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.