Redevelopment Commission

MINUTES OF THE LAFAYETTE REDEVELOPMENT COMMISSION MEETING January 23, 2014 Board of Works Room, City Hall 11:00 am ATTENDANCE: COMMISSIONERS: Mary Lundstrom; Donald J. Teder; John Thieme, Jr.; Jim Terry and Greg Eller CITY OFFICIALS: Mayor Tony Roswarski; Ed Chosnek, City Attorney; Mike Jones, Controller; and Dennis Carson, Economic Development Director. STAFF: Margy Deverall, City Planner; Dan Walker, City Planner; and Jennie Peterson, City Planner. GUESTS: Chris Morisse-Vizza, Journal & Courier 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 December 19, 2013 meeting Jim Terry moved to approve the minutes of the December 19, 2013 Redevelopment Commission meeting. Donald J. Teder seconded. The motion passed. Election of officers Jim Terry nominated Donald J. Teder as President. Donald J. Teder moved to amend the nomination to John Thieme, Jr. as President, himself as Vice President, Mary Lundstrom as Secretary, and Mary Lundstrom as the Parking Commission representative. Jim Terry seconded. The motion passed. The meeting continued with John Thieme, Jr. presiding. Donald J. Teder moved to close the meeting of the Redevelopment Commission in order to open the Public Hearing for Resolution LRC #2014-01. Jim Terry seconded. The motion passed. Public Hearing to consider Resolution LRC #2014-01: The 2014 Budget for the Lafayette Redevelopment Commission. Dennis Carson presented the anticipated revenue and expenses for each of the Tax Incremental Financing (TIF) Districts in 2014. Dennis noted that Exhibit A includes the newly consolidated Creasy & Central TIF district. Expenses in 2014 include debt service, housing activities, economic development activities, capital project activities, and professional services. John Thieme, Jr. asked for public comment. Hearing none, Mary Lundstrom moved to close the public hearing to reconvene the Lafayette Redevelopment Commission meeting. Donald J. Teder seconded. The motion passed. Resolution LRC #2014-01: A Resolution Appropriating Money for the Lafayette Redevelopment Commission for the Fiscal Year Beginning January 1, 2014 and Ending December 31, 2014, Including the Outstanding Claims and Obligations and Fixing a Time When the Same Shall Take Effect Jim Terry moved to approve Resolution LRC #2014-01. Mary Lundstrom seconded. The motion passed. Resolution LRC #2014-02: A Resolution Ratifying and Approving the Sale of 103 S. 4th Street Dennis Carson introduced this resolution with a brief summary of the acquisition process for the property at 103 S. 4th Street formerly known as the Queen Anne Courts. The property completed the public offering phase from the Redevelopment Commission with no offers. However, since that time an offer for purchase and development has been received. Mayor Tony Roswarski presented the proposed project which will be a 64 unit market rate complex for the downtown area with underground parking, a work-out facility, and historic turret features for the outside design all within walking distance of banks, library, City Hall, restaurants, and downtown amenities. The mayor also noted that the purchase price covers the acquisition cost, legal fees, appraisals and closing costs. When asked about the exterior quality of materials, the mayor answered that the building will be mostly brick, split-face block and wood material similar to the quality found at the Chatham Square development. Construction is scheduled to begin this spring. Jim Terry moved to approve Resolution LRC #2014-02. Mary Lundstrom seconded. The motion passed. Change order #1 for 1328 Shenandoah Drive Dennis Carson commented that the next three agenda items were all related to the completion and sale of the property at 1328 Shenandoah. This first item changes the contract amount with Citation Homes by $1,344 for the purchase of a washer/dryer unit ($744) and grass sod ($600) instead of a seeded lawn. Mary Lundstrom moved to approve the change order for 1328 Shenandoah Drive in the amount of $1,344. Donald J. Teder seconded. The motion passed. Certificate of Completion, Final Waiver of Lien and Guarantee – 1328 Shenandoah Drive With the change order approved the project at 1328 Shenandoah Drive becomes complete. Jim Terry moved to approve the Certificate of Completion. Mary Lundstrom seconded. The motion passed. Resolution LRC #2014-03: A Resolution Ratifying and Approving the Sale of Real Estate as Part of the TIF Housing Program This is the last house of the owner occupied portion of Chatham Square and with the purchase of this home the Chatham Square development project is now completed. Donald J. Teder moved to approve the sale of the property. Jim Terry seconded. The motion passed. Director’s Report Dennis Carson reported that with the completion of 1328 Shenandoah Drive, a meeting was held to turn the homeowner’s association over to the property owners. During the dinner held for that event, Peter Levavi of Brinshore Development presented a check to the city for $30,000 (the remaining funds from the project.) The Chatham Square project and the Neighborhood Stabilization Project grant is now completely closed out and signed off with the State of Indiana. We were able to meet all our goals including reduction in crime, inspiration to the neighboring homes, and an increase in the school population at Glen Acres. At a press conference earlier today, the MatchBOX Co-working Studio announced the addition of Ivy Tech College to the project partnership for the facility. MatchBOX construction continues with a target of early April to be open for business. Donald J. Teder moved to accept the Director’s Report. Jim Terry seconded. The motion passed. Annual Report of 2013 The Annual Report of activities and financial disclosures was presented. It is a public document and will be submitted to City Council as well. Mary Lundstrom moved to accept the Annual Report of 2013. Jim Terry seconded. The motion passed. Approve January claims Donald J. Teder moved to approve $5,562,355.61 in claims for payment. Mary Lundstrom seconded. The motion passed. Public Comment/ Adjournment President John Thieme, Jr. asked for additional comments from the public. Hearing none, Mary Lundstrom moved to adjourn the meeting. Donald J. Teder seconded. The meeting adjourned. Respectfully submitted, Nancy Hendricks, Transcribing Secretary Approved, _____________________________________________________ Secretary, Lafayette Redevelopment Commission