Thank you. Receive. You're welcome. Hey, radio. I'd like to welcome everyone. All this meeting to order. Thank you for coming. Chair is open for approval of the minutes. Further Chairman, if there's no questions concerning the minutes. I'm moved to approve. And I'll second. It's been moved in second. Do we have a question on the motion? If not all in favor. Hi. Hi. Hi, I have motion here. All right. Our public hearing is a part of our meeting this morning. So. All right. Our public hearing is a part of our meeting this morning. So, we'll start with asking for a motion to suspend our meeting and open the public hearing in a second. Okay. Mm-hmm. Mr. Chair, I would move to suspend our regular meeting and open the public hearing. Second. It's been moved in a second. It's been our regular meeting and open public hearing. All in favor. All opposed same sign. Motion carries. We're now open for our public hearing. Just ask if there is any public comment on resolution. Resolution LRC 2024-23. That is we have two public hearings, but that's the first one. Okay, we don't see any public comment but that's the first one. Okay, don't see any public comment on that. We also are here in public hearing on resolution LRC 2024-24 and both of these public hearings are related to the Anvil 26 project. All right. So you're good to close and reopen. Move to close the public hearing. Yes. the see none you're good to close and reopen move to close the public hearing yes and open the open regular meeting. All right. Good morning. Dennis Carson, echoing development director. Our first part of new business is related to the Amville 26 project. There's six three resolutions here all related to that project. As you know, we've taken a little hiatus with this project. For a while there, we were attempting to work out a parking agreement with IU health, which did not come to fruition. And unfortunately, so the scope of the project has changed a little bit since then. So with these three resolutions, I'm going to first, I'm going to bring up Ironman properties, the developer to tell you about the new scope of the project, and then following that is our legal counsel and our financial advisors as well too. So thank you, yes. advisors as well too. Thank you commission members for hearing our petition this morning. My name is Joe Blake. I am the owner of Ironman properties along with my business partner, Mike Sandry in the second row. I will be brief in the presentation on the project that would be happy to answer any questions. I'll tell you what's different about what we proposed previously. So just a little bit, just brief history of our company and what we do, we like to invest in small to mid-sized communities throughout Indiana to encourage revitalization and additional investment in the downtowns. And so we see projects as just that as encouraging continued development and growth in the communities in which we operate. I want to talk to you this morning about a project that's changed a little bit, at same location, at 26th Street and South Street. So the proximity here is that it's on the northeast corner of 26th and South Street. It's just south of the IU Health Parking garage that you may be familiar with there. The Springs is just to the west. It is also in proximity to Columbia Park and Murdoch Park and is walkable to restaurants, parks, that sort of thing. In a lot of ways, I'd like to view the Amville 26th location as part of the gateway into downtown Lafayette from the east. And so it's important to us that the project that we build there is compliments what the city is trying to do. So project details, it's 1.3 acres. The building is now 91,000 square feet. There's 78 multifamily units, and there are 103 parking spaces. The reason for the actress there is that there are 93 parking spaces on site that we're able to count from a zoning perspective, but we're also developing 10 parking spaces along 27th Street. The building now is a four-story building. It's on the first floor is a heated podium parking area and then three floors of housing above, multifamily above. And as noted here, it's walkable to parks, health care, shopping, restaurants, etc. The property is zoned. We're not talking about zoning, David. It is zoned, MRU, medical-related urban, and multifamily is a permitted use. The variances that were granted back in May are 93 parking spaces in lieu of the 122. I'll get into that, the reason for that here shortly. It's a 56,000 square foot lot as compared to what was required by zoning of 81,000 square feet. Those zoning requests were approved. This is a layout of the project. What you'll note here, what I would like for you to note is that the building itself sets back at a scale similar to the other cottages and houses along 26th Street. The same along 27th Street as well. It sets back away from the road and lines up with the houses that are there trying to be respectful of the residential setting that it's in. You'll also note here that 60% of the parking spaces are under the building and the other 40% are behind the building to the north. This is a view of the building. It's a four-story building. As I said, the first floor is a parking area and the upper three floors are multifamily units. What is notable here and what we did in cooperation with community input is we tried to make sure that the first floor that the building as a whole felt like it fit into the residential fabric of the area. And so even though that's a parking garage on the first floor, you'll note that it has the feel and it reads like a residential first floor. So the project amenities, it is a market rate housing project. It's not low income housing. It's not rent restricted in any way. And the things that we think the community benefits from is creating housing density where housing density is appropriate and needed. It's located between two city bus routes, which I'll show you in just a moment. A adjacent to the parks and it ties into existing city utilities. The building itself, as I said, is a class A building, so it has some of the amenities that you see there. It's been well documented that the need for housing in Indiana and indeed across the country continues to increase. There was a study done about a year and a half ago that indicated that the demand for additional housing between now and 2030 would be between roughly 11,000 units. And part of what we're trying to address here is the need for housing, not being a liability for the community in regards to attracting additional industry. And that's what the chart is indicating is that business leaders would say that if there was a reason for me to not locate my business here because of available housing. So we're trying to address that with this project. There's also local impact of creating jobs, we're creating two full-time jobs and with the project, budget of almost $19 million, industry standards suggests that we would be creating up to 380 construction jobs during the 12- to 15-month build cycle for this building. There's also a local impact increasing and I'll let Greg with Baker-Tilly address all of this but again an increase in tax revenue locally, not only real estate taxes but just income taxes, spending in businesses, et cetera. There's also just the matter of local impact regarding infrastructure efficiency. It's one thing to develop new things on the perimeter of town and extend utilities out there, and that's good. But it's also good to redevelop the core that you have where you already have infrastructure. So this building will be tying into a water system, sanitary sewer system, storm sewer, fiber optic, all that stuff that's available on the site today. And so it's just a good use of existing infrastructure. As I mentioned, there is a city bus route both on the north and the south side of this. So that was part of the justification for reduced parking because of the use of public transportation. So this slide is just to indicate just who we are briefly. We're a fully integrated development company meaning that we do everything from stand in front of commissions like this as the owner to designing the building. We hire local architects and engineers. We're also our own general contracting company, so we'll build the building. And we also operate the building. We have our own property management group that will operate the building force once it's constructed. We're also local, Mike and I are both Lafayette residents. So the ownership is local, the construction team is local, the property manager team is local. The point is we're highly invested in this community and we want to do the right thing. We'll do the right thing. As a side note, you may be aware that one of our properties that we developed recently that we're very proud of our opportunity to do this in Lafayette is Amble 38 out by the YMCA. And I told a group earlier that we were talking about names for this project and if that one was called Amble 38 and this one sits on State Road 26 and at the corner of 26th Street, it almost has to have 26 in the name somehow, right? So it will probably be called Amble 26. So with that, I'd be happy to answer any questions. That's a brief presentation on the project. Questions do we have to go? Looks like a top notch building, the one out there, by the Y look. Look, that's one. Thank you. I do have a question for the mayor though. You said tying into the city told these sewer system and everything's big enough to carry all Freeze There for the years when that was actually a hospital I figured you did So there was would you remind me please one of your slides Had a a dollar amount for the project. I think I wrote down 19,000, but I don't have my glasses on. I really look at this screen. And am I reading previously the project was probably close to the 13 to. 19 million. Okay. Oh, I'm sorry. Thank you. 19 million. Absolutely. Yes. Absolutely. We're talking millions of dollars. I think so. So it's 19 million. It's close to 19 million. And previously it was 13 to I think that I think that's right. Okay. All right. I know we talked about changes. So. Well, that primarily is we could work out of the agreement. Yes. Yes. I understand. We've got to create parking. And then we also created a special tip for this, right? The Anvil 26th allocation area? Yeah. That is something we're doing. And our legal counsel and financial advice will talk about that in more detail in just a minute. OK. OK. I'll wait. I'd like to come at the focus on the residential. It's very much. Thank you, Mr. Foster. We're with all of our buildings. We don't view these as our buildings. They're the communities buildings. They'll be here a long time after I'm gone and so it's important that as a community we agree that this is what we ought to do. I agree with that statement going with Greg instead of citing it stuff like that Greg can walk, laugh, forever. Yeah. Mary, do you want to make some comments? Yeah, just quick. Just quickly for the legal folks come up. We have been working on this as you know because we've brought a tea before for a long time trying to get this right and then when you look at the overall development of the old home hospital site, it's actually worked out very well. If you go up there with with the springs and some of the other buildings and some of the homes that were built in there and this final piece is a challenging spot with a challenging with a lot of things that you have to overcome. So I want to thank Iron Man and Dennis and our whole team here that's worked on this for a long time to get something in there that will fit and will work. It is a great spot. It's close to downtown. It's close to Murdoch School, sunny side school. People can walk, rigs, health care. I mean, there's lots of bus line. There's lots of reasons why this is a good spot. But it has taken us a while to get to this, but the team here doesn't give up until we find solutions. So we would appreciate your support. And as Jim said, it's a nice design and met with the neighbors on a couple occasions. Got everybody comfortable with it. So it's another good example of overcoming challenges and working together to end up with a good project that will really be good for that neighborhood and be good for the community as a whole so we certainly would appreciate your support of it. Good morning commissioners. I'm going to move ahead and move to the next one. I'm going to move to the next one. I'm going to move to the next one. I'm going to move to the next one. I'm going to move to the next one. I'm going to move to the next one. I'm going to move to the next one. I'm going to move to the next one. I'm going to move to the next one. I'm going to move to the next one. before the financing of the Amville 26th Project. As Mr. Carson mentioned, there's three resolutions before this commission today. The first one is the confirmatory resolution relating to the amendments to the TIFF allocation area and the establishment of the new Amville 26th allocation area. So resolution number LRC 2024-2023 is a resolution modifying and confirming the amending declaratory resolutionth, 2023, we met and passed the amending declaratory resolution, which removed eight parcels from the consolidated CRECE TREASE allocation area, which is a separate sub allocation area located in the consolidated CRECE lane allocation area. We took those parcels out and designated them as a separate sub allocation area, which is a separate sub allocation area located in the consolidated Creasy Lane allocation area. We took those parcels out and then designated them as a separate allocation area. So a new allocation area titled as the Anvil 26 allocation area so that you could use the TIFF that's going to be generated from this project to support financing the project and then also carrying out economic development purposes for this allocation area. We also amended the economic development plan for this area to include the Anvil 26 project. On December 20, 2023, the Tiptockinuate County Area Plan Commission issued its order approving the amending declaratory resolution and confirming that conforms with the plan of development for the city. And then on January 8, 2024, the Common Council met and adopted a resolution of proving the plan commissions order, which is this step required before today's meeting and the public hearing related to finalizing the new allocation area. So as Mr. Blake mentioned, the Amville 26 project has expanded from approximately 67 unit, multifamily apartment facility to a 78 unit facility. The prior cost was 13.2 million and now it's approximately 19 million. So the confirmatory resolution before you today modifies the amending declaratory resolution, which was adopted last year, to update the scope of the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding to the funding and the findings and determinations outlined in the amending declaratory resolution. So at this time, I'm happy to answer any questions regarding resolution LRC 2024-23. What questions do we have? I don't know if my question is now related, but it's all tied to the project. So I'm wondering by way of this allocation area, is that forever or is that for X amount of time? Is it a specific period of time? Yeah, that's a great question. So allocation areas have a life of 25 years after an obligation has been issued. And so when we issue this forgivable loan obligation of the city, which is going to be funded partially from this new allocation area, that would trigger the 25 year life. So 25 year life from December this year when the forgivable loan is anticipated to close. So there's a phrase you use and this is probably Mr. Carson's question of possibly the mayor but I think Dennis. Because you used for give a balloon so I was going to ask how often do we actually forgive loans associated with these type of projects? This actually is the first time that we're using this type of instrument. Yeah, so typically we do a bond Right and so which is more much more typical on projects But this is actually much more to our advantage of doing a forgetable loan and Greg Balson on our financial advisor is here and I can explain that in more detail. But. So I'll just ask one of the small questions. So is it automatic? The way we're describing it, it automatically will be a forgiveable loan. There's some of the language said if X happens or whatever. So I was just curious. It doesn't affect me about supporting the project. Right. I just want to understand. This is the chosen financial instrument. We decided to support the project. Yeah. And so the loan is not automatically forgiven. It's only forgiven if milestones are satisfied. So the project is actually constructed to the specifications of the city and the terms in the loan agreement are satisfied. So attached to the loan agreement is a note that the borrower is gonna sign a green to repay any funds that are dispersed. And then once the milestones have been satisfied in the maturity date of December 31st, 2028, is met, then the loan would be forgiven. And then we'll also talk about this participation agreement on another resolution which deals with, if the project sold within an eight year period, the city would or this commission would receive a portion of the sale proceeds based on the calculation we included in that participation agreement. So I'm happy to talk more about that now or we can wait till we get to the third resolution. I'm at my allotted questions for this topic. Thank you. I appreciate it, really. So, first grinking. Greg, do you want to present financials for this resolution? Good morning, Commission members. Greg Balsano, Baker,Tillian Municipal Advisors, assist Mr. Carson in the city with various financial matters, including TIFF, and kind of financing related to that. So I handed out a brief couple page analysis before the meeting here that you should have with you. And we're just going to touch on that. So first I want to touch on the amendment of the TIFF and creating a new TIFF why that's happening. So this is currently existing within the crazy trees portion allocation area. That's where it sits currently. If we were to not touch that and leave that in there, it would expire in 2039. So we would have about 14 years or so from now to be able to collect and obviously it takes a few years for this project to get, to get Bill and start collecting money. So part of the reason for pulling it out and creating a new allocation area is getting that new 25 year life to be able to reimburse the redevelopment commission from the proceeds that it's giving out for this forgivable loan. So that's kind of related to the TIFF amendment. There was a tax impact statement that we prepared that was sent out to the overlapping tax units, inviting them to attend this meeting for the public hearing. So I did want to note that as well. Speaking on the loan itself and how this operates. So as Mr. Carson mentioned, a traditional financing that's normally done, that we've done historically here with the redevelopment commission for TIFF bonds is where we would go out a third party would provide money for the project and there would be an interest rate there would be other costs associated with that. Obviously for larger amounts that's a beneficial structure because you're able to leverage future dollars and do a larger amount today but obviously there are costs associated with doing a traditional financing. There's interest rate there is maybe even a debt service reserve where you're having to set funds aside to ensure that that will be paid back. That purchaser is going to charge a fee to buy those bonds. So there are costs associated. So when you're dealing with amounts that potentially could be funded with existing cash or cash in the short term, that's always something we want to look at to avoid having to deal with those kind of financing costs. So that's why we're looking at this structure here. Page two looks at the potential TIFF generated from this site. And so you're seeing that as we know the cost is approximately $19 million. We're looking at an assess value of maybe around 14.2 as kind of the illustration we did, which is about $284,000 in TIFF for the redeveloped commission. As a reminder, rental residential is capped at 2% of property taxes, which is why you'll see that circuit breaker amount there that with the rate being around 2.37 right now, the most they can pay is 2% of their gross AB. So as a reminder of kind of those caps that exist. The, you know, as I mentioned this loan, we'll talk about on the next page is about $2,000,000,000, with a not-to-excited $2.5 million, and it will be paid from existing cash, kind of cash coming in over the next handful of years. It is a three year forgivable loan paid over six semiannual payments. So there'll be a payment every six months for three years. And just to give you a sense of kind of how your tip has been doing, I know we come kind of every summer and talk about the annual tip updates. So the consolidated creasy area as a whole. Back in 2018, we were around 9.8 million of revenue collection. In 2023, that number was up to 13.8 million. And in 2024, we estimate that'll be north of 15 million. So very strong TIF collections that have been happening over the past few years. And that's, you're seeing increases from projects like this that have been happening and occurring within the TIF to be able to support various projects. As I mentioned, page three highlights how this forgivable loan is illustrated to be structured at the moment. Again, six payments, one every six months starting 8125 of about $345 to $350,000 a payment. And that totals that $2,080,000. And that nets to about $1.85 million in present value just looking at it as in today's kind of dollars just roughly. Lastly on page four that illustrates again over a roughly 25-year period what these TIF collections could look like so the TIF could total again in gross dollars about 6.2 to 6..3 million from this allocation area. And you're paying roughly 2.1 million in terms of with cost of issuance and with kind of the financing itself with that loan payments. So again, $6.2 million over a 25 year period and you're paying those other amounts over the first few years. So you're kind of recollecting that money over time into the TIF fund that is being dispersed. So again with that I'm happy to answer any questions about the loan and finances behind it. Questions we have to bring. I'll make a motion to approve resolution R3 2024-23. Second. It's been moved. Second. For the approval, resolution LCR 2024-23. All in favor. Aye. Hi. unanimous. Motion carried. Okay. So two more resolutions. The second resolution number LRC 2024-24 is an additional appropriation resolution. So this is authorizing the commission to use TIFF to fund the forgivable loan up to 2.5 million. But as Mr. Belsono mentioned, the anticipated amount is 2,080,000. Currently, plus the cost of issuance. So this forgivable loan will be funded through the unpledge TIFF on hand from the consolidated central allocation area and the consolidated creasy lane allocation area. And then there will be a pledge of the new TIFF that's anticipated to be generated from the Anvil 26 allocation area. And so again, this resolution is appropriating, allowing the commission to use up to 2.5 million to fund the forgible loan. I'm happy to answer any questions about the appropriation resolution. I move approval of LRC 2024-24 for the additional preparation. Second. The move is second. The approval of resolution LRC 2024-24. The additional approval of resolution LRC 2024-24. The additional approval of resolution LRC 2024-24. The additional approval of resolution LRC 2024-24. The additional approval of resolution LRC 2024-24. The additional approval of resolution LRC 2024-24. The additional approval of resolution LRC 2024-24. All in favor? All right. Madam, it's motion here. Thank you. The final resolution is resolution number LRC 2024-25. And so this is what is deemed as the TIFF authorization resolution and then the approval for the loan and pledge agreement. And so first this resolution of irrevocably pledges TIFF revenues on hand or to be on hand from the Anvil 26 allocation area. And then also authorizes this commission to use the TIF from the existing allocation areas, the consolidated central allocation area and the consolidated creasy lane allocation area. Again, to fund that forgivable loan in an amount not to exceed $2.5 million. This resolution also approves the forms of the loan agreement and the participation agreement and authorizes the officers of this commission to sign documents and take any other actions that are necessary or desirable to carry out the intent of this resolution and the financing for the Anvil 26 project. Under the loan agreement, as Mr. Balsano mentioned, the loan will be funded in six installments, nearly identical at $345,000. One certain milestones are satisfied or just certain dates. So the first three milestones have conditions for the draw. The first one six can be drawn, no sooner than August 1st, 2025, and following the Bar Wars acquisition of the project site and demolition of existing improvements, which my understanding has already occurred. The second installment will be no sooner than February 1st, 2026 and following the Barrowers certification that 50% of the construction has been completed. The third would be no sooner than August 1st, 2026 and following the Barrowers receipt of a final certificate of occupancy for the project from the city. And then the final three installments would be no sooner than February 1st, 2027, August 1st, 2027, and then February 1st, 2028. So again, six different installments with some having certain milestones that need to be satisfied, and the borrower would submit a request for draws on the loan, and then the note that's attached to the loan agreement would identify how much has been drawn as an obligation for the borrower to repay if it does not satisfy completing the project and the milestone, you know, the requirements and the loan agreement to obtain forgiveness. I mentioned each draw will be reflected on that series 2024 note. And then the loan would mature no sooner or no later than December 31, 2028. And at that time it would either be repaid or forgiven. As part of the loan there's also this participation agreement which I mentioned earlier. So this allows this commission to share to receive a repayment of the loan if the project is sold within eight years. And so the participation agreement lays out this concept of net sale proceeds, which is defined as the gross sale price minus the development cost, which the developer actually has to certify to the city saying this is how much was spent. And then there's a 10% profit on the development cost. So anything above that, the city would share proportionally and to repay the loan if the project is sold within an eight year period. There is a decreasing repayment provision. So if the project is sold in the first two years, it would be a hundred percent repayment of the two million eighty thousand If it's sold in years three and four then it'd be seventy five percent Years five and six fifty percent and then final two years would be twenty five percent of the loan amount So I'm happy to answer any questions about this resolution or the loan agreement or participation agreement I told you I was done but I do appreciate that dissipation agreement thing because I read that and it was interesting which is why it still was hard for me to understand the long was for Gippel. That's why so I appreciate that. Thank you very much. Happy. Motion historically we have had that dissipation feature on the bonds. I have not seen it on deals I've been involved with, but I think there has been at least one. We have been including in our most recent deals, we have been including similar participation agreements in them. We did not at the very beginning. Right. Right. But we have been because people have been selling out. No. Thank you. Thank you. We have been because people have been selling out. No. Thank you. Motion to approve resolution of Phil or C2024-25. Second. If we move the second, then we approve resolution LRC. 24 to ask25 resolution authorizing the use of different news and approving the form. All in favor. Hi. Hi. Gene Adams. Motion carry. All right. Our next item of new business is a request for reposal construction manager as construcer, construcer services for renovations to Lafayette Theatre. Do you know we've been working on quite some time in the Lafayette Theatre and we have a clear direction now for its renovation and restoration. So some of the next steps, one of the next steps is actually to solicit contractors actually do the renovation work. So this is what this RFP is for. I'm going to turn over to Jack and explain a few more details on it. Sure. The CMC process is one that we've used a few times quite successfully on renovation buildings or new building construction. Some of the values, it's an alternative procurement method and one of the main values of it is we are able to bring a contractor on early in the process while the project is still being designed to maximize value in engineering and get the contractor's input as the project is being designed and formalized the way that it will work. We will approve the issuance of the RFP today. Contractors will have until our next meeting to prepare and submit proposals, which will be opened next month. There will then be an evaluation team with the city to evaluate those proposals. You'll see in the RFP there are evaluation criteria and scoring proposals in there. And then once the evaluation committee makes their recommendation, it will come back to you guys again in November for actually selection of the contractor. Any questions? If not, Chair is open for motion. So move. Second. Move in second and we approve the request for proposals, the management, services, all in favor. It's unanimous motion here. All right next item of business with cord and Clark. It's Lafayette Theater Design Services Agreement. As you know, we've been working with cord and Clark on a schematic design for the Lafayette Theater and again, we have a clear directional on the red and the restoration of that now. So now we need to go into the construction document phase for that. Justin Sorber from Corden, Clark is here today and I'll have him come up and explain some more details. Hi. So we've talked about this a couple of times. So we've started down a path with the Lafayette Theatre where we've gotten our feet underneath this waschomatic design and we've brought in a group of consultants a long board for on our proposal to get to this point to really study the unique features of this project, the historic facade, the marquee, the conversion to a theatrical space for stage play, and as part of the services that we've performed, we've estimated a cost for the project. And now that we have done this, everyone's kind of agreed, we need to keep going. So the CMC procurement is part of that, but also we need to develop the really detailed drawings and specifications for all those features of the project. And that's the point that we are at now. We have all the same consultants on power to this team. So we're going to have a very rich group of people that are contributing to the design of this. And I think it's going to be a really exciting project. Questions do we have? Here you ask. What's been the most challenging part of it? I think the trying to figure out what the focus was was challenging during the planning process. And then once it was determined that we were going to kind of design it for stage play, trying to figure out how we put a fly space into the theater that was designed to show movies, figuring out how the levels were going to work because you have the stage level, you have the floor level and the existing floor in the theater if you're familiar with it as kind of teared. And those tears are really an overbuilt of the original rate floor. So the actual floor slab is sloped. Then trying to connect with the area in the 610 building that's being leased and the doors on the various areas on the outside. The levels have been the most challenging part, I think, of the entire project, I would say. But Justin, you mentioned the focus, more so of a stage, a theater type stage, is the sort of multipurpose area for youth theater still going to take place? Yes, that is the focus. So the design is considering civic as the artist in residence, the law fits it in theater and youth performances, I think the focus of what the space is being designed for. But the long center has been involved in all the design discussions because we want to make the space flexible for their use as well. So they're still going to have the ability to bring in comedy acts and small local bands and use the space for that purpose as well. I want to say similar to how they do now, but it's going to be a lot better than it is now in terms of not only the space itself, but the ability to accommodate those artists. So I know that we're not doing anything I presume with the exterior four walls or whatever number of walls there, maybe only three. But and I'm also presumed that the project timeline was probably described or developed by the architect. So there's seven months of construction time? There's seven months of continued design time, I think, for now six to seven months. The construction timeline, we're estimating an 18-month construction duration. Okay. I see construction starts July 1, 2025. I have substantial completion December 31, 2025. Oh. That is probably a typo. I assume that that's supposed to be 2026. Yes. OK. We will make sure we issue an agenda on the RFP to get that clear. I'm so curious. Yeah. No, those are good questions. I just spent 17 months. I don't know how this is going to happen. It's 7 months. I was really wondering. I'm feeling under attack. Again, not moving the four walls, it might be possible. That's why I'm scared. No, it's not. Most certainly not. All right, any further questions? No. Thank you. Thank you. I'd move approval of the AI document that is associated with the Lafayette Theatre Design Services Agreement with Corden Clark. Sorry. This is removed in a second. You're approval of the document, dealing with Lafayette Theatre Design Services Agreement. All in favor. All right. Fine. It's unanimous. Motion carried. All right. Our next item of business will Christopher Beak Burke engineering it's upper Elliott ditch phase one it's a amendment number one concerning land acquisition this is concerning we're looking to bring utilities to the what we call the steel property site for industrial development and we have Jenny Miller here from Christopher Burke and she can explain a little bit more details. Again, this is about the land act. I was just knowing that we need to end these events. Good morning, Jenny Miller with Christopher Burke Engineering. We have been working on this project for a while trying to extend utilities down Newcastle Road by old 350 south of the railroad if you're familiar with the steel property is it was to serve the development area of that property. There are three components of that water sewer and then stormwater and we've been working with the county surveyors office as far as relocating some of the regulated drains in there. So where to the point now we've got the design about 90% complete. And now we need to get some easements for the water sewer and drainage. We've been working with the property owner for the steel property. So some of these easements, some easements will be granted, others will be purchased. We have to answer any questions. some easements will be granted others will be purchased. What questions? I have to answer any questions. I don't have any. Not. Thank you very much. Thank you. Here's a more motion. Motion to approve. Phase one and then. Second. It's been moved in second. Now we approve the. Up really at ditch phase one. and second. Second. It's been moved in second and we approve the brilliant ditch phase one amendment plan acquisition. All in favor. Hi. Hi. I just have it motion carried. Our next item of business is HWC Engineering. This is Main Street Street Scape phase six, a denim number seven. This, as you know, we're continuing with the Main Street Street scape project, and this is going to be for the next phase that we're playing on bidding out next year. So this is to add to their contract for bid preparation services and utility coordination. And the amount of the change is 46,500, so we'll take their entire contract to 1,131,,500 so asking for your approval Hey questions Here's open for motion Second it's moving the second that we approve the main street Street scape project all in favor second. It's moved in second that we approve the main street street skate project all in favor. All right motion carries all been unanimous. All right. Our next item of business, Cliff Garten Studios. This is the bicentennial sculpture agreement. As you know next year 2025 is the bicentennial of the Suddilafia. We're very excited about that. So to mark that occasion we wanted to do something kind of lasting and permanent to show that. So we are commissioning a school public art sculpture. We went through a very rigorous process to select the artist. We had a committee of 20 folks across section of our community. James Foster was also part of that as well representing the commission and the community. We sent out request for qualifications to artists from locally, regionally, nationally, and even internationally. We received 24 responses back to look at their credentials and their past work. From that we narrowed it down to five artists that we sent a request for proposal to actually then submit the project representing Lafayette and the bicentennial from that one in particular stood out and that was Cliff Garden, Cliff Garden Studios for the bicentennial and his project that will represent the 200 years of Lafayette. So it's a pretty exciting project as you can see on your pack that I sent you. It's a stainless steel sculpture that will have represent using the Wabash River as the representation, as you know, that's a very important aspect of our community, is it very integral for the start of the community and also our future, particularly through the Wabash River enhancement corporation, as they have plans to develop the river. So we thought it was an appropriate representation of Lafayette and the bicentennial. Again, we'll have the, on the banks of the Wabash, which is the state song, the lyrics, the first chorus and first a verse of it, into the stainless steel of the project and also have the word Lafayette in there. And the word Lafayette itself will be made up of individual words that will go crowdsource from the community,ource from the community, the community, how they feel Lafayette's representative, what words represent Lafayette. So it'll be eternally lit, it'll be on the corner of ninth and south streets. Our goal is to have this fabricated and completed and installed by September of 2025 and coincide with the marquee to Lafayette's birthday as well too. So as you know, we've been budgeted for this project. The project is total is $500,000. We are looking to do an additional $50,000 of improvements in that area as well too, with some additional landscaping and some interpretive plaques and information that will be actually being the sidewalk and such. We will be fundraising for this project over the next nine months to raise the additional funds for it and such. So again asking for your consideration and approval for this contract with Liffgaard and studios. Happy to answer any questions. Questions do we have? Dennis, I think you probably just referred to the question that I was unclear about because there's a part in the contract under delivery and installation is the section. But it talks about three months for data and community outreach sort of information. Is that what you just referred to when you said you'd be interacting with the community and getting maybe some thoughts and or phrases from them? Correct. In the scope for where it says Lafayette. Yes. That's going to be made up of individual words that we're going to crowd source and get from the community. Okay. So that's the community outreach. Okay. Thank you. Further questions? I think that's it. Like to say, thanks for the privilege of my involvement as well. Sure. And it was very eye opening. And I appreciate the attention in it as well. And it was very eye opening and appreciate the attention and commitment to the quality. We really wanted a good representation for the community. So appreciate the commitment. Thank you. Chair's open for motion. Motion to approve the bicentennial school floor. Oh, sure. Agreement with the left-order studio. Second. the second removed and second that we approve the bicentennial sculpture agreement all in favor I I have it motion carry all right last item a new business here is the micro retail renewal lease agreement that's between the redevelopment commission and the lofty urban enterprise those chasing within the Horner block facade at 619 Columbia Street. As you know, it's part of the Public Safety Center. When we constructed that building, we also demolished the Horner block building, but we actually kept that, recreated that facade on the front of the side of the parking garage portion. And we've been using that as a retail incubator space for the past year, which has been very successful. We have two tenants in there. And the one is a pension pepper is getting ready to graduate and move on to a space in the downtown in the first quarter and next year. So we're really excited about that. And then we'll backfill that with a new tenant we hope. So again, the Lafayette Urban Enterprise Association is basically kind of managing this space on behalf of the commission and the city. So this is just a renewal of that lease for another year. Thank you. Good question. And was there a minimum or maximum, probably is the better way, amount of much that any of the tenants can stay in that space. Yes, we, one year is the maximum, but we were released from three to twelve months. And then the Lafayette Urban Enterprise Association, they determined the rent for the tenant or is it based on this dollar amount I see in this contract and this agreement. It's based on what you see in the agreement. Thank you. Okay. That's fine. Yeah. No, she's just curious. Yep. Thank you. Any further questions? Oh. If not, cheers open for motion. the motion. If not chairs open for motion. We approve the micr retail. The agreement. It's been moved in second. We approve the micr retail renewal. and motion carried. We're ready for a director's report. Well, we can't require quite a bit today. So in addition to that, I just want to say that the Third and Fourth Street conversion project is still moving along. We're very excited that the traffic polls are being delivered tomorrow. So that's a big milestone in the project that get those in and start putting it and erecting those polls. So work still continues right now. They're actually doing some of the repaving on that as well now, but the polls will start going up in the next few weeks and then the project should be completed by the end of October. Mm-hmm. All right. So happy answering the other questions you had. Wait a minute. No. Thank you, sir. Okay, thank you. Here are resource, can any comments for you? It's been a long meeting. Thank you very much. A lot of good things going on. So appreciate you. A lot of good things. All right. Claims is our next opportunity with the favorite for motion. If there's no questions concerning the claims of make a motion that wakes up, the claims totaling $3,290,571.94. Today, September 26, 2024. Second. We moved in second. Then we accept the claims presented for September 20, 2024. James, I have one. Mine of course. Sure. Sure. I don't want to get you. I'm sorry. I called vote. Okay. Mr. Carson, sorry. There's a vendor here. RQAW. Court. Are they local? I'm just curious who they are. They're, they're in their firm out of officials in Indiana. Yeah. Okay. I just curious. They're doing some work for his sort of preservation. Yes. Yes. Okay. Thank you. Sure. It's been moved approved. A move that we approved. September 24 claims all in favor. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye. Aye.