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HomeMy WebLinkAboutCRC-06-30-09CARMEL REDEVELOPMENT COMMISSION Meeting, Tuesday, June 30, 2009 President Ron Carter called the meeting to order at 7:08 p.m. Commission members Bill Hammer, Jeff Worrell and Greg Philips were present, constituting a quorum. Also present were Karl Haas, Les Olds, Sherry Mielke, Andrea Stumpf, Matt Worthley and Don Cleveland. Others Present: Rick Osborn, David Arrensen The Pledge of Allegiance was said. Resolution 2009-6: Condemnation of Nelson Corner Property (Parcel #92) Mr. Hammer moved to approve resolution 2009-6. Seconded by Mr. Worrell. Mr. Worrell noted that CRC staff has made tremendous effort to work with the owner of this parcel, which could not be used for any other purpose. Negotiations have gone nowhere and the owner has not cooperated which has caused the CRC to take this action. The motion was unanimously approved. Resolution 2009-7: Installment Loan Contracts for Parcel 7C Garage Mr. Haas stated this was another installment in the series of approved loans initiated with the money provided by Regions Bank. These loans allow work to start on the parking garage for Parcel 7C and leave the Regions Bank balance at approximately $11 million. Mr. Carter stated the parking garage for P. 7C was an integral part of the City Center project and is the reason the CRC is moving forward with the garage using TIF dollars that would have been otherwise utilized for other projects. Mr. Worrell moved to approve the installment contract for the Parcel 7C garage. Seconded by Mr. Hammer. Mr. Worrell stated he was disappointed the City Council chose not to move forward on the garage resulting in the CRC having to curtail certain projects in order to ensure the garage is built. The motion was unanimously approved. Supplemental Land Acquisition with BJS and First Financial Bank Mr. Haas explained this was an agreement in which the CRC would acquire a number of rights and interests in regards to the BJS property including a strip of land along Range Line Road suitable for parallel parking. This would also provide an interest in the overall property which would allow the CRC the option to expand a parking structure if needed as well as give the CRC an interest in the property which would give them the ability to control changes in use of the property. Mr. Olds stated the land along Range Line Road falls into the CRC’s master plan of adding parallel parking and would be needed at some time in the future. Mr. Hammer moved to approve a resolution authorizing the President of the Commission, at his discretion, to sign a purchase contract with Brian J. Shapiro and First Financial Bank for the acquisition of property along Range Line Road with year one at $30,000 down and $60,000 per year per contract (not to exceed five years). Seconded by Mr. Worrell and passed unanimously. Resolution of 2009-5: RE: Keystone Ave. 96th Street to 146th Street Improvement Project Mr. Arrensen, with Baker & Daniels, was present to explain the resolution. Baker & Daniels is working to release $2.5 million remaining from a bond issue regarding a large litany of road projects that was sold in 2006. At a meeting earlier this evening, the Carmel Redevelopment Authority approved to add Keystone Avenue to the list of road projects that can be financed with this bond. This satisfies the bond trustee whose interest is that the money is being released properly. [Mr. Carter reads the summary of Resolution 2009-5]. Mr. Worrell moved to approve Resolution 2009-5 in the form of the Second Addendum to the Lease between the Carmel Redevelopment Commission and the Carmel Redevelopment Authority. Seconded by Mr. Hammer and unanimously approved. PAC Foundation Grant Mr. Carter stated the Carmel Redevelopment Commission has been fortunate to retain the renowned Michael Feinstein in the positing of Artistic Director of the Performing Arts Center, and explained it is necessary to provide additional funding to hire an Executive Director and support staff for the operations of the facility. The funding source for this grant will be excess funds from a higher than anticipated TIF distribution, currently scheduled to be received on July 27, 2009. The TIF is $1.6 million higher than anticipated. The CRC is looking to approve a grant for $400,000 to the Regional Performing Arts Center Foundation. Mr. Hammer moved for approval in memory of his next door neighbor, Alice Akins, longtime member of the Indianapolis Symphony Orchestra, who had passed away the previous week. Seconded by Mr. Worrell and unanimously approved. Old Business No old business at this time. New Business No new business at this time. Adjournment Mr. Hammer moved the meeting be adjourned and seconded by Mr. Worrell. The meeting was adjourned at 7:30 p.m.