HomeMy WebLinkAbout07-12-2006
JEFFERSONVILLE REDEVELOPMENT COMMISSION
MINUTES
July 12, 2006
The Jeffersonville Redevelopment Commission held a Regular Meeting, Wednesday
July 12, 2006 at 5:30 PM in the Mayor's Fourth Floor Conference Room, 501 E. Court
Avenue, Jeffersonville, Indiana. The following were present:
Nathan Samuel, President
Tracy Farrell, Secretary/Treasurer
John Perkins, Commissioner
Kyle Williams, Vice President
Rob Stevens, Commissioner
Staff:
Barry Cahill, Executive Director of Redevelopment
Beth Keeney, Assistant Director of Redevelopment
Mary Sue Ellenbrand, Assistant to the Director
Les Merkley, City Attorney
Chester Hicks, Director of Planning and Zoning
Guests:
Herschel Frierson, Crowe Chizek
CALL TO ORDER:
Mr. Samuel called the meeting to order at 5:35 PM.
MINUTES:
Mr. Cahill presented minutes for the June 28, 2006 meeting. Mr. Samuel asked if
there were any additions or corrections to the June 28, 2006 minutes. Hearing none Mr.
Perkins made a motion to approve the minutes of the June 28, 2006 meeting. Mr.
Williams seconded. Motion carried.
CLAIMS:
Mr. Cahill presented the following claims:
OPERATING:
Mr. Cahill presented the Operating claims for July 2006. Claims totaled 9,926.06.
Mr. Perkins made a motion to approve the Operating Claims for July 2006.. Mr. Stevens
seconded. Motion carried unanimously.
CITY HALL:
Mr. Cahill presented claims for the City Hall project. Claims totaled $4,903.00 for the
City Hall project. Mr. Perkins made a motion to approve the claims for the City Hall
project. Mr. Stevens seconded. Motion carved unanimously.
TIF:
Mr. Cahill presented a claim for the Falls Landing TIF. Claims totaled $184,931.25
The claim was for Revenue Bonds of 2005, Series A to J P Morgan Chase. Mr. Perkins
made a motion to approve the TIF claim. Mr. Stevens seconded. Motion carried.
GRANT CLAIMS:
Mr. Cahill presented a Grant Claim totaling $81,405.00 for the Carnegie Hall Project..
Mr. Perkins made a motion to approve the Grant Claim. Mr. Stevens seconded. Motion
carried.
TREASURER'S REPORT:
Mr. Cahill presented the Treasurer's Report for May 2006. Assets and Liabilities total
$2,531,873.00. Mr. Cahill will present the Treasurer's Report for Audit.
APPROVAL OF RESOLUTION TO SPEND TIF MONEY FOR TWO FIREHOUSES
AND ONE CITY SERVICE BLDG:
Mr. Herschel Frierson of Crowe Chizek and Company LLC, passed out copies of a
summary of the Estimated Combined TIF Revenues and Debt Service Coverage. This is
for First Mortgage Bonds, Series 2006 for Fire Station #2, Fire Station #4, and City
Services Facilities. This bond is setup for two issuances. Mr. Frierson also passed out
copies of the Jeffersonville TIF Projections 2006 through 2016.
The estimated sources and use of funds would be $10,325,000.00.
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After much discussion Mr. Perkins made a motion to approve Resolution No. 2, First
Mortgage Bonds, Series 2006, Fire Station #2, Fire Station #4, City Services Facilities for
$11,000,000.00. Mr. Williams seconded the motion. Motion passed 3-1 with Ms. Farrell
abstaining.
APPROVAL OF GRANT WRITING CONTRACT WITH RNER HILLS ECONOMIC
DEVELOPMENT DISTRICT AND REGIONAL PLANNING COMMISSION:
Mr. Cahill presented a contract contracting River Hills Economic Development
District and Regional Planning Commission to execute the grant agreement between the
City and the Office of Community and Rural Affairs for the State of Indiana. The grant
is for the Ken Ellis Center.
Ms. Farrell made a motion to approve the contract for River Hills Economic
Development District and Regional Planning Commission. Mr. Stevens seconded.
Motion carried.
RIVER FALLS MOTEL:
Mr. Cahill discussed the Lease Agreement between the Department of Redevelopment
and the Gregory Construction Group for the purchase of the River Falls Motel. After
discussion the Commissioners decided several changes needed to be made in the contract
and that they need more time to study the document. A future meeting will be needed to
make the changes.
The next meeting will be held Monday, July 17, 2006 at 11:30 AM.
CITY HALL UPDATE:
The official moving date will be August 4, 5 and 6th. The furniture contract has not
been approved. E. H. Construction claim will be presented at the August meeting due to
the Redevelopment meeting being moved to the middle of the month.
TENTH AND SPRING STREET UPDATE:
Mr. Cahill reported that Rite Aid Pharmacy offered 1.5 million for the property but
that they wanted six months to secure their financing. The offer was turned down.
Mr. Cahill sent Mr. Lewis a letter concerning extending the offer on his property.
There has been no response.
Mr. Williams advised Mr. Cahill to check with PNC Bank on the foreclosure issue
with this property.
TIF OVERSIGHT:
The City Council will present an Ordinance at the July 17, 2006 Council meeting
regarding authority to approve expenditures and claims from funds derived from Tax
Increment Finance Districts. The Council fees it is in the best interest of the City of
Jeffersonville to have the participation of the Department of Redevelopment in the
approval of expenditures and claims of TIF funds. There were no provisions made if the
two bodies disagree on a claim.
Mr. Samuel will meet with Mr. McCauley and ask the Council to repeal the original
ordinance.
TENTH AND WALNUT STREET CONTRACT:
Mr. Cahill presented the contract for the property at Tenth and Walnut Street that Dr.
Jayesh Sheth will lease for $50.00 a month for two years. If someone wants to buy the
property during the first two years Dr. Sheth will have first refusal. After the two years
Dr. Sheth can buy the property for $10,000.00.
Mr. Williams made a motion to approve the contract for the property at Tenth and
Walnut Street. Mr. Stevens seconded. Motion carried.
ADJOURNMENT:
Mr. Samuel asked if there were any additional business. Hearing none Mr. Williams
made a motion to adjourn the meeting. The meeting was adjourned at 8:00 PM.
APPROVED:
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