Anderson Redevelopment Commission

MINUTES ANDERSON REDEVELOPMENT COMMISSION July 16, 2024 PUBLIC MEETING 5:00 p.m. Action on KennMar Draw # 5 and #6 ED Conference Room, Room #105 Mr. Winkler reviewed Draw #5 for the KennMar project. 120 East 8th Street Mr. Winkler stated Mike Montgomery, KRM, has Anderson, IN 46016 reviewed Draw #5. Mr. Winkler stated he and Mr. Montgomery recently completed a walk through and MEMBERS PRESENT KennMar is in the process of doing the plumbing and Richard Symmes, President will be starting the electrical soon as well as the exterior Danny McGhee, Vice President façade. Brief discussion followed. Kenneth Davenport, Secretary Mr. Davenport made a motion to approve Draw #5 in STAFF PRESENT the amount of $185,978.23 for the KennMar Project and Greg Winkler, ED Director Mr. McGhee seconded. Motion passed unanimously; 3 yes, 0 no. OPEN PUBLIC MEETING Mr. Winkler briefed members on Draw #6. Mr. Winkler ROLL CALL AND DECLARATION OF QUORUM stated no construction cost is included, the draw Mr. Symmes, at 5:00 pm., established a quorum with includes design work and everything that it takes to get three (3) members present. to the next phase. Mr. McGhee inquired about the interest being paid. Mr. Winkler stated the interest is MINUTES the Commission’s interest portion of a construction loan; Mr. Davenport moved to approve the June 4, 2024 Stockyard bank is financing a portion of the project. Mr. Executive and Regular Meeting Minutes as presented. Winkler stated the loan was factored into the Project Mr. McGhee seconded. Motion passed unanimously; 3 Development Agreement. yes, 0 no. Mr. McGhee made a motion to approve Draw #6 in the FINANCIALS / INVOICES amount of $98,966.19 for the KennMar Project and Mr. Commission members reviewed financials and invoices to be paid. Davenport seconded. Motion passed unanimously; 3 yes, 0 no. Mr. Davenport moved to approve the invoices presented in the amount of $136,924.81. Mr. McGhee Meeting was adjourned at 5:11 pm. seconded. Motion passed unanimously; 3 yes, 0 no. BUSINESS Action on Madison County Economic Development invoice – Property Development Expenses Mr. Winkler, Economic Development Director, stated the invoice includes Orchard Park Aubrey - Wetland Delineation and Flagship Park Mort and Orchard Park North - Geotech Surveys. Mr. Winkler stated the invoice has already been paid by Madison County Economic Development Corporation and will be a reimbursement. All properties are located within the TIF District. Brief discussion followed. Mr. McGhee made a motion to approve the MCED invoice in the amount of $37,567.00 for property development expenses and Mr. Davenport seconded. Motion passed unanimously; 3 yes, 0 no.