HomeMy WebLinkAbout05-01-2006 Special
JEFFERSONVILLE REDEVELOS MENT COMMISSION
MINUT
SPECIAL MEETING
May 1, 2006
ersonville Redevelopment Commission held a Special Meeting, Monday May
The Jeff or's Fourth Floor Conference Room, 501 E. Court Avenue,
1, 2006 at 6:30 PM in the May
Jeffersonville, Indiana. The following were present:
Nathan Samuel, President
Kyle Williams, Vice-President
Tracy Farrell, Secretary/Treasurer
John Perkins, Commissioner
Rob Stevens, Commissioner
Staff:
Barry Cahill, Executive Director of Redevelopment
Kathy Haller, Consultant
Mary Sue Ellenbrand, Assistant to the Director
Les Merkley, City Attorney
Chester Hicks, Director of Planning and Zoning
CITY COUNCIL MEMBERS:
Phil McCauley
Barbara Wilson
Connie Sellers
Kieth Fetz
Ed Zastawny
Ron Grooms
GUESTS:
Wayne Estopinal
Jack Jolly
CALL TO ORDER:
Mr. Samuel called the meeting to order at 6:33 PM.
CITY HALL:
Mr. Wayne Estopinal, of the Estopinal Group, addressed the problem of the dry wall
in the City Building. Mr. Estopinal stated that the building is not complete and when the
lights and ceiling are installed the walls will look different. Mr. Estopinal explained that
Mr. Scales and Mr. Wilson visited the job site and both found the quality of the gypsum
wall board "above average and very acceptable" given the current stage of construction.
A punchlist will be conducted following E.H. Construction's own punchlist and will
identify any drywall repairs that do not meet the requirements of the plans and/or
specifications.
One of the primary concerns which Mr. Perkins has is regarding whether or not the
GWB should be installed in and s ou~side the realm of control by the Owner and the a
means and methods question
Architect.
Mr. Perkins asked if the windows that have been installed were the wrong windows.
Mr. Estopinal stated that after the windows were installed it was noticed that the color of
the windows was wrong and that a $24,000.00 credit was given. Redevelopment should
have been notified.
CLAIMS:
Ms. Farrell made a motion to pay the E. H Construction claim for $149,937.00. Mr.
Williams seconded. Motion carried.
RNER FALLS MOTEL:
The following two proposals were presented for the River Falls Motel:
1. Mr. Brian Marshall, representing the Allen Firm in Louisville, Ky. Offered
$360,000 for the property. Mr. Marshall feels the property is not feasible as a
hotel and proposes 20 condominiums. Each unit will be approximately 640 sq. ft.
with the southside lower level to be divided into two retail units approximately
1,000 sq ft. each. The projected sales price of the units is $79,000/per unit. The
projected rehab/budget (interior) $374,000. The projected rehab/budget (exterior)
$200,000.00. The total investment would be $934,000.00
2. The Gregory Construction Group is a commercial and residential construction
company with their main focus on single and multi-family housing projects. The
company is owned and operated by Dan English, Thomas English and Kevin
Gardner. The building will be completely refurbished inside and out to make two
and three bedroom luxury condos. There will be 16 units with their entrances on
the north side of the building. The condos will be presold with a discount before
construction. Once construction is begun GCG will sell the condos at regular
price. The condos will sell between $107,000 and $125,000 per unit. The GCG
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proposes to offer $225,000 for the property. The GCG asks for 60 days option for
due diligence.
$325,000 of the sale goes to repay EDIT. If there would be a shortfall the money
would have to come from TIF. The City Council would have to approve the TIF
payment.
Due to the City Council not having enough information on the project a meeting will
beheld Monday, May 8, 2006 at 6:00 PM in the Mayor's Conference Room with the City
Council and Redevelopment Commissioners.
ADJOURNMENT:
Mr. Samuel asked if there were any additional business. Hearing none Ms. Farrell
made a motion to adjourn the meeting. The meeting was adjourned at 7:30 PM.
APPROVED:
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