HomeMy WebLinkAbout06-25-2003MINUTES OF MEETING
JEFFERSONVILLE REDEVELOPMENT COMMISSION
Wednesday June 25, 2003
The Jeffersonville Redevelopment Commission met on Wednesday, June 25, 2003 in
the Mayor's Conference Room, Fourth Floor, 501 E. Court Avenue, Jeffersonville,
Indiana. The following were present:
Barry Cahill, President
Ron Ellis, Commission Member
Ed Zastawny, Secretary/Treasurer
STAFF:
Gayle Robinson, Director of Redevelopment
Kathy Haller, Consultant
ABSENT:
Kyle Williams, Vice President
Les Merkley, Commission Member
Mary Sue Ellenbrand, Assistant to Director
GUESTS:
Nathan Samuel
Barbara Wilson, City Councilperson
CALL TO ORDER:
President Barry Cahill called the meeting to order at 5:40 PM
MINUTES:
Mr. Cahill asked for any additions or corrections to the minutes of the May 28, 2003
meeting. Hearing none Mr. Zastawny made a motion to approve the minutes. Mr. Ellis
seconded. Motion to approve minutes was carried with Barry Cahill voting to approve.
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LAKEWOOD PROPERTIES PRESENTATION:
~ Mr. Robinson informed the Commissioners present that Lakewood Properties would
be proposing that the city invest its $1.6 million equity in the property for the developers
to build a $1.7 million building for the city offices. Finishing out the interior of the
building would be the responsibility of the city. The various city offices currently occupy
approximately 24,640 sq. $. of space. However, common areas such as halls and the like
brought the total current space to 30,000 sq. ft. Mr. Robinson reported that the current
lease arrangement with the county for $272,000 to a high of $293,00 in 2008. An
average yearly space rental cost over the next five years would be in the range of
$290,000.
Mr. Robinson reported that a group that is out of the country at the moment is
interested in proposing to the Redevelopment Commission some time next week for
redevelopment of the Quadrangle. Their proposal would involve the city as one-third
partner in the redevelopment and would not require the city to relocate at the Quadrangle.
He further reported that his last conversation with Mansur indicated that they would not
submit a proposal.
Clayton Pace, Managing Director of Lakewood Properties began the presentation and
introduced Todd Waldrip and Ron Butt. A binder was provided with sections addressing
various aspects of the proposal. It was reported that the developer would be making
application for historic tax credits. Anew city hall would be built on the open corner.
The whole project is contingent on the city locating a new city building on the open
corner. Without a new city building being constructed, the project will not go forward.
CLAIMS:
Mr. Robinson presented the Operating Claims for the month of June 2003 totaling
$6,646.24. Mr. Robinson addressed Claim No. 11, Applegate and Mull, as a claim he
had inherited from Dustin White for preparation of a loan agreement for the 300 Spring
Street building. This expenditure will be reimbursed from the Revolving Loan fund. Mr.
Ellis had a question about money paid to Robert Spears to oversee the Quadrangle. Mr.
Robinson reported that receipts from the Quadrangle renters grossing $160,000 annually,
minus expense for Mr. Spears and utilities results in a net of approximately $100,000
anmially. A motion was made by Mr. Zastawny to approve the Claims for June 2003.
Mr. Ellis seconded. Motion carried with Barry Cahill voting.
Mr. Cahill requested that a copy of the lease with the Star of Louisville be included
with the packet.
TREASURER'S REPORT:
Mr. Cahill asked if we had gotten outside accounting assistance. Mr. Robinson
reported that Bob McBride is doing the Treasurer's Reports. Mr. Cahill also asked if the
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investment for INAAP being carried as an asset shouldn't be marked off the books. Mr.
Robinson asked to meet with Mr. Cahill and Mr. Zastawny to review this situation and
come to some agreement on how to best handle it. Ed Zastawny made a motion to accept
the Treasurer's report for Audit. Motion was seconded by Ron Ellis and approved, with
Mr. Cahill voting.
EXPANSION OF FALLS LANDING TIF:
Ms. Haller presented a Confirmatory Resolution to approve the expansion of the Falls
Landing TIF to include an area bound by Court Avenue on the south, Sixth Street running
northwest and Broadway on the west. This area would include the new restaurant
Timothy's.
Mr. Zastawny made a motion to approve the Confirmatory Resolution. The motion
failed for lack of a second.
PROJECT UPDATE REPORT: (See attached copy)
ADJOURNMENT:
Mr. Cahill asked if there was any additional business. Hearing none Mr. Zastawny
made a motion to adjourn the meeting. Motion carried. The meeting was adjourned at
8:00 PM.
APPROVED:
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