Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION January 2, 2014 PUBLIC MEETING Mr. Farmer took over the duties of President. 4:30 p.m. MINUTES Conference Room #1 Mr. Puckett moved to approve the December 3, 120 East 8th Street 2013, minutes as submitted. Mr. Sulc seconded. Anderson, IN 46016 Motion passed unanimously; 4 yes, 0 no. MEMBERS PRESENT INVOICES Joe Royer, President Mr. Sulc moved to approve the invoices as Mike Farmer, Vice President presented. Mr. Royer seconded. Motion passed Justin Puckett, Secretary / Treasurer unanimously; 4 yes, 0 no. Kevin Sulc, Member BUSINESS MEMBERS ABSENT Carolyn Scott, Member Discussion and Approval on Legal Counsel for Roger Clark, Non-Voting Member 2014 Mrs. Bauer left the room during the discussion. STAFF PRESENT Ann Marie Bauer, Attorney Mr. Sulc moved to retain Mrs. Bauer as legal counsel Greg Winkler, Director for the Commission. Mr. Puckett seconded. Motion April Phillips, Financial Specialist passed unanimously; 4 yes, 0 no. Gary McKinney, Environmental Specialist Contracts: Krieg DeVault and Barnes & OTHERS PRESENT Thornburg Kevin S. Smith, Mayor Mr. Winkler explained that the legal providers were Mike Spyers, City Engineer asked to submit new contracts for 2014. He has Frank Owens, Building Commissioner been very pleased with the counsel received. Ken de la Bastide, Herald Bulletin Mr. Sulc asked Mrs. Bauer if there were any issues with the contracts. ROLL CALL AND DECLARATION OF QUORUM Mr. Bauer answered no. Mr. Royer called the meeting to order at 4:30 p.m. and declared a quorum with four (4) members Mr. Sulc moved to approve the 2014 contract with present. Krieg DeVault. Mr. Royer seconded. Motion passed unanimously; 4 yes, 0 no. ELECTION OF OFFICERS A discussion was held concerning rotating officers Mr. Royer moved to approve the 2014 contract with on an annual basis and moving vice president to Barnes and Thornburg. Mr. Puckett seconded. president, secretary / treasurer to vice president Motion passed unanimously; 4 yes, 0 no. and electing a new secretary / treasurer. Resolution #ARC01-14 Declaratory Mr. Sulc moved to install Mr. Farmer as President, Resolution of the Anderson Redevelopment Mr. Puckett as Vice President, and Mrs. Scott as Commission approving various Amendments Secretary / Treasurer. Mr. Puckett seconded. to the Redevelopment Plan for the Motion passed unanimously; 4 yes, 0 no. Consolidated Southwest/East- Central/South/Downtown Redevelopment Area Mr. de la Bastide asked when construction would be Ms. Bauer explained there were some minor begin. revisions since the last electronic copy was presented to the Commission. Basically the Mr. Winkler stated this spring; however, that will be changes were “wordsmithing.” Mr. Umpleby from dictated by INDOT. Krieg DeVault suggested an identification of the property transaction which was not in the earlier Resolution #ARC02-14 Resolution of the City copy and she corrected a misspelling. This is a of Anderson Redevelopment Commission resolution to amend the plan to include design and Authorizing Payment of Certified Technology construction of the roundabout at Enterprise Drive Park Funds to the Flagship Enterprise Center (60th St) and 59th Street. She used the highest Mr. Winkler stated he serves as the Vice Chair on estimate. the Flagship Board. He stepped out of the meeting when the Board discussed this issue last month. Mr. Winkler stated the estimate included lighting He left the room for this discussion also. and the connection to Scatterfield Road. He believed this would require some calibration of the Mr. Sulc mentioned that this item was discussed via signal. There are no exact plans as to how far the email. The Commission has given the bulk of the roundabout will be from Scatterfield Road. It is CTP funds to the Flagship Enterprise Center (FEC) estimated to be 200-250 ft. so there is room for as they have been collected from the state. stacking. The estimate is for the connection, signal work, utility relocation, and realignment of the Mrs. Phillips stated that for a couple of years no roadway. funds were collected; therefore, FEC did not receive any. Beginning last year, all the funds received Mr. Sulc asked if there would be another resolution from the State were given to the FEC. for approval. Mr. Sulc explained that this would be the same Mrs. Bauer explained the process was approval by agreement as last year, but the amount is different. the Commission, then the Plan Commission, then the City Council, and then back to the Commission for the confirmatory resolution. Mr. Puckett moved to approve Resolution #ARC02- 14. Mr. Sulc seconded. Motion passed unanimously; Mr. Royer moved to approve Resolution #ARC01- 4 yes, 0 no. 14. Mr. Sulc seconded. Gateway Contract Mr. de la Bastide asked if this would require Mr. Spyers stated he is in negotiations with Butler acquisition of right of way. Fairman and Seufert. He requested this item be continued until the February meeting. Mrs. Bauer stated the preliminary plans show that the required right of way would be donated by the Mr. Winkler stated the gateway selected for developer. improvement is the area the Commission owns in front of the former Edgewood Plaza. He has Motion passed unanimously; 4 yes, 0 no. requested the coordination of this project with the enhancements at Exit 226 and any other exits. Mr. de la Bastide asked the estimated cost. UPDATES Mr. Winkler stated the high estimate was $1,300,000 which included lighting. 60th Street Mr. Spyers explained that Ivy Tech has submitted Mr. de la Bastide asked if the State was providing plans for site work. His department is currently any funding. signing off on permits. Mr. Brad Rayl is looking at the utility work that Ivy Tech wanted done this year Mr. Winkler answered no. , the roadwork that is to be completed next year, Anderson Redevelopment Commission: January 2, 2014 Page 2 and the additional right of way that is needed. permit to tie everything together across Scatterfield Road. AT&T is about 75 percent complete. Within Mr. Winkler asked if Mr. Stoops had been the next 30 days they should finish burying the contacted. lines and then begin to remove the poles. Mr. Spyers stated he spoke with the manager. The manager did not like the layout. They are proceeding with negotiations. 73rd Street Water & Sewer Mr. Spyers stated the project has been completed; EPA: GM Properties however, there is a claim by Poindexter that still Mr. McKinney explained USEPA is still in process of needs resolved. This has been turned over to the making their decision on the final remedy. He will City attorney. be assisting in this as they have asked for additional sampling. He has hired a consultant to do the work 67TH Street and it should be completed by the first part of Mr. Winkler explained the wetland delineation has February. Once USEPA gets the analysis back from been completed. They are continuing to work on the sampling they should make their decision on the environmentals and the design work. how to proceed. Parking Garage EDA Project Mr. Spyers stated that Walker was in at the end of Mr. Spyers stated Renascent has only done some the year to do some more survey work. They demolition work. The traffic signal poles have been should have final design and hope to bid by April. installed. They have a meeting scheduled on January 16, 2014. Mr. Winkler asked about the estimated cost of the first phase. Greater Edgewood Plaza Redevelopment Mr. McKinney stated the staff is getting quotes to Mr. Spyers stated it is estimated to be about remove the asphalt parking lot at the former $350,000 a year for the next three years. Edgewood Plaza shopping center. They hope to plant wild flowers. The Gateway Project will be in f MISCELLANEOUS ront of this property along State Road 32. The hope is to use the area for some special events. Wigwam Blue Ribbon Committee They are looking to demolish three vacant stru Mr. Sulc explained that he was appointed to the ctures in the area to make the area more pleasing. Wigwam Blue Ribbon Committee representing the Commission. At some point the Commission will be Mr. Winkler stated there is a new commercial entity asked what role they will play in the transfer of the that will be locating at the former King Gyros property and the development. The only way TIF property. Another company is considering the area dollars can be used for this project is if it is added and staff will continue to follow up with them. This to the district. area may be suitable for an artist venue to give local residents a legal way to “tag” or paint graffiti A discussion was held regarding the Wigwam. in the midst of the wildflowers. A food truck is working this area every day in the summer. Staff Mr. Sulc asked if the Commission should have a will seek to have more trucks and coordinate this representative on the Blue Ribbon Committee. activity. Mrs. Bauer suggested the Commission stay involved Hy-Tech Machining so that plans cannot be made for the Commission Mr. Winkler talked with Mr. Ferree today. He will be without their knowledge. speaking with him and Mr. Stan Lay next week. Tax Exempt Bond Proposal Scatterfield Park Improvements Mr. Winkler explained there are several small Mr. Spyers stated Comcast and MLP are about 90 infrastructure projects underway such as 60th percent complete. MLP is still waiting on an INDOT Street/Ivy Tech for $1,800,000; the Scatterfield Anderson Redevelopment Commission: January 2, 2014 Page 3 corridor improvements for $1,100,000; the EDA project for $1,500,000, and 59th/60th Street/Scatterfield improvement project for $1,300,000. All of these are tax exempt projects. Interest rates will begin to go up. A couple of the existing bonds are callable. If these are paid off, it would cost about $2,000,000. The advantage is that all of taxes come back to the consolidated TIF, which improves cash flow. He suggested rolling all of the infrastructure projects into a tax exempt bond. These funds will be spent out of cash in the next 12-18 months anyway, however, these projects could be paid from a tax exempt bond. By doing this and paying off a few of the existing bonds, it would save about $5,000,000 in cash and locks in a lower interest rate for the debt. The financial advisor is anticipating a 2.1 to 2.2 interest rate. This is a good business and money management strategy. There are some economic development projects coming in 2014 that will require incentives. Mr. Sulc stated one of the questions would be does the commission want to drop the financial buffer to about $3,000,000 or maintain it around $5,000,000. He wants to think about this request and also hear from Mr. Krohn regarding this. ADJOURNMENT There was a consensus to adjourn. Meeting adjourned at 5:22 p.m. Anderson Redevelopment Commission: January 2, 2014 Page 4