VILLAGE OF EVENDALE
COMMUNITY IMPROVEMENT CORPORATION
Minutes for the May 31, 2013 Meeting
Evendale Municipal Building, 10500 Reading Road, Evendale, Ohio
Attendees: President Hugh McKinnon, Jeff Albrinck, Dave Harwood, Stiney Vonderhaar, Al Pearlman, Chris Schaefer, Bob Szczur, Chris Patterson, and Jack Cameron.
Recurring Business:
1. Approval of Minutes from April 16, 2013 Meetings (Chris Schaefer 1st and Al Pearlman 2nd , motion passed 6-0). Albrinck not present at this time.
2. Economic Development Update
a. Village Crossing was sold, according to a current tenant in one of the retail spaces. Jack has not substantiated that information with Equity or Neyer, although this was rumored to be happening. Several CIC members questioned the status of the separate three acre parcel on the west side of the site. Jack will confirm the sale details prior to the next meeting.
b. The ARC building on Sharon Road is being sub-leased by ARC who moved their out operation recently. Jack met with a prospective tenant whose parent company is exploring multiple sites in North America. They have a current facility in a neighboring community and are adding a new operation and need additional space.
c. Evendale Office condos have a new tenant and have sold more space to Wing Eyecare. This space seems to be doing well and building out space every few months.
New Business:
1. Brendamour Business Center sign proposal. Doug Brendamour contacted Jack about placing a large electronic display sign on the south face of their building on Medallion Drive. This face of the building is very exposed to Glendale Milford Road and Doug envisions sharing the messaging with civic related events and organizations. CIC appreciates the gesture but the Village has maintained a ‘billboard’ free existence and prefers to have the landscape remain that way. Jack will touch base with Doug in that regard and see how he wants to proceed with the discussion.
2. Brendamour Business Center parking proposal. Doug Brendamour contacted Jack about the need to create about 200 parking spaces to facilitate GE’s office increase. There is a triangle of land south of the building which was abandoned when Glendale-Milford Road was changed from a State Route to a public street maintained by the Village. Doug would like to explore the possibility of creating some of these additional parking spaces in that area.
CIC was very supportive of figuring out how to gain control of that property to facilitate Doug creating more parking spaces. ODOT still has limited access right-of-way on the area and suggested two ways to go about gaining the needed control; transfer of the LA control or working with the underlying property owner to transfer ownership. CIC prefers to have the property no longer in the LA and property transferred to the Village ownership. Jack will work with ODOT, property owner, Tim Burke to find the best solution.
Old Business:
1. Council/CIC Agreement. Council adopted the agreement between CIC and Council to have the CIC act as their agent on available property to sell/develop. Since the last meeting Hugh, Jeff, Chris, and Tim Burke met with Brian Copfer of CORE Resources. This was precipitated by the need to determine whether a real estate appraiser, developer, or commercial real estate agent would be used to help determine fair market value.
Brian was an appreciated resource and the group came away from the discussion understanding that the fair market value would be a function of use, location, and market conditions at that time. Subsequently this was presented to Council at the May meeting and language was inserted in the CIC/Council agreement that was satisfactory to all Council members.
The CIC discussed the potential engagement of a professional in real estate, development, or an appraiser. The preferred arrangement is to have a developer or commercial real estate contracted with the CIC on a fee basis rather than a commission based on a sale or development. Jack will draft an RFQ, request for qualifications, for CIC to review and proceed to solicit participants to interview in that regard. Hugh noted that there is a time value to money and moving as quickly as possible is his preference. All agreed that moving with due haste is preferred.
2. Jack briefed the CIC in regard to an ongoing discussion with the owner of the Hollywood Motel, China Cooking, and residential house on Reading Road. Previously CIC wished to pursue adjacent business owners to consider a joint effort to acquire the property and get it developed for those remaining businesses. Jack has approached Aluminum Extruded Shapes and All Occasions about the possibility. Each would support the Village acquiring the property but neither had a business need to get involved in acquiring the property.
The CIC discussed the impact and use the Village would have for the property. Given the current market, re-use, and current state of the facilities the CIC would support the Village acquiring the property but limited to a certain dollar amount and not just at an appraised value. The other members of Council will be briefed to see if the Village is going to explore acquisition further.
The next meeting will be scheduled as need dictates based on RFQ process or other needs
.
The meeting was adjourned with a motion made by Stiney Vonderhaar and seconded by Dave Harwood. The motion passed with a vote of 7-0.
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