Community Redevelopment Authority Minutes April 6, 2026
CRA Approves TIF Deal with B & H Investments
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Description
The Community Redevelopment Authority approved a Tax Increment Financing package for B & H Investments, Inc., providing up to $822,276 in reimbursable project costs for a new warehouse/office facility. The TIF will capture 100% of the tax increment for up to 15 years beginning with Tax Year 2026, ending when certified costs are fully paid.
Contract Details
Contract Amount
Up to $822,276.00 in TIF reimbursements
Vendor
B & H INVESTMENTS INC
Agency
City of Kearney, NE
Contract Type
FINANCIAL_SERVICES
Document Date
April 6, 2026
Contract Term
Tax Year 2026 start; up to 15 years, ending when eligible project costs are paid in full
Renewal Date
2041-12-31
Renewal Info
TIF payments are authorized for up to 15 years starting with Tax Year 2026 but will terminate early if certified eligible project costs of $822,276 are paid in full before the 15-year limit.
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