[1. PLEDGE OF ALLEGIANCE]
[00:00:14]
>> GOOD EVENING, LADIES AND GENTLEMEN.
THIS IS A REGULAR OCTOBER MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION. WE ARE IN THE CITY COUNCIL CHAMBERS AND WE DO HAVE A QUORUM OF OUR MEMBERS PRESENT.
SO IF YOU WOULD 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.
[2. APPROVAL OF MINUTES]
WE WILL MOVE ON TO THE NEXT ITEM ON OUR AGENDA, WHICH IS THE APPROVAL OF THE MINUTES OF A SPECIAL MEETING ON SEPTEMBER 9. ARE THERE ANY CORRECTIONS OR ADDITIONS TO THE DRAFT?>> I MOVED TO APPROVE. >> THINKING.
EXITS BEEN MOVED AND SECONDED. LET'S SEE, IT SEEMS LIKE WE HAVE THE VOTING MACHINES WORKING HERE.
SO IT LOOKS LIKE IT WORKED THAT TIME.
WITH THAT, WE WILL NOW MOVE ON TO THE MINUTES OF OUR REGULAR MONTHLY MEETING IN SEPTEMBER -- SEPTEMBER 15.
ANY CORRECTIONS OR ADDITIONS TO THOSE MINUTES?
>> I MOVED TO APPROVE. >> THANK YOU.
>> SECOND. >> BEEN MOVED AND SECONDED.
RACHEL, IF YOU (INDISCERNIBLE) THE MACHINE.
[a. Cash Flow Report]
[b. Approval of Claims]
AND IT LOOKS LIKE THEY ARE APPROVED.THANK YOU VERY MUCH. WITH THAT, WE WILL NOW MOVE ON TO OUR NEXT AGENDA ITEM. WHICH IS THE FINANCIAL MATTERS.
MR. LEE, IF YOU WOULD GIVE US THE REPORT.
>> THANK YOU. THE COMMISSIONS AND A MONTH BALANCE IN SEPTEMBER WAS $5,790,065.
INCLUDED THE RESTRICTED FUNDS, IT WAS $13,290,460.
>> THANK YOU, MR. LEE. ANY QUESTIONS OF MR. LEE REGARDING THE CASH FLOW REPORT? SING NONE, WE WILL MOVE AHEAD TO APPROVAL OF CLAIMS. ONCE AGAIN, MR. LEE.
>> I HAVE THREE SETS OF CLAIM TONIGHT.
THE AMOUNT OF $68,807.64 FOR NONOPERATING.
THE SECOND ONE FOR THE 2001 TIP BONDS IN THE AMOUNT OF $2475.
LASTLY, FROM THE 2021 LOCAL INCOME TAX GENERAL OBLIGATION BONDS IN THE AMOUNT OF $53,112. PLEASE LET ME KNOW IF YOU HAVE
ANY QUESTIONS. >> THANK YOU, MR. LEE.
ANY QUESTIONS FOR MR. LEE IN REGARDS TO THE CLAIM BEFORE US?
[4. EXECUTIVE DIRECTOR REPORT]
>> THANK YOU VERY MUCH. >> SECOND.
>> IT'S BEEN MOVED AND APPROVED.
RACHEL. SO THE CLAIMS ARE APPROVED.
WITH THAT, WE WILL NOW MOVE ON TO THE EXECUTIVE DIRECTOR'S REPORT. MR. MATT TESKE.
HERE WE GO. >> GOOD EVENING, COMMISSIONERS.
I'LL PROVIDE A QUICK REPORT FOR OUR ACTIVITIES FOR THE MONTH OF OCTOBER. LOTS OF CONSTRUCTION CONTINUES THROUGHOUT THE CITY. AT THE VERY END OF SEPTEMBER, INDUSTRIOUS OPENED ON THE FIRST FLOOR.
CONSTRUCTION OF THAT CONTINUES AS WELL.
MOVEMENT CONTINUES AS WELL. IN THE AUGUST 1, YOU CAN SEE THAT THE LAWN IS UP.LOTS OF PROGRESS BEING MADE THERE.
IF YOU HAVE WRITTEN YOUR BICYCLE PAST THE MELANGE LATELY YOU WILL SEE FOUNDATIONS ARE IN FOR THE FIRST SET OF TOWNHOMES.
ON THE SOUTH SIDE OF THAT PROJECT.
IT'S MOVING RIGHT AHEAD.NOW CALLED FIRST ON MAINE IS MOVING FORWARD AS WELL. YOU PROBABLY SEE WHEN YOU DRIVE
[00:05:07]
BY THAT SITE THAT CONSTRUCTION FENCING IS UP.WE SHOULD HAVE A RENDERING FAIRLY SOON TO PRESENT TO THE WHOLE UNIVERSE. THAT'S A VERY EXCITING PROJECT.
MAGNOLIA IS CLOSE TO GETTING THEIR CONSTRUCTION PERMITS FOR THE FIRST SET OF STACKED FLATS. THE CORNER HAS THEIR CONSTRUCTION PERMIT. AND YOU PROBABLY NOTICED THAT LAND WAS ALSO FENCED. SO THEY ARE STARTING TO MOVE DIRT AND GET THE PROJECT GOING. EXCITING STUFF! SO TECH IS ALMOST FINISHED. THE SIGNATURES ARE CLOSE TO GETTING THEIR PERMITS. IT'S AN EXCITING PROJECT.
THE REDEVELOPMENT COMMISSION CONTINUE TO MOVE AHEAD WITH THE DESIGN OF THE CIVIC SQUARE PARKING GARAGE.
THAT ROAD TO THE SOUTH OF IT HAS AN OFFICIAL NAME NOW.
IT NEVER USED TO. IT'S NOW CALLED RED TRUCK ROAD.
SO THE ADDRESS OF THIS GARAGE WILL BE 50 BREAD TRUCK ROAD.
(LAUGHING) WE CONTINUE WITH OUR PARTNERSHIP WITH THE TOWNSHIP ON THE DESIGN OF THE HISTORICAL PSOCIETY HEADQUARTERS.
WE ARE WORKING WITH BROOKLYN INVESTMENT GROUP.
BIG NEWS OUT OF CITY COUNCIL THAT THE HAMPTON CROSSING PROJECT IS MOVING FORWARD. THAT IS BRINGING REPUBLIC AIRWAYS AND ABOUT A MILLION NEW JOBS THEY WILL BE BRINGING IN.
IT'S PROBABLY THE LARGEST ECONOMICAL DEVELOPMENT ANNOUNCEMENT WE'VE HAD IN THE CITY OF CARMEL.
IT'S EXCITING STUFF. THAT CONCLUDES MY REPORT FOR
THE MONTH OF OCTOBER. >> THANK YOU MR. MESTETSKY.
NY QUESTIONS REGARDING THE REPORT? SEEING NONE, WE WILL (INDISCERNIBLE) TO OUR COMMITTEE REPORTS. WE WILL BEGIN WITH THE
FINANCIAL COMMITTEE. >> WE DID NOT MEET THIS MONTH.
[b. Architectural Review Committee]
>> MR. PRESIDENT, CAN YOU TURN YOUR MICROPHONE ON?
>> SORRY ABOUT THAT. ARCHITECTURAL REVIEW COMMITTEE -- ANY INPUT FROM THE STAFF REGARDING THAT?
>> WE HAD A MEETING WHERE INITIAL RENDERINGS OF THE FIRST ON MAINE, OUR ONE LOT PROJECT WERE APPROVED.
AND WE APPROVED THE ARCHITECTURE OF THE NEW REPUBLIC PROJECT, THE HAMPTON CROSSING.
[7a. Action Item #1 – Resolution 2021-20 re: grant of funds to 4CDC for James Building tenant improvements]
THAT WAS THE EXTENT OF THE MEETING.WELL, WITH THAT, WE WILL MOVE ON TO OLD BUSINESS.
IS THERE ANY OLD BUSINESS TO COME BEFORE US THIS EVENING? SEEING NONE, WE WILL MOVE ON TO NEW BUSINESS.UR FIRST ACTION ITEM, WHICH IS RESOLUTION 2021 ? 20, WHICH IS A GRANT OF FUNDS TO THE FORT CDC FOR THE JAMES BUILDING TENANT IMPROVEMENTS.
SO WE WILL BEGIN WITH THAT. MR. DIRECTOR?
>> THIS IS REALLY EXCITING STUFF.
AS YOU KNOW, WE PREVIOUSLY HAD A SOON TO BE VACANT 40,000 SQUARE FEET OF JAMES BUILDING SPACE.
THIS IS THE BUILDING ACROSS FROM THE PALLADIUM THAT INCLUDES THE CIVIC -- THEATERS THAT EACH BOOK AND 40,000 SQUAREFEET OF SPACE. THE REDEVELOPMENT COMMISSION AND THE FOUR CDC ARE EXCITED TO ANNOUNCE THAT ALL THE SPACE HAS BEEN LEASED . AND A NEW COMPANY IS COMING.
GOING TO WAIT UNTIL THERE IS A FORMAL PRESS RELEASE FROM THE MAYOR'S OFFICE. BUT AS PART OF THAT PROJECT, WE ARE COVERING THE TI -- TENANT BUILDOUT, WHICH ARE COMMON ON MAJOR LEASES LIKE THIS. AND SO, THAT COST IS GOING TO BE AROUND 1,000,002. SO THIS WILL BE A 10 YEAR LEASE AND IT WILL COVER TI FOR THAT 10 YEAR LEASE.
SO THE REQUEST IS TO GRANT THOSE FUNDS FOR THE FOUR CDC TO ALLOW COMPLETE THE TENANT IMPROVEMENTS TO LEASE OUT THE
BUILDING AS AGREED. >> THANK YOU, MR. DIRECTOR.
[00:10:05]
QUESTIONS REGARDING THIS PROPOSED AGENDA ITEM? FURTHER COMMENTS? MR. LEE, DO YOU HAVE SOMETHING? IF NOT, THIS CHAIR WANT TO ENTERTAIN A MOTION OF APPROVAL?>> JUST A COMMENT FROM A BUDGET STANDPOINT.
THIS WAS OVERALL CONTEMPLATED IN THE BUDGET THIS YEAR.
THE FUNDS ARE ALREADY IN PLACE. WITH THAT MOTION TO APPROVE
RESOLUTION 202 ? 20. >> THANK YOU, COMMISSIONER.
[7b. Action Item #2 – Resolution 2021-21 re: Declaratory Resolution for Smokey & Monon Phase 2 allocation area]
>> SECOND. >> IT'S BEEN MOVED AND SECONDED. RACHEL, IF YOU WOULD ACTIVATE THE MACHINES. AND WE ARE APPROVED.
THANK YOU VERY MUCH, GENTLEMEN. WE WILL NOW MOVE ON TO ACTION ITEM NUMBER 2. WHICH IS THE DECLARATORY RESOLUTION, 2021 ? 21, WHICH IS AN AMENDMENT TO THE DECLARATORY RESOLUTION FOR THE SMOKY AND MOAN ON ECONOMIC DEVELOPMENT AREA PHASE 2.
THIS IS FOR PHASE 2 -- THIS MIGHT TAKE A LITTLE BIT TO LOAD. DO YOU REMEMBER FOR THE NORTH AND PROJECT AT HUNDRED AND 36 -- BETWEEN MOAN ON MERIDIAN?
>> THIS IS WHAT THE RENDERING OF THE MOAN ON PROJECT LOOKS LIKE TODAY! [LAUGHTER] THE DEAL WITH THIS PROJECT WAS TO DO A 50-50 TIP SPLIT. THE PROJECT HAS TWO DIFFERENT PHASES FOR IT.ORIGINALLY WE WERE JUST GOING TO SAY ONE BIG ALLOCATION AREA AND WE WILL SPLIT THE TIP 50-50 FROM THE GET-GO. BUT THE DEVELOPER IS DOING IT IN PHASES. WHERE THE SECOND PHASE WILL BE A COUPLE OF YEARS LATER. BUT THEY NEEDED TO GET THE INFRASTRUCTURE IN ON THE FIRST PHASE.
SO THEY REALLY NEEDED ALL THE TIP FROM THE FIRST PHASE TO MAKE THAT WORK.O WHAT WE ENDED UP DOING IS SPLITTING THIS INTO TWO DIFFERENT PARTS. SO THEY GET 100 PERCENT OF THE TIPS FROM THE FIRST PHASE AND WE GET 100 PERCENT FROM THE SECOND PHASE. SO IT WORKS OUT ABOUT 50-50 FROM WHAT THE ORIGINAL DEAL IS. NOW IN ORDER TO MAKE THAT WORK SO THAT WE ARE STILL COLLECTING 25 YEARS OF THAT TIF, WE HAD TO SEPARATE THIS INTO TWO DIFFERENT AREAS.
SO WHAT WE ARE DOING TONIGHT WITH THIS RESOLUTION IS TAKING OUT THE PARTIALS THAT ARE SUPPOSED TO BE FOR PHASE 2 AND CREATING ITS OWN ALLOCATION AREA.
WHEN THE BONDS GO FOR THIS FIRST PHASE, IT WILL START THE 25 YEAR CYCLE FOR THE SECON YEAR PHASE.
WE DON'T WANT TO DO THAT UNTIL THE INFRASTRUCTURE IS IN PLACE FOR PHASE 2. SO THAT'S BASICALLY WHAT IT'S DOING.
AND IT'S ALSO TAKING OUT THE ONE PARCEL WHERE THE
(INDISCERNIBLE) IS NOW. >> THANK YOU, MR. LEE.
MR. DIRECTOR,,? >> I WAS JUST GOING TO SUGGEST THAT YOU TURN OFF YOUR MICROPHONE UNLESS YOU ARE SPECIFICALLY SPEAKING. BECAUSE IT GIVES A LITTLE BIT
OF FEEDBACK. >> ANY QUESTIONS, MR. LEE, REGARDING THIS RESOLUTION? SEEING NONE, IF IT'S YOUR PLEASURE, GENTLEMEN, WE WOULD SHARE IN EXCEPT A MOTION TO
APPROVE THIS. >> MOVED TO APPROVE THE
[7c. Action Item #3 – Resolution 2021-22 re: Declaratory Resolution for Firehouse allocation area expansion]
>> MOVEMENT SECONDED. RACHEL, IF YOU WOULD ACTIVATE THE VOTING MACHINES. AND I BELIEVE IT'S APPROVED.
THANK YOU VERY MUCH. WE WILL NOW MOVE ON TO OUR ACTION ITEM NUMBER 3, WHICH IS THE DECLARATORY RESOLUTION FOR THE FIREHOUSE ALLOCATION AREA. MR. LEE, I BELIEVE THIS IS
WITH THIS ONE, IT'S SIMILAR. WE ARE JUST AMENDING --
>> MIKE, DO YOU JUST WANT TO LAY DOWN THE EXHIBIT AND HE WILL HAVE THE CAMERA CAPTURE IT?
>> I DON'T THINK I ACTUALLY HAVE THE FISCAL ONE WITH ME.
[00:15:16]
OKAY. FOR RIGHT NOW, WE HAVE THE FIRE STATION ALLOCATION AREA. ORIGINALLY, IT WAS A LITTLE BIT DIFFERENT LAYOUT. NOW WITH THE PARKING GARAGE THAT IS GOING HERE, WE ARE GOING TO LOOK TO WRAP THE GARAGE WITH CONDOS FOR THE SECOND PHASE OF THE MO LAUNCH PROJECT. AND RIGHT NOW, THIS PARCEL IS IN ALLOCATION AREA AND ALL THESE ARE.BUT THIS ONE IS NOT. IN THE CONDOS WILL BE WRAPPING THE WEST SIDE AND THE NORTH SIDE.
SO WITHOUT THIS PARCEL, WE'D BE LOSING THE TIF FROM THE CONDOS THAT WOULD BE RIGHT HERE ON THE NORTH SIDE.
SO NOW WE JUST NEED TO EXPAND THIS AREA AT THIS ONE PARCEL SO WE CAN COLLECT THE TIF FOR THAT PROJECT.
IT'S THE FIRST STEP IN THIS PROCESS OF ADDING THAT PARCEL.
>> THANK YOU, MR. LEE. QUESTIONS OF MR. LEE REGARDING THIS ACTION ITEM THAT IS BEFORE US?
BOX I MOVED TO APPROVE. >> THANK YOU.
>> SECOND. >> MOVED AND SECONDED.
RACHEL, WOULD YOU ACTIVATE THE MACHINES FOR US PLEASE.
[7d. Action Item #4 – Resolution 2021-23 re: Grant to CMCDC]
AND IT IS APPROVED. THANK YOU VERY MUCH.WE WILL NOW MOVE ON TO OUR NEXT ACTION ITEM.
ACTION ITEM, I BELIEVE, NUMBER 4. THIS IS THE GRAND GRANT OF FUNDS FOR THE MOAN ON SQUARE REDEVELOPMENT.HENRY, I'M
SORRY. >> THANK YOU, MR. PRESIDENT.
AS WE ALL KNOW, THE CURRENT OWNER OF THE SQUARE PROPERTY IS THE CARMEL MIDTOWN COMMUNITY DEVELOPMENT CORPORATION.
AT SOME POINT, THAT ENTIRE PROPERTY IS GOING TO BE REDEVELOPED. SO THIS IS A GRANT OF FUNDS TO THE MIDTOWN CDC AS WE CALL THEM TO CONTINUE SPURRING THAT REDEVELOPMENT . THEY'VE GOT THEIR HANDLES ON DESIGN ISSUES AND UTILITY ISSUES AND THAT'S WHERE WE WILL
ASSIST IN THAT. >> QUESTIONS REGARDING THIS ACTION ITEM, GENTLEMEN? SEEING NONE, IF IT'S YOUR PLEASURE TO ENTERTAIN A MOTION OF APPROVAL?
[7e. Action Item #5 – Contract for geotechnical investigation]
>> MOVEMENT APPROVE. >> SECOND.
>> RACHEL, WOULD YOU ACTIVATE THE MACHINES FOR US.
AND IT IS APPROVED. THANK YOU VERY MUCH.
WE WILL NOW MOVE ON TO OUR NEXT ACTION ITEM, WHICH IS ACTION ITEM NUMBER 5. THIS IS APPROVAL OF A CONTRACT WITH PATRIOT ENGINEERING FOR GEOTECHNICAL INVESTIGATION AT 620 S. LANE
SALON ROAD. >> THANK YOU, MR. PRESIDENT.
THIS IS A PROPOSAL FROM PATRIOT ENGINEERING TO PERFORM SUBSURFACE INVESTIGATION AND GEOTECHNICAL REPORT FOR THE SQUARE AREA. THIS IS PRIMARILY TO DETERMINE WHETHER WE WOULD NEED TO HAVE DEEP FOUNDATIONS OR SHALLOW FOOTINGS FOR ANY FUTURE DEVELOPMENT AND UNDERSTAND WHAT OUR OPPORTUNITIES ARE FOR ANY UNDERGROUND RETENTION OF SOIL.
>> THANK YOU. ANY QUESTIONS FROM THE COMMISSION? IF NOT, IF IT'S YOUR PLEASURE TO ENTERTAIN A MOTION OF APPROVAL.
>> MOVED TO APPROVE. >> THANK YOU.
>> SECOND. >> IT'S BEEN MOVED AND SECONDED. RACHEL, IF YOU WOULD ACTIVATE THE VOTING MACHINE. IT IS APPROVED.
[8. OTHER BUSINESS]
THANK YOU VERY MUCH, GENTLEMEN. AND WITH THAT, IS THERE ANY[9. EXECUTION OF DOCUMENTS]
OTHER BUSINESS TO COME BEFORE US THIS EVENING, MR. DIRECTOR?>> NO OTHER BUSINESS TONIGHT, MR. PRESIDENT.
>> THANK YOU VERY MUCH. WITH THAT, UNLESS THERE IS AN OBJECTION, I WILL GO AHEAD AND DECLARE THE MEETING TO BE ADJOURNED PENDING THE EXECUTION
* This transcript was compiled from uncorrected Closed Captioning.