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Home My WebLink About08 August 16 MinutesCRC Meeting, August 16, 2023 1 CARMEL REDEVELOPMENT COMMISSION MEETING Wednesday, August 16, 2023 ATTENDANCE: President Bill Hammer Present Vice President Dave Bowers Absent Secretary Bill Brooks Present Member Lea Lockhart Sasena Absent Member Jeff Worrell Present 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 Laura Hunt Present Legal Counsel City Legal Ryan Wilmering Sergey Grechukhin Present Absent President Hammer called the meeting to order at 6:31 p.m. The Pledge of Allegiance was recited. BID OPENING Deputy Director Fairman opened sealed price bids with four separate packages each for the Palladium Lighting Phase II project. The prices were as follows: Indianapolis Stage Sales & Rental: a. $199,560.00 b. $332,060.00 c. $41,400.00 d. $10,505.00 VLS: a. $225,258.80 b. $367,543.50 c. $40,762.80 d. $11,417.60 CTI: a. $211,640.39 b. $339,515.27 c. $36,033.48 d. $11,937.66 Mid-America Sound: a. $214,134.30 b. $366,050.58 c. $35,189.65 d. $11,689.31 Approval of Minutes July 19, 2023 minutes were presented. Commissioner Worrell moved to approve the minutes. Secretary Brooks seconded. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena Financial Matters Mr. Lee stated the Commission’s end of the month balance for July totaled $7,019,743, including the restricted funds, the balance totaled $12,474,687. Approval of Claims Mr. Lee requested the Commission to approve the non-operating invoices in the amount of $115,822.38. Mr. Lee requested the Commission to approve the 2021 TIF bond invoices in the amount of $176,756.85. Secretary Brooks moved to approve the claims, seconded by Commissioner Worrell. CRC Meeting, August 16, 2023 2 Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena Executive Director Report Executive Director Mestetsky presented project updates to the Commission. Committee Reports Architectural Review Committee – Did not meet. Old Business None. New Business a. Action Item #1 – Resolution 2023-25 re: Declaratory Resolution for Amended 126th Street and Proscenium II allocation areas. Synopsis: This is the first step in removing four parcels from the Amended 126th Street allocation area and resetting the base for the Proscenium II allocation area. Mr. Lee explained that the Proscenium II allocation area was created with a base value based on the existing Walgreen’s building, which has since been demolished, resulting in a loss of TIF increment. He requested the Commission to approve the resetting of the base value of the allocation area based on the 2023 value to maximize the TIF for this project. Mr. Lee then explained that four parcels in the Amended 126th Street allocation area were given a base AV based on the businesses that existed and were operating there. The property is now owned by the City, which reduced the AV below the originally set base, resulting in a loss of TIF increment for the rest of the allocation area. He asked the Commission to approve removal of the parcels from the allocation area to eliminate the negative TIF increment effect. Commissioner Worrell moved to approve, seconded by Secretary Brooks. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena b. Action Item #2 – Resolution 2023-26 re: Franciscan North Declaratory Resolution Synopsis: This is the first step in resetting the base for the Franciscan North allocation area. Mr. Lee explained that the allocation area was created with the anticipation that the land value would increase dramatically once the existing buildings were demolished. That increase did not occur, resulting in negative increment. Mr. Lee requested the Commission to approve resetting the base AV for the allocation area based on the 2023 value. CRC Meeting, August 16, 2023 3 Secretary Brooks moved to approve, seconded by Commissioner Worrell. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena c. Action Item #3 – Resolution 2023-27 re: 3rd Avenue ATT TIF Pledge Synopsis: This will pledge a portion of the TIF generated from the 3rd Avenue ATT allocation area towards the bonds that will support the 3rd Avenue ATT project. Mr. Lee requested the Commission approve the pledge of 95% of the TIF received from the project to pay the bonds that will aid in the development of the 3rd Avenue ATT project. Commissioner Worrell moved to approve, seconded by Secretary Brooks. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena d. Action Item #4 – Resolution 2023-28 re: 3rd Avenue ATT project terms Synopsis: This will approve the terms of the 3rd Avenue ATT project. Executive Director Mestetsky requested the Commission approve the terms of the project agreement for the 3rd Avenue ATT project. Secretary Brooks moved to approve, seconded by Commissioner Worrell. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena e. Action Item #5 – Resolution 2023-29 re: Property acquisition Synopsis: This will approve the purchase of properties located at 444, 506, and 508 S. Rangeline Executive Director Mestetsky requested the Commission approve the purchase of three properties for $2.9M, which was lower than the average of two appraisals received by the CRC. The funds for the purchase will come from the 2021 TIF Bond proceeds. CRC Meeting, August 16, 2023 4 Commissioner Worrell moved to approve, seconded by Secretary Brooks. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena f. Action Item #6 – Palladium Lighting Phase 2 contract awards Synopsis: This will award the contracts for the Palladium Lighting Phase 2 project to the lowest and most responsive bidder. Deputy Director Fairman reported the lowest bids for each bid package opened earlier in the meeting. The results are as follows: Bid package a: Indianapolis Stage Sales & Rentals - $199,560.00 Bid package b: Indianapolis Stage Sales & Rentals - $332,060.00 Bid package c: Mid-America Sound - $35,189.65 Bid package d: Indianapolis Stage Sales & Rentals - $10,505.00 The total for all bid packages combined is $577,314.65, which is a savings of $6,000 - $7,000 for breaking the award out into individual bid packages over accepting the single lowest bidder for all packages combined. The funds will come from the 2021 TIF Bond proceeds and are within the budget. Ms. Fairman requested the Commission to approve award of the contracts as read and to delegate the finalization and execution of the contracts to the Executive Director of the CRC. Secretary Brooks moved to approve, seconded by Commissioner Worrell. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena g. Action Item #7 – Grant increase Synopsis: This will increase the grant in Resolution 2022-26 by $10,000. Executive Director Mestetsky requested the Commission to approve the increase of grant funds, previously approved by the CRC, to the CMCDC from $50,000 to $60,000 to help incentivize a hotel being built at 103rd and Pennsylvania St. Secretary Brooks moved to approve, seconded by Commissioner Worrell. Vote: Yes No Abstain/Recuse Bill Hammer X Dave Bowers Bill Brooks X Jeff Worrell X Lea Sasena CRC Meeting, August 16, 2023 5 Other Business None Adjournment The Commission adjourned the meeting at 7:12P.M. The next scheduled meeting is set for Wednesday, September 20, 2023, 6:30 p.m.