HomeMy WebLinkAbout2019-02-20 CRC Board Meeting Minutes
CRC Meeting, February 20, 2019
CARMEL REDEVELOPMENT COMMISSION Meeting
Wednesday, February 20, 2019
ATTENDANCE:
President Bill Hammer Present
Vice President Dave Bowers Present
Secretary Bill Brooks Present (telephonically)
Treasurer Christine Pauley Not Present
Member Adam Campagna Present
Member Kevin Rider Present
Member Katie Browning Present
Executive Director Henry Mestetsky Present
Deputy Director Jenell Fairman Present
Finance Manager Michael Lee Present
Office Manager Rachel Finn Present
City Attorney Ashley Ulbricht Present
Legal Counsel Ryan Wilmering Present
President Hammer called the meeting to order at 6:39 p.m.
The Pledge of Allegiance was recited.
Approval of Minutes
The January 16, minutes were presented. Mr. Rider moved to approve the minutes. Mr.
Campagna seconded. President Hammer asked Mrs. Finn for a roll call vote.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
Financial Matters
nth January balance totaled $1,215,231 and,
including the restricted funds, the balance totaled $7,012,725.
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 $519,616.
Approval of Claims
Mr. Lee requested the Commission to approve the non-operating invoices in the amount of
$465,057.08.
Mr. Lee stated that there is a disbursement to be paid out of the Midtown South Bond in the
amount of $74,702.40.
Mr. Lee stated that there is a disbursement to be paid out of the 2017 C1 Bond in the amount of
$15,836.38.
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CRC Meeting, February 20, 2019
Mr. Lee stated that there is a disbursement to be paid out of the 2016 TIF Bond in the amount of
$142,393.88.
Mr. Lee stated that there is a disbursement to be paid out of the 2016 COIT Bond in the amount
of $17,075.17.
Vice President Bowers moved to approve the claims, seconded by Mr. Rider. President Hammer
asked Mrs. Finn for a roll call vote.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
Approval of Change Orders Action Item #1
None.
Executive Director Reports with Update on Properties
Executive Director Mestetsky reported that January had some bad weather, but it was still a busy
month. Midtown construction continues to progress. The parking podium on the Proscenium is
about 60% complete. The PNC site at Rangeline and Main has received a lot of interest, and the
CRC hopes to RFP the site in the next couple of months. The Kent is going up around the City
Center area. Hope to get Playfair and Holland started in the near future. Wrapping up the
Mr. Campagna asked Director Mestetsky the projected time frame of when the CRC will move
offices. Director Mestetsky stated that the CRC projects the end of March.
Committee Reports
Finance Committee none.
Architectural Review Committee The Playfair and Holland design was approved.
Old Business
None.
New Business
a. Action Item #2 Resolution 2019 02 re: Playfair-Holland land swap
Director Mestetsky asked that the Commission approve a land swap with Pedcor
so that they can develop the Playfair-Holland project, which will sit on land that
the CRC currently owns.
Mr. Rider moved to approve. Mr. Campagna seconded. President Hammer asked Mrs. Finn for a
roll call vote.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
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CRC Meeting, February 20, 2019
b. Action Item #3 Transfer of voluntary reserve funds
Director Mestetsky asked that the Commission approve a transfer from reserves
to the cash account.
Vice President Bowers moved to approve. Mr. Rider seconded. President Hammer asked Mrs.
Finn for a roll call vote.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
Other Business
None.
Adjournment
Mr. Rider moved to adjourn, seconded by Vice President Bowers. The Commission adjourned the
meeting at 6:52 p.m.
The next regularly scheduled meeting is Wednesday, March 20, 2019, 6:30 p.m.
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