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MOORESVILLE REDEVELOPMENT COMMISSION MINUTES THURSDAY, MARCH 7, 2019 6:OOpm Members present: Harold Gutzwiller, Bill Boyd, Dustin Stanley and Don Stultz. School representative Dr. Larry Moore was present. Redevelopment Commission Attorney Adam Steuerwald was present. Project Manager Chelsey Manns was present. Commissioner Gutzwiller opened the Shell Building Public Hearing. No comments were made by the public. Commissioner Gutzwiller closed the Public Hearing. Commissioner Gutzwiller presented Resolution 2019-1 regarding acceptance of a bid of a developer for the Shell Building project. At the February meeting, the Shell Building subcommittee recommended the RDC move forward with Runnebohm Construction Company. Resolution 2019-1 accepts Runnebohm's bid. Commissioner Stultz made the motion to accept Resolution 2019-1. Commissioner Boyd seconded the motion, which carried 4-0. A motion was made by Commissioner Boyd and seconded by Commissioner Stultz to approve the executive session and public meeting minutes from February 7. Commissioner Stanley noted he would abstain from the Executive Session minutes as he was unable to attend. The motion passed 3-0-1 (Stanley). Financials were emailed out prior to the meeting by the Clerk -Treasurer. Additionally, the Annual Report of the Redevelopment Commission Treasurer was presented by Clerk -Treasurer Perry. Commissioner Stanley made the motion to approve the monthly financials as presented. Commissioner Boyd seconded the motion, which carried 4-0. Manns shared the Annual Report is due April 1 in Gateway and will be presented to the Council at the March 19 meeting. Commissioner Boyd made the motion to approve the Annual Report as submitted. Commissioner Stanley seconded the motion, which carried 4-0. Public Comment: No public Comment. Southbridge Crossing: Manns noted there is an executed Letter of Intent for Southbridge Crossing and they are negotiating a Purchase Agreement. Attorney Steuerwald presented a Lease Termination and Settlement Agreement to be considered between Roscoe's Taco's and the RDC. Attorney Steuerwald and Manns worked to obtain financials and other information from the tenant to work towards the best possible solution for all parties. The agreement would include payment of November and December's and would leave the space 'as is' with the equipment and fixtures within the space staying. Commissioner Gutzwiller also noted that there was no buildout completed by the RDC for Roscoe's Taco's. Manns noted that the space previously was a part of the former Hallmark Store and the RDC did cover the costs of the demising wall as well as the electricity upgrades. Commissioner Boyd made the motion to approve the Lease Termination and Settlement Agreement with Roscoe's Taco's. Commissioner Stanley seconded the motion. It carried 4- 0.