Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION December 11, 2012 Mr. Royer moved to approve the invoices as PUBLIC MEETING presented. Mr. Puckett seconded. Motion passed 4:30 p.m. unanimously; 5 yes, 0 no. Conference Room #1 120 East 8th Street Mr. Winkler discussed the costs for services for the re- Anderson, IN 46016 funding of the bonds. A payment of $301,807.50 will be wired to the bank to initiate the closing. The bank MEMBERS PRESENT was to include the issuance costs in the bond, but Kevin Sulc, President decided the language in the bond was not appropriate Joe Royer, Vice President to do so. The issuance costs are anticipated to cost no Mike Farmer, Secretary / Treasurer more than $75,000. Justin Puckett, Member Carolyn Scott, Member Mrs. Bauer stated it is standard procedure to include these costs at bond closing. They were ensured this would be done, but the Bank of New York’s legal STAFF PRESENT counsel determined the language in the bond was not Ann Marie Bauer, Attorney sufficient to support the payments. Neither the total Greg Winkler, Director dollars nor the source would change. Ashley Hopper, Deputy Director Gary McKinney, Specialist Mrs. Phillips explained that it was determined by O.W. Karen Pettigrew, Specialist Krohn and the City Controller’s Office that the $75,000 April Phillips, Specialist in issuance costs would be paid from the TIF Debt Reserve fund. OTHERS PRESENT Pete Heuer, Board of Public Works Chairman Mr. Royer moved to authorize paying up to $75,000 Sam Pellegrino, City Controller for the services related to the bond re-funding. Mr. Jason Childers, City Attorney Farmer seconded. Motion passed unanimously; 5 yes, Charles Staley, Flagship Enterprise Center 0 no. Cheryl Shank, Citizen Stu Hurst, Herald Bulletin Mr. Winkler presented an invoice from Krieg DeVault in the amount of $30,082 for the GTI project. ROLL CALL AND DECLARATION OF Traditionally, these types of invoices are paid at bond QUORUM closing. A non-taxable infrastructure bond is being Mr. Sulc called the meeting to order at 4:30 p.m. and considered. If this is the case, the bond may not be declared a quorum present. issued until November 2013. He is asking for consideration in paying the invoice now or at the very MINUTES least at the next meeting. Krieg DeVault assisted in Mrs. Scott moved to approve the minutes from the the creation of the final development agreement with November 8, 2012, meeting. Mr. Farmer seconded. GTI. Motion passed unanimously; 5 yes, 0 no. INVOICES Mrs. Scott moved to table the request for payment Mr. Winker explained that the GTI invoices are from Krieg DeVault. Mr. Royer seconded. Motion reviewed by City Controller Sam Pellegrino and passed unanimously; 5 yes, 0 no. Municipal Development Director Mr. Frank Owens ensuring the work has been completed. Discussions are continuing as to whether to do a taxable or non- taxable bond for GTI, Hy-Pro, and other projects. BUSINESS Mr. Puckett moved to approve the contract with A & F Engineering. Mrs. Scott seconded. Motion passed PROJECT WORLD: MYERS AUTOWORLD – JA- unanimously; 5 yes, 0 no. MY LLC. Mr. Winkler explained the purchase agreement is UPDATES being finalized. It is anticipated the agreement will be ready for the next meeting. They want to break Ertl Enterprises ground in March 2013. Mr. Winkler presented a breakdown of improvements. The requirement was that at least $100,000 of RESOLUTION #RD11-12 RESOLUTION OF THE improvements was to be made. Mr. Ertl has met the CITY OF ANDERSON REDEVELOPMENT requirements of the original agreement. COMMISSION AUTHORISING PAYMENT OF CERTIFIED TECHNOLOGY PARK FUNDS TO THE Memorandum of Agreement for Mowing Services FLAGSHIP ENTERPRISE CENTER Mrs. Hopper stated there was a memorandum of Mr. Winkler explained there is a contract in place that understanding entered into in March of this year. The stipulates that only $500,000 will be given to the FEC agreement is being terminated as of December 31, per year. The challenge is that for a few years no 2012, so the services can be bid out. funds were received due to an error. The State has corrected the error. The FEC has incurred debt Mr. Childers stated the goal is for the bid packets to especially with the construction of the Accelerator II go out in January. building. A total of $739,562 for 2012 was received. He is requesting that all the funds be transferred to Parking Garage Lease the FEC. Mr. Winkler made the Commission aware Mrs. Bauer stated the ordinance is completed. It that he is a voting member on the FEC board. It is an should go to the City Council this month. The unpaid position. ordinance basically dissolves the Parking Authority and transfers the responsibility to the Board of Public Mr. Royer asked if the funds were not transferred to Works. A lease will need to be entered into. It has FEC, would it just sit unused in the bank account. been suggested that it be a long term lease rather than year to year. Mrs. Phillips stated a few small projects have been completed using the funds in the past. Hy-Tech Machining Systems, LLC. Mrs. Bauer stated she and Mr. Frank Owens, Municipal Mrs. Bauer stated by State statute the funds can only Development Director, have had meetings with Mr. be used in the Certified Tech Park. Stan Lay to discuss several issues. Mr. Lay’s attorney was in the last meeting. She and the attorney are Mr. Staley stated a portion of the State sales and engaged in dialogue regarding resolutions of the income taxes are captured and returned to be used issues. within the Certified Tech Park. The total amount that may be captured is $5,000,000. The Flagship Certified Edgewood Plaza Technological Park is the number one producer of Mr. McKinney updated the Commission. The focus jobs in the State. group meetings have concluded. DCI is currently working on the marketing analysis for the area, Mrs. Scott moved to approve Resolution #RD11-12. project costs, and a preliminary development plan. Mr. Farmer seconded. Motion passed unanimously; 5 Staff is continuing to work on the environmental yes, 0 no. issues as well. A & F ENGINEERING CONTRACT: TRAFFIC MISCELLANEOUS STUDY AT STATE ROAD 9 (SCATTERFIELD 2013 Meeting Dates ROAD) Mr. Farmer moved to approve the 2013 meeting dates Mr. Spyers stated the stoplight at the former General as presented. Mr. Puckett seconded. Motion passed Motor’s property along Scatterfield Road is a part of unanimously; 5 yes, 0 no. Project World. INDOT has required that a traffic study be completed to see if the stoplight is warranted. The Mr. Winkler anticipated a special meeting may be lowest quote received was from A & F Engineering in called for Project Kip in the second week of January the amount of $8,380. 2013. Anderson Redevelopment Commission (ARC): December 11, 2012 Page 2 Commission Appointments Mr. Sulc reminded the members that their terms were only for one year. The members should contact Mayor Smith and the City Council regarding their appointments. Christmas Dinner Mr. Sulc reminded the members there would be a Christmas dinner later this evening for those that are able to attend. Thank you Mr. Winkler and Mr. Sulc thanked everyone for their hard work. ADJOURNMENT Meeting adjourned at 5:14 p.m. Submitted by: April K. Phillips Anderson Redevelopment Commission (ARC): December 11, 2012 Page 3