Neter Enterprise LLC: Project Enhancement Serving North Omaha

ID

73

OrgName

Neter Enterprise LLC

PhysicalAddress

5326 HANOVER CIR, Omaha, NE 68152

MailingAddress

5326 HANOVER CIR, Omaha, NE 68152

Website

SocialMediaAccounts

Name

Robert D. Penn

Title

PROJECT MANAGER

EmailAddress

neter.enterprisellc@outlook.com

Phone

+1 (402) 739-2069

Team

Yes

TeamExplanation

OrganizationalChart

OtherCompletedProjects

We have 7 acres of land that needs to be developed in North Omaha area. Said land will produce 40 apartment units and hundreds of jobs and commercial space for businesses

ProposalTitle

Project Enhancement Serving North Omaha

TotalBudget

8449610.0

LB1024GrantFundingRequest

8449610.0

ProposalType

Combination of capital project and service/program

BriefProposalSummary

Land consists of 7 acres; 6 acres will provide 40 apartment units which include affordable housing. It will have an immediate economic impact with construction jobs in North Omaha. One acre will be rezoned Commercial which includes a 10,800 sq. ft. Commercial building that will include a Digital Laundromat, delivery service, Childcare Center, CDL training and recruiting, management and dispatch for trucking company. This will product 100 permanent jobs. Rental and lease Commerical space of two 20,000 sq. ft. buildings are all included in our preliminary design. Location - 5203 & 5319 Reddick Ave, Omaha, NE 68152. Is adjacent to Habitat for Humanity Omaha, Bluestems Prairie development. This development will spend 25,000,000 much needed affordable housing with 85 multigenerational units to the area of 52nd Sorenson. Timeline - 100% completion by July 2026

Timeline

City Councilmember Juanita Johnson District 2 is in full support of our rezoning and design. We've been told rezoning is a 30–45-day process Our project. We would like to break ground by March 2023 be complete by March 2025. Which will give us an early year completion of July 2026.

PercentageCompletedByJuly2025

1.0

FundingGoals

Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)

Community Needs

Multimodal Transportation (i.e., enable connectivity through driving, biking, taking transit, walking, and rolling) Other Infrastructure (i.e., develop or improve broadband, business districts, roadways, sewer, etc.) Policy (i.e., develop or improve context-sensitive education, finance, health, training, zoning, etc.) Quality of Life (i.e., create or enhance natural spaces, mixed uses, parks, safety, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

Our Proposal manages its human, natural, and financial capital to meet current needs while ensuring that adequate resources are available for future generations. All forms of public transportation are aligned with Sorenson Parkway and access streets in our design connect Reddick Ave with Sorenson Pkwy eastward toward Metro Community College, highway and airport. Affordable clean housing, efficient effective educational training services occupied by the people in the community. Safe walkability business district and mass transit.

VisioningWorkshopFindingsAlignment

Our Proposal will sustain and promote long lasting economic growth, be transformational and inspire fundamental change.

PrioritiesAlignment

Project Enhancement is directly located in LB1024's economic recovery zone; it will provide housing and employment opportunities and is spearheaded by business entrepreneurs from an in North Omaha. Joeanna Johnson & Robert Penn North Omaha Natives

EconomicImpact

Temporary up to 100 for constructions ranging from $15 - $36 an hr. Permanent 40 truck drivers averaging $1600 per week. Sixty more jobs between laundromat, childcare center. CDL training and recruiting center will create endless positions.

EconomicImpactPermanentJobsCreated

100 onsite, CDL recruiting and training in perpetuity

EconomicImpactTemporaryJobsCreated

up to 100

EconomicImpactWageLevels

ranging from $15 - $36 an hr

EconomicImpactAlignProposedJobs

RFP would directly require contractors, subcontractors, employ people from Qualified Census Tracts and will use contactor and subcontractor from the Qualified Census Tracts.

CommunityBenefit

Project Enhancement will produce jobs for large prime contractors, small and emerging businesses of said Qualified Census Tract. Provide needed affordable housing.

CommunityBenefitSustainability

Bid letting and employing people from Qualified Census Tract.

BestPracticesInnovation

New construction increasing residential and commercial real estate values in Qualified Census Tract.

OutcomeMeasurement

CDL Training will produce gainful employment in the impoverished Qualified Census Tract.

OutcomeMeasurementHow

Outcomes will be measured by transitional wealth, gainful employment of the targeted recipients of the Qualified Census Tract.

OutcomeMeasurementCoinvestment

Project Enhancement's Proposal can be used with other sources funding and qualifies for TIFF.

Partnerships

Yes

PartnershipsOrgs

North Omaha Community Partnership, BAA, UNTAMED. Joint grant writing and recruitment with convicted felons and at-risk youth.

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

Location - 5203 & 5319 Reddick Ave, Omaha, NE 68152. Is adjacent to Habitat for Humanity Omaha, Bluestems Prairie development. This development will spend $25,000,000 much needed affordable housing with 85 multigenerational units to the area of 52nd Sorenson. Our location has utility, power and completed Environmental Site Assessment Report.

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

PropertyZoning

No

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

No

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

Current Market Labor and Material Cost. In addition to Conceptual Designs.

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

Purchase land for $110,000 three years ago. Value has tripled and qualify for TIFF funding which average 13 -16% of cost of project. One acre converted into Commercial. Will range between $6 - $14 sq. ft. Comps in the area up to $600,000.

GrantFundsUsage

It will be used as Seed Capital and completion of project.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

Because it is a construction development fiscal operation will be completed in quarters.

FundingSources

TIFF, NEDCO, PACE, META, WINSLEY DURANT - NEBRASKA CHAMBER OF COMMERCE, ERNEST WHITE - AMERICAN NATIONAL BANK. .

FundingSourcesPendingDecisions

MARCH 2023

FundingSourcesCannotContinue

NO

Scalability

Yes, it's scalable.

ScalabilityComponents

Both sections will qualify for TIFF which average 13-16% of the project.

FinancialCommitment

Project Enhancement will report all monies allotted from LB1024 Economic Recovery Act.

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Data table of uses (breakdown of how the requested funds will be used for your proposal) Documentation of site control (proof of ownership, option, purchase contract, or long-term lease agreement) Environmental assessment of subject site. Is the property a brownfield site? Organizational Chart Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Proposal Budget/Sources and Uses Schedule