No Bookmarks Exist.
Well, you know, I mean. 00:00:01
For Danny and House. 00:00:03
Sake. I mean a lot of these things. 00:00:05
We've been talking about forever. 00:00:07
Yeah, you know. 00:00:09
I might prefer paper. I can do the line. 00:00:12
The overwhelming majority. 00:00:15
Yeah. 00:00:18
Renewable resources. 00:00:23
No, no. 00:00:29
Gracie, you want us? 00:00:31
We were milling them all from stuff we're clear from the dam. 00:00:32
You have to dry out for 30 years, but. 00:00:37
See if she's ready. 00:00:41
Yeah. 00:00:48
That's what I don't make hard. 00:00:49
Government legal pieces. 00:00:54
Yeah. 00:00:55
Home at the county gift shop. 00:00:57
Downstairs. 00:01:01
Mm-hmm. 00:01:02
Whenever you're ready, Teresa will get. 00:01:06
Start. You ready? Oh, OK. 00:01:08
We're going to call our workshop. 00:01:11
Meeting to order will. 00:01:14
No actions can be taken in this but. 00:01:16
This is a workshop. 00:01:18
For the Redevelopment Commission, just to catch everybody up to speed on a lot of endeavors we have going on, Don's gonna. 00:01:19
Go through a. 00:01:25
Presentation just. 00:01:26
Or what the Redevelopment Commission does, what our statutes are, that kind of stuff. 00:01:28
But. 00:01:34
You want to let. 00:01:35
Completely group go before that and then because they're the Wheatley groups here. 00:01:36
We'd ask them to help us with. 00:01:41
A potential development at Tunnel Hill. 00:01:43
And I put in front of you. 00:01:46
Up some documents, but the top one is the Tunnel Hill development. 00:01:48
This is a development that Bill Sprigler. 00:01:53
Wants to. 00:01:55
Take on. 00:01:56
And he's asking. 00:01:58
For county's assistance with some of the infrastructure costs. 00:01:59
Namely sewer and water. 00:02:04
We've had discussions with the town of Georgetown and Edwardsville Water. 00:02:08
They're both on board. 00:02:13
To. 00:02:15
To serve this site. 00:02:17
But uh. 00:02:19
Somebody has to pay for it. 00:02:20
So that's that's where. 00:02:21
We've asked a Wheatley group to come in to see if. 00:02:24
What are the funding options available to us to? 00:02:27
To assist. 00:02:31
In this if we could assist into it, so could it be the TIF monies? 00:02:32
Helping back bond. What is it so that's. 00:02:36
Why We've asked Wheatley Group to come before us. 00:02:39
And I don't know Paul or naked point of view, I want to just explain what our options are going to be and. 00:02:42
When I we can't act on your proposal until our meeting, but you can give us the yeah, absolutely. And so the basis of our 00:02:48
engagement again is with. 00:02:53
This this Redevelopment Commission. 00:02:58
Supporting your team and assisting that effort and trying to encourage this development along evaluate it. 00:03:00
Coordinate some of the efforts and help with some project management. So we have several different elements related to the tunnel 00:03:06
mill project. 00:03:10
Again. 00:03:15
Helping this team conduct the orchestra a little bit and evaluate the project and the various funding sources or. 00:03:16
Or bonding mechanisms that may be available. 00:03:23
So that's that's one portion of it. And then we have just some some general items within that engagement too. 00:03:25
Related to some utility coordination. 00:03:31
As well as some general on call services and this. 00:03:34
Engagement just establishes that working relationship between the Wheatley Group and the Redevelopment Commission. It's it's 00:03:37
hourly, it's not to exceed. 00:03:41
We're on call, generally how we propose this. Yeah. And one of the things gasps, you'll know. So Don and I were talking to him 00:03:44
about because Sprigler's been in front of us. 00:03:49
For years with different. 00:03:55
Different options for this piece of property and we keep asking him what? 00:03:58
What will IT support because? 00:04:01
We, we want to know. 00:04:05
What, what are the best options? And as we got to talking to it, we're like, well. 00:04:06
We think it's going to have to be. 00:04:11
A developer backed Bond. 00:04:13
Is what we think, but. 00:04:14
You guys see if it even pencils to see if it. 00:04:16
Works or not? 00:04:18
Correct. And we'd work in coordination with your financial advisor and. 00:04:20
Financial Council as it comes to that, but doing some preliminary analysis on the front end, ensuring there's ROI for both 00:04:24
parties. 00:04:27
That the structure works. 00:04:30
Both for the developer and delivers the return of this Commission's looking for. 00:04:31
That really drives some of the options and structures, whether it's a developer backed or some sort of reimbursable or. 00:04:37
Or there's some other mechanism out there? 00:04:42
We can look at. 00:04:44
Yeah, because the three things I think. 00:04:45
Don tell me if I've heard, if I remember this wrong, the three things that Sprigler would like us to participate in if it's 00:04:48
feasible. 00:04:51
If the if the funding. 00:04:55
Backs it up is the. 00:04:56
Extending sewer to the site, water to the site and Tunnel Hill Rd. improvement. 00:04:59
Yeah, OK. Those were the three things. 00:05:04
Another three main things that. 00:05:07
Natural gas comes up. 00:05:09
He spoke about that, but the remaining of water, sewer. 00:05:13
And he does not have any tenants lined up. 00:05:17
So, umm. 00:05:19
He's talked about a hotel, he's talked about restaurants, he's talked about different. 00:05:21
Things. 00:05:26
But to our knowledge he doesn't have anything and I believe. 00:05:27
And Nick, you, you're very familiar with this one. 00:05:30
This was just a zoning approval, right? 00:05:33
Yeah, it's concept plan for example. 00:05:36
Right. 00:05:39
Yeah, so he still has to come back for that. 00:05:43
Yeah. One of the things too that we'd look at would be just overall the the phasing. 00:05:46
Of the project. 00:05:52
Minimizing exposure and risk on the on the Redevelopment Commission side, ensuring that, you know, funds are delivered back to the 00:05:55
project on a performance basis. 00:05:59
Again, just try to eliminate. 00:06:05
And minimize that risk on this body side while also encouraging the development. 00:06:07
I mean, we'd like to see it as you saying that, well, I I can't get these people to really decide until I know I've got control of 00:06:12
this and I can do what I want. 00:06:16
No. 00:06:21
I don't know. I don't know what his discussions have looked like he's trying to get a handle on. 00:06:25
His costs? 00:06:31
So he can figure out if he can make the development. 00:06:33
Work or not? 00:06:36
Because he's he's got. 00:06:38
A contractor involved. 00:06:40
Chris Jackson Christianity. Sorry. 00:06:45
Drew a blank permit. 00:06:48
He's got them involved looking at. 00:06:49
What are the development costs for all the site? 00:06:52
So he's pulling together all this infrastructure costs. 00:06:55
To see OK what? 00:06:58
What's it going to take to to make this thing work in reality? Because I don't know that he's given anyone any. 00:07:00
I'm assuming this. 00:07:05
Until he knows his numbers, I don't think he's gone out and tried to market. 00:07:07
A particular lot yet, yeah. 00:07:11
So anyway. 00:07:13
Does he own this track? 00:07:16
I don't know if he has an option or if he owns it outright. 00:07:18
He's acted as if he has control of the property. 00:07:21
Yeah, there was a the reason, the ones that. 00:07:25
That's not shaded. 00:07:29
That was the last piece he acquired or was trying to acquire. 00:07:31
Because I think that was brought in later, right? He did an amended. 00:07:36
Came back later. 00:07:44
Yeah, that's what I was. That's what I was thinking too. So. 00:07:45
So yeah, he, I didn't know if he physically owned or if he just had an option to. 00:07:48
Purchase SO. 00:07:52
Anyway, I thought it would be helpful to have Wheatley here. 00:07:55
They've been a great resource for the county over the years and. 00:07:58
We really. 00:08:03
I think. 00:08:05
We're gonna lean on their expertise to help guide us and the best. 00:08:05
Option available to us because we have certain tools in our toolbox we can use. 00:08:09
It's kind of too bad because we we've used them across the street and there's lots there that are kind of them all around. 00:08:15
And my understanding is that's controlled by the. 00:08:24
Loftus family and I believe they're still looking to do some. 00:08:28
Yeah, I've talked to him about that, to Jeremy, Yeah. 00:08:33
Yeah, so. 00:08:36
Yeah, Donna mentioned gas, which we're going to talk about that, but that's a big piece for this whole corridor. 00:08:39
If we can somehow. 00:08:45
Make that work. 00:08:47
But we just know that. 00:08:49
Any TIF dollars can only go so far, so we don't. 00:08:51
We want to. We want to know what? 00:08:55
Is the smartest thing for the county. 00:08:58
If we're going to support something. 00:09:00
Is he trying to get these two southern lots? 00:09:02
Don't know, do you know Nick Meyer and. 00:09:07
Delaney's still. 00:09:10
OK. 00:09:13
That that Myron Stigler or Delaney. 00:09:15
Yeah, that's a good point out because. 00:09:23
That is obviously the last the two pieces you're kind of landlocked after that, I mean you're. 00:09:26
You know your Rd. frontage on all sides. 00:09:32
Yeah, I hate that film, but that's. 00:09:37
The realities play out all the time. 00:09:39
So I don't know if anyone had questions for him if it is on our regular meeting agenda their their proposal. 00:09:45
To assist us. 00:09:51
And I like that you kind of just made it hourly and. 00:09:53
That way we can tap into you for other things when needed. 00:09:56
Because we have a lot of things. 00:09:59
And. 00:10:03
We do, we do need their expertise. We need someone's expertise and they're they're local, which I really like. 00:10:05
What's the feeling of the? 00:10:14
The board here about. 00:10:16
What I'm saying like chicken and the egg, I mean, is this? 00:10:19
Something that is inevitable that this tract is going to be. 00:10:23
Probably it's been identified to be to to. 00:10:26
To be a mixed-use type commercial development, we'd love to see it happen. 00:10:29
I mean, you got to have utilities there to do it. 00:10:33
And at this intersection. 00:10:38
If I think about what else is around here, I guess we got the school. 00:10:40
Kind of on the other side of on the other side on 62, yeah. 00:10:44
Yeah, you got the school and the church property there. So is this the only tract that? 00:10:47
Development at the interchange? No, I mean. 00:10:53
You've got technically the church controls it, but to the right of Edwards or United Methodist Church, there's a there's a big 00:10:56
track there. 00:10:59
That could I mean. 00:11:03
They they, they control it. 00:11:05
You got all the Loftus piece that. 00:11:08
It will at some point. 00:11:10
We developed in some way. 00:11:12
That's probably about it, because after that you got the cemetery. 00:11:17
You're not going to see much. 00:11:21
Much else. 00:11:23
It is set up. 00:11:25
County has already completed the improvements 3 of the legs for the intersection where the light there's going to be a traffic 00:11:27
signal that induct. 00:11:30
Says it's warranted there. 00:11:34
Once this development goes right. 00:11:35
I feel stronger about. 00:11:39
Participation or doing some things if I knew how strong his conversations are with some of these people. 00:11:40
I hate to do some things and spend money and then it. 00:11:46
He still can't deliver. 00:11:49
I think you, I think you look at it though in terms of this is our piece to help entice development in that corridor. 00:11:50
It it's it's a. 00:11:57
It's a commercial piece that's going to. 00:12:00
Need these services, whether Bill does it, you do it, I do it, whoever does it. 00:12:03
It's going to need that. 00:12:09
So it's a later. 00:12:11
Somebody says is sewer available to this area? It will be. They have to extend sewers down at, you know one. 00:12:13
And it has to be extended down to Georgetown and water. 00:12:20
Is just on the other side of the cemetery. 00:12:23
And they have to extend across. 00:12:26
Front or back, everyone look at it at the cemetery to get there. 00:12:29
I might just add like what our approach would be on that to that very question and it's really kind of yes, quick, no quicker. 00:12:34
And so outlining. 00:12:40
The cost benefit, the risk reward proposition and The Who bears the cost side of it. 00:12:43
You know, you're, you're wanting to look at the phasing plan that Mister Sprigler is. 00:12:47
Deploy and then you're looking to. 00:12:51
You know, look at the cost structure that they're asking you to do. 00:12:55
Does his phasing plan cover that? 00:12:58
And is there a way to structure it? 00:13:00
Without a. 00:13:02
You know. 00:13:03
The way you would kind of stair step down the list is. 00:13:04
A developer A. 00:13:07
Completely municipal. 00:13:08
Backed bond, right? You're throwing your full credit behind it. 00:13:10
What I think I just heard is you guys would consider it with the developer back Tiff, that's where they're kind of. 00:13:13
Either. 00:13:19
Treating it in the form of an abatement. 00:13:20
Or they're through their lender or some other entity is bringing the dollars to close. So you're transferring that risk onto the 00:13:22
developer. 00:13:25
1/3 option that we have seen communities deployed. 00:13:29
Is more of a reimbursement. 00:13:32
Arrangement and so. 00:13:34
Discovering where Mr. Sprigler is at in his process with his phasing, who he is talking to. 00:13:36
I can't stand here and answer that right now, but that would be. 00:13:42
Our approach to try to ascertain what is, is and then from there. 00:13:45
Help you guys negotiate a deal that you know. 00:13:49
You know, finds the center of the van or in our office, we call it the Goldilocks zone, right, where everybody's kind of sharing 00:13:53
in the risk reward proposition. So that would be our typical approach. 00:13:57
Thanks. 00:14:01
So Galena. 00:14:03
We're doing some some. 00:14:05
No, they, they were not doing, they, they, they asked us to look at it. And actually I think you all may have looked at that one 00:14:07
for, for the developer. 00:14:11
We may be looking at the. 00:14:15
OK, well. 00:14:17
So maybe it's coming back, but. 00:14:18
Right now. 00:14:20
Didn't do that. We haven't done anything. 00:14:21
I would say once we. 00:14:26
Give a verbal. 00:14:28
You know we're interested, or we can make this work. 00:14:31
Things will start. 00:14:36
You're filling in nicely. I think so too, and. 00:14:38
Just make sure we're ready for that because. 00:14:42
Can't unring that bell once you know. 00:14:45
For me. 00:14:49
These BD and E. 00:14:51
Will go quickly. 00:14:53
The way. 00:14:57
You know, the faster food. 00:14:59
Restaurants and. 00:15:01
Coffee shops are now. 00:15:03
They've got their building down to a science, and they know. 00:15:04
They can get it within $10,000 when they build. 00:15:08
They know if it makes sense, and they can. 00:15:12
They can look at something. 00:15:14
Probably slightly a little bit more detailed than this with traffic numbers. 00:15:16
And. 00:15:20
Give you a yes or no and then a couple days of, you know, if they're interested so. 00:15:21
You know the bigger piece. 00:15:27
The hotel and then. 00:15:29
The out lots. 00:15:31
H&G might take a little longer, but. 00:15:33
Once the bulldozers start moving. 00:15:38
You know. 00:15:41
Everybody gets on board. 00:15:43
And it's a highly visible site that they how I was just by there, yeah. 00:15:44
You can't miss it. It is. 00:15:51
If we if if the approach is 1 where we structure this correctly, it is performance based. I mean the the idea is that he's going 00:15:54
to be well incented. 00:15:59
To not have that carry cost burden of the infrastructure that. 00:16:04
He might be fronting and having to develop and fill that in so we can catch that and get that tip coming back into it so. 00:16:08
If you construct this appropriately. 00:16:14
You can get a little bit of speed behind it. 00:16:16
Good. Yeah, a lot of lot of things happening in that. 00:16:22
Corridor for sure. 00:16:26
Why don't you get the 1st? 00:16:27
Company to sign on. 00:16:32
The snowball grows exponentially, it just picks up speed and. 00:16:35
I think the nice thing about this and the Edwardsville school property and all it's, it's right at the interchange. So your your 00:16:40
access, you're in and out quick, you know that's. 00:16:45
There's a lot, a lot of things happening. 00:16:51
There for sure. 00:16:53
OK, I think. 00:16:55
Yeah. All right. 00:16:58
I appreciate you guys. You're welcome to stay, but. 00:17:00
Thank you all. 00:17:04
Thanks. 00:17:06
Appreciate it. 00:17:07
All right. 00:17:09
Don, did you want to? 00:17:13
Sure, I've got like 45 slides. 00:17:16
I know. 00:17:20
I won't. 00:17:21
Probably go through those as much as just kind of placeholders. 00:17:23
And I think I. 00:17:27
Yeah, and then so everyone knows. So I I just brought some random stuff for us for discussion purposes. Don't get freaked out over 00:17:31
the pile of paper. I just. 00:17:34
I thought it be handy when we talked about certain. 00:17:38
Pieces, parts and and. 00:17:41
Primarily, I think everybody just said the board. 00:17:45
I had had. 00:17:48
A lunch meeting with Nick and Al and Danny on Friday, I think, and kind of went over some of this, so I'm not going to go into a 00:17:52
lot of detail. 00:17:55
But the 36714 series is the Redevelopment Commission series. 00:17:59
And it goes over purpose and powers and limitations and funding sources. 00:18:04
There's a really good handbook from Barnes and Thornburg. 00:18:09
Through, I think, aim. 00:18:12
I can get you that it's about 256 pages so I'll send it as a link. 00:18:15
So it's a nice little. 00:18:19
White light reading, I think for everybody but. 00:18:21
Primarily, umm. 00:18:24
I kind of wanted to jump in and kind of give you an overview. 00:18:26
Really. First, our tips. 00:18:29
And where we kind of stand. 00:18:31
Here's some of our current funding streams. I'll go through those really quickly. 00:18:34
The City of New Albany actually had was our redevelopment Commission back in the 80s. 00:18:39
So when? 00:18:43
They got rid of. 00:18:45
And about. 00:18:47
1012 they, they, they would cut that tie or they came down and said here's here's your here's your papers and here's your house 00:18:50
and here's your tenant and. 00:18:54
Here's your $40,000 SO. 00:19:00
That's that Redevelopment Commission fund was established then. 00:19:03
We ended up we had to have a house. We went ahead and sewed that. 00:19:07
As when Lieutenant passed. 00:19:10
And so it doesn't have a funding source. 00:19:13
But it has kind of carried the the. 00:19:16
Carried some of the cost we put in our lease with the farm through the Mitch property. 00:19:19
In that so we you know about seven $8000. 00:19:24
Is usually what we generate there, so it's not a big fund. 00:19:28
Our tax increment financing funds we have. 00:19:31
Set up. 00:19:35
The main one is Highlander. 00:19:37
In Edwardsville Gateway. 00:19:40
District now. 00:19:42
Talk a little bit more of that in detail. 00:19:43
It is. 00:19:46
This will probably be the year that actually starts bringing in. 00:19:49
Pretty sizable amount. 00:19:53
The Grove Apartments is coming on board the. 00:19:55
Nob Hill Apartments will be coming on board as well. So our funding stream. 00:19:59
Was 3040. 00:20:04
$50,000. 00:20:06
It looks like that could be sizable anymore. 00:20:08
And we've estimated it being around 200,000 for the increment this. 00:20:12
This year so. 00:20:16
We do have a revolving loan fund that's also a relic from a previous time. 00:20:17
About $260,000 and. 00:20:22
We do get funding through the through edit and the Commissioner silo funds and we have a couple open. 00:20:25
Projects and grant funding Ready 1. 00:20:32
And ready to our projects that we had. 00:20:35
Just real briefly on that. 00:20:38
When reading one started, we put in a kind of a joint application with the town of Georgetown. 00:20:40
For their town park. 00:20:47
Nova Park. 00:20:49
And the gas line? 00:20:50
And so through Ready 1 and 2, two of those were funded. 00:20:52
The gas line. 00:20:55
Really kind of the out the outlier for some reason that didn't get funded. 00:20:56
But when we can talk a little bit more about that before you get off this slide? 00:21:01
Sorry. Oh, sure. 00:21:05
The revolving loan fund, we talked. 00:21:07
Kind of loosely, but never really. 00:21:10
Dove into it, you know. 00:21:12
I think you mentioned there's like. 00:21:14
200, yeah. 00:21:15
660,000 Yeah, I think it's on your. 00:21:17
So maybe I don't know. 00:21:20
May we think about that? Like, what's that? What are we? 00:21:22
What do we want to do with that? 00:21:26
Do we want to? 00:21:27
Promote. 00:21:28
What the loan? 00:21:29
Fund is for and. 00:21:30
I'm just talking out loud, entrepreneur, entrepreneurial things. There's a pot of money there and. 00:21:32
I think maybe something to discuss. 00:21:39
As kind of if you all want to delve into that as a component of. 00:21:42
What can what? 00:21:47
You know what's available, what can be done. 00:21:48
And be done for different purposes, I mean like. 00:21:51
The equipment grants loans, could it be? 00:21:56
What? Yeah, I mean, I'd like to see it go to something. 00:22:00
Rehabilitating. 00:22:04
Yeah, yeah. Could it be something? 00:22:06
Yeah, I'm just throwing things out. Facade or whether it be abandoned buildings or something of that nature. Yeah, 100%. 00:22:10
But there's money there, and we never really. 00:22:17
Initiatives of the Georgetown Main Street Group or whatever they're trying to they're doing. 00:22:20
To AL's point, yeah, they'll do. 00:22:25
Rehabilitation funds, they're doing grants. 00:22:28
They're small, they're five. I think the most is 10. 00:22:32
1000 or something but but still it's to help. 00:22:35
With, you know. 00:22:38
Rehabbing a facade or a building or new Windows or. 00:22:39
Things like that. 00:22:44
Anyway, I just bring that up because I think that's something. 00:22:46
We should, uh. 00:22:48
Look into and. I think part of the part of this workshop is kind of identify. 00:22:50
What the board wants to kind of focus on. So I've kind of made a note to OK redevelop. 00:22:55
Revolving loan there. 00:23:00
So I feel like. 00:23:02
And we've closed out, sorry, we've closed out or close to closing out any of them that were active. They're all closed. They're 00:23:04
all closed, OK, they're all closed. 00:23:08
So, so now it's just a balance of money that's there. 00:23:12
There are no active loans. 00:23:15
No, OK. 00:23:17
Do we have stipulations on? Well, at one time we did. 00:23:18
At one time it was heart. 00:23:26
It's kind of a held over from when it was an economic development. 00:23:28
That was with the Economic Development Administration. 00:23:33
Back in the 80s, so. 00:23:36
Those ties have been. 00:23:39
Been caught we've we've made the length of that grant loan program. 00:23:40
Complete SO. 00:23:46
I really the board. 00:23:49
It's a fresh slate. It's really kind of a fresh strip. 00:23:51
Of how you want to set it up, What do you want to use it for? 00:23:54
Federal strings have been removed because of the time. 00:23:58
So, you know, there's a, there's a lot of different options available. So I mean, if this is an item that you want to pursue. 00:24:02
OK, definitely. I think there's. 00:24:09
You know, opportunity to sit down. I think we should. I mean, I like. 00:24:12
I think Dale's point, it'd be nice to be able to help encourage some of that redevelopment of buildings and. 00:24:15
You know how can we help? 00:24:21
Regard. So yeah. 00:24:23
Have some parameters in place before we. 00:24:25
Oh yeah, Before you open that, yeah, before you open it up. That's why I brought that up. It's like it's a fresh slate. So now 00:24:27
that'd be a great program. It's. 00:24:31
There's not a lot in there but you. 00:24:35
You know, leverages, you know. 00:24:37
Yeah, OK. I'm sorry. 00:24:40
That's what this is used for 3-4 years. No, we have not. I mean when we started there was Magdalena still had an outstanding 00:24:43
balance and. 00:24:47
There was another text. 00:24:52
Payback. 00:24:57
We there the the two that that. 00:24:59
That the board's been involved with since I've been here was. 00:25:02
Magdalenas. 00:25:05
That was. 00:25:08
That goes way back. I mean that was an old. 00:25:09
And then the other being. 00:25:13
Being tech shot lighting. 00:25:16
Was and so those are. 00:25:18
Did we do something like? 00:25:21
COVID times, there were some short term small loans that we did micro loans. Micro, we have an application process for that. They 00:25:22
were small. 00:25:27
2000, I think about $2000 and 2500 and we. 00:25:33
I think we got all those. 00:25:37
Yeah, there was one or two there. Sent some letters out. 00:25:39
Got them. So I think we had maybe 20. 00:25:43
If I my mind. 00:25:47
I think we set set aside. We had at least. 00:25:49
Somewhere between. 00:25:53
Say 10 and 20. 00:25:54
That thousand, yeah. 00:25:56
That we put together so OK, but those have all been. 00:25:58
It is right now just a pot of money. 00:26:02
Yeah, that's an opportunity. 00:26:04
I don't want to see us do something. 00:26:06
I guess some good momentum going on in Georgetown right now. 00:26:08
Just any any parts of the county too for sure. 00:26:12
Go ahead. I'm sorry. 00:26:17
No, no, you're. 00:26:18
You're fine, that's what this is kind of like, says Workshop. So it's just an opportunity to go through some things. 00:26:19
We have right now 4 TIF districts. 00:26:24
I think I've already went through this but. 00:26:27
Our main one is Evansville. 00:26:31
Highlander, Point TEF. We also have the Gateway Villages TIFF. That's the TIF that the Evansville school is. 00:26:34
That's a single parcel TIFF. 00:26:41
Our single project TIFF. 00:26:44
The red wire tiff is also. 00:26:46
A Tiffin and of itself. 00:26:50
And then we had a personal property, broadband TIF. 00:26:52
As well that we're receiving. 00:26:55
A small increment. 00:26:57
From the mainstream grant program. 00:26:58
In terms of their their property. 00:27:02
So that's really kind of our. 00:27:04
Overall tips that first map you have. 00:27:06
The ones that I. 00:27:10
Just so that you are have an idea. 00:27:12
That is our actual Highlander point in Edwardsville. 00:27:15
Tiff. Nice. 00:27:19
It is uh. 00:27:22
Almost looks like a congressional gerrymandered district. And it is. Help us understand the colors. 00:27:23
The blue is actually the TIF, the steel. 00:27:29
TIFF areas. 00:27:32
You know. 00:27:33
Oh, thank you. 00:27:36
So those blue solid areas are the actual. 00:27:40
Areas of the tip as you see it, kind of. 00:27:45
It hits around Highlander Point. We did primarily and basically vacant land at the time. 00:27:47
Back and I think this is 8. 00:27:54
14 to 18 time range. 00:27:58
And then it goes along Luther Road and then it picks up. 00:28:01
The Loftus property. 00:28:07
Goes along. 00:28:10
State Road as well and picks up. 00:28:11
Nob Hill area. 00:28:14
And then? 00:28:16
Meanders and catches some other properties as well, including. 00:28:17
At the time the school. 00:28:20
A couple items and I think are. 00:28:22
Interest that we would. 00:28:25
From a staff point of view would be looking to speak with. 00:28:27
And get your all's approval to go ahead and do some pruning. There's some residential properties that we don't gain. 00:28:33
Anything from? 00:28:39
There's been some subdivisions that have been rezoned. 00:28:41
Our property has been rezone for subdivision. 00:28:45
That were commercial at one time so. 00:28:48
So that's one of the things I would. 00:28:51
Would suggest us to do also. I think it would be good to have. 00:28:53
Maybe there's discussion on? 00:28:56
What our policies are going to be for new TIF districts? 00:28:58
I know that's. 00:29:03
Can be somewhat controversial. 00:29:04
Certain areas about Tiffany areas. 00:29:07
I can give you like. 00:29:12
My my professional opinion is you, you tiff an area for to get the infrastructure and get it built up. 00:29:14
And then the whole goal is to release that back. 00:29:21
To the general fund. 00:29:24
So. 00:29:25
I know some other entities have different. 00:29:27
Ways of dealing with that but. 00:29:30
That's really kind of the. 00:29:32
Theoretical purpose of TIFF. 00:29:34
Don, what's your yellow boxes? 00:29:37
Those yellows are those yellow boxes are areas that we're going to talk about a little bit later, but I just wanted to kind of 00:29:39
highlight them as we go through. 00:29:43
The US 150 properties are. 00:29:48
Up to the north. 00:29:51
Those are potential development areas. 00:29:52
That we've had discussions and. 00:29:56
Either the county or. 00:29:58
The developer has come and had a conversation with us down below. 00:30:01
Want to this part of the spiral property? 00:30:05
This is a little bit older. 00:30:09
In terms of. 00:30:11
At the time he's now, he now has picked up the entire area there so. 00:30:14
So that just highlights a couple of barriers that that we'd have a little bit more conversation with later on, but. 00:30:18
I think probably the next. 00:30:26
You know the other kind of in terms of policies, there is an opportunity right now to do residential tips. 00:30:29
In terms of. 00:30:36
Tiffin residential areas. 00:30:37
I don't uh, uh. 00:30:39
I don't know. 00:30:40
You know, there's a cost benefit of that because it does take that does take that away from schools and fire and whatnot. 00:30:45
If that's if that's something that the board is interested or not, but that may be another discussion for you all to have. 00:30:51
So really I think for just. 00:30:58
You know what? 00:31:02
I guess for discussion purposes it's just kind of say. 00:31:04
You know, what's the general thought about. 00:31:07
You know thought concept route new tips we we have. 00:31:12
Looked at putting the tips in areas where our our. 00:31:16
Our two hubs are in terms of our commercial. 00:31:19
Development so. 00:31:23
I will say that the park. 00:31:25
To the West, the Bob Lane park is not currently part of the tiff and to possibly be. 00:31:27
Added as well, so. 00:31:32
I'll just leave that and see if you all want to have a discussion on that or if you. 00:31:36
When you say the part, the regional part, the Regional Park, Yeah. 00:31:39
What would be the? 00:31:43
Advantage to having it in a TIFF. 00:31:46
The Regional Park. 00:31:48
Just funding. 00:31:51
Pretty much that you could. 00:31:52
I mean, you wouldn't. 00:31:53
Pick up any new. 00:31:54
Because that's going to be county developed, right? It's going to be counted, but you could spend the fun. 00:31:56
In serving and benefiting. 00:32:02
That area, yeah, you could spend the funds in there. I assume that's what you're. 00:32:03
Yeah. So you could use the funds in that. 00:32:07
Yeah. And just to piggyback on it, our, our TIF funds are. 00:32:10
Typically they're public improvements if we're doing them local public improvement. 00:32:14
But they're in serving and benefiting that. 00:32:17
Yeah, Brat tip area. So that's the that's two restrictions. That's the benefit I see too is you can we can't pay for operating. 00:32:19
Park, but capital improvements, yeah, roads within here. 00:32:25
That makes sense. 00:32:31
I think we've talked about it before. There's a case right on point on that where they tried to pay operating. 00:32:33
No. 00:32:38
I just know for the new couple other. 00:32:40
Members just. 00:32:43
When will we get the annual report on the? 00:32:47
Financial. 00:32:49
Health of the. 00:32:51
The TIF districts. 00:32:52
You should have and. 00:32:55
Should have got sent out just the. 00:32:57
Financial kind of listing of dollar amounts. 00:33:03
That should have been in your packet. 00:33:07
Gotten sent out. 00:33:09
That and the claims got sent out Monday. 00:33:10
OK. So the packet for this meeting, is this the fund report? 00:33:14
Yes, yeah, yeah, I don't know. 00:33:18
So you got like a calendar point gateway TIFF 44,450. 00:33:22
Is that in the right? 00:33:28
It's probably in your binder. I printed it out. Yeah, yeah, it's in there. 00:33:29
I haven't looked at the matter yet. 00:33:33
Yeah, I I just can't look through there. 00:33:38
So it's rough for Highlander points around 4045 thousand. 00:33:40
Yeah, is what we have in terms of cash on hand. 00:33:45
OK. 00:33:59
I think it's that makes sense to. 00:34:01
We want to have the ability to. 00:34:04
Extend that into the regional part. That makes sense. 00:34:07
To me. 00:34:11
I do notice we have a. 00:34:16
The big chunk of Nob Hill is being developed. 00:34:18
Which a lot of that's going to be. 00:34:22
Multifamily on the front in some. 00:34:24
I think he has couple commercial lots. 00:34:27
Then he has a is a commercial section. Yeah, section. 00:34:29
The western side. 00:34:34
Does it? Yeah. 00:34:38
Saw where they cut the road in. 00:34:41
But at the time we did the districts, these were vacant. 00:34:45
Partial, so we knew that there is a going to be sure no. 00:34:49
Makes sense? Some of that has. 00:34:53
You know, to capture the apartment come. 00:34:55
Complex as we captured the hoe. 00:34:58
The whole development. 00:35:01
Really that, being able to prune through some of those residential lawns, that's what I thought was one of the you'll be cleaning 00:35:02
that up once he gets to plat. 00:35:06
Approved. 00:35:11
All that good stuff. 00:35:12
Makes sense, but I didn't I guess kind of the. 00:35:14
I don't know, maybe there's not A at this time of water in terms of the policy for new or expansion. 00:35:17
Have any test cause? 00:35:23
I think we'll and obviously as I transition this over to Nick, I'm. 00:35:25
There is going to be folks who come in and want TIFF districts. 00:35:30
And are going to want single. 00:35:34
Use 10th districts As for their parcel. 00:35:36
And so I think the question would be what? 00:35:38
What policy do you want to? 00:35:41
To look at in terms of. 00:35:44
Those being kind of viable. 00:35:48
Well. 00:35:54
I mean. 00:35:57
It's a good question. 00:35:59
And that maybe some of you won't want to. 00:36:00
Yeah, I mean, it's a good question. 00:36:02
So I guess what you're saying is for example. 00:36:04
Galena. 00:36:08
There's an example we don't. 00:36:10
Have a tiff? 00:36:11
In that area. 00:36:13
So what dictates? When do we? 00:36:15
No, just for that, for that corridor area, because that's that's really a transitional area that's been in the comp plan because 00:36:19
there's been a lack of sanitary sewer. 00:36:24
There's there is large tracks. 00:36:29
At one time there's a multifamily but mixed-use development. 00:36:32
You know 10-15 years ago that. 00:36:38
Was looked at. 00:36:41
In that area, well, just because of you know, you don't have sewer there. 00:36:43
Well, that was one of the struggles we had when. 00:36:47
You know, however many years ago it was, we started talking to tech shot. At the time, it was a struggle to figure. 00:36:50
Figure out, OK, how are we going to get this? 00:36:55
We don't want to take a shot to leave. Nova Park wasn't even on the radar, so. 00:36:57
We don't want take shot to leave. 00:37:01
How do we get sewer? 00:37:03
So they can. 00:37:04
Stay where they are and expand. 00:37:06
And we didn't really have a funding mechanism. 00:37:08
Didn't have a tiff we didn't have. 00:37:10
So I mean, that's to your point. 00:37:12
Do we look at, do we look at those corridors? 00:37:14
Account plan How do we? 00:37:17
Well, and you've also got, I think it's still vacant. I've been there a couple of weeks, but I think the same steps. 00:37:19
Building still, they still have been vacant. 00:37:26
Yeah, there's been a couple of attempts to try to make the restaurant. 00:37:28
Down across the street from Techshot Viable. 00:37:32
That hasn't taken off for I think 1 was Covic related obviously you know, and at some point in time in the next year well. 00:37:36
More than likely have a vacant building there. 00:37:44
So, uh. 00:37:46
In terms of. 00:37:48
Tech shock Covington living over to another park so. 00:37:50
And then there's some, I think scattered sites within that. 00:37:53
Maybe have some redevelopment opportunities, so. 00:37:56
Really just trying to. 00:38:00
Get your thoughts on how you. 00:38:02
Want to move move forward or? 00:38:05
So I don't get a vote in any of this, of course, but the statute does have. 00:38:08
I mean when you're creating, expanding a TIF allocation area. 00:38:13
You have to essentially say hey this property taxes is necessary but for this. 00:38:16
We're not going to be able to develop this. This is an area that needs. 00:38:20
Improvement and it can't be solved essentially by just private development that we we need to do that and step in. So it is. 00:38:24
Almost necessarily a case by case basis. 00:38:30
But you have to make the findings when you're going to. 00:38:33
Take something out or. 00:38:35
Add add a new allocation area. 00:38:37
And frankly, whether it's Wheatley Group or. 00:38:39
Whoever else, you're kind of looking at your your advisors. 00:38:42
For that project to make sure. 00:38:45
You can make those findings and. 00:38:47
Adopt the resolution that you need. 00:38:49
So which? 00:38:50
As an example, if we wanted to go up. 00:38:53
150. 00:38:56
And pick up that corridor. 00:38:57
Up towards. 00:38:59
Galena. 00:39:00
We would go through that process. 00:39:03
Yeah, you can create and we've created and amended the Tiff's a number of times here. 00:39:05
Yeah, umm. 00:39:09
Yeah. And each time we have those resolutions that say, I mean I can see that benefit to. 00:39:12
Stretching up through there, because you're right. I mean, there's no. 00:39:18
There are no good. 00:39:21
There are no. 00:39:22
Inexpensive options. 00:39:24
To. 00:39:26
Infrastructure needs. 00:39:28
You know, we we looked at. 00:39:30
The little Galena package plant there that. 00:39:32
Need that Hollander village. It needs to. It needs to go away. 00:39:35
Can't be improved in some way. 00:39:39
Yeah, Nick, I don't know what's going on. 00:39:41
It's timed out. 00:39:44
It looks to be like the first step is to go ahead and trim up. 00:39:45
Your register, presidential areas and and. 00:39:48
Shore that up and get get that off there and then. 00:39:51
We can look and see what we expect. 00:39:54
Logically. 00:39:56
Couple good ideas for that have already come up, but I agree. See you. 00:39:58
Term out what doesn't belong first. 00:40:02
OK. 00:40:06
Well, I'll jump into kind of our next thing real quick. 00:40:07
And that's really kind of giving you an overview of our projects, I think. 00:40:14
We've got our Nova Park Innovation and Technology park. 00:40:19
We've got Edwardsville school. 00:40:23
About the Highlander point. 00:40:27
150 area, we've got natural gas and. 00:40:30
Maternal Hill area as well. 00:40:33
As our projects. 00:40:35
Wanted to kind of if we could just kind of talk a little give you, I'll give you kind of a. 00:40:37
Talk a little bit about. There's a couple items I want to talk to you about about the. 00:40:43
Mount Nova Park. 00:40:48
One is. 00:40:50
We have we gotten. 00:40:52
The Certified Tech Park designation. 00:40:54
And and. 00:40:57
And if the board just. 00:41:00
Ready to? 00:41:01
Really. Kind of. 00:41:04
If there's an interest in trying to get that sort of occasion through IEDC. 00:41:05
That the two major items that we've always had is we. 00:41:10
You have to have a university associated with it. We do. 00:41:13
You have a technology company. We do. 00:41:18
So we've checked those items off the list. 00:41:20
They they have been. 00:41:23
Going away from these type of certified tech parks. 00:41:25
IADC but. 00:41:30
I think it's at least worth an opportunity at least put this to bed one way or another. 00:41:32
So Paul and I were talking about that briefly before. 00:41:36
Workshop what? What is the? 00:41:40
What is the next step? 00:41:42
To me, I think the next steps would be sitting down with with our. 00:41:46
Of our state. 00:41:50
Delegation. 00:41:52
And just having that conversation of. 00:41:53
Putting together a presentation that says this is. This is. 00:41:56
This is what we're asking for. This is what? 00:42:00
We see the district downs or the certified tech park districts. 00:42:02
This is the benefit. 00:42:06
And how and have that conversation with them. 00:42:08
And try to get that support form. 00:42:11
Do we have to have their support? I mean, I didn't know how to. 00:42:14
I you have to go through state budget. 00:42:18
A state budget committee or. 00:42:21
However, that stated. 00:42:24
But that's the final sign off on it, so. 00:42:26
They have moved more to these league districts. 00:42:29
And I think they're even holding off on that. That's the. 00:42:32
Very large one up around Lebanon that was. 00:42:36
You know, thousands of acres and. 00:42:40
And whatnot. 00:42:42
So the certified tech park. 00:42:43
Gives us. 00:42:45
New opportunities for other funding sources gives you the ability to capture not only the real estate but also the sales 00:42:47
increment. 00:42:51
Which if you look right there. 00:42:55
Trying to incorporate. 00:42:58
A component of either Sprigler's property or Office of Sugar in them. 00:43:00
I think would be would be. 00:43:05
That's that's the funding, that would be the mechanism. 00:43:08
If we. 00:43:13
If we've checked all the boxes, I don't see any downside to trying to at least get. 00:43:14
Take it to the next step to finalize it. 00:43:20
To me, yeah. 00:43:22
Like I said, it's either. 00:43:24
You know, and Paul and I have talked a little bit too, It's kind of like it's not something that they're doing. 00:43:25
And great. 00:43:30
And a great amount. 00:43:32
There is not a technology. 00:43:33
A certified tech park South of Scottsburg. 00:43:36
Is there is there a reason they are getting away from that or they just ran out of stuff? 00:43:39
Yeah, that's, you know, I've heard a couple of different things. I don't know, Paul. 00:43:45
You can come on up. 00:43:50
There's just a. 00:43:53
Free advice would be that. 00:43:55
When you do approach the state. 00:43:57
Budget agency, state budget committee, that it's showing them how you intend to utilize these funds. It's not. 00:43:58
Hey, we want to like reimburse our TIFF for the money that we extended here. 00:44:05
How are you furthering the mission? You know, you know. 00:44:09
How are you retooling the workforce? 00:44:13
How are you growing the community? So kind of tying it together would be my advice. 00:44:16
I can just tell you from personal experience, I thought we had to use euchre parlance. A lay down loaner on the PRF part there. 00:44:20
In New Albany and. 00:44:27
We've been rebuffed twice. 00:44:28
Yeah, I I would definitely try to tie it to. 00:44:31
But revenue? 00:44:37
Is coming up a little bit short. They're looking at your budget year. 00:44:40
The one thing I would say is. 00:44:44
Leadership team. 00:44:47
With the IEDC so perhaps. 00:44:48
Timing now is right, but I think you were definitely right getting. 00:44:50
Your delegation involved and kind of having that. 00:44:53
Soft political push. 00:44:56
It will help your like you, I definitely think you. 00:44:59
Should I would just? 00:45:02
Expectations. It's. 00:45:04
It's a difficult. 00:45:07
Thing to get done so if y'all get it. 00:45:08
Kudos if not, I think she just got taken stride. 00:45:10
I don't know if we act on your contract here shortly, maybe you could assist us with something too, yeah. 00:45:13
Anyway, OK. 00:45:21
But there's an opportunity. 00:45:24
The main thing here I was in line with. Now though, I'm like. 00:45:27
Are they just shying away from those or what's the? 00:45:31
And I know you don't know, but. 00:45:35
You know, I, I, I can't. 00:45:38
Address that, but that's always kind of been one of the focuses of. 00:45:39
As we moved Nova Park through was and with partnership. 00:45:43
IU Southeast is. 00:45:47
I think in my opinion it kind of lends more. 00:45:50
Linds at another level. 00:45:55
Being able to go out and say. 00:45:57
Of marketing. 00:46:00
Here's a certificate. We are a by state certified technology partner. 00:46:02
Here are the things we're doing. 00:46:06
With that funds to. 00:46:08
Yeah, here's how playing in the workforce, bringing in the the. 00:46:11
I think that Tasmania, back to what Paul's saying, is how do you tie that together? 00:46:14
So for potential tenants for. 00:46:18
Lessees or. 00:46:21
Purchasers of the other outlines. 00:46:22
At Nova Park, the advantages? 00:46:25
Are that if they relocate there, there might be funds for. 00:46:27
Tech training and training grants or. 00:46:30
How do you tie that? 00:46:34
Fitting labs or using lab space or whatever. 00:46:36
It's another incident, it's another tool on the incentive. 00:46:40
And then send toolbox. 00:46:43
OK, the next item I just wanted to talk about was actually no park. 00:46:46
And seeing that the board had any appetite. 00:46:52
Of looking at and it would be this map, right? 00:46:55
Here kind of gives you an outline. 00:46:59
Of the park. 00:47:05
Directly. 00:47:08
Call that to the right of the. 00:47:10
Of the house and Barnes. 00:47:12
Our lots 5-6 and seven. 00:47:16
They're a little over 10 acres in size. 00:47:18
And. 00:47:23
We've we have made. 00:47:24
Probably upwards about 10. 00:47:27
Filled out to. 00:47:30
10 requests for proposals from. 00:47:32
From IADC throughout the last year for potential projects. 00:47:34
Our sites are a little bit small there. Some of those that are we're getting are about 25 acres. 00:47:39
Take the majority of the park. 00:47:45
But did want to open up. 00:47:48
And see if you had a interest in. 00:47:50
Maybe taking those three lots and possibly lot. 00:47:54
Just north of. 00:47:58
That irregular shaped lot. 00:48:00
And putting together a request for proposal. 00:48:03
And put that out. 00:48:06
Market to see. 00:48:07
In terms of developers, what we can get back? 00:48:09
In terms of. 00:48:14
Potential projects for I think we do. I think you let the private market help. 00:48:15
Market this site for us and see who's out there that. 00:48:20
They have because they may say, hey, we. 00:48:23
There's no need to build that. 00:48:26
Cul-de-sac between. 00:48:28
6:00 and 7:00 because we'll take. 00:48:31
All three of those and make them into a campus. 00:48:32
Mm-hmm. You know, see what? See what someone comes back with. 00:48:35
Because there's no there's no cost to us to do that, so to speak. 00:48:41
And they come back not that's just really putting together the RFP in terms of staff time. 00:48:45
Other than that, right In terms of I mean. 00:48:50
What we've gotten, I mean, we've gotten the IDC request and you know, we're, we're in that mix. 00:48:52
We're also we've been filled in. 00:48:59
Responses from. 00:49:02
From folks who have come in as well and. 00:49:04
A little bit of marketing and they go. 00:49:06
Kind of ramp that up, but. 00:49:08
Go ahead. I was gonna say, would we limit it to this? Those lots? That's right. We're saying we're not 10-11. Yeah. 00:49:10
Would we limit Why limit to 10/11/12? 00:49:16
Yeah, it's like I came in just I didn't not want to overwhelm the board and let's say. 00:49:21
You know, a lot of times you never know what we don't know. What we don't know is out there. 00:49:31
Yes. What's the advantage of saying? 00:49:37
You know market that says. 00:49:39
A single piece when all these lots are available right now. 00:49:40
Somebody who's interested could say. 00:49:44
Yeah, I want to put these three lots together. 00:49:46
Just see what what? 00:49:49
Others may envision for that. 00:49:51
That site, I mean they they may have a way to. 00:49:53
Better utilize the space that. 00:49:57
Than what I mean. 00:49:59
I don't know. 00:50:01
Just throw that out there. 00:50:01
Yeah, so I think so, Don. 00:50:05
If you could come back to us with some. 00:50:07
What that would look like? 00:50:09
Yeah, we can definitely do that. Just want to kind of. 00:50:11
OK, Board feel OK with? 00:50:20
Yeah, absolutely. 00:50:22
Other item, another couple items I have in terms of no part, just by the way, before we move, do we have any sort of covenant or 00:50:28
anything on one? 00:50:32
One, one and one. One is as part of the red wire. OK. I knew where the building was going, so I didn't know whether they had they 00:50:38
took they picked up one as well. They have an option. They have an option. 00:50:44
OK. And there are maybe probably have some conversation with them as well because that will more there will be a section of that 00:50:51
that would be needed to. 00:50:55
Tie into the. 00:50:59
To the park to the West right was at the time we started this that. 00:51:01
Roy hadn't developed as much, so that that would be something we'll have to have. 00:51:04
For future conversation. 00:51:09
But umm. 00:51:11
The uh. 00:51:19
We're coming close to, I guess, some discussion on, on, on, on the. 00:51:21
Building 1 and 2. 00:51:28
Which is our whistle stop operations when we started. 00:51:30
We have a current contract with. 00:51:34
The group that work. 00:51:36
In terms of Co working. 00:51:38
Trying to lease those office space and then. 00:51:39
Manage the buildings as well. 00:51:42
That's coming up. 00:51:45
There's been some successes. There's been some. 00:51:48
You know, some things that have not been a success as successful. 00:51:50
So. 00:51:54
Really kind of looking to see if the board would have. 00:51:56
Would be interested in maybe having a small committee look at that. 00:51:59
And that contract and sit down with them and kind of. 00:52:02
Look at what the next next phase looks like in that. 00:52:07
Yeah, and I. 00:52:13
Been involved off and on with Don talking to. 00:52:13
Dad to do the route. 00:52:19
They have ideas as well, kind of lessons learned over the. 00:52:22
Course of the last year. 00:52:26
They're they're they're brainstorming how to. 00:52:29
Pitch the park, I guess it's the best way to work. 00:52:34
You know, I think. 00:52:38
I will. I think the the the most pressing thing is we'll. 00:52:40
What really? What is Building 1? 00:52:44
Right as that we looked at that as entrepreneurial space, it really never got traction. 00:52:46
We are in the house, the house. 00:52:53
I mean, is there other options I know. 00:52:57
There had been discussion having county offices. We could come out there as well. 00:52:59
Umm, so. 00:53:03
Now I think we're at this time where you know you. 00:53:06
I look at it as some things are successful, some things not as quiet. 00:53:08
I will say that some of the things that are. 00:53:13
Have been put in in terms here recently of the use of building 2. 00:53:15
In terms of. 00:53:20
Community type. 00:53:22
We have, we have, we just started what we call STEM Saturday and have. 00:53:23
Programming out there that has won over. 00:53:28
I think extremely well. 00:53:32
We've had a partnership with Sam Shine Foundation to bring some folks out. 00:53:33
And I think that's grown. 00:53:38
But I think they I think right now with that contract coming to. 00:53:41
To end. 00:53:45
And whether and how we want to look at that as a. 00:53:47
New contract or different contractor whatnot. Be good. This is a good opportunity. 00:53:50
I'd like to sit down with them. 00:53:54
Again, just to. 00:53:56
I think we owe it to each other too. 00:53:58
To hear out. 00:54:01
Ideas for what it would look like moving forward? 00:54:03
So I mean. 00:54:06
I'll be glad to continue to participate if there's anyone else who wants to. 00:54:07
I'm happy to be for you we. 00:54:12
We talked about moving some county stuff out there. Yeah. 00:54:13
Spitballing and talked about. 00:54:17
If you have some sort of. 00:54:19
You know. 00:54:22
Venue out there, right? You may have a company out there once on weekends for a wedding. 00:54:23
If you've got time now, that would be great. 00:54:29
Wait, wait. Yeah, OK. 00:54:31
Text me whenever but. 00:54:33
You know one of, one of. 00:54:35
My goal is to empty this property. 00:54:38
Liquidate finding property, you know that's what we're trying to do with our things downtown, right? Right. 00:54:40
But uh. 00:54:45
I think it would be great for us to have a county presence out there. 00:54:46
Yep. So OK, that's thank you. Permanent or semi permanent? 00:54:50
Give us a five year contract till. 00:54:56
The next best thing runs. 00:54:58
Kind of segue. 00:55:02
OK, we got a little bit of time left. 00:55:06
Edwardsville School. 00:55:08
Think we can kind of give you a little bit of an update. 00:55:10
Output in front of Don the VOT exhibit. OK, so I know you've got you've got the layout of the floor plan there. 00:55:14
I got the layout of the floor plan. 00:55:20
And the BOT. 00:55:24
That's the one with the red. That's this one. 00:55:28
Yeah, that's the red 1 and that what that is, is just to show. And when we say the BOT, we build on a transfer piece. 00:55:30
So the pieces in red. 00:55:37
Well, one red piece is bigger. 00:55:41
Yeah, right. But. 00:55:43
It's changed a little. Don't dive into the weeds. That podcast. 00:55:44
The the school. 00:55:51
The three red pieces are the top of the sheet is the school piece. 00:55:53
The uh. 00:55:57
To the right of that that little skinny piece is the Carolyn Ave. Right of Way. 00:55:58
Improvements that that we're responsible for from the county. 00:56:03
And then the bottom rectangle piece, that's the regional detention basement. 00:56:06
That is, that's where the money. 00:56:11
Monies were used for things on this sheet. 00:56:14
Of redevelopment. 00:56:16
So just. 00:56:18
That's what this is meant to show the rest of the development, all the apartments. 00:56:20
Are all around it that aren't income. 00:56:25
It's up. Still there, yeah. 00:56:29
So anyway, Don, I just wanted to give them kind of the lay of the land for the. 00:56:34
School. 00:56:38
Property. 00:56:39
And that's part of it. If you, if you haven't been to Carroll Ave. there, it's on right off the Interstate. 00:56:41
If you're coming West on 64. 00:56:49
Take a left and you go on State Road 62 and it's. 00:56:51
Basically right there. 00:56:54
There's additional properties that. 00:56:56
Are available or at least I'd say 15 other acres available and that was really the concept. 00:57:00
Part of the concept was to. 00:57:06
We have fully signalized light there now. 00:57:09
We have our first. 00:57:13
Development of the apartments. 00:57:15
There's some that those other properties are commercial, so having a regional detention basin. 00:57:18
Bringing out sewer and water, not only. 00:57:24
The village development, but also for future development. 00:57:28
Was was the thought process there? 00:57:32
The the are the items I have is. 00:57:34
I got 2 that gives you kind of a schematic of the. 00:57:39
Of the school. 00:57:42
To give you an update. 00:57:44
There's no asbestos in the school. 00:57:47
So we got that test back. 00:57:48
I'd send Bob. I think there's Bob. I got that. I signed that. Yeah, that questionnaire back for phase one from our end. 00:57:51
Sent that to the So we should be finalized and they should be finalizing the phase one. We got the tech pointing back. 00:57:59
There are areas that are. 00:58:05
Still in need. 00:58:08
Tuck pointing there's a. 00:58:09
I'd say a wall and a half that hadn't been touched as of about two 2 1/2 three weeks ago. 00:58:11
We were supposed to meet. 00:58:19
Thursday to look at the roof, but I think if we get 4 to 6 inches of snow, that's probably going to have to be postponed. 00:58:21
So and I know that we're kind of in the process of. 00:58:29
Getting easements signed and doing some things, I'm not sure through that. 00:58:33
On that and. 00:58:39
Are you guys either want to wear so we're trying to finalize the. 00:58:40
The agreement pieces with sprinkler development. 00:58:43
And there was a whole series of things they had to do. 00:58:47
Before we close on the property. 00:58:50
They're pushing hard to close on the property, but we still have these outstanding. 00:58:53
Pieces. 00:58:58
So that's. 00:58:59
We did, yeah. I didn't know how familiar. 00:59:02
One was it to be weather tied to pointed? 00:59:07
Clean, umm. 00:59:10
There is some. 00:59:13
I know there's easements that had to be. 00:59:14
Easements and and. 00:59:16
Whatnot had to also be. 00:59:18
Just so that we can have actually. 00:59:20
Control over. 00:59:23
The property. 00:59:24
And we're we're. 00:59:25
They've done everything except. 00:59:27
These last couple things, it's terrible responsibility for the work. 00:59:29
Yes, and they're the ones pushing for the clothes. 00:59:33
Yes. 00:59:35
I think there's a, there's a, yes. 00:59:40
Say what? Yeah. 00:59:44
We're closer than we've ever been, I will say that. So they they a lot of motivation for them to get it done right. Yeah, yeah, 00:59:46
yeah, there is there, there were some. 00:59:50
Sewer fees that had to be paid to the town that that's been done. 00:59:54
So we're we're. 00:59:59
We're very close. We are about as close as we've. 01:00:00
Yeah, once done. 01:00:04
Whoever from this group gives the OK, we've run title, there's some taxes they're going to. 01:00:05
The deeds prepared the other easements and documents that are going to go be recorded before it because. 01:00:11
Our acceptance of this will be subject to these easements and drainage. 01:00:16
Thesis. So all that's in place, it's really we're waiting on the. 01:00:21
If you think of it, the repairs that need to be made by the seller before we take title is really what it is. It's as simple as 01:00:24
that. 01:00:27
So hopefully here in the next. 01:00:32
Couple weeks well. 01:00:34
We'll be there, so. 01:00:36
Yeah. And I think that. 01:00:38
Give you an update on the Ready 2. We received ready, We received a. 01:00:40
Acceptance is one of the approved projects through the regional. 01:00:47
Our Southern Indiana Regional Development Authority. 01:00:51
We were slated with a little over $2,000,000 for renovations. 01:00:54
In 1030 mainly we've got the A&E contract to start. 01:01:01
Those fans won't become really available until. 01:01:06
I'm off. I would say June. 01:01:10
They the region has to get to 65% of the money spent in Claire, there's 60. 01:01:11
So, so there's that hurdle to. 01:01:21
To get over, we have as a Commission I've submitted on your all behalf into the portal. 01:01:23
Through river hills, all the items they needed for sources and uses. 01:01:30
So we're now in the queue there. 01:01:33
Umm, there there is one. I think it may be a. 01:01:36
Item of conversation one or two of this project and that is. 01:01:42
At the December meeting they talked about there's there may be a couple 2-3 projects that have not started yet and ready 1. 01:01:49
And and I think that might be an opportunity to. 01:01:57
An opportunity for us to be in the queue or at least to have a opportunity to talk to them about a backup plan if those those 01:02:01
projects fall through and reading one. 01:02:06
To. 01:02:12
But I'll just, hey, there's a little bit of pirate in me and. 01:02:16
Opportunity for some. 01:02:19
We're ready to jump on, right? 01:02:21
So there's that component. The the other component with this is the gymnasium. 01:02:24
There's some issues. 01:02:29
That component will be. 01:02:32
It's something that our architect engineers going to look at in terms of the roof and the gypsum. 01:02:34
Standards. 01:02:40
Did have an opportunity and sent him some pictures. I was. 01:02:41
Another roads go up in Indianapolis that. 01:02:44
Had some had a similar type of gym. 01:02:47
But had still girder. 01:02:49
So there might be an opportunity. 01:02:51
At least have that conversation, if that can be. 01:02:53
Replaced in terms of the roof, yeah, we're still kind of sad if we could save it or not. 01:02:55
But it's a basically 16,000 square feet. We had had conversations with the sheriff in terms of the substation. 01:03:01
The library having a branch. 01:03:08
Through Parks and Rec. 01:03:10
And then also maybe we have one private. 01:03:14
Private entity, that's entity that's interested in a tap, kind of a tap house and I think. 01:03:17
I would look at it. There may be an opportunity to as we get far along. Can we? 01:03:23
Had this as. 01:03:28
Maybe more kind of. 01:03:31
Small business type of. 01:03:33
Opportunity as well. 01:03:34
If you've got 120 units. 01:03:37
Right there, there's definitely probably some business opportunities whether it's a. 01:03:39
Whether it's. 01:03:43
Whether it's. 01:03:45
You know, personal care or whether it's a small, you know. 01:03:46
Grocery type or something like that that could be put in this as well. 01:03:50
I think now is kind of the opportunity as we get to design. 01:03:54
Really kind of fleshing out what. 01:03:58
What the final uses will be in some of that space. 01:04:02
Just click it. We don't have an indoor winter time farmers market type. 01:04:06
Situation. 01:04:10
Noble Park, one of the barns could be a good use for that too. But. 01:04:12
You know what? 01:04:15
Yeah, that's always something especially that that part of the county doesn't have. 01:04:16
Kind of a thing. 01:04:20
A lot of things. 01:04:23
Questions on that? 01:04:26
If there was an interest that maybe also having maybe a small working group work on the school as well. 01:04:29
Definitely, I think that would be helpful. 01:04:35
Don I know on our agenda we have a. 01:04:38
Proposal. 01:04:41
From umm. 01:04:42
The architect to. 01:04:43
To do to do the design. 01:04:47
Layout of the space, the improvements to the building itself. 01:04:49
So probably good timing for that. 01:04:53
Yeah. I think it's excellent timing if anybody's interested in being part of that project. 01:04:55
To think about that. 01:05:01
I've got two other. I'll try to go quick on these final two that I've got. 01:05:05
I think we've talked about Tunnel Hill, so I think that one can be. 01:05:09
Unless there's other questions. 01:05:13
It's about I can give you a number that I've got. 01:05:15
That probably needs to be updated, but we were looking at. 01:05:18
I don't have the sewer but. 01:05:27
Road and water was right at one point. 01:05:30
Like 0 is another. 01:05:33
That sound right 200,000. 01:05:35
Yeah, so. 01:05:38
So 1.6 for the improvements that Mister Sprigler is looking at. 01:05:40
Minus gas. 01:05:45
Is probably at ballpark. 01:05:47
That he's looking for the. 01:05:48
Tip for the 10s. 01:05:50
Yeah, yeah. 01:05:52
And then the the last two items I have. 01:05:53
Highlander Point. 01:05:57
We have and. 01:06:02
Nick may be able to speak a little bit more about. 01:06:03
What has taken place with? 01:06:06
It's alright. 01:06:11
N dot. 01:06:14
But. 01:06:17
If you see this map here. 01:06:18
15150 NAP. 01:06:23
There's 22 potential. 01:06:31
The parcels there. 01:06:34
Did they abandoned their roundabout ideas or Jay hook? 01:06:43
You know, you guys know. 01:06:47
We're going to put 1 here and one here or something they talked about, Yeah. 01:06:49
That you couldn't turn left. You had no *******. 01:06:53
I don't think they've been abandoned, but our last conversation, they've been pushed down the road to look at it again and. 01:06:57
2028 or something, is that right now? Yeah, 2031, yeah. So I think 2031, yeah, I know it's different. Really, if you want to talk 01:07:02
about right now, they really kind of kick down here. 01:07:08
Yeah, here. 01:07:14
Is that part of the roundabout deal? 01:07:16
Their roundabouts were going to be back. 01:07:17
Yeah. And then they're gonna be J turns, J turns. But then last time they talked with us. 01:07:19
They said they were gonna revisit in 2031, OK. 01:07:24
So it's it kicks the can down. 01:07:28
Some discussion about part of that or separate? 01:07:30
Improving Schreiber as kind of a back channel Rd. that was part of the discussion. 01:07:33
And that's right at we've got a number for that, it's about $4.5 million. 01:07:39
To take Schreiber from Luther to Hogan Sins Rd. 01:07:43
Make it 26 feet wide shoulders. 01:07:47
And. 01:07:51
And some drainage improvements there. 01:07:53
That that is an area that there's a lot of energy. 01:07:57
Interest as well. 01:07:59
Major Hubs is the major commercial hub. 01:08:00
For the county. 01:08:03
And we've seen some residential development take place in the last. 01:08:07
Couple of years. 01:08:11
And some development I don't know. 01:08:12
If you want to jump in, I feel like I've kind of taken. 01:08:14
About the captain. 01:08:17
The capital project. 01:08:20
Well, where Don has circled on this map. 01:08:23
We haven't approved. 01:08:27
Project or kipped his call, which is for N dot federal funding. 01:08:29
We're we're doing the RFP for the the PE now we're working on getting that under contract for installing the light there. 01:08:34
With the idea that there will be a through St. 01:08:44
To Schreiber. 01:08:46
And it'll also connect on the other side. 01:08:48
I think the timeline for that for the construction is. 01:08:52
FY20 8 so. 01:08:56
20/27/28. 01:08:57
Which which is not bad timing because. 01:09:05
Knowing what's? 01:09:09
They're looking at the piece behind the JC, so, you know, I mean it all kind of. 01:09:10
Works together. 01:09:14
Schedule water. 01:09:16
Yeah, it's not far down the road. 01:09:17
All this has been clear here, right here and here. Yeah. Well, I think they logged this, the log, yeah. 01:09:20
Yeah. Thank you. 01:09:27
One more thing. And then. 01:09:30
All right. 01:09:31
Ohh you brought Donuts, you didn't tell us. 01:09:35
I thought there'd be applause. 01:09:43
Is. We have a project called that we've been involved with now for two iterations called Make my Move. It's through the. 01:09:47
Indiana Economic Development Corporation. 01:09:54
It's a remote worker relocation type of program where there's grant funds provided. 01:09:57
And then? 01:10:02
We there's a company that's actually named made my move that actually goes through and. 01:10:07
That's these individuals in terms of. 01:10:12
Relocating to Floyd County. 01:10:16
We're in our second contract. We did ten the first year. We've done another 10 this year. 01:10:18
Where it's set, so about 20, we're at 17. 01:10:24
So we have three more movers to get by the end of May. 01:10:27
We're kind of in that debts. 01:10:31
Winters always seems to be a dead spot in terms of folks moving. 01:10:32
The average? 01:10:36
We set a 70,000 as the baseline. 01:10:37
Of anyone and they they want, they're required to bring their W. 01:10:41
W2 W 9. 01:10:46
W's. 01:10:47
Verify that they are. 01:10:49
Getting fully employed, they go through a background check. 01:10:52
As well. 01:10:55
And we we requested that as well. 01:10:57
In terms of safeguard for the project. 01:11:00
So, umm. 01:11:02
I just. 01:11:03
Mr. Kayak, who's there? 01:11:05
Marketer had sent me this, I wanted to kind of send you, give you. 01:11:07
What? 01:11:11
He had provided for another 10 to. 01:11:15
To to 40 I guess 10 to 20 over. 01:11:18
Period of one year or two years. 01:11:22
To give you some background, this contract. 01:11:24
Was 124,000. 01:11:28
We got a grant of 114,600 so we were out. 01:11:30
A little over 10,000. 01:11:35
There are two incentives that we have. 01:11:37
I'll send you a link to. 01:11:41
Their website so you can see Noblesville and other communities that are doing this as well. 01:11:43
We give an incentive. 01:11:48
$5000 to move. 01:11:50
It's in two tranches. It's $2500 within. 01:11:52
Once you move and show, you have a utility. 01:11:56
In the county. 01:11:59
And then after at the one year anniversary. 01:12:01
We're going to. We asked for that same documentation to get the next 2500. 01:12:05
And then if you stay. 01:12:11
A total of five years. 01:12:13
You have the ability to get. 01:12:15
$5000 in that five year period. 01:12:17
Or you can use that five that that 5000. 01:12:20
Through. 01:12:24
A grant $5000 to start a small business. 01:12:27
It has to be they have to come in and present from redevelop. 01:12:31
Friend this board. 01:12:36
Go through at ISBC as well. 01:12:37
And putting that business plan together so. 01:12:40
Just to give you some impact annually. 01:12:45
The annual impact is over $1.5 million. There's been about $2.1 million. 01:12:49
And not only not household income, but. 01:12:57
Actually workforce income that's come in. 01:13:00
We're looking at, we've ran some numbers about 42,000 and. 01:13:04
And lit annually. 01:13:08
So we're getting a. 01:13:10
Through this program we're getting a. 01:13:13
For 10,000 pretty much a $10,000 investment. 01:13:15
We're getting about 42. 01:13:19
42,000 backing. 01:13:21
So and we haven't. 01:13:23
We need to run a little bit more numbers, kind of show kind of the. 01:13:27
The multiplier this will have as well in terms of. 01:13:30
Both real estate and sales tax. 01:13:33
How do we read this? What's 10 HH? 01:13:38
10 households. 01:13:41
OK, households. So yeah. 01:13:43
OK. 01:13:45
Yeah, I'm sorry. 01:13:47
Good question. 01:13:49
He has also added in there the opportunity that the grant. 01:13:50
Pay for administration of it as well. 01:13:54
So. 01:13:58
That local admin number is 55. 01:13:59
So you could pay part of the salary out of that. 01:14:03
If he so chose. 01:14:06
I just wanted to get this is more information. 01:14:09
Just one, we're getting it. We still got about 3 months with it with that initial contract. 01:14:12
I have not heard whether the program is going to be extended in the new. 01:14:18
Administration or not, he seems very. 01:14:22
Hopefully he hasn't heard anything back that it isn't. 01:14:24
But just wanted to get that out. 01:14:28
In front of you now. 01:14:31
Not just more for informational purposes today, so. 01:14:33
And I can send you those links and everything. I'll try to send those to you. 01:14:38
Sometime this week. 01:14:43
OK. I think that hits the high points of what redevelopments doing so? 01:14:46
Did you did you want to talk about natural gas? But we have a few minutes. 01:14:52
I have reached out, haven't heard back. 01:14:56
But. 01:14:59
Natural gas. 01:15:01
Definitely is one of those. 01:15:03
Items that. 01:15:05
I probably buried the lead and that's probably 1. 01:15:07
One project that probably. 01:15:11
Will be a big driver for, for the, for, for for the area. 01:15:13
Last last I heard. 01:15:20
From. 01:15:22
Center point was before the holidays they were going to reevaluate. 01:15:23
Some of their numbers. 01:15:27
Includes under commercial members at the Loft office property. 01:15:29
And then calculation. 01:15:33
I mean it's not feasible for anyone. They they wanted $2,000,000 up front before they even. 01:15:36
$2,000,000 they would. They would do that in two tranches, so plus them. 01:15:41
I'm happy for him. 01:15:48
If you give me $1,000,000 but I can't tell you when I'm gonna build it. 01:15:49
I think it's probably something. 01:15:56
I would say next steps would be to look at. 01:16:00
What the impact would be the brain gas in and what the cost associated with the sure. 01:16:02
And is there an opportunity? 01:16:09
What what basically is the return of investment? 01:16:12
Redevelopment, sure, right. And I know they were going to take another look. 01:16:15
What the Loftus development would do to the numbers? 01:16:19
Anyway, yeah, it's. 01:16:23
When they when they came to us with the number that they had to have up front of them. 01:16:26
What? What? How are we? 01:16:29
Justify that I mean. 01:16:31
Anyway, it's it's basically a 5050 cost shares what they're talking about so. 01:16:34
Umm but umm. 01:16:39
I don't know if anybody has any questions about that as well. 01:16:42
No, and I don't know if we've. 01:16:45
Took us to the We're almost ready to start a regular meeting. All right. 01:16:48
We have time for a donut. 01:16:53
Appreciate your time and kind of like I said, it gives you an overview of what we've got going on and. 01:16:58
I think really is kind of the direction of what items you want worked on and. 01:17:02
And who wants to be involved with it? 01:17:07
In terms of staff. 01:17:10
So it's kind of work. 01:17:11
That's probably the next step for the board is to say. 01:17:14
Here's the priorities or here's the projects that. 01:17:17
We want to tackle this sharing into next. 01:17:20
Thank you. 01:17:24
All right, I guess we'll. 01:17:25
Officially close our work session. 01:17:27
And then? 01:17:30
Take a few minute break and we'll. 01:17:31
Start a regular meeting here in about 5 minutes. 01:17:33
Commissioners, I think. 01:17:42
Yes, Commissioner. 01:17:45
The new statute. 01:17:47
So I think it's the VP. 01:17:55
Praise Council. 01:17:57
Right, Counselor, probably. Commissioner, he is definitely. 01:17:59
Actually, I know Commission. 01:18:02
I'm not sure, 100 percent, 100%. No, I am for 100%. 01:18:04
No, OK. So we're good on that. 01:18:07
All right. 01:18:09
Cool. 01:18:10
Oh, we still want wrinkles out there. 01:18:12
Did you get? Did you get the? 01:18:15
School started. 01:18:17
Synchronous learning. 01:18:21
We'll see if he gets back on. 01:18:23
My senior is. 01:18:26
Doing his synchronous learning in the dining room because they like they don't even turn on cameras, they get on for like 2 01:18:28
seconds. 01:18:31
I think they turn them on and turn right off. Yeah, yeah. 01:18:34
He's like, I can sit here. 01:18:37
Terremont President? Yeah, he just has his air pods in. I'm like, I just need you to tell him. 01:18:38
To get back on. 01:18:43
Yes. 01:18:45
You need to monitor, yeah. 01:18:49
I mean. 01:18:51
I guess it's 4th grade. It's not rocket science. 01:18:54
4th grade, is that what you said? Yeah. We're not rocket science right now. 01:18:59
He won't die from one day. 01:19:02
Yeah. 01:19:12
Yeah, what in in COVID? I should admit to this. 01:19:13
You know, it was everybody was having a hard time. I just gave up. 01:19:18
Teachers, students, parents and I had. 01:19:22
Yes. 01:19:28
Middle school. 01:19:31
2012, four years ago. 01:19:32
Yeah. 01:19:34
And so. 01:19:39
Yeah, he just. 01:19:43
There was no He's trying to make all my kids. 01:19:44
Do something at home. My teachers aren't making us do this, but you're. 01:19:46
I'm responding to you. 01:19:52
This house and nobody knows what to do right now so. 01:19:53
Paying job. 01:19:58
And then my daughter took it good and. 01:20:01
I kind of the teacher maybe assume that when you were talking about. 01:20:04
Stone Hill and LS. 01:20:07
Real estate auctions. 01:20:09
Brokerage bill a lot. 01:20:14
Jeremy Ward. Oh, OK. 01:20:16
I was like, look, I just made them and. 01:20:20
You know, during this, my daughter text me, she goes, yeah. 01:20:25
This was the next semester test. 01:20:29
She goes, yeah, you know, I did that. 01:20:31
Class right? Like yeah. 01:20:33
We deal with that. 01:20:35
You know, I don't. It's just a conversation. All because. 01:20:37
One of my partners, Scott Hannah, deals with all types of women. More Realtors like. 01:20:41
He was a 6th grader. He's an orchestra at the time. And so they were like. 01:20:47
We have to pick Kroger's client for early. 01:21:01
Yeah, it's no big deal. 01:21:07
Wool collagen is outside. Yeah, no, we're not. I was like I don't get a friend. Six week stack of worksheets and he's not going to 01:21:11
come out of this room between. 01:21:16
That's what's awful. 01:21:22
Boys are already totally worse and they just kind of breaks this stuff. They had a roast treasure. My daughter is doing better 01:21:24
than. 01:21:27
So also pushed out. I got lucky. 01:21:31
For the most part. 01:21:39
As fast as we. 01:21:53
I'm good, thank you. 01:22:00
I'm normally buying a second. 01:22:03
Yes, yes. 01:22:06
Throughout the week. 01:22:07
I was playing, you know, it would matter. 01:22:09
Something to mess around. 01:22:10
And then I sold it, so I didn't realize I wasn't doing anything, you know? 01:22:13
And I'm like last week or two weeks ago, it went through. 01:22:17
And I was like, what's going on? What is going on? 01:22:23
You're gonna knock after the first attendance. You should have figured that out about the second or third day. 01:22:29
7-8 like I don't like. 01:22:34
Where's the survival? Yeah. 01:22:40
But it's gym class, right? So he's like. 01:22:43
I don't know. 01:22:48
For some reason I don't know. 01:22:53
Those we get excited about. It was just a disaster. And then you have like all the kids, like we had six kids in the house 01:22:56
sometimes like I've got an office space, I have like a Wi-Fi to like fast speeds you could get. It was a it was a disaster. 01:23:04
You're just gonna look at him. 01:23:13
It gets extremely crazy and creating stuff. 01:23:26
They'll pay more than what I was asking for because. 01:23:29
Yeah, yeah, they want their idea to go through. 01:23:32
Want somebody else? Yeah, it's just. 01:23:36
Like that, they look terrible. 01:23:43
20 years ago, now they're good Donuts. 01:23:46
People pay more. 01:23:51
You ever had a venue price? 01:23:52
I could have bought that. 01:23:55
You know, down the street and save 10% downtown. 01:23:58
Close to the school. 01:24:01
Area. 01:24:07
The auctioneer gets paid for anybody. It's a it's a very good. 01:24:10
That'll love it, yeah. 01:24:16
It's still Danny's folder to begin with. 01:24:19
Oh, did you? I think I had one that didn't have a name that says Stregal. 01:24:21
Yeah, I don't know. I think, I think I grabbed Andy's gonna sit there. 01:24:28
I'll see if my. 01:24:33
Yeah, do you need one? 01:24:37
I shouldn't be doing it but my wifes not here so. 01:24:47
All right. I don't know if we can. 01:24:53
Teresa's probably happened. 01:24:56
Nick, I don't know if you can run. 01:24:57
So we can start. 01:25:01
Additional Meeting. 01:25:02
Oh, it is. 01:25:07
I know. 01:25:08
I didn't know if you stopped it. 01:25:11
He wishes you did because now you've eaten the donut and. 01:25:18
I know, right? 01:25:21
So I'll record. 01:25:22
Chance. 01:25:25
They might be rude, I don't want to. 01:25:31
You should have a second one to make sure you should take some home. 01:25:33
There's a bag there too, you can put them in. 01:25:41
That's what I'm thinking. 01:25:45
Take him to your office. 01:25:47
Yeah, I did that yesterday. I love you. 01:25:48
Are we ready? 01:25:57
Nick, is it good? 01:25:58
All right. 01:26:01
Don, you're ready. We're going to call the meeting to order. 01:26:04
Redevelopment Commission regular meeting of February the 18th. 01:26:08
And Teresa's walking in so. 01:26:12
Sorry. 01:26:15
Went ahead and called the meeting to order. 01:26:17
Whenever you're ready, we'll do a. 01:26:19
Roll call. 01:26:21
Well. 01:26:25
I think this is going to be OK. 01:26:26
Quick. 01:26:28
Thank you. Yes, ma'am. Thank you so much. Thank you. 01:26:29
You need the water. 01:26:32
Yeah, whenever you're ready. 01:26:40
Here. 01:26:48
Here. 01:26:50
Here here press Stringle melting north. 01:26:51
Here, All right, let the record show we have a quorum and Brad is absent. 01:26:58
I don't think he was going to join. 01:27:03
Remotely. He didn't mention that so. 01:27:05
Yeah, OK. First item on the agenda is approval, the minutes. 01:27:09
I don't remember a plane. 01:27:14
Do we have a? 01:27:17
There's no claim, right? 01:27:21
There is. 01:27:22
OK. 01:27:26
Yeah. 01:27:31
First, we'd like to entertain a motion to approve the minutes. 01:27:33
Motion by Al is there a second? 01:27:37
Any discussion? 01:27:40
All the paper say aye. 01:27:42
Motion carries. 01:27:45
Yeah, I've got it, Theresa. Sorry I overlooked. 01:27:46
The next item is the approval of. We have one claim. 01:27:49
From our attorney fees from Young Lynn. Interesting Craft. 01:27:53
The amount of $1462.50. Entertain a motion to approve. Motion to approve motion by house or second. 01:27:56
Danny, sorry. 01:28:06
Any discussion? 01:28:08
All in favor say aye. 01:28:09
Motion carries. All right, Don. 01:28:12
Financial Report. 01:28:13
You're. You should have just. 01:28:16
Give you. 01:28:18
Just for your information, where we stand as of. 01:28:21
The different operating reports and project reports. 01:28:27
We have 75,000. 01:28:31
Dollar balance. 01:28:33
And economic development through edit that we've received. 01:28:35
There's 16,820 three 59 in that legacy fund from. 01:28:40
With the redevelopment through the City of New Albany which is 4933. Revolving loan is 264,676. 01:28:45
And a little bit of change, 44,452 in Highland. 01:28:52
Point Gateway. 01:28:55
Jeff, that's one of the items that did have a. 01:28:57
Conversation with the property. 01:28:59
Think it's properly man, I don't. 01:29:03
Property that deals with property and Tiff's in the auditor's office and. 01:29:04
Plan on sitting down with both the auditor and himself. 01:29:10
To just. 01:29:14
Again, kind of. 01:29:15
2251 start process of pruning then some of the districts and two just make making sure of that. 01:29:17
What we've had in the past. 01:29:23
Where we weren't getting our. 01:29:25
For allocation that that's where it should be, which would be in the past so. 01:29:28
With 50,000 that's been set aside, Commissioner Silo. 01:29:34
Our projects will give you we have 1.1 million in tip and the red wire TIF. 01:29:38
We have a debt service for them at 360,000 and. 01:29:46
470 Edwardsville School. 01:29:49
We have 180,462 left in the build operate. 01:29:52
Transfer project. 01:29:55
84500 and that debt service? 01:29:57
And then various bond. 01:30:01
Building. 01:30:04
We have 322,000 set aside for Nova Parking. 01:30:05
Building 5 on that as well. So on that line item or the fund, the Redevelopment Commission Fund 4933, there's no. 01:30:09
There's no restrictions on that 16/8, right? We could use that for just whatever is eligible through redevelopment. Yeah, that's 01:30:17
a. 01:30:21
Yeah, that's kind of what I booked. 01:30:26
Just to clean it up. 01:30:28
Possibly, but it does give you some flexibility. I mean in terms of having some. 01:30:33
That means we could use it for example. 01:30:40
Use it for not to pick that they're sitting here. We could use it for Wheatley Group. We could use it. We could use it for 01:30:42
professional services. We could use it, yeah. And that's what we set aside a small amount for professional services. That's the 01:30:49
money that we also with the with the lease that we get from the farm that goes in there and it goes back. 01:30:55
More importantly, that can be used for non professional services and other things. The TIF funds can be used for very limited 01:31:01
things but professional services. 01:31:05
Is included in that, yeah. So yeah, you could put professional services anywhere, 16 if you have something else you want to pay 01:31:09
that doesn't fit a TIF fund. 01:31:13
Got that there. I assume the Commissioner silo is equally. 01:31:18
It's It's similar to edit. We just. 01:31:22
No, that makes sense. 01:31:27
Yeah, but if you want to pay for something that's. 01:31:28
You know, again, not TIF eligible. 01:31:30
You probably want to keep at least OK. 01:31:33
All right, OK. 01:31:36
There's no action we need on this, right? No, that's just for your, your own information. I will just give you we have submitted. 01:31:37
We have actually got. 01:31:44
$380,000. 01:31:47
Back from ready that gets put back in for. 01:31:49
Nova Park. 01:31:52
And then we. 01:31:54
I have an item to have our resign at in the meeting as a Commissioner President. 01:31:56
That was approved. 01:32:02
And we submit that back to Ernst and Young through IDC, and then we'll get the remaining 800 and. 01:32:04
51,000 So that should close us out of ready 1 so. 01:32:09
And then we'll start making our draw. Excuse me? Start making our draws. 01:32:13
On that, on the bond proceeds that we put into the market. 01:32:17
Next month as well. 01:32:24
Is that correct? 01:32:25
OK. Next item is public comment and I don't think there's anyone here for that item. 01:32:27
I know you guys are on the agenda for something else so. 01:32:35
All right. You're still up, down, new business. 01:32:38
I think I've given you the make my move update from from the workshop. 01:32:42
We've got three more to get to finalize our contract. 01:32:46
And you said how long? That's three more months and. 01:32:50
Tolerant contract May 30th. 01:32:53
May 30th, yeah. 01:32:55
The current contract expires May 30th. 01:32:56
Current contract expires, we've already got our second tranche of the grant, so. 01:32:59
We got him in two tramp tranches, the 57,000. 01:33:04
Has already been, I think reappropriated last month back into the grant line item. 01:33:08
OK. 01:33:15
So that's all I have lost on my house. 01:33:16
Similar questions about make the move. 01:33:20
No, no. 01:33:23
Next item is the Eversville school the. 01:33:27
Architectural Engineering services contract with Michelle Allen Ritz Don and I've met. 01:33:30
If you recall at your last meeting, this was. 01:33:35
This was on our agenda, but we tabled it. 01:33:38
To allow us to meet with Michelle Allen Ritz to just go over. 01:33:40
The pieces of their of their contract. 01:33:44
I was fine with everything. After we went through it, I didn't have any. 01:33:49
Concerns. 01:33:51
This is for the school piece, Edwardsville School. 01:33:52
Property, uh. 01:33:56
And they will prepare design documents for the. 01:33:57
Rehabilitation of that building. 01:34:01
So in front of us is there. 01:34:04
Their contract. 01:34:06
In the amount. 01:34:08
203,000. 01:34:10
For their pay and a services. 01:34:13
To be performed for the school property itself. 01:34:16
Actually, for the school building, it's not the rest of the property, it's just a school building. 01:34:19
So I would entertain a motion. 01:34:25
To allow. 01:34:27
Meet the side. 01:34:29
They got you listed on. 01:34:30
To sign on this but I think. 01:34:34
Really, it ought to be. 01:34:36
I ought to be the one that's probably not for you, so. 01:34:38
Yeah, we would scratch that to allow me to sign. 01:34:41
Not sure why they did that. 01:34:44
We actually had the conversation with. 01:34:47
Allow me to sign this agreement with Michelle Allen Ritz. 01:34:50
For the Edwards full school building. 01:34:54
So moved. 01:34:57
Motion by Rich is there a second? 01:34:59
Second, any discussion? 01:35:02
Second by Al Sorry, Theresa. 01:35:04
Seeing no discussion, all those in favor say aye aye. 01:35:08
Be opposed. 01:35:11
Motion carries. 01:35:13
And Tracy, do you have the original? 01:35:16
Do you have the original? 01:35:18
I've got I printed one out. You do OK. 01:35:20
OK. All right. Next item on our agenda. 01:35:22
Is another. 01:35:25
Professional services contract This is on the. 01:35:28
Potential project at Tunnel Hill. 01:35:30
This is for economic development consulting services with the Wheatley Group. 01:35:33
As you heard during our work session. 01:35:37
This would allow. 01:35:40
Completely to work with us to help look at what are the funding options. 01:35:43
Available for. 01:35:47
Potential support of infrastructure improvements. 01:35:49
For the Tunnel Hill development and this also would give us the ability to utilize their services in other ways if we so choose. 01:35:54
It's an hourly contract. 01:36:01
With an upset. 01:36:03
Limit. Yeah, with an upset limit. 01:36:04
Of $30,000 so. 01:36:07
Use it as much as we. 01:36:09
Choose or not. 01:36:11
Justin's review, I should have said that last time. Justin's reviewed both contracts. He's reviewed this one as well. 01:36:14
Made one minor added to it that they've already changed and sent back. 01:36:20
And with that, I would entertain a motion to. 01:36:25
Approve the weekly. 01:36:28
Motion by Danny, is there a second? 01:36:32
2nd. 01:36:35
Second by Rich, any further discussion? 01:36:35
On this. 01:36:39
I just say Wheatley's done a fantastic job helping. 01:36:41
County. 01:36:44
And others I think. 01:36:45
Their their help. 01:36:47
Their guidance will be. 01:36:51
All right, no other discussion. All those in favor say aye, aye. 01:36:54
Any opposed? 01:36:58
Motion carries. 01:37:00
You've got that as well. 01:37:01
The original OK. 01:37:03
All right, we've got. 01:37:05
That was it. 01:37:10
We covered a lot in the work session. That's what it was. 01:37:12
I know you had asked us to. 01:37:15
Think about like direction moving forward and. 01:37:17
And so I think we'll do that, come back and. 01:37:20
We do want you to look at. 01:37:22
The TIF areas and. 01:37:24
And what kind of parameters we want to put around that Come back to us with that you and Nick both, I mean. 01:37:26
Talk to both of you so. 01:37:33
But I don't have anything further. 01:37:36
Do you guys have any? 01:37:39
Anything else? 01:37:40
All right, there's nothing else to entertain. A motion to adjourn. 01:37:41
So motion by Rich, second by Danny. All in favor say aye aye. 01:37:44
All right. Thanks for hanging in there, guys. 01:37:49
With work session I know it was a lot. That's good. 01:37:54
We have minutes to sign. Don't don't leave yet. 01:37:57
Yeah. 01:38:00
Get those signed on. 01:38:03
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Well, you know, I mean. 00:00:01
For Danny and House. 00:00:03
Sake. I mean a lot of these things. 00:00:05
We've been talking about forever. 00:00:07
Yeah, you know. 00:00:09
I might prefer paper. I can do the line. 00:00:12
The overwhelming majority. 00:00:15
Yeah. 00:00:18
Renewable resources. 00:00:23
No, no. 00:00:29
Gracie, you want us? 00:00:31
We were milling them all from stuff we're clear from the dam. 00:00:32
You have to dry out for 30 years, but. 00:00:37
See if she's ready. 00:00:41
Yeah. 00:00:48
That's what I don't make hard. 00:00:49
Government legal pieces. 00:00:54
Yeah. 00:00:55
Home at the county gift shop. 00:00:57
Downstairs. 00:01:01
Mm-hmm. 00:01:02
Whenever you're ready, Teresa will get. 00:01:06
Start. You ready? Oh, OK. 00:01:08
We're going to call our workshop. 00:01:11
Meeting to order will. 00:01:14
No actions can be taken in this but. 00:01:16
This is a workshop. 00:01:18
For the Redevelopment Commission, just to catch everybody up to speed on a lot of endeavors we have going on, Don's gonna. 00:01:19
Go through a. 00:01:25
Presentation just. 00:01:26
Or what the Redevelopment Commission does, what our statutes are, that kind of stuff. 00:01:28
But. 00:01:34
You want to let. 00:01:35
Completely group go before that and then because they're the Wheatley groups here. 00:01:36
We'd ask them to help us with. 00:01:41
A potential development at Tunnel Hill. 00:01:43
And I put in front of you. 00:01:46
Up some documents, but the top one is the Tunnel Hill development. 00:01:48
This is a development that Bill Sprigler. 00:01:53
Wants to. 00:01:55
Take on. 00:01:56
And he's asking. 00:01:58
For county's assistance with some of the infrastructure costs. 00:01:59
Namely sewer and water. 00:02:04
We've had discussions with the town of Georgetown and Edwardsville Water. 00:02:08
They're both on board. 00:02:13
To. 00:02:15
To serve this site. 00:02:17
But uh. 00:02:19
Somebody has to pay for it. 00:02:20
So that's that's where. 00:02:21
We've asked a Wheatley group to come in to see if. 00:02:24
What are the funding options available to us to? 00:02:27
To assist. 00:02:31
In this if we could assist into it, so could it be the TIF monies? 00:02:32
Helping back bond. What is it so that's. 00:02:36
Why We've asked Wheatley Group to come before us. 00:02:39
And I don't know Paul or naked point of view, I want to just explain what our options are going to be and. 00:02:42
When I we can't act on your proposal until our meeting, but you can give us the yeah, absolutely. And so the basis of our 00:02:48
engagement again is with. 00:02:53
This this Redevelopment Commission. 00:02:58
Supporting your team and assisting that effort and trying to encourage this development along evaluate it. 00:03:00
Coordinate some of the efforts and help with some project management. So we have several different elements related to the tunnel 00:03:06
mill project. 00:03:10
Again. 00:03:15
Helping this team conduct the orchestra a little bit and evaluate the project and the various funding sources or. 00:03:16
Or bonding mechanisms that may be available. 00:03:23
So that's that's one portion of it. And then we have just some some general items within that engagement too. 00:03:25
Related to some utility coordination. 00:03:31
As well as some general on call services and this. 00:03:34
Engagement just establishes that working relationship between the Wheatley Group and the Redevelopment Commission. It's it's 00:03:37
hourly, it's not to exceed. 00:03:41
We're on call, generally how we propose this. Yeah. And one of the things gasps, you'll know. So Don and I were talking to him 00:03:44
about because Sprigler's been in front of us. 00:03:49
For years with different. 00:03:55
Different options for this piece of property and we keep asking him what? 00:03:58
What will IT support because? 00:04:01
We, we want to know. 00:04:05
What, what are the best options? And as we got to talking to it, we're like, well. 00:04:06
We think it's going to have to be. 00:04:11
A developer backed Bond. 00:04:13
Is what we think, but. 00:04:14
You guys see if it even pencils to see if it. 00:04:16
Works or not? 00:04:18
Correct. And we'd work in coordination with your financial advisor and. 00:04:20
Financial Council as it comes to that, but doing some preliminary analysis on the front end, ensuring there's ROI for both 00:04:24
parties. 00:04:27
That the structure works. 00:04:30
Both for the developer and delivers the return of this Commission's looking for. 00:04:31
That really drives some of the options and structures, whether it's a developer backed or some sort of reimbursable or. 00:04:37
Or there's some other mechanism out there? 00:04:42
We can look at. 00:04:44
Yeah, because the three things I think. 00:04:45
Don tell me if I've heard, if I remember this wrong, the three things that Sprigler would like us to participate in if it's 00:04:48
feasible. 00:04:51
If the if the funding. 00:04:55
Backs it up is the. 00:04:56
Extending sewer to the site, water to the site and Tunnel Hill Rd. improvement. 00:04:59
Yeah, OK. Those were the three things. 00:05:04
Another three main things that. 00:05:07
Natural gas comes up. 00:05:09
He spoke about that, but the remaining of water, sewer. 00:05:13
And he does not have any tenants lined up. 00:05:17
So, umm. 00:05:19
He's talked about a hotel, he's talked about restaurants, he's talked about different. 00:05:21
Things. 00:05:26
But to our knowledge he doesn't have anything and I believe. 00:05:27
And Nick, you, you're very familiar with this one. 00:05:30
This was just a zoning approval, right? 00:05:33
Yeah, it's concept plan for example. 00:05:36
Right. 00:05:39
Yeah, so he still has to come back for that. 00:05:43
Yeah. One of the things too that we'd look at would be just overall the the phasing. 00:05:46
Of the project. 00:05:52
Minimizing exposure and risk on the on the Redevelopment Commission side, ensuring that, you know, funds are delivered back to the 00:05:55
project on a performance basis. 00:05:59
Again, just try to eliminate. 00:06:05
And minimize that risk on this body side while also encouraging the development. 00:06:07
I mean, we'd like to see it as you saying that, well, I I can't get these people to really decide until I know I've got control of 00:06:12
this and I can do what I want. 00:06:16
No. 00:06:21
I don't know. I don't know what his discussions have looked like he's trying to get a handle on. 00:06:25
His costs? 00:06:31
So he can figure out if he can make the development. 00:06:33
Work or not? 00:06:36
Because he's he's got. 00:06:38
A contractor involved. 00:06:40
Chris Jackson Christianity. Sorry. 00:06:45
Drew a blank permit. 00:06:48
He's got them involved looking at. 00:06:49
What are the development costs for all the site? 00:06:52
So he's pulling together all this infrastructure costs. 00:06:55
To see OK what? 00:06:58
What's it going to take to to make this thing work in reality? Because I don't know that he's given anyone any. 00:07:00
I'm assuming this. 00:07:05
Until he knows his numbers, I don't think he's gone out and tried to market. 00:07:07
A particular lot yet, yeah. 00:07:11
So anyway. 00:07:13
Does he own this track? 00:07:16
I don't know if he has an option or if he owns it outright. 00:07:18
He's acted as if he has control of the property. 00:07:21
Yeah, there was a the reason, the ones that. 00:07:25
That's not shaded. 00:07:29
That was the last piece he acquired or was trying to acquire. 00:07:31
Because I think that was brought in later, right? He did an amended. 00:07:36
Came back later. 00:07:44
Yeah, that's what I was. That's what I was thinking too. So. 00:07:45
So yeah, he, I didn't know if he physically owned or if he just had an option to. 00:07:48
Purchase SO. 00:07:52
Anyway, I thought it would be helpful to have Wheatley here. 00:07:55
They've been a great resource for the county over the years and. 00:07:58
We really. 00:08:03
I think. 00:08:05
We're gonna lean on their expertise to help guide us and the best. 00:08:05
Option available to us because we have certain tools in our toolbox we can use. 00:08:09
It's kind of too bad because we we've used them across the street and there's lots there that are kind of them all around. 00:08:15
And my understanding is that's controlled by the. 00:08:24
Loftus family and I believe they're still looking to do some. 00:08:28
Yeah, I've talked to him about that, to Jeremy, Yeah. 00:08:33
Yeah, so. 00:08:36
Yeah, Donna mentioned gas, which we're going to talk about that, but that's a big piece for this whole corridor. 00:08:39
If we can somehow. 00:08:45
Make that work. 00:08:47
But we just know that. 00:08:49
Any TIF dollars can only go so far, so we don't. 00:08:51
We want to. We want to know what? 00:08:55
Is the smartest thing for the county. 00:08:58
If we're going to support something. 00:09:00
Is he trying to get these two southern lots? 00:09:02
Don't know, do you know Nick Meyer and. 00:09:07
Delaney's still. 00:09:10
OK. 00:09:13
That that Myron Stigler or Delaney. 00:09:15
Yeah, that's a good point out because. 00:09:23
That is obviously the last the two pieces you're kind of landlocked after that, I mean you're. 00:09:26
You know your Rd. frontage on all sides. 00:09:32
Yeah, I hate that film, but that's. 00:09:37
The realities play out all the time. 00:09:39
So I don't know if anyone had questions for him if it is on our regular meeting agenda their their proposal. 00:09:45
To assist us. 00:09:51
And I like that you kind of just made it hourly and. 00:09:53
That way we can tap into you for other things when needed. 00:09:56
Because we have a lot of things. 00:09:59
And. 00:10:03
We do, we do need their expertise. We need someone's expertise and they're they're local, which I really like. 00:10:05
What's the feeling of the? 00:10:14
The board here about. 00:10:16
What I'm saying like chicken and the egg, I mean, is this? 00:10:19
Something that is inevitable that this tract is going to be. 00:10:23
Probably it's been identified to be to to. 00:10:26
To be a mixed-use type commercial development, we'd love to see it happen. 00:10:29
I mean, you got to have utilities there to do it. 00:10:33
And at this intersection. 00:10:38
If I think about what else is around here, I guess we got the school. 00:10:40
Kind of on the other side of on the other side on 62, yeah. 00:10:44
Yeah, you got the school and the church property there. So is this the only tract that? 00:10:47
Development at the interchange? No, I mean. 00:10:53
You've got technically the church controls it, but to the right of Edwards or United Methodist Church, there's a there's a big 00:10:56
track there. 00:10:59
That could I mean. 00:11:03
They they, they control it. 00:11:05
You got all the Loftus piece that. 00:11:08
It will at some point. 00:11:10
We developed in some way. 00:11:12
That's probably about it, because after that you got the cemetery. 00:11:17
You're not going to see much. 00:11:21
Much else. 00:11:23
It is set up. 00:11:25
County has already completed the improvements 3 of the legs for the intersection where the light there's going to be a traffic 00:11:27
signal that induct. 00:11:30
Says it's warranted there. 00:11:34
Once this development goes right. 00:11:35
I feel stronger about. 00:11:39
Participation or doing some things if I knew how strong his conversations are with some of these people. 00:11:40
I hate to do some things and spend money and then it. 00:11:46
He still can't deliver. 00:11:49
I think you, I think you look at it though in terms of this is our piece to help entice development in that corridor. 00:11:50
It it's it's a. 00:11:57
It's a commercial piece that's going to. 00:12:00
Need these services, whether Bill does it, you do it, I do it, whoever does it. 00:12:03
It's going to need that. 00:12:09
So it's a later. 00:12:11
Somebody says is sewer available to this area? It will be. They have to extend sewers down at, you know one. 00:12:13
And it has to be extended down to Georgetown and water. 00:12:20
Is just on the other side of the cemetery. 00:12:23
And they have to extend across. 00:12:26
Front or back, everyone look at it at the cemetery to get there. 00:12:29
I might just add like what our approach would be on that to that very question and it's really kind of yes, quick, no quicker. 00:12:34
And so outlining. 00:12:40
The cost benefit, the risk reward proposition and The Who bears the cost side of it. 00:12:43
You know, you're, you're wanting to look at the phasing plan that Mister Sprigler is. 00:12:47
Deploy and then you're looking to. 00:12:51
You know, look at the cost structure that they're asking you to do. 00:12:55
Does his phasing plan cover that? 00:12:58
And is there a way to structure it? 00:13:00
Without a. 00:13:02
You know. 00:13:03
The way you would kind of stair step down the list is. 00:13:04
A developer A. 00:13:07
Completely municipal. 00:13:08
Backed bond, right? You're throwing your full credit behind it. 00:13:10
What I think I just heard is you guys would consider it with the developer back Tiff, that's where they're kind of. 00:13:13
Either. 00:13:19
Treating it in the form of an abatement. 00:13:20
Or they're through their lender or some other entity is bringing the dollars to close. So you're transferring that risk onto the 00:13:22
developer. 00:13:25
1/3 option that we have seen communities deployed. 00:13:29
Is more of a reimbursement. 00:13:32
Arrangement and so. 00:13:34
Discovering where Mr. Sprigler is at in his process with his phasing, who he is talking to. 00:13:36
I can't stand here and answer that right now, but that would be. 00:13:42
Our approach to try to ascertain what is, is and then from there. 00:13:45
Help you guys negotiate a deal that you know. 00:13:49
You know, finds the center of the van or in our office, we call it the Goldilocks zone, right, where everybody's kind of sharing 00:13:53
in the risk reward proposition. So that would be our typical approach. 00:13:57
Thanks. 00:14:01
So Galena. 00:14:03
We're doing some some. 00:14:05
No, they, they were not doing, they, they, they asked us to look at it. And actually I think you all may have looked at that one 00:14:07
for, for the developer. 00:14:11
We may be looking at the. 00:14:15
OK, well. 00:14:17
So maybe it's coming back, but. 00:14:18
Right now. 00:14:20
Didn't do that. We haven't done anything. 00:14:21
I would say once we. 00:14:26
Give a verbal. 00:14:28
You know we're interested, or we can make this work. 00:14:31
Things will start. 00:14:36
You're filling in nicely. I think so too, and. 00:14:38
Just make sure we're ready for that because. 00:14:42
Can't unring that bell once you know. 00:14:45
For me. 00:14:49
These BD and E. 00:14:51
Will go quickly. 00:14:53
The way. 00:14:57
You know, the faster food. 00:14:59
Restaurants and. 00:15:01
Coffee shops are now. 00:15:03
They've got their building down to a science, and they know. 00:15:04
They can get it within $10,000 when they build. 00:15:08
They know if it makes sense, and they can. 00:15:12
They can look at something. 00:15:14
Probably slightly a little bit more detailed than this with traffic numbers. 00:15:16
And. 00:15:20
Give you a yes or no and then a couple days of, you know, if they're interested so. 00:15:21
You know the bigger piece. 00:15:27
The hotel and then. 00:15:29
The out lots. 00:15:31
H&G might take a little longer, but. 00:15:33
Once the bulldozers start moving. 00:15:38
You know. 00:15:41
Everybody gets on board. 00:15:43
And it's a highly visible site that they how I was just by there, yeah. 00:15:44
You can't miss it. It is. 00:15:51
If we if if the approach is 1 where we structure this correctly, it is performance based. I mean the the idea is that he's going 00:15:54
to be well incented. 00:15:59
To not have that carry cost burden of the infrastructure that. 00:16:04
He might be fronting and having to develop and fill that in so we can catch that and get that tip coming back into it so. 00:16:08
If you construct this appropriately. 00:16:14
You can get a little bit of speed behind it. 00:16:16
Good. Yeah, a lot of lot of things happening in that. 00:16:22
Corridor for sure. 00:16:26
Why don't you get the 1st? 00:16:27
Company to sign on. 00:16:32
The snowball grows exponentially, it just picks up speed and. 00:16:35
I think the nice thing about this and the Edwardsville school property and all it's, it's right at the interchange. So your your 00:16:40
access, you're in and out quick, you know that's. 00:16:45
There's a lot, a lot of things happening. 00:16:51
There for sure. 00:16:53
OK, I think. 00:16:55
Yeah. All right. 00:16:58
I appreciate you guys. You're welcome to stay, but. 00:17:00
Thank you all. 00:17:04
Thanks. 00:17:06
Appreciate it. 00:17:07
All right. 00:17:09
Don, did you want to? 00:17:13
Sure, I've got like 45 slides. 00:17:16
I know. 00:17:20
I won't. 00:17:21
Probably go through those as much as just kind of placeholders. 00:17:23
And I think I. 00:17:27
Yeah, and then so everyone knows. So I I just brought some random stuff for us for discussion purposes. Don't get freaked out over 00:17:31
the pile of paper. I just. 00:17:34
I thought it be handy when we talked about certain. 00:17:38
Pieces, parts and and. 00:17:41
Primarily, I think everybody just said the board. 00:17:45
I had had. 00:17:48
A lunch meeting with Nick and Al and Danny on Friday, I think, and kind of went over some of this, so I'm not going to go into a 00:17:52
lot of detail. 00:17:55
But the 36714 series is the Redevelopment Commission series. 00:17:59
And it goes over purpose and powers and limitations and funding sources. 00:18:04
There's a really good handbook from Barnes and Thornburg. 00:18:09
Through, I think, aim. 00:18:12
I can get you that it's about 256 pages so I'll send it as a link. 00:18:15
So it's a nice little. 00:18:19
White light reading, I think for everybody but. 00:18:21
Primarily, umm. 00:18:24
I kind of wanted to jump in and kind of give you an overview. 00:18:26
Really. First, our tips. 00:18:29
And where we kind of stand. 00:18:31
Here's some of our current funding streams. I'll go through those really quickly. 00:18:34
The City of New Albany actually had was our redevelopment Commission back in the 80s. 00:18:39
So when? 00:18:43
They got rid of. 00:18:45
And about. 00:18:47
1012 they, they, they would cut that tie or they came down and said here's here's your here's your papers and here's your house 00:18:50
and here's your tenant and. 00:18:54
Here's your $40,000 SO. 00:19:00
That's that Redevelopment Commission fund was established then. 00:19:03
We ended up we had to have a house. We went ahead and sewed that. 00:19:07
As when Lieutenant passed. 00:19:10
And so it doesn't have a funding source. 00:19:13
But it has kind of carried the the. 00:19:16
Carried some of the cost we put in our lease with the farm through the Mitch property. 00:19:19
In that so we you know about seven $8000. 00:19:24
Is usually what we generate there, so it's not a big fund. 00:19:28
Our tax increment financing funds we have. 00:19:31
Set up. 00:19:35
The main one is Highlander. 00:19:37
In Edwardsville Gateway. 00:19:40
District now. 00:19:42
Talk a little bit more of that in detail. 00:19:43
It is. 00:19:46
This will probably be the year that actually starts bringing in. 00:19:49
Pretty sizable amount. 00:19:53
The Grove Apartments is coming on board the. 00:19:55
Nob Hill Apartments will be coming on board as well. So our funding stream. 00:19:59
Was 3040. 00:20:04
$50,000. 00:20:06
It looks like that could be sizable anymore. 00:20:08
And we've estimated it being around 200,000 for the increment this. 00:20:12
This year so. 00:20:16
We do have a revolving loan fund that's also a relic from a previous time. 00:20:17
About $260,000 and. 00:20:22
We do get funding through the through edit and the Commissioner silo funds and we have a couple open. 00:20:25
Projects and grant funding Ready 1. 00:20:32
And ready to our projects that we had. 00:20:35
Just real briefly on that. 00:20:38
When reading one started, we put in a kind of a joint application with the town of Georgetown. 00:20:40
For their town park. 00:20:47
Nova Park. 00:20:49
And the gas line? 00:20:50
And so through Ready 1 and 2, two of those were funded. 00:20:52
The gas line. 00:20:55
Really kind of the out the outlier for some reason that didn't get funded. 00:20:56
But when we can talk a little bit more about that before you get off this slide? 00:21:01
Sorry. Oh, sure. 00:21:05
The revolving loan fund, we talked. 00:21:07
Kind of loosely, but never really. 00:21:10
Dove into it, you know. 00:21:12
I think you mentioned there's like. 00:21:14
200, yeah. 00:21:15
660,000 Yeah, I think it's on your. 00:21:17
So maybe I don't know. 00:21:20
May we think about that? Like, what's that? What are we? 00:21:22
What do we want to do with that? 00:21:26
Do we want to? 00:21:27
Promote. 00:21:28
What the loan? 00:21:29
Fund is for and. 00:21:30
I'm just talking out loud, entrepreneur, entrepreneurial things. There's a pot of money there and. 00:21:32
I think maybe something to discuss. 00:21:39
As kind of if you all want to delve into that as a component of. 00:21:42
What can what? 00:21:47
You know what's available, what can be done. 00:21:48
And be done for different purposes, I mean like. 00:21:51
The equipment grants loans, could it be? 00:21:56
What? Yeah, I mean, I'd like to see it go to something. 00:22:00
Rehabilitating. 00:22:04
Yeah, yeah. Could it be something? 00:22:06
Yeah, I'm just throwing things out. Facade or whether it be abandoned buildings or something of that nature. Yeah, 100%. 00:22:10
But there's money there, and we never really. 00:22:17
Initiatives of the Georgetown Main Street Group or whatever they're trying to they're doing. 00:22:20
To AL's point, yeah, they'll do. 00:22:25
Rehabilitation funds, they're doing grants. 00:22:28
They're small, they're five. I think the most is 10. 00:22:32
1000 or something but but still it's to help. 00:22:35
With, you know. 00:22:38
Rehabbing a facade or a building or new Windows or. 00:22:39
Things like that. 00:22:44
Anyway, I just bring that up because I think that's something. 00:22:46
We should, uh. 00:22:48
Look into and. I think part of the part of this workshop is kind of identify. 00:22:50
What the board wants to kind of focus on. So I've kind of made a note to OK redevelop. 00:22:55
Revolving loan there. 00:23:00
So I feel like. 00:23:02
And we've closed out, sorry, we've closed out or close to closing out any of them that were active. They're all closed. They're 00:23:04
all closed, OK, they're all closed. 00:23:08
So, so now it's just a balance of money that's there. 00:23:12
There are no active loans. 00:23:15
No, OK. 00:23:17
Do we have stipulations on? Well, at one time we did. 00:23:18
At one time it was heart. 00:23:26
It's kind of a held over from when it was an economic development. 00:23:28
That was with the Economic Development Administration. 00:23:33
Back in the 80s, so. 00:23:36
Those ties have been. 00:23:39
Been caught we've we've made the length of that grant loan program. 00:23:40
Complete SO. 00:23:46
I really the board. 00:23:49
It's a fresh slate. It's really kind of a fresh strip. 00:23:51
Of how you want to set it up, What do you want to use it for? 00:23:54
Federal strings have been removed because of the time. 00:23:58
So, you know, there's a, there's a lot of different options available. So I mean, if this is an item that you want to pursue. 00:24:02
OK, definitely. I think there's. 00:24:09
You know, opportunity to sit down. I think we should. I mean, I like. 00:24:12
I think Dale's point, it'd be nice to be able to help encourage some of that redevelopment of buildings and. 00:24:15
You know how can we help? 00:24:21
Regard. So yeah. 00:24:23
Have some parameters in place before we. 00:24:25
Oh yeah, Before you open that, yeah, before you open it up. That's why I brought that up. It's like it's a fresh slate. So now 00:24:27
that'd be a great program. It's. 00:24:31
There's not a lot in there but you. 00:24:35
You know, leverages, you know. 00:24:37
Yeah, OK. I'm sorry. 00:24:40
That's what this is used for 3-4 years. No, we have not. I mean when we started there was Magdalena still had an outstanding 00:24:43
balance and. 00:24:47
There was another text. 00:24:52
Payback. 00:24:57
We there the the two that that. 00:24:59
That the board's been involved with since I've been here was. 00:25:02
Magdalenas. 00:25:05
That was. 00:25:08
That goes way back. I mean that was an old. 00:25:09
And then the other being. 00:25:13
Being tech shot lighting. 00:25:16
Was and so those are. 00:25:18
Did we do something like? 00:25:21
COVID times, there were some short term small loans that we did micro loans. Micro, we have an application process for that. They 00:25:22
were small. 00:25:27
2000, I think about $2000 and 2500 and we. 00:25:33
I think we got all those. 00:25:37
Yeah, there was one or two there. Sent some letters out. 00:25:39
Got them. So I think we had maybe 20. 00:25:43
If I my mind. 00:25:47
I think we set set aside. We had at least. 00:25:49
Somewhere between. 00:25:53
Say 10 and 20. 00:25:54
That thousand, yeah. 00:25:56
That we put together so OK, but those have all been. 00:25:58
It is right now just a pot of money. 00:26:02
Yeah, that's an opportunity. 00:26:04
I don't want to see us do something. 00:26:06
I guess some good momentum going on in Georgetown right now. 00:26:08
Just any any parts of the county too for sure. 00:26:12
Go ahead. I'm sorry. 00:26:17
No, no, you're. 00:26:18
You're fine, that's what this is kind of like, says Workshop. So it's just an opportunity to go through some things. 00:26:19
We have right now 4 TIF districts. 00:26:24
I think I've already went through this but. 00:26:27
Our main one is Evansville. 00:26:31
Highlander, Point TEF. We also have the Gateway Villages TIFF. That's the TIF that the Evansville school is. 00:26:34
That's a single parcel TIFF. 00:26:41
Our single project TIFF. 00:26:44
The red wire tiff is also. 00:26:46
A Tiffin and of itself. 00:26:50
And then we had a personal property, broadband TIF. 00:26:52
As well that we're receiving. 00:26:55
A small increment. 00:26:57
From the mainstream grant program. 00:26:58
In terms of their their property. 00:27:02
So that's really kind of our. 00:27:04
Overall tips that first map you have. 00:27:06
The ones that I. 00:27:10
Just so that you are have an idea. 00:27:12
That is our actual Highlander point in Edwardsville. 00:27:15
Tiff. Nice. 00:27:19
It is uh. 00:27:22
Almost looks like a congressional gerrymandered district. And it is. Help us understand the colors. 00:27:23
The blue is actually the TIF, the steel. 00:27:29
TIFF areas. 00:27:32
You know. 00:27:33
Oh, thank you. 00:27:36
So those blue solid areas are the actual. 00:27:40
Areas of the tip as you see it, kind of. 00:27:45
It hits around Highlander Point. We did primarily and basically vacant land at the time. 00:27:47
Back and I think this is 8. 00:27:54
14 to 18 time range. 00:27:58
And then it goes along Luther Road and then it picks up. 00:28:01
The Loftus property. 00:28:07
Goes along. 00:28:10
State Road as well and picks up. 00:28:11
Nob Hill area. 00:28:14
And then? 00:28:16
Meanders and catches some other properties as well, including. 00:28:17
At the time the school. 00:28:20
A couple items and I think are. 00:28:22
Interest that we would. 00:28:25
From a staff point of view would be looking to speak with. 00:28:27
And get your all's approval to go ahead and do some pruning. There's some residential properties that we don't gain. 00:28:33
Anything from? 00:28:39
There's been some subdivisions that have been rezoned. 00:28:41
Our property has been rezone for subdivision. 00:28:45
That were commercial at one time so. 00:28:48
So that's one of the things I would. 00:28:51
Would suggest us to do also. I think it would be good to have. 00:28:53
Maybe there's discussion on? 00:28:56
What our policies are going to be for new TIF districts? 00:28:58
I know that's. 00:29:03
Can be somewhat controversial. 00:29:04
Certain areas about Tiffany areas. 00:29:07
I can give you like. 00:29:12
My my professional opinion is you, you tiff an area for to get the infrastructure and get it built up. 00:29:14
And then the whole goal is to release that back. 00:29:21
To the general fund. 00:29:24
So. 00:29:25
I know some other entities have different. 00:29:27
Ways of dealing with that but. 00:29:30
That's really kind of the. 00:29:32
Theoretical purpose of TIFF. 00:29:34
Don, what's your yellow boxes? 00:29:37
Those yellows are those yellow boxes are areas that we're going to talk about a little bit later, but I just wanted to kind of 00:29:39
highlight them as we go through. 00:29:43
The US 150 properties are. 00:29:48
Up to the north. 00:29:51
Those are potential development areas. 00:29:52
That we've had discussions and. 00:29:56
Either the county or. 00:29:58
The developer has come and had a conversation with us down below. 00:30:01
Want to this part of the spiral property? 00:30:05
This is a little bit older. 00:30:09
In terms of. 00:30:11
At the time he's now, he now has picked up the entire area there so. 00:30:14
So that just highlights a couple of barriers that that we'd have a little bit more conversation with later on, but. 00:30:18
I think probably the next. 00:30:26
You know the other kind of in terms of policies, there is an opportunity right now to do residential tips. 00:30:29
In terms of. 00:30:36
Tiffin residential areas. 00:30:37
I don't uh, uh. 00:30:39
I don't know. 00:30:40
You know, there's a cost benefit of that because it does take that does take that away from schools and fire and whatnot. 00:30:45
If that's if that's something that the board is interested or not, but that may be another discussion for you all to have. 00:30:51
So really I think for just. 00:30:58
You know what? 00:31:02
I guess for discussion purposes it's just kind of say. 00:31:04
You know, what's the general thought about. 00:31:07
You know thought concept route new tips we we have. 00:31:12
Looked at putting the tips in areas where our our. 00:31:16
Our two hubs are in terms of our commercial. 00:31:19
Development so. 00:31:23
I will say that the park. 00:31:25
To the West, the Bob Lane park is not currently part of the tiff and to possibly be. 00:31:27
Added as well, so. 00:31:32
I'll just leave that and see if you all want to have a discussion on that or if you. 00:31:36
When you say the part, the regional part, the Regional Park, Yeah. 00:31:39
What would be the? 00:31:43
Advantage to having it in a TIFF. 00:31:46
The Regional Park. 00:31:48
Just funding. 00:31:51
Pretty much that you could. 00:31:52
I mean, you wouldn't. 00:31:53
Pick up any new. 00:31:54
Because that's going to be county developed, right? It's going to be counted, but you could spend the fun. 00:31:56
In serving and benefiting. 00:32:02
That area, yeah, you could spend the funds in there. I assume that's what you're. 00:32:03
Yeah. So you could use the funds in that. 00:32:07
Yeah. And just to piggyback on it, our, our TIF funds are. 00:32:10
Typically they're public improvements if we're doing them local public improvement. 00:32:14
But they're in serving and benefiting that. 00:32:17
Yeah, Brat tip area. So that's the that's two restrictions. That's the benefit I see too is you can we can't pay for operating. 00:32:19
Park, but capital improvements, yeah, roads within here. 00:32:25
That makes sense. 00:32:31
I think we've talked about it before. There's a case right on point on that where they tried to pay operating. 00:32:33
No. 00:32:38
I just know for the new couple other. 00:32:40
Members just. 00:32:43
When will we get the annual report on the? 00:32:47
Financial. 00:32:49
Health of the. 00:32:51
The TIF districts. 00:32:52
You should have and. 00:32:55
Should have got sent out just the. 00:32:57
Financial kind of listing of dollar amounts. 00:33:03
That should have been in your packet. 00:33:07
Gotten sent out. 00:33:09
That and the claims got sent out Monday. 00:33:10
OK. So the packet for this meeting, is this the fund report? 00:33:14
Yes, yeah, yeah, I don't know. 00:33:18
So you got like a calendar point gateway TIFF 44,450. 00:33:22
Is that in the right? 00:33:28
It's probably in your binder. I printed it out. Yeah, yeah, it's in there. 00:33:29
I haven't looked at the matter yet. 00:33:33
Yeah, I I just can't look through there. 00:33:38
So it's rough for Highlander points around 4045 thousand. 00:33:40
Yeah, is what we have in terms of cash on hand. 00:33:45
OK. 00:33:59
I think it's that makes sense to. 00:34:01
We want to have the ability to. 00:34:04
Extend that into the regional part. That makes sense. 00:34:07
To me. 00:34:11
I do notice we have a. 00:34:16
The big chunk of Nob Hill is being developed. 00:34:18
Which a lot of that's going to be. 00:34:22
Multifamily on the front in some. 00:34:24
I think he has couple commercial lots. 00:34:27
Then he has a is a commercial section. Yeah, section. 00:34:29
The western side. 00:34:34
Does it? Yeah. 00:34:38
Saw where they cut the road in. 00:34:41
But at the time we did the districts, these were vacant. 00:34:45
Partial, so we knew that there is a going to be sure no. 00:34:49
Makes sense? Some of that has. 00:34:53
You know, to capture the apartment come. 00:34:55
Complex as we captured the hoe. 00:34:58
The whole development. 00:35:01
Really that, being able to prune through some of those residential lawns, that's what I thought was one of the you'll be cleaning 00:35:02
that up once he gets to plat. 00:35:06
Approved. 00:35:11
All that good stuff. 00:35:12
Makes sense, but I didn't I guess kind of the. 00:35:14
I don't know, maybe there's not A at this time of water in terms of the policy for new or expansion. 00:35:17
Have any test cause? 00:35:23
I think we'll and obviously as I transition this over to Nick, I'm. 00:35:25
There is going to be folks who come in and want TIFF districts. 00:35:30
And are going to want single. 00:35:34
Use 10th districts As for their parcel. 00:35:36
And so I think the question would be what? 00:35:38
What policy do you want to? 00:35:41
To look at in terms of. 00:35:44
Those being kind of viable. 00:35:48
Well. 00:35:54
I mean. 00:35:57
It's a good question. 00:35:59
And that maybe some of you won't want to. 00:36:00
Yeah, I mean, it's a good question. 00:36:02
So I guess what you're saying is for example. 00:36:04
Galena. 00:36:08
There's an example we don't. 00:36:10
Have a tiff? 00:36:11
In that area. 00:36:13
So what dictates? When do we? 00:36:15
No, just for that, for that corridor area, because that's that's really a transitional area that's been in the comp plan because 00:36:19
there's been a lack of sanitary sewer. 00:36:24
There's there is large tracks. 00:36:29
At one time there's a multifamily but mixed-use development. 00:36:32
You know 10-15 years ago that. 00:36:38
Was looked at. 00:36:41
In that area, well, just because of you know, you don't have sewer there. 00:36:43
Well, that was one of the struggles we had when. 00:36:47
You know, however many years ago it was, we started talking to tech shot. At the time, it was a struggle to figure. 00:36:50
Figure out, OK, how are we going to get this? 00:36:55
We don't want to take a shot to leave. Nova Park wasn't even on the radar, so. 00:36:57
We don't want take shot to leave. 00:37:01
How do we get sewer? 00:37:03
So they can. 00:37:04
Stay where they are and expand. 00:37:06
And we didn't really have a funding mechanism. 00:37:08
Didn't have a tiff we didn't have. 00:37:10
So I mean, that's to your point. 00:37:12
Do we look at, do we look at those corridors? 00:37:14
Account plan How do we? 00:37:17
Well, and you've also got, I think it's still vacant. I've been there a couple of weeks, but I think the same steps. 00:37:19
Building still, they still have been vacant. 00:37:26
Yeah, there's been a couple of attempts to try to make the restaurant. 00:37:28
Down across the street from Techshot Viable. 00:37:32
That hasn't taken off for I think 1 was Covic related obviously you know, and at some point in time in the next year well. 00:37:36
More than likely have a vacant building there. 00:37:44
So, uh. 00:37:46
In terms of. 00:37:48
Tech shock Covington living over to another park so. 00:37:50
And then there's some, I think scattered sites within that. 00:37:53
Maybe have some redevelopment opportunities, so. 00:37:56
Really just trying to. 00:38:00
Get your thoughts on how you. 00:38:02
Want to move move forward or? 00:38:05
So I don't get a vote in any of this, of course, but the statute does have. 00:38:08
I mean when you're creating, expanding a TIF allocation area. 00:38:13
You have to essentially say hey this property taxes is necessary but for this. 00:38:16
We're not going to be able to develop this. This is an area that needs. 00:38:20
Improvement and it can't be solved essentially by just private development that we we need to do that and step in. So it is. 00:38:24
Almost necessarily a case by case basis. 00:38:30
But you have to make the findings when you're going to. 00:38:33
Take something out or. 00:38:35
Add add a new allocation area. 00:38:37
And frankly, whether it's Wheatley Group or. 00:38:39
Whoever else, you're kind of looking at your your advisors. 00:38:42
For that project to make sure. 00:38:45
You can make those findings and. 00:38:47
Adopt the resolution that you need. 00:38:49
So which? 00:38:50
As an example, if we wanted to go up. 00:38:53
150. 00:38:56
And pick up that corridor. 00:38:57
Up towards. 00:38:59
Galena. 00:39:00
We would go through that process. 00:39:03
Yeah, you can create and we've created and amended the Tiff's a number of times here. 00:39:05
Yeah, umm. 00:39:09
Yeah. And each time we have those resolutions that say, I mean I can see that benefit to. 00:39:12
Stretching up through there, because you're right. I mean, there's no. 00:39:18
There are no good. 00:39:21
There are no. 00:39:22
Inexpensive options. 00:39:24
To. 00:39:26
Infrastructure needs. 00:39:28
You know, we we looked at. 00:39:30
The little Galena package plant there that. 00:39:32
Need that Hollander village. It needs to. It needs to go away. 00:39:35
Can't be improved in some way. 00:39:39
Yeah, Nick, I don't know what's going on. 00:39:41
It's timed out. 00:39:44
It looks to be like the first step is to go ahead and trim up. 00:39:45
Your register, presidential areas and and. 00:39:48
Shore that up and get get that off there and then. 00:39:51
We can look and see what we expect. 00:39:54
Logically. 00:39:56
Couple good ideas for that have already come up, but I agree. See you. 00:39:58
Term out what doesn't belong first. 00:40:02
OK. 00:40:06
Well, I'll jump into kind of our next thing real quick. 00:40:07
And that's really kind of giving you an overview of our projects, I think. 00:40:14
We've got our Nova Park Innovation and Technology park. 00:40:19
We've got Edwardsville school. 00:40:23
About the Highlander point. 00:40:27
150 area, we've got natural gas and. 00:40:30
Maternal Hill area as well. 00:40:33
As our projects. 00:40:35
Wanted to kind of if we could just kind of talk a little give you, I'll give you kind of a. 00:40:37
Talk a little bit about. There's a couple items I want to talk to you about about the. 00:40:43
Mount Nova Park. 00:40:48
One is. 00:40:50
We have we gotten. 00:40:52
The Certified Tech Park designation. 00:40:54
And and. 00:40:57
And if the board just. 00:41:00
Ready to? 00:41:01
Really. Kind of. 00:41:04
If there's an interest in trying to get that sort of occasion through IEDC. 00:41:05
That the two major items that we've always had is we. 00:41:10
You have to have a university associated with it. We do. 00:41:13
You have a technology company. We do. 00:41:18
So we've checked those items off the list. 00:41:20
They they have been. 00:41:23
Going away from these type of certified tech parks. 00:41:25
IADC but. 00:41:30
I think it's at least worth an opportunity at least put this to bed one way or another. 00:41:32
So Paul and I were talking about that briefly before. 00:41:36
Workshop what? What is the? 00:41:40
What is the next step? 00:41:42
To me, I think the next steps would be sitting down with with our. 00:41:46
Of our state. 00:41:50
Delegation. 00:41:52
And just having that conversation of. 00:41:53
Putting together a presentation that says this is. This is. 00:41:56
This is what we're asking for. This is what? 00:42:00
We see the district downs or the certified tech park districts. 00:42:02
This is the benefit. 00:42:06
And how and have that conversation with them. 00:42:08
And try to get that support form. 00:42:11
Do we have to have their support? I mean, I didn't know how to. 00:42:14
I you have to go through state budget. 00:42:18
A state budget committee or. 00:42:21
However, that stated. 00:42:24
But that's the final sign off on it, so. 00:42:26
They have moved more to these league districts. 00:42:29
And I think they're even holding off on that. That's the. 00:42:32
Very large one up around Lebanon that was. 00:42:36
You know, thousands of acres and. 00:42:40
And whatnot. 00:42:42
So the certified tech park. 00:42:43
Gives us. 00:42:45
New opportunities for other funding sources gives you the ability to capture not only the real estate but also the sales 00:42:47
increment. 00:42:51
Which if you look right there. 00:42:55
Trying to incorporate. 00:42:58
A component of either Sprigler's property or Office of Sugar in them. 00:43:00
I think would be would be. 00:43:05
That's that's the funding, that would be the mechanism. 00:43:08
If we. 00:43:13
If we've checked all the boxes, I don't see any downside to trying to at least get. 00:43:14
Take it to the next step to finalize it. 00:43:20
To me, yeah. 00:43:22
Like I said, it's either. 00:43:24
You know, and Paul and I have talked a little bit too, It's kind of like it's not something that they're doing. 00:43:25
And great. 00:43:30
And a great amount. 00:43:32
There is not a technology. 00:43:33
A certified tech park South of Scottsburg. 00:43:36
Is there is there a reason they are getting away from that or they just ran out of stuff? 00:43:39
Yeah, that's, you know, I've heard a couple of different things. I don't know, Paul. 00:43:45
You can come on up. 00:43:50
There's just a. 00:43:53
Free advice would be that. 00:43:55
When you do approach the state. 00:43:57
Budget agency, state budget committee, that it's showing them how you intend to utilize these funds. It's not. 00:43:58
Hey, we want to like reimburse our TIFF for the money that we extended here. 00:44:05
How are you furthering the mission? You know, you know. 00:44:09
How are you retooling the workforce? 00:44:13
How are you growing the community? So kind of tying it together would be my advice. 00:44:16
I can just tell you from personal experience, I thought we had to use euchre parlance. A lay down loaner on the PRF part there. 00:44:20
In New Albany and. 00:44:27
We've been rebuffed twice. 00:44:28
Yeah, I I would definitely try to tie it to. 00:44:31
But revenue? 00:44:37
Is coming up a little bit short. They're looking at your budget year. 00:44:40
The one thing I would say is. 00:44:44
Leadership team. 00:44:47
With the IEDC so perhaps. 00:44:48
Timing now is right, but I think you were definitely right getting. 00:44:50
Your delegation involved and kind of having that. 00:44:53
Soft political push. 00:44:56
It will help your like you, I definitely think you. 00:44:59
Should I would just? 00:45:02
Expectations. It's. 00:45:04
It's a difficult. 00:45:07
Thing to get done so if y'all get it. 00:45:08
Kudos if not, I think she just got taken stride. 00:45:10
I don't know if we act on your contract here shortly, maybe you could assist us with something too, yeah. 00:45:13
Anyway, OK. 00:45:21
But there's an opportunity. 00:45:24
The main thing here I was in line with. Now though, I'm like. 00:45:27
Are they just shying away from those or what's the? 00:45:31
And I know you don't know, but. 00:45:35
You know, I, I, I can't. 00:45:38
Address that, but that's always kind of been one of the focuses of. 00:45:39
As we moved Nova Park through was and with partnership. 00:45:43
IU Southeast is. 00:45:47
I think in my opinion it kind of lends more. 00:45:50
Linds at another level. 00:45:55
Being able to go out and say. 00:45:57
Of marketing. 00:46:00
Here's a certificate. We are a by state certified technology partner. 00:46:02
Here are the things we're doing. 00:46:06
With that funds to. 00:46:08
Yeah, here's how playing in the workforce, bringing in the the. 00:46:11
I think that Tasmania, back to what Paul's saying, is how do you tie that together? 00:46:14
So for potential tenants for. 00:46:18
Lessees or. 00:46:21
Purchasers of the other outlines. 00:46:22
At Nova Park, the advantages? 00:46:25
Are that if they relocate there, there might be funds for. 00:46:27
Tech training and training grants or. 00:46:30
How do you tie that? 00:46:34
Fitting labs or using lab space or whatever. 00:46:36
It's another incident, it's another tool on the incentive. 00:46:40
And then send toolbox. 00:46:43
OK, the next item I just wanted to talk about was actually no park. 00:46:46
And seeing that the board had any appetite. 00:46:52
Of looking at and it would be this map, right? 00:46:55
Here kind of gives you an outline. 00:46:59
Of the park. 00:47:05
Directly. 00:47:08
Call that to the right of the. 00:47:10
Of the house and Barnes. 00:47:12
Our lots 5-6 and seven. 00:47:16
They're a little over 10 acres in size. 00:47:18
And. 00:47:23
We've we have made. 00:47:24
Probably upwards about 10. 00:47:27
Filled out to. 00:47:30
10 requests for proposals from. 00:47:32
From IADC throughout the last year for potential projects. 00:47:34
Our sites are a little bit small there. Some of those that are we're getting are about 25 acres. 00:47:39
Take the majority of the park. 00:47:45
But did want to open up. 00:47:48
And see if you had a interest in. 00:47:50
Maybe taking those three lots and possibly lot. 00:47:54
Just north of. 00:47:58
That irregular shaped lot. 00:48:00
And putting together a request for proposal. 00:48:03
And put that out. 00:48:06
Market to see. 00:48:07
In terms of developers, what we can get back? 00:48:09
In terms of. 00:48:14
Potential projects for I think we do. I think you let the private market help. 00:48:15
Market this site for us and see who's out there that. 00:48:20
They have because they may say, hey, we. 00:48:23
There's no need to build that. 00:48:26
Cul-de-sac between. 00:48:28
6:00 and 7:00 because we'll take. 00:48:31
All three of those and make them into a campus. 00:48:32
Mm-hmm. You know, see what? See what someone comes back with. 00:48:35
Because there's no there's no cost to us to do that, so to speak. 00:48:41
And they come back not that's just really putting together the RFP in terms of staff time. 00:48:45
Other than that, right In terms of I mean. 00:48:50
What we've gotten, I mean, we've gotten the IDC request and you know, we're, we're in that mix. 00:48:52
We're also we've been filled in. 00:48:59
Responses from. 00:49:02
From folks who have come in as well and. 00:49:04
A little bit of marketing and they go. 00:49:06
Kind of ramp that up, but. 00:49:08
Go ahead. I was gonna say, would we limit it to this? Those lots? That's right. We're saying we're not 10-11. Yeah. 00:49:10
Would we limit Why limit to 10/11/12? 00:49:16
Yeah, it's like I came in just I didn't not want to overwhelm the board and let's say. 00:49:21
You know, a lot of times you never know what we don't know. What we don't know is out there. 00:49:31
Yes. What's the advantage of saying? 00:49:37
You know market that says. 00:49:39
A single piece when all these lots are available right now. 00:49:40
Somebody who's interested could say. 00:49:44
Yeah, I want to put these three lots together. 00:49:46
Just see what what? 00:49:49
Others may envision for that. 00:49:51
That site, I mean they they may have a way to. 00:49:53
Better utilize the space that. 00:49:57
Than what I mean. 00:49:59
I don't know. 00:50:01
Just throw that out there. 00:50:01
Yeah, so I think so, Don. 00:50:05
If you could come back to us with some. 00:50:07
What that would look like? 00:50:09
Yeah, we can definitely do that. Just want to kind of. 00:50:11
OK, Board feel OK with? 00:50:20
Yeah, absolutely. 00:50:22
Other item, another couple items I have in terms of no part, just by the way, before we move, do we have any sort of covenant or 00:50:28
anything on one? 00:50:32
One, one and one. One is as part of the red wire. OK. I knew where the building was going, so I didn't know whether they had they 00:50:38
took they picked up one as well. They have an option. They have an option. 00:50:44
OK. And there are maybe probably have some conversation with them as well because that will more there will be a section of that 00:50:51
that would be needed to. 00:50:55
Tie into the. 00:50:59
To the park to the West right was at the time we started this that. 00:51:01
Roy hadn't developed as much, so that that would be something we'll have to have. 00:51:04
For future conversation. 00:51:09
But umm. 00:51:11
The uh. 00:51:19
We're coming close to, I guess, some discussion on, on, on, on the. 00:51:21
Building 1 and 2. 00:51:28
Which is our whistle stop operations when we started. 00:51:30
We have a current contract with. 00:51:34
The group that work. 00:51:36
In terms of Co working. 00:51:38
Trying to lease those office space and then. 00:51:39
Manage the buildings as well. 00:51:42
That's coming up. 00:51:45
There's been some successes. There's been some. 00:51:48
You know, some things that have not been a success as successful. 00:51:50
So. 00:51:54
Really kind of looking to see if the board would have. 00:51:56
Would be interested in maybe having a small committee look at that. 00:51:59
And that contract and sit down with them and kind of. 00:52:02
Look at what the next next phase looks like in that. 00:52:07
Yeah, and I. 00:52:13
Been involved off and on with Don talking to. 00:52:13
Dad to do the route. 00:52:19
They have ideas as well, kind of lessons learned over the. 00:52:22
Course of the last year. 00:52:26
They're they're they're brainstorming how to. 00:52:29
Pitch the park, I guess it's the best way to work. 00:52:34
You know, I think. 00:52:38
I will. I think the the the most pressing thing is we'll. 00:52:40
What really? What is Building 1? 00:52:44
Right as that we looked at that as entrepreneurial space, it really never got traction. 00:52:46
We are in the house, the house. 00:52:53
I mean, is there other options I know. 00:52:57
There had been discussion having county offices. We could come out there as well. 00:52:59
Umm, so. 00:53:03
Now I think we're at this time where you know you. 00:53:06
I look at it as some things are successful, some things not as quiet. 00:53:08
I will say that some of the things that are. 00:53:13
Have been put in in terms here recently of the use of building 2. 00:53:15
In terms of. 00:53:20
Community type. 00:53:22
We have, we have, we just started what we call STEM Saturday and have. 00:53:23
Programming out there that has won over. 00:53:28
I think extremely well. 00:53:32
We've had a partnership with Sam Shine Foundation to bring some folks out. 00:53:33
And I think that's grown. 00:53:38
But I think they I think right now with that contract coming to. 00:53:41
To end. 00:53:45
And whether and how we want to look at that as a. 00:53:47
New contract or different contractor whatnot. Be good. This is a good opportunity. 00:53:50
I'd like to sit down with them. 00:53:54
Again, just to. 00:53:56
I think we owe it to each other too. 00:53:58
To hear out. 00:54:01
Ideas for what it would look like moving forward? 00:54:03
So I mean. 00:54:06
I'll be glad to continue to participate if there's anyone else who wants to. 00:54:07
I'm happy to be for you we. 00:54:12
We talked about moving some county stuff out there. Yeah. 00:54:13
Spitballing and talked about. 00:54:17
If you have some sort of. 00:54:19
You know. 00:54:22
Venue out there, right? You may have a company out there once on weekends for a wedding. 00:54:23
If you've got time now, that would be great. 00:54:29
Wait, wait. Yeah, OK. 00:54:31
Text me whenever but. 00:54:33
You know one of, one of. 00:54:35
My goal is to empty this property. 00:54:38
Liquidate finding property, you know that's what we're trying to do with our things downtown, right? Right. 00:54:40
But uh. 00:54:45
I think it would be great for us to have a county presence out there. 00:54:46
Yep. So OK, that's thank you. Permanent or semi permanent? 00:54:50
Give us a five year contract till. 00:54:56
The next best thing runs. 00:54:58
Kind of segue. 00:55:02
OK, we got a little bit of time left. 00:55:06
Edwardsville School. 00:55:08
Think we can kind of give you a little bit of an update. 00:55:10
Output in front of Don the VOT exhibit. OK, so I know you've got you've got the layout of the floor plan there. 00:55:14
I got the layout of the floor plan. 00:55:20
And the BOT. 00:55:24
That's the one with the red. That's this one. 00:55:28
Yeah, that's the red 1 and that what that is, is just to show. And when we say the BOT, we build on a transfer piece. 00:55:30
So the pieces in red. 00:55:37
Well, one red piece is bigger. 00:55:41
Yeah, right. But. 00:55:43
It's changed a little. Don't dive into the weeds. That podcast. 00:55:44
The the school. 00:55:51
The three red pieces are the top of the sheet is the school piece. 00:55:53
The uh. 00:55:57
To the right of that that little skinny piece is the Carolyn Ave. Right of Way. 00:55:58
Improvements that that we're responsible for from the county. 00:56:03
And then the bottom rectangle piece, that's the regional detention basement. 00:56:06
That is, that's where the money. 00:56:11
Monies were used for things on this sheet. 00:56:14
Of redevelopment. 00:56:16
So just. 00:56:18
That's what this is meant to show the rest of the development, all the apartments. 00:56:20
Are all around it that aren't income. 00:56:25
It's up. Still there, yeah. 00:56:29
So anyway, Don, I just wanted to give them kind of the lay of the land for the. 00:56:34
School. 00:56:38
Property. 00:56:39
And that's part of it. If you, if you haven't been to Carroll Ave. there, it's on right off the Interstate. 00:56:41
If you're coming West on 64. 00:56:49
Take a left and you go on State Road 62 and it's. 00:56:51
Basically right there. 00:56:54
There's additional properties that. 00:56:56
Are available or at least I'd say 15 other acres available and that was really the concept. 00:57:00
Part of the concept was to. 00:57:06
We have fully signalized light there now. 00:57:09
We have our first. 00:57:13
Development of the apartments. 00:57:15
There's some that those other properties are commercial, so having a regional detention basin. 00:57:18
Bringing out sewer and water, not only. 00:57:24
The village development, but also for future development. 00:57:28
Was was the thought process there? 00:57:32
The the are the items I have is. 00:57:34
I got 2 that gives you kind of a schematic of the. 00:57:39
Of the school. 00:57:42
To give you an update. 00:57:44
There's no asbestos in the school. 00:57:47
So we got that test back. 00:57:48
I'd send Bob. I think there's Bob. I got that. I signed that. Yeah, that questionnaire back for phase one from our end. 00:57:51
Sent that to the So we should be finalized and they should be finalizing the phase one. We got the tech pointing back. 00:57:59
There are areas that are. 00:58:05
Still in need. 00:58:08
Tuck pointing there's a. 00:58:09
I'd say a wall and a half that hadn't been touched as of about two 2 1/2 three weeks ago. 00:58:11
We were supposed to meet. 00:58:19
Thursday to look at the roof, but I think if we get 4 to 6 inches of snow, that's probably going to have to be postponed. 00:58:21
So and I know that we're kind of in the process of. 00:58:29
Getting easements signed and doing some things, I'm not sure through that. 00:58:33
On that and. 00:58:39
Are you guys either want to wear so we're trying to finalize the. 00:58:40
The agreement pieces with sprinkler development. 00:58:43
And there was a whole series of things they had to do. 00:58:47
Before we close on the property. 00:58:50
They're pushing hard to close on the property, but we still have these outstanding. 00:58:53
Pieces. 00:58:58
So that's. 00:58:59
We did, yeah. I didn't know how familiar. 00:59:02
One was it to be weather tied to pointed? 00:59:07
Clean, umm. 00:59:10
There is some. 00:59:13
I know there's easements that had to be. 00:59:14
Easements and and. 00:59:16
Whatnot had to also be. 00:59:18
Just so that we can have actually. 00:59:20
Control over. 00:59:23
The property. 00:59:24
And we're we're. 00:59:25
They've done everything except. 00:59:27
These last couple things, it's terrible responsibility for the work. 00:59:29
Yes, and they're the ones pushing for the clothes. 00:59:33
Yes. 00:59:35
I think there's a, there's a, yes. 00:59:40
Say what? Yeah. 00:59:44
We're closer than we've ever been, I will say that. So they they a lot of motivation for them to get it done right. Yeah, yeah, 00:59:46
yeah, there is there, there were some. 00:59:50
Sewer fees that had to be paid to the town that that's been done. 00:59:54
So we're we're. 00:59:59
We're very close. We are about as close as we've. 01:00:00
Yeah, once done. 01:00:04
Whoever from this group gives the OK, we've run title, there's some taxes they're going to. 01:00:05
The deeds prepared the other easements and documents that are going to go be recorded before it because. 01:00:11
Our acceptance of this will be subject to these easements and drainage. 01:00:16
Thesis. So all that's in place, it's really we're waiting on the. 01:00:21
If you think of it, the repairs that need to be made by the seller before we take title is really what it is. It's as simple as 01:00:24
that. 01:00:27
So hopefully here in the next. 01:00:32
Couple weeks well. 01:00:34
We'll be there, so. 01:00:36
Yeah. And I think that. 01:00:38
Give you an update on the Ready 2. We received ready, We received a. 01:00:40
Acceptance is one of the approved projects through the regional. 01:00:47
Our Southern Indiana Regional Development Authority. 01:00:51
We were slated with a little over $2,000,000 for renovations. 01:00:54
In 1030 mainly we've got the A&E contract to start. 01:01:01
Those fans won't become really available until. 01:01:06
I'm off. I would say June. 01:01:10
They the region has to get to 65% of the money spent in Claire, there's 60. 01:01:11
So, so there's that hurdle to. 01:01:21
To get over, we have as a Commission I've submitted on your all behalf into the portal. 01:01:23
Through river hills, all the items they needed for sources and uses. 01:01:30
So we're now in the queue there. 01:01:33
Umm, there there is one. I think it may be a. 01:01:36
Item of conversation one or two of this project and that is. 01:01:42
At the December meeting they talked about there's there may be a couple 2-3 projects that have not started yet and ready 1. 01:01:49
And and I think that might be an opportunity to. 01:01:57
An opportunity for us to be in the queue or at least to have a opportunity to talk to them about a backup plan if those those 01:02:01
projects fall through and reading one. 01:02:06
To. 01:02:12
But I'll just, hey, there's a little bit of pirate in me and. 01:02:16
Opportunity for some. 01:02:19
We're ready to jump on, right? 01:02:21
So there's that component. The the other component with this is the gymnasium. 01:02:24
There's some issues. 01:02:29
That component will be. 01:02:32
It's something that our architect engineers going to look at in terms of the roof and the gypsum. 01:02:34
Standards. 01:02:40
Did have an opportunity and sent him some pictures. I was. 01:02:41
Another roads go up in Indianapolis that. 01:02:44
Had some had a similar type of gym. 01:02:47
But had still girder. 01:02:49
So there might be an opportunity. 01:02:51
At least have that conversation, if that can be. 01:02:53
Replaced in terms of the roof, yeah, we're still kind of sad if we could save it or not. 01:02:55
But it's a basically 16,000 square feet. We had had conversations with the sheriff in terms of the substation. 01:03:01
The library having a branch. 01:03:08
Through Parks and Rec. 01:03:10
And then also maybe we have one private. 01:03:14
Private entity, that's entity that's interested in a tap, kind of a tap house and I think. 01:03:17
I would look at it. There may be an opportunity to as we get far along. Can we? 01:03:23
Had this as. 01:03:28
Maybe more kind of. 01:03:31
Small business type of. 01:03:33
Opportunity as well. 01:03:34
If you've got 120 units. 01:03:37
Right there, there's definitely probably some business opportunities whether it's a. 01:03:39
Whether it's. 01:03:43
Whether it's. 01:03:45
You know, personal care or whether it's a small, you know. 01:03:46
Grocery type or something like that that could be put in this as well. 01:03:50
I think now is kind of the opportunity as we get to design. 01:03:54
Really kind of fleshing out what. 01:03:58
What the final uses will be in some of that space. 01:04:02
Just click it. We don't have an indoor winter time farmers market type. 01:04:06
Situation. 01:04:10
Noble Park, one of the barns could be a good use for that too. But. 01:04:12
You know what? 01:04:15
Yeah, that's always something especially that that part of the county doesn't have. 01:04:16
Kind of a thing. 01:04:20
A lot of things. 01:04:23
Questions on that? 01:04:26
If there was an interest that maybe also having maybe a small working group work on the school as well. 01:04:29
Definitely, I think that would be helpful. 01:04:35
Don I know on our agenda we have a. 01:04:38
Proposal. 01:04:41
From umm. 01:04:42
The architect to. 01:04:43
To do to do the design. 01:04:47
Layout of the space, the improvements to the building itself. 01:04:49
So probably good timing for that. 01:04:53
Yeah. I think it's excellent timing if anybody's interested in being part of that project. 01:04:55
To think about that. 01:05:01
I've got two other. I'll try to go quick on these final two that I've got. 01:05:05
I think we've talked about Tunnel Hill, so I think that one can be. 01:05:09
Unless there's other questions. 01:05:13
It's about I can give you a number that I've got. 01:05:15
That probably needs to be updated, but we were looking at. 01:05:18
I don't have the sewer but. 01:05:27
Road and water was right at one point. 01:05:30
Like 0 is another. 01:05:33
That sound right 200,000. 01:05:35
Yeah, so. 01:05:38
So 1.6 for the improvements that Mister Sprigler is looking at. 01:05:40
Minus gas. 01:05:45
Is probably at ballpark. 01:05:47
That he's looking for the. 01:05:48
Tip for the 10s. 01:05:50
Yeah, yeah. 01:05:52
And then the the last two items I have. 01:05:53
Highlander Point. 01:05:57
We have and. 01:06:02
Nick may be able to speak a little bit more about. 01:06:03
What has taken place with? 01:06:06
It's alright. 01:06:11
N dot. 01:06:14
But. 01:06:17
If you see this map here. 01:06:18
15150 NAP. 01:06:23
There's 22 potential. 01:06:31
The parcels there. 01:06:34
Did they abandoned their roundabout ideas or Jay hook? 01:06:43
You know, you guys know. 01:06:47
We're going to put 1 here and one here or something they talked about, Yeah. 01:06:49
That you couldn't turn left. You had no *******. 01:06:53
I don't think they've been abandoned, but our last conversation, they've been pushed down the road to look at it again and. 01:06:57
2028 or something, is that right now? Yeah, 2031, yeah. So I think 2031, yeah, I know it's different. Really, if you want to talk 01:07:02
about right now, they really kind of kick down here. 01:07:08
Yeah, here. 01:07:14
Is that part of the roundabout deal? 01:07:16
Their roundabouts were going to be back. 01:07:17
Yeah. And then they're gonna be J turns, J turns. But then last time they talked with us. 01:07:19
They said they were gonna revisit in 2031, OK. 01:07:24
So it's it kicks the can down. 01:07:28
Some discussion about part of that or separate? 01:07:30
Improving Schreiber as kind of a back channel Rd. that was part of the discussion. 01:07:33
And that's right at we've got a number for that, it's about $4.5 million. 01:07:39
To take Schreiber from Luther to Hogan Sins Rd. 01:07:43
Make it 26 feet wide shoulders. 01:07:47
And. 01:07:51
And some drainage improvements there. 01:07:53
That that is an area that there's a lot of energy. 01:07:57
Interest as well. 01:07:59
Major Hubs is the major commercial hub. 01:08:00
For the county. 01:08:03
And we've seen some residential development take place in the last. 01:08:07
Couple of years. 01:08:11
And some development I don't know. 01:08:12
If you want to jump in, I feel like I've kind of taken. 01:08:14
About the captain. 01:08:17
The capital project. 01:08:20
Well, where Don has circled on this map. 01:08:23
We haven't approved. 01:08:27
Project or kipped his call, which is for N dot federal funding. 01:08:29
We're we're doing the RFP for the the PE now we're working on getting that under contract for installing the light there. 01:08:34
With the idea that there will be a through St. 01:08:44
To Schreiber. 01:08:46
And it'll also connect on the other side. 01:08:48
I think the timeline for that for the construction is. 01:08:52
FY20 8 so. 01:08:56
20/27/28. 01:08:57
Which which is not bad timing because. 01:09:05
Knowing what's? 01:09:09
They're looking at the piece behind the JC, so, you know, I mean it all kind of. 01:09:10
Works together. 01:09:14
Schedule water. 01:09:16
Yeah, it's not far down the road. 01:09:17
All this has been clear here, right here and here. Yeah. Well, I think they logged this, the log, yeah. 01:09:20
Yeah. Thank you. 01:09:27
One more thing. And then. 01:09:30
All right. 01:09:31
Ohh you brought Donuts, you didn't tell us. 01:09:35
I thought there'd be applause. 01:09:43
Is. We have a project called that we've been involved with now for two iterations called Make my Move. It's through the. 01:09:47
Indiana Economic Development Corporation. 01:09:54
It's a remote worker relocation type of program where there's grant funds provided. 01:09:57
And then? 01:10:02
We there's a company that's actually named made my move that actually goes through and. 01:10:07
That's these individuals in terms of. 01:10:12
Relocating to Floyd County. 01:10:16
We're in our second contract. We did ten the first year. We've done another 10 this year. 01:10:18
Where it's set, so about 20, we're at 17. 01:10:24
So we have three more movers to get by the end of May. 01:10:27
We're kind of in that debts. 01:10:31
Winters always seems to be a dead spot in terms of folks moving. 01:10:32
The average? 01:10:36
We set a 70,000 as the baseline. 01:10:37
Of anyone and they they want, they're required to bring their W. 01:10:41
W2 W 9. 01:10:46
W's. 01:10:47
Verify that they are. 01:10:49
Getting fully employed, they go through a background check. 01:10:52
As well. 01:10:55
And we we requested that as well. 01:10:57
In terms of safeguard for the project. 01:11:00
So, umm. 01:11:02
I just. 01:11:03
Mr. Kayak, who's there? 01:11:05
Marketer had sent me this, I wanted to kind of send you, give you. 01:11:07
What? 01:11:11
He had provided for another 10 to. 01:11:15
To to 40 I guess 10 to 20 over. 01:11:18
Period of one year or two years. 01:11:22
To give you some background, this contract. 01:11:24
Was 124,000. 01:11:28
We got a grant of 114,600 so we were out. 01:11:30
A little over 10,000. 01:11:35
There are two incentives that we have. 01:11:37
I'll send you a link to. 01:11:41
Their website so you can see Noblesville and other communities that are doing this as well. 01:11:43
We give an incentive. 01:11:48
$5000 to move. 01:11:50
It's in two tranches. It's $2500 within. 01:11:52
Once you move and show, you have a utility. 01:11:56
In the county. 01:11:59
And then after at the one year anniversary. 01:12:01
We're going to. We asked for that same documentation to get the next 2500. 01:12:05
And then if you stay. 01:12:11
A total of five years. 01:12:13
You have the ability to get. 01:12:15
$5000 in that five year period. 01:12:17
Or you can use that five that that 5000. 01:12:20
Through. 01:12:24
A grant $5000 to start a small business. 01:12:27
It has to be they have to come in and present from redevelop. 01:12:31
Friend this board. 01:12:36
Go through at ISBC as well. 01:12:37
And putting that business plan together so. 01:12:40
Just to give you some impact annually. 01:12:45
The annual impact is over $1.5 million. There's been about $2.1 million. 01:12:49
And not only not household income, but. 01:12:57
Actually workforce income that's come in. 01:13:00
We're looking at, we've ran some numbers about 42,000 and. 01:13:04
And lit annually. 01:13:08
So we're getting a. 01:13:10
Through this program we're getting a. 01:13:13
For 10,000 pretty much a $10,000 investment. 01:13:15
We're getting about 42. 01:13:19
42,000 backing. 01:13:21
So and we haven't. 01:13:23
We need to run a little bit more numbers, kind of show kind of the. 01:13:27
The multiplier this will have as well in terms of. 01:13:30
Both real estate and sales tax. 01:13:33
How do we read this? What's 10 HH? 01:13:38
10 households. 01:13:41
OK, households. So yeah. 01:13:43
OK. 01:13:45
Yeah, I'm sorry. 01:13:47
Good question. 01:13:49
He has also added in there the opportunity that the grant. 01:13:50
Pay for administration of it as well. 01:13:54
So. 01:13:58
That local admin number is 55. 01:13:59
So you could pay part of the salary out of that. 01:14:03
If he so chose. 01:14:06
I just wanted to get this is more information. 01:14:09
Just one, we're getting it. We still got about 3 months with it with that initial contract. 01:14:12
I have not heard whether the program is going to be extended in the new. 01:14:18
Administration or not, he seems very. 01:14:22
Hopefully he hasn't heard anything back that it isn't. 01:14:24
But just wanted to get that out. 01:14:28
In front of you now. 01:14:31
Not just more for informational purposes today, so. 01:14:33
And I can send you those links and everything. I'll try to send those to you. 01:14:38
Sometime this week. 01:14:43
OK. I think that hits the high points of what redevelopments doing so? 01:14:46
Did you did you want to talk about natural gas? But we have a few minutes. 01:14:52
I have reached out, haven't heard back. 01:14:56
But. 01:14:59
Natural gas. 01:15:01
Definitely is one of those. 01:15:03
Items that. 01:15:05
I probably buried the lead and that's probably 1. 01:15:07
One project that probably. 01:15:11
Will be a big driver for, for the, for, for for the area. 01:15:13
Last last I heard. 01:15:20
From. 01:15:22
Center point was before the holidays they were going to reevaluate. 01:15:23
Some of their numbers. 01:15:27
Includes under commercial members at the Loft office property. 01:15:29
And then calculation. 01:15:33
I mean it's not feasible for anyone. They they wanted $2,000,000 up front before they even. 01:15:36
$2,000,000 they would. They would do that in two tranches, so plus them. 01:15:41
I'm happy for him. 01:15:48
If you give me $1,000,000 but I can't tell you when I'm gonna build it. 01:15:49
I think it's probably something. 01:15:56
I would say next steps would be to look at. 01:16:00
What the impact would be the brain gas in and what the cost associated with the sure. 01:16:02
And is there an opportunity? 01:16:09
What what basically is the return of investment? 01:16:12
Redevelopment, sure, right. And I know they were going to take another look. 01:16:15
What the Loftus development would do to the numbers? 01:16:19
Anyway, yeah, it's. 01:16:23
When they when they came to us with the number that they had to have up front of them. 01:16:26
What? What? How are we? 01:16:29
Justify that I mean. 01:16:31
Anyway, it's it's basically a 5050 cost shares what they're talking about so. 01:16:34
Umm but umm. 01:16:39
I don't know if anybody has any questions about that as well. 01:16:42
No, and I don't know if we've. 01:16:45
Took us to the We're almost ready to start a regular meeting. All right. 01:16:48
We have time for a donut. 01:16:53
Appreciate your time and kind of like I said, it gives you an overview of what we've got going on and. 01:16:58
I think really is kind of the direction of what items you want worked on and. 01:17:02
And who wants to be involved with it? 01:17:07
In terms of staff. 01:17:10
So it's kind of work. 01:17:11
That's probably the next step for the board is to say. 01:17:14
Here's the priorities or here's the projects that. 01:17:17
We want to tackle this sharing into next. 01:17:20
Thank you. 01:17:24
All right, I guess we'll. 01:17:25
Officially close our work session. 01:17:27
And then? 01:17:30
Take a few minute break and we'll. 01:17:31
Start a regular meeting here in about 5 minutes. 01:17:33
Commissioners, I think. 01:17:42
Yes, Commissioner. 01:17:45
The new statute. 01:17:47
So I think it's the VP. 01:17:55
Praise Council. 01:17:57
Right, Counselor, probably. Commissioner, he is definitely. 01:17:59
Actually, I know Commission. 01:18:02
I'm not sure, 100 percent, 100%. No, I am for 100%. 01:18:04
No, OK. So we're good on that. 01:18:07
All right. 01:18:09
Cool. 01:18:10
Oh, we still want wrinkles out there. 01:18:12
Did you get? Did you get the? 01:18:15
School started. 01:18:17
Synchronous learning. 01:18:21
We'll see if he gets back on. 01:18:23
My senior is. 01:18:26
Doing his synchronous learning in the dining room because they like they don't even turn on cameras, they get on for like 2 01:18:28
seconds. 01:18:31
I think they turn them on and turn right off. Yeah, yeah. 01:18:34
He's like, I can sit here. 01:18:37
Terremont President? Yeah, he just has his air pods in. I'm like, I just need you to tell him. 01:18:38
To get back on. 01:18:43
Yes. 01:18:45
You need to monitor, yeah. 01:18:49
I mean. 01:18:51
I guess it's 4th grade. It's not rocket science. 01:18:54
4th grade, is that what you said? Yeah. We're not rocket science right now. 01:18:59
He won't die from one day. 01:19:02
Yeah. 01:19:12
Yeah, what in in COVID? I should admit to this. 01:19:13
You know, it was everybody was having a hard time. I just gave up. 01:19:18
Teachers, students, parents and I had. 01:19:22
Yes. 01:19:28
Middle school. 01:19:31
2012, four years ago. 01:19:32
Yeah. 01:19:34
And so. 01:19:39
Yeah, he just. 01:19:43
There was no He's trying to make all my kids. 01:19:44
Do something at home. My teachers aren't making us do this, but you're. 01:19:46
I'm responding to you. 01:19:52
This house and nobody knows what to do right now so. 01:19:53
Paying job. 01:19:58
And then my daughter took it good and. 01:20:01
I kind of the teacher maybe assume that when you were talking about. 01:20:04
Stone Hill and LS. 01:20:07
Real estate auctions. 01:20:09
Brokerage bill a lot. 01:20:14
Jeremy Ward. Oh, OK. 01:20:16
I was like, look, I just made them and. 01:20:20
You know, during this, my daughter text me, she goes, yeah. 01:20:25
This was the next semester test. 01:20:29
She goes, yeah, you know, I did that. 01:20:31
Class right? Like yeah. 01:20:33
We deal with that. 01:20:35
You know, I don't. It's just a conversation. All because. 01:20:37
One of my partners, Scott Hannah, deals with all types of women. More Realtors like. 01:20:41
He was a 6th grader. He's an orchestra at the time. And so they were like. 01:20:47
We have to pick Kroger's client for early. 01:21:01
Yeah, it's no big deal. 01:21:07
Wool collagen is outside. Yeah, no, we're not. I was like I don't get a friend. Six week stack of worksheets and he's not going to 01:21:11
come out of this room between. 01:21:16
That's what's awful. 01:21:22
Boys are already totally worse and they just kind of breaks this stuff. They had a roast treasure. My daughter is doing better 01:21:24
than. 01:21:27
So also pushed out. I got lucky. 01:21:31
For the most part. 01:21:39
As fast as we. 01:21:53
I'm good, thank you. 01:22:00
I'm normally buying a second. 01:22:03
Yes, yes. 01:22:06
Throughout the week. 01:22:07
I was playing, you know, it would matter. 01:22:09
Something to mess around. 01:22:10
And then I sold it, so I didn't realize I wasn't doing anything, you know? 01:22:13
And I'm like last week or two weeks ago, it went through. 01:22:17
And I was like, what's going on? What is going on? 01:22:23
You're gonna knock after the first attendance. You should have figured that out about the second or third day. 01:22:29
7-8 like I don't like. 01:22:34
Where's the survival? Yeah. 01:22:40
But it's gym class, right? So he's like. 01:22:43
I don't know. 01:22:48
For some reason I don't know. 01:22:53
Those we get excited about. It was just a disaster. And then you have like all the kids, like we had six kids in the house 01:22:56
sometimes like I've got an office space, I have like a Wi-Fi to like fast speeds you could get. It was a it was a disaster. 01:23:04
You're just gonna look at him. 01:23:13
It gets extremely crazy and creating stuff. 01:23:26
They'll pay more than what I was asking for because. 01:23:29
Yeah, yeah, they want their idea to go through. 01:23:32
Want somebody else? Yeah, it's just. 01:23:36
Like that, they look terrible. 01:23:43
20 years ago, now they're good Donuts. 01:23:46
People pay more. 01:23:51
You ever had a venue price? 01:23:52
I could have bought that. 01:23:55
You know, down the street and save 10% downtown. 01:23:58
Close to the school. 01:24:01
Area. 01:24:07
The auctioneer gets paid for anybody. It's a it's a very good. 01:24:10
That'll love it, yeah. 01:24:16
It's still Danny's folder to begin with. 01:24:19
Oh, did you? I think I had one that didn't have a name that says Stregal. 01:24:21
Yeah, I don't know. I think, I think I grabbed Andy's gonna sit there. 01:24:28
I'll see if my. 01:24:33
Yeah, do you need one? 01:24:37
I shouldn't be doing it but my wifes not here so. 01:24:47
All right. I don't know if we can. 01:24:53
Teresa's probably happened. 01:24:56
Nick, I don't know if you can run. 01:24:57
So we can start. 01:25:01
Additional Meeting. 01:25:02
Oh, it is. 01:25:07
I know. 01:25:08
I didn't know if you stopped it. 01:25:11
He wishes you did because now you've eaten the donut and. 01:25:18
I know, right? 01:25:21
So I'll record. 01:25:22
Chance. 01:25:25
They might be rude, I don't want to. 01:25:31
You should have a second one to make sure you should take some home. 01:25:33
There's a bag there too, you can put them in. 01:25:41
That's what I'm thinking. 01:25:45
Take him to your office. 01:25:47
Yeah, I did that yesterday. I love you. 01:25:48
Are we ready? 01:25:57
Nick, is it good? 01:25:58
All right. 01:26:01
Don, you're ready. We're going to call the meeting to order. 01:26:04
Redevelopment Commission regular meeting of February the 18th. 01:26:08
And Teresa's walking in so. 01:26:12
Sorry. 01:26:15
Went ahead and called the meeting to order. 01:26:17
Whenever you're ready, we'll do a. 01:26:19
Roll call. 01:26:21
Well. 01:26:25
I think this is going to be OK. 01:26:26
Quick. 01:26:28
Thank you. Yes, ma'am. Thank you so much. Thank you. 01:26:29
You need the water. 01:26:32
Yeah, whenever you're ready. 01:26:40
Here. 01:26:48
Here. 01:26:50
Here here press Stringle melting north. 01:26:51
Here, All right, let the record show we have a quorum and Brad is absent. 01:26:58
I don't think he was going to join. 01:27:03
Remotely. He didn't mention that so. 01:27:05
Yeah, OK. First item on the agenda is approval, the minutes. 01:27:09
I don't remember a plane. 01:27:14
Do we have a? 01:27:17
There's no claim, right? 01:27:21
There is. 01:27:22
OK. 01:27:26
Yeah. 01:27:31
First, we'd like to entertain a motion to approve the minutes. 01:27:33
Motion by Al is there a second? 01:27:37
Any discussion? 01:27:40
All the paper say aye. 01:27:42
Motion carries. 01:27:45
Yeah, I've got it, Theresa. Sorry I overlooked. 01:27:46
The next item is the approval of. We have one claim. 01:27:49
From our attorney fees from Young Lynn. Interesting Craft. 01:27:53
The amount of $1462.50. Entertain a motion to approve. Motion to approve motion by house or second. 01:27:56
Danny, sorry. 01:28:06
Any discussion? 01:28:08
All in favor say aye. 01:28:09
Motion carries. All right, Don. 01:28:12
Financial Report. 01:28:13
You're. You should have just. 01:28:16
Give you. 01:28:18
Just for your information, where we stand as of. 01:28:21
The different operating reports and project reports. 01:28:27
We have 75,000. 01:28:31
Dollar balance. 01:28:33
And economic development through edit that we've received. 01:28:35
There's 16,820 three 59 in that legacy fund from. 01:28:40
With the redevelopment through the City of New Albany which is 4933. Revolving loan is 264,676. 01:28:45
And a little bit of change, 44,452 in Highland. 01:28:52
Point Gateway. 01:28:55
Jeff, that's one of the items that did have a. 01:28:57
Conversation with the property. 01:28:59
Think it's properly man, I don't. 01:29:03
Property that deals with property and Tiff's in the auditor's office and. 01:29:04
Plan on sitting down with both the auditor and himself. 01:29:10
To just. 01:29:14
Again, kind of. 01:29:15
2251 start process of pruning then some of the districts and two just make making sure of that. 01:29:17
What we've had in the past. 01:29:23
Where we weren't getting our. 01:29:25
For allocation that that's where it should be, which would be in the past so. 01:29:28
With 50,000 that's been set aside, Commissioner Silo. 01:29:34
Our projects will give you we have 1.1 million in tip and the red wire TIF. 01:29:38
We have a debt service for them at 360,000 and. 01:29:46
470 Edwardsville School. 01:29:49
We have 180,462 left in the build operate. 01:29:52
Transfer project. 01:29:55
84500 and that debt service? 01:29:57
And then various bond. 01:30:01
Building. 01:30:04
We have 322,000 set aside for Nova Parking. 01:30:05
Building 5 on that as well. So on that line item or the fund, the Redevelopment Commission Fund 4933, there's no. 01:30:09
There's no restrictions on that 16/8, right? We could use that for just whatever is eligible through redevelopment. Yeah, that's 01:30:17
a. 01:30:21
Yeah, that's kind of what I booked. 01:30:26
Just to clean it up. 01:30:28
Possibly, but it does give you some flexibility. I mean in terms of having some. 01:30:33
That means we could use it for example. 01:30:40
Use it for not to pick that they're sitting here. We could use it for Wheatley Group. We could use it. We could use it for 01:30:42
professional services. We could use it, yeah. And that's what we set aside a small amount for professional services. That's the 01:30:49
money that we also with the with the lease that we get from the farm that goes in there and it goes back. 01:30:55
More importantly, that can be used for non professional services and other things. The TIF funds can be used for very limited 01:31:01
things but professional services. 01:31:05
Is included in that, yeah. So yeah, you could put professional services anywhere, 16 if you have something else you want to pay 01:31:09
that doesn't fit a TIF fund. 01:31:13
Got that there. I assume the Commissioner silo is equally. 01:31:18
It's It's similar to edit. We just. 01:31:22
No, that makes sense. 01:31:27
Yeah, but if you want to pay for something that's. 01:31:28
You know, again, not TIF eligible. 01:31:30
You probably want to keep at least OK. 01:31:33
All right, OK. 01:31:36
There's no action we need on this, right? No, that's just for your, your own information. I will just give you we have submitted. 01:31:37
We have actually got. 01:31:44
$380,000. 01:31:47
Back from ready that gets put back in for. 01:31:49
Nova Park. 01:31:52
And then we. 01:31:54
I have an item to have our resign at in the meeting as a Commissioner President. 01:31:56
That was approved. 01:32:02
And we submit that back to Ernst and Young through IDC, and then we'll get the remaining 800 and. 01:32:04
51,000 So that should close us out of ready 1 so. 01:32:09
And then we'll start making our draw. Excuse me? Start making our draws. 01:32:13
On that, on the bond proceeds that we put into the market. 01:32:17
Next month as well. 01:32:24
Is that correct? 01:32:25
OK. Next item is public comment and I don't think there's anyone here for that item. 01:32:27
I know you guys are on the agenda for something else so. 01:32:35
All right. You're still up, down, new business. 01:32:38
I think I've given you the make my move update from from the workshop. 01:32:42
We've got three more to get to finalize our contract. 01:32:46
And you said how long? That's three more months and. 01:32:50
Tolerant contract May 30th. 01:32:53
May 30th, yeah. 01:32:55
The current contract expires May 30th. 01:32:56
Current contract expires, we've already got our second tranche of the grant, so. 01:32:59
We got him in two tramp tranches, the 57,000. 01:33:04
Has already been, I think reappropriated last month back into the grant line item. 01:33:08
OK. 01:33:15
So that's all I have lost on my house. 01:33:16
Similar questions about make the move. 01:33:20
No, no. 01:33:23
Next item is the Eversville school the. 01:33:27
Architectural Engineering services contract with Michelle Allen Ritz Don and I've met. 01:33:30
If you recall at your last meeting, this was. 01:33:35
This was on our agenda, but we tabled it. 01:33:38
To allow us to meet with Michelle Allen Ritz to just go over. 01:33:40
The pieces of their of their contract. 01:33:44
I was fine with everything. After we went through it, I didn't have any. 01:33:49
Concerns. 01:33:51
This is for the school piece, Edwardsville School. 01:33:52
Property, uh. 01:33:56
And they will prepare design documents for the. 01:33:57
Rehabilitation of that building. 01:34:01
So in front of us is there. 01:34:04
Their contract. 01:34:06
In the amount. 01:34:08
203,000. 01:34:10
For their pay and a services. 01:34:13
To be performed for the school property itself. 01:34:16
Actually, for the school building, it's not the rest of the property, it's just a school building. 01:34:19
So I would entertain a motion. 01:34:25
To allow. 01:34:27
Meet the side. 01:34:29
They got you listed on. 01:34:30
To sign on this but I think. 01:34:34
Really, it ought to be. 01:34:36
I ought to be the one that's probably not for you, so. 01:34:38
Yeah, we would scratch that to allow me to sign. 01:34:41
Not sure why they did that. 01:34:44
We actually had the conversation with. 01:34:47
Allow me to sign this agreement with Michelle Allen Ritz. 01:34:50
For the Edwards full school building. 01:34:54
So moved. 01:34:57
Motion by Rich is there a second? 01:34:59
Second, any discussion? 01:35:02
Second by Al Sorry, Theresa. 01:35:04
Seeing no discussion, all those in favor say aye aye. 01:35:08
Be opposed. 01:35:11
Motion carries. 01:35:13
And Tracy, do you have the original? 01:35:16
Do you have the original? 01:35:18
I've got I printed one out. You do OK. 01:35:20
OK. All right. Next item on our agenda. 01:35:22
Is another. 01:35:25
Professional services contract This is on the. 01:35:28
Potential project at Tunnel Hill. 01:35:30
This is for economic development consulting services with the Wheatley Group. 01:35:33
As you heard during our work session. 01:35:37
This would allow. 01:35:40
Completely to work with us to help look at what are the funding options. 01:35:43
Available for. 01:35:47
Potential support of infrastructure improvements. 01:35:49
For the Tunnel Hill development and this also would give us the ability to utilize their services in other ways if we so choose. 01:35:54
It's an hourly contract. 01:36:01
With an upset. 01:36:03
Limit. Yeah, with an upset limit. 01:36:04
Of $30,000 so. 01:36:07
Use it as much as we. 01:36:09
Choose or not. 01:36:11
Justin's review, I should have said that last time. Justin's reviewed both contracts. He's reviewed this one as well. 01:36:14
Made one minor added to it that they've already changed and sent back. 01:36:20
And with that, I would entertain a motion to. 01:36:25
Approve the weekly. 01:36:28
Motion by Danny, is there a second? 01:36:32
2nd. 01:36:35
Second by Rich, any further discussion? 01:36:35
On this. 01:36:39
I just say Wheatley's done a fantastic job helping. 01:36:41
County. 01:36:44
And others I think. 01:36:45
Their their help. 01:36:47
Their guidance will be. 01:36:51
All right, no other discussion. All those in favor say aye, aye. 01:36:54
Any opposed? 01:36:58
Motion carries. 01:37:00
You've got that as well. 01:37:01
The original OK. 01:37:03
All right, we've got. 01:37:05
That was it. 01:37:10
We covered a lot in the work session. That's what it was. 01:37:12
I know you had asked us to. 01:37:15
Think about like direction moving forward and. 01:37:17
And so I think we'll do that, come back and. 01:37:20
We do want you to look at. 01:37:22
The TIF areas and. 01:37:24
And what kind of parameters we want to put around that Come back to us with that you and Nick both, I mean. 01:37:26
Talk to both of you so. 01:37:33
But I don't have anything further. 01:37:36
Do you guys have any? 01:37:39
Anything else? 01:37:40
All right, there's nothing else to entertain. A motion to adjourn. 01:37:41
So motion by Rich, second by Danny. All in favor say aye aye. 01:37:44
All right. Thanks for hanging in there, guys. 01:37:49
With work session I know it was a lot. That's good. 01:37:54
We have minutes to sign. Don't don't leave yet. 01:37:57
Yeah. 01:38:00
Get those signed on. 01:38:03
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