HomeMy Public PortalAbout10/17/1995 specialCity of Greencastle !%
City Hall
®
Four --
East Walnut Street -- q Don Weaver, Clerk- Treasurer
Greencastle, indiana 46135
GREENCASTLE CONINION COUNCIL
Special Session
October 17, 1995
The Greencastle Common Council met in special session on Tuesday October 17 1995, at
4:30 pm. at the Street Department Facility. On the Roll Call, the following were found to be
present: Councilor Hammer, Councilor Miles, Councilor Nlurrav, Councilor Roach and Councilor
Rokicki. Also present were City Engineer Chris Barnes, Bill Dorv, Director of the Greencastle/
Putnam Countv Development Center, and John Seever, partner in the accounting firm of H. J.
Umbaugh and Associates.
There were no Public Petitions or Comments.
Mayor Harmless introduced Mr. John Seever. CPA.
General Discussion of the Airport Project
® Mr. Bill Dory began the airport discussion by describing expansion of the Putnam County
Airport as an integral pan of the Crown Equipment Corporation incentive package. Councilor
Roach asked why a sewer line on Capital Drive is included in the package, but nothing for Ballard
Lane. Mr. Dory, Citv Engineer Barnes and Mayor Harmless all responded with the generai point:
Ballard Lane could be done in conjunction with future industries developing there.
Dr. Jim Johnson, chair of the Board of Airport Commissioners arrived at!:40 pm.
Two specific points made by the Mavor were: "State government will continue to he
involved in development." and "Connecting Capital Drive to County Road 250 E (Edgewood Lake
Road) is consistent with Plannine %Zoning requirements for developers."
Specifics of the Airport Expansion
Specifics regarding the proposed airport development were discussed: Bill Dory said, "Since
a cross runway is a very small possibility, increasing the width of the main runway_ (from 60 feet to
100 feet) will provide a much LTeater margin of saferv." Chris Barnes said, "This expansion makes
a future Instrument Landing System (ILS) possible and keeps the airport in compliance with FAA
standards." Mr. Barnes also commented, "A 'partial taxiway is included in the 51.14 Million
proposal: this would not meet reliever airport requirements." Dr. Johnson added. "The full parallel
taxiway will still be desired in the future." Councilor Roach asked. "Is the reliever possibility still
being pursued ?" Mayor Harmless answered. "With the current climate of CountyiCity cooperation,
® that may not be what we want to do." Council President Sue Murray agreed with the'Vlavor's
sentiment. Councilor Roach commented, "The fact remains that the airport will cost some entity
580.000 to 5100,000 per year in operating funds.
® Options in the Package
Referring to the "Project Funding Opportunities" list, Councilor Tom Roach said, "I think
the Capital Drive improvements and the Fire Station should be interchanged." Councilor Murray
commented, "Remember that staffmg and equipping will be a problem, especially with uncertainties
of re- assessment.
At this point Councilor Rokicki left the meeting due to a prior commitment_
After a few more minutes of discussion of prionties, John Seever began his presentation by
stating, "We have 75 days to meet the commitment to Crown -- to get something going by December
31st." Mr. Dory concluded the discussion of options by "re- emphasizing the value of the Capital
Drive improvements to 'sell' the 36 acres to (one or more) good, high -tech companies."
Conclusion
Mr. Seever presented and discussed his ten page hand -out captioned "Greencastle (Indiana)
Redevelopment Commission." "The intent is to capture the increment from Crown development
and the most recent Wal -Mart Distribution expansion," he said. He reminded Council again that
the immediate goals by December 31, 1995 are (1) to design and bid the airport improvements, and
(2) to close on the TIF bonds that will finance the project. Mr. Dory pointed out that after the TIT
allocation area has been reduced, there will be approximately 54 parcels whose tax increment will
be tracked. By consensus. Council directed Mr. Seever to prepare two sets of financial projections:
The first for a maximum of 52.0 million over approximately 13 years, and the second for a
maximum of 52.3 million over approximately ! 5 years. NU. Seever will provide Council with these
revised numbers at its October 24th special session.
With no further business, on a motion by Councilor Hammer and seconded by Councilor
Miles, the meeting adjourned at 7:01 pm.
Michael M. Harmless, Mayor
ATTEST: � it
(firs �
Donald L�Weaver. Clerk- Treasurer
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