LB840 LOCAL OPTION MUNICIPAL ECONOMIC DEVELOPMENT ACT

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1 LB84 LOCAL OPTION MUNICIPAL ECONOMIC DEVELOPMENT ACT

2 ECONOMIC DEVELOPMENT FUNDING SOURCES Private Funds State & Federal Funds LOCAL FUNDS Loan and/or re-use funds Municipal Publicity Act LB84 LOCAL OPTION MUNICIPAL ECONOMIC DEVELOPMENT ACT

3 LOCAL OPTION ECONOMIC DEVELOPMENT ACT IS A RECOGNITION OF: The growing competition ~ communities are aggressively recruiting business and families ~ if your community isn t, you face rural decline The historic limitation on the ability to adequately respond to opportunities The need for improved community capacity ~ as rural populations decline, property taxes paid per household or business rise in order to maintain essential services ~ communities need the necessary tools to expand their economic base

respond to opportunities The need for improved community capacity ~ as rural populations decline, property taxes paid per

4 Testimonial ~ Clinton Von Seggern It has been my experience as Lower Elkhorn NRD director, there are benefits to a limited and specific taxing authority. For the city of Scribner, it will provide the foundation and opportunity for matching grants and supporting local programs and businesses. This growth provides more jobs and opportunities for young people to stay in our community. Federal, state and philanthropic organizations have specific monetary programs for application. However, the local entity needs the resources to persuade them to invest in our projects.

For the city of Scribner, it will provide the foundation and opportunity for matching grants and supporting local programs and businesses.

5 LB84 Allows the use of general tax revenues only local option sales tax

6 The Community controls the program Remember this is a LOCAL option The Community gets to design the plan within the guidelines The Community administers the plan The Community is responsible for the plan and the use of the money

within the guidelines The Community administers the plan

7 Who can impose the tax? Villages and cities may participate, but NOT counties Villages/cities may operate a program jointly under the Interlocal Cooperation Act

8 LB 84 Communities

9 LB 84 Communities LOUP CITY

10 SALES TAX Program is in effect 15 years Estimated collection is $11, per year for a total anticipated collection of $1,65, Must be spent as intended and approved by voters Amendments require new ballot issue To be divided by vote Project Development 65% Economic Development Operations 35%

intended and approved by voters Amendments require new ballot issue To

11 Rules for tax collection Only collected within city limits Collected on vehicles registered within city no matter where purchased-but money is now required to go into a separate fund (LB94, 26) Not collected on items delivered outside city limits

purchased-but money is now required to go into a separate

12 Where can funds be used?? Can only collect taxes within city limits but can spend the funds outside the city limits.

13 RESTRICTIONS NO municipality shall appropriate in any one year more than: The amount approved by the voters.4 percent of the actual valuation of the municipality for LB84 $1,, (2nd class cities & smaller) $2,, (1 st class cities) $3,, (Lincoln or Omaha)

4 percent of the actual valuation of the municipality for LB84

14 The Voters must approve: The program (written plan) AND the tax

15 Testimonial - Gloria Swanson Hi.I like the many positives of Scribner, the need to continue to be proactive for economic development along with city projects. Sources of revenue are limited and a local sales tax will provide a small, but steady stream of funds to be used in the future for our children and grandchildren. I plan to vote for the sales tax and economic development plan. I hope you will join me with your support and vote YES for both.

16 Current supporters of Economic Development Sustaining the Momentum! JOBS Grant Jim Gallant Ken Hurt Scribner Bank Scribner Grain Scribner Insurance Swanson Insurance Scribner Rescue Squad City of Scribner Chamber of Commerce Scribner Housing Rustler Sentinel Great Plains Communications Scribner Improvement & Industrial Corp. $25, Legal Services Accounting Services Office, Postage, Laptop computer and printer $1, Start-up costs Use of copy and fax machine Liability Insurance 15% of billed services $15,/year for grant writing & support (29 $18, per year) $1,2 per year Assist EDC in planning and implement strategy to achieve housing goals Public support of position evidenced by newspaper articles and media releases 3 year commitment for a total of $7,5 for start-up costs of EDC position Start up costs, seminars, salary and travel expense

Plains Communications Scribner Improvement & Industrial Corp.

17 What has been accomplished? 26 Grants Awarded City Match Other Match provided by: Childcare Center 1,. JOBS Grant - Fund ED start-up Great Plains Communications ED Activities Community Enhancement Program 25,. 3,. 15,. 3, Volunteers Creating Results! City ~ also provided water and electricity to site

JOBS Grant - Fund ED start-up Great Plains Communications ED Activities

18 Raising Money ~ Building Dreams Lower Elkhorn NRD Fremont Area Community Foundation 27 Fire Prevention and Safety Grant JOBS Business Revolving Fund Robert & Jeanette Hunt Foundation Challenge Grant Robert and Mary Ann Dostal Fund Great Plains Communications ED Activities CDAA tax credits Sports Complex 3,. 18,45. 25,. 5,. 3 21,. 2,5. 25,. City Match Other Match 3, NCIP committee fundraising 25, Grant & NCIP committee fundraising 119, Grant & Committee Fundraising 4% tax credit to individual donor

Communications ED Activities CDAA tax credits Sports Complex 3,. 18,45. 25,.

19 Can We Build It? Yes, WE CAN!!!! 28 Award City Match Other Match Fire Prevention and Safety Grant 2,55. JOBS Housing - New Property Acquisition 25,. CDAA tax credits Sports Complex 25,. 4% tax credit to individual donor CDAA Tax credits kidzone 25,. 4% tax credit to individual donor Great Plains Communications ED Activities 2,. USDA RBEG Curb, Street & Gutter 197,2. 66,589 2,644 Scribner Improvement & Industrial Corp. Fremont Area Comm. Found. Library 2,774. 3,6 Library Raised Funds Fremont Area Comm. Found. Legion 2,. 1,4 Legion Raised Funds Grant amount total $524, ,589

4% tax credit to individual donor Great Plains Communications ED Activities 2,. USDA RBEG Curb, Street & Gutter 197,2.

20 Building Roads & Leadership for the future.. Project $$ Raised Scribner-Snyder Sports Complex $152, Boulevard; Sod and Holiday Lighting $58 Youth Leadership for Scribner C s and Snyder Lion s Club $ % Interest Housing Construction Loan; % Interest Down Payment Assistance for qualified buyer Total Grant & Project $$ invested in community 26, 27, 28 $7, $748,396.96

21 Boulevard; Sod and Holiday Lighting $58 Youth Leadership for Scribner C s and Snyder Lion s

21 Types of eligible Activities A revolving loan fund from which low interest loans, forgivable loans, grants matching CDBG funds, commercial real estate improvement grants/loans, performance based loans. These loans contribute to the sales tax base and contribute to the property tax base. Purchase of real estate or real estate options. Costs associated with TIF financing Community Development Activities which could include: Swimming Pool Improvements City Hall Improvements Library Improvements Tourism related activities Quality of Life Improvements

22 Eligible Activities Cont. Public Works and Community Infrastructure Improvement Grants to Qualifying Businesses Payment of salaries to run the Program Job Training Grants and Loans Loans, Grants, and Loan Guarantees for Qualifying Businesses Purchase or Option to Purchase Real Estate Business Recruitment activities

23 QUALIFYING BUSINESSES Manufacturing Research and Development Telecommunications Tourism-related Activities Housing Rehab and Construction (Low-Moderate Income) Processing, storage, transport, sale of services, or sale of goods which are sold or traded in INTERSTATE commerce, Headquarter facilities for one of the above

24 Can retail be assisted? CITIES/VILLAGES POPULATION 2,5 (or less) A qualifying business is ANY corporation, partnership, or sole proprietorship

25 ELEMENTS OF PLAN ~ Oversight Methods Loan Committee Representative from Scribner Bank The Mayor or his/her appointee from City Council Member of either SIIC, SACC, or other private business development corp. or local business owner Two members of the Citizens Advisory Committee Citizens Advisory Committee ~ 5-7 committee members review and recommend projects. Committee members could include: (By law no one on committee can be in a decision making position as to where the funds are spent.) Small Business Owners Private Citizen Those familiar and experienced with Economic Development Program Those that hold special knowledge or expertise in Economic Development Activities Representatives from local financial institution that are not represented on the loan committee City Council and Mayor Council holds final vote of all projects

26 CA/REVIEW COMMITTEE The Citizen Advisory Review Committee shall: Review the functioning and progress of the economic development program at regular meetings, Advise the Governing Body with regard to the program, and Report to the Governing Body at a Public Hearing (every 6-month period)

27 TIME LINES SPECIAL ELECTION BALLOT (June 9 th, 29) Notice RECEIVED by Dept. of Revenue at least 12 days before next quarter begins) Sales tax collection projected to begin Jan 1, 21 First month city receives collections varies depending on local taxpaying structure contact NE Dept of Revenue for accurate dates

28 Vote Yes for Scribner On June, 9 th, 29 Yes, 1 1/2 % Sales Tax Yes, Economic Development Plan Vote Yes on Both Issues for the Future of Scribner

29 Questions? Deb Eggleston Scribner Economic Development Center P.O. Box K 48 Main Street scribnerne@yahoo.com Al Vacanti City of Scribner P.O. Box D 58 3 rd Street cityofsc@gpcom.net Or Kathy Lodl ~ Rustler Sentinel P.O. Box 37; 31 Depot Rd. rustlersentinel@gpcom.net

30 Thank You Scribner LB84 Committee Deb Eggleston Kathy Lodl Bob Marksmeier Lynn Schnoor Ken Thomas Al Vacanti Nona Wiese

CITY OF BEATRICE, NEBRASKA ECONOMIC DEVELOPMENT PROGRAM (LB840)

CITY OF BEATRICE, NEBRASKA ECONOMIC DEVELOPMENT PROGRAM (LB840) Effective April 1, 2013 March 31, 2023 TABLE OF CONTENTS NEED AND PURPOSE 1 SECTION I. GENERAL COMMUNITY AND ECONOMIC DEVELOPMENT STRATEGY