HomeMy WebLinkAboutCRC-09-19-12 CRC Meeting, September 19, 2012
CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday,
September 19, 2012
President Bill Hammer called the meeting to order at 6:49 p.m. Commission members Dave
Bowers, Carolyn Anker,Greg Phillips and Jeff Worrell were present, constituting a quorum.
Also present were Les Olds, Karl Haas, Michael Lee,Megan McVicker and Matt Worthley.
Others present:
Bruce Donaldson, Loren Matthes, Robert Bush II, Jim Towne,Jim Higgins, Vanessa Stiles
and Bryan Mitchell
The Pledge of Allegiance was said.
Public Hearing
Proposed Lease with Cannel Redevelopment Authority
The public hearing was opened at 6:49 p.m.
Bruce Donaldson, bond counsel with Barnes &Thornburg, gave background and description
regarding the proposed lease.
No one was present to speak in favor or in opposition.
Mr. Donaldson noted and explained revisions from a previous draft of the resolution and
gave closing remarks regarding the proposed lease.
The public hearing was closed at 6:53 p.m.
Approval of Resolution 2012-6 re: approving lease with Carmel Redevelopment Authority in
connection with refinancing of outstanding CRC obligations
Discussion ensued regarding the timeline and steps for approval by the Carmel
Redevelopment Authority and Carmel City Council.
Ms. Anker moved to approve Resolution 2012-6 re: approving the form and authorizing the
execution of a proposed lease between the City of Carmel Redevelopment Authority and the
City of Carmel Redevelopment Commission, regarding the proposed refunding project.
Seconded by Mr. Worrell and passed unanimously.
Approval of Minutes
August 15, 2012: Moved for approval by Ms. Anker and seconded by Mr. Bowers. Passed
unanimously.
Financial Matters
Mr. Higgins stated the August 2012 end of month operating and non-operating balance is
$583,369.
Mr. Higgins requested the Commission's approval of operating expenses in the amount of
$277,505.96. Mr.Worrell moved to approve operating claims in the amount of$277,505.96,
seconded by Ms. Anker. Unanimously approved.
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CRC Meeting, September 19, 2012
Mr. Higgins requested the Commission approve non-operating expenditures in the amount of
$1,079,729.99. Ms. Anker moved to approve invoices in the amount of$1,079,729.99,
seconded by Mr. Bowers. Passed unanimously.
Mr. Higgins requested approval of PAC construction fund claims in the amount of
$98,783.31. Mr. Worrell moved approval for disbursement of PAC construction fund claims
in the amount of$98,783.31, seconded by Ms. Anker. Unanimously approved.
Approval of Change Orders
There were no change orders to come before the Commission this month.
Committee Reports
Ms. Anker stated the Finance Committee has been working with a team of professional
consultants to put together a package for refinance that is subject to the lease voted on earlier
in the meeting. Ms. Anker stated the professionals as well as the CRC staff have been
working very diligently to meet the information and document production requirements that
are being requested as they go through this process. Ms. Anker thanked the team members
for their hard work and Mr. Hammer added his thanks to staff, consultants, Commissioner
Anker and Commissioner Bowers for the hours they have put in.
Mr. Worrell stated the Plan Review Committee has not met since the last CRC meeting and
therefore there was no update.
There was no update from the Administrative Committee.
Update on Properties
Mr. Olds gave an update regarding miscellaneous projects including the Sophia Square
courtyard ,Tarkington Theater,Palladium roof and the grain silo.
IDEM has verified that nothing on the grain silo site is deemed to be hazardous or dangerous
material. Removal of debris is scheduled to occur within the upcoming weeks.
Discussion ensued.
Marketing &Events Update—Victory Sun,Inc.
Vanessa Stiles, with Victory Sun, Inc., presented a summary of goals and achievements from
the summer events and marketing in the Arts & Design District.
Old Business
None at this time.
New Business
None at this time.
Other Business
None at this time.
Announcements
Ms. McVicker announced that the Carmel International Arts Festival will take place in the
Arts &Design District on September 22-23, 2012.
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CRC Meeting, September 19, 2012
Adjournment
Ms. Anker moved the meeting be adjourned subject to the execution of documents and
seconded by Mr. Worrell. The meeting was adjourned at 7:31 p.m.
The next regularly scheduled meeting is Wednesday, October 17 at 6:30 p.m.
A CRC special meeting will be held on Wednesday, September 26 at 5:30 p.m. for a
presentation regarding Merchants' Square and Merchants' Pointe.
An executive session was held directly prior to the public meeting in which pending litigation
and the purchase or lease of real property were discussed. The Commission hereby certifies
that no subject matter was discussed in the executive session other than the subject matter
specified in the public notice.
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