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B
C
B
In
favor,
all
right
done,
second
order
of
business
is
the
claims
approval.
Several
claims
been
passed
around
the
commission,
totaling
59,
332.71
cents,
being
any
of
the
comments
or
questions
can
I
get
a
motion
to
approve
and
pay
so.
C
A
A
B
D
So
a
couple
of
update
items
for
you
guys
one
is
pretty
much
just
overarching
about
the
plan
kind
of
reformatted
a
little
bit
so
one
of
the
one
about
that
and
then
the
year
we've
worked
with
the
county
to
start
certifying,
assessed
values
for
2023,
so
I've
kind
of
got
a
bit
of
an
AV
and
then
Revenue
update
for
everyone
great.
D
So
as
far
as
the
plan
goes,
I've
been
working
quite
a
bit
with
Tony
past
couple
months
in
the
rest
of
the
city
to
better
organized
the
way
the
expenditures
are
shown
so
looking
at
things
more
from
a
high
project
overview
standpoint
now
to
where
we'll
have
individual
projects
underneath
so
destination.
Madison
is
a
great
point.
You
see
the
sub
projects
underneath
the
overall
umbrella
term
of
destination
Madison,
so
you
can
better
off
see
where
those
are
at
timeline
goes
for
those
as
well
and
then
any
any
project.
D
That's
even
going
to
have
further
broken
down
expenditures,
you'll
even
see
it
down
to
that
level.
Another
page
that's
going
to
be
different
this
this
month
that
I
want
to
kind
of
open
the
floor.
Up
for
discussion
is
page
five.
D
D
Just
where
I
started
it
for
the
time
being,
I
want
to
have
discussions
with
you
guys
as
far
as
what
you
want
to
see
on
that,
but
moving
forward
we'll
get
it
to
where
you
guys
want
it
to
be.
D
D
D
Generally
speaking,
right
now,
property
tax
rates
are
going
to
get
changed
here,
looking
at
next
year
with
as
the
Auditors
or
certifying
assessed
values,
but
roughly
speaking
right
at
about
100
to
150
000
in
Revenue
increase
property
taxes
for
those
are
kind
of
ballpark
scenarios.
For
the
time
being,
once
we
get
closer
to
the
end
of
this
year,
I'll
get
more
concrete
data
and
then
keep
you
guys
updated
as
those
numbers
change,
but
for
the
time
being
assessed
value
is
moving
the
right
direction,
so
that
is
all
I've
got
for
this
month.
D
Every
year,
no,
so
that's
pretty
much
an
as
you
choose
to
do
it,
so
the
city
went
through
that
back
in
2019
all
since
that's
been
seen
in
the
United
so
two
or
three
years
ago,
I'm
trying
to
put
myself
on
the
spot.
There
was
a
large
assessed
value,
jump
and
then
Revenue
jump,
and
that
was
basically
because
we,
you
guys,
went
through
the
pruning
process.
So
that's
pretty
much
done.
D
Let's
say
five,
ten
years
down
the
road,
we
see
there's
a
lot
more
dilapidated,
Properties
or
stuff
that
just
aged
over
time
and
gone
down
in
value.
We
could
do
Parker.
C
Just
sort
of
gave
a
quick
definition
of
what
the
decrement
process
was.
If
you
remember,
we
did
go
through
that,
and
there
were
properties
that
we
took
out
and
then
put
them
back
in
at
a
a
new
base
based
assessed
value
so
that
we
could
capture
increment
on
them
rather
than
them,
creating
a
a
detriment
so
to
speak
to
the
actual
assessed
value
and
Tiff
revenues
from
the
Tiff
District.
Okay,.
D
C
It's
great
to
see
that
the
district
is
growing
and
that
we're
going
to
have
more
revenues
to
work
with
next
year.
As
you
know,
we
have
quite
a
bit
of
new
investment
occurring
on
the
hilltop.
We
won't
see
the
benefit
of
that
until
probably
24
or
25..
It's.
B
A
Here,
yeah,
no,
we
haven't
I
mean
on
the
current
projects.
Those
estimates
were
created
in
the
last.
You
know
six
months,
so
those
estimates
should
have
included
inflationary
costs
in
terms
of
interest.
Increased
interest
costs
for
future
for
future
borrowing.
That
will
be
factored
in
as
a
part
of
our
estimates.
Moving
forward
great.
E
Good
afternoon
you
should
have
three
administrative
settlements
on
your
agenda
for
discussion.
These
were
all
approved
for
purchasing
a
right-of-way,
but
in
negotiations
with
the
owners,
we
have
recommended
these
administrative
settlements
for
adjusted
amounts
and
I
can
go
through
each
one.
If
you'd
like.
B
E
So
we're
completing
right-of-way
purchases,
hopefully
by
the
end
of
the
month
final
stage.
Three
plan
should
be
submitted,
hopefully
today
to
end
eye
on
from
our
team.
I
have
a
follow-up
within
dot
later
this
week,
but
letting
is
scheduled
for
February
2023
and
then
we'll
get
construction
going.
We're
combining
our
project
with
three
other
indot
projects,
so
Cliff
to
drive,
maybe
a
little
bit
of
a
mess
next
year.
But
it's
going
to
be
a
complete
package
once
it's
all
finished.
E
E
E
A
A
As
a
part
of
that
plan,
you
will
notice
that
we've
maintained
the
revenue
at
a
conservative
number
in
terms
of
the
assessed
value
and
the
fund
balances.
Moving
forward,
we've
tried
to
take
the
various
documents
over
the
last
three
or
four
years
and
finally
distilled
those
down
into
some
priorities,
as
well
as
understanding
the
ready
dollars
that
have
come
into
the
city
to
fund
those
those
projects.
A
So
you'll
see
the
capital
outlay
plans
for
2022
and
2023,
as
well
as
some
look
into
24
through
27.,
there's,
really
no
major
surprises,
I,
think
or
any
major
additions.
A
couple
things
that
I
will
highlight.
We
have
added
some
additional
dollars
in
for
the
Downtown
parking
study,
wayfinding
and
implementation.
From
the
study
that
you
paid
for
earlier
in
the
year,
we
have
identified
some
work
for
the
support
of
Parks
and
Recreation,
which
was
in
previous
plans.
A
We've
identified
the
Oak
Park
as
a
project
to
support
this
year
and
then
basically
continuing
the
support
of
Cub
Industries
and
the
pace
funding
of
Foley
and
adding
some
dollars
for
the
public
art
Initiative
for
the
city
so
again
with
leaving
a
cash
Reserve
balance
as
a
priority.
This
plan
is
fully
funded.
D
Perfect,
just
one
big,
quick
Point
as
far
as
how
the
organization
of
the
flow
of
the
document
goes,
as,
as
you
guys
know,
having
multiple
tip
areas,
each
need
their
own
fun
and
the
bonds
and
stuff
like
that.
Each
need
their
own.
D
D
What
do
each
of
the
phones
particular
particularly
so
bond
funds?
We
have
the
capital,
the
prep
funds.
A
D
A
D
Main
area
you'll
see
your
detailed
revenues
or
detailed
expenditures.
A
.,
so
we're
showing
Revenue
in
2025
out
of
the
North
Plot
out
of
the
Madison
Plaza
out
allocation
area
is
starting
to
roll
within
close
to
four
hundred
thousand
dollars
of
new
Revenue
showing
into
the
TIF
district
for
2026..
If
you
remember,
the
North
Madison
Plaza
area
will
have
its
life
expectancy
from
the
time
at
which
we
issue
debt,
so
we'll
be
able,
then
to
have
the
North
Madison
Plaza
Revenue
in
as
as
a
future
revenue
for
a
long
time
coming
in.
A
C
C
C
I
really
like
the
organization
of
it,
broken
down
by
fun,
because
one
of
the
things
we
talked
about
is
how
do
we
maximize
the
benefit
from
the
Tiff
allocation
area?
And
you
know
what
do
we
need
to
do
in
order
to
capture
those
revenues,
because
these
Tif
these
allocation
areas
do
expire?
So
it's
going
to
be
important
for
us
to
properly
manage
it
through
some
leveraging,
particularly
in
the
primary
North
Madison
allocation
area.
C
I
believe
so
we're
we're
getting
close
to
the
point
where
it's
going
to
be
difficult
to
leverage
that
that
allocation
area,
which
is
why
we're
in
addition
to
this
Capital
plan,
not
only
identifying
the
projects
in
which
we
would
Finance,
but
how
we
would
Finance
them,
and
it's
going
to
be
through
additional
borrowing
to
capture
the
potential
to
move
forward.
Tiff
revenues
from
from
the
North
Madison
allocation
area.
If
we
don't,
then
what
will
happen
is
we'll
just
get
that
increment
a
little
bit
each
year
until
it
expires,
and
then
it's
gone
and.
A
As
we
talked
before
in
the
previous
sessions,
we're
maintaining
the
current
level
of
assessment,
so,
as
Parker
just
reminded
everybody,
assessments
do
go
up
each
year
and
so
we'll
continue
to
see
that
we're
we're
being
very
conservative
with
maintaining
a
assessed
value
to
be
conservative
on
the
income
side.
C
It's
a
it's
a
mix
of
priorities,
quality
of
life
and
infrastructure;
those
things
that
would
you
know,
create
additional
capital.
Investment
such
as
Clifty,
Drive,
sidewalks,
downtown
grocery
store
the
park,
improvements
to
the
city
of
Madison
and
our
destination
Madison
plan,
that's
also
bringing
in
other
ready
sources.
C
Those
are
probably
some
of
the
big
bigger
ticket
things,
certainly
the
Sunrise
Crossing
shops
at
Sunrise,
Crossing
and
the
and
then
the
residences
that
Sunrise
Crossing
is
a
big
major
investment
by
the
Redevelopment
commission.
That
has
a
major
storm
water
management
component
to
it.
That's
also
a
collaborate
collaboratively
working
with
our
flood
mitigation
plan
for
the
Clifty
Creek
Watershed,
so
those
are
four
kind
of
Big
Ticket
things:
that's
improving,
Traffic
Safety,
improving
our
Parks,
improving
storm
water
management
and
adding
more
quality
of
life
initiatives
to
to
Madison
quality.
A
Of
lights
and
initiatives,
I
think
would
sum
it
up
for
attraction
and
retention
of
workers
fill
the
jobs.
You
know
we
know
today
that
it's
more
and
more
competitive
to
attract
workers.
They
look
at
the
amenities
of
a
community.
They
look
at
the
park
system,
they
look
at
the
education
system,
they
look
at
those
other
quality
of
life.
Amenities
and
those
are
the
things
that
we're
trying
to
improve
upon
now.
C
I'll
mention
too
one
other
thing
is
it's
got
a
it's
heavy
on
housing,
the
partnership
with
Habitat
for
Humanity,
the
new
apartments
coming
in
for
residents
at
Sunrise,
Crossing
and
and
then
we're
also
looking
at
other
property
that
the
city
owns
to
see.
If
we
can't
co-develop
that
for
housing
too,.
A
And
you
know,
as
those
as
those
projects
start
to
transpire,
there's
a
multiple,
multiple
ways.
The
Redevelopment
commission
can
play
a
role
in
those
housing
projects
from
Bond
authorizations
to
infrastructure
improvements
to
to
subsidies
as
well
so
we'll,
as
those
projects
start
to
transpire
here
in
the
next
12
months.
We'll
we'll
use
all
the
tool
tools
in
our
toolkit
to
make
those
projects
happen.
B
No,
it's
a
I
think
it's
a
good
plan
I
like
that,
it's
fully
funded,
that's
a
big
big
with.
C
A
surplus
yeah
but
again
I
mean
it's
fully
fun.
It
is
relative
I'm
going
to
make
that
point,
which
is
it's
going
to
cost
a
lot
more,
but
because
it's
about
partnering,
it's
about
private
Capital
attraction.
That
really
I
think
is
is
the
real
story
here.
Is
that
how
do
you
you
know?
How
do
you
turn
two
million
dollars
into
20
million
dollars?
Or
how
do
you
take?
You
know
like
this:
the
the
sunrise
Crossing
development,
that's
a
five
million
dollar
investment
by
the
Redevelopment
City
of
Madison
Redevelopment.
Commission.
C
It's
going
to
create
55
million
dollars
worth
of
new
investment.
There
that's
much
needed
for
our
community
in
so
many
different
ways,
so
that
is
the
that's
the
Alchemy
behind
what
we
can
do
to
leverage
up
our
dollars.
The
best.
A
2024.
yeah,
probably
six
to
eight
months
away,
we're
currently
working
through
the
projects
in
2023.
Now,
at
this
point,
we
have
we're
trying
to
get
those
finished
and
then
we'll
move
to
2024
and
2025.
Most
of
those
will
probably
revolve
around
housing.
C
A
There's
also
other
tools
that
have
been
added
to
the
to
the
Redevelopment
of
the
Redevelopment
commission,
residential
tips
and
those
sorts
of
tools
that
we
haven't
looked
into
thoroughly.
That
Reedy
has
been
advising
us
on
as
we
look
at
these
residential
projects,
and
how
can
we
leverage
some
of
those
new
tools
that
are
available
to
be
able
to
we'll
continue
to
look
at
all
those
tools
as
those
projects.
B
A
I
I,
provided
you
today
with
an
update
on
Frank's
drive
on
Cliffy
Drive
intersection.
We
have
some
exciting
news
to
announce
today
at
the
planned
Commission
of
a
national,
fast
casual
restaurant
that
has
interest
in
Madison
needing
a
zoning
change.
We
also
need
to
improve
the
intersection
at
Frank's
drive
and
Clifty
drive.
A
That's
West,
Franks,
Drive
or
east
Frank's
drive
and
Clifty
Drive
I've
laid
in
front
of
you,
hot
off
the
press,
quick
little
sketch
for
you
to
understand
what
that
might
be
and
I
would
ask
for
a
motion
from
the
RDC
to
have
the
mayor
enter
into
an
agreement
with
Jacoby,
tombs
and
Lance
to
study
that
intersection
and
the
and
the
develop
a
budget
for
the
implementation
of
that.
A
A
D
A
You
the
last
item
I
have
today
is
in
your
packet,
is
a
quarterly
RDC
funded
projects
update
it's
a
report
that
I've
been
working
on
for
the
last
a
few
months
to
try
to
get
to
a
a
document
that
I
think
will
be
helpful
for
you
as
members
of
the
commission,
as
well
as
for
our
city
council.
Ultimately
again
that
report
we'll
talk
about
some
strategic
highlights
again.
Those
strategic
highlights
that
I
think
are
important.
To
talk
about
are
certainly
the
ready
projects.
A
Two
of
those
projects
were
approved
on
Friday
and
we've
actually
are
in
the
bidding
process.
For
those
as
we
as
we
speak,
construction
is
is
in
the
process
with
Sunrise
Crossing
things
are
going
extremely
well.
We
haven't
run
into
any
major
unforeseen
issues
at
this
time
and
all
that
is
working
extremely
well,
they're
actually
ahead
of
schedule.
So
we're
happy
to
hear
that
at
this
point,
there'll
be
a
look
ahead
to
what
we're
looking
to
do.
A
What
we're
what
you
think
might
happen,
I
would
say
that
one
thing
to
add:
we
are
going
to
rebid
the
land
Acropolis
for
the
land
that
we
own
in
the
industrial
park
that
the
RDC
has
that
that
crop
lease
has
not
been
bid
out
since
2014,
and
so
we've
we've
we'll
be
planning
on
rebidding
that
out
here
this
and
then
throughout
the
document
you'll
see
each
project
in
alphabetical
order
of
the
projects
that
this
Redevelopment
commission
is
involved
with
again,
sometimes
the
projects
are
partially
funded.
C
Tony
on
on
this
document,
it's
this
a
fantastic
document-
we've
been
talking
about
this
for
a
long
time,
because
there's
so
much
going
on
Tony
and
Alyssa
have
done
a
fantastic
job,
finally
assembling
it,
and
working
also
with
with
Parker
and
Gary
and
the
whole
Reedy
team
on
the
financial
plan
about
funding
it.
But
as
you
go
through
here,
I
I
want
to
a
thank
you
for
all
your
support
on
these
projects.
C
Some
of
these
have
been
in
the
works
for
years
that
are
finally
coming
to
fruition,
but
it
also
is
a
reminder
of
the
impact
that
this
Tiff
District
I,
think
is
having
all
across
the
city
with
the
investment
it's
make,
making
not
only
the
investment
it's
making,
but
the
investment
is
attracting
by
others.
That's
really
where
the.
C
Doing
quintessential
Redevelopment
work
to
attract
new
capital
investment
for
the
city,
one
recommendation
on.
Maybe
the
report
is
to
have
a
summary
page
at
the
front
with
a
number,
so
we
can
quickly
see
there's
20
projects
list
the
name
of
the
project,
total
total
investment,
cost
RDC,
RDC
portion
of
it
and
then
other
funding
sources
so
that
you
can
just
get
a
quick
summary
of
it.
But
this
is
great
information
and
you'll
see
it's
infrastructure,
quality
of
life,
housing
and
business
development.
C
A
Yeah
so
we'll
have
another
report
here
towards
the
end
of
the
year
and
updates,
and
hopefully
we
have
some
more
exciting
news
to
share
at
that
point.
So
one
other
thing
I
will
let
you
know
we
are
in
final
lease
negotiations
on
the
Madison
Plaza
project
and
we
hope
to
be
able
to
announce
maybe
at
the
next
city
council
meeting
the
fourth
tenant,
so
that
that
should
be
coming
soon.
It's
just
a
matter
of
making
sure
the
inks
dry
before
they.
We
can
announce
it.
A
A
C
Ahead
well,
today,
we
closed
down
the
real
estate
with
the
port
authority
city,
mass
and
Port
Authority,
which
is
the
22
Acres.
The
Redevelopment
commission
agreed
to
sell
to
the
Port
Authority
for
the
creation
of
a
transloading
facility
on
Industrial
Drive
excited
about
the
investment
that
they're
making
there.
That
will
provide
additional
Transportation
us
for
businesses
and
Industry
that
want
to
use
Jefferson
County
as
either
a
translating
facility
to
take
it
off
the
rail
or
put
it
onto
trucks.
It's
so.
E
C
C
Tony
mentioned
a
little
bit
about
ready.
Last
Friday
we
received
Regional
Development
Authority
approval,
which
then
now
goes
to
the
Indiana
Economic
Development
Corporation
of
funding
of
two
of
two
of
our
ready
projects.
We've
been
awarded
2.6
million
dollars
for
Destination
Madison,
which
is
our
Gateway
enhancements
by
the
bridge,
as
well
as
the
enhancements
to
the
Mulberry
Street
Arts
Corridor.
This
parking
lot
here
and
the
parking
lot
behind
the
Comfort
station.
C
What
I
want
to
say
about
that?
In
addition,
is,
if
you
recall,
we
did
a
a
parking
study
several
months
ago
and
some
of
the
conclusions
there
was.
We
didn't
need
to
build
a
parking
garage,
but
what
we
needed
to
have
what
are
way
finding
for
the
existing
parking
that
we
had
and
there
was
an
unfinished
parking
plan
with
the
downtown
Comfort
station
that
went
complete
with
these
ready,
Grant
dollars.
C
There
will
also
be
new
parking
and
amenities
located
right
off
the
bridge
as
our
Gateway
plan
that
will
include
spot
a
spot
for
electric
vehicle
charging,
pedestrian
access
to
the
bridge
walkway
as
well.
As
you
know,
General
parking
there,
water,
fountains
public
art
and
just
a
nice
green
skate
amenity
for
when
you
come
across
to
the
Gateway
into
Madison
into
the
state
of
Indiana.
C
Lastly,
I'll
mention
that
a
new
school
superintendent
has
been
hired
for
Mexican
Consolidated
High
School.
She
was
unable
to
make
it
to
the
meeting
today
we're
waiting
on
the
High
School
to
nominate
her
for
appointment
as
The
Advisory
Board
member
to
the
Redevelopment
commission,
and
so
we'll
have
her
in
attendance
at
the
next
meeting
and
we'll
share
with
you
prior
to
that
her
resume
and
background.
She
comes
to
the
city
of
Madison
from
North
Vernon
High
School,
so
she
will
be
joining
the
Redevelopment
Commission
in
an
advisory
capacity
beginning
at
the
next
meeting.
C
C
Happy
to
answer
any
questions
Lots
going
on,
as
you
can
tell
we're
continuing
to
make
progress
on
so
many
different
fronts.
B
Okay,
with
next
meeting
is
September
the
6th
there's.
No
other
items
on
the
agenda
get
take
a
motion
to
adjourn
the
meeting
all
in
favor
aye.
Thank
you.