HomeMy WebLinkAbout10-08-2008JEFFERSONVILLE REDEVELOPMENT COMMISSION
MINUTES
October 8, 2008
The Jeffersonville Redevelopment Commission held a Regular Meeting on
Wednesday, October 8, 2008 at 5:30 PM in the Second Floor Conference Room, 500
Quartermaster Court, Jeffersonville, Indiana. The following were present:
Robert Stevens, President
Ed Zastawny, Board Member
Derek Spence, Board Member
Jamie Lake, Secretary/Treasurer
Rebecca Christensen, Greater Clark School Board Representative
Staff:
Gayle Robinson, Director
Mary Sue Ellenbrand, Secretary
Absent:
Charles Reisert, Vice President
Guests:
Mike Flint, President, The Flint Group
CALL TO ORDER:
Mr. Stevens called the meeting to order at 5:47 PM
MINUTES:
Mr. Stevens asked for any additions or corrections to the minutes of the September 10,
2008 meeting. Mr. Sevens reported that on page 2, first paragraph, Court Avenue should
read Seventh Street. Mr. Spence made a motion to approve the minutes of the September
10, 2008 meeting as corrected. Mr. Lake seconded. Motion passed unanimously.
NEW MARKET TAX CREDITS:
Mr. Mike Flint, President of The Flint Group gave a presentation on New Market Tax
Credits. Mr. Flint is partnered with Krieg DeVault, LLP in Carmel, In. The New Market
Tax Credits is a federal tax incentive program created to attract Capital Investment in a
"Community Development Entity" dedicated to making loans or capital investments in .
businesses located in disadvantaged census tracts.
The application is due in March 2009. Mr. Flint will represent Jeffersonville in general
matters concerning economic development incentives. The total fees and expenses for
this contract is $80,000.00 to be paid out of TIF.
Mr. Lake made a motion to accept the letter of engagement from The Flint Group as
presented on Exhibit A. Mr. Zastawny seconded. Motion passed unanimously.
CLAIMS:
Mr. Robinson presented the October 2008 Claims report for the Operating Account.
Claims totaled $80,864.30. Mr. Lake made a motion to approve the October 2008
Claims. Mr. Spence seconded. Motion passed unanimously.
CASI:
Mr. Robinson presented the October 2008 claims for the CASI Account. Claims totaled
$535.50. Mr. Spence made a motion to approve the claims for CASI totaling $700.00.
Mr. Lake seconded. Motion passed unanimously.
GRANT:
Mr. Robinson presented the October 2008 claims for the Grant Account. Claims totaled
$57,669.51. Mr. Spence made a motion to approve the Grant claims for October 2008.
Mr. Lake seconded. Motion passed unanimously
VETERANS PARKWAY BOND:
Mr. Robinson presented the October 2008 claims for the Veterans Parkway Bond. Claims
totaled $364,156.09. Mr. Zastawny made a motion to approve the claims for the
Veterans Parkway Bond totaling $364,156.09. Mr. Lake seconded. Motion passed
unanimously.
TIF CLAIMS:
Mr. Robinson presented the October 2008 claims for the TIF Account. Claims totaled
$33.966.25. Mr. Zastawny made a motion to approve the TIF claims. Mr. Lake
seconded. Motion passed unanimously.
TREASURER'S REPORT:
Due to the meeting being held early in the month the bank statements were not available.
The Treasurer's Report will be given next month.
EXECUTIVE DIRECTOR REPORT:
2
STAR LEASE:
Mr. Robinson reported that The Star attorneys are not in favor of a cost of living clause.
Mr. Robinson stated that Mr. Weber, Redevelopment Attorney, advised the
Commissioners that the lease was ready to be signed.
A$er discussion Mr. Spence made a motion to accept the amended and ratified lease
agreement for The Star Cruises. Mr. Lake seconded. Motion passed unanimously.
KINGFISH BUY-OUT:
Mr. Robinson reported that Greg Fifer is moving forward with the Kingfish buy-out.
There should be more information at the next meeting.
WALKER PARKING LOT PROPOSAL:
Mr. Robinson reported that the parking study conducted by Walker Parking Consultants
is complete. The study was done on a Thursday, Friday and Saturday. The summary of
the analysis is as follows:
Both the North and South areas provided sufficient parking per code when constructed.
However, when compared to the current code and industry standards, a deficit of parking
is suggested in both areas. Walker's observations of parking occupancy does not indicate
a shortage of parking at this time for either area.
Improvements to the parking experience are to improve parking under the Interstate 65
Bridge by eliminating the pigeons, repairing lighting and improving security. The
analysis also recommends better signage that would direct traffic to the parking areas.
REDEVELOPMENT STUDY:
Mr. Robinson reported that the staff is currently working on an RFQ (Request for
Qualifications) for the study. This will be publicized in the next month.
BARRISTER PROPERTY:
Mr. Robinson reported the lawsuit has been settled. The property will now be advertised
for rent.
3
ADJOURNMENT:
Mr. Stevens asked if there was any additional business. Hearing none Mr. Spence made a
motion to adjourn the meeting. The meeting was adjourned at 7:45 PM.
APPROVED:
Robert Stevens, President
1
4