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HomeMy WebLinkAboutCRC-07-19-05CRC Minutes, July 19, 2005 1 CARMEL REDEVELOPMENT COMMISSION Meeting, Tuesday, July 19, 2005 The meeting was called to order by President Ron Carter at 7:15 p.m. Commission members Bob Battreall, Jerry Heniser and William Hammer were present, constituting a quorum. Also present were Karl Haas, Les Olds, Loren Matthes, Dan Moriarity, Bruce Cordingley, Steve Brown, Lesley Rogers Barrett from the Indianapolis Star, David Stirsman, Salon 01 and Karl Meyer from Meyer Najem, Inc. Phyllis Morrissey as support staff. Approval of Minutes Mr. Battreall moved the minutes of June 21, 2005, be approved. Following a second by Mr. Hammer, the motion was unanimously approved. Mr. Battreall moved the minutes of June 28, 2005, be approved. Following a second by Mr. Hammer, the motion was unanimously approved. Bid Opening One conforming bid was received for Parcel 5B and 5C, the two 60’ strips along the west side at the edge of the Monon Trail. The bid was from Pedcor Office, LLC, and was for a combined price of $1,500,000. The bid will be taken under review and a recommendation will be brought back to the next CRC meeting. Public Hearing for Resolution Mr. Carter stated that on May 17, the CRC approved the resolution making this a development area and then also on the 17th, the Plan Commission adopted the resolution and issued a written order pursuant to state statute on this. Then on June 20, the Declaratory Resolution, the Plan Commission order and the plan and determination of the area as an economic development area was approved by the Council. We need to go ahead and hold this public hearing this evening to be in conformance with state statute. Resolution 7-2005 of the City of Carmel Redevelopment Commission Confirming Resolution Declaring an Area in City of Carmel as an Economic Development Area and Approving an Economic Development Plan for Said Area. The Public Hearing was opened at 7:20 p.m. Mr. Carter invited anyone in opposition or in favor of the resolution to come forward. No one did so. The Public Hearing was closed at 7:21 p.m. Mr. Battreall moved for approval of Resolution 7-2005. Seconded by Mr. Hammer. Mr. Olds pointed out the boundaries of the area, noting it also includes Parcels 4 and 11. The motion was then unanimously approved. Resolution 8-2005 of the City of Carmel Redevelopment Commission Pledging Certain Tax Increment Revenues to the Payment of Economic Development Revenue Bonds of the City of Carmel. CRC Minutes, July 19, 2005 2 Mr. Battreall moved for approval of Resolution 8-2005. Seconded by Mr. Hammer. The motion was unanimously approved. Mr. Cordingley was asked to update the Commissioners. He presented the latest set of construction documents for Parcel 5. For the garage itself, more construction oriented documents should be completed within the next 8-10 weeks. “There is a chance we could perhaps break ground the end of August. At your August meeting hopefully you are approving the redevelopment agreement because I’d like that signed and agreed to before we break ground. The goal would be that by the time the excavation is done, the garage construction drawings are in sufficient form to be submitted to the State and the City for at least foundation permits. There will be a series of hundreds if not more, piers that go down 60’ below our excavated elevation that basically will be holding up the City Center.” Mr. Sturtz presented a revised proposal for the retail area fronting on Range Line Road to solve the problem caused by the elevation changes. Discussion followed. Reorder of Agenda Mr. Battreall made a motion to reorder the agenda to allow Mr. Cordingley to continue his report on other issues. Following a second by Mr. Hammer, the motion was unanimously approved. Parcel 2 Mr. Cordingley reported he thought they had found a solution to screening the mechanicals on the roofs on Parcel 2. They will be submitting the plan. Pedcor will be moving into building four on Parcel 2. City Center Construction on the garage will begin soon. Old Town Shops Mr. Cordingley: It was necessary to install geopier foundations because of the soils. They anticipate in early December to be in a position to turn units over to the tenants. We would still have some work of our own to do. Brief discussion followed about roof gardens and other upgrades, including window choices, for the project. Financial Matters Mr. Mathes reported the 2003 BAN was renewed for two more years. The 2005 BAN money will be ready by September. It will not be a draw BAN. The renewal process must be started this fall for the 2004 BAN which matures in January 2006. Mr. Carter thanked Ms. Mathes for the good work she did on the bond issue for the performing arts center. She noted it has gone through the state approval process so the bonds will soon be ready to sell. CRC Minutes, July 19, 2005 3 Mr. Olds asked Ms. Mathes to have a brief report prepared for the next CRC meeting. 2005 Budget Mr. Olds explained details and changes on the updated budget. He noted draws for Pedcor on the CRC share of the cost on the infrastructure work would not begin until a month of construction is underway. This does not include the A/E costs agreed to earlier. An increase to the TIF of approximately $64,000 per year will now occur since Mr. Haas met with the Hamilton County Auditor to explain the ownership of the AMLI apartments in Old Town. Discussion followed about the need for an accounting person for CRC. The Mayor is now in agreement although he was reluctant to add another person to the payroll. Invoices Invoices in the amount of $1,055,053.11 were submitted for payment. Discussion followed about the Barnes & Thornburg invoice, the Plews, Shadley invoice and the Woolpert part of the CSO and the Arts District invoice. Following clarification of these questions, Mr. Battreall moved the CRC approve the invoices in the amount of $1,055,053.11. Following a second by Mr. Hammer, the motion was unanimously approved. Update on Properties In addition to the information sent in the packets, Mr. Olds gave the following updates: Kosene is asking for a change in the unit mix condominiums they are building. They have submitted a design which is being reviewed. They want to convert a building with flats to townhouses. Mr. Olds explained the changes and noted he has asked Pedcor to look at it. Mr. Olds will send site plans to the commission members. Veterans Plaza Mr. Olds reported there have been ongoing meetings on site with the contractor. The grass is terrible. All the weeds need to be killed and the area reseeded. The contractor has been constantly notified. The City maintenance people will be taking over the operation of the irrigation system once the punch list is satisfied. Mr. Carter asked when the punch list items will be substantially completed, noting it should not be too torn up because of the boat races on the reflecting pool July 30 and 31. Mr. Olds will continue working with them. Reflecting Pool Work continues to get the pumps fully operational and the chemicals balanced. The bottom of the pond will be cleaned and ready for the race. CRC Minutes, July 19, 2005 4 Mr. Carter stated complaints have been received about skateboarders. He requested we get signs up as quickly as possible to prevent skateboarding in the area. Parcel #3 Cinergy will be installing underground chambers; actual sites yet to be determined. This will eliminate the green boxes in front of Mr. Kestner’s property. Parcel 5 Conforming bids were received from Pedcor for parcels 5D and 7C for a combined price of $1,500,000. Mr. Battreall moved the CRC accept the bid proposals for Parcel 5D and Parcel 7C from Pedcor. Following a second by Mr. Hammer, the motion was unanimously approved. Parcel 7 Mr. Moriarity reported an arrangement had been made for Cinergy to use some parking spaces to do their work rather than move more of the Monon Trail as they had requested. Mr. Olds stated he was having a problem getting an easement for Cinergy behind Mohawk Plaza. The City Attorney could file a condemnation for a utility easement. Mr. Olds will follow up. There is a problem with the Monon Trail detour being too steep beside Mr. Kestner’s property. This will be checked. Parcel 8 Mr. Olds will call Mark Perlstein and set up a meeting with him and Mr. Carter. Parcel 10 It appears a closing is imminent on the sale of the property beside Shapiro’s. Mr. McComas will be at the next meeting to report. Parcel 12, 16 and 21 RFPs for these three parcels are being picked up with bids due at August CRC meeting. Parcel 12 Mr. Haas reported a purchase agreement for Payless Liquors was ready for signatures. The purchase price is $1,000,000 plus a $200,000 relocation fee. Mr. Battreall expressed disappointment in the price increase since negotiations first began. Following discussion, Mr. Hammer moved the CRC approve the purchase agreement for $1,000,000 plus a relocation fee not to exceed $200,000. Mr. Heniser seconded the motion. The other three commissioners also expressed concerns about the cost and relocation fees. Call for the question. The motion was approved with three in favor, Mr. Battreall opposed. Environmental testing will be done on Parcel 12. CRC Minutes, July 19, 2005 5 Old Business Arts District Signs The purchase of sign medallions for the streetlights for the Arts District was discussed. Budgeting for the Arts District was also discussed. Mr. Carter recommended a director for the district be hired. Signage in general in Old Town was discussed. Mr. Battreall moved the CRC purchase fifteen signs to be strategically located in the Arts District. Following further discussion, Mr. Hammer seconded the motion and it was unanimously approved. Old Town Renovation Grants Mr. Olds will bring recommendations to the next meeting. Seven were granted last year. Carmel Clay Veterans Memorial Corporation wants to place a small temporary informational sign on their parcel, seeking donations toward the memorial. Monon and Main Kosene has dropped out of this project and are selling the project to Gunstra, who has said they will not be making any changes in the project. CRC will be doing streetscape work. O’Malia’s Fireplace Shop They will be expanding their current location, tearing down the house to the south, and have asked for a grant towards this. Mr. Olds wants them to grant CRC additional right- of-way on Range Line Road for future parallel parking. Another street is being recommended through Parcel 12. Discussion followed. The additional street would be part of the negotiations on Parcel 12. Mr. Carter requested that any offers on Parcel 12 be placed in “apples to apples” comparisons and that all developers bidding come to the CRC with presentations which includes financial information and design. Mr. Haas said that will be planned for the September meeting. Next Meeting will be Tuesday, August 16, 2005. Adjournment Mr. Battreall moved the meeting be adjourned. Following a second by Mr. Hammer, the motion was unanimously approved and the meeting adjourned at 9:13 p.m. Z:\redevcomm\2005\July 19 Minutes