Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION MEETING MEMORANDA FOR Tuesday, May 26, 2015 at 6:30pm Zionsville Town Hall-Community Meeting Room 1100 West Oak Street Members Present: Luke Phenicie, President, Brad Johnson, Vice-President, Mark Plassman, Secretary, Wade Achenbach, Treasurer, and Katie Culp. Also Present: Ed Mitro, Town Manager, Wayne DeLong, AICP, Director of Planning & Economic Development, Ben Worrell, Boone EDC, and Bruce Donaldson, Counsel to the RDC A. Opening a. Call meeting to order-President Luke Phenicie called the meeting to order at 6:30pm. b. It was noted that an Updated agenda was to be adopted for the meeting (it included three draft Memorandums-originally prepared Agenda only indicated April 27, 2015 as being considered). c. Review of Memorandum of the March 9, 2015 special meeting (Memorandum is available), Review of Memorandum of the March 26, 2015 special meeting (Memorandum is available), and Review of Memorandum of the April 27, 2015 regular meeting (Memorandum is available). 1. Action Taken: A motion was made by Katie Culp (seconded by Brad Johnson) to approve the March 9, 2015, March 26, 2015, and April 27, 2015 memorandums with the following corrections: 1. Noting that all meeting start times are “pm”, and 2. Correcting the April 27, 2015 Memorandum to reflect that Wayne DeLong introduced the MicroLoan item (not Brad Johnson). The motion was unanimously approved. 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). Specific to Town projects identified in the report, the Commission had questions specific to criteria being offered by Citizens Energy Group pertaining to the requested change to the water line elevation at the Lids entrance. b. Creekside Committee: Brad Johnson updated the Committee of the HWC’s current efforts and discussed the need to finalize the TIF District’s bonding capacity. Specific to design, sequencing of the construction was discussed related to market pressure. As to bonding, it was indicated that the Town’s accounting firm has been working on finalizing the numbers and has been engaged in the conversation since late last year and was  working through gaps in currently collected data. It was also indicated that a future agenda item will be to discuss future expenses planned by the Commission. c. Creekside Marketing: Katie Culp indicated that next steps are to plan the broker event though Marketing efforts need center around as much information as can be conveyed (such as timing of improvements). C. New Business a. Earth and Turf: Wayne DeLong introduced the contract amendment request related to the Commission current erosion control measures within Creekside. It was noted that the need for the erosion controls measures would not be required if the approved Creek crossings would have been installed (at an expense of $3,500 for each crossing). 1. Action Taken: A motion was made by Brad Johnson to approve the contract amendment ($1,500). The motion was seconded by Luke Phenicie. The motion passed unanimously. b. 106th Street Remnant Parcel; offer to purchase (agenda item was move from the end of the agenda): Luke Phenicie introduced this item and Wayne DeLong summarized the history of efforts to make the property available via the public bidding process. Courtney Lehman, Managing Director of Development with Scannell Properties, reviewed the parameters of Scannell’s development proposal, which included: 1) rerouting of the site’s drainage, 2) contemplation of the current zoning, and rezoning of the site to I-2, and 3) improving the site with a building pad serving an industrial building with the potential of limited retail activities. Discussions amongst Commission members centered on a purchase price which was reflective of the Commission’s current investment into the property (currently $42,000), architectural treatments/ design features of the proposed 50,000 square foot building, orientation of the building, the dedication of right-of-way associated with a future round-a-bout, assessed value and time frame for creation of assessed value, and a commitment to provide a pad ready site. The Commission concluded its discussion and indicated an interested in authorizing a Commission member to negotiating the draft terms of a Purchase Agreement. 1. Action Taken: A motion was made by Brad Johnson to nominate Luke Phenicie to negotiate the draft terms of the Purchase Agreement. The motion was seconded by Wade Achenbach. The motion passed unanimously. c. 700 East TIF: Bruce Donaldson spoke to this matter and discussed the pros and cons to the reestablishment of the Tax Increment Finance district (25 year TIF) and summarized the steps necessary to reestablish the district. Wayne DeLong spoke to the location of the district and the history behind the creation of the district and how it became a part of Zionsville. 1. Action Taken: A motion was made by Brad Johnson to authorize Barnes & Thornburg to research reestablishing the TIF district. The motion was seconded by Katie Culp. The motion passed unanimously. d. Bennett Parkway extension: Wayne DeLong spoke to this matter and indicated that Town Engineer BLN was overseeing efforts to locate the multiple gas mains in the  potential path of an extension of Bennett Parkway. It was indicated that more information was forthcoming and would be reported on next month. e. Mid-year budget review: Luke Phenicie introduced the item and Wayne DeLong offered information pertaining to the handouts (April 2015 Appropriations Report, April 2015 Fund Report, and a copy of the 2015 Preliminary RDC budget). It was indicated that Luke Phenicie would be providing additional analysis and review of the current information as well as a long term forecast, with additional presentations being offered at future meetings. f. Creekside Corporate Park PUD Ordinance: Luke Phenicie introduced the item and Wayne DeLong spoke to the current status of the Update (approved by the Plan Commission, currently awaiting Town Council action). It was indicated that Brad Johnson will be presenting the matter at the June 1, 2015 Town Council meeting. g. Creekside Corporate Park: Creekside Committee Procedural Discussion; Luke Phenicie introduced the item and Brad Johnson spoke to the concept behind the Creekside Committee. The Committee discussed the merits of use of such a Committee in the overall approval process and weighed the pros and cons during its discussion. As part of the discussion it was determined that the voting members of the Creekside Committee should include, at a minimum, two (2) Commission members, and one (1) Town Council members. Membership should also include a local architect and potentially a member of the Plan Commission (if supported by the Plan Commission’s Rules of Procedure). 1. Action Taken: Brad Johnson will report back at a future meeting with specific names recommended to fill the roles as members on the Committee (for approval by the Commission). D. Boone EDC Update: Ben Worrell, Business Development Manager, spoke to the Commission and indicated that the EDC was excited as to the prospect of a 50,000 square foot industrial / flex building coming to Zionsville. Ben also reported on activities of the Boone EDC and announced E. Other Business a. Wayne DeLong requested that the Commission authorize the Staff to pursue quotations from area Well Drillers related to the closure of three (3) wells currently located within Creekside. The Commission was in agreement with Staff’s request. b. Bruce Donaldson indicated that the June meeting of the Commission, the Commission should declare its intention to capture 100 percent of the increment within its TIF districts (if that is the desire of the Commission). The Commission affirmed that its intention (determination) was to capture 100 percent of the increment. It was indicated that for June meeting efforts would be undertaken to memorialize the determination of the Commission. F. Adjournment (the meeting adjourned at 7:49pm) Respectfully Submitted, Mark Plassman, Secretary The next meeting of the Redevelopment Commission is scheduled for June 22, 2015 at 6:30pm.