HomeMy WebLinkAbout12-07-2015 (? 61i19
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MEETING AGENDA
MONDAY, DECEMBER 7, 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. November 16, 2015 Regular 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 - $1,441,666.10 and$1,468,918.91
b. General Claims - $4,117,690.66
c. Retirement - $90,436.37
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. All reports designated by the Chair to qualify for placement under this category.
ONE CIVIC SQUARE CARMEL,INDIANA 46032 317/571-2414
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10. OTHER REPORTS
a. Carmel Redevelopment Commission(Monthly)—Report Attached
b. Economic Development Commission(Quarterly—February, May, August,November)
c. Carmel Historic Preservation Commission(Quarterly—January, April, July, October)
d. Redevelopment Authority(Bi-annual—April, October)
e. Carmel Cable and Telecommunications Commission(Bi-annual—April, October)
f. Ethics Board (Annual—February)
g. Library Board(Annual—February)
h. All reports designated by the Chair to qualify for placement under this category.
11. OLD BUSINESS
a. Third Reading of Ordinance D-2234-15; 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 2015 (Proscenium Project/The design
and construction of infrastructure improvements, including parking, street development,
utility relocations and/or streetscape development, all to support a proposed mixed use
residential, retail and office development generally to be located in the northwest
quadrant of the intersection of Carmel Drive and Rangeline Road; not to exceed
$8,000,000), and Authorizing and Approving Other Actions in Respect Thereto;
Sponsor(s): Councilor(s) Finkam, Snyder, Rider and Schleif.
b. Third Reading of Ordinance D-2235-15; 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 ($325,000); Sponsor(s):
Councilor(s) Finkam and Rider.
c. Third Reading of Ordinance D-2236-15; 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; TOTAL - $5,385,651 ($3,435,500
from the General Fund; $1,832,319 from the Motor Vehicle Highway Fund to 2014 B
COIT Bond; $95,000 from Local Road and Street Fund; $2,554 from the Cumulative
Capital Improvement Fund and$20,278 from the Fire Pension Fund); Sponsor(s):
Councilor(s) Rider and Sharp.
d. Third Reading of Ordinance D-2237-15; An Ordinance of the Common Council of the
City of Cannel, Indiana, Amending Chapter 3, Article 1, Division 2, Sections 3-29
(Council Committee) and 3-31 (Agenda/Additions to Agenda/Public Rights to Address
Council); Sponsor(s): Councilor(s) Finkam, Carter, Rider, Snyder and Schleif.
e. Resolution CC-12-07-15-02 (Formerly CC-11-02-15-02); A Resolution of the Common
Council of the City of Cannel, Indiana, Approving Certain Matters in Connection with the
Integrated 126th Street Corridor Economic Development Area(Proscenium Project/The
design and construction of infrastructure improvements, including parking, street
development, utility relocations and/or streetscape development, all to support a proposed
mixed use residential, retail and office development generally to be located in the
northwest quadrant of the intersection of Carmel Drive and Rangeline Road; not to
exceed$8,000,000. Based on representation of the developer of the mixed use project, the
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Commission has determined that the development will not proceed as planned without the
contribution of tax increment revenues to be derived from the Proscenium Allocation Area
to the projects described above); Sponsor(s): Councilor(s)Finkam, Snyder,Rider and
Schleif.
f. Resolution CC-12-07-15-03 (Formerly CC-11-02-15-04); Resolution of the Common
Council for City Cannel to Petition to Appeal for an Increase to the Maximum Levy
(Property Tax Shortfall- $5,000,000); Sponsor: Councilor Carter.
g. Fourth Reading of Ordinance Z-604-15; An Ordinance of the Common Council of the
City of Cannel, Indiana, Establishing The Albany Place Planned Unit Development
District; Sponsor: Councilor Rider.
h. Third Reading of Ordinance Z-605-15; An Ordinance of the Common Council of the
City of Cannel, Indiana, Establishing Kensington Green(Smokey Row &Rohrer Road)
Planned Unit Development District; Sponsor: Councilor Seidensticker.
i. Third Reading of Ordinance Z-606-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending the Permitting Process,Definitions and Standards for
Wireless Support Structures; Sponsor: Councilor Rider.
12. PUBLIC HEARINGS
a. First Reading of Ordinance Z-607-15; An Ordinance of the Common Council of the
City of Cannel, Indiana, Amending the Development Standards,Updating the
Contributing Buildings Map and Deleting the Sunset Provision on the Demolition
Requirements in the Old Town District Overlay Zone; Sponsor: Councilor Rider.
13. NEW BUSINESS
a. First Reading of Ordinance D-2238-15; An Ordinance of the Common Council of the
City of Cannel, Indiana, Establishing a Speed Limit 20 Miles Per Hour on Maple Drive
(from 96th Street to 99`h Street); Sponsor: Councilor Snyder.
b. First Reading of Ordinance D-2239-15; An Ordinance of the Common Council of the
City of Cannel, Indiana, Adding Chapter 2, Article 4, Section 145 to the Carmel City
Code, Thereby Establishing the City of Carmel "Non-Reverting Mobile Integrated Health
Program Fund(#252)"; Sponsor: Councilor Finkam.
c. First Reading of Ordinance D-2240-15; An Ordinance of the Common Council of the
City of Cannel, Indiana, Enacting and Adopting a Supplement to the Code of Ordinances
(3rd Quarter ALP Codification) of the City of Cannel, Indiana; Sponsor: Councilor
Snyder.
d. Resolution CC-12-07-15-01: A Resolution of the Common Council of the City of
Cannel, Indiana, Authorizing a Transfer of Funds by the City of Cannel Fire Department
($/05,000); Sponsor(s): Councilor(s)Finkam and Carter.
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14. OTHER BUSINESS
15. ANNOUNCEMENTS
16. EXECUTION OF DOCUMENT
17. ADJOURNMENT
12/07/15 CC Meting Agenda
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COMMON COUNCIL
MEETING MINUTES
MONDAY, DECEMBER 7, 2015 - 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
MEMBERS PRESENT:
Council President Richard L. Sharp, Council Members Sue Finkam, Carol Schleif, W. Eric
Seidensticker, Luci Snyder, Kevin D. Rider, Clerk-Treasurer Diana L. Cordray and Deputy Clerk Lois
Craig.
Mayor James Brainard and Councilor Carter were not in attendance.
Councilor President Sharp called the meeting to order at 6:00 p.m.
Pastor Shelly Wood, Orchard Park Presbyterian Church,pronounced the Invocation.
Councilor Seidensticker led the Pledge of Allegiance.
RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS:
There were none.
APPROVAL OF MINUTES:
Councilor Seidensticker made a motion to approve minutes from the November 16, 2015 Regular
Meeting. Councilor Schleif seconded. There was no Council discussion. Council President Sharp
called for the vote. Minutes were approved 6-0.
RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL:
Mark Cadden addressed the Council and thanked the Council for their service to the community.
Joyce Wozniak addressed the Council in favor of Resolution CC-12-07-15-02.
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.
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CLAIMS:
Councilor Seidensticker made a motion to approve payroll in the amount of$1,441,666.10 and
$1,468,918.91. Councilor Schleif seconded. There was no Council discussion. Council President Sharp
called for the vote. Payroll was approved 6-0.
Councilor Seidensticker made a motion to approve claims in the amount of$4,117,690.66. Councilor
Finkam seconded. There was no Council discussion. Council President Sharp called for the vote.
Claims were approved 6-0.
Councilor Seidensticker made a motion to approve retirement in the amount of$90,436.37. Councilor
Schleif seconded. There was no Council discussion. Council President Sharp called for the vote.
Retirement was approved 6-0.
COMMITTEE REPORTS:
Councilor Snyder reported that the Finance, Administration and Rules Committee had met and discussed
Ordinance D-2234-15, Ordinance D-2235-15, Ordinance D-2236-15, Ordinance D-2237-15, Resolution
CC-11-02-15-02 and Resolution CC-11-02-15-04. The Committee report will be given when the items
appear on the agenda.
Councilor Seidensticker reported that the Land Use, Annexation and Economic Development
Committee had met. The Committee report will be given with the items appear on the agenda.
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.
All reports designated by the Chair to qualify for placement under this category.
OTHER REPORTS
Carmel Redevelopment Commission(Monthly)—Report Attached. There was no Council discussion.
Economic Development Commission(Quarterly—February, May, August,November)
Carmel Historic Preservation Commission(Quarterly—January, April, July, October)
Redevelopment Authority(Bi-annual—April, October)
Carmel Cable and Telecommunications Commission(Bi-annual—April, October)
Ethics Board(Annual—February)
Library Board (Annual—February)
All reports designated by the Chair to qualify for placement under this category.
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OLD BUSINESS
Council President Sharp announced the Third Reading of Ordinance D-2234-15; 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 2015 (Proscenium Project/The design and
construction of infrastructure improvements, including parking, street development, utility relocations
and/or streetscape development, all to support a proposed mixed use residential, retail and office
development generally to be located in the northwest quadrant of the intersection of Carmel Drive and
Rangeline Road; not to exceed$8,000,000), and Authorizing and Approving Other Actions in Respect
Thereto. Councilor Seidensticker presented the Land Use, Annexation and Economic Development
Committee report to the Council. This item was referred back to the Council with a 2-0 positive
recommendation(Councilor Seidensticker abstained). Councilor Snyder presented the Finance,
Administration and Rules Committee report to the Council. This item was referred back to the Council
with a 3-0 favorable recommendation. Councilor Rider made a motion to approve
Ordinance D-2234-15. Councilor Schleif seconded. There was no Council discussion. Council
President Sharp called for the vote. Ordinance D-2234-15 was adopted 4-2 (Councilors Seidensticker
and Sharp opposed).
Council President Sharp announced the Third Reading of Ordinance D-2235-15; 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 ($325,000). Councilor Snyder
presented the Finance, Administration and Rules Committee report to the Council. This item was
referred back to the Council with a 2-1 favorable recommendation.
Without objection from the Council, Council President Sharp suspended action on Ordinance D-2235-15
and reordered the agenda to discuss Ordinance D-2236-16.
Council President Sharp announced the Third Reading of Ordinance D-2236-15; An Ordinance ce 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; TOTAL- $5,385,651
($3,435,500 from the General Fund; $1,832,319 from the Motor Vehicle Highway Fund to 2014 B COLT
Bond; $95,000 from Local Road and Street Fund; $2,554 from the Cumulative Capital Improvement
Fund and$20,278 from the Fire Pension Fund). There was brief Council discussion. Councilor Rider
referred to Curt Coonrod, C L Coonrod and Associates,to address the Council. Council President Sharp
passed the gavel to Councilor Rider to address the Council and called for the question. Councilor
Seidensticker seconded. Councilor Rider called for the vote. Ordinance D-2236-15 FAILED 3-3
(Councilors Seidensticker, Sharp and Snyder opposed).
Ordinance D-2235-15 (continued):
Councilor Snyder informed the Council that there was a scrivener's error in this item; line 32, add
$275,000 after Line item#4350900. There was no Council discussion. Councilor Rider made a motion
to approve Ordinance D-2235-15. Councilor Snyder seconded. There was no Council discussion.
Council President Sharp called for the vote. Ordinance D-2235-15 was adopted 6-0.
Council President Sharp reclaimed the gavel from Councilor Rider.
There was brief Council discussion.
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Council President Sharp announced the Third Reading of Ordinance D-2237-15; An Ordinance of the
Common Council of the City of Carmel, Indiana, Amending Chapter 3, Article 1,Division 2, Sections
3-29 (Council Committee) and 3-31 (Agenda/Additions to Agenda/Public Rights to Address Council).
Councilor Snyder presented the Finance, Administration and Rules Committee report to the Council.
This item was referred back to the Council with a 2-1 favorable recommendation. There was brief
Council discussion. Council President Sharp passed the gavel to Councilor Rider to address the Council
and called for the question. Councilor Seidensticker seconded. Councilor Rider called for the vote.
There was no Council discussion. Ordinance D-2237-15 FAILED 3-3 (Councilors Seidensticker,
Sharp and Snyder opposed).
Council President Sharp reclaimed the gavel from Councilor Rider.
Council President Sharp announced Resolution CC-12-07-15-02 (Formerly CC-11-02-15-02); A
Resolution of the Common Council of the City of Carmel, Indiana, Approving Certain Matters in
Connection with the Integrated 126th Street Corridor Economic Development Area(Proscenium
Project/The design and construction of infrastructure improvements, including parking, street
development, utility relocations and/or streetscape development, all to support a proposed mixed use
residential, retail and office development generally to be located in the northwest quadrant of the
intersection of Carmel Drive and Rangeline Road; not to exceed$8,000,000. Based on representation
of the developer of the mixed use project, the Commission has determined that the development will not
proceed as planned without the contribution of tax increment revenues to be derived from the
Proscenium Allocation Area to the projects described above). Councilor Snyder presented the Finance,
Administration and Rules Committee report to the Council and presented Resolution CC-12-07-15-02
AS AMENDED; VERSION A; 12/7/15 to the Council for discussion. This item was referred back to
the Council with a 3-0 favorable recommendation. Councilor Finkam made a motion to amend
Resolution CC-12-07-15-02. Councilor Rider seconded. There was no Council discussion. Council
President Sharp called for the vote. The motion was approved 6-0. Councilor Finkam made a motion to
approve Resolution CC-12-07-15-02 As Amended. Councilor Schleif seconded. There was no Council
discussion. Council President Sharp called for the vote. Resolution CC-12-07-15-02 As Amended was
adopted 4-2 (Councilor Seidensticker and Sharp opposed).
Council President Sharp announced Resolution CC-12-07-15-03 (Formerly CC-11-02-15-04);
Resolution of the Common Council for City Carmel to Petition to Appeal for an Increase to the
Maximum Levy(Property Tax Shortfall- $5,000,000). Councilor Snyder presented the Finance,
Administration and Rules Committee report to the Council. This item was referred back to the Council
with a 3-0 favorable recommendation. Councilor Schleif referred to Curt Coonrod, C L Coonrod&
Associates, to address the Council. There was brief Council discussion. Councilor Rider made a motion
to approve Resolution CC-12-07-15-03. Councilor Finkam seconded. There was no Council discussion.
Council President Sharp called for the vote. Resolution CC-12-07-15-03 was adopted 6-0.
Council President Sharp announced the Fourth Reading of Ordinance Z-604-15; An Ordinance of the
Common Council of the City of Carmel, Indiana, Establishing The Albany Place Planned Unit
Development District. Councilor Seidensticker presented the Land Use, Annexation and Economic
Development Committee report to the Council and presented Ordinance Z-604-15, AS AMENDED;
VERSION A 11/24/15 to the Council for discussion. Councilor Rider made a motion to amend
Ordinance Z-604-15. Councilor Schleif seconded. There was no Council discussion. Council President
Sharp called for the vote. The motion was approved 6-0. Councilor Rider made a motion to approve
Ordinance Z-604-15 As Amended. Councilor Seidensticker seconded. There was brief Council
discussion. Council President Sharp called for the vote. Ordinance Z-604-15 As Amended was
adopted 5-1 (Councilor Schleif opposed).
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Council President Sharp announced the Third Reading of Ordinance Z-605-15; An Ordinance of the
Common Council of the City of Cannel, Indiana, Establishing Kensington Green(Smokey Row &
Rohrer Road)Planned Unit Development District. Councilor Seidensticker presented the Land Use,
Annexation and Economic Development Committee report to the Council and presented Ordinance
Z-605-15, AS AMENDED; VERSION A 11/24/15 Land Use, Annexation and Economic Development
Committee to the Council for discussion and made a motion to amend Ordinance Z-605-15. Councilor
Schleif seconded. There was no Council discussion. Council President Sharp called for the vote. The
motion was approved 6-0. Councilor Seidensticker made a motion to approve Ordinance Z-605-15 As
Amended. Councilor Finkam seconded. There was no Council discussion. Council President Sharp
called for the vote. Ordinance Z-605-15 As Amended was adopted 6-0.
Council President Sharp announced the Third Reading of Ordinance Z-606-15; An Ordinance of the
Common Council of the City of Cannel, Indiana, Amending the Permitting Process,Definitions and
Standards for Wireless Support Structures. Councilor Seidensticker presented the Land Use,
Annexation and Economic Development Committee report to the Council and made a motion to approve
Ordinance Z-606-15. Councilor Rider seconded. There was no Council discussion. Council President
Sharp called for the vote. Ordinance Z-606-15 was adopted 6-0.
PUBLIC HEARINGS
Council President Sharp announced the First Reading of Ordinance Z-607-15; An Ordinance of the
Common Council of the City of Cannel, Indiana, Amending the Development Standards,Updating the
Contributing Buildings Map and Deleting the Sunset Provision on the Demolition Requirements in the
Old Town District Overlay Zone. Councilor Seidensticker made a motion to move this item into
business. Councilor Finkam seconded. Council President Sharp referred to Adrienne Keeling,
Department of Community Services, to present this item to the Council. There was no Council
discussion. Council President Sharp opened the Public Hearing at 7:17 p.m. Seeing no one who wished
to speak, Council President Sharp closed the Public Hearing at 7:17:30 p.m. Council President Sharp
referred Ordinance Z-607-15 to the Land Use, Annexation and Economic Development Committee for
further review and consideration.
NEW BUSINESS
Council President Sharp announced the First Reading of Ordinance D-2238-15; An Ordinance of the
Common Council of the City of Cannel, Indiana, Establishing a Speed Limit 20 Miles Per Hour on
Maple Drive (from 96th Street to 99th Street). Councilor Seidensticker made a motion to move this item
into business. Councilor Snyder seconded and presented this item to the Council and made a motion to
suspend the rules and not send this item to committee and vote this evening. Councilor Rider seconded.
There was no Council discussion. Council President Sharp called for the vote. The motion was
approved 6-0. Councilor Rider made a motion to approve Ordinance D-2238-15. Councilor Schleif
seconded. There was no Council discussion. Council President Sharp called for the vote.
Ordinance D-2238-15 was adopted 6-0.
Council President Sharp announced the First Reading of Ordinance D-2239-15; An Ordinance of the
Common Council of the City of Carmel, Indiana, Adding Chapter 2, Article 4, Section 145 to the
Cannel City Code, Thereby Establishing the City of Cannel "Non-Reverting Mobile Integrated Health
Program Fund(#252)". Councilor Rider made a motion to move this item into business. Councilor
Snyder seconded. Councilor Finkam presented this item to the Council and made a motion to suspend
the rules and not send this item to committee and vote this evening. Councilor Rider seconded. There
5
was no Council discussion. Council President Sharp called for the vote. The motion was approved 6-0.
Councilor Finkam made a motion to approve Ordinance D-2239-15. Councilor Rider seconded.
Councilor Seidensticker referred to Dave Haboush, Carmel Fire Chief, to address the Council. Council
President Sharp called for the vote. Ordinance D-2239-15 was adopted 6-0.
Council President Sharp announced the First Reading of Ordinance D-2240-15; An Ordinance of the
Common Council of the City of Cannel, Indiana, Enacting and Adopting a Supplement to the Code of
Ordinances (3rd Quarter ALP Codification) of the City of Carmel, Indiana. Councilor Seidensticker
made a motion to move this item into business. Councilor Snyder seconded and presented this item to
the Council. Councilor Rider made a motion to suspend the rules and not send this item to committee
and vote this evening. Councilor Finkam seconded. There was no Council discussion. Council
President Sharp called for the vote. The motion was approved 6-0. Councilor Seidensticker made a
motion to approve Ordinance D-2240-15. Councilor Schleif seconded. There was no Council
discussion. Council President Sharp called for the vote. Ordinance D-2240-15 was adopted 6-0.
Council President Sharp announced Resolution CC-12-07-15-01: A Resolution of the Common Council
of the City of Carmel, Indiana, Authorizing a Transfer of Funds by the City of Carmel Fire Department
($/05,000). Councilor Seidensticker made a motion to move this item into business. Councilor Schleif
seconded. Councilor Finkam presented this item to the Council and made a motion to approve
Resolution CC-12-07-15-01. Councilor Rider seconded. There was brief Council discussion. Council
President Sharp called for the vote. Resolution CC-12-07-15-01 was adopted 6-0.
OTHER BUSINESS
There was none.
ANNOUNCEMENTS
There were none.
EXECUTION OF DOCUMENT
ADJOURNMENT
Council President Sharp adjourned the meeting at 7:29 p.m.
Respectfully submitted,
it - 0*,
erk-Treasurer i iana L. Cordray, ,/ C
Approve.,
(1
James/:rainard,Mayor
ATTEST: 1
Diana L. ordray, IAMC, Clerk-Treasurer
7707/7;CC Meeting Minutes
6
V
CARMEL REDEVELOPMENT COMMISSION
CITY COUNCIL DECEMBER, 2015 REPORT
REPORTING ON OCTOBER 2015 FINANCES
NOVEMBER 2015 ACTIVITIES
Carmel Redevelopment Commission
STRATEGIC HIGHLIGHTS
• The CRC approved a preliminary TIF Allocation Resolution to expand the Gramercy Allocation
area. The expanded area will include the 502 East property and the new office building east of the
conference center. The expanded TIF area will produce funding to build an extension of AAA Way
and improve neighboring traffic flow.
• The CRC approved a consultant contract with Carl Walker to complete a feasibility study of the
Tarkington Garage to improve operations,functionality and safety.
FINANCIAL HIGHLIGHTS
The following highlights represent unrestricted funds available to the CRC to work its mission. Total
savings at month-end were$5,093,335. Savings are considered restricted and are in addition to the ending
balance noted below.
October Beginning Balance — — $ 3,878,441
------------------------__.------------------- ---------------
October Revenues $ 50,628
October Expenditures $ 575,050
October Ending Balance $ 3,354,019
FUNCTIONAL HIGHLIGHTS
• CRC staff,the CRC Treasurer,and Clerk Treasurer(CT)staff did not meet in October. Original
records transferred to and/or documents shared with CT office for record-keeping:
DATE DOCUMENT METHOD
N/A N/A N/A
LOOKING AHEAD
• Agreements with Anderson Birkla regarding the Proscenium development have been filed with
Council. All agreements and project design will seek Council input and approval this year.
• Midtown development discussions are underway. A TIF request is expected in winter 2015/2016.
November 23,2015 CRC Report for December 7,2015 City Council Meeting P a g e. 11
/FINANCIAL STATEMENT
Financial Statement SEPTEMBER MONTH END
BALANCE*
OCTOBER MONTH-END FINANCIAL BALANCE $4,000,000
Ending Balance without $ 3,354,019 $3,000,000
Restricted Funds*
Ending Balance with $ 8,447,354 j $2,000,000
Restricted Funds
$1,000,000
SUMMARY OF CASH
II Actual El Budget E Variance
For the Month Ending October;2015
MONTHLY
DESCRIPTION ACTUAL PROJECTION VARIANCE
Cash Balance 10/1/15
1101 Cash $3,878,441.29 $3,878,441.29 $-
1110 TIF -
Total Cash $3,878,441.29 $3,878,441.29 $-
Receipts
1101 Cash $50,627.88 $26,921.64 $23,706.24
1110 TIF -
Developer Payments -
Transfer to SRF -
Total Receipts $50,627.88 $26,921.64 $23,706.24
Disbursements
1101 Cash $575,050.48 $575,050.48 $-
1110 TIF -
Total Disbursements $575,050.48 $575,050.48 $-
1101 Cash $3,354,018.69 $3,330,312.45 $23,706.24
1110 TIF -
Cash Balance 10/31/15 $3,354,018.69 $3,330,312.45 $23,706.24
Total Usable Funds $3,354,018.69 $3,330,312.45 $23,706.24
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 12
/FIN.ANCI.AL STATEMENT
FUND BALANCES AND OUTSTANDING RECEIVABLES
As of month-end October,2015
Restricted Funds
Energy Center Reserve $502,365
Civic Rent Reserve 802,837
Supplemental Reserve Fund 3,788,133
Sub-total: 5.093.335
Unrestricted Funds
TIF 0
Non TIF 3,354,019
Sub-total: 3.354.019
Total Funds $8.447.354
Outstanding Receivables
Reimbursement of Project Blue invoices(1) 13.955
Total Outstanding Receivables $13.955
(1)Amounts due are the professional service invoices paid to date by
the CRC in regards to the potential development as per the
established Reimbursement Agreement
STATEMENT OF CHANGES IN EQUITY
MONTH.END: OCTOBER 2015
DESCRIPTION REVENUE EXPENSES
Total Receipts(TIF) $-
Total Receipts(Non TIF): $50,627
Expenditures(TIF) $-
Expenditures(Non TIF) $575,050
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 13
FINANCIAL UPDATE
Financial Update
TIF REVENUE AND DEBT
Projected TIF revenue available for CRC use and reserve transfers is$19,031,010.
$2,112,397 is projected to be transferred to reserves.
Net Developer Pass-Thru TIF Revenue forecast is$17,076,430. Developer Pass-Thru paid in July
was$691,723.
Bond debt payments were made in June and July and will be made December. Below are the projected
payments;
MONTH TIF TOTAL COITTOTAL
June/July 2015 (Actual) $9,056,949 $479,711
December 2015 $9,054,864 $479,532
GOING CONCERN
With construction projects underway,we are coordinating closely with contractors to minimize unforeseen
change orders.
The Finance team and CRC staff are working to finalize a 2016 CRC budget that incorporates lower
revenues than 2015.
TAKEAWAYS
• Month-end balance is positive.
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 14
4.
„AafEcir- tu ?D,.,, ,, , , . .. ,. ,...r_. _ ,
Project Updates
CITY CENTER
Developer Partner:Pedcor Companies
Allocation Area:City Center
Project Summary:see below
Use:Mixed-Use
'C ARMEL CITY C ENTER PROPOSED SITE PLAN 12-8-14 r
CENTER DRIVE jI
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Figure 1 City Center Master Plan,provided by Pedcor City Center Development Company
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 5
PROJECT UPDATES
Phase 1=complete
1) Apartments-Current occupancy is at 87%.
2) Retail-Currently,Pedcor leases 95%of the total 79,570 in LSF. If you know of retailers that would
be great to have here,please contact Melissa Averitt at 705-7982.
Nash Building-complete
1) Apartments-50%of the 30 apartments are leased.
2) Retail-approximately 70%of the 9,338 sf of commercial space has been leased.
Phase 2
1) Project Status-(noted below)
City Center site improvement construction drawings are 98%complete. The team is anticipating
issuing the documents for public bid in Q1 of 2016.
PROJECT USE PROJECT DESIGN RENDERINGS
DATES PROVIDED BY PEDCOR
Garage v A four-story parking structure with no less Design/Build -w
Park East than 620 parking spaces,which will include 2015-2016 ��:gM
up to approximately 28,000 square feet of ° . w�;4i ': `'�
commercial retail office space. Completion a _ =,I i
, ,,
Q1/2 2017 2pi° .;°i . r Pam ' .•CRC Public Bid process is ongoing. Final - -
proposals are due to the CRC Technical
Review Committee on 12/7/2015.
Baldwin/ A four story building,of approximately Start:Spring
Chambers 64;000 square feet,which will include 2015
luxury apartments and commercial [ a � 111 r
retail/office space. Pedcor is currently Completion I - '''�e n
working with four commercial businesses -
Q4 2017 -
who will occupy approximately 14,000 sf of ° '''
the commercial space.
Construction drawings are 99%complete.
Holland A five story building,of approximately Start:Fall 2015
63,000 square feet which will include ,
luxury apartments and commercial '
Completion ` lye
retail/office space. ` ��� ���. i G� i�n
Q42017 "' ITr49, tFy
•Design Development is complete. = '
Playfair A five story building,of approximately Start:Fall 2015
63,000 square feet,which will include
q Completion
luxury apartments and commercial Q4 2017
retail/office space.
Design Development is complete.
Garage See Garage East note above. Start:Fall 2015
Retail Completion
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 16
PROJECT UPDATES
Design has not started. Q4 2017
Pedcor A two story building,of approximately Start:Fall 2015
Office 5 20,000 square feet,which will include office "
space. Completion r
Q42017 1 1!
Design Development is underway. ir'113g'�i g i I! C -
_
Kent A three story building,of approximately Start:Fall 2015 t' "
111,000 square feet of luxury apartments.
Completion 24 ,rs[7alliay
Schematic Design is underway. Q4 2017 ° ,y,, 4'17'r- S
Wren A seven story building,of approximately Start:Fall 2016 �i-`
88,000 square feet,which will include 111014;r
luxury apartments and commercial d'llu
Completion
office/retail space. � � ti . ��-- t
Q4 2018 ¢' � r' � tNi1
Design has not started. — '
Windsor A four story building,of approximately Start:Fall 2017 Design has not started.
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 Design has not started.
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 Design has not started.
square feet,which will include parking.
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Announce Design Build 12/16/2015
selected team
3) CRC Commitments
An overview of commitments have been uploaded to the CRC website.
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.
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 17
PROJECT UPDATES
MEZZ 42
1) Developer Partner:Anderson Birkla
2) Allocation Area:Downtown EDA 1
3) Project Summary: see wwwmezz42.com
Use:Primary Residential. 42 residential units with 8,500 square feet of office.
Total project budget:$8-9 million
Secured Tenants:Survival Fitness,attorney office,and Anderson Birkla headquarters
4) Construction Milestones:Complete.
5) 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.
$67,021 Invoices are expected to be paid starting Aug 2015.
Site Construction (3rd Ave) Calumet Civil Contractors. <COMPLETE>
Utility Invoices are expected to be paid when the poles are
Relocation $250,000 removed.
$242,979 Invoices are expected to be paid 2015. Midwest
Site Construction (site work) Constructors.
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
Calumet is complete.
Anticipated Project Completion Midwest is 99%complete. Punch list items remain.
Duke has poles remaining on-site.
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 18
PROJECT UPDATES
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 2015
Construction 2016
4) Design Consultant: Context Landscape Architecture
5) Construction Milestones:n/a
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 project will include the installation of the existing limestone,site
work,and landscape/lighting/irrigation on the south and west sides of the Palladium. Shiel Sexton is
providing construction management for this project under an existing contract.
2) Total Project Budget:$1,363,350
Engineering Contract $23,200
Construction Contract with JBM
Construction $1,243,000
3) Anticipated Project Schedule
Design Complete
Construction Complete 2016
4) Construction Milestones:
• Limestone is set.
• Underdrain installation is in progress.
• Landscaping plant material will be installed yet this year. Ground Cover will be installed in spring
2016.
5) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
None at this time
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 19
PROJECT U P-DATES
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PROSCENIUM (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
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4) Anticipated Project Schedule
TIP Request 2015
Design/Construction start 2016
5) Construction Milestones:n/a
6) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Purchase On 11/2/15 Agenda Pending Council approval
Agreement
Project Agreement On 11/2/15 Agenda Pending Council approval
Allocation Area On 11/2/15 Agenda Pending Council approval
Economic On 11/2/15 Agenda Pending Council approval
Development Bond
Request
7) CRC Commitments
No commitments by the CRC have been made at this point in the negotiations.
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 110
PROJECT UPDATES
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:Merchants Bank,Miller Auto Care
MIDTOWN €1`��� :a _
r C ARMEt .L . �" k { e' MIDTOWN 10
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and Old Town I mF
Development ��_ _ N �r s e._ emu= ' wsr Fs._ _.
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„'__"..`."`...""_...._____I { FARMING OAFA{,F
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Residential __ °� _. ... `' �� ���aTt !* � ��� � �
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Office/Retail ? rsw outstanding, 112,111i4';,
Development * 0 n n - ";A,, t.«arans' 6 it nnefro
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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 timev_�__�______.____ ___ - _ _ __ __
7) CRC Commitments
No commitments have been made at this point in the negotiations.
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page I 11
PROJECT UPDATES,
Respectfully submitted,
Corrie Meyer,AICP,RLA
Director
Carmel Redevelopment Commission/Department
November 23,2015
Prepared for David Bowers and Bob Dalzell
-End Report-
November 23,2015 CRC Report for December 7,2015 City Council Meeting Page 112