14 June 2019 Dearborn County Redevelopment Meeting Notes
PRESENT: Jim Deaton, Chairman, Dave Deddens, Jim Helms, Diane Bender, Alan Goodman
ABSENT: and Jamie Graf (non- voting school board member)
Also present:Sue Hayden, county administrator and minute taker, Andrea Ewan, attorney
ABSENT: Connie Fromhold, Auditor and DCRC treasurer.
Title VI statement read as legally required by Deaton.
PUBLIC HEARING- RFPs were due by 8 AM today for opening. At the previous meeting they signed an agreement for an offer to sell 19.5 acres in the West Harrison TIF and have had 2 appraisals done and advertised the properties for sale. Now they are opening the bids received for that property. Only one bid was received. Crossdock Development proposed to pay $31,671/acre for the land and to build a spec building. Close on property 30 days after using 90 days to do due diligence on the property 320,000 sq ft building subject to approval by DCRC.
Discussion- The price per acre was the average of the 2 appraisals and was in the advertisement as the minimum bid. Cushman Wakefield gets a share of this $18,527.54
Advantage of this deal is we don’t take any risk per Deaton. This price is lower than what we paid for the land. The private entity paid for it before and then DCRC bought from the entity and then they went away. (Was this from the predecessor of ONE Dearborn?)
You won’t have to use the land as an incentive - as in giving it away. This way we get paid for it. The board won’t consider incentives until they know what is coming in. Working with the tenant then and not the developer.
Randall said you don’t see this in most rural areas - it’s more like what you do in city areas.
Goodman- If this is successful the same developer may work with us again.
Deddens- Early fall get 90 days over. Closed in fall and build in Spring 2020.
Randall wants to schedule June 24 to have the economic development and purchase agreement at that time from Tom Pittman from Nares and Thornburg. They want to have the developer be able to access land before they sign all this.
DCRC board unanimously approved and accepted the Crossdock Development (from Louisville, KY) proposal $601,749 plus the $18,527.54 amount for Cushman Wakefield.
DCRC authorized ONE Dearborn to create all the documents for this. Survey costs are on DCRC as are the costs of getting the documents done.
Next meeting is June 24 for this.
APPROVAL OF MINUTES- May 23, 2019 minutes approved.
CLAIMS AND FINANCIALS- Claims for ad and Barnes and Thornburg for work on Project Self- approved.
Financials in packet. $975,765- current total but note that number is fluid as it pays out expenses. Bender asked that a total be stated for TIF each time.
UNFINISHED BUSINESS- none
NEW BUSINESS
Resolution 2019- DCRC-002 Determination to Capture Tax Increment Revenues and the Letter to the Taxing Units- This is the letter and resolution that goes out each year. This may change when they reach the $1.5 million and they begin to consider the schools. This letter is the same as last year - APPROVED and signed.
2020 Budget- exactly the same as last year. Still need to send in a budget for Council. Most of the payments are coming out of TIF. Professional expert fees were questioned by auditor. One Dearborn fees come out of TIF. Due on June 28 so they agreed to approve it now. Approved.
ONE DEARBORN REPORT- Randall- said RFQ for environmental assessment (asbestos) on house to demolish. Terracon $3,500 and ATC -$1,555. Duke Site readiness funds will be used from One Dearborn for that.Then they will get prepared for demo RFQ to get on the demolishment.
Lonnie Steele did the mowing. Tom Stone wants the DCRC to take over mowing the property that DCRC now own. They contacted 6-7 mowers in that area and in Harrison. None interested and Lonnie Steele may be contacted to mow.
ATTORNEY’S REPORT- none
OTHER BUSINESS-still looking for landscaping on the Aurora Business Park Sign area.
ADJOURNMENT- 8:56 AM
Christine Brauer Mueller
Lawrenceburg Township
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