Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION REGULAR MEETING MEMORANDA FOR Monday, June 26, 2017 at 6:30pm Zionsville Town Hall-Community Room 1100 West Oak Street Members Present: Brad Johnson, President, Mark Plassman, Vice-President, Kent Esra, Secretary, Sanjay Patel, and Mike Shafer. 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 – Brad Johnson called the meeting to order at 6:30pm and recognized an amended agenda to include consideration of the September 26, 2016 meeting memorandum. b. Review of Memorandums from the May 22, 2017 Regular meeting (Memorandums are available). 1. Action Taken: A motion was made by Kent Esra (seconded by Sanjay Patel) to approve the May 22, 2017 Memorandum, as proposed. The motion was unanimously approved. c. Review of Memorandums from the September 26, 2016 Regular meeting (Memorandums are available). 2. Action Taken: A motion was made by Kent Esra (seconded by Wade Achenbach) to approve the September 26, 2016 Memorandum, as proposed. The motion was unanimously approved. B. Old Business a. Redevelopment Area project update: Wayne DeLong offered a summary of activities within the Town’s four Tax Increment Finance Districts. b. Creekside Construction Report: Wayne DeLong summarized that the project’s construction timeline has reached substantial completion, and installation of landscaping elements and completion of punch out items is ongoing. c. Creekside Committee Reports: No marketing update  d. Responses to Landscaping: Responses were read aloud, being: Earth & Turf at 14,037.60 (landscaping), $41,100 (2017 ground stabilization), $44,000 ground stabilization (2018), Brightview Landscape Services: no response (landscaping), $12,634 (2017 ground stabilization), $21,495 (2018 ground stabilization) Action Taken: A motion was made by Wade Achenbach (seconded by Kent Esra) to authorize staff to commence with conversations with the bidders to determine lowest and most responsible bidder. The motion was unanimously approved. e. Rockland Purchase Agreement. The Commission acknowledged that the Agreement is still under review, and the Commission discussed Crowe’s planned schedule of investment. Paul Kite was in attendance and offered additional information to the Commission, and shared that the team was supportive of an escalation clause. Commission members acknowledged that additional analysis of the Crowe report was necessary. The Commission summarized the discussion and indicated that a Special Meeting would be scheduled to discuss the Purchase Agreement. C. New Business a. Ratification of Assessed Value – discussion: Year 2018 Tax Increment Finance District Allocations. Brad Johnson introduced the matter. It was indicated that based on an annual report titled Excess Tax Increment Finance (TIF) Analysis, letters have been prepared and sent to overlapping Taxing Districts, Town Council members, Department of Local Government Finance, and the Boone County Auditor, indicating and notifying these parties, that, for 2018, no assessed value would be passed back to the overlapping Taxing Districts. At the conclusion of the presentation, Bruce Donaldson recommended that the Commission take a vote, ratifying the creation of letters which indicate that the Commission intends to capture all of the assessed value from all of the taxing units Motion: Kent Esra made a motion (seconded by Sanjay Patel), ratifying the creation of the 2018 Tax Increment Allocations letters. The motion was unanimously approved by the Commission. D. Boone Economic Development Commission Update: No report was offered. Adjournment (the meeting adjourned at 7:02pm) The next regular meeting of the Redevelopment Commission is scheduled for July 24, 2017 at 6:30pm.