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PLAINFIELD REDEVELOPMENT COMMISSION

PLAINFIELD REDEVELOPMENT AUTHORITY

August 29, 2016

5:30 p.m.

Mr. Bassett: I will call the meeting of the Plainfield Redevelopment

Commission and the joint Redevelopment Authority meeting to order. August

29, 2016 5:30 p.m.

PLEDGE OF ALLEGIANCE

Mr. Bassett: We would like to stand for the Pledge of Allegiance.

CONSENT AGENDA

1. RDC: Approval of the minutes from the July 11, 2016 meeting.

2. RDA: Approval of the minutes from the May 2, 2016 meeting.

Mr. Bassett: First on the agenda we have the approval of minutes for the

Redevelopment Commission from the July 11, 2016 meeting. Did everyone get a

copy of those and get a chance to look at them? Any questions? If there are

no questions, motion for approval?

Mr. Kirchoff: So move.

Mr. Angle: Second.

Mr. Bassett: Motion and second, those in favor aye, those opposed, motion

carried.I guess with the Redevelopment Authority there will be a set of minutes for

May 2nd

Mr. Eichenberger: Yes, we have the minutes from the Redevelopment Authority

meeting of May 2, do you both have a copy? Any questions or corrections?

Mr. Himmelheber: No it looked fine to me, I move we approve the minutes of

May 2, 2016.

Mr. Bentley: Second.

Mr. Eichenberger: We have a motion and a second, all in favor say aye,

opposed, it is passed and back to you sir.

PUBLIC HEARING

Mr. Bassett: At this time we would like to open a meeting for a public

hearing. Proposed lease between Plainfield Redevelopment Authority as

lessor, and the Commission, as lessee regarding the issuance of bonds for a

fire station project in the Six Points TIF District.

Mr. Perona: Mr. Chairman you need to open that up and invite the public to

come forward so that if anybody has any discussion or objection to this lease

as noted in the Hendricks County Flyer, but we need to make sure that gets

open clearly and people have an opportunity to come forward if they want to

speak.

Mr. Bassett: My apologies. Do we have anyone with questions or comments?

The public hearing will now be closed.

OLD BUSINESS

Mr. Bassett: Do we have any old business?

NEW BUSINESS

Mr. Bassett: We will move onto new business.

1. Discussion of terms and transaction structure of the proposed

leasing arrangement between the Authority and the Commission.

Plainfield Redevelopment Commission 2-29-16 1

Plainfield Redevelopment Authority

Mr. Perona: Thank you. That is going to be regarding Fire Station 121,which I think we have talked to you all about in earlier meetings. The

reason we never done anything with it before is that we didn’t have property

yet. We now have the deed for that property so we are prepared to go forward

and that is what this is all about tonight. Tim I think is going to start bytalking a little bit about Fire Station 121?

Mr. Beicher: Very briefly. More really is just a reminder for everyonewhere the property is at and it has been a while since we have talked about

it. This is State Route 267 and Stanley Road, Stafford Road is up here just

to get your bearings a little bit. The site that we just purchased is 4

acres in this area right here. It includes what was a private road that we

would like to make public because we are going to put a public facilitythere, so in the acreage that we purchased this included that parcel, butthis is going to be the site that we intend to place the new Fire Station121. Fire Station 121 currently is under the water tower, it is the brown

building that is sitting there and it has been Fire Station 121 for years so

the goal of this whole program would be to repurpose that building and

possibly use that for a Police Department and substation and training

facility and things that they need. So the overall program was when this

project is successful we will move the Police into that building after

remodeling, so that is where it is headed. Again this is just the potential

site and just to remind you the 4 acres is more than they currently need for

Fire Station 121, so there is a possibility and I will come back to you with

more details later and this could affect the lease and things so we wouldn’t

do something to mess that up, but if we need to say 2 acres for the current

project it might be wise for the Town and RDC to decide to make that a 2

acre lot and a 1 % acre lot and if they want to have a bigger lot, just so

that in the future you decide to do something different with that other piece

of land it wouldn’t be incumbent by the lease that you have in front of you

that will go through this process on, it is just a strategy that maybe an

advantage but it may not be. At this point I wanted to mention it and you

will have more details of that if it were to actually occur. So right now

the idea of buying 4 was for the future growth at that location. If in 15 or

so years that may change the strategy might be a different so we are just

trying to be flexible in that regard. This is the actual survey just as

point of reference to give you some sense of a quite long site, the station

won’t take up that entire facility or that entire piece of land, but the Town

felt like that land is pretty scarce and that location is a pretty good

location so we want to give ourselves plenty of room for the future so it has

been acquired. I think that is all I had unless there are additional

questions on Fire Station 121, I just wanted to brief you and bring you back

up to speed.

Mr. Angle: You had mentioned potentially looking having those partials out

in different sizes, when do you think the best time for that would be?

Mr. Beicher: I think it needs to be done before this process of financing is

completed, so again we will have more readings I’m sure as the process goes

forward, but what we do with these kind of commercial lots we create what is

called an incremental plating process, so you can literally draw the line at

any particular point and time when you determine what the footprint of the

building is and then we can set that line if you so wish and make it a 2 or

a 2.7 acres that kind of remainder depends on the lot. But we want to make

sure our zone matters are all taken care of and that kind of thing too.

Mr. Angle: Sounds good.

Mr. Bassett: Would the empty portion of the lot, Mr. Beicher, be on the

south end?

Mr. Belcher: Yes, we are going to build from the day care center, we have

talked to them already so they know the Fire Station is going to be next

door, so that would be the idea to leave the southern end open at this point.

The only other thing that is good about this site if you are not aware it

already has water, sewer, the road is bigger, the drains. There is not as

much to develop as there was on the Moon Road site in terms of bare ground

site and this one is a little bit more developed already so we get started

quicker when we get to that point and time. Thank you.

Mr. Perona: Now I am going to ask Andy Kleiman from Benesch to come forward

and talk to you about the leasing arrangements.

Mr. Kleiman: Thank you and good afternoon. The structure that we are using

for the lease between the Redevelopment Authority and Redevelopment

Commission is very similar to what we used a lot last year, I know a lot of



You went through, so I won’t bore you with the details. The bonds we did

last year mainly dealt with infrastructure, roads, utilities, this obviously

deals with the Fire Station project main constructed. It really doesn’t

change the terms of the lease. I am more than happy to answer any questions.

Mr. Angle to answer your question as Tim said we will be coming back to you

guys after the bonds are sold, because after the bonds are sold we will know

exactly what the lease payments need to be. So what you are approving today

is a maximum lease payment. I will be coming back to you with an addendum to

that lease, which will be tied to the actual cost from the sale of the bonds

and at that time we would come back to you and say something on the four

acres, the lease right now does cover the entire four acres, but when we do

that amendment to the lease we can say we are going to mend the lease

premises to be the 2.5 acres or the 2.7 whatever it ends up to be. So that is

when we would do that but it would be before everything is finalized. So I

would be happy to answer any questions with respect to the lease.

Mr. Angle: It looks simIlar to the ones that we’ve done in the past, so at

this point I don’t have any questions.

Mr. Perona: Now I am going to ask our friends from Umbaugh to come forward

and talk about the bonds.

Ms. Amspaugh: Hello all, thank you for having us here. I do want to

introduce one of our new staff members a new hire, Tyler Roster from Umbaugh.

So he is now going to be working alongside of us and we thought it would be a

good meeting for him to attend. So thank you for having us. Emma is passing

out a set of numbers that also will look very familiar in set up to past

feasibilities that we have handed out and that there is an estimated scenario

which is the numbers we are anticipating the bond issue interest rates and

such will look like, then there is a maximum scenario. The maximum scenario

was put together with higher interest rates so that we could put numbers in

the legal document. So the maximum scenario was put together merely to set

the perimeters that are in the lease document that you guys just looked at.

So with this if you want to go ahead and turn to page 3. So the net

available proceeds number is again a number of available proceeds that can

actually be used and spent on the project, so the new Fire Station 121 is the

8.8 million number and then a $200,000 contingency number if needed. Tim can

talk about any increase in project cost if needed, if you guys have any

questions about that but based on some historical or recent interactions with

the headquarters building, construction costs have gone up for more than they

have in the past, which to me is a good thing because that means hopefully

the economy is coming back but that is why the numbers have increased

slightly from where they were in prior numbers that you guys have seen. So

the total project costs for this project is slightly over the 9,140,000.00.

Capitalized interest is the interest due during the term of construction

because this is a leased structure which you guys have dealt with in the

past, you cannot pay interest during construction so there are monies that

are set aside in the beginning of the deal to pay interest during that time

period, so the capitalized interest will be an 18 month construction period

with the first principal payment on February 19. We also have to include a

debt service reserve as we have on past deals as well that is equal to

maximum annual debt services which is what Standard Empowers who will be

rating this deal, if it goes forward we will require on this, again it is how

all four leases we did last year were set up and were required. We also have

an allowance there for a 1% underwriters discount, again that is the payment

to the underwriter we are working with take the bonds and to sell them out in

the secondary market. Then the cost of issuance pays for bond counsel, local

counsel, our fee, S&P rating, official statement printing and so forth. So

those are the project costs, the funding would be a bond issue of right over

9 million dollars and then funds on hand. When we talked about this deal

probably a year ago we had put some Six Points TIF cash on hand towards this

project, so we have kept that in this deal for now to reduce the size of this

size of the bond issue. So we are expecting to use cash of about 1.8 million

a total 1.4 will be put towards the project and then the other 400,000.00 is

used to fund the debt service reserve up to that maximum annual debt service

that is going to be required by S&P to be at that 8.8 million dollar number

that will be used out of your Six Points TIF Fund. These bonds we are

assuming will be paid from the Six Points TIF, with a property tax backup on

it. Again similar to the other leases that you did last year. Just one

thing to mention and Tim can add on if needed too. Because we or Tim had

taken this deal to the school corporation already, if you guys decide to move

down this path this evening then we will have to go back to the school

corporation and let them know that the cost of the projects have increased to

these numbers just so they are on the same page and informed.



Mr. Beicher: I will fill you in on some of the costs that we have seen onthe first phase and where we adjusted the prices here on the estimated and

maximums here. Maybe start where we just left off, the agreement with theschools is to go and get projects approved, and of course they approved theproject, the Fire Station project, but also within our agreement there is anumber that we fix, the number that is fixed in the agreement now is

$9,519,525.00. So between the Town, RDC, and the school that is what we have

agreed we would spend maximum without going back and asking that to bechanged. That is where the number is now. Now the Town has many optionsabout if there is a gap in that number and a higher number, how that is

funded it could be through other funds from the Town, it could be going back

to the school and asking for funds to come from the district, so there is

other options available. The first option we are looking at is to try and

control our cost, we are trying to bring our cost down, we are looking at our

scope of projects and we are doing a lot of things within our overall program

of our Fire Station and our Public Safety Project, not just this project butmany other projects and funding sources that are coming into this program.

So we are looking at all the projects across the board seeing if we can find

dollars to bring the costs down and keep the whole thing in budget. So that

is our first goal. We thought it was wise to make sure right up front this

was an option if we have no other possibilities if it is true construction

costs have just risen and the economy is heating up and that is what we think

might have happened because what we have done here is take project costs from

the actual projects going on now, HQ and 122 and applied them to 121 with a

10% increase factor, because this could be next year before we are

constructing. So we are trying to anticipate that prices have gone up and

may continue to go up and I guess be conservative at this stage with the

budgeting process with you folks. So as much as we tried to do that before

we didn’t have the design this far along, we didn’t have the benefit of

having these projects actually priced from an actual contractor and actually

being built. So again we are doing everything we can to bring this whole

program to where we initially proposed it to you but we are facing the facts

of some of the realities of the economy right now and we will do our best to

keep the whole program in budget but right now we felt it was wise to explain

to you in this current advertising and things we’ve reached out to the

maximums in cash and bonding capacity. Rather than having them low and then

come back later and then you really almost can’t change things at that point

if you go too far in the process. So there is a difference of I think around

1.2 or 1.4, I haven’t gone through all of them in detail but that much

additional than what you saw in the previous presentation. So that is where

we are at but that is what I wanted to get in front of you tonight.

Mr. Eichenberger: Tim how comfortable are you on the 8.8 million right now?

The contingency of 200 seems a little light to me from what I am used to.

Mr. Belcher: If there wasn’t already a 10% fact we took the pricing from

Moon Road and added 10% to get to the 8 so there is already some built in

contingency, I agree with you but we have already built some in the 8.8.

Mr. Angle: So you had mentioned this 8.8 is kind of modeled after 2 projects

that are underway, the first goal would be to see cost savings to try to come

up with a short goal. What has been your experience with the other two

projects in cost savings?

Mr. Belcher: Well the HQ and 122 is currently under construction and we had

not had enough experience yet to see that. On the first phase that is

complete, the 9-1-1 center. We saw a significant savings because it is an

open book pricing project and the contractor and the Town worked together

trying to find methods of saving. I think on a 2.5 million dollar project we

came in about 3-500,000 under, we are still getting the numbers together and

hopefully more, but again that is a remodel project as opposed to new, it is

probably a little bit more, we are almost out of the ground on Moon Road and

that is going to be a good thing, we will have some real numbers to compare

what they thought it would cost to get out of the ground and what it actually

cost, so I think again the contractor who puts what we have a guaranteed

maximum pricing contract. So they are on the hook for the pricing they gave

us and that is what really the price is based on, so it is on the

conservative side. But again we are looking at all avenues to try to get

these things back into budget and hopefully we can get the entire program

back in the budget. We are early and things are at least looking good for

the project phase we have done.

Ms. Amspaugh: In comparison to page 3 the numbers that are in the legal

documents that are proposed in front you tonight, the maximum par amount is

9.2 million which the par amount is the principal amount on the bonds with

the maximum project cost of 11.2 million. The term on this bond if you want



to fljp to page 4. The term or life of this bond issue currently is

Structured at a 10 year term, the bond documents allow for a is year term, so

the Redeveiopmet Commis0 or whoever decides to lengthen that to

reduce the paents on annual basis, they have the oPPortunity to do so, the

TIF area expires in February of 2033, so that is year would max out the life

of the TIF area. These numbers do anticipate a io year term so unless

something changes this is Probably what we are going to go out With, but

again we wanted to allow in legal documents a little bit of flexibility if

costs came in higher for some reason So on page 4 you will see the paent

schedule or the amortization schedule for that bond issue amortized again

over the 10 year period and the legal documents that are in front of you

tonight we have allowed for a 7 year call provision meaning after 7 year

period you have the oPPortunity to pay off these bonds. Because it is a

short term and in our eyes of a io year term, 7 years is nice to have that in

there and we think that we can get the deal done with 7 year call provision

So if the cash was available to pay it of f at that Point you could You can

see the true interest cost or the interest cost over the life of the bond

issue is a 2.41%, 50 you can see the market premium bonds is still extremely

low and we have been continually watching the market and it doesn’t show any

signs of going up, maybe down. So we feel comfortable with that 2.4% over

the life of the bonds If you go to page 5, 5 is what we call our comparison

page, you can see on the left hand side the estimated tax increment that is

estimated to be generat from the Six Points TIF area. We have assumed the

100 million of assessed value will be passed through every year, so that

assumption is in that number as it is footnoted and as you are currently

Passing through in this TIF area. The outstanding obligatj05 payabi from

Six Points TIF are the 2003 TIF bonds, the 2003 EDC bonds, the school

transportation paents which is the lease rental paents on the school

transportation building and then these proposed 2016 leased rentals for the

combined obligat05 total, leaving you the estimated remaining tax increment

after all of the bonds are paid of about 3 million up to about 4.5 million.

As you know through the TIF annual report process that we work through there

is an extremely detailed cash flow schedule to spend down those monies each

year, this schedule does not show all of those planned developments but when

we come back to you to present the TIF annual report we will remind you of

all the plans you guys have for this TIF area. So you can see out to the far

right hand side there is Plenty of debt service coverage for this bond issue.

Page 6 and thereafter show you the exact same schedules but again the

maximums is which what we came up with the bond terms. We increased the

interest rates and increased the bond issue to get you to the maximums. I

the prior schedulescan walk you through them if you want, but it is exactly the same set up as

Mr. Eichenberger So that is an increase of 2.93 versus the other one so

that is the difference 2.4 versus 2.9 for the max case?

Ms. Amspaugh: Yes. We are at 2.4% estimated where we anticipate being and

then our maximum basis on 2.9% Page 9 is a detail of the TIF estimate for

this TIF area actually page 9 and io. The detail behind the TIF calculation,

again we do have the 100 million of assessed value being passed through each

year, we also have an estimate in there for Pending appeals within the TIF

area, so again could be a conservative number in this TIF estimate. The last

year in pay is we saw a large increase in assessed values fl industrial

building so we are being conservative just to see how that turns out.

Mr. Bennett: Heidi that deadline has passed for appeals, has it not?

Ms. Amspaugh: For Pay 16?

Mr. Bennett: Yes.

Ms. Amspaugh: Yes.

Mr. Bennett: So how would we find out the number that is Pending right now

as far as appeals?

Ms. Amspaugh: Inaudible not in microphone 5:55:14

Mr. Bennett: By TIF or just...

Ms. Amspaugh: So they have a one long list of appeals and we’ve gotten them

help.to sort through which ones are in the TIF and which ones are not for us to

Mr. Bassett: The new assessments are just now coming out again for ‘17.

Plainfield RedevelopCommission 8-2916 5

Plainfield RedevelopAuthority

Ms. Amspaugh: Yes so pay 17 is out and we have done the TIF neutralizationcalculation for all of your TIF areas and given those back to them, we areworking through finalizing the implementation of the notarization factorstill with them, so they won’t certify assessed values for probably anotherweek.

Mr. Bassett: The preliminary look is that it looks like they were trendingup for next year, aren’t they?

Ms. Amspaugh: Inaudible 5:56:04. Then page 11 shows you the historical TIFcollections for the Six Points TIF area. 2016 we just have the springcollections within the Six Points TIF area, so it should be up from where itwas in 15. So 16 just shows half the year for right now. Are there anyquestions anybody has or need detail you would like for me to walk through

Mr. Angle: No, I don’t think so.

Ms. Amspaugh: Thanks.

Mr. Perona: If there are no further questions on that we are going to askwhen you get to the resolution section that you would pass Resolution No.2016-08 from the RDC and from the RDA 2016-01 to approve those leasing

arrangements. Are you ready to go onto the next part of the agenda?

Mr. Bassett: Yes.

2. Discussion of the need for the new Kiondike TIF District.

Mr. Perona: So we are going to talk next about the need for the Klondike TIFarea and to do that I am going to ask Tim to come back and talk to you a

little bit about where that is and what we are looking at.

Mr. Belcher: The proposed Klondike TIF area is roughly at the corner of

Ronald Reagan Parkway North, this is US 40, Ronald Reagan Parkway, and 200

South. This is the Ailpoints Business Park and this is Sealy, Regal Beloit

and Adesa Auto Auction is probably the most recognizable thing. The Klondike

TIF area is really hard to see with this projector, but this is the area that

we are considering and requesting to become a TIF. The one goal of that is

essentially construct a road we are currently calling Klondike Road because

we think that is the best name that we could come up with. It is sort odd to

try and come up with road names but that one seems to have at least some

uniqueness about that there is a pond there called Klondike Pond, is where it

came from. So the idea of this road would stretch from AirTech north to US

40 at the intersection of Adesa traffic signal is already there then go north

along the eastern edge of Adesa or the western edge of Medallion Meadows and

come up to 200. But the Klondike area proposed is to build this building as

its first building and it sets right on where this road would be constructed.

It is necessary really for that building to function so we think that that is

a mechanism to get this road built was to establish a TIF with the value of

this building and its developer to allow that to happen and that is what we

are working on now. There are also other improvements that are showing in

this plan, this is a bigger area plan that needs some infrastructure over the

coming years, but it would be the initial funding would be looking at this

roadway section and trying to accomplish part of that, certainly the part

that we need to service this first building the other potential improvements

that could occur in this area is the connection is that likely in this

neighborhood to get them another access out of this area. As we have all

seen this intersection is getting busier and busier and the ability to get

out of this intersection this neighborhood is very difficult. So we’ve had

in our plan for some time the idea of making a connection into that

neighborhood to allow better access to a traffic signal and get people out of

there a better safer way. There are some sewer systems that currently drain

along 200 to the east along Marion County it is downhill. There I a pump

station here then picks up that flow and pumps down to this area. We would

like to upgrade that up to a gravity sewer system, so this green line

reflects a future gravity sewer we would like to construct it the TIF could

possibly fund some of that, we have some of this on another TIF district, so

we would hope that again because this Klondike area is serviced by the same

line that it be a sharing partner in the funding of that project. There is

some storm drainage around this intersection, it is a little harder to see

what is going on down there, you have to look a little bit closer but there

is some problematic areas with drainage that would be pretty difficult to

develop this parcel without those being overcome. So to a certain degree

that the developer will fund that that is part of our negotiations with the

developers, but at some point there is a financial equation where they can’t

make their building work so we are trying to find that happy medium there



between what is the right amount for the Town to be involved and this TIF to

be involved and what the developer should pay. I do know that there are some

drainage issues in this area and without being solved that we wouldn’t want

the project to happen and it is a substantial amount of storm drainage water,

not just a small thing that the developer would normally take care of without

a complaint. So those are the improvements of the area and again the idea

being we would like to establish this district that is not in any other

district right now, the other thing about the district that already exists

over the Alipoints area and this goes back into some of our prior agreements

with the developer there, all the way back to the pre-annexation agreement

with 900 acres, there were a certain list of projects that are in our TIF

timeline that you all approved but they have a certain priority and as that

district is growing the dollars are being set aside for those projects or

bonded against to build those projects and that was the agreement with this

developer. This particular road is a little further down the priority list,

so it can’t really utilize the funds out of that district without opening

that agreement again and the likelihood of one developer giving up priority

for another developer is really low. We are all chasing the same tenants and

things so we see this as a great benefit not just to this project but

obviously to the whole area. The Fire Station down here, currently has a

longer route to get to 40 where a lot of the calls are. We think this

provides a public safety benefit. All the employees of these buildings that

go in and out to go places where they are going to lunch or to and from work,

we think this provides that greater public benefit there and certainly the

benefit of this potential project which I think without this road I am not

sure this project is not workable for us, we like the idea of having another

way out of here other than just Ronald Reagan, so that is the TIF plan in the

nut shell basically and I will be glad to answer your questions if you have

any.

Mr. Angle: So just this road project do you have an estimated dollar?

Mr. Belcher: We think that this entire project could be similar to 7-8

million dollars, right of way and everything included.

Mr. Angle: The land that we need.

Mr. Belcher: The land that we need, we need land from Adesa, we would need

to purchase a home hopefully from a willing seller in this neighborhood.

We’ve already had some contacts about that to see if there is interest.

These are a lot of these storm sewer would be in easements that already exist

but that would be all inclusive.

Mr. Angle: All including the storm?

Mr. Belcher: I’m sorry I misunderstood, you are right. The road itself is

about 7-7 , that is probably the only thing that, well 4 I think is the

north half the most expensive part is the northern piece. It could be that

this is the first phase just the north piece.

Mr. Kirchoff: I can tell you we’ve worked with Medallion Meadows community

there and we are telling them we are going to do our best to provide better

access out of that community, so that is why this is a real priority for us

as well, it is a community that needs to have better access.

Mr. Bassett: Okay.

3. Introduction of new tax abatement requests.

Mr. Bassett: Mr. Perona number 3, the introduction of new tax abatement

request, do we have any other?

Mr. Perona: I just want to before we move on I want to make sure that you

guys are comfortable with the establishment of that TIF district, if you are

we are going to ask that you under resolutions that you pass Resolution No.

RDC-20l6-09 will need a declaratory for this TIF district, it would then go

to the Plan Commission for their approval for their approval and then the

Town Council for their approval and then we would come back to you in the

future and ask you to pass the confirmatory for this TIF district. I just

want to make sure that you all understood and agreed with that process.

Mr. Bassett: Mr. Perona number 3, the introduction of new tax abatement

request, do we have any other?

Mr. Perona: Yes we do have 2 other things to note here. We’ve got an

abatement request from Ambrose which is the developer in that Klondike TIF



District. They are in a hurry to get that and so we wanted to establish the

Klondike TIF before we actually move forward with the tax abatement. They

are proposing to build a building that is 24.5 million dollars in that

building 1 that you see there. There is room for a building 2 and they’ve

got some ideas on that but right now they are just asking for an abatement on

building 1, again that is 24.5 million dollar building, so we are asking that

you guys grant that. The second one is for Becknell Development is building,

Stafford Road is across the top here and then Quaker Boulevard you see it

across the side there, so this is the last of those warehouse areas that is

between Quaker and Perry Road it is the last one. Becknell is proposing to

build a 337 thousand square foot building there and the project cost on that

is 14 million dollars and they are requesting abatement for that and they

would appreciate your consideration of that. Do you have any questions about

those? If there are no questions then we would ask that when you get to the

Resolutions that you would please approve RDC-2016-06 for Ambrose and 2016-07

for the Becknell Development.

Mr. Bassett: Thank you Mr. Perona. Do we have any other new business?

RESOLUTIONS

Mr. Bassett: We will move onto the Resolutions. The first Resolution No.

RDC 2016-08- A Resolution of Town of Plainfield Redevelopment Commission

Approving a Lease with the Plainfield Redevelopment Authority Relating to

Certain Public Improvements in or Serving the Six Points Economic Development

Area and Other Matters (Fire Station 121 Project)

Mr. Angle: Move to approve.

Mr. McPhail: Second.

Mr. Bassett: Motion to approve and second, all in favor, opposed, motion

carried. Second Resolution will be for the Redevelopment Authority.

Mr. Eichenberger: Thank you. We have for consideration Resolution No. RDA

2016-01- A Resolution of the Town of Plainfield Redevelopment Authority

Approving a Proposed Lease for Certain Land and Public Improvements between

the Town of Plainfield Redevelopment Authority, As Lessor and the Town of

Plainfield Redevelopment Commission, As Lessee, and Other Related Matters.

Gentlemen, any thoughts or comments?

Mr. Himmelheber: I think we pretty well covered everything. I move that we

approve Resolution 2016-01.

Mr. Bentley: Second.

Mr. Eichenberger: All in favor, aye, opposed, Resolution is passed, back to

you Mr. Bassett.

Mr. Bassett: Resolution No. RDC-2016-09- the Declaratory Resolution Regarding

the Creation of the Klondike TIF District.

Mr. Kirchoff: So move.

Mr. Angle: Second.

Mr. Bassett: We have a motion and a second to any discussion? All those in

favor, aye, those opposed, motion carried. Next on the agenda is Resolution

No. RDC-20l6-16- A Resolution Approving of Real Property Tax Abatement

Application- Ambrose Industrial, LLC building one.

Mr. McPhail: Move to approve.

Ms. Andres: Second.

Mr. Bassett: We have a motion and a second any discussion? Those in favor,

aye, those opposed, motion carried. Next Resolution No. RDC 2016-07- A

Resolution Approving of Real Property Tax Abatement Application- Becknell

Industrial LLC (Six Points District)

Mr. McPhail: Move for approval.

Mr. Kirchoff: Second.



Mr. Bassett: We have a motion for approval and second. Those in favor,those opposed, motion carried.

WISHES TO BE HEARD

Mr. Bassett: Do we have any wishes to be heard at this time?

Mr. Bennett: Mr. Bassett I would remind the members of the RDA and the RDCwe have several documents to sign, please don’t leave the building.

NEXT REGULARLY SCHEDULED RDC MEETING

Mr. Bassett: We have the next scheduled RDC meeting tentatively set forOctober 3rd at 5:30.

Mr. Perona: I was just reminded by Mr. Kleiman that I didn’t look at theschedule very carefully and I need you guys meet on Monday September the l9I

to keep this moving along. So I apologize for misreading the schedule.

Mr. Kirchoff: What day?

Mr. Perona: That is a Monday September it is the third Monday. Well atthe moment there is a budget work session scheduled, I think that is notgoing to happen.

Mr. Klinger: That is just for the RDC.

Mr. Bassett: We had set the 12t1T the previous meeting and then this onetrumped the 12th

Mr. Perona: Can we keep the or is that too early? Let’s do it this way,if the budget meeting on the 19th does take place we will schedule an RDCmeeting, a brief RDC meeting ahead of that.

Mr. Bennett: We have both the Klondike TIF timetable and the bond timetablewe are trying, do we need a little more time tonight to figure it out and getback with people tomorrow?

Mr. Perona: I think we are good, I think the Klondike we don’t need the RDC

to meet until October 3, but for the bonds we need the RDC to meet on

September 19th and what I would like to recommend is that we don’t think that

we are going to need that budget work session on the 19th so let’s go ahead

and double book and if we do actually do need the budget meeting we could

have the RDC meeting ahead of that.

Mr. Kirchoff: As of right now it is 5:00.

Mr. Bassett: You are thinking the 19th and then you are already booking the

next one after that was that what October.

Mr. Kirchoff: So the is out?

Mr. Perona: The 12di is out.

Mr. Bassett: So the first one is the 19th and the second one is October 3

will be the next meeting. There is a chance that I will not be here on the

l9’. October 3rd is okay.

Mr. Perona: 5:30.

Ms. Andres: What time on the l9th? I wasn’t clear are we meeting at 4:30 to

get ahead of the budget meeting or 5:30?

Mr. Perona: I think 5 is what we were thinking then we would have the budget

meeting start at 5:30 if we have a budget meeting.

Mr. Perona: If there is no budget meeting perhaps we could start it at 5:30.

Mr. Angle: I will keep that trust in your scheduling ability and

communication.

Mr. Eichenberger: Just to help you I have a similar challenging opportunity

trying to get back from downtown, so I concur.



Mr. Perona: So noted. The RDA is scheduled to meet, not to be forgotten.The RDA is scheduled to meet on September at 5:30. Will that work.Thank you all.

Mr. Bassett: Do we have any other business?

Mr. McPhail: I would move for adjournment.

Mr. Kirchof ft Second.

Mr. Bassett: Motion and a second, all in favor, those opposed, motioncarried, and meeting adjourned.

n,ssett, RDC President

tven Eichenberer1)ADA President

1n Himmelheber, RDA Secretary

Plainfield Redevelopment Commission 8-29-16

Plaint ield Redevelopment Authority

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