Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION October 3, 2017 PUBLIC MEETING 4:30 p.m. Resolution ARC03-17 of the City of Anderson ED Conference Room #1 Redevelopment Commission Requesting the 120 East 8th Street Issuance by the City of Taxable Economic Anderson, IN 46016 Development Tax Increment Revenue Bonds MEMBERS PRESENT Resolution ARC04-17 of the City of Anderson Michael Collette, President Redevelopment Commission Approving an Kevin Sulc, Secretary Amendment to the Declaratory Resolution and L. Richard Symmes Redevelopment Plan for the Consolidated Danny McGhee Southwest/East-Central/South/Downtown Redevelopment Area MEMBERS ABSENT Carolyn Scott, Vice President Ms. Bauer, Commission attorney, briefed Commission Members on the three resolutions being considered. STAFF PRESENT Ms. Bauer stated Resolution ARC02-17 approves a Ann Marie Bauer, Attorney development agreement, forwarded to Commission Greg Winkler, ED Director members at an earlier date, with NTK Precision Axle Karen Soetenga, ED Staff Corporation. Resolution ARC03-17 is a resolution Gary McKinney, Environmental/Brownfield Specialist requesting the City Council issue a bond in the amount not to exceed 2.7M based on the terms of the OTHERS PRESENT NTK Agreement. At bond counsel’s suggestion, when Doug Whitham, City Controller the resolution was drafted there was an uncertainty of Thomas J. Broderick Jr., Mayor the final numbers resulting in the language of “not to Jack Keesling, Board of Works exceed”. Resolution ARC04-17 amends the Ken de la Bastide, Herald-Bulletin redevelopment plan to designate NTK as the Mike Spyers, City Engineer designated Payer of TIF under personal property. Mr. Councilwoman Crumes, City Council Collette stated he spoke with Ann Marie today and the April Phillips, City Controller’s office actual bond’s net number, $2,209,000, also includes Tim Stires, Municipal Development the amount remaining to complete the Sirmax Agreement. Mr. Collette asked that the motion include ROLL CALL AND DECLARATION OF QUORUM authorizing the controller to look at and negotiate, on Mr. Collette called the meeting to order at 4:30 pm and the Commission’s behalf, a short term bond from a declared a quorum with four (4) members present. local provider. Mr. Sulc asked if that is permissible from a legal perspective and Ms. Bauer indicated it MINUTES was. Mr. Winkler stated since it is a small bond Mr. Symmes moved to approve the September 5, placing it locally would save money. Mr. Sulc stated 2017, minutes. Mr. McGhee seconded. Motion he felt it was a good project but bonds and project passed unanimously; 4 yes, 0 no. development agreements are only a part of what the Commission does and it does not negate the FINANCIALS / INVOICES Nichol/Raible development priority. The Commission After review, Mr. Sulc moved to approve the financial desires to do major work with TIF cash in the near reports and invoices as submitted. Mr. Symmes future. seconded. Motion passed unanimously; 4 yes, 0 no. Mr. Sulc moved to approve Resolution ARC02-17 BUSINESS approving a development agreement with NTK Precision Axle Corporation. Mr. Symmes second. Resolution ARC02-17 of the City of Anderson Motion passed unanimously; 4 yes, 0 no. Redevelopment Commission Approving a Form of Redevelopment Agreement with NTK The Commission gave unanimous consent to Precision Axle Corporation authorize the controller to seek and negotiate a short term bond from a local provider. Mr. Sulc moved to such purposes will help provide a balanced view of approve Resolution ARC03-17 for the Issuance of what we are trying to do and address the Bonds. Mr. Symmes seconded. Motion passed misconception that funds are only directed in one unanimously; 4 yes, 0 no. area. Mr. Winkler stated he understood and the NTK project will provide additional financial resources Ms. Bauer stated Resolution ARC04-17 also includes which can be used for this purpose. language changing the lengthy current title of the consolidated redevelopment area to simply the MISCELLANEOUS Consolidated District. Mr. Sulc moved to approve Mr. Spyers informed Commission members the GM Resolution ARC04-17 amending the redevelopment viaduct, which the Commission inherited with the plan to designate NTK as the Designated Payer of TIF transfer of GM properties, is in need of repair and he under personal property. Mr. Symmes seconded. will be coming before the Commission in November Motion passed unanimously; 4 yes, 0 no. with a request to hire a consultant for Phase one, the bridge inspection with Phase 2, the actual repair, UPDATES following. A brief discussion followed. Mr. Spyers stated he is requesting the Drainage Board to clean EPA: GM Properties out ditch and there are plans to paint the viaduct. Mr. Mr. McKinney explained Plant 7 site temperatures are Collette stated the P3 was looking for a walking path. not up to the level they need due to deeper probes Mr. Winkler stated it could be a possibility and would being done first. Whole area is broken down into nine be a rail to trail project using abandoned rail line. areas. They began with the four deepest and one area out of the four are up to the temperature needed, ADJOURNMENT with the others being close. The work remains on Mr. Collette adjourned the meeting at 4:50 pm. schedule. Italpollina Mr. Winkler stated a proposed sales agreement for property south of Italpollina’s current site will be presented at the November ARC meeting. Replat work is currently being done by a surveyor. Mr. Winkler stated we are waiting for a copy of the lease agreement concerning property to be used for the additional production facility to the north which will not require action, whereas the sale of property across the street will. NTK Mr. Winkler stated they are close to having the building enclosed and the company continues to add new employees. They have hired for second shift and will hire for third shift after the first of the year. Greater Edgewood Plaza Redevelopment Mr. Winkler stated he is hoping to be able to share opportunities with the Commission in November and will pull together information in an email prior. Mr. Sulc stated the Greater Edgewood Plaza Redevelopment remains the Commission’s number one priority and even though we are waiting on initial pieces of the project, such as environmental issues - thank you to Mr. McKinney for his work - the Commission would be anxious to begin additional infrastructure work in that area including such known issues as drainage. Mr. Sulc encouraged staff and administration to begin addressing additional infrastructure issues as soon as possible so that we are ready as opportunities arise. Using TIF Cash for Anderson Redevelopment Commission: August 1, 2017 Page 2