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HomeMy WebLinkAboutCRC-12-15-04CRC Meeting, December 15, 2004 1 CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, December 15, 2004 The meeting was called to order by Vice President Ron Carter at 7:04 p.m. Commission members Rick Sharp and Bill Hammer were present, constituting a quorum. Also present were Mayor Brainard, Evan Lurie, Les Olds, Karl Haas and Dan Moriarity. Sherry Mielke and Phyllis Morrissey as support staff. Approval of Minutes Mr. Hammer moved for approval of the November 16, 2004, minutes. Following a second by Mr. Sharp, the motion was unanimously approved. Mr. Hammer moved for approval of the December 2, 2004, minutes. Following a second by Mr. Sharp, the motion was unanimously approved. Financial Matters Resolution 26-2004 Mr. Haas presented a resolution stating that the CRC acquire property at 302 Pintail Court for $336,250.00, as part of the Illinois Street extension project which was financed with the Illinois Street bond. This price is the exact average of the two appraisals. Mr. Sharp moved for approval of the resolution. Following a second by Mr. Hammer, the motion was unanimously approved. Cash Flow Report Ms. Mielke reported the November cash balance is $2,116,723. She has received verbal confirmation from New York bank that the remaining balance in the draw down BANS is $1,420,020. Total resources between cash balance and bonds is $3,536,743. In December we will be expecting TIF revenue of almost $1,800,000 and a debt service of about $487,000 so our net increase for TIF revenue should be $1,300,000. This should be received by December 30. It was noted the Pedcor closing should also occur in December. Ms Mielke distributed a Budget Comparison Report and a spreadsheet of professional services rendered. Discussion followed. Ms. Mielke distributed a report of Projected 2005 Expenses. Further discussion. Invoices Invoices were submitted totaling $280,848.75. Mr. Sharp moved for approval of the invoices. Seconded by Mr. Hammer. Mr. Carter questioned an invoice for a dinner with a consultant. After explanation, noting liquor was not part of the bill, the invoice was included with those submitted. The motion was then unanimously approved. CRC Meeting, December 15, 2004 2 Cinergy Mr. Olds pointed out a letter from Cinergy outlining the costs of relocating the overhead power lines in Parcel #5. At this time the overhead lines will continue to the north side of the fire station and at that point turn west with an overhead line down to the Monon Trail. The pole is mounted at the edge of the Monon Trail and then the wiring goes under- ground along the edge of the trail all the way through and underneath City Center Drive. It then pops back up again at Mohawk Place and goes back to the original lines. That’s the shortest run and it involves 4,000 lineal feet of high voltage cable. The estimated cost is $1,855,000 which includes an estimated $654,000 for materials. Cinergy will not move forward without a signed agreement from us that we will pay these costs. We are obligated to Pedcor to move the power lines as soon as possible because they are in the middle of the construction area. The timing for materials is 8-9 months from placement of order. Cinergy will bid the work out and come back to us with a recommendation for awarding the bid. At that time they will expect us to pay a deposit, the total cost of the cable. An electrical engineer hired by Mr. Olds is checking the prices of the wire. Another source for the wire is being researched. Further discussion followed about Cinergy and related problems. Mr. Sharp moved the CRC execute the letter of agreement with Cinergy. Mr. Hammer seconded the motion. Discussion followed. Call for the question. The motion was then approved unanimously. Update on Properties Parcel #2 Pedcor’s office is totally enclosed. Enclosure around the lift station is moving slowly because of the custom pieces for the curved wall. Mr. Sharp asked about skating on the reflecting pool. Mr. Olds reported Dave Brandt will be doing some repair work and then put up some barricades at this point. Mr. Hammer suggested temporary signage be installed in the Pedcor office areas to better direct the traffic. Parcel #5 Pedcor presentation will be ready for January meeting which will be changed from the 18th to the 25th. The bids for demolition of Parcel #12 and Parcel #13 will be re- advertised to be opened on the 25th. Mr. Haas said he will have documents ready for signing by Mr. Carter tomorrow. Parcel #7, Performing Arts Center Basic site design being done to coordinate with Parcel #5 commercial area. One example was presented. CRC Meeting, December 15, 2004 3 Mr. Olds explained about various methods of stormwater storage. Discussion followed. Mr. Carter expressed concern about how the Monon Trail “fits into” the overall plan for Parcel #5. Mr. Carter asked if there would be a need for the Commission to look at already built performing arts centers. Mayor Brainard said that is not known yet. He noted the information which was sent to Commission members. Discussion followed about funding, construction and operating costs. Parcel #8, AMLI Old Town Mr. Olds will have AMLI’s representative at the next meeting to report on the status of the project leasing. Bazbeaux Pizza has signed a letter of intent to locate in Old Town. A survey is being done to determine total number of parking spaces in Old Town. Mr. Carter noted the importance of communicating with existing Old Town merchants, “because they are salespeople for us, too.” There will be an Old Town merchants association formed. Mr. Lurie reported on his recent work in the Old Town area, noting suggestions he has made to merchants. He proposed that Parcel #12 become a design center with the center being a mart and having small retail storefronts wrapped around it and have underground parking. He suggested a walking path be created beside the Monon so people won’t be dodging bicycles, noting this will be the main link. Appraisals are being requested for the Old Town Tavern property. A website will be created to help market the district and it will have links to all the existing businesses, it will explain the services the district will provide, the proposed design mart, referral service. First rights of refusal will go to businesses in the Indianapolis area then the offerings will be expanded further. Parcel #9, Chris Reid Power is now available in the building. Parcel #10 Still have a couple of punch list items to complete on Shapiro’s Phase II. Parcel #12 Mr. Olds asked for permission to do an RFP on Parcel #12. Mr. Sharp moved the CRC authorize Mr. Olds to prepare an RFP on Parcel #12, loosely described by Mr. Lurie, but delay in advertising and releasing it until such time and after consultation with legal CRC Meeting, December 15, 2004 4 counsel it is determined that it will not jeopardize our legal position with Payless. Discussion followed. Mayor Brainard announced we will have a nationally sanctioned barbecue festival which will be held at City Center the weekend before the Indy 500. This is being organized by Greg DeWitt, Shapiro’s manager, whose hobby is sanctioning barbecue events around the country. The grounds will be reserved for this. There will probably be twenty people who will be competing for a $10,000 purse. Mr. Lurie noted he has a meeting scheduled to discuss sculptures for the City, including some for plazas, City Center, surrounding areas, and the Monon. Mr. Carter noted the importance of keeping Parks Director, Mr. Westermeier, in the loop on this. Call for the question. Mr. Sharp’s motion was seconded by Mr. Hammer. The motion was then unanimously approved. Parcel #13 No bids were received from developers for the project, but Pedcor has expressed an interest. Mr. Olds has requested a proposal from them. Parcel #20 Relocation of the Carmel Arts Council building and garden is underway. Included will be diagonal street parking on First Avenue. Mr. Olds recommended Shiel Sexton be hired as construction manager for this project with the same fee schedule as Gilliatte. Total estimated cost for the project is $175,000. Mr. Sharp moved the CRC hire Shiel Sexton as construction manager for the Parcel #20 project and allocate up to $175,000 for the project. Seconded by Mr. Hammer and unanimously approved. Old Business Third Avenue Streetscape At Mr. Olds’ suggestion, Mr. Sharp moved to remove construction of the sidewalk along City Center Drive, subject to the Director of Redevelopment’s receiving a fair credit for work from the contractor and Pedcor accepting this credit amount as full payment for constructing the sidewalk. Following a second by Mr. Hammer, the motion was unanimously approved. New Business None Next Meeting will be Tuesday, January 25, 2005. Adjournment Motion was made, seconded and unanimously approved at 8:49 p.m.