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HomeMy WebLinkAboutCRC-01-25-05CRC Meeting, January 25, 2005 1 CARMEL REDEVELOPMENT COMMISSION Meeting, Tuesday, January 25, 2005 The meeting was called to order by Vice President Ron Carter at 7:09 p.m. Commission members present were Rick Sharp and William Hammer, constituting a quorum. Also present were Les Olds, Dan Moriarity and Karl Haas. Sherry Mielke as support staff. Oaths of Office were administered to the three commission members. Election of Officers Ron E. Carter was unanimously elected as president. William Hammer was unanimously elected as vice president. Rick Sharp was unanimously elected as secretary. Approval of Minutes The minutes from the December 15, 2004, meeting were unanimously approved. Bid Openings Bids were received for demolition of all the buildings the CRC controls on Parcel #13 and for the Amoco station on Parcel #12. See attached spreadsheet for bid details. Mr. Sharp moved the director review the bids and report back with a recommendation at the next meeting. Following a second by Mr. Hammer, the motion was unanimously approved. Report on Old Town Mr. Olds introduced Scott Koppleman who is the AMLI Residential representative. Mr. Koppleman reported on the AMLI leasing activity in Old Town. There are 91 residential units and they are 93% leased (stabilized). Essentially this is a market full residential component. Retail component is lagging behind. In addition to the three leased spaces (Muldoon’s, Petals and Addendum) one additional signed lease space (a Smoothie shop) is under construction and to be opened mid-February. He reported they are close to another signed lease for a retail store targeted towards women’s fitness and also negotiating with a restaurant for the corner retail space. In response to a question, Mr. Koppleman said if the other two tenants sign leases, the area will be 55% leased. They feel that once the corner space is leased, there will be a lot of momentum and they can also do some aggressive marketing to fill the rest of the spaces. Discussion followed. Mr. Carter stressed the importance of leasing all the spaces to keep the momentum going for AMLI as well as for the rest of the CRC projects. Further discussion. Mr. Olds asked Mr. Koppleman to email him monthly with updates and also if any issues come up with which the CRC would help. CRC Meeting, January 25, 2005 2 Financial Matters 2005 Budget The 2005 budget was presented by Ms. Mielke and Mr. Olds along with a brief explanation. Land acquisitions projected are Amoco and Payless Liquors. Discussion followed about various budget categories. Mr. Sharp moved for approval of the 2005 budget detail which shows total revenues of $7,930,148.00 total expenditures of $9,188,585. Following a second by Mr. Hammer, the motion was unanimously approved. Cash Flow Report Ms. Mielke reported end of the year cash balance is $5,614,513.00. Remaining resources available through the 2004 BAN is $653,648, for a total of $6,268,161. In response to a question, Ms. Meilke stated the 2003 BAN will come to maturity on July 15, 2005, so we will owe $2,995,000. Mr. Haas said it was to have been rolled into a larger bond. Ms. Mielke noted another one would be due for the same amount in July 2006 for the 2004 BAN. There is also one which has been approved but not issued. Discussion followed. Redevelopment Authority Mr. Hammer moved for approval of a motion for the CRC to pay for an audit at a cost of $3,500 - $5,000 for the Redevelopment Authority. Following a second by Mr. Sharp, the motion was unanimously approved. Invoices Invoices were submitted in the amount of $393,618.81. Mr. Sharp moved for approval of the invoices as submitted. Following a second by Mr. Hammer the motion was unanimously approved. Other Mr. Haas reported he, Mr. Olds, Mr. Carter and Ms. Mielke met with some State Board of Accounts representatives. One of the issues discussed was the procedure for opening of bids for public works projects, as it applies to having a quorum present for the opening. The SBA had no input on this and said we should ask counsel. Mr. Haas said he will do so and have a response at the next CRC meeting. Pintail Court Mr. Olds said documents were to be signed. He has ordered an environmental on the property. After the right of way is taken for Illinois Street, we are still going to be left with a habitable house. Vacant property next door to 302 Pintail Court.will also be purchased by the Engineer’s office for right of way. The City Engineer has asked if we would be interested in taking the leftover property from that site and combining it with the 302 property to create a new piece of property that we could sell. Discussion followed about who would take title, CRC or Board of Public Works. Mr. Haas noted this is a special circumstance. Discussion followed. CRC Meeting, January 25, 2005 3 Mr. Sharp moved that upon closing of the property located at 302 Pintail Court, that the Board of Public Works take title, rather than the CRC. Following a second by Mr. Hammer, the motion was unanimously approved. Barbizon Art Collection Mr. Carter asked about the status of the negotiations for the Barbizon Collection. Mr. Haas said he did not think the final offer had been sent. He will check with Mayor Brainard and if it is not being sent, Mr. Haas will call for an accounting to see if any of the $15,000 in legal fees is left. Update on Properties Parcel #2 Pedcor progress of construction is moving along. They are still working on design of the fifth building. At the present time, no leases have been signed for the first floor of the corner building so a restaurant there is doubtful. Kosene is focusing on getting their roadway up and operable. Discussion followed. Mr. Carter asked if anyone has said anything recently about the dog noise. Negative. Veterans Plaza Mr. Olds reported the plaza is about 95% complete. When lights are operable, the veterans group wants to have a ceremony on site for flags installation. Parcels #4 and #11 Appraisals due this week for these sites. Mr. Haas said the RFP will state that any project to be placed there will have to receive our approval and if there is not a project which meets with our approval, the CRC will have the right to repurchase the property for the amount paid. Discussion followed noting the proximity to Mohawk Place. Mr. Sharp moved the director design an RFP for Parcel #4 and for Parcel #11 for the average of the two appraisals on each parcel. Following a second by Mr. Hammer, the motion, as amended to include both parcels, was unanimously approved. Parcel #5 Goodyear building demolition nearly complete. Pedcor would like to make a design presentation to the CRC on February 15. An executive session will be scheduled for 6 p.m. that evening with the presentation meeting beginning at 7 p.m. Mr. Olds will be meeting individually with CRC members for a briefing on the Pedcor numbers. Stormwater detention alternates and the power line issue are two items which the CRC will have to commit to this year. Mr. Olds went on to explain the stormwater concepts. He asked for input from the CRC members. Discussion followed. Mr. Olds said the estimate for underground stormwater detention is now $1,300,000 on Parcel #5 and CRC Meeting, January 25, 2005 4 Parcel #7. It was decided that of the five options shown, #1 and #4 were the preferred choices. Parcel #7 Site design work is going on. The Monon Trail will have to be temporarily relocated for several years due to the construction of the underground power lines. Mr. Olds outlined the new route which will be 12 feet wide and designed to last three years. The Cinergy work would likely begin in June. The CRC members reluctantly agreed to the closing. Mr. Olds will have one of the CRC construction managers oversee the work. He will bring firm numbers and construction details to the next regular meeting. The information about the closing will be placed on the website and several other places so the public will be aware. Parcel #13 We will try to salvage the slate pavers and use them somewhere else. Nineteen donated (named) bricks from the site will also be saved. Mr. Sharp said he was informed that the flower shop was the first library in Carmel. Mr. Olds said he will check to see if there are any artifacts left in the building. Parcel #19, Gateways The contractor has ordered materials. Cinergy has to relocate poles. Brighthouse is removing their cables from the pole on Range Line Road. Projected completion date is April 30. Parcel #20, Carmel Arts Council Bids will be received on February 15 for moving the building from 30 W Main to the Old Town parking lot. Parcel #21, Evan Lurie Gallery The BPW land transfer is underway. Pool Hall We have received two appraisals for the pool hall property. The average of these is $152,000. Mr. Sharp moved the CRC offer to purchase the property for an amount not to exceed $152,000 and then pursue a sale to a private party. Following a second by Mr. Hammer, the motion was unanimously approved. Mohawk Place Mr. Haas said there is no progress to report. Before any agreement for acquisition or rights of acquisition it will likely need to be added to the redevelopment area. CRC Meeting, January 25, 2005 5 Old Town Arts District Mr. Olds reported work is being done on a sign program for the district to help market the area. Mr. Carter said black baseball caps with the logo have been ordered. Renovation Grants This program will be continued in 2005 following the same conditions as last year. Mr. Sharp moved the CRC authorize $25,000 for Old Town renovation grants. Following a second by Mr. Hammer, the motion was unanimously approved. Third Avenue Streetscape Mr. Olds reported the construction of the screen wall is nearly complete. Pedcor agreed to pay one third of the cost, which will be approximately $80,000, when the project is done. Discussion followed about the Cinergy cabinets diagonally across the street. New Business None Next Meeting February 15, 2005, for Pedcor’s presentation. [There will also be a bid opening on the 15th, which is a change from what was stated at the meeting.] Next regular meeting will be Tuesday, February 22. Adjournment Motion made and approved for adjournment at 9:25 p.m.