Zionsville Redevelopment Commission (ZRDC)

ZIONSVILLE REDEVELOPMENT COMMISSION REGULAR MEETING MEMORANDA FOR Monday, September 24, 2018 at 6:30pm Zionsville Town Hall-Room 105 1100 West Oak Street Members Present: Wade Achenbach, President, Sanjay Patel, Vice President, and Kent Esra, Secretary. Also Present: Wayne DeLong, AICP, Director of Planning & Economic Development, Mark Adam (town financial consultant), and Bruce Donaldson, Counsel to the RDC. A. Opening a. Call meeting to order-President Wade Achenbach called the meeting to order at 6:30pm. b. Review of Memorandum from the July 23, 2018 meeting (Memorandum is available). Action Taken: A motion was made by Kent Esra (seconded by Sanjay Patel) to approve the July 23, 2018 Memorandum, as proposed. The motion was unanimously approved. B. Reports a. TIF Report (available for review). Wayne DeLong reviewed the September 2018 TIF Report. C. Old Business a. Tree Clearing Quote Opening (site preparation, Lot 14 Creekside Corporate Park): Wayne DeLong read aloud the following responses (order based on date and time of receipt): Homer Tree Service: $8,500 (with alternate accepted) Trees R Us: $3,985 (with alternate accepted) Earth N Turf: $6,412 (with alternate accepted) Action Taken: A motion was made by Kent Esra (seconded by Sanjay Patel) to accept the Trees R Us submittal and authorize Staff to affirm that the proposal conforms to the released Scope, and enter into an agreement with Trees R Us (if conforming). The motion was unanimously approved. D. New Business (an adjustment to the agenda was recognized) a. Community Development Corporation Grant Funding Request: Ben Worrell presented information regarding Kim’s Cookies Cafe and the requested $8,000 grant related to funding the plumbing of and installation of a Grease Trap associated with the business. Draft minutes of the September 10, 2018 meeting of the Community Development Corporation were distributed previously which described the Community Development Corporation’s support of the proposed use of the funds.  Action Taken: A motion was made by Wade Achenbach (seconded by Kent Esra) to approve the Community Development Corporation’s request for up to $8,000 in funding to provide a grant to Kim’s Cookie Cafe related to the plumbing of and installation of a Grease Trap. The motion was unanimously approved. Ben Worrell, before departing the podium, offered a brief update to the Commission as to Boone EDC activities and a summary of efforts currently underway to participate in the Duke Energy Site Readiness program (Creekside Corporate Park). Ben shared that the Boone EDC had secured $10,000 in funding (grant) that will be available for use where the funds can be helpful to the RDC, including the creation of “marketing materials” and the conducting of “sales trips” associated with users identified in those potential “marketing materials”. Old Business (returning to Old Business) a. Creekside Corporate Park – Project Update: Wayne DeLong offered a summary of current site stabilization activities and indicated that responsibilities of Maintenance are assigned to the Community Development Corporation in current and future years (for improvements outside of rights of way). b. Purchase Agreement: Lot 3 (and Lot 9): Wayne DeLong offered a summary of current activities associated with the review of the purchase agreements and indicated that the next step related to the review included a meeting with the end user of the planned building (for Lot 3) to learn additional information regarding the contemplated project. c. Annual Taxing Unit Presentation: Wayne DeLong offered a brief summary of the Commissions responsibility related to the Presentation, and Mark Adam offered information related to the required three (3) areas to be covered by the Presentation (being the contemplated TIF Budged, Long Term Plans, and Impact of those Plans on Taxing Units). At the conclusion of the Presentation related to the TIF Budget, a request was made to identify questions from the Presentation. Wade Achenbach inquired as to the current status of any TIF sharing agreement. It was indicated that the Commission had not reached the financial threshold to require a payment, however, the Commission has commenced with Creekside Lease payments. Specific to Long Term Plans, Wayne DeLong summarized the following contemplated efforts: First Street upgrades related to streetscape and drainage, the extension of Bennett Parkway to 96th Street (it was noted that the Metropolitan Planning Organization, under current scoring criteria, is not anticipated to look favorably on any grant application seeking funding), and the facilitation of Creekside Corporate Park in terms of capital improvements. No questions were raised based on the Presentation. Specific to Impact to Taxing Units: Mark Adam indicated that as the existing taxing districts have been created, only a minimal impact is anticipated (it was noted that various tax impact reports have already been prepared, and studied, for each of the existing districts). No questions were raised based on the Presentation. With no other comments or questions being offered, the discussion was concluded. d. Purchase Agreement, Lot 9. Wade Achenbach summarized that the Old Business report covered this item. e. Purchase Agreement, Block A. Wayne DeLong summarized that the Commission is in receipt of a purchase agreement seeking to acquire remnant right of way resulting from the construction of 106 th Street. Additionally, it was indicated that the Creekside mass property offering included the concept of the sale of Block A, which, in turn, enables the Commission to enter into a sales agreement regarding the land. Bob Harris, of Harris FLP, offered a presentation to the Commission as to the Harris FLP’s interest in the real estate as it 1) facilitates the creation of additional leasable square footage on the Harris FLP acreage, 2) enables one entity to facilitate maintenance of the acreage, and 3) will enable an anticipated summer of 2019 facade renovation of the building located on the adjacent site that would benefit from the absorption of the Block A acreage. Wade Achenbach summarized his support of the request, being due to the increase in assessed value resulting from the absorption, and, supporting the proposed purchase price (of one dollar), and, inquired as to the consideration of the agreement being  reflective of some level of increase in assessed value being created within five (5) years. Bob Harris shared that he believed that his entity will commence with a project within five (5) years, but, at a minimum, the transfer of the acreage to Harris FLP will result in an increased assessed value. Action Taken: A motion was made by Sanjay Patel (seconded by Kent Esra) to approve the transfer of Block A to Harris FLP for a sum of one (1) dollar. The motion was unanimously approved. E. Other Business (None) Adjournment (the meeting adjourned at 7:16pm) Respectfully Submitted, Kent Esra, Secretary The next meeting of the Redevelopment Commission is scheduled for October 22, 2018 at 6:30pm.