Local Option Review Team

LOCAL OPTION REVIEW TEAM Thursday, March 31 – 12:00 p.m. 400 East Military, Fremont, Nebraska and Zoom Topic: Local Option Review Team Meeting Time: Mar 31, 2022 12:00 PM Central Time (US and Canada) Join Zoom Meeting https://us06web.zoom.us/j/82436137672?pwd=V0dVUzhWTUlFWVVyQ0JvbTlQZHgwZz09 Meeting ID: 824 3613 7672 Passcode: 896375 One tap mobile +17207072699,,82436137672# US (Denver) +12532158782,,82436137672# US (Tacoma) Dial by your location +1 720 707 2699 US (Denver) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 646 558 8656 US (New York) +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) Meeting ID: 824 3613 7672 Find your local number: https://us06web.zoom.us/u/kbAzA5aiFK  Local Option Review Team Thursday, March 31 – 12:00 p.m. 400 East Military, Fremont, Nebraska and Zoom 1. Call to Order 2. Approval of minutes from February 24, 2022 meeting 3. Review Fund Balance 4. Plan Administrator Updates a. Tech Park b. Vertical Cold Storage c. Letter of Intent d. Executive Sessions e. LB 840 Plan i. Status ii. Process 5. Adjourn This agenda was posted at the Municipal Building and was distributed to the members of the Local Option Review Team on March 24, 2022 and online at www.fremontne.gov. The official current copy is available at City Hall, 400 East Military Avenue. This meeting is preceded by publicized notice in the Fremont Tribune. The Local Option Review Team reserves the right to go into Executive Session at any time. A copy of the Open Meeting Law is posted for review by the public.  CITY OF FREMONT LOCAL OPTION REVIEW TEAM February 24, 2022 – 12:00 p.m. A meeting of the Local Option Review Team was held on February 24, 2022 at 12:00 p.m. at 400 East Military Avenue, Fremont, Nebraska. The meeting was preceded by publicized notice in the Fremont Tribune and the agenda displayed in the Municipal Building. The meeting was open to the public. A continually current copy of the agenda was available for public inspection at the office of the City Administrator, 400 East Military Avenue. The agenda was distributed to the Local Option Review Team on February 11, 2022 and posted, along with the supporting documents on the City’s website. A copy of the open meeting law is posted continually for public inspection. ROLL CALL Roll call showed Members Gibson, Jensen, Horeis, Oliva, George, Mueller and Meister present. 7 present, 0 absent. Others in attendance included Jody Sanders, Interim City Administrator and Director of Finance. APPROVAL OF MINUTES FROM JANUARY 6, 2022 MEETING. Moved by Member Gibson and seconded by Member Oliva to approve the minutes of the January 6, 2022 meeting. Ayes: Oliva, Meister, Gibson, George, Mueller, Horeis and Jensen. Motion carried 7-0. REVIEW FUND BALANCE. Olson gave overview. Moved by Member Mueller and seconded by Member Jensen to approve the fund balance. CONSIDER QUARTERLY REPORT. Olson gave overview. Moved by Member Gibson and seconded by Member Meister to approve the quarterly report. Ayes: Meister, Jensen, Gibson, Mueller, Oliva, Horeis and George. Motion carried 7-0. DISCUSS ELIGIBILITY TIERS. Olson gave overview. No motion received. CONSIDER LOAN DOCUMENTS. Olson gave overview. No motion received. ADJOURNMENT Moved by Member Gibson and seconded by Member Oliva to adjourn at 12:59 p.m. Ayes: Oliva, Gibson, Meister, Mueller, George, Horeis, Jensen. Motion carried 7-0. 1 Agenda Item 2 City of Fremont Nebraska Status of LB 840 Funds 2/28/2022 Premilinary Estimate Assets: Checking 453,963.73 Money Market 516,249.93 Investments 1,998,632.81 2,968,846.47 Capital Transfers 0.00 2,968,846.47 Known Committed Funds: Morningside Business Park Res 2013-095 172,675.14 New Horizons Cold Storage Res 2021-015 500,000.00 505 Main Street Group, LLC Res 2021-021 310,000.00 Wheelhouse Solutions, LLC Res 2022-012 (check outstanding on 2/28/22) 200,000.00 Tech/Bus Park Resolution 2011-047 975,392.00 2,158,067.14 Uncommitted Funds 810,779.33 Agenda Item 3 Agenda Item 4e Agenda Item 4e Agenda Item 4e Agenda Item 4e Agenda Item 4e Agenda Item 4e Agenda Item 4e Agenda Item 4e Stepping Through the Application Process for the Local Option Economic Development Plan [An Applicant’s Guide] Definitions Applicant: The applicant is an eligible business entity as described in the City of Fremont’s Local Option Economic Development Plan. Plan Administrator: The City of Fremont is the plan administrator. The plan administrator is responsible for executing the approval process and answering questions related to the Local Option Economic Development Plan and application process. The plan administrator also submits a recommendation to the City Council to approve or disapprove the application. Citizens Advisory Review Committee (CARC): CARC is a public committee that reviews the application to ensure the project is compliant with the City of Fremont’s Local Option Economic Development Plan. The CARC will submit a determination of application’s compliance to the City Council. Local Option Review Team (LORT): LORT is a public committee that reviews the application and considers items, including wages and job creation, community impact and investment, and business management factors. The LORT will make a recommendation to the City Council to approve or disapprove the application. City Council: The Fremont City Council is the final decision maker for all applications. Greater Fremont Development Council (GFDC): GFDC is the non-profit economic development agency that is available to assist the applicant during the application process. Assistance can include coordinating initial meetings with the plan administrator, reviewing the application and providing feedback, and supporting the applicant through the process – all at the applicant’s request. Proud partner of 1005 E. 23rd Street, Suite 2 Fremont, NE 68025 402.753.8126 Agenda Item 4eii  Application is received from the plan administrator at an initial meeting. Plan administrator reviews the application and supporting documents: Applicant returns • Eligible activities completed application • Credit Check with supporting • Other documents to the plan administrator. The plan administrator will convene the Citizen Advisory Review Committee. This committee reviews the application and Plan administrator negotiates award determines if the project complies with the and contract terms with applicant and Local Option Economic Development Plan. A prepares summary recommendation recommendation is prepared for the City for the City Council. Council based on the committee’s findings. The plan administrator convenes the Local Option Review Team. The Team reviews the The recommendations provided by the CARC, application and decides whether to LORT and plan administrator will be presented to recommend for City Council approval based the City Council. The Council will consider the on project feasibility and potential future overall community benefit of the project and economic benefit to the community. A strive to provide a decision in a timely manner. If recommendation is prepared for the Council approved, the plan administrator will take the based on the team’s findings. necessary actions to execute the agreements with applicant’s cooperation. Ready to Apply? Contact the Greater Fremont Development Council (402-753-8126) to connect you to the Plan Administrator and help you explore additional resources available for your project. Agenda Item 4eii