HomeMy WebLinkAbout02 February 28 MinutesCRC Meeting, February 28, 2018
1
CARMEL REDEVELOPMENT COMMISSION Meeting
Wednesday, February 28, 2018
ATTENDANCE:
President Bill Hammer Present
Vice President Dave Bowers Present
Secretary Bill Brooks Present (telephonically)
Treasurer Christine Pauley Not Present
Member Adam Campagna Not Present
Member Jeff Worrell Present
Member Michael Kerschner Present
Executive Director Henry Mestetsky Present
Deputy Director Michael Frischkorn Present
Office Manager Michael Lee Present
City Attorney Ashley Ulbricht Present
Legal Consultant Jenny Shoup Present
Bond Counsel Bruce Donaldson Present
Municipal Advisor Heidi Amspaugh Present
President Hammer called the meeting to order at 6:37 p.m.
The Pledge of Allegiance was said.
Bid Opening – Kent Site Work
Mr. Frischkorn opened three sealed bids from HIS Constructors, White Construction, and
Smock Fansler. He noted that staff would review the bids and return at the next meeting with a
recommendation.
Approval of Minutes
The January 17, 2018 minutes were presented. Mr. Worrell moved to approve the minutes. Mr.
Bowers seconded. Mr. Hammer asks Mr. Lee for a roll call vote.
Roll Call Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna
Jeff Worrell X
Financial Matters
Mr. Lee stated the Commission’s end of the month December balance totaled $2,045,432.21 and,
including the restricted funds, the balance totaled $6,588,342.02.
Update on Outstanding Receivables
Mr. Lee stated there are two outstanding receivables:
1) Project Blue invoices of $15,643.
2) Initial Energy Consumption Fee for The Mezz of $346,410.
Approval of Claims
Mr. Lee requested the Commission to approve the non-operating invoices in the amount of
$208,317.19.
CRC Meeting, February 28, 2018
2
Mr. Lee stated that there is a disbursement to be paid out of the Midtown South Bond in the
amount of $573,719.37.
Mr. Lee stated that there is a disbursement to be paid out of the 2016 TIF Bond in the amount of
$47,903.08.
Mr. Lee stated that there is a disbursement to be paid out of the 2016 COIT Bond in the amount
of $145,644.32.
Mr. Brooks moved to approve the claims, seconded by Mr. Bowers. Mr. Hammer asks Mr. Lee
for a roll call vote.
Roll Call Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna
Jeff Worrell X
Executive Director Reports with Update on Properties
Mr. Mestetsky highlighted the ongoing CRC projects and noted that a lot more activity would be
seen as the weather gets warmer.
Committee Reports
Finance Committee - None.
Architectural Review Committee – Mr. Worrell noted that the committee reviewed the Kent
building.
Old Business
There was no old business.
New Business
Action Item #1 – Approval of Midtown north garage muralist
Mr. Lee stated that this would approve M&E Enterprises to create and paint the mural for the
Midtown north garage. Mr. Bowers moved to approve, seconded by Mr. Worrell. Mr. Hammer asks Mr.
Lee for a roll call vote.
Roll Call Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna
Jeff Worrell X
Action Item #2 – Approval of owner’s advisor services for Miller Auto Care relocation
Mr. Mestetsky stated that this would approve Old Town Companies to work as the owner’s advisor for
design and construction management of Miller Auto Care’s relocation. Mr. Bowers moved to approve,
seconded by Mr. Worrell. Mr. Hammer asks Mr. Lee for a roll call vote.
Roll Call Vote: Yes No Abstain/Recuse
Bill Hammer X
CRC Meeting, February 28, 2018
3
Dave Bowers X
Bill Brooks X
Adam Campagna
Jeff Worrell X
Action Item #3 – Approval of legal services engagement letter for 2018
Mr. Mestetsky stated that this would accept the terms of an updated engagement letter from
Wallack, Somers, and Haas for their legal services in 2018. The previous engagement letter had not been
updated for seven years. Mr. Bowers moved to approve, seconded by Mr. Worrell. Mr. Hammer asks Mr.
Lee for a roll call vote.
Roll Call Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna
Jeff Worrell X
Action Item #4 – Approval of financial advisory services engagement letters for 2018
Mr. Mestetsky stated that this would accept the terms of the engagement letters from H.J.
Umbaugh and Associates for their financial advisory services in 2018. Mr. Worrell moved to approve,
seconded by Mr. Bowers. Mr. Hammer asks Mr. Lee for a roll call vote.
Roll Call Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna
Jeff Worrell X
Other Business
Mr. Donaldson seeks to add on an additional item to the agenda which would be
Resolution 2018-02 regarding the approval of Reserve Fund for Midtown West bonds. The CRC
allowed the addition. Mr. Donaldson stated that this resolution would allow the use of
Supplemental Reserve Funds, previously used as a debt service reserve for the Midtown East
bonds, to perform a similar function for the soon to be issued Midtown West bonds. Mr. Worrell
moved to approve, seconded by Mr. Bowers. Mr. Hammer asks Mr. Lee for a roll call vote.
Adjournment
Mr. Worrell moved the meeting be adjourned subject to the execution of documents, seconded by
Mr. Bowers. The meeting was adjourned at 7:11 p.m.
The next regularly scheduled meeting is Wednesday, March 21, 2018 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.
Roll Call Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna
Jeff Worrell X