Redevelopment Commission

MINUTES OF THE LAFAYETTE REDEVELOPMENT COMMISSION MEETING May 24, 2012 Board of Works Room, City Hall 11:00 am ATTENDANCE: COMMISSIONERS: Jos Holman; Mary Lundstrom; Donald J. Teder and Greg Eller. CITY OFFICIALS: Ed Chosnek, City Attorney; Cindy Murray, City Clerk; Mike Jones, City Controller; Jacque Chosnek, Deputy City Attorney; Dennis Carson, Economic Development Director STAFF: Margy Deverall, City Planner; Dan Walker, City Planner; Jen Peterson, NSP Project Manager; and Nancy Hendricks, Administrative Assistant. GUESTS: Eric Demerly, Wabash National; Rachel Hazaray, Subaru; Tom Easterday, Subaru; Eric Foster, Rea Magnet Wire; Pat Corey, Ivy Tech; Mark Castel, Castle Coach Welcome and Call to Order Vice-President Mary Lundstrom welcomed everyone to the meeting, noted that a quorum was present, and opened the meeting of the Lafayette Redevelopment Commission. Approve Minutes of the Previous Meeting Donald J. Teder moved to approve the minutes of the April 26, 2012 meeting. Jos Holman seconded. The motion passed. Resolution LRC #2012-07: Amending the Development Plan of the Consolidated Central TIF District. Dennis Carson presented the areas for development that will change the Consolidated Central TIF Plan. The City of Lafayette has an opportunity to purchase the Queen Anne Apartments on the corner of Alabama and 4th Streets and the property at 623 Oregon Street. These purchases will be for redevelopment purposes and the change in the TIF plan requires several steps. Mayor Tony Roswarski also spoke of the need to redevelop these blighted areas. The vision is to bring a higher standard to the area and a quality that compliments the surrounding community. In reviewing the existing plan as it compares to the expanded plan, questions were raised regarding project priority and the frequency of review. Yearly review of the plan and priority setting takes place during financial analysis meetings and the budget approval process. Jos Holman moved to approve the expansion of the Consolidated Central TIF Plan. Donald J. Teder seconded. The motion passed. Resolution LRC #2012-08: Amending the Development Plan of the Consolidated Creasy TIF District. Pat Corey from Ivy Tech presented plans to bring interconnected services to the college campus at the corner of Creasy Lane and US 52 bypass. The Lafayette Family YMCA and Junior Achievement will locate on the campus while the college intends to bring new academic buildings for agriculture, energy, applied sciences, and a new enterprise center for entrepreneurship. By aligning these entities, there will be a central location for higher education/lifelong learning, healthy family/youth activities, and economic development/employment opportunities. Jos Holman moved to approve the expansion of the Consolidated Creasy TIF Plan. Donald J. Teder seconded. The motion passed. 1 Resolution LRC #2012-09: Acquisition of Real Estate as part of the NSP Grant (910 Greenwich Road) Dennis Carson presented the opportunity to purchase the property at 910 Greenwich Road for $19,750. Demolition of the property will provide the ability to rebuild another structure or to land bank it as possible trail head. Donald J. Teder moved to approve purchase of 910 Greenwich. Jos Holman seconded. The motion passed. Resolution LRC #2012-10: Subaru of Indiana Automotive (SIA) Tax Abatement Tom Easterday of SIA reported that employment figures are up. Even though production has been reduced by the aftermath effects of the 2011 tsunami in Japan, production demand is very high. Therefore expansion plans have been implemented. The new production line will provide 100 – 200 new jobs, an increase in 52,000 square feet (worth $5 million) in real estate, and an investment of over $70 million for new production equipment. The hope is to manufacture 200,000 new cars to meet the demand for Legacy and Outback models. Donald J. Teder moved to recommend that City Council approve Subaru’s application for tax abatement. Jos Holman seconded. The motion passed. Resolution LRC #2012-11: Acquisition and transfer of real estate at 2128 Ulen Lane and transfer of real estate at 2163 Ulen Lane to Habitat for Humanity. Dennis Carson reported that these properties were part of the NSP Grant and that Habitat for Humanity would be in charge of the construction and redevelopment of these properties after acquisition by the City of Lafayette. Habitat for Humanity would be subject to the lien and restrictive covenants as required by the NSP program. Jos Holman moved to approve the conditions of the acquisition and transfer as delegated by Resolution LRC #2012-11. Donald J.Teder seconded. The motion passed. Resolution LRC #2012-12: Approving the sale of the following NSP program real estate: 822 Melody Lane; 916 Shenandoah Drive; and 1810 N. 27th Street Jos Holman moved to approve the sale of the NSP program real estate as listed by Resolution LRC #2012-12. Donald J Teder seconded. The motion passed. Compliance form reports from industries regarding tax abatement Companies submitting Compliance Form reports on investment progress made presentations in the following order. All motions by the Commissioners were recommendations that the City Council find the company in substantial compliance with their Statement of Benefits application for tax abatement. Company Representative CF-1 form Motion made Seconded Vote Rea Wire Magnet Eric Foster Personal property J Holman D Teder 3-0 in favor Castle Coach Mark Castel Real Estate D Teder J Holman 3-0 in favor Wabash National Eric Demerly Real Estate D Teder J Holman 3-0 in favor Personal Property (1) D Teder J Holman 3-0 in favor Personal Property (2) D Teder J Holman 3-0 in favor Subaru of Tom Easterday Personal Property (1) J Holman D Teder 3-0 in favor Indiana Personal Property (2) J Holman D Teder 3-0 in favor Automotive Personal Property (3) J Holman D Teder 3-0 in favor (SIA) Personal Property (4) J Holman D Teder 3-0 in favor Personal Property (5) J Holman D Teder 3-0 in favor Personal Property (6) J Holman D Teder 3-0 in favor Personal Property (7) J Holman D Teder 3-0 in favor Real Estate (1) J Holman D Teder 3-0 in favor 2 (Compliance form reports cont’d) Company Representative CF-1 form Motion made Seconded Vote SIA Tom Easterday Real Estate (2) J Holman D Teder 3-0 in favor Real Estate (3) J Holman D Teder 3-0 in favor Real Estate (4) J Holman D Teder 3-0 in favor McKinney Corp Jody Hamilton Real Estate J Holman D Teder 3-0 in favor Caterpillar Dennis Carson Personal Property D Teder J Holman 3-0 in favor Coleman Cable Dennis Carson Real Estate J Holman D Teder 3-0 in favor Personal Property J Holman D Teder 3-0 in favor Historic Jeff Center Jody Hamilton Real Estate J Holman D Teder 3-0 in favor JAK Partners Dennis Carson Real Estate J Holman D Teder 3-0 in favor Liquid Spring Dennis Carson Personal Property J Holman D Teder 3-0 in favor Nanshan America Dennis Carson Personal Property D Teder J Holman 3-0 in favor Oscar Winski Jody Hamilton Real Estate J Holman D Teder 3-0 in favor Personal Property J Holman D Teder 3-0 in favor Tate & Lyle Dennis Carson Personal Property J Holman D Teder 3-0 in favor Toyota Motors Dennis Carson Personal Property J Holman D Teder 3-0 in favor Director’s Report Dennis Carson alluded to the number of projects represented by the actions taken by the Commission at this meeting and stated his gratitude for the support of the Commission. Jos Holman moved to accept the Director’s Report. Donald J. Teder seconded. The motion passed. Approval of May claims Jos Holman moved to approve payment of claims in the amount of $59,594.86. Donald J. Teder seconded. The motion passed. Public Comment/ Adjournment Vice-President Mary Lundstrom invited comment from the public. No comment was made. Jos Holman moved to adjourn the meeting of the Lafayette Redevelopment Commission. Donald J. Teder seconded. The motion passed. Respectfully submitted, Nancy Hendricks, Recording Secretary Approved, _____________________________________________________ Secretary, Lafayette Redevelopment Commission 3