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HomeMy WebLinkAboutCRC-04-16-14 CRC Meeting, April 16, 2014 CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, April 16, 2014 President Bill Hammer called the meeting to order at 6:46 p.m. Commission members Dave Bowers,Jeff Worrell and Bill Brooks were present,constituting a quorum. Also present were Corrie Meyer,Michael Lee and Megan McVicker. Others present: Karl Haas,Jim Higgins,Bruce Donaldson,Jim Mullet(Omni Productions),Adam Aasen(Current Publications)and Andrea Davis(IBJ). Mr. Hammer introduced new commissioner Bill Brooks. The Pledge of Allegiance was said. Approval of Minutes March 19, 2014: Due to lack of a quorum representative of the members that were present at the March 19,2014 meeting,approval was tabled until the next meeting. Financial Matters Mr.Lee stated the end of month March balance of the Commission totaled$1,241,910 and $3,244,542 with restricted funds. Mr. Lee gave an update on outstanding receivables. Approval of Claims Mr. Lee requested the Commission approve non-operating invoices in the amount of $188,521.27. Discussion ensued. Mr.Worrell moved to approve payment of non-operating invoices in the amount of$188,521.27, seconded by Mr. Bowers. Passed unanimously. Mr. Lee requested the Commission approve PAC construction fund claims in the amount of $30,856.25. Discussion ensued. Mr.Bowers moved to pay disbursement of PAC funds in the amount of$30,856.25,seconded by Mr.Worrell.Passed unanimously. Approval of Change Orders There were no change orders to come before the Commission this month. Committee Reports There were no committee reports this month. Update on Properties There were no items addressed under this matter. Old Business Approval of Contract for 3rd Ave SW Parking Spaces Bids for this project were opened at the March 19,2014 meeting. Ms.Meyer stated the low bidder was Calumet Civil Contractors in the amount of$67,021. Ms.Meyer stated the bids were reviewed by staff as well as the Engineering Department and recommended the Commission accept the low bid amount. Discussion ensued. 1 CRC Meeting, April 16, 2014 Mr. Bowers moved to approve a construction contract for the 3rd Avenue SW parking spaces in the amount of$67,021. Seconded by Mr.Brooks and unanimously approved. PAC Bond Refinancing: Revenue Deposit Agreement amendments Mr. Donaldson gave background and outlined the proposed amendments. Mr.Donaldson stated this will go to City Council on Monday for final approval. Discussion ensued. Mr.Worrell asked how much the City would receive in savings by refinancing. Mr. Donaldson stated Umbaugh&Associates could provide more detail but he believed the net amount was approximately$120,000 per year. Discussion ensued. Mr.Bowers moved to approve an authorization to enter into the second amendment, with the concurrence of the City Council. Seconded by Mr.Worrell. Discussion ensued regarding the time sensitivity of approval based on the market. Passed unanimously. New Business Approval of Resolution 2014-4 re: Intergovernmental Transfer of Real Property Interest Ms.Meyer gave background and detail on this item.Ms.Meyer stated the City Council would be discussing and potentially approving a similar transfer resolution at their upcoming meeting. Ms. Meyer stated if the Council moves forward with the likewise resolution,the CRC will then act to issue RFPs in the appropriate process to place the property on the market. Discussion ensued. Mr.Worrell moved to approve the resolution relating to action item#4 to accept the transfer of property from the City. Seconded by Mr.Brooks and passed unanimously. Approval of Resolution 2014—5 re: Sale of Certain Excess Real Property Located at 10401 and 10403 Pennsylvania Street in Connection with a Public Right-of-Way Project Ms.Meyer provided background and detail on this item, stating that the CRC is asked to give approval because this property is a part of the right-of-way that was acquired in the CRC's 2006 bonds. Ms.Meyer stated that the CRC would not play a role in issuing bids or acquiring appraisals. Discussion ensued. Mr.Bowers moved to approve Resolution 2014-5, seconded by Mr.Worrell. Unanimously approved. Approval of Resolution 2014-6 re: Sale of Certain Excess Real Property Located at 10407 and 10409 Pennsylvania Street in Connection with a Public Right-of-Way Project Ms.Meyer gave background and detail on this item,stating it is similar to Action Item#5 in process but for another set of property on Pennsylvania Street. Mr.Brooks moved to approve Resolution 2014-6. Seconded by Mr.Worrell and approved unanimously. Other Business Mr. Hammer noted the May CRC meeting will be moved to May 7 instead of May 21. Adjournment Mr. Bowers moved the meeting be adjourned pending the execution of documents and seconded by Mr.Brooks. The meeting was adjourned at 7:14 p.m. The next regularly scheduled meeting is Wednesday,May 7,2014. 2 CRC Meeting, April 16, 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. 3