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HomeMy WebLinkAboutCRC-01-16-13 CRC Meeting, January 16, 2013 CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday, January 16, 2013 President Bill Hammer called the meeting to order at 7:03 p.m. Commission members Dave Bowers, Carolyn Anker, Brad Meyer and Greg Phillips were present, constituting a quorum. Also present were Les Olds, Karl Haas, Michael Lee, Megan McVicker and Matt Worthley. Others present: Jim Higgins 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 is also a mayoral appointee for the 2013 year; however, he was unable to attend the January meeting and will be given the oath of office at a later date.] City Council appointees: David Bowers, Brad Meyer Carmel Clay School Board Representative, Ex-officio member: Greg Phillips Mr. Hammer opened the floor for nominations for President of the Commission. Ms. Anker nominated Bill Hammer for President of the Commission. With no additional nominees submitted for consideration,Mr. Hammer closed nominations for President. The nomination passed unanimously. Mr. Hammer opened the floor for nominations for Vice President of the Commission. Mr. Meyer nominated Dave Bowers for Vice President of the Commission. With no additional nominees submitted for consideration,Mr. Hammer closed nominations for Vice President. Unanimously approved. Mr. Hammer opened the floor for nominations for Secretary of the Commission. Mr. Bowers nominated Brad Meyer for Secretary of the Commission. With no additional nominees submitted for consideration, Mr. Hammer closed nominations for Secretary. Passed unanimously. [Ms. Anker left the meeting at 7:06 p.m.] Approval of Minutes December 19,2012: Moved for approval by Mr. Bowers and seconded by Mr. Meyer. Passed unanimously. December 31, 2012: Moved for approval by Mr. Bowers and seconded by Mr. Meyer. Passed unanimously. Financial Matters Mr. Higgins stated the December 2012 end of month non-operating and operating balance is $1,337,351. Mr. Higgins noted this does not include a$2.7 million reserve requirement that 1 CRC Meeting, January 16, 2013. was set aside as part of the refinance and that the total cash position of the Commission at December 31, 2012 was $4,037,351. Mr. Higgins requested the Commission approve non-operating expenditures in the amount of $12,050.00. Mr. Meyer moved to approve non-operating invoices in the amount of $12,050.00, seconded by Mr. Bowers. Passed unanimously. Mr. Higgins requested approval of PAC fund claims in the amount of$32,782.61. Discussion ensued. Mr. Bowers moved approval for disbursement of PAC construction fund invoices in the amount of$32,782.61, seconded by Mr. Meyer. Unanimously approved. Mr. Higgins noted that there were no operating-related expenses submitted for approval by the Commission, as all operating claims are now part of the operating budget of the City's Department of Redevelopment [as of January 1, 2013] and will be submitted to the Clerk- Treasurer's office for approval through City Council. Discussion ensued. Approval of Change Orders There are no change orders to come before the Commission at this time. Approval of 2013 Budget Mr. Higgins gave an overview of the budget breakdown. Mr. Bowers discussed the Finance Committee's involvement and thoughts regarding this budget. Discussion ensued. • Mr. Bowers moved to approve as presented. Seconded by Mr. Meyer and approved unanimously. Committee Reports Mr. Hammer noted that Mr. Bowers will be chairman of the Finance Committee this year. Mr. Bowers stated the Finance Committee continues to work through the budget and reiterated it is a working document subject to modification throughout the year. Discussion ensued regarding monitoring obligations that were not included in this year's refinancing package. There was no update from the Plan Review Committee or Administrative Committee, as they have not recently met. Update on Properties Mr. Olds gave an update regarding the status of CRC employees as well as an update on the Party Time Rental site. Old Business None at this time. New Business None at this time. 2 CRC Meeting, January 16, 2013 Other Business None at this time. Announcements Discussion ensued regarding negotiations on the Civic Theater agreement. Adjournment Mr. Bowers moved the meeting be adjourned pending the execution of documents and seconded by Mr. Meyer. The meeting was adjourned at 7:54 p.m. The next regular meeting is scheduled for Wednesday, February 20, 2013 at 6:30 p.m. 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. • 3