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RES 2012-0024 - 8th Street Towns LLC TIF redevelopment project plan - F OTAAHA•^,fie 'C' `P rf p� t Planning Department • 6�►tr�,,�y�'� Omaha/Douglas Civic Center ,�fT�i._ �r 1819 Farnam Street,Suite 1100 �®, '�fl -i►6 DEC30 AM IJ' Omaha,Nebraska 68183 off'•~� (402)444 5150 O - -ry �p-� ( ' :s Telefax(402)444-6140 �4rFD FEBR �� C.i 6 d x 4 El i i S M A a, l4 E 3t t,,F,t}A R.E.Cunningham,RA,F.SAME City of Omaha Director Jim Suttle,Mayor January 10, 2012 Honorable President and Members of the City Council, The attached Resolution transmits the 8th Street Towns, LLC Tax Increment Financing (TIF) Redevelopment Project Plan project located at 8th and Pacific Streets. This project is part of the 38-unit condo development, Towns at Little Italy, completed in 2008 within the Little Italy neighborhood of the Dahlman Neighborhood Association. This plan contemplates the new construction of a 47-unit, market-rate apartment building consisting of mostly studios and 6 two- bedroom units in addition to on-site parking. 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 $490,000.00 to offset the costs of acquisition, site work, architectural and engineering, which includes $12,000.00 of TIF for public improvements. The estimated total project cost is $3,685,000.00. Your favorable consideration of this Resolution will be appreciated. Respectfully submitted, Referred to City Council for Consideration: /G--_ 07 9-1,2„-ef '2/2. /" 4 2 . Z2 • // 1'N '. Cunningham, RA, F. SAME Date Mayor's Office Date i '".nning Director Q"" Approved: jj --......__` g .. Cili1/4-(.4 A'71 �, ° � - is �r 12-)c-rUil:9_211i Date Robert G. Stubbe,Spaccarotella P.E. Date Finance Director Public Works Director Notice of Publication: January 12 and January 19, 2012 • Public Hearing: January 31,2012 Plnlsf1634-cover letter which affords a primary means of access to the abutting properties. All streets are functionally classified in the following categories in the City of Omaha Comprehensive Plan. Arterial Street — Any street classified higher than local or collector. A high capacity roadway designed to provide continuity between neighborhoods and the expressway/freeway systems. Direct access to property is a minor function. A-7 payment of all improvements identified in the study for the opening day scenario. A-2 1 $585.00 $595.00 Sieve Analysis of Aggregate(ea.) E8 J$70.00 $560.00 Subtotal $25,995.00 Contingency @ 10%of Subtotal $2,600.00 Total $28,595.00 • • • • • • • • • • • • Exhibit"E" • _ ' Nms iim E1O0 _ III,I ,3,`^a nA^ m 45 o v'. .^,3:°a ? 3 m3.6 63 c8'� m^ 'o^ - - ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • . • is—5e �fcc 6�� o z a o i IoFZ jrw' N g> Ww U?¢p f gmo, o agwm w °o ci- o "gv� 'r�uF �N c02, E ¢W WW �WUC7� '� $ ':m pp:ig w m • • Ed (DW E�ms,�$ Z t:1-- QZ OW ziii� oL°3ry mom $:oo_ d ¢F W mo a-Uoz W �omoma o Y w -� r.., pa g4 VI 6� N \ oz�frco �P'C._..I.>= "'� oG � �a w S = aN ��o Y Iw gym ��'s'-o g �e�., € , tee �� n o�c.�w a-< 3 8 �=o 0<- C &,:e;oN a1,, a a i_SQ o � .X4111 „. 'ia2 1- gs sub O." 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I� 1 • WU —_ _. — a 1 �ws m6m�rnn "s , .fi/ , ,. .33ffi6 yb 03wore _W -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • EXRIBiT *i' R • 2 c2. • ALTA Survey and Legal Description • Application Requirement "H" • •• See ALTA attached. • • Legal Description: • Lots 1, 2, 3, and the South 1/2 of Lot 4, Block 248, Original • City of Omaha, in Douglas County Nebraska, together with • the vacated 15 feet of adjacent 8th Street, 9th Street, and Pacific Street • • • • • • • • • • • I • • • • • • • • • • • • • • • • ion,Design and Construction previously adopted by the Omaha City Council on November 26, 1991 via Resolution number 2635 be replaced with the current version dated December, 2011. P:\msp\1244msp.doc APPROVED AS TO FO • ITY ATTORNEY DATE By Council r )er Adopted JAN 1...0 2012 fa City Clerk / / Approved... Mayor EXHIBIT "B" 8t" STREET TOWNS, LLC TIF REDEVELOPMENT PROJECT PLAN 8TH AND PACIFIC STREETS JAN UARY 2012 5LAHA,A,1 id W2W Niiii 14,tOrr 44139ii FEBIk°*A !IN!MA! 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 • • • ion,Design and Construction previously adopted by the Omaha City Council on November 26, 1991 via Resolution number 2635 be replaced with the current version dated December, 2011. P:\msp\1244msp.doc APPROVED AS TO FO • ITY ATTORNEY DATE By Council r )er Adopted JAN 1...0 2012 fa City Clerk / / Approved... Mayor INTER-OFFICE COMMUNICATION City of Omaha,Nebraska Planning Department TO: Chairman and Members of the Planning Board FROM: R.E. Cunningham,RA,F.SAME Planning Director DATE: November 30,2011 SUBJECT: 8TH STREET TOWNS,LLC TIF REDEVELOPMENT PROJECT PLAN Southwest of 8th and Pacific Streets Case#C3-11-219 This project represents the redevelopment of unimproved land and will consist of the new construction of a 47 unit, market-rate apartment building and on-site parking. This project is part of the 38-unit condo development, Towns at Little Italy, completed in 2008 within the Little Italy neighborhood of the Dahlman Neighborhood Association,just south of the Old Market in Downtown Omaha. The unit mix will be 41 studio units and 6 two-bedroom units. Fifty on-site parking stalls will be provided,in addition to the on- street parking. Bluestone Development,LLC is the developer and has a proven track record of successful projects. The 22 Floors and 9ines are recently completed TIF projects in North Downtown Omaha; The Rows at SOMA and J Lofts are old projects near and in the Old Market. The developer's market study and waiting lists demonstrate the demand for this type of product. Although the project site is currently zoned HI-ACI-1, the developer has requested a zoning change to R8-ACI-1. An administrative subdivision was recently completed. Ownership is in the process of transferring to the 8th Street Towns, LLC entity. Public improvements will include sidewalks on 8th and on Pacific Streets, new landscape improvements,additional street lights and repaving the alley between 8th and 9th Streets. This plan represents a project based on estimated figures and projections that are subject to change as project costs are finalized. This project will be required to comply with all Planning Department and Planning Board recommendations. The TIF amount is for up to $490,000.00. The TIF will offset costs of land acquisition, site work, architectural and engineering, and public improvements on- and off-site of this project. We have requested and will receive $12,000.00 of the TIF amount as a TIF contribution for public improvements adjacent to and surrounding the project site. Total estimated project cost is$3,685,000.00. The project is scheduled to be substantially completed by the fall of 2013. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. 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 cost 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. • BH/LF -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O 3'1/Hfl upid TuautdoianapaH :SINRIAIHJv11v •IenoaddV:NOI.LVQNMAINiOJa2I LN�L�i L2Idd�Q aau Z d 6tZ-tt £J#as1J uogeanznmmoJ aat;Joza;ul 14,tOrr 44139ii FEBIk°*A !IN!MA! 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 • • • ion,Design and Construction previously adopted by the Omaha City Council on November 26, 1991 via Resolution number 2635 be replaced with the current version dated December, 2011. P:\msp\1244msp.doc APPROVED AS TO FO • ITY ATTORNEY DATE By Council r )er Adopted JAN 1...0 2012 fa City Clerk / / Approved... Mayor • • • • • • • • • • TAX INCREMENT • FINANCING REQUEST • • • • • • • • 8th Street Towns, LLC • 47 Unit Apartment Building • 8th and Pacific Streets • Omaha, Nebraska • • • • • • • • • Prepared By: • Bluestone Development, LLC • October 2011 • • • • • • • • • tment Omaha/Douglas Civic Center 1819 Farnam Street, Ste: 1111 Omaha, Nebraska 68183 • • • ion,Design and Construction previously adopted by the Omaha City Council on November 26, 1991 via Resolution number 2635 be replaced with the current version dated December, 2011. P:\msp\1244msp.doc APPROVED AS TO FO • ITY ATTORNEY DATE By Council r )er Adopted JAN 1...0 2012 fa City Clerk / / Approved... Mayor • • • • - 8th Street Towns, LLC • Tax Increment Financing Request • • • Index Tab • • Project Description 1 • Development Financing Plan 2 • • Preliminary Commitment for Financing 3 • • Proformas 4 • Statement And Demonstration That The Project • Would Not Proceed Without the Use of TIF 5 • • Evidence that the Project Meets Evaluation Criteria 6 • Preliminary Plans 7 • • ALTA Survey and Legal Description 8 • • Development Schedule 9 • Public Improvements 10 • • Organization Documentation 11 • • Audited Financial Statements 12 • Cost-Benefit Analysis 13 • • Market Study 14 • • • • • • • • • • • / / Approved... Mayor • • • • Project Description Application Requirement "A" • Summary • In 2008, Bluestone Development completed the 38-unit Towns at Little • Italy development at 7th and Pacific Streets. The driving force behind • this development was to create a community in close proximity to • downtown with lower price point homes, without compromising design • aspects expected in urban dwellings. The townhome project was very successful and sold out in 2009. It continues today as a vibrant • community within the Little Italy neighborhood. • • We are now excited about bringing additional housing to the Little Italy • neighborhood. The proposed 47-unit apartment project is directly • across the street from the Towns at Little Italy, between 8th and 9th Streets on Pacific. The properties on this block were purchased during • the construction of the townhomes to both enhance the neighborhood • for the townhomes and to add additional residences at a later date. • • The project is located in the Dahlman neighborhood which is positioned immediately south of the Old Market in downtown Omaha. • This Italian neighborhood is one of the oldest residential neighborhoods in Omaha with traditional architecture and a very • community/neighborhood oriented feel. The neighborhood is located • near the Old Market and downtown Omaha, making the services of the Old Market readily available to the residents of the area and allowing • • for an active urban lifestyle. • In the past 3 years, Bluestone Development has had great success in building small studio apartments targeted at Generation Y. Both our • 22 Floors and 9ines mixed-use buildings on 13th Street directly across from the new baseball stadium have included small studio apartments • that have rented up extremely quickly. Bringing this product to the • Little Italy neighborhood fits in perfectly with the urban design aspect • previously brought to the neighborhood with the townhomes and also • meets the need for reasonably priced rental housing in the area. • • • • We have requested and will receive $12,000.00 of the TIF amount as a TIF contribution for public improvements adjacent to and surrounding the project site. Total estimated project cost is$3,685,000.00. The project is scheduled to be substantially completed by the fall of 2013. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. 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 cost 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. • BH/LF -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • • • , Program The project is planned as a 3-story apartment building. • Data: • • Residential units - 47 • 0 41 studios and 6 two-bedrooms • • Average apartment size - 700 SF • • Average apartment rent - $798 = $1.14/SF • • Parking - 50 stalls on-site plus additional adjacent street parking • Project Team • • Developer: Bluestone Development, LLC Christian Christensen • 720 North 13th Street • Omaha, NE 68102 • 402-345-2408 •• General Contractor: Brester Construction 5940 South 57th Street • Suite A • Lincoln, NE 68156 • • Architect: Studio 951 720 0 Street • Lincoln, NE 68508 • • Civil Engineer: Thompson, Dreessen, Dorner • 10836 Old Mill Road Omaha, NE 68154 • • Legal: Fraser Stryker Meusey • Olson Boyer & Bloch, PC • 500 Energy Plaza • 409 South 17th Street • Omaha, NE 68102 • • • • • • • • ediately south of the Old Market in downtown Omaha. • This Italian neighborhood is one of the oldest residential neighborhoods in Omaha with traditional architecture and a very • community/neighborhood oriented feel. The neighborhood is located • near the Old Market and downtown Omaha, making the services of the Old Market readily available to the residents of the area and allowing • • for an active urban lifestyle. • In the past 3 years, Bluestone Development has had great success in building small studio apartments targeted at Generation Y. Both our • 22 Floors and 9ines mixed-use buildings on 13th Street directly across from the new baseball stadium have included small studio apartments • that have rented up extremely quickly. Bringing this product to the • Little Italy neighborhood fits in perfectly with the urban design aspect • previously brought to the neighborhood with the townhomes and also • meets the need for reasonably priced rental housing in the area. • • • • We have requested and will receive $12,000.00 of the TIF amount as a TIF contribution for public improvements adjacent to and surrounding the project site. Total estimated project cost is$3,685,000.00. The project is scheduled to be substantially completed by the fall of 2013. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. 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 cost 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. • BH/LF -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • • Development Financing Plan • Application Requirement "B" • • • Uses of Funds • Land Acquisition $ 420,000 • Construction Costs 2,600,000 • Soft Costs 665,000 • Total Uses of Funds $3,685,000 • Sources of Funds • * Bank Construction Loan Financing $ 2,500,000 • Equity 695,000 • Tax Increment Financing (at 8%) 490,000 Total Sources of Funds $3,685,000 • • • • • * US Bank Construction Loan • Loan Amount $2,500,000 Interest Rate 6.5%• Amortization 25 years • Term 5 years total: 24 month construction • 36 month mini-perm • • • • • • • • • • I . I • • • L__ • Market Study 14 • • • • • • • • • • • / / Approved... Mayor • • • Preliminary Commitment for Financing • Application Requirement "C" • •• See attached. • • • • • • • • • • • • • • • • • • • • • • • • • • 665,000 • Total Uses of Funds $3,685,000 • Sources of Funds • * Bank Construction Loan Financing $ 2,500,000 • Equity 695,000 • Tax Increment Financing (at 8%) 490,000 Total Sources of Funds $3,685,000 • • • • • * US Bank Construction Loan • Loan Amount $2,500,000 Interest Rate 6.5%• Amortization 25 years • Term 5 years total: 24 month construction • 36 month mini-perm • • • • • • • • • • I . I • • • L__ • Market Study 14 • • • • • • • • • • • / / Approved... Mayor • • All of us serving you- • bank. • • Omaha Business Banking • 8800 West Center Road • Omaha,NE 68124 • • • October 5,2011 • • Debra Christensen • Bluestone Development • 720 North 13th Street • Omaha,NE 68102 • Re: 8th Street Financing—An entity to be named • Apartment project located at approximately 8"&Pacific Street,Omaha,Nebraska • Dear Debra: • • I look forward to working with you on the proposed project. Based on our current banking relationship U. S. Bank will strongly consider a construction loan of$2,500,000 • and Tax Increment financing of$500,000 for the proposed apartment project. • • Thanks,and call with any questions. • • Sincerely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor • • • ' Proformas • Application Requirement "D" • 0 • Stab Year 1 Stab Year 2 Stab Year 3 Income • Residential $450,100 $459,000 $468,000 • III Miscellaneous Income 2,800 3,000 3,000 • Less: Vacancy (7%) (31,700) (32,000) (33,000) • Total Gross Income $421,200 $430,000 $438,000 • Operating Expenses • Payroll $28,900 $30,000 $31,000 • Marketing 7,300 8,000 8,000 •• R&M Supplies/Outside Vendors 4,700 5,000 5,000 • Grounds/Site Care 10,300 11,000 11,000 • Utilities 11,000 11,000 11,000 • • Insurance 14,000 14,000 14,000 • Management 16,900 17,000 18,000 • Apartment Prep 8,000 8,000 8,000 •• G&A/Professional 2,900 3,000 3,000 • Building Recurring Services 9,800 10,000 10,000 • Capital Reserve 11,800 12,000 12,000 ill • Real Estate Taxes 70,600 73,000 75,000 • Total Operating Expenses $196,200 $202,000 $206,000 • Net Operating Income $225,000 $228,000 $232,000 •• Less: Senior Debt Service $195,500 $195,501 $195,502 • Operating Cash Flow $29,500 $32,499 $36,498 • • • • • Market and downtown Omaha, making the services of the Old Market readily available to the residents of the area and allowing • • for an active urban lifestyle. • In the past 3 years, Bluestone Development has had great success in building small studio apartments targeted at Generation Y. Both our • 22 Floors and 9ines mixed-use buildings on 13th Street directly across from the new baseball stadium have included small studio apartments • that have rented up extremely quickly. Bringing this product to the • Little Italy neighborhood fits in perfectly with the urban design aspect • previously brought to the neighborhood with the townhomes and also • meets the need for reasonably priced rental housing in the area. • • • • We have requested and will receive $12,000.00 of the TIF amount as a TIF contribution for public improvements adjacent to and surrounding the project site. Total estimated project cost is$3,685,000.00. The project is scheduled to be substantially completed by the fall of 2013. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. 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 cost 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. • BH/LF -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • • • ' Proformas - continued • Application Requirement "D" • • • Development Budget Land Acquisition $ 420,000 • Building Construction Costs: • General Requirements 172,000 • Concrete 182,000 • Masonry 57,000 Steel 51,000 • Woods & Plastics 557,000 • Thermal & Moisture 109,000 • Doors & Windows 78,000 • Finishes 262,000 • Misc Specialties 35,000 Equipment 111,000 • Mechanical 391,000 • Electrical 174,000 • Material Sales Tax 38,000 . Contractor Profit & Overhead 109,000 Infrastructure Costs: I • Site Excavation, Grading, Backfill 54,000 • Site Utilities 41,000 • Landscaping 19,000 • Concrete Paving, Curbs, Gutters 90,000 • Retaining Wall 5,000 Public Improvements 12,000 • Contractor Profit & Overhead 10,000 • Other Misc Hard Costs 40,000 • Utilities 12,000 . Architect & Engineers 121,000 Construction Loan Interest 168,000 • Construction Loan Costs 52,000 • TIF Loan Costs 11,000 • Other Soft Costs 304,000 • Total Development Costs $3,685,000 • • • • 0 • • • • for an active urban lifestyle. • In the past 3 years, Bluestone Development has had great success in building small studio apartments targeted at Generation Y. Both our • 22 Floors and 9ines mixed-use buildings on 13th Street directly across from the new baseball stadium have included small studio apartments • that have rented up extremely quickly. Bringing this product to the • Little Italy neighborhood fits in perfectly with the urban design aspect • previously brought to the neighborhood with the townhomes and also • meets the need for reasonably priced rental housing in the area. • • • • We have requested and will receive $12,000.00 of the TIF amount as a TIF contribution for public improvements adjacent to and surrounding the project site. Total estimated project cost is$3,685,000.00. The project is scheduled to be substantially completed by the fall of 2013. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. 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 cost 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. • BH/LF -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • Statement And Demonstration That The Project • Would Not Proceed Without The Use Of TIF • Application Requirement"E" • • Without the successful incorporation of Tax Increment Financing, • it would not be economically feasible to proceed with this • project. TIF blended with equity forms the critical basis for the remaining first mortgage construction loan to be economically • viable. • • WITH WITHOUT • TIF TIF • Gross Annual Income $452,900 $452,900 Less: Vacancy (31,700) (31,700) • Less: Expenses (including RE taxes) (196,200) (196,200) • Less: Primary Debt Service (195,500) (195,500) Less: Secondary Debt Service 0 (71,000) • Annual Cashflow $ 29,500 $(41,500) • • Return on Investment 4.2% Negative • • • • Summary Conclusion: Without Tax Increment Financing • there would be insufficient cash flow and partner return and the project would not be feasible. Therefore, the partners have • determined that they will not complete the project without Tax • Increment Financing. • • • • • • • Architect & Engineers 121,000 Construction Loan Interest 168,000 • Construction Loan Costs 52,000 • TIF Loan Costs 11,000 • Other Soft Costs 304,000 • Total Development Costs $3,685,000 • • • • 0 • • • • for an active urban lifestyle. • In the past 3 years, Bluestone Development has had great success in building small studio apartments targeted at Generation Y. Both our • 22 Floors and 9ines mixed-use buildings on 13th Street directly across from the new baseball stadium have included small studio apartments • that have rented up extremely quickly. Bringing this product to the • Little Italy neighborhood fits in perfectly with the urban design aspect • previously brought to the neighborhood with the townhomes and also • meets the need for reasonably priced rental housing in the area. • • • • We have requested and will receive $12,000.00 of the TIF amount as a TIF contribution for public improvements adjacent to and surrounding the project site. Total estimated project cost is$3,685,000.00. The project is scheduled to be substantially completed by the fall of 2013. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. 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 cost 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. • BH/LF -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • S S • • Evidence That The Project Meets Evaluation • Criteria • Application Requirement "F" • •• MANDATORY CRITERIA • 1. The project is located in the blighted area of North Omaha/ Downtown Omaha. • 2. The project furthers the objectives of the City's Comprehensive • Plan by creating a diverse mix of housing types at all income levels. Omaha's master plan includes residential infill development in targeted S areas for diverse income levels. • • 3. The use of TIF will not result in a loss of pre-existing tax revenues • to the County and other taxing jurisdictions. The apartment building that will be built will generate additional taxes above those currently • being generated by the site in its current state. The real estate taxes • generated related to the development of this land will be a direct • increase to the County and other taxing jurisdictions. • 4. This project would not be economically feasible without the use of • Tax Increment Financing (see Application Requirement E). TIF helps • to reduce the risk related to the undertaking of this project in Omaha. 9 • 5. This land is currently primarily vacant and will remain in that • status until it is developed. The project will turn vacant land into a useful part of Omaha's downtown residential community. It will help to S make downtown a more stable community by bringing more residents • to the area. S • DISCRETIONARY CRITERIA S 1. The project is located in the blighted area of North Omaha/ Downtown Omaha. 2. The land displays conditions of blight and is currently primarily • vacant. The redevelopment project increases the value of the land by • adding new residential living. • • 3. The project involves the start-up of an entirely new business. • S S • s product to the • Little Italy neighborhood fits in perfectly with the urban design aspect • previously brought to the neighborhood with the townhomes and also • meets the need for reasonably priced rental housing in the area. • • • • We have requested and will receive $12,000.00 of the TIF amount as a TIF contribution for public improvements adjacent to and surrounding the project site. Total estimated project cost is$3,685,000.00. The project is scheduled to be substantially completed by the fall of 2013. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. 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 cost 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. • BH/LF -•' -•` f �' n ! � — Pia �Eyw '� - li' 1, € • _`pp■p� {� w,S m` rc (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • • • Preliminary Plans • Application Requirement "G" • • • See attached site plan, floorplans and elevations. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Omaha,NE 68102 • Re: 8th Street Financing—An entity to be named • Apartment project located at approximately 8"&Pacific Street,Omaha,Nebraska • Dear Debra: • • I look forward to working with you on the proposed project. Based on our current banking relationship U. S. Bank will strongly consider a construction loan of$2,500,000 • and Tax Increment financing of$500,000 for the proposed apartment project. • • Thanks,and call with any questions. • • Sincerely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor • • • • 0 411111•••• :.....e. • . 't Lo . • ---1 tr, ..-; • • [In [Mile :- • I RIC 'EMI 51i mai URI , 1 ‘. .111 hi ' ' I • , - • '• ' A.,t, ' Eitinj auk, WE • I , , - ma' III1 Edi .21.19 Ellj MINI Mg I - ; I i , .. IS• Mill--•--PI- se orm OW -' •d-KM— .1111 L • , _1 , , i_ 1 , • •. r t ..., . • --u-- _ .1 ..-1E Fili Eii En • -1--iL-11 1-- nisi mini NEI . . _j—t=i___m_c3 .1 En M I _MI III MI_ I III I MI I -I • ME • ' 0 -1 I[t 1" E., .7]. .., Eil EMI Ell _, m • NM-41/4' . 1 IN KM--1- IMtL • 1 • -___Ell M ME_- • ri • 0 .I RI II I ' ME •I ME _ . Ili Mil • * EN_ MN MN • • •-i ; , ; 1 ; , • -- -11E141 Ma EN 1_IC ill • • OM NM E ,--• 1 ! Iv -'''' _... ___. • . El . _. , , , 0 • ---, rill oril = t I ar, sird r-r- Es Eal Eni • . -. En Mif MINI III i ---4-; -Y. f P mg /,4 1 i i r • 1 MI all 1 MI EN 4=4/ - . KM inn i ' Ell 1 .1 KIM I 111 1 • 1 I . 1 i 7 I1IIIIN , Eh] E,...-il E., , , , , .1. • EN_ RI_ NI_ -.7. Mal ELM MI EMI EM NMI —III —III HI 11111 ME MI a M • to - ma- NE_ 7- --, ---. ------, Illi . , i .1_, an_ • — 1 I I- 1 El II 1 II 1_Im N. iff• 1 MI rE. MI i I I • MI -1=0 ' I N • ___1 1 1 , 1- r Eril I I- I mill—mg + OW E.. E L li- .i,L, ii UN- INK MEI • II _ • --El Ell En El I —11 • • 1 -. ... NA] oral Nal Intl MI : NEI 1 1111 ,, EN ell El •I • ' 111111 11/1 •• ' ; i 'IE.=111 • I I I Mil i_111 is El En I III ; • MI MIMI NIN , Nil 111 MI • • IH 1111' • ' • • • • • . • • c (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • !1�'! tNOLL..T3 t04n1i3 ••• I,I�l i.f.. • f 1 [�i av5one3N V HIV 6 i1t Iiiylilt11I I M I. r/•� Ii;(�( 133tl1S 3I113vd V HIV It iI �� , i j�1 A1INtl}I1TH M3N t;I: ��I;�t• I f a • • 7. I = e n o n Gff Gi ffl n ry - p sill 133tl15 Xlf 11 Zitii a•!..I.l:.�:1.'•I 1 I 111 I I I R I II 2 P I I i r • — — 1 p ll II t t h ! a it • — T1 I I_ I 15 I $A u • u GIS r , j f}� I �.1 It.' of•A4Y Y'7 fy F 1 1 a At A I • iti-IT—,,-.r4-144it, 11.,tria .v. • Ddr liiill Air • hT S 1 Yr t yt I { : n{._C r{ • Lr3 1 1,A 1 . - • I1 L .I rc: i i ., t �A H 2"y1 .;„_- • �c:C I.. 0 .!!.,.,.E-.:_,,.:.E-.,4..,,. .- . — I� f 1 , .-: f • — ,41 _ lit V't`•'n y- I :ICI L —;1' — .,E....[i 47 rA a. f f .I°�� e Ijirt ra 1 ew A t I I I #' (L�/II I lc r t'4.r' —, 4��flY FjLiit 1. "7' t .As uIrf',,.,�--r�`I' a I(I'� I•I. L._1 ,.r ,..I'..t�:,____ :I. u_. :„_ :ais I i I'r' = ®Iy • _ :•- Rtil.� - • ¢ 1 III c I.Q i. a1. 1 I :r wr �r_m g/ YI I '"{4. I; ,�I 1411 I A 1 ti . a, -,7 74'L= 1 1 'MI mil�trilL"�['']Y r1� I. Eq.. 1:+lt UM -C I o •• [IiC F.� rLI' ir c+ `„^i i is =1 r'. 3I '„K,,•— \ ,. ; , I ��1 4,,�� i C k eI }i Jac. 1 YY'7. JI- 1' . 4 I t ttpq� ,1A1 .t • I .!!!.ie 'A J N I . 0 l —I 7.gi t Ii 19 _ • , is �E ®� • .'� ' • _, 1 1 r C • o W W • x , s g 0 N Z • 'i. = I , Pr� I n I a I .r I • I I ry I - - UN- INK MEI • II _ • --El Ell En El I —11 • • 1 -. ... NA] oral Nal Intl MI : NEI 1 1111 ,, EN ell El •I • ' 111111 11/1 •• ' ; i 'IE.=111 • I I I Mil i_111 is El En I III ; • MI MIMI NIN , Nil 111 MI • • IH 1111' • ' • • • • • . • • c (AVM-JOril,Dana 0 Dral e) ;,,� t t Ir_■ 1■ i « Z �I 1 3 3 tl i 9 ,n 6 m,1 S �r(ii o� �■ . > of • g -IT • n 1 F r,+ nfirc 9001e 1 roi • I j • ,,y N i o o '.m g m, 3'- ;3 S.0 - x ' m m m m 3 v_'mS z.H n E R°o F m 3- - _ E m 3 m 'v a 5 i,A v 3a` - °i t�_ x _ �5,o 3 1p�n m ,n x n m-6 m .P 3«d.3'e H o' _a S i ¢6¢ a_ n o x o g, L m o383 =v .i a val 00000000000 000000000000 n'a Om�m F a� �'� �3 lilt wr 0�a ''; m 5 0 E v S' F, N N-N 9 H m T T;A n c c -m 9 T'S D n N N N 9 ran v - T A ry R o v m., n. 3,m .m-. o"' m a s a ti 3 $ a N 3 3 3 3 ti A m v- = 3 a 1 A Z a a^ n s^i n a o N O. 3 u m m m n n 0 n 3_3_E"m m m "n O O ti_ T,N a 3 q D 3 n 3 S 6 F o 4 3 £4 x 2 2 x N o o c o 4 4£ r" y F F F a u m '° u- `$° E n ^A a - 30 o N� ;;O m- 330�- 04 m m 3 F m °¢'a 0a a O 3m c ,��} 33 's.�'� 33�.'0 _n3 Em o - ER;' ,�a > ,° m- N'� 3 x n 3=.o 84 n N =g w o g x^ 3_3� - - E 3 9 3 ^- s I^ m c m m m'^ = h ro ,s'Z'n 3 :1d N E m m m 3 g m z Gs 3 v m m a 6 u 3 N 3 • ?.3 m Oa c`3 £ v m A 343z0:$� 33''5 ,r 0,- -, m•5 61 _. Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • .111 1t1 99591193N''am.) i t 111 11!I.LI Y N _ /� �11 133tl15 3Id13Vd 1 N11 I I I 4 I I' 1 1 1 1 +1-1i-}t-F♦ 11 0 LC) ((f 1 f I PP i AIIM'}LL'MW M3N 1f[f 1ff +tfQ i Q • 1=till! - T e c SL1O1 133N1„H11 1 ��I i .11 1 IN I f 1 1 I I _ I _ I _ I _ I 4 I I 1 •.I�. I 1) ,, • — H 3 _ .9 a� F'. 3i i• r c i • _ , \R__ __.--„__. : _±, • - L I el I 7- Y fx • ., 1 , • 1; f a r , H • - 1 1 — • _ [}H iH-Hi' — • gm NE ID 1 • _` � ' E• 0` E , , E, • F , =- , 1 I... 24 i I • v. : II I W W r 1 y H • 3 w 4 _ 4 • J P J J. • • _ • - • s • _ . • _ • . . • - • . e • - • . . • - • • • - _ • 3 3 • • N . • _ • >- „ • 1 I 2 1 = 1 2 1 e 1 e 1 1 r. 1 n 1 a 1 n 1 ^' I I— :r wr �r_m g/ YI I '"{4. I; ,�I 1411 I A 1 ti . a, -,7 74'L= 1 1 'MI mil�trilL"�['']Y r1� I. Eq.. 1:+lt UM -C I o •• [IiC F.� rLI' ir c+ `„^i i is =1 r'. 3I '„K,,•— \ ,. ; , I ��1 4,,�� i C k eI }i Jac. 1 YY'7. 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Exhibit"E" OHOHO C)FC W O W Z oHO HoOo CxOC7OZOaH •> H '> O0) OC40XxO0) x0. Co LO a C.) 1-1 Z CC O 0 04 C0) C0OZocn0C4CHOHHOHOMUMUMUEMUEcEv' 0) N > CD W 0 E HKGNKCMWvHLU F) NOCDOCoNO WHONOMOW ,PONLU g CDDrZ r 0 Z W U C ) CD r) O E. O V) OG.104.IOEO ) O1' H04H U HUHUC] HU0H 0 HUH Ov' H E .4.1 O O O O O O O C O O O O O ' O C. O O • .•• rl `a t C) C. Cl r? C) _. r) O CD O C C O O 0 O 0 ,t.o N to E o E o E-t O E to R+'O Z 0 04 0 . t-a E co O U O U O O C] O H O H O CD M H O W O '1 H (x1 N W C' W' C' W O H O H O 0 <• W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. 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CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • • Development Schedule • Application Requirement "I" • • • See attached. r • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Omaha,NE 68102 • Re: 8th Street Financing—An entity to be named • Apartment project located at approximately 8"&Pacific Street,Omaha,Nebraska • Dear Debra: • • I look forward to working with you on the proposed project. Based on our current banking relationship U. S. Bank will strongly consider a construction loan of$2,500,000 • and Tax Increment financing of$500,000 for the proposed apartment project. • • Thanks,and call with any questions. • • Sincerely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor • • • • o • • N • a • • ^• z. • S • a • a • LL • • ^ • o • — • O • VI • W ~ 7 • a Ld U H • C ^ W E • H• v s • N y a • a • S • LL ... • • o • i. • i • O • , 0 a I_ • • n• p • - a f m G V. • S -' • ` tl ,g G - E c N a 2 2 m E v • r current banking relationship U. S. Bank will strongly consider a construction loan of$2,500,000 • and Tax Increment financing of$500,000 for the proposed apartment project. • • Thanks,and call with any questions. • • Sincerely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor • • • • Public Improvements • Application Requirement "J" • • The public improvements include reworking sidewalks on 8th Street and Pacific Street, new landscaping, installation of • additional street lights and the repaving of the public alley • between 8th and 9th Streets. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • f m G V. • S -' • ` tl ,g G - E c N a 2 2 m E v • r current banking relationship U. S. Bank will strongly consider a construction loan of$2,500,000 • and Tax Increment financing of$500,000 for the proposed apartment project. • • Thanks,and call with any questions. • • Sincerely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor • • • • Organization Documentation • Application Requirement "K" • • • See attached. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ghts and the repaving of the public alley • between 8th and 9th Streets. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • f m G V. • S -' • ` tl ,g G - E c N a 2 2 m E v • r current banking relationship U. S. Bank will strongly consider a construction loan of$2,500,000 • and Tax Increment financing of$500,000 for the proposed apartment project. • • Thanks,and call with any questions. • • Sincerely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor • • A STATE OF EB ` tçt"•• t`ciii•,t¢j pp Q • United States of America, i iii> ��tnrea' sI' E �; Department of State • State of Nebraska ! ss• �fsll(`datil1\%• Lincoln,Nebraska • I, John A. Gale,.S:ecreta \of`S'tate,of Nebraska lo'he ;eb certify; • •-'-...,,;(.." ' ...,,;r 1`, `) '' / fLL;°•� f: S'l:i"rl) E , rc ? i .,'i -'k �,. the attached•is''a true a•nd cmrrecticopy of tl�,e Ai ticjesyof O?g nization • of '`� i`'''r cas. .t. 1. 1.,;;.,'.?,1 ;� • i. r, k,??. 8TH'S�TREE' TOWNS, L :C. ;`l; {' with its!r�g`istel-ed office loca>tec� in OMA; ;'�Yebraska,.."slfilea 'this • • offic 'p Noveinhex,2Q:,,2O08.. ,. 7 :-,.) ;%I I J c . I,I 4k •• \''••- U (t 1d t 1 1 / ,1�. I a:) '• h , • In Testiiin'bn n ''°'' ` ` A. • ,.,,,:,.,,. a i :I'b ye hereu to;s t. y' and �?V ereb�'<;; ..,),•.. n �haltd •n • "`'"'�'`l1 I �i,i' affixed the Grea' Seal of the;State '.qr.. •f,.1: {':lit"., '+I 'il - •• °) t' I t �(r ��r • \ !'_, I of,,l e' raska�5gil'Noveml er`20 2008. • it ,,'i ? ,f., • �:. t �S u' rt • ` iM ® • - `Qoe aOIA s.Nkug0� fit '1 ;i- / 466(_______„. ,.:. JooJE S l',4�‘`\q0 :.. • ::�: O-onn s,- r i4 ,oh ,_, SECRETARY OF STATE • : ; rn/5 y '. i ff4.) 7/Ft " > o `'A/® 5{Ey • i , 0 j<ti t r x tl4J;1N W °n" n ii� .a,1,p ,} x Fr. This certificate is not to be construed as an endorsement, • 1�6�`1 ti;�S� #, ;` recommendation, or notice of approval of the entity's • y4 lire. ° ^nonnnn. 6'1 r k\�d ketir t•_ l ,•,;`, '{;' financial condition or business activities and radices. • �p s' $ p ADO �'� � t 5tzb. • • — g: O Fyilmn. O g te W w 7 tg 3111 I- i16_c F I . n • o 1 1_- - Wa n. r. w =„1 n .. 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W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O 411 NE Sec of • IW1J)JLl1LIJI1lf1iIfii!ItIIiIlTIiiCo• ns: Filed: 1 1/20/2008 11:21 AM • , ARTICLES OF ORGANIZATION • OF 8TH STREET TOWNS,LLC • The undersigned, desiring to form a limited liability company (the "Company") under the Nebraska Limited Liability Company Act(the"Act")hereby states as follows: • • Article I:NAME • The name of the Company is"81h Street Towns,LLC." • Article II: PURPOSE • • The Company may conduct any lawful business as allowed by law. • Article III: PRINCIPAL PLACE OF BUSINESS • The principal place of business of the Company in Nebraska is 701 South 15't'Street, Studio 100, • Omaha,Nebraska,68102. • Article IV: CAPITAL CONTRIBUTIONS • Capital Contributed. The total amount of cash contributed to the Company by the members as • stated capital is$100.00 and no property other than cash was contributed. • Additional Contributions. The members may make additional contributions to the capital of the • • ) Company at such times and in such amounts as the members may determine in accordance with the • Operating Agreement of the Company. • Article V: ADDITIONAL MEMBERS • Additional members may be admitted to the Company by the members at such times and upon • such terms and conditions as are provided in the Operating Agreement of the Company. • Article VI: MANAGEMENT AND ADMINISTRATION • The business and affairs of the Company shall be managed by a manager. The administration and regulation of the affairs of the Company shall be governed in the Operating Agreement of the Company. • The name and address of the initial manager is Bluestone Development, LLC, 701 South 15th Street, • Studio 100,Omaha„Nebraska,68102. • Article VII:REGISTERED AGENT AND OFFICE • The name and address of the registered agent of the Company is Robert W. Rieke, 500 Energy • Plaza, 409 South 17th Street,Omaha,Nebraska 68102. • EXECUTED by the undersigned Organizer on the 11— day of November,2008. • • 1)1/4))1/4V,14-6/if • ) Robert W. Rieke,Organizer • • • W495577.0I Articles of Organization • • 3111 I- i16_c F I . n • o 1 1_- - Wa n. r. w =„1 n .. Ww ¢¢ p e ns $; ET, R 3 •III 3 sg tlp 4 E E Y 6 s [I Q F m — Ia Ft' k 1 x • s y Y s > -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • • .. • * Audited Financial Statements • Application Requirement "L" • • • 8th Street Towns, LLC is a privately held company. Financial • statements are available upon request by the City. These • financial statement are not to be part of the public record. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • f m G V. • S -' • ` tl ,g G - E c N a 2 2 m E v • r current banking relationship U. S. Bank will strongly consider a construction loan of$2,500,000 • and Tax Increment financing of$500,000 for the proposed apartment project. • • Thanks,and call with any questions. • • Sincerely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor • • • • Cost - Benefit Analysis • Application Requirement "M" • • • The request meets the necessary requirements for consideration. The • site is in an area that has been declared blighted and substandard. • The TIF proceeds are to be used to cover any public improvement costs with the remaining balance of the TIF to be used for project- • specific TIF eligible costs. The proposed TIF will be used to offset site • preparation and public improvement costs as required and to defray • other site development costs that are eligible activities. • The site is being utilized at its fullest and best economic use. The site • is currently vacant and underutilized with marginal tax value. The • project will bring additional, affordable residential rental housing units • to the market. • The use of TIF will not result in tax shifts. The current level of taxes • will continue to flow to the current taxing entities and only the • increased value of revenues resulting from the improvements will be • applied to the cost of the improvements. • No community public service need will be generated as a result of this project. The development of this site will provide employment by • increasing the demand for personal services and employees to provide • these services. The creation of additional, affordable housing will • increase employment opportunities and other economic opportunities • by increasing the demand for goods and services. • The development will cause an increase in traffic in the area; • however, the current street system is able to accommodate the • project. The creation of additional, affordable housing opportunities • justifies the cost associated with the project. The long-term benefits • resulting from the increase in the tax base are other valid • justifications to provide assistance to the project. • • • • • • • • • • . Rieke, 500 Energy • Plaza, 409 South 17th Street,Omaha,Nebraska 68102. • EXECUTED by the undersigned Organizer on the 11— day of November,2008. • • 1)1/4))1/4V,14-6/if • ) Robert W. Rieke,Organizer • • • W495577.0I Articles of Organization • • 3111 I- i16_c F I . n • o 1 1_- - Wa n. r. w =„1 n .. Ww ¢¢ p e ns $; ET, R 3 •III 3 sg tlp 4 E E Y 6 s [I Q F m — Ia Ft' k 1 x • s y Y s > -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O • • • Market Study • Application Requirement "N" • •• A market study was completed by Tracy Cross and Associates (who Bluestone has used in the past for other market studies) in • August 2011 and is excerpted here. The full report is available • upon request by the City but is not to be part of the public • record. • • The rent structure and absorption forecasts were based upon a number of factors including • the strength of the Omaha apartment market as a whole; the strength of the market in the Central and Midtown areas where other developments will impose the most direct source of • competitive interference; and the positioning of 8th Street Lofts in proper context of its • competitive environment. These factors are discussed below • The Overall Market In Omaha, apartment absorption has been quite strong. Last • year, for example, net absorption in Douglas and Sarpy counties was near the 1,600-unit mark with this volume • representing the highest level in the region over the last • eleven years and being more than triple the annual rate witnessed in the two-county area during the 1999-2009 • period. • The high level of absorption in 2010 also led to a sharp decline • in vacancies. Among all asset classifications, and as reported • by Reis, Inc., vacancies in Douglas and Sarpy counties at year- , • end 2010 stood at 4.9 percent representing significant improvement from an average high of 6.4 percent recorded • during the 2003-2006 period. • The More • Localized Market In the Central and Midtown submarkets of metropolitan • Omaha, a total of 43 separate apartment communities were surveyed as an integral part of this analysis. These • developments contain a total of 5,030 units including 1,733 in • the Central area along with 3,297 in Midtown. All of these communities represent developments constructed and/or fully • renovated since 1985. • Vacancies among all newer apartment programs in the Central • and Midtown submarkets currently stand at 5.0 percent, • evidence of a balanced market condition. By submarket, an overall vacancy rate of 5.5 percent was noted for the Central • area with the rate standing at 5.0 percent in Midtown. • Among stabilized communities, excluding developments which • have not been open long enough to reach their occupancy • potential, the vacancy rate falls to just 3.0 percent indicative of a tight market. In this stabilized category, vacancy rates • • • I . -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O 1 • • • range from a low of 2.6 percent in the Central area to a high of • only 3.2 percent in Midtown. • Positioning of • fith Street Lofts Our findings illustrate the benchmark rent position of 8th Street Lofts against all rental competition in the Central and Midtown • areas constructed and/or fully renovated after 1995. As • shown, the proposed community has been placed directly on market when compared to available substitutes either • downtown or immediately to the west and under communities • that are newer or that occupy a location that should be viewed • as superior. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ely, • • • • • Stephen G. Bodner • Senior Vice President • • • • • • • • • usbank.com • • / Approved... Mayor 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 /=2 3 0 RECEIVED BYef- v- - .( l'AlkliNG MADE DATE MAILED / -/ 1 / a- e region over the last • eleven years and being more than triple the annual rate witnessed in the two-county area during the 1999-2009 • period. • The high level of absorption in 2010 also led to a sharp decline • in vacancies. Among all asset classifications, and as reported • by Reis, Inc., vacancies in Douglas and Sarpy counties at year- , • end 2010 stood at 4.9 percent representing significant improvement from an average high of 6.4 percent recorded • during the 2003-2006 period. • The More • Localized Market In the Central and Midtown submarkets of metropolitan • Omaha, a total of 43 separate apartment communities were surveyed as an integral part of this analysis. These • developments contain a total of 5,030 units including 1,733 in • the Central area along with 3,297 in Midtown. All of these communities represent developments constructed and/or fully • renovated since 1985. • Vacancies among all newer apartment programs in the Central • and Midtown submarkets currently stand at 5.0 percent, • evidence of a balanced market condition. By submarket, an overall vacancy rate of 5.5 percent was noted for the Central • area with the rate standing at 5.0 percent in Midtown. • Among stabilized communities, excluding developments which • have not been open long enough to reach their occupancy • potential, the vacancy rate falls to just 3.0 percent indicative of a tight market. In this stabilized category, vacancy rates • • • I . -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O NF City o - Omaha, J'slebras&a �1 I 44, all I rifirr rr 1819 Farnam—Suite LC 1 r �� Omaha, Nebraska 68183-0112 0�: AL ''?_;., Buster Brown (402) 444-5550 i0 City Clerk FAX (402) 444-5263 O�'TE p FEB!i "NOTICE TO TAXING AUTHORITY" Notice is hereby given that the Omaha City Council has set Tuesday, January 31, 2012 at 2:00 p.m. as the date of Public Hearing on the 8th Street Towns, LLC Tax Increment Financing Redevelopment Project Plan. The 8th Street Towns, LLC Tax Increment Financing Redevelopment Project Plan, located at 8th and Pacific Streets is part of the 38-unit condo development, Towns of Little Italy, completed in 2008 within the Little Italy neighborhood of the Dahlman Neighborhood Association. This plan contemplates the new construction of a 47-unit, market-rate apartment building consisting mostly of studios and 6 two-bedroom units in addition to on-site parking. Tax Increment Financing in an amount up to $490,000.00 will be used to offset the cost of acquisition, site work, architectural and engineering which includes $12,000.00 of TIF used for public improvements. The total estimated project cost is $3,685,000.00. A copy of said plan is available for public inspection in the City Clerk's Office. Public Hearing will be held before the City Council of the City of Omaha, in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha, Nebraska. Buster Brown City Clerk t In the Central and Midtown submarkets of metropolitan • Omaha, a total of 43 separate apartment communities were surveyed as an integral part of this analysis. These • developments contain a total of 5,030 units including 1,733 in • the Central area along with 3,297 in Midtown. All of these communities represent developments constructed and/or fully • renovated since 1985. • Vacancies among all newer apartment programs in the Central • and Midtown submarkets currently stand at 5.0 percent, • evidence of a balanced market condition. By submarket, an overall vacancy rate of 5.5 percent was noted for the Central • area with the rate standing at 5.0 percent in Midtown. • Among stabilized communities, excluding developments which • have not been open long enough to reach their occupancy • potential, the vacancy rate falls to just 3.0 percent indicative of a tight market. In this stabilized category, vacancy rates • • • I . -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O v - CASE: C11-11-209, C10-11-210 19 APPLICANT: Christian Christensen REQUEST: Rezoning from HI/ACI-I (PL) to R8/ACI-I.(PL) and approval of a Planned Unit • Development Overlay District LOCATION: Southwest of 8th and Pacific Streets SUBJECT AREA IS SHADED - DECEMBER 2011 ■ . Rip ▪ . CBD-ACI-1(PL) 1 mese • mill II ■ H■ 1(F('L) 1 ' -ACI-1(P ) ■ ■ ■ ... _ - -Pacific-..S#._....... - --.-....__.. . Ipituiuuu HI-ACI- 1 .....,,� ,0r4 X . H iiii -C 111 IligrillIlli91 Milt 85 ,'- Il7NBC13 c1� co 1:1 ■ N N = D-NCE- R ..._.— i -iz------ i C - ilIl ; . ....— _._.!_ .._._... -Pierce-St . . ' a NCE-. an 8 - - R7-NC.E-C C-NCE- e. 1 i F© 4 R7 ROpillr.Thresmfre, _...� °I1P. - [:li I N 0 500 L.-...ix. .-1 Feet ,000.00. A copy of said plan is available for public inspection in the City Clerk's Office. Public Hearing will be held before the City Council of the City of Omaha, in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha, Nebraska. Buster Brown City Clerk t In the Central and Midtown submarkets of metropolitan • Omaha, a total of 43 separate apartment communities were surveyed as an integral part of this analysis. These • developments contain a total of 5,030 units including 1,733 in • the Central area along with 3,297 in Midtown. All of these communities represent developments constructed and/or fully • renovated since 1985. • Vacancies among all newer apartment programs in the Central • and Midtown submarkets currently stand at 5.0 percent, • evidence of a balanced market condition. By submarket, an overall vacancy rate of 5.5 percent was noted for the Central • area with the rate standing at 5.0 percent in Midtown. • Among stabilized communities, excluding developments which • have not been open long enough to reach their occupancy • potential, the vacancy rate falls to just 3.0 percent indicative of a tight market. In this stabilized category, vacancy rates • • • I . -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O C-25A CITY OF OMAHA LEGISLATIVE CHAMBER 1 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 coinply. 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 8th Street Towns, LLC Tax Increment Financing (TIF) Redevelopment Project Plan for the redevelopment project site located at 8th and Pacific Streets contemplating the new construction of a 47-unit, market-rate apartment building consisting of mostly studios and 6 two-bedroom units in addition to on-site parking, recommending the City's participation through the allocation of Tax Increment Financing (TIF) in an amount up to $490,000.00 to offset the costs of acquisition, site work, architectural and engineering, which includes $12,000.00 for public improvements, containing a provision for the division of ad valorem taxes under Section 18-2147 through 18-2150, Revised Statutes of Nebraska, as recommended by the City Planning Department, be and hereby is-approved. APPROVED AS TO FORM: $ , a— CITY ATTORNEY DATE Plnlsfl634-res arMatej /ir • By • cilmember Adopted JA 31 2012 o Ci C k / 62 h' Approved . .. Mayor of these communities represent developments constructed and/or fully • renovated since 1985. • Vacancies among all newer apartment programs in the Central • and Midtown submarkets currently stand at 5.0 percent, • evidence of a balanced market condition. By submarket, an overall vacancy rate of 5.5 percent was noted for the Central • area with the rate standing at 5.0 percent in Midtown. • Among stabilized communities, excluding developments which • have not been open long enough to reach their occupancy • potential, the vacancy rate falls to just 3.0 percent indicative of a tight market. In this stabilized category, vacancy rates • • • I . -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O n 'ins 0 0 CD v' .A. p �. i O n CD C .. icy W A .0 0 00 C•' Qq 0 5.'LS 0. 5+ p •p P� kCt l�V ‘.� C+ I & I, CD C O C r4 O , 5. ,-'r fi J v nO O N 54 P) U r '\x v H. CD CD Z \i ,C • 0 ~ O ¢ n `C.", 0. 0Q� ncy p . �jt c) On `C �, R. v' .O C OoViti ? O N coo ` F �° . C o0 . ' B P- OQ �' n b� ON 6�N�O O . ago 0 CD O O CD A O ., . ,... -• , ?::::, N.\ ......, ... .., . ., ,.., ,,, p4 „„ . ..., CD < fa. t'D ,..-.,. CD : I ,I, e+. H as.` i- itt• ...,C4 'a PD E ,4- •-1 g t141 ais • • %., x , onsisting of mostly studios and 6 two-bedroom units in addition to on-site parking, recommending the City's participation through the allocation of Tax Increment Financing (TIF) in an amount up to $490,000.00 to offset the costs of acquisition, site work, architectural and engineering, which includes $12,000.00 for public improvements, containing a provision for the division of ad valorem taxes under Section 18-2147 through 18-2150, Revised Statutes of Nebraska, as recommended by the City Planning Department, be and hereby is-approved. APPROVED AS TO FORM: $ , a— CITY ATTORNEY DATE Plnlsfl634-res arMatej /ir • By • cilmember Adopted JA 31 2012 o Ci C k / 62 h' Approved . .. Mayor of these communities represent developments constructed and/or fully • renovated since 1985. • Vacancies among all newer apartment programs in the Central • and Midtown submarkets currently stand at 5.0 percent, • evidence of a balanced market condition. By submarket, an overall vacancy rate of 5.5 percent was noted for the Central • area with the rate standing at 5.0 percent in Midtown. • Among stabilized communities, excluding developments which • have not been open long enough to reach their occupancy • potential, the vacancy rate falls to just 3.0 percent indicative of a tight market. In this stabilized category, vacancy rates • • • I . -1?- } — N • — M n — • Y • —1 I I I I 2I e I m I a I N I U h r- 4 ;i b - ,,, , 17 A 1- cr) 2 • ' 2 4 2 e 1r , _r . , ,•, .1— 7 ,__„ 11 1 e :. •RE ; i • — e . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O "NOTICE TO PUBLIC" .I THE DAILY RECORD NOTICE OF PUBLIC HEARING ON THE 8th STREET TOWNS,LLC TAX INCREMENT OF OMr TT 4. FINANCING REDEVELOPMENT AHA PROTECT PLAN Notice is hereby given that the Omaha City LYNDA K. HENNINGSEN, Publisher Council:00has set date of 3acuary 31,2012 the at PROOF OF PUBLICATION 2:00 p.m.as the date of Public Hearing on the 8"' Street Towns, LLC Tax Increment Financing Redevelopment Project Plan. The 8th Street Towns, LLC Tax Increment UNITED STATES OF AMERICA, Financing Redevelopment Project Plan,located at 8th and Pacific Streets Is part of the 38-unit condo The State of Nebraska, SS. development,Towns of Little Italy,completed In District of Nebraska, 2008 within the Little Italy neighborhood of the Dahlman Neighborhood Association. This plan County of Douglas, contemplates the new construction of a 47-unit, City of Omaha, market-rate apartment building consisting mostly of studios and 6 two-bedroom units in addition to on-site parking. Tax Increment Financing In an J.BOYD amount up to$490,000.00 will be used to offset the cost of acquisition, site work, architectural being duly sworn,deposes and says that she is and engineering which Includes $12,000.00 of TIE used,for public Improvements. The total. LEGAL EDITOR estimated project cost is$3,685,000.00. A copy of said plan Is-available for,pudic, of THE DAILY RECORD, of Omaha, a legal newspaper,printed and inspection the City Cleric's Office. Public Hearing wR be held before the City published daily in the English language, having a bona fide paid Council of the City of Omaha,In the Legislative circulation in Douglas County in excess of 300 copies, printed in Chambers, Omaha/Douglas Civic Center, 1819 Famam street,Omaha,-Nebraska. Omaha,in said County of Douglas,for more than fifty-two weeks last BUSTER BROWN, past; that the printed notice hereto attached was published in THE - City Clerk AU. REQUESTS FOR SIGN LANGUAGE DAILY RECORD,of Omaha,on INTERPRETERS (SIGNERS) WILL REQUIRE A MINIMUMbF48 HOURS ADVANCE NOTICE. January 12 and 19 , 2012 IF ALTERNATIVE FORMATS ARE NEEDED ALL REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS'ADVANCE NOTICE. PLEASE NOTIFY CINDY FORD THINNES - 444-5553, IF ARRANGEMENTS NEED TO BE MADE. _ hl-12619.12 -, That said Newspaper during that time •gularly published and in general,.' tion in the County of Do I : ail tate of Nebraska. y N' MOSyF,0 r�` PSL•'NERA/. Subscribed in my ••e Ice and sworn to bef: • ( s 'sF $t 76 me this 19th .ay .f klaiti r�V'Q ss $ .. 8 , ✓ .I P Total Sp, �� MAY 6.2� Pc� Notary Public' 1'r Po•g as 'ounty, s/4.7- C VHF% S .to . 'ebr: a . --. .-.'• • , ;, Mk III I— 21,1@1 _...c0 !L-,•.• r= 1 L1g-.2 ,k,1V18H3S91in.n4-Hi4 k§Ht.11§kt gxit.. - -- • E Z 1H13 .. e e z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. W O C) O O O O O O O O O O O ' O O CD 0 1-1 hH CO O O 0 O O O 0 CD CD O O CD CD O O CD O li, f "NOTICE TO PUBLIC" NOTICE OF PUBLIC HEARING ON THE Proof of publication 8th STREET TOWNS,LLC TAX INCREMENT FINANCING REDEVELOP- MENT PROJECT PLAN Notice is herebygiven that the Omaha City AFFIDAVIT Council has set Tues- day,January 31,2012 at 2:00 p.m.as the date of Public Hearing on the 8th Street Towns, LLC Tax Increment Financ- ing• Redevelopment State of Nebraska, County of Douglas, ss: Project Plan. The 8th Street Towns, LLC an Tax Increment - TracyThompson, dulysworn,deposes and says that he/she is an employee Fi- nancing Redevelop-1 P �being P Y ment Project Plan, lo- cated at 8th and Pacific of The Omaha World-Herald, a legal dailynewspaper and published in Streets is part of thegprinted 38-unit condo develop- ment, wnso� Loe the county of Douglas and State of Nebraska, and of general circulation in the n completedn i within the Little Italy neighborhood of the Counties of Douglas, and Sarpyand State of Nebraska, and that the attached Dahlman Neighborhood g Association. This plan contemplates the new printed notice was published two consecutive weeks in the said newspaper the construction of a 47- unit, market-rate apartment ons s ng mostly of first insertion having been on January 12, 2012 and thereafter on January 19, bedroom and S 6 addii- , 2012,and that said newspaper is a legal newspaper under the statutes of the State tion to on-site parking. Tax Increment Financ- ing in an amount up to . of Nebraska. The above facts are within my personal knowledge. The Omaha ' $490 000.00 will be used to offset the cost of ac- • quisition,sitework, r ,ar- - World-Herald has an average circulation of 145,620•Daily and 179,203 Sunday, chitecturneering which includes $12,000.00 of TIF used in 2012. for public improve- • ments. The total esti- mated project cost is • $3,685,000.00. A copy of said plan is available for public in- spection in the City Clerk's Office. (Signed) ( if, Title:Account Executive Public Hearing will be held before the City Council of the City of Omaha in the Legisla- tive clambers, Omaha Subscribed in mypresence and sworn to before me this / dayof /Douglas Civic Center, 1819 Farnam Street, ��A'� Omaha,Nebraska. �1 uwr1 ,2012. Buster Brown 1 I City Clerk ALL REQUESTS FOR j GENERAL NOTARY State of Nebraska r SIGN LANGUAGE INTER- MARCIA A.GUSTAFSON INTER- PRETERS(SIGNERS) Q/ DY\ WILL REQUIRE A MINI- Y M Comm.Exp.June 30,2012 MUM OF 48 HOURS t Notary ublic ADVANCE NOTICE.. IF ALTERNATIVE FOR- MATS ARE NEEDED ALL REQOESTS WILL REQUIRE A MINIMUM OF 72 HOURS ADVANCE NOTICE. PLEASE NOTIFY CINDY FORD THINNES- 444.5553, Printer's Fee$ IF ARRANGEMENTS NEED TO BE MADE. Affidavit Paid By '.,. , ,: t - . - ,, In r' .1-1 ., , • 'Ir. ..Ji j \ r .. r:. 1 , .:1 . I 'i 'I. "lair., ' 1 '1,. 1' , ')•-1't' l.J. z III — H.LOIM e : = II :1 Li ; ?.1 0 . 0. . t Z1 • — ED-- , , kf c• — a o _ • i• , , •••. ._±, 4 , ' *_ '. I, cr . I co , iRi ,1 • ,_ i, •! (-.) , ../.1. 11-0, i 1\ IQ =a+ It :., t E I I 2 i'..!:.q.! 1 ii ..z 2 4 _ • _ ' g \ b5t5 9 i - ri -co = ,1...-.7, i; Z . ' 11 P: u - - I-- , .& • , , _ O I ii., t ei; I- \\ ' ; , 4 '1' LI 07 7:70 Oi.. 1 LT, ... E :!L LI - _ 4 , ''''':-. :6'..L"@ F. — • 0 ton 9,30,A 5 11: k ' .... , Mina..X3•• E . F,7:1'; > • :7 b• t .3 ' 0 0 il. U , Z . ... 1.S. , 3. 1 TInd M :7:: 2 • - t• , e . v' c) k4 o k '• * 0, alrld fI3111 •• rdni 5 - fg. tintr13 LT, .=It fli i a • 3 t.... ,6 limaliCI,1 ai L.. !Mimi 1..1.nti S ''''''' g 0 • e c> 0 e a. U- 1 ...,,,,8::::-. -1 III mf g ._ - _ , 4i 2 5. , la111211%4 1EE E „7,71 .''5 71. • z ?',, 1ISMI4k&riet. ,. ?ALM < L.X x fi §., ' .1.... ' o • _ . .6 ,..z...... - ,. , ..... 41.1.., . ..ea 411 >_ :-... laity i I 2:1:22.474 2 • ^ . ." I ' I ." I I —I ,' I --' I '' i N I = I I ' I ' I I • W O W . Z CDHOH0OD Ox0.C7 O Z O to H > H •J O C4 O r4 O 124x O 124 x 0• 01 • LU I)1 UF-1 .ZC] O OL14004004OZoCnOCJOHOHHOHO01UM0MUEM0Ed' E ,' Wt- >. CD H 124 E C7 '4 r< 3 w X Z Z Z Z a, Z a co )x a Q W E E ,r, ZN ,r, ` Z W U o01O Cqo EOmo G4o4, o Eo X CDr4 H (Y' H U H U H U C] H U CI H U H U H O d'' H E. 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