VAPStat Joint Meeting

514 W. Liberty Street Louisville Metro Government Louisville, KY 40202 Minutes VAPStat Joint Meeting Monday, October 12, 2015 3:00 PM Old Jail Auditorium Welcome and Introductions Latondra Yates opened the joint business meeting by welcoming the audience. Vacant and Abandoned Property Statistics KPI Report delivered by Jeana Dunlap. Louisville & Jefferson County Landbank Authority, Inc. Roll Call - Establish Quorum Chairman Bill Schreck called the 10/12/2015 meeting to order. Members Present: Frank Jones and Ishmon Burks. Approval of Minutes September 14, 2015 minutes were unanimously approved. Announcements Linette Huelsman presented September RFP update. This was 3rd RFP to be completed. A total of 5 properties were available: 2208 W. Chestnut St., 2928 Virginia Ave., 536 Beecher Ave., 2219 Congress St., and 1339 S. Floyd St. RFP was emailed to 500 people, advertised on Metro website, Opportunity Space website, flyers and yard signs were posted at each property, 10 Open Houses, total of 48 showings, and 8 offers received. There will be 2 properties to present to the Landbank at the next meeting. Joshua Watkins presented Russell Side Yard Program. The program is a continuation of the Vacant & Public Property Administration's redevelopment initiative Rsquared. This program aims to include the entire Russell Neighborhood in hopes to increase the sale of properties, expedites the mass transfer of non-buildable, Metro-owned vacant lots to adjacent property owners to increase their lot size. A current assessment found 38 properties available for sale under 2500 sq ft. Request a side yard resolution for all properties in the Russell Neighborhood that are eligible under this program from each respective Board or Commission should be proposed in November 2015. Targeting launch for the event should be hosted in December. Gary Watrous, Chairman for Vacant Property Review Commission, brought up an issue if it would expedite anything if all the properties would be transferred into one entity - Landbank? Jo Ann Burke replied that it can be done. Louisville Metro Government Page 1 VAPStat Joint Meeting Minutes October 12, 2015 Old Business New Business Resolution 21, Series 2015 Request: Commercial Purchase Project Name: N/A Location: 1029 Dixie Hwy, 1033-1049 Dixie Hwy, 1725 W St. Catherine St, 1039- 1041 Salem Ave. Neighborhood: California Applicant: Alpha Kappa Alpha Sorority, Inc. Project Area/Size: 42,216.2 sq ft. PVA Value: $6,500.00 Sale Price: $700.00 (10% Option Agreement) Council District: 6-David James Case Manager: Joshua Watkins, Real Estate Coordinator Joshua Watkins represented Resolution 21, Series 2015 on behalf of Alpha Kappa Alpha Sorority, Inc. Doctor Mary Stoddard was representing AKA as well as a partnership with Concepts 21. The proposed project is to build a Community Center that will also house a headquarters for the organization and be an area where they can support few of their initiatives they have. Staff recommends that the board approves a 1 year Option to Purchase to AKA with the following: Applicant agrees to pay 10% of the total purchase price ($500.00) as a reservation fee for the Option Agreement, to maintain the properties and insurance on the properties during the duration of the option agreement. Doctor Mary Stoddard, a representative from AKA was present and briefly gave the board a description of their proposal and AKA role in the community. Jo Ann Burke reviewed the issues with the Option Agreement and proposed to amend this Resolution, but approve the idea so the people can move forward: The Landbank do not have the Option to Purchase documented yet - the document should have various parts such as the description of the property being acquired and the purchase price, description why the Option is being given, the description of the Project and approval of the Project by the Landbank, when the financing is available and optional conditions of finding the financing, the Landbank would offer a Special Warranty Deed and give AKA to raise Title Objections if there are any, an environmental survey to be performed because the Landbank will offer the property "as is condition." More requirements of the insurance on the property and people who would be entering the property and they need to imdentify the Landbank of any injuries that would occur on the property - the Landbank will need more insurance. The insurance has to be defined more clearly. Because the Louisville Metro Government Page 2 VAPStat Joint Meeting Minutes October 12, 2015 Landbank is mostly overseen by Metro government, it has to go through Risk Management Department to be reviewed and okayed. If the project doesn't work, the land comes back to the Landbank. The Resolution 21, Series 2015 was approved unanimously with understanding that the the other items will be added. General Discussion Adjournment The meeting was adjourned at 4:18 p.m. Urban Renewal and Community Development Agency of Louisville Roll Call - Establish Quorum Vice Chairman Robert Frazier called the October 12, 2015 meeting to order. Members Present: Catherine Greene, R. Ray Schindler, and Lisa Ogburn. Approval of Minutes August 10, 2015 minutes were unanimously approved. Adjournment The meeting was adjourned. Vacant Property Review Commission Roll Call - Establish Quorum Vice Chairman and current active Chairman Gary Watrous called October 12, 2015 meeting to order. Members Present: Marilyn Belak and Doug Magee. Approval of Minutes July 13, 2015 minutes were unanimously approved. Announcements Mary McGuire announced that the Chairman Greg Dawson resigned from the board and read his official letter-resignation. We have a position to fill on the board. Mary McGuire presented how to apply for the position and what classifications are. Gary Watrous re-stated that the board needs a Bank Representative and one more Neighborhood Representative. Louisville Metro Government Page 3 VAPStat Joint Meeting Minutes October 12, 2015 Adjournment The meeting was adjourned. Hopper Items Closing Remarks The next meeting will be on November 9, 2015. Louisville Metro Government Page 4