The URL can be used to link to this page

RES 2009-0212 - Forest Hills Properties LLC TIF redevelopment project plan r • S oMAHA,ArkECEIVED -,,, Planning Department u *-,--; , Omaha/Douglas Civic Center * . %4 1819 Farnam Street,Suite 1100 z��►ea r t1 19 FEB 25 �M 9: 22 ni " Omaha,Nebraska 68183 ro (402)444-5150 oq �(�� pp�j: jCLERK � p Telefax(402)444-6140 �....., RV� V E I�k > �I ry 4'a ai Steven N.Jensen,AICP,LA City of Omaha Director Mike Fahey,Mayor March 3, 2009 Honorable President and Members of the City Council, The attached Resolution recommends the approval of the Forest Hill Properties, LLC Tax Increment Financing Redevelopment Project Plan for the redevelopment of Dunsany Flats at 10th and Pierce, located at 1113 South 10th Street, Omaha,Nebraska. The Forest Hill Properties,LLC Redevelopment Plan approved by the Planning Board on January 7, 2009 proposed that the City participate in the development to convert The Dunsany, a historic apat tinent building,into 18 residential condominiums and 1 retail condominium. The development will be called Dunsany Flats. In total, the project will result in 22,660 square feet of sellable residential space and 891 square feet of sellable retail space. It also will result in a 23 stall heated parking garage and an 891 square foot fitness room. The Tax Increment Financing will be used for site acquisition, demolition, preparation, public improvements, rehabilitation, conversion and other TIF eligible expenses including compliance with ACI design guidelines. Total project hard cost of$4,498,116.00.with estimated sales of$4,576,000.00 will support the TIF of approximately$560,000.00 based on the increased taxes generated. Your favorable consideration of this Resolution will be appreciated. Respectfully submitted, Referred to City Council for Consideration: 1 2.2c.0' C)12.0?,/ a.„..,01(„i,t,005:?" 2.-z4—Q Steven N. Jensen,AICP LA Date MaOffic Date Planning Directo .-* Approved: t.c.-......trk 0,...cpt,,N.... .4-kt . Carol A. Ebdon p_fate Ro ert G. Stubbe,PE Date Finance Director P lic Works Director Notice of Publication: March X&MarchA',2009 Public Hearing: March if,2009 Plnlsf1232-cover letter A sed PHO. • Grew health system revenues through management of a rural hospital and opening of two physician joint venture surgical hospitals. • Struck affiliation between M.D. Anderson and Schumpert's Cancer Treatment Center increasing new cancer referrals by twenty percent. and lower cost access points into the healthcare system, and advocating for incentives for consumers to become more engaged in their health and healthcare. Hosted a "Power to the Patient" forum for other healthcare organizations across the country to help accelerate consumer behaviors in healthcare, allowing others to learn from Alegent Health's 9experiences. • • Demonstrating national leadership in the healthcare industry as an appointed representative to the National Governor's Association 00 per hour x 52 weeks annually= $12,600.) 1t t, The Boiler Room Laundry and Pub,Salt Lake City,Utah 1 1. Vintage 380 Full service Salon Salt Lake City,Utah �':10 ' ''=`�y� ,y.> One Utah Center,Salt lake Utah(project Designer) > � , ..,. ��, * Jack Johnson Office Lodge Modifications mim I ;1n r r' -.G., 0 'o m n 37.1 • O 77 c m ci, irkZ x Cn a • 3 wino (n o m CD 0\ O _0 c • Noa°m 3I— • oF ▪ N V) p °z a o m • .T 10th STREET o �CD Z ti . N p d --IC) 0 z 0 cD 6 O M m n , I z Ai A �- . W O �° 147.00' R__146.84_' M (j --+-- Q o i ------146.84' rH0 Q rye Q 1 IA W 1 20.0' r p- rl 0 -_ I 1 I ALLEY -1 0 Z • 1 P - N �,,I I l Z tUXJ-, > .0 I N > r m A m O I ' 0 W I O I m r N p I I n ....IJI;D 1 0 n1 O I j (J91 W W O � 0 < J IJ x r n W 1 1 W- I r - < O I y 1 I Oy -t I 1 m I I I - _ -1- In > 0 . • _ -'10- (/) a 2(0C-0 > Sx2 n m = o �i n n�z0 oD 00�2 C prm m ma,cri-1A m w�0 CO m z "� T. rN*im�Z n m Z0 0 < m2z 0 �o Z o�n Z ')�o Z oA m m mm �00 OC--I0M — ✓1 m,1p-1 '0 m OQc V/D Z7 :D nO< n0D Z_x 00 Z I C)m0 O m < • yOr/n j p 0 pD 1 0Tn O mA0 m t- om� Dxm m=m 0m(n �' �m .'O m z o m m �mO r�� CO wm'v A cmyp m � O ZITI Aos c)oyN Tl om D o p o u) m o�m.Z�) 0 0O� n mZ-1 0- < nc fil CD C) �� C z �� <-n m➢2 .Zm7 tom A Nag -i -xPi A Z 0 u O c�i1o� _1 oocr oZz-O m-➢i xj In Vi ,, -i 0AND - ?1 c)o o - in m m---I m m x C) -I ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K Exhibit "A" • Forest Hills Properties , LLC TAX INCREMENT FINANCING PL AN P AN The Dunsany 1113 South 10 Street Dunsany Flats MARCH, 2007 01,1AHA,NF 1 I 64. r��`1i Ar 9T D� PLANNING• OMAHA 6p FEBR� Mike Fahey, Mayor City of Omaha Steven N.Jensen, AICP, Director Planning Department Omaha/Douglas Civic Center 1819 Farnam Street Omaha, Nebraska 68183 `- _ �. m expires on March 12, 2009. Your favorable consideration is requested. Sincerely, )11:444. tik;-1"Asid Mike Fahey, Mayor City of Omaha P:\LAW-CITY COUNCIL DOCUMENTS\2009\10134dae.doc E 1. ' IN of Omaha p:LAW-COUNCIL DOCUMENTS\2009\20070v1j Forest Hill Properties LLC Tax increment financing Redevelopment Project Plan The Dunsany DUNSANY FLTS 10th and Pierce PROJECT DESCRIPTION The developer proposes to convert The Dunsany, a historic apartment building, into 18 residential condominiums and 1 retail condominium. In total, the project will result in 22,600 square feet of sellable residential space and 891 square feet of sellable retail space. The project site is located at the intersection of 10th and Pierce Streets, at the gateway to Little Italy and just a five minute walk to the Old Market. Little Italy is among the most popular districts of Omaha for urban development at the proposed price point for this project. It offers a true neighborhood feel, a pedestrian-oriented street system, and a unique history and culture. The Dunsany, which sits at the top of a hill, also offers excellent views of Downtown and the•Riverfront. The developer plans to add a sunken courtyard to the south side of the building. Located next to the intersection of 10th Street and Pierce Street, the courtyard will be a nestled shelter from the activity of the street, surrounded by a stone wall covered in creeping vines and canopied with in Dogwood. A street level screen of Buckthorn will provide just enough privacy from the sidewalk above. Beds of Peonies and Ivy cascading above and around a Lily pond will evoke feelings of a peaceful retreat, further enhanced by an arbor. The courtyard will be an extension of the garden-level retail unit that faces it. During the selling phase of the project, the developer plans to use the retail condominium and courtyard as a sales center and offices. It later will be sold to a concept such as coffee shop, gelato shop, cafe or deli. Unit Mix Each unit will be intelligently designed to utilize space with open floor plans that provide diagonal interior views, abundant natural lighting, varied ceiling heights (for aesthetic effect) and spaces sheltered around activity. Each unit will have the standard features demanded by the market, including hardwood floors in the living room, granite countertops, secured entrance and ceramic tile surrounds,but will also offer refurbished "Old World" woodwork and door hardware, ornamental iron balconies and window boxes, a vessel sink and wall-mounted faucet in the powder room, and retractable window screens. 1 O ZITI Aos c)oyN Tl om D o p o u) m o�m.Z�) 0 0O� n mZ-1 0- < nc fil CD C) �� C z �� <-n m➢2 .Zm7 tom A Nag -i -xPi A Z 0 u O c�i1o� _1 oocr oZz-O m-➢i xj In Vi ,, -i 0AND - ?1 c)o o - in m m---I m m x C) -I ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K • The proposed unit mix and price points (at $192.67 per square foot) are as follows: > 4 one bedroom units of 1,053 square feet at $199,000 > 4 one bedroom units of 1,053 square feet at $205,000 > 2 two bedroom units of 1,571 square feet at $295,000 > 2 two bedroom units of 1,522 square feet at $290,000 > 2 two bedroom units of 1,747 square feet at $345,000 > 2 two bedroom units of 1,139 square feet at$220,000 > 2 two bedroom units of 1,139 square feet at $225,000 > 1 retail condominium unit of$891 square feet interior > and 1,254 of courtyard at $210,000 Target Market The Omaha market is underserved with urban-style housing under$250,000 and in particular under$200,000. Most developers have focused upon the empty nester segment, which now is significantly over-built. By contrast our units will be sized and priced to appeal to first-time home buyers. Within the proposed target price points, there currently are about 58 units on the market, less than half of which are located Downtown, where demand is highest. Our competition will be limited primarily to The Towns of Little Italy, a row house development with units generally starting at $200,000, and to a lesser extent Farnam 1600. Despite being direct competitors, we believe The Towns helps our project by further enlivening Little Italy. Evidence That The Project Meets Evaluation Criteria MANDATORY CRITERIA The project is located in the blighted area. 1. The project furthers the objectives of the City's Comprehensive Plan by creating a diverse mix of housing types at all income levels. Omaha's master plan includes residential infill development in targeted area for diverse income levels. 2. The use of TIF will not result in a loss of pre-existing tax revenues to the City and other taxing jurisdictions. The real estate taxes generated related to the development of this site will be a direct increase to the City. 3. This project would not be economically feasible without the use of Tax 2 e countertops, secured entrance and ceramic tile surrounds,but will also offer refurbished "Old World" woodwork and door hardware, ornamental iron balconies and window boxes, a vessel sink and wall-mounted faucet in the powder room, and retractable window screens. 1 O ZITI Aos c)oyN Tl om D o p o u) m o�m.Z�) 0 0O� n mZ-1 0- < nc fil CD C) �� C z �� <-n m➢2 .Zm7 tom A Nag -i -xPi A Z 0 u O c�i1o� _1 oocr oZz-O m-➢i xj In Vi ,, -i 0AND - ?1 c)o o - in m m---I m m x C) -I ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K • Increment Financing .TIF helps to reduce the risk related to the development of this project south of the Old Market in Omaha. 4. This site is currently vacant and will remain in that status until it is developed. The project will turn vacant property into a useful part of Omaha's community. It will help to make the area a more stable community by bringing more permanent residents to the broader area. DISCRETIONARY CRITERIA 1. The project is located in a blighted area south of Downtown and the Old Market. 2. The site displays conditions of blight and is currently vacant. The property has been of limited value to the City with marginal tax base. The redevelopment project increases the value of the site by adding new residential living. 3. The project involves the start-up of an entirely new business. 4. The redevelopment site has historically had a declining tax base. COST BENEFIT ANALYSIS 1. The use of Tax Increment Financing will not result in tax shifts. A level of taxes will flow to the taxing entities based on the sale of the property. Only the increased value of revenues resulting from the improvements completed at the site will be applied to the cost of the improvements. The County Assessor will determine the current site valuation based on current sales information and set a value for tax purposes. The tax stream established as a product of the sale will continue to be collected and distributed. 2. There are no concerns with the need for or the availability of public infrastructure. There are no community public service needs, impacts or local tax impacts arising from this project. This new home ownership opportunity is a market driven development and market forces will generate the revenue stream to facilitate the development. There is no diversion of existing taxes or increased demand for public services as a result of this project. The service industry employment sector associated with the significant growth in the "Riverfront Area" and downtown will generate increased demand for service sector employees. Increased public transportation to accommodate that expansion has been put in place by Metro Area Transit to provide and 3 reens. 1 O ZITI Aos c)oyN Tl om D o p o u) m o�m.Z�) 0 0O� n mZ-1 0- < nc fil CD C) �� C z �� <-n m➢2 .Zm7 tom A Nag -i -xPi A Z 0 u O c�i1o� _1 oocr oZz-O m-➢i xj In Vi ,, -i 0AND - ?1 c)o o - in m m---I m m x C) -I ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K improve regularly schedule public transportation service connecting Downtown Omaha. The capacity of the infrastructure after development is more than adequate to serve any increased demands. The increased value of the project site after completion of the project and the creation of the new housing type south of the downtown area adjacent to the other significant developments justifies the use of Tax Increment Financing to cover the cost of required public . improvements. 3. This development project will not significantly impact other industries in the area except to increase demand for construction and any manufacturing supplies that are locally procured. There will possibly be a decrease in the availability of and an increase in the demand for workers in the service and maintenance employment sector as a result of the construction of the housing that will increase the demand for commercial space and related facilities. Also, there will be increasing demand for a higher level of personalized services to cater to this new housing opportunity. This project will have a very positive impact on employment and housing in the area and continue to expand the need for additional supportive commercial and general retail services to meet the needs of the growing residential population. • 4. The development of this type of housing at this site will continue the excitement and emphasize the significance of this development occurring in the area immediately south of Downtown Omaha. It will promote the development of new housing ownership opportunities in an area of the City that had not experienced this growth. There have been other projects that were implemented in the general area; however, this site remained as a negative asset in its undeveloped condition. The completed project will provide a new location for residential home ownership opportunities that will add increased real estate value to the site, increasing the tax base of the local taxing entities, will add new employment opportunities and foster the continued development in this area. 5. The site and abutting public rights-of-way are in a designated blighted and substandard area and a current redevelopment project plan redevelopment area. 6. The project will further objectives of the City's Master Plan and will be catalyst for other developments. 7. This project will develop property that is presently vacant. As a result, it will eliminate the possibility of illegal dumping and environmental contamination that may result. 4 ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K 8. During the TIF amortization period, the underlying real property will continue to be taxed, based upon assessed value at the time the TIF financing is approved. INFRASTRUCTURE Public Improvements Private streets will be improved in compliance with City of Omaha standards. The City of Omaha Public Works Department may require improvements to curbs, gutters and sidewalks abutting the public rights- of-way. The current street system provides great access to the site. Sanitary and storm sewers are located in the abutting right-of-way and will be built, improved or extended to serve the project site as may be required. As needed, all cost of these improvements will be funded through the TIF process. Zoning/Parking The site is zoned (NBD) Neighborhood Business District to facilitate the development of the project. The site will be re-platted to accommodate the new development. The NBD zoning does not mandate provisions for parking; however, the concept of the development requires that adequate parking must be provided to accommodate the homeowners, complement the development and enhance the success potential of the project. Utilities Utilities are available at the site in the existing right-of-way. New utility services will be extended, developed and installed as required contingent on the final platting and design of the site. The costs of these improvements are the responsibility of the developer and are funded through the TIF mechanism. • housing ownership opportunities in an area of the City that had not experienced this growth. There have been other projects that were implemented in the general area; however, this site remained as a negative asset in its undeveloped condition. The completed project will provide a new location for residential home ownership opportunities that will add increased real estate value to the site, increasing the tax base of the local taxing entities, will add new employment opportunities and foster the continued development in this area. 5. The site and abutting public rights-of-way are in a designated blighted and substandard area and a current redevelopment project plan redevelopment area. 6. The project will further objectives of the City's Master Plan and will be catalyst for other developments. 7. This project will develop property that is presently vacant. As a result, it will eliminate the possibility of illegal dumping and environmental contamination that may result. 4 ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K • INTER-OFFICE COMMUNICATION November 12, 2008 TO: Planning Board ! 'r Via the Planning Staff FROM: t 1 1r/Michael Paukert, P.E., Private Plans Engineer Todd Pfitzer, P.E., Traffic Engineer SUBJECT: November 2008 Planning Board Meeting CASE NO: C10-08-247: Rezoning from III to NBD; Northeast of 10th and Pierce Streets. 1. Provide drawings showing all 4 corners of the intersection at l Otl' &Pierce. 2. The node adjacent to the alley can be eliminated. • • U\p:\gale\planning board\planning board 2008\pb dec 08\cl 0-08-247.doc _ �. m expires on March 12, 2009. Your favorable consideration is requested. Sincerely, )11:444. tik;-1"Asid Mike Fahey, Mayor City of Omaha P:\LAW-CITY COUNCIL DOCUMENTS\2009\10134dae.doc E 1. ' IN of Omaha p:LAW-COUNCIL DOCUMENTS\2009\20070v1j OMAHA CITY PLANNING DEPARTMENT RECOMMENDATION REPORT November 19,2008 Case Number: #C10-08-247 Applicant: Forest Hill Properties,LLC. • Request: Rezoning from HI-Heavy Industrial District to NBD-Neighborhood Business District. Location: Northeast of 10th and Pierce Streets. I. GENERAL INFORMATION: Purpose:To better match the zoning to the existing land use and to allow redevelopment of a multi- family residential property. Existing Land Use: Multi-Family Residential/Commercial/ Vacant Single Family Residential Existing Zoning: HI Adjacent Land Use and Zoning: North Multi-Family Residential HI South Vacant/Two-Family Residential GC/R7 East Residential HI • West Warehouse/Industrial HI Zoning History: Case#C10-05-302,rezoning from GC to R4,1216 South 10th Street,approved by City Council 2006. Case#C10-01-117,rezoning from GI to NBD,1235 South 13th Street,approved by City Council on July 31, 2001. Case#C10-99-248,rezoning from GI to NBD,1233 South 13th Street,approved by City Council on January 4,2000. Future Land Use Plan Designation: Medium/High Density Residential. Applicable Regulations: If rezoned the property would be subject to compliance with the NBD District site development regulations as well as all other applicable regulations. No Building Permit will be issued based on a site plan that does not comply with the provisions of the Zoning Ordinance. Approval of a rezoning by the Planning Board and City Council does not include or imply an acceptance of the site plan forpermit purposes. II. SPECIAL INFORMATION Site Characteristics: The site consists of three(3)lots and part of a fourth containing approximately 19,344 square feet of land area. There is an existing multi-family residential building, a vacant commercial building and a vacant single family residence on the site. Development Proposal: The applicant has plans for renovation and future development of the site. Based on the application and plans included,the applicant proposes to develop an eighteen(18)unit multi-family residential structure with an adjacent parking garage,fitness room and commercial bay. Based on the inspection of the site and the submitted site plan,the existing residential structure would ECE area. 6. The project will further objectives of the City's Master Plan and will be catalyst for other developments. 7. This project will develop property that is presently vacant. As a result, it will eliminate the possibility of illegal dumping and environmental contamination that may result. 4 ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K f Recommendation Report C10-08-247 Page 2 only need renovation work,whereas the remaining entities (i.e. parking lot)would require more intensive changes. Public Improvements: The following comments from the Public Works Department need to be addressed prior to issuance of any necessary building permits for the proposed renovation/future development of the site. Traffic and Circulation- Provide drawings showing all four(4)corners of the intersection at 10th and Pierce Streets. The node adjacent to the alley can be eliminated. Land Use and Planning: The proposed rezoning from HI to NBD is generally consistent with the Land Use Element of the City's Master Plan. The area around 10th and Pierce Streets consists of several different Future Land Use classifications. The proposed site is classified as Medium/High Density Residential. Low-Density Residential exists to the east of the site,Office/Commercial to the north and south and Industrial to the west. Based on the current and proposed use of the site, a rezoning from HI to NBD would not have a negative impact in regards to the Future Land Use map. III. ANALYSIS The proposed zoning change to NBD would allow for enhancement of a site that is in relative proximity to the Old Market District. The current HI zoning does not suitably fit the site and it would be much better served with NBD zoning. The Planning Department is proposing a change to the NBD and CBD site development regulations in regards to residential uses. The code now states that'residential uses allowed in the NBD or CBD districts are subject to the site development regulations of the R8 high-density multiple-family l p � g tY residential district.' However,the R8 District requires fairly restrictive setbacks and other regulations in comparison to the other uses allowed within NBD and CBD Districts. For example, all non- residential uses in NBD(or CBD)could have zero setback lines along all yards,whereas a residential use would require a 35-foot setback on a front yard and 25-foot setback on a rear yard. The proposed rezoning would be greatly affected by such a change to the NBD regulations. With the current NBD regulations,the proposed development for this site would most likely need several waivers of setbacks,building and impervious coverages. As stated previously,the approval of a rezoning by the Planning Board and City Council does not include or imply an acceptance of the site plan for permit purposes and would require a change in the code or approval of waivers. IV. RECOMMENDATION: Approval of the rezoning from HI to NBD. V. ATTACHMENTS: • Site plan ECE 4 ti O�Sz� U=� �. Uj �vm 0 n� O D➢ > mu) mv-�YR`�vJ n ``'' z i..,l_= Oo� -1 co�Z ---1-I Z0W mom q O 1 -o0_1 mmm ml m 0➢ o O� q -•� C. mw-.1 o m(n -1 (n< Wit' V) m is 73- Z -om Ac Scz 0 0z r m zo r� l" �;'!`` ` I vmij0 › mm-zi �y 03-I zXo �� oo.y %YI.a.. �u A m e o-H ape r�7m --I�z zC.2 L:-1. -(b- ZOIO 6 E. Z20 m mrZ* DX m t. CO`6O DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K I i:. i • gi : 1�z 4 ��';Ee.i: i ° ; I ! �`'JI of �i_ 1�° stvid �Nb SNfla g°s 4�IfHe1' I ; ; a ;fir-ste: i I , �ss g'g Q. \• f 'sc.s_wcrr_�;.�.SVO7 a 4 !l y°lipl�tf�e A.s1 �e • • w to 0 O • J N f ; I i iM1: Vf• N ..._._._- -.. X t-•. t_ Avm-d0-1NOtel 301M •0.OL • __i _ _. 'I o w II w • w�i tr:u i 1 o I 30v21VO •t� a•• ' !• ; N V i j I I l• N1 ,OZ'Lbl a .00•L4t m m! ;. - • -e i—.__-.-.;. 1 t O a• o h� -�Nlitld 1ltlHdSV __— .I : x. i '< 4, 3 .e+k°\'1r PK ie k&9 1 rt t,4} .4 ''+ o (d! , I 30IM .OYb z r ?- I td),11 1a3 :laulYdy.gt•'tm`v - F c z .Er n fY: I i I a • n X v .r b� �o 4�ey.,t t• `Y > ,�''.,. *u to u i m ,i3� x „ "� i't3a b,st ]^ ag 1 w <�tI -- I liA''4 r•,; Y. K 7 r�14 yS: o f t w Q '7 a �64SeFs''t \"E il'� iN v'`�e ti tY �,z tttir ik-.: . , `3�.. 1 �4 i en u q :I'.,. •- \\\ •• ‘•\ -:\\ ."\\ -.\\ \;.'s s' •. ''' li '3 Ilr 0. , „.., •_ , a I I w0 < �-U_ moo, ssi� S cO4\' w u�i`' ^s531,,30 sue, ti �iS�rJ3,,,14 t4 I__ a ` I l ;,,,,,,,•„,,,,,,,,' _ ,d\'c,,, `a * 7r_,N.ra,,r j.. a 4F ea _mnxai: `� c ' \\ \ V- A,„,, \\ \ §: \ \\ \ ,\ ' ,iioL_Ia ISI I iI• lt • ..,,a,:; 3 i �jl IP P ✓' I .49'9b1 2J .00'Lbll ' i I CO,' 4<s i•g, I 41 to \i BI if Sam r al iy3$ 2 I j..a t .O Bi$i$ ` 3` fP ! � i 3i ii Sk 0i b f m 't I a (AVM-.O-1NO18 3lllfld 031v31030 ) I o11 •¢I '• w, 133a1S 4! O t 41 =i•Q.yT m +7� • 3i i ¢:5 w . K ii .1 o� w w w V o �I I 3I VZV = a .1 i '°I ' oI �d a 7d 2o JYI€ oIoGG .n J 9 'm ;o�� )t',Io' oow wo w V0 ~ ! ill'.; d • coio3 = ku J� K I �• ! K 3dd o-iS c6` w a 11 ' 3:I 0 > �\•• ar aQ I OZ ix maiaea ""®o \ :4 in r:Ai . w s ,a A �j 18y ~ 0 { a. ~ 2 ! ;F 4 U y3f yiS 1c /•6" V 2i0 W'pw 026 . —1N4 ��--,,'11 t-.:.,: : --I, I Z i1 III 1 ':ii Z I O m�C -- J p2 It e '...J I w i! : k 'i 3 — ? 1 r! W 2WamP,°'z o� 4 a. ,--,--- - 1. 1 a �zmZun? Q _- • �\�\ // OV 3wCV V J / co _. - -.�.t •.•.'w m...o• .n rou .•n ...,..„, ..00.ca...0 as on•.se.n<w-< DD< '� OZ 'i mU)OOD oO(o o� ca • n o •�m0 Zm �A� mm, Nmm �I --11IF O2z) Dn m(�m (n N3N .Tm) ?TC) ��\ D(n c" 0➢ 0- 0 CO•..'- I- 2m-1 m1 mZ 'Vl./ N.D m� Or mDm Z71 XA r Ong 11 Mr r Dy >30 pp� Zmr �--{{ Z m O (nN oK III xm �1�10 X 00U1 2< - 2_ mm MX 0 Z U czi rS_3�,m-o o ..0 77_._ -D -2 2 0 N�.Z7➢ i �c • 3 m m3 m xx m m J O O m 0 Zm y l 2•3 m V)2 m <0 mmOOm �� \ ��m 2N N =m Z /� ii�= D0 2- 3O v pmp =0 C _% rr-Z cn �vl(n com> sraS......�_ m➢xi A mm m • 3N r 'Dr ➢m ' hi2+^ N'y� 0➢ o 0 m-'1 :0 0 Z 0 0 - ,i 0 T. [n c;'.(A\ Z0 %Z1 1F.-`'o m O N -O n D O \b:L" I in'0\ O wOm 73Z -I D W \9."` m x xi .Z E2 0ON u) ro 0 m0 in 70 z 9yoR • �I co �\ "Q- 7 Ni =Dx mZ D0 0 0 0W ��"// FP,o a THOMPSON,DREESSEN&DORNER,INC. CITY OF OMAHA, NEBRASKA a n _ IC- �► �� Consulting Engineers&Land Surveyors ADMINISTRATIVE SUBDIVISION cD N d T A z o 10636 OLD MILL ROAD OMAHA,NEBRASKA 68154 p p a z o m P:402.330.8860 F:402.330.5066 WVWV.TD2CO.COM DUNSAM' FLATS TD2 NO. 1438-132-1 z rc K . 1 • .. • • • " !. ' ----'• j cagl ZN•V-Vre.: Ei;;;!>;•i!I.% 1 i ' i ; i ! I 51Ril ii ! 11;_44,q . ! i'CI 41; Vs ited:M'+i ' 1 il'.0.F. PO I . SIV1dANVSNI1C3 P I;ItiTiii!;1.li ill ! •.. !'ig .<i.,i,',i , , • 4 -.44 145 1. `;'." I:ThrttVd I! i ; ; ; p,. , ri 141,N;ItrigMIE r, 6 ! , '2.0d GIN3Kr.:0•L'NG 1.),..1SY,7; .. — - It ii i i ' Di it ig it 140i •,_. .._,,...:„., ,,,..,,, ,... _-T__. --_.-,t . , , , 1 ,, , • bi !i -,,, 01 i ,, ,,-: ,__, - 'i ,,, 4, ,_i! :, ,•-•I -, , I I 1 I .11 I '..; I! lil2-!; 1_ ... z; I; .1 : 11111'11 Ilk 1111111,11 . , ;, . lal_.:•,:., III li ;aEli, ., •i k.,-1 __, i 11 11 ' I 1, 0,11.11.17... :i ' - 11 ' till tit aq°Ee/1111 !i r.: . 1 i .. I) r: 1 1 1,:liiiirilidtGli I" i t '• •' •• • •••••-.- - - -/-) I' '•-1,.. . ; I! , 1 q •In .5 !Hit it diiE !Iiiitlii „Ir - i ir- ,1 i i ,...7.,• .. ,, ,, I, 6.).4.,?.,, i i.._,F_- ---T„ A i . III ';' ;1----,- I II I 1_ _i211-Zirll 1 I 1 i u].„. I 1 „ L ji whit [ii -ir i.11111] i:Iiiir. illiii li 4 I Id li il 1,...,n 13 "II It ••• j- •" ''. '" '' . ... I ''' lildi I . , '-- -a :I ' 1110 AIL Jul.101 --6.--. -- -"---:=-;:-;I&.r.'----.-----er,M-o----2— -7: '----- ''--- --''=..;;;- --' ; • z m 1 , •i ii ni i DI 11 111 D i li DI ' -^.--F.- 1 _ o; 11 • , 1 I. (2z . . IjEI , , ; I i • 1 1 Ciii3 ill Gil, I .., . I. _ 413:Fillott i NT-4w ,,-., e , w Eilll • 1 1 br, . • w 0 u, • , , I i •• i LE-, --.J) I i -\/, IT-1,T\T-,-- ;; •-.` •4 9 / ...--, ,, --... • __ i;w , 1,H;t.h, Ili, • :i,- Iii-iL--= k• -- 1-; i 111•1. :111:1:1) cl '111111 .,I J. , 2 .=;„.•-•in a :n i. i.... 1(IP - o 1!111 °- , ___a, - - ii' "'i •,Iiiiii!I liiiit 'illiii: ff.5 , LZ J1 r71 'Re ''''''''al • , tl---, 1 , il ..T. 1 .... il .." I; 11; .. Mr•';i- : /..4 ! III. P il i .1 it I ;,; . I II i1 :, tt II 1 ;! g K-..,•, i II - 41 Pril,„!I pt• ii V , li 11 V. 11 ibi\ w i ! IJ . e 1; ---1„,111, iiii l'l d . ,., ...., ri 1 , , . ..1,__,...i.,i .,_ ,_. 414 __-;T. : '•••--1-1- ...• i iiii• ! -ii. I i' i ." i-.i‘; i'i•i , i• , .:,;__;,, • , - il 1,00 ;;; i -, ,, • 4" , ;2 ; :;;"--- r ; ii !.,D N-,...,..,.. 6 ,i 1 ,. 1 : 4 il • 4 ; [ 2 l\` , I 4 I il f 1: viAi! ;4: ,n.'" 11 / k ?sh 1 ! • • Imf ; 11 1 li ii ii i ili 'f. ii !i ill :• i ,, i Fl ,,,,,.. 7 • ii !Iii // 'F1 11 EY .1 .." 1‘, 1---' . 1 4E II i i, ' s; 1 141 I li"-ti i , ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 • PRELIMINARY FINANCIAL DATA Sources of Funds Sales Revenue (less commissions) $4,347,200.00 Estimated TIE $560,000.00 Total Funds Available $4,907,200 Estimated Uses of Funds Cornice $47,215.00 Construction of Garage/Retail Bay/Corridor $616,000.00 Site Acquisition $714,000.00 Construction of Units $1,590,096.00 Construction of Common Areas $577,488.00 Contingency(15%) $289,215.00 Operating and Maintenance $54,474.00 Insurance $16,000.00 Marketing Costs $60,370.00 Architectural Fees $10,000.00 Legal and Engineering Fees $57,000.00 Developer Fees $300,000.00 Taxes $83,593.00 Interest 348,794.00 Total Expenses $4,764,245.00 Projected Project Revenue 22,660 SF of residential space (18 units) @ approximately $192.67/SF = $4,366,000.00,plus retail/residential space at$210,000.00= $4,576,000.00. 6 ., •i k.,-1 __, i 11 11 ' I 1, 0,11.11.17... :i ' - 11 ' till tit aq°Ee/1111 !i r.: . 1 i .. I) r: 1 1 1,:liiiirilidtGli I" i t '• •' •• • •••••-.- - - -/-) I' '•-1,.. . ; I! , 1 q •In .5 !Hit it diiE !Iiiitlii „Ir - i ir- ,1 i i ,...7.,• .. ,, ,, I, 6.).4.,?.,, i i.._,F_- ---T„ A i . III ';' ;1----,- I II I 1_ _i211-Zirll 1 I 1 i u].„. I 1 „ L ji whit [ii -ir i.11111] i:Iiiir. illiii li 4 I Id li il 1,...,n 13 "II It ••• j- •" ''. '" '' . ... I ''' lildi I . , '-- -a :I ' 1110 AIL Jul.101 --6.--. -- -"---:=-;:-;I&.r.'----.-----er,M-o----2— -7: '----- ''--- --''=..;;;- --' ; • z m 1 , •i ii ni i DI 11 111 D i li DI ' -^.--F.- 1 _ o; 11 • , 1 I. (2z . . IjEI , , ; I i • 1 1 Ciii3 ill Gil, I .., . I. _ 413:Fillott i NT-4w ,,-., e , w Eilll • 1 1 br, . • w 0 u, • , , I i •• i LE-, --.J) I i -\/, IT-1,T\T-,-- ;; •-.` •4 9 / ...--, ,, --... • __ i;w , 1,H;t.h, Ili, • :i,- Iii-iL--= k• -- 1-; i 111•1. :111:1:1) cl '111111 .,I J. , 2 .=;„.•-•in a :n i. i.... 1(IP - o 1!111 °- , ___a, - - ii' "'i •,Iiiiii!I liiiit 'illiii: ff.5 , LZ J1 r71 'Re ''''''''al • , tl---, 1 , il ..T. 1 .... il .." I; 11; .. Mr•';i- : /..4 ! III. P il i .1 it I ;,; . I II i1 :, tt II 1 ;! g K-..,•, i II - 41 Pril,„!I pt• ii V , li 11 V. 11 ibi\ w i ! IJ . e 1; ---1„,111, iiii l'l d . ,., ...., ri 1 , , . ..1,__,...i.,i .,_ ,_. 414 __-;T. : '•••--1-1- ...• i iiii• ! -ii. I i' i ." i-.i‘; i'i•i , i• , .:,;__;,, • , - il 1,00 ;;; i -, ,, • 4" , ;2 ; :;;"--- r ; ii !.,D N-,...,..,.. 6 ,i 1 ,. 1 : 4 il • 4 ; [ 2 l\` , I 4 I il f 1: viAi! ;4: ,n.'" 11 / k ?sh 1 ! • • Imf ; 11 1 li ii ii i ili 'f. ii !i ill :• i ,, i Fl ,,,,,.. 7 • ii !Iii // 'F1 11 EY .1 .." 1‘, 1---' . 1 4E II i i, ' s; 1 141 I li"-ti i , ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 O CO O C0 2 C0 R 0 P. 0 O O O O C2 CO O E. O O CA O 00 Tr O 10 O CO O O O CA O O CO 00 W NO O O O N R N R O co O O O O O O CD ,. u) R O O 1— 1— CA R O C)C) N C) N Cn M O O ao 1— O) R n co C0 O CO co O Eft a0 0) O O O M O Ul M V C0 E Eft 69 Nfft Eft Eft EA 69 Eft co to89 ff9 tt r O N 69 Eft to Eft Cft CA CA O O O O O O O O I- O O o C) O CoRCO M co CO O O O 0 0 CC) U) O CO O O CA co CO CO N CO 0 R R CD ' ' O O ' ' O 0 1, CA CD ' 0 O C0 t0 N ' ' N- N N- Cf) CZ; CC) O) co"CA ' a0 O CO R CO O M a0 (A a0 it CA N I- R co) CO ,- co N M N CA N C) co CO ... ,- en-Cft to to co Eft Eft Eft Eft 69 CA Cft Eft Eft 69 69 69 Eft Eft E98989E03 Eft Eft Eft Eft 0 0000 0 O O O R R CO CC) O O � O CCDD 0 ,— O M_ 1� Co"� 0O 0O 0000 O c, O O 1� RNCAOO RO R v.) 0) CV) CD 0- Cr R ' O ' 0000 ' O O CA T- R aoha0O0 CDCO I-NONI- 00 O Cf) 00 O Cf) ao C7 N C0 CA CA O R N Zi c) n O 1- 1- ao 01 C)) R CA N O LC) V 0.- a0 R N Tr '- Eft CD f.2 CA 03 I's 00 N 0 (N.. N M M N N TrN M LO 69 CC) (0 el N N Eft 69 Cft 69 Eft 69 Eft 69 Eft E9 CA Eft Eft Eft Eft Eft 69 Eft Eft Efl Eft Eft Eft Efl 69 Eft Eft 69 Eft 00 O O O O O O) O R NOO 00 0Oo R R CAR OO (C) � O O 0 0 O O O O O C) CC) N- R O C) C17 O M co N CA h N M ' 00 ' ' ' 0 ' O O O C0 OO ROMOO 0 T- C000C0 OOao CO . O' R O O O O C U CS Tr- O O M R N 44 O 00 O co. N M O N CA CA a) 0 CO N CO 10 CA O) A— A— O 0 R R CA CO 00 CO N O R N N N C0 A— T.... .. N CO O N Eft ea Eft EA 69 Eft Eft EA Eft 69 69 Eft Eft Eft EA Eft Eft Eft Eft Eft CA 69 Eft Eft Eft EA EA EA Eft Ef) O 0000 O O O 8 M O Cn CA CA O O C) O O O O O N n COa0 �CAM h CD O O 0000 CC) U) O 000 CX) 0 000O 10 CD CD C) R CA LOON CAO . " . 00000 N R U) CO O NT- M O C) a0 N U) CAR a) CO ' ' CA O O C0 O N' N O R 0o N 1: r O NO R N O g p f O CA O Cn r M O CA O) N O N R O CO Cr C0 Cr 69 fft Eft 69 O (.0N CA a0 N N N T- N N N '—'N CO e(OR R '— Fp CV N C:) CO CO < Efl ... N Eft Eft Eft CA 89 Cft Eft 89 69 E9 E!i Eft CA Eft Eft Eft Eft Eft to Eft Eft Eft 69 CA Cft Eft Eft CA Eft O 70 O to C.) co 2) CO am i'i = LLI C c . N a m m c Q c c coN m O N oc ` .2 i) U 1:32 t > o o w co 2 •'( (3) c U 1; ` U o U U {t ~ u_ o o a o 'c m c •_ t Z .5) m c Fir D EL LT_ o :N4- C� E .a v uJ U 3 cU c a) J c •a) c= > O v � � o aci o o E o Q Cl) golf o O oU c o _I rn m a• m C m a) L L F- ca c 7 „ c c o >, m 06 CA al u_ m l9 LL U J C U N 0` o UUF- I- ( .N Q U °� F- v .c o o rn 1° 0 a) CA J U [� 000ODUU a) rn ai 2 mX m cc`a a) m o a; _rzi m c >, a) c >. m > c CA c 'm �. ., c m E a.) -- 2w •c o v� U c c * a) ..... .- •- E E E '= " o co w - Y — m - m - o m E o ca E > m • C c C C C c c > O E c c C d c N 7 4 l > V a )C m C O- >, c O- >, m m a to m fx » D » D D a) > o o O o o Q o C1 m m a) m Ca 0 N O a) c0 O m CD a) a) c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 O Cq OOOOOOOO co O O O O O O O O O d 0 0 0 0 0 0 0 0 0 N 13 0-0-O`O (0 OOO (D C O) O O) O) V N U) N- O y N (n (n (D Ns *Cr W R to M •;1CD W r .+ CA Nt CO r- n a) a0 NN N N U) C) M N "viaC V) • NNN V`N-"d'NO C O O O O O O O O O O O O O O O O Ili a) 0 U) O u) O) 0 u) U) p)r Q) 6) V' O) N O N W N N N M N N N U 0 0. 3 696969(A69& (AEA a) C) fa CO 0 a) C) a) ` — la a` L° 0 , Z u � � C CD U, O a) CD Ns N enj` U Cl U) CC') rI lL Otf) (fl Ns 0r Or r r cr 10 N a) � O O _0 O c u U. o °0 O m 0 13 � ILiL v� c) M C C E to toE f- a,mV Q mGU03 C3 ()Llf) O (a C N E C E C C 'C C W = U (D 5 ) » m m Eft Eft Eft 0 0000 0 O O O R R CO CC) O O � O CCDD 0 ,— O M_ 1� Co"� 0O 0O 0000 O c, O O 1� RNCAOO RO R v.) 0) CV) CD 0- Cr R ' O ' 0000 ' O O CA T- R aoha0O0 CDCO I-NONI- 00 O Cf) 00 O Cf) ao C7 N C0 CA CA O R N Zi c) n O 1- 1- ao 01 C)) R CA N O LC) V 0.- a0 R N Tr '- Eft CD f.2 CA 03 I's 00 N 0 (N.. N M M N N TrN M LO 69 CC) (0 el N N Eft 69 Cft 69 Eft 69 Eft 69 Eft E9 CA Eft Eft Eft Eft Eft 69 Eft Eft Efl Eft Eft Eft Efl 69 Eft Eft 69 Eft 00 O O O O O O) O R NOO 00 0Oo R R CAR OO (C) � O O 0 0 O O O O O C) CC) N- R O C) C17 O M co N CA h N M ' 00 ' ' ' 0 ' O O O C0 OO ROMOO 0 T- C000C0 OOao CO . O' R O O O O C U CS Tr- O O M R N 44 O 00 O co. N M O N CA CA a) 0 CO N CO 10 CA O) A— A— O 0 R R CA CO 00 CO N O R N N N C0 A— T.... .. N CO O N Eft ea Eft EA 69 Eft Eft EA Eft 69 69 Eft Eft Eft EA Eft Eft Eft Eft Eft CA 69 Eft Eft Eft EA EA EA Eft Ef) O 0000 O O O 8 M O Cn CA CA O O C) O O O O O N n COa0 �CAM h CD O O 0000 CC) U) O 000 CX) 0 000O 10 CD CD C) R CA LOON CAO . " . 00000 N R U) CO O NT- M O C) a0 N U) CAR a) CO ' ' CA O O C0 O N' N O R 0o N 1: r O NO R N O g p f O CA O Cn r M O CA O) N O N R O CO Cr C0 Cr 69 fft Eft 69 O (.0N CA a0 N N N T- N N N '—'N CO e(OR R '— Fp CV N C:) CO CO < Efl ... N Eft Eft Eft CA 89 Cft Eft 89 69 E9 E!i Eft CA Eft Eft Eft Eft Eft to Eft Eft Eft 69 CA Cft Eft Eft CA Eft O 70 O to C.) co 2) CO am i'i = LLI C c . N a m m c Q c c coN m O N oc ` .2 i) U 1:32 t > o o w co 2 •'( (3) c U 1; ` U o U U {t ~ u_ o o a o 'c m c •_ t Z .5) m c Fir D EL LT_ o :N4- C� E .a v uJ U 3 cU c a) J c •a) c= > O v � � o aci o o E o Q Cl) golf o O oU c o _I rn m a• m C m a) L L F- ca c 7 „ c c o >, m 06 CA al u_ m l9 LL U J C U N 0` o UUF- I- ( .N Q U °� F- v .c o o rn 1° 0 a) CA J U [� 000ODUU a) rn ai 2 mX m cc`a a) m o a; _rzi m c >, a) c >. m > c CA c 'm �. ., c m E a.) -- 2w •c o v� U c c * a) ..... .- •- E E E '= " o co w - Y — m - m - o m E o ca E > m • C c C C C c c > O E c c C d c N 7 4 l > V a )C m C O- >, c O- >, m m a to m fx » D » D D a) > o o O o o Q o C1 m m a) m Ca 0 N O a) c0 O m CD a) a) c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 • li (fl N Eft is t; CO CID N :: O) f� h- O O O a a a a t co x (ft 64 km4 69 va(ft ffl v3 O Lo ON) Or) M O M \ M M L N 0 COO (OD N. (OD CO O (DO OCDO) ' (D O) M (DON MCON- 61 O N O) COCDr. O MO N (y CO O) CO CD coO N M MCI) O) NON fft (() Ill N (D NW ''. (ft (06ft(0 Eft (0 (ft Eft (ft Eft(ft(4(10.(0 a a M o U) a O) a (n N a o co �, o N o O O Zia) 4 in a M M O) N- O) O) (() N. M tl) CO ill M M NCO �,� O (D V' N O (n (O t() CO O (D V N M In CO V l�i i j to N ,,1 ( .— N c' O M NN M NN- (1) O) 'a CO O) a 1`� NN (V u) cOMCOu) '2h" i — i tii �� ' T el. Eft 69 Eft(ft (ft co Eft Z a) EA 69 E9 FA Eft Eft e -�, O -. M O o (n CO U) o o ° •a4�,s' - to N O M U) N M N (D ll) M N (I) (l) (°I)) CO 3 ,AO C.- r (I) O (I) N O CO M `i,O CO O) ' M O) U) V N O) N CO CO co co . (D M N ' H M O) V O M N N N U)O) (l) (- (I) ' O O) a O) O N co O 60) CO CO v N O coD .w c CO N ta C N v(D S Eft fft 69 U,69 Eft Eft U,Eft EC). Eft 69 EA Eft ffl Efl Ff3(!) it bi L4 Is 3 II a) Pt c rns c To o U U k4 C '?u' 0 - Z 0 N O N a) a) a) as cm d C w C (o C IX N Co Ia co C i 0) O a (O a) L C ' 0 'D N tO 0 c a Q c f{� U C a) a) _ ` a) Q`. — c in' (a CoLL U 0J Co E C) 1» to N N@ o m ? c i o. �, o. o m cii,,,, { U CO ' COo 0 0 o a) (a Co o m C) CO U a� Q c C)m ¢ Co Co rnV a) a. •c Q e CO0 -0 �,< c in rn m c rn in a) c rn CO o o °p c N N rn m c in a) rn 1 € m E c 3 E :a c d y 'o w .� E 3 w E .c 3 2 E C a) (0 N O) m a) >+ C "O a) C C ,C 1 c d N ( a) a) a) 3...'0) 7 N > co N N C C O U 7 N > W a) 06 C w CF- oQw moSaLl. w c) a_ 0_ LT - 0 < w m ❑ Saw E9 E!i Eft CA Eft Eft Eft Eft Eft to Eft Eft Eft 69 CA Cft Eft Eft CA Eft O 70 O to C.) co 2) CO am i'i = LLI C c . N a m m c Q c c coN m O N oc ` .2 i) U 1:32 t > o o w co 2 •'( (3) c U 1; ` U o U U {t ~ u_ o o a o 'c m c •_ t Z .5) m c Fir D EL LT_ o :N4- C� E .a v uJ U 3 cU c a) J c •a) c= > O v � � o aci o o E o Q Cl) golf o O oU c o _I rn m a• m C m a) L L F- ca c 7 „ c c o >, m 06 CA al u_ m l9 LL U J C U N 0` o UUF- I- ( .N Q U °� F- v .c o o rn 1° 0 a) CA J U [� 000ODUU a) rn ai 2 mX m cc`a a) m o a; _rzi m c >, a) c >. m > c CA c 'm �. ., c m E a.) -- 2w •c o v� U c c * a) ..... .- •- E E E '= " o co w - Y — m - m - o m E o ca E > m • C c C C C c c > O E c c C d c N 7 4 l > V a )C m C O- >, c O- >, m m a to m fx » D » D D a) > o o O o o Q o C1 m m a) m Ca 0 N O a) c0 O m CD a) a) c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 E0 N. (0 CD N- Oo co c m «i N O N EA d) M N CO O CO- CO CO Efl Eli f� o o M 0 EO (0 00 CO (N1 N 0) O N N tf3 ffl a) a) CO Z 0 O CD 4) CL N 0) C N V C N 0) "00 d N < C C C N CD_ co E E f0 J co O) C 0_ 0_ O U ct in •U C C c c U a` \cl 0-08-247.doc _ �. m expires on March 12, 2009. Your favorable consideration is requested. Sincerely, )11:444. tik;-1"Asid Mike Fahey, Mayor City of Omaha P:\LAW-CITY COUNCIL DOCUMENTS\2009\10134dae.doc E 1. ' IN of Omaha p:LAW-COUNCIL DOCUMENTS\2009\20070v1j �cx In '4- O N O O O (O co In o O O o ;.;i`V V O O O 1 ' co U) co- - LU C) M N M V M rfk ffl EA d-J (A fA ffl \\ c N c 00 O) 6) h N- O N N I, cn 40 N C w 3 j.1z=; N N O O c co co X TU a)CO 03 Q' H 7 a_ O O N 73 N L.L p CD CDf-. Lam: > N O_ N .a .Q C 'p 2 O) co co a CD ca m e 0 . « 'p (0 C N 3 fD Q) N co a).E C U > a •;To a) (0 C > N C c O > m > Q _0 < d d -CITY COUNCIL DOCUMENTS\2009\10134dae.doc E 1. ' IN of Omaha p:LAW-COUNCIL DOCUMENTS\2009\20070v1j 1 Sales Forcast for Dunsany 30 Units in the range from $185,000-$325,000 closed in 2008 Under$200,000 9% $200,000-$225,000 20% $225,000-$275,000 34% $275,000-$325,000 37% 100% *Most of the above data is due to the amount of units in each price range Currently on the market Price Range Units on the market Percentage of total units $185,000-$200,000 1 1 $200,000-$225,000 11 13% $225,000-$275,000 56 66% $275,000-$325,000 17 20% 85 100% Breakdown of Units Sold the first year #of Units Percentage Under$200,000 1 13% D/$205,000 3 38% C/$220,000 3 38% B/$295,000 1 13% A/$345,000 0 0% 8 100% E 1. ' IN of Omaha p:LAW-COUNCIL DOCUMENTS\2009\20070v1j ovODoocoCoN . - () N' 0M Cr) 000rna) LE) o r COO N O r N- co (O • O C0 o O 1' N O I" 0 1- 6i 0O IC) N- v- s4 LU I� o Lri 6i ' v o (� 6 1.,. (O 0 6) L (O ti 00 N I- (O ^ CO N- � CO CO 6) 00 I- r r r r r r r r r r " . . . . . r r r ( EfT 0- 69. 0. Eft "' ffT Eft Eft 0- Eft EA O. u- M O r r M O O r r M N O O O O C') 0 0 U O r 00 0 O O CO CO M 'C 0 0 0 0 I- O N N N O N N N N N N M M N N N N r N 1' r r r r r r r r r M r r r r r r r r M f. N N r N N r C C C _ a) a) a) O Z' O E O a' Z' E O > L' 2' O L' _L c O C t C 0 0 t 'c is ,J O O O O C O OU) O o. OU) w o.. O (nwww O (n l% UN0 < 0NN < 0 r I- NNNNUN N r r N N r r N N CO N r r r r r r Cr) •t. LO a st LE) ,_ r r �. r r N r N r N N N N I— N N N N N r N M (O 'V' co Lo (.. (0 . co r I r (*.i r r r- N N r- N N N N N N r N • O O O O O O O O O O O O O O O O CT N N N N N N N N N T N N N N N N N CO N (a _ _ _ d N N N U) N U) 6 U) +-• +J U) U) L'4 d N C N Na. a) wu) cnv) oa) a) (a (a (aa (°na w ma) a) o o c) m Q •o)'_,_ mcarri :. O U O O O D U 0 0 as C C C U (a U r O O N N O ti ti N N L- O Ln M N N O O • L r 0 0 LA r 0 0 0 7- r O r O r r 0 r I- r r r (- I- r r r I- I- N N r N- _ O O M LO M CO M N CO I- _ 0 0 CO O O M CO CO • Ln r Lf) CO r C6 6) (O M O 6) d' 000000000 6) 0000000 d' 000000000 CO 0000000 r 666666666 N 6666646 6) O N O O O O 6) M O Lo O O M O CO 6) O N 1- Ln O Lf) O L() M r 0 6) O O CO N M ti Ln 10 O O N N N L() 6) O r 4 ti r M I� 0 0 0 0 0 r r N N o r r r r N N N r N N N N N N N N N N N N N N N N N N (O ff? 'd H3 0- EfT EfT Et to EFT Ef3 0- 0- 0- (f3 U EfT EA O 0 O 0 O O N t N N I. N ,.. EA Ea ' I- M ti N- N- (- N- ti I- ' 00 00 00 a) co op co OO `'` 000000000 00 .2: 0000000 .2 r O O O O O 0 0 0 0 O r o O O O O O o C O c N N N N N N N N N N N N N N N N .... 00 r 0 (- . . . . . ` CD O LO 00 LMN ` CO r CO CO N r 14, Y N ti. M N 6) r r � .r M ti N M � � r o r Eo m r— co it 0 O O o C N N c0 .S . 000000000 O 0000000 N J J J J J J J J J a .a., J J J J J J J ., 000OOOOOO O (�+ 000OOOO 0 U) l'l: U) (n U) U) U) U) U) U) U) U) .: U) U) U) U) U) U) U) c Q c c coN m O N oc ` .2 i) U 1:32 t > o o w co 2 •'( (3) c U 1; ` U o U U {t ~ u_ o o a o 'c m c •_ t Z .5) m c Fir D EL LT_ o :N4- C� E .a v uJ U 3 cU c a) J c •a) c= > O v � � o aci o o E o Q Cl) golf o O oU c o _I rn m a• m C m a) L L F- ca c 7 „ c c o >, m 06 CA al u_ m l9 LL U J C U N 0` o UUF- I- ( .N Q U °� F- v .c o o rn 1° 0 a) CA J U [� 000ODUU a) rn ai 2 mX m cc`a a) m o a; _rzi m c >, a) c >. m > c CA c 'm �. ., c m E a.) -- 2w •c o v� U c c * a) ..... .- •- E E E '= " o co w - Y — m - m - o m E o ca E > m • C c C C C c c > O E c c C d c N 7 4 l > V a )C m C O- >, c O- >, m m a to m fx » D » D D a) > o o O o o Q o C1 m m a) m Ca 0 N O a) c0 O m CD a) a) c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 , t•• Cr) i) - M N ^1• N CO N O N 00 f� O N co r d) .,. 1- N - CA CO CO - N- ' CO In r.V969 Eft » E9E9 N- CD IU) OC) N- ti N CO M Tt O CD CD CDTi CD CO N r r r r r r 3; O YTA V N- r IC) 1- IC) O CO IC) O N- LO Co ' •" •" "J. 00 coCOO r f- IC) Tr Tr cocoCO r---- Na)N a) a) C a) N (U N T V CO CO O N O O N CO V 4 E E 0 0 r r C7) O co co 0,-) or) N CO N- () N N r N r r N N ' r r ' (0 (0 N N E9 63 Cfl EA Efl V> K} EA 6/9- EA 69 K} „ Q. C2 C2 C :' O O O r Q Q Q Q r 0 0 0 'r. O O IO M O O O CA CO O N- O N r r N IC') N N N - IA IC) N- d- O O 1.0 IC) O O CO LO .w e- _ T (A O CD CDCDO) CO (N r 1. +ai •. = N r- r N IC) N N N a) O O E o o L' O O O O C C e C � C C 0 C pCC _ O O Q O O (/) 0 0 0 ") O f'• '• Tr OO < OONOOONO i "' r r N N r r r r N r N CO M CO r r r r r r N CO �� O O O Co = 0 0 0 .. r T NNNN ', NNN N--- r N r• N N r c-- M N N M O M N CO 4* M N (CoN O O CO U) U) U) L O O NO ' CV N I() Or00 O 'r- O {h M r r M N N r N N N N N r N r ,-- O N IO CO LO d- N CO O O 0 0 0 0 0 O O O O N co Cfl CO '. T N N N N N N N N N N N L'A ~` CD r O O O CD Co O O O O CD O O r I() it O O O O Ili O O O O LO O CA O O O CA N N N r0 0 C0 a) Cl) IC) N- M C") O Il) O O ER N N N (0 +.. N N N 2 2 CO CO O co CA co C) CA o a d % a) as .-' Ii a. (n t. (i) ER 69 Cs CA 69 69 69 Eft O (.1) a CI) NA A r- d A A O O O CD .. UNN0) U "O O O 0 (n N 73 O O O, 7 OO te• 22r0 � 220g0 O O C (/) U) J d • N N CD N N O LU O O N N N N N • O O O C) r r O 0 0 r 0 O O r r CO r N- N- r r r N. r O +'• O • O N N O CO N- r--- N N IC) N- N IC) O N- N r-- N O co CO co Tr Tr N M O Tr tY r O N d- In 1 CD CD O IC) CD C) CDO O O O O CO CD O O C O O N r IO CD O In N In r .� U r-, N N N N C9 ,• N N N Y Tr . M N N N N CO N C) (Cl (U r I1) O P rr .•-• O O O O O O O O O O O CV COC CD CD C) CD CD CD CD CD CD CD CD N- CDO O O O O O O O O N O O c.') p O >-, O O O O C) O O O r 0 0 N- N N - O O C� O O O O O r 0 CA O a) ` CO CONtI) COC� rrr � -4• N. •- r='} 0000 '- .. 000 h. O O r r r r N N N N N V- 7 �".-' _J J J J 73 - -J J _Ij N N N N N NNNN N N N O ri O O O O O ' O O O 0 69 69 CA 69 69 69 fA CA 69 69 d3 d9 V) eIt• CO (r) coU) (n 5 U) U) 0) E o Q Cl) golf o O oU c o _I rn m a• m C m a) L L F- ca c 7 „ c c o >, m 06 CA al u_ m l9 LL U J C U N 0` o UUF- I- ( .N Q U °� F- v .c o o rn 1° 0 a) CA J U [� 000ODUU a) rn ai 2 mX m cc`a a) m o a; _rzi m c >, a) c >. m > c CA c 'm �. ., c m E a.) -- 2w •c o v� U c c * a) ..... .- •- E E E '= " o co w - Y — m - m - o m E o ca E > m • C c C C C c c > O E c c C d c N 7 4 l > V a )C m C O- >, c O- >, m m a to m fx » D » D D a) > o o O o o Q o C1 m m a) m Ca 0 N O a) c0 O m CD a) a) c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 • d' Co M M N N O O N r 00 't f� d I� CO (O CO r N N O r (3) f� CO N N M O N O r r • CO c6 M d' r (O ti CO r- - O CO (O N- CO M C) CO N- NON CA O Co CO M ti M 0) N- r f- N- O CO O ()) N CO r • E79 EA Efl Cl3 H-? f 1- 69. t te- E} EA ER (a to tol- to tO a to t} d? C C() O Cf) O O CO O N CO N- N O r 0 0 CO C0 N 0 0 N CO r N r O N rl r CO Ord LO d d M r r 0 CO NON r Co V M d' CA M d' r d' Co d' CM '- N N ✓ � M r T.) ate) (1a) a5 a) Z' a) a) o o o o ? o o ? > E E > L' E � L'2 E > o 2 i C C C O C C O J C C J CCC C C C w N CO N , • O O O O C/) O O C� 'C CZ Q.'C 0 C1 W w to C1- O .! 5. OOOONOONI- < < I- N < NNN < O1 N N r N r N N N N r N N N N N N N r N N N CO - � I � I N r r r N N N N N N Ca) N N N N N N N N N r CO r ti CO co N N N N N N N N N r r N N r N N N r N r N / N N N N N N N N N N N N N N N N N N N N N 0 N N -C N a O' N N 07 ecnorti U 'C CB C M O O M U '6 C C M 0 O 0 +F., l'O• M O 0 m O � W 2 0 0 � W -) W W 2 0 J 0 0 - v CO CO 0 r O v rn v � N CO N CO Co N N d) O N N r C') O r Ca) r N N N Co 7- 0 0 0 0 0 0 0 0 N O O N O r r 0 r O N 0 0 CO Cn CO U r 0 r CO LO CO N 0 r 0 CO M Cn U O CO M 0 CO N CO CCU N d' N Co Cn N- M CA O M CO M O 0 e- r N r M r M CO M r r r CU CA r N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 000000000000000000000 r O O O O O O O Cn O O O O O O O O O O O O O M 0 0 0 0 0 0 0 N- Cn O O r CA CO �T 0) 0 Co 0 0 0 N 0 0 Cn r N- 0 C d- CM O O Cn O W N- N Cn Cn 0 0 0 N N N N N N M M d' t Cn O Cn CCU Cn O Co CO CO N- N- �f N N N N N N N N N N N N N N N N N N N N N N ERERERERERERE0E9- ER69- ERERERCAERERERERE0- ERER (F? 0 0 0 Cn N N (Ea 1 O C O 0 ' N CO ti ti N- ti ti ti N- ti N P ti CO N- ti ti CO ti ti Co 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N , N N N N N N N N N N N N N N N N N N N N N C CO M O M O CO t N C` Co O) ti CO CI) CO 0) CO ti CO 0000 M [[r�,� N N r N co r r r ,_ N r r N c COrrN f� M r I� N a) 'R O r O r r co CO N M M r M r N- r r r N O 0 N ▪ E' 0 0 0 0 0 0 O O 0 O O O 0 O O O O O O O 0 -C J J J J J J J J J J J J J J J J J J J J J 0 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CD O O C O O N r IO CD O In N In r .� U r-, N N N N C9 ,• N N N Y Tr . M N N N N CO N C) (Cl (U r I1) O P rr .•-• O O O O O O O O O O O CV COC CD CD C) CD CD CD CD CD CD CD CD N- CDO O O O O O O O O N O O c.') p O >-, O O O O C) O O O r 0 0 N- N N - O O C� O O O O O r 0 CA O a) ` CO CONtI) COC� rrr � -4• N. •- r='} 0000 '- .. 000 h. O O r r r r N N N N N V- 7 �".-' _J J J J 73 - -J J _Ij N N N N N NNNN N N N O ri O O O O O ' O O O 0 69 69 CA 69 69 69 fA CA 69 69 d3 d9 V) eIt• CO (r) coU) (n 5 U) U) 0) E o Q Cl) golf o O oU c o _I rn m a• m C m a) L L F- ca c 7 „ c c o >, m 06 CA al u_ m l9 LL U J C U N 0` o UUF- I- ( .N Q U °� F- v .c o o rn 1° 0 a) CA J U [� 000ODUU a) rn ai 2 mX m cc`a a) m o a; _rzi m c >, a) c >. m > c CA c 'm �. ., c m E a.) -- 2w •c o v� U c c * a) ..... .- •- E E E '= " o co w - Y — m - m - o m E o ca E > m • C c C C C c c > O E c c C d c N 7 4 l > V a )C m C O- >, c O- >, m m a to m fx » D » D D a) > o o O o o Q o C1 m m a) m Ca 0 N O a) c0 O m CD a) a) c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 l t r= CO d' M d• N to to O M r CO O M O N N M M (O O O O M CO N d• M I— (O M i t r N r 00 (O N (O N O O r to t1,j O (p O N O OO 6 M (O N M M O i N I` I` O d• to r- C) CO r- N to ( N ci d CO f- CO O (O O r O h a- 4 (O O 4 L;. r (O O N- ti O CO r M (O O to CO (O O O M to r 0 0 0 N d• - N O CO O to N r r r r N r N r r N r r , N r r r r r N N N N N N N N r r N u d• OOOOOOOOMNCO ti toOOOMNOM (ONOMOMCOtoO CO O O d• r d Ct (O r- O (O to d' d• O O O O O r to to d- O d• N Nt d• N d• N d' to C O d O d- d to CO to d• N d• M to (O to N r r r r r N n r t : CO 1- r I C O a) o � � � o o o a > E o � Z' ( o o � o o % o % o o N o • c 0 0 0 c c O c O O J c r c o o J c c c c W c W CC c c W c o (nW W o oW O (nW o -+ oWW o o (n o 0 0 0 0 .! o ✓ O N N N O O N O N N H Q r' O N N O O N O O I O I I U O I U N N r- N N N N N N N N N N- N N N M N r N N N N N N N N N N N IL r 'e �e O K- r N N N N N N N N N N M N N N N N (M N N N r N r N N N r N N t • N N N N r- N N N N N N r 4.-.' r N N N r- N N N r r N r r r r N N - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - d' d• d• d• d' d• d' d• d• d• V d 44444444444444444 r N N N N N N N N N N N N '. N N N N N N N N N N N N N N N N N O N CO r (n 1 M M (n N N N M O (.�n a) as (n — a) 1* — 2 a) rn 4 a) n Orr n (n N .0 j 0 c U CP L rn U O a) E U O E Y ) N f 0 E .� V O O U O •,- 0 0 0 N () E CO O ,- U T p T m 8 p E 7o 7 (nJU LL m m 0r- cv •mu_ O •- Li O (nUaJ wJwb_ mow wmE � � (nU - to to O d• ,:r to CO to d• r N N t . MO r r OO N O 0 to O O to to O O O to to >' O r N O O O O O O N N O " d• O O r O N r to o d• O to d• r to O O • r N (O N r r N r N- r r r r I� r r d' N- to r r r to r r r r r I- CO I- 00 N r to N to (O N- d• CO -_. r O O O (O N- M N to O I- ti (O M r M O CO O I- to 00 N CM d Ms-- CO r ^. N (O CO M M CO I- (O (O M r 0 N e: r r r CO r d• N- N N yo M N N CO N r .3 000000000000 N 00000000000000000 000000000000 d• 00000000000000000 O O O O O O O O to O O O O O O O O O O O O O O O O M O 0 0 0 00I- 00000 toOOO r O ti N000000000000000 00 (O0LO00600000 N 60) Or0000NO6O00000 O d (O to (O to r N M d• to to CO (O O O N to to COO to 00 O d CO O O O to CO ('O CM d• d' to 0 0 (O 0 0 I- to I- I- I- COO CO CO O O O O O O O O r r N N N N N N N N N N N N N N N N N N N N N N N N M M M M M M toWWWWWW (f3 (ftWW (t W. (f} (f3U) WU) 69 (flWff-) EREf3 (F? (f3W (f3WW O 0 O O O O to tc) ti N ` Y (f- 1 O O f 0 lt !` O CO 00 00 CO CO CO M M co CO CO CO O I-- ti ti ti ti ti OO N ti N ti ti N N N ti N to 1 00000000000a to Q- O0000000000000000 N r 0 0 0 0 0 0 0 0 0 0 0 0 N- ' 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N I; N N N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 N U) N O T n- 0 (D U) M O U) ' N- O C) 0 CO C) M TY C) 00 O N • U) I- I,- C) 00 00 c- C) Tr CV C) CO () C) M O O D , O d' T- to M O U) T- U) Tf O T- C) O 00 D ti 0 N- V- U) (D C) 0 00 0 0 0 N (D 01 O y- Cr) N N N N N r C- '- N N N N N N - N N Ef} w- Ef} Ef} EfT _ el- Ef). 69 EA (f} 64 E4 fA Ef? Ef) Ea EA Ef} Ef} C- U) O N r` 0 U) N- 00 O0 O O O O M M N- U) (O M U) Tr r U) N- U) N- 0 TY O ti N O C- 0 N- U) T N O T- (D CO O M C) CO U) U) O U) U) U) d' C) 01 OD CO N r c- r N N i= O ti IT C C 0) a) 0) 0) N E co o o 0 0 0 E > > o o > o l o o O O __ 73 "O a 1f "O a 73 "a 'C (p Re C C ^• C C C N J J C C J C CC C C Q.! 0 0 O O O Q•- •- O O •C O .! O O Q = 00 r 000 < I- I- 00I- 0I00 N N ''- N N N N M N N M N N M C- N M N M U) 1Q 0) N ,r N rt. N II 1 N N '- N M N N N C/ N N N N N N N N N N T- C) c0 O ,7 N N- C- r r r = V r- C- C- N N c- N N C- N C- C) O O O O O O O O O O O O O O 0 0 N▪ N N N T N N N N N N N N N N N N N I- (p O N N U) as +r U) U) U) U) N N U) a N U) cp• EOE EE (- a EU) U) OoaE O as▪ 0 W ,, Cp N (p O (p 00 (p 'D co-.- (0 j N (0 O LL -7 LL r LL LL 2 0 2 U) Q O) -' 2 LL iL • M C- M M M Cr Cr I- U) 00 C-. C- N M N O O O 'I O O r N Tr 01 O N C'r) O U) N 0 O d' - Tr L Tr Tt r O T- r Tr 0 - '- U) O Tr C- r r r C- c- V- r C- C- C) T- T- U) r - Tr M O N I,- , _ 0 C) O N CO O CO U) U) O O T- C) T- N- O N- 01 CO (D C) U) N CO T- O U) C) N- 0 U) c- N C- ,u 0/ 00 U) N '- N '- N In. O O O O d' 0 0 0 0 0 0 0 0 0 0 0 0 0 U) O O O O N O O O O O O O O O O O O O CO O O O O CO O O O O O O U) O - O O O Cr) 0 O O O O TY O O O O O M (D 0 0 0 0 0 N- CD U) U) O U) (D U) O O O O U) 0 O '- O O O 01 C) I- N 0) N. C) 0) y- 0 0 0 0 U) I,- CO 0) 0 O d' T' T- c- T- N C) 00 C) O O O O O O O CD T- N N O 01 01 C") 01 N N N M 01 M 01 M M CO 01 M 00 M M VS- ea Ef} EO EA Ei4 (9 Ef} VI- Ef) en- VI lf> Ef! EA Ef)- Ef? Ea W} O 0 O U) N 01 c. O L. ti N N N 0 00 O CO 00 00 00 00 CO 00 0 00 CA 00 0 0 0 0 1.6 1• 0 0 0 0 0 0 CD 0 0 CD 0 0 0 O O O O N 0 0 0 O O O O O O O O O O N N N N Cal „„ N N N N N N N N N N N N N (D M Tr N , C) CO d' r) U) Tr M V O CO (0 U) O) Cy ,r N C N. V- N r T- N T- y- T- T- N 0) d' 0) z Tr T' T' N N- N U) C) T- Tr ti t- l" 00 O O N O 0 0 0 •-c E 0 0 0 0 0 0 0 0 0 0 0 0 0 J J J J 'D }-� __I J J J __I J J J J J J J J 0000 oa. 0000O000000O0 U) (/) CO (n a) .; U) U) U) U) U) (/) U) (I) U) U) U) U) I; N N N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 1 J.. r Chairperson Board of Commissioners Douglas County LC2 Civic Center 1819 Farnam Street Omaha, NE 68183-0001 Chairperson Omaha Public Schools 3215 Cuming Street Omaha, NE 68131 Chairperson Board of Governors Metropolitan Community College 3000 Fort Street Omaha, NE 68111 Chairperson Board of Directors Papio Natural Resources District 8901 South 154th Street Omaha, NE 68138 President Educational Services Unit 1 3215 Cuming Street Omaha, NE 68131 Chairperson Metropolitan Utilities District 1723 Harney Street Omaha, NE 68102 Chairperson Metro Area Transit Authority 2222 Cuming Street Omaha, NE 68102 Chairperson Omaha/Douglas Public Building Commission MAILING LIST RECEIVED —A C., 6 2 RECEIVED BY 4-0( LA, L!NG MADE 1)ATE MAILED 3 'D OM�HA, �'F o -City Omaha, [Ale bras adrl 1 prii 1819 Farnam-Suite LC 1 EC Omaha, Nebraska 68183-0112 \oo ,,. Buster Brown (402) 444-5550 A City Clerk FAX (402) 444-5263 OR'��p FEBRt.CA "NOTICE TO TAXING AUTHORITY" NOTICE OF PUBLIC HEARING ON FOREST HILL PROPERTIES, LLC TAX INCREMENT FINANCING REDEVELOPMENT PROJECT PLAN Notice is hereby given that the Omaha City Council has set Tuesday, March 24, 2009 at 2:00 p.m. as the date of Public Hearing on Forest Hill Properties, LLC Tax Increment Financing Redevelopment Project Plan. Forest Hill, LLC Tax Increment Financing Redevelopment Project Plan for the redevelopment of the Dunsany is located at 10th and Pierce Streets and addressed as 1113 South 10th Street. The site meets the conditions of both a substandard and blighted area as defined by State Statute 18-2103. The development will be called Dunsany Flats. The project plan for the 19,344 square foot project study area is to facilitate the rehabilitation of the site to redevelop and convert the Dunsany, a historic apartment building, into 18 residential condominiums and 1 retail condominium resulting in 22,660 square feet of sellable residential space, 891 square feet of sellable retail space, a 23 stall heated parking garage and an 891 square foot fitness room. The total project hard cost of $4,576,000.00. Tax Increment Financing (TIF) in the amount of $560,000.00 will be used for site acquisition, demolition, preparation, public improvements, rehabilitation, conversion and other TIF eligible expenses including compliance with ACI design guidelines. A Industrial Development Bond issue may be used in this blighted and substandard area to assist with project financing. 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 O O O O d' 0 0 0 0 0 0 0 0 0 0 0 0 0 U) O O O O N O O O O O O O O O O O O O CO O O O O CO O O O O O O U) O - O O O Cr) 0 O O O O TY O O O O O M (D 0 0 0 0 0 N- CD U) U) O U) (D U) O O O O U) 0 O '- O O O 01 C) I- N 0) N. C) 0) y- 0 0 0 0 U) I,- CO 0) 0 O d' T' T- c- T- N C) 00 C) O O O O O O O CD T- N N O 01 01 C") 01 N N N M 01 M 01 M M CO 01 M 00 M M VS- ea Ef} EO EA Ei4 (9 Ef} VI- Ef) en- VI lf> Ef! EA Ef)- Ef? Ea W} O 0 O U) N 01 c. O L. ti N N N 0 00 O CO 00 00 00 00 CO 00 0 00 CA 00 0 0 0 0 1.6 1• 0 0 0 0 0 0 CD 0 0 CD 0 0 0 O O O O N 0 0 0 O O O O O O O O O O N N N N Cal „„ N N N N N N N N N N N N N (D M Tr N , C) CO d' r) U) Tr M V O CO (0 U) O) Cy ,r N C N. V- N r T- N T- y- T- T- N 0) d' 0) z Tr T' T' N N- N U) C) T- Tr ti t- l" 00 O O N O 0 0 0 •-c E 0 0 0 0 0 0 0 0 0 0 0 0 0 J J J J 'D }-� __I J J J __I J J J J J J J J 0000 oa. 0000O000000O0 U) (/) CO (n a) .; U) U) U) U) U) (/) U) (I) U) U) U) U) I; N N N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 •._. . ' • cg§E: � 'r � elYlilo' a sue �-., '. D i , 1z 2:. , IA...., Iy = io ' cn 'o � .-.. A t nn n ♦ tno� ��omg.z5 m lji , • F F c- e = m � ' I 1 y 2 C i 6 m �A'oo`'Ac i O L f; F 2i Q t ; i';,E a� ..• 20 � oyz,yOo '( d t. ttt t s l -El. ;: ' , t ovz�Z Z `e` T 44.11r' '4}l €E Z Lt 1 i CL m 4 ¢ "' oxogi n iE Ili a= n z <. 1 ". o x o , m E, s si m ;s'` z -0 A; q - i '� '\`•:� -I G - E �t_—/ 1 \.\ 1 m - ''••1 mO -0x of Ofyrvvsm I a F. mo < m oo c_\ 1mo � 0000 F'f� -•' _m y m m in o o o io • n t I tIo sg}i o jI m Im i 1£ 1 o `p o pRb � .� t; m 1l, 'e1 1 0 th S T R E E T iD }vMk. '3 • ( DEDICATED PUBLIC RIGHT-OF-WAY ) 'A :, . .. Z d: • › , 3X :-1 .' }NN L n 36' I ,1T,,6 ,LF T 6.3 �� ,c ` It i ,,kd Q 1 t �u II g{� n •\ @ n7 ON: WALK t %1 U t ! 41. ) iF I \ . 0 :rril ._. 4�6 ::'...;ai� .® �.�l 47.00' R 1 46 84 M/=1 I-"1 E iii:-l'`H .%*'t.,+� •, ` \\' ` . \',` \ , \\ _`\L \. i. I I^ aA, \ \.` vim` \\ 01 Q. 1�L_ �, I C ` ,�. \ .\ \ ,\ \ \ .\b"tiv. \\ i ALLEY ` - _ ;-1-__' � \ \�\ : \\\\\\\\\\ Qf�'� \\ \ \ \\' - O l.%—'' I 1 $\ ''OKS ' aEctSs ,, .C3eCKS' I ``'ot., _� < o __ . D y A I gI \a� \1 \\ \` \1�\� \\ 1\ " i i •'-' -11. C/-!f�'1 r' r 1 ' .te'"f.Y'r fi ,>�r X , "' a ,. • N 'R Aga Re '$7REE� �oEQ? m ., ' 43.0 WIDE • 1-o n 00 . .., .. . „11Q.8'S; .,,.... .,v .. ,., -.- Y ASPHALT PAVING ._ __. • ".I m^m 47.00' R 147.20' M • I I I I - 'j o GARAGE I o I l. m m .in Z '"' 1 70.0' WIDE RIGHT-OF-WAY - iy~ 0 • .t X n C) O C U) m • L\iOC:,.rsCS`OR. g.lei%''1�'; ' I � j ; c tjf ii,t Ej I c.re-�,�'. I -.=�� ' j I l y li iii I a s . 4.a __ m� 0',: rl I -0.1!Ij1ii Sr i ;7 _ , rWi' i • 1 ; I �FEaati :.,. o�; I DUNSANY FLATS i S a. _�r� 8. ,ra- 1 =o i, R''E" R� _ J J J J 0000 oa. 0000O000000O0 U) (/) CO (n a) .; U) U) U) U) U) (/) U) (I) U) U) U) U) I; N N N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 c-2 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 the conditions which are detrimental to the public health, safety and welfare by developing vacant, underutilized property within these neighborhoods; and, WHEREAS,State Statute 18-2109 requires that before any redevelopment plan be prepared, the City Council must declare the proposed redevelopment area to be"substandard and blighted"and in need of redevelopment; and, WHEREAS,the proposed 19,344 square foot Forest Hills Properties,LLC redevelopment site located at the intersection of 10th and Pierce Street, addressed as 1113 South 10th Street, meets the conditions of both a substandard and blighted area as defined by State Statute 18-2103 (see Attachment 1 for complete legal description); and, WHEREAS,the Planning Board and City Council of the City of Omaha previously declared the Forest Hills Properties,LLC.Tax Increment Financing Redevelopment Project Plan site located at the intersection of 10th and Pierce Streets and addressed as 1113 S 10th Street meets the conditions of both a substandard and blighted area as defined by State Statute 18-2103; and WHEREAS, the Forest Hills Properties, LLC. Tax Increment Financing Redevelopment Project Plan for the 19,344 square foot project study area is to facilitate the rehabilitation of the site to redevelop and convert The Dunsany, a historic apartment building, into 18 residential condominiums and 1 retail condominium resulting in 22,660 square feet of sellable residential space, 891 square feet of sellable retail space, a 23 space heated parking garage and an 891 square foot fitness room; and, WHEREAS,the redevelopment plan proposes the utilization of TIF in the amount of$560,000 to offset site acquisition, demolition,rehabilitation,renovation, condo conversion and project development cost and to modify and construct public improvements as may required in the abutting rights-of-ways as indicated here in"Exhibit A" and attached hereto and made a part hereof; and, WHEREAS, an Industrial Development Bond issue may be used in this blighted and substandard area to assist with project financing; and, By Councilmember Adopted City Clerk Approved Mayor 1-o n 00 . .., .. . „11Q.8'S; .,,.... .,v .. ,., -.- Y ASPHALT PAVING ._ __. • ".I m^m 47.00' R 147.20' M • I I I I - 'j o GARAGE I o I l. m m .in Z '"' 1 70.0' WIDE RIGHT-OF-WAY - iy~ 0 • .t X n C) O C U) m • L\iOC:,.rsCS`OR. g.lei%''1�'; ' I � j ; c tjf ii,t Ej I c.re-�,�'. I -.=�� ' j I l y li iii I a s . 4.a __ m� 0',: rl I -0.1!Ij1ii Sr i ;7 _ , rWi' i • 1 ; I �FEaati :.,. o�; I DUNSANY FLATS i S a. _�r� 8. ,ra- 1 =o i, R''E" R� _ J J J J 0000 oa. 0000O000000O0 U) (/) CO (n a) .; U) U) U) U) U) (/) U) (I) U) U) U) U) I; N N N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 C-2 CITY OF OMAHA LEGISLATIVE CHAMBER Omaha,Nebraska PAGE 2 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 under Sections 18-2147 through 18-2150,Revised Statutes of Nebraska;and, WHEREAS,the Forest Hills Properties,LLC Tax Increment Financing Redevelopment Plan site for the Dunsany Condominium conversion located at the intersection of 10th and Pierce Streets, addressed as 1113 South 10th Street was approved by the City of Omaha Planning Board on January 7, 2009. NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA: THAT,the attached Forest Hills Properties,LLC Tax Increment Financing Redevelopment Project Plan for the 19,344 square feet project study area prepared by the Omaha City Planning Department containing a provision for the division of ad valorem taxes in an amount up to$560,000.00 under Sections 18-2147 through 18-2150,Revised Statutes of Nebraska,meets the conditions of both a substandard and blighted area as defined by State Statute 18-2103, and is hereby approved as the Redevelopment Plan for the Forest Hills Properties, LLC Tax Increment Financing Redevelopment Project Plan Area for the redevelopment of the Dunsany at 10th and Pierce addressed as 1113 South 10th Street. APPROVED AS TO FORM: 42 6/0 9 C.a t (kCITY ATTORNEY DAT Pln1sf1232-res ByADOWIC74.1...). � Councilmember Adopted.... MAR 2 4 2009, _54 y City CiP� �� Approved.. "'"4't Mayor in 22,660 square feet of sellable residential space, 891 square feet of sellable retail space, a 23 space heated parking garage and an 891 square foot fitness room; and, WHEREAS,the redevelopment plan proposes the utilization of TIF in the amount of$560,000 to offset site acquisition, demolition,rehabilitation,renovation, condo conversion and project development cost and to modify and construct public improvements as may required in the abutting rights-of-ways as indicated here in"Exhibit A" and attached hereto and made a part hereof; and, WHEREAS, an Industrial Development Bond issue may be used in this blighted and substandard area to assist with project financing; and, By Councilmember Adopted City Clerk Approved Mayor 1-o n 00 . .., .. . „11Q.8'S; .,,.... .,v .. ,., -.- Y ASPHALT PAVING ._ __. • ".I m^m 47.00' R 147.20' M • I I I I - 'j o GARAGE I o I l. m m .in Z '"' 1 70.0' WIDE RIGHT-OF-WAY - iy~ 0 • .t X n C) O C U) m • L\iOC:,.rsCS`OR. g.lei%''1�'; ' I � j ; c tjf ii,t Ej I c.re-�,�'. I -.=�� ' j I l y li iii I a s . 4.a __ m� 0',: rl I -0.1!Ij1ii Sr i ;7 _ , rWi' i • 1 ; I �FEaati :.,. o�; I DUNSANY FLATS i S a. _�r� 8. ,ra- 1 =o i, R''E" R� _ J J J J 0000 oa. 0000O000000O0 U) (/) CO (n a) .; U) U) U) U) U) (/) U) (I) U) U) U) U) I; N N N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 bU , ' 't � b � tv � 5 dv, .b'r tn '' CI) flii ' ?; 0 oo rn II' ! d D r Q- v, p ,*� � 6 `0 95 'mod fro a O (� v' O O 0 Z O T 0 Col o w � o f a cr 2 a 0 Ocr w 6 3I O ° O P. 7J C o n I") 5. po ci 0 O 5 A� OCI" v+ .O O oO -+ c a. oO v ° G �D CM �n co R ? �X G erson Metropolitan Utilities District 1723 Harney Street Omaha, NE 68102 Chairperson Metro Area Transit Authority 2222 Cuming Street Omaha, NE 68102 Chairperson Omaha/Douglas Public Building Commission MAILING LIST RECEIVED —A C., 6 2 RECEIVED BY 4-0( LA, L!NG MADE 1)ATE MAILED 3 'D "NOTICE TO PUBLIC' THE DAILY RECORD NOTICE OF PUBLIC HEARING ON FOREST HILL PROPERTIES,LLC TAX w TT INCREMENT FINANCING OF OMAHA REDEVELOPMENT PROJECT PLAN Notice is hereby given that the Omaha• . RONALD A. HENNINGSEN, Publisher City Council has set sethe March ba, PROOF OF PUBLICATION 2008 at 2:00 p.m. as the date of Public Hearing on Forest Hill Properties, LLC Tax Increment Financing Redevelopment Project Plan. UNITED STATES OF AMERICA, Forest Hill, LLC Tax Increment Financing Redevelopment Project Plan for the The State of Nebraska, SS. redevelopment of the Dunsany is located at District of Nebraska, 10th and Pierce Streets and addressed as 1113 South 10th Street. The site meets the County of Douglas, conditions of both a substandard and Cityof Omaha, blighted area as defined by State Statute 18- 2103. .The development will be called Dunsany Flats. The project plan for the J.BOYD 19,344 square foot project study area is to facilitate the rehabilitation of the site to beingdulysworn,deposes and says that she is redevelop and convert the Dunsany, a P Y historic apartment building, into 18 LEGAL EDITOR residential condominiums and 1 retail condominium resulting in 22,660 square feet of sellable residential space, 891 square feet of THE DAILY RECORD, of Omaha, a legal newspaper, printed and of sellable retail space, a 23 stall heated parking garage and an 891 square foot published daily in the English language, having a bona fide paid fitness room. The total project hard cost 's circulation in Douglas County in excess of 300 copies, printed in in the amount Tax Increment Financing (TIF)o Omaha,in said County of Douglas,for more than fifty-two weeks last in the amount of 5560;000.00 will be used for site acquisition, demolition, preparation,public improvements, rehabilitation, past; that the printed notice hereto attached was published in THE conversion and other TIE eligible expenses DAILY RECORD,of Omaha,on including compliance with AO design guidelines. An Industrial Development Bond March 6 and 12, 2009 issue may be used in this blighted and substandard area to assist with project financing. • 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 That s • wspaper during that time w gularly published and Legislative Chambers, Omaha/Douglas Civic > • Center, 1819 Farnam Street, Omaha, in gene��4c; F� ,in the County of Doug tote of Nebraska. Nebraska. t"� BUSTER BROWN, �[yERP,� ' City Clerk �;''G ALL REQUESTS FOR SIGN LANGUAGE Subscribed in nce d sworn afore INTERPRETERS(SIGNERS) WILL REQUIRE A I ARY •';•3 80 12th MINIMUM OF 48 HOURS ADVANCE NOTICE. bbShers, ge�SIONS me this day of IF ALTERNATIVE FORMATS ARE NEEDED Sr; �'"'X ;Icy 2009 ALL REQUESTS WILL REQUIRE A MINIMUM dditionalECopiesOF 72 HOURS ADVANCE NOTICE. t ,� QPLEASE NOTIFYCINDY FORD THINNES - 444-5553,IF ARRANGEMENTS NEED TO BE f;'•. f, lz0. .80 MADE. 'lib F NE�'s'J ' Not /for ounty, 3-6&12-09 Negras a N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1 • "NOTICE TO PUBLIC" NOTICE OF PUBLIC HEARING ON FOREST HILL PROPERTIES,LLC TAX INCREMENT FINANCING Proof of publication REDEVELOPMENT PROJECT PLAN Notice is hereby given that the Omaha City Council has set Tuesday, March 24;2009 at IIII 2:00 p.m.as the date of Public Hearing on For- est Hill Properties,LLC Tax Increment Financ- orgg Redevelopment Project Plan. AFFIDAVIT Forest Hill,LLC Tax Increment Financing Rede- velopment Project Plan for the redevelopment of the Dunsany is located at 10th and Pierce Streets and addressed as 1113 South 10th Street. The site meets the conditions of both a .substandard and blighted area as defined by State of Nebraska, County of Douglas, ss: State Statute 18-2103. The development will be called Dunsany Flats. The project plan for the 19,344 square foot project study area is to facilitate the rehabilitation of the site to rede- velop and convert the Dunsany, a historic apartment building, into 18 'residential condominiums and 1 retail condominium re- Joyce Sawatzki being duly sworn,deposes and says that he/she is an employee of suiting in 22,660 square feet of sellable residen- tial space 891 square feet of sellable retail space,a 2'3 stall heated parking garage and an The Omaha World-Herald, a legal daily newspaper printed and published in the 891 square foot fitness room. The total project hard cost of $4,576,000.00. Tax Increment Fi- nancing(TIF)in the amount of$560,000.00 will county of Douglas and State of Nebraska, and of general circulation in the be used for site acquisition,demolition prepa- ration, public improvements rehabilitation, conversion and other TIF eligible expenses in- Counties of Douglas, and Sarpy and State of Nebraska, and that the attached cluding compliance with ACI design guide- lines. A Industrial Development Bond issue may be used in this blighted and substandard printed notice was published in the said newspaper on the 12 day of March, area to assist with project financing. A copy of said plan is available for public in- 2009,and that said newspaper is a legal newspaper under the statutes of the State spection in the City Clerk's Office. • Public Hearing will be held before the City - of Nebraska. The above facts are within my personal knowledge. The Omaha Council of the City of Omaha,in the Legislative Chambers, 1819 anamSr Omaha/Douglas Nebraska. World-Herald has an average circulation of 163,972 Daily and 209,348 Sunday, Buster City Clerk n • in 2009. ALL REQUESTS FOR SIGN LANGUAGE INTERPRET- ERS(SIGNERS)WILL REQUIRE A MINIMUM OF 48 HOURS ADVANCE NOTICE. IF ALTERNATIVE FORMATS ARE NEEDED ALL RE- QUESTS WILL HOURS REQUIRE ADVANCE NOTICE. OF 72 PLEASE NOTIFY CINDY FORD THINNES-444- Sl ed Title:Account Executive l 5553,IF ARRANGEMENTS NEED TO BE MADE Subscri e • y presence and sworn to before me this day of , 009. c514:v.3. Notary blic AM--A\- MIRANDA KAY SMITH General Notary Printer's Fee$ State of Nebraska My Commission Expires Jan 18, 2012 Affidavit irftr- Paid By Negras a N N N N N N N N N N N r`•• N N N N N N N N N N N N N N N N N O r r N N 00 (O d• 00 O d• r to O I-- ti 00 0 d 1-- O O I- M M M d• to ti C U M r• N N r. N r. -- C lu, r r r r -- r N r- Mr N N r N -- r a) C N 0 t d' ao C r N CD N 0o a) k M — CO CO N 00 N C — N CO 't N N O w O r 0 to M r O Y r CO CO N I` M r r I� M 'q 1� N r I. 1. r• r- r r r r O .I a) 1. L L 00 ti O O O O N N •� -" 0 0 0 0 0 0 0 0 0 0 0 0 • 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'C) "" J J J J J J J J J J J J "O E J J J J J J J J J J J J J J J J J ob000000000000 751000000000000000000 cn ;' cn (ncncncncn (nv) cncncncn cn rS (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n (n c w W Q 0 z aUUUUUO E2Oa0QJI-- I- LL U- CCau. 00a >- 07 w ,•,,,. ' .: ' . . _ ., _,.. • ___, ,_;_i,... , ....._,_i___ ._, L • ir‘ i 1111 p.';i. MI Illg ! ti ...,_: - ._.-- .,.! ,,, ;.., ........ ;., .,If. •=1, Eri EE Ell„ „, . 1 t, 1, 1 .1, 01 — •, „.ig . z:: ,,•., 2;r 1!" .1 -- I19 . ,. iii I. t..] r.). ,,_L__ _;1.._,_ Tr"- ,..-- , ; !L.,„,..,,r 9,--...-- i.• i iS , ..„,' t...1 0 -L-.77-J.,,4'1 - .;1'111-1 f s.,, /IP\ .4 I ' ,i I • • i---- .1:1 - -i i :_:_inr-\.___14 -,, ;.,,--, „,--- •.. z ;.,-..--,....--, .,..??./Li L ..„.if i!., 6, ., ,Li---,:„._, ,,. ,_., i Lr - , w irI,NE----+11.--.-.'. Vi.)!I -7. '1,r-\5„/-1 r,-- til.li 1111-,,,s,f-ir. -. , x ,, .. ......-,...,. , , , , , i,• 0 I: 4 ..... .4 Pi V ..-1. g I g'1';,;•-•-1--7.' ;I; VI g 1 5 T',1.' IN 3 I 8 I`1.:i i P111) llt--Al 1 N T1 L.!•1____., °14!,1 . QII PI I .. - i I-,- i ,.--I•1 ig'i I. -V. V - !' iI " . I -WI . _1 !I - 1.' !1 •. __..j._ .L !;Li .--A„..-„ ',-.,,...._. _;-..... . .---,7: :---- -7.11 ,,....,...,.....7.1_-- -7 1 1