- Let me call this meeting of the new county redevelopment commission to order on march 26 2025
- Commissioner martin yes commissioner cassidy president commissioner mccarty yes commissioner
- talker present we have three voting members and one non-voting member present so we have a quorum
- all right how you do you want to proceed with these reports do you want to present them
- i think we will let uh present the financial solutions group group present them i would ask
- tsc if you could i'm trying to log into this so if you could log me into the meeting and then give
- me the ability to share that way i can try to keep up with him as he moves along so the
- people at home can follow you promote charlie as well
- uh
- you've been made a presenter
- good afternoon this is charlie can you guys hear me
- just fine all right can i share my screen is that possible or or jeff will you
- do that um if you if they can give you the ability i seem to be having trouble getting
- in all right how about that can you see my screen it should show the curry profile tiff district
- report yes okay perfect i'll start with that one if that's okay and we'll just go through
- these um alphabetically and i'll kind of hit the highlights and if um anybody has a question or
- wants to go into more detail uh we can do that okay so um curry profile we did on the old ge
- property um is basically what that area entails um and if we go to page three we've got a little
- bit of a summary here um we authorized six million one hundred and seventy five thousand of tiff
- bonds
- um to help finance the project there um this unfortunately kind of got caught up in the time
- of covid and there were some other delays there and really there hasn't been a lot of new
- development
- there and the developer has only drawn a hundred and three thousand two hundred dollars on that tiff
- bond so we authorized over six million they they didn't draw that um we've started to pay that back
- because there has been some tiff revenue there and we have about fifty two thousand dollars
- left to pay on the bonds so if we um i'll go to that um here's our debt service schedule
- it's two and a half percent the bonds were issued in 2018 um fifty two thousand is what's remaining
- we'll we pay that as much pay that down as much as we can um with the tiff revenue that does come
- in
- and we do pay interest on those bonds and i'll skip to this page this is our cash flow
- all the tiff revenue goes into the county fund 4934 so we've gotten about twenty five thousand
- dollars um in 23 and 24 for tiff revenue and then the the claims there the majority of that
- is for debt service on the bonds so we've got a five thousand dollar balance we've kind of said
- that's our minimum that we want to keep in there just in case we have some expenses we don't expect
- and then i'll go down you can see the assessed value in 22 it was a million 480 that we captured
- just about the same in 23 and 24 and we've had a little bit of growth in 25 so almost three million
- dollars of assessed value um captured for 25 that's going to bring in based on the 25 tax rate
- about
- forty six thousand dollars so probably not enough to pay the bonds off totally but we're going to
- be real close to getting those paid off if not in 25 then in 26 so that's kind of the highlights on
- curry profile are there any questions on that report yes once we pay off this bond
- there is nothing else planned in terms of improvements so any collections we would
- get would then become excess probably because there's no plan for them so does it make sense
- to pay off this bond or keep this bond open for a while give us some options for using the accumulating
- tiff revenue on other projects like curry pike that is a great question um and part of it would
- be up to the developer so they they own the bond and they could draw on it if there was something
- going on out there but i i do think what you said makes the most sense to pay this off and then
- the rdc could decide if you would keep it open and we would have to make sure that the
- authorizing documents allow for the money to be spent on those other projects so you know that
- that would be the the discussion there and i think the developer we would want to include in those
- discussions to make sure what their project you know are they truly gone as far as they can go
- or want to go on that or you know what is their plan going forward i would say that unlike our
- west the west side tiff this this tiff would not end with when that bonds paid off right so in the
- west side tiff if we pay off the 2015 bond that kind of and if all the bonds are paid off then
- that tiff district would end and that's because it when it was established and then the rules
- changed
- prior to 2015 and then we had we issued a bond to to kind of set the life of that and that life is
- set with the same time period as that bond this one we could get rid of the bond and i would say
- i know the developer and i and this is no way trying to disparage the developer but in a
- hypothetical situation if you closed out the bond then there would be no ability to get the rest of
- that six million dollars out and in terms of projects and then you could add i'd have to
- relook at what's currently in that tiff but you could add certainly add that part of that curry
- pike project because it's right alongside of it to the tiff plan for the curry profile and
- then you could use the money for that i mean we could i guess my feeling is that if we're going
- we're going to get close to paying it off next year maybe we should look at you know the tiff
- plan and then maybe adding the curry profile to it to help fund that project is that a boundary
- extension or just a document extension as far as it would just be adding projects to to the current
- geographically it's surrounded by the by the website tiff so i don't think you could expand
- the boundaries of it but it would be adding projects to the to the list essentially that would have
- an
- overlapping ability to pay from two particular tips if necessary i think that i think for the most
- part
- most a lot of the curry pike you can say is physically connected or serves that property
- and so that's kind of the the benchmark i think if you get if you get south of third street that
- may
- become more of an issue or north and there's geographics where you it's it becomes harder
- to make that discussion but i think at least for that part that's close to that i think it's easily
- said to be connected to that project that's discussions needs to be had with the developer
- accordingly to how once we pay it off here a year and a half from paying i think once one i want
- and
- i think we can't have it with the developer but i think once the bond's paid off you don't have to
- right i mean given that they're the sole property owner for this tiff district it makes a lot of
- sense to keep them in the loop and make sure that they're comfortable with what we're doing
- so i'm not saying you shouldn't i'm just saying it's not necessarily a requirement it's a good idea
- is that good something of that nature if we look at it in the next
- two to five years does that assist the highway department in their budgeting for that
- that's that's basically we broke it into three segments to be able to afford it not put so much
- strength allocated it definitely helps everybody yeah because they're also alongside it and a
- beneficiary of in a way of those improvements right even though they're included in it i mean
- it's twofold i guess right they're they're part of it and there'd be the a beneficiary of of the
- improvements yeah at this present moment moving forward on that we know based on the financial
- analysis here we're a year around a year year and a half to get it paid off but that gives time to
- have discussions with the developer and then add projects in if need be so we can move forward
- move forward allocate right yeah and our highway department can determine if there's anything else
- that would serve this property as well that i can't think of any but you know it's you'd ever know
- and we don't have to worry about sun setting if it's paid correct okay we still yeah
- thank you
- all right any other questions on curry profile
- oh yeah one quick question on that when we say we only they've only drawn about 103 000 on that
- that's just the amount that we have that once we pay back the 103 that bond is closed well we in
- discussions with the with the property owner that that that is their desire is to get that paid off
- and then close out that bond that is what what they have requested from us and that 103 dollars
- or 103 000 essentially was the closing cost of the bond itself so none of that or if any of that it's
- very little went into actual projects and they did do quite a bit of work on the site
- well i mean legally assessed value increase yeah yeah increase shows that
- okay that sounds good let's move on to fullerton pike um same kind of thing you guys are familiar
- with our reports um there's a lot of information here i won't go through every page of that um
- this um this situation uh with our tax rate i do want to point that out that
- the tax rate has been declining for the last several years um and also point out that this
- particular area is in the Monroe county school district they've got two referendum tax rates
- that are included in the total but we do not get to capture those so um very steady decrease
- in in tax rate um which impacts our tiff revenue the second page here is our cash that we've got
- at the county level um it's fund 4922 um we've had a pretty consistent cash balance year to year
- on this one at the end of 24 we had just over 566 thousand dollars of tiff revenue in there
- we don't produce a lot of tiff out there right now it's been pretty steady at about 150 thousand
- but we do have a large bridge project um going on uh that we've funded some from our tiff
- but it's also you know the bulk of the funding has come from the county major bridge fund
- and then the county did a bond issue to to pay for um the remainder that we couldn't pay from cash
- so we would expect this 566 thousand plus whatever tiff revenue we bring in this year
- to go towards completing that big bridge project
- here's our assessed value that we've captured um like i said it's been pretty consistent
- and you can see that tax rate going down and um when we remove those referendum rates it's a it's
- really a very low tax rate that we capture out there so with that i'll wrap fullerton
- pike up and ask for any questions on that area okay um when i look at the analysis of cash and
- investments i look at mounted if settlement that grow across and i look at the historical assessed
- value and annual tax increment how come the tiff numbers don't match up sometimes they're close
- yeah and that's a great question we we get yeah we get some things we get some reimbursements back
- sometimes um and i think in that line um you can see for 24 we've got 16 000 reimbursements in
- there
- and i think we probably need to review 2023 and see if we didn't have something put into the wrong
- fund at the county level that we got create uh fixed in 2024 so we we need to pull the detail
- out because you're right that 23 to 24 doesn't look um normal on the tiff revenue and i'm
- wondering if because 24 is considerably higher whether we ended up with part of the 23 tax
- actually being deposited in the 24 calendar year yeah that's definitely what it looks like
- um and we'll look at that and make an amendment to this page as needed to to try to clarify that
- better okay all right yep that was my big question there
- there
- where is my list of
- uh
- i thought this i don't think this map is correct
- app is showing property north of fullerton pike is in this tiff and i didn't think this
- tiff had any property north of fullerton pike
- i think the answer to that is when it was initially conceived it did and then the city annexed the
- properties that are north of fullerton pike right so they're kind of in a limbo area where they are
- low area where they we can't collect from them i'll have to check the statute whether that removes
- them from the tiff or not and if it does we'll we'll mend the map but that that is those areas
- i know have been annexed yes that's what i thought they've been annexed is that the bill c brown
- property yeah that's what i thought just to clarify that we're not collecting revenues from that
- particular parcel at the present moment we need we're gonna have to check it could be no we
- shouldn't be okay the question is whether just because you're not whether that that means it's
- totally removed from the tiff area in which case we could remove it from our map or whether by some
- reason it's still in that tiff area in a tiff but it's no good to us non-revenue producing my
- assumption is that it gets removed and that we should take that off the map okay is that the the
- parcel under the bill c brown trustee okay so we're showing it right payable but it should not
- reflect next year right is that that property was annexed years ago okay okay so it's just a matter
- when we update we need to update the map assuming that it is excluded and i'll confirm that we just
- need to update that that's okay because we've got some parcels in our real estate name that are
- saved
- bill c brown and so the value of those is actually included in our assessed value so i think he
- does
- own some south of 46 as well or of fullerton pike as well so he is some of the i think some of this
- area he owns there must be the smaller properties given the kind of relatively small number
- that's right because they discussed putting the jail on that site one time yeah that's right that's
- right i just think this ought to get cleared up because we've got we have what two four six eight
- there are 12 properties listed but if i count the number of parcels that are below fullerton pipe
- i don't get that many
- you'd look at the two coincide
- okay which is exactly what their report says we ought to do yeah
- okay so we'll work with jeff and the auditor's office to make sure we get the parcel list
- updated and the map updated so that we reflect the current situation okay uh that's two down
- you want to do which one next one question just to make sure the revenue that's going in that'll go
- to the bridge project and that will be funded completely by the end of this year or will we
- have additional revenues that'll be having to be paid out in the future out of we will use
- and lisa can talk about the project but we will use revenue to pay some portion of the debt service
- on the bonds the county issued for the project so there there will be a commitment for future tiff
- revenue to some extent not for the full payment on the bonds but to to help satisfy those debt
- service payments annually and i would the bond documents indicate that the we would make sure
- that at least 50 percent of the tiff revenue is available for payment of that those we did a
- resolution to that account yeah and i think and yeah yeah yes at least 50 but the resolution that
- allows that means you could actually pay more if necessary or if you if the revenue increased
- and that way that would retire that cost and free up additional revenue in the future
- and i would just say that the the the tiff's portion of that bond payment is minuscule
- compared to with me i mean it's a pretty expensive bridge we're being helpful but in a minor way
- everything helps yeah so i don't i don't think you're you could end it early even if we gave 100 i
- guess yeah yeah okay what's next all right state road 46 and we'll go through this kind of the same
- way this is very similar to curry profile where we authorized a 4.5 million dollar bond but the
- developer has only drawn in this case 61 500 so again there's an idea there's a project out there
- the county wanted to assist the developer with that we've we've done so and since that time we've
- we've been in a holding pattern so we we're ready to go that there's also a large project out there
- we've built and here's our we're paying four percent on that so a thousand two thirty is
- interest every six months that we pay on the bonds our cash balance at the county level
- we've continued to grow that so we're up to almost 1.8 million at the end of 2024
- and that's to help pay for that big project that lisa has been planning out there
- well and maybe add a little more maybe add a little more context we had a conversation with
- steve krater today who is the developer they are planning they're still planning on doing the
- the roadway this year they are waiting for and they've been waiting for like nine to ten months
- on a what are called a lomar permit land of map revision
- oh he still anticipates getting that road with hunter valley completed this year
- okay but cannot move forward until he has a permit is a long process it's new in the
- last couple years um for fullerton pike phase three it took probably over a year to get that permit
- through idem so here is my question this says we've got a million seven hundred and eighty four
- thousand in the bank and if i look at estimated annual tax increment for this year through twenty
- twenty nine added to that one seven million seven i end up with three million roughly three million
- five hundred thousand dollars so where does how do we end up paying back four and a half million if
- we've only got three and a half million to work with so we if if we do put that money in or the
- developer puts that money in for the road the assumption is that new assess value new development
- will occur and that will increase the tif revenue so this we have not made any projections at this
- point in time on what those increases in assess value might be just because we we're not sure what
- the developer's plan was or how soon that that might happen because it'll take some time to get
- the road done and then it'll take even you know more time to get buildings built and then more
- time to get them assessed and and finally pay tax on on the new building so there there it is a
- long
- cycle to to increase those tif revenues so that that's the key and that the the bonds if i go back
- to that schedule the bonds were are outstanding see all the way to 2033 so that was the original we
- we would have to go back and maybe that's a discussion with the developer when we look at
- their build out that that may not be enough time to pay the bonds back and i i think jeff correct
- me if i'm wrong i think that is the end date on the on the area as of now yeah i think that's how
- we structured it and and i guess my my my response would be twofold one is the end of this tif is
- not
- in 2029 but my other would be you know that that was the deal going into it is that we would use
- the tiff we had available to make payments and if we could not make the payments and the developer
- was on the hook for any extra payments necessary so what's the motivation for steve to actually
- do this project if he's going to get stuck for a million dollar bill
- but one i think he's required to under the the pud that's in the area so he's required this road
- is a required build for him under that so even if he got reimbursed you know three out of the
- four million he still got three more million than he would if he if he didn't do it and the second
- is i i think there's ample time for there to be development that would push us from three million
- to four and a half um if and if the when when did you say the bond ended i'm sorry
- february of 23 33 sorry so yeah take another three years on this then you're up another million so
- you're at four and so that half a million dollar difference is is where you're really at because i
- think the repayment schedule goes until but i'm trying what i mean so we we put a jail on the new
- road we're building right but since that's a municipal thing it doesn't give us any money
- right and the question is where else he's been doing building on the south side we got a new one
- coming online soon for um yeah right um but he has shown really no interest in developing
- anything on the north side of there and i'm trying to figure out how we provide sufficient
- incentive
- for to actually do something there which would give us a considerable increase in assessed value
- particularly since this is going to end in 33 and that would effectively give us
- nine years of tiff money which is not very much for a big bond that would put in a lot of roads
- for example or a sewer system in that big open area part that he's got so i'm having trouble
- figuring out how this becomes a viable thing for him to really put his teeth into
- and i'm not steve i'm not him so i can't answer it but i think i would say that
- the roadway that's there currently has a sewer underneath it from the plant and so
- you know a lot of that infrastructure is there he has a lot of sunk costs into this area already
- because the this is the second time we've done a bond with him and the first one we didn't
- we couldn't he's currently going through amending the pud to make it more amenable
- develop and so i think there's a lot of other factors going on in there i also think that
- developing the land with or without now or in the future is always going to be his best
- it is going to be in his interest that's available to him
- why is the amount of tiff money we can put into the development of that area and i see us just
- losing opportunities as we go on here just as we have in the past and that's
- there's no way to incentivize accordingly because he's already bought the bonds and
- we're required to make the payments accordingly we just may not be able to and it's his
- at his at steve's jeopardy in regards to if it's unable then it's responsibility to take care of
- we've done everything well pretty much everything we can
- uh
- oh the the revenues that this tiff would typically have that would have had you know i think logan
- land development in there what kind of revenues are being lost in this now that we're under
- municipal ownership i don't i don't know off the top of my head i don't think it's undeveloped
- so it would be at a it wouldn't be at a huge success value yeah it will be a decrease in our
- overall revenues that have been produced over the period over the past periods oh yeah especially
- given the price which is now you know that's it that's the value of the land without improvement
- da that's going in is that going to be into a non-taxable situation or is that a taxable
- property itself my understanding and i i got i got this information from talking to one of the
- people who are also bidding on the project and apparent and according to him and i can't remember
- if it's him a kind of requires it to be taxable right so i i understand i think it would private
- owner leasing it to the va okay is that true is that actually true i didn't know that
- the private owner is leasing it back to the va that is my to the best of my knowledge yes
- kind of like pain enterprise has released it back to heavy tech and now they heavy tech owns it i
- the nursing training facility for the license ranch building for their own curry right that's
- yeah privately held yeah i think so the question we're trying to identify or try to identify as a
- matter of as we look in two years down the road from a assessed value situation we're trying to
- capture in the tiff prior to the sun setting that we have those revenues and will it be a non-taxable
- situation or not based upon the parcels that we have there approximately what between the
- arc and the new jail site were 100 plus acres right
- we're on the hook
- yeah thank you i would just say you're probably at more of 60 to 70 developer acres because a lot
- of
- that quarry park area is not developed yeah yeah i'm just looking at the aggregate amount yeah what
- what what revenue will we losing that will have that could have been put in it's i think the
- increment yeah jeff you got a good point but i think the increment on the improvements would be
- considerable if they were commercial properties i think that's what oh yes yeah and and that's
- where the question comes in okay how much are we losing out of that and you know if we go by the
- the schedule of the jail then you're looking on four years maybe maybe five things happen
- um that um would be kind of in my mind questionable in terms of um have a revenue successfully
- closing
- out the bond so the call we talked about splitting this district creating another tiff district
- which would be be able to extend that tiff district's life beyond
- what we would do what we did and charlie chime in wherever i'm mistaken but i think we would do the
- same process we did with the curry profile where we would carve it out of one tiff district and
- then
- create a new tiff's district um you would and when you do that it would have the the standard and i
- think of residential tiffs or 20 years maximum so that you'd have a 20 year tiff district for that
- right so i mean this point and you'd also want to do it for areas that hadn't been developed yet
- right because once the building's there you don't get increment on it if it's already existing
- so you would look at that and you could still carve that out and give it the whole new 20 year
- cycle i think commercial you can go up to 25 but but residential is a 20 year cycle
- add land that was not well i think we broached that before we could then add property so that one
- chunk
- which is uh
- originally could be added into a residential tiff correct at that point that's another
- yes
- questions about
- okay on to the biggie all right biggest for last we'll go to the west side
- and again i'll kind of skip through this
- we have this the same situation here we've had nice decreases in tax rates
- we do have a few parcels in this area that the city annexed that we do still get to capture our
- non-city part of the tax rate and that was we get to do that because we had bonds outstanding
- when the city did that annexation so we've we've got that we've got two bonds left 2020
- bonds that go out to 2039 and then we've got some 2015 bonds that also go out to 2039 so
- at that point that's when this west side tiff district will expire on those final
- payment dates for each of those bonds here's our combined debt service and in 2025 we're paying
- about almost 700,000 between the two bonds almost 2.4 million a tiff revenue so excellent coverage
- debt service coverage these bonds are backed by the county so that if there were to be a
- deficiency in the tiff revenue and we didn't have any other revenue to use for debt service
- we would levy a property tax to make up the difference so we want to make sure we we have
- cash to make our our bond payments we've got a lot of historical information here we have debt
- service reserves for both bond issues that are held by old national bank they're the trustee
- for the bonds so i've got some details there and then we've got the big county level tiff fund
- just like we looked at the the first three and historically we we've had a good cash balance here
- when we get to 2024 we really because we've got some large projects that we've been working on out
- there that balance went down to 347,000 at the end of 24 and we've spent some money primarily for
- the
- the lease payment on the new fire truck that's dropped that balance down in 25 to to 83,000 and
- we're really in a holding pattern there on spending until we get our june settlement of tiff
- revenue
- and then probably the other page to focus on is the cash flow page
- it's on page 26 and this has gotten to be very critical now because the cash balance has dipped
- down so we've got a 25 column here with our cash balance we've got our estimated tiff revenue we're
- going to get some federal funding in for part of the project we're finishing then we've got our
- expenses our two bond payments our stem payment fire truck lease and then the the projects that
- lease is working on and i think that the discussion we had after we sent this draft report out and
- i
- think lisa referenced this earlier would be we we would move back the starting point for curry pike
- and not started in 25 move that back to 26 so that we can make sure we've got a comfortable
- cash balance at the end of 25 so if we take that 650 out we should be over a million dollars
- of cash balance at the end of 25 which would be much better in the overall scheme of things
- because you you don't know what expenses might come up or a big taxpayer doesn't make their
- property tax payment we have a delay in tiff revenues so we're glad that that lisa has been
- able to accommodate that so those are the highlights i think on west side so any questions on that
- on
- those items what i'm hearing is we're trying to build back up our reserves in order to make sure
- that we have the cover debt service coverage that's necessary in order to meet the financial
- requirements of the and you know that's that's right um we we have a fully funded debt service
- reserve for each one of those that are i don't show those in the county fund balance so we do have
- an additional um one year of debt and we would not ever want to hit that reserve but we have that
- there and the way the bond documents are set up is when we bring our tiff revenue in
- the first set aside goes to those bond payments so um realistically i think we you know if we had a
- problem we would probably be back to um lisa and say what else is there anything else we can delay
- or um not do if if we if we came down to that but by moving curry pike back at least that helps us
- bring back the cash balance just so we have a little more cushion if if there is something that
- happens um you know i think the the biggest thing would be if a big taxpayer
- delayed their payment or um you know we've seen that happen where they
- well you know a lot of these big companies have tax departments somewhere else in the u.s and so
- the
- they mail their payment and we don't get it for 30 days late or something like that so
- it's more of a timing delay than anything
- anyway it goes we're not in any jeopardy by the balance being down to where it is
- correct reserve situation that's sitting there okay correct that's that's good point yes
- and i would say that that's not to be comfortable with where we're at
- no it's just if we've got the backstop so if someone fails to follow through in the timely
- manner we're still okay yeah for now yeah and i guess not to be too doom and gloom but our
- agreements with ellisville for the fire truck and for the stem payments all have provisions in it
- that says if we are unable to meet our bond payments and this the bond payments have priorities so
- yeah i want to avoid exercising those clauses and and our complete backstop is an additional
- property tax levy correct okay so we're moving the 650 000 to 26 750 000 to 27
- which by then will be considerably more
- problem with delaying is it cost more it is it is but that also helps us that curry pike has
- drainage structures has sidewalks it has curbs it has a lot of infrastructure that needs replaced
- gives us time to develop to develop a good project and helps get the cash back
- we eliminated that we worked with the railroad and we doubt the price on that was extreme
- and we also um i want to throw out there if there is an emergency or anything i still have funds
- that i'm holding back in the local rodent street they'll have that as a backup so
- other projects to get the ones we got going get completed then there will always be a little extra
- cost um correct right now knock on wood we do not have any change orders for the rental pipe
- um intermediate completion date is july and liberty drive trail we're getting ready to do
- the punch list and walk through for that and that would have impact on the tiff
- we said do you have a sense of where we are cost-wise on material let's say at the uh the
- cross railroad crossing at vernal the new one and what's coming up with curry you know obviously
- don't have numbers but do you have a rough estimate from what you see on price of material and
- we usually get our benefit around here is we have to pay so we get good prices because they're
- competitive against each other not everybody has that luxury so what we usually estimate comes out
- really close to what the price that a lot of a lot of work i'm anxious to see how it comes out but
- again the last few years right on and the price that we get for hiring out some of our paving and
- everything super beneficial to Monroe County because five dollars a ton if we did it in-house
- and that's saving our equipment that's saving our labor to keep other projects going as mowing
- tree trimming everything else outside of paving because when we pave it's everyone paves everything
- else stops but being able to be that close to what the fob price is and hiring it out you can't
- beat
- it it's it's very like i said we have two great paving contractors that provide good quotes and
- bids and keep us in tact with our budget but that's great okay
- okay do we have anything else for charlie i guess the question i always asked
- ask ssg at this point is after reviewing all four of the of the tiff districts and looking through
- the reports do you see what would your recommendation be for the you know kind of june
- decision of the rdc as to whether there is any excess assessed value in any of the tiff districts
- we believe there is no excess assessed value we've we've got the cash committed and the
- the revenues for this year and then beyond and the west side's a
- good example we need every dollar we can get you know we've got plenty of projects we need to do
- i understand it this report has to go to the state is that correct we have to turn these in
- we give it to the county council and and then we and then the county council
- auditor puts it in the state system could we amend the west side
- page 26 to move the funds for the curry pike construction to the right by one year
- yes we can definitely do that and then i've got a couple of other
- corrections that we talked about earlier so we'll get a revised set of reports down to jeff
- this week still because we'd like to get those to the county council for their april meeting
- so last minute none oh charlie thank you very much all right thank you all have a good rest
- of the day thank you charlie could you guys give a motion that to submit these at as after the
- amendments to the county council i will move that we submit these reports as amended
- to the county council at its april meeting second
- you want me to call the roll yep call the roll please commissioner martin yes commissioner
- mccarty yes commissioner cassidy motion is approved three to zero next item on the agenda
- are the minutes for our february 19th meeting uh them in the packet of information
- actions or additions
- to approve is present
- there was second second i watched on cat since i wasn't here
- jeff would you call the roll i will but i will just note that lisa rich actually prepared these
- because i was at the late that's why they're that's why they look so good
- you want to do the ones for this month too i was just looking at his scribbles i can't do that
- commissioner martin yes commissioner mccarty yes commissioner cassidy yes motion is approved
- three oh and i will include that the future minutes should always be done by the highway
- department and next month's minutes just add that to our list okay claims uh we have claims this we
- have two claims this month uh one from terracon consultants for 868 dollars and 95 cents and the
- other one is our rbb csc stem payment for the fall of 2024 of 123,850 dollars and 61 cents
- for a total of 124 cents the um we're a little bit late on getting the rbb one done because
- we had to go back and adjust it for the spring payment that had been made and some
- finagling we had to do to get our money squared away last fall this is now correct
- and i would just note that this is actually being paid out of the general fund um through one of
- the auditor's office's lines and then the we're having you approve it for when settlement comes
- in we'll do a correction to put it into the 4920 west side tiff fund that will clean up the balance
- in all funds correct to correct one about the terracon it just looked like this was inspection
- for it it is it's for the msc wall that was constructed for the bernal pike
- uh do i have a motion for approval i'll make a motion to approve as presented
- second second for approval of the claims of uh terracon consultants for $868 and
- sc stem payment for the fall of 2024
- of 124 719 dollars and 56 cents commissioner martin yes commissioner mccarty yes commissioner
- cassidy yes motion is approved three to zero
- okay do we have any staff comments lisa um i don't i'm happy to answer any questions
- construction kind of slows down in the winter april 1st is the contractor's date that
- their time time uh the clock good i'm ready to uh i was driving through there the other day
- and i recalled hey we were here a few years ago and we had a opening of that part of the profile
- parkway and at the time i commented i wanted to get back to open up the bridge across the track
- well i am i am ready i think that'll i think it'll also make repair work on curry pike much easier
- to do um jeff anything else no i was just if i think i already expressed that we met with
- mr krider about hunter valley road and so we're eagerly awaiting for that project to be started
- and completed any more information about this jail thing happening not happening any kind of
- timeline
- idea well the timeline that i've seen has a opening in i think mid 2029 um i think the next
- i don't have the timeline off the top of my head but i certainly could email it to you the the
- timeline that's been shared with the council and commissioners on steps of when's when do we expect
- the next uh i think there are at least two more before they start bid documents
- they are currently working with departments and i mean i think the budget needs to be
- the project needs to fit the budget and right now it's a little bit over so i think that's
- something that needs to be worked out but i can get you the timeline i think 2029 is when it's
- anticipated to be done or it's more than a jail it's just as complex it is a justice center yes
- that's what i thought i'll make sure i got that terminology right because there's multiple more
- than just a jail correct it's going to have the courts and all the court related functions which
- would include the the jail okay i just i didn't think the parameters had changed i got nervous
- no no parameters have not changed i think a clerk right clerk moving where it's clerk
- the clerk of the courts the probation public defender prosecutor
- yes i'm sure i'm missing some but essentially anything that's in the justice building which
- has what a couple hundred employees i would say anything in the justice building in that block as
- well as uh most of the oh community corrections building um and i think we do have some justice
- staff and showers building um i 200 is low i would say just the sheriff's department and it's
- sheriff's department by itself is probably closer to 150 and then the others i i would say a total
- of probably 350 400 employees would be my guess little sheriff's department is planned to be out
- there also correct but we just call it the law and order complex
- uh
- just clarify from a time frame saying you'll email it accordingly but completion in 2029
- for everything jail will be prior to that or i i don't know i'm confused now the whole thing
- is supposed to be done in 2029 right the the justice i mean it's it's all one building right
- at this point with the design it's it's all one building so the whole thing is supposed to be
- open in 2029 whether they get the jail done earlier or not i don't know which one i i think
- it i think it's anticipated that the jail will take a little bit longer to actually construct
- than the rest of it but i don't know i'm i'm not a scheduler of construction so i'm not i'm not
- going to venture a guess on how they will manage that 2029 is okay i just assume i said the end of
- 2029 uh commissioner's comments pucker did you have anything comment thanks
- yeah just to latch on to that i've heard uh talk about possible commercial development uh in that
- area that would um support all those jobs and um and that came from one of the commissioners
- offline and at an event that uh this is um a possibility or it's being discussed i don't know
- which would help a little bit you know with what we discussed earlier in that in that district um
- i hope to see it because yeah you're basically moving a lot of the county seat into a new area
- um a lot of jobs a lot of people in that area so um interesting to see how it turns out
- the road extension i guess i mean i when i think about it just to clarify we're looking at
- that we're still waiting for the permit for that and then that's a it's a new permit it's a new
- permit right but they he still expects to have a complete pie year end is that that's that's pretty
- much what his goal what he said today because he uh he stated that he had applied for the permit
- it's been at least nine months so the problem with that permit is anytime it comes back to say a
- contractor or an engineering firm they make review of it they make comments they get back with idem
- idem in their process their their clock starts back at zero they're allotted another 60 or 90 days
- to get it back to that so it's a back and forth and that's what seems to take the
- the full year to get this permit he said he applied for it like nine months ago so
- and and we offer to you know i i'm happy to reach out to my contact at idem that i worked with
- with the fullerton pike and maybe he could see where it's at and what stage it's at but um
- it's holding up a lot of permits i have some federal aid projects that's going through the
- same process okay and it has to do with the floodplain basically and the rise that you do
- in a floodplain so if it if you're the way i understand it is if your build is going to
- change the rise at all within that floodplain and that would cause a map revision that has to
- go through this process okay okay circle back around on our residential tiff just so i can
- identify as we're we keep talking about them what is the procedural aspect that we would have to go
- through to actually make one is it the legal aspect through the commissioners bring it through
- redevelopment because you know we've talked about it but i'm trying to get my head around and just
- for the public as a whole how that functionality would actually work where would we start and how
- would that progress well i guess the start would we develop a plan right and then the plan would
- come to the redevelopment commission and the redevelopment would preliminary approve
- preliminarily approve that plan then it would need to be it would go to the county commissioners
- and
- the county plan commission the plan commission reviews it to determine whether it fits with the
- county planning documents the commissioners review it for a kind of a broader scope of whether it's
- a
- good idea but could also certainly include the interpretation of the the planning ordinance and
- then it would come back to the redevelopment commission for a public hearing and then at that
- public hearing you have a public or from the the public you would then make a decision whether to
- move forward or not so that's kind of the process uh it's uh i think we've done it in two to three
- months before um but i think we had a probably a pretty developed plan at that point started the
- meetings themselves take about two to three months because of all the bodies that have to look at
- it
- starting point of it is a private developer bringing something to us
- what body would start that process because this body could start that yeah this body could say
- here's the map here's what we want to do here we want to and depending on how detailed you
- want it to be we want to include at roads here here and here or we just want to do this initial
- road and we'll amend the plan later to include these others the more details the better of course
- because then it gives the commissioners and the plan commission more more information on on their
- decision process but it would start here whether a developer brings it to you or or this group on
- its own does it i don't think we've ever had well i'm pretty sure the folton pike tiff did
- not start with the developer the west side tiff did not start with the developer north park might
- have or not north park state road 46 corridor might have um curry profile started with a developer
- that's where starting as we pick the air an area that needs redeveloped essentially and it would
- start at this i'm just trying to identify as we talk about this there has to be some expectation
- that its development is actually possible going forward in the time frame of the tiff that we
- would be creating 20 year time frame right well and i wish charlie was still on here but i think
- there are options and i and i would defer to the people who set up these tips much more regularly
- than i do where the clock doesn't start ticking until a bond is issued and i'm guessing there's
- probably a time period there where you have to do it and or it starts clipping typically that's
- like
- a with a bond anticipation note they can only go up to five years so i i mean i guess my gut
- reaction
- is that you probably would have five years to get somebody to start working and then once you issue
- that bond that's when the the district would actually form but we ever got clear we've got
- clarification that a multi-family project actually can pay into a residential tiff so that and i
- think commercial as well commercial and yes so that would increase the increment amount that
- we could collect if a residential tiff was established okay it seems like that's about
- the only way you could get that done is if you have a view got to be all of it yeah it's got to
- be all of it and make it worthwhile well and it uh the other thing that it can do you can actually
- buy land
- if money to bond to buy land
- and
- and i think any tiff district you're allowed to to buy land or buildings and things like that
- body bought the nursing school building ironically called the pain building at the time
- and and and bought that as the redevelopment commission and then we worked with ivy tech to
- get it well yeah french lick has done that if we don't want a real estate yeah we signed that i
- signed the deed and it's now the lee mark oddly enough fitting thing to have finally gotten
- accomplished on those tiffs though if it's a mixed use area you could cut out the residential side
- and not tiff that but just tiff the commercial part of it correct you could that's kind of what
- you and i have talked about so in my understanding is commercial could be in there but then the
- residential would go back to the schools i think you could do that i i guess my my reaction it
- depends what you want to do with the increment right if you want to if you want to have a lot of
- maybe much more you know down payment assistance those types of programs you'd really want it all
- in one in the same tiff district if you if it's an infrastructure i mean i i would be curious
- with that idea what would happen if you tiff the whole thing but you said all the residential was
- the excess assessed value and you you did all your payments based upon the the commercial area so
- that it would still be in the tiff districts you could expect spend money on that but the the
- property
- tax would would not go to the the tiff district i think that that is probably a little complicated
- for people who haven't dealt with tiffs for a long time but as richard mentioned prior prior to
- that
- law slipping in at the bottom of another law a year ago the residential tiff was set up for
- economically underdeveloped areas correct to try to try to promote residential growth that was the
- way the law read uh it had to do the previous law had to do with the number of homes built in the
- township single-family residents built in the township for the average over the previous three
- years i don't think it really which which may be a correlation with economically depressed probably
- is but it but it doesn't it didn't say that on the face i think the the the issue and until the
- legislature clarified it was how do you pay for the cost of a tiff district if you if you only have
- single-family homes right that was always today because they've got a long lead time before it's
- built out and the assessed value is is a lot lower than a multi-family and you know that a 1 cap on
- your on your property taxes is a lot different than a 2 or 3 worked hard to give us a residential
- tiff and then took all the ability to actually make it work away
- where we start where we end and if it's it starts here and it ends here no pressure
- all we can do is help a little and i for instance the westside tiff that developer
- was ge right i'm not sure developers right word but that business when the westside tiff started
- they were redoing all their manufacturing equipment and i think maybe even doing some expansion
- so that's that was the the cash flow that started the whole westside tiff is that
- i did learn today that the that subdivision
- worth of the point has started to see development now it's been been there for 15 years and it's
- actually friday morning they're putting in the side path along right now tony fox took that over
- yeah we're happy the point right the point across from the point across from the point
- housing with the arpa money we looked at that site for affordable housing
- which is too far away from transportation and other kinds of infrastructure to make
- it make sense for affordable housing oh yeah it's far away yeah yeah
- okay uh with that i think we will call this meeting adjourned thank you all for coming thank you