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HomeMy WebLinkAbout03-12-2008JEFFERSONVILLE REDEVELOPMENT COMMISSION MINUTES March 12, 2008 The Jeffersonville Redevelopment Commission held a regular Meeting, Wednesday, March 12, 2008 at 5:30 PM in the Mayor's Conference Room, Second Floor, 500 Quartermaster Court, Jeffersonville, Indiana. The following were present: Robert Stevens, President Jamie Lake, Secretary/Treasurer Ed Zastawny, Board Member Derek Spence, Board Member Charles Reisert, Vice President Staff: Gayle Robinson, Director Mary Sue Ellenbrand, Secretary Joe Weber, Attorney Tom Galligan, Mayor Jim Urban, Planning and Zoning Director CALL TO ORDER: Mr. Stevens called the meeting to order at 5:30 PM APPROVAL OF MINUTES Mr. Stevens asked for any additions or corrections to the minutes of the February 13, 2008 meeting. Mr. Reisert made a motion to approve the minutes of the February 13, 2008. Mr. Lake seconded the motion. The motion passed unanimously. MAYOR UPDATE: Mayor Galligan gave an update on projects that are starting in the city. Plans are proceeding to begin work on Veteran's Parkway. Mayor Galligan reported that the projects that he is implementing are starting to take shape. More information will be shared in the next couple of months. EXPANSION OF THE RIVERFRONT TIF: John Perkins presented a proposal to expand the Falls Landing Project Area. This proposal will add the last two blocks of Riverside Drive up Spring Street to the Masonic Building down Spring St. This will consolidate the Falls Landing Riverfront Redevelopment Area and the Gateway Redevelopment Area and enlarge the Consolidated Area. The reason this needs to be expanded is due to the new Sheraton Hotel, The Big Four Bridge and the Greenway. This proposal will need to be advertised. Mr. Reisert made a motion to advertise the Proposed Expansion of the Falls Landing Riverfront Development Project Area. Mr. Zastawny seconded. Motion passed unanimously. MISSION STATEMENT GOALS AND OBJECTIVES SUBCOMMITTEE: Mr. Robinson stated that the Commissioners need to adopt a Mission Statement and Goals and Objectives. A committee will meet to adopt these statements. CLAIMS REPORT: OPERATING: Mr. Robinson presented the Operating Claims report for March 2008. Claims totaled $42,404.08. Mr. Zastawny made a motion to accept the March Operating Claims. Mr. Lake seconded. Motion carried unanimously. TIF: Mr. Robinson presented TIF Claims for March 2008. Claims totaled $299,932.47. Mr. Zastawny made a motion to approve the March TIF claims. Mr. Spence seconded. Motion passed unanimously. TREASURER REPORT: Mr. Robinson presented the Treasurer's Report. The balance as of March 2008 was $384,826.40. The Treasurer's Report was submitted for audit. STAR LEASE: Mr. Weber reported that apre- trial conference was held. The dates have been set for trial. Mr. Weber stated the problem with the lease is that The Star would like to have a seven year lease without renewals. Mr. Weber would like for the Star to draft the lease and then the Commissioners can agree or disagree with it. In the lease there will be liquidated damages. If The Star breaks the lease they will owe $24,000 which is one year's payment. If the City breaks the lease they will owe The Star $24,000.00. Mr. Reisert made a motion of support to proceed on with the lease as outlined by Mr. Weber. Mr. Lake seconded. Motion passed unanimously. 2 KINGFISH: The Kingfish is ready to close on their buyout option. Mr. Weber will handle this and report back to the board. BARRISTER PROPERTY UPDATE: Bearno's is still interested in renting the Barrister property. There has been a hold up in the process due to The Barrister Group wanting to collect all the money they say the city owes them. They feel they are owed legal expenses and interest. Mr. Robinson will have further information next month. HERITAGE TRAIL UPDATE: The process for selection of a tenant has begun. May 9, 2008 will be the opening date. The city will not front any of the money for this project. HUNDEN STRATEGIC PARTNERS: The Mayor needs an Economic Development Study Proposal to find out the feasibility of building a convention center in Jeffersonville. A proposal from Hunden Strategic Partners was presented to the board. The cost of the study would be $75,000.00. The Tourism Bureau will help fund this study. A motion was made by Mr. Reisert to approve the Economic Development Study Proposal by Hunden Strategic Partners for $75,000.00 with the condition that a specific recommendation is made as a result of the study. Mr. Zastawny seconded. Motion carried unanimously. OTHER: Mr. Reisert would like to have a feasibility study done on Tenth Street. Mr. Reisert feels that Tenth Street is in need of redevelopment and extending the Gateway TIF to the Veteran's Parkway TIF would help start the process. Mr. Urban stated the design will be completed this year and the purchase ofright-of--ways would be next year. Mr. Robinson reported that the $300,000.00 CD for Streetscape will be transferred to the Operating Account. There will not be enough grant money to extend the project to 8`h Street. There would be enough money to extend the project up Court Avenue to Wall Street. Period lighting and sidewalks would cost an additional $13,000. Mr. Lake made a motion to extend the Streetscape Project up Court Avenue to Wall Street and to allocate $13,000.00 for this project. Mr. Reisert seconded. Motion carried unanimously. 3 Mr. Lake would like to commend the new administration on all the new projects that are being started and all the hard work that is being done. ADJOURNMENT: Mr. Stevens asked if there were any additional business. Hearing none, Mr. Lake made a motion to adjourn the meeting. The Meeting was adjourned at 7:55 pm. APPROVED: Robert Stevens, President 4