Easterday Construction

Impact Investing – READI 2.0

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I attended the introductory meeting on READI 2.0 presented by South Bend – Elkhart Regional Partnership (SEBERP) at the Rees Theater yesterday. Honestly, attendance was pretty poor, but there was some good information. READI 2.0 is a refined repeat of the original READI (1.0) program which was a refined repeat of the Regional Cities Initiative. In various forms, these programs have been designed to incentivize municipal and private investment in statewide goals. As with the past programs, READI 2.0 offers the carrot of up to 20% project investment matched by 20% local government investment and 60% private investment. Whether the entire 20% is granted depends on the quality of the project, its merit for meeting goals and its ranking among other submissions.

Sand Hill Farm Apartments

Sand Hill Farm Apartments was awarded Regional Cities Initiative (RCI) dollars. Those funds, though only 7% of the project cost, provided some incentive to move the project forward when Culver‘s first Stellar application was unsuccessful. The project was initially to be the LIHTC portion of Culver’s Stellar application. When that wasn’t successful, the RCI funds helped make the project viable as market rate housing. Moving this project forward has been noted as instrumental in Culver’s success with their second Stellar application. Unfortunately, Culver did not follow through on their commitment, so some of those funds never were disbursed by RCI and those that were got redirected to reimbursements in lieu of benefiting the project.

Water Street Townhomes

Culver Sand Hill Farm was awarded READI 1.0 dollars for Water Street Townhomes. This is a mixed use building with 11 two-bedroom townhouses, 2 one-bedroom apartments and a corner commercial space. We are still working with the City of Plymouth to create the structure to put those dollars to work. SEBERP awarded less than the initial request, but Plymouth is following through with their entire match in order to make this project possible.

Culver Sand Hill Farm also submitted a townhouse project for Culver, Spirit Townhomes, which was named in the READI 1.0 Strategic Investment Plan. Unfortunately, after the fact, Culver chose to partner with a different developer on the much larger and more controversial project, The Dunes. (Discussed here.) C’est la vie! Sometimes you reap what you sow.

SBERP will be putting in an application for READI 2.0 funds for our region after the first of the year. Yesterday’s meeting was one of several where they are soliciting input on what goals of the SEBERP region fit within the stated READI 2.0 goals. This will help them refine their application. They feel confident that their track record managing the Regional Cities Initiative and READI 1.0 funds put them in a good position to receive the maximum award from READI 2.0. The handout to the right was provided at the meeting, showing some of the impact these investments have had. $878 Million in project investment through those two programs, which is 9.5 times the investment from the State. (See the backside of the flyer here.)

There is a rural component to READI 2.0, directing that 25% should go to rural areas. Of the three counties in SBERP (St. Joseph, Elkhart and Marshall), only Marshall County is designated at rural. That doesn’t mean that Marshall County doesn’t have to have competitive projects, but it gives a 25% set-aside leg up. L:ast time, READI 1.0 projects were rewarded on population, which put Marshall County at a disadvantage.

One of the interesting changes in the program is the option for receiving a loan in lieu of a grant from the program. The funds could be loaned out at a reduced interest rate, with the funds paid back to SBERP for future reinvestment in the region. While the concept is a good one, the implementation appears to be flawed, from my perspective. As it currently stands, the loan would be capped at the same 20% level as the grants. While both a grant and a loan could be awarded, they cannot total more than 20% of the project. I will need to hear more about this, but my initial impression is that there is not much incentive to take the loan in lieu of the grant, but I may be missing nuances here. It would make some sense to see loan amounts allowed to be larger percentages since the money will be recirculated. Then there would be more incentive to take that option.

Roger Umbaugh

An interesting sidebar – not only did I sit with Linda Yoder, Executive Director of the Marshall County Community Foundation (MCCF), at the READI 2.0 meeting, I also followed that up with an MCCF meeting at her office to hear from MCCF’s financial advisor on impact investing options for the newly formed Roger Umbaugh Local Impact Investing fund. (More on this in a future post.)

Impact Investing seems to be a great way to influence desired outcomes. Great projects that are good for the community often flounder because the investor ROI isn’t there. If Impact Investing can influence that through grants, loans and other creative means, then it benefits everyone.

I don’t yet know if or how Easterday Construction Co., Inc. (ECC) or Culver Sand Hill Farm LLC (SHF) will participate in READI 2.0. The experience with READI 1.0 hasn’t been bad, but there have been a lot of strings attached to it after the award that weren’t factored into the original project. I’ve been approached about several projects that would fit under the READI 2.0 umbrella. I’ll continue to monitor this and continue to be part of the discussion. Whether ECC or SHF participate or not, it seems that it’s another great opportunity for Marshall County and Marshall County communities.

40 Years with ABC

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This month marks 40 years since Easterday Construction Co., Inc. (ECC) joined Associated Builders and Contractors (ABC). I’ve written about this before, and our continuation with ABC has been for the same reasons. In recent years, our chapter, ABC of Indiana, has become ABC of Indiana/Kentucky. Despite some continuing concerns, this has mostly been a good combination.

Our main reason for continuing with ABC is the the voice it has in the Statehouse. That’s not to say we don’t take advantage of other membership options. We currently have an employee in their NLRB approved Carpentry Apprenticeship program and we yearly document our safety through their STEP program. We have also participated in their Excellence in Construction program, winning awards for our work on the Charlie Creek Inn, Dr. James Ford Historic Home and the St. Mary of the Lake renovation. We have a representative on the Chapter Board.

While ECC hold memberships with several Chambers of Commerce, NFIB and other groups, ABC is the only business group that caters specifically to the Merit Shop construction industry. We’re proud to be ABC members and support their work while they support our work.

Changing School Images

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I think I have written on this before (when the middle school gym was built), but my search capabilities weren’t sufficient to find the previous post. This is dating myself and includes some historic ramblings, so here we go…

I didn’t see any promotional material on the changes for the Culver Community School buildings this summer, so seeing the glass block come down and seeing it replaced with new black smoked glass was a bit of a surprise. I was also a bit amused by the progression.

Forgive me for doing this extemporaneously without doing the research, but it’s not something that I felt mattered beyond my memory.

Culver Elementary School Main Entrance in 1952.

The elementary school was built before air conditioning and was built with windows that opened across the bottom, about 4′ above the floor, and glass block above those windows reaching up 10′, letting in light for the high ceiling classrooms. Google failed me on finding good images of this, but I found the images to the right and below on the Maxinkuckee History Past Tracker page showing pictures of the school from the 1952 as the new elementary school addition was first opened.

Interior Classroom Picture

The glass block isn’t very clear in this picture, but there was another interior picture on that page that showed the glass block a bit clearer. I’ve included that one to the left. I don’t have pictures from Easterday Construction’s history at the school, but I know we did the north addition and struggled to match the glass block, brick and windows, as the Architect wanted continuity.

The progression of the remodels has always amused me. The construction of the middle school gym was completed at the same time or just before the remodeling of the elementary school in the early 2000’s. Two different architecture firms were employed. It would appear they didn’t talk…

Culver Middle School Gym with glass block clerestory.

Knowing how Architects often think, I’ve always postulated the following: The middle school Architect knew that splitting the elementary school and middle school was a big change. (There was lots of controversy moving the middle school from being attached to the elementary school to attaching it to the high school.) He wanted to tie the new gym construction to the high school to which it was being attached. Similar brick and metal banding was used to accomplish this. But to ease the transition and keep continuity for the children moving from the elementary school building to the middle school building, the glass block “theme” was used, even though use of glass block was somewhat dated at the time. The gym include a glass block clerestory and some other glass block accents. Meanwhile, working within his own silo, the elementary school Architect wanted to update the building look and knowing that glass block is notoriously bad for insulation and weathertightness over time, replaced the block with colored metal panels! Hahahahaha! He also changed the entrance to create a simulated nautical theme (think masts).

New Main Entrance and colored window panels.

The remodel of the elementary school received a lot of hate. The new panels with the “rolling” accent lines deemed playful by the Architect were deemed gaudy by the community. (Picture to the left from the Culver Visitors Guide.) My Mother, Jackye Berger, was on the school board at the time and was somewhat incensed by the difference between what was approved and what was installed. The presentation to the school board was done using a full façade picture ( a long horizontally and short vertically picture of the entire east side of the building) with colored pencil (pastel) colors rather than the bright and shiny panels that were installed. The Architect later admitted that was intentional as they knew the bright panels wouldn’t get approved… As these things go, the Architect for the Culver Union Township Library addition then decided to carry the nautical theme and create a sail effect… which has since been removed/modified due to multiple issues…

Culver Community Middle School Gym during glass block replacement

So now we’re in a new era. The elementary school panels have been repainted in earth tones (very nice) and the glass block is going away at the middle school. Since I haven’t seen the plans, I don’t know if all of the glass block is going away, but it appears they are saving the vertical bands at the corners. Future generations will wonder why it’s there and a future school board will undoubtedly change that too.

10 Years

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Mary Ellen Rudisel Jordan

I’ve been thinking about a good friend, Mary Ellen Rudisel Jordan. Yesterday was her Birthday She would have been 72.

She died in a car crash 10 years ago. It doesn’t seem like it can be that long ago. She often comes to mind since I continue to work with the reincarnation of her firm, SRKM Architecture. The R remains as a tribute to Mary Ellen.

Mary Ellen was always my go-to when I needed a quick sketch or an elegant, but simple, solution to a minor design problem. We completed more than a few projects together, many of those for Richard Ford, another departed friend. Mary Ellen was returning from a meeting with Richard when she was struck by an oncoming car, in the wrong lane, on a blind hill, in a no passing zone. I can’t drive that section of road without thinking of her. Rest in Peace, Mary Ellen.

Culver Thoughts

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I met some Culverites for dinner recently and they asked some questions that got me thinking. I thought I would share some of my thoughts here. I would credit them for some of this, but since I didn’t ask their permission, they get to remain anonymous. Probably safer for them anyway! Ha!

They wanted my thoughts on a new development in Culver. (One they wanted to pursue, not one of the current ones moving through the processes.) To be honest, I found myself struggling to stay positive. That was not the case 6 years ago when Culver was in the middle of their two Stellar applications. I was on those two committees and while there were some naysayers, as there always are, they were far outweighed by those with a sense of enthusiasm and camaraderie that pulled the community together.

To be clear, I don’t want to belittle what has been accomplished in the last few years. Culver’s Stellar designation has been parlayed into two grants awarded through the Regional Cities Initiative, at least five grants from the Marshall County Community Foundation and matching grants from OCRA, IHDCA and INDOT. So far this has resulted in a new Amphitheater in the Park, major renovations to the Beach Lodge, a new sports park with a playground on school property, new walking/biking trails as well as ancillary benefits not directly funded tied to Stellar, but resulting from Stellar.

When we first started down the path of toward Stellar designation, the scuttlebutt was that Stellar had the reputation of a “Mayor Killer”. In several communities that had attempted or received Stellar designations, the Mayor that promoted the effort was voted out in the next term. OCRA’s assessment of this was that this was mostly due to things not happening quickly enough, allowing opponents to point to the outlays involved with Stellar and profess there was no return on the investment.

Culver didn’t really have that issue as there were enough people involved in Stellar and enough of them understood the time lines in order to refute those claims. Ginny Munroe as our de facto Mayor didn’t let things languish and the town remained well informed about the progress. We’ve lost Ginny’s leadership at this point and there is a void with the Council.

Ginny began Culver Crossroads to chart the next steps for Culver, but I feel that it is losing it’s momentum. I initially served on two Culver Crossroads subcommittees which have fizzled out. One is gone and the second is really down to one person doing the work of the committee. The Culver Crossroads steering committee is also serving as the steering committee to revise the comprehensive plan and that feels like it is losing steam as well. It is odd, because I know there are people on that committee that are still motivated and excited about change, but my feeling is that this isn’t translating into much action between meetings.

On top of that, we have community members actively trying to sabotage input surveys with negativity. We have decent projects being opposed in public meetings and in some cases derailed by procedural attacks. We have seen project support pulled without discussion. All of these things are troubling.

To go back to the conversation I referenced above, I don’t feel like the town’s elected leaders and appointed boards have the same appetite for change that they did when Stellar started. They are still moving some things forward, but it feels like it’s being done with a more scatter-shot approach. We’re going back to dealing with individual things in lieu of pursuing our aspirations of bigger and better things. (Blue Zones is an aspirational project and the recent handling of that didn’t look good.) The three largest projects that are being worked on by the town are all projects brought to them by developers rather than projects they have specifically pursued to meet new goals. That’s a switch in mindset.

It’s not hopeless. It’s just harder than it was and harder than it needs to be. Culver Crossroads is working to create new aspirations for the town. Hopefully the town officials will embrace them and move them forward.