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HomeMy WebLinkAboutCRC-05-21-08CRC Meeting, May 21, 2008 1 CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, May 21, 2008 President Ron Carter called the meeting to order at 7:06 p.m. Commission members Jeff Worrell, Bill Hammer and Carolyn Anker were present, constituting a quorum. Also present were Karl Haas, Mayor Brainard, Les Olds, Sherry Mielke, Andrea Stumpf, Matt Worthley and Darrell Norris. Others present: From CSO Architects: Brandon Bogan From Shiel Sexton: Mike Anderson From OMNI Productions: Jim Mullet Contractors and members of the public or press: [See sign-in sheet for detail.] Francesca Jarosz, Richard Osborn, Kevin Rider, Jeff Qualkinbush, Nick Churchill, Steve Pittman, Pete Powers, Lauren Matthes, Tom Pitman Presentations Steve Pittman, Pittman Partners, gave a presentation on the Legacy Project Economic Development Plan and requested the approval of the establishment of a TIF district for the project area. The project consists of a mixed use community with housing options ranging from apartments to high-end homes, retail and service components, a wetlands area and alternative transportation and bike paths. The TIF area consists of improvements to River Road and the construction of additional north-south and east-west collector/connector streets. This project support of TIF amounts to $8.685 million with $6.4 million in improvements, with the bonds backed by Pittman Partners. Loren Matthes, Umbaugh & Associates, presented the preliminary TIF numbers and projections for the Legacy Project. The project financing would be funded by an economic development revenue bond, with Pittman Partners backing the bonds. The length of the bond is 20 years with no additional tax rate included. In addition, the accessed value of the commercial sections contributes to the tax base. Discussion ensued. Tom Pitman, representing the bond council, restated and clarified that the resolution needing the Commission’s approval that evening is a preliminary resolution initiating the process to create the TIF district for the project. The resolution declares the area subject to further approvals by the Plan Commission, Council and at a Public Hearing. Ms. Anker moved that the Commission approve the creation of the economic development area in Carmel as outlined in the Legacy proposal under the provision and the condition that a suitable reimbursement agreement be put into place. Seconded by Mr. Worrell and unanimously approved. Approval of Minutes April 16, 2008: Ms. Anker moved for approval, seconded by Mr. Worrell and unanimously approved. CRC Meeting, May 21, 2008 2 April 24, 2008: Ms. Anker moved for approval, seconded by Mr. Worrell and unanimously approved. April 30 – May 2, 2008: Mr. Worrell moved for approval. The motion was suspended. The chair can not second the motion and Ms. Anker and Mr. Hammer were not in attendance at the meeting. May 14, 2008: Mr. Hammer moved for approval, seconded by Mr. Worrell and unanimously approved. Finanacial Matters Ms. Mielke announced the April end of month balance for the CRC General Fund is $3,087,003.00. Ms. Mielke requested the Commission’s approval to pay invoices for:  CRC General Fund in the amount of $318,781.19. o Mr. Hammer moved for approval, seconded by Ms. Anker and unanimously approved.  Brookshire Golf Course claims in the amount of $83,838.28. o Mr. Hammer moved for approval. Seconded by Mr. Worrell and unanimously approved.  Disbursement of funds for the PAC construction fund in the amount of $2,899,854.81. o Ms. Anker moved for approval. Seconded by Mr. Hammer and unanimously approved. Ms. Mielke reported a change in the TIF distribution forecast. The State Board of Accounts does not anticipate a distribution of the intermediary settlement until September 15, 2008 due to the August 4th tax due date. Loren Matthes gave a presentation regarding a recent change to the TIF law. It is now a requirement that the CRC notify the county auditor by July 15th whether they are or are not going to pass through the excess value. The city council and officer of the overlapping taxing units must be notified as well. Committee Reports Mr. Olds stated there were no committee reports at this time. Update on Properties Ms. Anker questioned the comment included in the Commissioner’s Notes regarding daily checks on the crane located at Parcel 5. Mr. Olds reported there was no history with issues and the safety checks resulted from current events. Old Town Arts & Design District CRC Meeting, May 21, 2008 3 Ms. Mielke announced upcoming events taking place in the Arts & Design District. A new chocolatier is now located within The Mystery Company bookstore and the window flower boxes have been installed. Old Business Mr. Worrell questioned the status of parking for the Old Town Shops I & II parking lot. Mr. Olds reported the framework for the parking signs has been installed and the City Engineer’s Office is completing the paperwork and proper legal documents will be carried out by the City Attorney. New Business Approval of Resolution 2008-4 Due to the cessation of work by The Frank Irish Company, Inc., in the public work project known as the Performing Arts Center, it is necessary to contract for Plumbing and HVAC Piping work for completion of Bid Package 4290 and 4300. Mr. Carter reported that the CRC is covered in this issue due to the existence of bonds on the project. The only downside is possibly losing two weeks on the construction schedule. The bonding company covers any additional costs accrued by the delayed project or increased bid of the next chosen contractor. Mr. Hammer moved for approval of Resolution 2008-4 pursuant to IC 36-1-12-9 as follows: a) Declare an emergency created by the cessation of work by The Frank Irish Company, Inc. (“Frank Irish”), in the public work project known as The Performing Arts Center; and b) that the Carmel Redevelopment Commission contract, without advertising for bids, the public work previously awarded to Frank Irish; and c) invite bids or quotes from the following persons, known to deal in the public word required to be done, and who previously submitted bids on the above named project; R. E. Griesemer, Inc., Real Mechanical, Inc., Dowton & West Mechanical Contractors, Inc., General Piping, Inc. and Leach & Russell Mechanical; with one caveat that the staff track any damages or additional costs that might accrue as a result of the delays or other consequences of this situation so we may seek recovery from the bonding company. Seconded by Ms. Anker and unanimously approved. Other Business There is no other business to come before the Commission at this time. Announcements Mr. Worrell announced that Spark Buttons are on sale at most merchants in the Arts & Design District. They are for sale at the Farmers Market as well. Adjournment CRC Meeting, May 21, 2008 4 Mr. Hammer moved the meeting be adjourned and seconded by Mr. Worrell. The meeting was adjourned at 8:34 p.m.