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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. 2 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. 3 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: 1 [1 4