News and Tribune

January 27, 2013

Jeffersonville bond resolutions approved

Culver’s gets a tax abatement, plans to locate along Veterans Parkway

By BRADEN LAMMERS
braden.lammers@newsandtribune.com

JEFFERSONVILLE — Amendments to two bond resolutions were again approved by the Jeffersonville Redevelopment Commission.

The bond resolutions were previously approved by the commission in December and updated the bond for the Falls Landing TIF to total $3.5 million, and for the Inner City Roads TIF, the bond amendment totaled $9.5 million. The resolutions also updated the bonds to allow funding to be used for a new police station planned on 10th Street and for the city’s stormwater conveyance system.

Redevelopment Commission Attorney Les Merkley explained the process to amend the bond required approval by the redevelopment commission, the city council and then required a second approval by the redevelopment commission.

Resolutions 2013-R-1 and 2 were both approved 4-0 Wednesday night.



New tenant on Court Avenue

The redevelopment commission has determined the value of a vacant property at 214 Court Ave. that it plans to offer in a lease-purchase deal to a cafe owner.

After a presentation was made by Nicole Ruddell to turn a former Italian restaurant at the site into a vintage cafe and coffee shop, the redevelopment commission asked for a new appraisal be done on the property.

The new appraisal amount was the same as the value formerly placed on the building, totaling $510,000.

The redevelopment commission agreed to move forward with drafting a leas-purchase agreement and to negotiate with Ruddell to finalize a deal.



Dust up over projects list

Frustrations boiled over when a project list was not initially presented at Wednesday’s meeting.

Redevelopment Commissioner Rob Stevens questioned Redevelopment Director Rob Waiz about a project list for 2013 that he said would be provided during the December meeting.

“Rob, I just want to say I’m disappointed, because at our last meeting you did state that you would have a list for us and we still don’t have it,” Stevens said. “I think it’s critically important that we have a projects list and we understand what it is; and when you tell us you’re going to do something, it’s your responsibility to do it.”

Waiz said he would have a list available at a workshop that had also been requested by the redevelopment commission.

“Every board member wanted a projects list,” Stevens said.

“I’ll get you a list; let’s cut out the theatrics and move on with the meeting,” Waiz said in response.

Waiz produced a projects list during the meeting and presented it to the redevelopment commissioners before the end of the meeting. A workshop to review the list was scheduled for noon Tuesday, Jan. 29, in the mayor’s conference room in City Hall.



Culver’s tax abatement

A 10-year tax abatement for a Culver’s restaurant on Veterans Parkway was approved by the redevelopment commission.

Before the abatement was approved, Waiz explained that an abatement of this type is somewhat unusual, but he also said it may provide a needed benefit to the area.

“I don’t think we do too many restaurants actually for a tax abatement, but this would just be a great shot in the arm for Veterans Parkway,” Waiz said. “This would be something to get things jump-started”

Culver’s Owner Frank Spanopoulos said the investment to open the restaurant will be about $2.2 million. When it is operational, Culver’s will employ between 40 and 60 people and have a payroll of $400,000 to $500,000.

The abatement on the Culver’s property only was unanimously approved.