- Let's go ahead and call this meeting to order. Jeff, you want to call the roll? Commissioner Martin?
- Present. Commissioner Keasley? Present. Commissioner Jones? Present. We have a quorum present. Are the
- L's coming? I don't recall if Colin said he was going to make it or not, but I have not heard from Randy.
- The thing we have in terms of business is this annual spending plan. You weren't here last year, but
- Eris and I have been through this once before. This is an annual event that we started last year, right?
- What, the first year? State legislature was good enough to give us this wonderful task. Wonderful task.
- That started last year.
- Do you want to go over what you've got here or what kind of questions? I mean I've had a couple of questions
- that I have but go ahead and present what we've got. And I use the same format that we used last year
- and this came from Barnes and Thordenburg put out a template and so this comes from their template.
- I actually kind of like how we've done it because it combines all the TIF districts into one document
- and kind of give us a
- the overall picture of what TIFFs are doing in the county, which is different than how we look at it
- at any other point of the year. And so the first section, debt payments, and I should say for all these
- numbers, except for the one with the asterisk, comes directly from the budgets that were submitted to
- the county council. So, you know, we have the two bonds in the Westside TIFF district,
- the 2015 bond and the principal and interest payments for the year, and the 2020 bond, principal and
- interest payments for the year. The Florida Pike Major Bridge Fund, right now we're letting the major
- bridge handle the payments for that. I will just note that we have authorized and pledged 50% of our
- revenues in the Florida Pike TIF, but those revenue sources are minuscule and compared to the
- to the major bridge fund. Where have we annotated that commitment in this report? Have we done it anywhere?
- We have not done that in this report, I do not believe. You think we should? I think we can. I guess
- my feeling is that it doesn't hurt to put it in here somewhere, but it also wouldn't be appropriate
- to say we're going to spend any money out of it. So as a spending plan item,
- I think it's not necessary. We'll try and find some other place for it. In the State Road 46 corridor
- TIF bond we actually have more than that appropriated but that's based upon the thought that the that
- the road would be done now and so the amortization had us already borrowing a lot more than we have.
- We did do a
- a letter of credit approval this year, so it will go up from the 2,400 that was in our annual report.
- So when I spoke with Financial Solutions Group, they thought the 20,000, while a high estimate, was
- much more accurate than the, I think it was 55,000 in the budget. So that's how that number came about.
- And the Curry TIF bond, that's the TIF district where we're trying to pay all we can to
- pay off the bond and that's the amount that's been appropriated for next year into that. So that is
- our total debt of $759,485. Item B is 270,000 that we give to Richland Bean Blossom Community School
- Corporation per year. And the 865 is the
- It's essentially going to be the total of every budgeted item other than the ones that have been enumerated
- separately. So these would be the things in our Westside TIFF engineering construction lines, including,
- and the project lines. So that's where that 865,000 comes from. Let's see. Under F.
- Everything I'm not mentioning is going to have a zero with it. So under F, that's where we place our
- support for the Eltsville Fire Department for the ladder truck, and that's $498,991. And then because
- I am an eternal optimist on L, or expenditure from proceeds of bonds, I've included the remaining portion of the
- State Road 46 corridor bond with the thought that we should have the Hunter Valley extension done next
- year. So that is, where is that located? That's going to be on an L? L, yes. Okay. All right. That would
- have a total of all those is $6,687,255. Okay. Other than that, it has.
- is the language that allows us to recognize that not all expenses next year have been, are all knowable.
- So if things come up, we may have to deviate from the plan. So it talks about that, but that's pretty
- much it. Okay. Simple enough. Plan is due at the end of November.
- So if you want to approve it tonight, we'll get it submitted. If you want to think about it for a month,
- well, that's fine too. I have a couple of formatting comments, but I think the content is, I'm satisfied
- with it. I think you got everything. What about, so if we,
- do put some money into getting started on Curry Pike work, early stuff. I mean, there's going to be
- some engineering work to start early and that's going to occur next year. I think it should occur. And
- I think what we have in the Westside TIF is an engineering and construction line that we will typically move
- transfer money into the Curry Pike line. And so that money that's in the engineering construction line
- is included. A portion of that. I think I don't see any reason why we're gonna have to do this twice.
- I think he's got everything there.
- Anybody else have any questions? I don't, I seem to follow it pretty well. What do we have to do, approve
- it or? Yes, we would have to approve it. I do have a recommendation. If we could, principal, P-A-L.
- I wonder if that's the original Barnes and Thornburg
- template. It is. I did not change that. All right. That's interesting. Okay. Our esteemed attorneys
- in Indianapolis. I love it. Oh, man. Okay. Other than that, it's very straightforward. Yeah. Okay.
- Do I have a motion to approve? I move. Second. I have a motion and a second to approve the 2026 Monroe
- County Redevelopment Commission Annual Spending Plan as presented and amended. Jeff, please call the
- roll. Commissioner Martin? Yes. Commissioner Kiesling? Yes. Commissioner Jones? Yes. Commissioner McCarty? Yes.
- double check and I do not see Commissioner Cassidy in the team's meeting. So motion is approved four
- to zero. Okay. Thank you, folks. All right. We're on to the late late arrival minutes. Since we have
- some time, does everybody have a copy of it? I make copies, but I can't. I don't have some copies. So
- we'll have I think we since these came so late in the day, we'll just defer these until next meeting.
- Okay, yes. Item four claims, we have no claims. I'm just happy we got the spending plan done a month
- early. And I also,
- thought the ribbon cutting for the Fort and Pike went really well. And I think Lisa deserves a lot of
- credit for making sure that went off as smoothly as it did. That was quite a crowd. That was good. I
- had a couple of good shots and sent it to my kids in other places in the world. I actually used the
- ridge today. Yeah, I did. Yeah, that's nice. Yeah. And it was good to get both of those projects
- completed and the ribbons cut and taken care of. That was really good. I couldn't get over how long
- it was. Until you drive it, you don't... It's just wow. Major projects. My whole family now knows how
- long that bridge is. Commissioners have any comments? Mike?
- Oh, look at that. Randy is finally here. Here just in time for us to get your comments at the end of
- the meeting. Perfect. I think my colleagues have done a fantastic job. Just to let you know, we reviewed
- the spending plan for 2026 and approved it. Okay.
- Do you have any staff comments you want to make at this point? The Fullerton Bridge is being utilized
- very well by traffic and community. As you see the kids walking back and forth to school, it's kind
- of rewarding. All of these years, my comments at the opening was, this first time I saw this was on
- a map for 1966. It's been that long.
- Eris, anything? Colin? No. Liz, did you want to make any comments? I know my family loves the new bridge.
- They just love it. It's out your way, isn't it? Yes, they love it. And I just want to make, I am going
- to make a presentation to the
- utility, the city of Bloomington utilities, utility service board, something and planning committee,
- uh, in next week, uh, on, uh, rural, uh, sewerage in Monroe County. Uh, this is an effort to try and
- get some dialogue and communication and potential cooperation regarding
- sewer services for some residential TIF that we don't have defined yet, but it's probably not possible
- without getting some CBU involvement in it because it's going to have to be close enough to town that
- it's either going to be one of the south central regional districts plants or CBU that would have to
- service it. And so we should start talking about this and thinking about this as
- service providers so that when and if we find a better opportunity, we've got some foothold with people
- to let them know what we're up against and what the kind of situation is now. So I'll be doing that
- presentation. I gave Jeff a kind of a synopsis of it. When I get it all finalized, I'll make sure that
- all the commissioners get a copy of it, since I'm doing it essentially as the president of the redevelopment.
- That'll be this coming Monday. I think it's on Monday at their meeting. October 20th. Right.
- That's my news. Anything else from anybody? Anybody online have a comment? Question? If not, I will
- take a motion to adjourn and this will be the record.
- That was you that mentioned. Iris, did you motion to adjourn? What'd you say? Did you move to adjourn?
- OK, we have a motion and a second. All in favor, please leave. I'm going to have to come in a few minutes later.