HomeMy WebLinkAboutCRC-05-15-07 CRC Meeting, May 15, 2007
CARMEL REDEVELOPMENT COMMISSION Meeting, Tuesday,
May 15, 2007
President Ron Carter called the meeting to order at 7:04 p.m. Commission members
Carolyn Anker and Jeff Worrell were present, constituting a quorum. Also present were
Mayor Brainard, Les Olds, Karl Haas, Sherry Mielke, Dan Moriarity, Darrell Norris,
Andrea Stumpf, Mike Lee, Bill Ruthhart and Rick Osborn. Phyllis Morrissey as support
staff.
Approval of Minutes
The approval of April 17, 2007, minutes was postponed until May 22 meeting.
Report from Architects and Engineers
Mr. Moriarity reported he had PAC progress sets and Energy Center progress sets
available for viewing after the meeting.
Bids for the Energy Center and the two connected tunnels will be due June 19 and the
opening will take some time since there are eleven contracts to let. The original cost
estimates were 7.2 million, but that has been reduced to 6.4 million because we now have
full construction documents. Pedcor pays one -third of the cost of the Energy Center.
Update on Properties
Nothing additional to report.
Financial Matters
Ms. Mielke reported the April end of month balance of 902 and 905 combined was
$1,190,159.
Special Matters
Ms. Mielke: We have been notified by the Hamilton County Auditor's office that due to
the late disbursement of tax bills, the tax increment financing revenue will not be
available to the CRC until late July at the earliest. As mentioned in their memo to us of
April 12, they urged us to quote "make plans to cover your debt payments and operating
costs This leaves the Commission no alternative but to issue the 2007 $2,995,000 BAN
which was previously approved. There will be a special meeting of the CRC on May 22
at 8 a.m. to approve the bond resolution. After approval of the bond resolution it is
anticipated that the funds will be available within three to five days.
There were no questions.
Approval of Invoices
Invoices for the CRC general fund were submitted in the amount of $1,084,497.93. Mr.
Worrell moved for approval. Seconded by Ms. Anker and unanimously approved.
Invoices for the golf club were submitted in the amount of $111,803.34. Mr. Worrell
moved for approval. Seconded by Ms. Anker and unanimously approved.
1
CRC Meeting, May 15, 2007
PAC disbursement in the amount of $879,664.01 was requested. Mr. Worrell moved for
approval. Seconded by Ms. Anker and unanimously approved.
Old Business
Discussion about the signage on the second and third floors at Old Town Shoppes. Two
signs are being modified and waiting for approval. Concern was expressed about setting a
precedent. It was suggested that DOCS get examples from other communities and work
on an amendment for the sign ordinance to address this issue. Mr. Olds will talk with
Mike Hollibaugh. Mayor Brainard said we'll come back to the next regular CRC meeting
with examples and recommendations.
New Business
Ms. Mielke announced that Bev Owens from the Antique Mall was awarded a Hoosier
Hospitality Award.
New businesses in the district:
Bub's Cafe
Laguna Gallery should be open by end of month.
B. Meylor is moving from Main Street to 316 S. Range Line Road.
Four new businesses in the Old Town Shoppes:
Reforming Indy Pilates Studio
Shane Photographer
Farmers Insurance Group
International Osteoporosis Association
Next Meeting
Tuesday, May 22, 8 a.m., Department of Community Services
Next regular meeting will be Tuesday, June 19, 6 p.m. Executive Session, 7 p.m. public
meeting
Adjournment
Mr. Worrell moved for adjournment. Seconded by Ms. Anker and unanimously
approved. The meeting was adjourned at 7:26 p.m.
2