James R. Kamm

The meeting included discussions on the 2026 Education Calendar, webinar suggestions covering topics such as Minerals, Legislative Updates, Personal Property, and Recreational Trail Easements. There were suggestions to start next year's calendar earlier, move IAAO 300 to the first week of October, and move Commercial Grading or Depreciation Course Series I-IV to May. Additionally, there were discussions and proposed changes to regulation updates, including minimum credit requirements, board membership, PAD representation, county election cycle duration, and NIRMA classes for the Education calendar. The possibility of allowing staff members to receive credit for watching recorded webinars was also discussed, with a suggestion to add a Google form at the end of each video.

The Rent-Restricted Housing Projects Valuation Committee meeting addressed the open meetings law provisions. The committee discussed the spreadsheet and set the 2025 capital stack rate for the mortgage rate at 40% and the equity rate at 60%, resulting in an unloaded cap rate of 6.8%. A motion was made and carried to set one cap rate for the entire state at 6.8%.

The Rent-Restricted Housing Projects Valuation Committee Meeting included discussion of the Updated Investor Returns document. The committee agreed to have one more meeting to approve meeting minutes where the capitalization rate is approved. One of the members is reviewing the data and will be sending out her spreadsheet and conclusions to the other committee members for review and input.

The Sports Arena Facility Financing Assistance Act Board is holding a public hearing to receive evidence and testimony regarding an application for financial assistance submitted by the City of Gretna, Nebraska, and Wolf Pack Sports Foundation. The application seeks funding for the construction of two indoor sports complexes, including details about the facilities' equipment, location, and total estimated construction costs.

The Sports Arena Facility Financing Assistance Act Board is holding a public hearing to receive evidence and testimony regarding an application from the City of La Vista, Nebraska, for financial assistance. The assistance is intended for the completion of a project involving parking facilities affiliated with The Astro, a privately owned concert venue. The project's application is available for viewing at the Tax Commissioner's office and on the Department of Revenue website.