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From YouTube: City of Madison Redevelopment Commission- June 1, 2021
Description
Agenda
• Call to Order
• Approval of Minutes from February 2nd, 2021
• Claims Approval
o Barnes & Thornburg $159.55
o Reedy Financial 2,964.83
• Old Business:
o Financial Planning Updates-Mayor
• New Business:
o Resolution 2021-2: Determining Need to Capture Incremental Assessed Valuation
o Airport Water Infrastructure-Dick Goodman
• City Matters/Updates-Mayor Courtney
• Next Meeting Date: July 13, 2021 @ 3:00 pm
• Adjourn
A
B
B
B
B
B
C
B
C
A
C
A
E
So,
as
mayor
mentioned,
this
is
the
second
well.
This
is
the
second
reporting
requirement
of
the
year
owed
by
the
revolt
commission.
This
one
accomplishes
each
year.
We
need
to
give
notice
to
the
county
auditor,
basically
saying
that
we
have
demonstrated
the
need
to
collect
the
revenues.
This
is
looking
at
2022,
so
this
was
a
quick
and
easy
requirement,
since
we
do
have
a
pretty
accurate
picture
of
the
next
few
years.
E
So
it's
basically
looking
at
next
year's
revenues.
Are
we
looking
at
spending
over
half
of
those
we
are.
We
will
not
be
passing
through
any
assessed
values.
We've
demonstrated
that
you
need
to
collect
all
of
it
so
resolution
we'll
we'll
accomplish
that.
Exhibit
a's
basically
show
the
financial
picture
of
each
of
the
funds
so
that
each
of
the
allocation
areas
the
rdc,
has
and
then
once
this
is
approved
tonight,
we'll
be
moving
forward,
sending
out
mailers
to
all
the
underlying
units,
and
you
guys
will
accomplish
the
second
one.
E
A
E
Toward
the
end
of
last
year,
the
first
one
was
the
spot
here.
1St
is
pass
through.
This
one
is
passed
through
as
well.
You
approved
last
year's
financials,
the
first
of
the
year.
This
one's
passed
through
this
is
going
to
accomplish
this
part
of
the
year
moving
forward,
we'll
be
focusing
a
little
more
headwards
as
well,
so,
whereas
the
first
year
we're
looking
at
last
year's
picture.
E
Are
for
their
fourth,
so
throughout
the
year
one
of
them
is,
it
doesn't
have
an
official
date,
but
it's
it's
annually,
so
it
looks
like
it
looks
at
it
shows
tip
impact.
So
as
I've
kind
of
demonstrated
to
you
guys
or
mentioned
you
guys,
that's
what
we
did
last
year
end
of
last
year
that
one
is
not
necessarily
owed
on
any
specific
date.
It
just
fits
well
with
timelines
towards
the
end
here.
D
D
Perfect,
thank
you.
I'm
here
representing
the
airport,
we've
been
working
on
a
opening
up
the
south
terminal
area
for
development.
We
were
putting
some
water
lines
in
and
in
the
course
of
doing
that,
we
found
that
our
water
flow
to
the
fire
hydrant
to
the
main
area
of
the
airport
is
a
woefully
inadequate.
D
D
So
what
we're
looking
to
do
is
that's
a
three
inch
line
coming
in
from
portioning
road.
What
we're
wanting
to
do
is
put
a
six
inch
line
in
we've.
Got
two
quotes
for
that.
One
was
a
thirty
one
thousand
three
hundred
and
the
other
is
twenty.
Eight
thousand
five
hundred
so
we're
looking
for
funding
to
bring
the
main
water
line
in
to
provide
the
protection
for
the
city
property,
which
is
the
hangar
in
the
terminal
building.
D
A
Thank
you.
So
the
aviation
board
has
done
a
fantastic
job
of
doing
several
things.
Obviously,
at
our
airport,
one
was
recently
getting
awarded
a
northern
northern
runway
approach.
Fantastic
after
years
of
effort-
and
here
this
is
about
expanding
hangar
development
and
also
improving
fire
safety
at
the
airport,
which
is
why
we
want
to
support
it.
It's
already
part
of
the
city
madison's
redevelopment
plan
to
support
the
airport,
as
as
ticket
indicated,
they've
done
some
water
flow
testing.
It
looks
like
we've
got
to.
We've
got
to
work
to
improve
the
water
pressure.
A
Give
us
enough
water
flow
testing
is
being
done.
Our
chief
devries
is
involved
as
well
as
our
water
department.
Today
is
a
preliminary
meeting
just
to
really
describe
the
project
with
you
and
and
also
we'll
give
you
an
opportunity
to
ask
dick
any
questions
about
the
impact
and
the
economic
development
activity.
That's
going
on
out
there
and
then.
A
A
I
excited
a
an
aviation
study
from
the
state
of
indiana
that
was
done
literally
a
decade
ago
and
it's
an
economic
impact
of
our
airport
on
our
economies.
100
million
dollars
a
year
and
the
jobs
attributable
to
the
impact
from
the
airport
is
almost
400
jobs.
So
it's
significant
and
when
we're
talking
about
here,
maybe
you
know,
if
you,
you
know
thousands
of
dollars,
it's
not
going
to
be
an
insurmountable
amount
of
money.
That
would
not
generate
a
quick
return
for
that
investment.
So.
A
That's
why
we
wanted
to
pre-load
it
sorry
about
the
technical
difficulties.
Maybe
maybe
next
time
we'll
we'll
do
it
at
the
next
meeting,
and
so
you
guys
can
really
get
a
feel
for
the
scale
and
scope
of
the
project.
But
it's
basically
about
water.
The
right
amount
of
water
volume
and
velocity
to
the
airport.
D
One
of
the
things
has
done
well
for
us
with
the
faa
in
terms
of
getting
discretionary
funds
is
the
amount
of
private
investment
we
get
at
the
airport
and
we've
had
34
hangars
built
previously
and
now
working
in
the
south
area,
one
new
one
up,
there's
the
second
one
coming
and
the
one
fellow
just
built
the
one
new
is
actually
operating
the
business
out
of
there.
So
he
he
located
here
because
of
the
airport.
D
His
business
is
largely
internet-based,
although
he
has,
I
think,
six
or
eight
employees
there
around
the
country,
but
he
he
actually
operates
out
of
his
hanger
at
the
airport
and
it's
a
valuable
tool
for
us
and,
as
I've
often
said,
the
airport's,
the
community's
front
door.
It's
the
first
impression
we
make
on
people
it's
the
last
impression
when
they
leave
and.
C
A
A
A
A
A
A
We
have
a
small
business
rescue
fund
that
will
make
an
announcement
later
this
month
for
a
new
round
of
covert
related
resilient
grants,
we're
also
going
through
the
annual
compliance
requirements
for
tax
abatements.
We
have
only
a
handful
of
tax
abatements
through
through
the
city
that
we
will
be
working
with
those
companies
on.
I
believe
those
are
due,
probably
by
the
end
of
the
month.
A
To
start
talking
about
the
submission
requirements
for
different
projects,
there's
going
to
be
a
call
for
projects
we're
already
compiling
and
meeting
with
lots
of
different
organizers
across
the
city,
as
well
as
the
things
that
we're
doing,
but
we're
going
to
have
a
lot
of
either
infrastructure
or
quality
of
life
quality
in
place
capacity.
Building
projects
to
submit
for
the
redevelopment
authorities
consideration
that'll
go
into
a
a
singular
redevelopment
plan,
a
regional
redevelopment
plan
that
will
then
be
submitted
to
the
iedc.
A
A
That
two
point
we
went
in
the
board
of
public
works
has
awarded
the
2.5
million
restoration
contract
to
the
pool
group
so
that
we
can
start
on
the
restoration
of
crystal
beach.
At
the
end
of
this
pool
season
and
the
the
redevelopment
commission
had
previously
committed
match
money
towards
stellar
projects.
A
So
as
we
move
those
funds
around
between
projects,
we're
going
to
make
sure
that
between
the
city
mass
and
the
redevelopment
commission
and
the
2
million
open
grant
that
we
receive
that,
there's
sufficient
resources
there
to
have
committed
to
the
2.5
million
dollars.
So
it
was
just
a
subtle
change.
Honestly
didn't
affect
the
budget
at
all
before
the
financial
plan
at
all.
Just
how
and
when
we
spend
it
and
what
we
spend
it
on
inside.
A
The
group
of
stellar
projects,
but
we
did
meet
with
the
stellar
executive
committee,
went
over
all
that
with
them,
and
everybody
was
in
agreement
that
we
absolutely,
I
think,
cared
you
were
there
absolutely
in
agreement
that
we
have
to
move
forward
with
crystal
beach
plan.
Otherwise
we
will
have
no
community
swimming
pool.
So
that's
that's
really.
Basically,
it
quick
question
a
lot
going.
E
A
Did
this
what's
it
called
the
neutralization
where,
where
we
we
looked
at
all
the
assessed
values
of
all
the
parcels
inside
each
tif
allocation
area,
and
we
took
out
those
that
had
declining
assessed
values
so
effectively,
it
was
diluting
the
overall
revenues
collected
by
the
tif
district.
So
we
took
those
out
and
then
added
them
back
in,
so
that
it
would
get
a
new
base
assessment.