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HomeMy WebLinkAboutCRC-08-18-08CRC Meeting, August 18, 2008 1 CARMEL REDEVELOPMENT COMMISSION Meeting, Monday, August 18, 2008 President Ron Carter called the meeting to order at 8:33 a.m. Commission members Jeff Worrell, Carolyn Anker and Rick Sharp were present, constituting a quorum. Also present were Karl Haas, Sherry Mielke, Andrea Stumpf, and Matt Worthley. Others present: Bruce Donaldson, Ersal Ozdemir, Rick Osborn, Jerry Heniser, Joe Pieters Approval of Resolution 2008-6 Mr. Carter read a summary of Resolution 2008-6 for the benefit of all present. The summary reads: The Carmel Redevelopment Commission desires to amend the current Old Town Economic Development Area and Plan to: 1) Designate the city block that will become the Arts District Lofts & Shoppes project as a TIF allocation area, and 2) Add a proposed parking garage in that block as an eligible project under the Plan. Mr. Worrell questioned the sum of $13 million for the project. Ersal Ozdemir, Keystone Construction, explained the scope of work for the garage including: authorization of the demolition of the buildings, site work for environmental conditions, excavation of the buildings and building the parking garage from concrete including the foundation. Mr. Haas further explained that $13 million is a construction estimate comprised of two portions: 1) a $5 million portion supported by the proceeds from the issuance of the TIF bonds, and 2) an $8 million portion supported by the installment of purchase contract between the CRC and Keystone Construction for the entire garage. The portion to be covered by the CRC installment contract will be “capped” at $8 million. The remainder is a gap to be filled by the TIF Bond proceeds. Ms. Anker moved to approve Resolution 2008-6 approving an amendment to the Declaratory Resolution and the Integrated Economic Development Plan by: 1) Designating a portion of the Economic Development Area, as described in Exhibit A, as an ‘allocation area’ under Section 39 of the Act known as the “Arts District Lofts & Shoppes Tax Allocation Area,” and 2) Adding the project as follows: the design, construction and equipping of a multi- level parking facility to be located in the Allocation Area, at a current estimated cost of $13,000,000 (as stated in Exhibit B). Seconded by Mr. Worrell and unanimously approved. Old Business No old business at this time. CRC Meeting, August 18, 2008 2 New Business Mr. Sharp inquired about the timeline of the project agreement between the CRC and Keystone Construction regarding the Parcel 47 Arts District Lofts project. A project agreement will not be prepared for the August 20, 2008 meeting, but should come before the Commission at the September 17, 2008 meeting. October 1, 2008 is the required closing deadline, unless an extension is requested. Keystone Construction would be responsible for the extension. Mr. Carter requested the CRC set up guidelines similar to those of the City Council for submission of agenda items and the production of agendas. He suggested setting a policy stating all agenda items must be in no later than Wednesday at Noon, a week prior to regularly scheduled meetings. The agenda should be provided to the President of the CRC by Thursday morning to be approved. Packets will go out to Commissioners no later than Friday, close of business. Mr. Worrell questioned the policy for agenda add-on or emergency items. Mr. Sharp suggested the CRC Staff adopt and adapt the City Council’s ordinance and procedures and change to fit the CRC’s needs. Mr. Carter requested the matter be discussed at the August 20, 2008 meeting so action can be taken. Adjournment Mr. Sharp moved the meeting be adjourned and seconded by Mr. Worrell. The meeting was adjourned at 8:45 a.m.