HomeMy WebLinkAboutCRC-02-20-13 CRC Meeting, February 20, 2013
CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday,
February 20, 2013
President Bill Hammer called the meeting to order at 6:54 p.m. Commission members Dave
Bowers, Brad Meyer and Greg Phillips were present, constituting a quorum. Also present
were Les Olds, Megan McVicker and Matt Worthley.
Others present:
Jim Higgins,Michael Lee,Jeff Stanich III(Butler University) and Jim Mullet
The Pledge of Allegiance was said.
Approval of Minutes
January 16, 2013: Moved for approval by Mr. Bowers and seconded by Mr. Meyer. Passed
unanimously.
Financial Matters
Mr. Higgins stated the January 2013 end of month non-operating and operating balance is
$1,526,278. Discussion ensued.
Mr. Higgins requested the Commission approve non-operating expenditures in the amount of
$84,036.44. Discussion ensued. Mr. Bowers moved to approve non-operating invoices in
the amount of$84,036.44, seconded by Mr. Meyer. Passed unanimously.
Mr. Higgins requested approval of PAC fund claims in the amount of$3,581.91. Mr. Meyer
requested a summary breakdown of legal expenses in future submittals. Discussion ensued.
Mr.Meyer moved approval for disbursement of PAC fund invoices in the amount of
$3,581.91, seconded by Mr. Bowers. Unanimously approved.
Mr. Higgins noted that the operating invoice summary distributed was for informational
purposes only.
Approval of Change Orders
There are no change orders to come before the Commission at this time.
Meridian &Main TIF Analysis
Mr. Higgins gave background on this item and requested the Commission pay$11,580.52 to
the trustee for a developer bond that is due as part of the agreement in place for the Meridian
&Main allocation area.
Discussion ensued.
Mr. Bowers moved to approve $11,580.52 for the taxable economic development revenue
bonds. Mr. Higgins noted this would be paid from TIF dollars and not operating dollars.
Seconded by Mr. Meyer and approved unanimously.
Committee Reports
There were no updates from the Finance Committee,Plan Review Committee or
Administrative Committee, as they have not recently met.
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CRC Meeting, February 20, 2013
Update on Properties
Mr. Olds gave an update regarding the stairs project,cleanup of the grain elevator and the
Party Time Rental site.
Old Business
None at this time.
New Business
None at this time.
Other Business
None at this time.
Adjournment
Mr. Bowers moved the meeting be adjourned pending the execution of documents and
seconded by Mr. Meyer. The meeting was adjourned at 7:19 p.m.
The next regular meeting is scheduled for Wednesday, March 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.
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