Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION October 2, 2018 President Sulc reviewed the financials. Brief PUBLIC MEETING discussion followed. 4:30pm ED Conference Room #1 After review of invoices, Mr. Collette moved to 120 East 8th Street approve the financials and invoices as submitted. Ms. Anderson, IN 46016 Clemons seconded. Motion passed unanimously; 4 yes, 0 no. MEMBERS PRESENT Kevin Sulc, President BUSINESS Richard Symmes, Vice President Michael Collette Presentation by Matthew Quinney regarding Beverly Aspen Clemons Terrace Apartments Project Consideration of Resolution to add Beverly Terrace MEMBERS ABSENT Apartments Project to the Plan Danny McGhee, Secretary/Treasurer Mr. Quinney briefed members on his effort to rehab the former Beverly Terrace Apartments on Central STAFF PRESENT Avenue and his request of a TIF bond to help secure Ann Marie Bauer, Attorney needed funding. Mr. Quinney stated the building was Greg Winkler, ED Director purchased for $150,000 and the renovations will cost $950,000. Mr. Quinney will invest $170,000 cash and OTHERS PRESENT has $750,000 secured in a bank loan leaving a gap of Mayor Thomas J. Broderick $180,000. Jack Keesling, BOW Member Doug Whitham, City Controller Mr. Winkler stated the current assessment is $338,800 Ken DeLaBastide, Herald Bulletin and estimated assessment after stabilization is 1.5M. Gary McKinney, Environmental Consultant The increment over 11 years under the new estimated Tom Pitman, Barnes and Thornburg assessment would reach $255,464. Mr. Winkler Timothy Jordan, All State Insurance started the request would be for a TIF bond not to Lori Sylvester, CATS exceed $200,000 with a net value of $180,000. Jerry Bridges, MCCOG Similar taxpayer language as the Tower Apartment Kevin Montgomery, KRM agreement would be inserted stating Mr. Quinney Mike Montgomery, KRM would be responsible for any shortfall that the new Levi Rinker, ED Staff assessment might create. In addition, distribution of Matt Quinney, Beverly Terrace/Hudson House funds would be subject to the quality of work and the Paul Podlejski, Assistant City Attorney substantial completion of the project. Discussion Samantha Pancol, PIO – City of Anderson followed. Tim Stires, Municipal Development Lelia Kelley, Community Development Consensus was reached to take the project under Mark Slayton, ED Deputy Director advisement and bring back a Development Agreement, Resolution adding the Beverly Terrace ROLL CALL AND DECLARATION OF QUORUM project to the Plan and a Resolution to begin the bond President Sulc called the public meeting to order at process at the November meeting. 4:30 pm. A quorum was established with four (4) members present. Presentation of Downtown Transit Station Project and Review of Request for ARC Participation MINUTES Mayor Broderick introduced the Transit Station Project Mr. Collette moved to approve the September 25, team including Mike and Kevin Montgomery, Ms. 2018 minutes as presented. Mr. Symmes seconded. Kelley, Ms. Sylvester, Mr. Podlejski and Mr. Bridges. Motion passed unanimously; 4 yes, 0 no. Mayor Broderick stated the Transit Station Project includes $750,000 in CDBG funding and 6.3M FINANCIALS / INVOICES awarded by the Madison County Council of Government. Total Project cost, with a 12% CDBG allotting $750,000. All the landscaping and contingency will total 8.3M, leaving an approximate tenant opportunities are considered public space use. 1.3M shortfall. President Sulc asked Ms. Kelley, City of Anderson Mayor Broderick briefed members on his belief in Community Development, to explain the CDBG public transportation, the $100,000 match raised to portion of the funding. Ms. Kelley stated CDBG is date and the CATS yearly budget of 2.7M. Several interested in funding public spaces for, specifically, the buses and Nifty Lifts have been replaced in recent low to moderate income population, where individuals years. Mayor Broderick stated the terminal would be may work and receive services. Ms. Kelley stated she located on the O’Conner lot and behind the former is required to show progress in the projects that CDBG State Theatre at 13th and Jackson. It will be a 3-story funds. Mr. Symmes stated the process has been long multi use terminal, ADA compliant, Gold Leed, and will and detailed. Mr. Collette stated he was in support of enhance the entire area. Mayor Broderick stated the TIF being used and sees the project as a tool for project would create synergy for the downtown as it Economic Development. Brief discussion followed. furthers the development already taking place with Mayor Broderick stated the ownership of the building Kettletop, Oakley Brothers, Farm Society and others. would depend on FTA rules. Mr. Montgomery, KRM, presented the plans for the President Sulc asked counsel if this expense would be terminal. Jackson Street would be reduced to 2 lanes a qualified TIF expense..Mr. Pitman, Barnes and in front of the new building and a parking lane would Thornburg, stated the project would already qualify as be added. The traffic light at 13th and Jackson would a project under the Redevelopment Plan as Downtown be removed and a turn only lane would be placed at Public Improvements. TIF funds would be used for 14th Street in the east lane. Mr. Montgomery informed public infrastructure to support the construction of the members half of the buses would come in to the building. terminal from Jackson Street and half the buses would come in from 13th Street. Landscaping and There was a consensus to consider the request in a streetscaping would begin at 12th Street. formal resolution at the next ARC meeting. Mr. Collette asked if the YMCA sold a parking lot to SUB-COMMITTEE REPORTS the city. Mayor Broderick stated yes. Nichol/Raible Redevelopment Ms. Clemons asked how many businesses were Mr. Winkler stated the cleanup is complete at the involved in the discussion concerning the reroute of former dry cleaner site and monitoring is continuing to traffic. Mr. Montgomery answered Harbor Group was take place. contacted and they stated they were good with the changes. Mayor Broderick also added that they have Mr. Winkler stated ongoing negotiations are taking talked to others in the area and no opposition was place with a grocery provider. voiced. Downtown Redevelopment Mr. Montgomery stated the building will be 16,000 sq. Ms. Bauer, Commission Attorney, stated both a signed ft., the 1st floor on the north side will be for the transit quick claim deed and agreement with Ms. Harris and a station and the rest of building will be for future tenant tax deed are currently being pursued for 1123 space: 1st floor could be for 2 tenants, 2nd floor will be Meridian Street. 3,700‘ usable space and 3rd floor has a walkout patio. Current downtown design and historic detail were I-69/MLK Development taken into consideration during design. Discussion Mr. Winkler stated President Sulc, as authorized by followed. the Commission, is negotiating the purchase of Mr. Bagot’s property. The construction is scheduled to be completed by 2/15/2020 with bids going out 11/8/18 and bids Scatterfield West/GM Properties received by 12/17/18. Mr. McKinney, Environmental Consultant, updated members on Plant 7 clean up stating testing is almost A question and answer time followed. complete. Mr. Montgomery asked Mr. Bridges, MCCOG, if he Mr. Winkler stated Italpollina Grand Opening is slated would brief members on the federal funds used. Mr. for October 26th at 10:00am and Commission Bridges stated funds are an 80/20 match. MCCOG Members are invited. and CDBG funds are only matching funds to date, with Page 2 Meeting was adjourned at 5:50pm. Page 3