- Okay, all right, let's go ahead and start
- Okay
- Okay, so are we ready to roll yeah, you want me to take a roll call. Yeah, let's go do a roll call
- All right, Commissioner Martin
- President
- Mr. Cassidy present Commissioner Kiesling here. Commissioner McCarty here Commissioner Jones
- We and Commissioner Tucker indicated to me he was not going to be able to make it tonight
- So we have all five voting members of the Redevelopment Commission present at this meeting
- outstanding
- Okay, please note who else is here like City Council and BDC. Oh, yes
- County County Council County Council Councilman Fido was here
- Jen pro from the BDC is here and Ashley from the auditor's office as well as Lisa Ridge and myself
- Jeff Cockrell. Yeah
- I just find it easier if we put put people's names down for who is here so we can go back and talk
- to them later
- If we need to or want to all right
- That's okay. We have the professor and Marianne
- Okay, all right, so we ready to
- Move forward then
- Should have received four different resolutions one for each of our
- tax increment finance districts
- And they're also in the packet. I did prepare a kind of a quick presentation
- To kind of just go through I did the
- The question is whether there is any excess assessed value in any of these TIF districts
- That pretty much means do we think we have too much funding coming in to cover what we're what's
- necessary
- These are state required findings
- so we do this annually I
- guess in
- The history of this we've never found that there was excess assessed value
- But I'm going to kind of go through a lot of this information is directly from our last meeting and
- our annual report
- so I don't think any of this will be earth-shattering, but I thought it would be great to have a
- Kind of a little presentation. Okay, Jeff, would you walk us through briefly the that definition of
- excess value?
- Excess assessed value, so excess assessed assessed value assessed value as you right. I think
- everybody knows is
- What we base tax bills on and your homes assessed value
- And there is a tax rate associated with that and then that tax rate
- multiplied the assessed value and I'm simplifying it because there's homestead credits and there's
- all kinds of there's tax payments and they're all kind of
- Things that can affect that but primarily that assessed value multiplied by your tax rate is your
- tax bill
- And so the TIF districts as a whole have an assessed value where you add up all the assessed
- Values of each individual parcel and that would be the TIF districts assessed value
- mm-hmm, and then that gets calculated into a tax rate and then that is the
- Gets on the tax bills and when they're paid collected the TIF district gets the portion of it that
- belongs to the TIF district
- So then the excess yeah an excess assessed value would be if you find that hey that
- Revenue is more than we need to do our operations in our business
- so we're collecting more than we want and so instead of collecting it and having the
- Redevelopment Commission and the TIF district kind of hold money
- They don't need the state has a mechanism where the the redevelopment Commission say hey, we don't
- need this
- extra assessed value
- please put it back and I think they they term it that way so that
- You know, you can't say we don't need the excess value and it just goes to the county or to a township
- or anything
- It would get distributed as as a property tax for for that area would be
- Westside TIF district for instance is
- Mostly in Richland Township. So Richland so it would have all those different
- tax rates associated with a piece of property in Richland Township and
- So it would get distributed that way
- Okay. Thank you. Thank you. I just wanted to yeah good background
- But the excess is something that hard for me to get my head around even after a couple years
- But thank you to be sure. Yes
- Want me to get on a soapbox. I will tell you that in the next couple years after Senate bill one
- I think there's going to be a lot of places in Indiana that are going to have to look at redeveloped
- commissions and this
- Excess excess value question. Yes
- I think that I think I think this whole process is going to gain an importance in the next five
- years that I don't think a
- Lot of us ever thought it would I have never read a fiscal note on a bill so many times
- until this
- Thank you
- So I'm gonna go through the resolution
- 2025 1 and it's can you go to the next page on?
- 20 is for the Westside TIF district
- At the beginning of the year, we had a cash balance of three hundred and forty seven thousand three
- hundred and sixteen dollars
- as you probably are where we've we've spent some of that in
- the stem steam payment to the RVB schools and
- I think I actually I think that one may be the one that the auditor picked up and we're going to
- have to correct
- After July 1 we have made a payment on one of the firetruck for Ellisville out of there
- So that that number is reduced from that amount
- as of today
- The recommended minimum cash balance in that fund is a million dollars. I think I think
- everybody on the RDC except for maybe mr. Jones understands what we went through last year with the
- vernal bike connector
- Road and the the the grant funding and the need to pay the upfront amount for that grant funding
- that occurred last year
- So this was kind of an anticipated low point for the for the Redevelopment Commission
- And we believe by the end of this year. We should be back close to that million dollar figure for
- our minimum cash balance
- so
- When we talk to the financial solutions group they get they're the ones the financial advisors who
- do our presentation of our annual reports
- They advised a recommended and recommended a finding of no excess SS value
- Misspelled assessed on this I
- Apologize
- So let's go on to the next page and you'll see that error throughout this presentation
- And and this is just kind of the budget that we approved with the west side TIF district
- This one's a little bit more complicated than than the rest of the the TIF district
- So I just wanted to show you kind of what we expect our expenditures over the next five years
- You'll see we have kind of reoccurring payments to
- Richland being blossom school for the stem project of two hundred and seventy thousand a year
- The else of a fire truck of just under five hundred thousand a year and then we've got some
- Curry Pike reconstruction and some other projects thrown in there, but kind of those are the two
- Kind of reoccurring one. The rest of them are a project by project and they will come and go
- on an annual basis
- Well, I guess you want to take questions by district or you want me to just go through them all and
- then ask questions at the end
- Some well, let's go through it by district instead of going all the way back
- After we're done. So let's so if anybody has any questions regarding this one
- When we're looking at our overall fiscal amount for the Westside TIF
- We want to get up to a million dollars based upon where we are as far as our fiscal
- Plan through 2029. Will we be able to hit that based on what we see from?
- Excess value
- To maintain that I think we'll be in good shape until
- 2028 and in 2028 we get about three and a half million dollars in projects that TIF district
- generally
- Collects about two million a year. So for this year, you know, we're low but we only have about a
- million in expenditure
- So we expect to be up to a million at the at the end of this year
- The next two years it looks like we'll probably grow that fund by about five hundred thousand a
- year
- So but then in 28 we have three and a half million dollars projects not doing the math off the top
- of my head
- I think that comes to real close to getting us back down to that million dollar figure
- but
- Should be able to maintain that
- That a situation as we look from project to project that we have to look based on SB 1 and where we
- look fiscally in
- The next few years that we have to potentially
- Trim the projects that we have on big or will that be something will be be able to be determined
- based on what our fiscal
- Well, I think there's two things as a factor in here and when we get to the Curry Pike
- District one of the things where we've discussed and discussed at the last meeting is maybe adding
- some of the Curry Pike
- Reconstruction project to that TIF district
- That isn't generating a lot of revenue at this point. Maybe in a couple years it might be
- But that would be one option and I think the other option is that you know for the
- Kind of other than number three and number four on this list
- I mean that those projects aren't set in stone as there's no federal grant funding that that is
- Dictating that schedule that schedules more dictated by what?
- revenues to do and I think
- Lisa always is good at finding one extra revenue and two she's got a couple other funds that if we
- get close
- could help support these projects and
- Based on where we're setting out on this fund of the prairie prairie reconstruction on a three-year
- basis that
- Fulfills the needs of the community and the schedule for the highway to be complete in the time
- frames
- That'll get us on a cycle where we're not basically the roads degrading to a point
- Now then making it happen over the next three years keeps it in the shape that it's
- Doesn't get to a point that it's devastated
- And that's what we're trying to stay ahead of it
- Kind of stay ahead of the game one. We'll probably start doing a little bit of engineering
- I had budgeted I believe two hundred thousand in the budget already in 2025
- Start to do just a little bit to make sure that we reconstruct it correctly
- We got a lot of stormwater infrastructure there in that first section
- We should have the plans and everything when we built curry pike, I think it was we did I was
- looking at old files
- I think we did the groundbreaking 90 or 92
- first phase of curry pike
- so it's it it's at the end of its lifecycle for the amount of traffic that it takes and
- You know, there's inflation out there that's hit a lot of the project
- So we did this as current as we could on the cost of what our projects are costing right now
- So and if we have to break it down into another segment to help make the need we can do that
- We're just trying to cautiously move forward so we can get the TIF back into
- Where it needs to be with the million-dollar balance
- Leading up to this year this past year. We knew we were going to be close
- I think we kind of almost took the gamble of not bonding because we really didn't want to
- And then we had my local road and street budget to kind of back it up and it has a little bit
- I think there's some that'll come back to it after we get distribution and make the corrections. I
- think there was
- a bond payment or something that was supposed to be paid out of the bonds and they were paid out of
- the West type TIF and
- So those adjustments will come this year
- but I
- Think you'll get back to your
- Your million to where you need to be
- Back to me where we are and still have the funding and the time frame in in order to get our public
- infrastructure
- All right, and we're not sure what will happen with Depmer, you know the trail we would love to
- finish that
- In 2016 that little piece was estimated at five hundred thousand as you can see it's now at a
- construction of 1.8
- so that's just
- We just don't have the funding at this time to really
- Set aside for that. So thank you. Appreciate it. Richard. Did you have anything?
- Yes, are we going to have any more expenses this year for the the bridge project over the railroad
- Whereas all that been now paid prepaid, etc
- So as of right now the deck was poured this week. So we are still looking at mid-august completion.
- I
- Do not have any outstanding change orders
- We paid our construction match when it started
- We have paid anything that's not
- Provided by the grant. We've paid that either out of what was appropriated already in the West Side
- Tiff or
- Again, we've used a little bit of local road and street money
- So at this time I do not have any
- Extra expense on that product. What about inspection?
- construction inspection we're still
- Under we're still within our budget on that within the contract
- Let me think that one got
- That one the construction inspection on that is not
- reimbursed, I don't think that was covered by a grant, but we appropriated but
- We said
- Indicated we were going to have to pay that okay. That's what I'm thinking because I have Fullerton
- Pike going on at the same time
- but we
- appropriated enough for
- That line to be paying for construction inspection services out of the West Side Tiff that was
- already appropriated
- Okay
- Okay, thank you a
- Quick question on
- The trail and curry pike are those included in the let's say the transportation improvement plan?
- Or is that when you look ahead is that something that's already on the future project?
- So curry is that part of they are not in they're not in the tip. Is that what you're asking? Yeah
- Yeah, no the the projects that we put in the tip
- run through the MPO and then they get later put into the step when it's federally funded so then
- that so you're at the
- Lower level of the say the local transportation improvement program
- Any of those run through our MPO? Okay, anything outside of that would run
- If it's not within the NPO just go straight into the step if it's federally funded
- And that but that's true of all tiff district
- Road improvement or street only if you're dealing with federal funds is it going to go into a tip?
- Okay, or the step?
- anything that's
- Locally funded we have a couple bridge projects that we don't have federal funds for it does not go
- into any
- tip or any step, okay
- Thank you. That helps. Okay. Any other questions on the West Side?
- We're gonna deal with these one at a time you want a motion for each one then
- Jeff I
- Think you could do a motion after each one if that's how we're going to do the discussion that
- would make the most sense
- So like to entertain a motion then for approval the West Side tips
- Make a motion that we prove resolution number
- 20 to 25 - oh one
- I
- Second and most has been cited
- This cock will call rule. Mr. Martin
- Yes
- Commissioner Cassidy. Yes
- Commissioner Kiesling. Yes, Mr. McCarty. Yes, Commissioner Jones
- Motion is approved five to zero. All right State Road 46
- State Road 46
- This is the one where we are currently have a bond outstanding was issued in 2021
- For the connection from State Road six or 46 to Arlington Drive based over the Hunter Valley. I
- Guess the gravel honey Hunter Valley Road was going to be there's going to be a bridge there and
- then that
- gravel part was going to be converted into
- basically the same style of road that goes up to that to Stout's Creek and so
- That bond has not been really utilized yet
- Although I will tell you today in my staff comment that I just got something this afternoon where
- they're starting to ask for
- reimbursements for funding that we'll look at at the next meeting but it's anticipated that that
- roadway will hopefully be either complete
- hopefully be completed this year depending on the
- Nomar
- Lomar, excuse me Lomar. They that sometimes the acronym is get too much
- But that is an estimated to be a four and a half million dollar road project
- The cash flow based upon the current assessed values in that TIF district will not cover a hundred
- percent of that at this point
- It's anticipated or it's hoped that something
- Some of a business or two will move into that area and then that will give us adequate revenue to
- cover those debt payments
- With the with the caveat that if they're not covered, then they're the developers responsibility to
- pay back. It doesn't go to any kind of
- property act back backed
- financing
- And again the financial solutions group advised that there was no excess assessed value at the last
- meeting
- Any any questions on just a bit just to verify from the general public in regards to it
- It's a four and a half million dollar project. There's been four and a half million dollars worth
- of bonds that have been drawn on it and it's
- Yeah, it's four and a half million dollars of bonding funder available to them
- They do not draw on those bonds until they've done some work and paid some bills
- As soon as that starts getting drawn down
- That's projected that there won't be enough revenue to cover that construction cost
- There won't be enough revenue to cover the repayment of those bonds without additional
- Assessed value being added to that which this road project is expected to to add that to add the
- additional
- development that will create excess
- Revenue into the bond but the county as a whole and the taxpayers don't have any liability for
- additional repayment
- Correct. The the only thing that's pledged to that is the revenues from this district
- That's this district develops. It will get more but a significant portion of the district has been
- taken out and will now be into non-taxable
- Area, okay
- Jeff this resolution is what number I don't have it
- 502 oh - okay should be in the packet behind
- I know I see it but it is
- Mixed up already. I
- Got it run front of me now and in looking at
- At those revenues future revenues
- This is where the
- the complexity comes in
- Because there's going to be a county government center
- located within that district
- And I think to you know kind of latch on to Randy's point
- Then how
- It's probably a crystal ball, but but how do we have a sense of how this is going to impact that
- That payment of that bond if a considerable amount of assessed value which
- You know, the value is grown exponentially once the deal is closed
- You
- Know, how do we cover that? I guess that's the or is it something we need to worry about
- Why I guess I guess I don't want to tell you not to worry
- I mean, it's good to talk about worry is kind of
- in my mind a little misplaced of a word because
- It doesn't it's not going to cost
- The Redevelopment Commission any more than they receive in revenue
- It's not going to cost taxpayers outside that district any more than
- Other than what the Redevelopment Commission collects in the increment
- The developer is also the property owner who who is selling the property
- and then and finally, I think
- Right now there is no
- Improvements on the property and there haven't been any improvements on the property since this
- district was founded in
- 2006 ish, so it's it's been out a while and it hadn't grown naturally so
- This district if my memory is correct ends around 2030. Mm-hmm. And so it's you know
- It's really time to get something
- Going there now. Now there is you mean it's not
- Incorrect to say that the the county's use of that property for a tax-exempt purpose
- Takes that property out of the pool of properties that would be available to have developed and
- increased the increment
- That's not an incorrect thing to say either. Yeah. Yeah, and I think that's the concern. Yeah
- Or me the last question I doubt if we have that particular is based upon the total acreage that we
- have and we're looking at increased
- Assessed value by bringing businesses in or anything that has a taxable base that can be paid after
- we take out the government
- Center and the correctional facility how many acres is actually left over that will have you know
- Approximately four years before this to district sunsets that could potentially
- increase
- tax base I
- Do not know that answer off the top of my head I
- would guess that if you're including the area the county bought for the quarry park, which in my
- mind is
- Not really developable. Maybe you could argue 2020 25 acres of it is though
- because it doesn't
- It's got to do with
- environmental constraints and things so we're taking approximately 53 acres out for the
- justice complex
- My guess is that there's that that total
- area was
- Probably close to 200 acres. I again. I don't know this off the top. I off top my head
- I it looks to me what that 53 is is probably
- At most a quarter of what would be remaining after that
- Now what I said about the quarry park and how some of it's not developed because of environmental
- There's other areas of that TIF district that aren't really developed because of how the land is,
- you know
- There's there's some of that. I mean, so it's not like
- That 25 percent is 25 percent of all the developmental land, but that would be of the area and
- That that kind of math as to what's develop or will not is one of the reasons
- I'm not working with the Plan Commission
- Because they have those kind of answers and they're just that I just don't know it
- That's fine. My main objective in regards to asking the question is the total overall acreage
- We approximately based on this being 2026. We sunset in 2030 over here is literally if we're
- looking for anything in an increased value
- That would go towards this TIF that then also helps pay for anything that difference a
- Infrastructure standpoint. We only have four years to get it done
- Otherwise we lose our increment and then if we bond it it will sunset in 2030
- is that a correct statement I
- And I can't remember. It's 2030 or 2031 or 2032. It's somewhere in that area and I think
- the other interesting is this is also the area we looked at for residential TIF and so, you know
- The non development of that area
- Because when you when you tip something
- You take the assessed value as it is the second you you put that in a TIF district
- so if you were going to do a residential TIF it not having any buildings on it is
- kind of
- You either want it not to have anything on it or what's on it to be really?
- Needing of redevelopment, right? So, you know, so that option is still open. I don't know. I'm not
- bond council
- I'm not financial advisor. I don't know how that would interplay with the the current debt and
- whether there was something you could do
- To kind of help with that or not. I just I just I'm guessing there is but I'm not sure what it
- would be
- That's fine. I just looking at the time frame
- We actually have to deal with if we're looking to capture any increment to take care of any public
- facilities
- And that window is shrinking in such a time frame that where we had talked previously about a
- residential TIF may not be the ability
- To actually do it do anything on that if we may sunset our TIF and then you know, we have what we
- have
- Go back to the other taxing entities when something gets built
- Okay
- Didn't I appreciate that. I hope my answer was clear. You did. Thank you
- Yes, any any other questions comments on that in the state road 46
- Did we get a motion on that one? We do not have a motion. I'll entertain a motion
- second
- Go ahead here
- Okay, okay, I thought Richard was saying something else
- Did Richard say yes, yeah Richard did you make the motion
- Yes, okay. I thought you had and then I seconded I seconded and then I thought I said something
- else. Okay, so
- Mr. Cockrell
- Commissioner Martin
- Yes
- Commissioner Cassidy. Yes, Commissioner Keesley. Yes, Commissioner McCarty. Yes, Commissioner Jones.
- Yes motion is approved five to zero
- Resolution on the Fullerton Pike tiff
- Fullerton Pike tiff
- This is we we
- We engaged in a bonding for this tiff district this that bonding included two different funding
- sources
- One is this tiff district. The other is the major bridge fund as part of the redevelopment's
- commitment. They
- Indicated that they were whole going to hold at least 50% of the revenues to pay towards that
- bonding I think it was
- Anticipated that the majority of the major bridge was going to have to deal with the majority of
- that anyway
- Just because of the revenues in this again, the Fullerton Pike tiff has one primary
- Taxpayer and that's the hospital and ever since its inception
- The concern has always be has been whether that hospital would go to a tax-exempt entity and if
- that did that would really
- Negatively affect the revenues in that tiff district
- so given that
- You have the recommendation from the financial advisor that there is no excess SS value, I guess
- you have questions
- Richard
- Does Richard have a question on Fullerton? Yes, we have committed 50% to the
- Fullerton Pike project
- We have not committed anything else at this time for the other 50 percent. Is that correct?
- That's correct
- Okay, and
- So I guess Lisa have you got anything in the works in that area in the next few years
- No, I do not
- Okay, so our options are to use the other 50% we can pick it into the bridge project as well
- the full and Pike project if we need to
- But it's we are at the point where
- the the accumulating excess
- That would not be used on that bridge project may in fact be excess funds. I
- Can spend because we don't have a product and find a way to spend it. That's not a problem
- Yeah, I I have projects that definitely could be done you could do
- Reconstruction on quite a bit of roadways that are within these TIF districts
- You know, there's other bridge projects and such and in that area. So I
- Would just add to what Lisa's saying that
- Patient
- Has kind of affected bridges and I can't I don't remember if they went so far with the major bridge
- fund as
- What we were hoping for so there was conversation this year about opening up the major bridge fund
- to be able to fund
- some of the more traditional kuhn bridge projects and
- So I think you know long term if they do that
- You know while we've only pledged fifty percent
- there's nothing that says you can't pay a higher dollar amount than fifty percent for that and if
- we could
- If that would free up a little even a little bit of funding for other bridge projects. I think that
- would be something that
- We probably make that request if that were to occur
- Yeah, absolutely
- You'd have to have somebody to support the bill
- I do know Allen County is the only county that has been successful and opening up their major
- bridge fund
- To be able to do fun
- So if you have a major bridge fund, you can only use the funds for a bridge over 200 feet in length
- After Fullerton Pikes built we should probably have nine bridges that fit to that. We have some
- under design that will probably fit that
- But Allen County was able to go through legislative and put in the Indiana code under the major
- bridge fund that they can use it for any
- size bridge
- But the but the cost of inflation of what these bridges are costing now the maintenance of them
- It would be a tremendous help to Monroe County if we could
- Try and figure out I'm not a political
- Legislative person. I don't know how to get a bill started. I don't know how you word it
- I don't know how you create it. I don't even know where you begin
- But it would be a huge benefit to Monroe County if we could get that
- in our direction, I think they're still unknown because in Senate bill one our
- Cune bridge and major bridge fund is part of that
- property tax levy
- So I don't know how the funding is what is going to move forward for Cune bridge or major bridge
- fund either
- I don't know how they're going to be affected
- So you say we ought to wait to see what the General Assembly does to us
- I think the Senate bill one is already done
- That's but I don't know how that works at your local level how it's distributed
- I know they have different rates on the Cune bridge and the major bridge
- Oh, yeah, I was in the frozen levy one's not that's really out of my normal day-to-day work. So I
- don't know
- How that funding is going to be affected?
- I think we all know that the Senate bill is going to affect up
- We all know that the Senate bill is going to affect our funding
- Yeah, and we all know that and so I think I think in my mind
- Along with that there was language that
- requires counties to do all the bridges in the county except for a very limited number of
- Items mostly if the county wasn't involved in design and hadn't accepted it
- Which we had always done because we have a Cune bridge fund
- but
- they've clarified a lot of things in there and so I'm
- So if you wanted to read a house bill 1461 that so
- It's always been understanding that a county no matter if it's in within the city
- If you have a Cune bridge that you maintain the bridges
- It was always known that the bridge definition included that it was over a 20-foot span
- Okay, so over the last year or two, there's been some
- Cities or towns to challenge that Indiana code because in that specific area it did not say
- 20-foot span so
- Some of the entities were coming back saying to the counties you are responsible for everything and
- within our
- Municipality including small culverts. Well, that's a huge impact on county. That's right
- So they did get house bill
- 1461 with that new language that Jeff's talking about that now it does specifically say that it has
- to be over a 20-foot span
- for it to be
- Maintained by the county. We did go to the state house and speak about
- Including that a county has to be involved in the in the design of that bridge for them to maintain
- it
- They did put that language in force. Otherwise, you know, you don't know what you're accepting out
- there
- so we
- We did work hard on
- House bill 1461
- For more clarification just not sure how the funding will move forward in that
- Do we have somebody in the county who's following that aside from you?
- Well, we we have been we
- We kind of got into the major bridge discussion probably more later than we could have we were very
- involved with I aches
- our
- County highway engineers and supervisor group. We had legislative meetings probably every other
- week. We were
- We had our representative from a IC Brian Hoff
- going there
- House bill 1461 could have you know come out a lot worse, but I think we
- Got some got some clarification in there that really helped counties not have to take over all the
- infrastructure
- Because it was leading also to I think it was Johnson County eliminated their kuhn bridge fund,
- right?
- So there's other counties that was starting to head that direction
- So that kind of puts fear into taking care of infrastructure in your bridges if everyone was going
- to start eliminating kuhn bridge funds
- so that's why they
- Really kind of put that more the clarification for the definition of a bridge in the house bill. So
- Local entities couldn't come back and tell the county and basically that they were in charge of
- Clarification good clarification. Yes whose responsibilities from a
- Loophole that was there and they closed and they were they were closing that loophole. So
- For clarification on regards to it if we were to help to enact some
- Legislation similar to Allen County in order to move things through. So Monroe County while we are
- number one
- Who and getting this?
- What would that do for the county in?
- Maintaining and repairing or replacing it would be huge
- Okay, it brings in twice the money that kuhn bridge at this point in time kuhn bridge brings in
- I
- Mean
- Major bridge fund brings in probably three million
- My staff that is
- Bridge crew, they're all paid their benefits are all paid out of kuhn bridge, which is probably
- over half the budget
- But I can't use major bridge fund for any any of that
- Opening that up you you could fund more bridges you could you know
- for an example
- That road bridge it's been under design. We were going to do it all locally for construction design
- right of way
- When we started out it was going to be at a cost of approximately seven hundred thousand dollars
- for construction. We felt like
- Given the time we could do that all locally now. We're at the time for construction. It's 1.8
- million. We can't afford to do that
- So actually I put it into a NOFA call with NDOT and it was actually awarded for construction in 2029
- But we will be shovel ready because we paid for design and right away locally at a hundred percent
- So if we can move it up we will because we contributed that much locally
- But it's just those kind of instances if we had major bridge fund to use
- Then maybe we we could have probably done it all locally
- Is this a situation where when we're looking at like Fullerton Pike and are having like 50% of
- assessed value
- Would that be something that we get actually as a redevelopment Commission utilize in?
- hiring someone to help go through that legislative process in order to because I know from a staff
- standpoint with
- County and such time and other items it can fall to the wayside because you guys are over
- Overworked and I did I did a lot of I did a lot of digging on how Allen County
- Succeeded in that they sent me a lot of the
- Descriptions on how they succeeded that I don't know if we fit any of those
- I think you could probably come up with some of those matching ideas
- but again, I did I I
- Was given all the steps on what how they used the factors to be able to do that
- so from from a fiscal standpoint, this is something we'd want to ask fs
- Fsg if that money could be utilized in that to try to move forward that so it opened up like that
- consulting consulting a consulting service
- In order to try to help
- Open that up so that we can take care of our existing bridges need replaced our maintenance
- And then I know at some point with everything that went through 69 there'll be items that will fall
- into the county's
- Responsibility. Yeah, that's the problem with that
- You know having the funding to maintain the things even after they're built
- So is that are you asking if you guys can get a lobbyist is that a?
- Consultant I well the county has a lobbyist and I they would work with Lisa in kind of helping
- present
- Kind of the issues with House Bill 1461 and this was part of that. I guess the
- the value I think that could be added is if they when they do something next year, maybe have a
- Redevelopment Commission member come in and talk to the legislature and produce testimony about hey
- These are the struggles we're seeing with our funding and we want to help these things
- You know, I think that's kind of the level of support. I think that we're
- we have we have it through Lisa and we have it through a few others, but the the louder or the
- bigger the voice may be
- More helpful as opposed to hiring another lobbyist to do work. That's already been done
- Yeah, I was unaware that we had a lobbyist for the county specifically
- So Lisa has a IC and their other affiliates been helpful at all. Yeah, they're they're great
- We we worked hard on 1461
- Major bridge was kind of not every county has made a bridge fund. So it wasn't really a hot topic
- for a lot and
- There's so much thrown into
- House bill and a lot of this is so over my head. I don't get involved in it, but
- House bill 1461 has a lot built into it. Actually
- they've even thrown in about township roads and township budgets and
- Using part of their funds to
- Maintain roads within their township. I
- I find that interesting. I don't even know what a township brings in
- But I actually I think it's Benton Township trustee, maybe Benton Michelle bright
- Touch base with me last week because she's aware that it's out there now
- It's quite a bit of road to worry to worry about
- But I told her it's a hundred thousand at a hundred and ten thousand dollars
- Average estimate to pave one mile of road. I don't think they bring in those kind of funds. No
- So there's just a lot in that House bill so that
- AIC and our group focused more on things that were in there and major bridge wasn't in there
- Because it dealt with community crossings and how that's changing
- So in Cune Bridge, there's just a lot of different
- Items in that House bill. So we really focused on that one. I was probably more of the one that
- wanted the major bridge
- Because I have a major bridge, so it's okay. It's probably just a different Avenue
- I'll have to go out, you know, they would support it in a heartbeat
- But it's just probably something if I really want to push it
- I'm gonna have to find a sponsor of the bill like that
- So I think you will get it pretty quickly because other counties are going to be needing it
- themselves
- I think the way inflation is yeah, and if you can have the major bridge, I think that the
- Fluctuation to use those funds should be available to us because they do nothing but stress that
- they want you to use all resources
- Locally before you know reaching out to other
- Assistants that's something that's sitting there that could be very utilized if you if we have
- access to it
- Well, I remember when I was on a county commissioner, there were some counties that had access to
- bridge funds
- But they weren't using it and they were told, you know
- Either you use it or you lose it because that's a good place to make good improvements on your
- roads
- Because if you don't have a good bridge
- Facility, you can't let the trucks through and a few other things that come to play at that point.
- So
- Good work. Thank you. I think we need to
- Personally, I think we need to continue this discussion and
- maybe lean in toward
- Getting that advice whether it's the Association of Indiana counties or whoever we should and in
- identify what needs to be done
- You know zero in on that
- And I'll tell you what from a broadband perspective as we see more and more
- People use it out in the country, you know, cuz I want them that you're gonna get some heavy-duty
- trucks FedEx
- Prime, you know ups even the US mail. Some of the bigger vans have been out in the country
- That's where a terror, you know, and they need bridges to cross
- Some of these places. So I think if we could zero in on that that would be great and find a use for
- that 50%
- Anyway, any anything else regarding resolution 25 20 25 - 0 3 it's just three and we have to do
- I moved up a proof
- Resolution 20 25 0 3. I'll second. I think that's
- Okay, please call the roll mr. Koppel mr. Martin
- Yes
- Commissioner Cassidy. Yes, Commissioner Keasley. Yes, Commissioner McCarty. Yes, Commissioner Jones
- Motion is approved 5 to 0 moving on to resolution 20 25 - 0 4. This is the curry profile
- and hopefully this will be the most straightforward. Yeah
- Much like the 46 quarter. We had issued a bond that hasn't been drawn down upon
- however, in this case, it's
- Intentional and that it won't be and the the person who has the bond is not intending to draw down
- on it because of issues
- That arose during the kovat pandemic
- They would appreciate it if we just paid off what was already
- Drawn down which was about $100,000 and we've been working towards that for the last year or so
- I think it'll be another couple years before it's all paid off. And then once that gets paid off
- we had a discussion last month about maybe you know, if if
- Clearly there's not a significant amount of funding going in there now if that changes and maybe
- that could do used to help offset some of
- the curry
- reconstruction costs
- But I think for right now, I think the goal is to get that bond paid off
- Get it extinguished and then reevaluate where we are
- Revenue standpoint after we've paid it off see where it's gonna be. Okay
- Any questions on on this resolution?
- I'll make a motion to approve resolution 25 - for
- Call the roll mr. Cockrell, mr. Martin
- Yeah
- Mr. Cassidy, yes, Commissioner Kiesling. Yes, Commissioner McCarty. Yes, Commissioner Jones
- Motion is approved five to zero
- Okay
- Minutes we did not have a meeting last month. Correct. And so we got the March
- It's that meeting but I did read the minutes. Thank you
- I
- This time will entertain any
- questions any
- Corrections anybody sees or even a motion the German
- Curry profile tiff
- You state the amount is that supposed to have a dollar sign in front of the six?
- It's a it's an editorial issue but
- Yeah
- Yes
- It looks that way. I
- just
- Reading people will not identify a system. No dollar dollars to be signed it
- So I'd like to have an editorial. Okay on that. That's the only thing I saw when I was reading I
- Think yeah
- It does look like six million slips of
- Bonds
- Trying to move approval of the minutes of the
- County Redevelopment Commission for March 26 2025 with the
- Addition of a dollar sign in front of the six under the Prairie profile kiff district. I second
- This cockle and call the roll Commissioner Martin
- Yes
- Mr. Cassidy. Yes, Commissioner Keasley
- Commissioner McCarty. Yes, Commissioner Jones
- Motion is approved five to zero. All right moving on to claims
- Yes, we have
- Kind of two sets of claims one for Butler Fairman and
- Sofit ink for sixteen thousand six hundred and ninety nine dollars and two cents and these are for
- the
- karst green greenway
- connector trail inspections
- and then we have a second set of claims for financial solutions groups and that was for the
- Preparation and presentation of the annual reports less at the last meeting
- for a total and that's for seventeen thousand four hundred dollars for a total of thirty four
- thousand ninety nine dollars and two cents
- Of approvals
- Second most has been approved and seconded. Mr. Cockrell, please call the roll. Commissioner Martin
- Commissioner Cassidy. Yes. Commissioner Kiesling. Yes. Commissioner McCarty. Yes. Commissioner
- Jones. Yes
- Motion is approved five to zero. Okay. Thank you
- right moving on to
- Let's get we have members of the public here when we
- if anybody like to make a comment before we move to staff
- On up
- I
- Just see everyone
- My name is Jen Pearl and I'm the president of the Bloomington Economic Development Corporation for
- those that aren't familiar
- We are a nonprofit that serves all of Monroe County in attracting and growing quality jobs to the
- community
- Talk Ben to your mic, please. I'm sorry fix your mics talking to the mic. Thank you
- Actually, this comment is just a follow-up on the discussion around SB one
- We published an article in The Herald Times a few weeks ago about tools that communities have to
- respond to revenue
- Deficits following the passage of SB one
- In terms of the economic development toolkit, there's really three things. It's attracting new
- Real property which is you know land and building growth in the community
- The second is business personal property above two million dollars
- based on the new
- Minimum de minimis, I guess you would say for personal property taxes. That's equipment for
- businesses
- and then finally is
- landing new residents that live inside of Monroe County, which is very critical given the possible
- shift from
- property taxes to
- local income taxes
- for making up revenue
- So the BDC stands ready to work alongside the county in trying to continue to attract and grow
- these opportunities here
- We published details on this in the Herald Times, but we're always happy to answer more questions
- and share information as needed
- All right, thank you Jen right running our signatures
- losing track
- Well, I appreciate everything you do at the BDC. I know they've been you've been very busy lately.
- So, thank you
- anyone else from the public
- We do have
- counselor was vital you have any
- Think so. I think I'm good. I haven't found anything that I didn't understand and that's a pretty
- good when I can go to a meeting
- like that
- So I'm going with that excellent, thank you and thank you for coming, okay
- staff comments
- Please if you want any project updates, I think the big one out there is Fullerton Pike
- We will be closing a section of that it went out today the news released for the last phase
- And then that is scheduled to open by August 4th for completion
- Probably be out there just finishing up things, but it'll be open for from
- High 69 to the
- New roundabout and phase two that was completed vernal pike again. The deck pour was done for that
- That's scheduled for mid-august
- completion and
- The karst trail that we had been working on they just are finishing up the punchless items there
- that extension and
- That's that's it of any other projects you need an update on
- First say that there will be
- Time when it opens for school bus traffic to start
- Traveling across that is that that's the target. Okay, because I think school starts like the fifth
- or sixth
- I think the six. Yeah something like yeah
- Close that those we're gonna make it
- We're going to make it. Yes
- Yeah, oh yeah, yeah your staff and the contractor out there at Fullerton Pike
- they seem to be doing an extremely good job of keeping things moving and
- When you start looking at it now
- Everybody is starting in that area to get excited because it will change the traffic patterns and
- give that east-west connector
- Which will be absolutely vital to the community. Yeah, they've done a really good job
- We have progress meetings every other week. We reach out to the public continuously
- We do door hangers out there
- We kept them we had an email listserv for the residents in the area
- So we really wanted to keep this one with a lot of communication. It's one of those projects love
- or hate it
- but I think it's
- Turned out well, I think people like it
- And I think a lot of the subdivisions will realize that it will eliminate that cut through traffic
- that they don't want
- Once it's opened
- So you have a lot going through?
- the
- Highlands to go to Rockport. I think they'll see that a lot of that will decrease
- Once once it's open so a good job. Appreciate it very much. Thank you. Great
- Okay, Jeff Cockrell anything I was just going to say that I
- This very afternoon. I got a reimbursement request for 162 thousand nine hundred and twenty dollars
- from Logan land development for the for the Hunter Valley extension
- clearly hadn't had time to go through it haven't had time to get to give it to the
- Highway Department to go through it. So it's not ready for your guys's to consume to look at
- tonight
- But just I think it's a sign that things are starting to move on that project, right?
- Wonderful that will be a great connector another great connector. So good. That's good news
- Okay
- Commissioner comments. So Richard, do you have any comments? Oh
- Good, thank you
- Thank you, thank you good work Lisa with all the
- Legislation and everything else. I know it's mind-boggling
- I've never spoke. I've never testified before so that was that was a new experience for me, but I'm
- sure
- Thank you, and we do have a new redevelopment commissioner Michael Jones, so welcome you have any
- Listening mode for a while. It's
- Say
- Due to the area but 10 years. I'm some of the
- Some of the projects as you talk about them. It still takes a second for it to click as to where
- exactly that's at but
- That's fine
- Learning curve steep at this point. So welcome board. Yes. Welcome. Glad to have you and we're glad
- to have a full convention
- so, thank you and
- Yeah, I think this is
- Been a very good meeting. I think that
- These resolutions come at a good time with you know, we have a lot of questions, but those are in
- the not-too-far future
- Not to fit. Thank so thank you very much. If there is nothing else
- Hope every adjourned
- ("Pomp and Circumstance")