GOOD. GOOD AFTERNOON, LADIES AND GENTLEMEN. THIS IS THE REGULAR MONTHLY MEETING OF THE
CARMEL REDEVELOPMENT COMMISSION. 
          [1. PLEDGE OF ALLEGIANCE]
          [00:00:09]
WE DO HAVE A QUORUM OF OUR MEMBERS PRESENT, EITHER IN PERSON OR ELECTRONICALLY. 
          SO I'LL CALL THE MEETING TO ORDER. AND OUR FIRST ORDER OF BUSINESS,
IF YOU WILL JOIN ME IN THE PLEDGE OF ALLEGIANCE. 
          I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR
WHICH IT STANDS. 
          ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. 
          THANK YOU VERY MUCH. OUR NEXT ORDER OF BUSINESS IS APPROVAL OF THE MINUTES OF OUR APRIL
16TH MEETING. 
          [2. APPROVAL OF MINUTES]
ARE THERE ANY CORRECTIONS OR ADDITIONS TO THE DRAFT MINUTES THAT WERE PROVIDED IN YOUR
PACKETS? OH. MOVE TO APPROVE. THANK YOU. SECOND, IT'S BEEN MOVED AND SECONDED. 
          MARIANO, WOULD YOU PLEASE CALL THE ROLL? YES,
PRESIDENT. 
          HAMMER A VICE PRESIDENT. BOWERS. COUNSELOR. AUSTIN,
I THANK YOU. 
          THANK YOU. IT IS APPROVED. LET'S SEE. WE'LL NOW MOVE ON TO OUR FINANCIAL MATTERS. 
          [3.a. Cash Flow Report]
MR. LEE, WOULD YOU LIKE TO GIVE US A CASH FLOW REPORT? THANK YOU. THE COMMISSION'S END, THE MONTH BALANCE FOR APRIL WAS $6,871,953. 
          AND INCLUDING THE RESTRICTED FUNDS, IT WAS $18,658,369. 
          THANK YOU, MR. LEE. ANY QUESTIONS OF MR. LEE ON THE CASH FLOW REPORT? I JUST HAVE A QUICK ONE. WHEN DO WE EXPECT OUR DISTRIBUTION FROM THE COUNTY OR TO FUNDS? WE USUALLY WILL SEE THAT TOWARDS THE END OF THE FIRST FULL WEEK IN JUNE OR EARLY SECOND
WEEK OF JUNE. 
          OKAY. THANK YOU, MR. LEE. WITH THAT, WE WILL NOW MOVE ON TO APPROVAL OF THE CLAIMS. 
          [3.b. Approval of Claims]
AND ONCE AGAIN, MR. LEE, YOU HAVE ONE SET OF CLAIMS BEFORE YOU TONIGHT FROM NON-OPERATING
EXPENSES IN THE AMOUNT OF $326,901.50. PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS. 
          THANK YOU, MR. LEE. QUESTIONS FOR MR. LEE WITH REGARD TO THE CLAIMS BEFORE US THIS
EVENING. 
          NO, SIR. SEEING NONE. IF IT'S YOUR PLEASURE,
THE CHAIR WILL ENTERTAIN A MOTION OF APPROVAL. 
          MOVE TO APPROVE. MOVE TO APPROVE. SECOND. IT'S BEEN MOVED AND SECONDED. 
          MARIANO, WOULD YOU PLEASE CALL THE ROLL? YES,
PRESIDENT. 
          HAMMER. AYE. VICE PRESIDENT BOWERS. AYE. COUNCILOR AUSTIN. 
          AYE. THANK YOU. AND THE RESULTS? THAT IS APPROVED,
I BELIEVE. 
          THANK YOU VERY MUCH. ALL RIGHT. WE'LL NOW MOVE ON TO THE EXECUTIVE DIRECTOR'S REPORT. 
          [*A Portion of This Video Contains No Video or Audio*]
          [4. EXECUTIVE DIRECTOR REPORT]
MR. DIRECTOR. THANK YOU, MR. PRESIDENT. IT'S BEEN A BUSY MONTH FOR THE MONTH OF 12 THE
PREVIOUS MONTH, AND LET'S CALL IT HALF OF THIS ONE. CITY CENTER CONTINUES TO FINALIZE. 
          STUFF THAT'S GOING TO BE A TRANSFER. SO THAT IT'S CONDO UNITS. 
          ORDERS. THIS IS THE SORRY, THE NEW REPUBLIC HEADQUARTERS. 
          PRETTY SOON WE SHOULD SEE A SOME A PROJECT THAT ADDS SOME. 
          ACTUALLY, THERE WAS A GROUNDBREAKING AT AT FOURTH AND MAIN FOR THE PROJECT CALLED ARDALAN
PLAZA. 
          [00:05:02]
SO THAT'S THAT'S EXCITING STUFF. THE MAYOR GAVE A SPEECH,
AND WE SHOULD SEE THAT IN THE SOCIAL MEDIA, BUT IT'S IMPORTANT TO CELEBRATE THIS TRANSFORMATIONAL PROJECT THAT IS GOING TO WELCOME
PEOPLE TO OUR MAIN STREET. 
          A COUPLE. BUT ON BLOCK 45. 
          ON JUNE 2ND, AND THAT'S THE SAME DAY THAT THE ECONOMIC DEVELOPMENT COMMISSION IS ALSO
GOING TO MEET TO APPROVE, WHICH IS A REQUIRED STEP BEFORE THE COUNCIL CAN HAVE THEIR FINAL BOND APPROVAL VOTE. 
          SO THAT'S ALL MOVING FORWARD. AND AND WITH THAT I'M HAPPY TO ANSWER ANY QUESTIONS. 
          I WILL JUST NOTE, DIRECTOR. YES. WILL YOU HAVE EVERY INTENTION ON VOTING ON THAT JUNE 2ND? AWESOME. I WILL ALSO NOTE THERE WAS NO ARCHITECTURAL ARCHITECTURAL REVIEW COMMITTEE THIS
MONTH. 
          OKAY. THANK YOU. THANK YOU. ANY OTHER QUESTIONS FOR THE OR INFORMATION REGARDING THE
DIRECTOR'S REPORT? COMMISSIONERS. GOOD STUFF. NO THANK YOU COMMISSIONER. 
          ANYTHING ELSE? THANK YOU. VERY GOOD. SO WE DON'T HAVE AN ARCHITECTURAL COMMITTEE REPORT,
SO WE'LL MOVE ON. 
          IS THERE ANY OLD BUSINESS TO COME BEFORE US THIS EVENING? NOT AT THIS TIME. THANK YOU VERY MUCH. WE'LL MOVE ON TO OUR NEW BUSINESS. 
          [7.a. Action Item #1 – Resolution 2025-09 re: Intent of TIF Increment
Synopsis: This is an annual approval that is required by state statute where the Commission must state their intent to retain and use all of the TIF they are receiving for the next year.]
AND OUR FIRST ACTION ITEM THIS EVENING IS LET'S SEE. 
          RESOLUTION 2025, DASH ZERO NINE, INTENT OF TIF INCREMENT. 
          AND THIS IS GOT MR. LEE'S NAME ON IT. MR. LEE,
IF YOU COULD EXPLAIN THIS FOR US. 
          THIS IS REQUIRED EACH YEAR BY STATE STATUTE FOR THE COMMISSION TO APPROVE BASICALLY
STATING THAT WE INTEND TO RETAIN ALL OF OUR TIF FOR THE FOLLOWING YEAR, THAT WE'RE NOT GOING TO PASS THROUGH ANY MORE TO THE OTHER TAX UNITS WE HAVE RESOLUTION
THAT HAS TO BE SIGNED TO THAT EXTENT, AND THEN WE SEND THAT NOTICE OUT TO EACH OF THE TAXING UNITS,
LETTING THEM KNOW NOT TO COUNT ON THIS FOR NEXT YEAR'S BUDGET. 
          OKAY. THANK YOU, MR. LEE. ANY QUESTIONS OF MR. LEE REGARDING THIS RESOLUTION BEFORE US? NO. SEEING NONE. 
          COMMISSIONERS, IF IT'S YOUR PLEASURE. THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL OF
ACTION. 
          ITEM NUMBER ONE. MOVE TO APPROVE. THANK YOU. COMMISSIONER,
IS THERE A SECOND? SECOND? IT'S BEEN MOVED AND SECONDED. MARIANO,
WOULD YOU PLEASE CALL THE ROLL? PRESIDENT HAMMER. AYE. VICE PRESIDENT BOWERS. 
          COUNSELOR. ORSON. I THANK YOU. IT IS APPROVED. 
          THANK YOU VERY MUCH, COMMISSIONERS. WE WILL NOW MOVE ON TO OUR NEXT ACTION ITEM,
WHICH IS ACTION ITEM NUMBER TWO. 
          [*A Portion of This Video Contains No Video or Audio*]
          [7.b. Action Item #2 – Resolution 2025-10 re: North End Phase III Declaratory Resolution
Synopsis: This is the first step in creating the North End Phase III allocation area.]
AND THIS IS RESOLUTION 2025, DASH TEN, WHICH IS AMENDING THE OLD TOWN ECONOMIC DEVELOPMENT
AREA AND DEVELOPMENT PLAN. 
          THE NORTH END PHASE THREE ECONOMIC DEVELOPMENT AREA. 
          ONCE AGAIN, MR. LEE. THANK YOU. YES, THIS IS THE FIRST STEP IN CREATING THE NORTH END OF
PHASE THREE. 
          ALLOCATION AREA IS REALLY. 
          [00:11:00]
TRYING TO DEAL WITH THE TECHNICAL ISSUE HERE,
SO BEAR WITH US FOR A MOMENT. 
          WELL, WHILE YOU'RE DOING THAT, HENRY, MAYBE I CAN ASK YOU. IS THAT DOES THIS RESET THE
TIME FOR THE BOTH THE ALLOCATION AREAS? THE THE SECOND AREA IS BRAND NEW. THE FIRST AREA,
THE BOND FOR PHASE ONE WAS NEVER TAGGED ON TO THE THE AREA THAT EXISTS NOW. 
          SO THEY ALL WILL HAVE A 25 YEAR LIFE. OKAY, GOOD. 
          YOU GOT TO GO TO DISPLAY SETTINGS AND THEN YOU GOT TO SWITCH THEM UP. 
          SO TRY THAT. YEAH YEAH. LOOKS LIKE THE PICTURE IS STABILIZED. 
          SO GEORGE. 
          CAN YOU SOMEONE LOOKING AT THAT. SEE WHAT'S ON THESE BIG SCREENS? YEAH. BUT NOT. WELL, THAT MIGHT THAT MIGHT BE AS GOOD AS IT GETS. 
          YEAH. WE'LL SEE WHAT THAT LOOKS LIKE. OKAY. 
          HOPEFULLY WE CAN RESOLVE THE TECHNICAL ISSUES HERE. 
          ALL RIGHT. THERE YOU GO. ALL RIGHT. TRY THIS ONE MORE TIME. 
          MIGHT BE HARD TO SEE EXACTLY WHERE THESE AREAS ARE. 
          ADAM, ARE YOU ABLE TO SEE THESE? YES. GOOD. THANK YOU. 
          OKAY. GO AHEAD. EXCUSE ME, MR. LEE. NO. OKAY,
SO WE ALREADY TALKED ABOUT THE NORTH END PHASE TWO EARLIER AND DIRECTOR REPORT. 
          AND SO WHAT THIS DOES NOW IS WE ALREADY HAVE THIS EXISTING PHASE TWO ALLOCATION AREA. 
          AND NOW WHAT WE'RE DOING IS SINCE THERE'S TWO COMPONENTS TO IT,
THE SENIOR LIVING UNITS AND THEN THE TOWNHOMES, WE'RE CARVING OUT THIS PORTION HERE TO CREATE A SEPARATE ALLOCATION AREA BECAUSE THERE'LL
BE DIFFERENT TAX PAYER AGREEMENTS FOR THE BONDS AND EVERYTHING. 
          IT JUST MAKES EVERYTHING EASIER IF WE DO IT THAT WAY. SO RIGHT NOW THAT'S WHAT WE'RE
BRINGING BEFORE YOU IS THE FIRST STEP IN CREATING THAT NEW ALLOCATION AREA. 
          WE'LL THEN GO ON TO PLANNING COMMISSION, CITY COUNCIL AND THEN BACK TO A CONFIRMATORY
RESOLUTION HERE AT THE CRC. 
          THANK YOU, MR. LEE. QUESTIONS OF MR. LEE REGARDING THIS ACTION ITEM THAT'S BEFORE US TO
AMEND THE TAKE THE FIRST STEP OF AMENDING THE ALLOCATION AREAS. 
          I WOULD MOTION TO APPROVE THE RESOLUTION 2025-10,
AMENDING THE DECLARATORY RESOLUTION FOR OLD TOWN ECONOMIC DEVELOPMENT AREA AND DEVELOPMENT PLAN. THANK YOU. COMMISSIONER, IS THERE A SECOND? SECOND? IT'S BEEN MOVED AND SECONDED. MARIANA,
PLEASE CALL THE ROLL. 
          PRESIDENT. HAMMER. AYE. VICE PRESIDENT. BOWERS. 
          AYE, COUNCILOR AUSTIN, I THANK YOU, THANK YOU. 
          IT'S BEEN APPROVED. SO WE WILL NOW MOVE ON TO OUR NEXT ACTION ITEM,
WHICH IS RESOLUTION 2025, 
          [00:15:02]
DASH 11, WHICH IS CONFIRMING THE AMENDMENTS TO THE DECLARATORY RESOLUTION. 
          I BELIEVE WE HAVE TO HAVE A PUBLIC HEARING ON THIS MATTER BEFORE WE CAN TAKE UP THIS
RESOLUTION. 
          IF I'M I BELIEVE THAT'S THE CORRECT THING. SO I WOULD DECLARE THE PUBLIC HEARING ON THE
CLAY TERRACE CONFIRMATORY RESOLUTION TO NOW BE OPEN. I HAVE IT LOOKS LIKE IT'S SIX 47 AND THE PM. AND IS THERE ANYONE THAT WOULD LIKE TO SPEAK IN FAVOR OF THE OF THE PROJECT? THE PROPOSED PROJECT? PRESENT. SEEING NO ONE. 
          IS THERE ANYONE THAT WOULD LIKE TO SPEAK IN OPPOSITION? SEEING NO ONE. THE CHAIR WILL. THEN AT 6:48 P.M.,
DECLARE THE PUBLIC HEARING TO BE CLOSED. 
          AND NOW WE WILL MOVE ON TO THE THIRD ACTION ITEM,
WHICH IS THE RESOLUTION 2025 DASH 
          [7.d. Action Item #3 – Resolution 2025-11 re: Clay Terrace Confirmatory Resolution
Synopsis: This is the last step in creating the Clay Terrace allocation area.]
11. AND THIS IS THE AMENDMENTS TO THE DECLARATORY RESOLUTION TO THE CLAY TERRACE ECONOMIC DEVELOPMENT AREA. MR. LEE,
WOULD YOU LIKE TO GIVE A BRIEF DESCRIPTION? SURE. AND ACTUALLY, I WAS GOING TO DO BOTH OF THESE AT THE SAME TIME,
SINCE THEY'RE RELATED TO EACH OTHER. THEY'RE BOTH CONFIRMATORY RESOLUTIONS. SO THIS IS THE LAST STEP IN CREATING EACH OF THESE APPLICATION AREAS. 
          THE FIRST ONE ON YOUR AGENDA IS THE CLAY TERRACE ALLOCATION AREA. 
          AND THE SECOND ONE IS THE BJ'S WHOLESALE ALLOCATION AREA. 
          THEY'RE BOTH RELATED BECAUSE THEY BOTH TOGETHER ARE NEEDED IN ORDER TO MAKE THE
DEVELOPMENT WORK ON THE CLAY TERRACE SITE. 
          AND SO AT THIS POINT, WE DON'T HAVE A PROJECT TO BRING FORWARD,
BUT THIS ALLOWS US TO WORK WITH THE DEVELOPER TO GET A PROJECT TO BRING TOWARDS YOU, HOPEFULLY LATER THIS YEAR. BUT AGAIN, THIS IS THE LAST STEP IN CREATING BOTH OF THESE
ALLOCATION AREAS AND I'M HAPPY TO ANSWER ANY QUESTIONS. 
          ANY QUESTIONS FOR MR. LEE REGARDING. THE PROPOSAL IN FRONT OF US? IF NOT, IF IT'S THE PLEASURE OF THE COMMISSION,
THE CHAIR WOULD ENTERTAIN A MOTION. 
          MOTION OF APPROVAL FOR ACTION. ITEM NUMBER THREE. 
          I MOTION TO APPROVE RESOLUTION 2025-11. THANK YOU VERY MUCH. 
          IS THERE A SECOND? SECOND? THANK YOU, COMMISSIONER GRAYSON. 
          IT'S BEEN MOVED AND SECONDED. MARIANO, WOULD YOU PLEASE CALL THE ROLL? PRESIDENT HAMMER. AYE. VICE PRESIDENT BOWERS. 
          AYE. COUNCILOR. AUSTIN. AYE. THANK YOU. IT IS APPROVED. 
          THANK YOU VERY MUCH. WE WILL NOW MOVE ON TO A PUBLIC HEARING REGARDING THE BJ'S WHOLESALE
CONFIRMATORY RESOLUTION. 
          AND SO I NOW HAVE IT LOOKS LIKE IT'S 650. I WILL DECLARE THE PUBLIC HEARING TO BE OPEN. IS THERE ANYONE PRESENT THAT WOULD LIKE TO SPEAK IN FAVOR OF THE BJ'S HOTEL
PROJECT? CONFIRMATORY RESOLUTION. SEEING NO ONE. IS THERE ANYONE PRESENT THAT WOULD LIKE TO SPEAK
IN OPPOSITION TO THE SAME RESOLUTION? SEEING NO ONE, THE CHAIR WILL THEREFORE DECLARE THE PUBLIC HEARING TO
BE CLOSED AS OF 07:51 P.M.. THANK YOU VERY MUCH. WE WILL NOW MOVE ON TO ACTION ITEM NUMBER FOUR,
WHICH IS THE CONFIRMATORY RESOLUTION FOR 
          [7.f. Action Item #4 – Resolution 2025-12 re: BJ’s Wholesale Confirmatory Resolution Synopsis: This is the last step in creating the BJ’s Wholesale allocation area.]
THE 2025 DASH 12, WHICH IS CREATION OF THE ALLOCATION AREA FOR THE BJ'S WHOLESALE PROJECT. 
          SO WITH THAT IF IT'S YOUR PLEASURE, GENTLEMEN,
THE CHAIR WILL ENTERTAIN A MOTION REGARDING ACTION ITEM NUMBER FOUR. 
          A MOTION TO APPROVE RESOLUTION 2025. DASH ONE TWO. 
          THANK YOU. COMMISSIONER, IS THERE A SECOND? IT HAS BEEN MOVED AND SECONDED. 
          MARIANA, WOULD YOU PLEASE CALL THE ROLL? PRESIDENT HAMMER. 
          AYE. VICE PRESIDENT BOWERS. AYE. COUNCILOR AUSTIN. 
          AYE. THANK YOU. THANK YOU VERY MUCH. IT HAS BEEN APPROVED. 
          IS THERE ANY OTHER BUSINESS TO COME BEFORE US THIS EVENING? THERE IS NOT, MR. PRESIDENT. THANK YOU VERY MUCH. 
          THEREFORE, WITHOUT OBJECTION, I WILL DECLARE US NOW TO BE IN ADJOURNMENT,
PENDING THE EXECUTION OF DOCUMENTS. 
          [9. EXECUTION OF DOCUMENTS
NEXT REGULAR MEETING: Wednesday, June 18th, 2025, 6:30 p.m.]
THANK YOU VERY MUCH. OUR NEXT MEETING WILL BE ON WEDNESDAY,
JUNE 18TH AT 6:30 P.M. 
          [00:20:07]
HERE IN THE CITY COUNCIL CHAMBERS. WE ARE ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.