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MOORESV l I.LE REDEVEI,OPMENT COMMISSION MINUTES WEDNESDAY, JUNE 13, 2012, 6:00 P. M. The Mooresville Redevelopment Commission met on Wednesday, June 13, 2012, at 6:00 P. M. at the Mooresville Government Center. Commission members present were: Chairman Harold Gutzwiller, George Watkins,Tim Corman, and Don Stultz. No members were absent. Ron Wright, a non voting Mooresville School representative was present. Attorney Tim Currens was present and Morgan County Economic Director Joy Sessing was present. A motion was made by Commissioner Corman with a second by Commissioner Stultz to approve the May 21, 2012 minutes. Motion carried 4-0. Next, the Memorandum of Understanding between Ivy Tech and Mooresville Redevelopment Commission was discussed. The Redevelopment Commission commits $825,000 for improvements not to exceed $60,000 for furniture and equipment, scholarships exclusively in the amount of$100,000 over five years. The lease is for 10 years and there is a claw back if Ivy Tech is not there for 10 years. A motion to ratify the Memorandum of Understanding was made by Commissioner Corman with a second by Commissioner Stultz. Motion carried 4-0. In February of 2011 Ivy Tech made a desire to have their school in Mooresville. Currently the lease is for 9600 square feet and they intend to grow to 20,00011 sq. feet_ The commission gave a joint press release to Amy iper. ,;, ,v -..12 / Hillenburgforthenewspaper. ui',,,,,,,, c�rL,,,,ilei>zud �b�sFl(lC/�u1i', is�c� QCeCF''� `YLtr'ieia<' <'•✓ 110 GD»IGIfrd at be MC.U 'Iq�. l,l✓UI vrc1 Lir>�r..vV� ::ll 5Fu042 C'I-O Ron Wright stated hopefully as far as Mooresville 1 ligh School is concerned {Ivy Tech classes have been held there for years)this will be a win-win situation for the school and the Town. Mr. Wright wants Superintendent Brad Lindsey kept in the loop on the project. Chairman Gutzwiller said the Town will have no part in negotiations, but hopes Ivy Tech and the High School will keep lines of communication open. The Redevelopment Commission has no desire to be owners of a shopping mall such as Southbridge, so as soon as the property can be put back on the market they will put it back on the market. Umbaugh and Associates, Jason Semler,presented the annual report to the commission. Prior to July 1 each year the commission is required to decide if there are excess revenues to pass thru to other tax entities. There are a list of projects in the plan amendment that could cost between 10 and 30 million dollars. Chairman Gutzwillcr's personal view for 2012 payable 2013 is to not pass thru any tax increment to other entities. A motion was made by Commissioner Corman to not pass thru any tax increment to other taxing units. Commissioner Stultz