Economic Development Commission

MINUTES ECONOMIC DEVELOPMENT COMMISSION January 12, 2017 PUBLIC MEETING 4:45 p.m. BUSINESS Conference Room #1 120 East 8th Street Memorandum of Understanding Anderson, IN 46016 Mr. Winkler mentioned the Memorandum of MEMBERS PRESENT Understanding (MOU) was emailed to all the Bill Nagengast, President members. The MOU finalizes an agreement Roger Reed, Member between the City and Sirmax for $440,668.60. Antony Bibbs, Member This is for a utility component for $343,668.60 and Lisa Hobbs, Member for a vapor mitigation system for $97,000. In the original Project Development Agreement (PDA) MEMBERS ABSENT Mary Jamerson, Secretary / Treasurer the utilities were part of the incentive package. The utilities were to be extended to the building; STAFF PRESENT however, there was not a cost associated with it in Tim Lanane, City Attorney the PDA. This will also amend the PDA in that the Greg Winkler, Director utilities on Sirmax’s property will be Sirmax’s April Phillips, Economic Development Staff Karen Pettigrew, Economic Development Staff responsibility to maintain. Sirmax is also requesting that the job performance dates be OTHERS PRESENT postponed for two years. They currently have 24 Ann Marie Bauer, Anderson Redevelopment jobs with a total payroll of $811,429.84. According Commission Attorney to the PDA, they should be at $880,000 in total Ken da la Bastide, Herald-Bulletin payroll. They are $69,000 behind. This is why the Doug Whitham, City Controller clause is being triggered. The clause does say Rob Sparks, Corporation for Economic Development the company can request this postponement for two years. The total investment was supposed to ROLL CALL AND DECLARATION OF be $26,650,000 including the purchase of 26 QUORUM acres of property. They have purchased 26.2 Mr. Nagengast called the meeting to order at 4:45 p.m. and declared a quorum with four (4) acres and the total investment to date is members in attendance. $27,193,988. ELECTION OF OFFICERS Mr. Nagengast asked if Sirmax had plans to hire more employees. President Mr. Reed moved to nominate Mr. Nagengast as President. Ms. Hobbs seconded. Motion passed Mr. Winkler answered yes. unanimously; 3 yes, 0 no, 1 abstention. Mr. Nagengast asked at what capacity they were Vice President currently. Ms. Hobbs moved to nominate Mr. Bibbs as Vice President. Mr. Reed seconded. Motion passed Mr. Winkler answered approximately 55 percent. unanimously; 3 yes, 0 no, 1 abstention. Secretary/Treasurer Mr. Nagengast asked if the administration was in Ms. Hobbs moved to nominate Mrs. Jamerson as support of the MOU. Secretary/Treasurer. Mr. Bibbs seconded. Motion passed unanimously; 4 yes, 0 no. Mr. Lanane stated the administration has been MINUTES involved with negotiations and fully supports the Mr. Bibbs moved to approve the December 8, 2016, minutes as received. Mr. Reed seconded. Motion MOU. passed; 3 yes, 0 no, 1 abstention. Mr. Winkler discussed the vapor mitigation system. Mr. Bibbs moved to approve the Memorandum of Understanding between Sirmax North America and the City of Anderson. Mr. Reed seconded. Motion passed unanimously; 4 yes, 0 no. MISCELLANEOUS ADJOURNMENT Mr. Nagengast adjourned the meeting at 5:01 p.m. Economic Development Commission (EDC): January 12, 2017 Page 2