Redevelopment Commission

LAFAYETTE � � MINUTES OF THE LAFAYETTE REDEVELOPMENT COMMISSION February 22, 2024 11:00 am Council Chambers, City Hall Attendance Commissioners: Frank Donaldson, Shelly Henriott, Jos Holman, Jim Terry Absent: James Foster Ex-Officio Members: Absent: Dave Moulton, Josh Loggins Staff: Dennis Carson, Economic Development Director; John Collier, Economic Development Assistant Director; Michelle Conwell; Economic Development Administrative Coordinator; Myles Holtsclaw, Community Development Manager; Kara Boyles, Certified Legal Intern; Jeromy Grenard, City Engineer; David Huhnke, Marketing Director; Jeremy Diehl, Controller; Jacque Chosnek, City Attorney; Cindy Murray, City Clerk; Tony Roswarski, Mayor Guests: Chris Wheatley and Colin Sullivan, BF&S Engineering; Collin Huffines and Paul Moses, Greater Lafayette Commerce; Ryan Gehlsen, Eric Nieukirk, Marie Bontrager and Suzanne Mills, Caterpillar, Inc.; Patrick Nycz, idc marketing; Kregg Cheek, Kregger LLC (LH Industrial Supplies); Cody Owen, William Charles Co.; Levi Evans, BE Represented; Brianna Stenger, RQAW Corporation; Andy Manzur, WLFI; Dave Bangert, Independent Journalist; Selin Kemiktarak and David Hickey, Purdue Exponent Welcome and Call to Order Frank Donaldson welcomed everyone to the Redevelopment Commission meeting, noted that a quorum was present and opened the meeting of the Lafayette Redevelopment Commission at 11:00am. Minutes Shelly Henriott moved to approve the minutes of the January 25, 2024 meeting. Jim Terry seconded and the motion passed unanimously. Public Hearings Per Jacque Chosnek, City Attorney, due to items that need to be worked out by the developer for the Anvil 26 project, there will be no public hearing on Resolution LRC-2024-02 and Resolution LRC-2024-03. Resolution LRC 2024-02: Resolution Confirming the Amending Declaratory Resolution of the Lafayette Redevelopment Commission Adopted on December 14, 2023 Removing Certain Parcels from the Consolidated Creasy Lane Allocation Area, Establishing A New Allocation Area and Amending the Consolidated Plan for the Consolidated Creasy/Central Economic Development Area-Anvil 26 Resolution LRC-2024-03: Additional Appropriation Resolution-Anvil 26 New Business Jacque Chosnek asked for a motion to remove Resolution LRC-2024-02, Resolution LRC-2024-03 and Resolution LRC- 2024-04 from the agenda at this time. Jim Terry made a motion to remove said Resolutions from the agenda. Shelly Henriott seconded. The motion passed unanimously. Resolution LRC 2024-02: Resolution Confirming the Amending Declaratory Resolution of the Lafayette Redevelopment Commission Adopted on December 14, 2023 Removing Certain Parcels from the Consolidated Creasy Lane Allocation Area, Establishing A New Allocation Area and Amending the Consolidated Plan for the Consolidated Creasy/Central Economic Development Area-Anvil 26. Removed from the Agenda for future consideration. Resolution LRC-2024-03: Additional Appropriation Resolution-Anvil 26. Removed from the Agenda for future consideration. Resolution LRC-2024-04: A Resolution Authorizing the Use of Existing Tax Increment to Fund the Series 2024 Note and Pledging Tax Increment for the Anvil 26 Project. Removed from the Agenda for future consideration. Bid Opening: Main St Streetscape Ph V- The following three bids were received, opened and read aloud for the Main Street Streetscape Phase V project: Milestone Contractors, LP for a base bid of $2,037,000.00 plus $7,500.00 alternate for a total of $2,044,500.00; Rieth-Riley Construction Co., Inc. for a base bid of $2,254,504.00 plus $8500.00 alternate for a total of $2,263,004.00 and William Charles Construction Co, LLC for a base bid of $1,802,000.00 plus $10,000.00 alternate for a total of $1,812,000.00. Shelly Henriott moved to take the bids under advisement. Jos Holman seconded. The motion passed unanimously. Resolution LRC-2024-11: A Resolution Recommending Designation of an Economic Revitalization Area for Tax Abatement and Recommending Approval of Deduction for Tax Abatement Real Property-Kregger, LLC {LH Industrial Supplies) - Kregg Cheek of Kregger LLC {LH Industrial Supplies) presented a proposal requesting a new Economic Revitalization Area (ERA) to be established with a seven-year real estate tax abatement for an investment of $5.2M. A 32,000 sq ft warehouse facility will be built on the corner of Haggerty and 500 South for warehousing of goods to local manufacturers, OEMs, general, electrical and mechanical contractors, while retaining nineteen jobs and creating an additional six jobs. The Mayor spoke in favor of the project. Shelly Henriott made a motion to approve. Jim Terry seconded and the motion passed unanimously. Resolution LRC-2024-12: A Resolution Recommending Approval of a Deduction for the Purpose of Tax Abatement in an Economic Revitalization Area for Real Estate-Caterpillar, Inc. - Eric Nieukirk of Caterpillar presented a proposal in an investment in their Energy and Transportation Segment as a result of market growth and projected forecast. They are requesting a ten-year real estate tax abatement for a new 325,000 sq ft expansion to their facility with an investment of $100M. With an increased headcount of 100, this will be the largest investment in the Caterpillar Lafayette facility's history. Receiving support for the project would help offset future project costs and help the facility better compete in the internal competition for capital. Shelly Henriott made a motion to approve. Jim Terry seconded and the motion passed unanimously. Resolution LRC-2024-13: A Resolution Recommending Approval of a Deduction for the Purpose of Tax Abatement in an Economic Revitalization Area for Personal Property-Caterpillar, Inc. - Eric Nieukirk of Caterpillar Inc. also presented a proposal requesting a ten-year personal property tax abatement on an investment in new machinery and equipment over the next 3-4 years of $625M to upgrade the existing facility and the planned new facility. Caterpillar will recruit nationally to add 100 full time jobs, while retaining 1895 current employees. Shelly Henriott made a motion to approve. Jim Terry seconded and the motion passed unanimously. The Mayor spoke in favor of the abatement. Caterpillar has been a significant employer, taxpayer and community involved member for several decades. He appreciates the continued involvement of Caterpillar in our community. Shelly Henriott made a motion to approve. Jos Holman seconded and the motion passed unanimously. Notice of Intent to Award Bid: Park East Boulevard-Atlas Excavating-At the January 25, 2024 meeting, the Redevelopment Commission received five bids for the Park East Boulevard project with Atlas Excavating being the lowest and most responsible bidder. We are intending to award to Atlas Execavating as the low bidder but we have a 90-day window to award and cannot do so until after our financing is complete on or before April 18. Atlas is asking for good faith evidence of our intent to award so that they can start ordering products and materials. This Notice of Intent to Award will suffice for this purpose. Jim Terry made a motion to approve. Shelly Henriott seconded and the motion passed unanimously. Traffic Signal Modernization: Recommendation/Notice of award- Three requests for quotes were extended, with two replies: James Drew Corporation was unable to provide a bid at that time. Hawk Enterprises, Inc. submitted a bid in the amount of $121,010.00. At the January 25, 2024 meeting, the Redevelopment Commission took that bid under advisement. Jos Holman moved to approve the recommendation. Jim Terry seconded and the motion passed unanimously. Contract Award- The contract amount for the project not to exceed $121,010.00 is awarded to Hawk Enterprises, Inc. Shelly Henriott moved to approve. Jim Terry seconded and the motion passed unanimously. Notice to proceed- The Notice to Proceed for Hawk Enterprises, Inc. includes a start date of February 22, 2024 with a substantial completion date of June 13, 2024. Jos Holman moved to approve. Jim Terry seconded and the motion passed unanimously. American Structurepoint: 3rd and 4th Street Conversion Design Amendment- Dennis Carson presented this amendment to the current contract with American Structurepoint for the purposes of construction administration in the amount not to exceed $10,000. Jim Terry moved to approve. Jos Holman seconded and the motion passed unanimously. BE Represented Corp: Construction Coordination and Inspection Services - 3rd & 4th Street Conversion -This contract in the amount not to exceed $42,000 will be for owner representation and construction inspection related to the 3rd and 4th Street conversion project. Jim Terry moved to approve. Shelly Henriott seconded and the motion passed unanimously. indiana design consortium, inc.: Phase I: 3rd & 4th Street Conversion Campaign 2024- 3rd and 4th Street though originally built as a two-way thoroughfare has been a one-way pair since 1957. In the interest of public awareness, traffic flow and safety, marketing and public relations services are warranted for this project. Patrick Nycz of indiana design consortium, inc. is proposing an agreement not to exceed $14,500 to develop signage, social media, radio/video concepts and promotional materials to encourage everyone to "look both ways". Jim Terry moved to approve. Jos Holman seconded and the motion passed unanimously. GM Development Companies LLC: Amendment To Build-Operate-Transfer Agreement-Public Works Campus -This amendment for $15,000 is for electrical switch gear not originally contemplated in the project. This will change the BOT price from $21,500,000 to $21,515,000. Jim Terry moved to approve. Shelly Henriott seconded and the motion passed unanimously. RQAW Corporation: Lafayette Historical Structures Survey Update, Phase 1-John Collier and Brianna Stenger of RQAW presented this project agreement in the amount not to exceed $19,500. The first phase will incorporate the available data of our community's historical structures into a comprehensive database and GIS data layers with a web map to show the location and existing data for each resource entry for easier access for staff and public. Jos Holman moved to approve. Jim Terry seconded and the motion passed unanimously. Director's Report-no report Jos Holman asked Dennis Carson about the progress of the Public Safety Center. Dennis responded that the building is now under warranty. Jos also asked about the Lincoln Neighborhood. Dennis replied that we are working with the neighborhood to identify needed resources. Claims Jim Terry moved to approve the February 2024 claims in the amount of One Million, One Hundred Sixty-Seven Thousand, Nine Hundred Fifty-Two Dollars and Seventy-Five Cents ($1,167,952.75). Jos Holman seconded and the motion passed unanimously. Public Comment-no comment Adjournment Jos Holman moved to adjourn the meeting. Shelly Henriott seconded and the motion passed unanimously. The meeting of the Lafayette Redevelopment Commission was adjourned at 11:35am. Respectfully submitted Michelle Conwell, Recording Secretory 1 elopment Commission