Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION January 15, 2013 management intensive operation. As we look at jobs PUBLIC MEETING in the greater Indiana market place, this is a unique 2:00 p.m. opportunity. We usually talk about manufacturing Conference Room #1 jobs; however, this opportunity will drive the 120 East 8th Street manufacturing jobs. It is a Japanese company in the Anderson, IN 46016 automotive business. We are anticipating 115 jobs and no more than 175 jobs. The press release will MEMBERS PRESENT say there will be approximately 130 jobs, which is a Joe Royer, President very realistic estimate over the course of the next six Justin Puckett, Secretary / Treasurer (6) years. They are asking the Commission to pay for Carolyn Scott, Member tenant improvements as itemized on the spreadsheet Kevin Sulc, Member and abate the first two years of the lease. The company has signed a six (6) year lease with The Flagship for approximately 30,000 sq. ft. of space. MEMBERS ABSENT This is an expansion of The Flagship’s mission and an Mike Farmer, Vice-President enhancement of that mission as they are able to interface and collaborate with the tech start-up STAFF PRESENT companies and utilize some of the research space. Ann Marie Bauer, Attorney The total ARC contribution is $1,281,925. Total Greg Winkler, Director project cost is $1,459,925. Tenant improvements are April Phillips, Specialist being made so those costs may increase, but we will Karen Pettigrew, Small Business Specialist work with The Flagship regarding this. The payment Gary McKinney, Brownfields Redevelopment Specialist will come from TIF funds. OTHERS PRESENT Mr. Sulc asked if the TIF forecast as previously Kevin S. Smith, Mayor submitted would handle this project with no issues. Pete Heuer, Board of Public Works Chairman Mike Spyers, City Engineer Mr. Winkler answered yes. Mr. Krohn updated the Sam Pellegrino, City Controller projections to confirm. The information was Otto Krohn, Krohn & Associates presented to the Commission. At some point in 2013, Charles Staley, Flagship Enterprise Center a non-taxable infrastructure bond will need to be done Greg Young, Project KIP to do road projects and Edgewood Plaza. A taxable Matt McLaughlin, Project KIP issue may also need to be done. The revenue stream Chad Pigg, Sesco will carry several different encumberments. The focus Baylee Pulliam, Herald Bulletin is on maintaining flexibility so when another project opportunity comes along, we can respond and still do ROLL CALL AND DECLARATION OF the infrastructure projects that are necessary. It is a QUORUM balancing act. We are intending to keep the cash Mr. Royer called the meeting to order at 2:00 p.m. balance at approximately $5,000,000. and declared a quorum with four (4) members present. Mr. Gary Young, Project KIP, thanked the Commission for the special meeting. He expressed his BUSINESS appreciation and his excitement for coming to Anderson. The company has been very satisfied with PROJECT KIP the people they have worked with. They do see Mr. Winkler presented financial spreadsheets showing opportunities in Anderson and have watched the the breakdown of costs associated with the project. revitalization that has been going on. He believes the The project is being called Project KIP. The company company will fit in. name will be released tomorrow at a press conference, if approved. This is an engineering / Mr. Puckett moved to approve Project KIP and the contributions from the TIF Levy. Mr. Sulc seconded. Mr. Royer asked if the total financial obligation for both contracts was $10,000. Ms. Bauer explained the Commission would have an operating and maintenance agreement with Flagship Mr. McKinney answered yes. that specifically spells out how the contribution will be made to the operation. This will be specifically Mr. Sulc moved to approve a contract with SESCO for designated in the amendment of Section 2.05 and the former Speedway gas station location. Mrs. Scott 2.06. As part of this motion, it gives approval to work seconded. Motion passed unanimously; 4 yes, 0 no. with Flagship in order to design the amendment. Mrs. Scott moved to approve the contract with SESCO Mr. Royer asked if the approval would be subject to concerning the on-going environmentnal issues those amendments. related to TIF properties not to exceed $10,000. Mr. Puckett seconded. Motion passed unanimously; 4 yes, Ms. Bauer answered no. The amendments would 0 no. document the approval of this action. The amendments would be brought back to the MISCELLANEOUS Commission for review and signatures. ADJOURNMENT Mr. Puckett moved to amend his motion to include Meeting adjourned at 2:17 p.m. approving the amendment between Flagship Enterprise Center and the Commission. Mr. Sulc Submitted by: April K. Phillips seconded. Motion passed unanimously; 4 yes, 0 no. PROJECT WORLD Mr. Winkler requested Project World be withdrawn from the agenda. It is hoped that it will be heard at the next meeting. The parties are still finalizing the purchase agreement. SESCO CONTRACT: CONCERNING ENVIRONMENAL ISSUES RELATED TO PROPERTY LOCATED IN THE GREATER EDGEWOOD PLAZA AREA SESCO CONTRACT: CONCERNING ON-GOING ENVIRONMENTAL ISSUES RELATED TO TIF PROPERTIES The preliminary contracts were previously sent to Commission members for review. Mr. Royer stated the Commission was being asked to approve a contract for the Speedway gas station in regards to underground storage tanks and environmental work in which ELF funds are available and will be utilized. Sesco will be responsible for any charges that are not reimbursed from ELF. The other contract is a general services contract up to $10,000 for areas within the TIF district as the need arises. Mr. Winkler explained the contracts would be paid from the TIF levy; however, there is a special account that will be set up once the Nestle Tax Impact fee is received that can be used to reimburse TIF at a later date. Anderson Redevelopment Commission (ARC): January 15, 2013 Page 2