Jan 18, 2023 Carmel Redevelopment Commission

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GENTLEMEN, AND WELCOME TO THE REGULAR MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION. WE ARE HERE IN THE CITY COUNCIL CHAMBERS AND SO I'D LIKE TO CALL THE MEETING TO ORDER. WE DO HAVE A QUORUM OF OUR MEMBERS PRESENT. W DO HAVE A NEW MEMBER FROM THE CARMEL SCHOOL BOARD. I'D LIKE TO

[1. PLEDGE OF ALLEGIANCE]

[2. ELECTION OF OFFICERS]

>> I WILL NOMINATE BILL HEMMER.

>> ARE THERE ANY OTHER NOMINATIONS? NONE , WE WILL DECLARE THE NOMINATIONS TO BE CLOSED. ALL IN FAVOR OF BILL HEMMER BEING PRESIDENT ? I GUESS WE KEPT THE INDIVIDUAL

VOTES. >> PRESIDENT HAMMER? VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER'S SNI.

>> THANK YOU VERY MUCH. WE WILL OPEN THE FLOOR FOR NOMINATIONS

FOR VICE PRESIDENT. >> I WOULD LIKE TO NOMINATE

DAVID BOWERS. >> THANK YOU. ARE THERE ANY FURTHER NOMINATIONS? SAYING NONE, I WILL DECLARE THE NOMINATIONS TO BE CLOSED. WOULD YOU PLEASE CALL THE ROLE?

>> PRESIDENT HAMMER. COMMISSIONER BOWERS. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA.

OPEN THE FLOOR FOR NOMINATIONS FOR THE POSITION OF SECRETARY OF THE REDEVELOPMENT COMMISSION. DOES ANYONE WISH TO MAKE A NOMINATION? WANT TO NOMINATE RUSTY MARK I DON'T KNOW IF YOU CAN NOMINATE YOURSELF? YES.

>> I'D LIKE TO NOMINATE BILL BROOKS.

>> ARE THERE ANY OTHER NOMINATIONS FOR THE POSITION OF SECRETARY? SAYING NONE I WILL DECLARE THE NOMINATIONS TO BE CLOSED. PLEASE CALL THE ROLL ONCE AGAIN.

>> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA .

>> CONGRATULATIONS. YOU ARE ONCE AGAIN YOUR SECRETARY.

[3. APPROVAL OF MINUTES]

>> THANK YOU VERY MUCH. >> WE WILL NOW MOVE ON TO OUR NEXT ORDER OF BUSINESS WHICH IS THE APPROVAL OF MINUTES OF OUR MEETING OF DECEMBER 15TH. ARE THERE ANY CORRECTIONS OR ADDITION TO THE MINUTES AS PRESENTED TO YOU IN YOUR PACKETS? THANK YOU. IS THERE A SECOND? IT HAS BEEN MOVED AND SECONDED TO APPROVE THE MINUTES. ONCE AGAIN .

>> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY

BROOKS. COMMISSIONER SASENA. >> THANK YOU VERY MUCH. THE

[4a. Cash Flow Report]

>> THANK YOU. THE COMMISSIONS AND MONTH BALANCE FOR DECEMBER 2022 WAS $7,327,000 -- $3,727,009. RESTRICTIVE FUNDS FOR $16,488,663. I WILL ALSO NOTE THAT LAST TIME GOVERNMENT DECEMBER, YOU APPROVED THE 2013 ILLINOIS STREET LINES AND THOSE

HAVE NOW BEEN. >> THANK YOU. I ASSUME ALL OUR BOND PAYMENTS WERE MADE ON TIME IN THE APPROPRIATE AMOUNTS.

>> CORRECT. >> COMMISSIONER, ANY QUESTIONS

[4b. Approval of Claims]

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>> TWO SETS OF CLAIMS TONIGHT. FIRST FOR NON-OPERATING EXPENSES IN THE AMOUNT OF $467,490.47. THE SECOND ONE FOR THE 2021 BOND CLAIMS IN THE AMOUNT OF $178,701.31. PLEASE LET ME KNOW IF YOU HAVE QUESTIONS.

>> THANK YOU. ANY QUESTIONS REGARDING EITHER OF THE EXPENSES? THANK YOU. IS THERE A SECOND TO THE MOTION?

>> I SECOND THAT. >> IT HAS BEEN MOVED. THANK

YOU. ONCE AGAIN, ROLE. >> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA.

>> THE CLAIMS ARE APPROVED. THANK YOU VERY MUCH. ARE THERE

[5. EXECUTIVE DIRECTOR REPORT]

MONTH IS A BUSY MONTH AT THE REDEVELOPMENT COMMISSION AND IN THE CITY OF CARMEL. JANUARY IS NO DIFFERENT -- OR I GUESS DECEMBER. IT'S JANUARY NOW. THIS IS A DECEMBER REPORT. AS YOU KNOW, THIS YEAR'S EASILY SINKING INTO THE FUTURE.

THAT'S WHY IT SAYS JANUARY THERE. I SHOULD PROBABLY CHANGE THAT. LOTS OF PROJECTS GOING ON. THIS CONTINUES. WE SHOULD SEE STEEL GOING UP SEVEN STORIES HERE IN THE NEXT FEW MONTHS. IT'S GOING TO TOWER OVER EVERYTHING ELSE. IT'LL BE A MAGNIFICENT SIGHT . SAME WITH THE WINDSOR. LOTS OF PROGRESS BEING MADE. THESE ARE THE FINAL TWO BUILDINGS OF CITY CENTER. PRESIDIUM IS BASICALLY FINISHED. THE PICTURES ARE DATED BECAUSE THAT ART HAS BEEN MOVED ELSEWHERE. THIS CONTINUES TO GET BUILT OUT. THEY ARE WORKING ON THE MAIN CONDO BUILDING NOW. LOTS OF PROGRESS BEING MADE. PEOPLE ARE ALREADY MOVING IN. IT'S NICE TO SEE THAT. FIRST ON MAIN, THIS PROJECT IS EXCITING. LOTS OF STUFF GOING ON HERE.

THE CONDO PORTION THAT FACES THE NORTH RANGELINE IS BEING WORKED ON NOW. THE GARAGE IS DONE. THIS BUILDING IS FLYING.

THEY ARE HAVING TREMENDOUS SUCCESS LEASING IT OUT. I THINK THAT ALMOST DONE. LOOKING FORWARD TO LATER THIS YEAR THERE IS GOING TO BE A FACADE THAT'S GOING TO GET PUT ONTO THIS BUILDING SO THAT EVERYONE ELSE IN THE WORLD CAN SEE HOW BEAUTIFUL THIS BUILDING IS. IT'S SOMETHING WE AT THE REDEVELOPMENT COMMISSION NOTE TO BEECHER. MAGNOLIA CONTINUES TO BE UNDER CONSTRUCTION. THE STACK FLATS PRODUCTS THERE.

THE CORNER IS PROBABLY THE ONE I'VE HEARD MOST EXCITEMENT ABOUT BECAUSE PEOPLE ARE SEEING THE FRAMING AND THE TOP OF THE BUILDING BEING FRAMED OUT . PEOPLE ARE FINALLY NOTICING ARCHITECTURAL DETAILS THAT COVER THE FACADE OF THAT BUILDING. IT'S NICE TO SEE THE SCALE OF THAT PROJECT FINALLY TAKING SHAPE. SAME WITH THE SIGNATURE. LOTS OF PROGRESS BEING MADE THERE. IT'S LOOKING BETTER AND BETTER. CRC STAFF HAD OPPORTUNITY EARLIER THIS WEEK TO VISIT THE ARTIST STUDIO TO SEE THE PROGRESS ON THE MURALS . THE BEAUTIFUL MOSAIC MURALS THAT ARE GOING TO BE PART OF THAT PROJECT. IT'S GOING TO BE AN EXCITING SPRING WHEN WE SEE THOSE FINALLY GET PUT ONTO THE BUILDING. THE PROGRESS CONTINUES. PRESIDIUM

[00:10:02]

>> THANK YOU. ARE THERE ANY QUESTIONS REGARDING THE DIRECTORS REPORT ON ANY OF THE PROPERTIES AS PRESENTED? SAYING NONE, WE WILL MOVE ON. THANK YOU. WE WILL MOVE ON TO

[6a. Architectural Review Committee]

>> THANK YOU. WE DID MEET. WE MET ON JANUARY 11TH .

COMMISSIONER WARDWELL AND I HAD THE PLEASURE OF THE SITE PLAN AND BUILDING ELEVATIONS FOR THE ELLA WAR PROJECT THAT IS WE WILL BE TALKING ABOUT THAT LATER. FOR THOSE WHO DON'T KNOW THAT PROJECT INCLUDES THE 1933 RESTAURANT, OFFICES AND TOWNHOMES ALONG FIRST AVENUE. AT THE MEETING WE STATED THAT THE CRC STAFF REVIEWED THE PROJECT WITH OTHER CITY DEPARTMENTS AND RECOMMENDED APPROVAL. I WANTED TO MAKE NOTE THAT THIS REVIEW AND SUBSEQUENT APPROVAL EXCLUDED THE ARCHITECTURE OF THE TOWNHOMES THAT IS GOING TO BE REVIEWED AT A LATER DATE. THE DEVELOPER IS GOING TO SUBMIT ARCHITECTURE OF THE TOWNHOMES DETAILS WITH THE CRC AND CONTINUED COORDINATION OF SITE LAYOUT WITH THE PROCESS. WE APPROVED ALL THOSE THINGS WITH THE NOTED COMMENTS PREVIOUSLY MENTIONED. THAT CONCLUDES MY BRIEF.

>> THANK YOU. ANY QUESTION REGARDING THE ARCHITECTURAL COMMITTEE? SAYING NONE, WE WILL MOVE ON TO OUR NEXT ITEM

[8a. Public Hearing for Concourse confirmatory resolution]

US THIS EVENING? >> THERE IS NOT.

>> WE WILL NOW MOVE ON TO NEW BUSINESS. OUR FIRST ITEM OF NEW BUSINESS IS A PUBLIC HEARING CONSIDERING THE CONCOURSE CONFIRMATORY RESOLUTION . I REMIND THOSE THAT ARE HERE AND WATCHING THAT UNDER THE INDIANA REDEVELOPMENT LAW APPROVAL PROCESS I HAVE SEVERAL STEPS. THE FIRST STEP IS A DECLARATORY RESOLUTION. AFTER THAT IT GOES THE PROPOSED AMENDMENT GOES TO THE PLANNING COMMISSION. THEREAFTER IT GOES TO THE CITY COUNCIL AND THEN IT COMES BACK HERE FOR A PUBLIC HEARING, WHICH IS WHAT WE WILL BE OPENING UP IN JUST A MOMENT.

AFTER THE PUBLIC HEARING IT IS CONSIDERED UNDER A FINAL CONFIRMATORY RESOLUTION BY THE COMMISSION. AT THIS POINT, I WOULD LIKE TO OPEN THE PUBLIC HEARING REGARDING THE CONCOURSE. I THINK THIS IS AN AMENDMENT . AS I OPEN THE HEARING I WOULD LIKE MR. LEE TO GIVE US A BRIEF DESCRIPTION .

LOCATED JUST ON THE WEST SIDE OF MONON IN MIDTOWN JUST SOUTH OF THE WATER TOWER. THIS IS THE PROJECT THAT IS GOING HAVE 99 MULTIFAMILY UNITS WITH 20% OF THAT DEDICATED TO WORKFORCE HOUSING. THE FIRST FLOOR IS GOING TO BE ALL COMMERCIAL. THE GARAGE WILL BE WRAPPED BY THE MULTIFAMILY UNITS. THIS, LIKE YOU SAID, IS THE FINAL STEP IN CREATING A LOCATION AREA FOR

THIS. >> THANK YOU. IS THERE ANYONE PRESENT THAT WOULD LIKE TO SPEAK IN FAVOR OF THE CREATION OF THIS AMENDED DISTRICT? SAYING NONE , IS THERE ANYONE THAT WOULD LIKE TO SEE IN OPPOSITION ? SEEING NO ONE I

[8b. Action Item #1 – Resolution 2023-01 re: Concourse Confirmatory Resolution]

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>> I DON'T HAVE ANYTHING ELSE TO ADD AT THIS TIME.

>> THANK YOU. QUESTIONS REGARDING THE FINAL ACTION ON

THE CONCOURSE AMENDMENTS? >> I MOVED TO APPROVE.

>> I SECOND THAT MOTION. >> IT'S BEEN SECONDED. THANK YOU VERY MUCH. PLEASE CALL THE ROLL.

>> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY

BROOKS. COMMISSIONER SASENA. >> THANK YOU. IT IS APPROVED.

[8c. Action Item #2 – Declaratory Resolution 2023-02 re: 1933 allocation area]

>> THIS IS THE FIRST STEP IN CREATING THIS ALLOCATION AREA.

DIRECTOR MISS AT SKI HAS HAD THIS PROJECT AT COUNCIL AND AS FOR APPROVAL FOR FUNDING FOR ACQUISITION OF THIS LAND. THAT IS WHAT WE ARE PUTTING INTO THIS PROJECT . $3.5 MILLION FOR THE ACQUISITION AND IN RETURN WE RECEIVE 100% OF THE TIF.

THIS PROJECT INCLUDES COMMERCIAL BUILDING. ROUGHLY 55,000 SQUARE FEET. THE FIRST FLOOR WILL BE ANCHORED BY A RESTAURANT TENANT THAT WE THINK WILL BE 1933 LOUNGE.

THIS WILL ALSO HAVE 11 TOWNHOMES AND SURFACE PARKING.

HERE IS A MOST RECENT RENDERING OF WHAT WE BELIEVE THIS WILL LOOK LIKE. PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS . FOR REFERENCE, THIS IS ON THE EAST SIDE RIGHT ACROSS THE STREET FROM THE DESIGN CENTER.

>> THANK YOU. ONCE AGAIN, I REMIND EVERYONE THE DECLARATORY RESOLUTION IS THE FIRST STEP IN THE PROCESS AND WILL THEN GO TO THE PLANNING COMMISSION CITY COUNCIL AND THEN BACK HERE FOR A PUBLIC HEARING AND THEN A FINAL VOTE ON A CONFIRMATORY RESOLUTION. DO ANY COMMISSIONERS HAVE QUESTIONS REGARDING THIS ACTION ITEM? SEEING NONE I WILL ASK TO

PLEASE CALL THE ROLL. >> I MOVED TO APPROVE.

>> THANK YOU VERY MUCH. I JUMPED AHEAD. THANK YOU. OKAY.

NOW PLEASE CALL THE ROLL. >> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA.

WE WILL FORWARD IT ON THROUGH THE PROCESS. OUR NEXT ACTION ITEM . ACTION ITEM NUMBER 3. THIS IS RESOLUTION 2023-03 ,

[8d. Action Item #3 – Resolution 2023-03 re: LOR/1933 project terms]

>> THANK YOU. BEFORE I JUMP TO THAT I WANT TO REMIND ANYONE WATCHING OR LISTENING THAT THERE IS A NEW WEBSITE THAT WAS LAUNCHED BY THE REDEVELOPMENT COMMISSION THAT HAS A PROJECTS TAB . AS WE ARE DISCUSSING ANYTHING AND YOU'RE WONDERING , WHAT IS THAT ? YOU'RE ABLE TO JUMP TO THIS WEBSITE AND SEE A PICTURE OF WHERE IT'S LOCATED AND WHAT THE CONCOURSE IS GOING TO LOOK LIKE. WE ALWAYS ARE STRIVING FOR GRANDER AND GREATER TRANSPARENCY AND THIS IS JUST A FURTHEREXTENSION OF OUR EFFORTS SO IF ANYONE IS EVER WONDERING WHAT PROJECT WE ARE DISCUSSING YOU'RE ABLE TO FIND ALL THAT INFORMATION ON THE REDEVELOPMENT PROJECT TAB .

SHARE IT WITH YOUR FRIENDS. ALL RIGHT. NOW THAT WE HAVE HAD --

[00:20:25]

THOSE WOULD BE FOUR-STORY TOWNHOMES. THE REDEVELOPMENT COMMISSION WOULD KEEP ALL THE TIF. THERE'S A PROJECT SUMMARY ON THE SLIDE I'M SHOWING THAT ACTUALLY SHOWS THE CONTRIBUTIONS OF THE CRC AND WHAT THE CRC GETS BACK. YOU SEE ANNETTE CASH POSITION IF WE GO AT A 3% INTEREST RATE OF $-500,000. THIS MEANS WE ARE ABOUT HALF $1 MILLION ALL IN TURNING A COUPLE DILAPIDATED BUILDING, RENTALS AND REALLY NOT VERY ECONOMIC PROPERTY ACROSS THE STREET FROM DESIGN CENTER INTO A DESTINATION RESTAURANT . MORE CORPORATE JOBS AND MORE FOR-SALE HOUSING. AS A RETURN ON INVESTMENT PEOPLE ARE GOING TO PAY MONEY TO BUY THOSE TOWNHOMES AND THE INCOME TAXES THAT THEY RECEIVE CASH EARN IS GOING TO BENEFIT THE CITY BECAUSE THE CITY DOES RECEIVE A PORTION OF INCOME TAXES OF ITS RESIDENTS. IT'S GOING TO CREATE RETAIL . THIS IS FROM A NET ROI . IT'S A GREAT DEAL FOR THE CITY. THIS HAS ALREADY BEEN APPROVED BY COUNSEL WHEN THEY ALLOWED US TO USE A TIF BOND TO BUY THE LAND. WE ARE EXCITED TO MOVE THIS PROJECT FORWARD. THIS RESOLUTION WOULD ESSENTIALLY PROVE THE CRC THAT IS MEMORIALIZED BY THE TERMS OF THE ATTACHED RESOLUTION. WITH THAT, I'M HAPPY TO ANSWER ANY

QUESTIONS. >> THANK YOU. ANY QUESTIONS OF THE DIRECTOR REGARDING THIS PROPOSED PROJECT?

>> I PERUSED THIS QUICKLY. I DON'T KNOW IF THERE IS TIMELINES BUILT INTO THIS? WE WANT TO SEE SOMETHING BUILT AS QUICKLY AS POSSIBLE. I KNOW PHASE ONE HAS BEEN REVIEWED.

PHASE TWO WOULD BE THE TOWNHOMES. I'LL BE SETTING SOME THRESHOLDS TO START THE PROJECT IN PHASE ONE AND TO

START THE PROJECT PHASE TWO? >> YEAH. FROM A PRACTICAL STANDPOINT THE PROPERTY WOULD NOT BE DEEDED BACK TO THE DEVELOPER UNTIL THEY'VE LOCKED UP A CONSTRUCTION LOAN FOR THE OFFICE BUILDING. THAT'S HOW WE SECURE THAT THAT HAPPENS.

THERE IS GOING TO BE A PAYMENT IN ADDITION TO TAXES.

I GUARANTEE THAT WILL HAVE THE DEVELOPER START PAYING MONEY TO US I THINK 2 1/2 YEARS. THAT PAYMENT WOULD HIT FOR THEM STARTING THE TOWNHOMES. THAT GUARANTY IS GOING TO ENSURE THAT WITHIN A CERTAIN AMOUNT OF TIME THEY WILL BUILD THE TOWN. I HAVE NO DOUBT THAT WILL HAPPEN. THOSE

[00:25:03]

>> OTHER QUESTIONS FOR THE DIRECTOR? SEEING NONE, I DO HAVE ONE. UNDER THE REDEVELOPMENT LAW, SINCE WE DID NOT HAVE THIS PROPERTY WHEN WE OPENED IT SLIGHTLY OVER 30 DAYS AGO THE REDEVELOPMENT COMMISSION NOW CAN GO OUT AND NEGOTIATE FOR THE SALE OF THIS PROPERTY.

>> THAT'S RIGHT. THE TIME PERIOD IS 30 DAYS. THE LAST MEETING WAS DECEMBER 15TH. NORMAL COMMISSION IS FREE TO ENTER INTO AN AGREEMENT FOR THAT PROPERTY.

>> THANK YOU. ANY OTHER QUESTIONS AT THIS POINT? THE CHAIR WILL ENTERTAIN A MOTION OF APPROVAL IF NOT. IT'S BEEN MOVED AND SECONDED. IF YOU WOULD PLEASE CALL THE ROLL.

>> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA.

[8e. Action Item #4 – Resolution 2023-04 re: ERS Old Meridian project terms]

>> THANK YOU. IT IS APPROVED. WE WILL NOW MOVE ON TO OUR NEXT ACTION ITEM. RESOLUTION 2023-04 OF THE REDEVELOPMENT COMMISSION TO APPROVE THE TERMS OF THE ERS OLD MERIDIAN

PROJECT. >> IF YOU'RE WONDERING WHAT ERS MERIDIAN IS THE INFORMATION IS AVAILABLE ON CHOOSE CARMEL IM.COM. THIS IS A PROJECT APPROVED THROUGH CITY COUNCIL MID LAST YEAR. IT'S GOING TO TAKE PLACE AT THE SOUTHEAST CORNER WHERE THE PLAZA IS TODAY . IT INCLUDES 22 FOR-SALE CONDO UNITS PICTURED IN THE LOWER LEFT THAT WOULD LINE MAIN STREET. IT'S GENERALLY A LUXURY APARTMENT PROJECT. $75 MILLION INVESTMENT INTO THE CITY . 581 PARKING SPACE GARAGE. 75% OF WHICH IS FREE AND OPEN TO THE PUBLIC.

IT'S TOUGH TO SEE IN THE RENDERING BUT THERE WILL BE A PUBLIC PLAZA THAT WE WILL CONTINUE TO WORK ON THAT WILL BE AT THE CORNER OF THAT INTERSECTION . THERE ARE GOING TO BE PUBLIC BATHROOMS PART OF THE PLAZA. WE EXPECT IT TO BE AN EXCITING ADDITION TO THE OLD MERIDIAN COURT ORDER. THIS IS A TIF SPLIT DEAL. ESSENTIALLY, THE RESOLUTION IN FRONT OF YOU MEMORIALIZES THE TERMS OF A PROJECT AGREEMENT THAT WOULD BE NEGOTIATED TO EFFECTUATE THIS PROJECT. THE LOCATION AREA HAS ALREADY BEEN CREATED . WORKING ON IT.

WE'VE HAD THE RESOLUTION AND IT'S MAKING ITS WAY THROUGH COMMISSION AND GOING TO CITY COUNCIL NEXT. THE BOND HAS ALREADY BEEN APPROVED. THIS IS ONE OF THE LAST STEPS INTO MAKING THIS PROJECT HAPPEN. THE ARCHITECTURE IS BEAUTIFUL AND LOOKING FORWARD TO THIS BEING BUILT . THE HEELS OF THE SIGNATURE PROJECT NORTH OF HERE ARE TOTALLY TRANSFORMING THE OLD MERIDIAN INTERSECTION. I WILL ALSO POINT OUT THE PLAZA TODAY PAYS $30,000 A YEAR IN TAXES AND ONCE THIS PROJECT IS A BUILT , FOR THE SCHOOLS ALONE, IT'LL GENERATE $140,000 A YEAR OF NEW REVENUE. IT WILL ALSO INCREASE THE VALUE OF THAT LAND FROM ABOUT $350,000 AN ACRE TO 12 AND HALF MILLION DOLLARS AN ACRE. THAT'S A 30 FOLD INCREASE IN VALUE OF THAT

[00:30:01]

OTHER ASPECT OF THIS PROJECT. >> THANK YOU. ANY QUESTIONS OF THE DIRECTOR REGARDING THIS PROJECT? I SEE NONE. THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL?

>> I MOVE TO APPROVE. >> SECOND.

>> WOULD YOU PLEASE CALL THE ROLE?

>> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA.

[8f. Action Item #5 – Approval of engagement letter with Wallack Somers & Haas]

>> THANK YOU VERY MUCH COMMISSIONERS. NOW WE MOVE ON TO OUR NEXT ACTION ITEM THAT IS APPROVAL OF THE 2023 ENGAGEMENT LETTER WITH THE LAW FIRM WALLACK SOMERS AND HAAS FOR LEGAL SERVICES. I'M SURE THERE'S SOME INTEREST IN THIS.

MR. DIRECTOR. >> THE LAW FIRM OF WALLACK SOMERS AND HAAS HAS REPRESENTED THE REDEVELOPMENT COMMISSION SINCE ITS INCEPTION FOR 20+ YEARS . THERE'S NOBODY WE TRUST MORE . WALLACK SOMERS AND HAAS DO NOT RAISE THEIR RATES VERY OFTEN . I BELIEVE THE LAST TIME THE RATES WERE RAISED WAS IN 2020 WHICH IS DIFFERENT THAN MOST LAW FIRMS THAT RAISE RATES ANNUALLY. I BELIEVE THE RATES HERE REPRESENT A DISCOUNT OFF THE STANDARD RATES THAT WALLACK SOMERS AND HAAS CHARGES ITS OTHER CLIENTS , WHICH WE APPRECIATE , AND I WOULD RECOMMEND TO THE COMMISSION WE CONTINUE USING WALLACK SOMERS AND HAAS FOR THIS SPECIALIZED REDEVELOPMENT COUNSEL LEGAL SERVICES THAT IT PROVIDES. I'M HAPPY TO ANSWER ANY QUESTIONS IF YOU'D LIKE . IT IS A PUBLIC MEETING. HE HAS EARNED HIS MONEY TODAY. I HIGHLY RECOMMEND WE APPROVE THIS . THEY'VE DONE AN AMAZING JOB STRESS THROUGHOUT THE

YEARS. >> THANK YOU. ANY QUESTIONS OF THE DIRECTOR REGARDING ENGAGEMENT OF WALLACK SOMERS AND HAAS? SEEING NONE, IF IT'S YOUR PLEASURE, UNLESS THERE'S SOMETHING TO ADD AT THIS POINT --

>> THANK YOU FOR YOUR CONSIDERATION AND ENGAGEMENT WITH US OVER THE LAST QUARTER CENTURY NOW. THIS WAS THE WORK HE ENJOYED THE MOST AND HE WAS MY MENTOR AND IS NO LONGER WITH US BUT IT MEANS A LOT TO BE ABLE TO DO THIS FOR SO LONG . IT'S WHAT WE ENJOY DOING THE MOST. THANK YOU FOR THE LAST 25 YEARS AND HOPEFULLY ANOTHER YEAR.

>> THANK YOU VERY MUCH. IF IT'S YOUR PLEASURE, COMMISSIONERS, A MOTION OF APPROVAL.

>> SECOND. >> IT'S BEEN MOVED AND SECONDED. WOULD YOU PLEASE CALL THE ROLE?

>> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA. APPROVED.

>> IT IS APPROVED. THANK YOU VERY MUCH. THANK YOU TO MR. WELNER AND HIS YEARS OF SERVICE TO US. NOW, I BELIEVE

[Additional Item]

PRESENT THIS. >> THANK YOU. THIS PROPOSAL IS A LOCAL CARMEL INDIANA ACOUSTIC DESIGN FIRM THAT WAS SELECTED BY THE CENTER OF THE PERFORMING ARTS. THIS IS PART OF A GROUP OF PROJECTS THAT WILL BE HAPPENING AT THE PALLADIUM WITH THE HELP OF THE CRC. THIS IS THE FIRST PHASE OF THE PROJECT THAT IS ENGAGEMENT OF THE ACOUSTICAL DESIGN. I WILL BE DOING SOME ON-SITE TESTING TO UNDERSTAND THE

[00:35:01]

>> THANK YOU. I'D LIKE TO RECOGNIZE YOU FROM THE CENTER.

IF THERE ARE ANY QUESTIONS REGARDING THIS ENGAGEMENT THE CHAIR WOULD ENTERTAIN THOSE QUESTIONS AT THIS POINT.

>> I'D LIKE TO ADD ONE MORE THING. IN THE 2021 TIP BOND THAT IS A BOND PASSED BY BOTH STATE HE COUNSEL WITH SPECIFIC LINES IN IT AND A MERE RESOLUTION THAT WAS PASSED BY THE COMMISSION. ONE OF THE ITEMS IN THERE WAS A LIGHT SHOW ON THE WATER TOWER. THAT HAS EVOLVED INTO A MUCH GRANDER PROJECT WITH A DIFFERENT SOURCE OF FUNDS. AT AN EARLIER MEETING THE CITY COUNCIL VOTED TO INSTEAD ALLOCATE $1.5 MILLION TOWARD IMPROVEMENTS AT THE PALLADIUM. WHEN THAT MOVES FORWARD WE WILL HAVE A RESOLUTION FOR THE REDEVELOPMENT COMMISSION TO EQUALLY ALLOCATE THOSE FUNDS FOR THAT USE. FOR NOW, WE ARE DOING THIS TESTING AND ENGAGEMENT OF THE ACOUSTICAL EXPERT TO HELP US MOVE FORWARD WITH THOSE ENHANCEMENTS TO THE PALLADIUM SO WE WILL HAVE FURTHER RESOLUTIONS LATER ON THAT MATCH ALL THAT AND EFFECTUATE ALL THAT. THAT IS THE SOURCE OF FUNDS FOR THIS

PROJECT. >> THANK YOU. OTHER QUESTIONS OR COMMENTS? ANYTHING YOU'D LIKE TO ADD ON BEHALF OF THE CENTER FOR PERFORMING ARTS? THANK YOU.

>> CAN I MAKE A COMMENT? THIS IS MY FIRST TME MAKING A COMMENT. I USED TO GO TO A CHURCH WHERE WE HIRED THEM TO DO ACOUSTIC WORK FOR US IN A BIG ROUND BULOVA SANCTUARY WE HAD HORRIBLE PROBLEMS THERE . GAVIN AND HIS TEAM CAME IN AND DID A PHENOMENAL JOB. THE INCREDIBLE VALUE RETURN ON INVESTMENT SOLVED A PROBLEM WE DIDN'T THINK WAS SOLVABLE.

VERY REASONABLE RATES. HE'S WORLD-RENOWNED AND WELL-KNOWN OUTSIDE OF THE COUNTRY FOR BEING THE GO TO GUY. I DIDN'T NOTICE THAT UNTIL JUST NOW BUT IT'S A GOOD CHOICE. I WANTED

TO GIVE A REFERENCE TO HIM. >> THANK YOU.

>> IF I COULD I WOULD ACTUALLY APPRECIATE A VERBAL MOTION TO ALLOCATE FUNDS FROM THE 2021 TIP BOND FOR THIS $24,000 FOR THIS PURPOSE. IF YOU COULD MAKE IT PART OF THE RECORD.

>> THANK YOU. WOULD ANYONE CARE TO OFFER THAT AMENDMENT

TO THE PROPOSED MOTION? >> THAT'S WHAT'S IN THE DOCUMENT. YEAH. OKAY. THAT WORKS.

>> I JUST WANTED IT NOTED THAT'S PART OF THE DISCUSSION

WE HAD HERE TODAY. THANK YOU. >> WITH THAT IF THE CHAIRMAN ENTERTAIN A MOTION FOR APPROVAL?

>> MOTION TO APPROVE THE PROFESSIONAL SERVICES AGREEMENT FOR ACOUSTICAL DESIGN SERVICES IN THE AMOUNT OF 24,000 PAYABLE FROM THE 2021 TIP BOND .

>> THANK YOU. IS THERE A SECOND? THANK YOU. IT'S BEEN MOVED AND SECONDED. WOULD YOU PLEASE CALL THE ROLE?

>> PRESIDENT HAMMER. VICE PRESIDENT BOWERS. SECRETARY BROOKS. COMMISSIONER SASENA.

>> THANK YOU. IT IS APPROVED. IS THERE ANY OTHER BUSINESS TO

COME BEFORE US THIS EVENING? >> THERE IS NOT.

>> THANK YOU VERY MUCH. OUR NEXT REGULAR MEETING IS SCHEDULED ON WEDNESDAY FEBRUARY 15TH. IT WILL BE HERE

[10. EXECUTION OF DOCUMENTS]

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