HomeMy WebLinkAboutMarch 15, 2023 CRC Meeting MinutesCRC Meeting, March 15, 2023
1
CARMEL REDEVELOPMENT COMMISSION MEETING
Wednesday, March 15, 2023
ATTENDANCE:
President Bill Hammer Present
Vice President Dave Bowers Present
Secretary Bill Brooks Virtual
Member Lea Lockhart Sasena Present
Member Jeff Worrell Absent
Member Greg Brown Present
Executive Director Henry Mestetsky Present
Deputy Director Jenell Fairman Present
Finance Manager Michael Lee Present
Project Manager Larysa Glaspie Present
Office Manager
Legal Counsel
City Legal
Ryan Wilmering
Sergey Grechukhin
Present
Present
Vice President Bowers called the meeting to order at 6:35 p.m.
The Pledge of Allegiance was recited.
Approval of Minutes
February 15, 2023 minutes were presented. Secretary Brooks moved to approve the minutes.
Commissioner Sasena seconded.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
Financial Matters
Mr. Lee stated the Commission’s end of the month balance for February totaled $6,899,325.
Including the restricted funds, the balance totaled $ 11,723,287.
Approval of Claims
Mr. Lee requested the Commission to approve the non-operating invoices in the amount of
$344,299.15.
Mr. Lee requested the Commission to approve the 2021 TIF bond invoices in the amount of
$120,000.00.
Commissioner Sasena moved to approve the claims, seconded by Secretary Brooks.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
Executive Director Report
Executive Director Mestetsky presented project updates to the Commission
CRC Meeting, March 15, 2023
2
Committee Reports
Architectural Review Committee – Secretary Books stated the Architectural Review Committee
did not meet this month.
Old Business
None.
New Business
a. Public Hearing of Crossing 1 and 2 confirmatory resolution
Mr. Lee gave an overview of the project. Vice President Bowers opened the public hearing at
6:43 pm, with no interested speakers he adjourned the public hearing at 6:43 pm.
b. Action Item #1 – Resolution 2023-05 re: Crossing 1 and 2 Confirmatory Resolution
Vice President Bowers asked for questions from the commission, no questions were asked.
Commissioner Sasena moved to approve, seconded by Secretary Brooks.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
c. Public Hearing 3rd Avenue ATT confirmatory resolution
Mr. Lee gave an overview of the project. Vice President Bowers opened the public hearing at
6:44 pm, with no interested speakers he adjourned the public hearing at 6:45 pm.
d. Action Item #2 – Resolution 2023-06 re: 3rd Avenue ATT Confirmatory Resolution
Vice President Bowers asked for questions from the commission, no questions were asked.
Commissioner Sasena moved to approve, seconded by Secretary Brooks.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
e. Public Hearing Franciscan North confirmatory resolution
Mr. Lee gave an overview of the project. Vice President Bowers opened the public hearing at
6:46 pm, with no interested speakers he adjourned the public hearing at 6:46 pm.
f. Action Item #3 – Resolution 2023-07 re: Franciscan North Confirmatory Resolution
Vice President Bowers asked for questions from the commission, no questions were asked.
Commissioner Sasena moved to approve, seconded by Secretary Brooks.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
CRC Meeting, March 15, 2023
3
g. Public Hearing Bridges II confirmatory resolution
Mr. Lee gave an overview of the project. Vice President Bowers opened the public hearing at
6:48 pm, with no interested speakers he adjourned the public hearing at 6:48 pm.
h. Action Item #4 – Resolution 2023-08 re: Bridges II Confirmatory Resolution
Vice President Bowers asked for questions from the commission, no questions were asked.
Commissioner Sasena moved to approve, seconded by Secretary Brooks.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
i. Public Hearing 111 Penn confirmatory resolution
Mr. Lee gave an overview of the project. Vice President Bowers opened the public hearing at
6:50 pm, with no interested speakers he adjourned the public hearing at 6:50 pm.
j. Action Item #5 – Resolution 2023-09 re: 111 Penn Confirmatory Resolution
Vice President Bowers asked for questions from the commission, no questions were asked.
Secretary Brooks moved to approve, seconded by Commissioner Sasena.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
k. Action Item #6 – Resolution 2023-10 re: Amendments to Hotel Carmichael agreements
Executive Director Mestetsky asked the Commission to authorize an amendment to the Mortgage
Loan Documents as well as the Hotel Management Agreement. Executive Director Mestetsky
explained that first, the Mortgage Loan Documents will be amended to switch the interest rate
from LIBOR-based to SOFR-based due to the discontinuation of LIBOR after June 30, 2023,
which shall have no actual effect on the interest rate. Second, the Hotel Management Agreement
will be amended to reduce the incentive management fee paid to the Hotel Manager.
Commissioner Sasena moved to approve, seconded by Secretary Brooks.
Vote: Yes No Abstain/Recuse
Dave Bowers X
Bill Brooks X
Lea Sasena X
l. Action Item #7 – Approval of 111 S. Rangeline Rd. demo contract
Mrs. Glaspie asked the Commission to approve the contract with Ray’s Demolition for the
abatement and demolition of the properties located at 111 S. Rangeline Rd., 41 1st St SE, 130 1st
Ave SE, and 140 1st Ave SE, stating Ray’s Demolition was the lowest, responsive quote received
for this project.
Commissioner Sasena moved to approve, seconded by Vice President Bowers.
CRC Meeting, March 15, 2023
4
Vote: Yes No Abstain/Recuse
William Hammer X
Dave Bowers X
Bill Brooks X
Lea Sasena X
m. Action Item #8 – Resolution 2023-11 re: Grant of 581 S. Rangeline Rd. to CMCDC
Executive Director Mestetsky asked the Commission to grant the property at 581 S. Rangeline
Rd. to the Carmel Midtown Community Development Corporation.
Vice President Bowers moved to approve, seconded by Commissioner Sasena.
Vote: Yes No Abstain/Recuse
William Hammer X
Dave Bowers X
Bill Brooks X
Lea Sasena X
Other Business
No other business
Adjournment
The Commission adjourned the meeting at 7:03 P.M.
The next scheduled meeting is set for Wednesday, April 19th, 2023, 6:30 p.m.