Redevelopment Advisory Commission

CITY OF HENDERSON REDEVELOPMENT AGENCY ADVISORY COMMISSION MINUTES REGULAR MEETING Tuesday, August 28, 2018 I. CALL TO ORDER Chairman VanderPloeg called the Redevelopment Agency Advisory Commission to order at 4:04 p.m. in the Annex Conference Room, City Hall Annex, 280 Water Street, Henderson, Nevada. II. CONFIRMATION OF POSTING AND ROLL CALL Brittany West, Recording Secretary, confirmed the meeting had been noticed in accordance with the Open Meeting Law by posting the Agenda three working days prior to the meeting at City Hall, Henderson Convention Center, Green Valley Police Substation, Fire Station No. 86, the Nevada Public Notice Website, the City of Henderson Website, and by mailing a copy of the agenda to everyone appearing thereon on the Agenda Master Mailing List. Present: Chairman John VanderPloeg Nathan Henderson Ronald Leavitt Mark McGinty Richard Serfas (arrived at 4:12 p.m.) Laura Jane Spina Absent: Tom Foster Staff: Derek Allen, Redevelopment Project Coordinator Mark Hobaica, Redevelopment Manager/City Architect Bethany Sanchez, Assistant City Attorney III David Vorce, Principal Redevelopment Fiscal Administrator Brittany West, Redevelopment Commission Coordinator Anthony Molloy, Downtown Redevelopment Manager Redevelopment Advisory Commission Page 2 of 8 Tuesday, August 28, 2018 – Minutes III. PUBLIC COMMENT There were no public comments presented. IV. ACCEPTANCE OF AGENDA (Motion) Ms. Spina introduced a motion to accept the agenda as presented. The vote favoring approval was unanimous. Chairman VanderPloeg declared the motion carried. V. NEW BUSINESS RAC-1 MINUTES REDEVELOPMENT AGENCY ADVISORY COMMISSION MEETING JULY 24, 2018 REDEVELOPMENT Redevelopment Agency Advisory Commission meeting minutes of July 24, 2018. (Motion) Mr. McGinty introduced a motion to adopt the meeting minutes of July 24, 2018, as presented. The vote favoring approval was unanimous. Chairman VanderPloeg declared the motion carried. RAC-2 GRANT AWARD AGREEMENT RESIDENTIAL DEVELOPMENT PROGRAM MOTUS, LLC REDEVELOPMENT Approval of residential development program grant award agreement between Motus, LLC, a Nevada limited-liability company and the City of Henderson Redevelopment Agency, providing grant funding pursuant to the residential development grant program for the development of a residential six-plex at 251 South Texas Avenue in an amount not to exceed $99,900.00. Mark Hobaica, Redevelopment Manager, presented a summary of this item, and noted this was approved by the Redevelopment Agency on August 21, 2018. Responding to a question as to whether the residential development program funding caps out at $100,000.00, Mr. Hobaica explained that more money is available; however, there are stipulations. Redevelopment Advisory Commission Page 3 of 8 Tuesday, August 28, 2018 – Minutes This item was informational only, and no action was taken. RAC-3 GRANT AWARD AGREEMENT RESIDENTIAL DEVELOPMENT PROGRAM MOTUS, LLC REDEVELOPMENT Approval of residential development program grant award agreement between Motus, LLC, a Nevada limited-liability company and the City of Henderson Redevelopment Agency, providing grant funding pursuant to the residential development grant program for the development of a residential six-plex at 51 East Texas Avenue in an amount not to exceed $99,900.00. Mark Hobaica, Redevelopment Manager, presented a summary of this item, and noted this item was approved by the Redevelopment Agency on August 21, 2018. He reviewed the proposed architecture elements for these projects, and stated they all have the same construction timeline. This item was informational only, and no action was taken. RAC-4 GRANT AWARD AGREEMENT RESIDENTIAL DEVELOPMENT PROGRAM MOTUS, LLC REDEVELOPMENT Approval of residential development program grant award agreement between Motus, LLC, a Nevada limited-liability company and the City of Henderson Redevelopment Agency, providing grant funding pursuant to the residential development grant program for the development of a residential five-plex at 150 Copper Street in an amount not to exceed $99,900.00. Mark Hobaica, Redevelopment Manager, presented a summary of this item, and noted this was approved by the Redevelopment Agency on August 21, 2018. Ms. Spina voiced her support for multi-housing projects in the downtown area. This item was informational only, and no action was taken. Redevelopment Advisory Commission Page 4 of 8 Tuesday, August 28, 2018 – Minutes RAC-5 GRANT AWARD AGREEMENT DOWNTOWN TENANT IMPROVEMENT GRANT SIGNATURE CONCRETE & COATINGS, INC. REDEVELOPMENT Tenant Improvement Grant Award Agreement between Signature Concrete & Coatings Inc., a Nevada Corporation and the City of Henderson Redevelopment Agency, providing grant funding pursuant to the Tenant Improvement Grant Program for interior improvements to the property located at 139 South Water Street, in an amount not to exceed $24,700.00. Mark Hobaica, Redevelopment Manager, presented a summary of this item, and noted that the National Development Council will review this application. Anthony Molloy, Downtown Redevelopment Manager, provided a background history of this site, and explained the ownership details and operation element of the pizza and chicken wing restaurant. It was noted that the National Development Council is asking the applicant to work with a consultant to provide a better business performa and plan. (Motion) Mr. Leavitt introduced a motion recommending approval of a waiver to the program guidelines to allow for a retroactive grant, adopt staff findings, and recommend approval of a Downtown Tenant Improvement Grant Award Agreement between Signature Concrete & Coatings Inc., a Nevada Corporation and the City of Henderson Redevelopment Agency, providing grant funding pursuant to the Tenant Improvement Grant Program for interior improvements to the property located at 139 South Water Street, in an amount not to exceed $24,700.00. The vote favoring approval was unanimous. Chairman VanderPloeg declared the motion carried. RAC-6 FY2018 CARRY FORWARD OF UNENCUMBERED AND ENCUMBERED FUNDS REDEVELOPMENT Request to carry forward unencumbered and encumbered fiscal year 2018 funds to fiscal year 2019, in an amount not to exceed $1,428,808.00. Mark Hobaica, Redevelopment Manager, presented a summary of this item. David Vorce, Principal Redevelopment Fiscal Administrator, explained the difference between encumbered and unencumbered funds. Redevelopment Advisory Commission Page 5 of 8 Tuesday, August 28, 2018 – Minutes (Motion) Mr. McGinty introduced a motion recommending approval to carry forward unencumbered and encumbered fiscal year 2018 funds to fiscal year 2019, in an amount not to exceed $1,428,808.00. The vote favoring approval was unanimous. Chairman VanderPloeg declared the motion carried. RAC-7 ISSUANCE OF SERIES 2018 TAX INCREMENT BONDS REDEVELOPMENT Issuance of Series 2018 Tax Increment Bonds by the City of Henderson Redevelopment Agency to finance Phase 2 improvements at Cornerstone Park, and retire certain existing indebtedness from previous bond financing, in an amount not to exceed $15,000,000.00. Mark Hobaica, Redevelopment Manager, presented a summary of this item. David Vorce, Principal Redevelopment Fiscal Administrator, explained the breakdown of the bonds, and noted there was a contingent liability shortfall note of $5 million that was determined invalid. Mr. Hobaica acknowledged the City Attorney’s Office staff for their hard work negotiating the validity of the shortfall note. (Motion) Mr. McGinty introduced a motion recommending approval of the issuance of Series 2018 Tax Increment Bonds by the City of Henderson Redevelopment Agency to finance Phase 2 improvements at Cornerstone Park, and retire certain existing indebtedness from previous bond financing, in an amount not to exceed $15,000,000.00. The vote favoring approval was unanimous. Chairman VanderPloeg declared the motion carried. Redevelopment Advisory Commission Page 6 of 8 Tuesday, August 28, 2018 – Minutes RAC-8 RESOLUTION INTENT TO CONSIDER SALE OF APPROXIMATELY 0.98 ACRES OF IMPROVED AND VACANT LAND, IDENTIFIED AS ASSESSOR’S PARCEL NUMBERS 179-18-710-229, 179-18-710-230, 179-18-710-224, 179-18-710-223 AND 179-18-710-240, GENERALLY LOCATED AT 211 AND 219 SOUTH WATER STREET AND 210, 214, AND 218 SOUTH TEXAS AVENUE TO STRADA LV, LLC, A NEVADA LIMITED-LIABILITY COMPANY REDEVELOPMENT A RESOLUTION OF THE CITY OF HENDERSON REDEVELOPMENT AGENCY, CLARK COUNTY, NEVADA, EXPRESSING ITS INTENT TO CONSIDER THE SALE OF APPROXIMATELY 0.98 ACRES OF IMPROVED AND VACANT LAND, REFERRED TO AS “SITE D,” IDENTIFIED AS ASSESSOR’S PARCEL NUMBERS 179-18-710-229, 179-18-710-230, 179-18-710-224, 179-18-710-223 AND 179-18-710-240, GENERALLY LOCATED AT 211 AND 219 SOUTH WATER STREET AND 210, 214, AND 218 SOUTH TEXAS AVENUE, INCLUDING A PORTION OF AN ADJACENT ALLEY,TO STRADA LV, LLC, A NEVADA LIMITED-LIABILITY COMPANY, FOR THE PROPERTY’S APPRAISED VALUE OF $399,000.00. Mark Hobaica, Redevelopment Manager, presented a summary of this item, and referred to an aerial map of Site D. He explained this is City-owned property that will be sold to develop a proposed multi-story, mixed-use project which includes e-gaming and e-sports entertainment, food trucks, office space, and a residential component. Mr. Hobaica stated that staff is still waiting for a recommendation from the National Development Council. Responding to questions, Mike Stewart, YWS, representing the applicant, explained that the adjacent parking garage will be utilized, and parking spaces will be provided onsite for the residential tenants. He also explained how this proposed project will be funded. Mr. Serfas commented that this is an exciting project, and he appreciates the applicant’s vision and commitment to Downtown Water Street. (Motion) Mr. Leavitt introduced a motion recommending adoption of this Resolution of Intent. The vote favoring approval was unanimous. Chairman VanderPloeg declared the motion carried. Redevelopment Advisory Commission Page 7 of 8 Tuesday, August 28, 2018 – Minutes RAC-9 REDEVELOPMENT MANAGER UPDATE REDEVELOPMENT Mark Hobaica, Redevelopment Manager will update the Commission regarding Site D Nevada Energy Line Extension Agreement and Water Street Canopy Sign Project. Mr. Hobaica reported that the existing overhead power lines within Site D will be placed underground down the alleyway to allow for future redevelopment projects. This agreement will be presented to the Redevelopment Agency on September 18, 2018. Mr. Hobaica reviewed bid results and the budget regarding the proposed LED “Water Street District” sign to be installed on the existing canopy structure between City Hall and the Henderson Justice Facility. He noted the project should be awarded at the September 18, 2018, Redevelopment Agency and City Council meeting, and construction is anticipated to be completed by January 2019. There was a consensus to accept the report. VI. CHAIRMAN\MEMBER COMMENTS At the request of Ms. Spina, Mr. Hobaica will provide her with a list of the Henderson Chamber of Commerce Foundation’s graduate members. VII. SET NEXT MEETING The next meeting was set for September 25, 2018, at 4:00 p.m., in the City Hall Annex Conference Room. VIII. PUBLIC COMMENT Mr. Hobaica reported that due to reorganizing efforts from the executive management team, he is leaving the Redevelopment division and going back to Public Works. Stephanie Garcia-Vause, Chief Strategy Officer/Assistant City Manager, will be overseeing the redevelopment division, and will fill the redevelopment manager position. Mr. Hobaica thanked the Commission members for their hard work, and stated he appreciates their commitment and dedication. He said it has been a pleasure working with the Commission members and Redevelopment staff. Chairman VanderPloeg thanked Mr. Hobaica for his service and dedication. Redevelopment Advisory Commission Page 8 of 8 Tuesday, August 28, 2018 – Minutes Mr. Serfas noted that Mr. Hobaica helped to stabilize the Redevelopment Agency, and he made a positive difference for redevelopment efforts. He wished him best of luck pursuing other opportunities in Public Works. IX. ADJOURNMENT There being no further business to be discussed, the meeting was adjourned at 5:08 p.m. Respectfully submitted, _____________________ Tedie Jackson, Deputy City Clerk