Zionsville Community Development Corporation (ZCDC)

ZIONSVILLE COMMUNITY DEVELOPMENT CORPORATION MEETING MEMORANDA FOR Monday, May 22, 2018 at 8:15am Zionsville Town Hall-Room 105 1100 West Oak Street Members Present: Cara Weber, President, Tammy Kelly, Vice-President, Brad Burk, Secretary, J.D. Graves, and Brooke Mattice. Also Present: Wayne DeLong, AICP, Director of Planning & Economic Development. Opening a. Call meeting to order-8:23am. b. Recognition of Quorum, and adoption of Agenda (voting on Election of Officers was moved to the end of the Agenda). c. Consideration of Memorandum of April 23, 2018 meeting (Memorandum was available). Action Taken: A motion was made by Brooks Mattice (seconded by Tammy Kelly) to approve the Memorandum as drafted. The motion was approved by a vote of 3-0 of the members present at the meeting (J.D. Graves and Brad Burk did not participate in the voting on the Memorandum). A. Old Business a. Tri-Phase Incentive: Wayne DeLong summarized the action of the Redevelopment Commission from April 23, 2018 meeting (draft Memorandum was available). Robert Haecker, President of Tri-Phase spoke to the process and the competiveness of the pursuit of identifying a new location for the business. Corporation members inquired as to construction time line as well as Mr. Haecker thoughts on the incentive award as proposed by the Redevelopment Commission. Mr. Haecker outlined a September construction schedule and indicated that he was appreciative of the support, but would prefer that the incentive be funded 100 percent up front. Corporation membership inquired about schematics of the buildings and the concept of splitting any award over fiscal years. Mr. Haecker provided images of the conceptual project, and Wayne DeLong offered that dependent on the timing, the funds may be encumbered and therefore that action eliminates any concern with an award that spans more than one fiscal year. The Corporation had no specific suggestions or additional questions for the Applicant upon conclusion of the discussion. The Corporation then discussed various potential amounts to be awarded based on consideration of the variables described in the presentation, the  timing and timeline associated with the formulation of the request, and the resources utilized to formulate the request. 1. Action Taken: Based on the above discussion and submitted proposal, a motion was made by Brooks Mattice (seconded by Brad Burk) to approve the grant as recommended by the Redevelopment Commission. The motion was approved by a vote of 4-1 of the members present at the meeting (with J.D. Graves voting against the incentive). B. Election of Officers a. Cara Weber introduced the agenda item. A motion was made by J.D. Graves (seconded by Brooks Mattice) to keep in place the same officer slate as 2017 (Cara Weber, President, Tammy Kelly, Vice President, Brad Burk, Secretary). The motion was approved by a vote of 5-0 of the members present at the meeting. C. Adjournment (meeting adjourned at 9:22am) Respectfully Submitted, Brad Burk, Secretary .