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HomeMy WebLinkAbout07 July 11 MinutesCRC Meeting, July 11, 2016 1 CARMEL REDEVELOPMENT COMMISSION Meeting Monday, July 11, 2016 ATTENDANCE: President Bill Hammer Present Vice President Dave Bowers Present Secretary Henry Mestetsky Present Clerk-Treasurer Rep. Linda Harvey Present Member Bill Brooks Not Present Member Member Jeff Worrell Michael Kerschner Present Present Executive Director Corrie Meyer Present Office Manager Michael Lee Present Legal Consultant Assist. City Attorney Karl Haas Ashley Ulbricht Present Present President Bill Hammer called the meeting to order at 6:38 p.m. The Pledge of Allegiance was said. Approval of Minutes June 15, 2016: Mr. Bowers moved to approve, seconded by Mr. Worrell. Approved unanimously. Financial Matters Mr. Lee stated the Commission’s end of the month June balance totaled $1,215,418 and, including the restricted funds, the balance totaled $5,774,651. Update on Outstanding Receivables Mr. Lee stated there was only one outstanding receivable, Project Blue invoice of $15,643. Approval of Claims Mr. Lee stated that there are non-operating claims in the amount of $2,388,043.18. Mr. Lee would note that $2.33 million is for the pay down of principal and interest on the secondary installment contract #1, which has already been paid on June 30th. Mr. Mestetsky approved; Mr. Bowers seconded. Approved unanimously. Mr. Lee requested the Commission to approve the City Center Phase II Bond claims in the amount of $1,482,011.72. Mr. Bowers moved to approve, seconded by Mr. Mestetsky. Approved unanimously. Executive Director Report with Update on Properties Mrs. Meyer gave updates on the following projects: Sophia Square, Palladium landscape, Midtown and the Proscenium project. Committee Reports Mr. Bowers stated the Financial Committee did meet and discussed the following: Revisions to 2016 Budget and updates to financial information packet. Mr. Worrell stated the Architectural Review Committee did meet and discussed several topics including: TAC (Technical Advisory Committee); Preliminary plans for Center Green; Park East; Sophia Square; the Monon project and Party Time Rental. CRC Meeting, July 11, 2016 2 Old Business Mrs. Meyer stated the Tarkington garage signage proposal remains tabled. New Business Approval of Revised 2016 Budget Mr. Lee stated that the CRC staff recommends revising the 2016 Budget based on actual figures through the first six months and projections for the remainder of 2016. Mr. Lee pointed out specific line items to the commission, including details on current and forecasted revenues and expenditures. Mr. Bowers moved to approve the Carmel Redevelopment Commission’s revised 2016 Budget as presented. Mr. Mestetsky seconded and approved unanimously. Creation of a Technical Review Committee to facilitate the Design-Build process for the Midtown West parking garage Mrs. Meyer stated the Technical Review Committee (TRC), consisting of five members, needs to be established to facilitate the design-build process for the Midtown West garage project. Mr. Bowers motioned t o create a Technical Review Committee with 5 members appoint ed by the CRC President to facilitate a Design-Build procurement process for the Midtown West parking garage. Seconded by Mr. Mestetsky and approved unanimously. Creation of a Technical Review Committee to facilitate the Design-Build process for the Monon and Main project parking garage Mrs. Meyer stated the Technical Review Committee (TRC), consisting of five members, needs to be established to facilitate the design-build process for the Monon and Main garage project. Mr. Mestetsky motioned to create a T echnical Review Committee with 5 members appointed by the CRC President to facilitate a Design-Build procurement process for the Monon and Main project parking garage. Seconded by Mr. Bowers and approved unanimously. Approval of demolition contract for Midtown East project Mrs. Meyer asked the commission to withdraw this item from the agenda and/or table the item since 3 bids for a contract to demolish a portion of the future Midtown development site were not available at this time. Mr. Mestetsky motioned to table until next month’s meeting, seconded by Mr. Worrell. Approved unanimously. Approval of Second Amendment to Amended and Restated Installment Purchase Agreement (Village Financial) Mrs. Meyer stated the Commission paid down $2,337,278.02 of principal and interest on the Secondary Installment Contract Number One held by Village Financial. This Second Amendment to the Amended and Restated Installment Purchase Agreement reflects this transaction. Mr. Mestetsky motioned to approve, seconded by Mr. Bowers. Approved unanimously. Other Business None at this time. Adjournment Mr. Mestetsky moved the meeting be adjourned pending the execution of documents, seconded by Mr. Worrell. The meeting was adjourned at 7:09 p.m. The next regularly scheduled meeting is Wednesday, August 17, 2016 at 6:30 p.m. An executive session was held prior to the public meeting in which the purchase or lease of real property was discussed. The Commission hereby certifies that no subject matter was discussed in the executive session other than the subject matter specified in the public notice.