HomeMy WebLinkAboutCRC-02-09-11 CRC Meeting February 9, 2011
CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday,
February 9, 2011
President Bill Hammer called the meeting to order at 6:05 p.m. Commission members
Carolyn Anker, Greg Phillips, David Bowers and Brad Meyer were present, constituting a
quorum. Also present were Karl Haas, Les Olds, Matt Worthley and Megan McVicker.
Others present:
Bruce Donaldson, Mike Shaver, John Hart, Mark Zukerman, Loren Matthes and Bryan
Mitchell
The Pledge of Allegiance was said.
Old Business
Approval of Resolution 2011 -1 re: 116th Street Centre by JC Hart/Equicor
Bruce Donaldson with Barnes Thornburg gave an overview of the resolution that was
presented for approval. Mr. Donaldson stated this resolution relates to the previously
declared economic development and allocation area, the 126 Street Integrated area. Mr.
Donaldson stated this resolution accomplishes two things; first, it carves out the 116
Street Centre project from the larger TIF area and designates it as a separate allocation
area. Second, it approves the supplement to the economic development plan detailing the
types of projects that would be proposed within the bounds of the newly separated area.
Mr. Donaldson mentioned this concept is similar in substance to what was approved
recently with the Meridian Main project.
Mr. Donaldson explained the approval of this resolution would be the first in a four step
approval process. If approved, the matter would go before the Plan Commission on
February 15, 2011 then proceed to the City Council for approval at their next available
meeting. The final step would include a public hearing with the Redevelopment
Commission.
John Hart with J.C. Hart outlined the schedule and length of the project. Discussion ensued
with regards to the target market, density and current demand.
Mike Shaver of Wabash Scientific gave a review and overview of changes to the plan
supplement. Discussion ensued with regards to the TIF subsidy.
Mark Zukerman with Equicor gave an update on the interest and activity with regards to
the commercial aspect of the site.
Mr. Hammer requested that Loren Matthes with Umbaugh Associates present an update
on the impact of this TIF on TIF revenues that support the Center for the Performing Arts
and other CRC activities. Discussion ensued.
Mr. Haas with Wallack, Somers, Haas reviewed the status of the project agreement.
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CRC Meeting February 9, 2011
Ms. Anker moved to approve Resolution 2011 -1 Re: amending the Declaratory Resolution
and the Development Plan for the Integrated 126 Street Economic Development Area.
Seconded by Mr. Meyer and passed unanimously.
New Business
None at this time.
Adjournment
Ms. Anker moved the meeting be adjourned and seconded by Mr. Bowers. The meeting
was adjourned at 6:58 p.m.
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