Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION MEETING MEMORANDA FOR Monday, September 28, 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: 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. Review of Memorandums of the August 24, 2015 regular meeting (Memorandum is available). 1. Action Taken: A motion was made by Brad Johnson (seconded by Mark Plassman) to approve the August 24, 2015 memorandum. 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). Both Wade Achenbach and Luke Phenicie inquired as to the status of the Remnant sale (and potential end user). Wayne DeLong offered a summary of the timeline and indicated that one extension has been requested, and staff has interacted with a variety of potential end users (ranging from a multi-tenant building to a single tenant building. Luke Phenicie also inquired as to the details related to the PNC charrette process. Wayne DeLong offered a brief summary of activities and methodologies associated with the planned disposal of the former PNC site. b. Creekside Committee Reports: Wayne DeLong updated the Committee of the HWC’s current efforts (infrastructure design). Brad Johnson summarized the current efforts of the Creekside Committee and HWC and spoke to the recently updated project schedule (released September 28, 2015). Luke Phenicie inquired as to the September 28, 2015 timeline and its applicability to marketing Creekside sites based on the timeline. Brad Johnson spoke to the largest unknown at this time, which is IDEM / Army Corps permitting (the “Regulatory Authorities”) and offered details specific to the project’s ability to provide for preservation of environmental features and the desire to see this preservation being leveraged to satisfy the Regulatory Authorities requirements. Based on current information, the Creekside Committee intended to convene on October 1, 2015.  Luke Phenicie asked about establishing a time for a special meeting. It was determined, based on Luke Phenicie’s suggestion, that a special meeting would be held on October 5, 2015 at 5:00pm) Business Plan Committee Report: (combined with Marketing Committee update) Marketing Committee update: Both Paul Kite and Wayne DeLong offered a summary of recent activity related to prospective tenants and purchasers. The discussion also focused on the concept of platting the future lots, reliance on the prior ALTA (May 2013) survey (prepared by American Structurepoint), the interest in updating the current ALTA, and prior omissions and questions revolving around the May 2013 ALTA (contracted by others). Staff indicated that it was speaking with American Structurepoint about an updated ALTA and was scheduling a time to meet regarding the update. More information would be provided to the Commission when it becomes available. c. Bennett Parkway update: Luke Phenicie introduced the topic and Wayne DeLong offered an updated of recent activities conducted by both the Town Engineer (related to review of location alternates) and by Town Staff (with adjacent land owners). d. Bonding / Financing Update: Bruce Donaldson began the update by asking the Committee to affirm what is to be in and out of the bonding issuance. Luke Phenicie indicated that based on the 2016 budget, the Commission is focused on both Creekside infrastructure, First Street infrastructure, and the extension of Bennett Parkway. As both Creekside and First Street are in a position to be constructed (Bennett Parkway is currently in the conceptual phase), the Commission is focused on funding potentially both Creekside and First Street. Based on the discussions, it was noted that bonding would serve what it anticipated to be $5MM of projects and efforts would be undertaken to present lease agreements (and associated paperwork) at the October meeting of the Commission (as per the September 28, 2015 timeline for Creekside, a bid award could occur as early as January 22, 2016). e. First Street: Both Sanjay Patel (VS Engineering) and Lance Lantz (Street Department) were in attendance of the Commission meeting and spoke to the current project boundaries of First Street, projected costs, and anticipated timeline. Lance also offered a brief summary of the history of the evolution of the project, and noted that public meetings regarding the project began in July 2011. It was further noted that based on anticipated scheduling (assuming funding was in place by the first of 2016), the project could be let for bidding in second quarter of 2016, reach substantial completion in 150 days, and reach final completion in 180 days 1. Next steps were discussed, and it was indicated that a breakdown of construction costs would be provided (in addition to project information to be incorporated in forthcoming bonding documentation). C. New Business None was presented D. Boone EDC Update: Ben Worrell indicated the Boone EDC was concentrating efforts related to Microbreweries and had prepared a marketing piece (for distribution at events and for direct mailings). 1 At 7:39pm Commission member Katie Culp left the meeting E. Other Business None was presented F. Adjournment (the meeting adjourned at 7:48pm) Respectfully Submitted, Mark Plassman, Secretary The next meeting of the Redevelopment Commission is scheduled for October 5, 2015 at 5:00pm.