Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION May 14, 2024 PUBLIC MEETING 5:00 p.m. Mr. McGhee asked if Anderson Community ED Conference Room, Room #105 Development Corporation, ACDC, could come and 120 East 8th Street report on payments made. Mr. Winkler stated he would Anderson, IN 46016 get a report from ACDC to share with the Commission. Brief discussion followed. Mr. Austin informed MEMBERS PRESENT members ACDC is a conduit, in essence, duplicating Richard Symmes, President the review process and making the payment to Danny McGhee, Vice President KennMar. Mr. Eicks stated KRM is giving us a report Kenneth Davenport, Secretary with each draw and members should be relying and David Eicks reviewing it prior to approval. Joanna Collette, ACSC Non-voting Member Mr. Davenport made a motion to approve Draw #4 in STAFF PRESENT the amount of $59,890.96 for the KennMar Project and Greg Winkler, ED Director Karen Soetenga, ED Dept Mr. McGhee seconded. Motion passed unanimously; 4 Mike Austin, Commission Attorney yes, 0 no. OHTERS PRESENT Action on Purchase of 1415 Raible Avenue Doug Whitham, City Controller Mr. Winkler briefed members on 1415 Raible Avenue, a Andy Skaggs, Perfecto Tool and Engineering parcel just north of the Post Office on Raible Avenue. Samardeep Singh, owner of 1415 Raible Ave. Mr. Austin stated the Commission has received an Ken de la Bastide, Herald Bulletin appraisal from Priser Appraisals in the amount of $85,000 and American United Appraisals for $86,000. OPEN PUBLIC MEETING Mr. Winkler informed members he has been in negotiations with the owner and is recommending the ROLL CALL AND DECLARATION OF QUORUM purchase of the property for $120,000. Mr. Winkler Mr. Symmes, at 5:00 pm., established a quorum with stated Mr. Singh has more than $120,000 invested in five (5) members present. the property. Mr. Winkler stated the purchase of the parcel will put the Commission in a position to negotiate MINUTES Mr. Eicks moved to approve the April 9, 2024 minutes for other properties at the corner and the parcel may be as presented. Mr. Davenport seconded. Motion passed needed in the future for an egress point. unanimously; 4 yes, 0 no. Mr. Winkler introduced Mr. Singh. Discussion followed. FINANCIALS / INVOICES Mr. Eicks asked if there were any environmental issues. Commission members reviewed financials and invoices Mr. Winkler stated the parcel does come with a to be paid. Brief discussion followed. developer covenant prohibiting use of groundwater, a requirement of soil testing before construction and no Mr. Eicks moved to approve the invoices presented in residential construction allowed; there is a similar the amount of $447,651.21. Mr. Davenport seconded. covenant for The Speedway and Save on Liquor parcel. Motion passed unanimously; 4 yes, 0 no. Mr. Winkler stated a Phase 1 and Phase 2 have been completed. Discussion followed. Mr. Austin stated the BUSINESS Commission has the ability to pay more than the Action on KennMar Draw # 4 average of the appraisals if desired. Mr. Singh stated Mr. Winkler, Economic Development Director, reviewed he would not be making any profit on the parcel at the Draw #4 for the KennMar project. Mr. Winkler stated $120,000 and could not sell for anything less. Mike Montgomery, KRM, has reviewed Draw #4 and Discussion followed. noted the construction management paid percentage seems high at this point. Mr. Winkler stated there has Mr. Eicks made a motion for Mr. Austin, Commission been significant construction happening. Brief Attorney, to prepare a purchase agreement for 1415 discussion followed. Raible Avenue in the amount of $120,000 and Mr. Mr. Eicks made a motion to approve the IWM contract McGhee seconded. for a Phase 1 at Former GM Plant 11 parking site, 2911 Scatterfield, and Mr. Davenport seconded. Mr. Singh stated each month he is paying interest and he cannot afford to hold it much longer. Brief Mr. de la Bastide asked if GM Funds can be used for discussion followed. Motion passed unanimously; 4 yes, the payment of the contract. Mr. Winkler stated yes. 0 no. Brief discussion followed. Motion passed unanimously; 4 yes, 0 no. Action on Perfecto Purchase Agreement for Former Meeting was adjourned at 5:40 pm. Plant 10 site – Perfecto Tool and Engineering Mr. Winkler stated Mr. Austin prepared a purchase agreement for the plant 10 site which has been reviewed by Perfecto Tool and Engineering’s attorney. Mr. Austin stated the agreement allows for a purchase price of $1.00 and requires Perfecto comply with the Project Development Agreement which includes standards for investment, payroll and timeline. Mr. Austin stated soil testing will be required as well as a vapor mitigation system. Perfecto will be constructing a 60,000 sq. ft. facility and will incur all costs related to surveys and closing. Mr. Austin briefed members on an offsite water detention facility which will be paid for by the Commission and will serve Perfecto and future development. Discussion followed. Mr. Eicks asked who will own and maintain the retention facility. Brief discussion followed. Mr. Austin stated when the next project presents itself the Commission could work out an easement license agreement with Perfecto and any future owners which could lay out responsibilities, rules and maintenance. Discussion followed. Ms. Collette asked if there is anything in the agreement prohibiting Perfecto from profiting on the parcel should they not move forward. Mr. Eicks stated the protection is the investment and tax revenue generated by the project and secured within the Project Development Agreement. Mr. McGhee made a motion to approve the Purchase Agreement for the former Plant 10 site for the purchase price of $1.00 with Perfecto Tool and Engineering paying all closing costs and Mr. Davenport seconded. Motion passed unanimously; 4 yes, 0 no. Brief discussion followed. Action on IWM contract for Phase 1 – 2911 Scatterfield – Former Plant 11 Parking Lot Mr. Winkler briefed members on an IWM contract for a Phase 1 Study in the amount of $2,200.00 at the former Plant 11 parking site. Page 2