Loading...
HomeMy WebLinkAboutCRC-04-19-05CRC Minutes 4/19/05 1 CARMEL REDEVELOPMENT COMMISSION Meeting, Tuesday, April 19, 2005 The meeting was called to order by President Ron Carter at 7:10 p.m. Commission members Bob Battreall, Rick Sharp and William Hammer were present, constituting a quorum. Also present were Mayor Brainard, Karl Haas, Les Olds, Dan Moriarity, Brandon Bogan, Karl Meyer, Steve Brown, Lynn Wall, Dan Newberry and several other people representing bidders. Phyllis Morrissey and Sherry Mielke as support staff. Approval of Minutes Mr. Hammer moved for approval of the minutes from the March 15, 2005, meeting. Following a second by Mr. Sharp, the motion was approved with three in favor. Mr. Battreall abstained. Bid Openings Parcel #4 and Parcel #11 Pedcor submitted a combined bid for the two parcels for $775,000.00. City Center Opportunities, LLC submitted a bid for Parcel #11 for $275,000 and for Parcel #4 for $425,000. The bids will be evaluated and a recommendation will be made at the next CRC meeting. Parcel #5, Site Preparation Base bids for the entire project were received from Crider & Crider for $650,000, Dawson, Inc. for $538,800, Milestone Contractors for $542,800 and Gradex, Inc. for $634,900. The bids will be evaluated and a recommendation will be made. It was noted that the original budgeted price for this work was $450,000, but several other items have been added since that time. Discussion followed. Resolutions Resolution 3-2005, for intergovernmental transfer of property, 30 West Main Street [Former site of the Arts Council building]. Mr. Sharp asked if there were any current plans for this vacated site and was told not at this time. Mr. Hammer moved for approval of Resolution 3-2005. Following a second by Mr. Battreall, the motion was unanimously approved. Resolution 4-2005, for intergovernmental transfer of property, 21 S. Range Line Road [Site of the former Old Town city park]. Mr. Hammer moved for approval of Resolution 4-2005. Following a second by Mr. Battreall, the motion was unanimously approved. CRC Minutes 4/19/05 2 Mr. Carter thanked Mr. Olds for overseeing the moving of the slate from the park site and installing it south of the City Hall parking lot. Mr. Battreall recommended a letter be sent to the Street Department commending them for all their work. Financial Matters Ms. Mielke reported the March 31, 2005, fund balance is $4,750,682 with $351,466 in the 2004 Draw Down BAN, so total resources available is $5,102,148. Ms. Mielke reported Loren Matthes and Bruce Donaldson are still negotiating for the renewal of the 2003 BAN, with a projected closing around July 15. They have asked that if we are interesting in activating the 2005 BAN, they be given a 30-60 day window for closing. Mr. Olds noted that is actually the 2004 BAN. Discussion followed about the funds which will be needed later this year. Mr. Olds recommended we activate the 2004 BAN so we have the funds available as needed. He distributed a schedule of costs from Pedcor for the City Center project. He asked the CRC members to review it and it will be discussed and acted upon at the next meeting. Invoices Invoices were received for a total of $1,038,194.41. Included in this is the invoice for the prepayment on the electrical cable for $645,000. Discussion followed. Mr. Battreall moved for approval of the invoices as submitted. Following a second by Mr. Hammer, the motion was unanimously approved. This is Ms. Mielke’s last CRC meeting since she is moving out of state. Mr. Carter thanked her for all the financial work for the CRC these past few years. Update on Properties Parcel #2, Pedcor Mr. Olds reported Pedcor has nearly completed their corner area. Site preparation has begun for their fourth office building. Parcel #2, Kosene Mr. Olds has received no report from Kosene despite repeated calls. Mr. Cordingley told Mr. Olds that he was told the townhouses are nearly sold out. All Phase I buildings have been started. There are only two phases in the project. The contracts will be checked to see what the conditions are for start date on the second phase. It was recommended that future purchase agreements include a condition requiring reports to the CRC from developers on a regular basis. CRC Minutes 4/19/05 3 Parcel #2, Veterans’ Plaza The site has been seeded and the irrigation system turned on. Punch list inspection will occur in May. City staff responsible for maintaining the area will be on hand for training at that time. Veterans signed the revised contract for the casting of the sculpture. They have requested of the Mayor that the CRC serve as the back-up source for payments in case their funds run low. Discussion followed. Mr. Sharp moved the CRC serve as a “court of last resort” to loan money to the Veterans’ group to finish the project. Mr. Hammer seconded the motion. Discussion followed. Mr. Hammer amended his motion requesting the veterans keep Mr. Olds informed of their finances and that the CRC make no more than two consecutive payments. Agreed by Mr. Sharp. Mr. Olds will bring their financial report to the CRC meetings, noting they will be told to give advance notice if money will be needed. Call for the question. The motion was then unanimously approved. Parcel #4 Mr. Haas said he expects the CRC to accept a bid on this parcel at the next meeting with a project agreement to follow at the June meeting. Parcel #5 Mr. Haas stated the CRC needs to offer Parcel #5D for sale. The average appraised value of this parcel is $425,000. Mr. Battreall moved Parcel 5D be offered for sale. Seconded by Mr. Hammer and unanimously approved. Mr. Olds received the final environmental documentation on Parcel #5 from SESCO and the package has been submitted to IDEM requesting that they provide a letter to the CRC stating no further action is required on this site. As part of the project agreement, CRC needs to provide a traffic study. One is being ordered for a number of areas by the City Engineer and Mike Hollibaugh, so they will include our project in that. Mr. Olds stated that Pedcor will begin their site work once CRC’s site preparation is complete. Discussion followed about Cinergy issues. Bid tallies for the site preparation on Parcel #5 were distributed. Mr. Olds stated that the CRC cannot wait until the May meeting to approve the bids because of the time constraints. Mr. Sharp moved the CRC authorize the President of the Commission to execute a contract with the low bidder as recommended by the Director provided the bid amounts CRC Minutes 4/19/05 4 presented here this evening do not change. Following a second by Mr. Battreall, the motion was unanimously approved. Mr. Moriarity noted some changes which Pedcor might make and which would then possibly affect the site preparation bids. Parcel #7 Mr. Olds noted the CRC will be taking bids for the underground stormwater detention in May. Mr. Haas stated the CRC needs to offer Parcel #7C for sale. The average appraised value of this parcel is $810,000. Mr. Hammer moved this parcel be offered for sale. Seconded by Mr. Battreall and then approved with three in favor. Mr. Sharp abstained. Mr. Haas recommended the CRC offer Parcel 7B at the average appraised value of $475,000, noting we would not be obligated to accept any of the bids. This would put the CRC in a position to negotiate a private disposition of that piece in the event projects on 5D or 7C encroach on 7B. So moved by Mr. Hammer and seconded by Mr. Battreall. Discussion. The motion was then approved unanimously. [Departure of Rick Sharp.] Parcel #10 A new broker has been hired to market this parcel. Mr. McComas has told Mr. Olds that they plan to start the building even if they don’t have a tenant. Parcel #11 Bids were received for this parcel. Mr. Haas stated that at the next meeting we will have a recommendation on which bid to accept. The goal is to then have a project agreement ready for approval at the June meeting. Parcel #12 Mr. Olds reported demolition is complete on the O’Malia property. Payless Liquor property issue is ongoing. The court set a valuation of $400,000 on the Amoco property, versus our original appraisal of $210,000. Mr. Haas requested an environmental clean-up cost for the site, with high, medium and low range estimates, which would help with the negotiations. Parcel #13 Demolition work is complete. We are getting soil borings on the site to determine compaction before the site is turned over to Pedcor. We have signed a right-of-entry with Pedcor which allows them to move on the site. Their schedule is to pour foundations for the buildings by June 15. Mayor Brainard asked that an unveiling ceremony be scheduled. Pedcor will put up signs showing renderings of the buildings and listing members of the CRC. CRC Minutes 4/19/05 5 Mr. Haas presented the Parcel #13 project agreement and asked for approval. Mr. Carter asked for clarification on some points. Discussion followed. Mr. Hammer moved the CRC approve the project agreement with Pedcor. Following a second by Mr. Battreall, the motion was unanimously approved. Old Business Mr. Olds distributed a lease list for AMLI’s project. The Bazbeaux Pizza owners are still questioning the parking availability. Mr. Olds sent them a draft of the parking map for the Arts & Design District. Discussion followed. Next Meeting will be Tuesday, May 17, 6:30 Executive Session, 7 p.m. regular meeting. Adjournment Mr. Battreall moved the meeting be adjourned. Following a second by Mr. Hammer, the motion was unanimously approved and the meeting adjourned at 8:48 p.m. Z:\redevcomm\2005\April 19 Minutes