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Rich is not Megan. He's in Oklahoma. 00:00:02
Price. 00:00:05
Oh no, we are. 00:00:07
If it's green. 00:00:09
OK, we'll. 00:00:11
We will call the Redevelopment Commission meeting to order Theresa roll call please here. 00:00:14
Here. 00:00:25
Here. 00:00:26
Here. 00:00:28
All right. Let the record show we do have a quorum and our attorney board attorney is also present as well as staff Don Lot, so. 00:00:30
Before we get into our regular, I want to move something up on our agenda, the old business, our board bonds. 00:00:39
If we can, do we just do we need a motion or do we just sign them? Well, no, you need to sign them and the oath is on there so 00:00:45
everybody will. OK. 00:00:49
So please acknowledge if you would and sign. 00:00:54
The bond we don't have to recite the old dude. No. OK. 00:01:00
But it should be, so everybody should have there's. 00:01:04
I think I already signed mine, didn't I? 00:01:07
They're ready to take care of it, so we just need to sign ours and we're getting. 00:01:10
Sorry, I just wanted to get that housekeeping measure out of the way. 00:01:19
Thank you. 00:01:24
Yeah. So Rich, the only one that will need to have sound. All right, so first order of business approval of the minutes and I 00:01:26
don't know that we have a. 00:01:30
There's no claim this month. 00:01:39
I didn't see one. 00:01:44
There's what? I missed it. 00:01:45
So there's always a claim. He's always acclaimed this guy, you know, a lot bigger than it usually. Oh, whoa, I'll make the motion 00:01:48
to approve the minutes and the claim. Second motion to approve the February 20th, 2024 minutes and the claim from Youngland 00:01:58
Industry Track Second by Jeff. All those favor say aye aye. Motion carried. 00:02:07
Don, you're up. 00:02:18
Reports. 00:02:19
Brad, the reason that's more money is because he's had to deal with me more and hold my hand through this whole process. Well, and 00:02:23
you'll see too. There's yeah, there's a lot of things coming up here. So. So say a little prayer for Jesse. 00:02:30
Just for your all information, the funds, fund balances and budget status, you should have that in your packets. 00:02:39
So that's just for your information. 00:02:48
And then the other item I'll give real quickly is make my move. We have 4 movers now. We're one away from meeting that 00:02:50
intermediate go deficit. We've had eight accepted and as of yesterday, we had four. Now we have 7 offers. So it's starting to pick 00:02:58
up. I've actually got some correspondence back and forth with some folks that have some that decide not to move and some that are 00:03:06
very interested moving and some very interested in. 00:03:14
The small business. 00:03:23
I noticed as well. I don't know when I know you see them when we we go through it. 00:03:24
A lot more. 00:03:29
Not a lot. Many of them are interested in renting instead of. 00:03:31
Buying there's I have seen and I think it's just part of the have you noticed that? 00:03:36
Yeah, it's just interesting. 00:03:41
I mean, it's not, I'm just saying it's just, I think it's the trend of what we're going to see. It's just the next generation of. 00:03:44
Just a comment. I mean, I was going to say the only other comment I have is we have one lady had some conversations with her. She 00:03:52
decided not to, but that was because we didn't have mountains and that's just one thing. 00:03:58
We have knobs, not we have knobs. That's quite a mountain. 00:04:05
We got hollers there. There are things that I can do to help help and there are things that I cannot do to help. Was it molehills? 00:04:10
Is that what it is? I told her, I said, sorry, we don't have mountain. We do have small knobs and hills. So that's right. So just 00:04:16
curious, is there any kind of common theme regarding their activity or their profession or No, No, it's they're all over the 00:04:23
place. We, we even question. 00:04:29
You don't get to see it, but. 00:04:36
There's many times that we say one of them was a facility manager. Yeah. How do you do that remotely? Yeah, we question how it, 00:04:38
but they come back with follow up documentation of how it's anyway, yeah, there's no common like it's not all. 00:04:46
Technical based or computer, That's what I was kind of wondering if it was it's, it's, I think Brad, it's a wide range. It is, I 00:04:55
mean very diverse. It's very diverse. 00:05:00
And and Donna, I thought maybe we talked about this last time, but are we gonna have any of them maybe come talk to us? Yeah, we 00:05:06
did. If I could. I'll, I'll, I'll reach out and see. Yeah, but we don't wanna put them on the spot. But if they don't mind. No, 00:05:11
I'm, I'm, I'm be more happy. I don't exactly know how what that looks like, but I'd love to maybe just meet some of them and have 00:05:17
a conversation with. 00:05:23
With them here, their story, testimony, whatever, How, How? 00:05:29
Their move went and how it was to work with the group that we've partnered with all that. Would that be worth it like a photo op 00:05:35
and put a little painting the paper and talk about the program and. 00:05:41
Even if, even if they wanted to do it. I mean, some may say, well, I'll do it virtually. I don't want to come in. Yeah. I mean, 00:05:48
either way, I think Brad's point, yeah. No, I'll, I'll, I'll reach out and see how and if they don't want to come in, if you can 00:05:52
just get feedback, OK. 00:05:57
I think that would be helpful. 00:06:02
Because I'm like you, it's like, did it go OK? 00:06:04
Yeah. I mean, you know, I think there's some I look at there's some opportunities here as well. And one of the things that I don't 00:06:07
think you all see if it's in the backroom kind of on their on the website that they have, they have. 00:06:14
Accepted. Offered. 00:06:21
Pre approved. So there's there's a certain segment, there's about 100 or so folks that are pre approved. 00:06:24
In that queue. And so I think there's some opportunities, I mean, if we're looking potentially, you know, to focus on software or 00:06:31
focus on engineering or something like that. 00:06:36
We got like a database there you could pull from. Yeah, I mean, and, and, and it's sortable. So there's some opportunities. I've 00:06:43
just kind of started tinkering with it a little bit. So which probably would be dangerous, but I'll, I'll reach out to those 00:06:49
folks. We've got I think a couple more that are in the May. 00:06:55
Window to move so. 00:07:01
But it's. 00:07:03
And it's picking picking up. So that's all I have unless you have any other questions on. 00:07:06
Any other questions or? 00:07:11
OK. Does anyone here have public comments on items? I know you probably don't on the public comment side. OK, All right. 00:07:13
Old bit and we don't have old business. We took care of that. We do have a public hearing today that we advertise for, for the red 00:07:23
Wire TIFF. It's for the additional appropriation to allocate the $6 million in bond funding to the red Wire TIF for the Building 5 00:07:31
project, which is the which is the red Wire building that we're going to be constructing. Are we going to do that now? 00:07:38
Well, we OK, I mean, if we are, then I'll make a motion to. 00:07:46
We had intended to do. I think you have to what Brad's saying, you have to kind of pause this meeting. 00:07:50
So the procedure is we pause the regular agenda and open up the public hearing. So Brad, do you make a motion to that? Yeah, I'll 00:07:59
just make a motion that we pause the regular meeting and open up the public hearing. Is there a second, second, second by John, 00:08:07
all those favorite say aye, aye. All right. Meeting is regular meeting is suspended for a minute. And we'll we'll thank you. 00:08:14
Public Hearing Component Don Lop Director Operations and Planning This is for the Red Wire project, also known as Building 5. I'll 00:08:22
give a real brief overview. It's the construction of a 35,000 square foot facility. It is the house, the state-of-the-art 00:08:29
microgravity, payroll, payload development and space operations for Red Wire. Red Wire is a space development and research 00:08:37
company. 00:08:44
30,000 square feet to be leased by Red Wire Wire for the expansion of its Indiana operations. 5000 to be designated for Lab Space 00:08:52
and Redevelopment Commission and its partner Indiana University Southeast. I don't know if I have. 00:09:01
If there's ads or things that we all don't like. 00:09:14
I don't know. All right, well. 00:09:19
So I say I. 00:09:23
Thinking about it. 00:09:32
There you go. 00:09:34
Two-minute video top on that one red wire does. 00:09:46
This is kind of their. 00:09:49
Glad to see the revenues increased. 00:11:58
That's good. And they can pay their rent. They can pay their rent. 00:12:00
And all this in Greenville, IN. 00:12:06
Yeah, it seemed to be in your backyard. 00:12:08
I think 2 items of note is the is the partnership with Eli Lilly and the meniscus component. That's the, that is the component 00:12:13
that's really focused at the former tech shot and red wire and. 00:12:21
Just out of curiosity, Don, do you think there's there's security piece there? I saw the defense piece in there. 00:12:31
Was that from when? 00:12:37
Red Wire acquired Tech Shot because Tech Shot was more focused on that. I think there's a national security component definitely 00:12:40
that Red Wire is doing. And not to totally speak for them, but just in conversation. 00:12:46
And the presentations Rich has made, it seems to be that they're, you know, national security is also a sector that they're a big 00:12:53
component, a component in the purpose of the bond resolution that you have in front of you is for the construction of the 00:12:58
facility. 00:13:04
The build, operate, transfer. 00:13:10
Work on trying to narrow that number down. 00:13:14
And construction cost it is now we believe to offer as a recommendation to the Board and then to the county commissioners BOTA 00:13:18
that would be Max that contract at $9.6 million. 00:13:25
The redevelopment bond would be about a $5.4 million component of that ready funds is going to be about 4.2 is going to be 4.2 00:13:33
million. The bond payment is a red wire lease payment and the red wire any and any TIF revenues that are out of the new 00:13:41
reallocation area for red wire. 00:13:49
Economic Impact 64 indirect jobs and positions in the construction phase would be generated 400,004 or 44,000 in lit like the 00:13:59
other number. 00:14:05
How about 550,000 in sales tax? Is it something that's low? Yeah, compromise or? 00:14:13
Consolation operating phase once they're up and running, which my understanding is going to probably be first or second quarter of 00:14:21
20/20/25. Total job creation, 121 new jobs in Floyd County, 75 of Lowe's would be direct positions. 00:14:29
With an average wage of $55, county's average wage is 2496. 00:14:40
And the estimate income and property tax generated annually would be $976,000 from the project. 00:14:46
And then finally, kind of an overall impact of where the project is $13 million is in private investment. 00:14:56
Indirect private investment in the corridor so far as 38 million. 00:15:03
We're seeing that $7,000,000 in public grant funding through ready and EDA and the almost $3,000,000 from EDA was. 00:15:08
In part are because of Red Wire being the a partner with us and serving as a beneficiary. If they hadn't been a beneficiary we 00:15:18
wouldn't have received that grant again, 64 direct and indirect construction jobs, 121 direct and indirect operational jobs. I've 00:15:25
said the annual. 00:15:31
Annual income presented in something for the board. 00:15:38
In probably the last six weeks we've had three requests for information for businesses relocating to Noah Park. 00:15:43
And those are ones in biomedicine, life science, ones in green energy, and 1:00. 00:15:52
Is. 00:16:00
Something really neat. I can't think of it, I don't know. 00:16:06
Gosh, green energy. 00:16:09
There's a grain energy company. There's the. 00:16:11
A life science company A. 00:16:17
There's a second life science company. 00:16:19
Sorry, it has been. 00:16:21
An interesting week for me. 00:16:24
So that has potential for almost 200,000 or $200 million more in private investment at Nova Park. 00:16:26
So we are getting those requests. We're working with One Southern Indiana and putting those together and getting them back out. 00:16:34
We are ready in terms of getting. 00:16:42
A a push for marketing the lots to to the. 00:16:48
Commercial brokerage. 00:16:53
Side as well to get the word out for the launchers for sale so I. 00:16:55
You know, we're seeing some, some definitely some positive trends in the in the last I'd say. 00:17:00
Three months in terms, yeah, we've been on the radar. I know, I know. We're getting more requests for. 00:17:06
Utility information. 00:17:13
Just because we had a, as Dawn knows from the. 00:17:15
Georgetown side. So we'll provide sewer capacity information, water capacity. 00:17:18
So we're getting getting a lot of feelers, which is good. Where are we with gas? Are we still? That's a whole nother, yeah. 00:17:25
Actually came back with some real numbers, which is good that we did have a conversation with them. They're they're looking for a 00:17:33
contribution at 2.7 to run gas 2.7 million. 00:17:40
It was part of our ready request last week to the RDA. 00:17:48
We asked for 1.35. 00:17:55
Half of that. 00:17:58
The center point has. 00:18:02
We we have a. 00:18:06
We're trying to workout a meeting with their finance people in terms of what they would look at in terms of financing. And I think 00:18:08
the other component is we have some commercial developments that are wanting gas and I think I think there's got it, there's a 00:18:13
potential there. 00:18:18
Really kind of passing through possibly. 00:18:26
Our ability to bond to the private developer so that that they can help bring gas as a component of that so there's. 00:18:32
It's, there's some frameworks, yeah, there's been, there's been some significant interest for, for the commercial pieces not in 00:18:39
Nova Park, but. 00:18:44
Adjacent to Noble Park and. 00:18:50
Stymies another about $100 million in investment. So there's about 3 our, our, our pitch to the IDC and the RDA was there's about 00:18:54
3 million dollars, $300 million in private investment that's waiting for gas. 00:19:01
And so at one point, $1.3 million investment. 00:19:09
For that return. 00:19:14
I think would be. 00:19:16
Would serve the. 00:19:19
State and serve community. 00:19:21
Well, so. 00:19:24
But still working on that. 00:19:26
And just a side note, when are we supposed to hear again from when those are awarded those projects and monies and stuff And then 00:19:28
region gets the region date is April 11th, that's when they will find out how much money they receive. And then my understanding 00:19:35
is they're looking May, June in terms of projects. So opportunities I think for the board and I think it'd be, you know to reach 00:19:41
out to folks who. 00:19:48
You know, definitely reach out to Mr. Rush, who's on that work for as our representative. 00:19:56
And kind of, you know. 00:20:02
If you have a conversation with him, just kind of reiterate he's well aware of the need, but just. 00:20:04
I don't think that would be. 00:20:11
Brett, I do know that Don make a really fantastic presentation at on March the 22nd at City Hall presenting 3 projects and in the 00:20:15
afternoon they did a tour of the Edwardsville School. 00:20:23
And but we had really good turn out from them, good questions and all that. But so they, the board directors are going to the 00:20:31
other counties. I think they're going to Scott County, think it's April the 4th, but but they're going, they're hitting all the 00:20:38
counties to have the same kind of meeting presentations and then some some. 00:20:44
Tours of the of the of the projects and all that. But I feel really good about, about our, our three projects, you know? 00:20:52
As far as what we're asking, what the total cost of the project is and what our ask is, you know there are some that they're 00:21:02
asking for the majority of the cost. But and then Don you know he showed where private investment and all that. So I think we 00:21:07
really have have a good shot at getting this so. 00:21:13
Could I ask a couple questions? Can you go back one slide first on on the sales tax? 00:21:21
OK. At one time we looked at being becoming a regional. 00:21:30
Something oh certified technology yes and with that we could capture that sales tax at least a portion of that for. 00:21:35
Probably not in the because that's that 550,000 and with the construction, but I would say. 00:21:47
The. 00:21:55
The area, I mean, when we're talking about right there in that, that corridor, there's definitely 500 there. There's definitely 00:21:56
that ability through a certified tech part to collect at least that much in sales tax. 00:22:03
I mean. 00:22:10
Where are we on becoming certified? 00:22:12
We've, we have our application pretty well put together. We just need to reach back out to IEDC and have those conversations. How 00:22:15
that goes is IEDC takes it to the budget. 00:22:22
Is it the budget committee, the, the, the state budget committee and then they make the final recommendation on certified tech 00:22:29
parks. So they, they, there has been a real big push because they're going to more of these, uh. 00:22:35
Innovation development districts with these large things, I think that if you've heard about up and around Lebanon, you know, 00:22:42
multi thousands of acres push. But from the conversation that I begin with Corey Cochran and I think maybe I think Bob might we 00:22:48
were we were in there together that that they at the end of the day, IEDC seemed positive to they were they were very positive on 00:22:55
it. I mean, yeah. So I think it's worth pursuing. And then the other couple of points I want to add is and if you could talk about 00:23:01
the property tax. 00:23:07
That 976 that would be part of. 00:23:14
As part of the tip, is that correct? Part of that would be part of the tip, yeah. And the other thing is Don had mentioned about 00:23:18
we had received like three different inquiries and he and I talked. I think we, I think we need to develop a checklist. 00:23:25
You know, so that it's easier for us to determine whether or not they qualify for for what, what the what, what this committee, 00:23:32
you know, feels like, you know, the purpose and the scope of it is, you know, you know what I'm saying because I know the first 00:23:39
one exactly, exactly. So if there's a way that we could develop that score sheet and make it because the the acquires come to the 00:23:45
commissioners. 00:23:52
And. 00:23:59
You know, and anyway, I think we we need something like that to help us. 00:24:01
Help us make a decision, Bob. Can you get that out by the end of the day? 00:24:05
Today or tomorrow? 00:24:10
What we'll give you tomorrow. 00:24:12
Days almost half over there. 00:24:15
But if we could do that, that would be good. I agree. We do need, we do need something. 00:24:19
Because, you know, we vet them to a certain degree right now, you know, someone called and said we're just fixing crack gadgets. 00:24:24
It's like, right, you know. 00:24:29
I'm not trying to belittle that. 00:24:36
And some of them I'm worried about some of the environmentals. Yeah, well, that's another point because, you know, because we're 00:24:39
going to be close to a Regional Park and. 00:24:44
Yeah, because there are concerns you might have pretreatment programs. 00:24:52
There's other, there's other concerns. So what's that look like? Are we a couple of us need to work with? 00:24:55
I think maybe give Don and IA chance to like. 00:25:04
Give you the framework and then ask all of us to provide input. 00:25:11
OK. Does that sound good? Because we, we've kind of been sorta, I mean as they come along, we'll say, well. 00:25:15
Yeah. It needs to be a policy from you all in terms of reviewing it and saying, yeah, because I think it allows them to make 00:25:23
determinations. Is this something that we want? Because we've had, you know, I've had a couple folks, I didn't put them on the 00:25:28
three that. 00:25:33
Yeah, I don't know if they actually they're really like you said, they're not in that, that framework. I think that we're looking 00:25:39
for that have expressed like, oh, what's going on? So, you know, go through and talk to him. I'm actually there's a meeting I have 00:25:44
with one gentleman next week. 00:25:50
I don't know if it actually fits. Not the one guy that caught up. Oh, no, no, no. And then, yeah, there's a whole story after 00:25:57
hours on that guy. But but I guess right now in terms of that, we can do that. I think right now we just need to wait, wait. I 00:26:03
think we've got, we got to finish up our public comment. 00:26:08
Oh, I'm sorry. No, no, no, no, that's fine. It's it's part of this discussion. But yeah, what I'm hearing is there's some traction 00:26:16
being made here. There's traction. There's moving. We do need like people kind of know where we are now, what's going on, you 00:26:21
know? 00:26:25
Get a call about warehousing. It's like no. 00:26:31
We're not. Oh, really? Warehousing site, We're not. 00:26:33
No, that's not what we are. Sorry. 00:26:37
Do we have that in our bylaws or policy or whatever? I mean, I know we're saying that, but is it written down? That's what we need 00:26:40
to come up with. 00:26:43
Actually warehousing restrictions, their restrictions are in there, but not. 00:26:47
We need to tie down certain. 00:26:51
We have some restrictions on what, so can I ask one real quick question on a slide or two before? 00:26:54
You know, when it talks about, I guess the total price with a 9.6 million or whatever it is, I'm not a construction guy, but they 00:27:03
come in halfway. Oh, we got, you know, construction. You have change orders. That's my question. Wow, OK. 00:27:10
So I'm not going to come and say, OK, 12 and there's a contingency built in and and there's a whole breakdown. 00:27:18
Of how they arrive at that number. 00:27:26
Yeah, yeah, yeah. This is a little different animal than than the traditional. 00:27:30
You know, bid public works type of project this is actually they have a map, they have a guaranteed maximum and that's what we 00:27:36
factored all of our. 00:27:41
Numbers on on lease rates, bonding everything so that you know it's not going to go over that. 00:27:47
You can afford it, We can afford it. 00:27:54
So Speaking of that, you have. 00:27:59
Public hearing that you're in regarding the authorization of issuance of bonds of not to exceed $6 million, that's what's been 00:28:01
noticed and there's a resolution related to that. I think in your packet there is R3. But if there's any public, we should at 00:28:08
least make a call if there's any public that wants to be heard, appear and be heard on this appropriation. 00:28:15
To say. And there's the. 00:28:24
Yeah, it gets Feel free to speak, speak, speak in favor against. Just speak your mind. 00:28:28
If you can state your name for the record, I'm David Eppland. I am the Dean of School of Business at IU SE. I speak strongly in 00:28:35
favor of the proposal. One of the pieces I'm sure you saw in the presentation is that lab space would be provided for IU SE 00:28:42
students at the red Wire facility. And I'll just talk very, very briefly about some maybe indirect benefits that come from that. 00:28:50
After they graduate. So as these students get exposed to a company like Red Wire, they get exposed to that technology, to that lab 00:29:34
space would be available. There's also indirect benefits that would multiply over time when they start forming businesses and 00:29:41
again, the vast majority of them historically and I would expect to continue to do so right in our region. 00:29:47
I'm very much in favor of the proposal. Good. Thank you. Thanks. 00:29:53
Thank you. All right, seeing no other public present, Justin, can we get? 00:29:58
Close the meeting. So I make a motion to close the public hearing. Second, second by John. Any other discussion? All those favour 00:30:04
say aye, aye. Public hearing is closed and we will now reconvene our regular meeting. So I've assumed Justin, first item we need 00:30:12
to do is act on resolution #2024 dash O3. That would be helpful, yes. All right, so that resolution is is. 00:30:20
The purpose of it is to discuss how that $6 million in bond funding, what bond funding, what it would be used for, and it's 00:30:31
described within the resolution that it be used for building #5 at Nova Park, which is what we've been talking about the the Red 00:30:37
wire building. 00:30:43
So this. 00:30:52
This is act upon by us, correct? Yeah, you're authorizing the issuance of the. 00:30:54
For the construction. 00:31:01
For the construction of the building #5 yeah. And it's up to $6 million. This is the component done briefly hit before this on the 00:31:04
components of the funding. 00:31:08
But this up to $6 million, I think you mentioned 5.6 or something was anticipated, but yeah, the issuance is to. 00:31:13
Right, right to appropriate authorize the issuance of bonds up to $6 million. Yes, the next step after this is what? 00:31:23
Next step would be then tonight at the county commissioners meeting. Well there's an except for you all, which is the next item on 00:31:31
which is recommending the Sherman contract to the contract. There's a public hearing at the county commissioners tonight. 00:31:40
That deals with accepting of the contract and then setting up allocation areas and other items, other procedural items. 00:31:49
Then and this was a, this was our 8:00 phone call. Yeah, we had a long discussion on on the red wire component, you are serving as 00:32:00
the committee to the commissioners and the commissioners are the ones signing the documents because of the requirements of the 00:32:06
ready funding. 00:32:12
As the county being the lead agency. 00:32:19
For Edwardsville, which is going to be talked about here in a moment, you are the lead agency for that bot. So but but today is is 00:32:22
this bond. This starts the process with you all, then it goes to the county commissioners tonight and then at your 16th meeting 00:32:30
will be another set of public hearing for the allocation area. 00:32:38
So it's into place, the funding needed, yes, yeah, the very, the very first issue is this. 00:32:48
And then? 00:32:54
A motion to approve Resolution 2024, Dash 03. Is there a second? 00:32:56
Second, any further discussion, I will say that yeah, this, this is the mechanism to get the the funding needed in place to build 00:33:02
Building 5. 00:33:07
OK, any further discussion? 00:33:14
All those in favor say aye. 00:33:17
Aries so Don, I plan on being here tonight with you as well, so. 00:33:19
Just for support, sure. I mean, I think we'll need support, OK. 00:33:26
We definitely need support. I'll be there. All right, so the next item. 00:33:31
Under new business is the Building 5, Nova Park Building 5. 00:33:37
With Charmin for their guaranteed maximum price and what we're doing with this is we're recommending to the commissioners the 00:33:42
award the two shaman to enter into AVOT agreement with Sharman for a not to exceed price of whatever that was 9 million. 00:33:50
9,654,009 fifty 952 yeah 9,654,952 dollars. 00:34:01
Justin did how do we did that work Yeah correct yes so just. 00:34:08
In my own words is because it is confusing. The commissioners advertise the bot process we received they, they had people submit 00:34:12
their applications here and at one point towards the fall of last year you guys opened them, considered them. 00:34:20
And essentially entered into a scoping period with Shireman to come up with some acceptable terms. Now you're recommending that 00:34:30
the commissioners, because they started the process and they're dealing with the ready funds as Don said, you're recommending the 00:34:37
commissioners enter into a actual bot agreement, which we have a draft of. But you're not recommending them accept this agreement 00:34:45
as is you're recommending them complete this agreement that we have a draft of that we're into the scoping period, so. 00:34:52
The commissioners have a public hearing tonight that are actually accepting this recommendation and you're going to have a public 00:35:00
hearing on that tonight at six and that's been noticed. But today the Redevelopment Commission is just recommending the 00:35:07
commissioners enter into a bot agreement with technically it's called Nova Park Building 5, I think is the LLC or Shireman Group. 00:35:14
So we're recommending to the commissioners that they enter into the bot agreement with. 00:35:23
We'd entertain a motion to that effect. 00:35:28
So moved second. 00:35:31
Motion by Brad, sacked by John Any further discussion? So OK, so tonight that's what they're the commissioners will act on. Yeah, 00:35:34
so and, and it's helpful actually to do what Don said is that we have previously and this is a next agenda item but. 00:35:42
Suggested that that we enter into a bot agreement with a. 00:35:51
Mac on the Evansville School, on the Edwardsville School piece, we have a draft agreement. You'll see in the agenda item. We're 00:35:56
we're not, we have an update for it, but but that's it. But we're recommending the commissioners enter into that agreement with 00:36:01
Charming because we've done the vetting, if you will, for the commissioners. The commissioners appointed us when you notice that 00:36:06
and have everybody submit the materials to us. 00:36:11
OK, Yeah. 00:36:17
Any further discussion? 00:36:19
All those favor say aye aye. Motion carried. 00:36:20
All right. So on the Inverseville school, as Justin said, we do have a BOT agreement that was delivered to us on Friday, this past 00:36:24
Friday with Mac. We're just starting the review of that agreement. So we're not ready to act on it. Justin needs to review it, 00:36:30
provide any comments back. The intention would be to act on that in our April 16th meeting because we do have a meeting scheduled 00:36:37
for April 16th. And my goal is. 00:36:43
Just to be clear about it, we have two bot agreements now. One the commissioners we've just passed to recommend them enter into. 00:36:51
One we're going to enter into. We just received the Edwardsville on Friday midday's. 00:36:57
My goal is to kind of is to frankly look at both of those in comparison with some other bot agreements that I've entered into and 00:37:04
give comments at similar times for for the commissioners council as well as ours. So we because. 00:37:10
We're kind of on the same path now. 00:37:17
There we have both recently received, both bought draft agreements and now we need to. 00:37:19
Revise them and enter into final agreements, assuming that the commissioners approve selection what we just recommended to them. 00:37:25
So, yeah, so we'll have an update I'll get, I'll get that turned around to Don Bob with comments and then we'll get it to the 00:37:33
other side once we have a final version. And hopefully we can get a final version prior to or or get a good draft prior to the. 00:37:41
Meeting. 00:37:49
The 16th. 00:37:50
Does that make sense? 00:37:52
Yeah, OK. 00:37:54
Any other items on that? All right, done, you get it. The last two last really two quick items. One is some landscaping work in 00:37:57
Nova Park, which is on the backside. Well, it used to be the backside, but I guess they now have it has two front sides as 00:38:04
building 2 in terms of just there's what we did the landscaping wise in front with the rain garden going to do the same on the 00:38:11
back as well. Grant Line Nursery has. 00:38:18
A quote here for 25109. 00:38:27
$22,593.30 This is coming out of the remainder of the Southern Indiana tourism grant that we received for Nova Park. So we're just 00:38:30
requesting that approval for that to to get that project going. And the other is just the renewal of the pond. 00:38:40
Upon management agreement, yeah, maintenance agreement, that's 25. 00:38:55
2585 dollars. 00:39:00
Even, and that's a. 00:39:03
We have a line a line in 11. 00:39:08
Well, that. 00:39:11
We can take that so. 00:39:14
Landscape that was with Grant Line Nursery. 00:39:17
And I assume that. 00:39:21
County forces do the maintenance on that throughout the year. Some, yeah. 00:39:23
OK, sometimes. Sometimes it's the county forces. Sometimes. 00:39:30
The force in front of you, yeah, sometimes it's done out there. 00:39:35
What's the bond bond management agreement? It's there's. 00:39:39
It's not milkweed. It's it's it's just basically keep the algae. Yeah, that's what I thought was some kind. 00:39:46
There's an algae that. 00:39:52
And who takes care of that? That's Aqua Control. That company comes out and treats it. Yeah. 00:39:55
They've done it the bad or they've done it. They did. They did it last year, yeah. 00:40:03
So first motion or entertain a motion to approve a contract with Grant Line Nursery for landscape improvements at Building 2 of 00:40:08
Nova Park, Building $2295.33. 00:40:15
Second, Second by Jeff. Any other discussion? 00:40:22
Those favor say aye aye. 00:40:29
Motion carries. And the second item is the motion to approve the pond management contract at Nova Park with Aqua control. Is that 00:40:31
the name in the amount of $2585? Motion to approve. Motion by John. Is there a second, second, second by Jeff? Any other 00:40:38
discussion? 00:40:45
I was afraid to say aye aye sound like just an ongoing contract or one year, just an annual renewable. 00:40:52
Yeah, on the client. Yes, on the phone. 00:40:59
There, there may be. 00:41:03
At some point, once you get full development and flows, change to that pond. I don't know, let's see how it goes. 00:41:05
Because there's, there's aquatic, I mean there's fish and stuff in the. 00:41:12
There's not a frog. There's an Otter. There's an Otter. Otter. 00:41:18
Is that pond mostly just for aesthetic purposes, or is there some kind of actual use, water source or retention? 00:41:24
Yeah, because we've got the parking lots drained to it, and so it has a purpose. 00:41:33
It's not going anywhere. I mean, it's a it's aesthetics as well, yeah. 00:41:43
OK. Any other things for discussion, Don or no? No? 00:41:47
I would like to make one comment. Like I said, when Don did the presentation there on March 22nd, they did a really good job and 00:41:52
we talked about Edwardsville. 00:41:57
At the meeting of the RDA meeting the week before that, Brad, thank you. Were there at the meeting, they mentioned that Eli Lilly 00:42:04
was donating $150 million. Ninety million of that is going to be towards. 00:42:10
Blight remediation, OK. 00:42:17
And the other 60 is going to go towards arts and culture. 00:42:20
And so you look at it that we have and then the another opportunity is a safe room. So we have actually three opportunities to 00:42:24
fund the renovation of Edwardsville School. 00:42:29
If not the ready. 00:42:34
Than possibly the Eli Lilly grant and about that, maybe as a safe remind, Don, you did some investigating. 00:42:36
I'm not speaking at that as privileged, am I OK? 00:42:45
Those are three options, those three options. So they're really good probability that we can get this, we can get to the 00:42:48
renovated, you know so, but it's exciting, really exciting so. 00:42:53
Good. All right. Any other business that So our next meeting is on April 16th. Yeah, our next meeting is April 16th. I believe 00:42:59
it's at 10:00 AM. That's what I have in my calendar. So yeah, 10:00 AM and we'll have. 00:43:06
We'll have those items on red wire and. 00:43:14
Universal School at the same time, so we have both of those on our agenda. 00:43:18
Anything else? 00:43:23
Motion to adjourn. 00:43:24
Second thing about Jeff holds favor. Say aye aye. We're adjourned. 00:43:27
Thank you, Theresa. We had a copy of that. I don't want to stay here. Yeah. Hang around. So tonight. 00:43:31
Since the commissioners haven't seen that agreement, you know, we talked today to call. 00:43:41
I think the motion is to enter into an agreement with them is that we've selected them. We so enter into an agreement and we've 00:43:48
done, we've done this period where we've got it. 00:43:53
There to negotiate that agreement, we're recommending they enter the agreement. 00:43:59
And John, just so you're it's the commissioners are doing it. I don't need to overstep, but I have two bot agreements. 00:44:04
That are very similar quite frankly and I was using another one I've used in the past with something else and kind of just going 00:44:12
through all of them to see. 00:44:16
Changes, well, one of them is technically the commissioners, but I'm going to go ahead and I told Donna said, I'm going to make my 00:44:20
comments because I'm making comments to Mac and whatever and it'll just, and I'm going to send that to whoever. And if, if Rick or 00:44:25
whoever wants to review it and make additional changes, that's fine. But I just thought that made the most sense. And so we we did 00:44:31
basically just got both of them. 00:44:36
Everett School, Edwardsville School, one that we're doing. I just got the other one we got a little bit before, but we just got a 00:44:42
revision. Did I do that right? And so no, that's perfect. We're we're not confirmed that with Brad because that was my 00:44:48
understanding and that's that was the e-mail. I think you're copying. So hey, I saw it. Yeah, they're not actually approving the 00:44:53
contract. You're not entering into a contract. 00:44:59
You're directing staff, you're basically accepting our recommendation and asking for us to enter into a contract after this COVID, 00:45:04
right? 00:45:09
OK. 00:45:18
Good job. 00:45:21
Awesome, love it. 00:45:23
All right, Grandpa Bob. I know, right? My daughters found out she's pregnant. He's gonna be our first grandson. Yeah. We're so 00:45:26
excited. I know. We're like. 00:45:31
We're gonna spoil the house. 00:45:37
September 26. Yeah, it's not. It's my wife's mom's birthday as well, so we're kind of hoping. 00:45:39
So now you're thinking about what you're gonna be, you know, Grandpa, Granddad. 00:45:47
This other volume, whatever they want, that's good. 00:45:55
That's what I was telling you. 00:45:59
Yeah, right. It land on South. 00:46:05
OK. 00:46:12
Very good. Yeah. I would say as they get older and start. 00:46:12
Oh my gosh. 00:46:21
Oh, that's awesome. 00:46:24
In the world. 00:46:27
That is so cute. 00:46:32
That is magical. Absolutely. That is so cool. We're excited for those days. 00:46:36
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Rich is not Megan. He's in Oklahoma. 00:00:02
Price. 00:00:05
Oh no, we are. 00:00:07
If it's green. 00:00:09
OK, we'll. 00:00:11
We will call the Redevelopment Commission meeting to order Theresa roll call please here. 00:00:14
Here. 00:00:25
Here. 00:00:26
Here. 00:00:28
All right. Let the record show we do have a quorum and our attorney board attorney is also present as well as staff Don Lot, so. 00:00:30
Before we get into our regular, I want to move something up on our agenda, the old business, our board bonds. 00:00:39
If we can, do we just do we need a motion or do we just sign them? Well, no, you need to sign them and the oath is on there so 00:00:45
everybody will. OK. 00:00:49
So please acknowledge if you would and sign. 00:00:54
The bond we don't have to recite the old dude. No. OK. 00:01:00
But it should be, so everybody should have there's. 00:01:04
I think I already signed mine, didn't I? 00:01:07
They're ready to take care of it, so we just need to sign ours and we're getting. 00:01:10
Sorry, I just wanted to get that housekeeping measure out of the way. 00:01:19
Thank you. 00:01:24
Yeah. So Rich, the only one that will need to have sound. All right, so first order of business approval of the minutes and I 00:01:26
don't know that we have a. 00:01:30
There's no claim this month. 00:01:39
I didn't see one. 00:01:44
There's what? I missed it. 00:01:45
So there's always a claim. He's always acclaimed this guy, you know, a lot bigger than it usually. Oh, whoa, I'll make the motion 00:01:48
to approve the minutes and the claim. Second motion to approve the February 20th, 2024 minutes and the claim from Youngland 00:01:58
Industry Track Second by Jeff. All those favor say aye aye. Motion carried. 00:02:07
Don, you're up. 00:02:18
Reports. 00:02:19
Brad, the reason that's more money is because he's had to deal with me more and hold my hand through this whole process. Well, and 00:02:23
you'll see too. There's yeah, there's a lot of things coming up here. So. So say a little prayer for Jesse. 00:02:30
Just for your all information, the funds, fund balances and budget status, you should have that in your packets. 00:02:39
So that's just for your information. 00:02:48
And then the other item I'll give real quickly is make my move. We have 4 movers now. We're one away from meeting that 00:02:50
intermediate go deficit. We've had eight accepted and as of yesterday, we had four. Now we have 7 offers. So it's starting to pick 00:02:58
up. I've actually got some correspondence back and forth with some folks that have some that decide not to move and some that are 00:03:06
very interested moving and some very interested in. 00:03:14
The small business. 00:03:23
I noticed as well. I don't know when I know you see them when we we go through it. 00:03:24
A lot more. 00:03:29
Not a lot. Many of them are interested in renting instead of. 00:03:31
Buying there's I have seen and I think it's just part of the have you noticed that? 00:03:36
Yeah, it's just interesting. 00:03:41
I mean, it's not, I'm just saying it's just, I think it's the trend of what we're going to see. It's just the next generation of. 00:03:44
Just a comment. I mean, I was going to say the only other comment I have is we have one lady had some conversations with her. She 00:03:52
decided not to, but that was because we didn't have mountains and that's just one thing. 00:03:58
We have knobs, not we have knobs. That's quite a mountain. 00:04:05
We got hollers there. There are things that I can do to help help and there are things that I cannot do to help. Was it molehills? 00:04:10
Is that what it is? I told her, I said, sorry, we don't have mountain. We do have small knobs and hills. So that's right. So just 00:04:16
curious, is there any kind of common theme regarding their activity or their profession or No, No, it's they're all over the 00:04:23
place. We, we even question. 00:04:29
You don't get to see it, but. 00:04:36
There's many times that we say one of them was a facility manager. Yeah. How do you do that remotely? Yeah, we question how it, 00:04:38
but they come back with follow up documentation of how it's anyway, yeah, there's no common like it's not all. 00:04:46
Technical based or computer, That's what I was kind of wondering if it was it's, it's, I think Brad, it's a wide range. It is, I 00:04:55
mean very diverse. It's very diverse. 00:05:00
And and Donna, I thought maybe we talked about this last time, but are we gonna have any of them maybe come talk to us? Yeah, we 00:05:06
did. If I could. I'll, I'll, I'll reach out and see. Yeah, but we don't wanna put them on the spot. But if they don't mind. No, 00:05:11
I'm, I'm, I'm be more happy. I don't exactly know how what that looks like, but I'd love to maybe just meet some of them and have 00:05:17
a conversation with. 00:05:23
With them here, their story, testimony, whatever, How, How? 00:05:29
Their move went and how it was to work with the group that we've partnered with all that. Would that be worth it like a photo op 00:05:35
and put a little painting the paper and talk about the program and. 00:05:41
Even if, even if they wanted to do it. I mean, some may say, well, I'll do it virtually. I don't want to come in. Yeah. I mean, 00:05:48
either way, I think Brad's point, yeah. No, I'll, I'll, I'll reach out and see how and if they don't want to come in, if you can 00:05:52
just get feedback, OK. 00:05:57
I think that would be helpful. 00:06:02
Because I'm like you, it's like, did it go OK? 00:06:04
Yeah. I mean, you know, I think there's some I look at there's some opportunities here as well. And one of the things that I don't 00:06:07
think you all see if it's in the backroom kind of on their on the website that they have, they have. 00:06:14
Accepted. Offered. 00:06:21
Pre approved. So there's there's a certain segment, there's about 100 or so folks that are pre approved. 00:06:24
In that queue. And so I think there's some opportunities, I mean, if we're looking potentially, you know, to focus on software or 00:06:31
focus on engineering or something like that. 00:06:36
We got like a database there you could pull from. Yeah, I mean, and, and, and it's sortable. So there's some opportunities. I've 00:06:43
just kind of started tinkering with it a little bit. So which probably would be dangerous, but I'll, I'll reach out to those 00:06:49
folks. We've got I think a couple more that are in the May. 00:06:55
Window to move so. 00:07:01
But it's. 00:07:03
And it's picking picking up. So that's all I have unless you have any other questions on. 00:07:06
Any other questions or? 00:07:11
OK. Does anyone here have public comments on items? I know you probably don't on the public comment side. OK, All right. 00:07:13
Old bit and we don't have old business. We took care of that. We do have a public hearing today that we advertise for, for the red 00:07:23
Wire TIFF. It's for the additional appropriation to allocate the $6 million in bond funding to the red Wire TIF for the Building 5 00:07:31
project, which is the which is the red Wire building that we're going to be constructing. Are we going to do that now? 00:07:38
Well, we OK, I mean, if we are, then I'll make a motion to. 00:07:46
We had intended to do. I think you have to what Brad's saying, you have to kind of pause this meeting. 00:07:50
So the procedure is we pause the regular agenda and open up the public hearing. So Brad, do you make a motion to that? Yeah, I'll 00:07:59
just make a motion that we pause the regular meeting and open up the public hearing. Is there a second, second, second by John, 00:08:07
all those favorite say aye, aye. All right. Meeting is regular meeting is suspended for a minute. And we'll we'll thank you. 00:08:14
Public Hearing Component Don Lop Director Operations and Planning This is for the Red Wire project, also known as Building 5. I'll 00:08:22
give a real brief overview. It's the construction of a 35,000 square foot facility. It is the house, the state-of-the-art 00:08:29
microgravity, payroll, payload development and space operations for Red Wire. Red Wire is a space development and research 00:08:37
company. 00:08:44
30,000 square feet to be leased by Red Wire Wire for the expansion of its Indiana operations. 5000 to be designated for Lab Space 00:08:52
and Redevelopment Commission and its partner Indiana University Southeast. I don't know if I have. 00:09:01
If there's ads or things that we all don't like. 00:09:14
I don't know. All right, well. 00:09:19
So I say I. 00:09:23
Thinking about it. 00:09:32
There you go. 00:09:34
Two-minute video top on that one red wire does. 00:09:46
This is kind of their. 00:09:49
Glad to see the revenues increased. 00:11:58
That's good. And they can pay their rent. They can pay their rent. 00:12:00
And all this in Greenville, IN. 00:12:06
Yeah, it seemed to be in your backyard. 00:12:08
I think 2 items of note is the is the partnership with Eli Lilly and the meniscus component. That's the, that is the component 00:12:13
that's really focused at the former tech shot and red wire and. 00:12:21
Just out of curiosity, Don, do you think there's there's security piece there? I saw the defense piece in there. 00:12:31
Was that from when? 00:12:37
Red Wire acquired Tech Shot because Tech Shot was more focused on that. I think there's a national security component definitely 00:12:40
that Red Wire is doing. And not to totally speak for them, but just in conversation. 00:12:46
And the presentations Rich has made, it seems to be that they're, you know, national security is also a sector that they're a big 00:12:53
component, a component in the purpose of the bond resolution that you have in front of you is for the construction of the 00:12:58
facility. 00:13:04
The build, operate, transfer. 00:13:10
Work on trying to narrow that number down. 00:13:14
And construction cost it is now we believe to offer as a recommendation to the Board and then to the county commissioners BOTA 00:13:18
that would be Max that contract at $9.6 million. 00:13:25
The redevelopment bond would be about a $5.4 million component of that ready funds is going to be about 4.2 is going to be 4.2 00:13:33
million. The bond payment is a red wire lease payment and the red wire any and any TIF revenues that are out of the new 00:13:41
reallocation area for red wire. 00:13:49
Economic Impact 64 indirect jobs and positions in the construction phase would be generated 400,004 or 44,000 in lit like the 00:13:59
other number. 00:14:05
How about 550,000 in sales tax? Is it something that's low? Yeah, compromise or? 00:14:13
Consolation operating phase once they're up and running, which my understanding is going to probably be first or second quarter of 00:14:21
20/20/25. Total job creation, 121 new jobs in Floyd County, 75 of Lowe's would be direct positions. 00:14:29
With an average wage of $55, county's average wage is 2496. 00:14:40
And the estimate income and property tax generated annually would be $976,000 from the project. 00:14:46
And then finally, kind of an overall impact of where the project is $13 million is in private investment. 00:14:56
Indirect private investment in the corridor so far as 38 million. 00:15:03
We're seeing that $7,000,000 in public grant funding through ready and EDA and the almost $3,000,000 from EDA was. 00:15:08
In part are because of Red Wire being the a partner with us and serving as a beneficiary. If they hadn't been a beneficiary we 00:15:18
wouldn't have received that grant again, 64 direct and indirect construction jobs, 121 direct and indirect operational jobs. I've 00:15:25
said the annual. 00:15:31
Annual income presented in something for the board. 00:15:38
In probably the last six weeks we've had three requests for information for businesses relocating to Noah Park. 00:15:43
And those are ones in biomedicine, life science, ones in green energy, and 1:00. 00:15:52
Is. 00:16:00
Something really neat. I can't think of it, I don't know. 00:16:06
Gosh, green energy. 00:16:09
There's a grain energy company. There's the. 00:16:11
A life science company A. 00:16:17
There's a second life science company. 00:16:19
Sorry, it has been. 00:16:21
An interesting week for me. 00:16:24
So that has potential for almost 200,000 or $200 million more in private investment at Nova Park. 00:16:26
So we are getting those requests. We're working with One Southern Indiana and putting those together and getting them back out. 00:16:34
We are ready in terms of getting. 00:16:42
A a push for marketing the lots to to the. 00:16:48
Commercial brokerage. 00:16:53
Side as well to get the word out for the launchers for sale so I. 00:16:55
You know, we're seeing some, some definitely some positive trends in the in the last I'd say. 00:17:00
Three months in terms, yeah, we've been on the radar. I know, I know. We're getting more requests for. 00:17:06
Utility information. 00:17:13
Just because we had a, as Dawn knows from the. 00:17:15
Georgetown side. So we'll provide sewer capacity information, water capacity. 00:17:18
So we're getting getting a lot of feelers, which is good. Where are we with gas? Are we still? That's a whole nother, yeah. 00:17:25
Actually came back with some real numbers, which is good that we did have a conversation with them. They're they're looking for a 00:17:33
contribution at 2.7 to run gas 2.7 million. 00:17:40
It was part of our ready request last week to the RDA. 00:17:48
We asked for 1.35. 00:17:55
Half of that. 00:17:58
The center point has. 00:18:02
We we have a. 00:18:06
We're trying to workout a meeting with their finance people in terms of what they would look at in terms of financing. And I think 00:18:08
the other component is we have some commercial developments that are wanting gas and I think I think there's got it, there's a 00:18:13
potential there. 00:18:18
Really kind of passing through possibly. 00:18:26
Our ability to bond to the private developer so that that they can help bring gas as a component of that so there's. 00:18:32
It's, there's some frameworks, yeah, there's been, there's been some significant interest for, for the commercial pieces not in 00:18:39
Nova Park, but. 00:18:44
Adjacent to Noble Park and. 00:18:50
Stymies another about $100 million in investment. So there's about 3 our, our, our pitch to the IDC and the RDA was there's about 00:18:54
3 million dollars, $300 million in private investment that's waiting for gas. 00:19:01
And so at one point, $1.3 million investment. 00:19:09
For that return. 00:19:14
I think would be. 00:19:16
Would serve the. 00:19:19
State and serve community. 00:19:21
Well, so. 00:19:24
But still working on that. 00:19:26
And just a side note, when are we supposed to hear again from when those are awarded those projects and monies and stuff And then 00:19:28
region gets the region date is April 11th, that's when they will find out how much money they receive. And then my understanding 00:19:35
is they're looking May, June in terms of projects. So opportunities I think for the board and I think it'd be, you know to reach 00:19:41
out to folks who. 00:19:48
You know, definitely reach out to Mr. Rush, who's on that work for as our representative. 00:19:56
And kind of, you know. 00:20:02
If you have a conversation with him, just kind of reiterate he's well aware of the need, but just. 00:20:04
I don't think that would be. 00:20:11
Brett, I do know that Don make a really fantastic presentation at on March the 22nd at City Hall presenting 3 projects and in the 00:20:15
afternoon they did a tour of the Edwardsville School. 00:20:23
And but we had really good turn out from them, good questions and all that. But so they, the board directors are going to the 00:20:31
other counties. I think they're going to Scott County, think it's April the 4th, but but they're going, they're hitting all the 00:20:38
counties to have the same kind of meeting presentations and then some some. 00:20:44
Tours of the of the of the projects and all that. But I feel really good about, about our, our three projects, you know? 00:20:52
As far as what we're asking, what the total cost of the project is and what our ask is, you know there are some that they're 00:21:02
asking for the majority of the cost. But and then Don you know he showed where private investment and all that. So I think we 00:21:07
really have have a good shot at getting this so. 00:21:13
Could I ask a couple questions? Can you go back one slide first on on the sales tax? 00:21:21
OK. At one time we looked at being becoming a regional. 00:21:30
Something oh certified technology yes and with that we could capture that sales tax at least a portion of that for. 00:21:35
Probably not in the because that's that 550,000 and with the construction, but I would say. 00:21:47
The. 00:21:55
The area, I mean, when we're talking about right there in that, that corridor, there's definitely 500 there. There's definitely 00:21:56
that ability through a certified tech part to collect at least that much in sales tax. 00:22:03
I mean. 00:22:10
Where are we on becoming certified? 00:22:12
We've, we have our application pretty well put together. We just need to reach back out to IEDC and have those conversations. How 00:22:15
that goes is IEDC takes it to the budget. 00:22:22
Is it the budget committee, the, the, the state budget committee and then they make the final recommendation on certified tech 00:22:29
parks. So they, they, there has been a real big push because they're going to more of these, uh. 00:22:35
Innovation development districts with these large things, I think that if you've heard about up and around Lebanon, you know, 00:22:42
multi thousands of acres push. But from the conversation that I begin with Corey Cochran and I think maybe I think Bob might we 00:22:48
were we were in there together that that they at the end of the day, IEDC seemed positive to they were they were very positive on 00:22:55
it. I mean, yeah. So I think it's worth pursuing. And then the other couple of points I want to add is and if you could talk about 00:23:01
the property tax. 00:23:07
That 976 that would be part of. 00:23:14
As part of the tip, is that correct? Part of that would be part of the tip, yeah. And the other thing is Don had mentioned about 00:23:18
we had received like three different inquiries and he and I talked. I think we, I think we need to develop a checklist. 00:23:25
You know, so that it's easier for us to determine whether or not they qualify for for what, what the what, what this committee, 00:23:32
you know, feels like, you know, the purpose and the scope of it is, you know, you know what I'm saying because I know the first 00:23:39
one exactly, exactly. So if there's a way that we could develop that score sheet and make it because the the acquires come to the 00:23:45
commissioners. 00:23:52
And. 00:23:59
You know, and anyway, I think we we need something like that to help us. 00:24:01
Help us make a decision, Bob. Can you get that out by the end of the day? 00:24:05
Today or tomorrow? 00:24:10
What we'll give you tomorrow. 00:24:12
Days almost half over there. 00:24:15
But if we could do that, that would be good. I agree. We do need, we do need something. 00:24:19
Because, you know, we vet them to a certain degree right now, you know, someone called and said we're just fixing crack gadgets. 00:24:24
It's like, right, you know. 00:24:29
I'm not trying to belittle that. 00:24:36
And some of them I'm worried about some of the environmentals. Yeah, well, that's another point because, you know, because we're 00:24:39
going to be close to a Regional Park and. 00:24:44
Yeah, because there are concerns you might have pretreatment programs. 00:24:52
There's other, there's other concerns. So what's that look like? Are we a couple of us need to work with? 00:24:55
I think maybe give Don and IA chance to like. 00:25:04
Give you the framework and then ask all of us to provide input. 00:25:11
OK. Does that sound good? Because we, we've kind of been sorta, I mean as they come along, we'll say, well. 00:25:15
Yeah. It needs to be a policy from you all in terms of reviewing it and saying, yeah, because I think it allows them to make 00:25:23
determinations. Is this something that we want? Because we've had, you know, I've had a couple folks, I didn't put them on the 00:25:28
three that. 00:25:33
Yeah, I don't know if they actually they're really like you said, they're not in that, that framework. I think that we're looking 00:25:39
for that have expressed like, oh, what's going on? So, you know, go through and talk to him. I'm actually there's a meeting I have 00:25:44
with one gentleman next week. 00:25:50
I don't know if it actually fits. Not the one guy that caught up. Oh, no, no, no. And then, yeah, there's a whole story after 00:25:57
hours on that guy. But but I guess right now in terms of that, we can do that. I think right now we just need to wait, wait. I 00:26:03
think we've got, we got to finish up our public comment. 00:26:08
Oh, I'm sorry. No, no, no, no, that's fine. It's it's part of this discussion. But yeah, what I'm hearing is there's some traction 00:26:16
being made here. There's traction. There's moving. We do need like people kind of know where we are now, what's going on, you 00:26:21
know? 00:26:25
Get a call about warehousing. It's like no. 00:26:31
We're not. Oh, really? Warehousing site, We're not. 00:26:33
No, that's not what we are. Sorry. 00:26:37
Do we have that in our bylaws or policy or whatever? I mean, I know we're saying that, but is it written down? That's what we need 00:26:40
to come up with. 00:26:43
Actually warehousing restrictions, their restrictions are in there, but not. 00:26:47
We need to tie down certain. 00:26:51
We have some restrictions on what, so can I ask one real quick question on a slide or two before? 00:26:54
You know, when it talks about, I guess the total price with a 9.6 million or whatever it is, I'm not a construction guy, but they 00:27:03
come in halfway. Oh, we got, you know, construction. You have change orders. That's my question. Wow, OK. 00:27:10
So I'm not going to come and say, OK, 12 and there's a contingency built in and and there's a whole breakdown. 00:27:18
Of how they arrive at that number. 00:27:26
Yeah, yeah, yeah. This is a little different animal than than the traditional. 00:27:30
You know, bid public works type of project this is actually they have a map, they have a guaranteed maximum and that's what we 00:27:36
factored all of our. 00:27:41
Numbers on on lease rates, bonding everything so that you know it's not going to go over that. 00:27:47
You can afford it, We can afford it. 00:27:54
So Speaking of that, you have. 00:27:59
Public hearing that you're in regarding the authorization of issuance of bonds of not to exceed $6 million, that's what's been 00:28:01
noticed and there's a resolution related to that. I think in your packet there is R3. But if there's any public, we should at 00:28:08
least make a call if there's any public that wants to be heard, appear and be heard on this appropriation. 00:28:15
To say. And there's the. 00:28:24
Yeah, it gets Feel free to speak, speak, speak in favor against. Just speak your mind. 00:28:28
If you can state your name for the record, I'm David Eppland. I am the Dean of School of Business at IU SE. I speak strongly in 00:28:35
favor of the proposal. One of the pieces I'm sure you saw in the presentation is that lab space would be provided for IU SE 00:28:42
students at the red Wire facility. And I'll just talk very, very briefly about some maybe indirect benefits that come from that. 00:28:50
After they graduate. So as these students get exposed to a company like Red Wire, they get exposed to that technology, to that lab 00:29:34
space would be available. There's also indirect benefits that would multiply over time when they start forming businesses and 00:29:41
again, the vast majority of them historically and I would expect to continue to do so right in our region. 00:29:47
I'm very much in favor of the proposal. Good. Thank you. Thanks. 00:29:53
Thank you. All right, seeing no other public present, Justin, can we get? 00:29:58
Close the meeting. So I make a motion to close the public hearing. Second, second by John. Any other discussion? All those favour 00:30:04
say aye, aye. Public hearing is closed and we will now reconvene our regular meeting. So I've assumed Justin, first item we need 00:30:12
to do is act on resolution #2024 dash O3. That would be helpful, yes. All right, so that resolution is is. 00:30:20
The purpose of it is to discuss how that $6 million in bond funding, what bond funding, what it would be used for, and it's 00:30:31
described within the resolution that it be used for building #5 at Nova Park, which is what we've been talking about the the Red 00:30:37
wire building. 00:30:43
So this. 00:30:52
This is act upon by us, correct? Yeah, you're authorizing the issuance of the. 00:30:54
For the construction. 00:31:01
For the construction of the building #5 yeah. And it's up to $6 million. This is the component done briefly hit before this on the 00:31:04
components of the funding. 00:31:08
But this up to $6 million, I think you mentioned 5.6 or something was anticipated, but yeah, the issuance is to. 00:31:13
Right, right to appropriate authorize the issuance of bonds up to $6 million. Yes, the next step after this is what? 00:31:23
Next step would be then tonight at the county commissioners meeting. Well there's an except for you all, which is the next item on 00:31:31
which is recommending the Sherman contract to the contract. There's a public hearing at the county commissioners tonight. 00:31:40
That deals with accepting of the contract and then setting up allocation areas and other items, other procedural items. 00:31:49
Then and this was a, this was our 8:00 phone call. Yeah, we had a long discussion on on the red wire component, you are serving as 00:32:00
the committee to the commissioners and the commissioners are the ones signing the documents because of the requirements of the 00:32:06
ready funding. 00:32:12
As the county being the lead agency. 00:32:19
For Edwardsville, which is going to be talked about here in a moment, you are the lead agency for that bot. So but but today is is 00:32:22
this bond. This starts the process with you all, then it goes to the county commissioners tonight and then at your 16th meeting 00:32:30
will be another set of public hearing for the allocation area. 00:32:38
So it's into place, the funding needed, yes, yeah, the very, the very first issue is this. 00:32:48
And then? 00:32:54
A motion to approve Resolution 2024, Dash 03. Is there a second? 00:32:56
Second, any further discussion, I will say that yeah, this, this is the mechanism to get the the funding needed in place to build 00:33:02
Building 5. 00:33:07
OK, any further discussion? 00:33:14
All those in favor say aye. 00:33:17
Aries so Don, I plan on being here tonight with you as well, so. 00:33:19
Just for support, sure. I mean, I think we'll need support, OK. 00:33:26
We definitely need support. I'll be there. All right, so the next item. 00:33:31
Under new business is the Building 5, Nova Park Building 5. 00:33:37
With Charmin for their guaranteed maximum price and what we're doing with this is we're recommending to the commissioners the 00:33:42
award the two shaman to enter into AVOT agreement with Sharman for a not to exceed price of whatever that was 9 million. 00:33:50
9,654,009 fifty 952 yeah 9,654,952 dollars. 00:34:01
Justin did how do we did that work Yeah correct yes so just. 00:34:08
In my own words is because it is confusing. The commissioners advertise the bot process we received they, they had people submit 00:34:12
their applications here and at one point towards the fall of last year you guys opened them, considered them. 00:34:20
And essentially entered into a scoping period with Shireman to come up with some acceptable terms. Now you're recommending that 00:34:30
the commissioners, because they started the process and they're dealing with the ready funds as Don said, you're recommending the 00:34:37
commissioners enter into a actual bot agreement, which we have a draft of. But you're not recommending them accept this agreement 00:34:45
as is you're recommending them complete this agreement that we have a draft of that we're into the scoping period, so. 00:34:52
The commissioners have a public hearing tonight that are actually accepting this recommendation and you're going to have a public 00:35:00
hearing on that tonight at six and that's been noticed. But today the Redevelopment Commission is just recommending the 00:35:07
commissioners enter into a bot agreement with technically it's called Nova Park Building 5, I think is the LLC or Shireman Group. 00:35:14
So we're recommending to the commissioners that they enter into the bot agreement with. 00:35:23
We'd entertain a motion to that effect. 00:35:28
So moved second. 00:35:31
Motion by Brad, sacked by John Any further discussion? So OK, so tonight that's what they're the commissioners will act on. Yeah, 00:35:34
so and, and it's helpful actually to do what Don said is that we have previously and this is a next agenda item but. 00:35:42
Suggested that that we enter into a bot agreement with a. 00:35:51
Mac on the Evansville School, on the Edwardsville School piece, we have a draft agreement. You'll see in the agenda item. We're 00:35:56
we're not, we have an update for it, but but that's it. But we're recommending the commissioners enter into that agreement with 00:36:01
Charming because we've done the vetting, if you will, for the commissioners. The commissioners appointed us when you notice that 00:36:06
and have everybody submit the materials to us. 00:36:11
OK, Yeah. 00:36:17
Any further discussion? 00:36:19
All those favor say aye aye. Motion carried. 00:36:20
All right. So on the Inverseville school, as Justin said, we do have a BOT agreement that was delivered to us on Friday, this past 00:36:24
Friday with Mac. We're just starting the review of that agreement. So we're not ready to act on it. Justin needs to review it, 00:36:30
provide any comments back. The intention would be to act on that in our April 16th meeting because we do have a meeting scheduled 00:36:37
for April 16th. And my goal is. 00:36:43
Just to be clear about it, we have two bot agreements now. One the commissioners we've just passed to recommend them enter into. 00:36:51
One we're going to enter into. We just received the Edwardsville on Friday midday's. 00:36:57
My goal is to kind of is to frankly look at both of those in comparison with some other bot agreements that I've entered into and 00:37:04
give comments at similar times for for the commissioners council as well as ours. So we because. 00:37:10
We're kind of on the same path now. 00:37:17
There we have both recently received, both bought draft agreements and now we need to. 00:37:19
Revise them and enter into final agreements, assuming that the commissioners approve selection what we just recommended to them. 00:37:25
So, yeah, so we'll have an update I'll get, I'll get that turned around to Don Bob with comments and then we'll get it to the 00:37:33
other side once we have a final version. And hopefully we can get a final version prior to or or get a good draft prior to the. 00:37:41
Meeting. 00:37:49
The 16th. 00:37:50
Does that make sense? 00:37:52
Yeah, OK. 00:37:54
Any other items on that? All right, done, you get it. The last two last really two quick items. One is some landscaping work in 00:37:57
Nova Park, which is on the backside. Well, it used to be the backside, but I guess they now have it has two front sides as 00:38:04
building 2 in terms of just there's what we did the landscaping wise in front with the rain garden going to do the same on the 00:38:11
back as well. Grant Line Nursery has. 00:38:18
A quote here for 25109. 00:38:27
$22,593.30 This is coming out of the remainder of the Southern Indiana tourism grant that we received for Nova Park. So we're just 00:38:30
requesting that approval for that to to get that project going. And the other is just the renewal of the pond. 00:38:40
Upon management agreement, yeah, maintenance agreement, that's 25. 00:38:55
2585 dollars. 00:39:00
Even, and that's a. 00:39:03
We have a line a line in 11. 00:39:08
Well, that. 00:39:11
We can take that so. 00:39:14
Landscape that was with Grant Line Nursery. 00:39:17
And I assume that. 00:39:21
County forces do the maintenance on that throughout the year. Some, yeah. 00:39:23
OK, sometimes. Sometimes it's the county forces. Sometimes. 00:39:30
The force in front of you, yeah, sometimes it's done out there. 00:39:35
What's the bond bond management agreement? It's there's. 00:39:39
It's not milkweed. It's it's it's just basically keep the algae. Yeah, that's what I thought was some kind. 00:39:46
There's an algae that. 00:39:52
And who takes care of that? That's Aqua Control. That company comes out and treats it. Yeah. 00:39:55
They've done it the bad or they've done it. They did. They did it last year, yeah. 00:40:03
So first motion or entertain a motion to approve a contract with Grant Line Nursery for landscape improvements at Building 2 of 00:40:08
Nova Park, Building $2295.33. 00:40:15
Second, Second by Jeff. Any other discussion? 00:40:22
Those favor say aye aye. 00:40:29
Motion carries. And the second item is the motion to approve the pond management contract at Nova Park with Aqua control. Is that 00:40:31
the name in the amount of $2585? Motion to approve. Motion by John. Is there a second, second, second by Jeff? Any other 00:40:38
discussion? 00:40:45
I was afraid to say aye aye sound like just an ongoing contract or one year, just an annual renewable. 00:40:52
Yeah, on the client. Yes, on the phone. 00:40:59
There, there may be. 00:41:03
At some point, once you get full development and flows, change to that pond. I don't know, let's see how it goes. 00:41:05
Because there's, there's aquatic, I mean there's fish and stuff in the. 00:41:12
There's not a frog. There's an Otter. There's an Otter. Otter. 00:41:18
Is that pond mostly just for aesthetic purposes, or is there some kind of actual use, water source or retention? 00:41:24
Yeah, because we've got the parking lots drained to it, and so it has a purpose. 00:41:33
It's not going anywhere. I mean, it's a it's aesthetics as well, yeah. 00:41:43
OK. Any other things for discussion, Don or no? No? 00:41:47
I would like to make one comment. Like I said, when Don did the presentation there on March 22nd, they did a really good job and 00:41:52
we talked about Edwardsville. 00:41:57
At the meeting of the RDA meeting the week before that, Brad, thank you. Were there at the meeting, they mentioned that Eli Lilly 00:42:04
was donating $150 million. Ninety million of that is going to be towards. 00:42:10
Blight remediation, OK. 00:42:17
And the other 60 is going to go towards arts and culture. 00:42:20
And so you look at it that we have and then the another opportunity is a safe room. So we have actually three opportunities to 00:42:24
fund the renovation of Edwardsville School. 00:42:29
If not the ready. 00:42:34
Than possibly the Eli Lilly grant and about that, maybe as a safe remind, Don, you did some investigating. 00:42:36
I'm not speaking at that as privileged, am I OK? 00:42:45
Those are three options, those three options. So they're really good probability that we can get this, we can get to the 00:42:48
renovated, you know so, but it's exciting, really exciting so. 00:42:53
Good. All right. Any other business that So our next meeting is on April 16th. Yeah, our next meeting is April 16th. I believe 00:42:59
it's at 10:00 AM. That's what I have in my calendar. So yeah, 10:00 AM and we'll have. 00:43:06
We'll have those items on red wire and. 00:43:14
Universal School at the same time, so we have both of those on our agenda. 00:43:18
Anything else? 00:43:23
Motion to adjourn. 00:43:24
Second thing about Jeff holds favor. Say aye aye. We're adjourned. 00:43:27
Thank you, Theresa. We had a copy of that. I don't want to stay here. Yeah. Hang around. So tonight. 00:43:31
Since the commissioners haven't seen that agreement, you know, we talked today to call. 00:43:41
I think the motion is to enter into an agreement with them is that we've selected them. We so enter into an agreement and we've 00:43:48
done, we've done this period where we've got it. 00:43:53
There to negotiate that agreement, we're recommending they enter the agreement. 00:43:59
And John, just so you're it's the commissioners are doing it. I don't need to overstep, but I have two bot agreements. 00:44:04
That are very similar quite frankly and I was using another one I've used in the past with something else and kind of just going 00:44:12
through all of them to see. 00:44:16
Changes, well, one of them is technically the commissioners, but I'm going to go ahead and I told Donna said, I'm going to make my 00:44:20
comments because I'm making comments to Mac and whatever and it'll just, and I'm going to send that to whoever. And if, if Rick or 00:44:25
whoever wants to review it and make additional changes, that's fine. But I just thought that made the most sense. And so we we did 00:44:31
basically just got both of them. 00:44:36
Everett School, Edwardsville School, one that we're doing. I just got the other one we got a little bit before, but we just got a 00:44:42
revision. Did I do that right? And so no, that's perfect. We're we're not confirmed that with Brad because that was my 00:44:48
understanding and that's that was the e-mail. I think you're copying. So hey, I saw it. Yeah, they're not actually approving the 00:44:53
contract. You're not entering into a contract. 00:44:59
You're directing staff, you're basically accepting our recommendation and asking for us to enter into a contract after this COVID, 00:45:04
right? 00:45:09
OK. 00:45:18
Good job. 00:45:21
Awesome, love it. 00:45:23
All right, Grandpa Bob. I know, right? My daughters found out she's pregnant. He's gonna be our first grandson. Yeah. We're so 00:45:26
excited. I know. We're like. 00:45:31
We're gonna spoil the house. 00:45:37
September 26. Yeah, it's not. It's my wife's mom's birthday as well, so we're kind of hoping. 00:45:39
So now you're thinking about what you're gonna be, you know, Grandpa, Granddad. 00:45:47
This other volume, whatever they want, that's good. 00:45:55
That's what I was telling you. 00:45:59
Yeah, right. It land on South. 00:46:05
OK. 00:46:12
Very good. Yeah. I would say as they get older and start. 00:46:12
Oh my gosh. 00:46:21
Oh, that's awesome. 00:46:24
In the world. 00:46:27
That is so cute. 00:46:32
That is magical. Absolutely. That is so cool. We're excited for those days. 00:46:36
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