RES 2007-0691 - S&R Development LLC/Metro OBGYN TIF redevelopment project plan i`'' oANA,Art
oFo ,a�, Planning Department
y .L , � ldk? Omaha/Douglas Civic Center
• o� j 1819 Farnam Street,Suite 1100
��� � Omaha,Nebraska 68183
�A ' �'ry (402)444-5150
Oq'T�AFEBRVr�� Telefax(402)444-6140
Steven N.Jensen,AICP
City of Omaha Director
Mike Fahey,Mayor
June 5, 2007
Honorable President
and Members of the City Council,
The attached proposed Resolution transmits the S & R Development, LLC /Metro OBGYN Tax
Increment Financing Redevelopment Project Plan for the development of an obstetrician and • .
gynecologist medical practice lead by Dr. Jorge Sotolongo. They are engaged in a v.enture to
pursue the physical expansion and the development of the new clinic. The new facility will be
located in a remodeled building at 3213 South 24th Street in Omaha. The objective of the new
clinic is to increase the patient base, the services provided and the physical space for additional
providers; hence helping the Omaha community and a larger geographical region.
The new clinic building will sit on a 1.21-acre site (Lots 3 & 4 South Omaha Medical. Campus);
however, for increasing parking space and facilitating vehicle circulation and traffic, S&R has
executed several contracts by which adjacent property will be available for the new clinic. Dr.
Sotolongo controls all of the land surrounding the S &R project site for the new clinic:
S & R Development, LLC / Metro OBGYN has requested•the approval of TIF as a tool to assist
in financing their project. The construction cost for the project, including the land and medical
equipment, will total $2,187,950. S&R Development estimates the income from the premises to
be approximately $182,000 per year or $15,167 per month. The monthly expenses will include
debt service of approximately $14,900 based upon an assumed interest rate of 8.75%, with •
monthly payments of principal and interest to be amortized over a 15-year period. In addition,
estimated monthly depreciation expense on the building and its equipment will add $3,136 and
$2,950 respectively which results in a net loss to the development and supports the conclusion
that Tax increment Financing is necessary in order to make the project feasible.
S&R Annual expenses and revenue projections for the project indicate that approximately
$38,384 is available as the total amount of annual TIF payment for a period of fifteen (15) years.
The sum was determined by subtracting the current property assessment value of$200,500 and
non-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
I
•
Honorable President
• and Members of the City Council
Page 2
The proposed TIF agreement will be entered into between S&R and the City of Omaha for a
period of fifteen (15) years in an amount that will permit S&R to receive the amount supported
by the increase in valuation. All additional costs in excess of TIF are the responsibility of S&R
Development. All future additions to the building and equipment permanently affixed to the
building or to any separate additional buildings constructed on the property will be the subject of
a separate TIF application for a new or amended project.
Your approval of the S & R Development, LLC / Metro OBGYN Tax Increment Financing
Redevelopment Project Plan for the development of Metro OBGYN, an obstetrician and
gynecologist medical practice including parking inclusive of improvements to the abutting public
rights-of-ways as may be required will provide an opportunity to assist in the rehabilitation of the
site and area.
Your review and approval of the S & R Development, LLC / Metro OBGYN Tax Increment
Financing Redevelopment Project Plan is appreciated.
Sincerely, Referred to City Council for Consideration:
I.irino�\� S. a .07 5 3/-07
Steven N. Jen.en, AI ' Date Mayor's Office Date
Planning Dire.to
Approved as to Funding: Ap ed:
6216_,
Carol A. Ebdon Q Date ert G. Stubbe, P.E. Date
Finance Director U Pu lic Works Director
P:\PLN4\17319ma£doc
Publication of Notice of Public Hearing: June 7th and June 14th, 2007
Public Hearing: June 26, 2007
ing their project. The construction cost for the project, including the land and medical
equipment, will total $2,187,950. S&R Development estimates the income from the premises to
be approximately $182,000 per year or $15,167 per month. The monthly expenses will include
debt service of approximately $14,900 based upon an assumed interest rate of 8.75%, with •
monthly payments of principal and interest to be amortized over a 15-year period. In addition,
estimated monthly depreciation expense on the building and its equipment will add $3,136 and
$2,950 respectively which results in a net loss to the development and supports the conclusion
that Tax increment Financing is necessary in order to make the project feasible.
S&R Annual expenses and revenue projections for the project indicate that approximately
$38,384 is available as the total amount of annual TIF payment for a period of fifteen (15) years.
The sum was determined by subtracting the current property assessment value of$200,500 and
non-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
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2 THOMPSON,DREESSEN &DORNER,INC. SOUTH OMAHA MEDICAL CAMPUS DATE: MAR. 17, 2007
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10836 OLD MILL ROAD OMAHA,NEBRASKA 66154
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W EBSITE:W W W.TD2CO.COM REVISION
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Exhibit "A"
S & R DEVELOPMENT LLC /
METRO OBGYN
3213 SOUTH 24TH STREET
TAX INCREMENT FINANCING
REDEVELOPMENT PROJECT PLAN
MARCH, 2007
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O "`�' '� PLANNING• OMAHA
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Mike Fahey, Mayor City of Omaha Steven N. Jensen, AICP, Director
Planning Department
Omaha/Douglas Civic Center
1819 Farnam Street
Omaha, Nebraska 68183
INTER-OFFICE COMMUNICATION
Date: July 12, 2006
To: Chairman and Members of the Omaha Planning Board
From: Steve Jensen, AICP
Planning Director
Developer: S & R Development LLC/Metro OBGYN
Dr. Jorge Sotolongo, Managing Member
13404 Bedford Avenue
Omaha NE 68164-2491
Project: S & R Development LLC / Metro OBGYN proposal to have a state of the art
expanded family practice clinic and medical facility with doctors, surgeons, a imaging
center, a ophthalmologist with a optic shop and a dentist for assembling a complete
multilingual specialty medical destination at 3213 S 24th Street in South Omaha that will
become a magnet for patients of all heritage and ethnic backgrounds. The project consists
of the acquisition, demolition, renovation and expansion of current facilities to provide a
modern expanded medical practice facility.
The proposed project plan request City support for the project through the authorization
of TIF as an economic development tool that will be utilized to assist in financing TIF
eligible acquisition, site development, renovation and public improvement cost as may be
required.
The project site and area meet the requirements of Nebraska Community Development
Law and qualify for the application and utilization of Tax Increment Financing to cover
cost associated with project development proposals and plans that have been approved.
The Planning Board has previously approved a case relating to the development of the
site to accommodate the project. S&R entered into an agreement for acquiring and
renovating an abandon 8,000 sq ft building sitting on an approximately 25,000 sq ft site
zoned General Commercial. The first step of the project was the approval of a requested
Zoning change from General Commercial (GC) to Community Commercial (CC).
Recommendation: The department recommends approval of the S & R Development
LLC / Metro OBGYN Tax Increment Financing Redevelopment Project Plan proposal to
develop a state of the art expanded family practice clinic and medical facility with
doctors, surgeons, a imaging center, a ophthalmologist with an optic shop and a dentist
for assembling a complete multilingual specialty medical destination at 3213 S 24th Street
in South Omaha. The plan facilitates financing measures required for the completion of
the project through the approval of plan by the Planning Board and City Council.
nue projections for the project indicate that approximately
$38,384 is available as the total amount of annual TIF payment for a period of fifteen (15) years.
The sum was determined by subtracting the current property assessment value of$200,500 and
non-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
CASE: C3-06-171 27
• APPLICANT: S & R Development LLC
REQUEST: Approval of the METRO OB-GYN DR. SOTOLONGO
REDEVELOPMENT PLAN
LOCATION: 3213 S. 24 Street
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Ili 200 0 200 400 Feet
ed family practice clinic and medical facility with
doctors, surgeons, a imaging center, a ophthalmologist with an optic shop and a dentist
for assembling a complete multilingual specialty medical destination at 3213 S 24th Street
in South Omaha. The plan facilitates financing measures required for the completion of
the project through the approval of plan by the Planning Board and City Council.
nue projections for the project indicate that approximately
$38,384 is available as the total amount of annual TIF payment for a period of fifteen (15) years.
The sum was determined by subtracting the current property assessment value of$200,500 and
non-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
S&R DEVELOPMENT LLC TAX INCREMENT FINANCING
REDEVELOPMENT PROJECT PLAN
INTRODUCTION
Metro OBGYN, an obstetrician and gynecologist medical practice lead by Dr. Jorge Sotolongo,
has engaged with S&R Development LLC to pursue the expansion and the development of a new
clinic. The new facility will be located in a remodeled building at 3213 South 24th Street in
Omaha. The objective of the new clinic is to increase the patient's base, the services provided
and the physical space for additional providers; hence helping the Omaha community and a
larger geographical region.
VISION
Metro OBGYN's vision is to have clinic with family practice doctors, surgeons, an imaging
center, an ophthalmologist, a optic shop and a dentist for assembling a complete multilingual
specialty destination in South Omaha that will become a magnet for patients of all heritages and
ethnic backgrounds.
HISTORY&BACKGROUND
Metro OBGYN started in South Omaha in early 2001 by Jorge Sotolongo, M.D., FACOG
(Fellow of the American College of Obstetricians and Gynecologists). Since then, this Hispanic-
oriented medical practice has grown significantly providing outstanding healthcare services to
the Omaha community.
In its early days, there were a handful of people working for Dr. Sotolongo; two nurses, one
billing specialist, and one receptionist. Today the practice has six doctors, with plans to add two
more; six nurses, six billing specialists and five receptionists. Metro OBGYN started at 2323
Vinton Street in Omaha, where it still is today, with absolutely no parking, other than street
parking for its patients.
Although Metro OBGYN has had an increase in patients and team members, the capacity of the
facility has not kept pace with the growth of staff and patients. The team envisioned and
conceived the physical expansion of its clinic in an old and abandoned building located a very
short distance from their current site at 3213 South 24th Street in Omaha. In the fall of 2005,
S&R contracted with a group of architects, engineers and subject matter experts to conduct
exhaustive market research seeking a potential location to develop a real estate commercial
project oriented towards the Hispanic market. The conclusions of this research formed the
planning basis for the Metro OBGYN new clinic.
From 2Y2 days per week, 20 patients per day, today the team of medical professionals takes care
of people 6 days per week, between 35 to 40 patients per day. The team is forecasting between
60 and 90 patients per day with the new facility, which would have nine visiting rooms handled
by at least two providers (doctors).
-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
The new building will not only be better suited for the medical practitioners,but also for patients,
• who would enjoy two full sets of bathrooms and a large foyer with TV/cable entertainment. The
total area of the new building will be about 7,000 sq. ft. The new clinic will hold the latest and
most modern medical equipment, such as six 3D/4D General Electric ultrasound units at a cost of
about $80,000 each.
Metro OBGYN will share the new building with a local hospital in two bays. The new Metro
OBGYN Clinic will use about 3,700 sq. ft. (one bay), compared to the current 1,200 sq. ft. at the
current Vinton Street Clinic.
DEMOGRAPHICS vs. GEOGRAPHY vs. MEDICSTATS
The past and future projected Hispanic population increase in Nebraska, Omaha and Douglas and
Sarpy County are considerable. Currently, Omaha has one of the largest city growths in the state
and so does Douglas County. South Omaha does not escape from this trend. South Omaha will
keep growing due to the multi-heritage influence. The jobs augmented in local companies
convey the need for additional services. Businesses of all kinds and natures are part of this
expansion; and therefore, the need for additional local medical attention is not an option.
Although there has been some development in the South Omaha community in general, medical
infrastructure remains blighted. There is an increased need for medical services of all types.
Currently, the medical practice handles between 40 and 50 deliveries per month. Metro OBGYN
is forecasting between 10 and 20 additional monthly deliveries at the new facility.
Below please find some State of Nebraska statistics that would demonstrate Metro OBGYN's
mission towards the community.
Hispanic population and percent change for states, metros, and counties 1990-2020.
County/MSA 1990 2000 2010 2020 1990-2000 2000-2010 2010-2020
Nebraska 36,969 94,425 153,662 223,409 155% 63% 45%
Omaha,NE--IA MSA 16,737 39,814 72,347 112,660 138% 82% 56%
Douglas County 11,499 30,928 58,249 92,922 169% 88% 60%
Sarpy County 3,424 5,358 8,767 12,325 56% 64% 41%
Sources: US Census(1990,2000)and Woods&Poole Inc. (2010,2020)
Birth Rates: 1999-2000 Average
United States 65
Nebraska 67.5
Douglas 71.7
As seen in the above table, Omaha, as well as Douglas County, are over the U.S. means of birth
rates. These facts hint at the benefits the South Omaha community will receive once the new
clinic is operational.
, which would have nine visiting rooms handled
by at least two providers (doctors).
-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
AREA OF INFLUENCE
The Metro OBGYN team sees patients from within a 30-mile radius, from Omaha to Fremont,
Columbus, Council Bluffs and Nebraska City. The new facility will accommodate more patients
on a daily basis and would also increase the comfort level of the providers, while introducing a
bigger and better-equipped clinic.
NEW CLINIC LOCATION
We have all heard the "101 real estate rule": location, location, location. The new medical
center has a superb location: 3213 South 24th Street in Omaha, a few feet south of the
intersection of 24th and Vinton Street on the east side of 24th Street.
OBGYN MEDICAL TEAM
Jorge Sotolongo, MD
Mark Potter, MD
Norman Ferrer, MD
Stella Washington, PA-C
Ada Ortiz, MD
Yolanda Espejo, PA-C
AREAS OF EXPERTISE
Obstetrics Fertility
Gynecology Ultrasound
Urinary Incontinence Surgery
PROJECT DESCRIPTION
S&R entered into a project agreement to acquire and redevelop an abandoned approximately
8,000 sq. ft. building sitting on approximately 25,000 sq. ft. of ground zoned General
Commercial. The first step of the project, by recommendation of the City of Omaha, was a
zoning change. The Omaha City Planning Board has recommended a zoning change from
General Commercial (GC) to Community Commercial (CC).
Dr. Sotolongo, an Omaha resident who controls the development of this medical project,
conceived the concept for the new clinic currently under construction by S&R. When finished,
S&R would have about 7,000 sq. ft. of medical real estate space, as well as 65 parking stalls
(including 3 handicaps) for its patient and/or clients. A site plan of the proposed buildings,
landscaping, and other features is attached hereto as Exhibit"A".
The parking lot is to be a combination of asphalt and cement, with concrete curbs and gutters.
Although there will not be an emergency room on the site, the facility has been designed to
facilitate physical access to patients. There will be a vehicular drop-off entry within a few feet of
the clinic's main access. The project consists of a one-story building with an approximate height
358 8,767 12,325 56% 64% 41%
Sources: US Census(1990,2000)and Woods&Poole Inc. (2010,2020)
Birth Rates: 1999-2000 Average
United States 65
Nebraska 67.5
Douglas 71.7
As seen in the above table, Omaha, as well as Douglas County, are over the U.S. means of birth
rates. These facts hint at the benefits the South Omaha community will receive once the new
clinic is operational.
, which would have nine visiting rooms handled
by at least two providers (doctors).
-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
TIF Application S&R Development LLC
Tax Increment Financing
AREA OF INFLUENCE
The Metro OBGYN team sees patients from within a 30 mile radius, from Omaha to
Fremont, Columbus, Council Bluffs and Nebraska City. The new facility will
accommodate more patients on a daily basis and would also increase the comfort
working level of the providers; while introducing a bigger and better equipped clinic.
MAP 1
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NEW CLINIC LOCATION
We all have heard about the "101 real estate rule:" location, location, location. The new
medical center has superb location: 2313 South 24th Street in Omaha; few feet south
(East side of 24th Street)from the intersection of 24th Street and Vinton Street.
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n
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Spline Si in gn so
Vinton St _ �( AWood Ave
Hasoall St l (�
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m
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,^_00m
F 11000 ft ni F St
April 06 4
ximate height
358 8,767 12,325 56% 64% 41%
Sources: US Census(1990,2000)and Woods&Poole Inc. (2010,2020)
Birth Rates: 1999-2000 Average
United States 65
Nebraska 67.5
Douglas 71.7
As seen in the above table, Omaha, as well as Douglas County, are over the U.S. means of birth
rates. These facts hint at the benefits the South Omaha community will receive once the new
clinic is operational.
, which would have nine visiting rooms handled
by at least two providers (doctors).
-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
TIF Application S&R Development LLC
Tax Increment Financing
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OBGYN MEDICAL TEAM
Jorge Sotolongo, MD Mark Potter, MD
Norman Ferrer, MD Stella Washington, PA-C
Ada Ortiz, MD Yolanda Espejo, PA-C
AREAS OF EXPERTISE
Obstetrics Fertility
Gynecology Ultrasound
Urinary Incontinence Surgery
CURRICULA VITAE
Dr. Sotolongo's curriculum Vitae can be found in Exhibit "X" of this TIF proposal.
April06 5
sSenoloh St co
Moist St trr
Elm St torf, fi
n
NFtedetiolt St
�J CAn Ave
Spline Si in gn so
Vinton St _ �( AWood Ave
Hasoall St l (�
c, Cu,lew Ln -
m
`sc r
A St op
P�
G.'''''
.' iSnnO ., O r
w
� B St y!
I'oo ^t'.�Q oar Phelps St
J C St Nt. A4
a J'
a `S!
0 0 St ,
E St.
,^_00m
F 11000 ft ni F St
April 06 4
ximate height
358 8,767 12,325 56% 64% 41%
Sources: US Census(1990,2000)and Woods&Poole Inc. (2010,2020)
Birth Rates: 1999-2000 Average
United States 65
Nebraska 67.5
Douglas 71.7
As seen in the above table, Omaha, as well as Douglas County, are over the U.S. means of birth
rates. These facts hint at the benefits the South Omaha community will receive once the new
clinic is operational.
, which would have nine visiting rooms handled
by at least two providers (doctors).
-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
of 22 feet, as shown in the Front Elevation Blueprint (Exhibit "B"). When completed, the new
clinic will accommodate an estimated 35 full-time positions.
EXISTING BUILDING & LAND
The existing building on the property is an old and economically obsolete brick structure. It was
designed as a warehouse to be used for mechanical work. The property has been vacant for
years.
The rectangular shape of the building made it an ideal candidate for a clinic. New and modern
providers' operations are more efficient under the multi-room facility environment. As shown in
the main architectural blueprint (Exhibit "C"), several patients' rooms are built on both sides of a
hallway so providers can see more patients in a timely manner due to the sequential layout and
ability to get a patient ready for a doctor in a specific room, while the doctor has the ability to
check on another patient in a different room.
CONSTRUCTION PROJECT TEAM
The plans and specifications for the site improvements, including the building, have been
prepared by the architectural firm, Avant and by the engineering firm, Thompson, Dreessen &
Dorner, Inc.
Dr. Sotolongo, who also has engineering/construction background experience, has provided
medical input for facility design and equipment infrastructure.
TENANTS
S&R has already engaged in pre-lease activities compromising 100% of the renovated lease
space as follows:
3,700 sq ft for the new clinic Metro OBGYN
3,300 sq ft will be occupied by a local hospital
The term of the leases has been established as a minimum of five (5) years, dated from the day
S&R completes the construction of the building; and assuming occupancy permits have been
granted.
PROJECT PARCEL
The new clinic building sits on a 1.21-acre site; however, for increasing parking space and
facilitating vehicle circulation and traffic, S&R has executed several contracts by which adjacent
properties' space will become available for the new clinic (see Exhibit "D"). Dr. Sotolongo
controls all of the land surrounding the S & R project site for the new clinic. The total land area
compromised by this TIF survey is approximately 55,511 sq. ft.
4% 41%
Sources: US Census(1990,2000)and Woods&Poole Inc. (2010,2020)
Birth Rates: 1999-2000 Average
United States 65
Nebraska 67.5
Douglas 71.7
As seen in the above table, Omaha, as well as Douglas County, are over the U.S. means of birth
rates. These facts hint at the benefits the South Omaha community will receive once the new
clinic is operational.
, which would have nine visiting rooms handled
by at least two providers (doctors).
-eligible TIF expenses from the proposed valuation of the property .as completed of
$2,187,950, for a net valuation increase of approximately$1,938,550.
TIF PROJECT LEGAL:
Legal description of S&R Development LLC tax increment financing boundary
That part of Tax Lots 25 and 26, lying within the southwest quarter of the northwest quarter of
Section 34, Township 15, Range 13, east of the 6th P.M., Douglas County, Nebraska, described
as follows:
Beginning at the northeast corner of said Tax Lot 25; thence south (assumed bearing) 257.40 feet
on the east line of said Tax Lots 25 and 26 to the southeast corner of said Tax Lot 26; thence
west 186.73 feet on the south line of said Tax Lot 26; thence north 35.44 feet; thence west 61.76
feet; thence north 16.25 feet; thence west 18.51 feet to the west line of said Tax Lot 26; thence
north 93.51 feet on the west line of said Tax Lot 26 to the northwest corner thereof; thence east
148.17 feet on the north line of said Tax Lot 26; thence north 112.54 feet to the north line of said
Tax Lot 25; thence east 118.33 feet on the north line of said Tax Lot 25 to the point of beginning.
Containing 55,511 square feet more or less.
MANDATORY CRITERIA:
1. The project is located within a blighted area.
2. The project furthers the objectives of the City of Omaha's Comprehensive Plan as well as
the redevelopment in progress and planned in South Omaha.
3. The use of tax increment financing will not result in a loss of pre-existing tax revenues to
the City or other taxing jurisdictions. All of the revenue, which will be utilized to pay the
tax increment financing assigned note, will come from additional valuation of the site
resulting from the purchase of the ground and the development of the project (S&R); the
January 1, 2006 assessed valuation for the property is $200,500. Construction costs for the
remodeling of the building set forth in Exhibit "I" will total $1,397,700. The construction
cost, equipment permanently affixed to the building, and finish real estate (minus current
building assessment) is $1,938,550, at an assumed tax rate of 2.00000, providing for a TIF
yearly payment of$38,384. The tax received from the increased taxable valuation will be
more than sufficient to support the tax increment financing and will not result in a loss of
existing tax revenue.
4. As set forth above, the project is not economically feasible without the use of tax increment
financing. Based on the projection set forth above, it is reasonable to conclude that the
project would not occur in this area without tax increment financing.
5. The projection will enable the renovation of a vacant building that has been empty for
years. The building was in critical condition before the project started presenting real
hazards to the public due to potential pest infestation and loitering.
DISCRETIONARY CRITERIA
In addition to meeting the mandatory criteria above, the project meets five (5) of the
discretionary criteria set forth in the TIF requirements, which are:
1. The project is located in the blighted Area C -South Omaha.
2. A significant amount of the TIF proceeds will be used for the construction of public
• improvements.
3. The building and site that is to be developed display conditions of blight as established by
Nebraska State Statute.
4. The project involves the start-up of several new businesses or business operations within
the City of Omaha: the hospital (tenant) will host several different medical practices within
the rental area.
5. The project will directly benefit low- and moderate-income people, as defined by the
Community Block Grant Program.
5.1 Over 51% of the jobs created will be held by or be available to low- and moderate-income
people.
TAX INCREMENT FINANCING
The Tax Increment Financing Boundary is attached hereto as Exhibit "G", and by this reference
made a part hereof. The total cost of construction and improvements is $2,187,950.
Total project costs include construction, equipment, and land value; according to the following
matrix:
ITEM COST
Land Acquisition $210,000
Construction Costs $1,397,700
Medical Equipment $540,850
Other Equipment $39,400
TOTAL $2,187,950
FINANCING PLAN DEVELOPMENT
SOURCES OF FUNDS AND LOAN TERMS
S&R has obtained a construction loan commitment to finance the cost of the land and the
construction of the improvements on the property. Peoples National Bank, a subsidiary of
American National Bank of Omaha, has issued the commitment letter for $800,000. Said
financing will be in the amount of $800,000. The construction loan may increase or decrease,
depending upon circumstances relative to the construction of the project. It is anticipated that the
interest rate on the loan will be a formula based upon prime. S&R and/or its members will
provide any shortfall in the financing of the development relative to the cost or the appraised
value of the project.
Upon completion of the construction of the improvements on the property, S&R anticipates
obtaining a long-term permanent loan. It is anticipated that the interest rate will be based on a
low floater or a fixed interest rate amortization, depending upon financing terms available at the
time of closing. The mortgage will be amortized over a fifteen (15) or twenty (20) year period.
financing. Based on the projection set forth above, it is reasonable to conclude that the
project would not occur in this area without tax increment financing.
5. The projection will enable the renovation of a vacant building that has been empty for
years. The building was in critical condition before the project started presenting real
hazards to the public due to potential pest infestation and loitering.
DISCRETIONARY CRITERIA
In addition to meeting the mandatory criteria above, the project meets five (5) of the
discretionary criteria set forth in the TIF requirements, which are:
1. The project is located in the blighted Area C -South Omaha.
S&R has obtained a loan from a solid financial institution. All of the committed financing,
• including TIF, is required for completing the project.
COSTS AND REVENUES
The construction cost for the project, including the land and medical equipment, will total
$2,187,950. S&R estimates the income from the premises to be approximately $182,000 per
year or $15,167 per month. The monthly expenses will include debt service of approximately
$14,900 based upon an assumed interest rate of 8.75%, with monthly payments of principal and
interest to be amortized over a 15-year period. In addition, S&R estimates that the monthly
depreciation on the building and its equipment will add $3,136 and $2,950 respectively. This
results in a net loss to S&R. Therefore, tax increment financing is necessary in order to make the
project feasible. Annual expenses and revenue projections for the project indicate that
approximately $38,384 is available as the total amount of annual TIF payment for a period of
fifteen (15) years. The $38,384 sum was determined by subtracting the current property
assessment value of $200,500 from the proposed valuation of the property as completed at
$2,187,950, for a net valuation increase of$1,938,550. A projected TIF loan amount is based
upon the property's net assessed value (i.e., $1,938,550) multiplied by an expected levy of
2.00000.
It is proposed that a TIF agreement will be entered into between S&R and the City of Omaha for
a period of fifteen (15) years and that the TIF will be in an amount that will permit S&R to
receive money from a loan assignment in the amount of$294,332 pertaining to the proposed TIF
payments. All additional costs in excess of$294,332, whether computed monthly or as a lump
sum, are the responsibility of S&R Development. All future additions to the building and
equipment permanently affixed to the building or to any separate additional buildings
constructed on the property that alter the initial project will be the subject of a separate TIF
agreement for a new fifteen (15)year term.
S&R will enter into an agreement not to protest any assessment or tax mill levy of the land,
building, and equipment permanently affixed to the building described in this TIF proposal,
which would result in a real estate tax payment of $38,384 per year, at such time that the
construction of the initial building as shown on Exhibit "A" is completed, and is subject to full
assessment for real estate tax purposes.
As shown in Section D, the expenses from the project will exceed the income. As a result,
without the tax increment financing, the project will experience a loss throughout the fifteen (15)
year period. As a result of tax increment financing, the project will show a positive cash flow.
The owner will receive an average rate of return of 0.65% per annum based on the income,
expense, debt service and TIF investment. Without the tax increment financing, the losses are
such that the project would not proceed.
COST BENEFIT ANALYSIS:
The request meets the necessary requirements for consideration. Contingent on the number of
individuals attracted to the area and utilizing the facilities, significant new full- and part-time
positions will be created targeted to low- and moderate-income persons. The site is in an area
that meets the requirements for designation and is designated substandard and blighted. The TIF
proceeds are to be used to coverpublic improvement costs with the remaining balance of the TIF
P
to be used for project specific eligible costs. The site was vacant with marginal tax value, as the
property was underutilized and needed development. The project will bring new businesses to
this area of South Omaha. The site was not being utilized at the fullest and best economic use.
The use of tax increment financing will not result in tax shifts. The current level of taxes will
continue to flow to the current taxing entities and only the increased value of revenue resulting
from the improvements will be applied to the cost of the improvements. No community public
service needs will be generated as a result of this project. The proposed TIF will be used to
offset acquisition, demolition, and public improvement costs as may be required and to defray
site development costs, which are eligible activities. The development of this site will provide
employment. This commercial development will impact other businesses, as there will be an
increase in the demand for employees to fill the employment opportunities created. The
elimination of the substandard and blight conditions and the provision of new employment
opportunities will increase economic opportunities. The development will cause an increase in
traffic in this area; however, it will cause a corresponding reduction in traffic in other areas by
providing employment and the delivery of services, which will reduce the outflow of people and
dollars from the area. The current street system is able to accommodate the development. The
creation of new businesses, the creation of new employment opportunities and the delivery of
services justify the cost associated with the project. The long-term benefits resulting from the
elimination of the substandard and blight condition and the increase in the tax base resulting
from the development are other valid justifications to provide assistance to the project.
As important as the creation of new employment opportunities is, the improvement of the local
architecture and infrastructure and the stimulus of private investment needed by the local
economy, S&R Development LLC has designed and is building this new medical facility based
on the needs of the Omaha community.
ses.
As shown in Section D, the expenses from the project will exceed the income. As a result,
without the tax increment financing, the project will experience a loss throughout the fifteen (15)
year period. As a result of tax increment financing, the project will show a positive cash flow.
The owner will receive an average rate of return of 0.65% per annum based on the income,
expense, debt service and TIF investment. Without the tax increment financing, the losses are
such that the project would not proceed.
COST BENEFIT ANALYSIS:
The request meets the necessary requirements for consideration. Contingent on the number of
individuals attracted to the area and utilizing the facilities, significant new full- and part-time
• Project: S&R Development
A.K.A. Metro OBGYN Clinic
Building Sq. Ft. 7,000
Cost x Sq. Ft. $200
TASK DESCRIPTION ESTIMATE COST
Engineering& Architectural Costs
Architectural Design $79,000
Structural Engineering Design $6,500
Surveys +replat (including fees) $2,600
Blue Prints $500
Permits/Fees $3,700
Indirect& Supervision $24,000
Temp. Services (includes equip.)
Temporary bathroom services $1,750
Electricity $4,000
Water $3,000
Heating $2,750
Temporary services instal. $2,500
Dismantling Costs
Demolition $34,600
Clean-up $2,500
Construction Costs
Earthwork $12,750
Exterior Paving $28,000
Concrete Curb & Gutter $18,000
Interior Concrete & Concrete Repair $28,000
Exterior concrete $85,000
Floor Coverings $54,000
Misc. Steel Erection $1,500
Steel Building Addition $12,300
Framing, Drywall & Ceilings $72,000
Doors, Frames & Hardware $15,400
Aluminum, Glass & Glazing $16,000
Electrical $70,000
Plumbing $72,000
Painting $21,000
Toilet Accessories $2,750
Exterior Building Upgrades (Plug) $54,000
Footings &Foundations $17,000
Caulking & Sealants $4,000
Carpentry Labor $68,000
Metal roof $51,000
Wall Coverings (EFIS - stone) $42,000
conomic opportunities. The development will cause an increase in
traffic in this area; however, it will cause a corresponding reduction in traffic in other areas by
providing employment and the delivery of services, which will reduce the outflow of people and
dollars from the area. The current street system is able to accommodate the development. The
creation of new businesses, the creation of new employment opportunities and the delivery of
services justify the cost associated with the project. The long-term benefits resulting from the
elimination of the substandard and blight condition and the increase in the tax base resulting
from the development are other valid justifications to provide assistance to the project.
As important as the creation of new employment opportunities is, the improvement of the local
architecture and infrastructure and the stimulus of private investment needed by the local
economy, S&R Development LLC has designed and is building this new medical facility based
on the needs of the Omaha community.
ses.
As shown in Section D, the expenses from the project will exceed the income. As a result,
without the tax increment financing, the project will experience a loss throughout the fifteen (15)
year period. As a result of tax increment financing, the project will show a positive cash flow.
The owner will receive an average rate of return of 0.65% per annum based on the income,
expense, debt service and TIF investment. Without the tax increment financing, the losses are
such that the project would not proceed.
COST BENEFIT ANALYSIS:
The request meets the necessary requirements for consideration. Contingent on the number of
individuals attracted to the area and utilizing the facilities, significant new full- and part-time
HVAC Finish $65,000
Building Insulation $8,000
Ceilings $18,500
Gas infrastructure $16,000
Green Areas
Landscaping $96,000
Irrigation $5,000
Miscellanous
Contractor's Fee $261,500
Final cleanup $2,500
Contingencies $12,500
Builders Risk Insurance $600
TOTAL CONSTRUCTION COST $1,397,700
Medical Equipment:
GE Ultrasound machines
Electrosurgical System 1,000 Wrokstation
Wallmount flat screen/ flat panel monitors
X Rays room
3D/4D
LEEP
Monitor
Miscellaneous Equipment:
Furniture reception
Kitchen equipment
Computers
Phone system
NOTE: All described equipment that is attached to building structure is classified as real
property.
INVESTMENT COST SUMMARY
Item cost:
Land Acquisition $210,000
Construction Costs $1,397,700
Medical Equipment $540,850
Other Equipment $39,400
TOTAL $2,187,950
Future Property Assessed Value $2,187,950.00
Current Property Assessed Value $200,500.00
Assess Value Increment x Property Tax Purposes $1,938,550.00
Construction Cost $1,397,700.00
Equipment Cost (Fixed to Building) $540,850.00
Property Tax Levy (Douglas County) 2.00000
$4,000
Carpentry Labor $68,000
Metal roof $51,000
Wall Coverings (EFIS - stone) $42,000
conomic opportunities. The development will cause an increase in
traffic in this area; however, it will cause a corresponding reduction in traffic in other areas by
providing employment and the delivery of services, which will reduce the outflow of people and
dollars from the area. The current street system is able to accommodate the development. The
creation of new businesses, the creation of new employment opportunities and the delivery of
services justify the cost associated with the project. The long-term benefits resulting from the
elimination of the substandard and blight condition and the increase in the tax base resulting
from the development are other valid justifications to provide assistance to the project.
As important as the creation of new employment opportunities is, the improvement of the local
architecture and infrastructure and the stimulus of private investment needed by the local
economy, S&R Development LLC has designed and is building this new medical facility based
on the needs of the Omaha community.
ses.
As shown in Section D, the expenses from the project will exceed the income. As a result,
without the tax increment financing, the project will experience a loss throughout the fifteen (15)
year period. As a result of tax increment financing, the project will show a positive cash flow.
The owner will receive an average rate of return of 0.65% per annum based on the income,
expense, debt service and TIF investment. Without the tax increment financing, the losses are
such that the project would not proceed.
COST BENEFIT ANALYSIS:
The request meets the necessary requirements for consideration. Contingent on the number of
individuals attracted to the area and utilizing the facilities, significant new full- and part-time
Gross Income:
Annual Rental Income from Tenants $182,000.00 $15,166.67
Operating Expenses:
Structure Maintenance expense $9,100.00
Equipment Maintenance Expense $16,225.50
Miscellaneous Expense $5,460.00
Total Operating Expenses $30,785.50
Operating Income $151,214.50
Other Expenses:
Debt Service (Prin+Int; 8.75%; 15 yrs; $800,000) $113,937.00
Equip. Payment (Prin+Int; 8.75%; 15 yrs; $540,850) $64,866.22
Equipment Depreciation(7 Years) $35,403.00
Building Depreciation (39 years) $37,633.00
Total Other Expenses $251,839.22
Net Earnings (Loss) Before Income Taxes $(100,624.72)
Add Back Depreciation $73,036.00
Cash Flow before TIF and Income Taxes $(27,588.72)
Annual Tax Increment Payment $38,384.00
Cash Flow Starting After TIF $14,107.59
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OMAHA CITY PLANNING DEPARTMENT
• RECOMMENDATION REPORT
June 17,2005
Case Number: C10-05-171
Applicant: Dr.Sotolongo
Request: Approval of rezoning from R7-Medium Density Multi-Family Residential District and
GC-General Commercial District to CC-Community Commercial District.
Location: 3213 South 24th Street
GENERAL INFORMATION
Purpose: To consolidate the zoning to one appropriate base district.
Existing Zoning: R7,Medium-Density Multi-Family Residential and GC,General Commercial
Proposed Zoning: CC,Community Commercial
Existing Land Use: Medical Office,Retail Sales,Restaurant,Single-Family Residential
Adjacent Land Use and Zoning:
North Commercial CC
South Single-family residential/Commercial R7/GC
East Commercial GI
West Multi-family and Single-family residential R7
Zoning History: ZBA #05-076,A Waiver of Sec. 55-716 and 740(f)-Variance to the required
bufferyard between GC and R7 from 30'to 20' on the east side,5' on the south side and 0' on the
north and to the perimeter landscaping from 5' to 0' to construct a parking lot for a medical office
was approved on May 19,2005 with the condition that the applicant apply for rezoning from GC to
CC within 30 days.
C3-01-147, C3-01-148, C10-01-152, A Redevelopment Plan and Rezoning from R5 and GC to CC for
property Northeast of 24th and Vinton Streets were approved by City Council on September 25,
2001.
Future Land Use Plan Designation: Office/Commercial
Applicable Regulations:
Sec.55-716(a)requires that when the use in a more intensive district has a common lot line with a
less intensive zoning district,a bufferyard is required.The property has common lot lines with
property in the R7 zoning district,requiring bufferyards of 20'feet on the east and south sides.
However,the applicant received a waiver of these requirements,with a reduced bufferyard of 5' to
be installed on the south side.
Sec. 55-718(c)(2)provides that one(1)tree be planted for every 500 square foot of required
landscape area. 6 trees are required within the bufferyard on the east side of the property,1 tree
planting is required within the south side bufferyard.
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Recommendation Report
C10-05-171
Page 2
Sec.55-740(g)Any parking facility which abuts a property in a residential district shall provide a
fence,wall or landscape screen not less than four feet in height for the length of the common.
boundary.
' No building permit will be issued based upon a site plan that does not comply with the
provisions of the Zoning Ordinance. Approval of the rezoning by the Planning Board and City
Council does not include or imply an acceptance of the site plan for permit purposes.
II. SPECIAL INFORMATION
Site Characteristics: The area proposed for rezoning consists of eight developed lots,including
two lots zoned R7 with existing single-family homes and five lots zoned GC with commercial and
office uses.
Development Proposal: The applicant is proposing to rehabilitate an existing commercial building
on 24th Street for use as a medical office with plans for possible redevelopment of the surrounding
property.
Public Improvements:Generally,all public improvements are in place. However, the parking
spaces on the north side of the property that encroach into the Vinton Street right-of-way must be
removed.
Land Use and Planning: The Master Plari s Future Land Use Map designates the western portion
of this area for office and commercial uses,those lots currently zoned R7 are designated for low-
density residential uses. However,the entirety of the site is designated by the Future Land Use
Map for mixed-use development. In this part of the City(Zone A),rezoning application fees are
waived.
III. ANALYSIS
This request is consistent with the City's Master Plan.
IV. RECOMMENDATION
Approve the rezoning from R7 and GC to CC.
ith
property in the R7 zoning district,requiring bufferyards of 20'feet on the east and south sides.
However,the applicant received a waiver of these requirements,with a reduced bufferyard of 5' to
be installed on the south side.
Sec. 55-718(c)(2)provides that one(1)tree be planted for every 500 square foot of required
landscape area. 6 trees are required within the bufferyard on the east side of the property,1 tree
planting is required within the south side bufferyard.
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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 5 S/d7
RECEIVED B �lY G1 c S
tARLINGMA.DE.� 8
GATE MAILED Lo) 7l o 7
0MAHA, N4
F l 6
Cityo Omaha Nebras a �..1. _!.►;
1819 Farnam—Suite LC 1 ® `�� j�V
Omaha, Nebraska 68183-0112 •0� ��-4_4„, -'
Buster Brown (402) 444-5550 .o ti'
City Clerk FAX (402) 444-5263 O4TFp FEBRA
NOTICE TO TAXING AUTHORITY
NOTICE OF PUBLIC HEARING ON THE S & R DEVELOPMENT, LLC/METRO
OBGYN TAX INCREMENT FINANCING REDEVELOPMENT PROJECT PLAN
Notice is hereby given that the Omaha City Council has set Tuesday, June 26, 2007 at
2:00 p.m. as the date of Public Hearing on the S & R Development, LLC/Metro OBGYN
Tax Increment Financing Redevelopment Project Plan.
The S & R Development, LLC/Metro OBGYN Tax Increment Financing Redevelopment
Project Plan is approximately 1.21 acres located at 3213 South 24th Street. The
Redevelopment Plan is located within an area declared blighted and substandard and in
need of redevelopment by the City Council by Resolution 1077, adopted April 1, 1980
and re-certified in 1985 and 1992.
The S & R Development, LLC/Metro OBGYN Tax Increment Financing Redevelopment
Project Plan proposes the development of an obstetrician and gynecologist medical
practice.
The plan proposes the use of Tax Increment Financing of $38,384 annually for a period
of 15 years. The total project cost is estimated to be $2,187,950.00. A copy of said
plan is available for public inspection in the City Clerk's Office.
Public Hearing will be held before the City Council of the City of Omaha, in the
Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha,
Nebraska.
Buster Brown
City Clerk
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3213 S. 24th Street
Subject Property is Shaded
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Chairperson
Omaha/Douglas Public Building Commission MAILING LIST RECEIVED 5 S/d7
RECEIVED B �lY G1 c S
tARLINGMA.DE.� 8
GATE MAILED Lo) 7l o 7
C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
WHEREAS, the primary objectives of the City of Omaha's Master Plan and
Community Development Program are to encourage additional private investment and infill
development within inner-city neighborhoods; and to eliminate conditions which are detrimental
to public health, safety and welfare, by developing vacant, underutilized property within these
neighborhoods; and,
WHEREAS, the approximately 1.21-acres, (Lots 3 & 4 South Omaha Medical
Campus) S & R Development, L.L.0 Redevelopment Area is located at 3213 South 24th Street
(see Attachment 1 for complete legal description); and,
WHEREAS, this Redevelopment Plan is located within an area previously
declared "blighted and substandard and in need of redevelopment" by City Council Resolution
No. 1077 adopted April 1, 1980 and recertified on June 4, 1985 by Resolution No. 1528 and
again recertified by Resolution No.1445 June 1992; and
WHEREAS, the S. & R Development, L.L.0 Tax Increment Financing
Redevelopment Project Plan for the S & R Development, L.L.0 / METRO OBGYN
Redevelopment Project to develop an Obstetrician and Gynecologist Medical Clinic lead by Dr.
Jorge Sotolongo who has engaged with S&R Development LLC to pursue the physical
expansion and the development of the new clinic as described in Exhibit "A", attached hereto
and made a part hereof; and,
WHEREAS, the S & R Development, L.L.0 Tax Increment Financing
Redevelopment Project Plan for the S & R Development, L.L.0 / METRO OBGYN
Redevelopment Project provides for the use of Tax Increment Financing for acquisition, public
improvement,renovations and eligible project specific site development costs; 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
•
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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 S & R Development, L.L.0 Tax Increment Financing
Redevelopment Project Plan for the S & R Development, L.L.0 `/ METRO OBGYN
Redevelopment Project Plan was approved by the City of Omaha Planning Board on July 12,
2006.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OMAHA:
THAT, the attached S & R Development, L.L.0 / METRO OBGYN Tax
Increment Financing Redevelopment Project Plan, prepared by the Omaha City Planning
Department, containing a provision.for the division of ad valorem taxes under Section 18-2147
through 18-2150, Revised Statutes of Nebraska, be and hereby is approved as the
Redevelopment Plan for the S & R Development, L.L.0 / METRO OBGYN Redevelopment
Project Area for the Medical Clinic to be located at 3213 South 24th Street.
APPRO I► AS TO F• '_,' •
CITY ATTORNE D. TE
P:\PLN4\8488sap.doc
By..../.04 .. . ..... ..‘4444.
uncilmember
Adopted JU 2 6 2007 -Q- / /g15,
City Clerk
Approved. .:1'!" �. 1/'0,
Mayor
& R Development, L.L.0 Tax Increment Financing
Redevelopment Project Plan for the S & R Development, L.L.0 / METRO OBGYN
Redevelopment Project provides for the use of Tax Increment Financing for acquisition, public
improvement,renovations and eligible project specific site development costs; 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
•
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"NOTICE TO PUBLIC' THE DAILY RECORD
NOTICE OF PUBLIC HEARING ON THE ��//�����
S&R DEVELOPMENT,LLC/METRO OF OMAHA
OBGYN TAX INCREMENT FINANCING
REDEVELOPMENT PROJECT PLAN RONALD A. HENNINGSEN, Publisher
. Notice is hereby given that the Omaha
City Council has set the t June28, PROOF OF PUBLICATION
2007 att 2:00 p.m. ass the date offPublic
Hearing on the S & R Development,
Redevelop Tax Increment Financing UNITED STATES OF AMERICA
Redevelopment ant Pr Project Plan. ,
The S & R Development, LLC/Metro The State of Nebraska,
OBGYN Tax Increment Financing SS.
Redevelopment Project' Plan is District of Nebraska,
approximately 1.21 acres located at 3213 Countyof Douglas,
South 24th Street. The Redevelopment Plan g
is located within an area declared blighted City of Omaha,
and substandard and in need of
redevelopment by the City Council by
Resolution 1077, adopted April 1, 1980 and J.BOYD
re-certified in 1985 and 1992.
The S & R Development, LLC/Metro being duly sworn,deposes and says that she is
OBGYN Tax Increment Financing
Redevelopment Project Plan proposes the LEGAL EDITOR
development of an obstetrician and
gynecologist medicalpractice. use of Tax
Thea plan proposes theof THE DAILY RECORD, of Omaha, a legal newspaper, printed and
Increment Financing of$38,384 annually for published daily in the English language, having a bona fide paid
a period of 15'years. The total project cost is
estimated to be $2,187,950.00. A copy of circulation in Douglas County in excess of 300 copies, printed in
said plan is available for public inspection in Omaha,in said County of Douglas,for more than fifty-two weeks last
the City Clerk's Office.
Public Hearing will be held before the City past; that the printed notice hereto attached was published in THE
Council of the City of Omaha, in the
Legislative Chambers, Omaha/Douglas Civic DAILY RECORD,of Omaha,on
Center, 1819 Farnam Street, Omaha,
Nebraska. • June 7 and 14 , 2007
BUSTER BROWN,
City Clerk
ALL REQUESTS FOR SIGN LANGUAGE
INTERPRETERS(SIGNERS) WILL REQUIRE A
MINIMUM OF 48 HOURS ADVANCE NOTICE.
IF ALTERNATIVEQUESTSWILLFORMATS IR ARE NEEDED �„c'V'' - • 7r aper during that time wl egularly published and
ALL REQUESTS REQUIRE A MINIMUM Th•
OF 72 HOURS ADVANCE NOTICE. ink.` .rlhl �y t in the County of Do and State of Nebraska.
PLEASE NOTIFY TAMMY BIODROWSKI - 1
444.5553,IF ARRANGEMENTS NEED TO BE if cJ .••t_RAL
MADE. Q-..'C., 1 ♦ i
h6-7&14-07 ' / �. �� •'.* `� Subscribed in 'presence and sworn to before
t' j Putilishe64,1* N$ 5 51 me this / 14th •ay of
• axe�� ouglas County,
• / / 0 7
��:�ditjonal C•
gqoyyp-�ie��•�� AINHOr
%%%% STATE 13 � 7�'I , ,' r if
� � "' I.
trtate of Nebraska
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I "NOTICE TO PUBLIC"
NOTICE OF PUBLIC HEARING
ON THES&RProof of publication
DEVELOPMENT,LLC/METRO
OBGYN TAX INCREMENT
FINANCING •
j REDEVELOPMENT PROJECT.
It`E PLAN
Notice is hereby given that
the Omaha.as
Cothe ncildate
has
of AFFIDAVIT
set Tuesday,June 26,2007
at2:00p.m.azthedateofi
Public Hearing on the S&R
Development, LLC/Metro
OBGYN Tax Increment
Financing Redevelopment
Project Plan.
The S & R Development, State of Nebraska, Douglas,County of ss:
LLC/Metro OBGYN Tax
Increment Financing
Redevelopment Protect Plan
is approximately 1.21 acres
located at 3213 South 24th
Street. The Redevelopment
Plan is located within an
i 'area declared blighted and
substandard and in need of
redevelopment by the City
Council by Resolution 1077. Joyce Sawatzki,being duly sworn, deposes and says that he/she is an employee
adopted April 1 1980 and re-
certified in 1985 and 1992.
The S & R Development, of The Omaha World-Herald, a legal daily newspaper printed and published in
LLC/Metro OBGYN Tax
Increment Financing
Redevelopment Project Plan the county of Douglas and State of Nebraska, and of general circulation in the
proposes the development
of an obstetrician and
gynecologist medical practice. Counties of Douglas, and Sarpy and State of Nebraska, and that the attached
The plan proposes the use
of Tax Increment Financing printed notice was published in the said newspaper on the 7 & 14 days of June
of 438,384 annually for a
period of 15 years. The I
total project cost is 2007,and that said newspaper is a legal newspaper under the statutes of the State estimated to be �
52,187,950.00.A copy of said
Ian Is available for public
plan
k's Ion in the City of Nebraska. The above facts are within my personal knowledge. The Omaha
Cbeore"theiCit Councileo 1 World-Herald has an average circulation of 188,248 Daily and 235,161 Sunday,
the City of Omaha, in the
Legislative Chambers.
Omaha/Douglas Civic in 2007.
Center,1819 Farnam Street,
Omaha,Nebraska.
Buster Brown
City Clerk
ALL REQUESTS FOR SIGN
LANGUAGE INTERPRETERS
(SIGNERS)WILL REQUIRE A
MINIMUM OF 48 HOURS rI/ ,A(v
ADVANCE NOTICE. (Signed) +`,,t, 0A. V / \ Title:Account Executive
IF ALTERNATIVE FORMATS `
ARE NEEDED ALL REQUESTS
WILL REQUIRE A MINIMUM
OF 72 HOURS ADVANCE
NOTICE.
PLEASE NOTIFY TAMMY BIODROW - EE Subscribed in my presence and sworn to before me this 11 `" day of
IF ARRANGEMENTS NEED
�I'O ,2007.
BE MADE
•
•
777-
tary Public
:�. GENERAL NOTARY-State of Nebraska
KIMBERLY M.HANSEN
My Comm.Exp.May 11,2011
Printer's Fee$
Affidavit
Paid By
� � "' I.
trtate of Nebraska
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