City of Bloomington, Indiana Redevelopment Commission, 3 Aug 2020

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From YouTube: Bloomington Redevelopment Commission, August 3, 2020

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meeting packet: https://bloomington.in.gov/onboard/meetingFiles/download?meetingFile_id=7406

A

All right well, we'll start off with roll call.

A

uh Commissioners. This is david, walter.

B

Cindy canarney, derek stanweis.

A

Okay um excitement business is well, let's see, he always asks for.

A

Staff present uh christina findlay hand, department.

C

Larry island legal department, felipe guthrie legal department.

D

Alex crowley department of economic, sustainable development.

E

Kaiser goodman department of economic and sustainable development.

A

Okay, so uh next time is reading the minutes from july.

A

20Th 2020 copies of the minutes were in our package. Are there any.

A

Corrections or additions, if not, then I need a motion except the minutes.

F

So I make a motion- oh I can do. Second, this is cindy canary.

B

Second, okay, it's been moved by eric san weiss and second by.

A

Cindy cunary that we accept the meeting minutes from july.

A

20Th 2020, uh all in favor by roll call.

A

Say your name and say: yay or nay, cindy canarny, yes, stand wise! Yes,.

F

David walter, yes, next item in business, is examination and claims for july.

A

24 2020 2 million 218 630 dollars and 56 cents.

A

If there are no questions about the claims, I need a motion.

A

To accept the claims- and I see that don has joined us so as.

A

Soon, as we get through this item, we'll turn back over to don.

B

I move approval to accept the claims as presented.

B

Sorry cindy this is sandvoice. I second the motion. Okay, it was.

A

A motion made by cindy canary and second by eric sandwice, to accept the claims.

A

All in favor say: aye state your name by roll claw.

G

Don graham.

G

Don griffin, yes,.

A

David walter, yes.

A

Okay, we'll turn it over to don you've got uh payroll registers next on the.

A

List: okay, examination. Thank you. So much.

G

Examination of payroll registers is there a motion to approve the payroll.

G

Registers for july the 17th 2020.- this is david walter I'd like to make a.

A

Motion to accept the payroll.

A

Registers cindy can arnie um second.

G

What do we have guys call for a little call.

C

Oh is that all we've got okay, okay, uh oh second,.

G

Yes, uh all in favor uh I don griffin, cindy canary yes.

F

Eric stan ycs david walter. Yes, uh no opposed. The motion carries.

G

Report of officers and committees is there a director's report.

F

uh Not today, okay, is there a legal report. I don't have a legal report, but.

C

I'm happy to answer any questions. Okay, is there a treasurer's report.

A

Hey miss larry, no report, happy answer questions.

G

Is there a ctp update report, there is not. We will use a period later.

D

In the agenda to talk about project of significance, okay uh does.

G

Anyone have any questions in regards to any of the reports from officers and.

G

Committees, no all right. Thank you for your reports.

G

Folks, uh let's go into new business. The next.

G

Item of business is resolution 20-43. This is the second addendum to.

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Convention center parking agreement, so you all may recall that we had an.

C

Addendum to the convention center parking agreement to offset.

C

uh Some of the costs, because fourth street replacement parkers.

C

Were parking outside of the garage and lots and we are using up some of that.

C

Convention center uh parking spaces uh that original.

C

Addendum ended at the end of last year. We thought it would be prudent to extend it through 2020 uh and possibly beyond, for the.

C

Construction of the four-street garage, since it's going to last, at least until.

C

um The end of summer in 2021, so that's what this second addendum does.

C

There is one extra wrinkle that makes it different from the first.

C

Addendum, which is since covet hit, there have been no.

C

Conventions happening at the convention center and so.

C

Upon request by the county, we agreed to basically cut the payment for 2020.

C

In half what they would normally owe and waive.

C

The final two quarterly payments, so the total for 2020.

C

Would be a lease payment of 3 696 and then in 2021 there's only going to.

C

Be three quarters of payments because the lease agreement itself ends.

C

In september of 2021, and that total would be 5.

C

G

Okay, is there any questions from the public in regards to resolution 20-43.

G

None uh commissioners.

G

Okay, can we have a motion? uh This is david walter I'd like to make.

A

A motion except resolution 20-43 eric sandwich. I second, the motion.

G

um Don griffin, uh let's see all those in favor.

G

Aye don griffin say yes, andy canary, yes, sandwich hi david walter. Yes,.

G

uh All opposed none. The motion carries the next item of business is resolution.

G

20-44 approval of property tax payment for parking lot parcel parcels at.

G

216 south college avenue, who wants to speak in regards to this.

C

I'm happy to unless philippa would like to jump in it's kind of up to her.

C

Okay, um this is for the the parking lot. The parcels that take up about half to.

C

Two-Thirds of the parking lot at college square as part of the lease agreement of those two parcels.

C

uh That we assumed, when we purchased college square.

C

The owner of the property pays the property taxes.

C

We have not received invoices from the property owner or the property.

C

Owners of those two parcels that we're leasing.

C

And we are responsible for paying the property tax, uh so they have since sent.

C

Those to us these are for the the final half of 2019 and all.

C

Of 2020 uh property taxes to bring this up to.

C

um Up to current for all the property taxes owed, the total amount.

C

For all property taxes, 11 853 dollars and seven cents.

C

So this is just part of the terms of the lease agreement.

C

That we assumed, whenever we took over college square.

A

So I have a question: it appears that the property taxes.

A

Are delinquent and of course, the county has assessed.

A

A percentage on that for new england payment uh is that still our.

A

Responsibility because they failed to notify us in time or someone didn't.

A

Follow up with getting the taxes paid on time is that.

A

In the lease agreement yeah, unfortunately, the lease agreement is.

C

Silent about any penalties- and it doesn't require them to send us.

C

An invoice that's more of our internal procedures,.

C

For how we would route payment through, uh so I think for this.

C

This point, obviously, that we've we're aware of it now.

C

uh We're going to do anything we can to correct.

C

Even if we don't receive an invoice in the future to make sure that we're paying these property taxes on time, um but we would be responsible still for.

C

Those, I think it's three hundred dollars uh for a penalty fee for the end of.

C

G

Okay and I'm happy to get you the exact amount, I can pull it up.

A

uh It's there in the invoices, it shows up. That's why I questioned that.

A

So that's all it takes well don up to you.

G

Yeah, the public, does anyone have any questions in regards to wrestle.

G

In regards to resolution 20-44 uh from the public, none.

G

Okay, do we have any more questions guys I mean we have to. I guess you know we. We.

G

Have to pay them so uh who? Who would like to uh raise the.

G

B

Cindy connery makes a motion to accept resolution.

B

20 20 44. xeric stan wise I'll. Second, the motion.

G

All those in favor aye, don griffin, mcnardy, yes,.

F

Sandwich yes, david walter, yes I'll, oppose none. The motion carries the.

G

Next item of business is resolution. 20-45.

G

Project review and approval form for eda grant.

G

He wants to speak in regards to this, so let me uh let me start and I'd also.

D

Like to ask jen pearl who's joined us.

D

To to help uh with with the presentation, what you have in front of, you is a.

G

Resolution and a project review form, and uh you know just to remind you, the.

D

Project review form is us just laying out what we think some.

D

Costs may look like that can be that can.

D

Change over time, in this particular particular case, it likely will change.

D

Over time and I'll explain why but you're not approving the costs per.

D

Se uh you're just uh receiving the project.

D

Review form and um and then that that will.

D

Become clear as time goes on and any time there's an actual cost that needs.

D

To be approved by the rdc that will be brought.

D

To you in the form of an agreement which will have hardened cost, but we.

D

Will try to keep this project review form updated over time.

D

For this project, which, uh which is pretty.

D

Significant, so at a very high level before I turn it over to.

D

Jen, who will talk you through the concept? What we are doing here.

D

Is pursuing an economic development administration grant uh as part of the.

D

Keras program they were allocated uh monies and uh those grants.

D

Are pretty substantial? uh In our case, we are pursuing um a technology center.

D

Building uh in the trades district, broadly, the parameters of the eda grants.

D

Are uh 80 20 match, so uh 80 of the cost would be.

D

uh Coming from the cares, act and 20 of the cost would be coming from.

D

The the locality, in this case it would be the rdc.

D

There are some costs as you'll, see in the project review form.

D

Associated with actual uh development of the.

D

Of the grant proposal now uh we're going about it in a way that.

D

Maximizes our ability to recoup uh some of those costs into the actual.

D

uh Grant should we be awarded that grant, but if we're not awarded the grant, then.

D

Obviously, we don't have the ability to to recoup.

D

Those costs, which is why we're listing them here um so anyway, that's the really broad parameter so.

D

So you know think new building, uh mostly funded by federal dollars,.

D

Some funded by local dollars going into the trades district.

D

And uh we have currently looked at two potential.

D

Areas for this, given the nature of the building, which.

D

Jen will go through uh one area is the southeast corner of the trades.

D

District on the corner of madison and 10th, so that is.

D

The lot big big open lot essentially across the street from.

D

The solution tree parking lot, the other lot that we're thinking about.

D

Is the one at the northeast corner, which is.

D

The lot just above the trees and um that lot uh is across the street from.

D

The kiln and the mill and and then to the north, it's across.

D

The street sort of sort of from upland, so those are.

D

Two potential areas uh and and we've we've looked at those.

D

Two, uh in light of the nature of the building.

D

So why don't I turn it over to jen and ask her.

D

If she would uh to take us through some of the concept.

D

Details of this, so you can understand uh what it is that we're pursuing it.

D

And why hi everyone thanks so much for having me today, it's good to see you.

E

um My name is jen perlin, I'm the president of the bloomington economic.

E

Development corporation and for anybody who's listening online.

E

uh We're a 501c6 non-profit that serves all of monroe county.

E

In uh fostering the creation and the attraction and the expansion of.

E

Good-Paying jobs for all individuals across the community.

E

And we've been working with the city of bloomington on a concept to apply for this federal funding.

E

Essentially, for a trades district, a trades district technology center so.

E

Really, broadly speaking, this grant, as a part of the cares act, is.

E

Intended to foster economic recovery for communities.

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Across the united states and when we're looking at the.

E

Opportunities that we have in our community within the restrictions of.

E

What this money can be spent for um employment.

E

Is a big piece of that, so what what can be done to foster employment? That's.

E

Forward-Looking and will actually help the community. You.

E

Know grow to the future. If you go back a few years, the regional.

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Opportunities initiative put together a study.

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For our region and identified technology as one cluster of growth.

E

And for for future opportunity, if you go back in our community.

E

You have um you know the showers furniture company.

E

Which produced you know, 60 of furniture across the united states.

E

In the 1920s, then, our local employment base moved to manufacturing.

E

With you know, ge um westinghouse, otis and many others.

E

And then you have the rise of companies like cook, catalan, etc.

E

And what we're trying to do is foster the growth.

E

Of kind of our next employment base in the.

E

Cluster of companies that's best positioned for creating good-paying jobs.

E

That don't not only help the city of bloomington.

E

And people here, but people across our community, um this is not uh to ignore any of our other employers.

E

um Because those are all still a very important piece of our base.

E

But this is actually to foster and support. What's next.

E

And so the trace district technology center.

E

Is essentially intended to support south central indiana employment growth.

E

In emerging clusters and commercialization of technology.

E

And there's really two main pieces to this. One is that there would be.

E

Programming and services available to tech companies in our region.

E

To help them grow and commercialize and then the other piece of this is a.

E

Physical location in the trades district that would serve.

E

Essentially, as a technology hub, and it would be serving tech companies.

E

That are anybody from just past the startup stage so think you.

E

Know like a a graduate of the mill, for example, once.

E

They've gotten past that all the way up to mature companies so.

E

That they can co-locate but also have opportunities to.

E

Participate in programming in this building.

E

Why tech, as opposed to something else, it's still growing across our region? It.

E

Applies across almost every other sector, you know you can apply tech to manufacturing, you know life sciences, etc. It requires.

E

Less infrastructure and resources compared to other sectors.

E

And it also ties to two key public sources of technology development, so we.

E

Have indiana university um which their.

E

Capabilities in tech have been, you know, growing by leaps and bounds.

E

Through ai machine learning, quantum computing etc, and we also have.

E

Crane which it's outside of monroe county, but.

E

South of us- and you have intersections between.

E

Tech and defense, and so what this center will really seek to do, is kind of.

E

Fill a need, you know right now. We have support for startups. This would be kind of that next phase in supporting growing companies.

E

You know through the region and some of the intended outcomes.

E

Are company and employment growth not only in our community but in south.

E

Central india indiana, um you would essentially have a hub for.

E

Talent, attraction and retention, you know for people coming out of iu and.

E

Other places that have these skills um you have regional branding.

E

Opportunity you know that this is growing in our region, and this is a.

E

Place that people can come and foster their careers and also.

E

Commercialization of technology um through support in different ways, so.

E

When we say you know tech, what do we mean.

E

Essentially it I'm just scrolling through my notes,.

E

Here um we have some key fields in which.

E

We have specialties that are growing in our community, ai and machine learning.

E

Big data analytics bioinformatics business intelligence, cyber security.

E

And cloud-based services are all growing in our community.

E

And through technology coming through the university, these are all.

E

Interrelated, so this center would be able to support.

E

Emerging industry emerging companies in these areas.

E

As well as you know, other areas of tech, specialty.

E

And if we talk about the support that the tech center would provide, it.

E

Would really fall into a few main buckets.

E

One would be to connect our growing tech companies.

E

With you know, regional innovation assets that I mentioned.

E

With companies that would like to acquire their technology with iu.

E

Alumni and tech alumni, as well as with business opportunities, so one is it.

E

Would provide connections two? We would also be looking to attract.

E

And grow talent, so um not only ensuring that.

E

There's collaboration happening between companies and our educational.

E

Institutions, but making sure that talent know that this is a place that they can come and grow by having sort of a centralized node within our community.

E

A third area of support would be advisory services.

E

um Where you know, companies that are growing will have support.

E

You know with business functions, but also would have.

E

Advice from mentors and peers um and then.

E

A fourth area would be connecting to funding opportunities. Many of those.

E

Already exist across indiana, but helping companies know what's there and fill in.

E

The gaps fifth area would be connecting to.

E

Federal information and partnerships, because you know they may wish to um they- may wish to go after federal.

E

Contracts in other areas, as well um so in terms of of the concept itself.

E

We anticipate that these details are probably going to continue to evolve.

E

As we move forward um because we've started to talk to.

E

You know potential partners in the community as well as.

E

Other tech companies and others that may wish to use these.

E

Services, so I should say that this is going to evolve the details.

E

Are going to continue to develop as we move forward.

E

But wanted to give you a quick snapshot of.

E

This project that we're working on and happy to answer any questions.

D

So again, just to just to broadly describe.

D

The effort underway right now uh the application is incredibly complex.

D

uh It includes uh pulling together our you know,.

D

Preliminary designs, based on the concept uh very.

D

High level with costing for potential uh construction of.

D

The building and um the the plan right now.

D

Is for us to uh we've been working on this for a little while to continue to.

D

Work on it um and to release a completed.

D

Application uh sometime, probably late september early october,.

D

In order to make sure that we get it in on time, it is a.

D

Finite funding source at the eda there's no.

D

Hard deadline for a grant to be submitted.

D

But you know, we've been told by the eda that obviously the sooner you get it in.

D

The better and um and that uh the you know, the the application will be.

D

Reviewed and responded to jen correctly, I'm wrong.

D

I think it's within 60 or 90 days, so it's a pretty.

D

Quick turnaround uh both to get the application pulled.

D

Together and in, and also to get a response on so.

D

You know again, the project review form is just to give you a heads up of what some of the costs might be that are associated with this.

D

We had to guess in some cases, um because we don't have the.

D

You know any information back uh the most significant.

D

Cost line item in the project review form as you'll see, is.

D

Is a match a local match? We listed it at two million dollars because.

D

Preliminary indications from the eda are that they probably.

D

Max out their side of things at seven or eight million.

D

So you know just with a match of of 20 um that would that would make our local.

D

Commitment to the project uh you know probably top off at two.

D

Million dollars.

F

Alex yep a couple things one um first of all, thanks for for moving.

F

Ahead on this, and for presenting it to us, it sounds like a great opportunity.

F

First question is: how does this differ or go beyond or.

F

Reduplicate uh the function of the.

F

Kiln, it sounds very similar and it's an explanation for what.

F

We're told uh was the purpose of that project. That is.

F

um Enabling companies startups to to outgrow the mill and and.

F

Giving them the support they need and then second, as just so I understand.

F

Better who who will operate all this is this through bedc or.

F

Will we seek a in essence, a third party.

F

How does how does the actual operation of what we're going to propose.

F

uh Rest in terms of either existing city staff or.

F

Some future agency.

D

So two good questions. So let me address the kiln question first, which.

D

Which is, uh you know, kind of probably a smaller scale of what we're talking.

D

About here, the kiln um is a graduation space for.

D

People already leaving the mill, so uh you know one of the.

D

One of the nice things about the kiln is that it's it's being.

D

uh Redeveloped and and activated having already fulfilled on some of that.

D

uh That promise- um and you know if their design allows.

D

For a little extra space, then certainly they'll be able to absorb some of that additional graduation uh graduating.

D

Companies, but it's you know, think of think of this as being the kiln on steroids, where the kiln is.

D

Going to be privately owned and operated and run, you know like.

D

A like an office building, um they will, um you know they will.

D

Stabilize and and you know have a have- a really nice.

D

Beautiful building next to the mill and we're thrilled with that outcome,.

D

This is, this is a much more robust uh version of that, and you know it's.

D

It the whole trades district in effect, um is.

D

Is a uh is a is kind of a large version of what's happening in the in.

D

The dimension mill and in the kiln in that we are trying to.

D

Stimulate activity in close proximity to itself.

D

And um and make it successful um that way, the the reason why.

D

um uh This is a little bit different than the kiln.

D

Is that as jen was saying, it has this sort of suite of.

D

Organized operational support designed into it so there's going to be a.

D

Building and then there's going to be a programming suite associated with the physical building.

D

And the combination of those too we've done some research around.

D

Other very successful incubator and accelerator kind of spaces around.

D

Other parts of the country and and and you know, having those paired.

D

Together a place uh services that wrap around.

D

And access to capital- those are all critical elements.

D

That make this kind of uh facility successful.

D

In terms of who operates it, uh we we feel that it will be best operated.

D

By a third party, non-profit.

D

Likely entity, um whether that's a uh one, that's built up from scratch,.

D

Specifically for this purpose like like what we've done for the mill, the.

D

The dimension mill inc was created exclusively for the purpose of.

D

Running the mill or if it's an existing one, that that.

D

Becomes you know that expands its scope, or that comes into play, to be able to.

D

Operate this the responsibilities of the operator.

D

Will be to operate the building day in day out.

D

But also there's a significant reporting back to the federal government.

D

That's tied to the eda grant so that function.

D

uh Will have to also be part of the mission of the of the.

D

Third party, as they operate this out, you know.

D

For the next decade, okay,.

G

Oh go ahead. Oh if I can answer that, there's also.

E

um We're essentially building regional connections into this concept.

E

As well, um whereas- and this is alex's comment of.

E

Like putting everything on steroids here is we want to be able to connect.

E

Company and technologies and partners not only across monroe county but.

E

Outside of the county as well, you know so, knowing that there's.

E

Technology companies across central south central indiana.

E

That connect to places like crane that you have.

E

Alumni connected through iu, for example, that are coming here, so it's.

E

It's really um systemic, in its view and in its approach.

E

In order to you know, create a hub for tech commercialization and the.

E

Growth of tech, talent for the region as well.

G

Any questions from the community from from the uh public.

G

In regards to this resolution, none any questions from commissioners.

G

Any more questions comments sounds really cool.

D

It's gonna be a lot of work yeah, but I don't have to do it.

G

um Can we have a motion then.

A

This is david walter omega motion. We accept resolution 20-45.

F

Eric stan, I move for a second all, those in favor aye, don griffin.

B

Cindy can arnie yes sandwich. Yes, david walter. Yes,.

G

A no not a pose, so the motion passes. Thank you. Thank you.

G

Good luck! Thank you.

G

um All right guys uh do we have any new. uh That concludes all our.

G

Resolutions do we have any new business or general discussion.

G

G

All right, um let's uh adjourn.

G

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