CRC-09-09-09 CRC Meeting September 9 2009
CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday,
September 9, 2009
President Ron Carter called the meeting to order at 7 00 p m Commission members
Carolyn Anker Jeff' Worrell and Greg Phillips were present constituting a quorum Also
present were Les Olds, Karl Haas Sherry Mielke, Andrea Stumpf and Matt Worthley
Others present
Rick Osborn Dan Morianty, Mike and Judy Anderson
The Pledge of Allegiance was said
Interest m Party Time Rental Property
Mr Haas explained the need for approval of an interest in the Party Time Rental property
in an amount not to exceed $1 million with terms and conditions that are satisfactory to
the President of the Commission Mr Haas gave an overview of the property appraisal
and location, and explained it was an integral piece in the overall development of Range
Line Road
Mr Worrell moved to approve the purchase for an interest in the Party Time Rental
Property, not to exceed $1 million with the terms to be approved by the President
Seconded by Ms Anker and unanimously approved
Purchase of 7C on Installment Contract
Mr Haas explained the P7C property is needed to complete several CRC projects in the
City Center area Office Building 500 seat theater and parking garage The offer is
consistent with the average value of two appraisals on the property
Ms Anker moved the Commission approve the purchase of the 7C property on
installment contract under the Master Loan Program in an amount not to exceed
$2,880,000 Seconded by Mr Worrell and unanimously approved
Purchase of 37 W Main Street (Chaos)
Mr Olds explained the need for the CRC to obtain the property as part of a master
parking plan located south of the property With the purchase of the property, an
unattached structure will be torn down and overhead utilities can be placed underground
for the surface parking area The reorganization of the parking lot which will create
approximately 135 additional spaces, is critical to the retailers and is estimated to
enhance the property values of buildings in the area Commitments have been obtained
from adjacent property owners to merge the surface parking areas A three -way liquor
license is included in the purchase and can be used at the discretion of the CRC to best
benefit the Arts Design Distnct
Mr Worrell moved the CRC approve the purchase of the property at 37 W Main,
commonly known as Chaos, on an installment contract of $400,000 and that we include
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CRC Meeting September 9, 2009
in the transaction, the three -way liquor license Seconded by Ms Anker and
unanimously approved
Parcel 62 Land Swan
Mr Olds explained the property owned by Mr Callabrese is the last piece needed for the
combined parking area located behind those buildings Possession of the property will
allow the CRC to install the ground mounted electncal cabinets to replace the overhead
transformers that will be removed when the utilities are placed underground Two
appraisals were completed for Mr Callabrese's property as well as two appraisals for
property owned by the CRC located directly behind Mr Callabrese's business As part of
the land swap agreement the CRC agrees to pay Mr Callabrese the difference between
the two appraised values in an amount of $70 250
Ms Anker moved the Commission approve the land swap for Parcel 62, plus an
additional $70,250 which is the difference of costs based on appraisals of the two
properties to be swapped Seconded by Mr Worrell and unanimously approved
Purchase of Gary Nelson Property
Mr Olds explained there was an additional piece of property needcd to obtain a quality
piece of property for future development to Include in an RFP of the Apostolic Church
site (Parcel 92) located on the northwest corner of Main Street and Old Meridian A
portion of the property was obtained by the City of Carmel through condemnation in
order to construction a roundabout at the intersection The remaining property is too
small to be used for future development Through the purchase of the property by a
developer, the CRC will be able to recover the original investment had on the property
and return the funds to the general account fund
Mr Anker moved to approve the purchase of the Gary Nelson property at the corner of
Main and Old Mendian, including attorney s fees Seconded by Mr Worrell and
unanimously appro‘ ed
Approval of PAC Substantial Completion Date
This item was withdrawn from the agenda
Old Business
No old business at this time
New Business
No new business at this time
Announcements
Ms Mielke announced three new Arts Design Distnct events including Artomobilia,
Dog Day Afternoon, Fall Gallery Walk and the Carmel International Arts Festival
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CRC Meeting September 9, 2009
Adjournment
Mr Worrell moved the meeting be adjourned and seconded by Ms Anker The meeting
was adjourned at 733 pm
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