Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION February 11, 2016 BUSINESS PUBLIC MEETING 4:30 p.m. Agreement with Integra Realty Resources for a ED Conference Room #1 Tax Assessment Appraisal of River Ridge 120 East 8th Street Plaza Anderson, IN 46016 Mr. Winkler explained that the Madison County Assessor’s Office advised the City that there was MEMBERS PRESENT a pending property tax appeal scheduled before Kevin Sulc, President the Indiana Tax Court. The appeal is for the 17 Joe Royer, Vice President parcels that make up River Ridge which is the Mike Collette, Member Sandor property across the road from Mounds Carolyn Scott, Member Mall. MEMBERS ABSENT Mrs. Bauer noted that out of the 17 parcels 13 Justin Puckett, Secretary were in the TIF district as coded in the Madison County Treasurer’s website. STAFF PRESENT Ann Marie Bauer, Attorney Mr. Winkler stated this is a concern because this Greg Winkler, Director appeal it takes in years 2008-14. The company Michael Frischkorn, Deputy Director provided an appraisal to the Assessor’s Office April Phillips, Financial Specialist which values the property considerably lower than what they are currently valued at by the OTHERS PRESENT Assessor. The Assessor retained legal counsel Tom Broderick, Mayor and has been advised that a counter appraisal Jack Keesling, Board of Public Works should be provided in order to win the appeal. Mike Spyers, City Engineer Integra Realty has submitted a proposal for two Ken da la Bastide, Herald-Bulletin phases for a total of $19,900. There could be Tim Stires, Assistant Planning Director costs as far as expert witnesses before the court. The Assessor’s Office is footing the bill for the ROLL CALL AND DECLARATION OF legal counsel. They have requested the City foot QUORUM the bill for the commercial appraisal. There could Mr. Sulc called the meeting to order at 4:32 p.m. be a Peer Appraisal ordered also. and declared a quorum with four (4) members present. A minor discussion was held. MINUTES Mr. de la Bastide asked that if the company won Mr. Royer moved to approve the January 26, their appeal would the City have to reimburse 2016, minutes as received. Mrs. Scott seconded. funds. Motion passed unanimously; 4 yes, 0 no. Mr. Winkler answered yes. Mayor Broderick was concerned that the State Court tended to fall towards professional appraisals rather than the local assessors opinions. This is another reason to have a good commercial appraisal.  Mr. Collette asked since the developer is a third Mr. Royer moved to approve the agreement with party would they have obligations as does the Integra Realty Resources. Mrs. Scott seconded. City and the company. Motion passed unanimously; 4 yes, 0 no. Mrs. Bauer answered yes. Her recommendation Resolution #ARC0 3-16 Resolution of the City of and it is in the transfer resolution is that those Anderson , Indiana Redevelopment obligations will be determined between the Commission Approving a Revised Project developer and the EDC. The EDC is will actually Development Agreement - Italpollina be conducting the financing transaction. Resolution #ARC0 4-16 Resolution of the City of A minor discussion was held on the obligations of Anderson , Indiana Redevelopment the developer and the EDC. Commission Amending Resolution #ARC02-16 Transferring Funds to the Economic Mr. Royer moved to approve Resolution Development Commission Pursuant to IC 36 -7- #ARC03-16. Mrs. Scott seconded. Motion passed 12-19(b) for the Purpose of Financing an unanimously; 4 yes, 0 no. Economic Development Agreement Mr. Sulc explained that he requested the Mr. Royer moved to approve Resolution amendments. At the last meeting there were two #ARC04-16. Mrs. Scott seconded. Motion passed resolutions approved for the Italpollina project unanimously; 4 yes, 0 no. and the financing. The resolutions gave the president the authorization to sign off on any Scatterfield West Change Order changes that may occur. Since there were major Mr. Spyers explained there is currently a contract differences and the Commission was meeting with American StructurePoint. This is a change anyway, he felt it was prudent to make sure all authorization for the redesign of the retention the Commissioners were informed. pond including construction drawings and a revised drainage report in the amount of $7,750. Mrs. Bauer explained the major change involves This is facilitated by a new lot and a potential new the addition of a developer, 2700 Scatterfield business. Road LLC. The previous agreements were with the City acting through the Anderson Mr. Winkler stated the Purdue University/Flagship Redevelopment Commission (ARC) and the project is under construction. The Italpollina Economic Development Commission (EDC) and project will be constructed to the west of that the project. The agreement and transfer facility. The change order impacts the drainage resolutions authorized the transfer of funds to the retention facility. It was originally designed to be EDC which would then per the terms of the at the corner of 27th Street and Intercontinental agreement be provided to Italpollina then they Way. The detention facility is to be moved as would provide the funds to the developer. Due to close as possible to the CSX railroad track. It will favorable tax treatment, it was requested that the be located parallel to the track running west to funds be transferred directly to the developer. east. This opens up two potential lots at the This makes the developer a party to the corner of 27th Street and Intercontinental Way. agreements. This does not affect the total investment in the project. The City Controller is Mr. Royer moved to approve the Scatterfield authorized to transfer the funds, but the West change order. Mr. Collette seconded. developer will apply for the release of the funds Motion passed unanimously; 4 yes, 0 no. instead of the company. The funds are restricted to the use of the construction of the facility. MISCELLANEOUS Mr. Winkler stated this request came from the ADJOURNMENT company and the developer. Mrs. Scott moved to adjourn. Meeting adjourned at 5:03 p.m. Anderson Redevelopment Commission: February 11, 2016 Page 2