Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION August 6, 2019 Mr. Winkler, Economic Development Director, briefed PUBLIC MEETING members on ARC10-19, a resolution approving a project 5:00pm agreement with SER North America LLC. Mr. Winkler ED Conference Room #1 introduced Marco Spinello from Sirmax. Mr. Winkler 120 East 8th Street stated the Resolution approves a project development Anderson, IN 46016 agreement with the wholly owned subsidiary of Sirmax, SER North America, LLC, a plastic recycling company MEMBERS PRESENT which produces reusable plastic for public use. Mr. Ricard Symmes, President Winkler stated the total investment for the project is Danny McGhee, Vice President estimated at 17M. Sirmax to date has invested 27M and Aspen Clemons, Secretary/Treasurer has employed 35 with the new project adding an Kevin Sulc additional 38 employees over time. Mr. Winkler informed members of 1.5M TIF Bond not to exceed MEMBERS ABSENT 1.75M. Mr. Whitman stated he is looking into securing David Eicks the bond with cash or cd with a borrowing cost of 1.5% making it cost effective. Question time followed. Mr. STAFF PRESENT Winkler stated the offer also includes $500,000 to build Ann Marie Bauer, Attorney out the existing rail spur and $100,000 for water, Greg Winkler, ED Director wastewater and electric. Discussion followed. Ms. Karen Soetenga, Specialist Clemons asked how many current employees are local residents. Mr. Spinello stated he was not sure but knows OTHERS PRESENT they are from the area and can get the information. Ms. Doug Whitham, Controller’s Office Clemons asked when negotiating the agreement was Marc Slayton, ED Deputy Director there an agreement to hire locally that included a Anikka King, ED Specialist percentage of the total workforce. Mr. Winkler stated Tim Stires, Municipal Development because of the nature of the jobs, 80-90 percent are Marco Spinello, Sirmax North America, Inc going to be Anderson and have Anderson driving Gary McKinney, Environmental Consultant licenses. Discussion followed. Ken DeLaBastide, Herald Bulletin Jean Poole, E-cubed Mr. McGhee moved to approve Resolution ARC10-19 as Clarence Swain, Citizen presented. Mr. Sulc seconded. Motion passed; 3 yes, 1 Betty Williams, Citizen no. Ms. Clemons stated her no vote was based on the project agreement and her desire to see, moving forward, ROLL CALL AND DECLARATION OF QUORUM commitment for local workforce development. Ms. President Symmes at 5:00 pm. established a quorum Clemons stated it was nice to hear they have hired locally with four (4) members present. and their ability to hire locally demonstrates a workforce within Anderson that fits their needs so it would not be MINUTES taxing to add a written commitment to future agreements. Mr. Sulc moved to approve the July 9, 2019 minutes as presented. Ms. Clemons seconded. Motion passed RESOLUTION ARC11-19 OF THE CITY OF unanimously; 4 yes, 0 no. ANDERSON REDEVELOPMENT COMMISSION PLEDGING CERTAIN TAX INCREMENT REVENUES FINANCIALS / INVOICES TO THE PAYMENT OF ECONOMIC DEVELOPMENT After a brief review, Mr. Sulc moved to approve the REVENUE BONDS OF THE CITY OF ANDERSON financials and invoices as submitted. Mr. McGhee Ms. Bauer, Commission Attorney briefed members on seconded. Motion passed unanimously; 4 yes, 0 no. Resolution ARC11-19 pledging TIF to the repayment of Economic Development Revenue Bond with net BUSINESS proceeds of 1.5M loaned to the project, SER North America, LLC. Discussion followed. Mr. Sulc asked if RESOLUTION ARC10-19 OF THE CITY OF Mr. Whitham has discretion as to when the bond is paid ANDERSON REDEVELOPMENT COMMISSION off. Ms. Bauer stated yes, typically discretion is granted APPROVING A FORM OF PROJECT AGREEMENT to the controller. Mr. Sulc stated his preference would be WITH SER NORTH AMERICA LLC it be paid off as soon as possible. Mr. Whitham stated that would be the goal and given the size, the payment will be scheduled soon and a September 10th ribbon could be handled out of cash and, typically, a CD would cutting has been set. Discussion followed. be for a term of six months. Discussion followed. Mr. Winkler informed members the former Beverly Mr. Sulc moved to approve Resolution ARC11-19 as Terrace Apartments are closing in on completing the 2nd presented. Mr. McGhee seconded. Motion passed and 3rd floors. Discussion followed. unanimously; 4 yes, 0 no. I-69/MLK Development RESOLUTION ARC12-19 OF THE CITY OF Mr. Winkler stated there was nothing new to add ANDERSON REDEVELOPMENT COMMISSION concerning Bagot and two large projects involving food APPROVING AMENDMENTS TO THE production and data are in final stages of engineering to DECLARATORY RESOUTION AND see if sites in the area will work. REDEVELOPMENT PLAN FOR THE CONSOLIDATED ECONOMIC DEVELOPMENT /REDEVELOPMENT Scatterfield West/GM Properties AREA Mr. McKinney stated former Plant 7 still has a couple Mr. Symmes read a letter from Mayor Thomas J. small areas still under remediation levels and every effort Broderick Jr. requesting the Commission’s support of is being made to get them shut down. Resolution ARC12-19 amending the plan to allow for the purchase of real estate in the Nichol/Raible area. Mr. Mr. Winkler stated Italpollina closed on property north of Winkler stated the resolution enables the Commission, at their facility last month for their Research and an estimated amount of 1.5M, to purchase certain Development facility and finances have been secured. properties as well as the demolition of yet to be determined buildings. Discussion followed. Mr. McGhee expressed desire for the main Post Office to be MISCELLANEOUS encouraged to upgrade their facilities. Further discussion Mr. Sulc stated he would likely be asking to have an followed. Mr. DeLaBastide asked when activity might agenda item added for September. start and Mr. Winkler stated as early as 2020. Mr. DeLaBastide asked how the resolution impacts the Mr. McGhee made a motion to adjourn, Ms. Clemons Marsh store. Mr. Winkler stated it affects it seconded. The meeting was adjourned at 5:45 pm. tremendously. If the Commission does not address both sides of Nichol and the corridor as a whole, the needed impact will not be achieved. Discussion followed. Ms. Clemons moved to approve Resolution ARC12-19 as presented. Mr. Sulc seconded. Motion passed unanimously; 4 yes, 0 no. UPDATES Nichol/Raible Redevelopment Mr. Winkler stated environmental monitoring continues at the former Edgewood Plaza site and Speedway has indicated they are close to securing a no further action ruling. Discussion followed. Downtown Redevelopment Mr. Winkler briefed members on the City of Anderson Board of Works purchase of the State Theatre and stated calls from four different interested parties have been received. Mr. Winker stated he was not sure if the Commission would be asked to handle the redevelopment and reuse of the building. Mr. Winkler informed members he talked to a person interested in securing 1123 Meridian for a restaurant who may be willing to address the significant structural issues, which have slowed the reuse process. Mr. Winkler stated the Tower Apartments are still delayed. Ms. Bauer informed members the top floor is near completion and they are proceeding as agreed. Discussion followed. Mr. Winkler stated a walk through Page 2