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MOORESVILLE REDEVELOPMENT COMMISSION MINUTES MONDAY, MARCH 16, 2009 The Town of Mooresville Redevelopment Commission met on Monday, March 16, 2009, at 7:00 P. M. at the Mooresville Government Center. Commission members present were: Jim Ransome, Mike Haskins, and George Watkins. Town attorney Tim Currens was present. Reorganization: The commissioners voted 3-0 for Jim Ransome to continue as Chairman, Mike Ilaskins for Vice Chairman, and George Watkins for Secretary. Jeff Pipkin, Morgan County Economic Development, reported to the commissioners property taxes for TOA, USA 2007 payable 2008 were up for approval of payment. He explained a little about the Memorandum of Understanding with TOA'S initial 10 year abatement,the Redevelopme o mission agreed to pay the last five years of taxes. A motion was made by Commissione ,..LS.9With a second by Commissioner Watkins to approve payment of taxes in the amount of 187,094.16. Motion carried 3-0. Fire Chief, Les Farmer, reported they were doing the final punch list at the end of the week or first of next week. He also said they were still under the 1,650 million, but the problem was when the Redevelopment Board approved the money for the architect; they approved it based on cost of building being 1.2 million. Architect fees have had to be paid from the Construction Fund because the fees were higher. Attorney Currens told the commission they had approved a redevelopment plan on the fire station for 1.5 million plus 10% ($150,000) for contingencies. The total cost of the building as of today is $1,643,000 although the architectural contract is outside of that so that part could he addressed. They discussed 8%of building costs as architectural. Two options: approve what is needed today or approval of money that stays in the redevelopment fund for architectural fees only. A motion was made by Commissioner Haskins to approve the not to exceed the difference of$33,440.00 to stay in redevelopment fund for architect fees only. A second was made by Commissioner Watkins. Motion carried 3-0. Jeff Pipkin announced that Jason Semler from Umbaugh was working on the final amounts for the annual report and an invoice in the amount of$5,600 needs approval. A motion was made by Commissioner Watkins with a second by Commissioner Haskins to approve the payment. Motion carried 3-0. A financial report was presented and after the two invoices from above were paid the balance in all TIF funds is $2,878,640.59. 1 Comments: Chairman Jim Ransome wanted to publicly thank Brian Nelson and Rex Nichols ibr all the time and effort they put in while serving on the Redevelopment Commission.