2019-07-17 CRC Board Meeting Minutes
CRC Meeting, July 17, 2019
CARMEL REDEVELOPMENT COMMISSION Meeting
Wednesday, July 17, 2019
ATTENDANCE:
President Bill Hammer Present
Vice President Dave Bowers Present
Secretary Bill Brooks Present
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 Not Present
Office Manager Rachel Finn Present
City Attorney Ashley Ulbricht Present
Legal Counsel Ryan Wilmering Present
President Hammer called the meeting to order at 6:31 p.m.
The Pledge of Allegiance was said.
Approval of Minutes
The June 25, 2019, minutes were presented. Mr. Rider moved to approve the minutes. Vice
President Bowers seconded.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
Financial Matters
Executive Director Mestetsky th June balance totaled
$4,090,635 and, including the restricted funds, the balance totaled $9,281,841.
Update on Outstanding Receivables
Director Mestetsky 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
Director Mestetsky requested the Commission to approve the non-operating invoices in the
amount of $121,051.53.
Director Mestetsky stated that there is a disbursement to be paid out of the Midtown South Bond
in the amount of $22,243.90.
Director Mestetsky stated that there is a disbursement to be paid out of the 2016 TIF Bond in the
amount of $6,192.05.
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CRC Meeting, July 17, 2019
Director Mestetsky stated that there is a disbursement to be paid out of the 2016 COIT Bond in
the amount of $15,328.30.
Mr. Campagna moved to approve the claims, seconded by Mr. Rider.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
Executive Director Reports with Update on Properties
Executive Director Mestetsky acknowledged the passing of Les Olds and asked for a moment of
silence. The CRC is planning a memorial ceremony for Les at the West Garden of the Palladium
sometime the end of August. The hotel continues to frame out interior rooms. The Proscenium
deck is almost complete. Barrett & Stokely and Merchants Bank are nearing completion. The
CRC has extended reviewing of the RFP responses received for Lot One.
Committee Reports
nd
Finance Committee Met July 2 2019
Budget.
Architectural Review Committee none.
Old Business
a. Action Item #1 Resolution 2019-11 RE: Grant of James Building office space to
4CDC
Director Mestetsky asked that the Commission approve the resolution to grant a
portion of the James Building office space from the CRC to the 4CDC.
Secretary Brooks moved to approve. Mr. Campagna seconded.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
b. Action Item #2 Resolution 2019-12 RE: Grant Agreement with 4CDC
Director Mestetsky asked that the Commission approve the authorization of a back-
up in the event that 4CDC explores a loan against the office portion of the James
Building.
Secretary Brooks moved to approve. Mr. Campagna seconded.
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, July 17, 2019
New Business
c. Action Item #3 Contract for Hamilton site work
Deputy Director Fairman asked that the Commission approve the contract for
Hamilton site work, using funds which were committed by the CRC to improve
Carmel City Center Phase II.
Mr. Rider moved to approve. Vice President Bowers seconded.
Vote: Yes No Abstain/Recuse
Bill Hammer X
Dave Bowers X
Bill Brooks X
Adam Campagna X
Kevin Rider X
d. Action Item #4 Approval of Revised 2019 Budget
Director Mestetsky asked that the Commission approve the amendment to the budget
to reflect current and forecasted revenues and expenditures.
Vice President Bowers moved to approve. Secretary Brooks seconded.
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 6:54 p.m.
The next regularly scheduled meeting is Wednesday, August 21, 2019, 6:30 p.m.
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