City of Omaha Mike Fahey, Mayor

Honorable President

HE C ': i "/ ::~ D

Oo ~PR 1n pu ,..,. ?i:: • -' N ,, ,, Ii il.' c..,'

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May 5, 2009

and Members of the City Council,

Planning Department

Omaha/Douglas Civic Center 1819 Farnam Street, Suite 1100

Omaha, Nebraska 68183 (402) 444-5150

Telefax (402) 444-6140

Steven N. Jensen, AICP, LA Director

The attached Resolution approves the Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan to implement the Rescue Mission I Open Door Mission Tax Increment Financing Redevelopment Project which is to be located on Lots 1 though 7, and Lots 20 through 26 Block 1 Oliver Place, an addition to the City Of Omaha, as surveyed, platted and recorded in Douglas County Nebraska; together with the vacated portion of 21st Street abutting thereon and is addressed as 2706 North 21st Street East.

The Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan approved by the Planning Board on September 3, 2008 proposed that the City participate in the development by providing Tax Increment Financing in the amount of $1,200,00.00 for the development of the 1.53-acre project development site located between East Locust Street on the north and Avenue "J" on the south with North 21st Street East on the east and North 20th Street East on the west is for the construction of an $11.4 million, 62,342 square foot facility to house women and families. The project will include appropriate landscaping and features introduced to enhance the total development and design of the project area to compliment the development of the Human Services Campus.

Your favorable consideration of this Resolution will be appreciated.

Respectfully submitted, Referred to City Council for Consideration:

{( .

Carol A. Ebdon Finance Director

Plnlsfl 252-cover letter

Date

Date obert G. Stuobe, PE Public Works Director

Notice of Publication and Public Hearing: May 7 & May 14th, 2009

Public Hearing: , June 2, 2009

Date

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0 OPEN DOOR MISSION SITE l'lAN SCALE: 1" = 100'-0"

PROJECT NUMBER: 03021 -----------------------------------------------DR A WING: SITEPLAN -----------------------------------------------

0 A TE: NOVEMBER 'AYJ7

All.EY• l"OYNER MACCHll!:TTO

-----·-----------------·-·-----·-·--·-·-------·------.._ ___ _ 1213.JoneJS­Omaho.1€ 68102 l'h: «12.341.1544 Fx: 402.341.4735 ~.com

PROJECT DESCRIPTION

Open Door Mission (ODM) has been serving the Omaha homeless and near homeless since 1954. As early as 1960, ODM realized that they could do more for their residents and began adding supportive programs. Through community collaboration ODM has been able to expand their services to assist in their mission of breaking the cycle of homelessness.

In the past few years, ODM has initiated and developed partnerships with churches, businesses, and relief agencies in an effort to provide more help for the needy and greater hope for the hurting. The Compassion Program partners with area hotels and motels to provide free nights of lodging for families when all Omaha shelters are full. The increased association with Clarkson College and Beneficial Behavioral Health Services insures the provision of professional mental health care to ODM's residents, in addition to the dedicated services performed by the Visiting Nurses Association. "Give the Gift of Sight", a volunteer program of the LensCrafters Foundation, supplies free vision exams for homeless and low­income families. Hy-Vee Food Stores in the greater Omaha area underwrite several events and donate floor space to serve as designated drop-off sites for seasonal donations. ConAgra, Campbell's, Kellogg's, and Roberts Dairy are among the manufactures that provide food items for the Mission each week. The above are just small examples of the community involvement in ODM's entire mission to serve the community.

In the fall of 2002, the Open Door Mission's Board of Directors and Staff participated in a Strategic Planning process with an outcome in the spring of 2003 of a Master Plan. This was a process including internal and external surveys from clients, agency collaborations, volunteers, and Open Door Mission supporters. As of part of the process, ODM identified current and future community needs. These include: additional emergency shelter space for homeless men, women and families, permanent supportive housing, mental health counseling, health care facilities, sense of safety and security, day program for the homeless and needy, affordable job training, and children's recreational facilities.

According to the Open Door Mission's Lydia House Tum Away Log for 2007, on a monthly average there were 68 families and 73 women turned away for service. Based on this log and the Master Plan it was evident that a new facility for woman and families needed to be a priority. Currently, Open Door Mission is the only agency serving single parent faipilies and intact families in recovery.

For over four years, this project has been pre-developed by a talented and experienced team involving Alley Poyner Architecture, J. Development Company, Midwest Housing Equity Group, City of Omaha, Nebraska Investment Finance Authority, Federal Home Loan Bank

1

of Topeka, and Open Door Mission. The nearly 11.4 Million Dollar new construction project will provide homeless women, single mothers and families with 82 fully furnished apartments. In addition, the 62,342 square foot building will have classrooms and meeting areas to provide a vast amount of supportive services including, but not limited to: life skills, parenting skills, nutrition classes, anger management courses, and GED courses. The facility will also house computer labs, childcare facilities, counseling rooms, common

lounge areas and a "Bright Space" for children to improve cognitive development.

The sponsor of this project, Help the Homeless, Inc is a 501(c) 3 and was created to be the supporting organization for the Rescue Mission d/b/a Open Door Mission exclusively. The owner of this project, Help the Homeless of the Metro, LLC is a limited liability company, which will have an investor member, Midwest Housing Equity Group with a 99.99% interest and Help the Homeless, Inc. as the managing member with a .01 % interest. This will be a tax paying entity.

This project will create jobs not only during the construction phase, but also after

completion. The new facility will need janitorial, maintenance, and administrative staff. This project will create 5-10 permanent full-time and part-time jobs and will generate around 35 to 50 jobs during the construction phase.

This project will provide space for professionals to volunteer their time and talents. The building will have an expanded service learning site for students in training. Currently the Open Door Mission has students and faculty onsite from six local colleges. This project will provide space for collaboration with partnering agencies that already come on site to offer services for homeless. The expanded clinic will reduce ER visits to hospitals. The project will offer solutions to a growing community problem through life changing programs that will break the cycle of homelessness and poverty.

The goal of breaking the cycle of homelessness is to empower men, women and families

with skills necessary to reenter the community and live as productive citizens. This proposed project will have a significant impact on making this reality and this is made possible only by the grace of the community collaboration.

COST BENEFIT ANALYSIS

This use of Tax Increment Financing will not result in tax shifts. The current level of taxes will continue to flow to taxing entities and only the added value of the revenues resulting from the improvements will be applied to the cost of the project. The development will provide improvements to adjacent public areas including landscaping.

2

The human service agency receiving this tax incentive will be enabled to accomplish this infill project that would not otherwise be financially feasible. Businesses in this area will be impacted by the construction of the new buildings that are completing various phases of the development of the North Omaha Human Service Campus. The development of the proposed campus will foster the development of new employment opportunities in the area. The campus facilities are designed to complement the character of the neighborhood and the campus concept, improve and encourage additional growth and to provide and support a more effective delivery of needed services. The development will add to the growing working population in North Omaha, contributing to the economic vitality of the area. This project will remove a potential hazard by removing vacant property on this site. The request meets the necessary requirements for consideration. The site is in an area that meets the requirements to be declared substandard and blighted. The project will bring new facilities and concepts as a part of the community effort to consolidate the delivery of various services to the North Omaha Human Services Campus whose operations and presence will contribute directly to the local community. The site is not being utilized at its fullest and best economic benefit as vacant ground. No community public service need will be generated as a result of this project. The proposed TIF will be used to offset acquisition and public infrastructure improvement cost and to defray site development cost, which are eligible activities. The development of this site will increase the opportunity to provide additional jobs. This development will impact other business, as there will be an increase in the demand for employees to fill the expanded employment opportunities created by this development. The elimination of the substandard and blighted conditions and the provision of new employment opportunities will increase economic opportunities. The development will not cause an increase in traffic in this area nor will it cause a corresponding reduction in traffic in other areas.

The current street system is able to accommodate the development. The creation of new opportunities resulting from the consolidation and improvement of 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.

3

FINANCING PLAN

Source of Funding

Permane Term Monthly Annual

nt Amount Rate Amo rt. Status Date Debt Debt

Financin m

Months Service Service g

FHLB AHP Direct $450,00 April Subsidy 0 0% 180 180 Approved 07 $0 $0 Tax Increment $1,200,0 7.00 Requestin Financing 00 % 180 180 g Jul-08 $11,737 $140,843 Nebraska Affordabl e Housing Trust $450,00 7.00 May-Funds 0 % 180 180 Requested 07 $0 $0 City of Omaha HOME $250,00 Funds 0 0% 360 360 Approved Sep-06 $0 $0 Open Door Mission Capital Contributi $2,826,1 0.00 on 35 % 0 0 Approved Oct-06 $0 $0 Low-Income Housing Tax Credit (Net $6,211,9 Equity) 05 NIA NIA NIA Approved Sept 07 $0 NIA Total 11,388,0 Sources 40 $11,737 $140,843

Construct Amount Rate Term Status ion/Interi m

4

m Months Financing Construct ion Loan: Horizon $7,000,0 Bank 00 5.50 18 Approved Total Sources

Use of Funding

Total Site Work+ Land Purchase $1,362,000 Construction and Rehabilitation Costs $7,380,000 Professional Fees $450,000 Construction Interim Costs $291,040 Permanent Financing $49,000 Soft Costs $720,000 Syndication Costs $11,000 Developer Fees $450,000 Project Reserves $275,000 Contingency $400,000 Total Costs $11,388,040

Public Improvements Breakdown

DETAILED CONSTRUCTION COST BREAKDOWN

Account # Category Description

1 General Requirements 1 100 Superintendent 1 200 Contract Administration 1 300 Cleanup

2 On-site Work

5

$189,000 $115,000

$23,589 Subtotal $327,589

2 100 Demolition/ over-excavating/ grading/ storm sewer $920,100 Streets/ curbs/parking $279,900

2 200 Off-site Improvements $-Subtotal $1,200,000

3 Concrete 3 100 Excavation $66,500 3 200 Footing I Foundation Labor & Materials $412,589 3 300 Reinforcement Steel I Tie-downs $45,897

Subtotal $524,986

4 Masonry 4 100 Masonry Labor & Materials $328,955 4 200 Stonework $29,874

Subtotal $358,829

5 Metals 5 100 Miscellaneous Metals $202,354 5 200 Steel Joists & Girders $228,194

Subtotal $430,548

6 Wood 6 100 Framing Material $265,874 6 200 Framing Labor $132,147 6 300 Finish Material $70,747 6 400 Finish Labor $45,778

Subtotal $514,546

7 Thermal I Moisture Protection 7 100 Waterproofing $29,874 7 200 Soffit & Fascia $2,081 7 300 Gutter & Downspout Labor & Materials $2,774 7 400 Insulation Labor & Materials $52,132 7 500 Roofing Labor & Materials $274,111 7 600 Vinyl Siding Labor & Materials $-

Subtotal $360,972

8 Doors & Windows 8 100 Hardware $31,212 8 200 Steel Doors & Frames $201,478

6

8 300 Wood Doors & Frames $140,801 8 400 Address Numbers Labor & Materials $8,323 8 500 Windows Labor & Materials $306,000 8 600 Sliding Doors Labor & Materials $-

Subtotal $687,814

9 Finishes 9 100 Drywall Labor & Materials $622,547 9 200 Ceramic Tile Labor & Materials $345,123 9 300 Carpet Labor & Materials $35,689 9 400 Resilient Flooring Labor & Materials $29,654 9 500 Painting & Wall Coverings Labor & Materials $201,478

Subtotal $1,234,491

10 Bathroom 10 100 Bathroom Accessories $31,258 10 200 Accessories Labor & Materials $44,125 10 300 Mirrors Labor & Materials $4,162

Subtotal $79,545

11 Equipment 11 100 Bath Appliances $11,500 11 200 Kitchen Appliances $70,747

Subtotal $82,247

12 Furnishings 12 100 Cabinets Labor & Materials $400,000

Subtotal $400,000

13 Conveying Systems 13 100 Elevator Systems $189,741

Subtotal $189,741

14 Mechanical 14 100 Heating Labor & Materials $345,879 14 200 Air Conditioning Labor & Materials $312,145 14 300 Cooler Labor & Materials $24,367 14 400 Plumbing Labor & Materials $427,321 14 500 Geothermal Heat-Pump System Labor & Materials $-

7

14 600 Fire Sprinkler System

15 Electrical 15 100 Security System 15 200 Electrical Labor & Materials 15 300 Lighting Fixtures Materials 15 400 Fire Detection System Labor & Materials

16 Landscaping 16 100 Landscaping Labor & Materials

CONSTRUCTION COST BREAKDOWN

J Development Company

Open Door Mission Help the Homeless of the Metro LLC Lydia House Project

TIF funded improvements Cost breakdown (estimated)

Item

Land Purchase

8

5/28/2008

$255,412 Subtotal

$98,451 $622,147 $215,478

$58,974 Subtotal

$119,558

Grand Total

$1,365, 124

$995,05

$119,558

$8,871,040

Cost

$162,00 0

$288,29 Streets, curbs, parking, sidewalks 5

$758,35 Site Demo, over-excavating, grading, imported dirt 9

$119,55 Sod, seed, landscape, trees, shrubs, flower 8

$153,34 Water, sewer, electrical extensions 6

Architect and engineering fees $84,000

$1,565,5 TOTAL 58

PROFORMA

FORECAST OF NET CASH FLOW

200 9 2010 2011 2012 2013 2014 2015

INCOME RENTAL INCOME - LOW- 613,0 613,0 625,2 637,7 650,55 663,5 INCOME TENANTS 0 32 32 93 99 5 66 RENTAL SUBSIDIES 0 0 0 0 0 0 0

10,65 10,86 11,08 11,53 OTHER INCOME (Interest) 0 0 6 9 7 11,308 4

613,0 623,6 636,1 648,8 661,86 675,1 GROSS INCOME 32 88 62 86 3 00

(42,9 (43,6 (44,5 (45,4 (46,33 (47,2 LESS: VACANCIES 7% 0 12) 58) 31) 22) 0) 57)

TOTAL INCOME BEFORE 570,1 580,0 591,6 603,4 615,53 627,8 OPERATING EXPENSES 0 20 30 31 64 3 43 2% Annual Revenue Escalation

OPERATING EXPENSES 45,00 34,76 35,80 36,88 39,12

ADMINISTRATIVE 0 0 6 9 3 37,989 9 253,7 261,3 269,1 277,2 285,56 294,1

OPERATING 0 22 34 74 49 6 33 9

72,00 74, 16 76,38 78,67 83,46 MAINTENANCE 0 0 0 5 7 81,037 8

140,8 140,8 140,8 140,8 140,84 140,8 REAL ESTATE TAXES 0 43 43 43 43 3 43

28,70 29,56 30,44 31,36 33,27 REPLACEMENT RESERVE 0 0 1 8 1 32,302 1 HOME OWNERSHIP INCENTIVE 0 0 0 0 0 0 0 PROPERTY MANAGEMENT FEE 0 0 0 0 0 0 0 3 % Annual Expense Escalation TOTAL OPERATING 540,2 540,6 552,6 565,0 577,73 590,8 EXPENSES 0 65 64 59 13 7 44

NET OPERATING CASH 29,85 39,36 38,97 38,45 36,99 FLOW 0 5 7 2 1 37,796 9

2016 2017 2018 2019 2020 2021 2022 2023 2024

676,837 690,374 704,181 718,265 732,630 747,283 762,229 777,474 793,023 0 0 0 0 0 0 0 0 0

11,765 12,000 12,240 12,485 12,735 12,990 13,249 13,514 13,785 688,602 702,374 716,421 730,750 745,365 760,273 775,478 790,988 806,808 (48,202) (49,166) (50,149) (51,153) (52,176) (53,219) (54,283) (55,369) (56,477)

640,400 653,208 666,272 679,598 693,189 707,054 721,195 735,619 750,331

40,303 41,512 42,757 44,040 45,361 46,722 48,124 49,568 51,055 302,957 312,046 321,407 331,049 340,980 351,209 361,745 372,597 383,775

85,972 88,551 91,208 93,944 96,762 99,665 102,655 105,735 108,907 140,843 140,843 140,843 140,843 140,843 140,843 140,843 140,843 140,843 34,269 35,297 36,356 37,447 38,570 39,727 40,919 42,147 43,411

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

604,344 618,249 632,571 647,323 662,516 678,166 694,286 710,890 727,991

36,056 34,959 33,701 32,275 30,673 28,888 26,909 24,729 22,340 10

NEED FOR TAX INCREMENT FINANCING

Without the successful incorporation of Tax Increment Financing, it would not be economically feasible to construct the Open Door Mission expansion project located at Locust Street between 20th and 21st Streets. TIF, effectively combined with substantial

equity, forms the critical basis for the remaining traditional financing to be economically viable. A capital contribution in the amount of $2,826, 13 5 is being made to the project.

Annual Categories

Gross Annual Income Less Expenses Less Vacancy Less Debt Service (TIF) Less Additional Debt Service Less Real Estate Taxes

Net Projected Annual Cash Flow

Return on Investment

$613,032 ($399,422)

($42,912)

($140,843)

$29,855

1.00% Negative

$613,032 ($399,422)

($42,912)

$0 ($140,843)

($140,843)

($110,988)

Summary Conclusion: The project would not be able to proceed without Tax Increment Financing because it would not be an economically feasible investment.

PROJECT SATISFACTION OF CRITERIA

Mandatory Criteria

1. The Open Door Mission project, Rebuilding Lives, will be located near their current facilities at 2828 North 23rd Street East - between 20th and 21st Streets and Locust

Street. This location is part of the City of Omaha's Blighted Area Map. 2. This project furthers the objectives of the City's Comprehensive Plan by promoting

housing in a blighted area as well as furthers the objectives outlined in the Homeless Needs section of the Omaha-Council Bluffs Consortium Consolidated Submission for Community Development Programs.

11

3. ·The use of TIF for the project will not result in a loss of pre-existing tax revenues to the City of Omaha since the land is currently vacant.

4. This new construction project will not be economically feasible without Tax Increment Financing as evident in Exhibit E.

5. The hazard that the site presents as a vacant, unsightly area used as a place to congregate and sleep by homeless people. The project will beautify this area and provide a real shelter for homeless women and families.

Discretionary Criteria

1. The project will generate the creation of 35 to 50 new jobs during construction. Upon completion, Open Door Mission will need additional staffing (30 to 50) to support the increase in housing and support services required by this project.

2. This project is located in the North Omaha and Downtown Omaha blighted area as shown in the City of Omaha's Blighted Area Map.

5. This project will directly benefit low- and moderate-income people as defined by the Community Development Block Grant Program. Due to the nature of the project assisting homeless, near 100% of all housing units, will be affordable to low- and moderate-income households.

6. The proposed site to be redeveloped displays conditions or blight as established by Nebraska State Statute. The proposed site is an area with high unemployment, the majority of the land is unimproved and the area has not seen much improvement, and the average per capita income is lower than the city average.

7. This project involves the start-up of an entirely new business within the City of Omaha, Help the Homeless of Omaha Limited Liability Company.

12

I

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 1541

h 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 /\l\AILING LIST RECEIVED ________ _

RECEIVED BY Cc~,r ~ W~ v r.v,:UNG Ml.OE g v~~

01\TE MAllf:D __ __;:.::;;_-_-. ...:1_-.:...0_1 ____ _

City of Omalia, :Ne6raskfi

Buster Brown City Clerk

1819 Farnam - Suite LC 1 Omaha, Nebraska 68183-0112

(402) 444-5550 FAX (402) 444-5263

"NOTICE TO TAXING AUTHORITY"

NOTICE OF PUBLIC HEARING ON HELP THE HOMELESS OF THE METRO, LLC, HELP THE HOMELESS, INC. TAX INCREMENT FINANCING

REDEVELOPMENT PROJECT PLAN

Notice is hereby given that the Omaha City Council has set Tuesday, June 2, 2009 at 2:00 p.m. as the date of Public Hearing on Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan.

The Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan for the 1.53-acre project study area, located on Lots 1 through 7 and Lots 20 through 26, Block 1, Oliver Place, together with the vacated portion of 21st Street abutting thereon and addressed as 2706 North 21st Street East, to facilitate the rehabilitation of the site to develop a 62,342 sq. ft. building to provide 82 fully furnished apartments for the Rescue Mission d/b/a Open Door Mission Project Plan for homeless women, single mothers with families utilizing $1,200,000.00 in Tax Increment Financing to offset site acquisition , project development cost and to modify and construct public improvements as required in the abutting rights-of-way. The site meets the conditions of both a substandard and blighted area as defined by State Statute 18-2103. An Industrial Development Bond issue may be used in this blighted and substandard area to assist with project financing.

A copy of said plan is available for public inspection in the City Clerk's Office.

Public Hearing will be held before the City Council of the City of Omaha, in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha, Nebraska.

Buster Brown City Clerk

0 OPEN DOOR MISSION

SITE PLAN

SCALE: 1" = 100'-0"

~~_..:1i.;!, .• .li0 •. :;-.~.7A~i.i .• _-.. 7,.·_'.{., ,..i .ti ... l.;.,!..dt.·~ .• -1"'~j-.

PROJECT NUMBER: 03021 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

ORA WING: SITEPLAN ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

DATE: NOVEMBER 2007

1213 Jones Street Omoho. NE 68102 Ph: A02.34l.15H fx: -402.3'41.4735 alleypoyner com

------------------ I - _________ J

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 the conditions which are detrimental to the public health, safety and welfare by developing vacant, underutilized property within these neighborhoods; and,

WHEREAS, Neb. Rev. Stat. § 18-2109 requires that before any redevelopment plan be prepared, the City Council must declare the proposed redevelopment area to be "substandard and blighted" and in need of redevelopment; and,

WHEREAS, the Rescue Mission D/B/ A Open Door Mission Tax Increment Financing Redevelopment Project to be located on Lots 1 though 7, and Lots 20 through 26, Block 1 Oliver Place, an addition to the City Of Omaha, as surveyed, platted and recorded in Douglas County Nebraska; together with the vacated portion of 21st Street abutting thereon and addressed as 2706 North 21st Street East meets the conditions of both a substandard and blighted area as defined by Neb. Rev. Stat. § 18-2103 (see Attachment 1 for complete legal description); and,

WHEREAS, the Planning Board and City Council of the City of Omaha have previously declared that the proposed Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan site to be located on Lots 1 though 7, and Lots 20 through 26, Block 1, Oliver Place, an addition to the City Of Omaha, as surveyed, platted and recorded in Douglas County Nebraska; together with the vacated portion of21 st Street abutting thereon and addressed as 2706 North 21st Street East meets the conditions of both a substandard and blighted area as defined by State Statute 18-2103; and,

WHEREAS, Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan for the 1.53-acre project study area is to facilitate the rehabilitation of the site to develop a 62,342, sq. ft. building to provide 82 fully furnished apartments for homeless women, single mothers with families utilizing Tax Increment Financing (TIF) to offset site acquisition, project development cost and to modify and construct public improvements as required in the abutting rights-of-way as indicated here in "Exhibit A" and attached hereto and made a part hereof; and,

WHEREAS, an Industrial Development Bond issue may be used in this blighted and substandard area to assist with project financing; and,

By ........................................................................................ . Councilmember

Adopted ......................................................................... .

City Clerk

Approved .............................................................. . Mayor

C-25A CITY OF OMAHA

LEGISLATIVE CHAMBER

Omaha, Nebraska

Page-2-

WHEREAS, Section 18-2108 of the Nebraska Revised Statutes requires the City of Omaha to adopt a redevelopment plan before taking an active part in a redevelopment project; including the division of ad valorem taxes under Sections 18-2147 through 18-2150, Revised Statutes of Nebraska; and,

WHEREAS, the Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan inclusive of the site located on Lots 1 though 7, and Lots 20 through 26, Block 1, Oliver Place, an addition to the City Of Omaha, as surveyed, platted and recorded in Douglas County Nebraska; together with the vacated portion of21 st Street abutting thereon and addressed as 2706 North 21st Street East was approved by the City of Omaha Planning Board on September 3, 2008.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:

THAT, the attached Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan authorizing TIF in the amount of $1,200,000 for the Rescue Mission d/b/a Open Door Mission 1.53-acre project study area prepared by the Omaha City Planning Department containing a provision for the division of ad valorem taxes under Sections 18-2147through18-2150, Revised Statutes ofNebraska, meets the conditions ofboth a substandard and blighted area as defined by State Statute 18-2103, and is hereby approved as the Redevelopment Plan for the Rescue Mission d/b/a Open Door Mission Project Plan Area located on Lots 1 though 7, and Lots 20 through 26, Block 1 Oliver Place, an addition to the City Of Omaha, as surveyed, platted and recorded in Douglas County Nebraska; together with the vacated portion of21 st Street abutting thereon and addressed as 2706 North 21st Street East.

APPROVED AS TO FORM:

~(2-~ SJ' CITY ATTORNEY

Plnlsf1252-res

By~Q~~ Councilmember

Adopted ........ ~.~ ... ?;9.9.?. .. ~ ...... 4. .. ~.??.

·······/~···/.c;:t?~......... ~ ... h City Clerk6'fa'o/

Approved .. ~.~~y~;·

v"/'

NO ...... ~6?..-7 .......... . Resolution by ................................................. .

Res. that the attached Help the Homeless of the Metro, LLC, HELP THE HOMELESS, INC. Tax Increment Financing Redevelopment Project Plan authorizing TIF in the amount of $1,200,000 for the Rescue Mission d/b/a Open Door Mission 1.53-acre project study area prepared by the Omaha City Planning Department containing a provision for the division of ad valorem taxes under Sections 18-2147 through 18-2150, Revised Statutes of Nebraska, meets the conditions of both a substandard and blighted area as defined by State Statute 18-2103, and is hereby approved as the Redevelopment Plan for the Rescue Mission d/b/a Open Door Mission Project Plan Area located on Lots 1 though 7, and Lots 20 through 26, Block 1 Oliver Place, an addition to the City Of Omaha, as surveyed, platted and recorded in Douglas County Nebraska; together with the vacated portion of 21st Street abutting

Pn:se:;kd 1u City Council

.. .. MAY - 5 2009 . . ()/Jv ~ wedl&'Zo ;7;;0'1 /o/'~Cfl.zib.A&zcl/u,tf)c ,{u,/'L'~~<'ld.dJ l!'f '&/J<?,/ ,,4£..'i?JL /-

JUN .. :':' .. 2 .. 2Q09 .. ~ ... Adopte.d ......... &.-.O .. .

BuJfer Brown

City Clerk

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