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Evansville commission approves Jacobsville plan amendment, mural agreement and bond counsel engagement

5876478 ยท March 4, 2025
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Summary

The Evansville Economic Redevelopment Commission voted unanimously to approve three substantive items on its agenda and to adopt the accounts payable register, including an invoice for solar panels at the Land Bank office on North Main.

The Evansville Economic Redevelopment Commission voted unanimously to approve three substantive items on its agenda and to adopt the accounts payable register, including an invoice for newly installed solar panels at the Land Bank office on North Main.

The commission approved Resolution 25-ERC-07, confirming an amendment to the Jacobsville Redevelopment Area plan. The change had previously cleared the area plan commission and the common council; the commission held a public hearing and received no public comment before voting to adopt the amendment by roll call.

The commission also approved Resolution 25-ERC-08, authorizing an amendment to an agreement with Haney's Corner Arts District Association to relocate and extend the timeframe for a second public mural. The association requested moving the mural from the Montrose Mabel building at 1012 Second Street (facing Triangular Park) to a wall at 58 Adams Avenue and extending the installation deadline by one year. Staff said the group has identified an artist, Cleo Griffin, and aimed to have the work completed in time for a May event, though commissioners expressed doubt that timeline would be met.

Finally, the commission approved Resolution 25-ERC-09 to engage the Indianapolis law firm Barnes & Thornburg to provide legal services related to refunding the Economic Development Revenue Bond Series 2015A, which financed the DoubleTree Hotel. Staff said Tom Pittman (previously engaged on the matter) has worked on the refinancing since 2021; the commission agreed to re-engage counsel to complete the refunding work. An underwriter estimate provided in the meeting placed potential lifetime savings at about $450,000, but staff noted the figure was fluctuating and subject to market conditions; the commission discussed targeting an April 1 transaction date.

The commission also approved the accounts payable voucher register by roll call. Commission discussion identified an invoice from Morton Solar for installation of solar panels at the Land Bank office in the former Integra Bank building on North Main; the invoice amount was not specified in the meeting materials.

Votes at a glance: - Resolution 25-ERC-07 (Jacobsville Redevelopment Area plan amendment): approved by roll call; public hearing held with no public comment. - Resolution 25-ERC-08 (Haney's Corner Arts District mural agreement amendment โ€” move location to 58 Adams Avenue and extend timeframe): approved by roll call. - Resolution 25-ERC-09 (Engage Barnes & Thornburg for legal services related to refunding Economic Development Revenue Bond Series 2015A): approved by roll call. - Accounts payable voucher register (includes Morton Solar invoice for panels at Land Bank office): approved by roll call.

During the meeting a resident, Edward Huff, introduced himself as a recent Jacobsville resident and representative of a local nonprofit, Henderson Helping Henderson, and said he planned to engage with the Jacobsville board and neighborhood efforts.

The commission adjourned after routine business and public introductions.