HomeMy WebLinkAboutCRC-11-21-13 CRC Meeting, November 21, 2013
CARMEL REDEVELOPMENT COMMISSION Meeting, Thursday,
November 21, 2013
President Bill Hammer called the meeting to order at 6:42 p.m. Commission members Dave
Bowers,Brad Meyer and Greg Phillips were present,constituting a quorum. Also present were
Karl Haas, Steve Engelking,Doug Haney and Megan McVicker.
Others present:
Michael Lee,Loren Matthes,Paul Rioux,Steve Edwards,Richard Starkey,Jim Mullet, Claire
Bowers and Andrea Davis
The Pledge of Allegiance was said.
Mr. Hammer requested Loren Matthes, with H.J. Umbaugh &Associates,present a quick
summary of the Illinois Street bond sale. Ms.Matthes gave a brief update.
Mr. Hammer introduced and thanked Steve Engelking,Director of Administration for the City of
Carmel,who has been the acting Executive Director of the Redevelopment Department. Mr.
Hammer extended thanks and appreciation to Les Olds and Matt Worthley for their many
years of work on behalf of the commission.
Mr. Hammer requested the agenda be amended to add an action item under New
Business regarding a settlement and release agreement. Mr. Bowers moved to approve
the addition of the action item, seconded by Mr. Meyer. Unanimously approved.
Approval of Minutes
October 16,2013: Moved for approval by Mr.Bowers and seconded by Mr.Meyer. Approved
unanimously.
Financial Matters
Mr. Hammer noted that, beginning at next month's meeting, a report will be added under
Financial Matters that lists any payments due to the Commission that have not been
made.
Mr.Lee stated that the end of month October balance of the Commission totaled$455,450 in cash
available and$2,806,553 with restricted funds.
Mr. Lee requested the Commission approve non-operating claims in the amount of$60,772.07.
Mr.Bowers moved to pay non-operating invoices in the amount of$60,772.07, seconded by Mr.
Meyer. Passed unanimously.
Mr. Lee requested approval of PAC construction fund claims in the amount of$374,484.63.Mr.
Meyer moved to approve PAC construction fund claims in the amount of$374,484.63, seconded
by Mr.Bowers. Unanimously approved.
Approval of Change Orders
Mr.Lee gave background on and requested approval for a change order in the amount of$16,201
for the Palladium steel retrofit.
Discussion ensued.
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CRC Meeting, November 21, 2013
Mr.Bowers moved to approve the change order for the Palladium steel retrofit project per the
State Board of Accounts requirements, in the amount of$16,201. Seconded by Mr. Meyer and
unanimously approved.
Approval of Revised Budget
Mr.Lee and Mr.Bowers presented the 2013 revised budget and gave background on the
revisions.
Discussion ensued.
Mr.Bowers moved to approve the revised budget. Seconded by Mr.Meyer and unanimously
approved.
Transfer of Reserve Funds to Usable Funds
Mr. Lee gave background on this item and requested consideration of approval for the transfer of
the remaining portion of reserve funds to the general CRC fund.
Brief discussion ensued.
Mr.Bowers moved to authorize and approve the transfer of the CRC reserve funds in the
aggregate amount of$350,000 to the general CRC fund, seconded by Mr.Meyer.Unanimously
approved.
Committee Reports
Mr.Bowers stated that the Finance Committee has nothing further to report at this time and
commended Mike Lee for his help and efforts over the past month.
There were no additional committee reports.
Update on Properties
Mr. Lee gave an update on the Nash Building construction and The Mezz project.
Old Business
Approval of Legacy TIF Pledge Resolution
Richard Starkey,bond counsel with Barnes &Thornburg,gave background and detail regarding
the project and resolution.
Paul Rioux, with Platinum Properties,provided an overview of the project and referenced a
packet that outlined proposed infrastructure and thoroughfare plan improvements.
Ms.Matthes outlined financial schedules and details.
Discussion ensued.
Mr. Hammer requested the CRC Finance Committee review the details proposed and provide a
recommendation to the Commission at a future meeting. . [A Finance Committee meeting was
scheduled for Wednesday,November 27,2013 at 8:30 a.m. and a Commission meeting was
scheduled for Wednesday,December 4, 2013 at 6:00 p.m.]
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CRC Meeting, November 21, 2013
New Business
Approval of Marketing Proposal for Shapiro's
Mr.Haas gave background on this item. Mr. Haas stated the Commission reviewed the proposals
and is prepared to accept one of proposals received and authorize the President to sign the
marketing agreement.
Brief discussion ensued.
Mr.Meyer moved to accept the Osborne proposal, seconded by Mr.Bowers. Mr.Meyer
amended his motion to add the authorization of Mr.Hammer to sign on behalf of the CRC.
Seconded by Mr. Bowers and unanimously approved.
Settlement and Release Agreement
Mr. Haney gave background on this item and recommended the approval of this agreement and
its execution by the Commission.
Mr.Bowers moved to enter into the agreement as presented and to authorize Mr. Hammer to sign
on behalf of the Commission. Seconded by Mr.Meyer and approved unanimously.
Other Business
None at this time.
Adjournment
Mr.Bowers moved the meeting be adjourned pending the execution of documents and seconded
by Mr.Meyer. The meeting was adjourned at 7:28 p.m.
The next regularly scheduled meeting is Wednesday,December 18,2013. [A CRC special
meeting was scheduled for Wednesday,December 4,2013.]
An executive session was held directly prior to and reconvened directly after the public meeting
in which pending litigation and the purchase or lease of real property were discussed. The
Commission hereby certifies that no subject matter was discussed in the executive session other
than the subject matter specified in the public notice.
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