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HomeMy WebLinkAboutCRC-01-18-12 CRC Meeting, January 18, 2012 CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, January 18, 2012 President Bill Hammer called the meeting to order at 7:30 p.m. Commission members Jeff Worrell, Brad Meyer, Greg Phillips and Dave Bowers were present, constituting a quorum. Also present were Les Olds, Karl Haas, Michael Lee, Megan McVicker and Matt Worthley. Others present: Jim Higgins, Andrea Kleymeyer, Tom Vriesman, Melissa Averitt, Bruce Cordingley, Denise Cordingley and Bryan Mitchell The Pledge of Allegiance was said. Election of Officers Oaths of office were administered prior to the regular meeting in the CRC Executive Session at 5:30 p.m. Mayoral appointees: Bill Hammer, Jeff Worrell City Council appointees: David Bowers, Brad Meyer Carmel Clay School Board Representative, Ex- officio member: Greg Phillips Carolyn Anker is also a mayoral appointee for the 2012 year; however, was unable to attend the January meeting and will be given the oath of office at a later date. Mr. Worrell nominated Bill Hammer for President of the Commission and seconded by Mr. Meyer. The motion passed unanimously. Mr. Meyer nominated Dave Bowers for Vice President of the Commission and seconded by Mr. Worrell. The motion was unanimously approved. Mr. Worrell nominated Brad Meyer for Secretary of the Commission and seconded by Mr. Bowers. The motion passed unanimously. Mr. Hammer noted that Jim Higgins is acting Treasurer on behalf of the Carmel Redevelopment Commission. Presentation: Indiana Design Center Marketing Melissa Averitt, Vice President of Sales and Marketing for Pedcor Companies, introduced Andrea Kleymeyer, Marketing Director for the Indiana Design Center, and Tom Vriesman, Director of Design Community Development for the Indiana Design Center and noted they would be speaking on the economic development strategy of the Indiana Design Center as part of the Arts Design District. Ms. Kleymeyer distributed a handout for reference during the presentation. Mr. Vriesman and Ms. Kleymeyer gave an update on the Indiana Design Center progress and marketing. The Indiana Design Center staff requested the Commission's support of $50,000 for a design event series in 2012. Discussion ensued. 1 CRC Meeting, January 18, 2012 Mr. Olds recommended Ms. McVicker review the proposal and advise how to move forward at a later date, as any funds for this would come from the marketing budget. Approval of Minutes December 21, 2011: Moved for approval by Mr. Worrell, seconded by Mr. Meyer and unanimously approved Financial Matters Mr. Higgins announced the December 2011 end of month operating balance is $5,747,702. Mr. Higgins reported the lease payments that were due for the Palladium and other debt service obligations of the Commission have been paid based on the collection of the increment received in mid December. Mr. Higgins noted the new claims category breakdown, as determined by the Finance Committee and outlined at the last Commission meeting. Mr. Higgins requested the Commission approve the operating expenses for the month of January in the amount of $217,648.10. Mr. Bowers moved to approve the expenditure of $217,648.10, seconded by Mr. Meyer. Passed unanimously. Mr. Higgins requested the Commission's approval of non operating expenses in the amount of $3,842,236.77. Mr. Higgins noted the non- operating claims are primarily expenses that can be paid from Tax Increment Funds. Mr. Worrell moved to approve the non operating invoices in the amount of $3,842,236.77. Seconded by Mr. Bowers and unanimously approved. Mr. Higgins requested approval of PAC construction claims in the amount of $91,740.06. Discussion ensued. Mr. Bowers moved to approve $91,740.06 for the PAC disbursement, seconded by Mr. Worrell. Unanimously approved. Approval of Change Orders There were no change orders to come before the Commission this month. Committee Reports Mr. Bowers stated the Finance Committee met on January 16, 2012 and reviewed the new set of financial dashboard documents that will be introduced to the Commission next month. Mr. Worrell stated there is nothing to report with the Plan Review and Interior Design Panel, as they have not had a need to meet. There was no update from the Administrative committee. Update on Properties Mr. Olds opened the floor to questions regarding properties outlined in the monthly Commissioners' packet. Discussion ensued regarding the status of the Sophia Square parking garage, the grain elevator at the old Street Department site and removal of dirt from the area by 3 Ave SW and 2 St SW. 2 CRC Meeting, January 18, 2012 Old Business Approval of Equipment for Palladium Mr. Olds stated that, after review, there are not enough funds to cover this request as had previously been thought. Based on that, Mr. Olds asked this item be withdrawn from the agenda. There was no objection for this item to be removed. Approval of Resolution 2012 -1 Mr. Haas stated there was an additional item to consider under "Old Business." Mr. Haas noted the Commission passed a resolution in 2011 regarding lines of credit for the 4CDC, including a line of credit with M &I Bank. Since that time, M &I Bank has become Harris Bank. Mr. Haas stated that, as part of closing the line of credit with Harris Bank, their counsel was uncomfortable that the resolution referred to M &I Bank. Due to that fact, Mr. Haas requested a resolution recognizing all references to M &I Bank in the prior resolution are now references to Harris Bank. Brief discussion ensued. Mr. Bowers moved that the references in Resolution 9 -2011 to M &I are now all references to Harris Bank. Seconded by Mr. Meyer and passed unanimously. New Business None at this time. Other Business None at this time. Announcements None at this time. Adjournment Mr. Worrell moved the meeting be adjourned subject to the execution of documents and seconded by Mr. Bowers. The meeting was adjourned at 8:12 p.m. The next regularly scheduled meeting is Wednesday, February 15 at 6:30 p.m. 3