Cily of LAFAYETTE * IND.* MINUTES OF THE LAFAYETTE REDEVELOPMENT COMMISSION Council Chambers, City Hall April 24, 2025 11:00 am Attendance: Commissioners: Frank Donaldson, Shelly Henriott, Dave Moulton, Jim Terry Absent: Jos Holman Ex-Officio Members: Absent: Josh Loggins Staff: Dennis Carson, Economic Development Director; Michelle Conwell; Economic Development Administrative Coordinator; Myles Holtsclaw, Community Development Manager; Jeromy Grenard, City Engineer; Dave Griffee, Asst. Director of Public Works; Jeremy Diehl, City Controller; David Huhnke, Communications and Marketing Director; Cindy Murray, City Clerk; Kara Boyles, Staff Attorney; Jacque Chosnek, City Attorney; Tony Roswarski, Mayor Guests: Levi Evans, BE Represented; Mary Krupinski, J.S. Held; John Teibel, Centennial Edge; Dave Bangert, Independent Journalist Welcome and Call to Order Frank Donaldson welcomed everyone to the Redevelopment Commission meeting, noted that a quorum was present and opened the meeting of the Lafayette Redevelopment Commission at 11:00am. Minutes Jim Terry moved to approve the minutes of the March 27, 2025 meeting. Shelly Henriott seconded and the motion passed unanimously. Public Hearing Jim Terry made a motion to suspend the Redevelopment Commission meeting and open the public hearings for Resolution LRC-2025-03. Shelly Henriott seconded and the motion passed unanimously. LRC Resolution No. 2025-03: Lafayette Redevelopment Commission Additional Appropriation esolution-Centenng. Edge Jacque Chosnek opened the floor for public comment. There was no public comment on the Resolution. Dave Moulton moved to close the public hearing and reopen the Redevelopment Commission meeting. Shelly Henriott seconded. The motion passed unanimously. New Business LRC Resolution No. 2025-03: Lafayette Redevelopment Commission Additional Appropriation Resolution-Centennia! Edge. Developer, John Teibel began by giving an overview of the Centennial Edge project. Centennial Edge is a multi- phase project comprising of 36 two-story, owner-occupied townhomes with attached garages, located at the corner of 4th and Union Streets, representing a total investment of nearly $11 million. John is requesting $250,000 to support infrastructure improvements such as drainage and utility relocation. This Resolution approves the appropriation of TIF funds to support this project. Jim Terry moved to approve. Shelly Henriott seconded and the motion passed unanimously. LRC Resolution No. 2025-04: A Resolution Authorizing the Use of TIF Revenues and Approving the Form of Loan Agre-ment-Centenna. Edge. City Attorney, Jacque Chosnek gave an overview of the Resolution which approves the use of TIF funds and approves the loan agreement between developer, John Teibel and the Redevelopment Commission. The agreement includes a $250,000 forgivable loan over 3 years for infrastructure improvements. The loan will be forgiven if specific milestones have been met. Dave Moulton moved to approve. Shelly Henriott seconded and the motion passed unanimously. Milestone Contractors, LP:3rd and 4th Street Conversion CO#3 - Dennis Carson presented this final change order for the 3rd and 4th Street Conversion Project in the amount of $184,786.88. It includes full depth asphalt paving for conduit relocation, backfill materials and project delays, trenching and replacement of signal conduit, filling and repairing voids under the streets, additional excavation and concrete for signal foundations, and various conduit repair. The current contract price is $1,668,593.70 and with the new change order, the new contract price will be $1,853,380.58. Project owner's representative, Levi Evans, spoke about unexpected discoveries that created delays in the project. Dave Moulton moved to approve. Shelly Henriott seconded and the motion passed unanimously. Director's Report Dennis Carson reported that Main Street Streetscape Phase VI will begin in May. Once this phase is complete, the entire downtown Streetscape project will be done. Owner's Representative, Mary Krupinski of. J.S. Held provided an update on the Lafayette Theater project. Claims Jim Terry moved to approve the April 2025 claims in the amount of Two Million, Six Hundred Seventy-Three Thousand, Four Hundred Fifty-Five Dollars and Five Cents $2,673,455.05). Shelly Henriott seconded and the motion passed unanimously. Public Comment: No comment Adjournment Dave Moulton moved to adjourn the meeting. Jim Terry seconded and the motion passed unanimously. The meeting of the Lafayette Redevelopment Commission was adjourned at 11:18am. Respectfully submitted Michelle Conwell, Recording Secretary Approved, A Shelly Henfiott, Secretary Lafayetté Fedevelopment Commission