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HomeMy WebLinkAbout06-01-2015 001 cA f � * LL ® City of Carmel 4.r 01100 Office the COMMON COUNCIL Clerk-Treasurer MEETING AGENDA MONDAY, JUNE 1, 2015 - 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. April 20, 2015 Regular Meeting b. May 7, 2015 Special Meeting c. May 19, 2015 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- $1,505,343.91 b. General Claims - $210.00 and $2,509,623.65 c. Retirement - $88,777.51 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 1 10. OLD BUSINESS a. Ninth Reading of Ordinance D-2190-14; An Ordinance of the Common Council of the City of Carmel, Indiana, Amending Carmel City Code Section 8-120 (Specific Locations of Stop & Yield Intersections Designated) and its "Schedule A; Sponsor(s): Councilor(s) Finkam, Carter and Rider. Remains in the Utilities, Transportation and Public Safety Committee. b. Ninth Reading of Ordinance D-2198-14; An Ordinance of the Common Council of the City of Carmel, Indiana, Adding Chapter 2, Article 5, Section 2-188 (Historic Preservation for the City of Carmel) (b)(9) to the Carmel City Code; Sponsor(s): Councilor(s) Carter and Finkam. Sent to the Department of Law for correct language. c. Ninth Reading of Ordinance D-2199-14; An Ordinance of the Common Council of the City of Carmel, Indiana, Amending Chapter 3, Article 1,Division II, Section 3-18 (Order of Business) of the Carmel City Code; Sponsor(s): Councilor(s) Carter and Finkam. Sent to the Department of Law for correct language. d. Second Reading of Ordinance D-2211-15; An Ordinance of the Common Council of the City of Carmel, Indiana, Adding New Subsection (e) to Chapter 8, Article 4, Section 8-36 (Turning Regulations) of the Carmel City Code; Sponsor(s): Councilor(s) Finkam and Carter. Remains in the Utilities, Transportation and Public Safety Committee. 11. PUBLIC HEARINGS a. First Reading of Ordinance D-2213-15; An Ordinance of the Common Council of the City of Carmel, Indiana, Allocating Rate Cap Credits and Appropriating Funds for the Maintenance of Certain City Facilities ($659,044 from the General Fund to the Street Department); Sponsor(s): Councilor(s) Snyder, Rider, Carter and Finkam. 12. NEW BUSINESS a. First Reading of Ordinance D-2212-15; An Ordinance of the Common Council of the City of Carmel, Indiana, Changing the Speed Limit to 35 Miles Per Hour on River Road and 40 Miles Per Hour on Gray Road; Sponsor: Councilor Finkam. b. First Reading of Ordinance D-2214-15; An Ordinance of the Common Council of the City of Carmel, Indiana, Amending Chapter 8, Article 8, Section 8-91 (Municipal Traffic Violation-Penalties) and Chapter 3, Article 2, Section 3-58 (Establishment of Violations Bureau and Appointment of Violations Clerk) of the Carmel City Code; Sponsor(s): Councilor(s) Finkam, Rider, Snyder and Carter. c. First Reading of Ordinance D-2215-15; An Ordinance of the Common Council of the City of Cannel, Indiana, Reestablishing the Tax Rate for the City of Carmel Cumulative Capital Development Fund and Reaffirming Cannel City Code Chapter 2, Article 4, Section 2-91 (Cumulative Capital Development Fund#211), Accordingly; Sponsor(s): Councilor(s) Snyder and Ryder. 2 d. Resolution CC-06-O1-15-01; A Resolution of the Common Council of the City of Carmel, Indiana,Approving Carmel Redevelopment Commission Professional Services Contract with Context Landscaping Architecture (P.O. #32948- $50,500;Design Services for Sophia Square Courtyard); Sponsor: Councilor Finkam. 13. OTHER BUSINESS a. Property Abatements/Compliance with Statement of Benefits—Deadline was May 15, 2015: 1. Allegient, LLC 2. Baldwin &Lyons, Inc. 3. Belden, Inc. 4. Capital Bank and Trust Co. 5. Dealer Services Corporation 6. Flywheel Healthcare, LLC 7. GEMMS, Inc. 8. KAR Auction Services, Inc. 9. Meridian Medical Partners, LLC 10. Midwest Independent Transmission System Operator(MISO) 11. The Capital Group Companies 14. ANNOUNCEMENTS 15. EXECUTION OF DOCUMENT 16. ADJOURNMENT O&M/15 CC Meeting Agenda 3 COMMON COUNCIL MEETING MINUTES MONDAY, JUNE 1, 2015 - 6:00 P.M. COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE MEMBERS PRESENT: Mayor James Brainard, Council President Richard L. Sharp, Council Members Sue Finkam, Carol Schleif, W. Eric Seidensticker, 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 George Ferch, Bethlehem Lutheran Church,pronounced the Invocation. Mayor Brainard led the Pledge of Allegiance. RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS: There were none. APPROVAL OF MINiJTES: Councilor Seidensticker made a motion to approve minutes from the April 20, 2015 Regular Meeting. Councilor Schleif seconded. There was no Council discussion. Council President Sharp called for the vote. Minutes were approved 7-0. Councilor Seidensticker made a motion to approve minutes from the May 7, 2015 Special Meeting. Councilor Schleif seconded. There was no Council discussion. Council President Sharp called for the vote. Minutes were approved 5-2 (Councilors Finkam and Carter abstained). Councilor Schleif made a motion to approve minutes from the May 19, 2015 Special Meeting. Councilor Snyder seconded. There was no Council discussion. Council President Sharp called for the vote. Minutes were approved 5-2 (Councilors Seidensticker and Snyder abstained). RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL: There were none. COUNCIL, MAYORAL AND CLERK-TREASURER COMMENTS/OBSERVATIONS: Councilor Snyder addressed the Council regarding the Hamilton County Humane Society. ACTION ON MAYORAL VETOES: There were none. 1 CLAIMS: Councilor Seidensticker made a motion to approve payroll in the amount of$1,505,343.91. Councilor Schleif seconded. There was no Council discussion. Council President Sharp called for the vote. Payroll was approved 7-0. Councilor Seidensticker made a motion to approve claims in the amount$210.00 and$2,509,623.65. Councilor Schleif seconded. There was no Council discussion. Council President Sharp called for the vote. Claims were approved 7-0. Councilor Seidensticker made a motion to approve retirement in the amount of$88,777.51. Councilor Rider seconded. There was no Council discussion. Council President Sharp called for the vote. Retirement was 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, June 18, 2015 at 5:30 p.m. Councilor Seidensticker reported that the Land Use,Annexation and Economic Development Committee had not met. Councilor Rider reported that the Parks, Recreation and Arts Committee had not met. Councilor Finkam reported that the Utilities, Transportation and Public Safety Committee had not met. The next meeting will be held on Wednesday, June 3, 2015 at 5:30 p.m. Corrie Meer Council representative on the Carmel Redevelopment Commission, was available for Meyer, p P questions of the Council regarding the financial activities of the Cannel Redevelopment Commission. There was no Council discussion. OLD BUSINESS Council President Sharp announced the Ninth Reading of Ordinance D-2190-14; An Ordinance of the Common Council of the City of Carmel, Indiana, Amending Carmel City Code Section 8-120 (Specific Locations of Stop & Yield Intersections Designated) and its "Schedule A; Sponsor(s): Councilor(s) Finkam, Carter and Rider. Remains in the Utilities, Transportation and Public Safety Committee. This item was not discussed. Council President Sharp announced the Ninth Reading of Ordinance D-2198-14; An Ordinance of the Common Council of the City of Carmel, Indiana, Adding Chapter 2, Article 5, Section 2-188 (Historic Preservation for the City of Carmel) (b)(9) to the Carmel City Code. Councilor Snyder presented Ordinance D-2198-14 As Amended, VERSION A—Finance, Administration and Rules Committee 4/16/15 to the Council and made a motion to amend Ordinance D-2198-14. Councilor Rider seconded. There was no Council discussion. Council President Sharp called for the vote. The motion was approved 7-0. Councilor Seidensticker made a motion to approve Ordinance D-2198-14 As Amended. Councilor Schleif seconded. There was no Council discussion. Council President Sharp called for the vote. Ordinance D-2198-14 As Amended was adopted 7-0. 2 Council President Sharp announced the Ninth Reading of Ordinance D-2199-14; An Ordinance of the Common Council of the City of Carmel, Indiana, Amending Chapter 3, Article 1, Division II, Section 3-18 (Order of Business) of the Carmel City Code; Sponsor(s): Councilor(s) Carter and Finkam. Remains in the Finance, Administration and Rules Committee. This item was not discussed. Council President Sharp announced the Second Reading of Ordinance D-2211-15; An Ordinance of the Common Council of the City of Carmel, Indiana, Adding New Subsection(e)to Chapter 8, Article 4, Section 8-36 (Turning Regulations) of the Carmel City Code; Sponsor(s): Councilor(s) Finkam and Carter. Remains in the Utilities, Transportation and Public Safety Committee. This item was not discussed. PUBLIC HEARINGS Council President Sharp announced the First Reading of Ordinance D-2213-15; An Ordinance of the Common Council of the City of Carmel, Indiana, Allocating Rate Cap Credits and Appropriating Funds for the Maintenance of Certain City Facilities ($659,044 from the General Fund to the Street Department). Councilor Rider made a motion to move this item into business. Councilor Carter seconded. Councilor Finkam referred to Steve Engelking,Director of Administration, to present this item to the Council. There was no Council discussion. Council President Sharp opened the Public Hearing at 6:17 p.m. Seeing no one who wished to speak, Council President Sharp closed the Public Hearing at 6:17:40 p.m. There was no Council discussion. Council President Sharp referred Ordinance D-2213-15 to the Finance, Administration and Rules Committee for further review and consideration. NEW BUSINESS • Council President Sharp announced the First Reading of Ordinance D-2212-15; An Ordinance of the Common Council of the City of Cannel, Indiana, Changing the Speed Limit to 35 Miles Per Hour on River Road and 40 Miles Per Hour on Gray Road. Councilor Snyder made a motion to move this item into business. Council Finkam seconded and presented this item to the Council. There was no Council discussion. Council President Sharp referred Ordinance D-2212-15 to the Utilities, Transportation and Public Safety Committee for further review and consideration. Council President Sharp announced the First Reading of Ordinance D-2214-15; An Ordinance of the Common Council of the City of Cannel, Indiana, Amending Chapter 8, Article 8, Section 8-91 (Municipal Traffic Violation-Penalties) and Chapter 3, Article 2, Section 3-58 (Establishment of Violations Bureau and Appointment of Violations Clerk) of the Cannel City Code. Councilor Finkam made a motion to move this item into business. Councilor Snyder seconded. Councilor Finkam presented this item to the Council. There was no Council discussion. Council President Sharp referred Ordinance D-2214-15 to the Utilities, Transportation and Public Safety Committee for further review and consideration. Council President Sharp announced the First Reading of Ordinance D-2215-15; An Ordinance of the Common Council of the City of Cannel, Indiana, Reestablishing the Tax Rate for the City of Cannel Cumulative Capital Development Fund and Reaffirming Carmel City Code Chapter 2, Article 4, Section 2-91 (Cumulative Capital Development Fund#211), Accordingly. Councilor Finkam made a motion to move this item into business. Councilor Schleif seconded. Councilor Snyder referred to Curt Coonrod, C. L. Coonrod & Company, to present this item to the Council. There was no Council discussion. Council President Sharp referred Ordinance D-2215-15 to the Finance, Administration and Rules Committee for further review and consideration. 3 Council President Sharp announced Resolution CC-06-O1-15-01; A Resolution of the Common Council of the City of Carmel, Indiana, Approving Cannel Redevelopment Commission Professional Services Contract with Context Landscaping Architecture (P.O. #32948- $50,500;Design Services for Sophia Square Courtyard). Councilor Finkam made a motion to move this item into business. Councilor Schleif seconded. Councilor Finkam referred to Corrie Meyer, Executive Director, Cannel Redevelopment Commission, to present this item to Council. Mayor Brainard addressed the Council. There was no Council discussion. Council President Sharp referred Resolution CC-06-01-15-01 to the Finance, Administration and Rules Committee for further review and consideration. OTHER BUSINESS Property Abatements/Compliance with Statement of Benefits—Deadline was May 15, 2015: 1. Allegient, LLC 2. Baldwin &Lyons, Inc. 3. Belden, Inc. 4. Capital Bank and Trust Co. 5. Dealer Services Corporation 6. Flywheel Healthcare, LLC 7. GEMMS, Inc. 8. KAR Auction Services, Inc. 9. Meridian Medical Partners, LLC 10. Midwest Independent Transmission System Operator(MISO) 11. The Capital Group Companies Council President Sharp read the list of current Tax Abatements. The Abatements were sent to the Finance, Administration and Rules Committee for further review and consideration. ANNOUNCEMENTS There were none. EXECUTION OF DOCUMENT ADJOURNMENT Mayor Brainard adjourned the meeting at 6:39 p.m. Respectfully submitted, ( (),. Clerk- reasurer Diana L. Cordray, A 4 • • Approved, � C� J es Brainard,Mayor ATTEST: • 12-'?"-;-6t)K Diana L. Cordray, IAMC, Clerk-Treasurer • 06/01/15 CC'Meeting Minutes 5 • ' h CARMEL REDEVELOPMENT COMMISSION CITY COUNCIL MAY, 2015 REPORT W REPORTING ON MARCH 2015 FINANCES APRIL 2015 ACTIVITIES Carmel Redevelopment Commission STRATEGIC HIGHLIGHTS • The CRC approved a design contract with Context Design to make safety and functional improvements at the Monon,north of Main Street. • The CRC approved a design contract with CSO to re-package the Palladium Landscape design and develop an up-to-date cost estimate for the project. • The CRC received 3 proposals from design firms to finalize the Sophia Square plaza,as committed in the Project Agreement with Carmel Lofts. The Architectural Committee will make a recommendation at the next CRC meeting. FINANCIAL HIGHLIGHTS The following highlights represent unrestricted funds available to the CRC to work its mission. Total savings at month-end were 3,831,755. Savings are considered restricted and are in addition to the ending balance noted below. March Beginning Balance $ 4,917,025 March Revenues $ 119,927 March Expenditures $ 29,920 March Ending Balance $ 5,007,032 FUNCTIONAL HIGHLIGHTS • CRC staff,the CRC Treasurer,and Clerk Treasurer(CT) staff met once in April. Attendees were Diana Cordray,Corrie Meyer,and Mike Lee. No significant issues were discussed. • Original records transferred to and/or documents shared with CT office for record-keeping: DATE DOCUMENT METHOD 4/16/15 Original Nash Change Order No.3 Hand Delivery 4/16/15 Original Nash Change Order No.4 Hand Delivery 4/16/15 Original Mezz Change Order No. 1 Hand Delivery 4/16/15 Original Reflecting Pool Change Order No. 1 Hand Delivery LOOKING AHEAD • The CRC has been finalizing a Purchase Agreement with the Midtown team for the warehouse property on 3rd Ave. Final signatures are expected in May. May 8 2015 CRC Report for May 18,2015 City Council Meeting Page I 1 FINANCIAL STATEMENT Financial Statement Month-End*Budget vs.Actual $6,000,000.00 MARCH MONTH-END FINANCIAL BALANCE $5,000,000.00 Ending Balance without $ 5,007,032 $4,000,000.00 Restricted Funds* $3,000,000.00 Ending Balance with $8,838,787 $2,000,000.00 Restricted Funds $1,000,000.00 $0.00 ($1,000,000.00) Actual Budget Variance SUMMARY OF CASH ®Seriesl $5,007,032. $5,013,143. ($6,111.16) For the Month Ending March 31,2015 MONTHLY DESCRIPTION ACTUAL PROJECTION VARIANCE Cash Balance 3/1/15 1101 Cash $4,867,938.08 $4,867,938.08 $- 1110 TIF 49,086.78 49,086.78 - Total Cash $4,917,024.86 $4,917,024.86 $- Receipts 1101 Cash $119,917.60 $126,038.00 $(6,120.40) 1110 TIF 9.24 - 9.24 Developer Payments - - - Transfer to SRF - - - Total Receipts $119,926.84 $126,038.00 $(6,111.16) Disbursements 1101 Cash $29,919.70 $29,919.70 $- 1110 TIF - - - Total Disbursements $29,919.70 $29,919.70 $- 1101 Cash $4,957,935.98 $4,964,056.38 $(6,120.40) 1110 TIF 49,096.02 49,086.78 9.24 Cash Balance 3/31/15 $5,007,032.00 $5,013,143.16 $(6,111.16) Total Usable Funds $5,007,032.00 $5,013,143.16 ($6,111.16) May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 12 • FINANCIAL STATEMENT FUND BALANCES AND OUTSTANDING RECEIVABLES As of March 31,2015 Restricted Funds Energy Center Reserve $501,982 Civic Rent Reserve 802,224 Supplemental Reserve Fund 2,527,549 Sub-total: 3.831,755 Unrestricted Funds TIF 49,096 Non TIF 4,957,936 Sub-total: 5,007.032 Total Funds S8.838.787 Outstanding Receivables Energy Consumption Payments 2014 Keystone Bond Enhancement Fee 190,092 Total Outstanding Receivables $190.092 STATEMENT OF CHANGES IN EQUITY MONTH END: MARCH 2015 DESCRIPTION REVENUE EXPENSES Total Receipts(TIF) $9 Total Receipts(Non-TIF): $119,918 Expenditures(TIF) $0 Expenditures(Non-TIF) $29,920 May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 13 FINANCIAL UPDATE Financial Update TIF REVENUE AND DEBT Projected TIF revenue available for CRC use and reserve transfers is$19,957,730. $1,927,820 is projected to be transferred to reserves. Net Developer Pass-Thru TIF Revenue forecast is$18,029,910. Bond debt payments will be made in June and December. Below are the projected payments; MONTH TIF TOTAL CO IT TOTAL June 2015 $9,056,949 $479,711 December 2015 $9,054,864 $479,532 GOING CONCERN The CRC is managing expenditures to maintain a balanced budget. With construction projects underway, we are coordinating closely with contractors to minimize unforeseen change orders. TAKEAWAYS • Month-end balance is positive. • Discussions with Council resulted in a re-formatting of the CRC Budget. A re-formatted version of the approved CRC budget was distributed to Council and the CRC. May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 14 Project Updates CITY CENTER Developer Partner: Pedcor Companies Allocation Area:City Center Project Summary:see below Use:Mixed-Use 1 C ARMEL CITY CENTER PROPOSED SITE PLAN 12-8-14 11... II ( l IV'T�yJ - CITY CENTER DRIVE 11 AIMED ---k , b ,,, Li-' Lil El — • 1"1 II t Emilia - i I. awEDGw000 i E I=,,c g.. RC-�'3'- —11a1—‘`- - O ml�n . TIM NIIADIDN GANSDOAOVGN - �q'3I • •1.-----1•i aYILDING 11144111L_II11L_.f//i' ', er 1 lseuTN� r go Hotel/Motor Coulrt 1 D I I L ' WRpNG .i..ii a h. e WAT 1 _21.r) 1 =C:j H ✓ 1 , I Vlhndsor _ '< I 1 I `r Y O;; 0 1 .Bal®win P*v, z as 1 r i r w 1.1111 a.ewe > i . - 1 `' '., i-, ,H—". e.�Q o --v-, Ei.. l © E� ° I rrkr�X, •r shoo THEJANES ,� -a ,,.! 1 } �TNUT[A C THE TAAIDNGTON . A• �,� a 1141 ~ —rte\ s• I D D F 6 PAM[WEST ' 4 I is '-1 �^C-,L, I D D-I` ter` _ II g l a! P'.a, ,- 'S i s - �1• r. ow ii E ®A. k,,.._v)Yrlia y..Qp4�,49.-4.� or�.6 Mai i. 1{}1 e® Ol ea 45, RONONGRLEV,l1YP.. g i r 3f.1°� s-fTt}T .• ]L�� -tea..v-l>ca>• ,,'' —:1 91 02014 Cauac Cm Cann,LLC A PEDCOR DEVELOPMENT �£� DD z_. C1 W U 0 i C. 1 iF Figure 1 City Center Master Plan,provided by Pedcor City Center Development Company May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 15 PROJECT UPDATES Phase 1-complete 1) Apartments-Apartment demand remains strong,which supports the occupancy and rental rates. Current occupancy CITY CENTER EVENTS is at 96%. 2) Retail-Currently,Pedcor leases 90%of the total 79,570 in LSE Fine Jewelry Boutique opening soon in Phase 1 of City Center. The Langton's Irish Pub is opening in June in Phase 1 Saturday,.May 16th of City Center. If you know of retailers that would be great to Lemonade Day, have here,please contact Melissa Averitt at 705-7982 or Sidewalk Sales,DJ and Jimia Smith at 660-3388. Fashion Trucks at City Center.Lemonade Nash Building/Parcel 73 stands from 10am.— 1) Project Status-under construction 1pm• 3) Retail-Of the approximately 9,500 sf of commercial space Thursday,June 20th available,49%is leased to The Art of Kitchen and Home (Mondana)with another 22%under Letter of Intent. The ATI sidewalk concert remaining 2,756 sf,comprised of 2 suites,are currently starting at 6:30pm under negotiations. The Art of Kitchen and Home is Fri,Sat,Sun, completing their tenant finish with an anticipated opening at July 17,18,1.9 the end of April. Graeter's Ice Cream has signed a lease and build-out will be underway soon. Passport to City Center a) Apartments-Interest in the 30 Nash apartments is strong with book offers and with management receiving applications and prospects. First sidewalk concerts.More move-in's are beginning soon. details coming soon. 2) CRC Commitments Thursday,August 20th! Provide streetscape along Rangeline Road. a) Original Construction Budget-not including construction ATI sidewalk concert change orders. starting at 6:30pm Budget Friday,October 2 Construction $237,179 Oktoberfest b) Design Consultant:American Structurepoint c) CRC Commitment Schedule Construction Start Date October 2014 Anticipated Project Completion May 2015 May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 16 PROJECT UPDATES Phase 2 1) Project Status-designs are schematic and construction has not started. a) Engineering will begin on the buildings proposed to begin construction in 2015. b) Schematic drawings for Pedcor Sq. 5,Holland,and Playfair were approved by the CRC Architectural Review Committee. c) The CRC Architectural Review Committee will begin design drawing review for the Baldwin/Chambers,Veteran's Way,and the site in May. d) Park East will be a Design-Build project. 2) Proposed Construction/Use Sequence PROJECT USE PROJECT DESIGN RENDERINGS DATES PROVIDED BY PEDCOR Garage A four-story parking structure with no less Design Park East than 620 parking spaces,which will include Q1 2015 up to approximately 28,000 square feet of Construction r ," commercial retail/office space. Q2 2016 ���i9 g ;4-bill Completion. t .n ai)1101'.1.01t..143.8311' *CRC Public Bid project. Q4 2017 Baldwin/ A four story building,of approximately Start: Spring Chambers 64,000 square feet,which will include 2015 r y luxury apartments and commercial I j 6," u d , ,17 1 1111 retail/office space. Pedcor is currently Completion I _ - Tar�l working with four commercial businesses Q4 2017" � 1 s h who will occupy approximately 14,000 sf of } c - pY pP Y the commercial space. ti Holland A five story building,of approximately Start:Fall 2015 63,000 square feet,which will include luxury apartments and commercialg Completion pE 4 °�a � ,'•"�i; r, retail/office space. ••.•• aar � . 1. IC gilAl Q4 2017 .( � ,i z Playfair A five story building,of approximately Start: Fall 2015 63,000 square feet,which will include Completion luxury apartments and commercial Q4 2017 retail/office space. Garage See Garage East note above. Start: Fall 2015 Retail Completion Q42017 May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 17 PROJECT UPDATES Pedcor A two story building,of approximately Start:Fall 2015 Office 5 20,000 square feet,which will include office mod_ space. ' 1� _ � ` Q4 2017 - 7� a a IIM P ai.r Kent A three story building,of approximately Start: Fall 2015 111,000 square feet of luxury apartments. Completion _ Q4 2017 iinTAG rNEa III Wren A seven story building,of approximately Start:Fall 2016 -ice , ;-- 88,000 square feet,which will include Cg,53 luxury apartments and commercial Completion , . ``�� office/retail space. r rz.,< s. a Q42018 FL` ; Lt i� {,, Windsor A four story building,of approximately Start: Fall 2017 64,000 square feet,which will include Completion luxury apartments and commercial Q4 2019 office/retail space. Eastern A building,of approximately 76,000 to Start: Fall 2017 Motor 91,000 square feet,which will include Court Site luxury apartments and commercial Completion office/retail space designed so that in the Q4 2019 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 Start:TBD square feet,which will include parking. 3) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None. 4) CRC Commitments An overview of commitments have been uploaded to the CRC website. May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 18 T #_ P R�OJ ECT UPDATES Most significantly,the CRC commits to publicly bid a four-story parking garage with not less than 620 parking spaces. The CRC also commits to coordinate any significant site plan changes requested by Pedcor with City Council. THE MEZZ/ MONON LOFTS 1) Developer Partner:Anderson Birkla 2) Allocation Area: City Center 3) Project Summary: Use: Primary Residential. 42 residential units with 8,500 square feet of office. Total project budget: $7.7mm Secured Tenants:A fitness company and Anderson Birkla headquarters ` J . ( 11� I i A QIv-4401 t Tl r� .,.._. . 4.x Jr- , y4 �ti .. . ..OFFICE _ PARKING GARAGE Q ,_ ., , I. F 3 t.'4' a fd I 11 98 CENTER , :, -.:ii -''' /e: ki t i' THEATER imal mom xa I.: a } ^t,T — _ .OFFICE :% F If �� .z° �' a' P PEM D�TRUN I- � 3RD AVENUE _' r `-ENfliv I' �` ik T^1 i.._ W�F$ @ .—.. I x1;4 t .4 l: ; � F�., _ �?�;, ten.:=.� .� _._._ Figure 2 Image provided by Anderson Birkla 4) Anticipated Project Schedule Office Move In April/June,2015 Residential Leasing start date April 15,2015 Project complete June,2015 Page 9 May 8 2015 CRC Report for May 18,2015 City Council Meeting PROJECT UPDATES 1 5) Construction Milestones r-1=�9 rii i n , a. Street sweeping is occurring weekly on Fridays or as needed. _ t r b. BUILDING 1: Exterior work is in progress,interior finish is near completion. nJ - - --rte c. BUILDING 2: Exterior work is in progress,interior finish is near -., - ` -^' 14--r" , completion. �u �- �, " 6) Council and/or CRC Action Items 1 ACTION ITEM CITY COUNCIL CRC r None at this time =—;___,2 7) CRC Commitments / 7 -----z„,-- Provide parking spaces on 3rd Ave and streetscape on the west ands south side of the building and relocate street utilities.Site �'` `' - Improvements,Monon Connection path,Small pocket park(by '�� developer) 011iti a. Original Budgets-not including construction change orders. o o ;I II Invoices are expected to be -� , , I I:�=,., $67,021 paid June 2015. Calumet Civil ...1 Site Construction (3rd Ave) I Contractors. Utility Invoices are expected to be Relocation $250,000 � paid in summer 2015. Invoices are expected to be $242,979 paid June 2015. Midwest Site Construction (site work) Constructors. I b. Design Consultant:American Structurepoint d'1 I c. Construction Contractors: Calumet Civil Contractors/Duke Energy/ I _ IA j 1 Midwest Constructors .. - i d. CRC Commitment Schedule 1 Design%Complete 100% Construction Start Date 1 September 2014 1, ' ' . ' Anticipated Project Completion [ June 2015 L_Li - f ac�v May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 110 PROJECT UPDATES REFLECTING POOL 1) Contractor:Smock Fansler 2) Project Summary:Replace concrete coping with granite stone and install underdrain. 3) Total Project Budget: $613,500 Original Construction Contract $463,500 4) Anticipated Project Schedule Construction Start March,2015 (starting coping work mid-April). Project complete June,2015 5) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None at this time. PALLADIUM DOME 1) Design Engineer:McComas Engineering 2) Contractor:TBD 3) Project Summary: Engineer and repair eight connections on a truss in the Palladium Dome. These connections were indicated by Walter P.Moore as connections that needed to be addressed to improve the structural longevity and long-term integrity. 4) Total Project Budget:TBD Engineering Contract J $31,300 5) Anticipated Project Schedule Project Start May,2015 Project Complete 1 2015 6) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None MIDTOWN 1) Developer Partner(s): Old Town Development/Barrett&Stokely 2) Economic Development Area:Old Town 3) Project Summary:Mixed-use development,multiple buildings. Total project budget:unknown -- Secured Tenants:unknown May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 111 PROJECT UPDATES 4) Anticipated Project Schedule TBD — --- _---- 5) Construction Milestones:n/a 6) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None at this time 7) CRC Commitments No commitments have been made. At this point,conversations regarding the project are just beginning. Respectfully submitted, Corrie Meyer,AICP,RLA,LEED AP Director Carmel Redevelopment Commission/Department May 8,2015 Prepared for David Bowers and Bob Dalzell -End Report- qo :Z1d auXIIf. MO/ May 8 2015 CRC Report for May 18,2015 City Council Meeting Page 12 _ CARMEL. REDEVELOPMENT COMMISSION CITY COUNCIL JUNE, 2015 REPORT REPORTING ON APRIL 2015 FINANCES MAY 2015 ACTIVITIES Carmel Redevelopment Commission STRATEGIC HIGHLIGHTS • The CRC finalized the Purchase Agreement with Old Town Development and Barrett and Stokely for the 3rd Ave.warehouse site. Demolition of on-site facilities is slated for October,2015. • The CRC approved a design consultant to complete the Sophia Square plaza,as committed to in the Project Agreement. That design contract is on your agenda for approval as well. • Anderson Birkla presented the design and proposed purchase price for the former Party Time site at the May CRC meeting. • The CRC has begun evaluating a mid-year budget update and 2016 budget proposal. The intent is to have the CRC budget approval process follow the same timeline as the City budget process. FINANCIAL HIGHLIGHTS The following highlights represent unrestricted funds available to the CRC to work its mission. Total savings at month-end were 3,832,314. Savings are considered restricted and are in addition to the ending balance noted below. April Beginning Balance $ 5,007,032 April Revenues 48,582 — — April Expenditures — — $ 2,127 April Ending Balance $5,053,487 FUNCTIONAL HIGHLIGHTS . • CRC staff,the CRC Treasurer,and Clerk Treasurer(CT)staff did not meet in May. • Original records transferred to and/or documents shared with CT office for record-keeping: DATE DOCUMENT METHOD -----------------------------------__..---------_ --------___ __— ----------------- 5/22/15 Original Nash Change Orders No.4 and 5 Hand Delivery LOOKING AHEAD • Agreements will begin to be developed with Anderson Birkla regarding the Party Time site. All agreements and project design will seek Council input and approval. • The CRC will finalize a mid-2015 and 2016 budget in July. May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 11 FINANCIAL STATEMENT Financial Statement Month-End* vs.Actual $6,000,000 APRIL MONTH-END FINANCIAL BALANCE $5,000,000 Ending Balance without $5,053,487 $4,000,000 Restricted Funds* $3,000,000 Ending Balance with $8,885,801 $2,000,000 Restricted Funds $1,000,000 $0 ($1,000,000) Actual Budget Variance SUMMARY OF CASH sSeries1 $5,053,487 $5,232,381 ($178,894) For the Month Ending April 30,2015 MONTHLY DESCRIPTION ACTUAL PROJECTION VARIANCE Cash Balance 4/1/15 1101 Cash $4,957,935.98 $4,957,935.98 $- 1110 TIF 49,096.02 49,096.02 - Total Cash $5,007,032.00 $5,007,032.00 $- Receipts 1101 Cash $48,574.66 $227,476.00 $(178,901.34) 1110 TIF 7.16 7.16 Developer Payments - Transfer to SRF - Total Receipts $48,581.82 $227,476.00 $(178,894.18) Disbursements 1101 Cash $2,127.30 $2,127.30 $- 1110 TIF - Total Disbursements $2,127.30 $2,127.30 $- 1101 Cash $5,004,383.34 $5,183,284.68 $(178,901.34) 1110 TIF 49,103.18 49,096.02 7.16 Cash Balance 4/30/15 $5,053,486.52 $5,232,380.70 $(178,894.18) Total Usable Funds $5,053,486.52 $5,232,380.70 ($178,894.18) May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 12 FINANCIAL STATEMENT FUND BALANCES AND OUTSTANDING RECEIVABLES As of April 30,2015 Restricted Funds Energy Center Reserve $502,055 Civic Rent Reserve 802,341 Supplemental Reserve Fund 2,527,918 Sub-total: 3.832.314 Unrestricted Funds TIF 49,103 Non TIF 5,004,383 Sub-total: 5.053.487 Total Funds $8.885.801 Outstanding Receivables 2014 Keystone Bond Enhancement Fee 190,092 Total Outstanding Receivables* $190,092 *Following April month-end,this payment was received. It will be reflected in the May receivables. STATEMENT OF CHANGES IN EQUITY MONTH END:APRIL 2015 DESCRIPTION REVENUE EXPENSES Total Receipts(TIF) $7 Total Receipts(Non-TIF): $48,575 Expenditures(TIF) $0 Expenditures(Non-TIF) $2,127 May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 13 ��. ��� UPDATE FINANCIAL K.�m F^Ian ^^a^ Update TIF REVENUE AND DEBT Projected TIF revenue available for CRC use and reserve transfers is$19,957,730. $1,927,820 is projected to be transferred to reserves Net Developer Pass-Thru TIF Revenue forecas is$18,029,910. Bond debt payment will be made in June and December. Below are the projected payments; MONTH [O|TTOTAL June 2015 $9'056i949 $479,711 December 2015 $9,054,864 $479,532 GOING CONCERN The CRC is managing expenditures to maintain a balanced budget With construction projects underway, we are coordinating closely with contractors to minimize unforeseen change orders. TAKEAWAYS • Month-end balance is positive. • This month represents the lowest expenditure month in at least eight years. • The CRC has begun to evaluate and study a mid-year/updated budget to reflect up-to-date revenues and expenditures. May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 14 L1` EL/ EL'ir U U` _.JAI Project Updates CITY CENTER Developer Partner:Pedcor Companies Allocation Area:City Center Project Summary:see below Use:Mixed-Use { 1 CARMEL CITY CENTER PROPOSED SITE PLAN 12-8-14 II _ CITY CENTER DRIVE il.. ..._... i� i s°,0.°°°. GINLBOROUGM� _ BUu;Nc SWUMC)NORTH )l \\� , a- d I <.- k;; .+ y` • • uwswao cN;- C ilt /GIGO Nc (SOWN) _ otel h )5 7 otel Moto Co` O[V , , 1. LI L 4I;x" : 1:79 ,. �,,EfV wn[Tr ©� a© J »k .s,nP y ' / )�) � ` ' 6^�` BUILDING ill i. _ _ i 8-`-78 £ :. . `-‘1 W 1-! - - v,„ �� (D -II 2 d € g' +I.l . — i. indsor € . '` � a Ballwm' 'Ify cc � IEEEIa O u ''31 ,1 THIATG ...DING .,ON. t0- i.'— t* t . .� 1 THE TYYIIMGTON 71'_, 4 ,h I 1 ' 3 _s <1:7r.-1 �1 � "j,c, � o s9,® d 4 1 P i3 2 \ "rte/'.. t� �� �"PG/MR WM tF 4i I �, o nowaw MEN uw I .l< c -.�* eru.�- it no 920,4 CARN[L Cm Cr-nut.LLC A PEDCOR DEVELOPMENT I ) 6�----: J 1- 1 Figure 1 City Center Master Plan,provided by Pedcor City Center Development Company May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 15 PROJECT UPDATES Phase 1-complete 1) Apartments-Apartment demand remains strong,which supports the occupancy and rental rates. Current occupancy CITY CENTER EVENTS is at 96%. 2) Retail-Currently,Pedcor leases 90%of the total 79,570 in LSE Fine Jewelry Boutique opening soon in Phase 1 of City th Center. The Langton's Irish Pub is opening in June in Phase 1 Thursday,June 1.1 of City Center. If you know of retailers that would be great to ATl sidewalk concert have here,please contact Melissa Averitt at 705-7982 or starting at6;30pm Jimia Smith at 660-3388. Nash Building/Parcel 73 Fri,Sat,,Sun, 1) Project Status-under construction July 17,18,19" 3) Retail-Of the approximately 9,500 sf of commercial space Passport to City Center available,49%is leased to The Art of Kitchen and Home with book offers and (Mondana)with another 22%under Letter of Intent. The sidewalk concerts,More remaining 2,756 sf,comprised of 2 suites,are currently details comingsoon., under negotiations. Graeter's Ice Cream has signed a lease and build-out will be underway soon. a) Apartments-Interest in the 30 Nash apartments is strong Thursday,August 20th with management receiving applications and prospects. First move-in's are beginning soon. All sidewalk concert. 2) CRC Commitments starting at:6:30ptn Provide streetscape along Rangeline Road. a) Original Construction Budget-not including construction change orders. Friday,October 2 Budget 1 Oktoberfest. _Construction _$237,179 I b) Design Consultant:American Structurepoint c) CRC Commitment Schedule Construction Start Date October 2014 1 Anticipated Project Completion May 2015 May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 16 PROJECT U P DATES'.- Phase 2 1) Project Status-designs are schematic and construction has not started. a) Design Development drawings for Pedcor Sq.5,Holland,and Playfair will be approved by the CRC Architectural Review Committee in June. b) The CRC Architectural Review Committee reviewed and approved the design drawing review for the Baldwin/Chambers,Veteran's Way,and the site in May. c) Park East will be a Design-Build project. 2) Proposed Construction/Use Sequence PROJECT USE PROJECT DESIGN RENDERINGS DATES PROVIDED BY PEDCOR Garage A four-story parking structure with no less Design Park East than 620 parking spaces,which will include Q1 2015 up to approximately 28,000 square feet of Construction +' ;�?• +i ` 1 commercial retail/office space. Q2 2016 + ' Completion 9r4 r 92_40111 3 *CRC Public Bid project. Q4 2017 Baldwin/ A four story building,of approximately Start:Spring 1 : Chambers - 64,000 square feet,which will include 2015 } � n'I 11 1,1 luxury apai talents and commercial I q " retail/office space. Pedcor is currently Completion j .. A working with four commercial businesses Q4 2017 • �' h+ . who will occupy approximately 14,000 sf of "• L i"`• 6 the commercial space. Holland A five story building,of approximately Start:Fall 2015 :_ - 63,0.00 square feet,which will include FT= luxury apartments and commercial • Completion „ b r�, retail/office space. p �# +ter s' � R�3 A Q4 2017 ��..{++r �� U-4"*41111.1 nI 474 Playfair A five story building,of approximately Start:Fall 2015 63,000 square feet,which will include Completion luxury apartments and commercial Q4 2017 retail/office space. Garage See Garage East note above. Start:Fall 2015 Retail Completion Q42017 May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 17 i v PROJECT UPDATES Pedcor A two story building,of approximately Start:Fall 2015 Office 5 20,000 square feet,which will include office space.s p Completion Q4 2017 i.� I `� Kent A three story building,of approximately Start Fall 2015 ,, 111,000 square feet of luxury apartments. Completion _ [L Q42017 R'' ' '� f1 . Wren A seven story building,of approximately Start:Fall 2016 88,000 square feet,which will include apartments and commercial Completion , ,�`� office/retail space. Q4 2018 x7 , i 44":;'.��1 i F h�•i .'. ij il Windsor A four story building,of approximately Start:Fall 2017 64,000 square feet,which will include Completion luxury apartments and commercial Q4 2019 office/retail space. Eastern A building,of approximately 76,000 to Start:Fall 2017. Motor 91,000 square feet,which will include Court Site luxury apartments and commercial Completion office/retail space designed so that in the Q4 2019 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 Start:TBD square feet,which will include parking. 3) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None. 4) CRC Commitments An overview of commitments have been uploaded to the CRC website. May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 18 P ROJjECT U PDATEJ X� - z Most significantly,the CRC commits to publicly bid a four-story parking garage with not less than 620 parking spaces. The CRC also commits to coordinate any significant site plan changes requested by Pedcor with City Council. THE MEZZ/ MONON LOFTS 1) Developer Partner:Anderson Birkla 2) Allocation Area:City Center 3) Project Summary: Use:Primary Residential. 42 residential units with 8,500 square feet of office. Total project budget:$7.71mn Secured Tenants:A fitness company and Anderson Birkla headquarters a /1 --t- i- .. v i' r.,9e4 "1,4 AZ ' �R coat �7 ,�'. f *was { 4 I I"""YYY^^^^�"`' OFFICE PARKING GARAGE ! , , , '1 'L jj .r,aa, '�.1°' , t VIFK i _ GaLLti `; i __—it + fr �d ` M +$1111 8 � '�I E l R 04 11,1' OFFICE � t , y;,i ��v,k.- 1', -:.4 Imo;°c»_ '� W '7,,f, "- 9 .,.., en R+ sox, ' ..,`.;fix a ,„,, r.K j 7RGAVENI) ,i :` a.". d-.. .r �'�K`' ''- -1 '' ''''.—----='---i-1::„__ - ,-,--,---:—.- - 2:1-7-_- ,—.4w---t----1 .- Figure 2 Image provided by Anderson Birkla 4) Anticipated Project Schedule Office Move In April/June,2015 Residential Leasing start date April 15,2015 Project complete June,2015 May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 19 PROJECT UPDATES 5) Construction Milestones 1 `'"�- a. Street sweeping is occurring weekly on Fridays or as needed. -ti. -„, -- b. BUILDING 1 �"' ‘a-, l -, i. TPO membrane work at EIFS cornice ledges will be -.-1:. -' ° I. -a complete this month. . —_ 7„-.7... - ii. Tile work in residential units will be complete this month. iii. Installation of the elevator is scheduled to commence the s .� . week of 5/25/15. - t c. BUILDING 2: , 1€ r r' i. The entire 1st floor tenant has moved into its space. '2"-r4 ` -? ` -.".4 ii. EIFS work is scheduled to resume in May. , iii. Finish carpentry work(i.e.,cabinets,doors,wood etc.)is •-"Or ;. complete on the 4th floor units and is currently being �'"'-� installed on the 2nd floor units. -/ 1 iv. Final/finish painting work will be complete this week on / `-.-1 the 4th floor units and is scheduled to start on the 2nd floor 4_3 L, units by months end. v. Spiral staircase finish work is complete. 1 6) Council and/or CRC Action Items ' 1 ACTION ITEM CITY COUNCIL CRC None at this time ` i 7) 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. Original Budgets-not including construction change orders. v Invoices are expected to be $67,021 paid June 2015. Calumet Civil, Site Construction (3rd Ave) Contractors. f.. ',% Utility Invoices are expected to be _V - Relocation $250,000 paid in summer 2015. Invoices are expected to be r 31 $242,979 paid June 2015. Midwest Site Construction (site work) Constructors. �f E-...''1,1 �` t I May 21,2015 CRC Report for June 1,2015 City Council Meeting Page I 10 PROJECT UPDATES b. Design Consultant:American Structurepoint c. Construction Contractors:Calumet Civil Contractors/Duke Energy/Midwest Constructors d. CRC Commitment Schedule Design%Complete 100% Construction Start Date September 2014 Anticipated Project Completion June 2015 REFLECTING POOL 1) Contractor:Smock Fansler 2) Project Summary:Replace concrete coping with granite stone and install underdrain. 3) Total Project Budget:$613,500 Original Construction Contract $463,500 4) Anticipated Project Schedule [ Project complete June,2015 5) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None at this time. _-.----_____�_-----__---.------------_-.---_-__.__� SOPHIA SQUARE PUBLIC PLAZA 1) Developer Partner(s):Carmel Lofts/Keystone 2) Project Summary:Create a multi-purpose civic plaza serving residents and merchants of Sophia Square,City of Carmel festival goers,visitors of the Arts and Design District,and individuals/organizations that would reserve the space for special events. Total project budget:unconfirmed 3) Anticipated Project Schedule Design June-August 2015 Construction Late Summer/Fall 2015 4) Design Consultant: Context Landscape Architecture 5) Construction Milestones:n/a 6) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC Approve Context 6/1/2015 Approved Design Contract agenda May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 111 PROJECT UPDATES PALLADIUM DOME 1) Design Engineer:McComas Engineering 2) Contractor:TBD 3) Project Summary:Engineer and repair eight connections on a truss in the Palladium Dome. These connections were indicated by Walter P.Moore as connections that needed to be addressed to improve the structural longevity and long-term integrity. 4) Total Project Budget:TBD Engineering Contract $31,300 5) Anticipated Project Schedule Project Start May,2015 Project Complete 2015 6) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None PALLADIUM LANDSCAPING 1) Project Summary:In 2011,the CRC purchased limestone for the Palladium site with the intent to complete the landscape package. The current location where the limestone is stored is no longer. The project will include the installation of the existing limestone,site work,and landscape on the south and west sides of the Palladium. Total project budget:unconfirmed 2) Anticipated Project Schedule Design Complete Re-package/Bid Spring/Summer 2015 Construction Complete October 1,2015 3) Construction Milestones:n/a 4) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None at this time May 21,2015 CRC Report for June 1,2015 City Council Meeting Page I 12 PROJECT UPDATES MONON AT MAIN STREET 1) Project Summary:Improve the safety and aesthetics along the Monon between Main Street and 1st St. NW Total project budget:$86,570 Project Partners:Carmel Parks and Recreation Department 2) Anticipated Project Schedule Design April-June 2015 Construction Summer/Early Fall 2015 3) Design Consultant:Context Landscape Architecture. 4) Construction Milestones:n/a 5) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None at this time May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 113 ., 4 1 FORMER PARTY TIME SITE 1) Developer Partner(s):Anderson Birkla 2) Economic Development Area: 126th Street 3) Project Summary:Mixed-use development,multiple buildings. Total project budget:unknown � . I n i ? r _�-ra_-c-u-c- r- o--s- g E a d ""B-® ' � at..-- t LTt l ll tYA i _ I �. ` \\,,,,,\\\.�• ... \�\\ \'44 4 '\\,\\\! _\\" ° T(y 4. ..1, '_ ,ii,..:,.r it,',-: 1h] '-',, k,., F*. 11 pis �. 1y iJlulI ti <, P 1 OA ,1--, `„,, CI !\\.,`--t\ti s tR V, '�i si rt rti,,, • - a; 'r_,..i: .! t'�' .,,..e x ...1,,,.--1 .'''mo,. : -,R:•( 7V 1'F . ,"°/ f r�17 I.,± _ e...-4�l7t`' , ` f of -4,-,.1,v 0` 1` to , # 1st'' . y' -amp `�. a°L _IT A'"F ti tel �F (r\� '.. v I�l I \\\\\\-.\��` 'V". .i 4t�I.7j1 DEVELOPMENT 74C , "J'{•I6 N. �aW ' > r`r RESIDENTIAL ® � 6. '.I ' '. ..'''',74�{ IStreebLevel Plan, ovERRETaL 6 , . 4 t't i 4 ...s , s, OFFICE OVER RETAIL , " Mixed Use of Re5'�i!'ential Retail a is .3, ( • , ® „r F ' ' Otfice ind Amenities pr vide a rich l {9 caT a P R--„.., I; k• and varied communii(j exQerlence t -- �r°x}r T 3 y,, v�. �""" y Imo" EV �V-�tF -' +'L°): .. :''',7 4 t* + as -u L.n - Llv"c+,erci Role om e I ! AL/^-_ ._..'Y O n MIXed Use Q,evelopment Concept - — r:=7 i,�, ', n---- lAndVrson8akla Carnet,Indlania j', .$" -I '� F, � wncm. W'O7777--, O L P E-R T 4) Anticipated Project Schedule TIF Request 2015 Design/Construction start 2016 5) Construction Milestones:n/a 6) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC Purchase All agreements and the design will seek Council 5/21/15 action, Agreement approval based on Ordinance Z-571-13 pending future Council approval 7) CRC Commitments No commitments have been made at this point in the negotiations. May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 114 # � `` � -erg � � � � a�"` , �...,,',...3;',.t.-,I'�°`� ; mss ct , P ', ^ e r�� c� �� :-.11-1,1i:@) ECT UI ATES - ri7 . f4 .1 ' 2 �� - ?:tea: ;°.-- v; '' "- _ :,6. ': .4, .;:t.' s,__ -;;.0419 MIDTOWN 1) Developer Partner(s):Old Town Development/Barrett&Stokely 2) Economic Development Area:Old Town 3) Project Summary:Mixed-use development,multiple buildings. Total project budget:unknown r Secured Tenants:unknown it _. ,_ j -._-- D r`. .- C ,:Y'Afz11 ' MIDTOWN : �s -r: �: , rf� 1----. F :-cARMEI ''A` dl; b x 1�. ,,r. e rI MIDTOWN ^ .5 k"-.. I:� • i I WEST 4''' ti MIDTOWN WEST- + "_ � }x Si • c 'i r, MI PT• N P A A �1 1 Residential 1 _ I' 6 - i 6na is6 p Development t F 250 Apt/Condos : _ __ t by Barrett&Stokely { �� G ?r. �� ' - and Old Town - - ; I Development 4 w Atr w 111:: BARRcTT MIDTOWN OLA ' 1 e'arat.vrcac I, EAST Mai -9w._.._RJR-_._-._ 9 4 l,1 l PARKING GARAGE 1' - j 1 MIDTOWN EAST C -• _-.,,�• ". r ^4 k 1 f e r.-, - Residential ----Development �� i, --,1 j" mot 300 Apt/Condos !) :, r' i ,, MIDTOWN ' '� . Office/Retail IF-4 , outrra d,»g `° E 41, RA 4KIN i ff-- ��� Development - r" •`Ar.�,:ev ? f Y� r.�hon,. ,. Ili i 1 J' om`g ot°ucr`tO"a E MIDTOWNCARMEL.COM je.,a n 1,, a.( ,,i d0, 4) Anticipated Project Schedule TIF Request 2015 Design/Construction Start Late 2015/2016 5) Construction Milestones:n/a 6) Council and/or CRC Action Items ACTION ITEM CITY COUNCIL CRC None at this time 7) CRC Commitments No commitments have been made at this point in the negotiations. May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 1 15 PROJECT UPDATES • Respectfully submitted, • Corrie Meyer,AICP,RLA,LEED AP Director Carmel Redevelopment Commission/Department May 21,2015 Prepared for David Bowers and Bob Dalzell -End Report- • • • • • • • May 21,2015 CRC Report for June 1,2015 City Council Meeting Page 116