CRA recommends City Council consider redevelopment plan and TIF support for modular home park in North Platte

The Community Reinvestment Authority voted to recommend that the North Platte City Council consider a redevelopment plan from Proteria North Platte LLC that proposes a phased modular home park of 247 units and two commercial lots in Newberry Village.

A staff member advising the CRA said the applicant is seeking tax-increment financing (TIF) because upfront site work — private roads, utilities and sidewalks — would be costly and the project could produce a negative cash return in its first two to three years without public assistance. The staff member estimated the total private investment could be “north of $30,000,000” and said the applicant proposes allocating eligible costs across several TIF notes tied to development phases so financing and interest timing can begin earlier.

Roger Bullington, identifying himself as president of Chief Development, described the project’s phased approach and neighborhood amenities. He said the developer plans to retain ownership of the land and sell modular units as personal property, with a homeowners association to maintain trash, snow removal and common areas; he estimated site work (roads, sewer, water) at roughly $10–12 million and unit prices at about $150,000 for roughly 1,500-square-foot single-wide models. “We’re gonna retain the ownership of all the land then and we’re just gonna lease the lots to the individual so that purchase the modular homes,” Bullington said.

Board members and staff discussed how the TIF would be structured by phase so tax division (the increment) would start on the first developed parcel rather than across the entire 50-acre site, and whether land-purchase costs should be capped relative to current assessed values. The staff member said valuation bumps could begin as early as 2027 and emphasized that the redevelopment contract will negotiate timeframes and any limits the CRA opts to include.

Judy Clark, development director, noted prior subdivision requirements and said the city expects to widen Philip Street first, with needed right-of-way already dedicated by the developer. The board also discussed mobile-home setbacks under the city’s mobile-home code (20-foot setback reducible to 10 feet with a privacy fence), playground and dog-park placement, and potential covenants to ensure long-term maintenance.

The CRA moved to adopt a resolution recommending approval of the redevelopment plan variations (resolution number recorded in the packet as 2026-1). A member moved to approve the recommendation and the authority recorded affirmative roll-call responses and approved sending the resolution to the City Council; the transcript states the item will go to the next City Council meeting on the following Tuesday. The transcript does not list a full vote tally in names or counts.

The CRA’s staff also notified the authority that it expects to reconvene about micro-TIF notes, noting approximately 10 projects near completion and roughly five others in earlier stages after recent legislative changes to micro-TIF processes.

Next steps: the resolution and redevelopment materials will be presented to the City Council for formal consideration; staff and counsel will continue negotiating the redevelopment contract, covenants and phase-based TIF allocations.