Aug 16, 2023 Carmel Redevelopment Commission

[00:00:04]

>>> GOOD AFTERNOON EVERYONE, THIS IS THIS REGULAR MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION.

WE'RE IN COUNCIL CHAMBERS. WE HAVE A QUORUM PRESENT AND SO

[1. PLEDGE OF ALLEGIANCE]

. 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.

[2. BID OPENING]

>> THANK YOU. OUR NEXT ORDER OF BUSINESS IS A BID OPENING FOR THE PALLADIUM LIGHTING PHASE TWO.

>> THANK YOU MR. PRESIDENT. THIS IS A PUBLIC BID OPENING FOR FOUR BID PACKAGES FOR THE PALLADIUM PHASE TWO LIGHTING.

THIS IS THE THEATER LIGHTING COMPONENTS.

WE RECEIVED FOUR ENVELOPES SO I'M GOING TO OPEN THESE NOW AND WE'LL TABULATE AND COME BACK TO THIS TOPIC LATER ON IN THE

MEETING. >> THANK YOU.

>> ALL RIGHT. THIS FIRST BID IS FROM MID AMERICA SOUND..THEY HAVE INCLUDED PRICING FOR ALL FOUR BID PACKAGES. BID PACKAGE A, $214,134.30.

BID PACKAGE B, $366,050.58. BID PACKAGE C, $35,189.65.

AND BID PACKAGE D, $11,689.31. >> SECOND PROPOSAL IS FROM VLS, WHICH IS VINCENT LIGHTING SYSTEMS. BID PACKAGE A, $225,258.80. BID PACKAGE B, $367,543.50.

BID PACKAGE C, $40,762.80. AND BID PACKAGE D, $11,417.60.

THE THIRD SET OF BIDS IS FROM CT I.

BID PACKAGE A, $211,640.39. BID PACKAGE B, $339,515.27.

BID PACKAGE C, $36,033.48. AND BID PACKAGE D, $11,937.66.

LAST SET OF BIDS IS FROM INDIANAPOLIS STAGE SALES AND RENTAL. BID PACKAGE A, $199,560.

BID PACKAGE B, $332,060. BID PACKAGE C, $41,400.

AND BID PACKAGE D, $10,505. WE WILL TABULATE ALL OF THESE AND COME BACK AT THE END OF IF MEETING WITH RECOMMENDATIONS FOR EACH BID PACKAGE. THEY'LL ALL BE VAULTED

[00:05:03]

>> VERY GOOD, THANK YOU. OUR NEXT ORDER OF BIDS BUSINESS

[3. APPROVAL OF MINUTES]

ROOM? >> NO CHANGES.

I WOULD MOVE TO APPROVE. >> THANK YOU, IS THERE A SECOND.

>> I WILL SECOND. >> IT'S BEEN MOVED AND SECONDED.

ALL IN FAVOR PLEASE SAY AYE. ANY OPPOSED.

[4a. Cash Flow Report]

WITH THAT WE'LL NOW MOVE ON TO OUR FINANCIAL MATTERS AND MR. LEE, IF WE WOULD BEGIN WITH THE CASH FLOW REPORT.

>> THANK YOU THE COMMISSION'S END OF MONTH AMBULANCE FOR JULY WAS $7,019,743 AND INCLUDING RESTRICTED FUNDS IT WAS

$12,474,687. >> THANK YOU MR. LEE.

ANY QUESTIONS OF MR. LEE REGARDING THE CASH FLOW REPORT?

[4b. Approval of Claims]

AGAIN, MR. LEE. >> YOU HAVE TWO SETS OF CLAIMS BEFORE YOU TONIGHT. ONE FOR NONOPERATING EXPENSES IN THE AMOUNT OF $115,000.82238. AND THE SECOND ONE FROM THE 2021 ZIP BONDS IN THE. A 17,675,685.

POLICE DEPARTMENTS LET ME KNOW IF YOU HAVE ANY QUESTIONS.

>> THANK YOU MR. LEE. QUESTIONS OF MR. LEE REGARD THE CLAIMS THAT ARE BEFORE US? SEEING NONE, IF IT'S YOUR PLEASURE GENTLEMEN THE CHAIR WOULD ENTERTAIN A MOTION OF

APPROVAL. >> SO MOVED.

>> THANK YOU. IS THERE A SECOND?

>> IT IS BEEN MOVED AND SECONDS. ALL IN FAVOR PLEASE SAY AYE.

ANY OPPOSED? LET'S SEE.

[5. EXECUTIVE DIRECTOR REPORT]

MR. DIRECTOR. >> .

>> GOOD EVENING, COMMISSIONERS. IT IS AUGUST AND CRANES ARE IN THE AIR. EVERYWHERE.

THAT'S AN ORIGINAL. LOTS OF GREAT STUFF GOING ON ALL OVER THE PLACE. CITY CENTER CONTINUES ITS FINAL PHASES WITH THE WREN AND THE WINDSOR BUILDING, LOOKING.

AT THE PROSCENIUM THE DEVELOPER HAS FILED PLANS FOR THE GREEN PICTURED HERE. IT'S MAKING ITS WAY THROUGH THE ADLS PROCESS NOW. IF YOU'LL REMEMBER THIS HAS ALREADY BEEN APPROVED BY THE ARCHITECTURAL REVIEW COMMITTEE.

THE BELANGE WILL BE COMPLETED CONSTRUCTION IN THE NEXT FEW MONTHS. [INDISCERNIBLE] IS ALSO MOVING FORWARD, WE EXPECT IT TO BE OPEN AROUND OCTOBER.

MAGNOLIA IS ON THEIR SECOND BUILDING GOING FOR THE THIRD SOON. LOTS OF PROGRESS ON THE MUSE.

THAT PREDICT HAS BEEN UPDATED. WE HAVE SOME PRETTY GOOD RENDERINGS -- OR THE FACADE IS LOOKING REALLY GOOD.

THE SIGNATURE CONSTRUCTION CONTINUES AS WELL.

THAT PROJECT IS MOVING FORWARD QUICKLY.

I REMIND YOU ALL THAT IF YOU NEED A PLACE TO PARK, THE PARKING GARAGE IS A WONDERFUL PLACE FOR THAT.

ANTHEM CROSSING IS MOVING FORWARD AS WELL.

WE HAD A CHANCE TO TOUR THE PUBLIC TRAIN CENTER RECENTLY.

IT IS TRULY WORLD CLASS PROSCENIUM TWO, I DROVE BY THERE TODAY AND THEY HAVE -- THEY'VE STARTED GETTING WOOD DELIVERED ON TOP OF THAT STEEL STRUCTURE FOR STARTING TO FRAME OUT THE SECOND FLOOR. I EXPECT THAT TO HAPPEN SOON HERE. SOUTH RANGE LINE IS STARTED SITE WORK, SO WE SHOULD EXPECT THAT TO MOVE FORWARD RATHER QUICKLY.

LOOKING FORWARD TO 1933 LOUNGE TO BE A DESTINATION RESTAURANT ANCHORING THAT SPACE. JUST SOUTH OF THE SIGNATURE, LOTS OF DIRT MOVING. THEY'RE GOING FOR SOME OF THEIR PERMITS NOW. THIS WILL BE THE E.R.S -- IT'S NOT A DIFFERENT NAME NOW. ICON ON MAIN.

I'LL CHANGE THAT TITLE, IS THE NAME OF THAT PROJECT NOW.

[00:10:06]

HOPEFULLY WE'LL SEE A CLOSING THIS YEAR ON THAT AND CONSTRUCTION START. AT&TAR SITE REDEVELOPMENT HAS ALSO RECEIVED ARCHITECTURAL REVIEW APPROVAL AND IS MAKING ITS WAY THROUGH ADLS NOW AND THAT'S GOING TO BE A BEAUTIFUL OFFICE BUILDING WITH PLENTY OF JOBS.

IT'S A GOOD LOOKING MULTIFAMILY PROJECT.

IT WILL BE A NICE EXPANSION TO OUR MIDTOWN AREA.

THE TOWNSHIP PROJECT, OUR TEAM WORK WITH THE TOWNSHIP CONTINUES. WE ARE CONTRIBUTING 1.5 MILLION TOWARDS THE HISTORICAL SOCIETY. WE ARE -- SOME OF THAT MUST BE IS GOING TO THE FACADE OF THIS BUILDING.

IF YOU'VE BEEN BY THE SITE IT IS NOW FENCED SO THEY'LL START CONSTRUCTION SHORTLY. I BELIEVE THEY HAVE RECEIVED ALL THEIR PERSONALITIES FROM PLANNING AND ZONING AND CRC IS ALSO LEADING THE WAY ON INTERIOR EXHIBIT DESIGN AS WELL.

FINALLY, THE FIRE DEPARTMENT HEADQUARTERS IS NOW STANDING.

THE CRC PUT A MILLION DOLLARS INTO THAT PROJECT.

SOME ADDITIONAL THINGS TO NOTE, AUGUST 31.

THERE'S ANY PRESS IN THE ROOM PLEASE NOTE FOR YOUR LOVELY READERS THAT ON AUGUST 31 IS THE LAUNCH OF THE PA LAID SCOPE AT CARTER GREEN. IT IS A ONE OF A KIND VIEWING -- OR ARCHITECTURAL CINEMAING THE IF I EVENT.

NOT A ONE TIME EVENT BECAUSE IT WILL HAPPEN EVERY NIGHT THEREAFTER. NOT TO DIMINISH THE LAUNCH ON AUGUST 31, SOME OF THE ACTORS FEATURED IN THE SHOW ARE GOING TO BE THERE ON AUGUST 31 PERFORMING FOR THE CROWDS.

THERE SHOULD BE FOOD AND DRINKS THERE AS WELL.

I BELIEVE SUN KING HAS A SPECIAL BEER CAN JUST FOR THIS.

COLLECTOR'S ITEM. BUY TWO BUT DRIVE SAFELY AND RESPONSIBLY ALSO, I GUESS. IT WILL BE REALLY COOL, AUGUST 31 IS WHEN IT LAUNCHES. WE HOPE TO SEE EVERYBODY THERE.

AND FINALLY SOME OF OUR CRC FUNDED ROUND-ABOUTS THAT HAVE BEEN INSTALLED. I'LL SHARE A COUPLE.

OBVIOUSLY ON 96TH STREET, THE AUBURN CORE, AND IS IT STUDEBAKER ONE AND OUTSIDE OF ZOTEC THEIR ROUND ABOUT HAS BEEN INSTALLED IF YOU'VE HAD A CHANCE TOSS IT.

IS THAT WAS A PARTNERSHIP BETWEEN THE REDEVELOPMENT COMMISSION AND ZOTE O'CLOCKC AND IT LOOKS REALLY COOL.

AND WITH THAT THAT CONCLUDES MY REPORT AND I'M HAPPY TO ANSWER ANY QUESTIONS THE COMMISSIONERS MAY HAVE.

>> MR. DIRECTOR YOU MIGHT TALK ABOUT THE VISITING AUTOMOBILES

ON THE 30TH OF AUGUST. >> YEAH, THERE'S A BUNCH OF AUBURNS I BELIEVE THAT ARE DRIVING AROUND ON THE THIRTY-FIRST AND I BELIEVE SOME OTHER DEPARTMENT THAT'S NOT MINE IS IN CHARGE OF ORGANIZING THAT. BUT I WON'T BE THERE.

IVELY BE CELEBRATING MY DAUGHTER'S BIRTHDAY AND MAKE MY

WAY TO THE SHOW. >> YOU HAVE TO BRING HER OVER TO SEE THE CARS. I THINK THEY'RE GOING TO BE

PARKED IN FRONT OF THE HOTEL. >> THAT'S RIGHT.

IT'S JUST ANOTHER EXTENSION OF ALL THE GREAT COMMUNITY EVENTS THAT OUR HOTEL, THE HOLD CARMICHAEL ALWAYS SEEMS TO BE IN THE CENTER OF, WHICH IS OUR INTENT.

>> VERY GOOD. QUESTIONS ON THE DIRECTOR'S REPORT? YES, COMMISSIONER.

>> HENRY I NOTICED ON SOME OF THE SLIDES ON THE DIFFERENT BUILDINGS, WHEN YOU TALK ABOUT TAXES TO THE SCHOOLS, SOME REFERENCE THE OPERATING REFERENDA AND TO SAY TOTAL TAXES. THAT ALWAYS THE OPERATING REFERENDA ON EVERY SLIDE? CAN I ASSUME THAT.

>> YES, WHEN WE ARE TALKING ABOUT THE REFERENDA TAXES THAT INCLUDES THE TWO REFERENDUMS THAT HAVE BEEN PASSED HERE, I BELIEVE ONE OF WHICH IS UP FOR RENEWAL RIGHT NOW.

BUT THAT INCLUDES THE TOTAL ADDITIONAL TAXES OFF THE TWO REFERENDA FLOWING TO THE SCHOOLS BECAUSE THE ASSESSED VALUE OF THESE PROJECTS HAS -- OF THIS LAND ON WHICH THESE PROJECTS SITS HAVE BEEN ENHANCED BY THE CRC PROJECTS.

BUT SOME OF THE SLIDES DIDN'T SAY REFERENDA, I WANTED TO

[00:15:01]

CLARIFY THAT THEY ARE IN FACT -- >> I AM WORKING TO SLOWLY TRANSITION THIS POWER APPOINTMENT TO MATCH THAT FULLY AND SO NEXT TIME YOU WILL SEE IT BE MORE UNIFORM.

>> BUT THAT'S WHAT IT IS, THE REF REFERENDA IN ALL CASES?

>> THANK YOU. >> OTHER QUESTIONS FOR THE DIRECTOR? SEEING NONE, WE WILL THEN MOVE

[6. COMMITTEE REPORTS]

>> MR. PRESIDENT, THE ARCHITECTURAL REVIEW COMMITTEE

DID NOT MEET. >> THANK YOU VERY MUCH.

WITH THAT WE WILL MOVE ON TO OLD BUSINESS.

IS THERE ANY OLD BUSINESS THIS EVENING TO COME BEFORE US.

[8a. Action Item #1 – Resolution 2023-25 re: Declaratory Resolution for Amended 126th Street and Proscenium II allocation areas]

>> THEN WE WILL MOVE ON TO NEW BUSINESS AND WE'LL BEGIN WITH OUR FIRST ACTION ITEM, WHICH IS RESOLUTION 2023 HIGH TEMPERATURE 25 WHICH IS THE DECLARATORY RESOLUTION FOR THE AMENDED 126TH STREET AND PROSCENIUM TWO ALLOCATION AREAS.

MR. LEE. >> .

>> SEE IF WE CAN GET THIS TOE TO WORK REAL QUICK.

SO THIS RESOLUTION HAS TWO DIFFERENT PARTS TO IT.

THE FIRST PART IS THE NEED TO RESET THE BASE YEAR FOR THE PROSCENIUM TWO ALLOCATION AREA. THIS AREA WAS ORIGINALLY CREATED IN 2021. WHILE THE OLD WALGREENS BUILDING WAS STILL STANDING. SINCE THEN IT'S BEEN DEMOLISHED.

IT WAS DEMOLISHED LAST YEAR WHICH REDUCED THE AV FOR THIS AREA FOR DON'T GO AWAY. SO IT IS IN THE BEST INTERESTS FOR THIS PROJECT TO RESET THE BASE AV WITH THE 2023 VALUES TO MAXIMIZE THE TIFF FOR THIS PROJECT.

SO THAT'S THE FIRST PART OF THIS RESOLUTION.

THE SECOND PART IS THE REMOVAL OF -- LET'S SEE IF I CAN GET THIS -- REMOVAL OF FOUR PARCELS FROM THE 126TH STREET ALLOCATION AREA. THESE PARCELS ARE JUST LOCATED JUST WEST OF THE PROSCENIUM WHERE THE WATER DETENSE AND JAPANESE GARDEN EXPANSION IS HAPPENING.

THE REASONS ARE TO REMOVE THESE PARCEL NOW IS THAT THEY'RE CITY OWNED. BEFORE THEY WERE CITY OWNED AND THEY HAD A BASE ASSESSED VALUE WITH THEM SO SINCE THEY HAVE NOW GONE TO THE CITY IT'S NOW A ZERO AV, SO WE'RE LOSING THAT BASE, WHICH IS NOW GOING TO ALL THE OTHER PARTS OF THE ALLOCATION AREA SO WE'RE LOSING INCREMENTS BECAUSE THAT LOSS BEING DISTRIBUTED TO ALL THE OTHER ONES SO NOW WE'RE TRYING TO VACATE THESE OUT OF THE ENTIRE AREA SO WE DON'T HAVE THAT NEGATIVE INCREMENT. IF YOU HAVE ANY QWEST ON THE REST OF THE RESOLUTION I'M HAPPY THE ANSWER THEM.

>> ANY QWEST FOR MR. LEE REGARDING THIS RESOLUTION? I WOULD REMIND EVERYONE IS THAT THE PROCESS THAT WE FOLLOW IS THE FIRST STEP IS TO DO A DECLARATORY RESOLUTION, IN THIS CASE WE'RE AMENDING THE ORIGINALAL THAT WAS THERE BUT THE FIRST STEP DECLARATORY RESOLUTION, THAT THAT IT GOES TO THE PLANNING COMMISSION, AFTER THAT IT GOES TO THE CITY COUNCIL AND IT COMES BACK HERE FOR A PUBLIC HEARING, AND THEN THERE WOULD BE FINAL ACTION OF THE CONFIRMATORY RESOLUTION.

SO JUST TO GIVE EVERYONE A FILE FOR WHERE WE ARE IN THE PROCESS.

SO ANY QUESTIONS OF MR. LEE AT THIS POINT?

SEEING NONE -- >> MR. PRESIDENT, I'LL TELL YOU WHAT, LET'S DO THIS. LET'S IN THE SPIRIT OF FULL TRANSPARENCY, OKAY, SO THE WALGREENS STORE IS THE FIRST

PARCEL. >> YES.

>> AND WE'RE GETTING -- THAT'S NOT THE RIGHT WORD, BUT GETTING RID OF THAT. WHAT ARE THE DOLLAR VALUE?

>> I BELIEVE THAT WAS A LITTLE OVER MILLION DOLLAR OF ASSESSED VALUE. LIKE ONE TO 1.5.

>> GREAT AND THEN CAN YOU DO THE SAME THING FOR THE OTHER FOUR?

>> IS THAT ONE WAS CLOSE TO AROUND 1 MILLION EVEN.

>> GOT IT. THANK YOU.

>> SO IF YOU -- IF I COULD, MR. -- IF I COULD COMMISSIONER, THIS ONE SPECIFICALLY, THE POND ONE WAS A BIG HIT TO US, BECAUSE THERE WERE FULLY OPERATING BUSINESSES ON IT THAT HAD BEEN IN OUR ALLOCATION AREA FOR A LONG TIME, AND WHEN THE CITY BOUGHT IT AND IT TURNED INTO A POND OUR TIFF TOOK A BIG HIT SO BY CUTTING THIS OUT WE GET TO CUT IT OUT OF THE BASE AND WE GET TO ESSENTIALLY GAIN BACK ALL THE VALUE THAT THE OTHER PARCELS HAD TO DROP BY TO MAYBE UP THIS HIT THAT HAPPENED ORIGINALLY WHEN THE CITY BOUGHT THESE PARCELS.

>> RIGHT AND WE SHOULD BE CLEAR, THE PURPOSE OF THAT POND IS

[00:20:01]

WATER RETENTION. >> THAT'S CORRECT.

>> SO I'M GOOD WITH THAT. YES.

I WOULD MAKE A MOTION IF THE PRESIDENT WOULD ALLOW ME TO DO

SEW. >> PLEASE.

>> TO APPROVE DECLARATORY RESOLUTION 2023-25.

>> THANK YOU COMMISSIONER, IS THERE A SECOND?

>> I'LL SECOND. >> ALL THOSE IN FAVOR PLEASE SAY AYE. IT IS APPROVED.

[8b. Action Item #2 – Resolution 2023-26 re: Franciscan North Declaratory Resolution]

WITH THAT WE'LL MOVE ON TO OUR NEXT ACTION ITEM WHICH IS THE DECLARE TORREZ LUCIAN DECLARATORY RESOLUTION FOR THE FRANCIS CAN NORTH, THIS IS THE FIRTH STEP IN SETTING UP THE BASE FOR THE FRANCIS CAN NORTH ALLOCATION AREA AND ONCE

AGAIN MR. LEE. >> WE CREATED THIS AREA BUT WE CREATED IT LAST YEAR WITH THE ANTICIPATION THAT THE LAND VALUE WAS GOING TO JUMP DRAMATICALLY BECAUSE IT WAS ONLY 115,000 AN ACRE SO ONCE THE BUILDINGS WERE GOING TO BE DEMOLISHED WE THOUGHT THE LAND VALUE WAS GOING TO JUMP.

AND THAT DID GNAT HAPPEN. THE ONLY THING THAT HAPPENED WAS IT DECREASED BY THE AMOUNT OF THE BUILDINGS THAT WERE ON THERE SO IT GAVE US NEGATIVE INCREMENT JUST LIKE WITH PROSCENIUM TWO, SO WHAT WE'RE PROPOSING IS TO RESET THE BASE AV TO 2023 AND THIS GOES THROUGH THE SAME PROCESS THAT YOU OUTLINED

EARLIER. >> THANK YOU MR. LEE.

QUESTION OF MR. LEE REGARDING THIS PROJECT? I RECALL THIS, I BELIEVE IS WHERE THE HOUSES USES TO BE THAT HAVE BEEN DEMOLISHED NOW AND THIS IS INTENDED FORWARD A

FUTURE MEDICAL OFFICE. >> YES, PART OF IT, YES.

>> QUESTIONS? ANY OTHER QUESTIONS? IF IT'S YOUR PLEASURE GENTLEMEN THE CHAIR WOULD ENTERTAIN A

MOTION OF APPROVAL. >>ISM MUFFETTEE APPROVE RESOLUTION 2023-26, THE AMENDMENT TO THE DECLARATORY RESOLUTION AND DEVELOPMENT PLAN FOR IF NORTH I'LL NOW STREET ECONOMIC DEVELOPMENT AREA OR FRANCIS CAN NORTH.

THANK YOU COMMISSIONERS. IS THERE A SECOND AND IT'S BEEN SECONDED. VERY GOOD.

ALL IN FAVOR OF THE RESOLUTION PLEASE SAY AYE.

ANY OPPOSED? IT IS APPROVED THANK YOU VERY MUCH AND ONCE AGAIN IT WILL BE GOING THROUGH THE STEPS OF GOING TO THE PLANNING COMMISSION, CITY COUNCIL, BACK HERE FOR A PUBLIC HEARING AND THEN A FINAL CONFIRMATORY RESOLUTION.

[8c. Action Item #3 – Resolution 2023-27 re: 3 rd Avenue ATT TIF Pledge]

>> THANK YOU. WE ARE PRETTY MUCH AT THE FINISH LINE NOW WITH THE PROJECT FOR THIS PRODUCT, SO NOW WE'RE COMING FORWARD WITH BRINGING FORTH THESE TWO RESOLUTIONS IN FRONT OF YOU. THE FIRST RESPONDERS ONE SATELLITE TIFF PLEDGE AND THIS WILL PLEDGE 95 PERCENT OF THE TIFF FROM THIS AREA FROM THE PROJECT TO THE BONDS THAT WILL AID IN THE DEVELOPMENT. AND THAT'S PRETTY MUCH ALL THAT THIS ONE COVERS. SO IF YOU HAVE ANY QUESTIONS

PLEASE LET ME KNOW. >> QUESTIONS FOR MR. LEE.

>> MR. PRESIDENT JUST WANT THE CONFIRM THAT NOTHING HAS CHAINED ON THE SPLIT FROM WHEN THIS WAS PRESENTED, ALL THE WAY THROUGH

THE PROCESS YOU'VE MAINTAINED 9. >> CORRECT.

>> ANY OTHER CHANGES? NO?

ALL RIGHT. >> AND NOT TO SAY THIS IS A

CHANGE BUT ANYTHING ELSE THAT -- >> THE DIRECTOR WILL COVER

ANYTHING ELSE ON THE NEXT -- >> GOT IT.

THANK YOU. SO I WOULD MAKE A MOTION, YEAH.

WE ARE APPROVING THE TIFF SPLIT, SO I WOULD MAKE A MOTION THAT WE

APPROVE RESOLUTION 2023-27. >> THANK YOU COMMISSIONER.

IS THERE A SECOND? >> SECOND.

>> IT'S BEEN MOVED AND SINGLEDDED.

ALL IN FAVOR POLICE DEPARTMENTS PLEASE SAY AYE.

[8d. Action Item #4 – Resolution 2023-28 re: 3 rd Avenue ATT project terms]

THANK YOU VERY MUCH COMMISSIONERS.

WE WILL MOVE ON TO OUR FOURTH ACTION ITEM WHICH IS THE RESOLUTION 2023-28, WHICH IS APPROVAL OF THE TERMS OF THE THIRD AVENUE AT&T PROJECT. MR. DIRECTOR.

>> OKAY, SO AS OUR FINANCE MANAGER MR. LEE JUST STATED, WE

[00:25:02]

AND IT'S NOW TIME TO APPROVE THE PROJECT AGREEMENT FOR THIS PROJECT. I DID WANT TO NOTE THAT WHEN THE CITY COUNCIL SAW THIS PROJECT, THERE WAS A SECONDARY FAMILY OFFICE COMPONENT HERE IN THIS AREA.

THAT REQUIRED THE BZA TO ESSENTIALLY SPLIT THESE RESIDENTIAL PARCELS IN HALF SO THAT THERE'S ROOM FOR FAMILY OFFICE COMPONENT HERE. THE BCA DID NOT DO THAT SO FOR NOW, THE PROJECT AGREEMENT CONTEMPLATES THAT CAN HAPPEN IN FUTURE BUT AS FAR AS WHAT'S MOVING FORWARD ON PERMITS, ON CONSTRUCTION PERMITS, IT'S THE MULTIFAMILY AND THE OFFICE BUILDING, AND SO WE ESSENTIALLY SPLIT OFF THE NORTHERN PHASE OF THIS AS A POTENTIAL FUTURE PHASE BUT WE DIDN'T WANT THE MUCH SMALLER COMPONENT TO GET IN THE DEVELOPMENT DEAL THAT WE HAD IN FRONT OF UNDER THE CIRCUMSTANCES ESSENTIAL US.

THAT IS ESSENTIALLY THE ONLY CHANGE FROM WHEN THIS FIRST WENT THE COUNCIL ABOUT A YEAR AGO, BUT OTHERWISE OUR PROJECT AGREEMENT MEMORIALIZES THE DEAL THAT WAS PRESENTED THAT HAS 95/5 TIFF SPLIT AND VARIOUS OBLIGATIONINGS TO AND FROM BETWEEN THE DEVELOP CUSTOMER THE DEVELOPER TEAM AND THE REDEVELOP

COMMISSION. >> VERY GOOD, THANK YOU MR. DIRECTOR. QUESTIONS FOR THE DIRECTOR.

>> SO THERE WERE SOME ITEMS THAT WERE DISCUSSED IN THE ARCHITECTURAL DESIGN COMMITTEE, WERE ALL THOSE AGREED UPON AS

THE COMMITTEE ASKED? >> YEAH, YOU BE I BELIEVE THAT'S A FAIR STATEMENT. THE ARCHITECTURAL REVIEW COMMITTEE PUT FORWARD IT APPROVAL, ESSENTIALLY WHICH IT NOW BECOMES PART OF THE RECORD AS THE PROJECT MAKES IT WAY THROUGH ARRANGESDLS. BUT I BELIEVE IT MAID ALL THE CHANGES INCLUDING ENHANCEMENTS TO THE PEDESTRIAN BRIDGE --

>> THAT'S THE ONE I WAS GOING TO ASK YOU ABOUT.

>> YES, ALL THAT HAS BEEN DONE, AS YOU BE SEE DOWN HERE, EXTENDED SOME OF THE BRICK AROUND THIS ENTIRE FACE, BOTTOM OF THE GLASS FACADE, THERE WERE SOME MISSING PIECES THERE SO THEY HAVE MOVED ALL THAT THROUGH, AND OBVIOUSLY ANOTHER PROJECT AGREEMENT UNTIL THEY DO EVERYTHING THAT WE NEED THEM TO DO WE DON'T HAVE TO FUND THE TIFF.

>> VERY GOOD. I JUST WANTED TO CONFIRM THAT.

THANK YOU. >> QUESTIONS, COMMISSIONER?

>> THANK YOU, COMMISSIONERS. IS THERE NO FURTHER QUESTIONS? CHAIR WOULD ENTERTAIN A MOTION OF APPROVL.

>> MOTION TO APPROVAL RESOLUTION 2023-28, THE APPROVAL FOR THE TERMS FOR THE THIRD AVENUE AT&T PROJECT.

>> THANK YOU COMMISSIONER, IT HAS BEEN MOVED AND SECONDED.

ALL IN FAVOR PLEASE SAY AYE. ANY OPPOSE?

[8e. Action Item #5 – Resolution 2023-29 re: Property acquisition ]

WE WILL NOW MOVE ON TO ACTION ITEM NUMBER FIVE WHICH HAS RESOLUTION 2023-29, WHICH IS APPROVAL OF THE ACQUISITION OF PROPERTIES LOCATE AT 444 506 AND 508 SOUTH RAIN LINE ROAD.

MR. DIRECTOR. >> SO ABOUT A THOUSAND YEARS AGO , A GROUP OF DEVELOPERS BROUGHT THE BLOCK, THE MIDTOWN PUD THROUGH PLANNING COMMISSION AND THROUGH CITY COUNCIL AND THAT INCLUDED OUR EAST SIDE OF THE MO THE NON-IN MIDTOWN WHERE SOME OF THE PROJECTS HAD -- WERE FURTHER ALONG, WHERE LAND WAS AGGREGATED AND SOME FUTURE DEVELOPMENT, SUBJECT PUD WHERE NOT ALL THE LAND HAD BEENING A AGGREGATED SO THE ALLIED GARAGE, THE MIDTOWN SOUTH GARAGE AND THE JC HART MIDTOWN FLATS PROJECTS THAT WERE BUILT UNDER THIS PU D, BUT BETWEEN RANGE LINE AND

[00:30:01]

AT THIS POINT WE KNOW THAT THE DEVELOPER IS THAT BROUGHT THIS PROJECT FORWARD INITIALLY TO CITY COUNCIL AND THROUGH THE PLANNING COMMISSION HAS NOW AGGREGATED ALL OF THE LAND EXCEPT FOR THREE REMAINING PARCELS.

THESE ARE THE PARCELS THAT ARE NOW BEFORE YOU FOR A PURCHASE.

THIS WOULD BE A PURCHASE AGREEMENT FOR THE CRC TO PURCHASE THESE THREE PARCELS OF LAND FOR $2.9 MILLION, WE HAVE TWO APPRAISALS THAT AVERAGE A GREATER AMOUNT THAN THAT, SO THIS IS ACTUALLY LESS THAN AVERAGE TWO APPRAISALS, CAN THE PURCHASE THOUGH WOULD BE SUBJECT TO A PURCHASE OPTION FOR THE DEVELOPER TO PURCHASE THIS LAND AS WELL.

SO ESSENTIALLY THE WAY YOU SIGH THIS WORKING IS ONCE THERE IS A PROJECT THAT THE CITY CAN NEGOTIATE AND TAKE TO COUNCIL FOR APPROVAL SO THAT THE COUNCIL CERTAINLY BLESSES WHAT ULTIMATELY GOES -- IT WOULD BE BOTH THE COUNCIL FROM A TIFF STANDPOINT, OBVIOUSLY AND THE PLANNING COMMISSION FROM A CONCURRENTS WITH WHAT'S IN THE PUD, ONCE THAT PROJECT IS BLESSED THAT WILL ALLOW THE DEVELOPER TO THEN EXERCISE THEIR OPTION AND MOVE FORWARD ON THIS. FRANKLY THE REASON IT HASN'T MOVED FORWARD IS BECAUSE ALL THE LAND HAD NOT BEEN WITH THE SAME OWNER AND AT DIFFERENT TIMES THIS LAND WOULD POP UP ON THE MARKET, PEOPLE WOULD ASK US QUESTIONS, IT WOULD MAKE NO SENSE TO BUILD A PROJECT IN A JIGSAW AREA OF WHAT IS OTHERWISE A PART OF A LARGER PUD THAT REALLY NEEDS A MORE THOUGHTFUL PURPOSEFUL PROPOSAL AND FRANKLY NOTHING HAS HAPPENED ON THESE PARCELS SINCE THEN BECAUSE THERE'S NOT ONE OWNER.

SO THIS ALLOWS A PROJECT TO BE THOUGHTFULLY PUT TOGETHER AND BROUGHT TO CITY COUNCIL FOR APPROVAL AND THE CRC IS ESSENTIALLY SERVING A LAND BANKING ROLE AS FRANKLY WE HAVE ON MANY, MANY OTHER PROJECTS. I'M SURE YOU ALL REMEMBER CRC AGGREGATED THE LAND FOR FIRST ON MAIN, CRC HAD THE LAND FOR IF THE PROSCENIUM, THE CITY INITIALLY HAD THE LAND FOR CITY CENTER, WE HELPING A GRATE THE LAND FOR FOREST SQUARE, REALLY EVERY LARGE PROJECT THAT WE CAN REMEMBER THAT WAS A REDEVELOPMENT PROJECT STARTED WITH THE REDEVELOPMENT COMMISSION BEING PART OF THE LAND AGGREGATION EFFORTS TO SOME EXTENT. SO THIS FRANKLY IS JUST A CONTINUEUATION OF THAT. THERE IS NOT A SPECIFIC PROPOSAL NOW BUT THE ANY PROPOSAL WOULD BE FULLY VETTED THROUGH CITY COUNCIL, THROUGH THE CRC, THROUGH THE PLANNING COMMISSION BECAUSE IT'S ULTIMATELY IN THE PUD.

AND I WILL NOTE THE FUNDS FOR THIS PURCHASE COME FROM THE 2021 TIFF BOND THAT REQUIRE THAT IF THE COMMISSION INVENTORIES TO APPROVE IS THAT IT BE PUT ON THE NEXT AGENDA ITEM FOR CITY COUNCIL FOR APPROVAL AS WELL. SO WE HOPE TO GO THROUGH THOSE STAGES AFTER A HOPEFULLY A FAVORABLE VOTE AT THIS LEVEL.

I'M HAPPY TO ANSWER -- OH, ONE OF THE OTHER THINGS THAT WE'RE GETTING ON THIS PARCEL IS A FULL INDEMNITY ON ANY ENVIRONMENTAL

MATTERS. >> THANK YOU MR. DIRECTOR.

QUESTIONS FOR THE DIRECTOR AT THIS POINT?

>> YEAH, EXCELLENT EXPLANATION. AGGREGATING LAND THROUGH THE CRC HAS BEEN ONE OF OUR CORE PRINCIPLES FROM DAY ONE,, WHEN I JOINED THE CRC, SO EXCELLENT. THE -- I DID JUST TO BE SAFE I WANT MY FELLOW COMMISSIONERS TO KNOW THAT I DID NOTIFY NOTIFY THE COUNSEL OF THIS BECAUSE ON SURFACE IT COULD SEEM LIKE WHY ARE WE DOING THIS AT THIS STAGE OF THE GAME.

YOU KNOW, A LOT OF THESE THINGS ARE JUST SUPPOSED TO HAPPEN NATURALLY AND THAT IS NOT ALWAYS THE CASE, SO I DID NOT HEAR AND I -- EARLIER IN THE WEEK I DID NOT HEAR FROM ANYONE THAT HAD ANY PROBLEM SO THAT GIVES US COMFORT IN SUPPORTING THIS AND THE FACT THAT IT'S A 2.9 BUY AND 2.9 SELL PLUS EXPENSES GIVES EVERYONE A ADDITIONAL COMFORT, SO THIS IS WHAT WE DO.

SO I'M FULLY IN FAVOR OF THIS, BUT I'LL GO AHEAD AND MAKE A

MOTION IF YOU'RE GOOD WITH THAT. >> THANK YOU.

>> UNLESS ANYONE ELSE HAS ANY QUESTIONS.

[00:35:03]

>> I WAS GOING TO SAY IF ANYONE ELSE HAS QUESTIONS WE'LL ANSWER QUESTIONS, IF NOT IF THERE'S A SECOND.

>> OKAY, I MOVE THAT WE APPROVE RESOLUTION 2023-29.

>> YES, 60. >> AND IT'S BEEN MOVED AND SECONDED. THANK YOU VERY MUCH, COMMISSIONERS. ALL IN FAVOR SAY AYEMENT ANY OPPOSED? VERY GOOD.

[8f. Action Item #6 – Palladium Lighting Phase 2 contract awards]

>> THANK YOU MR. PRESIDENT. THIS IS GOING TO BE A REPORT OF THE LOW BIDS THAT WERE READ. JUST A FEW MOMENTS AGO, AND WE WILL BE RECOMMENDING AWARDING CONTRACTS FOR THE FOUR BID PACKAGES TOE THE LOWEST AND MOST RESPONSIVE BIDDER FOR EACH BID PACKAGE SEPARATELY AND WE'RE ASKING FOR YOU TO DELEGATE THE FINALLY SAYINGS OF THE CONTRACTS TO THE EXECUTIVE DIRECTOR.

THE FIRST RESPONDERS BID PACKAGE A WILL GO TO INDIANAPOLIS STAGE FOR $199,560. BID PACKAGE B WILL ALSO GO TO END INDIANAPOLIS STAGE FOR $332,060.

BID PACKAGE C WILL GO TO MID AMERICA SOUND FOR $35,189.65 AND BID PACKAGE D WILL GO TO INDIANAPOLIS STAGE FOR $10,505.

THE TOTAL OF ALL FOUR BID PACKAGES COMBINED IS $577,313.65. BY BREAKING THIS UP INTO SEPARATE BID PACKAGES WE SAVED ABOUT SIX OR $7,000 OVER TAKING JUST THE LOW BID ACROSS THE BOARD, SO WE'RE ASKING FOR YOUR APPROVAL TO AWARD THESE FOUR CONTRACTS.

>> THANK YOU MS. FAIR MAN, ANY QUESTIONS?

>> CONFIRMED FUNDS ARE IN THE BUDGET, HAVE BEEN ACCOUNTED FOR, WE'RE SAVING -- DID I HEAR YOU SAY 6,000?

>> YES THIS IS COMING OUT OF THE 2021 TIFF BOND AND THIS IS PART OF A PACKAGE OF ITEMS THAT WERE APPROVED FOR THE CRC TO ASSIST THE PALLADIUM WITH EARLIER THIS AREA.

>> VERY GOOD, ANY OTHER QUESTIONS? IF NOT THE CHAIR WOULD ENTERTAIN MOTION OF APPROVAL IF THAT'S

YOUR PLEASURE, MEMBERS. >> YES, I WOULD LIKE TO MAKE A MOTION TO AWARD THE CONTRACT FOR IS IT PLAYED IT'S PALLADIUM LIGHTING PHASE TWO PROJECT, THE LOWEST AND MOST RESPONSIBILITY I EVER BIDDERS PAYABLE FROM THE 2021 TIFF BOND TO DELEGATE THE EXECUTIVE DIRECTOR TO FINALIZE AND EXECUTE THE CONTRACT.

>> ALL APPROVE SAY AYE. ANY OPPOSE? IT IS APPROVEDDED. THANK YOU VERY MUCH MS. FAIR MAN, AND NOW WE HAVE BEFORE US ACTION ITEM NUMBER SEVEN, WHICH IS AN INCREASE -- INCREASES THE GRANT IN RESOLUTION 2022-26.

MR. DIRECTOR. >> LAST YEAR THIS BODY MADE A GRANT OF 50,000-DOLLARS TO THE CAR MERYL INDIANA TOWN DEVELOPMENT CORPORATION TO HELP AND INCENTIVIZE A HOTEL PROJECT THAT WAS BEING BUILT AT THIRD AND PENNSYLVANIA.

WE HAD BEEN NEGOTIATING WITH THEM ABOUT THE PROJECT AGREEMENT AND THE LEVEL OF CONTRIBUTION HAS BEEN INCREASED FROM 50,000 TO 60,000, SO WE'RE NOW GOING BACK SEEKING YOUR APPROVAL TO INCREASE THE GRANT FROM THE CRC TO THE MIDTOWN CDC BY THAT SAME AMOUNT, TIP THOUSAND DOLLARS AND THEY HAVE ALREADY MET AND APPROVED THE INCREASE IN PROJECT AGREEMENT ASSUME THING BODY APPROVES THE SAME. QUESTIONS OF THE DIRECTOR

DIRECTOR REGARDING THIS PROJECT? >> COMMISSIONER?

>> WELL, IF IT IS YOUR PLEASURE JURY ROOM THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL FOR THE INCREASE.

>> MOTION TO INCREASE THE GRANT AMOUNT AND RESOLUTION 2022-26 FROM 50,000 TO 60,000-DOLLAR PAYABLE FROM THE 902 FUND.

>> THANK YOU. >> IT'S BEEN MOVED AND SECONDED.

ALL IN FAVOR PLEASE SAY AYE. ANY OPPOSEED IN? IS THERE ANY OTHER BIDS TO COME BEFORE US THIS EVENING

MR. DIRECTOR. >> THERE IS NOT BUT WE WILL SEE YOU ALL ON THE THIRTY-FIRST AT 8:00 P.M.

>> THAT'S RIGHT AND IF YOU WANT TO SEE THE CARS TON 30TH THEY

WILL BE HERE. >> THAT TOO.

[00:40:03]

>> VERY GOOD. SO SO WITHOUTO OBJECTION I'M GOING TO DECLARE OUR MEETING TO BE COMPLETED AND WITH THE

[10. EXECUTION OF DOCUMENTS]

THE DOOR. >> OUR NEXT MEETING IS THE 20TH?

>> LET ME VERIFY THAT. YES SEPTEMBER 20.

IT WILL BE AT 6:30 HERE IN THE COUNCIL CHAMBERS, I BELIEVE.

AND MR. LEE DOES HAVE OUR DOCUMENTS, SO WITH THAT I WILL

DECLARE US IN RECESS. >>

* This transcript was compiled from uncorrected Closed Captioning.