Annual TIF Report

Total Number of Active TIF Projects Approved to Date: 30

Total Estimated Project Costs for Active Redevelopment Projects: $95,978,528.00

Initial Projected Valuations v. January 1, 2025 Actual Assessed Valuations: See attached spreadsheet

Number of TIF Projects Paid in Full During Past Calendar Year: 0

Number of TIF Projects Approved During Past Calendar Year: 3

1. Fakler Office Building – Located at 1007 North 6th Street; Construction of a professional office building; $50,000 TIF financing approved; $368,430 in estimated TIF eligible project costs.
2. Hybrid Turkeys – Located at 520 Tegtmeier Lane; Construction of an approximately 31,000 sq. ft. turkey hatchery; $1,588,795 TIF financing approved; $1,906,904 in estimated TIF eligible project costs.
3. Rare Earth Salts – Located at 5331 Element Ave; Construction of an approximately 15,625 sq. ft. industrial research laboratory building and an approximately 9,375 sq. ft. laboratory/office addition; $963,00 TIF financing approved; $2,200,000 in estimated TIF eligible project costs.
4. Covered Bridge Fifth Addition – Located in the West Half of Section 2, Township 3 North, Range 6 East of the 6th P.M., Gage County, Nebraska; Housing development project consisting of approximately 25 lots, made up of single-family residences, townhouses, and duplexes along with all required public improvements; $913,693 in TIF financing approved; $1,211,068 in estimated TIF eligible project costs.
5. Excel Development (Workforce Housing) – Located at 1109 North 9th Street, 1105 North 9th Street, 1018 North 19th Street, 1009 Arthur Street, 1017 Arthur Street, and 1019 North 11th Street; Construction of ten single-family residences along with all required public improvements, divided between two phases; $350,000 in TIF financing approved; $1,889,720 in estimated TIF eligible project costs.
6. RGH Properties, LLC – Located at 4115 North 6th Street; Construction of a vehicle wash facility and recreational vehicle/boat limited-service facility with outdoor storage for RVs and boats, along with all required public improvements; $460,000 TIF financing approved; $2,389,750 in estimated TIF eligible project costs.
7. Graham Street Redevelopment – Located at 308, 312, 316, 320, 324, and 328 Graham Street; Construction of a housing development project consisting of 6 single-family residences along with all required public improvements; $93,000 TIF financing approved; $675,000 in estimated TIF eligible project costs.
8. Exmark – Located at 415 Industrial Row; Purchase and rehabilitation of a building in the industrial park area of Beatrice; $1,646,575 TIF financing approved; $4,420,000 in estimated TIF eligible project costs.
9.  Homestead Junction (Phase 1) – Located on the South side of Irving Street; Construction of a an approximately 72 multi-family residential units in one or more apartment buildings and all required public improvements; $1,360,000 TIF financing approved; $3,725,631.20 in estimated TIF eligible project costs.
10. Parr Machine – Located at 2404 Centennial Drive; Construction of machine shop; $38,000 TIF financing approved; $51,500 in estimated TIF eligible project costs.
11. Hannibal View – Phase 1: located at 834 and 842 North 26th Street; $36,762 TIF financing approved for this phase; Phase 2: located at 816, 820, and 902 Sun Ridge Drive; $55,143 TIF financing approved for this phase; Phase 3: located at 819, 824, 828, 829, and 835 North 26th Street, and 806, 812, 814, 900, and 904 Sun Ridge Drive; $250,000 TIF financing approved for this phase; Phase 4: located at 805, 806, 818, 843, 905, 909, 2604, and 2605 North 26th Street, and 802, 803, 809, 813, 819, 825, 829, 903 Sun Ridge Drive; $140,095 TIF financing approved for this phase; the entire project consists of the construction of single-family homes and infrastructure improvements on lots that are currently vacant and unused; $482,000 total TIF financing approved for entire project; $482,116.23 in estimated TIF eligible project costs.
12. Beatrice Hospitality 2 – Located at 4031 N. 6th Street; construction of an extended stay hotel totaling approximately forty-seven thousand (47,000) square feet and approximately fifty (50) rooms; $470,000 TIF financing approved; $505,000 in estimated TIF eligible project costs.
13. Zarybnicky – Located at 713 E. Court Street; acquisition and renovation of commercial and residential structure; $24,000 TIF financing approved; $35,000 in estimated TIF eligible project costs.
14. Mullins – Located at 824 South Sumner Street; construction of a residential structure and utility extension thereto; $50,000 TIF financing approved; $50,000 in estimated TIF eligible project costs.
15. Zephyr Towers – Located at Lot 1 Zephyr Towers Addition; construction of a commercial structure; $448,000 TIF financing approved; $464,000 in estimated TIF eligible project costs.
16. Hevelone Building – Located at 112 & 114 N. 6th Street; remodeling of historic building for office space; $92,000 TIF financing approved; $500,000 in estimated TIF eligible project costs.
17. Hydos 323 Court Street – Located at 323 Court Street; renovation of the building located at 323 Court Street with two (2) upstairs apartments and a commercial space on the main floor; $65,000 TIF financing approved; $65,000 in estimated TIF eligible project costs.
18. Johnsons 1335 Ella Street – Located at 1335 Ella Street; acquisition and renovation of a single-family house located at said address; $26,769.03 TIF financing approved; $26,769.03 in estimated TIF eligible project costs.
19. Accuma – Located at 2101 Ridgeview Drive; construction of a 52,000 sq. ft. industrial building; $690,000 TIF Financing approved; $823,588.00 in estimated TIF eligible project costs.
20. TMK Enterprises, LLC (Phase 1) – Located at Block 1, Block 2, Block 4, and Outlot A, Covered Bridge Heights 7th Addition; construction of a residential development that will consist of duplexes and triplexes; Phase 1: consists of Lots 1 through 3, inclusive, Block 1, Covered Bridge Heights 7th Addition, consisting of approximately 8 lots that will consist of duplexes and triplexes; $158,000 TIF financing approved for Phase 1; $216,000 in estimated TIF eligible project costs for Phase 1.
21. TAH Properties, LLC (Phase 1) – Lots 1 through 3, inclusive, Soni Addition; development of 3 vacant lots into a commercial development; Phase 1: consists of Lot 2, Soni Addition for the development of a commercial development on a vacant lot; $309,000 TIF financing approved for Phase 1; $609,500 in estimated TIF eligible project costs for Phase 1.
22. Kinney Holdings, LLC – Lots 20, 23, 24, 26, and 27, Gage County Industrial Park Second Addition; construction of a 76,000 sq. ft. industrial building; $1,600,000 TIF financing approved; $2,308,770 in estimated TIF eligible project costs.
23. Nixon Enterprise, LLC – Lots 6, 7, and 8, Block 6 Paddock Addition to the City of Beatrice, Gage County, Nebraska; construction of an approximately 4,000 sq. ft. commercial development; $190,000 TIF financing approved; $596,100 in estimated TIF eligible project costs.
24. RWR, LLC (Phase 1) – Lots 1 through 7, inclusive, Crest 1st Addition to the City of Beatrice, Gage, County, Nebraska; acquisition of real property and the development of a forty-eight (48) unit residential complex; $445,553.12 TIF financing approved for Phase 1; $953,800 in estimated TIF eligible project costs.
25. Hoppe & Son, LLC – East Half (1/2) of Lot Eleven (11), and all of Lot Twelve (12), Block Forty-Nine (49), Original Town, now City of Beatrice, Gage County, Nebraska; redevelopment of the building located at 105 North 6th Street, Beatrice, Nebraska into first floor commercial space and upper floor residential apartments; $800,000 TIF financing approved; $940,000 in estimated TIF eligible project costs.
26. Paddock Lane Elementary School (Phase 1) – All of Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12, Block One (1); all of Lots 1, 2 ,3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, and 16, Block Two (2); and Outlot A, all in Corral Crossing Addition, an Addition to the City of Beatrice, Gage County, Nebraska; redevelopment of the Paddock Lane Elementary School Site, located at 1300 North 14th Street into a residential housing development; $1,240,000 Series A TIF financing approved for Phase 1; $1,240,000 Series B TIF Financing Approved; $1,794,506 in total estimated TIF eligible project costs.
27. Lincoln Elementary School (Phase 1) – All of Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12, Block One (1); all of Lots 1, 2, 3, 4, 5, 6, 7, and 8, Block Two (2); and Outlots A, B, and C, all Heritage Heights Addition, an Addition to the City of Beatrice, Gage County, Nebraska; redevelopment of the Lincoln Elementary School Site, located the intersection of Lincoln Street and 19th Street, Beatrice, Nebraska into a residential housing development; $886,000 Series A TIF financing approved for Phase 1; $886,000 Series B TIF financing approved for Phase 1; $1,740,363 in total estimated TIF eligible project costs.
28. Stoddard Place, LP (Phase 1) – 400 South 7th Street, Gage County Parcel No. 014419000; redevelopment of the Stoddard Elementary School building located at 400 South 7th Street, Beatrice, Nebraska into a senior housing development; $273,795.00 Series A TIF financing approved for Phase 1; $273,795.00 Series B TIF financing approved for Phase 1; $852,000.00 in total estimated TIF eligible project costs.
29. Manes Way, LLC (Phase 1) – 2223 Court Street; redevelopment of the bowling alley located on the Project Site; $135,800 Series A TIF financing approved for Phase 1; $135,800 Series B TIF financing approved for Phase 1; $420,000.00 in total estimated TIF eligible project costs.
30. Beatrice Commons (Phase 1) - All of Lot Five (5) and a portion of Lot Six (6), and all of Outlots A and B, Beatrice Retirement Village Addition to the City of Beatrice, Gage County, Nebraska; redevelopment of the Project Site into: (1) a workforce housing component, consisting of approximately 10 to 16 townhomes (20 to 32 residential units) that will be constructed and then sold to individual homeowners (“Workforce Housing Component”), and (2) an affordable housing component, consisting of a multifamily apartment building with approximately 31 rental units, which shall be funded in part using low income housing tax credits (“LIHTCs”) and will be subject to rent and income restrictions (“LIHTC Component”); $1,261,627.00 Series A TIF financing approved for Phase 1; $1,261,627.00 Series B TIF financing approved for Phase 1; $3,035,650.00 in total estimated TIF eligible project costs.

Percentage of the City That Has Been Designated as Blighted: 34.52%