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HomeMy WebLinkAbout05-31-2000MINUTES OF REGULAR MEETING JEFFERSONV/LLE REDEVELOPMENT COMMISSION Wednesday, May 31, 2000 The Jeffersonville Redevelopment Commission met in Regular Session on Wednesday, May 31, 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 Kyle Williams, Secretary Nathan Samuel, Treasurer Ed Zastawny, Commission Member City Attorney Anne Marie Galligan Staff Members: Philip W. McCauley, Executive Director David Duggins, Assistant Director President Robert E. Campbell, Jr. called the meeting to order at 5:37 P.M. The President asked for additions or corrections to the minutes of the April 26, 2000 meeting. Hearing none, motion to approve was made by Mr. Samuel, second by Mr. Williams, motion carried. Mr. McCauley reviewed the Treasurer's Report calling attention to the Profit and Loss Comparison figures for the current month and year to date. Motion by Mr. Williams to approve the Treasurer's Report, second by Mr. Zastawny, motion carried. Mr. McCauley reviewed the Operating Account at Bank One showing total claims of $7,816.51. Motion to approve by Mr. Williams, second by Mr. Samuel, motion carried. The Grant Fund Account was reviewed showing total claims of $55,503.72. Motion to approve by Mr. Zastawny, second by Mr. Cahill, motion carried. PIGGYBACK LOT DISCUSSION: Mr. McCauley stated the sale price for the property to be $230,000 from QII and $225,000 from Kapfhammer and Johnson. It was pointed out that the QII group has had previous experience in an office/condo project, and that the City has had previous dealings with Kapfhammer and Johnson. Mr. Cahill stated he preferred the QII group because of their past experience and the fact that they would bring a diversification of developers to the area. Mr. Samuel noted our past success in dealing with Kapfhammer/Johnson. Mr. Williams stated that this project is outside the normal business range of Kapfhammer and Johnson. Mr. McCauley stated he feels either developer would do a competent job for the City and he believes Kapfhammer/Johnson will match QII'S price for the property. He further stated that City Planner Jana Ecker, who could not attend tonight's meeting, has no preference between the two developers. The City Attorney reminded the Commission that Kapfhammer and Johnson have a partner who has previous experience in an office- condo project and stated she prefers working with people who have a history of good development and cooperation with the City. Motion by Mr. Williams to approve the proposal of Mike Kapfhammer and Wes Johnson in the amount of $230,000, second by Mr. Zastawny. Motion carried with ayes from Mr. Williams, Mr. Samuel and Mr. Zastawny,-with one opposing vote from Mr. Cahill. FORMATION OF TIF IN MARITIME CENTRE: This matter concerns the Beth Nova project, a project bringing 79 new jobs to the Clark Maritime Centre. The City Attorney advised that this matter has to go before the Plan Commission for approval, and then to the City Council. C. LEE COOK RELOCATION INTO NORTHPORT: Mr. McCauley advised that this is swell-established company providing parts for the aerospace industry and the Rolls Royce Company. The issue of tax abatement will be presented to the City Council at its meeting on June 5, 2000. The company will bring approximately 70 new jobs and transfer approximately 80 jobs from its present site. Its location is part of the Inter City Road TIF. QUARTERMASTER OPTION UPDATE: The City Attorney advised that this is a lease with option to purchase. The option expense is approximately $11,300.00 per month. We need to find out the amount of remediation expense but that can only be accomplished with control of the site. This option gives us that control. If the environmental cleanup is manageable, then we would close the deal and assign the lease to a developer. At that time a lease agreement would be entered into for the middle building to be used for City offices. She advised that the environmental results should be obtained in 120 days. If the environmental issues are not manageable, we would terminate the lease. Motion by Mr. Samuel to approve the lease with option to purchase, with the lease expense at approximately $11,500 per month with the Department of Redevelopment advancing. the funds until the deal is closed and with the expectation that Redevelopment would be reimbursed. Second by Mr. Cahill, motion carried. The Project Development Update Report was distributed. Rocky's/Buckhead Lease Buyout: Mr. McCauley announced that the .buyout closing is scheduled for June 30, 2000 with buyout figures being $241,180.06 for Buckhead's and $364,631.12 for Rocky's. It was learned today that Mr. McCauley has resigned his position with the City of Jeffersonville. Mr. Campbell requested that Mr. McCauley give the Redevelopment Commission sixty days notification before leaving that department. He further praised Mr. McCauley for the excellent job he has done for this Commission and for his city. Upon motion duly made and seconded, the meeting adjourned at 7:05 P.M. Robert E. Campbell, Jr., President -=.. ~~-~~