HomeMy WebLinkAbout11-14-2007JEFFERSONVILLE REDEVELOPMENT COMMISSION
MINUTES
November 14, 2007
The Jeffersonville Redevelopment Commission held a regular Meeting, Wednesday,
November 14, 2007 at 5:30 PM in the Mayor's Conference Room, Second Floor, 500
Quartermaster Court, Jeffersonville, Indiana. The following were present:
Nathan Samuel, President
Robert Stevens
Tracey Farrell
Kyle Williams
Staff:
Barry Cahill, Executive Director of Redevelopment
Beth Keeney, Assistant Director of Redevelopment
Mary Sue Ellenbrand, Secretary
Absent:
Ed Zastawny, Board Member
Guests:
Ron Culler
Randy Westerfield
John Rulketter
CALL TO ORDER:
Mr. Samuel called the meeting to order at 5:43 PM
APPROVAL OF MINUTES
Mr. Samuel asked for any additions or corrections to the minutes of the October 10, 2007
regular meeting. Hearing none, Ms. Farrell made a motion to approve the minutes of the
October 10, 2007. Mr. Stevens seconded the motion. The motion passed unanimously.
QUARTERMASTER STATION -John Rulketter:
Mr. John Rulketter of Quartermaster, LLC presented a Mortgage, Security Agreement
and Fixture Financing Statement. This statement is a temporary loan to finish the repairs
of the roofs that have leaked. Quartermastc LLC has sued the contractors that instali~~:a
the first roof and need the loan to finish the repairs.
Mr. Samuel recommended that the statement be shown to the City Attorney. A motion
was made by Ms. Farrell and seconded by Mr. Stevens to grant Nathan Samuel authority
to sign the Mortgage, Security Agreement and Fixture Financing Statement pending legal
review. Motion carried unanimously.
RELEASE OF THE OAKS AT RIVER POINT, LLC -LETTER OF CREDIT:
Mr. Tom English has asked that we send a letter to his bank, American Farmers Bank,
releasing all obligations for the Oaks at River Point, LLC. Mr. English has asked that
this be done as soon as possible.
A motion was made by Tracy Farrell and seconded by Rob Stevens to send a release
letter to American Farmers Bank for the Oaks at River Point, LLC. Motion carved
unanimously.
REQUEST FROM THE STAR FOR RENT REDUCTION DUE TO BRIDGE
PAINTING:
The Star has requested rent reduction due to the painting of the Kennedy Bridge. Lost
revenue and bookings have caused The Star to request the reduction.
A motion was made by Ms. Farrell to reduce the rent for the Star from October 2007 to
February 2008 by 50%. The regular rent will be due in March 2008. Mr. Stevens
seconded. Motion passed unanimously.
DISPOSTION OF WESTERFIELD PROPERTY - RON CULLER:
Mr. Ron Culler, representing Randy Westerfield asked for a Certificate of Completion for
the Westerfield property on Market and Spring St. Mr. Westerfield plans to sell the
property.
A motion was made by Ms. Farrell to approve a Certificate of completion on the
Westerfield property. Mr. Stevens seconded. Motion passed unanimously.
CLAIMS APPROVAL:
TIF CLAIMS:
Mr. Cahill presented TIF Claims in the amount of $15,800.00. Ms Farrell made a motion
to approve the TIF Claims for November 2007. Mr. Stevens seconded. Motion passed
unanimously.
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OPERATING CLAIMS:
Mr. Cahill presented Operating Claims totaling $307,657.83. Ms. Farrell made a motion
to approve the Operating Claims for November 2007. Mr. Stevens seconded. Motion
passed unanimously.
TREASURER REPORT:
Mr. Cahill presented the Treasurer Report. The ending balance as of October 31, 2007
was $749666.46. The Treasurer report was submitted for audit.
EXECUTIVE DIRECTOR REPORT:
TENTH AND SPRING ST.:
Mr. Samuel reported that he, Mr. Allan Muncy, Representative Stemler, and Mr. Cahill
went to Indianapolis to talk about the environmental review of Tenth and Spring St. Due
to the report Mr. Muncy would like to purchase the entire property. Mr. Wes Johnson is
still interested and said he would make his decision after the environmental drilling is
complete.
Mr. Samuel has asked Mr. Cahill to be the spokesman and negotiator for the
Redevelopment Commission.
A motion was made by Ms. Farrell to have Mr. Cahill send a letter to Mr. Johnson
demanding a closing date beheld before the end of the business day on November 30,
2007. Mr. Stevens seconded. Motion passed unanimously.
REVOLVING LOAN POLICY:
Mr. Cahill presented the Revolving Loan Policy. This policy is in regards to the loans
established by the Revolving Loan Committee. Mr. Cahill also presented two letters that
have been sent to the two clients that have been given loans and are not making their
payments.
Mr. Williams made a motion to request that the city attorney send a certified demand
letter to the clients in ai7•ears. Ms. Farrell seconded. Motion passed unanimously.
STAIRWAY TO SECOND STREET BRIDGE:
Mr. Cahill reported that a stair~~~ay to The Second Street Bridge be built to help foot
traffic on the L~ridg~._VIr. Cahill saiu that since this in the Urban Enterprise Zone they
would be able to build it.
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PLAQUE FOR CITY HALL BUILDING:
Mayor Waiz has requested that the Redevelopment Commission purchase a plaque for
the City Hall Building. The total cost of the plaque would be $3,612.00. Ms. Farrell
made a motion to approve the cost of the City Hall Plaque of $3,612.00. Mr. Stevens
seconded. Motion passed unanimously.
ADJOL7RNMENT
Mr. Samuel asked for any additional business. Hearing none, Mr. Stevens made a motion
to adjourn the meeting. The Meeting was adjourned at 7:05 pm.
APPROVED:
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