Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION SPECIAL MEETING MEMORANDA FOR Friday, May 10, 2013 at 8:30am Zionsville Town Hall-Community Room 1100 West Oak Street Members Present: Mark Plassman, President, Brad Johnson, Vice-President, Luke Phenicie, Treasurer, Craig Anderson, Secretary, and Joe Stein. Also Present: Ed Mitro, Town Manager, Wayne DeLong, AICP, Director of Planning & Economic Development, and Andy Buroker, Special Counsel to the RDC. A. Opening a. Call meeting to order – Mark Plassman called the meeting to order at 8:30am It was noted that the swearing-in of new Commission member Dax Norton would occur at a later date. b. The Commission approved the transcription of the April 22, 2013 meeting. B. Old Business i. Update on DOW Transaction: Mark Plassman summarized the timeline in anticipation of the May 23, 2013 closing ii. Crowe Horwath Financial Analysis: Mark Plassman introduced the Crowe Horwath report and the Commission discussed the document. iii. Environmental Matters: Mark Plassman introduced the matter and discussions focused on the concept of securing Environmental Insurance and updating the Phase I study prior the anticipated closing date. Action Item: A motion was made by Brad Johnson to authorize the approval of $1,500 payable to August Mack Environmental Company to facilitate an update to the Phase I document. Motion was seconded by Luke Phenicie. The motion was unanimously approved. iv. Consideration of Approval A. Assignment Agreement: Mark Plassman introduced the matter and Andy Buroker reviewed the red line changes to the Assignment Agreement. The changes require the inclusion of identifying the sharing mechanism of the cost of the environmental insurance policy as well as the cost to remove / relocate the overburden soil from the site where the Zionsville Community School anticipates constructing its transportation facility. At this time, the cost sharing, if any, has not been finalized.  Action Item: A motion was made by Luke Phenicie subject to resolving the cost of the insurance policy and the sharing of the cost to relocate the overburden soil from the Zionsville Community School site, and authorized Mark Plassman to facilitate a successful conclusion to both topics. Motion was seconded by Brad Johnson. The motion was unanimously approved. B. Resolution No. 2013-01 Authorizing Property Acquisition: Mark Plassman introduced the matter and Andy Buroker reviewed the Resolution prepared for the consideration of the Commission. Andy Buroker recommended that the Commission consider new officer assignments in respect to signing the agreement. It was acknowledged that assignments would be discussed later in the meeting. Action Item: A motion was made by Craig Anderson to authorize Resolution Number 2013-01 and authorize property acquisition. Motion was seconded by Brad Johnson. The motion was unanimously approved. C. Exclusive Development Agreement with Rockland Development, LLC: Mark Plassman introduced the matter and Andy Buroker reviewed the redline draft of the Agreement. Action Item: A motion was made by Craig Anderson to approve the Agreement as drafted. Motion was seconded by Luke Phenicie. The motion was unanimously approved. C. New Business / Other Business It was indicated that due to the untimely passing of Mike Latz, Craig Anderson made a motion to nominate Mark Plassman as president. The motion was seconded by Brad Johnson. The motion was unanimously approved. Craig Anderson made a motion to nominate Brad Johnson as vice president. The motion was seconded by Luke Phenicie. The motion was unanimously approved. Brad Johnson made a motion to nominate Craig Anderson as Secretary. The motion was seconded by Luke Phenicie. The motion was unanimously approved. Mark Plassman made a motion to authorize the change in officers to be effective to the start of the Commission meeting. The motion was seconded by Craig Anderson. The motion was unanimously approved. Adjournment (the meeting adjourned at 10:28am) The next meeting of the Redevelopment Commission is scheduled for May 28, 2013 at 6:30pm.