Economic Development Commission

MINUTES ECONOMIC DEVELOPMENT COMMISSION January 11, 2018 PUBLIC HEARING / MEETING elect Ms. Jamerson as Secretary/Treasurer. Mr. 4:30 p.m. Reed seconded. Motion passed unanimously; 3 yes, Conference Room #1 0 no. 120 East 8th Street Anderson, IN 46016 MINUTES Mr. Reed moved to approve the November 9, 2017 MEMBERS PRESENT minutes as presented. Mr. Stephenson seconded. Bill Nagengast, President Motion passed unanimously; 3 yes, 0 no. Lance Stephenson, Vice President Roger Reed NEW BUSINESS Resolution EDC01-18 – A Resolution Approving MEMBERS ABSENT and Authorizing Certain Actions and Lisa Hobbs Proceedings with Respect to Certain Proposed Mary Jamerson, Secretary/Treasurer Economic Development Revenue Bonds and STAFF PRESENT Related Matters. (Jackson Street LLC Project) Greg Winkler, Director Mr. Winkler briefed Commission Members on the Karen Soetenga, Economic Development Staff former Tower Apartment building and Jackson Street LLC. Mr. Winkler stated the project involves the full OTHERS PRESENT redevelopment of 43-45 apartments with a total Ann Marie Bauer, Anderson Redevelopment investment of 1.9M including purchase of the Commission Attorney building. The bond will be for 18 years, the last money in and will not exceed $400,000. Mr. Winkler Paul Podlejski, City Legal stated he has confidence in developers Nathan Doug Whitham, City Controller Taulman and Tom Dickey based on similar projects Aubrey Bates, Citizen they have completed in Fountain Square and on Mike Leslie, Bridgenorth Homes Massachusetts Avenue in Indianapolis. A question Tom Dickey, 1109 Jackson Street, LLC and answer time followed. Mr. Nagengast asked if Nathan Taulman, 1109 Jackson Street, LLC the City recommends the approval of the resolution and Mr. Whitham, City Controller, stated yes, the City recommends approval. Ms. Bauer stated a ROLL CALL AND DECLARATION OF report and findings of fact related to the project QUORUM would also need to be approved. Discussion Mr. Nagengast called the meeting to order at followed. 4:32 p.m. and declared a quorum with three (3) members in attendance. Mr. Stephenson moved to approve Resolution EDC01-18 A Resolution Approving and Authorizing PUBLIC HEARING Certain Actions and Proceedings with Respect to Mr. Nagengast opened the public hearing for a Certain Proposed Economic Development Revenue Resolution approving the issuance by the City of Bonds and Related Matters including Report and Anderson Taxable Economic Development Revenue Finding of Facts for Jackson Street LLC Project. Bonds in an aggregate principal amount not to Mr. Reed seconded. Motion passed unanimously; 3 exceed Four Hundred Thousand Dollars for the yes, 0 no. Jackson Street LLC Project. Mr. Nagengast asked if anyone present wanted to Resolution EDC 02-18 A Resolution offer comments on the issue. Recommending Residential Tax Abatement for Kevan and Marla Taylor, 3105 Waterside Pointe PUBLIC MEETING CLOSED Mr. Winkler briefed Commission Members on Resolution EDC02-18 for residential tax abatement ELECTION OF OFFICERS for Kevan and Marla Taylor, 3105 Waterside Pointe. Mr. Nagengast briefed members on the traditional Mr. Winkler stated Lot 39 is in the Lake Clearwater way elections have been held in the past. Brief discussion followed. addition and the improvements to the property will be Mr. Stephenson made a motion to re-elect Mr. at an estimated cost of $500,000. The approximate Nagengast President, himself Vice President and re- square footage of the home is 3,700. Mr. Winkler stated the couple is retiring to Anderson from New Mr. Stephenson moved to approve Resolution York to be close to children and grandchildren. EDC04-18, for Aubrey and Roberta Bates, 3137 Grandchildren children in Fishers/Carmel. The Waterway Blvd. Mr. Reed seconded. Motion passed request is for a three-year tax abatement, as it is not unanimously; 3 yes, 0 no. considered in-fill housing. Construction will commence before December 31, 2018, for a single- MISCELLANEOUS family dwelling intended for human habitation. Mr. Nagengast informed Commission Members of an invoice from Indiana Media Group for $27.25 concerning a notice that appeared in the paper for Mr. Stephenson moved to approve Resolution the Public Hearing for Resolution EDC01-18. EDC02-18 for Kevan and Marla Taylor, 3105 Waterside Pointe. Mr. Rogers seconded. Motion Mr. Stephenson moved to approve a payment to passed unanimously; 3 yes, 0 no. Indiana Media Group for $27.25. Mr. Reed seconded. Motion passed unanimously; 3 yes, 0 no. Resolution EDC 03-18 A Resolution Recommending Residential Tax Abatement for ADJOURNMENT Bridgenorth Homes, LLC, 6602 Turf f Way Mr. Nagengast adjourned the meeting at 5:02 p.m. Mr. Winkler introduced Mike Leslie from Bridgenorth Homes, LLC and briefed Commission members on Appledowns lot 30, 6602 Turff Way. The estimated cost of improvements is 239,000 investment. Mr. Leslie stated the home will be a spec home as customers are selling their own homes quickly and need something right away. Brief discussion followed. The request is for a three-year tax abatement, as it is not considered in-fill housing. Construction will commence before December 31, 2018, for a single-family dwelling intended for human habitation. Mr. Stephenson moved to approve Resolution EDC3-18 for Bridgenorth Homes, 6602 Turff Way. Mr. Reed seconded. Motion passed unanimously; 3 yes, 0 no. Resolution EDC 04-18 A Resolution Recommending Residential Tax Abatement for Aubrey and Roberta Bates, 3137 Waterway Blvd. Mr. Winkler introduced Mr. Bates and briefed Commission members on Lake Clearwater Addition, Lot 33, 3137 Waterway Blvd. Mr. Winkler stated Mr. Bates has been in the community for some time and the city is excited he has chosen to stay in the community. Mr. Bates stated the home is approximately 4650 sq. ft. and will be near a home his son is building. He is looking forward to fishing. The request is for a three-year tax abatement, as it is not considered in-fill housing. Construction will commence before December 31, 2018, for a single- family dwelling intended for human habitation. Page 2