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") ("Pomp and Circumstance") ("Pomp and Circumstance") ("Pomp and Circumstance") ("Pomp and Circumstance") ("Pomp and Circumstance") ("Pomp and Circumstance") ("Pomp and Circumstance") ("Pomp and Circumstance")