Zionsville Community Development Corporation (ZCDC)

ZIONSVILLE COMMUNITY DEVELOPMENT CORPORATION MEETING MEMORANDA FOR Friday, August 25, 2017 at 8:30am Zionsville Town Hall-Fire Place Room 1100 West Oak Street Members Present: Cara Weber, President, Tammy Kelly, Vice-President, and Brad Burk, Secretary. Also Present: Wayne DeLong, AICP, Director of Planning & Economic Development, Ben Worrell, Boone EDC, and Bruce Donaldson, Counsel to the CDC. A. Opening a. Call meeting to order-8:33am. B. New Business a. Introductions: Mr. Brad Burk (mayoral appointment) was introduced as a new member to the Community Development Corporation. b. Membership discussed changes in membership since 2016, and conducted elections of officers as a result of those changes. The outcome of that discussion is as follows: President, Cara Weber (motion by Tammy Kelly, seconded by Brad Burk) – unanimous approval Vice President, Tammy Kelly (no election was conducted, no change from 2016) Secretary, Brad Burk (motion by Cara Weber, seconded by Tammy Kelly) – unanimous approval c. Creekside: The Corporation elected to discuss items out of order on the agenda, and Wayne DeLong summarized the long term programmatic goal of the operation of the common area / park area maintenance. In summary, the Redevelopment Commission is not anticipated to be the long term owner of the common area and park area – the Community Development Corporation has been identified as a potential long term owner due to its service role as a 501c4, and, its relationship with the Town. No decisions have been made on this topic – change in ownership is anticipated to be a late 2018 topic of discussion. d. 106th & Bennett LLC: Brent Benge of 106th & Bennett LLC offered a presentation related to the proposal (copy of proposal available for review). Ben Worrell of the Boone County EDC spoke as well related to the project and to the support of the EDC (memo available for review). In summary, 106th & Bennett LLC is requesting $100,000 in support from the CDC related to its plan to construct a speculative 30,000 square foot flex industrial / office building in Zionsville. Specific components of the project which would utilize the incentive  include: construction of a 10-foot pathway along Bennett Parkway, construction of a looped drive around the building as required by the Zionsville Fire Protection Ordinance, and extension of specific utilities to the site. Timeline: commencement of construction is anticipated to occur in late 2017. Discussions with the CDC revolved the support indicated for the project by the Boone County EDC, positive comments from Town Staff, and around the concept of 106th & Bennett, LLC incurring a capital expense and, once incurred, invoicing the CDC related to the expense. 1. Action Taken: Based on the above discussion and submitted proposal, a motion was made by Brad Burk (seconded by Cara Weber) to offer a favorable recommendation to the RDC related to the 106th & Bennett proposal (with the cash grant being contingent on incurring expenses related to the construction of a 10-foot pathway along Bennett Parkway, construction of a looped drive around the building as required by the Zionsville Fire Protection Ordinance, and extension of specific utilities to the site). The motion was unanimously approved. C. Other Business (no business was offered for discussion) D. Adjournment (the meeting adjourned at 9:04am) Respectfully Submitted, Brad Burk, Secretary .