Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION REGULAR MEETING MEMORANDA FOR Monday, October 23, 2017 at 6:30pm Zionsville Town Hall-Room 105 1100 West Oak Street Members Present: Luke Phenicie, 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 Annelise Williams, Counsel to the RDC. A. Opening a. Call meeting to order – Luke Phenicie called the meeting to order at 6:33pm. b. Review of Memorandums from the September 25, 2017 meeting (Memorandum is available). 1. Action Taken: A motion was made by Sanjay Patel (seconded by Wade Achenbach) to approve the September 25, 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 close out of the project 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 (RDC selected to take items out of order, based on the agenda) a. Resolution approving refunding of 2008 Redevelopment Authority bond and related matters. Luke Phenicie introduced the matter and Mark Adam of Crowe Horwath, LLP summarized the relevant points associated with the effort to refinance the bond. Additionally, Annelise Williams shared information regarding the contemplated action and how the new bond would no longer be backed by the Local Option Income Tax. 1. Action Taken: Wade Achenbach made a motion (seconded by Kent Esra) to approve the Resolution to authorize the refinancing of the bond, and all matters related to the refinancing. The motion was unanimously approved (resulting in the execution Resolution 2017-06). b. Public Hearing regarding the 146th Street Economic Development Plan and Adoption of Confirmatory Resolution. Wayne DeLong introduced the matter and Annelise Williams summarized the program area contemplated to be contained in the Tax increment Finance District as well as discussed next steps related to the approval process (assuming passage of the Confirmatory Resolution by the Commission). Mark Adam of Crowe Horwath LLP discussed the financial assumptions assigned to the review of the contemplated Tax Increment Finance (TIF) District, and discussed the hindrance to the public if the area was not developed without the benefit of a TIF District. It was also noted that any action taken by the Commission is not pledging revenue at this time-if that would occur, that would occur at a future date. Luke Phenicie opened the public hearing and asked for public comment. Ralph Stacy provided comment regarding the creation of the TIF district and inquired as to the (Zionsville Community) School’s position on the creation of the District, and it was shared that the School was represented on the Redevelopment Commission (hence, the School’s awareness of the proposal). Ralph Stacey asked if the Commission was individually aware of the current debt of the School, and how much of its yearly revenue is applied to its debt. Further, Ralph Stacey inquired if either the County Commissioners or County Council has provided input on the creation of the TIF. And finally, how the creation of the TIF benefit all of the tax payers of Zionsville. Commission members Luke Phenicie and Wade Achenbach offered information to address Ralph Stacey’s questions, sharing with him the benefits of TIF, uses of the potential TIF generated by efforts within all Town TIF districts, and the overall benefits to the community. With no other public comment being presented, Luke Phenicie closed the public hearing. 1. Action Taken: Luke Phenicie made a motion (seconded by Kent Esra) to approve the Confirmatory Resolution to establish an Economic Development Area, and to approve an Economic Development Plan. The motion was unanimously approved (resulting in the execution Resolution 2017-07). c. Discussion: Disposal of property (Lots 2 & 3, Zionsville Government Center Minor Subdivision). Luke Phenicie introduced the matter and Wayne DeLong summarized the discussion topic: Consider disposing of Lot 3 within the Government Center given the expressed interest by several parties (and holding on to Lot 2 for a yet to be determined offering date). With that in mind, Staff is requesting authorization to move forward with disposal of Lot 3 within the Zionsville Government Center Minor Subdivision (the first step being the creation of a public offering sheet and publication of a Request for Responses to such an offering). Additionally, a date of a future meeting to open any responses was discussed, and identified as November 20. 1. Action Taken: Luke Phenicie made a motion (seconded by Kent Esra) to authorize Staff begin discussion and to take necessary actions to dispose of Lot 3 (only), Zionsville Government Center Minor Subdivision. The motion was unanimously approved. d. Contract Addendum: Earth & Turf. Wayne DeLong summarized the contact change (associated with plantings parallel to the Eagle Creek pathway segment within Creekside Corporate Park), which was resulting in the deletion of mulch in the planting area (and adding grass), and the addition of four plantings. The new contract amount: $13,759.60  i. Action Taken: Luke Phenicie made a motion (seconded by Kent Esra) authorizing the contract amendment, and the new contract amount of $13,759.60. The motion was unanimously approved. e. The 2018 meeting schedule was discussed, and approved, and it was concluded that the Redevelopment Commission would not schedule a regularly occurring meeting for December, 2018 D. Boone Economic Development Commission Update: No report was offered. Adjournment (the meeting adjourned at 7:26pm) Respectfully Submitted, Kent Esra, Secretary The next meeting of the Redevelopment Commission is scheduled for November 27, 2017 at 6:30pm.