Dan Canan will serve as president of the Fishers Redevelopment Commission in 2020, following a vote taken during the Thursday meeting.  Tony Bonacuse was voted vice president of the commission and Damon Grothe will be secretary.

The commission approved an amendment to the project agreement approved by the commission last year to the Flexware Innovations AMP West building, under construction near the Nickel Plate Amphitheater. Economic Development Director Megan Baumgartner  says the original plan was for an 8,000 square foot facility, but the project is facing some construction “challenges,” and as a result, will increase the building space to about 12,000 square feet to maximize the plans. As part of the amendment approved by commission members, AMP West will be allowed access to some additional parking.  The closing date has been pushed back to June first of this year, due to these changes.

An agreement was approved for the developers of the new Nickel Plate Hotel, part of the large project underway along 116th Street near City Hall.  The 116 room facility will be part of the Hilton Tapestry brand.  After a lengthy series of negotiation sessions with the city, Baumgartner told commission members the city will reimburse $2.1 million of the construction costs, which are estimated to total $21 million.  The reimbursement will come from the city’s Tax Increment Financing (TIF) reserves.  Included in this agreement is a $100,000 contingency fund, should there be additional costs in constructing this building next to the Nickel Plate Trail, Baumgartner says.  The hotel will have access to the parking garage, and hotel guests will not pay for the parking privilege.   The hotel is projected to be finished at about the same time as the First Internet Bank headquarters.

In one more action, the commission approved an amendment to the development project to the north of 116th Street downtown, east of the municipal complex.  This will postpone the closing date by 2 months due to delays in the design process.  Construction on this part of the plan should begin in about 2 months, Baumgartner says.  The agreement also deals with the project’s interface with the Nickel Plate Trail construction, which will be adjacent to the development.