HomeMy WebLinkAbout11-12-2008JEFFERSONVILLE REDEVELOPMENT COMMISSION
MINUTES
November 12, 2008
The Jeffersonville Redevelopment Commission held a Regular Meeting on
Wednesday, November 12, 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
Joe Weber, Redevelopment Attorney
Absent:
Charles Reisert, Vice President
Guests:
Mike Flint, President, The Flint Group
Rick Lovan, Annexation Director
Jim Urban, Planning and Zoning Director
CALL TO ORDER:
Mr. Stevens called the meeting to order at 6:00 PM
MINUTES:
Mr. Stevens asked for any additions or corrections to the minutes of the October 8, 2008
meeting. Mr. Lake made a motion to approve the minutes of the October 8, 2008
meeting as presented. Mr. Spence seconded. Motion passed unanimously.
NEW MARKET TAX CREDITS:
Mr. Mike Flint passed out copies of Summary of the Board and Committees of a
Community Development Entity (for Purposes of New Markets Tax Credits). The Board
will consist of the Governing Board, Advisory Board and a Loan Committee. The
Jeffersonville Redevelopment Commission will have 99.999% Equity Ownership; and
the Jeffersonville Redevelopment Authority .001 % Equity Ownership.
A resolution was drawn up to form an LLC, an Indiana limited liability company. The
Redevelopment Commissioners need to approve this resolution. This resolution is
needed to make application for the tax credits.
Mr. Zastawny made a motion to approve Resolution 2008 - R-06 that forms an LLC for
the Department of Redevelopment. Mr. Lake seconded. Motion passed unanimously.
CLAIMS:
Mr. Robinson presented the November 2008 Claims report for the Operating Account.
Claims totaled $12,210.85. Mr. Lake made a motion to approve the November 2008
Claims. Mr. Spence seconded. Motion passed unanimously.
CASI:
Mr. Robinson presented the November 2008 claims for the CASI Account. Claims
totaled $8,730.00. Mr. Lake made a motion to approve the claims for CASI totaling
$8,730.00. Mr. Spence seconded. Motion passed unanimously.
GRANT:
Mr. Robinson presented the November 2008 claims for the Grant Account. Claims
totaled $470.60. Mr. Spence made a motion to approve the Grant claims for November
2008. Mr. Lake seconded. Motion passed unanimously
VETERANS PARKWAY BOND:
Mr. Robinson presented the November 2008 claims for the Veterans Parkway Bond.
Claims totaled $442,253.19. Mr. Spence made a motion to approve the claims for the
Veterans Parkway Bond totaling $442,253.19. Mr. Lake seconded. Motion passed
unanimously.
TIF CLAIMS:
Mr. Robinson presented the November 2008 claims for the TIF Account. Claims totaled
$131,841.21. Mr. Spence made a motion to approve the TIF claims. Mr. Lake seconded.
Motion passed unanimously.
RIVERFRONT DEVELOPMENT CLAIMS:
Mr. Robinson presented the November 2008 claims for the Riverfront Development
Account. Claims totaled $12,483.30. This account has been closed. Mr. Spence made a
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motion to approve the Riverfront Development Account. Mr. Lake seconded. Motion
passed unanimously.
TREASURER'S REPORT:
The bank balance at the end of October 2008 was $388,748.99.
EXECUTIVE DIRECTOR REPORT:
STAR LEASE:
Mr. Weber reported that the lease has not been signed. Mr. Smith, the Star's attorney
will get the lease signed as soon as possible.
KINGFISH BUY-OUT:
Mr. Weber reported that the state has agreed to extend the time to honor the easement
under the bridge. All rent will be paid at the closing. Mr. Weber will bring the lease to
the next meeting.
REDEVELOPMENT STUDY:
Mr. Urban reported that the study can be done mainly in-house. The study will be done
in three parts:
*A downtown housing marketing analysis
*Redevelopment plan -map plan
*Financial Plan
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 7:05 PM.
APPROVED:
Robert Stevens, President
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