitute the agreement of Dundee Bank, a Branch of Security State Bank("Lender")to provide Ambassador Apartments,LLC ("Borrower") a Tax Increment Note ("Loan") in accordance with the terms, conditions and provision hereinafter outlined. • 1. Borrower: Ambassador Apartments, LLC, a Nebraska limited liability company. 2. Loan Amount: To be determined 3. Loan Term: After completion of construction period, TIF note will be matched to the term of the redevelopment promissory note from the City of Omaha, but in no event to be more than 15 years. 4. Interest Rate: 5.5% for a period of no more than 5 years and re-pricing after each subsequent 5 year period. 5. Loan Fee: To be determined 6. Loan Repayment: Semi-Annual principal and interest payments to closely correspond with the payments made on the City of Omaha Redevelopment Promissory Note in an amount necessary to fully amortize the loan over the stated term of the note. EQUAL HOUSING LENDER H £ a ^ v t : v i a Ig "j'iq^ i; d ! ^pe1 , ni i�� yi ' 9 g t iRE A. t R!6! t c9 {R vi °P�4!!71{ - R6$a 1,R It €� �E I� �� �55 ■R p ■ IL 111 E � 11 �p• t6 � � � p �fl�Atp! 1�! 1 "d E £a pit R,fl 6 R 01: 41€Q �¢.•6 6 lat9i-AQ 2` v'x°aE E 4fl '1"" i e1•a° R $• • 1 'a g 1 a c ge�a �n RB 04 " aR e Kea Q 1p 14 1a 5 A 001 ego RRgj 1B H I lib !!1 $ . fl i_ �a O4 �a 11.zil �' i iit Q4Ri R6R I t ifl Milli t 66a 1 p i gs{iI^ diy�,1 a i I R 1 1 R 8g a¢ y .io1 EI oflt pa lay@ RA," E t small I a B R t Re is .4 ill 500 i i/ LliI19�3 I C IQ" q a g i 141 I i E$ l^ 1 4t 1 1 1 1 1BeEEE Ell �E IQ 500 6RQ f pp I Q "1 �t ! 1 19 I. i v ay9� 6 R i' R EEi € O AIL vF f 1 R Ic Ge I Qy R9 III di 1111 t�i 1 ail gi 4 e ; If. 4i 1 0 1i eiaLR 11 c a RQ a 6g� €" � ee kie R„R{i6 Poi, 4 €1 iiia ii @$ t 1 1;1gaaeRC IPi ' 1 ml; 1 li a 1R1 LEm' mai li iflF t° IQ lip $H C E "IQc�I y¢ 1 R Pim ! giaG $a :A g € �paR a a v t i y 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 7.Collateral: Security and Pledge Agreements from the City of Omaha, assigning annual real estate tax receipts to Lender. 8. Guaranty: Loan shall be guaranteed on an unlimited joint and several basis by Robert Sadler, Neil Willer, Carol Jones,and Randy Wheeler. 9. Use of Funds: Funds will be used to provide financing for TIF eligible expenses for re-development of the Ambassador Apartments located at 111 S 49th Ave. Omaha,NE 68132 10. Loan Documents: The TIF Loan shall be evidence and secured by: a) Promissory Note; b) Commercial Loan Agreement; c) Collateral Assignment and Pledge Agreement executed by Borrower (assigning Redevelopment Promissory Note issued by City of Omaha and Redevelopment Agreement between Borrower and City of Omaha)to Lender; d) Security Agreement and Pledge Agreement executed by City of Omaha giving Lender a security interest in TIF funds generated by the project; e) Uniform Commercial Code Financing Statement executed by City of Omaha in favor of Lender,covering TIF funds; f) Opinion letter issued by Assistant City Attorney of Omaha in form and content satisfactory to Lender's counsel with respect to the TIF fmancing; g) Guaranty Statement; and; h) Any other documentation required by Lender The form and content of all above mentioned loan documents shall be reasonably satisfactory to Lender's counsel. 11. Requirements Prior to Loan Closing: At least fourteen(14)days prior to the closing date, Borrower shall have furnished to Lender each of the following in form and content acceptable to Lender: a) Title: Acceptable Title Search only. � � � p �fl�Atp! 1�! 1 "d E £a pit R,fl 6 R 01: 41€Q �¢.•6 6 lat9i-AQ 2` v'x°aE E 4fl '1"" i e1•a° R $• • 1 'a g 1 a c ge�a �n RB 04 " aR e Kea Q 1p 14 1a 5 A 001 ego RRgj 1B H I lib !!1 $ . fl i_ �a O4 �a 11.zil �' i iit Q4Ri R6R I t ifl Milli t 66a 1 p i gs{iI^ diy�,1 a i I R 1 1 R 8g a¢ y .io1 EI oflt pa lay@ RA," E t small I a B R t Re is .4 ill 500 i i/ LliI19�3 I C IQ" q a g i 141 I i E$ l^ 1 4t 1 1 1 1 1BeEEE Ell �E IQ 500 6RQ f pp I Q "1 �t ! 1 19 I. i v ay9� 6 R i' R EEi € O AIL vF f 1 R Ic Ge I Qy R9 III di 1111 t�i 1 ail gi 4 e ; If. 4i 1 0 1i eiaLR 11 c a RQ a 6g� €" � ee kie R„R{i6 Poi, 4 €1 iiia ii @$ t 1 1;1gaaeRC IPi ' 1 ml; 1 li a 1R1 LEm' mai li iflF t° IQ lip $H C E "IQc�I y¢ 1 R Pim ! giaG $a :A g € �paR a a v t i y 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 b) Insurance: Builder's risk, fire and extended coverage insurance for the full insurable value of the building, including comprehensive general liability insurance. All insurance policies required hereunder shall be issued by companies, on forms, in amounts and with deductibles acceptable to Lender, and shall show Lender as a loss payee with a standard non-contributory mortgagee clause in favor of Lender. Such policy shall provide that there shall be no cancellation or modification without less than thirty (30)days prior written notice to Lender. All such policies shall be renewed during the term of the loan and copies of same shall be provided to Lender at least thirty (30) days prior to the termination date of any then current policy. Rent loss coverage of at least six (6)months shall be required. c) Taxes and Assessments: Evidence that all installments of general real estate taxes, special taxes or assessments and the like are paid. d) Legal Compliance: Evidence from local governmental authorities having jurisdiction that the subject property complies with all zoning requirements, fire marshal requirements, city code requirements, and any other local ordinance relative to the property's development. e) Financial Statements: The Borrower's and Guarantors' financial statements shall be signed by the Borrower and Guaranty, and addressed to the Lender upon Lender's request. Lender may reasonably require annual operating statements on subject property and annual financial statements on the Borrower and Guarantors, including Federal Tax Returns and Schedule K- 1(s). Items needed to complete full underwriting: Current Personal Financial Statement on all Guarantors within 6 months of today's date. Complete 2009 and 2010 Personal Tax Returns on Each Guarantor 2010 tax return for Ambassador Apartments, LLC. Verification of Liquidity used as owners' equity contribution Copies of all signed leases and any revisions to leases Approved TIF Redevelopment Agreement and Redevelopment Note f) U.C.C. Searches: U.C.0 searches against Borrower and such other parties as Lender may require, showing that the personal property owned by the Borrower and attached to the property is free from all security interests, liens, encumbrances, and judgments, except the prior security interest to Lender; such searches to be updated as of the closing date. y9� 6 R i' R EEi € O AIL vF f 1 R Ic Ge I Qy R9 III di 1111 t�i 1 ail gi 4 e ; If. 4i 1 0 1i eiaLR 11 c a RQ a 6g� €" � ee kie R„R{i6 Poi, 4 €1 iiia ii @$ t 1 1;1gaaeRC IPi ' 1 ml; 1 li a 1R1 LEm' mai li iflF t° IQ lip $H C E "IQc�I y¢ 1 R Pim ! giaG $a :A g € �paR a a v t i y 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 12. Special Mortgage Provisions: The loan documents shall provide, in addition to all other provisions required by lender: a) Financial Statements and Reports: Borrower and Guarantor(s)shall furnish to Lender, within one hundred twenty (120)_days after the close of each year a copy of the Borrower's Income Statement and Balance Sheet and Guarantor's Personal Financial Statement(s). A copy of the Borrower's and Guarantors' federal tax return and Schedule K-1(s) shall be provided to Lender no later than April 15th of the subsequent year. If a tax return extension is filed, the extension form must be sent to the Lender, and the tax returns will be due no later than October 156. Lender will also require an annual cash flow statement and a summary of contingent liabilities for each Guarantor as well as a list of contingent liabilities. Borrower will agree to provide property operating statements and rent rolls upon request by Lender. b) Due on Sale or Encumbrance: It shall be an event of default if Borrower shall, without the prior written consent of Lender, sell, convey,alienate, mortgage or encumber Borrower's interest in the Real Property or any other collateral securing the loan, or any part thereof, or any interest therein, or shall be divested of its title thereto, whether by operation of law or otherwise, or if there is a sale or other transfer of a majority of the outstanding membership units of the Borrower held by the Guarantors. c) Prepayment: Borrower has the right to prepay the principal balance of the loan, in whole or in part, without any fee or premium, upon thirty(30) days prior written notice to Lender. 13. Conditions of Closing: The Lender's obligation to disburse the loan contemplated hereunder, or any portion thereof, shall be conditioned upon the following occurring: a) Delivery of Loan Documents; Compliance: Borrower shall have delivered to Lender all documents and other items required hereunder,which shall be in such form and content as Lender shall prescribe. Borrower shall have satisfied each provision and condition of this commitment in a manner reasonably acceptable to Lender,or Lender shall have waived, in writing, Borrower's compliance with a specific provision. b) Payment of Costs by Borrower: Regardless of whether the loan closes, except for default by Lender,Borrower shall pay all of the Lender's costs in connection with the preparation, closing and disbursement of the loan, including but not limited to, title insurance premiums, survey costs,recording fees and taxes, fees and expenses of Lender's counsel and all other out-of- pocket costs and expenses incurred by Lender in connection with this loan. li a 1R1 LEm' mai li iflF t° IQ lip $H C E "IQc�I y¢ 1 R Pim ! giaG $a :A g € �paR a a v t i y 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 c) No Adverse Change: Borrower shall warrant that there has been no deterioration in the financial condition of Borrower and that the financial information heretofore submitted to Lender by Borrower is accurate and complete in all material respects. Lender will be promptly notified of any event that has, or with the passage of time could, cause a material adverse change in the financial condition of the Borrower, so long as any indebtedness represented by loan documents remain unpaid. 14. IRS Reporting: Borrower agrees to obtain Tax Identification Numbers on all contractors, sub-contractors and suppliers, and provide appropriate 1099 reporting to the IRS in connection with all payments made under this loan. 15. Credit Agreement: A credit agreement must be in writing to be enforceable under Nebraska Law. To protect you and us from any misunderstandings or disappointments, any contract,promise, undertaking, or offer to forebear repayment of money or to make any other financial accommodation in connection with this loan of money or grant or extension of credit, or any amendment of, cancellation of,waiver of, or substitution for any or all of the terms or provisions of any instrument or document executed in connection with this loan of money or grant or extension of credit,must be in writing to be effective. 16. Borrower Acceptance of Commitment: Borrower's acceptance of the commitment must be by Borrower's approval of this commitment by executing and returning a duplicate copy of the commitment letter. This commitment may not be assigned by Borrower. 17. Cancellation of Commitment: If Borrower has not satisfied all of the requirements prior to closing date, time being of the essence, or if Borrower has breached or defaulted in the observance or performance of any of the undertakings, warranties or representations of Borrower in connection with this loan, the Lender shall have the option without giving prior notice to borrower to cancel the commitment and terminate all of the Lender's obligations hereunder (including, without limitation, the obligation to make any disbursements of the mortgage loan proceeds) and,thereupon,Lender shall have the right to pursue any other and further legal and equitable remedies available to Lender. 18. Commitment Expiration: Closing of this loan transaction must occur within 90 days from the date of commitment acceptance or this commitment shall be considered null and void. 19. CREDIT AGREEMENT: A CREDIT AGREEMENT MUST BE IN WRITING TO BE ENFORCEABLE UNDER NEBRASKA LAW. TO PROTECT YOU AND US FROM ANY MISUNDERSTANDINGS OR DISAPPOINTMENTS, ANY CONTRACT,PROMISE, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 1 WITH THIS LOAN OF MONEY OR GRANT OR EXTENSION OF CREDIT,OR ANY AMENDMENT OF,CANCELLATION OF,WAIVER OF,OR SUBSTITUTION FOR ANY OR ALL OFF THE TERMS OR PROVISIONS OF ANY INSTRUMENT OR DOCUMENT EXECUTED IN CONNECTION WITH THIS LOAN OF MONEY OR GRANT OR EXTENSION OF CREDIT,MUST BE IN WRITING TO BE EFFECTIVE. This commitment outlines certain basic terms and conditions of the Loans;however,it is not meant to define all of the terms and conditions of the Loans,which will be set forth more fully in the final documentation evidencing the Loans. Instead,the Commitment is intended only to outline certain basic points of the business understand around which legal documentation will be structured. The outlined terms and conditions are subject to final documentation satisfactory to all parties and complete legal review and approval of all pertinent matters. Dundee Bank a Branch of Security State Bank By: Adrian Hernandez, Community Banking Officer ncial accommodation in connection with this loan of money or grant or extension of credit, or any amendment of, cancellation of,waiver of, or substitution for any or all of the terms or provisions of any instrument or document executed in connection with this loan of money or grant or extension of credit,must be in writing to be effective. 16. Borrower Acceptance of Commitment: Borrower's acceptance of the commitment must be by Borrower's approval of this commitment by executing and returning a duplicate copy of the commitment letter. This commitment may not be assigned by Borrower. 17. Cancellation of Commitment: If Borrower has not satisfied all of the requirements prior to closing date, time being of the essence, or if Borrower has breached or defaulted in the observance or performance of any of the undertakings, warranties or representations of Borrower in connection with this loan, the Lender shall have the option without giving prior notice to borrower to cancel the commitment and terminate all of the Lender's obligations hereunder (including, without limitation, the obligation to make any disbursements of the mortgage loan proceeds) and,thereupon,Lender shall have the right to pursue any other and further legal and equitable remedies available to Lender. 18. Commitment Expiration: Closing of this loan transaction must occur within 90 days from the date of commitment acceptance or this commitment shall be considered null and void. 19. CREDIT AGREEMENT: A CREDIT AGREEMENT MUST BE IN WRITING TO BE ENFORCEABLE UNDER NEBRASKA LAW. TO PROTECT YOU AND US FROM ANY MISUNDERSTANDINGS OR DISAPPOINTMENTS, ANY CONTRACT,PROMISE, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 • Chairperson • ---- Board of•Commissioners • 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 154th 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 • Chairperson Omaha/Douglas Public Building Commission MAILING LIST RECEIVED / - 6 `/ • RECEIVED BY C t,4. 74--f— i.-5A,.!I IG MADE DATE MAILED with this loan of money or grant or extension of credit, or any amendment of, cancellation of,waiver of, or substitution for any or all of the terms or provisions of any instrument or document executed in connection with this loan of money or grant or extension of credit,must be in writing to be effective. 16. Borrower Acceptance of Commitment: Borrower's acceptance of the commitment must be by Borrower's approval of this commitment by executing and returning a duplicate copy of the commitment letter. This commitment may not be assigned by Borrower. 17. Cancellation of Commitment: If Borrower has not satisfied all of the requirements prior to closing date, time being of the essence, or if Borrower has breached or defaulted in the observance or performance of any of the undertakings, warranties or representations of Borrower in connection with this loan, the Lender shall have the option without giving prior notice to borrower to cancel the commitment and terminate all of the Lender's obligations hereunder (including, without limitation, the obligation to make any disbursements of the mortgage loan proceeds) and,thereupon,Lender shall have the right to pursue any other and further legal and equitable remedies available to Lender. 18. Commitment Expiration: Closing of this loan transaction must occur within 90 days from the date of commitment acceptance or this commitment shall be considered null and void. 19. CREDIT AGREEMENT: A CREDIT AGREEMENT MUST BE IN WRITING TO BE ENFORCEABLE UNDER NEBRASKA LAW. TO PROTECT YOU AND US FROM ANY MISUNDERSTANDINGS OR DISAPPOINTMENTS, ANY CONTRACT,PROMISE, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 pMAHA" N o Omaha ebras d ik City C.) _ 7 Z0.10)."%0441e1 1819 Farnam Suite LC 1 ® ,t -t Omaha, Nebraska 68183-0112 0 �y; . ;. Buster Brown (402) 444-5550 i0 � City Clerk FAX (402) 444-5263 O4TFD FEBR5t*�4 "NOTICE TO TAXING AUTHORITY" Notice is hereby-given that the Omaha City Council has set Tuesday, February 28, 2012 at 2:00 p.m. .as the date of Public Hearing on the Ambassador Apartments, LL.0 Tax Increment Financing Redevelopment Project Plan. Sy The Ambassador Apartments, LLC Tax Increment Financing Redevelopment Project Plan proposes the renovation/rehabilitation of the historic apartment building 'located at 111- South 49th Avenue. Tax Increment Financing in an ,;. amount up to :$51 3,500.00 will be used to offset the cost of acquisition, public improvements, renovation/rehabilitation, demolition, architectural and x, engineering.fees and a contribution to the TIF Public Improvement Fund. The ` total estimated project cost is $4,050,647.00. A f A copy of said iplan is available for public inspection in the City Clerk's Office. Public Hearing will be held before the City Council of the City of Omaha, in the Legislative Chambers, Ornaha/Douglas Civic Center, 1819 Farnam, Street, `Omaha, Nebraska. Buster Brown City Clerk • , I - wer's approval of this commitment by executing and returning a duplicate copy of the commitment letter. This commitment may not be assigned by Borrower. 17. Cancellation of Commitment: If Borrower has not satisfied all of the requirements prior to closing date, time being of the essence, or if Borrower has breached or defaulted in the observance or performance of any of the undertakings, warranties or representations of Borrower in connection with this loan, the Lender shall have the option without giving prior notice to borrower to cancel the commitment and terminate all of the Lender's obligations hereunder (including, without limitation, the obligation to make any disbursements of the mortgage loan proceeds) and,thereupon,Lender shall have the right to pursue any other and further legal and equitable remedies available to Lender. 18. Commitment Expiration: Closing of this loan transaction must occur within 90 days from the date of commitment acceptance or this commitment shall be considered null and void. 19. CREDIT AGREEMENT: A CREDIT AGREEMENT MUST BE IN WRITING TO BE ENFORCEABLE UNDER NEBRASKA LAW. TO PROTECT YOU AND US FROM ANY MISUNDERSTANDINGS OR DISAPPOINTMENTS, ANY CONTRACT,PROMISE, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 CASE: C3-12-004 3 APPLICANT: Planning Department On behalf of the City of Omaha REQUEST: Approval of the AMBASSADOR APARTMENTS, LLC TIF REDEVELOPMENT PROJECT PLAN LOCATION: 109 and 111 South 49th Avenue SUBJECT AREA IS SHADED - JANUARY 2012 R4(35) H ' ' XI R4 118 ■ ■ • • ■ • ■ •• R8 ■ R5(35 'Pi '• • ' R8 LSO of -. _�_N. .... _ _ mt M • o Capitol-Ave 6- in rn . . z4 CEz ' IEB C -ACI-2(50) 1111 III 0) CC-ACI-2(50) G ACI-2(50) lois' ) GC-A♦ -0) --,. . - —Dodge-St . . • ACI-2($0) r -AC -2(50) GC-ACI-2(50) :in GC-ACI-2 50) r — ' Q� . .. . kill 'T _ R - 1 ( „ ' :: 1 R8 ;1 Rt. , III LO yt ,� r .. I II II , p=ImEMIll Douglas St .. • ' I ■ ■ ■ ■ ■ ■ i ■ W■ ■ ■ . ■ ii A3 • I I ' ■ IIGJ ■ ■ • - K Q i 1 6"i I LO-PUD . 6-P U . R3 I - I I I co . ■ I ■ 1 . I Farnam St • ■ • • • ■ I • ---I I I R3 • R3 • I R3 - R3• 1 I I I I ■ N • 0 600 ..... ..... ..... t; - a.T,: Feet I tion without giving prior notice to borrower to cancel the commitment and terminate all of the Lender's obligations hereunder (including, without limitation, the obligation to make any disbursements of the mortgage loan proceeds) and,thereupon,Lender shall have the right to pursue any other and further legal and equitable remedies available to Lender. 18. Commitment Expiration: Closing of this loan transaction must occur within 90 days from the date of commitment acceptance or this commitment shall be considered null and void. 19. CREDIT AGREEMENT: A CREDIT AGREEMENT MUST BE IN WRITING TO BE ENFORCEABLE UNDER NEBRASKA LAW. TO PROTECT YOU AND US FROM ANY MISUNDERSTANDINGS OR DISAPPOINTMENTS, ANY CONTRACT,PROMISE, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 A, "NOTICE TO PUBLIC" THE DAILY RECORD NOTICE OF PUBLIC HEARING ON THE w T Ah TT AMBASSADOR APARTMENTS,LLC OF OM A TAX INCREMENT FINANCING REDEVELOPMENT PROJECT PLAN LYNDA K. HENNINGSEN, Publisher Notice is hereby given that the Omaha PROOF OF PUBLICATION City Council has set Tuesday,February 28, 2012 at 2:00 p.m. as the date of Public Hearing on the Ambassador Apartments,LLC T x Iect Plan.Increment Financing Redevelopment UNITED STATES OF AMERICA, The Ambassador Apartments, LLC Tax The State of Nebraska, ss. Increment Financing Redevelopment Project District of Nebraska, Plan proposes the renovation/rehabilitation of the historic apartment building located at 111 County of Douglas, South 49thAvenue. Tax Increment Financing Cityof Omaha,in an amount up to$513,500.00 will be used to offset the cost of acquisition, public improvements, renovation/rehabilitation, J.BOYD demolition,architectural and engineering fees and a contribution to the TIF Public Improvement Fund. The total estimated being duly sworn,deposes and says that she is project cost is$4,050,647.00. A copy of said plan is available for public LEGAL EDITOR inspection in the City Clerk's Office. Public Hearing will be held before the City of THE DAILY RECORD, of Omaha, a legal newspaper, printed and Council of the City of Omaha, in the Legislative Chambers, Omaha/Douglas Civic published daily in the English language, having a bona fide paid Center, 1819 Farnam Street, Omaha, circulation in Douglas Countyin excess of 300 copies, printed in Nebraska. g P BUSTER BROWN, Omaha,in said County of Douglas,for more than fifty-two weeks last City Clerk past; that theprinted notice hereto attached was published in THE ALL REQUESTS FOR SIGN LANGUAGE P r INTERPRETERS(SIGNERS)WILL REQUIRE A DAILY RECORD,of Omaha,on MINIMUM OF 48 HOURS ADVANCE NOTICE. IF ALTERNATIVE FORMATS ARE NEEDED February3 and 9, 2012 ALL REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS ADVANCE NOTICE. PLEASE NOTIFY CINDY FORD THINNES- 444-5553, IF ARRANGEMENTS NEED TO BE MADE. 2-3&9-12 1 Tha - > •• •3`p aper during that time was re arly published and in Ta1 �*kis in the County of Douglas, ; -,tate of Nebraska. �PQ;.�F,NERA< ••� ,ll +S/� Subscribed in my . :••b.•nce and sworn to be . i NOTARY • Phi ilistlyee'eV O N$5.2; • me this 9 t h ,: of EXPIRES i Febru- y 2 dditional Copies,$ ' r i 0F1 Notary Pub ', iv : f. ro _;t _ • y, `kr- • of Nebras 1 E, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 • F ✓� "NOTICE TO PUBLIC" NOTICE OF PUBLIC HEARING ON THE AMBASSADOR APARTMENTS,LLC TAX INCREMENT FINANCING 1 Proof of publication REDEVELOPMENT PROJECT PLAN Notice is hereby given that the Omaha City Coun- cil has set Tuesday,February 28,2012 at 2:00 p.m. as the date of Public Hearing on the Ambassador Apartments, LLC Tax Increment Financing Rede- velopmenthe d Plan. AFFIDAVIT The Ambassador Apartments,LLC Tax Increment 1 Financing Redevelopment Project Plan pro oses the renovation/rehabilitation of the historic apartment building located at 111 South 49th Avenue.$5 Tax Increment Financing to an suof State of Nebraska, County of Douglas, Ss: up to.$513,500.00 will be used to offset the cost of acquisition, public improvements, renovation/ rehabilitation,demolition,architectural and engi- neering fees and a contribution to the TIF Public •Improvement S4 050 64i 00. The total estimated project j Tracy Thompson,being duly sworn,deposes and says that he/she is an employee 1 tinn copyi thsaid c City Clerks availablef for public inspec- of The Omaha World-Herald, a legal daily newspaper printed and published in Public Hearing will be held beforethe City Council of the City of Omaha, in theheLegislative Cham- the county of Douglas and State of Nebraska, and of general circulation in the bers,Omaha/Douglas Civic Center, 1819 Farnam i i Street,Omaha,Nebraska. Counties of Douglas, and Sarpy and State of Nebraska, and that the attached Buster Brown City Clerk • printed notice was published two consecutive weeks in the said newspaper the ALL SIGN LANGUAGE INTERPRET- 1 ERS(SIGNERS)WUESTS ILL REQUIRE A MINIMUM OF48 HOURS ADVANCE NOTICE. IF ALTERNATIVE FOR- first insertion having been on February 2, 2012 and thereafter on February 9, MATS ARE NEEDED ALL REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS ADVANCE N TICE. 2012,and that said newspaper is a legal newspaper under the statutes of the State PLEASE NOTIFY CINDY FORD THINNES-444-5553, p per g IF ARRANGEMENTS NEED TO BE MADE. i --— - of Nebraska. The above facts are within my personal knowledge. The Omaha • World-Herald has an average circulation of 145,620 Daily and 179,203 Sunday, in 2012. (Signed) d (11,,,14.?-- Title:Account Executive Subscribed in my presence and sworn to before me this"I "5. day of ,2012. GENERAL NOTARY-State of Nebraska QC(A.J (/>---N MARCIA k GUSTAFSON Notary Public My Comm.Exp.June 30,2012 Printer's Fee$ Affidavit Paid By 1 ebras 1 E, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 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 inner-city neighborhoods; and to eliminate conditions which are detrimental to public health, safety and welfare, by developing vacant, underutilized property within these neighborhoods; and, WHEREAS, the Ambassador Apartments, LLC redevelopment project site located at 111 South 49th Avenue is within a designated community redevelopment area as the area meets the definition of blight and substandard per the Community Development law, and is in need of redevelopment; and, WHEREAS, the Ambassador Apartments, LLC Tax Increment Financing (TIF) Redevelopment Project Plan for the redevelopment project site was approved by the TIF Committee and was approved by the City of Omaha Planning Board at their January 4, 2012 meeting; and, WHEREAS, the project site for the Ambassador Apartments, LLC Tax Increment Financing (TIF) Redevelopment Project Plan is located at 111 South 49th Avenue as per the legal description(see Exhibit"A" for complete legal description); and, WHEREAS, the Ambassador Apartments, LLC Tax Increment Financing (TIF) Redevelopment Project Plan proposes the redevelopment of the site in South Omaha as described in Exhibit"B" attached hereto and made a part hereof; and, WHEREAS, this Resolution seeks the approval of the Tax Increment Financing (TIF) Redevelopment Project Plan which recommends the City's participation through the allocation of TIF in an amount up to $513,500.00 to offset the costs of acquisition, public improvements, site development, demolition, architectural and engineering fees, and a contribution to the TIF Public Improvement Fund with an estimated total project cost of $4,050,647.00, which is subject to change based on final construction costs; and, By Councilmember Adopted City Clerk Approved Mayor ARRANGEMENTS NEED TO BE MADE. i --— - of Nebraska. The above facts are within my personal knowledge. The Omaha • World-Herald has an average circulation of 145,620 Daily and 179,203 Sunday, in 2012. (Signed) d (11,,,14.?-- Title:Account Executive Subscribed in my presence and sworn to before me this"I "5. day of ,2012. GENERAL NOTARY-State of Nebraska QC(A.J (/>---N MARCIA k GUSTAFSON Notary Public My Comm.Exp.June 30,2012 Printer's Fee$ Affidavit Paid By 1 ebras 1 E, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 c-2513k CITY OF OMAHA . LEGISLATIVE CHAMBER 'i Omaha,Nebraska Page 2 ) 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, • • 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 Ambassador Apartments, LLC Tax Increment Financing (TIF) Redevelopment Project Plan for Ambassador Apartments, LLC redevelopment project located at 111 South 49th Avenue which contemplates the complete renovation/rehabilitation of the historic apartment building includes the City's participation through the allocation of Tax Increment Financing in an amount up to $513,500.00 to offset the costs of acquisition, public improvements, renovation/rehabilitation, demolition, architectural and engineering fees, and a contribution to the TIF Public Improvement Fund resulting in an estimated total project cost of $4,050,647.00, which is subject to change based on final construction costs, and containing a provision for the division of ad valorem taxes under Section 18-2147 through 18-2150, Revised Statutes of Nebraska, as prepared by the City Planning Department,be and hereby is approved. APPROVED AS TO FORM: I CI ATTORNEY A Plnlsf1643-res By '2°."7.26/46 C un ilmember Adopted � �...2.`..�. 2�. .:. ler wJ / /.� .r- Approved Mayor is subject to change based on final construction costs; and, By Councilmember Adopted City Clerk Approved Mayor ARRANGEMENTS NEED TO BE MADE. i --— - of Nebraska. The above facts are within my personal knowledge. The Omaha • World-Herald has an average circulation of 145,620 Daily and 179,203 Sunday, in 2012. (Signed) d (11,,,14.?-- Title:Account Executive Subscribed in my presence and sworn to before me this"I "5. day of ,2012. GENERAL NOTARY-State of Nebraska QC(A.J (/>---N MARCIA k GUSTAFSON Notary Public My Comm.Exp.June 30,2012 Printer's Fee$ Affidavit Paid By 1 ebras 1 E, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0 • ie \ N IA.V Oco ON A. 0 � � cn NION A . ..`qA CD p' 0 < O d A O A< CD -ro $) Co er• t\\. o •ha a- in' t5 N � O �A P. tioG Oaa CD ,+c 0 cU ` r c r t. ...... • ~ a ' ° o 5 to � c u c " ' � CD " bAA < <• c ao cr o o ,' as c < a Q o. CD" cC�. a o VI' A) '*, O CN r. Uo C w < c O.cDp . fl) r °'0 r � " A) .tV 41\ 63 `.1. =. 5- -, v). c)cro szi. po 0 5 p) --• = (4 ° n C s. - C ' ' A A• k ' .... ...OA co c'k • aq - oc\ w ' 's Pr Ihdt; Iuu R., g,,,,\ ,..,,,A • .4 \ - \� le\ . .... .... . . , .. ... . , .. , , . , • . . .. . . . . , . . ., . ,, • .. r___ _..•r' ; _ ,..., ...: ..,r . ti F ; •.i 7 f.; taxes under Section 18-2147 through 18-2150, Revised Statutes of Nebraska, as prepared by the City Planning Department,be and hereby is approved. APPROVED AS TO FORM: I CI ATTORNEY A Plnlsf1643-res By '2°."7.26/46 C un ilmember Adopted � �...2.`..�. 2�. .:. ler wJ / /.� .r- Approved Mayor is subject to change based on final construction costs; and, By Councilmember Adopted City Clerk Approved Mayor ARRANGEMENTS NEED TO BE MADE. i --— - of Nebraska. The above facts are within my personal knowledge. The Omaha • World-Herald has an average circulation of 145,620 Daily and 179,203 Sunday, in 2012. (Signed) d (11,,,14.?-- Title:Account Executive Subscribed in my presence and sworn to before me this"I "5. day of ,2012. GENERAL NOTARY-State of Nebraska QC(A.J (/>---N MARCIA k GUSTAFSON Notary Public My Comm.Exp.June 30,2012 Printer's Fee$ Affidavit Paid By 1 ebras 1 E, UNDERTAKING, OR OFFER TO FOREBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL ACCOMMODATION IN CONNECTION 1 1im i$q .;Q ill PAR 111 1211144 t 19 $11! c 1 1 1 Ili Ri R R¢ §R .I 1 R 1 91 i J R t "R ai 1 . g R a a B i �f I$ I ,a it l g g@ n£T6 - E, ti_T! CQ' PI ;It H i$ ;3 $ R ; / \ $S fi I I " x 1 i1 -11' E �i9� �a AVr N g ��g /CuccsscC Cup L cu jA S ,,T,E, a I 4l g R a F 7 c £:�^,� t.v 1 A ir'i7 y cc ;§' ; t R y q �-.1 1 " m.,, fi 't ~N 4 .\ , O , , w\` ,‘ I I I' Ti m Ra ~ �" 1 1 r ma r E•Ic EI r \ ' \lI "'I c q 31 5 A y. G Lx7 _tii I ' Y I; if a4 + t ee E �fl 0 iiiR A la " i i i:�' @ — . ./ca■ c t.' �Fwnca •\\\l ,•^:7i L' -,miL ! R 4 ---1 1:'�-_■, ll �ry -Lcac�va c &A eIR kh`Q :ai t Q t i; ; ,gensi nm 719cessovr!!!!!! Via+ e! -,, Y=° a i b `• r . . .i1 e , ..„, .i..- , ,-.)- \ 14 ci, .„, z1 ,, 1 A 1 Q R 1/010g" �� i 1.3 . . : 1 r { II EB:,CG::11710 ,t. ■ 'i 01 ix I r j t ffl Fr ri����r �7�� iRII!h1III1I!!iIjI T Er. a•R y i._ '� °ig i-iflfS iG �; G . ..= 't-3 p �,�;1i:i:1111,.1 fc t{ [[{ fifi f Iet Tt L n '2� ` 4 1= o��s J yy� �I ! illilii aitL= Fep I - - F 5 P� l�t�'>.1111I111 ,. Vo . . S lti� ilt {f� i�FS ¢cm V i t `• t¢.=11111111 AY F Li- itI _ 1 4111 112212: l 0 1' ',. .. L�� .11111��1111 s IFirlti7`{e't i1Rl1!"lilgf g i[v .. K _.--M----gyp-i1Y11 a a eSt.fhiali.■_€i:;t.,.¢Llt R - G I�„ ��UI it 49 II.,I_ c 0�333pC33E�33 i h��l __ I l/i L. SOUTH 49th AVENUE ,,. q aeNSiors R g g F. n S 4 $5� urini Mo. oesca"noM DATE �. c. PUBLIC IMPROVEMENTS o' '■"� € ° THE AMBASSADOR rii p '�i�, ` 1 s 111 SOUTH 49th AVENUE $ >�� to flMAHA NFRRASKA S' 1^- in 1 O CO CO CO CO CO CO CO CO CO M M O f�0 f0 0 V f0 u)f0 t0 f0 f0 u7 CO N u) f0 f0 N f0 u) 0 f0 u) u)CO N f0 f0 f0 u) u) II a 0_ C 0) 0 13 N C V' V' V' V' V' V' V• V' V' V' V'V'V' V' V' Q' V• V' V'V' V'V' V' V' V' V' II m LL CO 0 m 15 O M M M M M M M M M CO M M M M M M M CO M M CO CO CO CO CO CO II « N y 7 .10. f0 10 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO 11 C H l0 O o O O V' V' V' V'V' V' V' V' '? V' V' V-V' V• COV' V' V'V'V' V' V' V' V' V' V' II O 7 > N 2 CO 1- 7 M M co co co M co CO CO CO CO CO CO CO CO CO CO CO M CO CO M M M CO .Y f0 N It N C co« E 7- H> II E o o > < v c: c 0 C) u) a- CO N V) M N V' N u) u) CD N 1. u) CO N 0 N 0 Na-u)N N 09 N V'u) u) 0O y 6d) g O-O C7 a- N C7 V' N o 1. af) O) `- O '" N M V' a-- •G 7 d 0 E ID ' Q lL a- .- L d y C LL D H O C H 0 U 0 H o L O « C CL O 4 Z rpn o co N 0