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HomeMy WebLinkAbout01-26-2000MINUTES OF REGULAR MEETING JEFFERSONVILLE REDEVELOPMENT COMMISSION Wednesday, January 26, 2000 The Jeffersonville Redevelopment Commission met in Regular Session at 5:30 P.M. on Wednesday, January 26, 2000, at the Jeffersonville Housing Authority, 206 Eastern Blvd., Jeffersonville, Indiana. The following were present: Robert E. Campbell, Jr., President; Nathan Samuel, Barry Cahill and Ed Zastawny, Commission Members; Absent: Commission Secretary Kyle Williams, who is attending a session of the Bingham Fellows Leadership Program; City Attorney Anne Marie Galligan; City Planner Jana Ecker; Staff Members: Philip W. McCauley, Executive Director; David Duggins, Assistant Director; Julie Hinton, Executive Assistant; and Kathy Haller, Consultant. President Robert E. Campbell, Jr called the meeting to order. The President asked for any additions or corrections to the minutes of the December 15, 1999 meeting. Hearing none, motion to approve was made by Mr. Cahill, second by Mr. Samuel, motion carried. Mr. McCauley reviewed the Balance Sheet as of December 1999 and answered questions asked of him. He explained that in the future the Treasurer's Report would be based on the end of the preceding month. Mr. McCauley presented the Budget Report for 1999 pointing out the actual expenses in 1999 as opposed to what was budgeted for 1999. He'further presented the 2000 budget showing comparisons to actual expenditures in 1999. Mr. Samuel asked why there were no expenses in the salary line items for the City Attorney and the Executive Director. A motion was made by Mr. Cahill, second by Mr. Zastawny to increase the 2000 budget as follows: 1. Environmental clean-up -- increase to $5,000; 2. Salary for City Attorney - $10,000; 3. Salary for Executive Director - $16,000; 4. Leave in Outside Legal Fees of $6,000 Motion carried. The Register of Claims for the Operating Account was next presented showing claims of $16,510.20. Mr. Duggins explained the claim in the amount of $512.57 was to cover his expenses while attending the Economic Development Conference. Motion by Mr.~ Samuel to approve, second by Mr. Cahill, motion carried. .Next presented was the Grant Fund Account register. Motion by Mr. Samuel to approve, second by Mr. Cahill, motion carried. Next presented was the Galvpro Escrow Account register. Motion by Mr. Cahill to approve, second by Mr. Zastawny, motion carried. Next was discussion on the Spring and Chestnut Streets parking lot. This should be an enterprise zone project but UEA has no~ money at this time. The Department of Redevelopment is asked to front the lease money for approximately 18 months when the department can be reimbursed by the Urban Enterprise Association. The tenants on Spring Street have agreed to lease the parking lot from Max Zimmerman for $1,000.00 per month with the tenants paying $800.00 per month. It is felt the total expense to Redevelopment would be approximately $500.00 per month for the 18 month period. Mr. Cahill thought it a good idea to advance the money each month and execute the lease in the City's name and not the Department of Redevelopment. Mr. McCauley discussed the Request for Proposal on the Aquatic Center stating it has been mailed to the five architects as shown on the schedule. Proposals are due back to the City by February 16, 2000. Mr. McCauley requested permission to issue Request for Proposal on Lot 4 in the Piggyback property. Motion by Mr. Samuel, second by Mr. Zastawny to approve issuing Request for Proposal on the Piggyback Lot 4, motion carried. Quartermaster Depot report: Mr. McCauley stated he met with developers this date, who are very interested in this project. Acquisition could take place in sixty days. The City will look to grants to help with clean-up expense. INAAP report: Mark Elliott has been hired as the new director. Pearl Street properties: The City Attorney stated that 330 Pearl Street (lot size 35'x 104')is currently part of an estate and appraised at $31,000.00. The City wants to purchase several other substandard houses in the 300 block of Pearl Street. Mr. McCauley stated this is another project for UEA, with Redevelopment advancing the funds. UEA will purchase the property at a later date when funds become available. Motion by Mr. Zastawny, second by Mr. Samuel to purchase the property at 330 Pearl Street with approval to obtain a loan from the sewer utility to pay for said property. Mr. Cahill stated he felt that $31,000 was too much to pay for the property. Motion carried 3-1. Mr. McCauley stated the 10th and Spring Street intersection is progressing with the City looking to condemn the two fireworks stores at that location. Mr. McCauley stated there is a new buyer interested in the Elks Building. Purchase should be completed within the next sixty days. Buckhead/Rocky's Lease Acceleration: Mr. McCauley stated the covenants would remain the same, each year we would receive the lease overage amount, and a discount rate of 6 1/2% on prepayment as negotiations stand at the present time. Mr. Zastawny felt this rate was too high. Mr. McCauley stated if the rate were lower, the deal would fall through. Mr. Campbell would like to see the following occur before arriving at a decision: 1. Offer a lower rate to Buckhead's/Rocky's; 2. Determine what to do with the money should the buyout occur; 3. Obtain a quote on a similar annuity for comparison purposes. The Project Update Report was distributed. Mr. Cahill moved to adjourn, second by Mr. Samuel. Meeting adjourned at 7:17 P.M. 1 y _..-""'~ - - - - - - - - - - - - - - - - - - - - Kyle illiams, Secre ary Jeff sonville Redevelopment Commission ('~, ~..,.r-_~ ~~-- ------ obert E. Campbell, Jr', President Jeffersonville Rede~ el~pment,CommiSsion