Loading...
HomeMy WebLinkAboutCRC-04-29-09CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, April 29, 2009 President Ron Carter called the meeting to order at 6:42 p.m. Commission members Carolyn Anker and Jeff Worrell were present, constituting a quorum. Also present were Les Olds, Karl Haas, Sherry Mielke, Andrea Stumpf and Matt Worthley. Others present: Rick Osborn and Kevin Rider The Pledge of Allegiance was said. Extension of Stenz Contract – P. 21 Mr. Olds requested the contact for Carmel Arts LLC be extended for an additional year and that the costs for this contract will not exceed $127,000. The extension is requested due to the anticipated expiration of the construction loan of the project. Ms. Anker moved to approve the extension of the contract for the Carmel Arts LLC in an amount not to exceed $127,000 per calendar year and that this extension will be reevaluated in one year. Seconded by Mr. Worrell and passed unanimously. Contract to Hire REI Investments as Developer of P 7C Office Building #1 Mr. Olds explained that Pedcor Development has asked to be released as the developer of the Parcel 7C project. CRC staff recommends the CRC retain REI as the developer of the Office Building #1 as part of the Parcel 7C project. Mr. Olds gave an overview of REI Investment’s history and involvement with the Carmel community. The change in developer does not affect the project schedule. REI has already issued a new schedule based on the December 31, 2010 occupancy date for the Office Building #1. To meet the date, construction would need to begin September 1, 2009. Mr. Worrell moved to authorize the CRC President to sign a contract to hire REI Investments as developers of the Parcel 7C Office Building #1 with the fee yet to be determined. Seconded by Ms. Anker. The motion was passed unanimously. The fee will be a percentage fee based on the amount of risk REI takes on the project. REI Construction as Project Manager for Parcel 7C Mr. Olds explained the CRC, is current developer of the Parcel 7C project. Due to the magnitude of the project, there is a need for assistance with oversight, review and cost estimating for the project. REI as project manager/owners rep will oversee the various contractors, construction managers, design and engineers involved with the project to develop overall schedule and provide monitoring and cost estimating for the project. The overall review by the project manager will be separate from the development division of REI. Ms. Anker moved to authorize the President of the CRC to sign a contract to hire REI Construction LLC as the Project Manager/Owners Representative on the Parcel 7C Project, subject to successful contract negotiations. Seconded by Mr. Worrell and unanimously approved. REI as Construction Manager/Financing Agent for Parcel 16 Mr. Olds explained that Pedcor Company was the developer of the Old Town Shops I (Parcel 13) and has completed approximately 75% of Old Town Shops II (Parcel 16) of the project. There are currently two units available in the Phase II operation. Pedcor has asked to step aside and the CRC find another developer for the project to secure the construction financing currently in place. Mr. Worrell moved to authorize the President of the Redevelopment Commission to sign a contract to hire REI to provide Construction Management services and act as Financing Agent for Parcel 16 – Old Town Shops II, subject to successful contract negotiations. Seconded by Ms. Anker and unanimously approved. Mr. Worrell moved to amend the motion to state, “REI Investments” as suggested by Ms. Anker. Seconded by Ms. Anker and unanimously approved. Arts District Lofts & Shoppes Revised Schematic Design Ms. Anker moved to table the motion. Seconded by Mr. Worrell and unanimously approved. Lease with BobbyJohn, LLC and CRC for Construction Storage and Staging Ms. Anker moved to table the motion. 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. Worrell moved the meeting be adjourned and seconded by Ms. Anker. The meeting was adjourned at 7:00 p.m.