Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION November 5, 2018 PUBLIC HEARING OPEN PUBLIC HEARING 4:30pm ED Conference Room #1 RESOLUTION ARC09-18 OF THE CITY OF 120 East 8th Street ANDERSON REDEVELOPMENT COMMISSION Anderson, IN 46016 CONFIRMING AMENDMENTS TO THE DECLARATORY RESOLUTIONS AND PLANS FOR PUBLIC MEETING THE CONSOLIDATED ANDERSON Immediately Following Public Hearing REDEVELOPMENT AREA AND THE 29TH ED Conference Room #1 STREET ECONOMIC DEVELOPMENT AREA 120 East 8th Street Mr. Sulc introduced Resolution ARC 09-18 and Anderson, IN 46016 inquired if any remonstrance had been filed. Ms. Soetenga stated none were received. Mr. Sulc asked MEMBERS PRESENT if the audience had any questions. Mr. DeLaBastide, Kevin Sulc, President Herald Bulletin, asked how many TIF districts there Richard Symmes, Vice President are in the City of Anderson. Mr. Pitman, Barnes and Michael Collette Thornburg stated the City has two allocation areas Aspen Clemons and four TIF districts. MEMBERS ABSENT CLOSE PUBLIC HEARING Danny McGhee, Secretary/Treasurer OPEN PUBLIC MEETING STAFF PRESENT Ann Marie Bauer, Attorney MINUTES Greg Winkler, ED Director Ms. Clemons moved to approve the October 2, 2018 Karen Soetenga, Specialist minutes as presented. Mr. Symmes seconded. Motion passed unanimously; 4 yes, 0 no. OTHERS PRESENT Mayor Thomas J. Broderick FINANCIALS / INVOICES David Eicks, BOW Chairman President Sulc reviewed the financials. Brief Jack Keesling, BOW Member discussion followed. Doug Whitham, City Controller Ken DeLaBastide, Herald Bulletin After review of invoices, Mr. Symmes moved to Tom Pitman, Barnes and Thornburg approve the financials and invoices as submitted. Mr. Jerrod Hall, O.W. Krohn Collette seconded. Motion passed unanimously; 4 Lori Sylvester, CATS yes, 0 no. Jerry Bridges, MCCOG Mike Montgomery, KRM BUSINESS Tim Stires, Municipal Development Mark Slayton, ED Deputy Director RESOLUTION ARC09-18 OF THE CITY OF Chuck Leser, City Engineer ANDERSON REDEVELOPMENT COMMISSION Erv Rockhill, Citizen CONFIRMING AMENDMENTS TO THE Timothy Jordan, The Trinity Corporation DECLARATORY RESOLUTIONS AND PLANS FOR THE CONSOLIDATED ANDERSON REDEVELOPMENT AREA AND THE 29TH STREET ECONOMIC DEVELOPMENT AREA Mr. Pitman stated the City of Anderson currently has two ROLL CALL AND DECLARATION OF QUORUM redevelopment areas one including three TIF districts – President Sulc called the public meeting to order at FARM , Nestle and a consolidated area and the 4:30 pm. A quorum was established with four (4) second includes one TIF district – 29th ST/Kroger. members present. Resolution ARC09-18 folds in the two redevelopment areas and collapses the four TIF districts into one. to pay off the Kroger bond early with current reserves. Mr. Pitman stated the consolidation simplifies the Brief discussion followed. ability to issue debt by approving the City’s ratios and parity. Brief discussion followed. Ms. Clemons moved to approve Resolution ARC11-18 as presented. Mr. Symmes seconded. Motion passed Mr. DeLaBastide asked if the advantages are the ease unanimously; 4 yes, 0 no. to access funds and funds can now be used throughout the district. Mr. Pitman stated that was RESOLUTION ARC12-18 OF THE ANDERSON correct. REDEVELOPMENT COMMISSION AUTHORIZING THE APPLICATION OF TAX INCREMENT Mr. Symmes moved to approve Resolution ARC09-18 REVENUES FROM THE CONSOLIDATED as presented. Ms. Clemons seconded. Motion ANDERSON REDEVELOPMENT AREA passed unanimously; 4 yes, 0 no. ALLOCATION AREA FOR A PROPOSED TRANSIT CENTER PROJECT Mr. Sulc stated the Commission was approached by RESOLUTION ARC10-18 OF THE CITY OF the City last month to consider pledging monies for a ANDERSON REDEVELOPMENT COMMISSION new Transit Center. The Commission was briefed on AUTHORIZING THE ISSUANCE OF BONDS FOR federal and CDBG funds to be used and the need for a THE PURPOSE OF PROVIDING FUNDS TO 1.3M match. Mr. Sulc stated the resolution pledges REFUND CERTAIN OUTSTANDING CITY OF an amount not to exceed 1.5M to be used as the local ANDERSON, INDIANA, ECONOMIC match for federal funds. DEVELOPMENT REVENUE BONDS AND CITY OF ANDERSON, INDIANA, REDEVELOPMENT Mayor Broderick stated in addition to the CDBG funds, DISTRICT TAX INCREMENT REVENUE BONDS; an additional match was needed. The Transit Center AND PAYING THE COSTS OF ISSUING THE will serve moderate to low income population and will BONDS be a positive addition to downtown. In addition, the Mr. Sulc introduced Resolution ARC10-18, for the building will be Gold LEED, first class project and the issuance of bonds for the purpose of refunding City is asking the Commission to move forward with existing bonds. Mr. Hall, OW Krohn, stated the the pledge. Brief discussion followed. refunding will result in a 2M savings and there is no new money component. Brief discussion followed. Mr. Symmes moved to approve Resolution ARC12-18 Mr. Sulc asked Mr. Whitham, City Controller if some as presented. Mr. Collette seconded. Motion passed financial accounts will be consolidated. Mr. Whitman unanimously; 4 yes, 0 no. stated Kroger and Nestle Bond and Interest accounts will be consolidated into a Redevelopment Bond and SUB-COMMITTEE REPORTS Interest account. The Nestle TIF capital fund will be dissolved and all funds that don’t pay debt will go into Nichol/Raible Redevelopment 7200 fund TIF Levy Fund. Mr. Collette inquired about Mr. Winkler stated the cleanup is complete at the added benefits to the ARC greater than 2M resulting former dry cleaner site and monitoring is continuing to from an increase between tax revenue and bond take place. Mr. Sulc stated Brownfield Clean-up could payments and if a forecast could be done. Mr. Hall be removed from the agenda moving forward. Ms. stated yes, there would be an increase. Brief Clemons asked Mr. Winkler to let members know discussion followed. when the monitoring is complete. Mr. Collette moved to approve Resolution ARC10-18 Downtown Redevelopment as presented. Ms. Clemons seconded. Motion Mr. Sulc stated the Commission now owns 1123 passed unanimously; 4 yes, 0 no. Meridian. Mr. Winkler stated the RFP for Cleanup is in it’s final stage of review and will be submitted for bids in the near future. Brief discussion followed. RESOLUTION ARC11-18 OF THE CITY OF ANDERSON REDEVELOPMENT Mr. Sulc stated a resolution concerning Beverly COMMISSION AUTHORIZING THE CASH Terrace project could be expected at the next ARC DEFEASANCE AND RETIREMENT OF CERTAIN meeting. TAX INCREMENT REVENUE BONDS, AND ALL MATTERS RELATED THERETO. I-69/MLK Development Mr. Sulc introduced Resolution ARC11-18. Ms. Bauer Mr. Sulc stated there were no updates on the stated Resolution ARC11-18 allows the Commission Bagot/Rail Spur issue. Page 2 Scatterfield West/GM Properties Mr. Winkler stated the monitoring at the Plant 7 site is near complete and they are beginning to remove monitoring wells. Mr. Sulc stated he had authorized leaving the gravel in place. Mr. Sulc stated the ribbon cutting at Italpollina was held earlier in November. Mr. Winkler stated Italpollina is waiting on a comfort letter from IDEM before moving forward with Research and Development phase. Meeting was adjourned at 4:59pm. Page 3