Redevelopment Commission

MINUTES OF THE LAFAYETTE REDEVELOPMENT COMMISSION MEETING July 25, 2013 Board of Works Room, City Hall 11:00 am ATTENDANCE: COMMISSIONERS: Mary Lundstrom; Jim Terry; Donald J. Teder, John Thieme, Jr., Jos Holman, and Greg Eller CITY OFFICIALS: Cindy Murray, City Clerk; Jacque Chosnek, Deputy City Attorney; Dennis Carson, Economic Development Director; and Mike Jones, Controller STAFF: Margy Deverall, City Planner; Dan Walker, City Planner; Jennie Peterson, City Planner; and Nancy Hendricks, Administrative Assistant. GUESTS: Jason Semler, H J Umbaugh; and Mike Liozzo, WBAA. Welcome and Call to Order President Mary Lundstrom welcomed everyone to the meeting, noted that a quorum was present, and opened the meeting of the Lafayette Redevelopment Commission. Approval of the minutes for the June 27, 2013 meeting Donald J. Teder moved to approve the minutes of the Redevelopment Commission meeting on June 27, 2013. Jim Terry seconded. Jos Holman noted that he had abstained from the vote for Resolution LRC #2013-12. The minutes were corrected and the motion passed. Second Amendment to Joint Economic Development Agreement Dennis Carson introduced the Commissioners and the public to the previous agreement that the City of Lafayette and Tippecanoe County had for development plans in the McCarty Tax Increment Financing (TIF) District. Many projects have completed and the County wants to update the agreement. In the process of amending the McCarty TIF development plans, the joint agreement also needs to be updated. Jos Holman moved to approve the Second Amendment to the Joint Economic Development Agreement. Jim Terry seconded. The motion passed. Resolution LRC #2013-13: Inter Local Agreement for McCarty TIF projects with the county Dennis Carson continued by explaining that changes to the agreement also require an amendment to the Development Plan for McCarty TIF. The plan lists both the projects proposed by the county and projects anticipated by the city. Jos Holman moved to approve Resolution LRC #2013-13. John Thieme, Jr. seconded. The motion passed. 1328 Shenandoah Drive • Notice of Award Jennie Peterson reported that the award for the construction of the house at 1328 Shenandoah Drive was to the outright low bidder, Citation Homes for their bid of $146,500. Jos Holman moved to accept the award notice for Citation Homes. Donald J. Teder seconded. The motion passed. • Contract Agreement Jennie Peterson presented the Citation Homes agreement in standard contract form. October 25, 2013 is the anticipated completion of project date. Jos Holman moved to approve the contract agreement with Citation Homes. Jim Terry seconded. The motion passed. • Notice to Proceed Dennis Carson noted that the notice to proceed will now be sent to Citation Homes. Donald J. Teder moved to provide Citation Homes with the notice to proceed. John Thieme, Jr. seconded. The motion passed. Rottmann/Collier Architecture Agreement for 1328 Shenandoah Drive. Jennie Peterson presented the contract agreement with Rottmann/Collier Architecture. This has been the architectural firm for all of the other homes in Lot 6 of Chatham Square. Having them design the house at 1328 Shenandoah would insure a complimentary structure. Jim Terry moved to approve the agreement with Rottmann/Collier Architecture. John Thieme, Jr. seconded. The motion passed. Downtown Kiosk Installment Agreement Margy Deverall presented this agreement which will be with Kettelhut Construction. They were the only responder to the request for bids and their quote was very close to the costs for the other installments. There will be a kiosk located across from 610 Main Street and another at the Art Museum on South 9th Street. Jim Terry moved to approve the agreement with Kettelhut for installation of two kiosks. John Thieme, Jr. seconded. The motion passed. Annual Report to the Fiscal Body Dennis Carson introduced the new Indiana state requirements which now require a report on the previous year’s TIF Districts. The report lists the bonds, the maturity date on those bonds, and all of the property parcels contained in each TIF District. Jim Terry moved to accept the report to be submitted to City Council before being sent to the Department of Local Government Financing. John Thieme, Jr. seconded. The motion passed. Director’s Report Dennis Carson reported that the MatchBox project should start construction this month. Local banks were notified for the bond bid and First Source Bank will be supplying the funds. Interviews have started for the operations manager position. The empty lots which once contained the Midwest Rentals site and the Queen Anne Courts have been leveled and seeded. Jos Holman moved to accept the director’s report. John Thieme, Jr. seconded. The motion passed. Approve July claims Jos Holman moved to approve $6,360,107.92 in claims for payment. John Thieme, Jr. seconded. The motion passed. Umbaugh Report Jason Semler from H J Umbaugh presented their annual report on the current financial status of each of the TIF Districts. Copies of the extended report were distributed to the Commissioners as well as a summary report which served as the basis for the presentation. The summaries for each TIF district included bonds, their outstanding debt, estimated and actual income comparisons, and graphs comparing the outstanding debt service with the estimated increment. John Thieme, Jr. moved to accept the Umbaugh report. Jim Terry seconded. The motion passed. Public Comment/ Adjournment Mary Lundstrom asked for additional comments from the public. Hearing none, Donald J. Teder moved to adjourn. John Thieme, Jr. seconded. The meeting adjourned. Respectfully submitted, Nancy Hendricks, Recording Secretary Approved, _____________________________________________________ Secretary, Lafayette Redevelopment Commission