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Office of the COMMON COUNCIL
Clerk-Treasurer
MEETING AGENDA
MONDAY, SEPTEMBER 15, 2014 — 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
MEETING CALLED TO ORDER
1. INVOCATION
2. PLEDGE OF ALLEGIANCE
3. RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS
4. APPROVAL OF MINUTES
a. August 18, 2014 Regular Meeting
b. September 4, 2014 Special Meeting
5. RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL
6. COUNCIL, MAYORAL AND CLERK-TREASURER COMMENTS/OBSERVATIONS
7. ACTION ON MAYORAL VETOES
8. CLAIMS
a. Payroll
b. General Claims - $2,735,342.47
c. Retirement- $89,198.58
d. Wire Transfers; Month of July, 2014 - $5,641,486.12; Month of August, 2014 -
$1,921,980.31
9. COMMITTEE REPORTS
a. Finance, Administration and Rules Committee
b. Land Use, Annexation and Economic Development Committee
c. Parks, Recreation and Arts Committee
d. Utilities, Transportation and Public Safety Committee
e. Report from the Carmel Redevelopment Commission
ONE CIVIC SQUARE CARMEL,INDIANA 46032 317/571-2414
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10. OLD BUSINESS
a. Fourth Reading of Ordinance D-2177-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Approving an Amendment to Exhibit A of Ordinance D-1969-09,
As Amended(Improvements to Main Street between Illinois Street and Guilford Road;
Estimated Cost$600,000); Sponsor(s): Councilor(s) Snyder, Seidensticker and Carter.
b. Second Reading of Ordinance D-2180-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Authorizing the Issuance of the City of Cannel, Indiana
Economic Development Revenue Bonds, Series 2014 (KG Main LLC Project—not to
exceed$3,825,000); Sponsor: Councilor Snyder. Remains in the Finance, Administration
and Rules Committee (9/18/14).
c. Third Reading of Ordinance Z-590-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Establishing The Monon Lake (33.95 acres west of and adjacent
to the Monon Greenway, north of 1-465 and east of and adjacent to 101s1 Street) Planned
Unit Development District; Sponsor: Councilor Rider.
d. Second Reading of Ordinance Z-591-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Rezoning Properties along the Monon Greenway(Along the
Southern portion of the Monon Greenway, between 96th Street and south of Carmel Drive
in the S-2/Residence, R-1/Residence, R-3/Residence, R-4/Residence, P-1/Park and
Recreation, M-3/Manufacturing, and PUD/Planned Unit Development District
Classifications to be included within the Monon Greenway Overlay Zone); Sponsor:
Councilor Rider.
11. PUBLIC HEARINGS
a. Second Reading of Ordinance D-2182-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Authorizing and Approving an Additional Appropriation of
Funds from the Operating Balance of the General Fund to the Department of Community
Services ($30,000 to help fund Indy Express for Carmel residents); Sponsor(s):
Councilor(s) Snyder and Finkam.
b. First Reading of Ordinance D-2188-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Authorizing and Approving an Additional Appropriation of
Funds from the Operating Balance of the General Fund to the general Administration
Department Budget ($70,000 Needed to Reimburse Electrical Service Funds Transferred
within the General Administration Department Budget to Purchase the Brookshire
Swimming Pool); Sponsor(s): Councilor(s) Snyder and Rider.
12. NEW BUSINESS
a. First Reading of Ordinance D-2183-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Fixing Salaries of Appointed Officers and Employees of the
Clerk-Treasurer of the City of Cannel, Indiana, for the Year 2015; Sponsor(s):
Councilor(s) Rider, Schleif, Seidensticker, Sharp and Snyder.
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b. First Reading of Ordinance D-2184-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Fixing Salaries of Appointed Officers and Employees of the
Carmel City Court for the Year 2015; Sponsor(s): Councilor(s) Seidensticker,Finkam,
Rider and Snyder.
c. First Reading of Ordinance D-2185-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Fixing Salaries of Appointed Officers and Employees of the City
of Carmel, Indiana, for the Year 2015; Sponsor(s): Councilor(s) Seidensticker and
Snyder.
d. First Reading of Ordinance D-2186-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Fixing Salaries of Elected Officials of the City of Cannel,
Indiana, for the Year 2015; Sponsor(s): Councilor(s)Rider, Schleif, Seidensticker, Sharp
and Snyder.
e. First Reading of Ordinance D-2189-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Enacting and Adopting a Supplement to the Code of Ordinances
(2 Quarter Codification) of the City of Carmel, Indiana; Sponsor: Councilor Snyder.
f. Resolution CC-09-15-14-01; A Resolution of the Common Council of the City of
Cannel, Indiana, Approving Cannel Redevelopment Commission Goods and Services
Contract with Midwest Constructors, LLC (P.O. #31785 - $203,890; Nash Site Work);
Sponsor(s): Councilor(s)Finkam,Rider and Snyder.
13. OTHER BUSINESS
Resolution CC-07-07-14-01 As Amanded (Formerly CC-09-07-21-01; A Resolution of
the Common Council of the City of Carmel, Indiana, Amending the Cannel Clay
Comprehensive Plan"C3 Plan 2009"Regarding the Transportation Plan; Sponsor: Councilor
Rider-Adopted July 7, 2014 by a vote of 6-0 (Councilor Finkam not present). This item is
being returned to the Council from the Plan Commission with a 4-0 vote to DISAPPROVE the
amendments adopted by the Council.
14. ANNOUNCEMENTS
15. EXECUTION OF DOCUMENT
16. ADJOURNMENT
09/15/14 CC Meeting Agenda
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COMMON COUNCIL
MEETING MINUTES
MONDAY, SEPTEMBER 15, 2014 - 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
MEMBERS PRESENT:
Mayor James Brainard, Council President W. Eric Seidensticker, Council Members Sue Finkam, Carol
Schleif,Richard L. Sharp, Luci Snyder, Ronald E. Carter,Kevin D. Rider, Clerk-Treasurer Diana L.
Cordray and Deputy Clerk Lois Craig.
Mayor Brainard called the meeting to order at 6:00 p.m.
Pastor Jerry Zehr, Carmel Christian Church, pronounced the Invocation.
Mayor Brainard led the Pledge of Allegiance.
RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS:
There were none.
APPROVAL OF MINUTES:
•
Councilor Rider made a motion to approve minutes from the August 18, 2014 Regular Meeting.
Councilor Snyder seconded. There was no Council discussion. Council President Seidensticker called
for the vote. Minutes were approved 7-0.
Councilor Rider made a motion to approve minutes from the September 4, 2014 Special Meeting.
Councilor Schleif seconded. There was no Council discussion. Council President Seidensticker called
for the vote. Minutes were approved 4-0 (Councilor Carter, Finkam and Snyder abstained).
RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL:
The following individuals addressed the Council in favor of Ordinance D-2182-14 (Indy Express for
Carmel Residents):
Timothy Kopf
Cheryl McKinney
COUNCIL,MAYORAL AND CLERK-TREASURER COMMENTS/OBSERVATIONS:
Councilor Sharp addressed the Council and congratulated Council Carter, Councilor Finkam and all
the volunteers for PorchFest that was held in downtown Carmel on Sunday, September 14, 2014.
Councilor Sharp also addressed the Council regarding the Actors Theatre of Indiana's musical
presentation of"My Fair Lady." Councilor Sharp addressed the Council regarding the Carmel
Redevelopment Commission's plans of Midtown.
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Councilors Rider, Carter and Finkam addressed the Council regarding the PorchFest.
Councilor Snyder addressed the Council regarding the Hamilton County Humane Society.
Council President Seidensticker read into the record an email from Linda Brennan regarding the
Monon Lake PUD.
ACTION ON MAYORAL VETOES:
There were none.
CLAIMS:
Councilor Snyder made a motion to approve general claims in the amount of$2,735,342.47 and
retirement in the amount of$89,198.58. Councilor Schleif seconded. There was no Council
discussion: Council President Seidensticker called for the vote. Claims and Retirement were approved
7-0.
Wire Transfers; Month of July, 2014; Month of August, 2014: Councilor Snyder made a motion to
acknowledge wire transfers for the month of July in the amount of$5,641,486.12 and wire transfers for
the month of August in the amount of$1,921,980.31. Councilor Schleif seconded. There was no
Council discussion. Council President Seidensticker called for the vote. Wire Transfers were
approved 7-0.
COMMITTEE REPORTS:
Councilor Snyder reported that the Finance, Administration and Rules Committee had not met. The
next meeting will be held on Thursday, September 18, 2014 at 5:30 p.m.
Councilor Sharp reported that the Land Use, Annexation and Economic Development Committee had
met and discussed Ordinance Z-590-14 and Ordinance Z-591-14. Both items were returned to the
Council with a unanimous positive recommendation.
Councilor Carter reported that the Parks, Recreation and Arts Committee had not met.
Councilor Schleif reported that the Utilities, Transportation and Public Safety Committee had not met.
Dave Bowers, Council representative on the Carmel Redevelopment Commission, was available for
questions of the Council regarding the financial activities of the Carmel Redevelopment Commission.
There was no Council discussion.
OLD BUSINESS
Council President Seidensticker announced the Fourth Reading of Ordinance D-2177-14; An
Ordinance of the Common Council of the City of Cannel, Indiana, Approving an Amendment to
Exhibit A of Ordinance D-1969-09,As Amended (Improvements to Main Street between Illinois Street
and Guilford Road; Estimated Cost$600,000). Councilor Snyder addressed the Council. There was
brief Council discussion. Councilor Sharp made a motion to approve Ordinance D-2177-14.
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Councilor Rider seconded. There was no Council discussion. Council President Seidensticker called
for the vote. Ordinance D-2177-14 was adopted 7-0.
Council President Seidensticker announced the Second Reading of Ordinance D-2180-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Authorizing the Issuance of the
City of Carmel, Indiana Economic Development Revenue Bonds, Series 2014 (KG Main LLC Project
—not to exceed$3,825,000); Sponsor: Councilor Snyder. Remains in the Finance, Administration and
Rules Committee(9/18/14). This item was not discussed.
Council President Seidensticker announced the Third Reading of Ordinance Z-590-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Establishing The Monon Lake
(33.95 acres west of and adjacent to the Monon Greenway, north of 1-465 and east of and adjacent to
1015`Street)Planned Unit Development District. Councilor Sharp addressed the Council regarding the
proposed commitments from the developer. This item was returned to the Council from the Land Use,
Annexation and Economic Development Committee with a unanimous recommendation. Jon
Dobosiewicz,Nelson Frankenberger,representing the petitioner, addressed the Council. Jim Shinaver,
Attorney, Nelson Frankenberger, representing the petitioner, addressed the Council. There was brief
Council discussion. Councilor Sharp made a motion to approve Ordinance Z-590-14 subject to the
commitments presented by the proposed developer recording and submission to the Clerk-Treasurer's
office. Councilor Rider seconded. There was brief Council discussion. Council President
Seidensticker called for the vote. Ordinance Z-590-14 was adopted 6-1 (Councilor Carter opposed).
Council President Seidensticker announced the Second Reading of Ordinance Z-591-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Rezoning Properties along the
Monon Greenway(Along the Southern portion of the Monon Greenway, between 96th Street and south
of Carmel Drive in the S-2/Residence, R-1/Residence, R-3/Residence, R-4/Residence, P-1/Park and
Recreation, M-3/Manufacturing, and PUD/Planned Unit Development District Classifications to be
included within the Monon Greenway Overlay Zone). Councilor Sharp addressed the Council.
Councilor Finkam made a motion to approve Ordinance Z-591-14. Councilor Sharp seconded. There
was no Council discussion. Council President Seidensticker called for the vote.
Ordinance Z-591-14 was adopted 7-0.
PUBLIC HEARINGS
Council President Seidensticker announced the Second Reading of Ordinance D-2182-14; An
Ordinance of the Common Council of the City Authorizing Approving of Cannel, Indiana, Authorizin and A pP rovin an
Additional Appropriation of Funds from the Operating Balance of the General Fund to the Department
.
of Community Services ($30,000 to help fund Indy Express f or Carmel residents). Councilor Sharp
addressed the Council. This item was returned to the Council from the Finance, Administration and
Rules Committee with a unanimous recommendation. There was no Council discussion. Council
President Seidensticker opened the Public Hearing at 6:51 p.m.
The following individuals addressed the Council in favor of Ordinance D-2182-14:
Cheryl McKinney
Shay Parks
Christine Altman, Hamilton County Commissioner and President of CIRTA
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Seeing no one else who wished to speak, Council President Seidensticker closed the Public Hearing at
7:00 p.m. Councilor Sharp made a motion to approve Ordinance D-2182-14. Councilor Finkam
seconded. There was brief Council discussion. Councilor Sharp made a motion to amend Ordinance
D-2182-14 by inserting on line 33, after residents; and for no other purpose. Councilor Rider
seconded. There was brief Council discussion. Council President Seidensticker called for the vote.
The motion to amend Ordinance D-2182-14 was approved 7-0. Councilor Sharp made a motion to
approve Ordinance D-2182-14 As Amended. Councilor Rider seconded. There was no Council
discussion. Council President Seidensticker called for the vote.
Ordinance D-2182-14 As Amended was adopted 7-0.
Council President Seidensticker announced the First Reading of Ordinance D-2188-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Authorizing and Approving an
Additional Appropriation of Funds from the Operating Balance of the General Fund to the General
Administration Department Budget ($70,000 Needed to Reimburse Electrical Service Funds
Transferred within the General Administration Department Budget to Purchase the Brookshire
Swimming Pool). Councilor Rider made a motion to move this item into business. Councilor Snyder
seconded. Councilor Rider presented this item to the Council. There was no Council discussion.
Council President Seidensticker opened the Public Hearing at 7:21 p.m. Seeing no one who wished to
speak, Council President Seidensticker closed the Public Hearing at 7:21:30 p.m. Councilor Rider
made a motion to suspend the rules and not send this item to committee and vote this evening.
Councilor Snyder seconded. There was no Council discussion. Council President Seidensticker called
for the vote. The motion was approved 6-0 (Councilor Finkam was not available). Councilor Rider
made a motion to approve Ordinance D-2188-14. Councilor Snyder seconded. There was no Council
discussion. Council President Seidensticker called for the vote.
Ordinance D-2188-14 was adopted 6-0 (Councilor Finkam was not available).
NEW BUSINESS
Council President Seidensticker announced the First Reading of Ordinance D-2183-14;.An
Ordinance of the Common Council of the City of Carmel, Indiana, Fixing Salaries of Appointed
Officers and Employees of the Clerk-Treasurer of the City of Carmel, Indiana, for the Year 2015.
Councilor Snyder made a motion to move this item into business. Councilor Schleif seconded.
Councilor Snyder presented this item to the Council. There was no Council discussion. Council
President Seidensticker referred Ordinance D-2183-14 to the Finance, Administration and Rules
Committee for further review and consideration.
Without any objection from the Council, Ordinance D-2184-14, Ordinance D-2185-14 and Ordinance
D-2186-14 were discussed together.
Council President Seidensticker announced the First Reading of Ordinance D-2184-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Fixing Salaries of Appointed
Officers and Employees of the Cannel City Court for the Year 2015. Councilor Sharp made a motion
to move this item into business. Councilor Schleif seconded. Councilor Snyder presented this item to
the Council. There was no Council discussion. Council President Seidensticker referred Ordinance
D-2184-14 to the Finance, Administration and Rules Committee for further review and consideration.
Council President Seidensticker announced the First Reading of Ordinance D-2185-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Fixing Salaries of Appointed
Officers and Employees of the City of Cannel, Indiana, for the Year 2015. Councilor Sharp made a
4
motion to move this item into business. Councilor Schleif seconded. Councilor Snyder presented this
item to the Council. There was no Council discussion. Council President Seidensticker referred
Ordinance D-2185-14 to the Finance, Administration and Rules Committee for further review and
consideration.
Council President Seidensticker announced the First Reading of Ordinance D-2186-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Fixing Salaries of Elected Officials
of the City of Carmel, Indiana, for the Year 2015. Councilor Sharp made a motion to move this item
into business. Councilor Schleif seconded. Councilor Snyder presented this item to the Council.
There was no Council discussion. Council President Seidensticker referred Ordinance D-2186-14 to
the Finance, Administration and Rules Committee for further review and consideration.
Council President Seidensticker announced the First Reading of Ordinance D-2189-14; An
Ordinance of the Common Council of the City of Cannel, Indiana, Enacting and Adopting a
Supplement to the Code of Ordinances (2nd Quarter Codification) of the City of Cannel, Indiana.
Councilor Rider made a motion to move this item into business. Councilor Schleif seconded.
Councilor Snyder presented this item to the Council. There was no Council discussion. Councilor
Rider made a motion to suspend the rules and not send this item to committee and vote this evening.
Councilor Sharp seconded. There was no Council discussion. Council President Seidensticker called
for the vote. The motion was approved 7-0. Councilor Rider made a motion to approve Ordinance
D-2189-14. Councilor Schleif seconded. There was no Council discussion. Council President
Seidensticker called for the vote. Ordinance D-2189-14 was adopted 7-0.
Council President Seidensticker announced Resolution CC-09-15-14-01; A Resolution of the
Common Council of the City of Cannel, Indiana, Approving Cannel Redevelopment Commission
Goods and Services Contract with Midwest Constructors, LLC (P.O. #31785- $203,890;Nash Site
Work). Councilor Finkam made a motion to move this item into business. Councilor Carter seconded.
Councilor Finkam addressed the Council and referred to Corrie Meyer, Executive Director, Cannel
Redevelopment Commission, to present this item to the Council. There was no Council discussion.
Councilor Finkam made a motion to approve Resolution CC-09-15-14-01. Councilor Snyder
seconded. There was no Council discussion. Council President Seidensticker called for the vote.
Resolution CC-09-15-14-01 was adopted 7-0.
OTHER BUSINESS
Council President Seidensticker announced Resolution CC-07-07-14-01 As Amended (Formerly
Common Council of the City of Cannel, Indiana, Amending the
CC-09-07-21-01; A Resolution of the Co y g
Cannel Clay Comprehensive Plan"C3 Plan 2009"Regarding the Transportation Plan; Sponsor:
Councilor Rider-Adopted July 7, 2014 by a vote of 6-0 (Councilor Finkam not present). This item is
being returned to the Council from the Plan Commission with a 4-0 vote to DISAPPROVE the
amendments adopted by the Council. Council President Seidensticker addressed the Council and
explained the reason this item was back on the Council's agenda. If the Council confirms their
previous amendments and vote on this item then the law department will need to prepare a new
resolution that needs to be placed on the next agenda. Councilor Sharp asked that the law department
prepare a resolution for the next Council agenda. There was brief Council discussion regarding the ns
Executive Committee of the Plan Commission being allowed to overturn the Council vote. Assistant
City Attorney, Ashley Ulbricht,will research and get back to the Council with an answer.
5
ANNOUNCEMENTS
There were none.
EXECUTION OF DOCUMENT
ADJOURNMENT
Mayor Brainard adjourned the meeting at 7:39 p.m.
Respectfully submitted,
0 1 G
1,
Clerk-Treasurer Diana L. Cordray, IAl
Approved,
ei;tee)-e--0
J es Brainard, Mayor
ATTEST:
•
n q
Diana L. Cordray, IAMC, Clerk-Treas •er
19:15/14 CC'Meeting Minutes
6
•
CARMEL REDEVELOPMENT COMMISSION
Carmel Redevelopment Commission
•
STRATEGIC HIGHLIGHTS
• Staff presented an evolution of the City Center site plan at the August CRC meeting.
• Keystone Group submitted a request for TIF funding at the August CRC meeting.
• Edward Rose received CRC approval to reallocate the TIF area for their project on Old Meridian.
FINANCIAL HIGHLIGHTS
July Beginning Balance $10,930,674
---Jul y Revenues $(9,9 95,768)
. . ._ _
July Expenditures $ 47,383
July Ending Balance $ 887 523
OPERATING HIGHLIGHTS
• An inventory of CRC assets in the Center for Performing Arts campus has been completed and filed
with the Clerk Treasurer's office.
• CRC staff,the CRC Treasurer,and CT staff will be meeting bi-weekly to coordinate administration
of CRC funds.
LOOKING AHEAD
• Staff is focused on completing the CRC construction projects this year,initiating the start of work
for the second phase of City Center,and working with private developers to initiate development in
the Midtown area.
• The CRC will adopt a resolution in September to adopt a Redevelopment Commission Fiscal Policy,
crystallizing roles and responsibilities.
Corrie Meyer,AICP,RLA,LEED AP
Director
Carmel Redevelopment Commission/Department
September 5,2014
Prepared for David Bowers and Brad Meyer
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 11
FINANCIAL STATEMENT
Financial Statement
JULY MONTH-END FINANCIAL BALANCE
Ending Balance without Restricted Funds $ 887,523
Ending Balance with Restricted Funds $2,190,705
SUMMARY OF CASH
For the Month Ending July 31,2014
DESCRIPTION ACTUAL BUDGET VARIANCE
Cash Balance 7/1/14
1101 Cash $378,633.97 $378,633.97 $-
1110 TIF 10,552,039.53 10,552,039.53 -
Total Cash $10,930,673.50 $10,930,673.50 $-
Receipts
1101 Cash $151,691.45 $242,881.00 $(91,189.55)
1110 TIF (8,276,279.10) (8,276,336.20) 57.10
Developer Payments (1,871,180.40) (1,871,186.70) 6.30
Total Receipts $(9,995,768.05) $(9,904,641.90) $(91,126.15)
Disbursements
1101 Cash $47,382.79 $168,174.00 $120,791.21
1110 TIF - - -
Total Disbursements $47,382.79 $168,174.00 $120,791.21
1101 Cash $482,942.63 $453,340.97 $29,601.66
1110 TIF 404,580.03 404,516.63 $63.40
Cash Balance 7/31/14 $887,522.66 $857,857.60 $29,665.06
Total Usable Funds $887,522.66 $857,857.60 $29,665.06
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 12
FINANCIAL STATEMENT
FUND BALANCES AND OUTSTANDING RECEIVABLES
As of July 31,2014
Restricted Funds
Energy Center Reserve $501,588
Civic Rent Reserve 801,594
Sub-total: 1.303.182
Cash (as seen in Summary of Cash table)
TIF 404,580
Operating 482,943
Sub-total: 887.523
Total Funds $2.190.705
Outstanding Receivables
None
STATEMENT OF CHANGES IN EQUITY
MONTH END:JULY 2014
DESCRIPTION REVENUE EXPENSES
Total Receipts(Non-Operating) ($10,147,460)
Total Receipts(Operating): $151,691
Expenditures(Non-Operating) $47,383
Expenditures(Operating) $0
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 13
FINANCIAL UPDATE.
Financial Update
TIF REVENUE AND DEBT
As of the approved July budget,projected TIF Revenue was estimated at$17,532,007.
Bond debt payments were made in June and July. Another payment will be made in December of 2014.
Below are the anticipated payments based on the July approved CRC budget;
MONTH TOTAL
June 2014 $ 484,228
July 2014 $8,276,336
December 2014 $8,774,841
GOING CONCERN
The CRC is managing expenditures to maintain a balanced budget in anticipation of lower TIF Revenue.
With construction projects underway or getting started,we will be coordinating closely with contractors to
minimize unknown change orders.
TAKEAWAYS
• Month-end balance is positive.
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 14
PROJECT UPDATES
Project Updates
CITY CENTER
• Developer Partner:Pedcor Companies
• Allocation Area:City Center
•
Project Summary:
• Use:Mixed-Use
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Figure 1 City Center Master Plan,provided by Pedcor City Center Development Company
• Phase 1—complete
1) Apartments-Demand for apartments remains strong which supports the occupancy and rental
rates. Current occupancy is at 99%.
2) Retail—Pedcor currently leases on 91%of the total 79,570 in LSF. The remaining 9%(the old
Mangia,Holy Cow,&Sports Authority locations)of unleased space have future tenants for them,
and are working through the space planning process. Pedcor anticipates to be 100%leased by fall
of 2014.
I
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 15
PROJECT UPDATES
• Nash Building/Parcel 73
1) Project Status-under construction
•• L a 7,--17,.(7;
a) The Nash underground parking garage is 90%complete and currently ii. ^° ,
on budget. The Nash Building windows have been installed. Drywall t 2i' 11 ; 3 i ; --
on all three floors has started with the anticipation of lightweight E li t . '.t :ICI, ti '
concrete over the next few weeks. Electric supply from Duke Energy is I `,`: , ! A'. ..1w5.°fi z
being installed,which will allow for the HVAC to begin shortly. The I3-,t .1 1�'t 1 i
..1
3.,
project is on budget and remaining on schedule,with an anticipated i ! L �
II ,
completion date of fall 2014. Approximately half of the 9,000 sf of the
retail space has been leased with strong prospects for the remaining Provided by Pedcor City Center
commercial space. Uev.Co.1
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Approve Contract On agenda CRC selected Midwest
Constructors
' 3) CRC Commitments
Provide streetscape along Rangeline Road.
a) Budget
Low Bid w/stamped
Budget concrete
Design/Engineering $5,000 (majority of contract pd.in 2013)
per June'14 Budget
Construction $100,000 per June'14 Budget
New Revenue to supplement
higher bid(N $142,179
Available funds for
construction project I $242,179 $203,890
b) Design Consultant:American Structurepoint
c) CRC Commitment Schedule
Design%Complete 100%
Proposed Construction Start Date September 2014
Anticipated Project Completion October 2014
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 16
r /
PROJECT UPDATES
• Phase 2
1) Project Status—designs are schematic and construction has not started.
a) Project initiation discussions are continuing between Pedcor and the CRC. Staff has been
meeting with Councilors independently to introduce a comprehensive approach for the
completion of City Center. We are anticipating a request to reallocate the City Center TIF area
to fund public improvements on the Phase 2 site before year's end.
2) Proposed Construction/Use Sequence
PROJECT USE PROJECT DESIGN RENDERINGS,
START DATE PROVIDED BY PEDCOR
Garage A three to four story parking structure with Fall 2014
East approximately 470 to 625 parking spaces, (garage only)
which will include u p to approximately
,J >�
pp Y
28,000 square feet of luxury apartments o:.; • ,^�;:
and commercial retail/office space. %i a4 p r ill` 'nh51f
Baldwin/ A'four story building,of approximately Spring 2015
Chambers 64,000 square feet,which will include
luxury apartments and commercial I
retail/office space. Pedcor is currently
7,
working with four commercial businesses - .A C
who will occupy approximately 14,000 sf of j s""
the commercial space.
Holland A five story building,of approximately Fall 2015
63,000 square feet,which will include
luxury apartments and commercial 0
P.� 11 totAr
retail/office space. � ��
ffi : �� ^ o>inrl
idd
••It�, ' i Iilltpil
y r ..4
Playfair A five story building,of approximately Fall 2015
63,000 square feet,which will include
luxury apartments and commercial
retail/office space.
Garage See Garage East note above. Fall 2015
Retail
Pedcor A two story building,of approximately Fall 2015
Office 5 20,000 to 25,000 square feet,which will .
include office space. ( _
■1 ku
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 17
PROJECT UPDATES
Kent A three story building,of approximately Fall 2015 ,.
111,000 square feet of luxury apartments.
I."�tr. �N c.Ic�l&:.•�
� r
Wren A seven story building,of approximately Fall 2016
Itrq
88,000 square feet,which will include ,yrl` 0 t
luxury apartments and commercial y, , " ' u y�
office/retail space. , f., 5 p 1 h
IV ,81:,
Al,.11-4 all h F
Windsor A four story building,of approximately Fall 2017
64,000 square feet,which will include
luxury apartments and commercial
office/retail space.
Eastern A building,of approximately 76,000 to Fall 2017
Motor 91,000 square feet,which will include
Court Site luxury apartments and commercial
office/retail space designed so that in the
future it could be in whole,or in part,
converted to hotel rooms and/or hotel
amenities.
Hotel A four story hotel,of approximately 44,000 TBD
square feet,which will include parking.
3) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
None at this time.
4) CRC Commitments
No commitments have been formalized.
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 1 8
PROJECT UPDATES
THE MEZZ/ MONON LOFTS
• Developer Partner:Anderson Birkla
• Allocation Area:City Center
• Project Summary:
• Use:Primary Residential. 42 residential units with 12,000 square feet of office.
• Total project budget:$7.7mm
• Secured Tenants:Fat Atom,Vocare,Anderson Birkla
k 3
MONDf'1-i,DO1.EYMO 1
e� 1 1 1 1 1 1 7 I-r- . :v !r i ry•'_ : iy`a
•. ,L° t
i,
Gv aUR;v
c I'+
a
nay SF'
t
----7i I R
i ; - � t � OFFICE PARKING GARAGE
' ll•J• iv I i-I A &D
T i
y I EttCRDY }.'.
''" .� A i CENTER ( Y
- !�_' 1 1 ,}� THEATER s Nt•.�_ ,.
_.. `,. . y �d A OFFICE 7:
i • . ..,_tawtN.,,,....,,y.-4-T 4.. . ,i,,_9. , _,_ L. :,j.---: it,„_..... _r.,.. „,,,g.,:: ,,
1 T, �-"g�'41,C1 R .'t'-,-- '"� ‘. PEtKDtRU.N
p
.,_,.._-8.'.Y.C��+ ,-'- LN�> f !'1''``��t ork, ■ice , :N• i
.
n ,Y c r, 3 ' - .S
Figure 2 Image provided by Anderson Birkla
• Anticipated Project Schedule
Office Move In October,2014
Residential Move In October,2014
Project complete December,2014
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 19
PROJECT UPDATES
• Mezz Building(3rd Avenue)
1) Project Status—under construction
a) Framing is 100%complete.Frame punch is 98%completed.
b) MEP-,Plumbing Unit Rough is 80%completed.Electrical is 90%
completed,Fire Suppression rough is 95%completed,HVAC Rough is 90%completed,
0
c) Building 1-Roof install is 90%completed.The remainder of the roof finish will occur after the
EIFIS is installed.
d) Steel Fire spray coating is completed.
e) Contractor punch lists are created for all MEP trades and the Framing Subcontractor.
f) MEP&Framing Inspections are scheduled to begin Thursday next week on the units.
g) Insulation and drywall to follow.
• Monon Lofts Building(Monon side)
1) Project Status—under construction
li) Framing is 100%complete.Frame punch is 98%completed.
i) MEP-Plumbing 2nd rough is 90%completed.Electrical is 90%completed,
j) Fire Suppression is 95%completed.HVAC is 95%completed.
k) Roof is 90%completed.The remainder will be finished after the EIFIS is installed.
1) Steel Fire spray coating is completed.
m) Contractor punch lists are created for all MEP trades and the Framing Subcontractor.
n) MEP&Framing Inspections are scheduled to begin Thursday next week on the units.
o) Insulation and drywall to follow.
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Instead of issuing a new bid package for September
construction of the Monon connecting path,
Midwest Constructors will be submitting a
change order to complete this scope of work.
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 110
PROJECT UPDATES
3) CRC Commitments
Provide parking spaces on 3rd Ave and streetscape on the west and south side of the building and
relocate street utilities.Site Improvements,Monon Connection path,Small pocket park(by developer)
a) Budget
Design/Engineering $8,900 for Utility Relocation Per approved June'14 CRC budget
Not to exceed$75,000 for
Design/Engineering site design;/engineering Per approved June'14 CRC budget
Invoices are expected to be paid
October/November. Calumet Civil
Site Construction $67,021 (3rd Ave) Contractors.
Waiting on Duke Energy to start
submit design,schedule,and final
estimate. Invoices are expected to
Utility Relocation $250,000 be paid in December.
Invoices are expected to be paid
October/November. Monon
connection will be a change order.
Site Construction $242,979 (site work) Midwest Constructors.
b) Design Consultant:American Structurepoint
c) Construction Contractor:Calumet Civil Contractors/Duke Energy/Midwest Constructors
d) CRC Commitment Schedule
Design%Complete 100%
Proposed Construction Start Date September 2014
Anticipated Project Completion November for site work
-end of report-
September 5,2014 CRC Report for September 15,2014 City Council Meeting Page 111
From: Brennan, Linda
Sent: Monday, September 15, 2014 7:47 AM
To: eseidensticker @carmel.in.gov
Cc: Isnyder @carmel.in.gov; krider @carmel.in.gov; rcarter @carmel.in.gov; cschleif @carmel.in.gov;
sfinkam @carmel.in.gov; rsharp @carmel.in.gov
Subject: Monon Lake PUD vote today
Dear Councilman Seidensticker,
I am writing to humbly request,a good faith gesture from the Carmel City Council.To introduce myself, I am the resident
of College Meadows leading the remonstrance against the Monon Lake PUD. I addressed the Council at the public
hearing on behalf of our residents.
We understand that potentially buying the land is the only option left to us. We are in the midst of forming an LLC and a
potential board to secure the funds to purchase and manage the Monon Lake property. We are humbly requesting that
City Council extend the vote out to the October 15 deadline to allow us the time to attempt to buy the lake.We realize
the Council does not have to do this, but we ask that Council please grant us this one last request as a gesture of
community and good faith.
Thank you SO much for your consideration in this matter. I also request that this letter be read into the minutes of the
September 15 Council meeting.
Thank you again.
Please confirm receipt of this communication.
Linda Brennan
1115 Rutherwood Court
317-771-0228
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