Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION December 4, 2018 PUBLIC MEETING After review of invoices, Mr. Collette moved to 4:30 PM approve the financials and invoices as submitted. Mr. ED Conference Room #1 Symmes seconded. Motion passed unanimously; 5 120 East 8th Street yes, 0 no. Anderson, IN 46016 BUSINESS MEMBERS PRESENT Kevin Sulc, President RESOLUTION ARC13-18 RESOLUTION OF THE Richard Symmes, Vice President CITY ANDERSON REDEVELOPMENT Danny McGhee, Secretary/Treasurer COMMISSION APPROVING A FORM OF Michael Collette ECONOMIC DEVELOPMENT AGREEMENT WITH Aspen Clemons HUDSON HOUSE APARTMENTS, LLC Mr. Sulc briefed members on Resolution ARC13-18. STAFF PRESENT Ms. Bauer stated the resolution approves the form of Ann Marie Bauer, Attorney the project agreement and the requirements of both Greg Winkler, ED Director parties. The resolution allows the Commission to Karen Soetenga, Specialist move forward with an Economic Development Taxable Revenue Bond. Mr. Winkler informed OTHERS PRESENT members of Hudson House Apartments, LLC and Jack Keesling, BOW Member owner Matthew Quinney and his project that consists Doug Whitham, City Controller of the 1.1 M redevelopment of the former Beverly Ken DeLaBastide, Herald Bulletin Terrace apartment building. Mr. Quinney is investing Gary McKinney, Environmental Consultant over $900,000 and the bond will provide an additional Levi Rinker, ED Staff $180,000. Mr. Winkler stated the agreement lists the Anikka King, ED Staff conditions the developer is to meet including Matt Quinney, Hudson House Apartments, LLC improvements to the property and that improvements Councilwoman Crumes be made and inspected before the disbursement of Terry May, Citizen funds. Mr. Quinney was introduced and briefed Ben Orcutt, Citizen members on redevelopment progress to date and Christine Davies, Citizen what is yet to be completed. Question and Answer Domanic Wills, Citizen time followed. Sonia Wills, Citizen Willie B. Jackson, Citizen Mr. Collette moved to approve Resolution ARC13-18 Lyndsey Brown, Citizen as presented. Mr. McGhee seconded. Motion passed Kurt Byanski, Hydro Tech unanimously; 5 yes, 0 no. ROLL CALL AND DECLARATION OF QUORUM President Sulc called the public meeting to order at RESOLUTION ARC14-18 RESOLUTION OF THE 4:30 pm. A quorum was established with four (4) CITY OF ANDERSON REDEVELOPMENT members present. COMMISSION PLEDGING CERTAIN TAX INCREMENT REVENUES TO THE PAYMENT OF MINUTES ECONOMIC DEVELOPMENT REVENUE BONDS Mr. Symmes moved to approve the November 5, 2018 OF THE CITY OF ANDERSON minutes as presented. Ms. Clemons seconded. Mr. Sulc introduced Resolution ARC14-18. Ms. Bauer Motion passed unanimously; 4 yes, 0 no. stated the Resolution requests the City of Anderson issue a taxable economic development revenue bond Mr. McGhee entered the meeting. and includes a pledge to payback the debt service FINANCIALS / INVOICES with TIF increment. President Sulc reviewed the financials. Brief discussion followed. Ms. Clemons moved to approve Resolution ARC14-18 funds go, that would be up to the City Council. Brief as presented. Mr. McGhee seconded. Motion passed discussion followed. unanimously; 5 yes, 0 no. Councilwoman Crumes asked if any community Establishment of 2019 Meeting Dates meetings were scheduled for input. Mr. Sulc stated Mr. Sulc stated it is customary to set meeting dates for the Commission was willing to bring the issue up at a 2019. Ms. Soetenga reviewed 2019 calendar. future meeting of the 2019 Commission. Discussion Discussion followed. followed. Mr. Winkler stated while government can lay out a plan, the plan must have private investment. Consensus was reached to hold the January meeting Brief discussion followed. Mr. Symmes stated the on January 3, 2019 and allow 2019 Commission Mayor wants development in the greater Edgewood members to determine remaining 2019 meeting dates. Plaza site area. Brief discussion followed. Mr. Sulc Brief discussion followed. stated he would encourage the 2019 Commission to formulate the next steps to address the issue. Motion Concerning the Refunding Bond Discussion followed. Mr. Collette made a motion that upon presentation of statements for services by the providers, the City Downtown Redevelopment Controller as fiscal officer of the Anderson Mr. Winkler stated the Commission has completed Redevelopment Commission be authorized to pay their acquisition of 1123 Meridian and Mr. Leser, City from bond proceeds of the TIF Refunding Bonds, Engineer, is making final revisions to the RFP to immediately upon issuance of the Bonds, the fees address the cleanup of the building. Ms. Clemons which constitute costs of issuance. Ms. Bauer stated asked when the RFP would go out and Mr. Winkler invoices for attorneys, underwriting and rating are stated by the first of the year. typically submitted to the trustee but in the case of the refunding bond, there will be no trustee. The motion Mr. Brown asked if there was a use for 1123 Meridian. allows Mr. Whitham, City Controller to step in as Mr. Winkler stated market has indicated a food and trustee to pay invoices and statute allows the beverage establishment could be a fit. Discussion Commission to authorize him to do so. Brief followed. discussion followed. Mr. Symmes seconded. Motion passed unanimously; 5 yes, 0 no. Mr. Collette asked if the Opportunity Zone is more a tool for developers than for the City. Mr. Winkler SUB-COMMITTEE REPORTS answered yes, anyone having capital gains tax to pay can invest in Opportunity Zone census tracts and if Nichol/Raible Redevelopment they hold their funds in for 7 years can have their Mr. Winkler stated there was nothing new to report liability go away. Anderson has four census tracts and environmental cleanup at the former Edgewood designated as Opportunity Zones – including the Plaza site is ongoing as well as discussions with census tract including the former GM Properties off Speedway and potential grocers. Mr. Sulc stated he Scatterfield, the downtown area, the West authorized appraisals on the former Marsh building Central/Edgewood Plaza area and an area including and the Commission will soon be ready to entertain MLK Blvd and the Racer Trust property. Brief making an offer. Discussion followed. Ms. Bauer discussion followed. stated any initial offer for the building must not be more than the average of the two appraisals and the Councilwoman Crumes asked where small Commission has the ability to negotiate from there. businesses fit in. Mr. Winkler stated assistance for Discussion followed. small business comes primarily through Food and Beverage funds, the Revolving Loan Fund and the Councilwoman Crumes asked how many grocers the Bankable loan program. City is currently in conversation with and if any other businesses have been contacted. Mr. Winkler stated I-69/MLK Development the City is currently talking to two grocers and have Mr. Sulc stated there were no updates on the Bagot spoken with several other businesses that have request. indicated they are interested in talking further once a grocer is secured. Scatterfield West/GM Properties Mr. McKinney, Environmental Consultant, stated Plant Mr. Brown, citizen, asked if the City was willing to 7 remediation has included two confirmation sampling make concessions to bring a grocer. Mr. Sulc stated it events and there are only a few small sites that is a priority of the ARC and the Commission is willing continue to need monitoring. Another confirmation to commit funds to making it happen; as far as general Page 2 event will take place in the future with completion expected in the spring. Discussion followed. Ms. Bauer stated the first page of title work for the property north of the Italpollina site was delivered today and an ALTA survey has been ordered. The property will be for a research and development expansion planned by Italpollina. Mr. Sulc thanked all commissioners for making his job easier as President and the guests for attending. He encouraged maintaining and increasing the communication between the commissioners and the Mayor and stated he welcomed conversations with the community, as well. Meeting was adjourned at 5:25 pm. Page 3