Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION REGULAR MEETING MEMORANDA FOR Monday, April 24, 2017 at 6:30pm Zionsville Town Hall-Community Room 1100 West Oak Street Members Present: Brad Johnson, President Luke Phenicie, Vice President, and Kent Esra, Secretary. Also Present: Wayne DeLong, AICP, Director of Planning & Economic Development, David Durm, Counsel to the RDC. A. Opening a. Call meeting to order – Brad Johnson called the meeting to order at 6:30pm. b. Review of Memorandums of the November 28, 2016 regular meeting and February 27, 2017 regular meeting (Memorandums are available). 1. Action Taken: A motion was made by Kent Esra (seconded by Luke Phenicie) to approve the Memorandums of both meetings, as proposed. The motion was unanimously approved. B. Old Business a. Redevelopment Area project update: A written report was provided (no discussion occurred) b. Creekside Committee Reports: Infrastructure: No report was provided; Commission elected to hear remaining Old Business Financial: No report was provided; Commission elected to hear remaining Old Business c. Presentation: Potential establishment of an Economic Development Area (County Road 300 South / US 421-East Side). Brad Johnson introduced the matter and Paul Kite spoke to the Commission regarding the potential to establish an Economic Development Area / Tax Increment Finance District (EDA / TIF) and associated development bond. Potential proceeds would be applied towards to the costs associated with roads, utilities, and storm water drainage infrastructure. The EDA would benefit an area comprised of approximately 65 acres, with 54 of those acres being located on the south side of County Road 300 South. Additionally, it was noted that the concept development plan associated with the 54 acres illustrates a road cut into the Willows Subdivision (and the cut, required by the Boone APC, would be included in any future potential project and could be constructed with the use of future bond proceeds). A member of the public in attendance at the meeting asked if any negative repercussions existed in the created of and use of a TIF district. Paul Kite indicated that a TIF District does not last forever; 100 percent tax dollars created in the District, in time, will be redistributed to all eligible entities. Luke Phenicie offered  that, potentially, a lesser development could occur on the property without the use of TIF revenues. 1. Action Taken: Kent Esra made a motion (seconded by Luke Phenicie) to authorize Staff to move forward with conversations with Town service providers (and incur related expenses) related to the preparation of documents for review at a future public meeting associated with the consideration of establishment of both an EDA and TIF district at the intersection of County Road 300 South and US 421 (east side). The motion was unanimously approved. C. New Business a. Discussion: Mowing Services-Creekside Corporate Park: Brad Johnson introduced the matter and Wayne DeLong summarized that Creekside Corporate Park, upon completion of construction of the infrastructure and turn-over of the project area, would be in need of mowing services until management of the common areas transferred to a third party (anticipated to be the Zionsville Parks Department). Additionally, it was noted that the properties within Creekside Corporate Park would be assessed a Common Area Maintenance fee to assist with offsetting any costs incurred related to the maintenance of the common areas (though, at this time, no funds had been collected). Until such time of transfer, Staff is suggesting that ground maintenance services be retained for the balance of 2017 and that Staff is suggesting that the Commission seek bids from qualified contractors in the form of ala carte services for the Park (as the intensity of the necessary services has yet to be established). 1. Action Taken: Luke Phenicie made a motion (seconded by Kent Esra) to authorize Staff to move forward with the formulation of bid documents for procuring ground maintenance services within Creekside and release of the bid documents (for opening of any responses at a future public meeting). The motion was unanimously approved. D. Boone Economic Development Commission Update (no update was provided) E. Other Business (no other business was discussed) 1. Adjournment (the meeting adjourned at 7:01pm) Respectfully Submitted, Kent Esra, Secretary The next meeting of the Redevelopment Commission is scheduled for May 22, 2017 at 6:30pm.