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HomeMy WebLinkAbout03-29-2000MINUTES OF REGULAR MEETING JEFFERSONV/LLE REDEVELOPMENT COMMISSION Wednesday, March 29, 2000 The Jeffersonville Redevelopment Commission met in Regular Session on Wednesday, March 29, 2000, at the Jeffersonville Housing Authority, 206 Eastern Blvd., Jeffersonville, Indiana. The following were present: Robert E. Campbell, Jr., President Barry S. Cahill, Vice President Nathan Samuel, Commission Member Ed Zastawny, Commission Member City Attorney Anne Marie Galligan City Planner Jana Ecker Staff Members: Philip W. McCauley, Executive Director David Dug~ins, Assistant Director Julie Hinton, Executive Assistant Kathy Haller, Consultant President Robert E. Campbell, Jr. called the meeting to order at 5:30 p. m. The President asked for additions or corrections to the minutes of the February 23, 2000 meeting. Hearing none, motion to approve was made by Mr. Cahill, second by Mr. Samuel, motion carried. Mr. McCauley discussed the Treasurer's Report stating there was nothing unusual to report.. A question was raised regarding the Spring Street Grant figure (-20,774.57) and was advised that this was a liability paid before funds were received from the Department of Commerce. Ms. Haller advised that the contractor had been made to wait too long to be paid. She further advised that the funds should be received this week to reimburse the Dept. of Redevelopment and finish paying the contractor. Motion by Mr. Zastawny, second by Mr. Cahill, to approve the Treasurer's Report, motion carried. Ms. Hinton distributed an updated Claims Register for the Operating Account. Motion to approve by Mr. Samuel, second by Mr. Zastawny, motion carried. Ms. Hinton distributed an updated Claims Register for the Grant Fund Account showing total claims in the amount of $105,469.53. Motion to approve by Mr. Cahill, second by Mr. Samuel, motion carried. Gateway Project Appraisal: Mr. McCauley stated he had met with Chapman and Bell, who have appraised all of the property. Lin Bell suggested an abbreviated appraisal and all parcels appraised for a total of $1.5 Million, less the cost of cleanup. The developers need to finish the financial analysis. One suggestion from the developers was that the fireworks store location be made a city park with greenery and a welcome sign into the city. Mr. McCauley advised that there has been no success in coming to terms with the property owners. Mr. Samuel inquired whether the new construction to update I-65 would affect this property. Ms. Ecker stated that it would affect the ramp but that this property will not be affected. Mr. Campbell suggested getting a copy of the state plans and provide them to the Barrister Group. Galvpro Project -- Consent and Agreement of Commission: The City Attorney advised that this is a document left out at the time of the closing. It is an agreement to enter into the lease and assignment of lease, and agree to the sublease. The City Attorney recommends that the Commissioners approve the agreement and authorize its execution. Ms. Haller advised that the grant has been closed out. Motion by Mr. Cahill to approve and authorize execution, second by Mr. Zastawny, motion carried. Rocky's and Buckhead lease prepayment: The City Attorney is reviewing the documents as prepared by the attorney for Rocky's and Buckheads. The three main points of the agreement are: 1. Prepayment discount at 6 1/2%; 2. No change in the covenants; and 3. Title of the property would change to Buckhead's and Rocky's. Motion by Mr. Samuel to accept the business concept of the lease prepayment with Rocky's and Buckhead's and authorize Mr. Campbell, as President, and Mr. Williams, as Secretary, to execute the agreement. Second by Mr. Zastawny, motion carried. It was reported that two responses have been received from the RFP's on the piggyback lot. These responses are from RiverFront Development Company LLC and Quadrant II Holdings LLC. Urban Enterprise Association and Memorandum of Understanding: Mr. Duggins advised that the Urban Enterprise Board approved entering into the Memorandum of Understanding with the Department of Redevelopment. Mr. Campbell apologized to the Commissioners for being caught unaware of the two houses being torn down on Pearl Street. The Mayor ordered the houses torn down due to recent fires being set in that neighborhood. He would like to see better lines of communication when events such as this occur. Purchase of 326 Pearl Street: This property, adjacent to 330 Pearl St., appraised for $25,000.00. Urban Enterprise is aware of 326 Pearl Street and has approved its purchase. Mr. Campbell suggested that Urban Enterprise and Redevelopment exchange minutes of meetings where approval of purchase is given. Motion to approve purchase by Mr. Samuel, second by Mr. Cahill, motion carried. ~ Quadrangle developments: Mr. McCauley stated that plans are moving along and that the only hold up at present are the clean-up costs. It is estimated we should have more information on clean-up costs in 120 days and that clean- up will take approximately one year. The city offices will occupy the center building, with spark-like setting around the building, and fair market value apartments and retail in the surrounding buildings. There will be no redevelopment funds in this project. The Project Update report was discussed with Ms. Haller answering questions as presented. Mr. McCauley stated that the Clark County Riverfront Development Corporation has been dissolved, however, it has assets of approximately $45,000. These funds will be placed under control of the Department of Redevelopment. Mr. Campbell announced that Julie Hinton is leaving the Redevelopment office. He wished her well as she rejoins her previous employer, Clark County REMC. Ms. Ecker reported on the widening of Tenth Street, stating appraisals are being done at the present time. Upon motion duly made and seconded, the meeting adjourned at 7:08 P. M. y /_I ,_. G 1 -~ f'~ i Robert E. ampbell J ., President _- ~' SECR~-,~~