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HomeMy WebLinkAboutCRC-05-17-05 (2)CRC Minutes a.m. 5/17/05 1 CARMEL REDEVELOPMENT COMMISSION Meeting, Tuesday, May 17, 2005 President Ron Carter called the meeting to order at 8:02 a.m. Commission members Rick Sharp and William Hammer were present, constituting a quorum. Also present were Les Olds, Bruce Donaldson and Steve Brown, Pedcor. Phyllis Morrissey as support staff. Resolution 5-2005 City of Carmel Redevelopment Commission Approving an Amendment to the Declaratory Resolution and the Amended Redevelopment Plan for the City Center Redevelopment Area Mr. Donaldson explained this resolution is to remove the proposed Pedcor development area from the current City Center area and create a new TIF area for them since they will be buying their own bonds and using their own TIF to pay for them. This also has the advantage of starting a new 30 year period. Step One on this is a public hearing and a resolution. The value base goes back to March 1st of this year. Question was asked whether the CRC can replace this removed area with a new area without going through the four step process. Discussion followed. Further research is needed to determine this. The public hearing for Resolution 5-2005 was opened at 8:15 a.m. There was no one present from the public to speak for or against the resolution. The public hearing was closed at 8:16 a.m. Rick Sharp moved for approval of Resolution 5-2005. Following a second by Mr. Hammer, the motion was unanimously approved. Other Matters Resolution 6-2005 Resolution of the City of Carmel Redevelopment Commission Declaring an Area in the City of Carmel as an Economic Development Area and Approving an Economic Development Plan for Said Area This is a declaratory resolution to create the above removed area as a new economic development area which will be called Carmel Downtown Economic Development Area for the Pedcor project. An economic development plan was presented. Mr. Donaldson said this is the first step in the four step process. Step Two will be at the Plan Commission tonight and then Step Three will be City Council. The final step will be back at the CRC to for a confirmatory resolution. It was decided it will be brought to City Council on June 20. Mr. Sharp moved for approval of Resolution 6-2005. Following a second by Mr. Hammer, the motion was unanimously approved. CRC Minutes a.m. 5/17/05 2 Adjournment Mr. Hammer moved the meeting be adjourned. Following a second by Mr. Sharp, the motion was unanimously approved and the meeting adjourned at 8:20 a.m.