ORD 37587 - PO to CCL&B Inc to convey lots 7 and 8 Stockyard Business Park i OMAHA A,4
4' -�r/4., 1 Planning Department
rti "figw� RECEIVED
Omaha/Douglas Civic Center
r i At II: 24 1819 Farnam Street,Suite 1100
�� ', r •! F � j i �' Omaha,Nebraska 68183
a, ry (402)444-5150
��+ j 4i Telefax(402)444-6140
�q'TEA FEBRV��� C r r 1r I
<<r Steven N.Jensen,AICP
City of Omaha I t Director
Mike Fahey,Mayor December 5 , 2006
Honorable President
and Members of the City Council
The attached Ordinance approves a Purchase Agreement Amendment with CCL&B, Inc., a
Nebraska Corporation, 4444 South 108`1' Street, Omaha, Nebraska 68137, for the City to convey
Lots land 8, Stockyards Business Park (as shown on the attached map).
Subsequent to execution and approval.by the City Council of the Purchase Agreement and
Ordinance, the City and the Buyer determined it is in,the mutual interest of both parties to amend
the Purchase Agreement to provide for closing of the sale of the property at a mutually agreed
time, not contingent to a redevelopment agreement as required in the original Purchase
Agreement. This amendment will allow,for sale of the property while obligating the Buyer to
finalize a Redevelopment Agreement which must be approved by the City Council. All other
provisions of the original Purchase Agreement shall remain in force.
The sale proceeds will reimburse the City for a portion of the cost of public improvements. 1
Proceeds will be paid to the 2006 Community .Development Block Grant, Fund 13459,
Organization No. 129132.
Your favorable consideration of,this Ordinance is requested.
Respectfully submitted, Referred to City Council for Consideration:
.5V ---.._____ • // 3— oL- ii. i 1 ei k. ,*--
Steven N. Jensen, CP/ Date Mayor's Office 'Date
Planning Di r
P:\PLN4\7476sap.doc '
•
the printed notice hereto attached was published in THE
'providing for the effective date hereof.
PASSED: December 19, 2006,6-0 I DAILY RECORD,of Omaha,on
'APPROVED BY: -
DANIELJ.WELCH 12/21/06 , December 27 , 2006
'ACTING MAYOR OF
THE CITY OF OMAHA • '
l BUSTER BROWN,
City Clerk,
17-77-nR
Th ' dhl per during that time was regularly published and
in *plc' the County of Do �'as, : r d State of Nebraska.
r GIN a� r
NpTARY t* Subscribed in 1,y presence and sworn to before
y' COMMIS
blisher's ' leRES$ 3 8• 0 me this 2 7 th day of
A 'tip al p) " P Q D c em e r 20�6
Tq lEttil NE Not ry tan/ ouglas County,
i S ate of Nebraska
t
f
• ate of Nebraska
, 6;?°.. . 5 0
sT ATE Or � Notary Public i o ,,_:.. '.unty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
ORDINANCE NO. 5f
AN ORDINANCE approving a Purchase Agreement Amendment which amends an Agreement
approved by the City Council of the City of Omaha on October 24, 2006, by Ordinance
No. 37508, between the City of Omaha and CCL&B, INC., 4444 South 108th Street,
Omaha, Nebraska 68137 for the sale of City-owned real property; legally described as
Lots 7 and 8, Stockyards Business Park, an addition to the City of Omaha, as surveyed,
platted and recorded, in Douglas County, Nebraska; such Amendment allows the City to
convey said property at a mutually agreeable time, subject to the City's interest to
reacquire the property if CCL&B, INC. does not satisfy certain conditions, and to provide
the effective date hereof.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
Section 1. Notwithstanding any portion of the Omaha Municipal Code to the contrary,
the attached Amendment to a Purchase Agreement with CCL&B, INC., is hereby approved and
the Mayor is hereby authorized to execute, and the City Clerk to attest any documents necessary
or appropriate to consummate the described transaction, including, conveying the property
legally described as Lots 7 and 8, Stockyards Business Park, an addition to the City of Omaha, as
surveyed,platted and recorded, in Douglas County, Nebraska, under the terms stated therein.
Section 2. Upon completion of the conditions in the attached Purchase Agreement
Amendment, the Mayor of the City of Omaha is hereby authorized and empowered to execute a
Warranty Deed to said property, and the City Clerk to attest the same to CCL&B, INC., a
Nebraska Corporation, for the sum of Five Hundred Thousand and No/100 Dollars
($500,000.00).
ance is requested.
Respectfully submitted, Referred to City Council for Consideration:
.5V ---.._____ • // 3— oL- ii. i 1 ei k. ,*--
Steven N. Jensen, CP/ Date Mayor's Office 'Date
Planning Di r
P:\PLN4\7476sap.doc '
•
the printed notice hereto attached was published in THE
'providing for the effective date hereof.
PASSED: December 19, 2006,6-0 I DAILY RECORD,of Omaha,on
'APPROVED BY: -
DANIELJ.WELCH 12/21/06 , December 27 , 2006
'ACTING MAYOR OF
THE CITY OF OMAHA • '
l BUSTER BROWN,
City Clerk,
17-77-nR
Th ' dhl per during that time was regularly published and
in *plc' the County of Do �'as, : r d State of Nebraska.
r GIN a� r
NpTARY t* Subscribed in 1,y presence and sworn to before
y' COMMIS
blisher's ' leRES$ 3 8• 0 me this 2 7 th day of
A 'tip al p) " P Q D c em e r 20�6
Tq lEttil NE Not ry tan/ ouglas County,
i S ate of Nebraska
t
f
• ate of Nebraska
, 6;?°.. . 5 0
sT ATE Or � Notary Public i o ,,_:.. '.unty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
ORDINANCE NO. (.3�'��1
PAGE -2-
Section 3. That this Ordinance, not being legislative in character, shall take effect upon
the date of its passage in accord with Section 2.12 of the Omaha Municipal Code.
INTRODUCED BY COUNCILMEMBER
1,0„,„, qtAida- APPROVED BY:
ACTING MAYOR OF THE ITY OF OMAHA BATE
PASSED: DEC 1 9 2006 �— D
ATTEST:
42.
TY CLERK OF-THE CITY OF OMAHA DATE
APPROVED BY:
2j
-. l/S i\ �1 0�
�S
CITY ATTORNEY )AE
P:\PLN4\7477sap.doc
. .
....,,,.., •
/ i / •, • g
1
I
EHRHART pLq NNENGING
GRIFFIN do IN
•LAND SURVEYING 14TH STREET PUBLIC IMPROVEMENTS- REMOVALS
ASSOCIATES •ENG NEERING 9-13-06
PURCHASE AGREEMENT AMENDMENT
THIS AMENDMENT amends the Purchase Agreement (hereinafter referred to as "the
Agreement") between the City of Omaha, a Municipal Corporation in Douglas County, Nebraska
(hereinafter referred to as the "City") and CCL&B, a Nebraska Corporation (hereinafter referred
to as "Buyer") which was approved by the City Council on October 24, 2006, by Ordinance No.
37508.
RECITALS
WHEREAS, the Agreement provided for sale of Lots 7 and 8, Stockyards Business Park
(hereinafter referred to as "The Property")pursuant to a redevelopment proposal; and,
WHEREAS, subsequent to execution and approval by the City Council of the Purchase
Agreement and Ordinance, the City and the Buyer have determined it is in the mutual interest of
both parties to amend Section 4.b. of the agreement to provide for closing of the sale at a
mutually agreed time, not contingent to an approved redevelopment agreement; and,
WHERERAS, with the exception of those changes providing for closing of the sale being
not contingent on approval of a Redevelopment Agreement between the parties by the City
Council of the City of Omaha, the parties contemplate that all other terms, conditions and
requirements in the Purchase Agreement approved by the City Council on October 24, 2006, by
Ordinance No. 37508, shall remain the same and shall remain in full force and effect; and,
WHEREAS, it is in the best interest of the City of Omaha and its residents to enter into
this Purchase Agreement Amendment with the Buyer to insure the successful completion of the
worthwhile development project in the Stockyards Business Park contemplated by the
Agreement.
NOW, THEREFORE, IN CONSIDERATION OF THESE MUTUAL COVENANTS,
the City and the Buyer do hereby agree that the Agreement shall be amended as follows:
.5V ---.._____ • // 3— oL- ii. i 1 ei k. ,*--
Steven N. Jensen, CP/ Date Mayor's Office 'Date
Planning Di r
P:\PLN4\7476sap.doc '
•
the printed notice hereto attached was published in THE
'providing for the effective date hereof.
PASSED: December 19, 2006,6-0 I DAILY RECORD,of Omaha,on
'APPROVED BY: -
DANIELJ.WELCH 12/21/06 , December 27 , 2006
'ACTING MAYOR OF
THE CITY OF OMAHA • '
l BUSTER BROWN,
City Clerk,
17-77-nR
Th ' dhl per during that time was regularly published and
in *plc' the County of Do �'as, : r d State of Nebraska.
r GIN a� r
NpTARY t* Subscribed in 1,y presence and sworn to before
y' COMMIS
blisher's ' leRES$ 3 8• 0 me this 2 7 th day of
A 'tip al p) " P Q D c em e r 20�6
Tq lEttil NE Not ry tan/ ouglas County,
i S ate of Nebraska
t
f
• ate of Nebraska
, 6;?°.. . 5 0
sT ATE Or � Notary Public i o ,,_:.. '.unty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
•
1. Section 4.b. of the original agreement be removed from the Agreement and that the
following paragraph is added to the Agreement in place of the original Section 4.b.:
"Closing may occur at any time mutually agreed to between the Buyer and Seller.
Buyer agrees to work with the City to finalize a Redevelopment Agreement which
must be approved by the City Council of the City of Omaha. If Buyer fails to enter
into a Redevelopment Agreement by February 28, 2007, and if Buyer fails to begin
construction to develop the property in conformance to the attached proposal
(Exhibit "A") submitted to the City by June 30, 2007, the Buyer shall be obligated
to Deed the Property back to the City in exchange for the City reimbursing its
purchase price and nothing more. Should the Buyer fail to satisfy either of the
conditions detailed above, the parties agree the Purchase Agreement originally
approved by the City Council of the City of Omaha on October 24, 2006, by
Ordinance No. 37508 shall be held for naught."
2. The remainder of the Purchase Agreement approved by the City Council on October 24,
2006, by Ordinance No. 37508, shall remain the same and shall be in full force and
effect.
IN WITNESS WHEREOF, the City and the Buyer have executed this Purchase
Agreement Amendment as of the date last written below.
BUYER:
CCL&B, INC., a Nebraska Corporation
By: I/ -a d 40
Kim B. Cafferty Date
President
CITY 01 OMAHA:
By:f R- WA-$.4
rules Thele Date
Housing and Community Development Manager
OVED AS TO FO •
ASSISTANT CITY ATTORNEY DATE
P:\PLN4\7478sap.doc
2 -
ON OF THESE MUTUAL COVENANTS,
the City and the Buyer do hereby agree that the Agreement shall be amended as follows:
.5V ---.._____ • // 3— oL- ii. i 1 ei k. ,*--
Steven N. Jensen, CP/ Date Mayor's Office 'Date
Planning Di r
P:\PLN4\7476sap.doc '
•
the printed notice hereto attached was published in THE
'providing for the effective date hereof.
PASSED: December 19, 2006,6-0 I DAILY RECORD,of Omaha,on
'APPROVED BY: -
DANIELJ.WELCH 12/21/06 , December 27 , 2006
'ACTING MAYOR OF
THE CITY OF OMAHA • '
l BUSTER BROWN,
City Clerk,
17-77-nR
Th ' dhl per during that time was regularly published and
in *plc' the County of Do �'as, : r d State of Nebraska.
r GIN a� r
NpTARY t* Subscribed in 1,y presence and sworn to before
y' COMMIS
blisher's ' leRES$ 3 8• 0 me this 2 7 th day of
A 'tip al p) " P Q D c em e r 20�6
Tq lEttil NE Not ry tan/ ouglas County,
i S ate of Nebraska
t
f
• ate of Nebraska
, 6;?°.. . 5 0
sT ATE Or � Notary Public i o ,,_:.. '.unty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
EXHIBIT "A"
Redevelopment Proposal
P:\PLN4\7478sap.doc
- 3 -
character, shall take effect upon
the date of its passage in accord with Section 2.12 of the Omaha Municipal Code.
INTRODUCED BY COUNCILMEMBER
1,0„,„, qtAida- APPROVED BY:
ACTING MAYOR OF THE ITY OF OMAHA BATE
PASSED: DEC 1 9 2006 �— D
ATTEST:
42.
TY CLERK OF-THE CITY OF OMAHA DATE
APPROVED BY:
2j
-. l/S i\ �1 0�
�S
CITY ATTORNEY )AE
P:\PLN4\7477sap.doc
. .
....,,,.., •
/ i / •, • g
1
I
EHRHART pLq NNENGING
GRIFFIN do IN
•LAND SURVEYING 14TH STREET PUBLIC IMPROVEMENTS- REMOVALS
ASSOCIATES •ENG NEERING 9-13-06
CCL&B, INC. . . 06-26-06
4444 So 108th Street
Omaha,NE 68137 .
City of Omaha
Planning Department
Attn Ken Johnson
Re: TIF application and Offer for Purchase of land in Stockyards Business Park
It is the intent of our company, CCL&B, INC., to purchase land including lots 7 and 8
that combined equals 4.53 acres, and develop the land to provide a home for a future
• regional Johnstone Supply distribution center to service the inventory demands of our
four Nebraska stores.
Kim B and Mary Ann Cafferty are the sole owners of CCL&B, INC., a Nebraska"C"
corporation CCL&B, INC is a real estate holding company that primarily owns
buildings that are currently housing Johnstone stores in Iowa and Nebraska. We also
own Six Johnstone Supply stores in Iowa and Nebraska. .
A. Offer:
It is our plan that CCL&B, INC purchase lots 7 and 8 in the city redevelopment zone
known as Stockyards Business Park. We are offering 2.530/sq. ft. for the land which is
less than the city of Omaha's offering price. 4.53 acres equates to 197326.8 square ft and
at 3.00/ square foot, the price we propose is$499,236.80. We feel justified in this offer
since several factors must be taken into account. Following.are some of those factors:
1. We recently purchased similar lots of slightly smaller size in Des Moines and
Kearney only two blocks off primary exits off I-80 at lower prices. The market
has dictated that these lots are overpriced, They have been on the market for
years and still remain unsold.
2. The other lots were not in"Blighted"neighborhoods and will not require the
expenditures that we will feel compelled to make for additional security, sight
work, soils compaction, etc. .
3. The land in the Stockyards, even though it has been"Stabilized" includes the
low spots of the old stockyards and has existing weep pools that will need extra
expenditures in order to facilitate building the type of building that we propose
to build in the business park
4. Even though part of the lot costs will be offset by the TIF financing program
offered by the City, considering that the full impact of that will take 15 years to
realize, given the compounding nature of invested capital and the "Opportunity
cost of capital", we feel that the asking price is still excessive at$3.50/sq ft.
5. Also, the location, although it will have good access from L street and Hi Way
73/75, it is still outside the primary traffic flow for the majority of our customers
that currently frequent our existing store in the Old Market area. We plan to sell
y presence and sworn to before
y' COMMIS
blisher's ' leRES$ 3 8• 0 me this 2 7 th day of
A 'tip al p) " P Q D c em e r 20�6
Tq lEttil NE Not ry tan/ ouglas County,
i S ate of Nebraska
t
f
• ate of Nebraska
, 6;?°.. . 5 0
sT ATE Or � Notary Public i o ,,_:.. '.unty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
. and move those assets and jobs and people into this new structure and develop
the "Old Market"building into Condominiums (Which will also add to the
City's tax base in short order). It will cost us to reeducate the customers that
South 0 is a safe, expedient and logical place to come and shop.
6. The last consideration is that the land in the proposed area is not of as high value
since our other lots are corner lots with two way access and visibility. These
Stockyard lots are a bit"Landlocked" and will be more difficult to utilize fully
due to the layout. We will have to pour a lot more concrete to accommodate the
traffic and parking, loading docks, etc. These combined two lots are also larger
than what we really need, and that is another reason that we can not feel
compelled to pay your asking price. We really wanted to buy about 3.25 acres
on a corner lot!..Much of the land we purchase from you will need to be left
unused and we will have to pay to maintain it, mow it,water,.etc.
B. Scope of the proposed project:
The building will propose to build is 40,500 square foot nearly square warehouse/office
with lots of nice amenities. We will submit a detailed plan that shows color scheme,
building materials, landscaping, etc attached. Our Dist. Ctr.Will also house a fully
stocked and staffed local Johnstone store with local will call counter, delivery trucks and
delivery service, a large warehouse to store mainly HVAC and Refrigeration equipment
and tools.
WE propose to provide a 3000 Sq Ft classroom/multi purpose room that can
accommodate 100 people, we will have about 3025 Sq Ft of showroom, and nearly
2000Sq Ft of offices initially that may expand to include another 6000Sq Ft of office in
the future.
We will have covered freight docks of three heights, a covered area for.customers and
employees to be able to use for picnic lunches outside in the shade, we will cater to a
customer base that includes mainly maintenance technicians, service companies, and
installers in the Heating, Cooling, Refrigeration, and Appliance repair industry.
We hope to use our building as a working showplace for High efficiency HVAC
equipment, lighting, and ventilation equipment. We plan to use only the highest
efficiency HVAC equipment, snow-melt, in floor heat, and boilers with high efficiency
filtration in the air handlers, and lots of use of passive light and windows to light the
warehouse as well as super high efficiency lighting products. This will be as close to a
"Green" structure as we can get it!
The building will be situated on the lot so as to screen the freight docks from the street.
C. Financing plan:
We will utilize the City of Omaha's "TIF" program to help with defraying the cost of the
lot purchase which will be purchased with proceeds from the sale of our building in the
Old Market district, as well as some dollars borrowed from Omaha State Bank. We will
have nearly enough money from proceeds of the sale of our 13th & Leavenworth property
to buy the lot outright. We will then procure a construction loan from OSB for the
ty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
purpose of the building, parking lots, sidewalks, sprinklers, etc. at the completion of
which we will convert that loan to a permanent mortgage which we will presume to be a
20 year loan with fixed interest rate and amortization. We expect the total cost of the lot
and improvements will be in the area of$2,400,000.00. Total debt will be $2,000,000,
requiring a repayment of$15,808.00/month plus Taxes and Insurance.(This is a lot of
new tax base for the City of Omaha!) Attached find a commitment letter from Omaha
State Bank.
D. Projected cost/revenue pro-forma:
Johnstone Supply will sign a lease with CCL&B, INC for the course of the loan covering
the cost of repaying the loan. The lease will be triple net,Johnstone will pay the
insurance and taxes directly, and a monthly rent check to CCL&B who will repay the
loan at OSB:
E. Statement of Project Proceeding without TIF:
Without the commitment of the TIF rebate package to the bank, we are unlikely to be
able to have enough loan to asset ratio to get the bank to commit to our financing
package. We have about 20% Loan to Asset ratio and require.25to 30%Asset ratio.
F. Requirements to achieve TIF evaluation criteria: Mandatory criteria
The project is located in'a qualifying area,The project fits with'the City of Omaha long
range plan for use of property, the use of TIF will not result in a loss of existing revenue,
it will in fact enhance it due to increased taxable valuation on the property that we will
abandon when it is converted to condominiums. The project would not likely be possible
without the TIF commitment, The project will and has eliminated a hazard to the public
and our addition to it will finish off the whole sub division and make it have a greater
appeal.
G. Preliminary plans for the project:
See the attached blueprints!
H. Development Schedule:
We anticipate that we could begin construction as early as next spring and be able to
move into the structure by January, 2008.
I. Public improvements along with the project:
We do not anticipate any public improvements except to provide the improvements that
will add a lot more "Curb appeal"to the neighborhood having something other than dead
grass to look at all year! We may put a fountain and fish pond system in front of the
building, depending on funds available at the end of construction.
J. Corporation papers:
See attached articles of Incorporation and evidence of good standing from the Ne sec of
state's office.
K. Financial statements and tax returns: See attached!
ll be as close to a
"Green" structure as we can get it!
The building will be situated on the lot so as to screen the freight docks from the street.
C. Financing plan:
We will utilize the City of Omaha's "TIF" program to help with defraying the cost of the
lot purchase which will be purchased with proceeds from the sale of our building in the
Old Market district, as well as some dollars borrowed from Omaha State Bank. We will
have nearly enough money from proceeds of the sale of our 13th & Leavenworth property
to buy the lot outright. We will then procure a construction loan from OSB for the
ty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
CORPORATION WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS, that the CITY OF OMAHA, a Municipal
Corporation in the State of Nebraska, hereinafter referred to as CITY, in consideration of One
Dollar ($1.00) and other valuable consideration in hand paid, does hereby grant, bargain, sell,
convey and confirm unto FNT Accommodator XII, LLC, a Nebraska Limited Liability
Company, hereinafter referred to as Grantee, the following described real estate, situated in the
County of Douglas and State of Nebraska to-wit:
Lots 7 and 8, Stockyards Business Park, an addition to the City of Omaha, as surveyed,
platted and recorded, in Douglas County, Nebraska
together with all the tenements, hereditaments, and appurtenances to the same belonging, and all
the estate, title, claim or demand whatsoever of the CITY of, in, or any part thereof.
TO HAVE AND TO HOLD the above described premises, with the appurtenances, unto
the Grantee and to its successors and assigns forever, and the CITY for itself and its successors
and assigns, do covenant with said Grantee and its successors and assigns that the CITY is
lawfully seized of said premises, that they are free from encumbrance except those of record, that
the CITY has good right and lawful authority to sell the same and that the CITY will and its
successors and assigns shall warrant and defend the same unto the said Grantee and its
successors and assigns forever, against the lawful claims of all persons whomsoever.
IN WITNESS WHEREOF, the CITY OF OMAHA, a Municipal Corporation, has caused
these presents to be executed by its Mayor and its Corporate Seal to be affixed hereto this.21"
day of fi,o-,ay , 2007.
THE CITY OF OMAHA,
(Corporate Seal) A Municipal Corporation
By:)'h'`42-,
We anticipate that we could begin construction as early as next spring and be able to
move into the structure by January, 2008.
I. Public improvements along with the project:
We do not anticipate any public improvements except to provide the improvements that
will add a lot more "Curb appeal"to the neighborhood having something other than dead
grass to look at all year! We may put a fountain and fish pond system in front of the
building, depending on funds available at the end of construction.
J. Corporation papers:
See attached articles of Incorporation and evidence of good standing from the Ne sec of
state's office.
K. Financial statements and tax returns: See attached!
ll be as close to a
"Green" structure as we can get it!
The building will be situated on the lot so as to screen the freight docks from the street.
C. Financing plan:
We will utilize the City of Omaha's "TIF" program to help with defraying the cost of the
lot purchase which will be purchased with proceeds from the sale of our building in the
Old Market district, as well as some dollars borrowed from Omaha State Bank. We will
have nearly enough money from proceeds of the sale of our 13th & Leavenworth property
to buy the lot outright. We will then procure a construction loan from OSB for the
ty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
RECEIVED
07 JAB 25 G1A 10: 33
REQUEST TO CITY CLERK'S OFFICE
CITY CLERK
OMAHA. NEBRASKA For City Clerk's Office Use
Log Book No.
Date Assigned
Assigned To
Date Answered
DATE: January 24, 2007 DATE RECEIVED:
TO: BUSTER BROWN, CITY CLERK
FROM: Chris Wayne, Planning Department, Ext. 5180
REQUEST FOR: Mayor and City Clerk Signatures on Deed
(State Specifically What You Are Requesting)
TIME LINE: January 31, 2007
3 Days from date received by City Clerk's Office
REQUEST DETAILS:
Attached is a warranty deed conveying two vacant lots to FNT Accommodator XII, LLC,
in the Stockyards Business Park to construct additional facilities to house their business
expansion. The amended Agreement authorizing the City to convey the property was
approved by the City Council on December 19, 2006. FNT Accommodator XII, LLC is
the assignee of CCL&B, Inc. and will temporarily hold the property during construction
phase in order to allow a property exchange from their previous location.
Please ask the Mayor to execute the deed and attest the Mayor's signature.
ance except those of record, that
the CITY has good right and lawful authority to sell the same and that the CITY will and its
successors and assigns shall warrant and defend the same unto the said Grantee and its
successors and assigns forever, against the lawful claims of all persons whomsoever.
IN WITNESS WHEREOF, the CITY OF OMAHA, a Municipal Corporation, has caused
these presents to be executed by its Mayor and its Corporate Seal to be affixed hereto this.21"
day of fi,o-,ay , 2007.
THE CITY OF OMAHA,
(Corporate Seal) A Municipal Corporation
By:)'h'`42-,
We anticipate that we could begin construction as early as next spring and be able to
move into the structure by January, 2008.
I. Public improvements along with the project:
We do not anticipate any public improvements except to provide the improvements that
will add a lot more "Curb appeal"to the neighborhood having something other than dead
grass to look at all year! We may put a fountain and fish pond system in front of the
building, depending on funds available at the end of construction.
J. Corporation papers:
See attached articles of Incorporation and evidence of good standing from the Ne sec of
state's office.
K. Financial statements and tax returns: See attached!
ll be as close to a
"Green" structure as we can get it!
The building will be situated on the lot so as to screen the freight docks from the street.
C. Financing plan:
We will utilize the City of Omaha's "TIF" program to help with defraying the cost of the
lot purchase which will be purchased with proceeds from the sale of our building in the
Old Market district, as well as some dollars borrowed from Omaha State Bank. We will
have nearly enough money from proceeds of the sale of our 13th & Leavenworth property
to buy the lot outright. We will then procure a construction loan from OSB for the
ty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
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antee and its
successors and assigns forever, against the lawful claims of all persons whomsoever.
IN WITNESS WHEREOF, the CITY OF OMAHA, a Municipal Corporation, has caused
these presents to be executed by its Mayor and its Corporate Seal to be affixed hereto this.21"
day of fi,o-,ay , 2007.
THE CITY OF OMAHA,
(Corporate Seal) A Municipal Corporation
By:)'h'`42-,
We anticipate that we could begin construction as early as next spring and be able to
move into the structure by January, 2008.
I. Public improvements along with the project:
We do not anticipate any public improvements except to provide the improvements that
will add a lot more "Curb appeal"to the neighborhood having something other than dead
grass to look at all year! We may put a fountain and fish pond system in front of the
building, depending on funds available at the end of construction.
J. Corporation papers:
See attached articles of Incorporation and evidence of good standing from the Ne sec of
state's office.
K. Financial statements and tax returns: See attached!
ll be as close to a
"Green" structure as we can get it!
The building will be situated on the lot so as to screen the freight docks from the street.
C. Financing plan:
We will utilize the City of Omaha's "TIF" program to help with defraying the cost of the
lot purchase which will be purchased with proceeds from the sale of our building in the
Old Market district, as well as some dollars borrowed from Omaha State Bank. We will
have nearly enough money from proceeds of the sale of our 13th & Leavenworth property
to buy the lot outright. We will then procure a construction loan from OSB for the
ty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
'NOTICE TO PUBLIC'The following Ordinance has been set for THE DAILY RECORD
City Council hearing on December 12,
2006,hamat 2:00 p.m.,o in the Legislative OF Ow r II �
Chambers, Omaha/Douglas Civic Center, jrj�]rj•(-�
1819 Farnam Street, at which hearing all
• persons interested,may be heard. RONALD A. HENNINGSEN, Publisher
AN ORDINANCE approving a Purchase PROOF OF PUBLICATION
Agreement Amendment which amends an
Agreement approved by the City Council of
the City of Omaha on October 24, 2006,.by
Ordinance No. 37508, between the City of UNITED STATES OF AMERICA,
Omaha and CCL&B,INC., 4444 South 108th
Street,Omaha, Nebraska 68137 for the sale The State of Nebraska, SS.
of City-owned real property; legally District of Nebraska,
described as Lots 7 and 8, Stockyards, .
Business Park, an addition to the City of County of Douglas,
Omaha, as surveyed, platted and recorded, Cityof Omaha,
Douglas County, Nebraska; such
Amendment allows the City to convey said
property at a mutually agreeable time, J. BOYD
subject to the City's interest to reacquire the
property if CCL&B, INC. does not satisfy duly beingsworn,deposes p and says
certain conditions, and to provide thes that she is
effective date hereof.
BUSTER BROWN, LEGAL EDITOR
City Clerk
-ss-n6 of THE DAILY RECORD, of Omaha, a egnewspaper,l alprinted and
published daily in the English language, having a bona fide paid
circulation in Douglas County in excess of 300 copies, printed in
Omaha,in said County of Douglas,for more than fifty-two weeks last
past; that the printed notice hereto attached was published in THE
DAILY RECORD,of Omaha,on
December 8, 2006
Tha • ewspaper during that time was regularly published and
in aletiljation in the County of Do ,and State of Nebraska.
P;•��\ERA( '
14p1 P ON Subscribed in k •sence and sworn before
Pulilish,e� i ` S $ =19 . 0 me this •th day of
ddhional Copies DPCPmbPr 20 06
TE QF Notary Public in ounty,
Sta b ka
struction.
J. Corporation papers:
See attached articles of Incorporation and evidence of good standing from the Ne sec of
state's office.
K. Financial statements and tax returns: See attached!
ll be as close to a
"Green" structure as we can get it!
The building will be situated on the lot so as to screen the freight docks from the street.
C. Financing plan:
We will utilize the City of Omaha's "TIF" program to help with defraying the cost of the
lot purchase which will be purchased with proceeds from the sale of our building in the
Old Market district, as well as some dollars borrowed from Omaha State Bank. We will
have nearly enough money from proceeds of the sale of our 13th & Leavenworth property
to buy the lot outright. We will then procure a construction loan from OSB for the
ty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06
"NOTICE TO PUBLIC.'-- --_
ORDINANCE NO.37587 THE DAILY RECORD
AN ORDINANCE approving a Purchase
•Agreement Amendment which amends an OF OR/�A
Agreement approved by the City Council of 11'l.t�HA
the City of Omaha on October 24, 2006, by
Ordinance No. 37508, between the City of RONALD A. HENNINGSEN, Publisher
Omaha and a, INC., 4444'South' 108th PROOF OF PUBLICATION
Street,Omaha, Nebraska 68137 for the sale
of City-owned real property; legally
described as Lots 7 and 8, Stockyards
Business Park, an addition to the City of UNITED STATES OF AMERICA,
Omaha, as surveyed, platted and recorded, The State of Nebraska
in Douglas County, Nebraska; such SS.
Amendment allows the City to convey said District of Nebraska,
property at a mutually agreeable time, Countyof Douglas,
subject to the City's interest to reacquire theg
property if CCL&B, INC. does not satisfy City of Omaha,
certain conditions, and to provide the
effective date hereof.
SUMMARY: • J. BOYD
AN ORDINANCE approving a Purchase
Agreement Amendment which amends an being duly sworn,deposes and says that she is
Agreement approved by the City Council of,
the City of Omaha on October 24, 2006, by LEGAL EDITOR
Ordinance No. 37508, between the City of
Omaha and CCL&B,INC., 4444 South 108th
Street,Omaha, Nebraska 68137 for the sale of THE DAILY RECORD, of Omaha, a legal newspaper,printed and
of City-owned real property; legally published daily in the English language, having a bona fide paid
described as Lots 7 and 8, Stockyards
Business Park, an addition to the City of i circulation in Douglas County in excess of 300 copies, printed in
Omaha, as surveyed, platted and recorded,'
in Douglas County, Nebraska; such, Omaha,in said County of Douglas,for more than fifty-two weeks last
Amendment allows the City to convey said' past; that the printed notice hereto attached was published in THE
,property at a mutually agreeable time,
subject to the City's interest to reacquire the DAILY RECORD,of Omaha,on
property if CCL&B, INC. does not satisfy
certain conditions, and to provide the D e e emb e r 279 2006
effective date hereof. "
PASSED: December 19, 2006,6-0
APPROVED BY:
DANIEL J.WELCH 12/21/06
ACTING MAYOR OF
THE GTY OF OMAHA -BUSTER BROWN, d ew aPer duringthat time was regularly published and
City Clerk
eci3iculOtion in the County of Dou las, d State of Nebraska.
NOTARY t.
Subscribed in y sence and sworn to before
++" COMMISSION
1f$lisher' i�ES $ 31 0 me this 2 7 th day of
it gx;a Eiez9ti-' Q e e # 06
J19Tp E�1 P 0-14.1`-,
Nota b c' d f r ouglas County,
• State of Nebraska
nearly enough money from proceeds of the sale of our 13th & Leavenworth property
to buy the lot outright. We will then procure a construction loan from OSB for the
ty,
N a a
Dec�mb- 06
zo
Notary Public in . . .I ti.i :las County,
S •: e.raska
4h 9TE OF Ni-g� of N raska
• tit....,,,>
platted and recorded in Douglas County, • t 11KES
;Nebraska- to DMK INVESTMENTS, LLC, a cembe 06
Nebraska Limited Liability Company, for the dikn$I Copies $ • 2
sum of $103,673.00 and other valuable) �f .' 4y6,201�'�Q 10
consideration; and to provide the effective '9J�'I'A �� �
date hereof. UQFF t P ' andf ouglas •
WHEREAS, the City of Omaha adopted, g County,
the North Downtown Redevelopment Plan' - , ;' tate of Nebraska
'NODO' as an Amendment to the City of
Omaha Master Plan and subsequently made
l
City owned property available for'.
development purposes to implement),
proposals submitted in compliance with the!'
plan to attract jobs and investment to the,
,redevelopment area; and,
WHEREAS, DMK INVESTMENTS, LLC, a
IlNebraska Limited Liability Company has
offered to pay the sum of $103,673.00 for •
Said.28-acre city-owned property located in
the North Downtown Redevelopment Plan
Area 'NODO' at the northeast corner'of
•
North 15th and Cuming Streets legally
'described as Lot 3, Model-T Ford Plaza for
-use as a site for the construction of a Holiday
;Inn Hotel/Suites & Water Park and related
'improvements.
;PASSED: December 12, 2006,7-0 -
• APPROVED BY:
(MIKE FAHEY • 12/14/06;
•
IMAYOR OF THE
CITY OF OMAHA
BUSTER BROWN,
' City Clerk 1,
E2-20-06