Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION March 3, 2015 Mr. Sulc asked if any written remonstrance was PUBLIC MEETING received. 4:30 p.m. ED Conference Room #1 Mrs. Phillips answered no. 120 East 8th Street Anderson, IN 46016 CLOSE PUBLIC HEARING The public hearing was closed at 4:31 p.m. MEMBERS PRESENT Carolyn Scott, President MINUTES Kevin Sulc, Vice President Mr. Royer moved to approve the February 3, 2015, Joe Royer, Secretary minutes as received. Mr. Orcutt seconded. Motion Ben Orcutt, Member passed unanimously; 5 yes, 0 no. Justin Puckett, Member INVOICES MEMBERS ABSENT Mrs. Phillips mentioned the claim report was Roger Clark, Non-Voting Member submitted via email. All the invoices were under contract or previously approved. The grand total is STAFF PRESENT $297,930.04. Ann Marie Bauer, Attorney Greg Winkler, Director Mr. Orcutt moved to approve the invoices as Michael Frischkorn, Deputy Director presented. Mr. Royer seconded. Motion passed April Phillips, Financial Specialist unanimously; 5 yes, 0 no. Gary McKinney, Environmental/Brownfield Specialist BUSINESS OTHERS PRESENT Kevin S. Smith, Mayor Resolution #ARC03-15 Resolution of the City of Mike Spyers, City Engineer Anderson Redevelopment Commission Chuck Staley, Flagship Enterprise Center Confirming the Amendments to the Bruce Donaldson, Barnes & Thornburg Redevelopment Plan for the Consolidated Jason Fenwick, City Controller Southwest/East-Central South/Downtown Jason Streeter, Deputy City Controller Redevelopment Area (Sirmax) Ken de la Bastide, Herald-Bulletin Mr. Donaldson explained the Commission adopted the declaratory resolution on February 3, 2015, to add the ROLL CALL AND DECLARATION OF Sirmax project to the plan and to capture the personal QUORUM property taxes. This has since gone to the Plan Mrs. Scott called the meeting to order at 4:30 p.m. Commission and the City Council. Both have adopted and declared a quorum with five (5) members resolutions approving it. The required public hearing present. was just held. The Commission is ready to take action to confirm the original adoption. OPEN PUBLIC HEARING Mr. Sulc moved to approve Resolution #ARC03-15. The public hearing was opened at 4:30 p.m. Mr. Puckett seconded. Motion passed unanimously; 5 yes, 0 no. Mrs. Bauer stated the public hearing was for the confirmatory resolution regarding the addition of the Sirmax project to the redevelopment plan.  percent is paid by the federal government. This is an Resolution #ARC04-15 Resolution of the City of 80/20 grant. The federal share is $295,000. Certain Anderson Tax Increment Redevelopment Revenues to thePledging Commission Mr. Winkler asked when the project would be Payment of Economic Development Revenue completed. Bonds of the City of Anderson (Sirmax Project) Mr. Donaldson explained the City Council adopted an Mr. Spyers hoped to have the project completed by ordinance authorizing an economic development bond the end of the year. that was previously recommended by the Economic Development Commission who had a public hearing Mr. Sulc asked if the project was just lighting. on this issue. The bond would fund the project costs for Sirmax. It is designed to yield $3,100,000 of net Mr. Spyers answered yes, decorative traffic signals project funds for Sirmax. The resolution pledges TIF and lighting. revenues to support the bond from the consolidated allocation area. In the project agreement, the Mrs. Scott did not believe a motion was needed. company guaranteed a certain level of taxes, if those payments are not made, then they will make a Mrs. Bauer confirmed. shortfall payment as is required by the agreement. The bond is structured around that. It is wrapped with 67th Street Construction the consolidated TIF allocation area to help with the Mr. Spyers explained the project bids tomorrow. The marketing of the bond. It should be a self-sustaining estimated cost of the City’s share is $600,000. This project due to the guaranteed payments. The project is 67th Street between Boland Ditch and resolution pledges the TIF after taking into account Ridgeview Road. There are three federal earmarks the shortfall payments to the payment of the bonds for this project. that have been authorized by the City Council. Mr. Sulc asked if the Board of Public Works approved Mr. Winkler stated the revenue stream is being the bids. guaranteed by the company for 15 years. After 15 years, their total contribution to the TIF will be Mr. Spyers answered yes. approximately $5,000,000. Annual Report - 2014 Mr. Royer moved to adopt Resolution #ARC04-15. Mrs. Bauer presented a draft of the annual report to Mr. Sulc seconded. Motion passed unanimously; 5 the members. The final version is due by March 15. yes, 0 no. She requested the Commission approve the draft as she does not anticipate any substantial changes. Any Mr. de la Bastide asked if this was the final step prior changes will be reviewed with the Commission via to the replatting of the property. email prior to submission. Mr. Winkler stated the replat is separate from this. A minor discussion was held. This is the final legislative step for the funding. Mr. Royer moved to approve the draft 2014 Annual Mr. de la Bastide asked when construction would Report subject to final review and if need be the start. Commission will meet again if there are germane changes. Mr. Sulc seconded. Motion passed Mr. Winkler anticipated the construction to begin in unanimously; 5 yes, 0 no. April. UPDATES Gateway Construction Mr. Spyers stated the Gateway construction entails 60th Street the new decorative lights from Raible Avenue to Mr. Spyers stated the contractor is waiting on the Brentwood Drive along Nichol Avenue. It is scheduled weather. for a July bid letting. The 20 percent share of the project would be about $59,000. The other 80 EPA: GM Properties Anderson Redevelopment Commission: March 3, 2015 Page 2 Mr. McKinney stated the staff is still working through the RFP process. He is waiting on documentation from USEPA, which could take two to three months. EDA Project Mr. Spyers said he is waiting to finalize the project. This item can be removed from the agenda. Greater Edgewood Plaza Redevelopment Mr. McKinney stated everything that was planned in 2014 has been completed. The lighting is the next project. Hy-Tech Machining Mr. Winker mentioned there have been no changes. 67th Street/Enterprise Drive Mr. Spyers reiterated the project will be bid tomorrow. Parking Garage Mr. Spyers stated the contractor is waiting on the weather. 59th-60th Street Round-a-Bout Mr. Spyers stated the contractor is waiting on the weather. Fountain at 14th & Main Streets Mr. Spyers explained the infrastructure should be installed either this week or next. Once that is completed, the contractor will come back for installation of the fountain. Jackson Street Beautification Project Mr. Spyers stated this project is still under construction. It should be finished in mid-April. MISCELLANEOUS ADJOURNMENT Mr. Sulc moved to adjourn. Meeting adjourned at 4:48 p.m. Anderson Redevelopment Commission: March 3, 2015 Page 3