Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION October 4, 2016 PUBLIC MEETING FINANCIALS 4:30 p.m. Mr. Collette moved to approve the invoices as ED Conference Room #1 presented. Mr. Royer seconded. Motion passed 120 East 8th Street unanimously; 4 yes, 0 no. Anderson, IN 46016 INVOICES MEMBERS PRESENT Mr. Royer moved to approve the invoices as Kevin Sulc, President submitted. Mr. Puckett seconded. Motion Joe Royer, Vice President passed unanimously; 4 yes, 0 no. Justin Puckett, Secretary Michael Collette, Member BUSINESS MEMBERS ABSENT Resolution ARC16-16 Resolution of the City of Carolyn Scott, Member Anderson Redevelopment Commission Amending Resolution No. 06-06 Authorizing the STAFF PRESENT Issuance of Tax Increment Revenue Bonds for Ann Marie Bauer, Attorney the Purpose of Providing Funds to Pay for Greg Winkler, Director Redevelopment Projects and Incidental April Phillips, Financial Specialist Expenses in Connection Therewith and on Karen Pettigrew, Small Business Specialist Account of the Issuance of the Bonds Mrs. Bauer explained the resolution clears up OTHERS PRESENT some ambiguity that has arisen between bond Doug Whitham, City Controller’s Office issuing documents that raised some questions Mike Spyers, City Engineer duringthe S&P rating process. This amends the Jack Keesling, Board of Public Works 2006 bond resolution for the Nestle area. It is Tom Tijerina part of the consolidated district even though it is Darla Couch, Anderson TV its own allocation area. This clears up the Tim Stires, Municipal Development ambiguity to S&Ps satisfaction and allows us to proceed forward with the original plan. ROLL CALL AND DECLARATION OF QUORUM Mr. Sulc mentioned that the members were Mr. Sulc called the meeting to order at 4:30 p.m. briefed on the resolution. and declared a quorum with four (4) members present. Mr. Winkler stated Standard & Poor gave the bond that was sold today an A- rating. This is an MINUTES A- rating with no tax back up. For a TIF district, Mr. Puckett moved to approve the September 20, this rating is exceptional. 2016, minutes as received. Mr. Royer seconded. Motion passed unanimously; 4 yes, 0 no. The rate and the premium on the bond was discussed. Mr. Royer moved to approve Resolution ARC16- 16. Mr. Collette seconded. Motion passed unanimously; 4 yes, 0 no. Resolution ARC17-16 Resolution of the City of Baxter Pest Control. Is there a deadline for Anderson Redevelopment Commission responding to NRP regarding their proposal? Authorizing the Defeasance of Certain Taxable Economic Development Revenue Bonds of the Mrs. Bauer stated there was no deadline. City, and All Matters Related Thereto Regarding the other properties, no action may be Mrs. Bauer explained the resolution is in relation taken for 30 days. to the previous bond. Once the ambiguity was cleared up, then there was the issue of coverage Mr. Tijerina explained he is interested in using calculations for the bonds on parity or superior the former Baxter Pest Control property for his standings. It was determined if the Italpollina not-for-profit, Epic Initiatives. They are currently bond were to be paid off it would raise the located in the basement of Celebration Church coverage and have less outstanding debt. If this on Arrow Avenue. They hold boxing classes, bond is paid off, it will assist with the rates and yoga classes, hanging out time with teenagers parity. from the neighborhood, etc. The problem is that there is water puddling in the building, asbestos, Mr. Collette asked what fund would pay off the lead based paint, mold and it is very cramped bond. and crowded. The organization is looking for a larger location that they can put more equipment Mr. Winkler stated the TIF Levy. in. This would show activity in the area which would help the restaurants and the grocery store. Mr. Puckett moved to approve Resolution This would be something positive for the area ARC17-16. Mr. Royer seconded. Motion passed with people coming and going. There would be unanimously; 4 yes, 0 no. enough space to provide the financial literacy courses that they have been doing at remote Sale of Property: Former General Motors locations around the city. Property located in the 2400 block of Columbus Avenue on the East Side Mr. Sulc will continue to discuss this with the Mr. Winkler summarized the new offer. The offer Commissioners and staff. was for $150,000 for half the property. Purdue/Flagship Makers Space Facility (P3) A discussion was held on the deed covenants Mr. Winkler stated the interior work is being and prohibited uses. completed. Mr. Collette moved to approve the amended offer Scatterfield West Redevelopment with the stipulation the company purchase the Mr. Spyers explained that Milestone is currently entire parcel or release the deed restrictions. Mr. paving Scatterfield Road. Royer seconded. Motion passed unanimously; 4 yes, 0 no. Mr. Sulc asked if Purdue Parkway was being extended beyond Italpollina. UPDATES Mr. Spyers stated it was being extended to EPA: GM Properties Monroe and connected to Intercontinental Way, There was nothing new to report. but there would be no curbs or sidewalks. NTN Mr. Spyers explained the water lines are currently Greater Edgewood Plaza Redevelopment being extended. The Booster Pump price Mr. Winkler mentioned staff is continuing to proposals will be submitted next week to the review the RFP from NRP. Board of Public Works. The acceleration/deceleration lane, water connection, Mr. Sulc mentioned that no RFPs were received and booster pump still need to be completed. for the front half of the property nor the former Anderson Redevelopment Commission: October 4, 2016 Page 2 Parking Garage Mr. Sulc requested Mrs. Bauer and Mr. Keesling contact Mr. David Eicks in regards to providing a report on the parking garage. A report is due as per the lease agreement. Italpollina Mr. Winkler stated a proposal was submitted to Italpollina regarding their R&D phase on the acreage to the south of where their current facility is located. The incentive proposal has been verbally accepted. The Commission would need to take action on the land. MISCELLANEOUS ADJOURNMENT Mr. Royer moved to adjourn the meeting. Meeting adjourned at 5:17 p.m. Anderson Redevelopment Commission: October 4, 2016 Page 3