Economic Development Commission

MINUTES ECONOMIC DEVELOPMENT COMMISSION October 10, 2019 PUBLIC MEETING step in being able to move forward with the project. 4:30pm The facility is comprised of 130 units, 85 one Conference Room #105 bedroom and 45 studios. Ms. Hobbs stated the 120 East 8th Street facility will offer three meals a day, fitness center, Anderson, IN 46016 theatre, game room, library and hair salon. They will also provide transportation and will have nursing MEMBERS PRESENT staff on hand. Discussion followed. Mr. Nagengast Lance Stephenson, President inquired about the fence to be constructed, as the Lisa Hobbs, Vice President previous one was institutional in nature. Ms. Hobbs Roger Reed stated they were in conversation with the City about Bill Nagengast possibly redoing the fencing around the current facility. Ms. Hobbs informed members the new STAFF PRESENT facility will have an ornamental fence around the Greg Winkler, ED Director pond only and will include a walking path and lights. Paul Podlejski, Asst. City Attorney Discussion followed. Mr. Winkler stated the 21M Karen Soetenga, ED Staff bond is a conduit revenue bond and it is up to the company to sell the bond; the City’s sole contribution OTHERS PRESENT is allowing them to borrow their tax-exempt status. David Umpleby, Taft Law The City incurs no risk or liability. Discussion Meaghen Hobbs, BWI followed. Matthew Carr, Frost Brown Todd LLC Mr. Nagengast moved to approve Resolution EDC18-19 as presented. Mr. Reed seconded. ROLL CALL AND DECLARATION OF Motion passed unanimously; 4 yes, 0 no. QUORUM Mr. Stephenson called the meeting to order at ADJOURNMENT 4:30 p.m. and declared a quorum with four (4) Meeting adjourned at 4:50 p.m. members in attendance. MINUTES Ms. Hobbs moved to approve the August 8, 2019 minutes as presented. Mr. Nagengast seconded. Motion passed unanimously; 4 yes, 0 no. NEW BUSINESS EDC18-19 – A RESOLUTION OF THE ANDERSON ECONOMIC DEVELOPMENT COMMISSION APPROVING AND AUTHORIZING CERTAIN ACTIONS AND PROCEEDINGS WITH RESPECT TO CERTAIN PROPOSED ECONOMIC DEVELOPMENT REVENUE BONDS (Sweet Galilee Project) Mr. Winkler briefed Commission Members on Resolution EDC18-19 approving and authorizing certain actions and proceedings with respect to proposed economic development bonds for the Sweet Galilee Project. Mr. Winkler stated the bonds are pass through bonds involving an assisted living facility for the elderly. The facility will support Medicaid patients, much needed within the community, making it an affordable option for many. Ms. Hobbs, BWI, stated their market study supported the need for a Medicaid facility and this is the last