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Home My WebLink About03-27-2002a~ PROJECT DEVELOPMENT UPDATE INTERCITY ROAD BRIDGE I?ROJECT: February: Engineering plans are 99% complete. Ready to submit to INDOT. July letting anticipated for the road and bridge project. Property acquisition: proceeding with condemnation with trustees of church. March: Plans submitted and a copy made available to Redevelopment. Awaiting review. April: Received review. Submitting final tracings. Haven't received final comments on bridge. Late Summer letting period. VOLT VALVE PROJECT• February: Nothing new to report at this time. March: Nothing new to report at this time. April: The report for the first quarter of 2002, showed 201 jobs, compared to a goal of 237 and down from 204 last quarter. Capital investment was $38,925,671 compared to a goal of $36,538,000. NORTHSIIORE DEVELOPMENT: February: Ceridian did not work out. Oncology group is interested in second floor. MRI group in interested in remaining square footage on first floor. Looking at Verizon group for rooftop towers and renting some space in basement. Vision Plus has moved in. Union Planters has not yet moved in. A local educational institution is still renting. Will still have 4,300 sq ft remaining on the second floor. March: A local educational institution is still renting and has expressed interest in permanent space. Union Planters signed their lease. A travel agency has undertaken negotiations for 1 %z floors of space. April: Union Planters will start improvements on Monday. IUS has approval from Bloomington to establish a fixed site and hope to complete negotiations in May for availability in Fall. A travel agency is still in discussions for 1 %z floors of space, as well as a dot com company and a medical group. If all these sign, building should be at 90% capacity. URBAN ENTERPRISE ZONE' February: Refer to David's report. March: Refer to David's report. April: Awaiting receipt of fully executed grant agreement for $22,095. COURT AVENUE EXTENSION: February: Have secured approval of plans by INDOT. Awaiting signature process at the state level. Anticipate being able to bid the project around the first part of June 2002. March: Awaiting the finalization ofhold-harmless agreement between INDOT and the City regarding liability for possible safety issues. April: Nothing new to report at this time. BETS NOVA TUBE L.L.C.: February: No report at this time. March: No report at this time. April: The report for the first quarter of 2002 showed 7 new jobs, compared to a goal of 74. Capital investment was $12,915,283.64 compared to a goal of $19,565,000. INAAP: February: Nothing new to report at this time. March: Nothing new to report at this time. April: Nothing new to report at this time. H:~Kathy~DOR cepoNs`02-Apr p~ojod update-doc Pa®e 10£1 PROJECT DEVELOPMENT UPDATE RIVERFRONT OFFICE CONDOS (NORTH SHORE OFFICE PARK): February: Have secured a lease for 8,000 sq. ft. out of the first 16,000 sq.ft. Exterior is completed. Build-out will be accomplished as new contracts are executed, March: Project is 95% complete. Small items need to be completed, as well as a gas line issue that is close to resohrtion. Pazking lot wdl go down in 2 weeks. Landscaping should be installed shortly. Sidewalks aze poured and curbs. Close on a couple deals for prospective clients. April: Reported a closing on one of the units and being close on two other units out of the 16 units completed to date. QUARTERMASTER DEPOT' February: Working on the details of contract with Heritage Foundation. March: Refer to meeting comments. April: Environmental Review Process, including Section 106 Historic Review has commenced. PEARL STREET REDEVELOPMENT: February: Houses on Pearl Street are under construction. March: Houses on Pearl Street are under roof and have siding installed. April: Project on schedule. No problems reported TERRACE LAWN BARGE: February: Preparing to submit a grant to the Clazk-Floyd Counties Convention and Tourism Bureau for $325,000 to acquire two barges to modify as a floating stage with a protective shell. March: Submitted grant proposal to the Clark-Floyd Counties Convention and Tourism Bureau for $325,000 to acquire two barges to modify as a floating stage with a protective shell. Anticipate favorable review. Should receive notification at CTB April board meeting. April: Received notification of approval. Preparing a Resolution for City Council approval. THOMAS JEFFERSON STATUE: March: Preparing a grant to the Arts Council of Southern Indiana for $15,000 under the Regional Partnership Initiative to help with funding the next phase of the construction of the Thomas Jefferson Statue for Warder Park. H:~I{adry~DOR report~`02-Apr pmject uPda~e-doc Page 2 oft f MINUTES OF MEETING JEFFERSONVILLE REDEVELOPMENT COMMISSION Wednesday, March 27, 2002 The Jeffersonville Redevelopment Commission met on Wednesday March 27, 2002 in the Mayor's Conference Room, Fourth Floor, 501 E. Court Avenue, Jeffersonville, Indiana. The following were present: Robert Campbell, President Barry Cahill, Vice President Nathan Samuel, Secretary Edward Zastawny, Commission Member ABSENT: Kyle Williams, Commission Member STAFF: David C. Duggins, Jr., Redevelopment Director Mary Sue Ellenbrand, Assistant to Director Kathy Haller, Consultant CALL TO ORDER: President Robert Campbell called the meeting to order at 5:38 PM. APPROVAL OF 1`~IINU'I'ES: President Campbell asked for any additions or corrections to the minutes of the January 29, 2002 meeting. Hearing none Mr. Samuel made a motion to approve the December 13, 2001 minutes. Mr. Cahill seconded. Motion passed. TREASURER'S REPORT: Mr. Duggins passed out copies of the Balance Sheet. Assets total $2,142,880.79. Mr. Duggins then passed out the Income Statement for the month ending February 28, 2002. Total Revenues for the month of February were $22,719.32. Total Expenses totaled $9,874.05. Net Income for the month was $12,845.27. Mr. Cahill made a motion to approve the Treasurer's Report. Mr. Samuel seconded. Motion passed. [~ Page 2 CLAIMS: OPERATING: Mr. Duggins presented Operating Claims for March 2002 totaling $19,772.74. Mr. Samuel made a motion to approve the Mazch 2002 Operating Claims. Mr. Cahill seconded. Motion carried. INTERCITY ROAD NOTICE OF PROPOSAL FOR ENGINEERING INSPECTION - JORGE LANZ, JACOBI, TOOMBS & LANZ: Mr. Jorge Lanz of Jacobi, Toombs & Lanz presented an update on the Intercity Road Project. All of the property needed for this project is in the process of being acquired. The proposals for Construction Engineering Services, Jeffersonville and Clazksville, Indiana that had been published were open. Only one proposal was received. This proposal was from the Engineering Firm of Jacobi, Toombs & Lanz. A motion was made by Mr. Zastawny and seconded by Mr. Samuel to accept the proposal for Construction Engineering Services and to make a recommendation to the Clarksville Redevelopment Commission to also accept this proposal. QUARTERMASTER DEPOT UPDATE: Mr. Duggins reported that on Friday, Mazch 22, 2002 the Heritage Group applied for the Low Income Housing Tax Credits at the nine percent level. The Heritage Group is currently pursuing Tax Exempt Bonding with the combination of a four percent tax credit. More information will be forwarded to the Commissioners as it becomes available. GATEWAY UPDATE: Mr. Duggins reported that he is still in negotiations with Mr. Glen Lewis concerning his property on Tenth and Spring Streets adjacent to the Pet Paradise Property. Mr. J. W. Lopp of J. W. Lopp Commercial Real Estate has a major hotel chain, possibly Hilton Gazdens, interested in building athree-story hotel on that property. The hotel would need a 40-foot strip of the Pet Pazadise property. Ms. Haller has applied for and received a $22,000.00 Brownfield Environmental Study Grant from the Department of Commerce. This will complete Phase I study work on the remaining pazcels along Tenth and Spring Street intersection. Page 3 Mr. Lanz reported that the process of condemning the Franke property on Tenth Street is progressing. Construction should begin sometime during the summer. SPORTS COMPLEX INFORMATION FROM CITY OF BLOOMINGTON: Mr. Paul Wheatley, Intern for the Department of Redevelopment, reported that the Bloomington Sportsplex was totally funded privately and that it had been open for two years. The facility provides basketball courts, a suspended walk/run track, indoor soccer and golf, full workout gym with all state of the art equipment. Mr. Nathan Hadley stated that the Sportsplex was struggling financially even though their attendance was very steady with lots of activity. Plainfield, Indiana is also looking at building a complex similar to the facility in Bloomington. The Redevelopment Office will be contacting Plainfield, Indiana for their input in the very near future. CERTIFICATE OF COMPLETION VIRGINIA PADDOCKS PROPERTY LOCATED ON MARKET STREET: A Certificate of Completion for Virginia Paddocks property located on Market Street. The agreements and covenants contained in the Quit Claim Deed transferring title to the real estate from the Agency to the Redevelopers have been completed in full accordance with said Contract and Deed. Mr. Cahill made a motion to approve the Certificate of Completion and Mr. Samuel seconded. Motion carried. PROJECT UPDATE REPORT: (See attached sheet.) Ms. Haller reported that the Project Development Update report would have a different format in the future. The report will be a continuation from the previous month and will allow the Commission Members to have an overall look at the projects. EXECUTIVE SESSION: Mr. Campbell requested that an Executive Session be set up before the next meeting. Mr. Campbell requested that the City Attorney be present. Mr. Duggins stated that he would organize the meeting. ADJOURNMENT: Mr. Campbell asked if there was any additional business. Hearing none Mr. Samuel made a motion to adjourn the meeting. Mr. seconded. Motion carried. i APPROVED: Page 4