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HomeMy WebLinkAbout12-31-2003 SpecialSPECIAL MEETING REDEVELOPMENT COMMISSIONERS December 31, 2003 The Jeffersonville Redevelopment Commissioners held a special meeting Monday, December 31, 2003 at 5:30 PM in the Mayor's Fourth Floor Conference Room. This meeting was held to hear Request for Proposals for the Roof Repair Project for the Quadrangle. The following were present: Ed Zastawny, Secretary/Treasurer Les Merkley, Commission Member Ron Ellis, Commission Member Monty Snelling, Commission Member-replacing Mr. Williams Rev. Douglas Motley, Commission Member- replacing Mr. Cahill Staff: Gayle Robinson, Redevelopment Director Mary Sue Ellenbrand, Assistant to the Redevelopment Director Anne Marie Galligan, City Attorney Thomas Galligan, Mayor CALL TO ORDER: Mr. Zastawny welcomed the new members to the board. Mr. Zastawny announced to the board that he was the highest-ranking officer present and that is why he was presiding over the meeting. For the record all members signed their bond papers. Mrs. Galligan also stated the bond papers for 2002 were found. Diversified Insurance Co. failed to contact the City concerning the renewal for 2003. The bond papers will be filed with the Clerk Treasurer's Office Friday, January 02, 2004. ELECTION OF OFFICERS: Due to the replacement of two of the officers, election of new officers was mandated. The following officers were elected: President: Mr. Merkley nominated Mr. Zastawny for President. Rev. Motley seconded. Motion carried. Vice President: Mr. Merkley nominated Mr. Snelling for Vice President. Rev. Motley seconded. Motion carried. Secretary-Treasurer Mr. Snelling nominated Mr. Merkley for Secretary/Treasurer. Rev. Motley seconded. Motion carried. TENTH AND SPRING STREET PROJECT: Mr. Robinson presented a proposal from North Springs Development LLC for acquisition and development of 1.992-acre site at the northwest corner of the intersection of Spring and Tenth Streets in Jeffersonville, Indiana. Mr. Robinson stated that the purchase price has been changed to One Million Fifty Thousand Dollars with an option fee of Ten Thousand Dollars. Mr. Ellis asked Mr. Robinson why he had told the board that there were no other offers for the property. Mr. Ellis said he had been contacted by a source that he failed to identify that said a group of doctors were interested in the property. Mr. Robinson said he had been in contact with the CFO prior to the Decemberl7, 2003 meeting and they could only offer $750,000.00 for the property. Mr. Merkley made a motion to amend paragraph 2. Rev. Motley seconded. Motion carried. The paragraph should read: The option shall be exercisable by NSD at any time within 120 days after execution of the definitive option agreement, provided that NSD shall have obtained a firm commitment for the development of the AmeriSuites hotel or other comparable upscale hotel with the written approval of the Redevelopment Commission, which approval may not be unreasonably withheld. During such period NSD will take all steps necessary to satisfy the conditions stated in the enclosed AmeriSuites tentative approval. In the event that all such conditions have not been fully and satisfactorily resolved by the expiration of the option period, such period maybe extended for an additional 60 days upon written request and payment by NSD of an additional option fee in the amount of Two Thousand Dollars ($2,000.00). Mr. Merkley made a motion to amend paragraph 4. Mr. Ellis seconded. Motion carried. The paragraph should read: NSD would also request that the option agreement contain a provision that would prohibit the City from offering and other City-controlled property for development as a hotel project within a reasonable geographic and time limitation if this proposed project is actually constructed. While the additional terms in this paragraph 4 are not deal- breakers from North Springs Development standpoint, they would seem to be reasonable accommodations to assure that the proposed project actually develops and has the greatest possible opportunity for success. Mr. Merkley-then made a motion to add paragraph #S.It will read as follows: In the event the City and or the Redevelopment Commission is required through settlement or judicial order to give additional compensation to Glen Lewis and or the Lewis Property Group for the condemnation of the property. North Springs Development, LLC will be required to pay up to $15,000.00 toward the additional compensation that must be paid to Glen Lewis and or the Lewis Property Group. Mr. Ellis seconded. Motion carried. Mr. Merkley then made a motion to approve as amended the North Springs Development LLC proposal for acquisition and development of 1.992-acre site at the northwest corner of the intersection of Spring and Tenth Streets in Jeffersonville, Indiana. Reverend Motley seconded. Motion carried unanimously. QUADRANGLE UPDATE: Mrs. Galligan reported that the Indiana Department of Labor and the Indiana Regional Council of Carpenters have raised questions about the applicability of the provisions of Indiana law concerning the use of prevailing wage in the redevelopment of the Quadrangle. The Department of Redevelopment and/or the Jeffersonville Redevelopment Commission will restructure the transactions providing for the redevelopment of the Property to achieve the same economic and financial results to Quadrangle LLC and Quad Partners LLC as were anticipated when the documents were executed on September 8, 2003, i.e. that the redevelopment of the Property be a private project made possible through the provisions of the Indiana Redevelopment Laws (Indiana Code 36-7-14-1 et seq.), and not a public works project subject to prevailing wage. Mr. Merkley made a motion to adopt Resolution 2003-05. Reverend Motley seconded. Motion carried. OTHER: Mr. Snelling read a statement outlining the reasons he voted for the Tenth and Spring Street project. (See attached copy). Reverend Motley stated that he was happy to be a part of the Redevelopment Commission and that he hoped the spirit of cooperation returned. ADJOURNMENT: Mr. Zastawny asked if there were any additional business. Hearing none Mr. Merkley made a motion to adjourn the meeting. Meeting adjourned at 6:24 PM. APPROVED: ~~ '~ ~ Edward Zastaw, , Presiden Monty Snelling, Vice President