Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION REGULAR MEETING MEMORANDA FOR Monday, September 25, 2017 at 6:30pm Zionsville Town Hall-Room 105 1100 West Oak Street Members Present: Brad Johnson, President, Kent Esra, Secretary, Wade Achenbach, and Sanjay Patel. 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. b. Review of Memorandums from the August 28, 2017 Regular meeting (Memorandum is available). 1. Action Taken: A motion was made by Sanjay Patel (seconded by Kent Esra) to approve the August 28, 2017 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 Committee Reports: Wayne DeLong offered a summary of efforts related to programming in Creekside as well as offered an update as to next steps regarding the Rockland Development LLC Purchase Agreement (Creekside Corporate Park Lots 1-5, 7-14. C. New Business a. Community Development Corporation (recommendation): 106th / Bennett LLC. Brad Johnson introduced the matter and Wayne DeLong summarized the September action of the CDC and its recommendation (re-affirming its support the $100,000 cash grant as well as support of an additional $20,200 cash grant specifically associated with the project, all as described in the DRAFT minutes available at the meeting). After a brief discussion, a motion was made by Kent Esra and seconded by Brad Johnson in favor of an additional $20,200 cash grant towards the project. Prior to voting on the motion, the Commission commenced with a discussion as to 1) the pros and cons of the use of TIF dollars to fund enhancements to architecture and 2) the projected return on investment specific to architectural enhancements. Based on the identified interest in additional dialogue on the topic, Kent Esra withdrew the previously offered motion. The Commission continued to discuss the benefits and  concerns as well as checks and balances associated with the Commissions involvement in the awarding of grants and specifically how the process interacted with the 106th/ Bennett LLC project. In summary, as the 106th /Bennett LLC project had previously listed $131,000 in project expenses which it identified as “burdens” (beyond the $40,400 associated with the contemplated façade enhancements), the Commission was supportive of awarding an additional $20,200 as a cash grant to be utilized for funding infrastructure per the Alt Construction letter dated September 20, 2017 (total award: $120,200). 1. Action Taken: Wade Achenbach made a motion (seconded by Kent Esra) to approve an additional $20,200 cash grant to 106th/ Bennett LLC (specific to funding infrastructure). The motion was unanimously approved. Note: as a part of the discussion associated with the Motion, an action item was identified for Staff: As to encourage a more seamless process, a discussion should be undertaken to develop methods to better enhance an applicant’s understanding of architectural standards as early as possible in the public process (and to strive to avoid identification of concerns post Plan Commission approval). b. Adoption of a Resolution regarding the acceptance of transfer of property from the Town of Zionsville, Indiana (Lots 2 & 3, Zionsville Government Center Minor Subdivision). Wayne DeLong introduced the matter and Bruce Donaldson summarized the contemplated transfer and associated bond exchange. 1. Action Taken: Sanjay Patel made a motion (seconded by Kent Esra) to approve the Resolution accepting the transfer of property from the Town of Zionsville. The motion was unanimously approved (resulting in the execution Resolution 2017-05). D. Boone Economic Development Commission Update (no report requested). Adjournment (the meeting adjourned at 7:55pm) Respectfully Submitted, Kent Esra, Secretary The next meeting of the Redevelopment Commission is scheduled for October 23, 2017 at 6:30pm.