HomeMy WebLinkAbout05-27-2008JEFFERSONVILLE REDEVELOPMENT COMMISSION
MINUTES
May 27, 2008
The Jeffersonville Redevelopment Commission held a Special Meeting, Tuesday,
May, 27, 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
Ed Zastawny, Board Member
Derek Spence, Board Member
Charles Reisert, Vice President
Absent:
Jaime Lake, Board Member
Staff:
Gayle Robinson, Director
Mary Sue Ellenbrand, Secretary
Guests:
Jorge Lanz
Buddy Downs, Ice Miller
Michael Claytor, Crowe Chizeek
CALL TO ORDER:
Mr. Stevens called the meeting to order at 5:30 PM
Resolution No. 2008-R-02 was presented. This resolution amends the Resolution of the
Jeffersonville Redevelopment Commission entitled "Declaratory Resolution of the
Jeffersonville Redevelopment commission". The Commission now desires to add new
territory to the Original Area and Original Allocation Area which will constitute an
enlargement of the boundaries of the Original Area and Original Allocation Area of less
than 20%. It will also add the construction of certain local public improvements to the
project list.
Mr. Reisert made a motion to approve the Resolution No. 2008-R-02. Mr. Zastawny
seconded. Motion passed unanimously.
Resolution No. 2008-R-03 was presented. This resolution calls for Additional
Appropriation. An appropriation in the amount not to exceed Two Million Seven
Hundred Ninety Thousand Dollars ($2,790,000), plus investment earnings thereon is
hereby made to be applied to the Cost of the Project, and the funds to meet this
appropriation will be provided out of the proceeds of the Bonds. This appropriation is in
addition to all other appropriations provided for in the existing budget and tax levy of the
District for the current year.
Mr. Spence made a motion to approve Resolution No. 2008-R-03. Mr. Zastawny
seconded. Motion passed unanimously.
Resolution No. 2008-R-04 was presented. This resolution is for the Bond Resolution.
The Commission finds and determines that in order to proceed with the planning,
replanning, development and redevelopment of the Area, it is necessary for the
Commission to issue special taxing district bonds of the Jeffersonville Redevelopment
District, in the name of the City, payable from Tax Increment, on a parity with the
Outstanding Bonds, allocated and deposited as provided in this Resolution, in the
aggregate principal amount not to exceed Two Million Seven Hundred Ninety Thousand
Dollars ($2,790,000), and to issue the Notes to provide interim financing for the purpose
of procuring funds to be applied on the cost of economic development including the
construction of certain road improvements in, serving or benefiting the Area including
the repayment of the Notes, funding a debt service reserve, incidental expenses incurred
in connection with the Project as provided in the Act and costs associated with issuance
of the Notes and the Bonds.
Mr. Zastawny made a motion to approved Resolution No. 208-R-04.
RECESS:
Mr. Zastawny made a motion to recess for 10 minutes. Mr. Spence seconded. Motion
passed unanimously.
BID OPENING:
Mr. Lanz presented the bids for the work being done on Veteran's Parkway. Mac
Construction was the low bidder at $1,174,288.40. The bids were taken under
advisement until the funding is in place.
Mr. Zastawny made a motion to take the bids for the Veteran's Parkway project under
advisement until the funding is in place. Mr. Spence seconded. Motion passed.
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ADJOURNMENT:
Mr. Stevens asked if there was any additional business. Hearing none Mr. Zastawny
made a motion to adjourn the meeting. The meeting was adjourned at 6:25 PM.
APPROVED:
Robert Stevens, President
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