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Report of Each City in the State of Nebraska Currently Engaged in Redevelopment Projects Using Tax Increment Financing

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Report of Each City in the State of Nebraska Currently Engaged in Redevelopment Projects Using Tax Increment Financing FOR CITIES USING TAX INCREMENT FINANCING Butter-Nut West Building, Omaha nqulia wun, umana STATE OF NEBRASKA DEPARTMENT OF PROPERTY - ASSESSMENT & TAXATION I MARCH 1,2004 C4mERlNE D. UNG, PROPERTY TAXADMIN/MTOI? DEPARTMENTOF PROPERTY ASSESSMENT & TAXATION Catherine D. Lang Property Tax Administrator Mike Johanns Governor March 1,2004 Clerk of the Legislature: The following pages contain a detailed report of each city in the state of Nebraska currently engaged in redevelopment projects using Tax Increment Financing. This report is required under section 18-21 17.1 (2), R. S. Supp., 2000. The report contains information coordinated by City Officials and County Assessors. Each project has the type of property and a history of yearly assessments and the taxes levied. The remarks on each city project states the specific name of the project, location, a short narrative description of type of development undertaken by the city and other pertinent information that will assist in understanding the data. The base value remains constant unless noted and the excess value may or may not change yearly. Should you have any questions, please feel free to contact my office or Laz Flores at (402) 471 -5979. Sincerely, Catherine D. Lang u Property Tax Administrator 1033 "0"Street, Suite 600 Lincoln, NE 68508 Phone (402) 471-5984 Fax (402) 471-5993 Website: http: //pat.nol.org/ email: [email protected] An Equal OpportunitlJAffimative Action Employer Printed with soy ink on recycled paper City Index City County Page* City County Page* Alma ..........................Harlan ........................I27 McCook ......................Red Willow ..................174 Atkinson .....................Holt. ...........................128 McCool Junction ........ York ...........................I95 Aurora ........................Hamilton ...................... 125 Minden .................... Keamey .....................132 Beatrice ......................Gage ......................... 121 Nebraska City ..............Otoe ..........................-167 Beaver City .................Eurnas ........................I20 Neligh ........................Antelope ................... ..20 Bellevue ..................... Sarpy ........................ .I76 Norlfolk ......................Madison ......................161 Blue Hill ..................... Webster ..................... 194 North Platte .................Lincoln ...................... ..I57 Brady .........................Lincoln ........................157 Ogallala ...................... Keith ......................... .I33 Broken Bow ................ Custer ........................ 40 Omaha .......................Douglas ......................57 Cairo ......................... Hall ............................I22 O'Neill ...................... ..Holt .......................... ..I28 Cambridge ..................Furnas ........................120 Ord ............................ Valley ........................ .I92 Central City .................Merrick .......................I64 Paxton .......................Keith ..........................3.33 Chadron ................... ..Dawes ........................43 Plainview ................... .Pierce .........................I 71 Columbus ................. Platte .........................172 Plattsmouth ................ .Cass ......................... 31 Clay Center ............... ..Clay ...........................36 Ralston ......................Douglas ......................57 Cozad ........................Dawson ..................... .45 Ravenna ................... ..Buffalo ...................... .21 Curtis .........................Frontier ...................... 119 Roseland.. ................. ..Adam ........................l David City ...................Butler ...................... .30 Schuyler .....................Colfax ........................38 Fairmont .....................Fillmore ...................... 118 Scottsbluff .................. .Scotts Bluff ................. .166 Fullerton ..................... Nance ........................ 154 Sidney ........................Cheyenne ...................33 Geneva ......................Fillmore ......................I18 So. Sioux City ..............Dakota .......................A1 Gering ........................ Scotts Bluff ................. .I66 Stromsburg .................Polk ...........................173 Gothenburg ................ .Dawson ...................... 45 Sutherland ..................Lincoln ...................... ..I57 Grand Island ................Hall ............................122 Sutton ........................ Clay ...........................36 Hastings .....................Adams ....................... .1 Tecumseh ...................Johnson ......................I31 Henderson ................ York ...........................195 Wahoo ...................... Saunders .................. ..I80 Holdrege ................... ..Phelps ........................I 68 Wakefield ................... Dixon ......................... 56 Keamey ...................... Buffalo ...................... .20 Waterloo .....................Douglas ..................... .57 Kenesaw ....................Adams ........................1 Wausa ........................Knox ......................... -2 Kimball ...................... .Kimball .......................1.41 Wayne ........................W ayne ....................... .I93 Lexington ....................Dawson ......................45 West Point ................ ..Cuming ......................39 Lincoln .......................Lancaster ................... 143 York ............................ 01%........................... I95 Louisville .................... Cass .......................... 31 * Page number refers to first page of the county 1 e Tax Increment Financing (TIF) Report February 06,2004 1 * Page 1 COUNTY: 1 ADAMS 1 I CTL Proiect Name Project date City Remarks I - TIF ALLURE CONDOMINIUM 12/10/1993 HASTINGS Name of Project: Allure Condominiums 512-516-520 West F St. Class 3 CTL # Proiect did not start till sometime after 1993. ! LL Base Code 01-0018 Affiliated Code 19 ~escri~tion:Provided funds to buy down the cost of 3 single family condominums. Year I Base Value ] Excess Value I Tax Rate I Tif Base Tax I Tif Excess Tax 1993 1 I 2.99780000 1 I 2001 203,035 2.1 9967400 197.64 4,466.1 1 2002 203,035 2.26940700 203.91 4,607.69 2003 203,035 2.39446300 215.14 4,861.60 Current Year ! Base Value 1 Excess Value Totals: 1,467.55 31,352.52 -- Residential - 8,985 ; 203,035 Commercial 0 Industrial 0: 0 Other 0 1 0 I I I 1 - CT: Proiect Name Project date City Remarks TIF ANDERAND LLC 11/18/1996 HASTINGS Name of Project: Anderand, LLC Class 3 Lots 1.2,3,6,7,8 of Block 4. Dawes and Foss First addition and Lot 1. CTL # Anderand Subdivision. Base Code 01-0018 Affiliated Code 21 Description: Funded the removal of an existing vacant building, public parking and landscaping on public right of way. A new convenience store and food court was built on the site. Year Base Value Excess Value Tax Rate Tif Base Tax Tif Excess Tax 1996 2.78264800 1997 45,610 679,975 2.770471 00 1,263.61 18,838.51 1998 679,975 2.28389900 1.041.69 15,529.94 1999 713,975 2.24264400 1,022.87 16.011.92 2000 929,595 2.17285900 991.04 20.198.79 200 1 929,595 2.19967400 1,003.27 20,448.06 2002 929,595 2.26940700 1,035.08 21,096.29 2003 929,595 2.39446300 1,092.11 22,258.81 Excess Value Totals: 7,449.67 134,382.32 ----- +- - - .-. Residential Commercial --45,610 929,595 Industrial 0; -. --- Other 0 1 Tax Increment Financing (TIF) Report February 06,2004 - Page 2 COUNTY: IADAMS 4 CTL Project Name Project date City Remarks TIF BECKER WAREHOUSE, INC 0512011 994 HASTINGS Name of Project: Becker Transportation Warehouse 4 Lots 1-9, Block 15, Veiths Park addition -Area V, City of Hastings School:HASTINGS 18 Class 3 CTL # Description: Provided funds for water improvements and construction Base Code 01-001 8 Affiliated Code 6 of warehouse and storage facilities. - Year Base Value Excess Value Tax Rate Tif Base Tax Tif Excess Tax 4 1994 2.851 30000 1995 9,855 332,250 2.66270000 262.41 8,846.83 4 1996 332,250 2.78264800 274.23 9.245.35 .4 1997 332,250 2.770471 00 273.03 9,204.89 1998 332,250 2.28389900 225.08 9,432.54 - 1999 567,050 2.24264400 221.01 12,716.91 - 2000 567,500 2.17285900 214.14 12,330.97 ' 2001 568,465 2.19967400 216.78 12,504.38 2002 568,465 2.26940700 223.65 12,900.78 , 2003 568,465 2.39446300 235.97 13,611.68 .4 Current Year 1 Base Value I Excess Value Totals: 2,146.30 100.794.33 4 Residential i 0 0 .--AI Commercial 9,855 - 568,465 4 Industrial I 0 0 1 4 Other 0 o I 4 CTL Project Name Project date City Remarks TIF BlENKOWSKl WALTER & DIANE 10114/1996 HASTINGS Name of Project: Bienkowski Storage Buildings 1 Lots 7-24, Block 15, Prospect Park Ave addition, Hastings School:HASTINGS 18 Class 3 CTL # Description: Provided funds for paving of new street and construction ' Base Code 01-0018 Affiliated Code 20 of small business complex and storage units. 4 Year Base Value Excess Value Tax Rate Tif Base Tax Tif Excess Tax 1996 23,975 2.78264800 1,108.19 I 1997 154,200 2.770471 00 1,103.34 4,272.07 , 1998 154,200 2.28389900 547.56 3,521.77 1999 161,910 2.24264400 537.67 3,631.06 '* 2000 210,810 2.17285900 520.94 4,580.60 1 2001 210,810 2.1 9967400 527.37 4,637.1 3 ..I 2002 210,810 2.26940700 544.09 4,784.14 2003 21 0,810 2.39446300 574.07 5,047.77 - rFreZ~ear Base Value EX&s value I Totals: 5.463.23 1 30,474.54 , - Residential I 0 23,975 210,810 Industrial 0 1 O0 1 Other I 0 1 0 Tax Increment Financing
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