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Votes at a glance: Capital Improvements Board approves minutes, equipment disposal, claims and Downtown MOU
Summary
At the meeting the board approved the previous meeting’s minutes, disposal of obsolete equipment, two claims vouchers (including a large confirming voucher tied to recent Lucas Oil Stadium settlements) and the Downtown Indy MOU; all motions carried on roll-call votes.
The Capital Improvements Board took several formal actions during the meeting, approving minutes, authorizing disposal of obsolete equipment, approving two claims vouchers and approving an MOU to pay Downtown Indy Inc. in support of Economic Enhancement District services.
Minutes: The board voted to approve the prior meeting’s minutes by roll call. The motion passed; recorded votes were recorded as aye by the attending members.
Disposal of obsolete equipment: The board approved the recommended disposal of obsolete equipment. The motion passed on roll call.
Claims: The board approved two operating expense vouchers. Staff read an operating expense voucher of $3,951,674.13 and a larger confirming operating expense voucher late in the month (staff described the confirming voucher as approximately $37 million due to settlements related to recent stadium events). Staff said large settlements on the confirming voucher included payouts for Royal Rumble ($16.2 million) and the Big Ten Championship ($7.2 million). The claims motion passed on roll call.
Downtown MOU (Economic Enhancement District): The board approved an MOU committing the board to make an annual payment to Downtown Indy Inc. equivalent to the EED assessment based on the board’s property valuation. The motion passed on roll call; staff and Downtown representatives said the payment will be offset in the CIB budget by reducing some existing discretionary supports such as Spark and certain fireworks contributions.
Votes and roll-call record: During roll calls recorded in the meeting transcript the following members were recorded voting "aye": Mick; David; Sarah; Earl; Maggie; Jim; Marcy; and a second David. The chair called the motions and the roll calls for each of the actions above; no nos or abstentions were recorded during the meeting’s roll calls.
The board announced that its next meeting will be at Lucas Oil Stadium on May 9 and that tours of the facility would follow the meeting.
