updated: 6/19/2012 9:07:13 AM
The city of Columbus has taken over several parking leases from Columbus Downtown Inc. Our partners at The Republic report the city's redevelopment commission voted unanimously to assume control of spaces being leased by Cummins Inc. (NYSE: CMI), the post office and a local restaurant.
The commission started the move at an April meeting.
April 30, 2012
Excerpt From a Columbus Redevelopment Commission Special Board Meeting
The Redevelopment Commission met in special session on Monday, April 30, 2012 at 6:00 p.m. in the Columbus, Indiana Common Council Chambers. The meeting was chaired by Mayor and Redevelopment Commissioner Kristen Brown. Other Commission members present were Frank Jerome, David Wright, Sarah Cannon, Tim Shuffett, and John Anderson.
Also present were Stan Gamso, Counsel to the Commission, Kelly Benjamin, City Attorney, Jim Clouse, Community Development Program Manager , Mary Ferdon, Director of Community Development, Jeff Bergman, City of Columbus – Bartholomew County Planning Director, Andrew Lanam of Reedy Financial Group P.C., and John Kilmer of Bruce Carter Associates, LLC, environmental engineering consultants. Several members of the public were also present.
Except for matters raised by members of the public present, matters discussed during the meeting were those previously disclosed in a public notice of the meeting.
Call to Order
Roll Call by Mayor Brown – Frank Jerome, David Wright, Mayor Brown, Sarah Cannon, Tim Shuffett, and John Anderson (Non-Voting Member).
Authorization for CDI Payment of May Installments of Property Tax Bills: Ms. Ferdon next presented the Commission with copies of property tax bills due May 10, 2012 related to spaces occupied by Bistro 310 and The Garage restaurants in the Jackson Street Parking Garage, and for the Second Street Parking Garage. She explained that taxes on the Jackson Street Garage restaurant spaces would be passed through to the restaurants under terms of their respective leases. The Commission discussed that since Columbus Downtown, Inc. (CDI) previously had the income streams and resulting funds from the garage leases, it should pay the May installments from those funds on behalf of the Commission, but that future tax installments will be paid directly by the Commission since it will then be receiving lease income as transferee of the properties and leases. Mr. Gamso and the Commission responded to certain questions from a member of the public regarding terms of the space leases. Upon motion duly made by Mayor Brown and seconded by David Wright, authorization of CDI to pay the property tax installments due May 10th was unanimously approved.
Sources: The Republic and the city of Columbus