Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION May 24, 2016 ROLL CALL AND DECLARATION OF PUBLIC MEETING QUORUM 4:30 p.m. Mr. Sulc called the meeting to order at 4:30 p.m. and ED Conference Room #1 declared a quorum with four (4) members present. 120 East 8th Street Anderson, IN 46016 BUSINESS MEMBERS PRESENT Discussion of Strategic Plan Kevin Sulc, President A discussion was held on the financial, geographic, Joe Royer, Vice President and project priorities for 2016-2017. Justin Puckett, Secretary Michael Collette, Member The members discussed the following: MEMBERS ABSENT 1) Having a cash balance of $4,000,000 - Carolyn Scott, Member $5,000,000 at the end of 2016 to be available for priorities; STAFF PRESENT 2) Continued engagement in the General Motors Ann Marie Bauer, Attorney property and brownfield cleanup and Greg Winkler, Director redevelopment; Michael Frischkorn, Deputy Director 3) Leave the ARC Lease Rental/GM funds to be April Phillips, Financial Specialist used for cash flow and EPA clean up; 4) 73rd Street extension is not high on the priority OTHERS PRESENT list; Vince Smith, JobSource 5) Request the movement of $3,500,000 of the Tom Seal, F.C. Tucker Nestle TIF fund into the TIF Levy; Doug Whitham, City Controller 6) Request the use of $1,000,000+ excess TIF Ken da la Bastide, Herald-Bulletin Debt Reserve; Antony Bibbs, City Council 7) Move forward with official process of Rebecca Crumes, City Council requesting an approximate $7,000,000 Tom Pittman, Barnes & Thornburg reimbursement bond; 8) Pay off 2004A bond and call the final two principal payments on the Kroger bond; 9) Nichol / Raible Avenue area is the number one geographic priority; and 10) Downtown and General Motor’s / brownfield properties tied for second on the geographic priority list. 11) Projects should create jobs for citizens of Anderson, increase taxes to Anderson Community School System, spur community collaboration, spur real estate market which increases taxes, beautify the City for the existing community and incoming employees and their families, and provide needed infrastructure. Mr. Winkler mentioned that Nestle was billed for approximately $248,000 for part of the “impact fee” which was part of their tax abatement. The funds can only be used for the Edgewood Plaza area. MISCELLANEOUS ADJOURNMENT Meeting adjourned at 6:04 p.m. Anderson Redevelopment Commission: May 24, 2016 Page 2