Redevelopment Commission

MINUTES OF THE LAFAYETTE REDEVELOPMENT COMMISSION MEETING February 27, 2014 Board of Works Room, City Hall 11:00 am ATTENDANCE: COMMISSIONERS: Mary Lundstrom; Donald J. Teder; John Thieme, Jr.; Jos Holman and Greg Eller CITY OFFICIALS: City Clerk, Cindy Murray; Ed Chosnek, City Attorney; Mike Jones, Controller; and Dennis Carson, Economic Development Director. STAFF: Margy Deverall, City Planner; Dan Walker, City Planner; and Nancy Hendricks, Administrative Assistant. GUESTS: Chris Morisse-Vizza, Journal & Courier; and Doug Meyer, Subaru of Indiana Automotive Welcome and Call to Order President John Thieme, Jr. 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 January 23, 2014 meeting Mary Lundstrom moved to approve the minutes of the January 23, 2014 Redevelopment Commission meeting. Jos Holman seconded. The motion passed. Resolution LRC #2014-04: A Resolution Recommending Approval of a Deduction for the Purpose of Tax Abatement in an Economic Revitalization Area (Real Estate) for Subaru of Indiana Automotive (SIA) Doug Meyer of SIA presented the plans for the Impreza model production line which is moving from Japan to Lafayette. The sixty-eight million dollar investment is expected to produce over nine hundred jobs. The new real estate includes an additional building and a compelling expansion to the paint shop. Jos Holman Terry moved to approve Resolution LRC #2014-04 to recommend approval for the real estate tax abatement for ten years. Mary Lundstrom seconded. The motion passed. Resolution LRC #2014-05: A Resolution Recommending Approval of a Deduction for the Purpose of Tax Abatement in an Economic Revitalization Area (Personal Property) for Subaru of Indiana Automotive (SIA) Jos Holman asked for clarification on the difference between the usual seven year abatement term and the recommended ten year abatement on this resolution. Ed Chosnek pointed out that the unusual and significant amount of the investment warranted the additional years for the term of the abatement. Jos Holman then moved to approve Resolution LRC #2014-05 to recommend approval for the personal property tax abatement for ten years. Donald J. Teder seconded. The motion passed. Director’s Report Dennis reported that the MatchBOX facility is very close to opening. Furniture will be moved in next week and staff will be in place on the following week. The grand opening is scheduled for the April 11- 13weekend. Mary Lundstrom moved to accept the Director’s Report. Jos Holman seconded. The motion passed. Approve January claims Donald J. Teder moved to approve $549,843.50 in claims for payment. ($401,999.40 plus $147,844.10 for a manual check previously authorized.) Mary Lundstrom seconded. The motion passed. Public Comment/ Adjournment There were no additional comments from the public. Jos Holman moved to adjourn the meeting. Mary Lundstrom seconded. The meeting adjourned. Respectfully submitted, Nancy Hendricks, Recording Secretary Approved, _____________________________________________________ Secretary, Lafayette Redevelopment Commission