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RES 2011-1398 - Roseland Theatre Apartments TIF redevelopment project plan F°;; "�e.Q, Planning Department v� y.�..5�� Omaha/Douglas Civic Center 1,�� i ��I�(C�1�'�k 1819 Farnam Street,Suite 1100 ^ 1'`' 1 �i �®.1 ritai h , ! s " Omaha,Nebraska 68183 off;'•' -42 �'"F (442)444 5150 op �ro ';. "'`' ( `. Telefax(402)444-6140 �rFn FeaR°r r R R.E.Cunningham,RA,F.SAME City of Omaha Director Jim Suttle,Mayor November 22, 2011 Honorable President and Members of the City Council, The attached Resolution transmits the Roseland Theatre Apartments Tax Increment Financing (TIF) Redevelopment Project Plan for a project located at 4932 South 24th Street. The project is part of the Roseland Theatre Building, currently listed on the National Register of Historic Places, which consists of two commercial bays, 17 apartment units, and an underground parking structure. This TIF project represents the rehabilitation of the 17 apartment units and the underground parking structure of this building. The commercial bays are in good condition and are not part of this rehabilitation. This project was rehabilitated in 1987 using TIF and other public funds. It is not the City's practice to allow TIF to be used again on a project .that previously received TIF. However, due to the City's recent investment in the South Omaha Business District area to encourage a revitalization of the area,the historic status of this property, completely new ownership and new property management oversight of this project, and the need to provide decent, safe, sanitary, and affordable housing, this project was determined to be appropriate for the use of TIF. The project consists of approximately 9,815 s.f. of apartment space and basement parking of approximately 8,544 s.f. The unit mix of apartments is and will remain 8 studios, 6 one-bedroom and 3 two-bedroom units. There are approximately 14 parking stalls underneath the building. 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 $87,434.00 to offset the costs of acquisition, site work, demolition, architectural and engineering, rehabilitation costs, and public improvements for which at least $15,000.00 of the TIF will be used. The estimated total project cost is $1,875,107.00. I NOTICE.IF ALTERNA- TIVE FORMATS ARE NEEDED ALL REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS 11 ADVANCE NOTICE. PLEASE NOTIFY CINDY Printer's Fee$ FORD THINNES- 444-5553, IF ARRANGE- Affidavit MENT MADE.TO BE Paid By this 1st d y of �.i Decembe• 11 A •itiohal Copies 2 i 1 MAY6,2 •: ::151 111,\�SiVIE OF N ' Notary Public i :r d .r I o tufty,•a St: e o 'ebrask: obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you,do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. e redevelopment of adjacent properties along Park Avenue. • 1 N N N N N N N N N M 1-• >d f M W M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M 000000000000000000000000000000 000000000000000000000000000000 000000000000000000000000000000 x 000000000000000000000000000000 y R I 000000000000000000000000000000 d F- d fV N N N N N N N N N N N N N (V N N (V N N N N N N N fV N N N N E J () d N� — d • LM• v) d H c V V V V V V V V V V V V V V V V V V V V V 7t V V V V y O o • W W W W W W W W W W W W W W W W W W W W W W W W W CI•- d c ' . 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W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Honorable President and Members of the City Council, Page 2 Your favorable consideration of this Resolution will be appreciated. Respectfully submitted, Referred to City Council for Consideration: lb LLB_ ,f���.�i_ �� Zo/l //•8�• // . Cunningham, arglir► ' Date Mayor's Office Date 1 i'lanning Director Approved: 6 gli-�e I/-8-f( Pam Spaccarotella Date Robert G. Stubbe, P.E. Date Finance Director Public Works Director Notice of Publication: November 24 and December 1, 2011 Public Hearing: December 13, 2011 Plnlsf1618-cover letter b22,2012 • • istributing or taking any action in reliance on the contents of this information is strictly prohibited. i 7. • u. 1 Points Bank li n Enclosed Revised 03/99 EXHIBIT "B" ROSELAND THEATRE APARTMENTS TIF REDEVELOPMENT PROJECT PLAN 4932 SOUTH 24TH STREET NOVEMBER 2011 (TVOLLIA, I4+P`���> r.- ��'.4,,.f'/ 4► i O4 id '1ED FEaR4 PLANNING•OMAHA Jim Suttle, Mayor City of Omaha R. E. Cunningham, RA, F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 on: November 24 and December 1, 2011 Public Hearing: December 13, 2011 Plnlsf1618-cover letter b22,2012 • • istributing or taking any action in reliance on the contents of this information is strictly prohibited. i 7. • u. 1 Points Bank li n Enclosed Revised 03/99 INTER-OFFICE COMMUNICATION City of Omaha,Nebraska Planning Department TO: Chairman and Members of the Planning Board FROM: R.E.Cunningham,RA,F.SAME t Planning Director DATE: October 3,2011 SUBJECT: ROSELAND THEATRE APARTMENTS TIF REDEVELOPMENT PROJECT PLAN 4932 South 24th Street This project is part of the Roseland Theatre Building which consists of two commercial bays,17 apartment units,and an underground parking structure. This TIF project represents the rehabilitation of the 17 apartment units and the underground parking structure of this building which exhibit many deferred maintenance items-certain structural elements and building systems,in addition to ADA accessibility issues were identified as concerns in the Capital Needs Assessment obtained by the new developer. This building is currently listed on the National Register of Historic Places and was rehabilitated in 1987 using TIF and other public funds. The commercial bays are in good condition and are not part of this rehabilitation. This building is located along the South 24th Street Business Corridor where the city has invested millions of public dollars to improve the streetscape. The city's previous participation in the redevelopment of this project was$500,000.00 in Community Development Block Grant Funds-Deferred Payment Loan and$80,000.00 in TIF to convert the former theater into two commercial bays and 17 apartment units. The owner allowed the project to decline into its current condition of deterioration. A new developer,Central States Development,LLC is acquiring the property to substantially re-rehabilitate the property for low-income housing tenants,and will use new property management. Due to the historic status of this property,its inclusion along the South 24th Street Business Corridor and the need to provide decent,safe and sanitary and affordable housing,the developer and new owner is seeking the use of TIF. (Policies are being put in place to limit the number of times a project can receive TIF.) The building consists of a three-stories,approximately 13,463 sf the apartments comprise-approximately 9,815 sf of the building-and basement parking of approximately 8,544 sf. The unit mix of apartments is and will remain 8 studios,6 one-bedroom and 3 two-bedroom units. There are approximately 14 parking stalls underneath the building. The project site is currently zoned NBD and has existing utilities and infrastructure. The project will be required to comply with all Planning Department and Planning Board recommendations. The TIF request is for$87,434.00,which will offset costs of acquisition,sitework,demolition,architectural and engineering,rehabilitation costs and public improvements on-and off-site to this project. Total estimated project costs are$1,875,107.00. This plan presents a project based on estimated figures and projections that are subject to change as project costs are finalized. The project site and area meet the requirements of Nebraska Community Development Law and qualify for the submission of an application for the utilization of Tax Increment Financing to cover costs associated with project development as submitted for approval through the Tax Increment Financing BH f adjacent properties along Park Avenue. • 1 N N N N N N N N N M 1-• >d f M W M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M 000000000000000000000000000000 000000000000000000000000000000 000000000000000000000000000000 x 000000000000000000000000000000 y R I 000000000000000000000000000000 d F- d fV N N N N N N N N N N N N N (V N N (V N N N N N N N fV N N N N E J () d N� — d • LM• v) d H c V V V V V V V V V V V V V V V V V V V V V 7t V V V V y O o • W W W W W W W W W W W W W W W W W W W W W W W W W CI•- d c ' . 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O O O�d j C O COS NN 0M 0v13 10000n 00MO0 OCn`-ON 10 MOv 4.— . . N,C; O O O N M v CO 0 N- 0 O O E Q 2 O C N _ W t In m a m c < 1 H u c d R.•U c2) p W`•= co o m o h u t o f c L Q Z F.,0 0 .0 UnOHH 0HOM UM U r UE+ MO N MO N V' E a 0H F CO zW 7w N ri NMwa. 1-1•InOlownwwOrn000F4HOwNOwMFC In .-to 'Ot z-w 0 OcqocqoNoNoEoaop; oU o•UriUPrUGHUqi UiUr10d• Hµd4• H E-I- w . 0 0 0 0 0 0 O .O O O a.H En O O 0 O 0 O O •O 0 O O O 0 0 0 • 0 'a" H › 0 H H X O 0 H P: �l a •'A • UM HO HZ • EZ E • Z • x OH 0 _ I-] E U at W o H H OH HWH 0 ,.10 0.0 00 H .-I EInaCCC��� HInp; Eo o0UE 0 E Cl) NUCoEcD co cOZCD'20 -100 ) H W .- HIxIHH W H W r d' r d' o W 0Z U ItU irl Zr) 4 >4414En4C44 �� FCEFC0 ' Cl) 00.4990H40zr� .401p-14 �A777H4I-7AH434 � HU] Z W 2 MW d' ElntoIHN W coZol000ZHWZNW MWfxv' r4 tnOEtoOHNW cWW0 H O ZW. d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 process.The project is in compliance with the Master Plan,appropriate ordinances and development regulations of the City. DEPARTMENT RECOMMENDATION:Approval. ATTACHMENTS BH I4+P`���> r.- ��'.4,,.f'/ 4► i O4 id '1ED FEaR4 PLANNING•OMAHA Jim Suttle, Mayor City of Omaha R. E. Cunningham, RA, F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 on: November 24 and December 1, 2011 Public Hearing: December 13, 2011 Plnlsf1618-cover letter b22,2012 • • istributing or taking any action in reliance on the contents of this information is strictly prohibited. i 7. • u. 1 Points Bank li n Enclosed Revised 03/99 Roseland T Apartments Project Address: 4932 S. 24th Street Omaha, NE 68102 City of Omaha TIF Application Submitted by: Park Roseland Apartments, LLC By: John C. Foley Central States Development, LLC 740 S. 75 Street Omaha, NE 68114 402-963-9099 x 1 Phone 402-963-9131 Fax F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 on: November 24 and December 1, 2011 Public Hearing: December 13, 2011 Plnlsf1618-cover letter b22,2012 • • istributing or taking any action in reliance on the contents of this information is strictly prohibited. i 7. • u. 1 Points Bank li n Enclosed Revised 03/99 Park Roseland Apartments LLC TIF Application Exhibit A Project Description City of Omaha TIF Application Submitted by: Park Roseland Apartments, LLC By: John C. Foley Central States Development, LLC 740 S. 75 Street Omaha, NE 68114 402-963-9099 x 1 Phone 402-963-9131 Fax F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 on: November 24 and December 1, 2011 Public Hearing: December 13, 2011 Plnlsf1618-cover letter b22,2012 • • istributing or taking any action in reliance on the contents of this information is strictly prohibited. i 7. • u. 1 Points Bank li n Enclosed Revised 03/99 Roseland Theatre Project Description Roseland Theatre Apartments is located at 4932 South 24th Street Omaha, NE. The property includes 17 residential rental units and 2 commercial rental units, and 14 underground parking spaces. Roseland Theater Apartments is an integral part of a neighborhood revitalization plan. The South Omaha Neighborhood Revitalization Strategy Area of the City of Omaha's 2008-2012 Consolidated Plan will be impacted by the renovation and preservation of the Roseland Theater Apartments. The Roseland Theater was built in 1923. It was designed by James T. Allen. The building was listed in National Register in 1989. The building has been converted to 2 commercial units, 8 studio, 6 one bedroom, and 3 two bedroom rental apartments. Sadly the current condition of both buildings is deteriorating due to lack of adequate maintenance, poor security,vandalism, and abuse by residents. The acquisition/renovation plans include a substantial renovation of both complexes which simultaneously preserves the historic nature and addresses the unfortunate condition of the properties. Planned Renovations - Exterior 1. New structural roof improvements 2. Replace center courtyard flooring and improve drainage. 3. Clean and repair fire escapes. 4. Replace siding on exterior wall surfaces in the courtyard 5. Install new courtyard roof and clean and repair steel girding. 6. Install new courtyard lighting 7. Remove and re-build stairway to second floor apartments in courtyard. 8. Remove and re-build upper floor decking in courtyard. 9. Install new seating areas in courtyard. 10. Repair brick exterior walls as necessary (i.e. tuck pointing, sealing) 11. Install security system for all exterior doors. 12. Replace existing windows with new energy efficient windows 13. Replace all exterior doors and door hardware 14. Upgrade and improve exterior landscaping 15. Water-proof foundation as necessary 16. Remove graffiti from exterior walls 17. Repair sidewalks as necessary Planned Renovations — Interior _ 1. Upgrade electrical system as necessary 2. Upgrade plumbing system as necessary 3. Replace existing kitchen cabinets and countertops 4. Install new kitchen appliances (range, refrigerator, dishwasher, microwave). Appliances will meet energy star requirements. 5. Replace existing bathroom vanities, countertops, fixtures. 6. Replace toilets and tub/showers 7. Replace bathroom exhaust system 8. Repair/ replace sub-flooring as necessary 9. Replace vinyl flooring and carpeting throughout property (common space and residential units) 10. Replace window blinds n costs and public improvements on-and off-site to this project. Total estimated project costs are$1,875,107.00. This plan presents a project based on estimated figures and projections that are subject to change as project costs are finalized. The project site and area meet the requirements of Nebraska Community Development Law and qualify for the submission of an application for the utilization of Tax Increment Financing to cover costs associated with project development as submitted for approval through the Tax Increment Financing BH f adjacent properties along Park Avenue. • 1 N N N N N N N N N M 1-• >d f M W M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M 000000000000000000000000000000 000000000000000000000000000000 000000000000000000000000000000 x 000000000000000000000000000000 y R I 000000000000000000000000000000 d F- d fV N N N N N N N N N N N N N (V N N (V N N N N N N N fV N N N N E J () d N� — d • LM• v) d H c V V V V V V V V V V V V V V V V V V V V V 7t V V V V y O o • W W W W W W W W W W W W W W W W W W W W W W W W W CI•- d c ' . " m m m m m m m m m m m m m m m m m m m m m m m m m m c c d l u w�'- M C7 M M 07 C U M M U U C M M M M M M M tl)M M U M M M N O d R l0 W W W W W W W W W W W W W W W W W W W W W W W W W W >,i7 L F N N N N N N N N N N N N N N N N N N N N N N N N N N j0 RF N d 0 H coc M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M S c i FtE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 r)C)O)r)N M r) (y—L V y d0yyN R~ C 0 E dd om E d °' ym $ y'o« Ea a'- y J dV. ivOda PE A Rwa oExcOE. o � 1 , , (D ( ( & m DmO . (00 ,0 ,0D fD ( ,0 ,0 ,0 ,0Om a 2Rdo O c t N t tmmmmmmmmmmmmmmmm waAoaa O ;9 x . Cr)0C)C) MC)r0CC0 0)Or .M cF7• AO WWWWWWWWWWWWWWWWWWWW • V O NNNNNNNNNNNNNNNNNNNNNNNNN 00g ' N« . Ta• r > a M M M M fH M M M M M M M M M M M M M M M M M M M M M M M M M y d O 2. 13 :30O 0 0,-v)N W C) O V M W N W 0 n W W U m ND 0 W x- ) N M M O V tD 0 • y E O r- N M V N W n W m 0 , N y m.00 us en L e d 16 LL d .. N • F- u c e F' d • ' jy!_ R o C) U as f)L C Q Z y S R N u t. O O O�d j C O COS NN 0M 0v13 10000n 00MO0 OCn`-ON 10 MOv 4.— . . N,C; O O O N M v CO 0 N- 0 O O E Q 2 O C N _ W t In m a m c < 1 H u c d R.•U c2) p W`•= co o m o h u t o f c L Q Z F.,0 0 .0 UnOHH 0HOM UM U r UE+ MO N MO N V' E a 0H F CO zW 7w N ri NMwa. 1-1•InOlownwwOrn000F4HOwNOwMFC In .-to 'Ot z-w 0 OcqocqoNoNoEoaop; oU o•UriUPrUGHUqi UiUr10d• Hµd4• H E-I- w . 0 0 0 0 0 0 O .O O O a.H En O O 0 O 0 O O •O 0 O O O 0 0 0 • 0 'a" H › 0 H H X O 0 H P: �l a •'A • UM HO HZ • EZ E • Z • x OH 0 _ I-] E U at W o H H OH HWH 0 ,.10 0.0 00 H .-I EInaCCC��� HInp; Eo o0UE 0 E Cl) NUCoEcD co cOZCD'20 -100 ) H W .- HIxIHH W H W r d' r d' o W 0Z U ItU irl Zr) 4 >4414En4C44 �� FCEFC0 ' Cl) 00.4990H40zr� .401p-14 �A777H4I-7AH434 � HU] Z W 2 MW d' ElntoIHN W coZol000ZHWZNW MWfxv' r4 tnOEtoOHNW cWW0 H O ZW. d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 11. Replace existing HVAC system to meet energy star requirements 12. Replace all interior doors and door hardware. 13. Install new closet systems. 14. Patch and repair all wall surfaces as necessary 15. Replace trim-work as necessary 16. Repair stairways, stair treads and install new handrails 17. Repair and /or replace wood flooring 18. Repaint walls with low VOC paint 19. Repair/ replace drainage system in underground parking lot. 20. Install new vent system in underground parking lot. 21. Install new energy efficient interior lighting fixtures 22. Install free internet access for all residents 23. Install new energy efficient water heaters 24. Assess and install new washers /dryers in common laundry We have applied and been awarded Low Income Housing Tax Credits from the Nebraska Investment Finance Authority (NIFA). The State Historic Society has provided a letter stating that the project(s) are eligible for Historic Tax Credits. An application is pending for Federal Home Loan Bank of Topeka - Affordable Housing Program funds. Lastly, the City of Omaha has provided a letter stating the property is eligible to receive Tax Increment Financing. This is an important transaction which has a long term preservation impact upon housing in the City of Omaha. This transaction preserves and improves affordable housing inventory. Please give this unique opportunity serious consideration as this will provide a new creative means to serve the affordable housing market in the South Omaha areas. courtyard. 8. Remove and re-build upper floor decking in courtyard. 9. Install new seating areas in courtyard. 10. Repair brick exterior walls as necessary (i.e. tuck pointing, sealing) 11. Install security system for all exterior doors. 12. Replace existing windows with new energy efficient windows 13. Replace all exterior doors and door hardware 14. Upgrade and improve exterior landscaping 15. Water-proof foundation as necessary 16. Remove graffiti from exterior walls 17. Repair sidewalks as necessary Planned Renovations — Interior _ 1. Upgrade electrical system as necessary 2. Upgrade plumbing system as necessary 3. Replace existing kitchen cabinets and countertops 4. Install new kitchen appliances (range, refrigerator, dishwasher, microwave). Appliances will meet energy star requirements. 5. Replace existing bathroom vanities, countertops, fixtures. 6. Replace toilets and tub/showers 7. Replace bathroom exhaust system 8. Repair/ replace sub-flooring as necessary 9. Replace vinyl flooring and carpeting throughout property (common space and residential units) 10. Replace window blinds n costs and public improvements on-and off-site to this project. Total estimated project costs are$1,875,107.00. This plan presents a project based on estimated figures and projections that are subject to change as project costs are finalized. The project site and area meet the requirements of Nebraska Community Development Law and qualify for the submission of an application for the utilization of Tax Increment Financing to cover costs associated with project development as submitted for approval through the Tax Increment Financing BH f adjacent properties along Park Avenue. • 1 N N N N N N N N N M 1-• >d f M W M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M 000000000000000000000000000000 000000000000000000000000000000 000000000000000000000000000000 x 000000000000000000000000000000 y R I 000000000000000000000000000000 d F- d fV N N N N N N N N N N N N N (V N N (V N N N N N N N fV N N N N E J () d N� — d • LM• v) d H c V V V V V V V V V V V V V V V V V V V V V 7t V V V V y O o • W W W W W W W W W W W W W W W W W W W W W W W W W CI•- d c ' . 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W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • Park Roseland Apartments LLC TIF Application Exhibit B Development Financing Plan of Omaha TIF Application Submitted by: Park Roseland Apartments, LLC By: John C. Foley Central States Development, LLC 740 S. 75 Street Omaha, NE 68114 402-963-9099 x 1 Phone 402-963-9131 Fax F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 on: November 24 and December 1, 2011 Public Hearing: December 13, 2011 Plnlsf1618-cover letter b22,2012 • • istributing or taking any action in reliance on the contents of this information is strictly prohibited. i 7. • u. 1 Points Bank li n Enclosed Revised 03/99 Roseland Theatre Redevelopment TIF Application Exhibit B—Development Financing Plan/Sources of Funds/Loan Terms • The funding for the above referenced project includes: • Low Income Housing Tax Credits (LIHTC) in the amount of$1,540,103. The National Equity Fund has agreed to purchase the Low Income Housing Tax Credits for the sum of$1,175,906. • Five Points Bank has provided a letter of interest to provide permanent financing in the amount of$190,732. • The Federal Home Loan Bank of Topeka is in receipt of an application for Affordable Housing Program funds in the amount of$165,854 • The Nebraska State Historic Society has provided a letter of interest to provide historic tax credit equity in the amount of$223,323. • Central States Development,LLC, the developer of the above referenced project has agreed to contribute and defer payment of their development fee in the amount of$34,137 to facilitate the construction/development. • In addition to the foregoing funding sources,we are hopeful to receive an award of TIF from the City of Omaha in an amount of not less than$85,155. Increment Financing. This is an important transaction which has a long term preservation impact upon housing in the City of Omaha. This transaction preserves and improves affordable housing inventory. Please give this unique opportunity serious consideration as this will provide a new creative means to serve the affordable housing market in the South Omaha areas. courtyard. 8. Remove and re-build upper floor decking in courtyard. 9. Install new seating areas in courtyard. 10. Repair brick exterior walls as necessary (i.e. tuck pointing, sealing) 11. Install security system for all exterior doors. 12. Replace existing windows with new energy efficient windows 13. Replace all exterior doors and door hardware 14. Upgrade and improve exterior landscaping 15. Water-proof foundation as necessary 16. Remove graffiti from exterior walls 17. Repair sidewalks as necessary Planned Renovations — Interior _ 1. Upgrade electrical system as necessary 2. Upgrade plumbing system as necessary 3. Replace existing kitchen cabinets and countertops 4. Install new kitchen appliances (range, refrigerator, dishwasher, microwave). Appliances will meet energy star requirements. 5. Replace existing bathroom vanities, countertops, fixtures. 6. Replace toilets and tub/showers 7. Replace bathroom exhaust system 8. Repair/ replace sub-flooring as necessary 9. Replace vinyl flooring and carpeting throughout property (common space and residential units) 10. Replace window blinds n costs and public improvements on-and off-site to this project. Total estimated project costs are$1,875,107.00. This plan presents a project based on estimated figures and projections that are subject to change as project costs are finalized. The project site and area meet the requirements of Nebraska Community Development Law and qualify for the submission of an application for the utilization of Tax Increment Financing to cover costs associated with project development as submitted for approval through the Tax Increment Financing BH f adjacent properties along Park Avenue. • 1 N N N N N N N N N M 1-• >d f M W M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M 000000000000000000000000000000 000000000000000000000000000000 000000000000000000000000000000 x 000000000000000000000000000000 y R I 000000000000000000000000000000 d F- d fV N N N N N N N N N N N N N (V N N (V N N N N N N N fV N N N N E J () d N� — d • LM• v) d H c V V V V V V V V V V V V V V V V V V V V V 7t V V V V y O o • W W W W W W W W W W W W W W W W W W W W W W W W W CI•- d c ' . 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C (di I O O O O O CD CO CO Cr) M co n n CO N CO CD CO CO CO O 0) N n sr N CO N cf. n Sr V' CO CO V• d V.V.V.69 CO CD CO N n M 0) N N CO CD N O n N N O) 00 n CO CD CO CO O M el O 0 (I) T. N EA CD CD n n CO CO 0) 0 0 s- N N CO V N CD CO n CO O) 0 1- N CD V' O) n C.C. 91 N N 9I N1 N N N N 91 N N N CO-M M CC; n s- O CO d 'V E9 E9 E9 EA 69 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Project Name: Roseland Theatre Sources of Funds Tax Increment Financing - City of Omaha $ 87,434 Conventional Bank Debt Five Points Bank $ 190,732 Federal Home Loan Bank of Topeka -AHP Program $ 165,854 Historic Tax Credit Equity $ 223,323 Low Income Housing Tax Credit Equity $ 1,175,906 Deferred Developer Fee $ 31,858 Total $ 1,875,107 Uses of Funds Land $ 35,244 Existing Structures $ 373,171 Site Grading, Clearing, etc. $ 82,927 Rehabilitation Hard Costs $ 684,679 Construction Contingency $ 79,837 Architect Design $ 33,171 Architect Supervision $ 20,732 Survey\ Engineering Fees $ 12,439 Construction Loan Interest $ 45,610 Origination Fee $ 5,805 Construction Period Taxes $ 6,634 Property Appraisal** $ 8,293 LIHTC Fees $ 4,354 Environmental Study\ Review $ 7,256 Market Study $ 4,146 Real Estate Attorney $ 20,732 Contractor Overhead $ 12,004 Contractor Profit $ 30,010 General Requirements $ 26,990 Developer Overhead $ 59,280 Developer Fee $ 142,970 Title & Recording $ 12,439 Perm. Loan Origination Fee $ 8,293 Cost Certification $ 5,805 Organizational $ 4,146 Tax Opinion $ 22,805 Rent-up Reserves $ 20,732 Operating Reserves $ 44,484 Other: Relocation $ 8,293 Other: Furnishings/Security $ 29,024 Other: Cap Deficit Reserve $ 22,805 Total Residential Costs: $ 1,875,107 D O CEO V M O CDV' V' 4 A O E9 E9 E9 Efl N CO CO CO N n CO O V' n V n O N V' CO CO O N CO M CO CO a C N N s- s- 0 0 W O CO CO n CO CO UI st s. CO N s- 0 0 O) CO n CD C a N ICI el-0•)en-M M N N N N N N N N N 91 N N N 91 N M 69 EA E9 E9 EA E9 E9 E9 69 E9 E9 E9 EA E9 E9 E9 E9 E9 E9 E9 E9 E9 EA E9 E9 E9 CD CO a. C (di I O O O O O CD CO CO Cr) M co n n CO N CO CD CO CO CO O 0) N n sr N CO N cf. n Sr V' CO CO V• d V.V.V.69 CO CD CO N n M 0) N N CO CD N O n N N O) 00 n CO CD CO CO O M el O 0 (I) T. N EA CD CD n n CO CO 0) 0 0 s- N N CO V N CD CO n CO O) 0 1- N CD V' O) n C.C. 91 N N 9I N1 N N N N 91 N N N CO-M M CC; n s- O CO d 'V E9 E9 E9 EA 69 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 CONSTRUCTION COST BREAKDOWN Category Description Roseland Theatre - Site Grading, Clearing, etc Demolition $ 82,927 Off-site Improvements $ - Subtotal $ 82,927 Rehabilitation Hard Costs Masonry Masonry Labor & Materials $ 12,849 Stonework $ - Subtotal $ 12,849 Thermal / Moisture Protection Waterproofing $ 8,566 Soffit & Fascia $ 2,570 Gutter& Downspout Labor& Materials $ 3,426 • Insulation Labor& Materials $ 5,139 Roofing Labor & Materials $ 3,426 Vinyl Siding Labor& Materials $ Subtotal $ 23,128 Doors &Windows Hardware $ 3,426 Steel Doors & Frames $ - Wood Doors & Frames $ 34,263 Address Numbers Labor& Materials $ - Windows Labor & Materials $ 17,132 Sliding Doors Labor& Materials $ _ - Subtotal $ 54,821 Finishes Drywall Labor& Materials $ 51,395 Ceramic Tile Labor& Materials $ • Carpet Labor& Materials $ 17,132 Resilient Flooring Labor& Materials $ 8,566 Painting & Wall Coverings Labor& Materials $ 8,566 Subtotal $ 85,658 Bathroom Bathroom Accessories $ 17,132 Accessories Labor& Materials $ 4,283 Mirrors Labor& Materials $ 3,426 Subtotal $ 24,841 1 of 2 Other: Furnishings/Security $ 29,024 Other: Cap Deficit Reserve $ 22,805 Total Residential Costs: $ 1,875,107 D O CEO V M O CDV' V' 4 A O E9 E9 E9 Efl N CO CO CO N n CO O V' n V n O N V' CO CO O N CO M CO CO a C N N s- s- 0 0 W O CO CO n CO CO UI st s. CO N s- 0 0 O) CO n CD C a N ICI el-0•)en-M M N N N N N N N N N 91 N N N 91 N M 69 EA E9 E9 EA E9 E9 E9 69 E9 E9 E9 EA E9 E9 E9 E9 E9 E9 E9 E9 E9 EA E9 E9 E9 CD CO a. C (di I O O O O O CD CO CO Cr) M co n n CO N CO CD CO CO CO O 0) N n sr N CO N cf. n Sr V' CO CO V• d V.V.V.69 CO CD CO N n M 0) N N CO CD N O n N N O) 00 n CO CD CO CO O M el O 0 (I) T. N EA CD CD n n CO CO 0) 0 0 s- N N CO V N CD CO n CO O) 0 1- N CD V' O) n C.C. 91 N N 9I N1 N N N N 91 N N N CO-M M CC; n s- O CO d 'V E9 E9 E9 EA 69 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Equipment Bath Appliances $ 25,697 Kitchen Appliances $ 85,658 Subtotal $ 111,355 Furnishings Cabinets Labor& Materials $ 171,316 Subtotal $ 171,316 Mechanical Heating Labor& Materials $ 51,395 Air Conditioning Labor& Materials $ 34,263 Cooler Labor& Materials $ Plumbing Labor& Materials $ 17,132 Geothermal Labor & Materials $ - Fire Sprinkler System $ 17,278 Subtotal $ 120,067 Electrical Security System $ 29,249 Electrical Labor& Materials $ 8,566 Lighting Fixtures Materials $ 8,566 Fire Detection System Labor& Materials $ 34,263 Subtotal $ • 80,644 Total - Rehabilitation Hard Costs $ 684,679 Construction Contingency $ 79,837 II General Requirements Superintendent $ 22,942 Contract Administration $ 2,699 Cleanup $ 1,350 Subtotal $ 26,990 Contractor Profit & Overhead Contractor Profit $ 30,010 Contractor Overhead $ 12,004 Subtotal $ 42,014 Grand Total $ 916,447 How were the above costs determined? Buland Construction 2 of 2 throom Accessories $ 17,132 Accessories Labor& Materials $ 4,283 Mirrors Labor& Materials $ 3,426 Subtotal $ 24,841 1 of 2 Other: Furnishings/Security $ 29,024 Other: Cap Deficit Reserve $ 22,805 Total Residential Costs: $ 1,875,107 D O CEO V M O CDV' V' 4 A O E9 E9 E9 Efl N CO CO CO N n CO O V' n V n O N V' CO CO O N CO M CO CO a C N N s- s- 0 0 W O CO CO n CO CO UI st s. CO N s- 0 0 O) CO n CD C a N ICI el-0•)en-M M N N N N N N N N N 91 N N N 91 N M 69 EA E9 E9 EA E9 E9 E9 69 E9 E9 E9 EA E9 E9 E9 E9 E9 E9 E9 E9 E9 EA E9 E9 E9 CD CO a. C (di I O O O O O CD CO CO Cr) M co n n CO N CO CD CO CO CO O 0) N n sr N CO N cf. n Sr V' CO CO V• d V.V.V.69 CO CD CO N n M 0) N N CO CD N O n N N O) 00 n CO CD CO CO O M el O 0 (I) T. 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V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . 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H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit C Preliminary Commitment for Financing t1 'RG TIF Application Submitted by: Park Roseland Apartments, LLC By: John C. Foley Central States Development, LLC 740 S. 75 Street Omaha, NE 68114 402-963-9099 x 1 Phone 402-963-9131 Fax F. SAME Director, Planning Department Omaha/Douglas Civic Center 1819 Farnam Street, Ste. 1111 Omaha, Nebraska 68183 on: November 24 and December 1, 2011 Public Hearing: December 13, 2011 Plnlsf1618-cover letter b22,2012 • • istributing or taking any action in reliance on the contents of this information is strictly prohibited. i 7. • u. 1 Points Bank li n Enclosed Revised 03/99 ij NIFA NEIRASNi1 MINT AMAEE AIITIIIIIPI° August 12, 2011 Mr. John Foley Park Roseland Apartments LLC 740 South 75th Street • Omaha, NE 68114 RE: Park Roseland Apartments NIFA #7-0776 Dear Mr. Foley: On August 12, 2011, the NIFA Board of Directors approved a conditional reservation of Low Income Housing Tax Credits for the above-referenced project in the amount of$339,501. This reservation may be adjusted by 15% up or down based upon the receipt and review of the information necessary to complete gap analysis and subsidy layering reviews to the satisfaction of Tim Kenny, Executive Director. The next step in the process is for you to provide to NIFA within 90 days the items and information outlined in Attachment A. As you know,Section 42 of the Code provides that NIFA may issue a "Carryover Allocation" to certain qualified Developments, which will not be placed in service by December 31, 2011. Per the NIFA Carryover Allocation Procedures Manual, the Carryover Allocation documentation is due to NIFA no later than November 1, 2011 and the 10% Test Certification is due by June 30, 2012. If you have any questions, please do not hesitate to give me a call at 402-434-2947. Sincerely, 7-- .-- . Robin A. Ambroz- !ma Manager—LIHTC NE 200 Commerce Court • 1230 0 Street • Lincoln,NE 68508-1402 • (402)434-3900 • (800)204-N1FA • FAX:(402)434-3921 • www.nifa.org , _i $ 17,132 Accessories Labor& Materials $ 4,283 Mirrors Labor& Materials $ 3,426 Subtotal $ 24,841 1 of 2 Other: Furnishings/Security $ 29,024 Other: Cap Deficit Reserve $ 22,805 Total Residential Costs: $ 1,875,107 D O CEO V M O CDV' V' 4 A O E9 E9 E9 Efl N CO CO CO N n CO O V' n V n O N V' CO CO O N CO M CO CO a C N N s- s- 0 0 W O CO CO n CO CO UI st s. CO N s- 0 0 O) CO n CD C a N ICI el-0•)en-M M N N N N N N N N N 91 N N N 91 N M 69 EA E9 E9 EA E9 E9 E9 69 E9 E9 E9 EA E9 E9 E9 E9 E9 E9 E9 E9 E9 EA E9 E9 E9 CD CO a. C (di I O O O O O CD CO CO Cr) M co n n CO N CO CD CO CO CO O 0) N n sr N CO N cf. n Sr V' CO CO V• d V.V.V.69 CO CD CO N n M 0) N N CO CD N O n N N O) 00 n CO CD CO CO O M el O 0 (I) T. N EA CD CD n n CO CO 0) 0 0 s- N N CO V N CD CO n CO O) 0 1- N CD V' O) n C.C. 91 N N 9I N1 N N N N 91 N N N CO-M M CC; n s- O CO d 'V E9 E9 E9 EA 69 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • Page 2 ATTACHMENT A Within 90 days of notification of a Conditional Reservation of LIHTC, the development owner/developer must satisfy to NIFA that the following elements of the construction and/or rehabilitation process have been obtained or completed: 1. Payment of all fees due NIFA. Reservation Fee=2%of the credit amount or$500, (whichever is greater). 2. Signed documentation evidencing construction, interim and permanent financing arrangements (including any soft financing or deferred developer fees). 3. Syndication commitment (signed by both parties) outlining LIHTC equity contribution commitment or terms (i.e., percentage, proceeds to be received, etc.). 4. Updated cost figures (firm bids at minimum, contracts preferred). 5. Executed organization documents of the partnership or ownership entity of the development 6. Federal Employer Identification Number(EIN). 7. Ownership of the site as evidenced by a warranty deed. 8. An Environmental Assessment conducted by an unrelated third party. For rehabilitation developments such report must include an assessment of the risks relating to lead- based paint, asbestos and radon. 9. Execution of IRS Form 8821 (Tax Information Authorization Form) for the sharing of information.between NIFA and the IRS. Each development owner will be required to execute a new Form 8821 every 3 years. Form 8821 must be from the development owner to NIFA and list the following on the respective line items: a. 3(a): Income; b. 3(b): (i) Partnership or LLC—Form 1065; (ii) Individual—Form 1040; or (iii)Corporation—Form 1120; c. 3(c): Current year and next two years; and d. 3(d): Any related federal income tax information pertaining to LIHTC, including audit findings and assessments. Note: The IRS Form 8821 can be downloaded from www.nifa.org 10. Each development owner must agree to provide complete annual operating data and federal income tax returns to NIFA on a timely basis. 11. Certification from an appropriate city official with jurisdiction over the development or from the Nebraska Energy Office that the building(s) meet the 2003 International Energy Conservation Code. Note: If your project has DED financing (i.e. HOME,Trust Fund, CDBG), the Nebraska Energy Office must provide the certification. If this is the case, please provide a full set of plans to the Nebraska Energy Office, Box 95085, 1111 "0" Street, Suite 223, Lincoln, NE 68509-5085, Phone 402-471-2867, Fax 402-471-3064; Email: energy1@mail.state.ne.us. 9 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. 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U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Page 3 12.All developments receiving a Conditional Reservation must provide to NIFA development status reports, outlining the development's progress towards completion or satisfaction of all requirements necessary to receive a Carryover Allocation or a final allocation of LIHTC. Please utilize the enclosed LIHTC Quarterly Progress Report to provide quarterly updates to NIFA. Other information regarding the development may be requested by NIFA, and may include, but is not limited to, such items as zoning approvals,firm debt and/or equity financing commitments (conditioned only upon receipt of LIHTC), construction reports, site control documentation and cost analysis updates. 13. Fair Housing Certification in the form set forth in Exhibit A hereto signed by the development's Architect certifying that the development's plans and specifications conform to the Fair Housing Act and Americans with Disabilities Act. 14. If the proposed development intends to utilize Historic Rehabilitation Tax Credits, NIFA will require evidence from the State Historic Preservation Officer(SHPO)of the United States Department of the Interior National Park Service Part I approval of the historic rehabilitation of the development. 15. If points were requested for Supportive Services in the LIHTC Application,the applicant must provide an executed supportive service agreement with a qualified supportive services provider memorializing the terms of the plan submitted with the LIHTC Application. NOTE: Failure to meet the above requirements and/or other conditions imposed by NIFA, in its sole discretion within the designated time frame will result in the loss of the development's Conditional Reservation of LIHTC. Any of the above items which were submitted in your application do not need to be duplicated. including audit findings and assessments. Note: The IRS Form 8821 can be downloaded from www.nifa.org 10. Each development owner must agree to provide complete annual operating data and federal income tax returns to NIFA on a timely basis. 11. Certification from an appropriate city official with jurisdiction over the development or from the Nebraska Energy Office that the building(s) meet the 2003 International Energy Conservation Code. Note: If your project has DED financing (i.e. HOME,Trust Fund, CDBG), the Nebraska Energy Office must provide the certification. If this is the case, please provide a full set of plans to the Nebraska Energy Office, Box 95085, 1111 "0" Street, Suite 223, Lincoln, NE 68509-5085, Phone 402-471-2867, Fax 402-471-3064; Email: energy1@mail.state.ne.us. 9 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 NEF an affiliate of LISC April 12,2011 John C.Foley Central States Development,LLC 740 South 751h Street Omaha,NE 68114 RE: Park-Roseland Omaha,Nebraska Dear Mr.Foley: We are pleased to present the following summary terms for an equity investment in a Limited Partnership,which will own and operate a 41 unit low income housing project to be known as Park—Roseland in Omaha,Nebraska. This summary of terms is based on the information we have received and is further based on certain assumptions made by NEF regarding the development budget,lease-up schedule,pro-forma operating statements,and ownership structure. Investment Entity: A to be formed limited partnership(the"Partnership"),with a to-be formed entity acceptable to National Equity Fund,Inc. ("NEF")as General Partner with a.01%ownership interest in the Partnership,and NEF as Limited Partner with a 99.99%ownership interest in the Partnership. Federal Tax Credits Available: $3,394,661 Estimated LIHTC Price: $0.80 Estimated NEF Net Equity: $2,715,728 Federal Historic Tax Credits Available: $598,447 Estimated Historic Price: $0.90 Estimated Historic Net Equity: $538,602 Total NEF Net Equity: $3,254,330 Non-Developer Fee Capital Contribution#1 (20.0%)at Partnership close Non-Developer Fee Capital Contribution#2 (80.0%)at Placed in Service,Cost Certification,Certificates of Occupancy. Developer Fee Equity: Developer Fee is estimated at$580,000 with a deferral of 9.93%or$57,611 at an interest rate equal to AFR. The remainder will be paid with NEF equity contributions and luding audit findings and assessments. Note: The IRS Form 8821 can be downloaded from www.nifa.org 10. Each development owner must agree to provide complete annual operating data and federal income tax returns to NIFA on a timely basis. 11. Certification from an appropriate city official with jurisdiction over the development or from the Nebraska Energy Office that the building(s) meet the 2003 International Energy Conservation Code. Note: If your project has DED financing (i.e. HOME,Trust Fund, CDBG), the Nebraska Energy Office must provide the certification. If this is the case, please provide a full set of plans to the Nebraska Energy Office, Box 95085, 1111 "0" Street, Suite 223, Lincoln, NE 68509-5085, Phone 402-471-2867, Fax 402-471-3064; Email: energy1@mail.state.ne.us. 9 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. 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U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 allocated as follows: Developer Fee Capital Contribution#1 (20%)at Partnership Closing. Developer Fee Capital Contribution#2 (30%)at 100%Completion,Placed in Service,Cost Certification,Certificates of Occupancy. Developer Fee Capital Contribution#3 (40%)at Qualified Occupancy,Achievement of Breakeven Operations,and Conversion of Construction Loan to Permanent Debt if present. Developer Fee Capital Contributions#4 (10%)at Delivery of 8609's,Breakeven Analysis,and First Year of Tax Filing. Operating Reserve: $107,284(6 months of operating expenses) Management Incentive Fee: To the General Partner,a non-cumulative Incentive Management Fee equal to 90%of remaining Cash Flow. Cash Flow Split: Cash Flow to the partnership shall be distributed as follows: I)To NEFAC in payment of any amounts due as a result of any unpaid Credit Adjuster Amount. 2)To NEF in payment of Asset Management Fees. t 3)To the payment of any Deferred Developer Fee. 4)To Maintain/replenish budgeted operating reserve. 5)To the General Partner to repay any Partnership loans. 6)To the General Partner for Partnership Management Fee. The balance,.01%to the General Partner and 99.9%to NEF. Residual Split: Any gain upon sale or refinancing shall be distributed as follows: 1)To NEFAC in payment of any amounts due as a Tax Credit Adjuster. 2)NEFAC for payment of any exit tax liabilities. • 3)To NEF any unpaid Asset Management Fee. 4)To the Sponsor to pay any unpaid balance, if any,of the Deferred Developer Fee. 5)To NEF a Disposition Fee equal to$50k. 6)To repay any outstanding Limited Partner loans and any accrued and unpaid interest thereon. 7)To repay any outstanding General Partner loans,and any accrued and unpaid interest thereon 8)The balance of available cash for distribution,.01%to the General partner and 99.9%to the Limited Partner. Replacement Reserves: $300/unit/year minimum. Asset Management Fee: $4,100 annually. ancing (i.e. HOME,Trust Fund, CDBG), the Nebraska Energy Office must provide the certification. If this is the case, please provide a full set of plans to the Nebraska Energy Office, Box 95085, 1111 "0" Street, Suite 223, Lincoln, NE 68509-5085, Phone 402-471-2867, Fax 402-471-3064; Email: energy1@mail.state.ne.us. 9 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. 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U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Other Terms and Conditions: 1)The General Partner must have a firm commitment for construction financing and fixed-rate permanent financing with terms,conditions and Lender acceptable to the Limited Partner. 2)Receipt,review,and approval of the appraisal with incorporated market study,environmental and geological reports,plans and specifications,contractor and such other conditions which are customary and reasonable for an equity investment of this nature and amount. 3)The Capital Contributions are based on mutually agreed upon closing date,construction schedule and lease-up schedules. 4)The terms of this letter are subject to change based upon the monthly tax credit rates and investor yield requirements at the time of closing. After you have reviewed both the terms outlined above and the attached financial projections, table to please contact me with any questions or issues that you may have. If these terms are acceptable you and the assumptions in the financial projections reflect your understanding of the transaction, we will forward you our standard engagement letter and begin our formal due diligence process. Conditional upon a reservation of Tax Credits,an executed syndication agreement is expected within 90 days of the reservation. This letter is valid until October 31,2011. Please understand that any binding commitment can only be issued by NEF following the completion of its due diligence process and approval by its investment committee,as well as identification of an upper tier investor for this development. We are excited about the prospects of investing in your development. Very truly yours, NATIONAL EQUITY FUND, INC. 1,. C-7: rtAA-6-*"T'')A6)1"tjz'"1-jfe---- By: Lauren Schaeffer Acquisitions Officer 312-697-6130 Ischaeffer@nefinc.org CC: Robert Johnston rued and unpaid interest thereon 8)The balance of available cash for distribution,.01%to the General partner and 99.9%to the Limited Partner. Replacement Reserves: $300/unit/year minimum. Asset Management Fee: $4,100 annually. ancing (i.e. HOME,Trust Fund, CDBG), the Nebraska Energy Office must provide the certification. If this is the case, please provide a full set of plans to the Nebraska Energy Office, Box 95085, 1111 "0" Street, Suite 223, Lincoln, NE 68509-5085, Phone 402-471-2867, Fax 402-471-3064; Email: energy1@mail.state.ne.us. 9 E9 E9 E9 E9 E9 E9 ffl E9 E9 E9 E9 E9 E9 69 E9 79 E9 E9 CA EA E9 10 CO <» 411 U) d C CY 0. • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 (A/t gh(zei STATE HISTORICAL SOCIETY • April 7,2011 , John Foley Park Roseland Apartments,LLC 740 S.75th St. Omaha,NE 68114 PROPERTY: Park School,1320 S.29th St.,Omaha,Douglas Co. NeHRSI#: D009:0203-023 PROPERTY: Roseland Theater,4932 S.24th St.,Omaha,Douglas Co. NeHRSI#: D009:0096-003 Dear Mr.Foley: This letter is to formally acknowledge preliminary discussions that have occurred between our office and Park Roseland Apartments, LLC, regarding the use of the Historic Rehabilitation Tax Credits to redevelop the properties described above. Yesterday. I conducted preliminary onsite inspections of both properties with your architect,your contractor,and Mike Fallesen(a representative of Park Roseland Apartments,LLC). Park School is listed individually in the National Register of Historic Places(NRHP). Since this property is individually listed in the NRHP and contains only one building,you will not need to submit Part 1 of the HPCA for this property. Park School is designated as a City of Omaha local landmark. As such,you will need to consult with the Mike Leonard, City of Omaha Historic Preservation Planner regarding how to initiate review of your proposed project by the City. Mike can be reached at 402-444-3624 and mleonard(a)ci.omaha.ne.us. Roseland Theater is located within the boundaries of the NRHP-listed South Omaha Main Street Historic District. It will be our offices recommendation to the National Park Service(when you submit Part 1 for this property)that this property still contributes to significance of the above named historic district. Please be advised of the following. Should you apply and/or be awarded federal funding(including,but not limited to HOME,CDBG funds), this letter does not constitute a fulfillment of your and/or the federal agency's responsibilities under Section 106 of the Historic Preservation Act,as amended. Please feel free to contact Jill Dolberg at our office for more information regarding Section 106 reviews;she can be reached at 402-471-4773 or jill.dolbergrenebraska.aov. Our office is very excited about your interest in preserving these properties and we look forward to assisting you to that end! If you need to contact me,I can be reached at 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • ,41014111111‘,,. One SW Security Benefit PI,Suite 100 FH l...BP0 Box 176 I Topeka,KS 0176 al 866.571.8155785.234.17656 660 PH 785.233.0507 I FAX I wawv.thibtope ka.com Topeka 8uik1 ing Eomrrllunilies Togel,her Housing and Community Development memorandum DATE: April 6, 2011 TO: Mike Fallesen FROM: Jeff Ragsdale, AHP Specialist RE: DISCUSSION OF ANTICIPATED AHP APPLICATION FOR PARK ROSELAND APTS This memo is an acknowledgment of my discussion with Mike Fallesen regarding their anticipated application for Affordable Housing Program funds from the FHLBank Topeka for the above-referenced project.As per our discussion,the project is located in Omaha,NE and they plan on applying for$400,000 in AHP money for the May.2nd,2011 round. Project will consist of 41 units. Thanks f, r y ur ssi ance, eff gsdale AHP Specialist Phone#785.438.6034 Fax# 785.234.1765 Toll Free# 1.866.571.8155 dmark. As such,you will need to consult with the Mike Leonard, City of Omaha Historic Preservation Planner regarding how to initiate review of your proposed project by the City. Mike can be reached at 402-444-3624 and mleonard(a)ci.omaha.ne.us. Roseland Theater is located within the boundaries of the NRHP-listed South Omaha Main Street Historic District. It will be our offices recommendation to the National Park Service(when you submit Part 1 for this property)that this property still contributes to significance of the above named historic district. Please be advised of the following. Should you apply and/or be awarded federal funding(including,but not limited to HOME,CDBG funds), this letter does not constitute a fulfillment of your and/or the federal agency's responsibilities under Section 106 of the Historic Preservation Act,as amended. Please feel free to contact Jill Dolberg at our office for more information regarding Section 106 reviews;she can be reached at 402-471-4773 or jill.dolbergrenebraska.aov. Our office is very excited about your interest in preserving these properties and we look forward to assisting you to that end! If you need to contact me,I can be reached at 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 ... . . . _ _ ._ OF• "or, HvEit Mow) /,__L'A,A- iii\c"- ApArir GRAND ISLAND April 15,2011 Nebraska Investment Finance Authority Suite 200 1230 0 Street Lincoln,NE 68508-1402 Five Points Bank has interest in providing a permanent loan to Park Roseland Apartments,L.L.C.;Operating Member for the Park Roseland Apartments,L.L.C.project located at 1320 South 29th Street,Omaha,Nebraska and 4934 South 24th Street,Omaha, Nebraska. Five Points Bank's interest is based on the following assumptions: 1. Loan Amount: $485,000 2. Interest Rate: 2%spread over published FHLB interest rate 3. Loan Term: 15 Years 4. Debt Service Coverage Ratio: no less than 1.20 times 5. Loan amortization Period: 360 months 6: Loan Fees: 1% 7. Conditions precedent to funding' 8. Five Points Bank Loan Committee Approval(in its sole discretion) This letter of interest will not expire until October 31,2011. Thomas O.Kelley,Omaha Market President 'Examples of conditions that NIFA deems to be"Under the control of the developer"include,but are not limited to the following 1. Approval of appraisal 2. Approval of final plans and specifications 3. Ability to meet financial requirement for closing the Loan • 4. Receipt of LIHTC 1 MEMBER FDIC P.O.BOX 1507 4 Locations Park Service(when you submit Part 1 for this property)that this property still contributes to significance of the above named historic district. Please be advised of the following. Should you apply and/or be awarded federal funding(including,but not limited to HOME,CDBG funds), this letter does not constitute a fulfillment of your and/or the federal agency's responsibilities under Section 106 of the Historic Preservation Act,as amended. Please feel free to contact Jill Dolberg at our office for more information regarding Section 106 reviews;she can be reached at 402-471-4773 or jill.dolbergrenebraska.aov. Our office is very excited about your interest in preserving these properties and we look forward to assisting you to that end! If you need to contact me,I can be reached at 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 C SD Central States Development, LLC 740 South 75`h Street Omaha,Nebraska 68114 Phone: (402)963-9099 Fax: (402)963-9131 E-mail:john.@csdlic.org MEMO DATE: 02/28/2011 TO: Park Roseland Apartments,LLC FROM John C.Foley RE: Deferred Developer fee Central States Development LLC, (hereafter CSDLLC)agrees to defer developer fees to Park Roseland Apartments,LLC(hereafter PRALLC) in the amount of Eighty- two thousand three hundred thirty dollars($82,330.00) in the event that PRALLC receives an allocation of low income housing tax credits from the Nebraska Investment Finance Authority(NIFA)in the CRANE allocation process. The terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 • 0,1 ,(49441 • Office©f the Mayor Atiliot,, a , 18!• •Parnattv5tteet.5uite100 • W o �'? "!�' Yq Uusaha;Sirhtoelia 68183.0300 41/4 40 444-5000 A~� o Rasp March 24,2011, CAx;(40 2)444•6059 City of Omaha Jim 3tIttlet Mnyor Mr.Mike Fallesen Manager of LIHTC and IDB Programs • Central States Development,.LLC 740 South 75th Street Omaha,NE 68114 RE: Letter of Support.Park School/Roseland Theater Development Project 1320 S. 29Lh Street and 4932 S.24th Street,Omaha Dear Mr.Fallesen: { The City of Omaha enthusiastically supports the above referenced redevelopment project, with structures located in both the Park Avenue Redevelopment Area and the South Omaha Development Project Area. I.encourage the Nebraska Investment.Finance Authority to favorably consider this project for low income tax housing credit assistance. In the Park.Avenue Redevelopment Plan and the South Omaha Development Project Plan,the City of Omaha identified communities in need of revitalization to reverse negative perceptions of the neighborhoods and disinvestment in properties and-to support the rehabilitation of housing units. The proposed project will positively affect the Park Avenue and South 24`h Street areas by restoring these historic buildings on a key entry points to the Park Avenue and South 24th Street redevelopment areas: { Our Consolidated Plan for Community Planning and Development Programs.identifies the need for affordable housing for our citizens. This project will help meet this need. • The City of Omaha encourages the proposed rehabilitation in the Park Avenue Redevelopment Area and the South Omaha Development Project. Kind regards, • • • Jim Suttle,Mayor City of Omaha can be reached at 402-471-4773 or jill.dolbergrenebraska.aov. Our office is very excited about your interest in preserving these properties and we look forward to assisting you to that end! If you need to contact me,I can be reached at 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • • otottn. 04 �4 Planning Department , • • Omaha/Douglas Civic Center rtt�r _ n 18t9 Parham Street,Suite 1100 Wii�ryt� r Omaha,Nebraska 68183 t��`�'�'�•'��'•` (402)4445150 o �h Telefax 402 444-6140 R"4'fn FEa01' R.E.Cunningham,RA,F.SAME City of Omaha Director Jim Suttle,Mayor April 2.1,2011 John C. Foley,President Central States Development,LLC 740 South 75th Street Omaha,Nebraska 68114 RE: Tax Increment Financing Support Letters Roseland Theater Building 4932 South 24th.Street Park School Building 1320 South 29th.Street Dear Mr.Foley This communication is being provided as a result of conversations with you and other City of Omaha representatives regarding the proposed rehabilitation projects referenced above. Based on the results of our original, conversations and my analysis of the preliminary information provided, and the desire to reconsider our policy position in relation to the importance of these specific projects there is sufficient justification for you to proceed with the submission of your request for Tax Increment Financing funding.assistance: • These projects will provide additional low to- moderate- income housing development at:existingsites in the City of Omaha that are in close proximity to other redevelopment project areas, These specific locations will provide opportunities for the residences to live in an area where there is increased employment as a result of major developments in midtown,the immediate area and Downtown.Omaha. The proposed projects are located in an area of the city that is classified as Substandard and Blighted which enables the submission of an application for TIF to assist in project financing.It will be possible to explore other funding opportunities upon receipt of your total project proposal identifying all of the • elements of your project. If additional information is required,please advise me. Sincerer " ennet• h E. A nson, . Economic Development Manager C: Bridget Hadley • • • y:.4 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 o e R Planning Department u ��r. It .( • Un:aha/ISouglas Civic Center x �'l�lt „. M 1819 Farnam-Street,Suite 1100 07_! !`tt ll Omaha,Nebraska 68183 �� `r�` """�•; (402 444-5150 �•P - �t,4-"� Telefax(402)444-.6140 Bp PtHR I R.E.Cunningham,RA,P.SAME City of Omaha Director Jim Suttle,Mayor April 18,2011 . lI Mike Fallesen Central States Development,LLC 740 South 75t1i Street Omaha,NE 68114 • • Dear Mr. Fallesen: Concerning our conversations (City of Omaha and Central States Development, LLC) about the. rehabilitation of the Park School, 1320 South 29tht Street and the :Roseland 'Theatre, 4932 South 24th Street. It appears that you might be eligible to apply for Lead Hazard Control Funding at the rate of $5,000.00 per unit at the '24 unit Park School .Project ($120,000.00). . If you have any questions,please call me at(402) 444-5206. Sincerely., i . • A-- T2'el . James"1 hele Assistant Planning Director • C: Mike Honaker,Planning Dept. • ional low to- moderate- income housing development at:existingsites in the City of Omaha that are in close proximity to other redevelopment project areas, These specific locations will provide opportunities for the residences to live in an area where there is increased employment as a result of major developments in midtown,the immediate area and Downtown.Omaha. The proposed projects are located in an area of the city that is classified as Substandard and Blighted which enables the submission of an application for TIF to assist in project financing.It will be possible to explore other funding opportunities upon receipt of your total project proposal identifying all of the • elements of your project. If additional information is required,please advise me. Sincerer " ennet• h E. A nson, . Economic Development Manager C: Bridget Hadley • • • y:.4 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. 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U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit D Proforma ska 68114 Phone: (402)963-9099 Fax: (402)963-9131 E-mail:john.@csdlic.org MEMO DATE: 02/28/2011 TO: Park Roseland Apartments,LLC FROM John C.Foley RE: Deferred Developer fee Central States Development LLC, (hereafter CSDLLC)agrees to defer developer fees to Park Roseland Apartments,LLC(hereafter PRALLC) in the amount of Eighty- two thousand three hundred thirty dollars($82,330.00) in the event that PRALLC receives an allocation of low income housing tax credits from the Nebraska Investment Finance Authority(NIFA)in the CRANE allocation process. The terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 • 3E0EgE 9 N m 3 9 NwSrv}�So w c »I » » w » w w w ^,1 Q o i > c EHHE N N N�ry T � � .� •- Ea . >- �N 0 N N N,N m } N0 R .- p VP VP N 09 F-8 3 N o G m 5 8 ' ' • N y 0pp 0 0 , n Y » » » w w N w » 0. 4 CN .6 6 ' . O VP VI n m >- Um M iD T(V Z , , } VP VP N m 5 g Napo NT Ta . • • » » NI w' e a aM m— .-.-tee � - 5 a w w w a »i 2 n wl n o ELM ti o_ o 5 &I o T g EE r o a a W W m j n E m a L • a • aas »w»w o° 1 u at o u s-w « a _ Z ; u K g u c n 5 _ c 5 c a LL u LL tt Zi 2 c / w p E m c E W o m 0 h 01 Hgd� �LLm� vq , 0 `00= u a 2 gg0 P .2OF� o: z o"U=»Or= z o C: Mike Honaker,Planning Dept. • ional low to- moderate- income housing development at:existingsites in the City of Omaha that are in close proximity to other redevelopment project areas, These specific locations will provide opportunities for the residences to live in an area where there is increased employment as a result of major developments in midtown,the immediate area and Downtown.Omaha. The proposed projects are located in an area of the city that is classified as Substandard and Blighted which enables the submission of an application for TIF to assist in project financing.It will be possible to explore other funding opportunities upon receipt of your total project proposal identifying all of the • elements of your project. If additional information is required,please advise me. Sincerer " ennet• h E. A nson, . Economic Development Manager C: Bridget Hadley • • • y:.4 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit E Necessity of TIF for this Project ne: (402)963-9099 Fax: (402)963-9131 E-mail:john.@csdlic.org MEMO DATE: 02/28/2011 TO: Park Roseland Apartments,LLC FROM John C.Foley RE: Deferred Developer fee Central States Development LLC, (hereafter CSDLLC)agrees to defer developer fees to Park Roseland Apartments,LLC(hereafter PRALLC) in the amount of Eighty- two thousand three hundred thirty dollars($82,330.00) in the event that PRALLC receives an allocation of low income housing tax credits from the Nebraska Investment Finance Authority(NIFA)in the CRANE allocation process. The terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 Statement and Demonstration that the Project Would Not Proceed Without the Use of Tax Increment Financing Application Requirement "E" ROSELAND THEATRE Without the successful incorporation of Tax Increment Financing (TIF), it would not be economically feasible to proceed with this project. TIF blended with equity forms the critical basis for the remaining first mortgage to be economically viable. With TIF Without TIF Gross Annual Income $107,399 $107,399 Less: Vacancy @ 7% ($7,518) ($7,518) Total Net Income $99,881 $99,881 Less Expenses (including RE Taxes and Replacement Reserve) ($79,189) ($79,189) Net Operating Income $20,692 $20,692 Less Primary Debt Service ($15,614) ($15,614) Less Secondary Debt Service $0 (9,700) Annual Cash Flow $5,078 ($4,622) Return on Investment 4.7% Negative Summary Conclusion: Without TIF 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 TIF. a 2 gg0 P .2OF� o: z o"U=»Or= z o C: Mike Honaker,Planning Dept. • ional low to- moderate- income housing development at:existingsites in the City of Omaha that are in close proximity to other redevelopment project areas, These specific locations will provide opportunities for the residences to live in an area where there is increased employment as a result of major developments in midtown,the immediate area and Downtown.Omaha. The proposed projects are located in an area of the city that is classified as Substandard and Blighted which enables the submission of an application for TIF to assist in project financing.It will be possible to explore other funding opportunities upon receipt of your total project proposal identifying all of the • elements of your project. If additional information is required,please advise me. Sincerer " ennet• h E. A nson, . Economic Development Manager C: Bridget Hadley • • • y:.4 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 1 Park Roseland Apartments,LLC TIF Application Exhibit E—Necessity of TIF for this Project Roseland Theatre As stated previously, the Park Roseland Apartments Re-development Project is using a variety of financing methods. These funding sources include: 1. Low Income Housing.Tax Credits from the Nebraska Investment Finance Authority (NIFA). Awarded August 12,2011. 2. Historic Tax Credits 3. Federal Home Loan Bank of Topeka—Affordable Housing Program 4. Conventional Bank Debt Despite all of these financing options,the Park Roseland Apartments Re-development Project would not be able to proceed without Tax Increment Financing (TIF). The current economic environment is such that it is difficult to secure investors to purchase Low Income Housing Tax Credits. As a result, the price paid for such tax credits has fallen drastically. Furthermore, lenders are increasingly more cautious about advancing loan funds. Those same lenders are requiring higher than normal debt service cover ratios (DSCR)before they will agree to advance loan.funds. Accordingly, the receipt of TIF funds are a necessity and must be obtained in a timely • manner as neither our tax credit purchaser will close the purchase of the credits without a firm commitment from the City of Omaha to create a TIF. Our investors and funding agencies see the City of Omaha's involvement with our Project as a key ingredient to its success. • ' C . nities for the residences to live in an area where there is increased employment as a result of major developments in midtown,the immediate area and Downtown.Omaha. The proposed projects are located in an area of the city that is classified as Substandard and Blighted which enables the submission of an application for TIF to assist in project financing.It will be possible to explore other funding opportunities upon receipt of your total project proposal identifying all of the • elements of your project. If additional information is required,please advise me. Sincerer " ennet• h E. A nson, . Economic Development Manager C: Bridget Hadley • • • y:.4 402 471-4788 or arant.landreth(-)a nebraska.gov. Sincerely, • Grant L if Histo- tion Tax Credit Program Coordinator • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . 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H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • - I othAlta,,yP • Planning Department A� � ' Omaha/L�ouplas Civic Center •� 1'J` �``� ..�S t " 1819 f arnam Street,Suite 1100 Omaha,Nebraska 68183 (402)444-5150 rrfo t eeOty Telefax(402)444-6140 R.E. Cunningham,RA,F.SAME City of Omaha Director Jim Suttle,Mayor May 24,2011 Mr.Timothy Kenny Executive Director Nebraska Investment Finance Authority 1230 0 Street,Suite 200 • Lincoln,NE 68508 • RE: Park—Roseland Project LIHTC No. 7-0776 Dear Tim, I received a copy of your letter dated May 6,2011 to John.Foley,Central States Development, regarding the above referenced project. This letter seeks to address your request for additional information requests additional information that would justify the need for the project. Please note that the Park School Apartments is within the Park Avenue Redevelopment Plan Area andcontributes to this City of Omaha community revitalization plan: The Plan is available at: http://www.destinationunidtown.org/ParkAvenue.aspx. The Roseland Theater Apartments is within the South Omaha Neighborhood Revitalization Strategy Area contained in the.City's.2008-2012 Consolidated Plan. This project contributes to the community revitalization plans contained in the Consolidated Plan; in particular it supports the multi-year investment of CDBG,City bond, MUD and private funds to the South 24'° Streetscape project.The Plan is available at: htt //www.cit ofomaha.or tannin hcd/ima es/stories/ dfs/5- earStrate df.p� Y PAP P� g p Y gY•P A summary of these reports are discussed below: Process Used to Determine Need Park School: From June 2007 through March 2008 a study•was implemented that planned-for the redevelopment of the area in Midtown Omaha bordered by Harney Street on the north, Woolworth Avenue on the south,Interstate-480 on the east and 33rd Street on the west.During • the short eight-month period,.over 400 participants attended more than 30 meetings through • focus groups,one-on-one interviews,steering committee meetings, public meetings, design workshops and open houses. During the planning phase a number of visionary ideas and goals • 1500 R Street • PO Box 82554 Lincoln,NE 68501-2554 p:(800)833-6747 -(402)471-3270 f:(402)471-3100 i. www.nebraskahistory.org - _.� . • • (O C CO CO CO CO CO CO CO CO CO CO CO O CO CO CO CO 00 CO CO CO CO CO CO CO CO CO CO CCd R 0) CD CD 0) 0) O) 0) O O) 0) 0) 0) 0) a) 0) 07 0) CD 0) 0) O) 0) CD 0O7 0) V' O ' ' ' ) CD CD CO CO CO CD CD CO (O CD CD CD CD CD (0 '(O CD CD CO CO CD CO CD CO CO COO W Li_ V• R sr-V' V' C sr V' s V'V' V' V• s 7 s V• V• si 7 V V' V' V' N a1L d N E9 C .0 cu • Q ENE 4 Q CD K N GO n n n n n n n n n n n n n n n n N-n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. 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U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 were established to chart a better future for the area including commercial district enhancements, new housing and streetscaping. Roseland Theatre: Development of the Consolidated Plan involved an ongoing process of consultations with representatives of low-income neighborhoods,non-profit and for-profit housing developers and service providers,lenders, social service agencies, homeless shelter and service providers,faith based organization,supportive housing and service providers,as well as with other units of government. In addition,the Planning Department held a number of public forums.The first of two public hearings was held on May 17,2007,of this year to gather the views of what the housing and community development needs of the city.A second public hearing was held on September 27,2007,to review past performance and to present the current Consolidated Plan. Several other forums were conducted in 2007 that permitted discussions of the needs of particular population groups as well as consideration of Five-Year Strategy and North and South Neighborhood Revitalization Strategy Area(NRSA)Plans.The first meeting conducted by the Planning Department was in February of 2007 and attempted to identify the needs of Omaha's homeless population.In April 2007,several meetings were conducted; a focus group meeting was held regarding the housing and community development needs of special needs populations such as the elderly,people with physical and mental disabilities,people with AIDS.Two focus group meetings were also held with representatives of neighborhood and community organizations and low-and moderate-income households.Numerous smaller meetings were held through the 2007 with individuals and organizations interested in,or with a stake in the housing and community development activities of Omaha. Needs Identified Park School: The Redevelopment Plan identified six(6)areas of greatest need: acquire property for redevelopment,rehabilitate existing residential structures,develop new infill housing, improve streetscapes,develop new economic opportunities,and improve transportation. Roseland Theatre: The Consolidated Plan identified three goals or objectives: Suitable Living. Environments,Decent Housing,and Economic Opportunity. Impact of Park—Roseland Project on Identified Needs The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? 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H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 The redevelopment of the Roseland Theatre will preserve 17 units of affordable housing in an f historic building and will continue to provide a suitable living environment/decent housing along the 24th street corridor—an area that has seen a re-birth in the last 10 years. The project supports the investment of over$7 million in streetscape improvements by the City of Omaha, Metropolitan Utilities District and private contributors. Over the past 20 years the City has assisted 24 properties make improvements in the 24th Street Business District. The renovation of the Roseland Theatre is one of the few remaining needs in the business district. Business Development,and Job Creation On May 11,2011,inCOMMON Community Development announced today its plans to open up a community center where longstanding Sheri's Show Club once operated.This iconic Park Avenue building was purchased in late 2010 by Kohll's Pharmacy&Homecare for future business expansion,but instead of sitting vacant will benefit the local community as the only community center in this historic,downtown neighborhood. There are current plans underway to redevelop other properties to the North of the Park School project. The South 24th Street Corridor is a vibrant area that has undergone a transformation in the last decade primarily as a result of an influx of the Hispanic population. One only needs to drive down South 24 Street to see that the commercial district is alive and well. Lastly, your letter requested that we provide evidence of significant and material public investment. The City has provided a letter to Mr. Foley dated April 21,2011 regarding the City's willingness to entertain an application for Tax Increment Financing given that both properties are located within areas that are Substandard and Blighted. Also,the City provided a letter dated April 18,2011 which expresses the City's desire to contribute$120,000 in Lead- Based paint Hazard Control funds to the Park School property. It is my understanding that both letters were provided with the full tax credit application(Exhibit 107). If you have any questions,please do not hesitate to contact me. Sincerely, James R. There Assistant Director—Housing and Community Development City of Omaha CC: John Foley The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. 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I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit F Project Meets Evaluation Criteria (402)963-9099 Fax: (402)963-9131 E-mail:john.@csdlic.org MEMO DATE: 02/28/2011 TO: Park Roseland Apartments,LLC FROM John C.Foley RE: Deferred Developer fee Central States Development LLC, (hereafter CSDLLC)agrees to defer developer fees to Park Roseland Apartments,LLC(hereafter PRALLC) in the amount of Eighty- two thousand three hundred thirty dollars($82,330.00) in the event that PRALLC receives an allocation of low income housing tax credits from the Nebraska Investment Finance Authority(NIFA)in the CRANE allocation process. The terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 Roseland Theatre Re-Development TIF Application Exhibit F—Project Meets Evaluation Criteria • The Roseland Apartments Re-development Project meets the following TIF Application criteria as set forth by the City of Omaha: Mandatory Criteria 1. The project is located within a blighted area or an area eligible for designation of blight as required and set forth by State Statute. Roseland Apartments will involve the complete re-development of the Roseland Theatre property located at 4932 S. 24th Street. The City of Omaha has already declared the locations blighted and substandard for the purpose of its redevelopment. 2. The project furthers the objectives of the City's Comprehensive Plan. The Roseland Apartments Re-development Project and the Omaha Master Plan share the same goals in that the Project reverses deterioration in older areas of the central city; it encourages private investment; it ensures good quality housing; it promotes the construction of affordable housing; and it prevents negative change to neighborhood characteristics. See Page 6 of the Omaha Master Plan—Housing Element. The Roseland Apartments Re-development Project further complies with the City's objectives in that its end result is the "preservation and improvement of inner-city neighborhoods"which"must be balanced with the goal of increasing the availability of affordable housing units throughout the city." See Page 16 of the Omaha Master Plan—Housing Element. The Roseland Apartments Re-development Project will preserve 17 units at Roseland Theatre as affordable housing apartments. See Page 16 of the Omaha Master Plan—Housing Element. The Omaha Master Plan's objectives include the following: "To provide sound rental housing for low- and moderate-income residents...To leverage private investment and to make rehabilitation projects economically feasible with the use of federal funds. To increase the supply of handicapped accessible units."The Roseland Apartments Project, using a variety of private and public funding sources, is creating a financially feasible project. The federal funds being utilized include Low Income Housing Tax Credits (LIHTC), Historic Tax Credits as well as a loan from the Federal Home Loan Bank's Affordable Housing Program. CC: John Foley The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 The Omaha Master Plan supports the creation of rental housing by non-profit and/or for-profit organizations. Park School Roseland Apartments, LLC, the ownership entity for the Roseland Apartments Re-Development Project, is comprised of Christian Worship Center, a 501(c)3 non-profit corporation and Central States Development LLC. Christian Worship Center will manage and operate Roseland Apartments once the construction has been completed. The Roseland Theatre Re-Development Project will create in excess of twenty (20) new full time jobs, one for every$10,000.00 of TIF. These jobs will be created during the construction and operations phases of the Project. 3. The use of TIF will not result in a loss of pre-existing tax revenues to the City and other taxing jurisdictions. The use of TIF to create the Roseland Apartments Re-Development Project will not result in a loss of pre-existing tax revenue to the City and other taxing jurisdictions. The subject properties are currently being under-utilized. According to Douglas County Assessor Records the 2010 valuation/real estate taxes for the above referenced properties are: Current Assessment Current Real Estate Taxes Roseland Theatre $259,600 $5,450 The above referenced taxes will continue to be paid. The project has budgeted real estate taxes of$15,150, or an incremental increase of$9,700. This increase will leverage a projected TIF amount of$87,434 assuming a 14 year term and an interest rate of 6.50%. A breakout of the incremental increase in real estate taxes/ TIF leverage is shown below: Incremental Increase in RE Taxes TIF Leverage Roseland Theatre $9,700 $87,434 Therefore, Park Roseland Apartments, LLC will not protest or attempt to reduce its real estate tax valuation below the number needed to generate the amount of taxes referenced above. ojects economically feasible with the use of federal funds. To increase the supply of handicapped accessible units."The Roseland Apartments Project, using a variety of private and public funding sources, is creating a financially feasible project. The federal funds being utilized include Low Income Housing Tax Credits (LIHTC), Historic Tax Credits as well as a loan from the Federal Home Loan Bank's Affordable Housing Program. CC: John Foley The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 4. The projecteconomically would not be feasible without the use of TIF. In addition, there are no alternative locations for the project. As a condition of their investment, the purchaser of the Low Income Housing Tax Credits have required the project have TIF in the amount of not less than$87,434. As this project has been designated as a re-development project,there are not any alternative sites for this project. 5. The project will eliminate an actual or potential hazard to the public. Hazards may include condemned or unsafe buildings, sites or structures. The re-development of 17 units at Roseland Theatre will eliminate potential detriment to the surrounding neighborhood. The Roseland Apartments Re- development Project will also provide long term housing for people who are currently leasing sub-standard housing. Discretionary Criteria 1. The Roseland Apartments Re-development Project will generate at least one full-time job for each $10,000 in principal value of the TIF loan. As a result of the Roseland Apartments Re-development Project, at least 20 new full-time jobs will be created for the construction, one job for every$10,000 in TIF. The construction costs for this project are estimated to be: Amount Site Development(clearing, concrete, etc) $ 82,927 Rehabilitation Hard Costs $ 684,679 Construction Contingency $ 79,837 Total $ 847,443 Source: Exhibit B: Sources &Uses These funds will be used to purchase supplies and hire tradesmen(such as plumbers, carpenters and electricians)to re-develop 17 apartment units at Roseland Theatre. Once construction has been completed, additional jobs will be created to maintain the facility. 2. The project is located in one of the previously designated blighted areas. Roseland Theatre is located in Area C- South Omaha 3. TIF proceeds are used for the construction of public improvements The Roseland Apartment Re-Development project will not utilize TIF proceeds for such public improvements as streets, public water/sewer systems. However, TIF proceeds will be used to re-habilitate residential structures themselves as well as sidewalks and other exterior improvements (i.e. landscaping). as a loan from the Federal Home Loan Bank's Affordable Housing Program. CC: John Foley The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 4. The TIF funds will be used to renovate the Roseland Theatre, a property listed on the National Register of Historic Places. See attached letter from State Historical Society—Exhibit C. 5. The project will directly benefit low income people as identified by the Community Development Block Grant Program. The Roseland Apartments Re-development Project meets the criteria set forth in item 5.a. as 100% of housing apartments created will be set aside for low to moderate income households. 6. The building or site that is to be redeveloped itself displays conditions or blight as established by Nebraska State Statute.. The Roseland Theatre site is clearly in need of repair and represent a serious blight on their respective neighborhoods. See letter from James R. Thele, Assistant Director, Housing and Community Development: See Exhibit E. 7. The project involves the start-up of an entirely new business or business operation within the City of Omaha. The Roseland Apartments Re-development Project has resulted in the creation of a new business, Park School Apartments, LLC will own the 41 unit affordable housing project (24 units at Park School and 17 units at Roseland Theatre), which will be operated within the City of Omaha. 8. The Roseland Theatre property has displayed a recent pattern of declining real estate assessments as measured by the Douglas County Assessor's Office. Roseland Theatre Assessment Land Building Total 2006 45,000 318,000 363,000 2007 45,000 318,000 363,000 2008 45,000 214,600 259,600 2009 45,000 214,600 259,600 2010 45,000 214,600 259,600 has been completed, additional jobs will be created to maintain the facility. 2. The project is located in one of the previously designated blighted areas. Roseland Theatre is located in Area C- South Omaha 3. TIF proceeds are used for the construction of public improvements The Roseland Apartment Re-Development project will not utilize TIF proceeds for such public improvements as streets, public water/sewer systems. However, TIF proceeds will be used to re-habilitate residential structures themselves as well as sidewalks and other exterior improvements (i.e. landscaping). as a loan from the Federal Home Loan Bank's Affordable Housing Program. CC: John Foley The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit G Preliminary Plans for Project riteria (402)963-9099 Fax: (402)963-9131 E-mail:john.@csdlic.org MEMO DATE: 02/28/2011 TO: Park Roseland Apartments,LLC FROM John C.Foley RE: Deferred Developer fee Central States Development LLC, (hereafter CSDLLC)agrees to defer developer fees to Park Roseland Apartments,LLC(hereafter PRALLC) in the amount of Eighty- two thousand three hundred thirty dollars($82,330.00) in the event that PRALLC receives an allocation of low income housing tax credits from the Nebraska Investment Finance Authority(NIFA)in the CRANE allocation process. The terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 • • • • • ALLEY ��vns • mem I, o =i 11I'1:i'1'I'I{'„ • q Z II NM �..JJ LI..e e-.1.JLL•.�_c ins, s� Eir I L4uIi1L G SOUTH 24TH STREET Yer im[ - � S pp oat ka,eYM aMnmm�,lLG f�obi M C) Site Plan € f.' it SLKESIABERNATHIE s Roseland Apartments iii■■�, V ksy , „a„oma,FA.,,.,»493J receives an allocation of low income housing tax credits from the Nebraska Investment Finance Authority(NIFA)in the CRANE allocation process. The terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 r ram, j........+ •••• .,.P,.. 1P,71.. :��s i S E ifi F 5 . 17t71 1? 1 t. �5 b o ❑ ❑ . 1 ( (e g m _ J11=117 J�L,f_ , J�L""'J L" g m m 6 6 SR gr 9 Z r r O 1 m Z -97 E E-,I l _E I 0 ❑ ❑ an 111#_. 0 1111111111 0 Q..r A I ; -' L., 5 _, - ❑ ❑ ❑ u i u n n c yi • N.n..e.c•wrtu uc �� idw., :r SIKES ABERNATHIE > Basement&First o i- a I , ■11 9 Roseland Apartments er `�" 5° O Level Floor Plans ...,� , is ".. SA ,. •,. .,., si8 9� ' y of Omaha. The Roseland Apartments Re-development Project has resulted in the creation of a new business, Park School Apartments, LLC will own the 41 unit affordable housing project (24 units at Park School and 17 units at Roseland Theatre), which will be operated within the City of Omaha. 8. The Roseland Theatre property has displayed a recent pattern of declining real estate assessments as measured by the Douglas County Assessor's Office. Roseland Theatre Assessment Land Building Total 2006 45,000 318,000 363,000 2007 45,000 318,000 363,000 2008 45,000 214,600 259,600 2009 45,000 214,600 259,600 2010 45,000 214,600 259,600 has been completed, additional jobs will be created to maintain the facility. 2. The project is located in one of the previously designated blighted areas. Roseland Theatre is located in Area C- South Omaha 3. TIF proceeds are used for the construction of public improvements The Roseland Apartment Re-Development project will not utilize TIF proceeds for such public improvements as streets, public water/sewer systems. However, TIF proceeds will be used to re-habilitate residential structures themselves as well as sidewalks and other exterior improvements (i.e. landscaping). as a loan from the Federal Home Loan Bank's Affordable Housing Program. CC: John Foley The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 II I' IIII _f' Ni: ii.1 rp s ii 1 e ,, . . . . . . . ( 4 (- II En"+ b' s o b Sm ;za - . m 4 r r III m O r A II II o JAL .. 1 L I—I. 1ml . JAL . ° II 1 z I' • . flipp}: i..*; Einal 0 p,. _I I ' 1 I ' I _Alt/ 1111 UHOH � �,..;, ii 'dI n �, I Nth, ICI i. Id I /I a °0a °0 `'�� ul 9 9 A L rag R 3 6 8 3l � Y�,V r 1 • !—,.)—,—Y—Y_)—I lei)-1 FBI —1—(—b II— I I I H I .g e '11- a---.m-- I I 1 -1 11...,..; ...,; 111 I I 711LJ.. ^I^r1.1 ^n^.-Frrnt^ it 5Y/¢F!VII illy NI'Floor Plans III $ 0 SII e3..a.a..°.m..,e..,,caarmcm.c I a -p=. ha. 8. The Roseland Theatre property has displayed a recent pattern of declining real estate assessments as measured by the Douglas County Assessor's Office. Roseland Theatre Assessment Land Building Total 2006 45,000 318,000 363,000 2007 45,000 318,000 363,000 2008 45,000 214,600 259,600 2009 45,000 214,600 259,600 2010 45,000 214,600 259,600 has been completed, additional jobs will be created to maintain the facility. 2. The project is located in one of the previously designated blighted areas. Roseland Theatre is located in Area C- South Omaha 3. TIF proceeds are used for the construction of public improvements The Roseland Apartment Re-Development project will not utilize TIF proceeds for such public improvements as streets, public water/sewer systems. However, TIF proceeds will be used to re-habilitate residential structures themselves as well as sidewalks and other exterior improvements (i.e. landscaping). as a loan from the Federal Home Loan Bank's Affordable Housing Program. CC: John Foley The redevelopment of Park School seeks to reverse the blight trends occurring in the southern end of Strategy Area:. It is critical to ongoing efforts to preserve 24 affordable housing units in an historic property that is highly visible from Interstate 480. The City of Omaha considers Park School as a cornerstone property that serves as a transition point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 . . . . 11 II ll • ‘.09,.. 1 t 2 ri 6 1 1 ci r_,,, , , . , PI a , . . • • Q roL.1 ( II -0 :5 e 0 •rn m m . ol • rT 5 i m 0 z 0 -< ..= c . mum ----t _ ma [ i E • • EaIJ Z • c 00 0( . 1111 .1.■••••••••••••••• . II ,,_ , „, r . s • (4 to 0 6 T NS c . • 11111 • c . q . 6 . • • • 0, -2,-..-__,..--- . 0 73 0 . 0 • K 0 m --i • =1 . I 1111.1\ 7.1 . . z . 0 • . . z E • illUU , ',73c,-----1 'aii . 1 .• II • ,L——--" MOM• CO • ' MOM• M • MI.• E MINIM III ili NM m 1 a _ 1 Gil. (g „,-.. 1---.1- .• ,---, . P , „P4. • - ;, 6 •. CD z • 194 —4 8 ?, o c 11 m olio N,0 . 0 o 1 1 z . K 1 • c . z . 4 - . m . . i Z . ,_______ i_._. 2 • D . . • ======r1 .. . . ,• .• • ... . . .. . .. • . . . . . . . . . - . • • , • — limil f, ; flip.aoac,a Arrorn,rat,it.t I I ...›:"7701;7:., . ,.. r^,-;„;',' nil iiPlAr, IIIII I i'. i rliiHrIgrs,!PrIri ArIntirrl:nrit!:: it if Fl 9:5 ..r. I =1 I I 111111 1 i dl One•.1 ABLIKATI.....erscrs.rc I I `2'....5r.li, V18.....,4I1 91.4 Y40.14 ... . , ,.. ., , . . tion point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 I -- 1 , i ._ • ..,. _. LI- ,I 1 . ® I - 1 \i'>Ii7 L 1 I j N 1111111 MINI- ! - . gi 1 __ • .I .i/t . /I• 1 1 Ea. ■■ II �9 'ID/.Ls It. i rF Ir C i: � is ,i t , -4.':,[m4.19 i ':ti--,� IuI 'l.r - I 1.-- �t Iis I , ;ih. { _T. .-.. _l i I _.i. 'f1 ' HHnein u ,:: r ( . terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 1 CO/✓7/A-7 F.Gc!> e - --. 7.-e c e, ,e- / '`/ .97i,C.E7" THIS IS A PLAT FOR LOAN PURPOSES ONLY, AND DOES NOT COMPLY WITH SECTIONS 81-8, � Y�/�� 122 AND 81-8, 122.01 RRS NEBR: 1943, (�' REISSUE OF 1976, AND SHOULD NOT BE USED • (a is • ,,•,_} — • a,Pic.,e-• FOR CONSTRUCTION PURPOSES. /?-49r/T.�/'J,t-- ' G -,�����n,�,�-� This plat shows the location and the /,�If��C dimensions of the. improvements on eoyC.:pyyt� . kr y//� coNC /V//,4/C Lot 6, Block 79, •an Addition to aSouth Omaha, now a part of the City of Omaha, as surveyed, platted and P4-d' I recorded in Douglas County, Nebraska. .793G 1.59 October 1, 1987 3y . 4'932 ( • X"rt-It'44'74- ‘4109:%. ,/2" Ernest W. Koenig, Jr. , L.S. 313 ittotimmnif,�,,ss* ,�p,F.AS 4�"u,,,, p,' e, ` ..I.rF( I►i . ti+ i Our_C'' `-!�4©M♦♦ 1 V\ ♦ i • e• �• r u .> r r. LS-313 ,, _N µ cr Y y !t)_ ACV/cam 49,0g < , �Q S u�t`y '� c ah - , f h _ ^ .o ..rre9.4.t-,'/ ', zv ' 0 , '' .79,:6' ' JOB NO. 2OU-/S'S/-//-.3 —__-3 /3U..4' SHEET NO. /7a O9s/'-9•ci0"----2____--, ts,c -/�o`Y,��s.E.PIi-C,c-' BOOK l�.P/O 36; PAGE/5/6 (---I 9.4c.,rY THOMPSON, DREESSEN & DORNER, INC., 10A0 PACIFIC STREET, OMAHA, NEBRASKA 68114, 402.397.7694 • c . z . 4 - . m . . i Z . ,_______ i_._. 2 • D . . • ======r1 .. . . ,• .• • ... . . .. . .. • . . . . . . . . . - . • • , • — limil f, ; flip.aoac,a Arrorn,rat,it.t I I ...›:"7701;7:., . ,.. r^,-;„;',' nil iiPlAr, IIIII I i'. i rliiHrIgrs,!PrIri ArIntirrl:nrit!:: it if Fl 9:5 ..r. I =1 I I 111111 1 i dl One•.1 ABLIKATI.....erscrs.rc I I `2'....5r.li, V18.....,4I1 91.4 Y40.14 ... . , ,.. ., , . . tion point to the Field Club and Hanscom Park neighborhoods. The City is undertaking enhanced code enforcement action in the surrounding neighborhood and the area is eligible for rehabilitation grants and loans. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • PORM 3061 R. t t/74•CHICAGO TITLE INSURANCE COMPANY STANDARD PORM SURVEYOR'S REPORT ORDER NO: • SURVEYOR'S REPORT • TRANS AMERICA TITLE I hereby report to INSURANCE COMPANY that I have made an accurate survey of the premises situated at OMATHA DOUGLAS • NEBRASKA City Glum Slate known as Street Numbers 4932-4934-4936 South 24th Street and shown on the accompanying map or plat of survey. In connection with such survey I made a,careful inspection of said premises on October 1st 19 87 , and at the time of inspection I found to be in possession of said premises Roseland Redevelopment Partners. LTD as Owners (Unuo or(uwncr) I made a specific examination with respect to the following items and report the existence of evidence of the follow. ing: (if none, state "none"): ' 1. Rights of way, including those for roads, lanes, driveways or walks across said premises serving other property: NONE VISIBLE 2. Streams, ponds, or lakes located, bordering on or running through said premises: NONE VISIBLE 3. Telephone, telegraph or electric power poles or wires overhanging or crossing said premises and serving other property or properties; NONE VISIBLE b, Underground installations such as sewers, water pipes, gas or oil pipe lines, conduits, across said premises: •NONR VTSTBT.R • 5. Drainage ditches or underground drain tile across said premises: • • N0NR VTST TIT.R 6. Joint.driveways or walkways; party or curtain walls; beam rights; porches, steps or roofs used in common or joint garages: NONE VISIBLE ' • 7. Encroachments, or overhanging projections (If our building or its eaves, fire escapes, bay windows, doors, he pipes, stoops, or areaways, or signs affixed thereto, or our fences, walks, drives, gates or entrances encroach upon or over. hang adjoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit H Development Schedule ,I 1 . ® I - 1 \i'>Ii7 L 1 I j N 1111111 MINI- ! - . gi 1 __ • .I .i/t . /I• 1 1 Ea. ■■ II �9 'ID/.Ls It. i rF Ir C i: � is ,i t , -4.':,[m4.19 i ':ti--,� IuI 'l.r - I 1.-- �t Iis I , ;ih. { _T. .-.. _l i I _.i. 'f1 ' HHnein u ,:: r ( . terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 . Mar-13 IFeb-13 MJan-13ay-12 Dec-12 Nov-12 Oct-12 Sep-12 • a ' Aug-12 Jul-12 Jun-12 v c L a c Apr-12 4) E Mar-12 c. Iii a� II Feb-12 m CI Jan-12 Dec-11 E IINov-11 aI Oct-11 a c Sep-11 4) COiii Aug-11 0 re Jul-11 Y L a: - a MayJun-1111 Apr-11 Mar-11 c >+ _. c c c c = a a e� u o m 0 'a-i -a � Eo u w p Q El o p 3 Cl) 0 O t 0 a 0 a a o 0 o Cam) ` c To2L L 0 c G O ,...3 �0. c� ay. -•U 0 V = '�11 V .42 y = 2 L w 2 V 'a c a '0 r = co c V al 0. 0 > o L 0 0 o m c < 0c F..) < 0 0 0 0 u walls; beam rights; porches, steps or roofs used in common or joint garages: NONE VISIBLE ' • 7. Encroachments, or overhanging projections (If our building or its eaves, fire escapes, bay windows, doors, he pipes, stoops, or areaways, or signs affixed thereto, or our fences, walks, drives, gates or entrances encroach upon or over. hang adjoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit I List of Public Improvements 1 . ® I - 1 \i'>Ii7 L 1 I j N 1111111 MINI- ! - . gi 1 __ • .I .i/t . /I• 1 1 Ea. ■■ II �9 'ID/.Ls It. i rF Ir C i: � is ,i t , -4.':,[m4.19 i ':ti--,� IuI 'l.r - I 1.-- �t Iis I , ;ih. { _T. .-.. _l i I _.i. 'f1 ' HHnein u ,:: r ( . terms of the loan are as follows: Deferred developer fee: $82,330.00 15.9 hnC;Foley Managing Member 1 li n Enclosed Revised 03/99 SIKES + ABERNATHIE4.`` �/' :... 11116 ARCH ITE CTS . '�'� j. . July 11, 2011 Mike Fallesen Central States Development, LLC 740 South 75"1 Street Omaha, NE 68144 RE: Park Roseland This letter is offered to confirm that we have inspected both the Park School and Roseland properties, and we have prepared a.detailed capital needs assessment for each. We have also reviewed letters from the utility providers, 1 �I Based on this information and the similarity of the proposed improvements to the properties, it is our opinion that the existing utility services are adequate and do:not require upgrades. Additional analysis of the utilities will be conducted as the designs are developed to confirm this assessment. Sincerely, Sikes Abernathie Architects, PC { Michael R. Abernathie Architect • 406 SOUTH BOULDER AVENUE, SUITE 700 TULSA, OK 74103 918.599.0541 FAX: 918.599.0983 0 a 0 a a o 0 o Cam) ` c To2L L 0 c G O ,...3 �0. c� ay. -•U 0 V = '�11 V .42 y = 2 L w 2 V 'a c a '0 r = co c V al 0. 0 > o L 0 0 o m c < 0c F..) < 0 0 0 0 u walls; beam rights; porches, steps or roofs used in common or joint garages: NONE VISIBLE ' • 7. Encroachments, or overhanging projections (If our building or its eaves, fire escapes, bay windows, doors, he pipes, stoops, or areaways, or signs affixed thereto, or our fences, walks, drives, gates or entrances encroach upon or over. hang adjoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 pp►A1[A,NB 1..0110. Public Works Department Omaha/Douglas Civic Center � t� 1819 Famam Street,Suite 601 f .a Omaha,Nebraska 68183-0601 '0 /74:0 mime'' Fax(402)444-5248 City of Omaha Robert G.Stubbe,P.E. Jim Sunk,Mayor Public Works Director Apri16,2011 Mr.Michael Fallesen • Central States Development,LLC 740 South 75th Street Omaha,NE 68144 Dear Mr.Fallesen, In response to your letter dated March 28th, 2011, this letter confirms that the City of Omaha has installed and is operating a sanitary sewer in the service area of 1320 S. 29th Street and in the service area of 4932 S. 24th Street. Property owners may install individual connections to the sewers subject to the technical feasibility of doing so and subject to all stipulations and conditions of the applicable sections of Chapters 31 and 49 of the Omaha Municipal Code. If you have further questions about the SEB Program, please feel free to contact me at heather.tippey-pierce@ci.omaha.ne.us or by phone at 402-444-3275. Sincerely, Heather Tippet'Pierce General Services Manager, City of Omaha Public Works Department ay. -•U 0 V = '�11 V .42 y = 2 L w 2 V 'a c a '0 r = co c V al 0. 0 > o L 0 0 o m c < 0c F..) < 0 0 0 0 u walls; beam rights; porches, steps or roofs used in common or joint garages: NONE VISIBLE ' • 7. Encroachments, or overhanging projections (If our building or its eaves, fire escapes, bay windows, doors, he pipes, stoops, or areaways, or signs affixed thereto, or our fences, walks, drives, gates or entrances encroach upon or over. hang adjoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 metropolitan UTILITIES DISTRICT 3100 S 61 AVE ^ OMAHA NE 68106 rvww.niudomaha.corn July 7, 2011 , Central States Development LLC Michael Fallesen, Director of.Development 740 S 75th Street Omaha, NE 68144 . RE: Gas and water service availability for apartment buildings at 1320 S 29th Street in Omaha, Nebraska (Park School)4934 S 24th Street in Omaha, Nebraska (Roseland Theatre) Dear Michael, The Metropolitan Utilities District is the supplier of gas and water service for these existing buildings. All modifications of the gas or water service to these buildings must be approved by M.U.D. based on plans being submitted for review, There are currently existing gas and water mains that should be adequate for this project. All construction fees will apply including main extensions,connection charges,tapping the main,meters, capital facilities charge and properly disconnecting any abandoned gas or water services. Call or e-mail me if you have questions. Sincerely, �.:�.- ;tea--77-a-,-- .- Don Noonan Builder&Contractor Services (402)504-7988 Don Noonan@mudnebr.com • Your customer-owned natural gas and water utility since 1913 t V = '�11 V .42 y = 2 L w 2 V 'a c a '0 r = co c V al 0. 0 > o L 0 0 o m c < 0c F..) < 0 0 0 0 u walls; beam rights; porches, steps or roofs used in common or joint garages: NONE VISIBLE ' • 7. Encroachments, or overhanging projections (If our building or its eaves, fire escapes, bay windows, doors, he pipes, stoops, or areaways, or signs affixed thereto, or our fences, walks, drives, gates or entrances encroach upon or over. hang adjoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • Mike Fallesen From: QUADE JR,JOHN R[jrquade@oppd.com] Sent: Friday,April 29,2011 3:40 PM To: 'MFALLESEN@NEB.RR.COM' Subject: 1320 s 29 st&4934 s 24 st Mike, The electric services to the above addresses are available and adequately sized. Please call me if you have questions. Thanks, John Quade This e-mail contains Omaha Public Power District's confidential and proprietary information and is for use only by the intended recipient. Unless explicitly stated otherwise,this e-mail is not a contract offer, amendment, nor acceptance. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. • • _ y Managing Member 1 li n Enclosed Revised 03/99 Park Roseland Apartments LLC TIF Application Exhibit J Corporate Documentation PM To: 'MFALLESEN@NEB.RR.COM' Subject: 1320 s 29 st&4934 s 24 st Mike, The electric services to the above addresses are available and adequately sized. Please call me if you have questions. Thanks, John Quade This e-mail contains Omaha Public Power District's confidential and proprietary information and is for use only by the intended recipient. Unless explicitly stated otherwise,this e-mail is not a contract offer, amendment, nor acceptance. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. • • _ y Managing Member 1 li n Enclosed Revised 03/99 STATE OF NEBRASKA ♦ SECRETARY OF STATE'S OFFICE 1445 "K" STREET • STATE CAPITOL SUITE 1301 • LINCOLN, NE • 68509 BUSINESS SERVICES DIVISION CORPORATIONS UNIFORM COMMERCIAL CODE NOTARY P.O.BOX 94608 P.O.BOX 95104 P.O.BOX 95104 (402)471-4079 (402)471-4080 (402)471-2558 FAX:471-3666 FAX 471-4429 FAX:471-4429 JOHN A.GALE www.sos.state.ne.us JUDY JOBMAN Secretary of State Deputy Secretary of State INTERIM HOLDINGS,LLC ATTN: JOHN FOLEY 740 SOUTH 75TH STREET OMAHA,NE 68114 • April 12,2011 ACKNOWLEDGEMENT OF FILING The document(s)listed below Were filed with the Nebraska Secretary of State's Office, Corporation Division. A label has been affixed to each filing signifying the filing stamp for the Nebraska Secretary of State's Office,Corporation Division. This filing label indicates the date and time of the filing and also references a document number that can be used to reference this filing in the future. Please remember it is your responsibility to notify the Secretary of State's office of any change(s)in the information you filed: • ACKNOWLEDGEMENT OF FILING FEES RECEIVED Action/Service Company/Entity Name • Fee Received Certificate of PARK ROSELAND APARTMENTS,I.Tf 100.00 Organization Per Page Charge PARK ROSELAND APARTMENTS,LLC 15.00 Total Fees Received $115.00 Paige Deppe • Filing Officer < 0 0 0 0 u walls; beam rights; porches, steps or roofs used in common or joint garages: NONE VISIBLE ' • 7. Encroachments, or overhanging projections (If our building or its eaves, fire escapes, bay windows, doors, he pipes, stoops, or areaways, or signs affixed thereto, or our fences, walks, drives, gates or entrances encroach upon or over. hang adjoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • • • NE Sec o9 Starke John A Gole - CORP CRTO ill I 111111 11111 11111 11111 11111 11111 liii I I I 1001056347 Pas: 3 PARK ROSELAND APARTMENTS, LLC Filed: 04/12/2011 01:47 PM CERTIFICATE OF ORGANIZATION OF PARK ROSELAND APARTMENTS,LLC The undersigned,desiring to form a limited liability company under the Nebraska Uniform Limited Liability Company Act, adopt the following Certificate of Organization for such Company, and do hereby verify: ARTICLE "I" • The name of the Company shall be: Park Roseland Apartments, LLC. .. ARTICLE"II" The period of duration of the Company shall be perpetual from the date this Certificate is filed with the Nebraska Secretary of State. ARTICLE "III" • The purposes for which the Company is organized is to do and transact fully any and all lawful business,other than banking or insurance, for which a limited liability company may be organized under the Nebraska Uniform Limited Liability Company Act, as amended from time to time. ARTICLE "IV" The affairs of the Company are to be conducted by a Manager elected by the members according to the Operating Agreement. The Manager shall have such powers and duties as set forth in the Operating Agreement. Central States Development, LLC John Foley it's Manager 740 South 75`h Street Omaha, Nebraska 68114, is to serve as Co-Managing Member until the first annual meeting of members or until a successor is elected and qualified_ ARTICLE"V" • The total amount of cash and property contributed by the organizational and special services members as capital is set forth below: Central States Development, LLC $51.00 Christian Worship Center $49.00 djoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 ARTICLE "VI" Additional contributions shall be made by the members in the amounts and at the time or upon the happening of the events as set out in the Operating Agreement. ARTICLE "VII" The members of the Company retain the right to admit additional members from time to time,upon unanimous approval, and according to the terms and conditions set forth in the Operating Agreement. Except as provided in the Operating Agreement,the interests of the members in the Company may not be transferred or assigned. ARTICLE"VIII" The Company reserves the right to amend or repeal any provisions contained in this Certificate of Organization in the manner now and hereafter permitted by law, and all rights conferred upon members here are granted subject to this reservation. ARTICLE "IX" In the event of the death, retirement resignation,expulsion, bankruptcy,or dissolution of a member the occurrence of any other event which terminates the continued membership of a member in the Company the remaining members have the right, with the consent of the remaining members constituting at least a two-thirds(2/3)majority interest,to continue the business of the Company, at their election and option. ARTICLE"X" The Company's Initial Agent and Initial Designated Office Address: Theodore Boecker Boecker Law 11225 Davenport Street, STE 100 Omaha,NE 68154 ARTICLE"XI" The address of the Company's principal place of business is 740 South 75th Street Omaha,Nebraska 68114. e first annual meeting of members or until a successor is elected and qualified_ ARTICLE"V" • The total amount of cash and property contributed by the organizational and special services members as capital is set forth below: Central States Development, LLC $51.00 Christian Worship Center $49.00 djoining properties, or similar adjoining structures encroach upon or overhang our premises, specify same and if buildings are substantially on property lines indicate if walls are plumb and if foundations and footings are within lines): NONE VISIBLE • 8. Physical evidence of boundary lines on all sides (Be specific as to how boundary lines are evidenced;that is,by fences, plantings, etc. Indicate whether same differ from deed lines and whether there is evidence of disagreement as to boundaries): BUILDING WALLS ON ALL PROPERTY LINES. 9. Any unusual elements of use or possession affecting said premises(cemeteries,parks,etc.): NOT TO MY KNOWLEDGE • . I0. Evidence of contemplated, commenced or newly completed construction(be specific as to what has been done and' Indicate the names 'of any parties who may have or will supply either labor or materials): NOT TO MY KNOWLEDGE • • • _ _t ns. We have identified deteriorated properties and would proceed with acquisition,demolition and new • construction of single-family homes with the Park School project as the lead. The improvements to the Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Executed in duplicate original counterparts by the undersigned members oh the 23rd day of March, 2011. Park Roseland Apartments, LLC By: John o - anager Centr 1 States Development, • LLC Co-Managing Member STATE OF NEBRASKA ) - ) ss COUNTY OF DOUGLAS) The foregoing instrument was acknowledged before me this 23rd day of March 2011, by John Foley, Manager of Central.States Development,LLC Co-Managing Member of Park Roseland Apartments,LLC. A GENERAL NOTARY•State of Nebraska U a l, PHYWS C.PEtEtSON NO ublic ® My Comm.Exp.Mandl 22,2012 ed that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. • • _ y Managing Member 1 li n Enclosed Revised 03/99 �pr,, TDC+ ii�7DEPARTMENT OF THE TREASURY l lINTERNAL REVENUE SERVICE. CINCINNATI OH 45999-0023 Date of this notice: 03-07-2011 Employer Identification Number: 27-5371897 Form: SS-4 Number of this notice: CP 575 B PARK ROSELAND APARTMENTS LLC % CENTRAL STATES DEVELOPMENT LLC MB 740 S 75TH ST For assistance you may call us at: OMAHA, NE 68114 1-800-829-4933 IF YOU WRITE, ATTACH THE STUB AT THE END OF THIS NOTICE. WE ASSIGNED YOU AN EMPLOYER IDENTIFICATION NUMBER Thank you for applying for an Employer Identification Number (EIN) . We assigned you EIN 27-5371897. This EIN will identify you, your business accounts, tax returns, and documents, even if you have no employees. Please keep this notice in your permanent records. When filing tax documents, payments, and related correspondence, it is very important that you use your EIN and complete name and address exactly as shown above. Any variation may cause a delay in processing, result in incorrect information in your account, or even cause you to be assigned more than one EIN. If the information is not correct as shown above, please make the correction using the attached tear off stub and return it to us. Based on the.. information received from you or your representative, you must file the following form(s) by the date(s) shown. Form 1065 04/15/2012 If you have questions about the form(s) or the due date(s) shown, you can call us at the phone number or write to us at the address shown at the top of this notice. If you need help in determining your annual accounting period (tax year) , see Publication 538, Accounting Periods and Methods. We assigned you a tax classification based on information obtained from you or your representative. It is not a legal determination of your tax classification, and is not binding on the IRS. If you want a legal determination of your tax classification, you may request a private letter ruling from the IRS under the guidelines in Revenue Procedure 2004-1, 2004-1 I.R.B. 1 (or superseding Revenue Procedure for the year at issue) . Note: Certain tax classification elections can be requested by filing Form 8832, Entity Classification Election. See Form 8832 and its instructions for additional information. A limited liability company (LLC) may file Form 8832, Entity Classification Election, and elect to be classified as an association taxable as a corporation. If the LLC is eligib_e to be treated as a corporation that meets certain tests and it will be electing S corporation status, it must timely file Form 2553, Election by a Small Business Corporation. The LLC will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 • • (IRS USE ONLY) 575B 03-07-2011 PARK B 9999999999 SS-4 IMPORTANT REMINDERS: * Keep a copy of this notice in your permanent records. This notice is issued only one time and the IRS will not be able to generate a duplicate copy for you. * Use this EIN and your name exactly as they appear at the top of this notice on all your federal tax forms. * Refer to this EIN on your tax-related correspondence and documents. If you have questions about your EIN, you can call us at the phone number or write to us at the address shown at the top of this notice. If you write, please tear off the stub at the bottom of this notice and send it along with your letter. If you do not need to write us, do not complete and return the stub. Thank you for your cooperation. Keep this part for your records. CP 575 B (Rev. 7-2007) • Return this part with any correspondence so we may identify your account. Please CP 575 B correct any errors in your name or address. • 9999999999 Your Telephone Number Best Time to Call DATE OF THIS NOTICE: 03-07-2011 ( ) - EMPLOYER IDENTIFICATION NUMBER: 27-5371897 FORM: SS-4 NOBOD INTERNAL REVENUE SERVICE PARK ROSELAND APARTMENTS LLC. CINCINNATI OH 45999-0023 % CENTRAL STATES DEVELOPMENT LLC MB IiiiihiI(thlith ultln hulllllllll 740 S 75TH ST OMAHA, NE 68114 stions about the form(s) or the due date(s) shown, you can call us at the phone number or write to us at the address shown at the top of this notice. If you need help in determining your annual accounting period (tax year) , see Publication 538, Accounting Periods and Methods. We assigned you a tax classification based on information obtained from you or your representative. It is not a legal determination of your tax classification, and is not binding on the IRS. If you want a legal determination of your tax classification, you may request a private letter ruling from the IRS under the guidelines in Revenue Procedure 2004-1, 2004-1 I.R.B. 1 (or superseding Revenue Procedure for the year at issue) . Note: Certain tax classification elections can be requested by filing Form 8832, Entity Classification Election. See Form 8832 and its instructions for additional information. A limited liability company (LLC) may file Form 8832, Entity Classification Election, and elect to be classified as an association taxable as a corporation. If the LLC is eligib_e to be treated as a corporation that meets certain tests and it will be electing S corporation status, it must timely file Form 2553, Election by a Small Business Corporation. The LLC will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Park Roseland Apartments LLC TIF Application Exhibit K Park Roseland Apartments, LLC is a single purpose limited liability company. The single purpose is to act as the ownership entity for the Park Roseland Apartments Re-development Project. As the Park Roseland Apartments Re-development project is in a pre-development state, it has not received any funds and is not presently the owner of any assets,there is no tax return or audited financial statement prepared for this entity. d Apartments,LLC. A GENERAL NOTARY•State of Nebraska U a l, PHYWS C.PEtEtSON NO ublic ® My Comm.Exp.Mandl 22,2012 ed that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. • • _ y Managing Member 1 li n Enclosed Revised 03/99 Chairperson Boar'd 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 tytAILING LIST RECEIVED // -/ RECEIVED BY • Mi)a.ING MADE DATE MAILED // ' ea- 3 —i/ 575 B correct any errors in your name or address. • 9999999999 Your Telephone Number Best Time to Call DATE OF THIS NOTICE: 03-07-2011 ( ) - EMPLOYER IDENTIFICATION NUMBER: 27-5371897 FORM: SS-4 NOBOD INTERNAL REVENUE SERVICE PARK ROSELAND APARTMENTS LLC. CINCINNATI OH 45999-0023 % CENTRAL STATES DEVELOPMENT LLC MB IiiiihiI(thlith ultln hulllllllll 740 S 75TH ST OMAHA, NE 68114 stions about the form(s) or the due date(s) shown, you can call us at the phone number or write to us at the address shown at the top of this notice. If you need help in determining your annual accounting period (tax year) , see Publication 538, Accounting Periods and Methods. We assigned you a tax classification based on information obtained from you or your representative. It is not a legal determination of your tax classification, and is not binding on the IRS. If you want a legal determination of your tax classification, you may request a private letter ruling from the IRS under the guidelines in Revenue Procedure 2004-1, 2004-1 I.R.B. 1 (or superseding Revenue Procedure for the year at issue) . Note: Certain tax classification elections can be requested by filing Form 8832, Entity Classification Election. See Form 8832 and its instructions for additional information. A limited liability company (LLC) may file Form 8832, Entity Classification Election, and elect to be classified as an association taxable as a corporation. If the LLC is eligib_e to be treated as a corporation that meets certain tests and it will be electing S corporation status, it must timely file Form 2553, Election by a Small Business Corporation. The LLC will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 OF�MAH'A,;,v4. City o Omaha Nebras a `_ �1I' mirer.1 R 1. tilia 1819 Farnam—Suite LC 1 ����\J jtd Omaha, Nebraska 68183-0112 0� `,J�;.,_ Buster Brown (402) 444-5550 .o � City Clerk FAX (402) 444-5263 0le 41- 47'tp FEBR "NOTICE TO TAXING AUTHORITY" Notice is hereby given that the Omaha City Council has set Tuesday, December 13, 2011 at 2:00 p.m. as the date of Public Hearingon the Roseland Theatre Apartments Tax Increment Financing Redevelopment Project Plan. The Roseland Theatre Apartments Tax Increment Financing Redevelopment Project Plan contemplates the complete rehabilitation of 17 apartment units and the underground parking structure of the Roseland Theatre Apartments building located at 4932 South 24th Street. Tax Increment Financing in an amount up to $87,434.00 will be used to offset the cost of site work, acquisition, demolition, architectural and engineering fees, rehabilitation costs and public improvements for which $15,000.00 of TIF will be used. The total project cost is estimated to be $1,875,107.00. 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 TH ST OMAHA, NE 68114 stions about the form(s) or the due date(s) shown, you can call us at the phone number or write to us at the address shown at the top of this notice. If you need help in determining your annual accounting period (tax year) , see Publication 538, Accounting Periods and Methods. We assigned you a tax classification based on information obtained from you or your representative. It is not a legal determination of your tax classification, and is not binding on the IRS. If you want a legal determination of your tax classification, you may request a private letter ruling from the IRS under the guidelines in Revenue Procedure 2004-1, 2004-1 I.R.B. 1 (or superseding Revenue Procedure for the year at issue) . Note: Certain tax classification elections can be requested by filing Form 8832, Entity Classification Election. See Form 8832 and its instructions for additional information. A limited liability company (LLC) may file Form 8832, Entity Classification Election, and elect to be classified as an association taxable as a corporation. If the LLC is eligib_e to be treated as a corporation that meets certain tests and it will be electing S corporation status, it must timely file Form 2553, Election by a Small Business Corporation. The LLC will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 J 1 Jr�S-27Ih St�� Q,), l ' aya0 shoompm.. /-1,S . :/----- I r I, S-27th-St /// ..., _ 5 _ S-26th-St //: i _� ' } te _ _ _.�.. -S-26th-St ____ '� -- S-25th-St -� __I ,/yr-- Li 1 1 -' I _ ,r -----_S-24th-St - I 41. -f- z , 1 1_ ? I in - N., — — cn S-23rd-St I . , ., I F - J 1-1 I S-22nd-St N • Iliu E A 1 ► 1 cii N S-21 st-St I- S-21 st-St _ ___ 7 f 1 H - lu - N S,20th•St I II 11 1 1 1 1 1 1 1 I 1 I II II I I III 11 ► I I 1 1 F1I I I I I I I I1111 -1 I I I Council of the City of Omaha, in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha, Nebraska. Buster Brown City Clerk TH ST OMAHA, NE 68114 stions about the form(s) or the due date(s) shown, you can call us at the phone number or write to us at the address shown at the top of this notice. If you need help in determining your annual accounting period (tax year) , see Publication 538, Accounting Periods and Methods. We assigned you a tax classification based on information obtained from you or your representative. It is not a legal determination of your tax classification, and is not binding on the IRS. If you want a legal determination of your tax classification, you may request a private letter ruling from the IRS under the guidelines in Revenue Procedure 2004-1, 2004-1 I.R.B. 1 (or superseding Revenue Procedure for the year at issue) . Note: Certain tax classification elections can be requested by filing Form 8832, Entity Classification Election. See Form 8832 and its instructions for additional information. A limited liability company (LLC) may file Form 8832, Entity Classification Election, and elect to be classified as an association taxable as a corporation. If the LLC is eligib_e to be treated as a corporation that meets certain tests and it will be electing S corporation status, it must timely file Form 2553, Election by a Small Business Corporation. The LLC will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 c-asA CITY OF OMAHA LEGISLATIVE CHAMBER Omaha,Nebraska RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA: WHEREAS, the primary objectives of the City of Omaha's Master Plan and Community Development Program are to encourage additional private investment and infill development within inner-city neighborhoods, and to eliminate conditions which are detrimental to public health, safety and welfare, by developing vacant, underutilized property within these neighborhoods; and, WHEREAS, the redevelopment project site located at 4932 South 24th Street is within a designated community redevelopment area as the area meets the definition of blight and substandard per the Community Development law, and is in need of redevelopment; and, WHEREAS, the Roseland Theatre Apartments Tax Increment Financing (TIF) Redevelopment Project Plan for the redevelopment project site was approved by the City of Omaha Planning Board at their November 2,2011 meeting and approved by the TIF Committee; and, WHEREAS, the project site for the Roseland Theatre Apartments Tax Increment Financing (TIF) Redevelopment Project Plan is located at 4932 South 24th Street as per the legal description(see Exhibit"A"for complete legal description); and, WHEREAS, the Roseland Theatre Apartments Tax Increment Financing (TIF) Redevelopment Project Plan contemplates the complete rehabilitation of 17 apartment units and the underground parking structure of the Roseland Theatre Apartments building as described in Exhibit"B" attached hereto and made a part hereof; and, WHEREAS, this Resolution seeks the approval of the Roseland Theatre Apartments Tax Increment Financing (TIF) Redevelopment Project Plan which recommends the City's participation through the allocation of TIF in an amount up to $87,434.00 to offset the costs of acquisition, site work, demolition, architectural and engineering, rehabilitation costs, public improvements, for which at least $15,000.00 of the TIF will be used, and with a total estimated project cost is $1,875,107.00; and, By Councilmember Adopted City Clerk Approved Mayor Street, Omaha,Nebraska. Buster Brown City Clerk ALL REQUESTS FOR ENERAL NOTARY State of Nebraska SIGN LANGUAGE 0• MARCIA A.GUSTAFSON INTERPRETERS GN- E S)WILL REQUIRE A My Comm.Exp.June 30,2012 Notary Public MINIMUM OF 4$HOURS ADVANCE NOTICE. IF ALTERNATIVE FORMATS ARE NEEDED ALL REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS ADVANCE NOTICE. PLEASENOTIFY DY FORD THINNESPrinter's Fee$ 444-5553, IF ARRANGEMENTS Affidavit NEED TO BE MADE. Paid By O1NotaryPubli' 'F , g;: . .• jr,:'/:ts : r and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 C-25A CITY OF OMAHA 3 LEGISLATIVE CHAMBER Omaha,Nebraska Page 2 �) . °� WHEREAS, the plan presents a project based on estimated -,figures: and projections that are subject to change as project costs are finalized, and is required to comply~) with all Planning Department requirements and Planning Board recommendations; and, • `' WHEREAS, Section 18-2108 of the Nebraska Revised Statutes requires the City. of Omaha to adopt a redevelopment plan before taking an active part in a redevelopment project; including the division of ad valorem taxes for a period not to exceed fifteen years under Sections 18-2147 through 18-2150, Revised Statutes of Nebraska;and, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA: THAT, the attached Roseland Theatre Apartments Tax Increment Financing (TIF) Redevelopment Project Plan for a project located at 4932 South 24th Street which contemplates the complete rehabilitation of 17 apartment units and the underground parking structure of the Roseland Theatre Apartments building and includes the City's participation through the allocation of Tax Increment Financing in an amount up to $87,434.00 to offset the costs of acquisition, site work, demolition, architectural and engineering fees, rehabilitation costs, and public improvements for which at least $15,000.00 of the TIF will be used; and contains a provision for the division of ad valorem taxes under Section 18-2147 through 18-2150, Revised Statutes of Nebraska, as prepared by the City Planning Department,be and hereby is approved. APPROVED AS TO-FORM: <--------\ ____..37:1.. >>/ 11/ r !�f'�- CITY ATTORNEY DATE Plnlsfl618-res 7/ ,. By... 4r1 cilmember Adopted DEC _1 3 2011 '7—D c ��J�0 a erk/ Approved Mayor hich at least $15,000.00 of the TIF will be used, and with a total estimated project cost is $1,875,107.00; and, By Councilmember Adopted City Clerk Approved Mayor Street, Omaha,Nebraska. Buster Brown City Clerk ALL REQUESTS FOR ENERAL NOTARY State of Nebraska SIGN LANGUAGE 0• MARCIA A.GUSTAFSON INTERPRETERS GN- E S)WILL REQUIRE A My Comm.Exp.June 30,2012 Notary Public MINIMUM OF 4$HOURS ADVANCE NOTICE. IF ALTERNATIVE FORMATS ARE NEEDED ALL REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS ADVANCE NOTICE. PLEASENOTIFY DY FORD THINNESPrinter's Fee$ 444-5553, IF ARRANGEMENTS Affidavit NEED TO BE MADE. Paid By O1NotaryPubli' 'F , g;: . .• jr,:'/:ts : r and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? R N d ' ' ) ' n N n n n n Is-n n r n n n n N E n n n n I-- N n n r n M C 7 sT V R V V V' st V' R d' V• V' R V V' V' V' V' V' V V' N i- > fA d W CA EA E9 E9 EA V.V.EA V.V.E9 CA E9 E9 CA FA EA EA V.CO V.E9 EA EA V.EA V.V.EA 69 000000000000000000000000000000 0000000 00000000000000000000000 000000000000000000000000000000 X 000000000000000000000000000000 W d > O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 d I-__IN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-3E d aO d ; .0 co d I- 0 )O U) N N (0 10 N )0 N U'N Cn N CO )O N CA N LC/ Cn N N N CA h CO I O)N 7 V d OC ) . . . U1 V) N 10 N VI 1 N DI CO v) N N V)N 10 N N N N N l' N N CO N 1 C_ C'p O LL sf - 7 sf V' .a:- V' v a sf - 7 V• sf V' sf 7 v sf - V' NI sr-st sr 1 N O t y m CO n n n n n n n n n n n n n n n n n n n n n n n n n n C ?+i% F X O sr sr sr V' sr sr V' sr V' v sr v v sr sr Tv V• sr sr v sr sr sr sr sf 1 (0 (FFO y d 2 CN� d i0 I (CO [ d R O'i.) F I E9 EA E9 E9 E9 E9 E9 EA EA E9 fA E9 E9 E9 E9 CO E9 EA E9 E9 V.E9 EA EA E9 E9 E9 V.EA E9 •C C H >w d 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 y N • V y 0 C d L C y 0 cb d H d d a d d ° aw Q„ yuE)•OyE O o m d m L 00 9 u J N 2 0 ; E A 'd0 w it d p E x C .p.) C (O )O CO 10 )0 CA D N N IO N DI N CO N N N U) CO )O N Cn N N N N N G U- A d O d L d C i i i i N V) CO N.N CO Li) NLO N N U) U) N U) N CO Cn N N UI Cn N U) N CO W LL A p a TA - V si si V' sr-sr sr-sr-sr V sf sr-a V' sf C C sr-sf V' V• V• V' V' P M• A d n n n n n n n n n n n n n n n n n n n n n n n n n 1*-- C C F -' vvvvvvvsfvvcvvsfvvvvsfvsfvvvvv 0 0 A > > U. I—> ea « 0 > ar o «) gc a. EA E9 E9 V9 f9 fA EA fA EA E9 f9 V9 V9 E9 fA.tAfA FA ffl V9 fA f9 V9 fA f9 ff9 fA fA f9 f9 p 9 O O N N VI N V N N )O (D h n)n CO N O) M O N r- �) N CD EA N V' N N C 7 N y E N 6 N M V' v) CO n 0O 0) 4- O ' N M V' 0 p`.0 d A d LLI L al WI ILd 1- I 1- . E:F d . cp 4: U a i W V L o d C I- d O Tz 7 d QZ d .2 (a COO d o )- N M s1 (0 O n O O) '- O ' N `- M `- si y Q d 0 CO U) t r 01 O)II.2 .. H I )- ` h 0 C` 1- N C E. 07 O) `4 o . W ()t= C aD o Q Z H.2 a A u d' En d' cn d' M d' pa d' E d' H V ,may F. p In H In 124 FC In 1:4 xxxx In 4 fs In. W UU In 2 4 In 2 4 In W In E O U • H El H H H H • H H H H H H H H H H H H W OH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl) O O O O O O O O O O O O O . O . cr V' .'C.' V' V V' M V d' r• a•d' O V' O V' O V' U',d• U cr V V V' V' V W " O ri N M d' U) 10 C� A' OO W M W O W ri < W N < W M W V'.W U) OO 10 d' S O 0 10 . ') W N N N N NUN UN NHNU) NU. oUCODU) Co ) mooHU V' U) HUNCOMaoM O . H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 1 ‘ y .0 c3' O O a u, cr UQ• CD �1.,.,s cn r4 � UQ CD ZfV `d oo A ' I X .s O O y , O "' , . g p 0 1-3 N OC lq i0 �. N C�`o O U4 O ; ii1 CD o CD CD P • RC C N7 C C� O� n ¢' N 'd � NI 0 . tf\l, _ 0 p' w O ,0 0 -' Q" 0 CAD Sv �' ¢ `� V 1 o OOC 's a �* v'-i ,p_, E• -" O CD '"'H Uq K �! 't� H k\ v' N p O. O n CD O 5 0 � O r�i P VV\ �]� O CD UOQ rOy J Q. Q.. �-r Q.. fa- . O X vD CD Off•. ,O•h '.s' ,n-r ,-i CD ra •NDTICE,TOPUBIIC• THE DAILY RECORD NOTICE OF PUBLIC HEARING ON THE OF O1tR A i7 A ROSELAND THEATRE APARTMENTS l�'l.L-�17.t'1 TAX INCREMENT,FINANCING REDEVELOPMENT PLAN LYNDA K. HENNINGSEN, Publisher Notice is hereby given that the Omaha City Council.has set Tuesday, December PROOF OF PUBLICATION 13,2011 at 2:00 p.m. as the date of Public Hearing on the Roseland,Theatre Apartments Tax Increment Financing Redevelopment UNITED STATES OF AMERICA, Project Plan. The Roseland Theatre Apartments Tax The State of Nebraska, S3 Increment Financing Redevelopment Project District of Nebraska, Plan contemplates the complete rehabilitation of 17 apartment units and the County of Douglas, underground parking structure of the Roseland Theatre Apartments building City of Omaha, located at 4932 South 24 Street. Tax Increment Financing"in an amount up to J.BOYD $87,434.00 will be Used'to offset the cost of site «work, acquisition, demolition, architectural and engineering fees, being duly sworn,deposes and says that she is rehabilitation costs and public improvements for.',which 515,000.00 of TIF LEGAL EDITOR will{b`e`us`ed. The total project cost is estimted to tie 51,875,107.00. , of THE DAILY RECORD, of Omaha, a legal newspaper, printed and A copy of:said plan is available for public inspection in the City Clerk's Office. published daily in the English language, having a bona fide paid Public Hearing will be held before the circulation in Douglas Countyin copies, printed in City Council of the City of Omaha, in the g excess of300 Legislative'Chambers, Omaha/Douglas Civic Omaha,in said County of Douglas,for more than fifty-two weeks last Center,1819 Famam Street,Omaha,Nebraska. past; that theprinted notice hereto attached was published in THE BUSTER BROWN, City Clerk DAILY RECORD,of Omaha,on All REQUESTS FOR SIGN LANGUAGE INTERPRETERS (SIGNERS) WILL REQUIRE , November 24,'.2011 A MINIMUM OF 48 HOURS ADVANCE NOTICE. IF ALTERNATIVE FORMATS ARE NEEDED December 1, 2011 All REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS ADVANCE NOTICE. PLEASE NOTIFY CINDY FORD THINNES- ��" 444-5553, IF ARRANGEMENTS NEED TO BE That�saitilblg er during that time was re:An : ly published and MADE. h 11-z4&12-1-11 lll:ge�Serai�41„A• o the County of Douglas, : r Stsf Nebraska. N O N ••'* Subscribed in my pres�•-Sw/ r1 'ore 0 cO NO 16. Al ,PdiblSsher'CreW-- $ : me this 1st Decent. O1NotaryPubli' 'F , g;: . .• jr,:'/:ts : r and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. 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H El 0 0 0 o 0 O '0 0 0 0 0 0 0 O. 0 0 0 0 0 a H 0 0 0 0 0 0 0 0 ' 0 0 ' O O O O .O O O O 0 Place Ad Here NOTICE TO PUBLIC Proof of publication NOTICE OF PUBLIC 1 HEARING ON THE ROSELAND THEATRE APARTMENTS TAX INCREMENT FINANCING AFFIDAVIT REDEVELOPMENT PLAN Notice is hereby given that the Omaha City Council has set Tues- day,December 13,2011 at 2:00 p.m.as the date State of Nebraska, County of Douglas, ss: of Public Hearing on the Roseland Theatre Apartments Tax Incre- mnt P ncingRe ect Kerrie-Sue Stahl,being duly sworn, deposes and says that he/she is an employee Plan. The Roseland Theatre of The Omaha World-Herald, a legal daily newspaper printed and published in Apartments Tax Incre- Rede- ment Project Plan the county of Douglas and State of Nebraska, and of general circulation in the contemplates the corn- plete rehabilitation of 17 apartment units and Counties of Douglas, and Sarpy and State of Nebraska, and that the attached the underground park- ing structure of the notice waspublished in the said newspaper on the 24 of November& Roseland Theatre printed Apartments building lo- cated at 4932 South 1st of December, 2011, and that said newspaper is a legal newspaper under the 24th Street. Tax Incre- ment Financing in an amoun 00 wit use to statutes of the State of Nebraska. The above facts are within my personal 87,to offset the cost of site work, acquisition, knowledge. The Omaha World-Herald has an average circulation of 153,944 demolition, architec- tural and engineering fees, rehabilitation Daily and 188,810 Sunday,in 2011. costs and public im- provements for which $15,000.00 of TIF will be used. The total project cost is estimated to be $1,875,107.00. A coy of said plan is _ Q_ / available for public in- (Signed)c% ..,, i t Title: Account Executive spection in the City Clerk's Office., Public Hearing will be (+� held before the City a/ Council of the City of Omaha, in the Legisla- bscribed in my presence and sworn to before me this day of tive Chambers,Omaha /Douglas Civic Center, ,2011. 1819 Farnam Street, Omaha,Nebraska. Buster Brown City Clerk ALL REQUESTS FOR ENERAL NOTARY State of Nebraska SIGN LANGUAGE 0• MARCIA A.GUSTAFSON INTERPRETERS GN- E S)WILL REQUIRE A My Comm.Exp.June 30,2012 Notary Public MINIMUM OF 4$HOURS ADVANCE NOTICE. IF ALTERNATIVE FORMATS ARE NEEDED ALL REQUESTS WILL REQUIRE A MINIMUM OF 72 HOURS ADVANCE NOTICE. PLEASENOTIFY DY FORD THINNESPrinter's Fee$ 444-5553, IF ARRANGEMENTS Affidavit NEED TO BE MADE. Paid By O1NotaryPubli' 'F , g;: . .• jr,:'/:ts : r and does not need to file Form 8832. To obtain tax forms and publications, including those referenced in this notice, visit our Web site at www.irs.gov. If you do not have access to the Internet, call 1-800-829-3676 (TTY/TDD 1-800-829-4059) or visit your local IRS office. Park School Apartments,together with good property management,open opportunities for mixed-use redevelopment of adjacent properties along Park Avenue. ' - f n n n N-n n n n n N c c g V' V' sr V' sl. Sr .7 O V' V' V' V' V' V' V. V' Sr V' V' sf V' 7 V' V' V' N N U i ) ) ) N J d CO j d (1) EA N N w OIL Ti. .. m d C1 o F- o CO0 s- to EA V.EA EA EA V.C9 VI EA E9 E9 E9 V.C9 CA EA E9 C9 f9 E9 E9 EA E9 CA E9 CA EA E9 EA O 0 J CO N N Cn M N N U) V) N 10 N )O M) N N N N CO CD N V) CD N )1) CA O co V V' V' sf V V' C 47 Q sr sr st Sr 7 47 V' ser V' ? 7 47 R V' V• ? 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