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Home My WebLink AboutCRC-09-17-08CRC Meeting, September, 17, 2008 CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, September 17, 2008 President Ron Carter called the meeting to order at'7.37-p.m. Commission members Jeff Worrell, Bill Hammer, Carolyn Ankei, Rick Sharp and Steven Backer were-present. constituiing:a quorum: Alw presentwere,Karl Haas,, Les Olds, Sherry Mielke,.Andrea Stumpf and Matt Worthley. Others present'. From Sheil Sexton Co.: Doug Adams, Mike Anderson, Torn' Plahitko From CSO Architects`. Brandon Bogan Others Present. Tom Pitman, Loren Matthes„RandyRiggs; AnnDerniody, David Doerr; Kevin Lavelle, Tom-Ko,otz, Steve Warne;,Tim,Gray Mark Butler, Pete Powers, Steve Pittman,:Nick Churchill, Rick Osborne Prior to the Executive Session; Stephen Backer was swom in as a non-voti'ng member of -the Cannel Redevelopment Commission in.accordance with-the new state law,. Bid Ouenifigs Bids,were opened for Parcel 67 STR.EETSCAPE, Indiana'Design Center (Parcel-l2). Mr. Butler with.Signattire, Construction-opened andlread thebids aloud. [See attached bid-tab sheet] Bids were opened for-PAC3id'P..ackage_46 - Performance Lighting/Sound and Communications. Mike Anderson of Sheil'Sext_on Co. opened and.read the bids aloud. [See attaehed.bid.tab sheet] Mr. Anderson distributed-an.image of a mock-up of atypical window for the PAC building witlt hand-carved limestone structure, deep red=fi•ame and tinted glass for the Commissioners' review. Public Hearintts Torn Litman with Baker and Daniels explained the,pubhc.hearing was part of the.process establishing the Economic Development Area,for the Legacy Project, The.CRC`had. adopted a declaratory resolution esfabtishing the`EDA area,,and followi€ig were approvals from both the Carmel Plan Commission and the City Council. The public hearing isJhc next step 'of the process. Steve Pittman ,with Pittman Partners, was presenvto;discuss the T1F request,forthe, Economic Development Area fonxhe Legacy Project. Mr. Pittman provided anupdaic on the progress of the project since receiving approval from the Cannel City Council. Upon the Mayors suggestion, the $3 million allotted fo'r the River Road improvements will begin at Prairie View and extend north as far as possible,,including the replacement of a bridge previously slated-to be improved'hy Centex Homes: Before the annexation ofthis area into Cannel, Centex.Homes:had'made a,comminnentto the.Hamilton.County- CRC Meeting, September 17; 2008 Highway Department (FICHD) to replace the bridge-fora cost of $500,000 with the monies given to HCHD:up front. After the annexation of the. area -occurred, the HCHD did"not use the allocated hinds to reconstruct tile bridge since the area was then under Carmel jurisdiction. Pittman Partners approached the, Hamilton County Commissioners who have since agreed to assign Their interest to-Carmei and,pttrsue the recovery of those dollars,for the bridge replacement. Once the mbnies are recovered, Pittman Partners has some. suggestions ofwhere the additional funds could beused for upgrades in the project One ophowisto continue the River Road improveincnts_'north to the Hamilton Couiity cross'scction at an estimated total cost of$600,000 Another option is to construct wroundabout,,at;Cheriy Creek Blvd. and Hazel Dell Parkway. Mr. Hammer asked ,that Tom.Pitman explain the requirements under the Indiana Econoiriic Development lath for econonic?developmenhareas?(EDA) and what standards need to be met-to qualify'and.how those-are different from a.blighted area. Mr.. Pitman explained the standards for an economic development area:areles.er than fora blighted area. An EDA will provide stimulation to the economy in.and.area-and promote growth tlrrough,job attraction, job retention, production, etc. The Legacy Project contains such areas. af;;t}ie 4O,acres; thesite to thenorth adjacent to 146'1' Street will have significant office, retail and multi-family uses that.will contribute:to the TIF, Mi. Worrell questioned the transition firom the road improvements of the Legacy Project to the roadway owned by Hamilton County. Mr. Pittman explained the River Road will be constructed' with two lanes and a inedian including a left turn lane for commercial areas. Mr. Sharp inquired alout',the caleulateilprojections of..funds, to bond out ofthe,TIF revenue. Ms. Matthes explained,the,net.fands-available?are approximately $R million; Mr. Sharp requested an overview of the use of the remainder of the funds. Mr. -Pittman gave,arroverview of the overall,developnent including the River Road and Cherry Creek Blvd. upgrades, wetlands park and nature preserve and the corilniunity drive streets. Discussion'ensued regarding the details of"the.project. [Rick Sharp leaves at 8:29,p.m;] Ms. Anker requested-ihat.;Ms. Matthes fliscussthe'cost analysis of the impact to the tax payer based out he differing costs to develop theroads. Ms. Matthes explained the comparison between the bond costs proposed-with the TIF Bond and the possibility the roads having to be funded,m-a different'way such •a p"roperrytax type bond issue. Whether the.TlF•revenues are captured to improve the road.. or the.road'is improved by a different bond issue, it is the same, Impact to the tax payers. The benefit by establishing the TiF for the4Legacy Project is that the City of Carmel-takes no risk since;.the developer CRC Meeting, September 17, 2008 issues the bond. If the area doesn't develop, the bonds have to be paid off by the developer and not the TIF. [Steve Backer leaves at 8:39 p.m.] The public hearing was opened at 8:45 p.m. No one was present to speak either in behalf or opposition of the proposal. The public hearing was closed at 8:46 p.m. Mr. Carter explained he has been in contact with John Duffy, Director of Cannel Utilities, who does not have any questions regarding the project, and Mike McBride, City Engineer, who has a few issues that need to be discussed: Mr. Carter suggested the Mr. Haas and Mr. Pittman meet with Mr. McBride to discuss the issues. Mr. Hammer moved to table the resolution with the request that Cheery Tree Elementary be consulted in regards to the presence of a left turn lane from River Road. Seconded by Mr. Worrell and passed unanimously. Approval of Minutes August 18, 2008: Moved for approval by Mr. Worrell, seconded by Ms. Anker and passed unanimously. August 20, 2008: Moved for approval by Mr. Hammer, seconded by Mr. Worrell and passed unanimously. Finanacial Matters Ms. Mielke announced the August end of month operating balance for the CRC Operating Balance is $7,304,033.01. TIF distribution was received at the end of August in the amount of $6,161,863. The original projection was $4.9 million. Ms. Mielke requested the Commission's approval to pay invoices for the CRC General Fund in the amount of $352,341.38. Mr. Worrell moved to approve CRC General Fund claims as submitted. Seconded by Ms. Anker and passed unanimously. Sherry Mielke requested the approval of the Disbursement of Funds from the PAC Construction Fund in the amount of $2,201,844.71. Moved for approval by Mr. Hammer, seconded by Ms. Anker and unanimously approved. Committee Reports Mr. Olds reported the CRC Plan Review Panel is scheduled to meet September 18th at 3 p.m. to review the Parcel 7C Design Development package consisting of the theatre, garage and series of office buildings. It was noticed as ,a public meeting. Update on Properties Mr. Worrell questioned the progress of City Center. Mr. Olds reported that weekly meetings with the developer occur. The developer is timing his project to have the grand CRC Meeting, September 17, 2008 opening at the same time as the-PAC in the fall of 2010. The developer isworking on the first and second' phase ofthe:project and awaiting Ipproval.ofthe design. Mi. Carter requested a tuning concert takeplace prjorio the opening of file PAC concert hall. Mr. Olds ieported4lie acousticians will take,possession of the concert hall _for up to three months,to test the acoustics of the hall. A,series of concerts will takc?place to measure tile success of the acoustics to meet the expectations of the CRC, Old Town Arts &,Design District Ms. Mielke reported the Arts.& Design District i"s preparing for the Carmel International. Arts,Testival on September 27°i and 28`x'. Two,new businesses. Sheila's Studio Spa and Serendipity have opened in the,-area.: A new bakery, Creme de la, Cr6rne is scheduled to open later that week. A Gallery Walk/Gallery Association page was added to the website. Old Business The approval'of Resolution 2008-8 declaring the Legacy Project EDA was tabled: earlier in the evening. New Business Main Street Evem,Electricat Panel Boards Mr. Olds expianiM tine need for power for events; along gain Street,. Currently, there is not adequate power for the vendors with electrical needs. The'suggestion.is;to install ground-mounted panel boards witli 120V and.240V to provide adequate power. Some panels will be mounted on buildings ar.adjacent power poles:. Ms. Anker moved to authorize Mr. Olds to pmeced forward,in coming up with the proper design conceptin order to allow bids to be placed and costs estimates to be obtained.and comeback to the Commission for a final decision on whether,or not to spend funds.for the utilities in the Arts & Design Disttict,per his suggestion. Seconded by-Mr. Hammer and unanimously approved. Other Business There was no other business to come before the Commission at this time.. Announcements There were no announceriments., Adjournment' Ms. Anker moved the meeting be adjourned was adjourned at 9:06 p,m. and seconded-by Mr. Worrell. Tle,meeting 4