HomeMy WebLinkAboutCRC-10-16-13 CRC Meeting, October 16, 2013
CARMEL REDEVELOPMENT COMMISSION Meeting, Wednesday,
October 16, 2013
President Bill Hammer called the meeting to order at 6:41 p.m. Commission members Dave
Bowers,Brad Meyer and Greg Phillips were present,constituting a quorum. Also present were
Matt Worthley, Karl Haas,and Megan McVicker.
Others present:
Michael Lee,Les Olds,Bruce Donaldson,Loren Matthis,Bryan Mitchell,Claire Bowers and
Karen Kennedy
The Pledge of Allegiance was said.
Public Hearing
Re: Appropriation of Proceeds of Illinois Street Bonds
The public hearing was opened at 6:43 p.m.
Bruce Donaldson,bond counsel with Barnes&Thornburg,gave background and detail regarding
the proposed bond issue.
Loren Matthis, with H.J. Umbaugh&Associates, gave background and provided an overview of
the numbers and figures involved in the proposed bond issue.
Discussion ensued.
No one was present to speak in favor or in opposition.
The public hearing was closed at 7:00 p.m.
Approval of Minutes
September 18,2013: Moved for approval by Mr.Bowers and seconded by Mr.Meyer.
Approved unanimously.
Financial Matters
Mr. Lee stated that the end of month September balance of the Commission totaled$1,981,565,
and$4,331,565 with reserve funds.
Mr. Lee requested the Commission approve non-operating claims in the amount of$80,364.85.
Mr. Bowers moved to pay non-operating invoices in the amount of$80,364.85, seconded by Mr.
Meyer. Passed unanimously.
Mr. Lee requested approval of PAC construction fund claims in the amount of$54,403.17.Mr.
Meyer moved to approve PAC construction fund claims in the amount of$54,403.17,seconded
by Mr. Bowers. Unanimously approved.
Approval of Change Orders
Mr.Worthley stated that there were no change orders to come before the Commission at this
time.
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CRC Meeting, October 16, 2013
Committee Reports
Mr.Bowers stated that the Finance Committee continues to work on the 2014 budget and hopes
to have a draft for review at next month's meeting.
There were no additional committee reports.
Update on Properties
Mr. Worthley stated that updates were addressed in the monthly Commissioners' meeting packet
and asked for any further questions on properties. There were no questions to be addressed.
Old Business
Shapiro's Public Offering Responses
Mr. Haas gave background on this item and stated that neither of the two bids received met the
bid specifications from the RFP. Mr. Haas stated the Commission is open to either accept one of
the bids received or reject both of the bids.
Mr. Meyer moved to reject both bids on the Shapiro's property and move forward with offering
for discussions with others in accordance with state law requirements. Seconded by Mr.Bowers
and passed unanimously.
New Business
Approval of Resolution 2013-5 re: Authorizing Issuance of Illinois Street Bonds
Mr. Donaldson referenced detail given regarding this item during the public hearing and provided
additional details. Mr. Donaldson stated that,assuming the Commission moves forward with
authorization, this will reach final resolution with the City Council at Monday's meeting [on
10/21/13].
Brief discussion ensued.
Mr. Bowers moved for approval of Resolution 2013-5 regarding authorization of the issuance of
the Illinois Street Bonds. Seconded by Mr. Meyer and passed unanimously.
Other Business
None at this time.
Adjournment
Mr.Meyer moved the meeting be adjourned pending the execution of documents and seconded
by Mr. Bowers. The meeting was adjourned at 7:10 p.m.
The next regularly scheduled meeting is Wednesday, November 20, 2013. [This meeting was
later rescheduled to Thursday,November 21,2013.]
An executive session was held directly prior to and reconvened directly after 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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