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From YouTube: Bloomington Redevelopment Commission, December 7, 2020
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A
D
Doris
sam's
hand
director
christina
thinly
hand,
department.
A
Okay,
all
right,
let's
see
any
other
present,
no
we're
fine.
Let's
start
with.
G
H
David
walter,
yes,
none
opposed.
The
motion
carries.
A
A
None
opposed
motion
does
carry,
let's
have
a
report
of
officers
and
committees.
Is
there.
D
Any
questions,
thank
you,
okay.
Is
there
a
legal
report
just
note
that,
prior
to
this
meeting
at
4.
G
Property
transactions,
otherwise,
I'm
happy
to
answer
any
questions.
Commissioners
may
have.
A
I'm
saying
thank
you
for
your
time.
Let's,
let's
see,
we've
got
some
old
business,
slash.
A
New
business
resolution
20-84
approval
of
the
funding
agreement
for
the
life
designs.
A
A
And
this
is
this
is
in
regards
to
the
water
tanks
right,
the
water
heaters
water
heaters,
yep.
D
D
To
address
a
couple,
questions
that
came
out
of
last
the
last
meeting
and
that
was
sent.
H
This
is
david
walter.
I
read
through
that
and
it
all
looked.
A
Yeah,
I
don't
have
any
questions
either
any
any
other
commissioners
have
any
questions
in.
A
Regards
to
resolution
20-84
and
if
not,
I'm
gonna
go
ahead
and
oh
go
ahead.
Nick,
I'm
sorry.
I
No,
no,
I
thought
it
looked
good
too.
Okay,
we
should
go
ahead.
A
Okay,
do
we
have
a
motion?
This
is
david
walter
I'd
like
to
make
a.
A
H
A
Rogers
we've
got
several
folks
that
are
going
to
speak
in
regards
to
this.
If
I'm
not
mistaken,.
A
K
K
K
Friedman,
two
partners:
there
are
involved
in
the
proposal
and
I've
been
working
on
the.
K
And
for
the
short
term,
and
maybe
even
for
a
longer
term,
for
those
services
that
those
being.
K
K
Ask
any
questions
about
the
proposal
with
ron
and
deep
or
lance
who
are
here
representing
sb.
K
Friedman
jeffrey
yes,
thank
you
again
would
like
to
reiterate
for
the
first,
these
first.
E
Three
items
we
are
presenting
only
tonight
to
the
commission
we're
not
asking
for
approval.
E
Questions
during
the
meeting
and
then
if
you
have
any
follow-up
questions
as
mick
said
lance
and.
E
Is
this
financial
analysis
and
strategy
and
sb
friedman
sent
us
a
proposal?
We
reviewed
that.
E
And
we
felt
like
some
of
the
items
would
be
provided
by
our
current
financial
advisor
reedy.
E
That,
in
regards
to
the
tiff
areas,
so
that
this
proposal
has
sb
freeman
providing
those.
E
Services
that
we
will
not
be
getting
from
our
financial
advisors,
however,
they
will
work.
E
E
E
Some
of
the
investment
that
we're
going
to
be
making
and
have
made
in.
E
This
area,
so
with
that
I
will
be
happy.
The
amount
of
the
contract
would
be
38
760.
E
In
fees
and
then
an
allowance
of
650
dollars
for
reimbursable
expenses.
C
Privacy
issues
the
the
kind
of
the
kernel
of
the
separation
or
the
disagreement.
C
With
the
the
previous
contractor,
that
leads
us
to
consider
this
item
tonight.
K
K
K
J
J
J
J
Include
this
financial
analysis
that
combat
tonight,
but
also
reaching
out
to
other
developers.
J
So
so
we
feel
like
this
ended
up
in
a
place
that
was
probably
the
right
place.
Okay,
moving.
L
Sure
lance
go
ahead.
We
were
just
figuring
out
who,
who
among
us
is
responding,
but.
M
M
How
exactly
can
we
move
forward,
so
there
are
a
few
different
aspects
of
the
analysis.
The
first.
M
M
M
M
For
that
parcel,
given
the
economics
of
the
deal
varies,
so
the
residual
land
analysis
will
tell
us.
M
M
M
M
L
How
land
value
can
vary,
obviously,
sites
where
the
density
is
higher
and
you
have.
L
L
L
Key
elements,
because
your
two
sources
of
funds,
as
lance
mentioned,
is
revenue
from
land
sales
and.
L
B
So
can
someone
speak
to
the
the
timeline
of
when
we
would
start
this
engagement
and.
M
Sure
so
the
the
60-day
timeline
is
really
for
that
core
scope
of
services.
So
to
get
us
to
the.
M
M
M
K
K
K
A
Okay,
any
other
questions
from
any
redevelopment.
Commissioners.
G
A
Any
more
questions
from
commissioners
and
if
not
do
we
have
a
motion.
E
Good
evening
at
jeff,
underwood
I'll
present
this
one
as
well.
As
you
know,
kelly
boatman.
E
Has
been
giving
us
excellent
project
management
services
on
the
hospital
project.
E
E
Without
our
permission
and
move
back
to
michigan
again
we're
questioning
her
her
thought
process.
E
There
so
we
think
it
must
be
a
bump
on
the
head
anyway,
kelly
will
be
leaving
us
at
the
end.
E
Of
the
month,
so
we
have
a
void
to
fill
so
in
order
to
make
it
easy
for
mick,
and
I
and
larry.
E
And
alex
we're
going
from
core
management
to
core
project
or
core
planning
strategy,
so.
E
We
keep
the
same
name.
No,
the
real
reason
is
you're
very
aware
of
core
and
the
work
they've.
E
Done
for
us
on
the
garages,
deb
koontz
and
josh
chisholm
who's
with
us
on
the
call
tonight.
E
They've
done
an
excellent
job,
they
were
a
part
of
the
som
team
as
well.
So
josh
is.
E
E
Provide
us
these
management
services,
beginning
with
it,
they
would
get
with
kelly.
Yet
this.
E
Month
to
transition,
and
then
the
contract
would
carry
us
through
the
end
of
next
year.
E
The
amount
of
the
contract
is
112.
Forty
two
dollars,
plus
a
five
thousand
dollar
allowance
for.
E
Would
ask
for
your
approval
of
the
resolution
and
then
in
two
weeks,
the
contract
for
core.
A
Any
any
questions
for
josh
folks.
E
E
Would
play
as
the
site
develops
so
there
may
be
additional
activities
we'd
like
them
to
take
on.
A
20-90:
okay,
any
more
questions
from
commissioners
in
regards
to
this.
A
Resolution
this
is
david,
walter
I'll
make
a
motion.
We
accept
resolution
20-90.
A
E
Member
of
the
team
we've
considered
her
to
be
a
part
of
the
city
team
from
the
beginning.
E
A
Okay,
all
right!
Well,
thank
you.
Let's,
let's
go
to
the
next
item
of
business.
It's
resolution
20-91.
A
A
Site
so
so
I'm
going
to
lead
off
and
we're
not
going
to
let
kelly
leave
us
yet
she's
going.
K
K
N
Yep,
thank
you.
Mick,
I'm
going
to
run
through
some
slides
here
and,
as
mick
said
I'll
have.
N
Along
the
way,
this
initial
part
here
is
just
bringing
you
up
to
speed
on
all
of
the
information.
N
N
So
hopefully
you
all
know
the
core
building.
It
is
the
1947
portion
of
the
hospital
that
was.
N
That's
there
at
the
corner
of
first
and
rogers.
It
has
four
stories.
N
N
N
Facility
information
that
has
been
gathered
to
date
includes
back
in
2015
the
hospital
reuse.
N
Their
own
evaluation
and
then
we
had
the
urban
land
institute,
study
the
uli
study.
N
In
2018.,
also
in
2018
august
mack
did
an
environmental
assessment
that
looked
at.
N
N
N
And
roof
and
so
forth
there
was
a
historical
assessment
done
by
ratio.
Architects
in
2019.
N
So
if
the
core
building
is
repurposed,
it
will,
of
course,
when
the
hospital
is
demolished.
N
The
the
main
building
is
demolished
and
the
core
building
remains
there's
some
immediate.
J
Hi,
everyone
alex
crowley
economic,
sustainable
development
with
the
city
I'll
talk
about
both.
J
A
commercial
and
a
residential
evaluation
that
was
done,
starting
with
a
commercial
one,
so.
J
Here
the
the
yield
from
that
analysis,
but
I
underscore
the
fact
that
this
was
pre-pandemic.
J
Because
for
those
of
you
who
are
tracking
the
commercial
marketplace
right
now,
it
has
basically.
J
J
Interesting
is
some
work
that
we've
done
with
this
property
kelly.
If
you
can
skip
to
the
next.
J
Page
where
we
went
out
and
we
asked
three
affordable
housing
developers
that
have
some.
J
Out
of,
I
believe,
they're
indianapolis
as
well
all
three
have
a
projects
that
they're.
J
And
they
took
a
look
at
this
at
arm's
length.
Mind
you
at
first
to
to
understand
what
the.
J
Much
closer
view
of
the
building
and
understood
that
their
arms
length
analysis
was
actually.
J
Housing,
tax
credits.
So
that's
interesting
to
note
and
and
then
you
know,
having
said
that,
there.
J
Are
certainly
going
to
be
some
costs,
as
you
know,
it's
an
old
building
and
it
has
potential.
J
J
Value
in
in
looking
at
the
building,
as
as
as
something
that
could
be
reused,.
N
I'm
going
to
go
ahead
and
just
show
a
few
slides
here
from
the
draft
final
master
plan
framework.
N
N
K
N
N
Illustrative
with
the
landscaping
added
in
showing
again
north
is
towards
the
lower.
N
N
K
So
the
this
conclusion
of
our
recommendation
is
on
this
slide,
which
basically
indicates
to
you.
K
K
K
K
K
K
K
K
K
K
K
K
K
K
K
O
Four
parcels
that
were
owned
by
iu
health
and
they
house
the
new
hope,
shelter
operations.
O
They
are
part
of
the
overall
transaction
under
the
agreement
with
iu
health
for
purchase,
so.
O
O
O
Which
limits
how
quickly
they
can
move
even
into
alternate
space,
while
they're
waiting.
O
For
their
new
building
because
they're
they
are
licensed
by
the
state
daycare
centers.
O
O
O
And
we
will
see
what
what
they
think
of
that
they've
already
been
discussed.
The
terms
the.
O
Possible
terms,
so
we
don't
want
to.
We
certainly
we've
committed
to
not
you
know,
evicting
them.
O
A
Any
questions
for
any
for
any
of
this
resolution.
K
See
coming
next
yeah
yeah
any
questions,
commissioners
on
resolution
20-91
and
you
can.
C
Yeah
don
yeah,
I
guess
we
want
to
stay
focused
on
the
core
building
question,
but.
C
Having
given
us
all
this
other
information,
I'm
just
curious
will
the
financial
analysis
and.
C
C
The
potential,
pluses
and
minuses
of
those
kinds
of
investments
is
that
part
of
the
contractual.
K
24
acres
that
the
city
will
be
acquiring
thanks
in
terms
of
the
other.
The
meat
of
the
motion.
K
K
P
Decent
amount
of
expressed
interest,
certainly
in
conducting
adequate
due
diligence
for.
P
Change
it
into
an
alternate
use,
whether
it
be
commercial
residential,
but
I
think
just
the.
P
Prevailing
sentiment
was,
it
was
appreciated
in
the
context
of
its
historical
importance
and.
P
And
it
also
has
some
green
space
in
front
of
it.
So
as
a
as
an
anchor
point
to
the
the
master
plan.
P
Q
Site
reuse
committee
meetings
I
to
thank
the
city
and
staff
for
being
so
diligent
to
explore.
Q
The
options
for
reuse
for
the
core
building
to
look
at
you
know
the
possibilities.
Q
Of
micro
unit,
rentals
and
and
that
sort
of
development
with
these
outside
developers.
Q
Q
Q
Architecture
with
the
hunter
school
on
sort
of
the
northwest
corner
of
this
site
and
the.
A
A
R
And
all
the
information
I
said
on
the
advisory
committee
and
we
took
a
tour
of
the
core
building.
R
R
And
I
was
wondering
if
anyone
could
speak
to
that
as
well
as
any
costs
that
would
that.
H
This
is
david
walter.
During
our
discussions,
I
was
on
the
city
website
and
there's
a
study.
H
And
it's
very
good
study,
which
I
expect
from
this
company.
They
do
outline
costs
of.
H
What
happens
when
we
tear
off
the
existing
building
there?
I
think
they're
estimating
about.
H
A
half
million
dollars
that
needs
to
be
put
into
taking
care
of
the
exterior
facade
when
it's.
H
Years
old,
there's
quite
a
bit
in
this
study,
so
that's
where
I
would
refer
to.
H
To
find
the
original
structural
drawings
of
this
building,
they
did
observe
steel
framing.
A
Thank
you.
Thank
you
all
right,
we're
not
going
to
be
voting
on
this.
A
But
if
you
have
any
more
questions,
developers
are
not
developers.
I'm
sorry.
G
This
is
actually
a
resolution,
because
is
it
to
approve
our
formal
written
recognition,
yeah.
A
Let's,
let's
hear
a
resolution,
I
move
approval
of
resolution
20-91.
H
B
A
Thank
you
we'll
look
forward
to
seeing
you
in
two
weeks
with
some
a
bit
more
information,
then.
K
G
Selling
property.
In
this
case,
we
have
developed
a
potential
commercial
and
office
space
inside.
G
G
G
G
G
Administrative
account
of
1
000,
that's
just!
I
don't
expect
that
we're
gonna
spend
that
much,
but.
A
Commissioners,
do
we
have
any
questions
in
regards
to
this?
My
question
is
a
little.
I
Is
that
just
not
true
anymore?
I
don't
that's
not
true
that
the
only
parts
that
are
partially.
G
G
But
there
there
are
no
tenants
that
are
done
deals
that
was
incorrect.
I
know.
A
I'm
going
to
open
it
up
to
the
public.
Does
the
public
have
any
questions
in
regards.
G
That
is
part
of
the
space
that
we
have
dedicated
for
their
purposes
and
one
of
the.
G
Reasons
why
we
did
that
as
opposed
to
treating
it
like
a
wholly
separate
entity
is
because
this.
G
G
Limited
or
restricted
fund
that
didn't
really
make
any
sense
for
us
so
that
we've
dedicated
that.
G
G
G
Think
that
that's
what's
parking
is
is
occupying
in
that
office
space,
but
they
would
not
have
to.
H
A
A
Who
wants
to
speak
in
regards
to
this
resolution?.
J
Forwarded
several
weeks
ago,
we
have
a
due
diligence
period
during
which
we
are
running
an.
J
J
Of
the
environmentals,
and
we
are
accepting
that
recommendation
would
like
to
pursue.
J
Can
keep
moving
on
this
with
the
anticipation
that
we
have
results
by
january's
meetings.
A
A
A
G
Purchased
the
college
square
building
in
this
case
it's
just
changing
the
formal
name.
G
Of
grant
properties,
they
were
dba
as
grant
properties,
but
they
have
about
a
year
ago.
I.
G
A
Okay,
any
questions
in
regards
to
resolution
20-94
from
the
redevelopment
commissioners.
C
C
sandwich
recommending
approval
of
2094.
G
Oh,
it
said
it's
appropriate,
it's
appropriate
now.
Okay,
all
right
fantastic
meeting
is
adjourned.