Speaker numbers apply only to this recording.
The Evansville Redevelopment Commission met on October 20, 2026, with the Vice President presiding in the absence of President Randy Alsman. The Commission approved a declaratory resolution and an economic development agreement for a major new housing development, tabled another agreement pending revised financing terms, and awarded a contract for downtown electrical repairs. A substantial portion of the meeting was dedicated to a detailed presentation and discussion on a proposed LED lighting upgrade at the Ford Center.
Of the commission. Randy Osman is a president is out today. So call the meetings of order. And first item will be the approval of the minutes from October 6, 2026. Have the members had an opportunity to review the minutes? Yes. Okay. Any corrections and or additions to the minutes? If not, I would attend a motion to approve. I'll make a motion. Is there a second? I'll second that. All in favor signify by saying aye. Aye. Opposed? Okay, it will be approved. Next up will be approval of accounts payable voucher or register. Everybody's had an opportunity to review it. Do you want to take us through this, please? These are normal monthly or bi-monthly payments. Have for associates for the um the concept development at 301 North Main for $5,000, two Rundale Ernsberger invoices for the uh Virginia Street and Main Street connectors, uh 4115 and 22,555. There's two um center point bills for our electrical um bills at the parking lot at 14 East Iowa and 420 Southeast 8th Street, and then we have two our two mowing bills with um William Wilman, uh the downtown the Jacobsville 1920 and 60610, and the total on the voucher is 40, 3141. Uh any questions or concerns about this? None. If if not, then I will uh entertain a motion to uh approve council make a motion to uh approve the accounts payable voucher. Is there a second? I'll second that. Uh signify by saying aye for approval. Aye, okay, we are there. So next up will be uh resolution 26 ER C29, the declaratory resolution of the city of redevelop city of Ebbensville Redevelopment Commission establishing the B CG economic development area and allocation area. Can uh someone give us an overview of that, please? Yes, so um so this declaratory resolution establishing um the economic development area and allocation area for BCG, um also known as Brown Capital Group development is um for a multifamily uh developer that's actually based out of Indianapolis. Um they are proposing 240 units, these would be market rate units out at the uh promenade. Um I'm sure somewhere near a packet you all have the uh allocation area, the uh map. Um if you look at that, I have I'm holding it up right here. The BCG site is that southern portion um outlined in red, and it's not the entire parcel. I believe it's about 15 acres is what um their development will be. And so we'd like to get that economic development uh development area and allocation area established so that you know we can you eventually get to the financing for the incentive that the city will be providing for this project. Um as far as timeline, um I believe eventually what they're aiming for is closing sometime in December, I believe, of this year, according to the timetable, and so then with an 18 month construction deadline, I think that puts them somewhere at summer 2028 for completion. Um questions? And just just to make sure everyone is aware, this there's no specific obligation to the city of Evansville for this bond using tax equipment financing as the mechanism, capturing future property taxes and redirecting the support of the project, correct? That is correct. Yeah, so that's the the this declaratory resolution will carve out that specific parcel specifically for this project.