No Bookmarks Exist.
Oh yeah, that's what we were. 00:00:03
Yeah. 00:00:14
Yeah, Jess, I don't read her, OK. 00:00:19
We've got a quarrel, so you want to. 00:00:23
We're going to call the meeting to order the Redevelopment Commission. 00:00:25
Want to do Yep here. 00:00:31
Here. 00:00:33
Here. 00:00:38
Here, All right. And Jeff McCaffrey is absent. So we will move on. I'm going to move up a couple things on the well. Before we do 00:00:40
that, we'll go ahead and do the approval of the minutes. Has anybody had a chance to review the minutes from April 2nd, 2024 to 00:00:46
sell it, entertain a motion to approve? 00:00:52
So move motion by Brazzer, second, second, second by John, any discussion? 00:01:00
All in favor say aye aye. Motion is approved. We do not have any claims. 00:01:06
No, right. He even brought the big folder so you start charging by the panel now. 00:01:12
All right, before we get into the rest of our agenda. 00:01:20
I'd like to move the Galena tip discussion up because we got a couple gentlemen here that want to make a presentation with 00:01:22
everybody. OK with that, let's move them up the agenda, OK? 00:01:28
So you guys come on. 00:01:35
And Don, I don't know if you want to present. 00:01:37
Introduce this OK. 00:01:40
Just just a real quick introduction of what we're looking at. 00:01:42
Sure this is. 00:01:46
Yeah. Any comments? I just want to make sure I got the right name. This is a development Office 150 and it is part, you know where 00:01:49
Coffee Crossings is. They had approval for a mixed-use retail and 24 unit apartment complex. They are coming in to ask for that 00:01:56
area to be created as a tip. 00:02:02
That parcel. 00:02:10
Primarily because of utility consideration. 00:02:13
Later. So this is today is just really an opportunity for them to request. We've got just a draft of the declaration declaratory 00:02:18
resolution. It won't be acted on today. 00:02:24
But we the next step at the board so chose would be to go move forward with. 00:02:30
The Equatorial resolution process. 00:02:37
Yeah. And the piggyback on what Don's mentioned this, they came before us. Oh, Jason, it was yeah, in the fall, November. So they, 00:02:41
they came before us at that time with with their development plan and the need for some assistance on some of the utilities in it. 00:02:48
And we don't really have a means to do that right now or we don't have them. 00:02:55
The funding. So that's where this kind of discussion led to. So I'll let you guess, I'll let Jason talk about. 00:03:04
We're working with the folks at ARC on this development and as it came forward last year, there were some some gaps with regards 00:03:14
to the development and some of the funding related to site premise site development to make this a reality. The discussion back in 00:03:21
November was, you know, the, the identification of this gap and then the discussion on how the two parties could potentially work 00:03:27
together to overcome that issue and be able to develop this. We think it's a, a potentially catalytic project up in the Galena 00:03:34
area that could spur on. 00:03:41
Additional development. Partial retail. 00:03:50
The approach that we're looking at right now is one of an acknowledgment that there's limited resources available and so. 00:03:54
The seeking the establishment of of the TIF of that parcel and and potentially looking at some financing alternatives that don't 00:04:02
require any cash out of pocket from the. 00:04:07
Actually, Development Commission. 00:04:13
To be able to overcome other development hurdles in the financing that work is similarly more to a tax abatement. 00:04:15
Through that structure obviously the yeah can't do any of that until we establish a tiff. So this people the first step in the 00:04:25
process. Jason Sanchez with art to discuss any of the project planners anybody has any questions and we have. 00:04:32
Renderings and site plans and those sorts of things that have been distributed before, we can certainly get that out to the full 00:04:40
Commission. Yeah. And as a reminder, if you, if you guys remember, it was there was a commercial component on the front and then 00:04:47
there was how many, how many units did you have 24 apartments behind the commercial in the front? Yes, yes. The plan is described 00:04:55
as simple as you know, there's a 7300 square foot retail building that sits in front of the apartment, in front of 24 apartments. 00:05:02
And to the to, I guess you're looking at site to the right of coffee crossings. There's a field there, about 2.94 acres of 00:05:10
property. 00:05:14
That's the apartment buildings, three story. The retail building is one story. Nice mixed-use development that I think will be a 00:05:19
great asset to the Floyd County community in that area location. And you guys also Redid Coffee Crossing. Yeah. So we bought, 00:05:25
yeah, so we bought the property back in. 00:05:31
Cedar Creek, I think it's Cedar Creek, Cedar Grove, Cedar Cedar subdivision. Sorry, I couldn't think of the name exactly secret 00:06:12
something, but yeah, that's that's got our plan here. And so for this new TIF area we're talking about, would that include the 00:06:17
existing coffee crossing? 00:06:23
I mean kind of already developed. 00:06:33
Yeah. I think if there's anything to your point, it could include that if there's any appreciation on that. 00:06:37
Right. 00:06:45
Yes, we've already developed that and it's it's paying accounting taxes as. 00:06:47
I think we're probably, you know, Texas working their ears. So we should be at current tax rate right now based on improvements, 00:06:53
seems to stay pretty busy. Yeah, it does. It's been a great location. 00:06:57
I said he's that Alan Butts, which is our franchise operator. He's the mother. 00:07:03
So, OK, so this is just for discussion, Don, at this point. 00:07:09
Yeah. 00:07:14
Sorry, the next step for you all would be decide if you want to move forward and then. 00:07:17
We end up with decoratorial. 00:07:22
I know I can't get that word out. Resolution. It would start processing going Planning Commission, county commissioner to the back 00:07:26
to you for the public. And the need for this is so that once it's established as a TIFF, it opens up some possibilities for 00:07:33
funding options we would be looking at to make this happen to help. 00:07:41
The the funding gap that you guys have. 00:07:49
Structure to be able to. 00:07:56
Basically kind of as a pass through developer bond. 00:07:58
Where the proceeds from the tip would go? Paid bond for the infrastructure improvements. 00:08:05
Generally speaking, in this instance they would pay their property taxes and. 00:08:11
They come back to the Redevelopment Commission Commissioner. 00:08:16
Becomes an operational benefit rather than a development benefit, where usually it's. 00:08:20
Equity and or you're helping scale some sort of front end capital cost in this instance because of the like I said, the limited 00:08:27
resources we've got, this structure might work. So really they have to be able to absorb an upfront development cost. 00:08:34
Would we, would we? And I think we talked about this maybe outside of this meeting briefly I. 00:08:42
When we keep the TIF area. 00:08:49
Small for now, or does it make sense to look at? 00:08:52
The bigger area, a larger area, I think this is just a small, small tip. And then I think if the redevelopment Commission and they 00:08:56
all had those discussions back in November looking at the future and looking at that Atlanta corridor, I think that would take a 00:09:03
more in depth plan. You could always amend it because. 00:09:10
The answer to this, but if you're asking for just a single parcel. 00:09:17
You're asking for a single parcel. 00:09:23
For this new development, correct? OK. 00:09:25
Right. That's what I'm saying. Well and developer purchase bonds, they're going to purchase the bonds. The TIF revenue that comes 00:09:28
in or most, most of the TIF revenue comes in goes back to the developers is essentially like a long term tax abatement. 00:09:34
I mean the diff revenues, the increment from the what they're asking for. So it really is the parcel we're identifying is just the 00:09:40
parcel you're constructing on. It doesn't do any good to add other parcels that already are developed that aren't going to have 00:09:46
that TIFF increment. I was just in general I wanted to make. 00:09:52
It expanding your tips beyond that, right? 00:10:02
Be encompassed potentially with an issuance so 10:00 on it, but it would open it up for yeah OK. Some of our other TIF properties 00:10:08
we sort of connect them you got one row that right to the other this would start that process it could so you you wouldn't take 00:10:13
the. 00:10:18
The Highlander point area and take it out 150 and connect it. 00:10:24
Much cleaner in terms of business. Yeah, yeah. 00:10:33
Absolutely, it's probably if this ones going to have an instrument for an obligation associated with it. Probably cleaner because 00:10:38
it'll be tattoo. That's why I was asking. 00:10:44
Yeah, so. 00:10:50
There's no action for us to take but. 00:10:54
What's Justin? What do we, How do we just? 00:10:58
So now we know there's one parcel, we create a plan and come back with a declaratory resolution at our next meeting, at our next 00:11:00
meeting, OK. 00:11:05
OK. Is it? Yeah. 00:11:11
I'm good with that. I mean, do we need a motion I do that, I don't know do is it a motion that we need or just? 00:11:12
Don can prepare it. I mean, if you want to make a motion to direct on to move forward with it, you can. But you'll, you'll have it 00:11:18
at your next meeting on the agenda otherwise. 00:11:22
If we don't need any action, I think that's fine. Unless. 00:11:27
You want it in the record. OK. And entertain a motion to direct Don to proceed with preparation of a declaratory resolution in all 00:11:31
documents needed to present to us at our next meeting for the Galena TIFF. 00:11:38
So moved motion by Brazzer second. 00:11:47
Second, second by Rich, any other discussion that's I guess that's. 00:11:50
OK, all those in favor say aye. 00:11:55
OK. So Don, you can get with them and. 00:11:58
Pull together everything. 00:12:01
Yeah, let's call it the Glean of Comments. Can we? Yeah, clarify that, Theresa. Just make sure you call it that, Lena. Commons 00:12:05
tip. No, that's a good point, Commons. Yeah. 00:12:11
Yeah. Thanks, Jason. Thanks for that clarification. 00:12:18
Yeah. 00:12:23
All right. 00:12:27
OK, back to our. 00:12:28
Back to our regular agenda. Done. You've got the floor. 00:12:31
Reports. 00:12:34
Just for your just for your information, I enclosed or the fund reports. 00:12:36
I will talk a little bit about E which is make my move. We have our fifth person who has moved. We have met the bridge agreement 00:12:41
and satisfy that. And so next hopefully either today or first thing tomorrow, we'll be submitting for the remainder of the IEDC 00:12:49
funding for round one. 00:12:56
Mr. Pike with make my new is a is a is a. 00:13:08
Very energetic man has already wanted to talk to you about second tranche of funding and a second round of a bit of the project I 00:13:13
will tell you. 00:13:19
Right now we have 55 movers, 11 have been, we have in addition to those five, we have 11 accepted and seven offered. So he's he's 00:13:27
at the point where he feels and it and it has kind of picked up I think in terms of some of the the subcommittee in terms of. 00:13:37
Movers so and supposedly today they were going to be on good morning Mary. So he thinks that's going to we seem to be getting a 00:13:47
flood of just applicants now I mean you think so. 00:13:53
It's steady. It's more and I think that's one of the things he did say and some of their staff in terms of now it's a time for 00:14:00
most folks to get. 00:14:04
If they children, they get through, I start thinking about. 00:14:10
I will bring you back a full full report and, and, and and more detailed information He sent me kind of an overview of what that 00:14:15
second grant if you all wanted to pursue that would be. 00:14:20
I haven't really had a chance for you to delve into it and I'd like to do that and present something back to you soon. But we did. 00:14:28
We did hit that mark and we are now into. 00:14:33
Getting that second, second Toronto fund. 00:14:40
Good. There's no public present. I mean, Melissa is here for something else. So we'll unless you've had something you want to 00:14:43
bring. So we'll proceed ahead. 00:14:48
Next time just you just need to. 00:14:55
Recess your current meeting and have a public hearing. This is the conformatory resolution for the red wire, red wire tip 00:14:59
allocation area that has been passed by you all initially. Planning Commission has passed this, County commissioners have passed 00:15:05
this, and now it's back to you as a final step. 00:15:11
So we'll entertain a motion to I guess we put this meeting. 00:15:18
To leave or does it matter? I don't think it matters. No, no, I don't think at this point it does. 00:15:24
So I'll make a motion that we suspend the regular meeting, open up the public hearing. 00:15:32
Second. Second by John. 00:15:38
All those favorites say aye aye. All right, we will now. 00:15:40
Begin the public hearing for the Red Wire TIF allocation area and plan. 00:15:45
And this is a. It's a. 00:15:49
An allocation area for the building site for red wire. 00:15:52
Located in Over Park. 00:15:57
Give you some background, you all had a hearing regarding the the building and the and the bot agreement and send a recommendation 00:16:00
to the county commissioners. They approve that recommendation at their meeting on April 2nd with Sherman to construct the building 00:16:07
for roughly $9.6 million. 00:16:13
This also includes I US space as well the 5000 square feet and it's also being funded through the ready. 00:16:21
Allocation already 1.0. 00:16:30
So this will collect from Kroger analysis was roughly about $125,000 annually. 00:16:32
In addition to the lease payments. 00:16:40
In terms of increments, so. 00:16:45
That's kind of an overview. Have any questions? I'd be more than happy to answer. 00:16:49
So, yeah. And so the technical thing you're doing here is receiving any written remonstrances. I don't think anybody's made any, 00:16:54
any public comments on the confirming this. And we're essentially taking a couple parcels out, creating a separate allocation area 00:17:01
for the for the construction for the parcels. There's two parcels I believe. Is that right? Don't know. 00:17:08
So, Justin, we're taking this out of existing TIF. 00:17:17
So does that, so it's. 00:17:22
Go ahead. Does that then reset the base line for? 00:17:25
Or does it? Does it grandfather in when we first did that? 00:17:31
So it doesn't reset a baseline of taxes the. 00:17:35
Taxes are. 00:17:38
What they were in January, the base, I think. 00:17:41
It does reset a timeline for the from your limit for 25 years from the first instance of debt. So you haven't, you know, whenever 00:17:45
debt is issued. So this year you'll have that time period. 00:17:50
But the the increment will be based off of, if I understand correctly, January 1st. 00:17:57
Assessed values and then whatever the. 00:18:03
Increases that delta between there are those taxes. That's what Crow does the analysis of. I don't, but that's what they're. I 00:18:05
think those are the numbers you're using off. It doesn't go back to before we build streets or anything. 00:18:12
It's what it is, but it does reset it as a separate. 00:18:19
I think that's the intention. 00:18:23
So So what? What is the? 00:18:25
Calculated value for the assessed value from the time we started that till. 00:18:29
Now, right now it's assessed at 0 because it's it's redevelopment property. 00:18:34
Good enough? 00:18:40
OK, better now. 00:18:42
OK. 00:18:44
Is there any action that needs to be taken? No, that we're not, not here. We're just in the public hearing right now. 00:18:46
All right. Yeah, See. 00:18:54
Seeing no. 00:18:55
Comments presented. We'll close the public hearing. Motion to close the public hearing and motion by grant second by John. I was 00:18:57
afraid to say aye aye public hearings closed and we'll reconvene our our. 00:19:04
Bring our meeting out suspensions how you do it. I don't want the best term. 00:19:11
No longer suspended. We'll restart the restart the regular meeting. 00:19:15
Right, Don, you're still up. I think you have before you a resolution for the conformatory. 00:19:19
Yeah. Does that have a number? 00:19:29
Four, this is checking her fabulous. 00:19:32
2024 dashboard. 2024 dashboard. Oh, you filled it out OK, I didn't see that. 00:19:37
Is everything good on your end about that? 00:19:44
So it entertain a motion to approve resolution number 202404, a resolution of the Floyd County Redevelopment Commission declaring 00:19:47
an area in Floyd County as an economic development area and approving the economic development plan for the second area. 00:19:54
Can I ask one question which may be what you were just doing? 00:20:03
The second paragraph there the amending the regular. 00:20:06
The initial resolution in February, did that have a number? Did you fill that in? 00:20:10
And 2024 something. 00:20:15
You can. You can see it in your. You have a little blank there. 00:20:20
Where Where are you at? 00:20:25
Second paragraph, first one or two. 00:20:27
Second line, second line, It's either one or two. 00:20:30
Yeah, it's February 20th, 2024. Whatever that resolution, it's resolution to. 00:20:34
Hold on, let me look at your I'm not. 00:20:42
It's not that confirmatory. This is a different. 00:20:52
Yeah, yeah. 00:20:57
This is a different resolution. 00:20:59
The 24 is for Galena Commons. Yeah, that's not the only one. 00:21:01
After I read through that, I was reading the rest of the document. 00:21:07
Scratch that. 00:21:10
See forward Show me the numbers. We just have the Oh yeah, good catch. 00:21:12
Why is this? Was that? Was that in the packet electronically but didn't get in the hard copy packet because I printed that out? 00:21:19
That's for me. 00:21:22
I didn't send that out, but I received it. Yep, I got you. 00:21:27
It should have been. 00:21:32
Do you have? No, No. 00:21:34
I don't know that Don sent that out, if I remember correctly. Not, not this morning. The one this morning was the Galina. Yeah, 00:21:37
this is the conformatory resolution that's not in our packets. A different this is Galina. 00:21:44
Yeah, this is the one that. 00:21:53
Yeah, right. 00:21:55
That's this one. This is what he sent out this morning. Yeah, it's not this morning. Oh, it is. OK. OK. All right, so we're still 00:21:57
with the same resolution. Yeah. You just now have it in front of you. We're on the same resolution. This is the resolution. But 00:22:05
the second paragraph, though, what did you say? That resolution number was 2-2-2. So this is the confirming resolution approving 00:22:12
the amended amendment to the declaratory resolution for the editor, 100 Point Gateway Economic Development Area. OK. 00:22:20
Which is for the red wire. 00:22:29
And if you look in that second paragraph, that's where we talk about those couple parcels we're talking about. Yeah, I've got it 00:22:31
now that that makes more sense. 00:22:34
OK. So is there a motion to approve? 00:22:39
I'll make a motion to approve the 2024-4 with the amendment of adding Dash 2 as the amended. 00:22:44
In paragraph two, got fill in the blanket OF-2. Got it. 00:22:51
I'll 2nd. 00:22:57
Motion by Brad, second by John. Any further discussion now that we've got this clarified? 00:22:58
All those in favor say aye aye, motion carries and get everybody to sign this. 00:23:04
OK, Don, you can keep going. 00:23:12
Just to give you a quick update on you have on your agenda about the contract with Sherman that actually should be is going to be 00:23:16
tabled and that actually gets signed by the county commissioners. 00:23:20
So. 00:23:27
That that item, this declaratory that we just approved though you're, you're going to finish it out with the auditor and the LGF 00:23:29
just to make sure because I know we've had. 00:23:33
Just make sure the auditor does their piece of it. 00:23:39
Actually, I send all this stuff to Brandon. 00:23:43
Still do it. OK, sorry. 00:23:47
So just ask that be tabled off. 00:23:52
To kind of give you a kind of. 00:23:55
OK. What else going on there? 00:24:02
Thank you. 00:24:06
Are we on Nova Park, the bot or the Nova Park contract? 00:24:08
Be tabled for Commissioners item. I would entertain a motion to table. 00:24:13
Item The Nova Park building contract Sherman. 00:24:18
I'll table it for the commissioners. 00:24:24
Motion by Perez or second second talking about rich all those favor say aye aye. It's table. 00:24:27
And I don't know if, Richard, you might talk a little bit or possibly just kind of there's a ground breaking the 31st. 00:24:35
Right now it still looks like the 31st. 00:24:43
We had a commitment from the governor to come and he's now going to be leaving the country for a trade mission a little earlier 00:24:47
than he thought, although they still may if we want them to record a reading or a, you know, well wishes for us. So I think that. 00:24:54
I would take him up on that. I've reached out to Senator Young. 00:25:03
Who's, you know, even before he ran for Congress, he was kind of a friend of the company, kind of came by and got to know us a 00:25:08
bit. 00:25:12
To see if he can come and maybe say a few words. 00:25:17
And then I know. 00:25:20
Representative Houchin also would like to come. 00:25:22
And so we're looking at probably 10:00 AM on the 31st and and if that doesn't work with those folks, maybe back up a day. 00:25:26
31st is a Friday, so maybe at 10:00 AM on the 30th. 30th if let's say Senator Young. 00:25:34
Can't, can't make it. If he can't make it at all, then, you know, I'll probably reach out to Senator Braun anyway just to see if 00:25:43
just make sure they're aware of it. But Senator Young has had a long time, you know, connections in support of. 00:25:50
The company and the project, so love for him to be able to kind of be there for that. 00:25:59
This is May 31st, May 31st. 00:26:05
So come get your silver shovel. Yeah, putting that in here now. 00:26:11
May 31st, 10:00 AM. OK. 00:26:16
And I think there's a draft run of show on. I think you may have that somewhere. Did Austin send you send you that or maybe I've 00:26:18
just got that, OK. 00:26:23
Yeah, certainly one. 00:26:30
You know, commissioners to be there, council members, everybody and. 00:26:32
So that's that's what we're shooting for developing more quickly by the day now. So we'll. 00:26:37
Once we get some of these politicos. 00:26:42
Confirmed. Then we'll make sure everybody else knows. 00:26:45
But I penciled that was those two dates in right now if you could, OK. 00:26:48
Congress is back in session the next week, so that's why we're trying to. 00:26:54
Get it in. 00:26:58
In May. 00:27:00
And I guess, Jeff? 00:27:02
May or may not be ready to actually. 00:27:03
Great ground around that time. 00:27:06
This should be really close to that. 00:27:11
That is the other thing we we did take in. 00:27:13
RFP's for architectural. 00:27:19
Services. 00:27:22
I didn't need a small penny to review those two applications. We went through that process because then that allows it to be 00:27:24
eligible for ready funds. So that is one item that for Building 5 architectural service. 00:27:31
I mean, I, I think you definitely, yeah, yeah. 00:27:42
Thank you. I think Jeff should be on there. Sounds good. 00:27:48
I'll get that out to you. Is there a motion to appoint those two members to the committee? Motion for that. Brad makes that motion 00:27:54
I 2nd. 00:27:58
This paper say aye aye. 00:28:04
Anything else we need to appoint Jet to? 00:28:10
And the last item that I have is just give is the give you an update on Edwards school school project. We have two meetings this 00:28:16
morning regarding that. And then talk a little bit about the bot agreement which I believe is has been kind of circulated 00:28:24
internally with with council and it needs to be circulated out to you all as well. To give you kind of a real quick overview 00:28:32
tomorrow will be the bonds will close and those funds will be wired to the county for disbursement. 00:28:40
Had a meeting this morning at 8:30 with Mr. Sprigler. Got his schedule. He's looking to start construction on the apartments 00:28:50
mid-july to 1st of August. 00:28:55
Mac who's doing our component of public infrastructure is supposed to be done completely I believe in November once their part of 00:29:02
it the building component he is getting. 00:29:09
Demolition has taken place, tuck pointing of Masonry's now occurring. We're to meet prior to his roofing contractor to start on 00:29:17
the roof which is mid-May and then with that completion that should be completed mid-july. We would be looking to have that 00:29:26
building transferred to the county probably redevelopment sometime. 00:29:35
August, September is the time frame we're looking right now. That would be that, that would be given that's a building that is 00:29:46
pretty much a shell building with a new roof. 00:29:51
The ready funds application is due in July. The Regional Development authority, their board actually took a tour as part of the 00:29:57
Floyd County projects 3 weeks ago I believe. 00:30:04
Three to four weeks ago, they seemed very interested in the project. We believe that if there's a subset of money about ten, $50 00:30:11
million that is really money that's tied to ready, but it's actually separate five, it really looks like that would be a, this 00:30:18
project fits very well into their eligibility. 00:30:26
Criteria so. 00:30:35
That's kind of an overview of the building if signalization signal is supposed to be completed in three weeks. 11 item 2 Justin, 00:30:36
we talked to him this morning about amending Exhibit C and they're totally on board with that. They didn't have any concerns, but. 00:30:46
I'm assuming we'll need to take action on that. So what they're amending is the capacity fees from the Georgetown sewer that the 00:30:56
developer will pay for those for the school instead for the school. So it's about $77,000. 00:31:03
Fee to click on to the torch sensor. So they're going to pay that fee. They acknowledge this morning that they just need to put it 00:31:12
specifically. They just need to put it specifically in Exhibit C that we already have. They're going to amend that. Well, we're 00:31:17
going to do it. We said we'd send over an amendment, that's what. 00:31:22
What we had told him this morning and what you sent me is the last version. I guess Don the. 00:31:28
With the exhibits attached. Yes, that's what I have. 00:31:33
So, yeah, Don, do we need to schedule a special meeting to act on that amendment? 00:31:38
Along with the OT agreement with Mac, yeah, we'll circulate the dress and I talked a little bit beforehand about getting that that 00:31:43
contract out and in front of everyone prior to. 00:31:49
Yeah. So you've approved entering into a contract with ABOT agreement, the actual agreement and we have a draft. We've sent them 00:31:58
back comments. I talked to them. They're supposed to give me comments either later today or tomorrow back from Mac to hopefully 00:32:03
their final. And yeah, that's I'm just saying that's the timeline. 00:32:09
Work this Exhibit C in as well do we want to look at late next week? 00:32:15
I'm just throwing it out there. Is that Justin's? I think that's it. We just need 48 hours notice after we get some. 00:32:20
Late next week would be fine. What should be? 00:32:28
Like what does I'm just so the nine at the. 00:32:32
Is that what you're looking at? I'm looking at the 9th or. 00:32:36
Yeah, I could. Yeah, the 9th would work. 00:32:40
If that's if we're just having a special meeting for that. 00:32:46
Do the 9th at 10:00 AM. 00:32:49
I can't. I can't. I got a commitment that morning. 00:32:51
Check my other calendar. 00:33:00
Yeah. 00:33:02
What? What does? 00:33:08
What does Wednesday look like for everyone? The 8th. 00:33:15
In fact, I'm gonna be out of town that day. I'll be out of town, Andy. 00:33:20
Oh, sorry, the the. 00:33:23
The 10th is bad too. A tenth I think is Good Friday the 10th, 10th at 11:00 AM or not. I have at 10 something I need to do but I I 00:33:25
could do 11. 00:33:30
It's 11. Check bread. He's the one down there. Yeah. When how long is the meeting? It should be short. It's we're only going to 00:33:35
have that on the agenda. 00:33:39
Anything past 11:30 I guess. No, no, no. I got to get out as well. 00:33:45
So 1111 thirty. Yeah. 00:33:49
Is it RDA meeting that day on the? 00:33:51
It's usually the 2nd. 00:33:55
Friday. 00:33:57
Can we do it early? 00:33:59
Yeah, I mean. 00:34:02
I have a 9:00 meeting, but I could could. 00:34:04
It's going to be quick. How early can you meet Brad on Friday? 00:34:07
Friday can't get you out of bed early. Well, I just take I can get here by safely by 9. By 9:15 I take the kids to school so I can 00:34:10
get here close to 9:15. 00:34:17
Yeah, I can't do that. 00:34:27
You can do 10 though. Well, I can do 10. It'd be close. I've got a 9:00 AM meeting. 00:34:29
I mean, I can move my 10 maybe or just it's a 10:00. No, it's at 10. 00:34:35
So 11 sort of work, can't do 11. 00:34:44
I'm like pushing it too close. 00:34:48
11:30. 00:34:51
When the 30 is good, 11:30 yeah. OK, I'll eat a snack. I'll be good. 00:34:52
Yeah, can I bring Snickers please? OK. 00:34:58
1130 OK. 00:35:03
11:30 on. 00:35:05
May 10th. Friday, May 10th. 00:35:07
They will have a. 00:35:10
The amendment to Exhibit C. 00:35:14
And the bot finalization. 00:35:17
And I'll go ahead and put in the approval of the A&E contract. 00:35:22
All right, Amy, A firm OK. 00:35:27
11:30. 00:35:32
OK. All right. 00:35:35
11:30. 00:35:39
May 10th. 00:35:40
Got it. 00:35:43
All right, anything else done? 00:35:48
That's all I have unless you have anything else. I entertain a motion to adjourn. Couple questions on the make our move did did we 00:35:52
get anywhere with anybody on a testimonial? 00:35:58
Oh, good question. 00:36:04
I would be very glad. That's all right. It's not a gotcha moment. I just want to make sure it's still, you know, kind of. 00:36:07
On the list, OK and the other go ahead. I was going to say we definitely have probably 1-1 that. 00:36:18
With Bob's, Bob knows, probably. What's that? Oh yeah. 00:36:24
Very nicely. 00:36:27
We know a lot about this person. 00:36:28
Yeah, which is nice. Is that good or bad? No, it's been great. It's just. 00:36:32
That's been good. Is this any information? The other question was when would we know possibly about either Ready 2.0 or Lilly 00:36:37
funds? I know that we, I know that we were awarded some money. 00:36:43
Thank you. 00:37:25
OK. Any further discussion? Motion to adjourn. Motion to adjourn by Brad, second by John. All those in favor say aye, aye. We are 00:37:27
adjourned. Thank you. 00:37:31
Thanks everyone. 00:37:36
Look at that. And then Theresa, do you have minutes? You want us to? 00:37:39
Before you leave, Senator Milne, please. 00:37:43
Melissa, thanks for hanging in there with us. 00:37:45
We appreciate it. 00:37:49
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Oh yeah, that's what we were. 00:00:03
Yeah. 00:00:14
Yeah, Jess, I don't read her, OK. 00:00:19
We've got a quarrel, so you want to. 00:00:23
We're going to call the meeting to order the Redevelopment Commission. 00:00:25
Want to do Yep here. 00:00:31
Here. 00:00:33
Here. 00:00:38
Here, All right. And Jeff McCaffrey is absent. So we will move on. I'm going to move up a couple things on the well. Before we do 00:00:40
that, we'll go ahead and do the approval of the minutes. Has anybody had a chance to review the minutes from April 2nd, 2024 to 00:00:46
sell it, entertain a motion to approve? 00:00:52
So move motion by Brazzer, second, second, second by John, any discussion? 00:01:00
All in favor say aye aye. Motion is approved. We do not have any claims. 00:01:06
No, right. He even brought the big folder so you start charging by the panel now. 00:01:12
All right, before we get into the rest of our agenda. 00:01:20
I'd like to move the Galena tip discussion up because we got a couple gentlemen here that want to make a presentation with 00:01:22
everybody. OK with that, let's move them up the agenda, OK? 00:01:28
So you guys come on. 00:01:35
And Don, I don't know if you want to present. 00:01:37
Introduce this OK. 00:01:40
Just just a real quick introduction of what we're looking at. 00:01:42
Sure this is. 00:01:46
Yeah. Any comments? I just want to make sure I got the right name. This is a development Office 150 and it is part, you know where 00:01:49
Coffee Crossings is. They had approval for a mixed-use retail and 24 unit apartment complex. They are coming in to ask for that 00:01:56
area to be created as a tip. 00:02:02
That parcel. 00:02:10
Primarily because of utility consideration. 00:02:13
Later. So this is today is just really an opportunity for them to request. We've got just a draft of the declaration declaratory 00:02:18
resolution. It won't be acted on today. 00:02:24
But we the next step at the board so chose would be to go move forward with. 00:02:30
The Equatorial resolution process. 00:02:37
Yeah. And the piggyback on what Don's mentioned this, they came before us. Oh, Jason, it was yeah, in the fall, November. So they, 00:02:41
they came before us at that time with with their development plan and the need for some assistance on some of the utilities in it. 00:02:48
And we don't really have a means to do that right now or we don't have them. 00:02:55
The funding. So that's where this kind of discussion led to. So I'll let you guess, I'll let Jason talk about. 00:03:04
We're working with the folks at ARC on this development and as it came forward last year, there were some some gaps with regards 00:03:14
to the development and some of the funding related to site premise site development to make this a reality. The discussion back in 00:03:21
November was, you know, the, the identification of this gap and then the discussion on how the two parties could potentially work 00:03:27
together to overcome that issue and be able to develop this. We think it's a, a potentially catalytic project up in the Galena 00:03:34
area that could spur on. 00:03:41
Additional development. Partial retail. 00:03:50
The approach that we're looking at right now is one of an acknowledgment that there's limited resources available and so. 00:03:54
The seeking the establishment of of the TIF of that parcel and and potentially looking at some financing alternatives that don't 00:04:02
require any cash out of pocket from the. 00:04:07
Actually, Development Commission. 00:04:13
To be able to overcome other development hurdles in the financing that work is similarly more to a tax abatement. 00:04:15
Through that structure obviously the yeah can't do any of that until we establish a tiff. So this people the first step in the 00:04:25
process. Jason Sanchez with art to discuss any of the project planners anybody has any questions and we have. 00:04:32
Renderings and site plans and those sorts of things that have been distributed before, we can certainly get that out to the full 00:04:40
Commission. Yeah. And as a reminder, if you, if you guys remember, it was there was a commercial component on the front and then 00:04:47
there was how many, how many units did you have 24 apartments behind the commercial in the front? Yes, yes. The plan is described 00:04:55
as simple as you know, there's a 7300 square foot retail building that sits in front of the apartment, in front of 24 apartments. 00:05:02
And to the to, I guess you're looking at site to the right of coffee crossings. There's a field there, about 2.94 acres of 00:05:10
property. 00:05:14
That's the apartment buildings, three story. The retail building is one story. Nice mixed-use development that I think will be a 00:05:19
great asset to the Floyd County community in that area location. And you guys also Redid Coffee Crossing. Yeah. So we bought, 00:05:25
yeah, so we bought the property back in. 00:05:31
Cedar Creek, I think it's Cedar Creek, Cedar Grove, Cedar Cedar subdivision. Sorry, I couldn't think of the name exactly secret 00:06:12
something, but yeah, that's that's got our plan here. And so for this new TIF area we're talking about, would that include the 00:06:17
existing coffee crossing? 00:06:23
I mean kind of already developed. 00:06:33
Yeah. I think if there's anything to your point, it could include that if there's any appreciation on that. 00:06:37
Right. 00:06:45
Yes, we've already developed that and it's it's paying accounting taxes as. 00:06:47
I think we're probably, you know, Texas working their ears. So we should be at current tax rate right now based on improvements, 00:06:53
seems to stay pretty busy. Yeah, it does. It's been a great location. 00:06:57
I said he's that Alan Butts, which is our franchise operator. He's the mother. 00:07:03
So, OK, so this is just for discussion, Don, at this point. 00:07:09
Yeah. 00:07:14
Sorry, the next step for you all would be decide if you want to move forward and then. 00:07:17
We end up with decoratorial. 00:07:22
I know I can't get that word out. Resolution. It would start processing going Planning Commission, county commissioner to the back 00:07:26
to you for the public. And the need for this is so that once it's established as a TIFF, it opens up some possibilities for 00:07:33
funding options we would be looking at to make this happen to help. 00:07:41
The the funding gap that you guys have. 00:07:49
Structure to be able to. 00:07:56
Basically kind of as a pass through developer bond. 00:07:58
Where the proceeds from the tip would go? Paid bond for the infrastructure improvements. 00:08:05
Generally speaking, in this instance they would pay their property taxes and. 00:08:11
They come back to the Redevelopment Commission Commissioner. 00:08:16
Becomes an operational benefit rather than a development benefit, where usually it's. 00:08:20
Equity and or you're helping scale some sort of front end capital cost in this instance because of the like I said, the limited 00:08:27
resources we've got, this structure might work. So really they have to be able to absorb an upfront development cost. 00:08:34
Would we, would we? And I think we talked about this maybe outside of this meeting briefly I. 00:08:42
When we keep the TIF area. 00:08:49
Small for now, or does it make sense to look at? 00:08:52
The bigger area, a larger area, I think this is just a small, small tip. And then I think if the redevelopment Commission and they 00:08:56
all had those discussions back in November looking at the future and looking at that Atlanta corridor, I think that would take a 00:09:03
more in depth plan. You could always amend it because. 00:09:10
The answer to this, but if you're asking for just a single parcel. 00:09:17
You're asking for a single parcel. 00:09:23
For this new development, correct? OK. 00:09:25
Right. That's what I'm saying. Well and developer purchase bonds, they're going to purchase the bonds. The TIF revenue that comes 00:09:28
in or most, most of the TIF revenue comes in goes back to the developers is essentially like a long term tax abatement. 00:09:34
I mean the diff revenues, the increment from the what they're asking for. So it really is the parcel we're identifying is just the 00:09:40
parcel you're constructing on. It doesn't do any good to add other parcels that already are developed that aren't going to have 00:09:46
that TIFF increment. I was just in general I wanted to make. 00:09:52
It expanding your tips beyond that, right? 00:10:02
Be encompassed potentially with an issuance so 10:00 on it, but it would open it up for yeah OK. Some of our other TIF properties 00:10:08
we sort of connect them you got one row that right to the other this would start that process it could so you you wouldn't take 00:10:13
the. 00:10:18
The Highlander point area and take it out 150 and connect it. 00:10:24
Much cleaner in terms of business. Yeah, yeah. 00:10:33
Absolutely, it's probably if this ones going to have an instrument for an obligation associated with it. Probably cleaner because 00:10:38
it'll be tattoo. That's why I was asking. 00:10:44
Yeah, so. 00:10:50
There's no action for us to take but. 00:10:54
What's Justin? What do we, How do we just? 00:10:58
So now we know there's one parcel, we create a plan and come back with a declaratory resolution at our next meeting, at our next 00:11:00
meeting, OK. 00:11:05
OK. Is it? Yeah. 00:11:11
I'm good with that. I mean, do we need a motion I do that, I don't know do is it a motion that we need or just? 00:11:12
Don can prepare it. I mean, if you want to make a motion to direct on to move forward with it, you can. But you'll, you'll have it 00:11:18
at your next meeting on the agenda otherwise. 00:11:22
If we don't need any action, I think that's fine. Unless. 00:11:27
You want it in the record. OK. And entertain a motion to direct Don to proceed with preparation of a declaratory resolution in all 00:11:31
documents needed to present to us at our next meeting for the Galena TIFF. 00:11:38
So moved motion by Brazzer second. 00:11:47
Second, second by Rich, any other discussion that's I guess that's. 00:11:50
OK, all those in favor say aye. 00:11:55
OK. So Don, you can get with them and. 00:11:58
Pull together everything. 00:12:01
Yeah, let's call it the Glean of Comments. Can we? Yeah, clarify that, Theresa. Just make sure you call it that, Lena. Commons 00:12:05
tip. No, that's a good point, Commons. Yeah. 00:12:11
Yeah. Thanks, Jason. Thanks for that clarification. 00:12:18
Yeah. 00:12:23
All right. 00:12:27
OK, back to our. 00:12:28
Back to our regular agenda. Done. You've got the floor. 00:12:31
Reports. 00:12:34
Just for your just for your information, I enclosed or the fund reports. 00:12:36
I will talk a little bit about E which is make my move. We have our fifth person who has moved. We have met the bridge agreement 00:12:41
and satisfy that. And so next hopefully either today or first thing tomorrow, we'll be submitting for the remainder of the IEDC 00:12:49
funding for round one. 00:12:56
Mr. Pike with make my new is a is a is a. 00:13:08
Very energetic man has already wanted to talk to you about second tranche of funding and a second round of a bit of the project I 00:13:13
will tell you. 00:13:19
Right now we have 55 movers, 11 have been, we have in addition to those five, we have 11 accepted and seven offered. So he's he's 00:13:27
at the point where he feels and it and it has kind of picked up I think in terms of some of the the subcommittee in terms of. 00:13:37
Movers so and supposedly today they were going to be on good morning Mary. So he thinks that's going to we seem to be getting a 00:13:47
flood of just applicants now I mean you think so. 00:13:53
It's steady. It's more and I think that's one of the things he did say and some of their staff in terms of now it's a time for 00:14:00
most folks to get. 00:14:04
If they children, they get through, I start thinking about. 00:14:10
I will bring you back a full full report and, and, and and more detailed information He sent me kind of an overview of what that 00:14:15
second grant if you all wanted to pursue that would be. 00:14:20
I haven't really had a chance for you to delve into it and I'd like to do that and present something back to you soon. But we did. 00:14:28
We did hit that mark and we are now into. 00:14:33
Getting that second, second Toronto fund. 00:14:40
Good. There's no public present. I mean, Melissa is here for something else. So we'll unless you've had something you want to 00:14:43
bring. So we'll proceed ahead. 00:14:48
Next time just you just need to. 00:14:55
Recess your current meeting and have a public hearing. This is the conformatory resolution for the red wire, red wire tip 00:14:59
allocation area that has been passed by you all initially. Planning Commission has passed this, County commissioners have passed 00:15:05
this, and now it's back to you as a final step. 00:15:11
So we'll entertain a motion to I guess we put this meeting. 00:15:18
To leave or does it matter? I don't think it matters. No, no, I don't think at this point it does. 00:15:24
So I'll make a motion that we suspend the regular meeting, open up the public hearing. 00:15:32
Second. Second by John. 00:15:38
All those favorites say aye aye. All right, we will now. 00:15:40
Begin the public hearing for the Red Wire TIF allocation area and plan. 00:15:45
And this is a. It's a. 00:15:49
An allocation area for the building site for red wire. 00:15:52
Located in Over Park. 00:15:57
Give you some background, you all had a hearing regarding the the building and the and the bot agreement and send a recommendation 00:16:00
to the county commissioners. They approve that recommendation at their meeting on April 2nd with Sherman to construct the building 00:16:07
for roughly $9.6 million. 00:16:13
This also includes I US space as well the 5000 square feet and it's also being funded through the ready. 00:16:21
Allocation already 1.0. 00:16:30
So this will collect from Kroger analysis was roughly about $125,000 annually. 00:16:32
In addition to the lease payments. 00:16:40
In terms of increments, so. 00:16:45
That's kind of an overview. Have any questions? I'd be more than happy to answer. 00:16:49
So, yeah. And so the technical thing you're doing here is receiving any written remonstrances. I don't think anybody's made any, 00:16:54
any public comments on the confirming this. And we're essentially taking a couple parcels out, creating a separate allocation area 00:17:01
for the for the construction for the parcels. There's two parcels I believe. Is that right? Don't know. 00:17:08
So, Justin, we're taking this out of existing TIF. 00:17:17
So does that, so it's. 00:17:22
Go ahead. Does that then reset the base line for? 00:17:25
Or does it? Does it grandfather in when we first did that? 00:17:31
So it doesn't reset a baseline of taxes the. 00:17:35
Taxes are. 00:17:38
What they were in January, the base, I think. 00:17:41
It does reset a timeline for the from your limit for 25 years from the first instance of debt. So you haven't, you know, whenever 00:17:45
debt is issued. So this year you'll have that time period. 00:17:50
But the the increment will be based off of, if I understand correctly, January 1st. 00:17:57
Assessed values and then whatever the. 00:18:03
Increases that delta between there are those taxes. That's what Crow does the analysis of. I don't, but that's what they're. I 00:18:05
think those are the numbers you're using off. It doesn't go back to before we build streets or anything. 00:18:12
It's what it is, but it does reset it as a separate. 00:18:19
I think that's the intention. 00:18:23
So So what? What is the? 00:18:25
Calculated value for the assessed value from the time we started that till. 00:18:29
Now, right now it's assessed at 0 because it's it's redevelopment property. 00:18:34
Good enough? 00:18:40
OK, better now. 00:18:42
OK. 00:18:44
Is there any action that needs to be taken? No, that we're not, not here. We're just in the public hearing right now. 00:18:46
All right. Yeah, See. 00:18:54
Seeing no. 00:18:55
Comments presented. We'll close the public hearing. Motion to close the public hearing and motion by grant second by John. I was 00:18:57
afraid to say aye aye public hearings closed and we'll reconvene our our. 00:19:04
Bring our meeting out suspensions how you do it. I don't want the best term. 00:19:11
No longer suspended. We'll restart the restart the regular meeting. 00:19:15
Right, Don, you're still up. I think you have before you a resolution for the conformatory. 00:19:19
Yeah. Does that have a number? 00:19:29
Four, this is checking her fabulous. 00:19:32
2024 dashboard. 2024 dashboard. Oh, you filled it out OK, I didn't see that. 00:19:37
Is everything good on your end about that? 00:19:44
So it entertain a motion to approve resolution number 202404, a resolution of the Floyd County Redevelopment Commission declaring 00:19:47
an area in Floyd County as an economic development area and approving the economic development plan for the second area. 00:19:54
Can I ask one question which may be what you were just doing? 00:20:03
The second paragraph there the amending the regular. 00:20:06
The initial resolution in February, did that have a number? Did you fill that in? 00:20:10
And 2024 something. 00:20:15
You can. You can see it in your. You have a little blank there. 00:20:20
Where Where are you at? 00:20:25
Second paragraph, first one or two. 00:20:27
Second line, second line, It's either one or two. 00:20:30
Yeah, it's February 20th, 2024. Whatever that resolution, it's resolution to. 00:20:34
Hold on, let me look at your I'm not. 00:20:42
It's not that confirmatory. This is a different. 00:20:52
Yeah, yeah. 00:20:57
This is a different resolution. 00:20:59
The 24 is for Galena Commons. Yeah, that's not the only one. 00:21:01
After I read through that, I was reading the rest of the document. 00:21:07
Scratch that. 00:21:10
See forward Show me the numbers. We just have the Oh yeah, good catch. 00:21:12
Why is this? Was that? Was that in the packet electronically but didn't get in the hard copy packet because I printed that out? 00:21:19
That's for me. 00:21:22
I didn't send that out, but I received it. Yep, I got you. 00:21:27
It should have been. 00:21:32
Do you have? No, No. 00:21:34
I don't know that Don sent that out, if I remember correctly. Not, not this morning. The one this morning was the Galina. Yeah, 00:21:37
this is the conformatory resolution that's not in our packets. A different this is Galina. 00:21:44
Yeah, this is the one that. 00:21:53
Yeah, right. 00:21:55
That's this one. This is what he sent out this morning. Yeah, it's not this morning. Oh, it is. OK. OK. All right, so we're still 00:21:57
with the same resolution. Yeah. You just now have it in front of you. We're on the same resolution. This is the resolution. But 00:22:05
the second paragraph, though, what did you say? That resolution number was 2-2-2. So this is the confirming resolution approving 00:22:12
the amended amendment to the declaratory resolution for the editor, 100 Point Gateway Economic Development Area. OK. 00:22:20
Which is for the red wire. 00:22:29
And if you look in that second paragraph, that's where we talk about those couple parcels we're talking about. Yeah, I've got it 00:22:31
now that that makes more sense. 00:22:34
OK. So is there a motion to approve? 00:22:39
I'll make a motion to approve the 2024-4 with the amendment of adding Dash 2 as the amended. 00:22:44
In paragraph two, got fill in the blanket OF-2. Got it. 00:22:51
I'll 2nd. 00:22:57
Motion by Brad, second by John. Any further discussion now that we've got this clarified? 00:22:58
All those in favor say aye aye, motion carries and get everybody to sign this. 00:23:04
OK, Don, you can keep going. 00:23:12
Just to give you a quick update on you have on your agenda about the contract with Sherman that actually should be is going to be 00:23:16
tabled and that actually gets signed by the county commissioners. 00:23:20
So. 00:23:27
That that item, this declaratory that we just approved though you're, you're going to finish it out with the auditor and the LGF 00:23:29
just to make sure because I know we've had. 00:23:33
Just make sure the auditor does their piece of it. 00:23:39
Actually, I send all this stuff to Brandon. 00:23:43
Still do it. OK, sorry. 00:23:47
So just ask that be tabled off. 00:23:52
To kind of give you a kind of. 00:23:55
OK. What else going on there? 00:24:02
Thank you. 00:24:06
Are we on Nova Park, the bot or the Nova Park contract? 00:24:08
Be tabled for Commissioners item. I would entertain a motion to table. 00:24:13
Item The Nova Park building contract Sherman. 00:24:18
I'll table it for the commissioners. 00:24:24
Motion by Perez or second second talking about rich all those favor say aye aye. It's table. 00:24:27
And I don't know if, Richard, you might talk a little bit or possibly just kind of there's a ground breaking the 31st. 00:24:35
Right now it still looks like the 31st. 00:24:43
We had a commitment from the governor to come and he's now going to be leaving the country for a trade mission a little earlier 00:24:47
than he thought, although they still may if we want them to record a reading or a, you know, well wishes for us. So I think that. 00:24:54
I would take him up on that. I've reached out to Senator Young. 00:25:03
Who's, you know, even before he ran for Congress, he was kind of a friend of the company, kind of came by and got to know us a 00:25:08
bit. 00:25:12
To see if he can come and maybe say a few words. 00:25:17
And then I know. 00:25:20
Representative Houchin also would like to come. 00:25:22
And so we're looking at probably 10:00 AM on the 31st and and if that doesn't work with those folks, maybe back up a day. 00:25:26
31st is a Friday, so maybe at 10:00 AM on the 30th. 30th if let's say Senator Young. 00:25:34
Can't, can't make it. If he can't make it at all, then, you know, I'll probably reach out to Senator Braun anyway just to see if 00:25:43
just make sure they're aware of it. But Senator Young has had a long time, you know, connections in support of. 00:25:50
The company and the project, so love for him to be able to kind of be there for that. 00:25:59
This is May 31st, May 31st. 00:26:05
So come get your silver shovel. Yeah, putting that in here now. 00:26:11
May 31st, 10:00 AM. OK. 00:26:16
And I think there's a draft run of show on. I think you may have that somewhere. Did Austin send you send you that or maybe I've 00:26:18
just got that, OK. 00:26:23
Yeah, certainly one. 00:26:30
You know, commissioners to be there, council members, everybody and. 00:26:32
So that's that's what we're shooting for developing more quickly by the day now. So we'll. 00:26:37
Once we get some of these politicos. 00:26:42
Confirmed. Then we'll make sure everybody else knows. 00:26:45
But I penciled that was those two dates in right now if you could, OK. 00:26:48
Congress is back in session the next week, so that's why we're trying to. 00:26:54
Get it in. 00:26:58
In May. 00:27:00
And I guess, Jeff? 00:27:02
May or may not be ready to actually. 00:27:03
Great ground around that time. 00:27:06
This should be really close to that. 00:27:11
That is the other thing we we did take in. 00:27:13
RFP's for architectural. 00:27:19
Services. 00:27:22
I didn't need a small penny to review those two applications. We went through that process because then that allows it to be 00:27:24
eligible for ready funds. So that is one item that for Building 5 architectural service. 00:27:31
I mean, I, I think you definitely, yeah, yeah. 00:27:42
Thank you. I think Jeff should be on there. Sounds good. 00:27:48
I'll get that out to you. Is there a motion to appoint those two members to the committee? Motion for that. Brad makes that motion 00:27:54
I 2nd. 00:27:58
This paper say aye aye. 00:28:04
Anything else we need to appoint Jet to? 00:28:10
And the last item that I have is just give is the give you an update on Edwards school school project. We have two meetings this 00:28:16
morning regarding that. And then talk a little bit about the bot agreement which I believe is has been kind of circulated 00:28:24
internally with with council and it needs to be circulated out to you all as well. To give you kind of a real quick overview 00:28:32
tomorrow will be the bonds will close and those funds will be wired to the county for disbursement. 00:28:40
Had a meeting this morning at 8:30 with Mr. Sprigler. Got his schedule. He's looking to start construction on the apartments 00:28:50
mid-july to 1st of August. 00:28:55
Mac who's doing our component of public infrastructure is supposed to be done completely I believe in November once their part of 00:29:02
it the building component he is getting. 00:29:09
Demolition has taken place, tuck pointing of Masonry's now occurring. We're to meet prior to his roofing contractor to start on 00:29:17
the roof which is mid-May and then with that completion that should be completed mid-july. We would be looking to have that 00:29:26
building transferred to the county probably redevelopment sometime. 00:29:35
August, September is the time frame we're looking right now. That would be that, that would be given that's a building that is 00:29:46
pretty much a shell building with a new roof. 00:29:51
The ready funds application is due in July. The Regional Development authority, their board actually took a tour as part of the 00:29:57
Floyd County projects 3 weeks ago I believe. 00:30:04
Three to four weeks ago, they seemed very interested in the project. We believe that if there's a subset of money about ten, $50 00:30:11
million that is really money that's tied to ready, but it's actually separate five, it really looks like that would be a, this 00:30:18
project fits very well into their eligibility. 00:30:26
Criteria so. 00:30:35
That's kind of an overview of the building if signalization signal is supposed to be completed in three weeks. 11 item 2 Justin, 00:30:36
we talked to him this morning about amending Exhibit C and they're totally on board with that. They didn't have any concerns, but. 00:30:46
I'm assuming we'll need to take action on that. So what they're amending is the capacity fees from the Georgetown sewer that the 00:30:56
developer will pay for those for the school instead for the school. So it's about $77,000. 00:31:03
Fee to click on to the torch sensor. So they're going to pay that fee. They acknowledge this morning that they just need to put it 00:31:12
specifically. They just need to put it specifically in Exhibit C that we already have. They're going to amend that. Well, we're 00:31:17
going to do it. We said we'd send over an amendment, that's what. 00:31:22
What we had told him this morning and what you sent me is the last version. I guess Don the. 00:31:28
With the exhibits attached. Yes, that's what I have. 00:31:33
So, yeah, Don, do we need to schedule a special meeting to act on that amendment? 00:31:38
Along with the OT agreement with Mac, yeah, we'll circulate the dress and I talked a little bit beforehand about getting that that 00:31:43
contract out and in front of everyone prior to. 00:31:49
Yeah. So you've approved entering into a contract with ABOT agreement, the actual agreement and we have a draft. We've sent them 00:31:58
back comments. I talked to them. They're supposed to give me comments either later today or tomorrow back from Mac to hopefully 00:32:03
their final. And yeah, that's I'm just saying that's the timeline. 00:32:09
Work this Exhibit C in as well do we want to look at late next week? 00:32:15
I'm just throwing it out there. Is that Justin's? I think that's it. We just need 48 hours notice after we get some. 00:32:20
Late next week would be fine. What should be? 00:32:28
Like what does I'm just so the nine at the. 00:32:32
Is that what you're looking at? I'm looking at the 9th or. 00:32:36
Yeah, I could. Yeah, the 9th would work. 00:32:40
If that's if we're just having a special meeting for that. 00:32:46
Do the 9th at 10:00 AM. 00:32:49
I can't. I can't. I got a commitment that morning. 00:32:51
Check my other calendar. 00:33:00
Yeah. 00:33:02
What? What does? 00:33:08
What does Wednesday look like for everyone? The 8th. 00:33:15
In fact, I'm gonna be out of town that day. I'll be out of town, Andy. 00:33:20
Oh, sorry, the the. 00:33:23
The 10th is bad too. A tenth I think is Good Friday the 10th, 10th at 11:00 AM or not. I have at 10 something I need to do but I I 00:33:25
could do 11. 00:33:30
It's 11. Check bread. He's the one down there. Yeah. When how long is the meeting? It should be short. It's we're only going to 00:33:35
have that on the agenda. 00:33:39
Anything past 11:30 I guess. No, no, no. I got to get out as well. 00:33:45
So 1111 thirty. Yeah. 00:33:49
Is it RDA meeting that day on the? 00:33:51
It's usually the 2nd. 00:33:55
Friday. 00:33:57
Can we do it early? 00:33:59
Yeah, I mean. 00:34:02
I have a 9:00 meeting, but I could could. 00:34:04
It's going to be quick. How early can you meet Brad on Friday? 00:34:07
Friday can't get you out of bed early. Well, I just take I can get here by safely by 9. By 9:15 I take the kids to school so I can 00:34:10
get here close to 9:15. 00:34:17
Yeah, I can't do that. 00:34:27
You can do 10 though. Well, I can do 10. It'd be close. I've got a 9:00 AM meeting. 00:34:29
I mean, I can move my 10 maybe or just it's a 10:00. No, it's at 10. 00:34:35
So 11 sort of work, can't do 11. 00:34:44
I'm like pushing it too close. 00:34:48
11:30. 00:34:51
When the 30 is good, 11:30 yeah. OK, I'll eat a snack. I'll be good. 00:34:52
Yeah, can I bring Snickers please? OK. 00:34:58
1130 OK. 00:35:03
11:30 on. 00:35:05
May 10th. Friday, May 10th. 00:35:07
They will have a. 00:35:10
The amendment to Exhibit C. 00:35:14
And the bot finalization. 00:35:17
And I'll go ahead and put in the approval of the A&E contract. 00:35:22
All right, Amy, A firm OK. 00:35:27
11:30. 00:35:32
OK. All right. 00:35:35
11:30. 00:35:39
May 10th. 00:35:40
Got it. 00:35:43
All right, anything else done? 00:35:48
That's all I have unless you have anything else. I entertain a motion to adjourn. Couple questions on the make our move did did we 00:35:52
get anywhere with anybody on a testimonial? 00:35:58
Oh, good question. 00:36:04
I would be very glad. That's all right. It's not a gotcha moment. I just want to make sure it's still, you know, kind of. 00:36:07
On the list, OK and the other go ahead. I was going to say we definitely have probably 1-1 that. 00:36:18
With Bob's, Bob knows, probably. What's that? Oh yeah. 00:36:24
Very nicely. 00:36:27
We know a lot about this person. 00:36:28
Yeah, which is nice. Is that good or bad? No, it's been great. It's just. 00:36:32
That's been good. Is this any information? The other question was when would we know possibly about either Ready 2.0 or Lilly 00:36:37
funds? I know that we, I know that we were awarded some money. 00:36:43
Thank you. 00:37:25
OK. Any further discussion? Motion to adjourn. Motion to adjourn by Brad, second by John. All those in favor say aye, aye. We are 00:37:27
adjourned. Thank you. 00:37:31
Thanks everyone. 00:37:36
Look at that. And then Theresa, do you have minutes? You want us to? 00:37:39
Before you leave, Senator Milne, please. 00:37:43
Melissa, thanks for hanging in there with us. 00:37:45
We appreciate it. 00:37:49
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