VILLAGE OF EVENDALE
COMMUNITY IMPROVEMENT CORPORATION
Minutes for the April 16, 2013 Meeting
Evendale Municipal Building, 10500 Reading Road, Evendale, Ohio
Attendees: President Hugh McKinnon, Jeff Albrinck, Dave Harwood, Al Pearlman, Chris Schaefer, Bob Szczur, Chris Patterson, Jack Cameron, and Pam Morin.
Recurring Business:
1. A motion made by Bob Szczur and seconded by Jeff Albrinck to approve the minutes of April 2, 2013 with corrections. The motion passed with a vote of 6 yes, 0 no.
2. Economic Development Update:
a. Kinetic Vision’s request for an Enterprise Zone Tax Abatement from the Hamilton County Development Corporation was approved. They are currently pursuing Ohio Job Creation tax credit. This tax credit is awarded to employers who create new jobs in the State of Ohio. They will be appearing before the Planning Commission to discuss a possible second building.
b. Menard’s soft opening will be in July. No date for their Grand Opening.
c. Jack Cameron spoke with Josh Niederhelman, CB Richard Ellis Inc., concerning Village Landings, Glendale-Milford Road and St. Rita Lane. Josh asked Jack if the Village would be interested in selling Village Landings to the owner of the QTC building south of that property. Jack indicated that we are not interested in selling to a developer for speculation purposes. We would however be interested in any concerns or desires that GE would have as the tenant of the QTC building.
d. Jack Cameron and Kathy Farro, Manley Burke Associates, had a conference call with Equity Inc. to discuss the three acre parcel at Village Crossings, 10400 Reading Road. Their plan is to build a multi-tenant retail on the west side of the existing building and a restaurant as an outlot along Reading Road. Their proposal includes reconfiguring the PG Graves entrance, which would encroach on property currently owned by TriHealth Evendale Hospital. Jack indicated that they may be appearing at the May Planning Commission meeting.
3. Chris Schaefer updated the members on the on-going discussion of the Council/CIC parameters of the sale and/or lease of Village properties. Tim Burke, Village Solicitor, and Council agreed that transferring the properties to CIC would not be advisable because of tax and insurance reasons. Council agreed on the following points:
a. Council wants to be kept informed of any potential sales. CIC agendas and minutes will be forwarded to all Council members. Hugh McKinnon offered to be accessible to Council. He wants to operate in total transparency.
b. CIC will be responsible to execute the deed.
c. CIC will have the right to offer up to 35% reduction in the fair market value of the property, not the 50% that CIC suggested.
d. The leasing language of properties will be taken out.
Jack Cameron stated that an ordinance outlining the above mentioned points should be in front of Council in May. Bob Szczur wondered how everyone thought Council would vote. He feels that it is very important to get, if not all, but 5 out of the 6 Council member’s vote. Chris Schaefer and Jeff Albrinck both feel that Council is very positive about CIC’s involvement in marketing the parcels.
The pros and cons for using a commercial real estate agent or appraiser or a developer in getting the fair market value of each individual parcel was discussed. The CIC members agreed that a real estate agent or a developer could provide more information, work within our parameters and take us to the next step. It is a real concern for Jeff Albrinck that once CIC gets the fair market value price for a specific parcel, that information would become public information. He cautioned the committee to be very careful and suggested that CIC should have their discussion before the appraisal price became public. Jack Cameron proposed that he would contact Brian Copfer, Senior Development Officer, Core Resources to bounce these ideas off him and get some feedback on our direction.
Bob Szczur doesn’t want the marketing process to be cumbersome. He would like the CIC’s discussion to include the appraised value, the proposed use, earning stream, and cost of business and construction type.
It was requested that Jack arrange for a real estate agent and a developer to come to the next CIC meeting to discuss how they would/could be involved with our process.
New Business
1. Bob Szczur made and Dave Harwood seconded a motion to approve the payment of $535.00 to Plattenburg and Associates for the annual CIC audit. The motion passed with a vote of 6 yes, 0 no.
The next meeting is Tuesday, May 21, 2013 at 7:30 AM at the Municipal Building.
The meeting was adjourned with a motion made by Dave Harwood and seconded by Chris Schaefer. The motion passed with a vote of 6 yes, 0 no.
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