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HomeMy WebLinkAboutCRC-03-15-05CRC Minutes 3/15/05 1 CARMEL REDEVELOPMENT COMMISSION Meeting and Public Hearing Tuesday, March 15, 2005 The meeting was called to order by President Ron Carter at 7:07 p.m. Commission members Rick Sharp and William Hammer were present, constituting a quorum. Also present were Mayor Brainard, Karl Haas, Les Olds and Bruce Donaldson. Phyllis Morrissey as support staff. Several members of the public were also present as well as representatives from developers. Minutes Mr. Hammer moved for approval of the minutes from the February 22, 2005, meeting. Following a second by Mr. Sharp, the motion was unanimously approved. Public Hearing Resolution of the City of Carmel Redevelopment Commission authorizing the execution of a lease between the City of Carmel Redevelopment Authority and the City of Carmel Redevelopment Commission and related matters. The CRC members had no comment at this time. The Public Hearing was opened at 7:10 p.m. The following citizens spoke in favor or had questions about the funding of the Performing Arts Center: Jim Garretson, Merrie Heniser, Larry Creviston, Jeanne Book, Curtis Butcher, Wendy Farber. Rick Sharp read a letter of support from Jack Edwards, a resident of Home Place. Jim Kuchevski (sp?), Charles Sampson, Nellie and Edward Pipkin had questions about the project, its funding and the operating costs or what kind of events would be held at the center. During the public hearing, TIF districts were explained. Mr. Carter and Mayor Brainard assured those present that the concert hall would not be a venue for rock concerts. The Public Hearing was closed at 7:40 p.m. Further explanations were given about TIF districts and the economics of the Performing Arts Center, including the economical impact on the community. Additional supportive statements were made by the three CRC members and the Mayor. Mr. Carter read part of the meeting notice: After the public hearing… the Commission may adopt a resolution authorizing the execution of the proposed Lease if it finds that the service to be provided throughout the term of the proposed Lease will serve the public purpose of the City of Carmel and is in the best interest of its residents and that the lease rental provided for is fair and reasonable. Mr. Sharp moved the CRC approve Resolution 2-2005. Mr. Carter explained that the next step is for the City Council to consider it. Call for the question. Following a second by Mr. Hammer, the motion was unanimously approved. [Applause from the audience.] CRC Minutes 3/15/05 2 Financial Matters Fund Balance The February 28, 2005, balance for the CRC fund is $4,977,764. A balance of $451,855 remains in the 2004 draw-down BAN at the end of February. This BAN should be utilized by the end of March. Projected EOM March balance, including 2004 draw-down BAN is $4,716.265. Invoices in the amount of $336,829.59 were submitted for payment, including $100,388.70 from BAN proceeds. Mr. Hammer moved for approval of the invoices. Following a second by Mr. Sharp, the motion was unanimously approved. 2005 BAN Mr. Olds reported that the professional fees associated with the preparation and preliminary and final offering documents, including special purpose report and closing instructions for a 2005 BAN would be approximately $10,000. These fees are similar to those mentioned by Barnes and Thornburg at the February meeting. Umbaugh suggested renewing the 2003 BAN for a term of five years, the term which should be for all BANS from now on. Update on Properties Parcel #2, Pedcor Mr. Olds reported Pedcor is still under construction, working to get the Third Street portion cleaned up so the streetscape can be completed. We have received a draft copy of Pedcor’s proposed internal sign package. We have found it to be excellent except for the bicycle rack which is out of character with the rest of the package. DOCS staff will look at it also. Parcel #2, Kosene Mr. Olds has gotten no response from Kosene to his request for an up-to-date report. Veterans’ Plaza This area is nearly complete with grass and flowers soon to come up. Parcel #4 Mr. Haas will advertise an RFP and bids will be received at the next meeting. Parcel #5 Mr. Olds reported the Goodyear demolition will be completed by the end of the month. Some contamination has been found on site from recorded spills. SESCO’s cost estimate for clean-up is $77,435. CRC has to pay for it right now, but it will be part of the settlement with Goodyear. A change order needs to be signed for that amount. Mr. Hammer moved the CRC approve a change order for $77,435 for clean-up of the Goodyear site. Following a second by Mr. Sharp, the motion was unanimously approved. CRC Minutes 3/15/05 3 Pedcor will be presenting their design package at the CRC’s May meeting. Parcel #5 and #7, City Center and the Performing Arts Center Site Mr. Olds reported the infrastructure design work is moving forward. Cinergy has quoted the cost of cable for the power line relocation at $645,106. The cost for the construction and the secondary cable now amounts to $1,438,233 for a total project cost of $2,083,339. This is $225,000 above the original estimate. The reason is because of the secondary cabling system because it’s going to take three times the amount of cabling than originally estimated to serve all that Pedcor has planned for the area. Mr. Olds is scheduling a meeting with Cinergy to see that we are being treated fairly. Bringing all these new businesses and residences to this parcel would be of benefit to Cinergy. At the same time we, along with Pedcor, are looking at the possibility of purchasing bulk power from Cinergy and running a private loop around through the site and setting up our own internal transformer, switch gear system and metering system. If we don’t want to make any profit, we can’t be classified as a utility. A number of issues are being studied and we will report back at the next meeting. We’re also working on the networking of blank conduits around the site for data communications security, in conjunction with Pedcor and what is going to be needed by the City. Mr. Sharp asked if consideration had been given to laying wireless communication in the whole center, “hot-spotting” the entire area. Mr. Olds reported this is also being looked at. Drainage design issues are still being studied to find the most economical approach on the front end. Parcel #11 Mr. Haas will advertise an RFP and bids will be received at the next meeting. Parcel #12 Mr. Olds reported O’Malia’s building has been removed. Straw and seeding will need to be done to prevent erosion. That area is being used as a staging area for the construction of the gateways. Parcel #13 Theater Site Mr. Olds reported that the demolition contractor has discovered old foundations from the theater and other lumber and debris. This will need to be removed at an estimated cost of $22,000 for a change order to remove it, haul it all away and refill the site. The President of the CRC has the authority to approve a change order in this amount. The City owns the theater site and that needs to be transferred to the CRC. The average of two appraisals is $224,500. Decision needs to be made by the CRC and the City CRC Minutes 3/15/05 4 Council whether the CRC needs to reimburse the City for this site. Discussion followed. This will be on next month’s agenda. Sale of Land Mr. Haas reported there were three bidders for this land: Pedcor, Hearthview, and Meyer/Najem. Mr. Haas provided a comparison sheet which laid out the economics of the three proposals on an “apples to apples” basis. Other issues to be considered, besides cost, would be the CRC’s experience with the developer, developer’s general reputation, quality of project to be delivered, timing. Representatives from each of the developers were present. Mr. Sharp moved the CRC award the project to Pedcor, subject to arriving at an acceptable project agreement. Mr. Hammer seconded the motion. Brief discussion followed. Call for the discussion. The motion was unanimously approved. Mr. Carter thanked all the developers for their submittals. Pelton Property Mr. Haas reported we have received a counter proposal from Doug Pelton for $395,000 for his property on Main Street. Mr. Sharp moved the CRC move forward in purchasing the property along the terms outlined in the March 2, 2005, letter from Doug Pelton and authorize the President of the Commission to execute a purchase agreement for same. Seconded by Mr. Hammer. Mr. Haas confirmed that salvageable items could be removed as long as it doesn’t cause any safety hazard. The motion was unanimously approved. Old Business Evan Lurie is in the process of getting the prototype signs made which will be placed on light poles in the Arts & Design District. Renovation Grants Mr. Olds has received a grant application from O’Malia’s Fireplace Shop, for work yet to be done. They still have a number of issues to be solved, including Plan Commission approval and an easement from the CRC. It was suggested that action on this application be tabled until it is more clear what they will actually be doing. Arts District Arches The construction of the arches is now scheduled to be completed by April 30. Mr. Olds said a change will be made in procedures with any work which is being done by CRC’s contractors will have to get administrative approvals from DOCS. No fees will be charged, but this way all the City agencies will be aware of what is being done. Regular inspections will occur but no fees will be charged. New Business None CRC Minutes 3/15/05 5 Next Meeting will be Tuesday, April 19, 6:30 p.m. Executive Session, 7 p.m. regular meeting. Adjournment Mr. Sharp moved for adjournment. Following a second by Mr. Hammer, the motion was unanimously approved and the meeting adjourned at 8:45 p.m. Z:\redevcomm\2005\March 15 Minutes