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Home My Public Portal About019-2014 - Authorizing funds - local match - construction inspection services - Starr-Gennett and Veteran's Park areaRICHMOND REDEVELOPMENT COMMISSION RESOLUTION NO. 19 -2014 A RESOLUTION AUTHORIZING THE EXPENDITURE OF FUNDS ( "LOCAL MATCH FOR CONSTRUCTION INSPECTION SERVICES FOR THE REDEVELOPMENT PROJECT IN STARR - GENNETT AREA AND VETERAN'S PARK ") WHEREAS, the City of Richmond Redevelopment Commission (hereinafter "Commission ") has previously adopted a Declaratory Resolution, which has been amended, thereby establishing a Redevelopment Plan by which certain projects may be funded with excess Tax Increment Financing ( "TIF ") revenue; and WHEREAS, pursuant to I.C. 36- 7 -14 -39 such excess revenues may be used for the purposes described therein, and WHEREAS, pursuant to the above actions, the amended project list includes improvements to Whitewater Valley Gorge and Starr - Gennett Area; and WHEREAS, the City of Richmond was awarded a $3,000,000 Line Item Appropriations Grant being administered by the Indiana Department of Transportation; and WHEREAS, the INDOT grant requires local matching funds of 20% of the total project costs; and WHEREAS, the City of Richmond wishes to move forward with bidding of the project which first requires commitment of funds for construction inspection services. NOW, THEREFORE, BE IT RESOLVED by the Richmond Redevelopment Commission, that such Commission hereby approves and agrees to reimburse the City of Richmond and /or pay for necessary expenditures incurred for 20% of the costs for construction inspection services for the redevelopment of the Starr - Gennett Area and Veteran's Park. Such funding shall be paid from excess TIF revenues received during the year 2014 and placed into the allocation fund, all of which is allowed pursuant to the TIF Redevelopment Plan of 1989, as amended, previously adopted by the Commission. BE IT FURTHER RESOLVED that the above reimbursement and /or expenditures shall not exceed $60,000 or the allowable excess amount following the Resolution 19 -2014 retention of all necessary funds for the reserve regarding the 2014 payments for Bond principal and interest payments. THIS RESOLUTION IS ADOPTED this I() day of-��eA , 2014 RICHMOND REDEVELOPMENT COMMISSION am :, an : M, Lt-e") && - Li "&L am Resolution 19 -2014 ,4 TXMO EAT r INDIA' City of Richmond Redevelopment Commission APPLICATION FOR REDEVELOPMENT COMMISSION (TIF or CTP) FUNDING Applicant Information Date: November 18, 2014 Name: Tony Foster/ Bill Thistlethwaite Name of Organization: City of Richmond Address: 50N. 5'h Street Email Address: tfosternrichmondindiana.Uov & billt,d�richmondindiana.�,ov Phone: 983 -7211 / 983 -7276 Fax: 962 -7024 Is this a non -profit organization: X YES NO Project Information Project Location: Amount of Request: Loan or Grant: Duration of Funding: X One -Time Multi- Period Source of Funding requested: X TIF CTP Construction Inspection Services for Starr - Gennett /Veteran's Park Redevelopment Project (20% Grant Match) $60,000 - Other (Explain): Duration: Page 1 of 4 Other sources of financing secured by the applicant (describe): S60, 000 Requested from RDC S240, 000 Provided by INDOT Level of financial participation by applicant for the project (describe): S240,000 to be provided via INDOT Line -Itein Appropriation Grant secured by former Congressman Mike Pence. Project Details Purpose (Explain the project and attach drawings or plans if applicable): This funding request is for 20% matching funds jur the construction inspection services for the Starr - Gennett / Veteran's Park Redevelopment Project. (renderings are attached). The construction component of the project (to be bid hip INDOT) includes: Starr - Gennett Area Water — Potable water lines for restroom Sewer — Connection lines from main line on South 2,o to resirooms. Restroom — Construction of large restroom neon- the Gennett Building. Preferahly green and waterless. Smoke Stack stabilization — The upper most section of the smokestack is deteriorating and needs to be removed. A new top rim and .snrokestac,k stabilized as needed. Parking Lot— Paving of two parking lots and a roundabout at the end of South Lsi Street. Iron Gates — on the Vaults and Gennett Building. Iron gates as window covering -for the Gennett Building. Sidewalk — Concrete sidewalk on the east side of South 1.,t Street, from the proposed round- about to Rt. 40 Bridge. Brush clearance —from the flood wall to the river. Veteran's Park Area Street Lighting - Installation of street lighting to match the southern area. Sewer — Connection lines from the main line to the restroom. Parking Lot — Paving of a parking lot. Restroom — green and waterless Building — S, 000 sq. ft. - to house educational displays Is the Project within the TIF or CTP District? X Yes ❑ No (If not, explain how it would serve or benefit the TIF /CTP District): Explain how the project fits into existing community plans (such as the Comprehensive Plan, Downtown Plan, Transportation Plan, Park Plan. etc...): This project is part of the Parks Master Plan and specifically the Gorge Redevelopment Master Plan. Page 2 of 4 The project MUST fall within the parameters of the Redevelopment Commission Project List. Describe how the project falls within one or more of the required criteria. This projectfalls within #9 —Arts and Cultural Proiects: Non- specifprojects of this nature that may be proposed as part of the development of the arts or other cultural additions to the areas of the Redevelopment Allocation Area. Will local contractors be used for the project? X Yes* No (Explain) *Per INDOT regulations the construction component of the project will be competitively bid. RETURN ON INVESTMENT Estimated Potential new TIF Revenue: STBDY *The overall impact of the project is and will continue to be meamired to deterrninc the impact on the community from an economic standpoint. This will serve as a catalyst for annual tourism events such as the Starr - Gennett annual festival as hell as other uses in the gorge. Estimated Employment Opportunity: • New Jobs: • Retained Jobs: Other benefits to the community (Explain): The overall project is part of decades of planning, for the redevelopment of the gorge. This is also a key link to the Stellar Communities Project and other long range planning efforts. This is a tourism project as well with strong support, from the Starr- Gennett Foundation as well as the Veteran's group. Applicant Certification 1 understand that the submittal of this application does not guaranty, funding and that the Richmond Redevelopment Commission will consider the merit of your project based rip on the benefit to the community, benefit to the TIF or CTP district, and how it complies with existing community plans. I understand that I will need to appear before the Redevelopment Commission to represent this request. I understand that my request is governed by state enabling legislation./or Redevelopment Commissions (IC ) and /or Certified Tech Parks (IC ) and that the local Richmond Redevelopment Commission cannot consider a request that does nol. fall within Those guidelines. Page 3 of 4 I understand that I may be required to submit receipts and /or other documentation to the City of Richmond, Indiana State Board ofAccounts or other sources as part of the project. I understand that my request is considered public infbrmation and sources such as the local media may, have access to this application. I understand that iffunded, memorandums of understanding andlor other agreements may need to be drafted and funding may only be available to on a reimbursement basis. 1 understand that my application will be considered in accordance with the timelines attached to this application and t timelines m y be extended due to w7frn•eseen circumstances. Submitte Return completed %'Chmond li tion t&j_Ay Foster, Department of Metropolitan Development, 50 North 511 Street, IN, 47374 or tfoster a!richmondindiana.(Tov Page 4 of 4 S. A Street / US 40 el L PN*MEItAOE°r ` Tt�stles an01lrldges�Sr$ � �f � :. P ea e` i ' P 1) AlcleSOe. **effwd ativai4Nantin e 64 ;s r .�.: ,, �.-.. biz •. it: � { � ! r !!tf ��`+ti.�' .. �. .8 trip OiTAiN # ra'IH Ri �IWORK r Historical Neigh 8 IiS.2n R F e4 r w a ra Pointasi +ail • ' `� m , I�ctoty' + " ri r I' Found a . 5 � r Trail Head and d TM r x the bord�,, at� C SL & 5.�2 d s• Hi �j- _ x EMS i funnel Gorge -:1 a n Pkwy c ro k' r rpre6ve InAen r d �7. x STUDIO -� � • : ,, , 8 ' � f - InfiWeUveEerWeran&Eftlents krehn 1 * New Trail Head, Parking and Trail Access.P�rrS► - Music and Musicians Mf . �leighborhuod at S 0 SL & S. 3rd St WALK OFF A LS y' „ iahlyfavers, Factory Foun a plants q and Interpretive t' the Starr .r ' P10,AAss uill"al T'01" N oaal Trail On The t. s n n r- j �Fxi R Whiadar Access For & 1 dAaI f ergencyAnd Event NEeds x. eed & Ride Trail Access t no HistorllalNeiglf6orhd9d [ A ( S. &6.4th ¢f; ' , • l r r- ---- ------ 8' Asphal4M }*Model Tf8U *" t ; C 4orge Owdooks 6 If " ' . a PRO►dlEP FOOF I�g1I IIEfYl0lgt f �! i � W ! �' xi�. � •a: ElE37M��ORAETIWI � +�Tr Y ti all r 3 4 Ak All Starr- Gennett Redevelopment Area City of Richmond, Indiana VOICES OF THE GORGE MASTER PLAN I Southern Half UKM EmMDeW Assodatei I May 2011 r S.W. two r EXISFINO FISHING PIER AND WATERFALL OVERLOOK EXISTING PEDESTRIAN BRIDGE Starr - Gennett Redevelopment Area I City of Richmond, Indiana VOICES OF THE GORGE MASTER PLAN I Phase One Rundell EmstberGBr Associates I May 2011 EXISTING TRAIL HEAD CARDMIAL GREENWAY TRAIL HEAD Drop-Off Area, Gateway Element and Tail Access PARKING Parking for 34 Vehicles I on Permeable Pavement is y with BioSwales, Native Plantings in Islands and Bio-Retention Facilities. OOROETRAIL SWITCH BACK �- GORGE OVERLOOK PLAZA NEW VEHICULAR GATEWAY AND ACCESS POINT Parking for 16 Vehicles on Permeable Pavement, Gateway Element and Pedestrian Connections to Memorial Gardens