send it to live
youtube it's the only time i'm ever on
youtube is when i do these meetings
good to go all right
okay well let's see let's get started
all right well let's uh call our meeting
to order
uh february 2nd um
2020. are we in 2021
i think we are um why don't we do a roll
call
and uh i will just um
read off your name and please let me
know that you're here nate green yes i'm
here ben kessler
here yeah there you go andy madison here
bill harvey here dave bolin
here jessica sod here
mark fishel here heidi mccabe
here monique lampke here
sir gold here and troy marcum
here all right thanks everybody i don't
think i missed anybody so i think we're
good
okay uh we have the minutes there i
don't know if you've all we've had the
minutes from uh december 7th
and um our last meeting on january
1st uh
[Music]
do i have any ben i don't know if you
can
pull those up but um do i have any
additions
uh to those minutes
they're a bit long to just scroll
through quickly but uh
debbie takes some mean minutes i'll tell
you that
all right well if i don't have any
additions and deletions do i have a uh
motion
uh to approve the minutes
bill harvey so approved so moved thank
you bill second
seconds mark official thanks mark so we
have a
first for mr harvey a second from uh mr
fishel
uh all is in favor please say aye aye
any opposed
all right great okay
well let's um let's move down to our
property updates we'll uh
start with bexley square um
i don't i don't there's not any uh
particular updates for bexley square
uh right at the moment um you know we
have to uh i think we need to figure out
what we're gonna do with the roof
um ben have we gotten i know we talked
about the last meeting potentially
getting another uh
a quote yeah on that roof have we have
we done that
yeah so we're expecting it back uh later
this week but
uh andy bayshore uh talked to a couple
contractors and we're
i think at least one of them is quoting
and i know lydia had some so we'll have
a chance to compare
okay all right cool so hopefully we'll
be able to get that back at some point
here
um you know soon and uh be able to
figure out what we're gonna do
what we're gonna be able to do for going
forward as you all know that's a big
expense i think the
the original quote from lydia got was
125 000
so we'll have to going to figure that
out and what we're going to
what we're going to do um
north cassidy uh property update um
i don't have any updates on 458 north
cassidy
heidi do you have any updates i mean i
think we're we're getting
getting rents and everything's okay
there but do you have any updates
no updates beyond that okay cool
thank you um our next uh
property on here north cassidy property
is 420 north cassidy
uh this is the property as we've talked
about you all know
we are in contract to purchase um
we uh a couple a couple different things
just so you all know is
you know this is the property that we're
would be partner with
the community builders on um to
potentially build
a multi or mix mixed mixed use
multi-family housing project um
so a couple things we as you all know we
did a uh
environmental study we did a phase one
and phase two environmental study
um the phase two indicated
uh that there are some um
you know there's some environmental
issues that there are no tanks in the
ground anymore those were taken out but
there's there's potentially
when the tanks were when the tanks came
out there was potentially some
some uh petroleum that was spilled so uh
the
the environmental our environmental
consultant
thinks we need to at least dig that out
to make sure that those contaminants
aren't there
we so we are he's in the process of
finalizing that uh
that environmental that environmental
study
the other thing is i think you all know
this property
uh we have because of the partnership
with tcb and what they'd like to do
uh we had to go you know we've had to
um apply uh to both the architectural
review board and the bexley zoning and
uh
planning board uh
through b zap uh we are asking for a
variance uh to some parking um
because there's not enough parking spots
uh there won't be enough
with what we're going to build right on
the site um for
for that so we uh we were asking for a
variant so that
um that was uh we had the air b
meeting two and a half weeks ago and
then we had the uh the bex elite or the
bezat meeting
um this past thursday i think it was
this past thursday
um that uh the board
um tabled that motion they wanted to
kind of get some
uh you know get some other thoughts on
on how we're gonna uh
address parking issues there um and some
other things so
uh we will bring it back on february
25th
um but that's kind of the that's my
update there but
uh ben uh or or sarah
sarah's been really engaged sarah and i
both were involved in the in the zoning
meeting last thursday
uh sarah is there anything you want to
add or ben is there anything you want to
add there
i think you covered it nate i don't have
anything else to add
great ben you want to add anything
no i think you and sarah covered
than that i it architecturally it was it
was uh
deferred to be zap for the variance and
then asked to come back to arb
um at a future date uh because
architecture is something that i think
we've all understood needs a little bit
more a little more honing there so
yeah that's a good point i forgot about
that ben so yeah it we will
it'll go back to arb uh after after be
zapp sees it so
you know and that's and as far as the
timing goes that we knew that that would
be the timing we'd have to go under
anyway to uh
if we were going to get zoning approval
we know we'd have to go through that so
that's kind of where we are from that um
any questions
from from the board on that
cool all right uh
the next thing is our ferndale property
update which we are actually making some
progress there
on the demolition of the properties uh
we got a report
from the central uh central ohio cic
that they are
uh i believe they think that they'll be
able to start
uh demolition to those properties within
the next 30 to 45 days which is great so
they went through
they they did uh you know got their
approvals or did their
asbestos abatement studies um there was
a wall
uh in between uh one of the one of the
sites
that they had to figure out whether
they're gonna take out or not so we kind
of got through that hurdle
um and they are i think they bid out the
project
already and they're about to uh they're
gonna start demolition down there
uh as i said like in the next 30 or 45
days so that's a good thing
um that we're moving forward with mr
harvey you have a question
yeah ben i think i asked you this once
before are we sure that all the uh
the permits that we need from as a city
we've gotten for that property before
they do any demolition
yes um we do need to finalize uh the
building
official needs to formally condemn but
uh
other than that because of it's a
condemnation and because it's not
single-family residential we're we're in
good shape on the permitting side
okay did i cover everything i think we
tend to talk through i don't know if
there's anything i've missed you wanted
to that you wanted
if you want to cover okay
cool um okay
any other questions about any of the
properties
great uh heidi did you want to i didn't
send these and i apologize but heidi did
you want to get into the finance report
and just talk through
our account balances and the line of
credit sure i can go through each of the
uh
each of the accounts so um i'll take
them in order there on
item five in the agenda so the cic
general
uh account is at five thousand two
seventy five
the bexley square account is at 152
901 um our cassidy account is at one
1837
and the ferndale mayfield account is at
um
291 thousand 322.
so just a couple of updates since the
last meeting so property taxes were due
so those have all been paid
so if you're keeping track of the of the
balances going down a little bit it was
to cover all of our property taxes
um for the um prior line of credit
that's been um paid off and released
from
from title nate and i signed documents
for our new line of credit
today so hopefully we'll be closing here
in the next day or two
as as ohio state bank signs and we get
everything
um in line with the title company and
that's just to kind of have it
we won't draw down it's just to have it
lined up for
um for when we need it
questions or
okay that's it for me thanks heidi
all right uh any old business or new
business to come before the board
all right well uh i see we have a few
people
uh in our attendee list
so we uh you know we we have a public
comment
at most of our meetings we usually don't
have anybody that comments but
um certainly we are open to public
comments
um we uh
you know for those of you that want to
speak that's great uh we're happy to
to listen and um listen to your thoughts
uh listen to your thoughts about you
know what what it is that you want to
comment about whatever business it is
that uh
you want to bring bring before uh the
cic
um you know just for those of you that
are on the call if you've never attended
one of our meetings we meet on a monthly
basis
uh the cic is the economic development
agent for
the city of bexley um you know we are
charged with uh development projects
throughout the city things that
we the city believes are going to
enhance
the city enhance the quality of life of
the city enhance the the
economic um you know the over economic
nature of the city
um we are the first project the first
thing that happened
um for the cic or the reason that we
were put in place
uh was really uh for two different
projects but
what is now the giant eagle uh market
district
that was our first project that was the
project uh
that that that well that was the reason
one of the reasons the cec was put in
place and also for the bexley square so
um we don't any own it anymore but we
used to for a time we owned the ground
underneath the bexley
or bexley uh market district and we own
the bexley square and uh we have a
leasing property management company that
manages that for us um
ben i think if anybody wants to talk do
they have to
do they have to raise their hand yeah so
there's a hand raised feature
on the webinar should be kind of near
the center bottom of the screen for most
folks
so they would just raise their hand and
we have someone an address name and
address given that
yeah so so they so so just so you all
know
um we a couple things um if you want to
talk again that's great
uh we'd like to limit discussions to
three minutes
um and uh
oh bill what was it you just said
there's something you just said
name and address oh yeah name and
address
so i think we have somebody that says
owner but if if you could uh give your
name and address that'd be great
yeah hi this is uh larry katz and
laurie blyanco cats i i appreciate it
i'm trying to figure out
where we go to find out
the analysis of how these projects are
going to help
bexley
it is i mean it sounds like the the um
you've taken on projects that are
intended to help the city economically
has there been anything written that
would
help help us understand this
sure sure um you know we and i think uh
mayor kessler maybe can speak to this
you know one of the reasons that
um we started down this path a couple
years ago with the with the community
builders was it was a desire by the city
to uh
increase mixed income housing in the
city that was part of a strategic plan
the city did
several years ago i don't remember the
year uh but that is one of the
i'll say one of the guiding documents
that helps us um
you know kind of determine uh how we how
we engage in projects and and the things
that we do so we follow
that strategic plan and then the cic
uh probably four or five years ago
we did our own strategic plan as well uh
but but mayor is there anything you want
to
add to that um yeah so in our in our
in the the current adopted strategy for
the city of bexley
identifying opportunities for additional
mixed income housing is a strategic
priority of the city and it's one that
the cic has been working on for many
years
these specific sites are as has been
talked about i think in some of the
meetings recently are
are newer uh sites avail newly available
sites
um you know one of the things the csc
and and
developers who have looked at this have
found is that there's obviously a
real lack of developable property in
bexley for the most part that's not
surprise to us
[Music]
the reason for it is multi-pronged one
of them is
as we know there are environmental
conditions under ferndale and mayfield
that are going to long term impact the
ability for
there to be housing units there we're
cognizant of
of the responsibility that we have as a
city
to find um and
and help foster units that
can bring a wide spectrum of incomes to
the city not just
what is traditionally available
elsewhere in vexley and so that's an
important concept that the cic has
embraced
and city council has very strongly
endorsed through the adoption of the
strategic plan as well as multiple other
resolutions and ordinances that have
passed over the years
so um one thing that i think is
important to note and
and there's been some misconception here
um i think you might have heard early in
this meeting we talked about
some property the csc owns it for now
that's going to be demolished
the housing that's being proposed
elsewhere in bexley
is not necessarily like replacement
housing
for residents in the area because it has
totally different
standards in terms of underwriting and
and um
background checks for tenants and it's
it's it's not known whether or not
that would potentially be replacement
housing um but nonetheless
we we feel that it's the city's uh
obligation
to be able to provide additive units as
we are taking units offline
that are have formerly been providing
options to residents who would not
otherwise be able to
locate in bexley and raise their kids
here
projects now that were that were tabled
isn't that providing units for
additional people to move to bexley or
is that just
a place where the ferndale and other
condemned
um units can can be fed can be the
feeder
like are we taking well so
yeah no i mean truthfully anybody that
qualifies to live in those
units uh and and meets the requirements
uh
income and and financial requirements
can live in those units
both at uh cassidy and the and the the
ones at livingston
there's no they're not replacement for
ferndale mayfield um if those people
would qualify they could certainly live
there if there's people that
live in bexley today that want to live
in these units they could if there's
people that don't live in bexley today
that want to they could live in these
units so it's it's you know
and it's also not you know that isn't
for the cic to make that determination
that's
absolutely um you know the right the cic
is supposed to be doing things to
enhance bexley economically am i correct
or do i have that wrong
no that's correct and and you know as
the mayor said we believe
as part of the strategic plan that we're
doing that
is there some when i say when i read
economically i think of dollars and
cents
and some um oh i can't think of the word
offhand but some sort of projection
about how bexley will come out
uh economically with these plans and so
am i hearing that there there isn't
really any
anything put down like that is there a
document that i can find and understand
this better
because it's not making sense yeah there
no there there's um there's you know
not currently one but there will be um
uh one and i apologize we're over three
minutes so i gotta move on to the to the
next person so
yep thank you
all right so uh ben the next person we
have is uh
it says kdj katie could you um give your
name and where you
where you live yes my name is katie jay
and i live at 421 north cassidy
directly across from the 420 property
um i keep hearing you know the
the letter that you guys sent out to us
talked about how
the architecture of this building is
going to fit into
its surroundings there are no
three-story buildings
within a block and the
facade doesn't look anything like
anything in the area so how does it fit
in
to its surroundings
uh i'm not an architect i don't know
that i can take that question is there
somebody else that
has a has a good answer to that to that
question
i would say architecturally we're still
in the
in the design process and um you know
we're going to go back
to arb and and review and we're
we're here to listen about you know
comments um
on how to make it absolutely appropriate
with the
existing conditions and and the
surrounding neighborhood
um and um
you know it the the three stories is
is an as of right zoning for this
this area so um you know per
the zoning code and what's already in
the city um
you know we we believe in that and um
i think that that it'll be a good
addition
and i think you could all we could also
add to that by um pointing out cassidy
arms
uh which is um a few properties away
from this is a three-story building
granted the first floor is a little bit
inset but this the roof is taller and so
they're similar heights
so if you want to get a feel for what a
three-story building on cassidy
interfaces with and i know you know this
but cassidy arms is an example
and i'm sure at the time it was proposed
neighbors had very similar concerns that
it would be out of character with north
cassidy
um whereas you know it's provided a very
valuable amenity
to the city
but it's not surrounded by houses the
same way
the other thing is and you guys touched
on a little bit with the parking
we are the main corridor for emergency
vehicles
with the police office right here the
fire response there
and if you have cars parked on the
street you're going to
you're going to reduce time have
has any of that been taken into
consideration
so you know i think um you know that
obviously that was addressed as you know
katie i think you were at the zoning
meeting um that's something that we're
uh working through with with the
community builders and
hopefully we'll have a good answer for
that uh and how we address that
um at the next meeting we you know i i
don't have a great answer for you right
uh right now katie but uh
um that's where we are now okay and then
my last question that's
uh okay go ahead go ahead i have one
more and just
doing my research on the community
builders
they own several of the buildings that
they have purchased they do not manage
them
but as the owner they are in charge of
the management crew
and they have horrible reviews
horrible how are you going to keep that
from happening in our community
so katie i can't speak to the community
builders that we think they're a great
group
we are very uh happy with
what we've learned from them so far the
people that work uh
community builders have been great um
you know we'll
we we haven't we haven't heard those
kind of comments we'll certainly uh uh
look into those things a little bit more
as we get we get further into that
uh into that uh thank you katie though i
appreciate your comments and uh
and coming tonight to speak to us
who do we have next ben
so ellen ellen evans allen's if you
could state your name and where you live
uh ellen evans 965 francis avenue
okay um
in the i noticed that the the cic
is has an interest in the
cassidy project but not in the
livingston project is there a reason for
that
and backing on to that does cic
stay involved with the project or will
are you do you have a financial
interest in one and not the other so
uh on the um 420 north cassidy
we are in the process as i said of
purchasing that property
so uh yes we have a direct financial
interest in that meaning we'll
uh we will we're going to own the ground
that it's going to go on
we don't have a direct uh financial
interest in the livingston property that
the community builders
uh are buying that property on their own
and and moving forward with that project
the uh to your question about staying
involved we uh
the 420 north cassidy project will have
a component of it that is that is uh uh
commercial retail uh and and yes we will
stay involved in that
we're long-time owners it will look
similar
our involvement will look similar to
bexley square
where we had been involved for a long
time and we will for a long time so
yes we'll stay involved in that for a
long time
does having
how do i say this do you think that
cic and indirectly bexley having a
financial interest
in the in the cassidy project
will act as a way to keep the project
um
[Music]
uh
if let me put it this way if you if the
city has no involvement
in the livingston project but they do
in the cassidy project how do
what what um
interaction is there if you if you will
to force
the livingston project to be upkept
a financial yeah in that building and in
the
cassidy project being you know trash
picked up and
and attractive for the to the
surrounding area
what recourse do we have then with the
livingston project if there's no
interest by the city
well the i would say that the livingston
project you know we have we would have
limited
involvement in that and recourse uh the
city though does i mean the city like
any property owner would have
uh the ability to you know make sure
that that property maintains
um it's uh maintains that it looks good
that they're picking up trash that
they're doing all those kind of things
um that's not you know that's better
better a better question for the city
officials than me
um but but that's what i would uh i'd
put that on the city the the cassidy
project
we will be involved in and maintain that
for a long time so
so you know we will um uh
maintain an interest and make sure that
it uh it stays in great shape for a long
time
so thank you ellen for your comments and
thanks for coming to the meeting this
evening
right larry katz larry
okay uh i'm at 299 south roosevelt
and i've got two questions uh
one is there a way of knowing
approximately
how much low-income housing already
exists in bexley so we can kind of have
an idea
of how much we're contributing
or not you know how necessary it is
and the the other part
because i've been in rental property
for about 42 years and
i just i'm sure there is i'm not saying
it
can't happen or never has happened i've
just never seen
mixed income buildings
or areas where you have
people that are making
forty or fifty or seventy thousand a
year or whatever
living with people that are section
eight renters
and i'm wondering if
that building at francis and livingston
uh gets some people there that
uh maybe run out the other people who
don't want to live with section 8
renters and then the whole building goes
section 8 is there anything
that anybody is going to do to deal with
that
in any way or if the entire building
all of the units go section eight then
that's what it is they're all section
eight
so and and sarah and ben uh please
correct me if i'm wrong but this isn't
section eight housing so
that's not a concern here that you know
they uh
we are there's potential for low income
housing tax credits for this project
uh but they're not section 8 housing so
that wouldn't be the case
um as as far as uh as far as
you go yeah go ahead something it's low
income housing is your question
your question could be no that's good if
but but when you say low income the
housing then what does
low-income housing actually mean
um you know the the rents i think are
you know
it uh the people that can rent there uh
they
have to fit within a um they have to fit
within certain income
parameters uh set out by the by the tax
credits
um i i i you know i i don't know those
numbers
personally on top of my head but right
they have to fit within certain
limits but does that income mean
uh non-subsidized from any agency of any
kind or
their that's their income from
employment
i believe that's their income from
employment i don't i don't know the
answer to that question
okay but is there a way to confirm that
that that's
sure sure yep we can confirm that
absolutely larry
and i appreciate your comments we're
over three minutes so i really
appreciate larry you coming and
providing comments for us today
uh aj garlipotti
that's right aj
um at 981 francis
i'm sorry yeah you're great okay perfect
so quick comment i just noticed this
american kessler
he looks like one of my favorite
characters in the tv show game of
thrones
uh david i don't know if you guys watch
that show but i just
it's the beard man i i don't know
look just like him yep so i got a couple
questions first one's gonna start with
um
you said earlier today that you guys
were new to line of credit with the ohio
state
bank correct okay
now in renewal of the line of credit um
given the fact you're the cic
do we have any access anything like the
closing disclosure what the interest
rate is based on like prime
is it a variable rate is it a fixed rate
uh the line amount
um you know what qualified you all for
the line of credit based on income and
so on
well i mean i can tell you that the you
know the line of credit itself
uh is based on um our ownership of the
bexley square
that's that provides the security for
the line of credit um
i you know i think the interest rate
that we're getting is somewhere around
prime it might be prime minus
uh 25 basis points um
or somewhere in that area 50 basis
points and we did
and and we did seek multiple proposals
from banks here in bexley
um and um i think those
are part of our maybe the november
meeting or the december meeting where
we're part of the
the discussion um where you can see the
the two proposals i think those were in
the public session if i remember
correctly
they were hiding yep they were no and
it's a variable rate it's a revolver
with a variable rate yeah revolving line
of credit so you're talking
prime minus a half point obviously 2.75
which is amazing
because you know typical 30-year can be
about 2.75 maybe a bit lower you don't
really often see a business get a line
of credit at an interest rate that low
obviously the rate
will be higher because there's more risk
involved because it's an llc or
non-profit and so on
also um want to know what the line
amount is
and then basically you said it's bait
the get the line based on
the benchley square is that based on
like um sales revenue
um what is that like how do they qualify
you for that
so it's based on um one it's based on
the value of the property
the bet you know the appraisal there's
an appraisal that was done
on the property so it's based on that
it's also based on the leases
uh on those pr on that property so we
have
uh six tenants seven tenants uh and so
it's based on those leases and
uh most of those are you know five year
or seven year leases um so it's based on
it's based on those things as well i
think you asked one other thing too but
yeah how much you guys have available on
that line
heidi i don't remember do you remember
what it is it's up to a million
up to a million okay so not huge you
know
reasonable and we yeah and i will tell
you aj and
we're right at three minutes but um we
had that we had a line of credit
previously and so this was a renewal and
we went out and
uh um searched uh as heidi said we went
out and sought
different proposals for for this line so
okay and one last question thanks for
your time
um so with the cic basically
obviously you guys haven't have a bank
account let's assume it's with a higher
state bank however it might be
um with the cic given the fact that it's
for the development of backslase for the
you know make betsy a better place do we
get to know who is on the bank account
or see any kind of bank on statement the
ownership of the um
sure i mean it's like the officer
financial
yeah no heidi uh mccabe who is our
treasurer she gave them
earlier you're looking at him earlier
yeah
but she uh you know heidi and i are on
the account because i'm the chair and
heidi's the treasurer and that's the way
our bylaws are yeah so we're
you know it's we're a non-profit so
there is no ownership interest in the
account other than you know our
you know are serving as officers so um
you know that's you know
it from the um ownership perspective to
be honest i don't know off the top of my
head about the sharing of our financials
um so so we can look into that yeah
i will tell you yeah and i will you if i
want to look
yeah they're totally public and we can
we also are audited by the state every
two years you can look those up or we
can send them to you so aj
i appreciate your time uh your questions
and joining us
uh we're over the over the three minutes
but thanks a lot for joining all right
then do we have anybody else
not that i see uh
is there anybody else that's in the in
the attendee list that would like to
make any comments
or ask any questions
okay well um
we uh for the board members um we need
to move
into uh executive session um
and we need to move into executive
session
i would uh and i don't know ben if we
have oh we don't have it on there
um oh hold on i can share that
okay and i also sent out an executive
session link
oh you did that helps i think you're
looking for
the first one right well yeah 122 121.22
g2
yeah so uh i'd uh make a motion to um
i'd like yeah i'd like to make a motion
to move an executive session uh
to uh per high revised code section
121.22
g2 to consider the purchase of property
for public purchases
to sale property competitive building or
the sale or other disposition of
unneeded obsolete or unfit for use
property in accordance with section
505.10 of the revised code
um so with that i'd like to make that
motion do i have a second for that
motion
bill harvey i second thank you bill and
then we'll do a roll call
uh for that uh ben kessler
yes andrew madison
yes bill harvey
yes uh zahi ben david
yes jeff walker yes
jessica sod yes mark fishel
yes tom brigdon yes
heidi mccabe yes
uh monique lamke yes
sir gold yes and troy markham i think i
got everybody
yes all right thank you so uh
we will move over into
uh the executive session uh ben sent it
out is a link
uh in this chat if you all want to see
it there or he also sent it as an email
so
either way follow that we'll we'll see
you over there and then
uh nate you want to just clarify with oh
for those
still here we're going to come back to
adjourn but there should be no other csc
business after executive session
correct i'm sorry i'm sorry we should
have said that yep thanks ben
[Music]
you
yeah some of you are quick
right on it i think the only person
we're missing
is dave bowling maybe
is that right no we had 14 before and we
lost time so
uh andy yeah no andy's there
i'm here oh jeff walker jeffany jeff and
dave
that would make that make 13 wouldn't it
yeah
well we'll see if they jump back on but
um could i get a motion
to move out of executive session
don't move bill harvey bill harvey
second second
mark second all those in favor aye aye
all right all right anything else
uh for the good of the order good job
nate
thanks andy yeah thanks nick
absolutely thanks everybody uh motion to
adjourn
some moved kessler
jeff walker second all those in favor hi
awesome see you all in a month i'll see
y'all