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Home My WebLink AboutCRC-10-01-14 CARMEN REDEVELOPMENT COMMISSION AGENDA WEDNESDAY, OCTOBER 1, 20M—5:45 P.M. COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE MEETING CALLED TO ORDER 1. PLEDGE OF ALLEGIANCE 2. Action Item #1: Approval of Legal Settlement 3. Action Item #2: Approval of Invoice 4. Action Item #3: Approval of Change Order 5. Action Item #4: Acceptance of Sale of Property 6. ADJOURNMENT NEXT REGULAR MEETING: Wednesday, October 15,2014, 6:30 p.m. CRC Meeting, October 1, 2014 CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, October 1, 2014 ATTENDANCE: President Bill Hammer Present Vice President Dave Bowers Not Present Secretary Brad Meyer Not Present Treasurer Diana Cordray Not Present Member Jeff Worrell Present Member Bill Brooks Present Member Greg Phillips Not Present Executive Director Corrie Meyer 'Present Financial Consultant Michael Lee ;<< Present Legal Consultant Karl Haas Present President Bill Hammer called the meeting to order.at 5:50 p.m. The Pledge of Allegiance was said. Approval of Legal Settlement y%. Mr. Haas stated this is related to the litigation involving,the defects in the Palladium dome and gave brief background on this item. Mr.Haas stated a settlement agreement proposal was reached in the amount of$800,000 and that this'estimate of recovery is in line with what was expected to be able to recover. Brief discussion ensued. Mr. Worrell moved.for:approval,seconded by Mr Brooks. Unanimously approved. Approval of Invoice Mr. Worrell moved this item`,be tabled to the regular meeting, seconded by Mr. Brooks. Passed unanimously. Approval.of Change Order Mrs. Meyerrgave background,on this item and stated this change order relates to continued site work at The Mezz. Mrs. Meyer stated this is within the construction budget. Discussion ensued. Mr. Brooks moved to approve the change order for the Mezz site work project per State Board of Accounts requirements, in the amount of$10,436.00 payable from 902 funds. Seconded by Mr. Worrell. Discussion ensued. Passed unanimously. Acceptance of Sale of Property Mrs.Meyer stated this item is regarding acceptance of an offer for the Shapiro's building. Mrs. Meyer stated the offer was presented by Pedcor Investments and includes $1 million in cash payable at closing and $1.1 million in debt reduction for the secondary installment contracts held by Village Financial. Discussion ensued. 1 CRC Meeting, October 1, 2014 Mr. Brooks moved that the CRC accept the purchase offer of the Shapiro's building by Pedcor Investments and to authorize the President of the Commission and another authorized CRC representative to enter into and carry out the Purchase Agreement for$2,100,000 on behalf of the Commission within two weeks of this date. Seconded by Mr. Worrell and unanimously approved. Mrs. Meyer stated she had an additional item for discussion,which was an amendment to an existing project agreement with Keystone Group that states the CRC is no longer committed to any obligations associated with the development of the Olivia project site. Mrs. Meyer noted that the amendment is a result of negotiation and conversations with the developer and the City Council's Finance Committee. Discussion ensued. Mr. Hammer clarified that this is not part of the`'new proposed TIF that is currently going through the approval process. Mr. Haas confirmed and stated this is part of the proposal by the Keystone Construction affiliate for developer TIF and that they have agreed as a condition of receiving the developer TIF that they will forego the performance by the Commission of a number of obligations that the CRChad with respect,to Parcel 92 and also that they will donate the land necessary for the reconfiguration of Old Meridian and the intersection. Mr. Worrell moved to give two signers the ability to authorize us [the CRC]tenter into that agreement. Seconded by Mr. Brooks and passed unanimously.r x,V Ad journment Mr. Worrell moved the meeting be adjourned pending the execution of documents and seconded by Mr. Brooks. The meeting was adjourned at 6:=17 p.m. The next regularly scheduled meeting is Wednesday, October 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 2 OPERATING INVOICES(informational) Page 1 October 15, 2014 Vendor/Provider Invoice# Date Amount Type of services rendered/Property Location 400 Legal Fees Wallack Somers&Haas,P.C. 22088 07/03/14 $ 4,784.00 general legal services for June 2014 Sub-total: Legal Fees $ 4,784.00 Other Professional Fees Innovative Planning,LLC 201407 10/01/14 $ 9,333.33 professional services as CRD Director for September 2014 Sub-total: Other Professional Fees $ 9,333.33 Electricity Duke Energy 90414-1 and 100214-1 9/4/14 and 10/2/14 $ 363.26 electricity for 457 3rd Ave SW and 26 E Main St Sub-total: Electricity $ 363.26 Total: 400 $ 14,480.59 500 Other Contracted Services Ice Mountain Direct 0410121975593 10/02/14 $ 30.09 water Sub-total: Other Contracted Services I $ 30.09 Copier Lease Konica Minolta Premier Finance 61347090 09/07/14 $ 590.36 copier rent Sub-total: Copier Lease $ 590.36 Equipment Rental&Leasing Pitney Bowes 8537202-SP14 09/13/14 $ 162.00 postage meter rent Sub-total: Equipment Rental&Leasing $ 162.00 Total: 500 I $ 782.45 Total Expenditures: I $ 15,263.04 NON OPERATING INVOICES Page 1 October 15,2014 Vendor/Provider Invoice# Date I Amount Type of services rendered/Property Location Construction Anderson/Birkla Site Engineering American Structurepoint,Inc. 71192 07/31/14 $ 1,391.54 architectural services for June 2014 Sub-total: Anderson/Birkla Site Engineering $ 1,391.54 Monon Connecting Path Engineering American Structurepoint,Inc. 72739 10/01/14 $ 825.00 architectural services for August 2014 Sub-total: Monon Connecting Path Engineering $ 825.00 Monon Trail Work Engineering American Structurepoint,Inc. 72738 10/1/2014 $ 457.50 architectural services for August 2014 Sub-total: Monon Trail Work Engineering $ 457.50 Total: Construction $ 2,674.04 Project Professional Fees Legal Fees _ — Barnes&Thornburg 1704783,1712870,1704784 09/29/14 $ 13,324.50 legal services regarding Pedcor and general matters Barnes&Thornburg 1712871 09/29/14 $ 642.00 legal services for general matters Best&Flanagan 441025,445487,446276 1/16/14,8/11/14,9/18/14 $ 844.94 legal services regarding CFP Carmel,Indiana Energy,LLC Keller Macaluso LLC 1281 09/11/14 $ 2,200.00 legal services regarding Old Town Wallack Somers&Haas see list ! 07/03/14 $ 19,482.75 'April legal services regarding various parcels Sub-total: Legal Fees $ 36,494.19 _ Accounting Fees Michael Lee 201410 10/01/14 $ 4,150.00 financial services for September 2014 London Witte Group 27462 09/30/14 $ 1,078.75 financial and accounting services for September 2014 Sub-total: Accounting Fees $ 5,228.75 Total: Project Professional Fees $ 41,722.94 Bond and Trustee Fees Wells Fargo 1092239 07/01/14 $ 500.00 Annual admin fee for 2008 Bond Sub-total: Bond and Trustee Fees $ 500.00 Miscellaneous Expenditures Hamilton County Treasurer see list $ 14,874.43 Fall property taxes and drainage assessment fees Sub-total: Miscellaneous Expenditures $ 14,874.43 Total Expenditures: $ 59,771.41 Approved October 15,2014 Approved October 15,2014 Approved October 15,2014 Approved October 15,2014 William Hammer, President David Bowers,Vice President Brad Meyer,Secretary Jeff Worrell, Member Approved October 15,2014 William Brooks,Member DISBURSEMENT OF PAC FUNDS October 2014 VENDOR PURPOSE AMOUNT Palladium Construction Retention/Legal Krieg DeVault PAC claims invoice 392422 for August 18,236.86 Krieg DeVault PAC claims invoice 390152 for July 18,094.13 Wallack Somers and Haas PAC invoice 22094 for legal work done in June 2014 321.50 Walter P Moore PAC dome litigation support invoice D040114010 11,445.00 Walter P Moore PAC dome litigation support invoice D040214010 37,320.00 Total Invoices Submitted $ 85,417.49 Approved October 15,2014 Approved October 15,2014 Approved October 15,2014 William Hammer,President David Bowers,Vice President Brad Meyer,Secretary Approved October 15,2014 Approved October 15,2014 Jeff Worrell,Member William Brooks,Member MEMORANDUM TO Come Meyer, Carmel Redevelopment Commission FROM: Douglas C. Haney, Carmel City Atto y � RE: Kreig DeVault Invoice No. 392422 g Performing Arts Center Claims DATE: September 29, 2014 Dear Corrie: I have personally reviewed the referenced invoice in the amount of $19,037.36 regarding Performing Arts Center claims. I recommend the Carmel Redevelopment Commission prepare a purchase order to Kreig DeVault in the amount of$18,236.86 in payment of this invoice as a necessary and proper expense. Please let me know promptly if you have any questions regarding this memorandum or payment of the attached invoice. Thanks. DCH/ab (sb:naus ad:rWurcdhbuastMoueybutsideourur Nate devault per fmrin arts center clams per forartg arts center clams 392422do9/29/l4)