Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION MEETING MEMORANDA FOR Monday, December 30, 2013 at 6:30pm Zionsville Town Hall-Community Meeting Room 1100 West Oak Street Members Present: Mark Plassman, President, Brad Johnson, Vice-President, and Craig Anderson, Secretary, Luke Phenicie, Treasurer, and Katie Culp Also Present: Kim Blanchet, Town Attorney, Wayne DeLong, AICP, Director of Planning & Economic Development, and Bryan Brackemyre, Executive Director of the Boone County EDC. A. Opening a. Call meeting to order-President Mark Plassman called the meeting to order at 6:30pm (Oath to new member Katie Culp was administered) b. Review of Memorandum of the November 25, 2013 meeting (Memorandum is available). 1. Action Taken: A motion was made by Luke Phenicie to approve the November, 2013 Memorandum. The motion was seconded by Katie Culp. B. Old Business a. Redevelopment Area project update. Wayne DeLong offered an update on projects within and near the TIF area (and provided a written report). b. Focus on Zionsville: Brad Johnson indicated that the website would be relaunched, and then new analytics would be captured on the updated website’s usage. Content is being continuously updated, and contributions are coming from a variety of sources. Further, a time and materials contract will be offered to the Commission for consideration related to ongoing maintenance of the website. C. New Business a. Microloan Update. Luke Phenice indicated that Mark Hollis was named as a new member of the MicroLoan Committee. Luke explained further that the MicroLoan Committee has reviewed two application with the first being for Shari Jenkins (The Salty Cowboy). The request is a Tier II loan seeking $25,000 in funding. The Committee recommends approval of the request with the terms of the loan including, but not limited to, a personal guarantee, a lien position on the assets funded by the loan, a term limit of 5 years, and an interest rate of 3 percent. 1. Action Taken: A motion was made by Luke Phenicie to approve the loan application as recommended by the Committee. The motion was seconded by Brad Johnson.  b. Luke Phenicie then summarized the second application reviewed by the MicroLoan Committee being requested by Darrin Marion (Darrin’s Coffee). The request is a Tier I loan seeking $6,250 in funding. The Committee recommends approval of the request with the terms of the loan including, but not limited to, a term limit of 5 years and an interest rate of 4 percent. 1. Action Taken: A motion was made by Luke Phenicie to approve the loan application as recommended by the Committee. The motion was seconded by Katie Culp. c. Bidding, 106th Street remnant: It was indicated that Scannell Properties the lone respondent to the RDC’s request for bids on the 106th Street remnant parcel. After some discussion related to the bid, Brad Johnson motioned to reject the bid based on the RDC’s desire to potentially consider disposal of the land as a part of an incentive package. The motion was seconded by Craig Anderson. d. Creekside CCR’s: Mark Plassman lead the discussion related to the fine tuning of the current draft of the CCR’s for Creekside. Comments from members centered on the timing of the creation of the document, the need to cover the basics related to the development, town staff needed to review sections 8.2 and 9.1 related to compliance with town standards, the town’s interest in utilizing green infrastructure, and the connectivity of easements for future sidewalks and future utility installations. It was requested that the Committee membership provide any final comments on the draft CCR’s to Wayne DeLong by January 6, 2014. Barnes and Thornburg would then prepare the next draft of the document for review with the document being available for a potential meeting with Rundell Ernstberger on January 10, 2014. e. 2014 Meeting Schedule: Mark Plassman referenced the 2014 Commission schedule of meetings that the Town Council has adopted at the end of 2013. D. Boone County EDC update: Bryan Brackemyre spoke to the Commission and indicated from a Boone County EDC’s vantage point, the economic opportunities available to the community are at a tipping point. Our region has been very proactive and has had several success stories in 2013, including HC1, Mobi, and Federal Express, just to name a few. E. Other Business a. The Commission requested to discuss the opportunity to dispose of another remnant of Town owned land along 106th Street (being the triangle of land at the north(east) corner of 106th and Zionsville Road). After a short discussion, a motion was made by Craig Anderson to table any plans to offer this parcel of land for bid. F. Adjournment (the meeting concluded at 8:00pm) The next meeting of the Redevelopment Commission is scheduled for Monday January 27, 2014 at 6:30pm. Respectfully Submitted, Craig Anderson, Secretary