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