City of Omaha Jim Suttle, Mayor

Honorable President

and Members of the City Council,

April 13, 2010

Planning Department

Omaha/Douglas Civic Center 1819 Farnam Street, Suite 1100

Omaha, Nebraska 68183 (402) 444-5150

Telefax (402) 444-6140

R. E. Cunningham, RA, F.SAME Director

The attached Resolution transmits the Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan for the adaptive re-use of vacant, deteriorated property at 5804 Ames Avenue, a Benson-Ames Alliance redevelopment site within North Omaha. The project site consists of an old, vacant two-story retail structure that will be developed into a new mixed­use commercial, retail and office complex, and a convenience storage facility.

The Redevelopment Project Plan recommends the City's participation in the redevelopment of the project site by creating a new mixed-use commercial complex through the allocation of Tax Increment Financing (TIF) in an amount up to $662,287.00, based on TIF eligible costs of $3,718,589.00. The total project cost is estimated to be $3,937,089.00.

Your favorable consideration of this Resolution will be appreciated.

Respectfully submitted.., Referred to City Council for Consideration:

~~~D ~e Planning DirEtor 1((:/

Approved:

Pam Spaccarot Ila Finance Director

Date

~

Notice of Publication and Public Hearing: April 15, 2010 and April 22, 2010

Public Hearing: May 4, 2010

Plnlsfl 3 78-cover letter

2Apvd2o/o Date

'/- z.--10

Date

Exhibit "A"

AMES PLAZA, LLC

TIF REDEVELOPMENT PROJECT PLAN

Located at 5804 Ames Avenue

March 2010

Jim Suttle, Mayor City of Omaha

PLANNING • OMAHA

R. E. Cunningham, RA, F. SAME Director Planning Department

Omaha/Douglas Civic Center 1819 Farnam Street

Omaha, Nebraska 68183

Date:

To:

From:

Project

INTER-OFFICE COMMUNICATION

October 14, 2009

Chairman and Members of the Omaha Planning Board

R.E. Cunningham, RA, F.SAME, and Planning Department Director

Ames Plaza, LLC TIF Redevelopment Project Mixed-Use Development 5804 Ames Avenue Omaha NE, 68104

The Ames Plaza, LLC TIF Redevelopment Project is the adaptive re-use of the vacant deteriorated property. The project is to develop a new mixed-use commercial, retail and office complex at 5804 Ames Avenue, a North Omaha redevelopment site.

The proposed project plan request city support for the project through the approval of the redevelopment plan and the authorization of TIF to be used as an economic development tool to assist in financing TIF eligible acquisition, demolition, site development and related public improvement cost as may be required.

The project site and area meet the requirements of Nebraska Community Development Law and qualify for the utilization of Tax Increment Financing to cover cost associated with project development based on plans as submitted for approval through the Tax Increment Financing process.

Recommendation: The department recommends approval of the Ames Plaza, LLC TIF Redevelopment Project Plan for the acquisition and redevelopment of the building site and abutting area at 5804 Ames Avenue to facilitate the development of a mixed-use building that provides Convenience Storage, office, commercial and retail space.

The approval is conditioned upon strict compliance with all requirements contained in the Special Use Permit as approved by the Omaha City Council and the conditions contained in the approval of TIF for the project. The approval of the plan facilitates measures required for the completion of the project through the approval of the plan and the subsequent agreement by the Planning Board and City Council as appropriate.

Applicant·

Debt Service Payments Total Less Pre- TIF Treasurer's Revenues ----- --------

Taxable Development Taxable Tax Tax 1%CoHectton Available Interest at Loan Capitalized Interest at DATE Valuation Base Valuation Levy Revenues Fee ForTIF Loan Principal 5.00% Total Bala.nee Interest 5.00"A>

-- ---- -- ---- -·-- ··-- -- ----0 $600,000

0.5 $ 0 $ 2.13427 $ $ $ $0 $0 $0 $015,000 15000 15000 1 $ 0 $ 2.13427 $ $ $ $0 $0 $0 $630,375 15375 15375

1.5 $ 0 $ 2.13427 $ $ $ $0 $0 $0 $646, 134 15759 15759 2 $ 0 $ 2.13427 $ $ $ $0 $0 $0 $062,287 16153 16153

2.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $18,800 $16,557 $35,357 $643,487 0 16557 3 $ 3,346,730 0 $ 3,346,730 2 13427 $ 35,714 $ 357 $ 35,357 $19,270 $16,087 $35,357 $024,217 0 16087

35 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $19,752 $15,605 $35,357 $604,465 0 15605 4 $ 3,346,730 0 $ 3,346,730 2.13427 s 35,714 $ 357 $ 35,357 $20,245 $15,112 $35.357 $584,220 0 15112

4.5 $ 3,346.730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $20,751 $14,606 $35,357 $563,469 0 14606 5 $ 3,346,730 0 $ 3,346, 730 2 13427 $ 35,714 $ 357 $ 35.357 $21,270 $14,087 $35,357 $542,199 0 14087

5.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $21,802 $13,555 $35,357 $52-0,397 0 13555 6 $ 3,346.730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $22,347 $13,010 $35,357 $498,050 0 13010

6.5 $ 3,346,730 0 $ 3,346,730 2.13<427 $ 35,714 $ 357 $ 35,357 $22,906 $12,451 $35,357 $475, 144 0 12451 7 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $23,478 $11,879 $35,357 $451,666 0 11879

7.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $24,065 $11,292 $35,357 $427,601 0 11292 8 $ 3,346,730 0 $ 3,346,730 2.13<427 $ 35,714 $ 357 $ 35,357 $24,667 $10,690 $35,357 .$402,934 0 10690

8.5 $ 3,346,730 0 $ 3,346,730 2.13<427 $ 35,714 $ 357 $ 35,357 $25,284 $10,073 $35,357 $377,650 0 10073 9 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $25,916 $9,441 $35,357 $351,734 0 9441

9.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $26,564 $8,793 $35,357 $325, 170 0 8793 10 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $27,228 $8,129 $35,357 $297,942 0 8129

10.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $27,908 $7,449 $35,357 $270,034 0 7449 11 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $28,606 $6,751 $35,357 $241,428 0 6751

11.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $29,321 $6,036 $35,357 $212,107 0 6036 12 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $30,054 $5,303 $35,357 $182,053 0 5303

12.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $30,806 $4,551 $35,357 $151,247 0 4551 13 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $31,576 $3,781 $35,357 $119,671 0 3781

13.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $32,365 $2,992 $35,357 $87,306 0 2992 14 $ 3,346,730 0 $ 3.346,730 2.13<427 $ 35,714 $ 357 $ 35,357 $33,174 $2,183 $35,357 $54,132 0 2183

14.5 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $34,004 $1,353 $35,357 $20,128 0 1353 15 $ 3,346,730 0 $ 3,346,730 2.13427 $ 35,714 $ 357 $ 35,357 $34,854 $503 $35,357 $0 0 503

===== ======== ======== -- -- -- -- -- -- ========= ---$928,564 $9,282 $919,282 $677,013 $242,269 $919,282 $62,287

========== ========== =========== =========== ========== =========== =========== ASSUMPTIONS: ( F9 = calcula1e )

NOTE: This information is provided to assist in analyzing the Original Loan Amount $600,000 specific request to the TIF committee. This information is subject capitalized Interest $62,287 1. Assume No Pre-Development Base to change based on actual tax assessments. This schedule assumes Loan Balance Remaining $0 2. Loan Amount: $600,000 a 90% real estate v~uation and a 1.0 debt coverage ratio. The -- 3. Interest Rate 5.00% actual TIF amount available to fund site specific project cost v.111 $662,287 4. Project Hard Costs $3,718,589 change based on the cost of public improvements. =========== 5. Increment Base: $3,346,730

Ames Plaza, LLC Tax Increment Financing

Mixed Use Development

Ames Plaza Redevelopment Plan 5804 Ames Avenue Omaha, NE 68104

February 2009

Ames Plaza Mixed Use Development TIF Application

Table of Contents

Project Directory 1

Biography of Arnn Agarwal 2

Rendering of East Side 3

Drawings of East Side 4

Rendering of South Side 5

Drawings of South Side 6

Site Plan w/ Landscaping 7

Unit Layout Interior Units 8

Unit Layout Exterior Units 9

Unit Mix 10

Project Description/Narrative 11

TIF Application 12-14

Financial Projections 15

Ames Plaza Mixed Use Development

Owner

Contact: Arun Agarwal 402-408-0005

Omaha, Nebraska

Project Directory

Ames Plaza, LLC 105 North 31st Avenue Suite 200 Omaha, NE 68131

Construction Manager White Lotus Construction 105 North 31st Avenue Suite 203

Contact:

Omaha, NE 68131

Ashley Freeman 402-557-6825

Structural Engineer Reznicek Structural Engineering 14811 Berry Circle

Contact:

Architect

Contact:

Omaha, NE 6813 7

Mark Reznicek 402-894-0112

Mark Sanford 402-598-0442

Mark Sanford Group 1306 North 162nd Street Omaha, NE 68118

Phone:402-346-5550 Fax: 402-344-2861

Phone:402-557-6825 Fax: 402-991-4807

Phone: 402-894-0112 Fax: 402-895-1712

Phone:402-598-0442 Fax: 402-493-3567

Arun Agarwal

As a former investment banker at Prudential Securities, Arun Agarwal focused on healthcare, real-estate initiatives. During that time, Arun had conducted a variety of public and private transactions of over $2 billion and including a $100 million private equity infusion towards Brookdale Living Communities with Capital Z Partners. Having developed a strong track record in the healthcare, real-estate market, Arun Agarwal began his own private equity firm in 2002, returning to Omaha, Nebraska to set up home base for DANA Partnership. That firm continues to facilitate projects within the real-estate and healthcare markets. The team completed a hotel acquisition and development in Winter Park, Colorado in 2003, and a variety of other projects including: Condominiums, self-storage, office, retail and housing.

The healthcare initiatives have been growing at an equivalent rate with strong relationships within the sector. Arun Agarwal was a founding partner of Nebraska Advanced Radiology, a free-standing PET/CT imaging business. The facility includes the development of medical office and ancillary services including: physician practices, esthetic laser therapy, surgery, rehab therapy, and pharmaceuticals.

In 1997, Arun built the first of 5 self-storage facilities named Armor Storage in Council Bluffs, Iowa, and has since built three (3) in Nebraska including Papillion and Omaha. The facilities have a general manager, and utilize the latest technologies for client convenience including web-based security and payment options.

Arun was a graduate from the Wharton School of Finance at the University of Pennsylvania in 1998, where he was awarded the Wharton Award for Academic Achievement.

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MARK SANFORD GROUP, LLC 130(iN.!62ndST.

OMAHA, NH 68118

PHONE: 402.598.0442

FAX:402.493.3567

msgllc@cox.net

Reznicek Engineering STRUCTURAL ENGINEER.ING -·-----...:.:::..:.. ... ....., ..... ___,,..,

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Project Unit Mix

Climate Unit Size #Units o/o Sq Ft Control

3x10 4 .5°/o 120 y

5x8 2 .5°/o 80 y

5x10 30 5°/o 1500 y

6x8 13 1.5°/o 624 y

6x10 15 3°/o 900 y

8x10 10 2.5°/o 800 y

9x10 33 9°/o 2970 y

10x10 92 29°/o 9200 y 10x15 26 12°/o 3900 y

10x17 11 6°/o 1870 y 10 x 20 28 18°/o 5600 y 10 x 25 18 13% 4050 y

TOTAL 282 31,614

Project Description and Narrative of Ames Plaza Mixed Use Development

Ames Plaza, LLC recently purchased Ames Plaza located at 5804 Ames A venue with the intent of redeveloping the existing structure and adding a climate controlled state of the art storage facility for the existing chain, Armor Storage.

The certain real property is located at 5804 Ames Avenue in Omaha, Nebraska, and legally described as BENSON HEIGHTS LOT 86 BLOCK 0 S 23 E 75 FT LOT 84 & E 75 FT LT 85 & E 75 N 89.5 FT LOT 86 & S 23 FOT LOT 89 and AMES COMMERCIAL CONDO PROPERTY REG LOT 5804 BLOCK 0 SUITE 5804, as surveyed and recorded in Douglas County, Nebraska (the "property"). The site consists of 6.2 acres of land with a two story retail structure that is vacant. The remaining land on the site is unimproved.

Ames Plaza, LLC intends to redevelop the former Ames Plaza into for lease office and retail on the upper level. The upstairs will be 39,000 square feet of tenant space. The lower level portion of the building will be 39,000 square feet of interior self storage which includes 1,500 square feet of office space. The storage portion of this site will include the construction of exterior storage units on the west side of the existing structure. It is anticipated that construction will begin on the improvements as set forth in the site plan, late second quarter 2009 and will be completed forth quarter 2009. Ames Plaza, LLC is in the process of negotiating with contractors for the construction of the improvements on the Property. Ames Plaza, LLC has contracted with Mark Sanford Group for architectural and Reznicek Engineering for the structural aspects of the improvements.

The Site and Building Construction Cost Breakdown is estimated to be approximately Three Million Nine Hundred Thousand Dollars ($3,900,000.00). The Project Timeline consists of approximately five (5) months to develop and construct the project. Our expectations are for a spring 2010 opening.

An onsite manager will perform the day to day operations of the new Armor Storage facility. The manager will be supervised by the current Armor Storage district manager who currently oversees the daily operation of 6 other locations.

White Lotus Construction, a minority, woman owned construction firm, will manage the development and construction of the facility. White Lotus Construction has a combined experience of nearly 30 years in construction and real estate development. White Lotus Construction has managed the development and construction of several Storage facilities. The company recently completed the construction on Armor Storages fifth location in Papillion consisting of over 50,000 square feet.

Introduction

Ames Plaza, Limited Liability Company Tax Increment Financing

Redevelopment Project Plan with Armor Storage at 5804 Ames Avenue

Armor Storage was founded in 1999 by Arun Agarwal. Armor Storage was established to provide safe, clean and affordable storage to customers, in an apparent underserved market. Armor Storage has since opened 5 locations and has an aggressive 5 year plan for 10 more locations nationally. The primary mission of Armor Storage remains the same, to provide the clean, safe, affordable and easily accessible storage so many customers demand. The ribbon cutting ceremony of the most recently opened facility drew in the attendance of the city mayor, Chamber of Commerce members and other city officials.

The redevelopment of Ames Plaza will enable Ames Plaza, LLC and Armor Storage to fill a site that has been abandoned and vacant for over 20 years, while at the same time providing services and amenities to businesses and residents of North Omaha. The self storage complex will feature climate controlled storage areas, units as large as 250 square feet and security systems with surveillance.

The upper level retail will contain 39,000 square feet of usable space for retail and commercial tenants. The retail and commercial sections will be accessible from the Ames A venue East entrance. A significant parking lot on the East side will provide ample parking for this facility and surrounding commercial neighbors. The lower level storage will consist of 39,000 square feet of storage along with 9,000 square feet of, well lit, exterior storage. Access to the storage facility will be from the Ames A venue West Entrance.

Financing

Total Project Cost is estimated to be approximately $3,900,000. Without Tax Increment Financing ("TIF") this project cannot move forward. The TIF Request is for $800,000. The TIF estimated eligible hard cost is approximately $2,055,000. The TIF requested represents approximately 20% of the total project. The remaining cost is funded through owner equity and traditional financing. The TIF and project costs are subject to adjustment based on final estimates. The TIF amount is subject to change and is approved up to and not to exceed $800,000. Additional financing information may be provided to support the funding requested.

This project involves the complete renovation of the Ames Plaza building, to include complete demolition of roofing and flooring. This project revitalizes and puts back to use, a building that has been vacant for over 20 years.

Cost Benefit Analysis

The use of Tax Increment Financing for this project will not result in the loss of tax revenue for Omaha. The current level of taxes will continue to flow to the current taxing entities and only the increased value of revenues resulting from the improvements will be applied to the eligible cost. No community/public service needs will be generated as a result of this project. The proposed TIF will be used to offset site acquisition, site demolition, site development, renovation and public improvement cost, which are eligible expenses. The renovation and expansion of this site will enhance business development in the area.

This development will impact other businesses in the area as it increases traffic and increases the availability of storage opportunities in North Omaha. Public entities, businesses and individuals who require the use of storage will find it convenient and efficient to have a climate controlled facility nearby. The service will be in demand now and into the future. The new business will attract individuals seeking employment and will require the contracting of services to maintain the facility.

The current property tax system is able to accommodate the development and the long term tax benefit resulting from an increase in the tax base from the development is another valid reason to approve TIF assistance for the project.

Land Use/Zoning

Currently the site is zoned GENERAL COMMERCIAL ('GC"), where the retail, office and storage will be located. Ames Plaza, LLC has submitted and been approved for a special use permit on the proposed lower level storage. The north portion of the site, facing Fowler Street, is currently zoned SINGLE-FAMILY RESIDENTIAL ('R3 ').

Landscaping Plan

The current site lacks landscaping and green space. The site plan shown on page 5 of this application, shows the addition of landscaping to the redeveloped site. The entrance to the storage on the Southwest portion of the site shows a 35 foot buffer filled in with attractive bushes and trees, with the back drop being a brick fence. This same landscaping is continued on the southeast entrance to the property. The new site will also feature planter boxes (more than likely moveable), on end caps to parking rows. Please note that this plan is contingent upon the availability of irrigation, some aspects of this plan may be altered or eliminated depending on resources.

Pedestrian Plan

The renovation plan for this site will also provide a more defined pedestrian path from Ames Avenue to the retail/office portion of the site.

*Note: All plans in the application are subject to changes.

Compliance

Mandatory Criteria:

1. The project is located within a blighted area as defined in the State Statutes.

2. The project furthers the objective of the City's Comprehensive Plan by providing a much needed service to current and future individuals, business and government entities in the area.

3. The use of Tax Increment Financing will not result in a loss of pre-existing tax revenues to the City and other taxing jurisdictions. The project presently consists of a building that has been vacant for 20 years. All of the revenue which will be utilized to pay the Tax Increment Financing Note will come from additional valuation on the site resulting from the improvements to be constructed on the site. 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 pre-existing tax revenues.

4. As set forth above, the project is not economically feasible without the use of tax Increment Financing. Further, based upon the projection set forth above, it is reasonable to conclude that this project would not occur in this area without TIF.

5. The project will also eliminate an actual or potential hazard to the public, as it is currently a placarded building with several violations. The project is located in a designated "blighted" area and development in this area will not occur without TIF. If this type of development does not occur in this area, the area may decline in taxable value through the continued under-utilization of the ground in this area.

Discretionary Criteria

In addition to meeting the mandatory criteria above, this project meets four ( 4) or more of the discretionary criteria set forth in the TIF requirements, including but not limited to the following:

1. As a non-residential project, at least 51 % of the jobs created will be held by or available to low and moderate income households.

2. The project is located within a blighted area as defined in the State Statutes.

3. The site displays conditions of blight as established by Nebraska state Statute.

4. The redevelopment site has displayed a recent pattern of decline in real property value as measured by the Douglas County Assessor's Office.

5. The project involves the start-up of an entirely new business or business operation with in the City of Omaha.

6. The redevelopment site has displayed a pattern of declining real property assessments as measured by the Douglas County Assessor's Office.

Ames Plaza, Limited Liability Company Tax Increment Financing

Financial Projections

Total Project Cost

$50.00 per finished square foot@ 78,000 sq. ft=$ 3,900,000

Eligible TIF Costs

Architectural/Engineering Fees Demolition Excavating Site Utilities Land Acquisition Landscape/Pedestrian Lighting Fire Sprinkler System Parking Lot Repairs/ Asphalt Exterior Building Renovation Asbestos Removal Total TIF Eligible Costs

$75,000 $360,000 $25,000 $250,000 $500,000 $100,000 $60,000 $150,000 $150,000 $320,000 $65,000 $2,055,000

TIF Request of $800,000 is approximately 20o/o of Total Project Cost ($3,900,000)

* Please note that the substantial change in request is for the completion of the retail/office interior portion of the project, which was originally left out of the request.

JOB Ames Plaza 58th Ames Revised As Of:

1-019 Site Acquisition $500,000.00

1-020 Allowances $0.00

1-026 Unit Prices $0.00

1-030 Alternates $0.00

1-040 Project Contingency $0.00

1-045 Owner's Contingency $0.00

1-050 Engineering I Architect $75,000.00

1-055 Blueprints & Copying $5,000.00

1-056 Mailing $500.00

1-060 Permits/Fees $5,000.00

1-080 Equipment Rental $7,800.00

1-100 Superintendent $60,900.00

1-101 General Superintendent $0.00

1-110 Project Manager Office $50,000.00

1-111 Project Manager Job Site $0.00

1-120 Contract Administrator $2,500.00

1-150 Safety Meeting $1,200.00

1-160 Safety Director Office $0.00

1-165 Safety Director Jobsite $0.00

1-170 Estimator $0.00

1-200 Project Meetings $0.00

1-240 Preconstruction Services $0.00

1-300 Submittals $0.00

1-335 Security $0.00

1-380 Construction Fees $80,000.00

1-400 Soil Testing $0.00 1-410 Concrete Testing $2,500.00

1-500 Temp. Facilities $2,000.00 1-505 Temp. Phone $500.00 1-510 Temp. Elect. $5,000.00

1-515 Temp. Gas Heat $1,500.00

1-520 Temp. Water $500.00

1-525 Temp. Toilet $2,100.00

1-530 Tree Protection $0.00

1-540 Temp. Fence $0.00

1··550 Temp. Road $500.00

1-580 Project Signs $500.00

1-600 Field Office, Material & Equip. $0.00

1-610 Storage Trailer $0.00

1-700 Project Closeout $500.00

1-701 Layout $2,000.00

1-708 Dumpster/Dump Fee $7,800.00

1-710 Final Cleanup $3,900.00

1-730 Clean-up (During Project) $3,000.00

1-735 Travel $0.00

1-736 Hotel/Motel $0.00

1-737 Subsistence $0.00

1-740 Bonds $0.00

1-801 Insurance $5,000.00

1-900 Small Tools & Shop Supplies $0.00

2-010 Subsurface Investigation $0.00

2-020 Runoff & Sedimentation Control $0.00

2-050 Demolition $360,000.00

2-057 Asbestos Removal $60,000.00

2-088 Backfill $0.00

2-100 Site Clearing/Site Preparation $7,000.00

2-135 Fencing $46,000.00

2-140 Dewatering $0.00

2-150 Shoring & Underpinning $12,000.00

2-200 Rough Earthwork $10,000.00

2-210 Finish Earthwork $2,000.00

2-235 Misc Site Demo $1,500.00

2-280 Termite Treatment $0.00

2-300 Tunneling $0.00

2-350 Piles & Caissons $0.00

2-370 Auger Cast Concrete Piles $0.00

2-400 Site Drainage $6,000.00

2-440 Site Improvements $0.00

2-450 Retaining Walls (Stone/Rock) $0.00

2-500 Site Utilities $250,000.00

2-510 Curb/Gutter/Walks & Paving $170,000.00

2-511 Hot Mixed Asphalt Paving $13,500.00

2-580 Pavement Marking $4,500.00

2-660 Water Distribution $0.00

2-680 Fuel & Steam Distribution $0.00

2-710 Foundation Drainage $0.00

2-720 Storm Sewage $15,000.00

2-740 Septic Systems $0.00

2-770 Ponds & Reservoirs $0.00

2-780 Power & Communications $0.00

2-810 Site Irrigation $8,500.00

2-870 Site & Street Furnishings $3,000.00

2-900 Landscaping $50,500.00

3-100 Concrete Formwork $45,000.00

3-200 Concrete Reinforcement $20,000.00

3-250 Concrete Accessories $12,000.00

3-270 Sand Fill at Slab $0.00

3-300 Cast-in-Place Concrete (Ftngs) $0.00

3-350 Brushed Concrete Finish $0.00

3-370 Concrete Curing $0.00

3-400 Precast Concrete $0.00

3-450 Arch. Precast Concrete (Plant Cast) $0.00

3-500 Floor Concrete $128, 100.00

3-525 Frost Protection $0.00

3-550 Ground Heater $0.00

3-600 Grout $0.00

4-220 Concrete Block $80,000.00

5-100 Structural Steel Materials $175,000.00

5-100 Structural installation $180,000.00

5-700 Storage area Metals $185,000.00 Not an eli1

5-701 Storage area installation based on 28000 sq. ft. $28,000.00

5-702 Exterior Storage area 23370 sq. ft $0.00

6-050 Fasteners & Adhesives $1,000.00

6-100 Rough Carpentry $6,500.00

6-101 Rough carpentry Materials $2,000.00

6-200 Finish Carpentry $26,500.00

6-201 $3,000.00

7-500 Membrane Roofing $215,000.00

7-860 Gutters & Downspouts $0.00

7-910 Caulking $4,500.00

7-920 Sealants $4,500.00

8-100 Metal Doors & Frames $2,000.00

8-200 Wood Doors $1,000.00

8-250 Door Openings & Assemblies $0.00

8-300 Special Doors $0.00

8-330 Overhead Doors $4,000.00

8-800 Glass & Glazing $55,000.00

8-830 Mirrored Glass $0.00

9-255 Gypsum Board Assemblies $170,000.00

9-262 Gypsum Sheathing $0.00

9-270 Gypsum Brd Shaft Wall Systems $126,000.00

9-300 Ti!e $1,800.00

9-301 Flooring $2,600.00

9-900 Painting $46,000.00

10-260 Wall & Corner Guards/FRP $2,000.00

10-270 Ladders Roof Hatches $2,500.00

10-400 Identifying Devices/Signage $16,000.00

10e800 Toilet Accessories $3,500.00

10-880 Scales $0.00

10-900 Wardrobe & Closet Specialties $0.00

11~010 Window Washing Equipment $0.00

11-400 Food Service Equipment $0.00

11-400 Food service installation $0.00

12-010 Furnishings $0.00

12-050 Fabrics $0.00

12-300 Manuf. Casework $0.00

12-300 Casework Installation $0.00

12-500 Window Treatments $0.00

14-000 Fire sprinkler $153,789.00

$0.00

15-010 Mechanical General $0.00

15-050 HVAC General $150,000.00

15-052 Testing & Balancing $2,600.00

15-100 HVAC Piping, Valves & Access. $6,500.00

15-250 HVAC Insulation $0.00

15-400 Plumbing Systems & Equipment $131,000.00

16-010 Electrical General $100,000.00

$0.00

TOTAL $0.00 $0.00 $3,937,089,00

Handoff Data:

Douglas County Account Information Page 1of3

Douglas County, Nebraska Property Record - R0521045022

--~--

j--------·-·-----·----------·-·-1 ·-

Information is valid as of 2010-3-16 I NEW Feature - Parcel Dimensions available@ scale 0-50 ft west of 52nd St - View on Map

l Ireasllr~_r·s_Ta)( R~port

New Feature ......... Auto_Si:i!~s Sec:irch J I

Owner n"'"'~--~-··--·--,-·•••·-·-·-~m, __ ,, ___ ,,_h>-.-•-·-,----·---·--·--------~-··-•-;..-•,__,,,,_~--·---~--~~~--·-~-~-·--·--·-·-•~-.-.-... -n•n __ ,_ __ ,,__,,m_, _ _, _ _,,._, _ _,_,

AMES PLAZA LLC

105 N 31 AVE OMAHA NE 68131-0000

Information

Key Number: 2104 5022 05 ···-

Account Type: Commercial

Al,-£...--. 045022 ,._ •-w•• ,,.·~--

Parcel Address: 5804 AMES AV OMAHA NE 68104-0000

Legal Description: BENSON HEIGHTS LOT 86 BLOCK 0 -EX PTS TAKEN FOR STS-E 156.42 W1/2 LTS 77&78& N104.5 E163.8 FT LT 78 & S73.75 FT E320.22FT L T79 & N55.75FT LT79 & 8114 FT & N15.5 E203FT LT 80 &8119.5 E203 FT LT81 & S 119.5 W150

I FT LT82 & N15.5 W150 FT LT83 & -EX E85 FT- 5114 FT LT 83 & -EX E85 FT-N106.5 FT LT 84 & -EX E75 FT-523 FT LT 84 & -EXE 75 FT- LOTS 85 & 86

I Value Information

Land Improvement ·---·-.·-·-··---,,..,,.,,_._,_,,, ..... ~ .,.,._.~ ~---··---·--··-··-···----·~·----,~--·,_··~-·~·-2009 $180,200.00 $97,900.00 $278, 100.00

,~~.,--,~--~.,,~ ···----2008 $180,200.00 $97,900.00 $278, 100.00

----------~·--·---- --------2007 $180,200.00 $97,900.00 $278, 100.00

2006 $0.00 $0.00 $0.00

2005 $0.00 $0.00 $0.00

2004 $0.00 $0.00 $0.00

I Sales Information I

r __________ :a_l_e_s_o_ate: 12001-09_·25 ·-----~--------.---- ____ 1

l Deed Type: I WO i Book: I 2007 Page: I 109916 ··--·--··--·~--~-·~·------i----~---·--~·~----1-·--··---'--------·-----~--~---------·-

Price: I $0.00 I ............................................ j"""""""""'-"""'--""" __ ... _ .. , __ , __ ,,, ___ ,, __ .,_, ... _, ___ .. ____ ,_ .. _,, ____ ,,_,, __ ..... , _____ ... , •. _____ ., ____ ,,., __ ................................................ --................... ___ ................... .

Grantor: I 5800 LLC i ·-----·--------<----------- ------·----------

Grantee: I Lindsay Daniel F etal , .. _________ ·--·-!-----------------·-·--- ____________ .......... ____ _

Valid/Invalid: I Invalid ·--------·---------r-·-------·-------------------·-------·---""""

Exclusion Reason: l i !

Sales Date: 2007-09-25

Deed WO I Book: I 2007 I Page: j 109917

http://douglasne.mapping-online.com/DouglasCoN e/ static/ accountinfo .j sp ?accountno= RO 5... 312212010

Douglas County Account Information Page 2of3

I Price: I $500,000.00 I .______________ I - ---- ---- ----------i ············-·······-·······-········-·--·· --~~:~.~~~~---11_:_~~-~-=-=~------··-·----------------··--·-··----------·-------------------------·····-----·---------··------------···-····-·······················---··I

Grantee: Ames Plaza LLC --------,.----------t------------------

\lalidl/nva/id: I Valid ---------·--------+-----------·-------

Exclusion Reason:

n-d Information ~----r--------r-~---

res I SF l Units ---------------------------.-----

6.62 288367.2 I 1.0

~ovement Information

[suildinQ1

I Depth I ~idth I- Vacan--;---·---r -----r--------+----------

o.o ! 0.0 I No

~~~~ J r----· ------ I ._L_ _____ -=Cl..=JC"'". K""'. """TO~EN"". l..= .. A"-R""'G_E"'"IM=A_,,_G""'E'------~

Square Footage: Percent Complete: 100.0%

__ ·_-_--___ _Perimeter~_!~~-0----===----_· ~---- t------ ----· . 9uality: 1 _f!'-_~-i~-~g-~-~~-Unit Type: i Condition: I Worn Out

--~=~=~=-Built As: L~~ighborhood Shopp~~-Ce~er --+- Condo Sq~_To-~tag~O~~--~=~~= HVAC: I Package Unit I Rooms: I 0.0 .............................................. --------------------1------------------------·····-------·--·-----------t------------·-·--·-------·-------------·-----------1------··----------·

Exterior: i ! Units: I 1.0 -------~-,,,,,,_,_ .. ,~P~H~-~-~~ ------- -------------4-~---------~-~--- r-- ~ ~-~-~-- - µ ~-

Interior: I I Bath~: 0.0 -------Roof Cover: 1 Bedro~m;: --o:O _______ -

f---·-------- I '

Roof Type:! Flat - ___J Stories: 2-:-0 _____ _ ··-------------Fl~;;~~er: I -------------- I- ----- Foundation~T·---------------

--·--------·-· -+-- ----r--------- - ! ------.. ---------·-·

Year Built

1961

Year Remodeled

0

Percent Remodeled

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Built

1961

Physical Age

49

Detail Type Detail Description I Units .................................................... - ................. _ ................ _____________ ·--·---------------------------------·--·-----·--·-------·----·-·--···-------------·-···-------·----·-·----1·--·-----------·--··------·--··--· ............... , .................. . Add On Elevator Electric Freight 1 1.0

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Douglas County Account Information

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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 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 t-.1\AILING LIST RECEIVED L/ I 2- I I 0

RECEIVED BY ~ .J-n.J_ ~ i.,\1\;UNG tv\/\DE K rt.A~

U/IJE MAILf:D ____ Lf..:__-_:_1..::.6_-_-.:_/....:0::........:. __

City of Omalia, :Ne6ras~a

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 THE AMES PLAZA, LLC TAX INCREMENT FINANCING REDEVELOPMENT PROJECT PLAN

Notice is hereby given that the Omaha City Council has set Tuesday, May 4, 2010 at 2:00 p.m. as the date of Public Hearing on the Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan.

The Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan provides for adaptive re-use of vacant, deteriorated property located at 5804 Ames Avenue, a Benson-Ames Alliance redevelopment site within North Omaha. The project site consists of an old vacant, two-story retail structure which will be developed into a new mixed-use commercial, retail and office complex in addition to convenience storage on the west side, lower level of the structure. The plan recommends the use of Tax Increment Financing in an amount up to $662,287.00 to offset the cost of acquisition, demolition, site development and related public improvement costs. The total project cost is estimated to be $3,937,089.00.

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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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, a Special Use Permit was approved by the Planning Board at their January 9, 2008 meeting and the City Council by Resolution No. 962 on October 6, 2009 which allows Convenience Storage in a GC-General Commercial District; and,

WHEREAS, the Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan was approved by the Planning Board at their November 4, 2009 meeting subject to conditions to comply with current City of Omaha Ordinances; and,

WHEREAS, the Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan requests that the City of Omaha authorize the use of Tax Increment Financing (TIF) in support of the redevelopment project that provides for the adaptive re-use of vacant, deteriorated property; the project site consists of an old vacant, two-story retail structure which will be developed into new mixed-use commercial, retail and office complex in addition to convenience storage on the west side, lower level of the structure; and,

WHEREAS, the City of Omaha TIF Committee reviewed and recommended the approval of the Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan for the redevelopment of the project site located at 5 804 Ames A venue (See Attachment 1 for the legal description and survey of the site), a Benson-Ames Alliance redevelopment site within North Omaha; and,

WHEREAS, the upper level of the project site will contain approximately 39,000 square feet and will be developed into a new mixed-use commercial, retail and office complex, which will be accessible from the Ames Avenue east entrance; the lower-level of the project site will contain an interior, convenience storage facility of approximately 39,000 square feet along with 9,000 square feet of well-lit exterior storage, which will be accessible from the Ames Avenue west entrance; and

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

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

City Clerk

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

C-25A ' . CITY OF OMAHA

LEGISLATIVE CHAMBER

Omaha, Nebraska

Page2

WHEREAS, the Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan recommends the City's participation through the allocation of TIP in an amount up to $662,287.00 to offset the cost of acquisition, demolition, site development and related public improvement costs as may be required as indicated here in Exhibit "A" and attached hereto and made a part hereof; and,

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 for a period not to exceed fifteen years under Sections 18-2147 through 18-2150, Revised Statutes of Nebraska; and,

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

THAT, the attached Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan for the redevelopment project that provides for the adaptive re-use of vacant, deteriorated property located at 5804 Ames Avenue, a Benson-Ames Alliance redevelopment site within North Omaha; the project site consists of an old vacant, two-story retail structure which will be developed into new mixed-use commercial, retail and office complex and also convenience storage on the west side, lower level of the structure; and, the plan recommends the use ofTIF in an amount up to $662,287 .00 to offset the cost of acquisition, demolition, site development and related public improvement costs as may be required described in the redevelopment plan attached hereto and made a part of containing a provision for the division of ad valorem taxes under Section 18-214 7 through 18-2150, Revised Statutes of Nebraska, as recommended by the City Planning Department, be and hereby is approved.

APPROVED AS TO FORM:

~~ ~CITY ATTORNEY

Plnlsfl 3 78-res

~~ By ....................... , ...................................... ~ ....................... .

Councilme~ber

Adopted .... ~~4..20.10. .. ~,;;; 'J-0

···r~-4-z~s#~o Approved... ... ~y~;-

/ NO . ....... 'i/.~ ·················

~esolution by ................................................... .

Res. that, the attached Ames Plaza, LLC Tax Increment Financing Redevelopment Project Plan for the redevelopment project that provides for the adaptive re-use of vacant, deteriorated property located at 5804 Ames Avenue, a Benson-Ames Alliance redevelopment site within North Omaha; the project site consists of an old vacant, two-story retail structure which will be developed into new mixed-use commercial, retail and office complex and also convenience storage on the west side, lower level of the structure; and, the plan recommends the use of TIF in an amount up to $662,287.00 to offset the cost of acquisition, demolition, site development and related public improvement costs as may be required described in the redevelopment plan attached hereto and made a part of containing a provision for the division of ad valorem taxes under Section 18-2147 through 18-2150, Revised Statutes of Nebraska, as recommended by the City Planning Department, be and hereby is approved.

Plnl:,JJ 3 78-backing

Presented to City Council

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