HomeMy WebLinkAboutCRC-12-18-13 CRC Meeting, December 18, 2013
CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday,
December 18, 2013
President Bill Hammer called the meeting to order at 6:38 p.m. Commission members Dave
Bowers and Jeff Worrell were present,constituting a quorum. Also present were Karl Haas,
Steve Engelking and Megan McVicker.
Others present:
Michael Lee,Jim Higgins,Bruce Donaldson,Andrea Davis, Karen Kennedy and Pete Smith
The Pledge of Allegiance was said.
Approval of Minutes
November 21, 2013: Mr.Worrell moved to approve, seconded by Mr.Bowers.Passed
unanimously.
December 4,2013: Moved for approval by Mr.Bowers and seconded by Mr.Worrell.Passed
unanimously.
Financial Matters
Mr.Lee requested the agenda be amended to add an action item to approve a change in one line
item to the budget. The addition of the item was approved to be addressed under Old Business.
Mr.Lee stated the end of November balance of the Commission totaled$439,650 and$2,441,262
with restricted funds.
Mr.Lee provided an overview and referenced a document that outlined TIF funds recently
received by the Commission. Brief discussion ensued.
Mr. Lee gave an update on outstanding receivables and noted that the Commission is working to
get the payments finalized. Brief discussion ensued.
Mr.Lee requested the Commission approve non-operating invoices in the amount of
$8,407,519.86,which consists of bond payments due in both December and January.Discussion
ensued. Mr. Lee confirmed sufficient revenues were received to make the bond payments.Mr.
Worrell moved to approve non-operating expenditures in the amount of$8,407,519.86, seconded
by Mr.Bowers. Passed unanimously.
Mr.Lee requested approval of PAC construction fund claims in the amount of$31,396.67.
Discussion ensued. Mr.Bowers moved for disbursement of PAC funds in the amount of
$31,396.67, seconded by Mr. Worrell. Unanimously approved.
Approval of Change Orders
Mr.Lee gave background on one change order for approval and requested consideration of the
change order.
Brief discussion ensued.Mr. Lee confirmed there were sufficient dollars for this item.
Mr.Bowers moved for approval of$13,160.60 for this item. Seconded by Mr.Worrell and
unanimously approved.
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CRC Meeting, December 18, 2013
Approval of Resolution 2013-7: Defeasance of Merchants Square Bonds
Bruce Donaldson,bond counsel with Barnes&Thornburg,gave background and detail regarding
the resolution.
Discussion ensued.
Mr.Worrell moved to approve Resolution 2013-7: Defeasance of Merchants Square Bonds,
seconded by Mr.Bowers.Unanimously approved.
Committee Reports
None at this time.
Update on Properties
Discussion ensued regarding the listing for the Shapiro's building.
Old Business
Approval of Change to Budget Line Item
Mr. Lee gave background on this item and requested the Commission's approval to amend the
miscellaneous construction line item in the 2013 budget,increasing it by$4,533.74 and
decreasing that same amount from the accounting fees line item to offset it.
Brief discussion ensued.
Mr. Bowers moved to approve the revised amounts for budget line items Miscellaneous
Construction and Accounting Fees for the CRC revised 2013 budget in the amount of$4,533.74.
Seconded by Mr.Worrell and passed unanimously.
New Business
Mr. Lee gave an update on reimbursement agreements. Mr. Haas noted that administrative
changes have been made to consultant's billing practices for reimbursement agreements.
Other Business
Mr. Hammer mentioned Pedcor's upcoming project plans that were announced on December 17,
2013.
Adjournment
Mr.Worrell moved the meeting be adjourned pending the execution of documents and seconded
by Mr. Bowers. The meeting was adjourned at 6:59 p.m.
The next regularly scheduled meeting is Wednesday,January 15,2014.
An executive session was held directly prior to 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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