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HomeMy WebLinkAboutCC-07-21-14-01 Old Meridian Economic Development Area/Grand & Main Sponsor(s): Councilor(s) Snyder and Rider RESOLUTION CC-07-21-14-01 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA APPROVING CERTAIN MATTERS IN CONNECTION WITH THE OLD MERIDIAN ECONOMIC DEVELOPMENT AREA WHEREAS, the City of Carmel Redevelopment Commission (the "Redevelopment Commission"), as the governing body for the City of Carmel Redevelopment Department, pursuant to Indiana Code 36-7-14, as amended (the "Act), adopted a Resolution on July 14, 2014 (the "CRC Resolution"), which made certain amendments to the previously declared Old Meridian Economic Development Area (the "Economic Development Area") and the Economic Development Plan (the"Plan") for the Economic Development Area(such Plan amendments,the "Plan Supplement"); and WHEREAS, the City of Cannel Plan Commission, on July 15, 2014, approved and adopted a resolution (the "Plan Commission Order") determining that the CRC Resolution and Plan Supplement conform to the plan of development for the City of Cannel and approving the CRC Resolution and the Plan Supplement. NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of Cannel, Indiana, as follows: 1. Pursuant to Section 16(b) of the Act, the Common Council of the City determines that the CRC Resolution and the Plan Supplement, in all respects, conform to the plan of development for the City, and approves in all respects, the CRC Resolution, the Plan Supplement, and the Plan Commission Order. 2. This Resolution shall be in full force and effect from and after its passage by the Council and approval by the Mayor as required by law. S 4- PASSED by the Common Council of the City of Cannel, this I day of , 2014,by a vote of 7 ayes and C) nays. COMMON COUNCIL OFT .E CITY OF CARMEL,INDIe. • V✓t' Presiciin Officer Ke?Z;----- :)' in D. Rider itk W. Eric Sei ensticker, President Pro Tempore Carol Schleif . ,--er—a-e - y • / / _..a r it Ro ald E. Carter Richard L. Sharp / A r / b'inka fi Luci - der / ATTES : Ai/ re ,/ Diana L. Cordray, IAMC, Clerk-Treat er n Presented by me to the Mayor of the City of Carmel, Indiana, this c2c9 day of Ctu-14 , 2014, at 9:3y A.M. 1 ° / 0 ; , , 1 ." i o' Diana L. Cordray, IAMC, Clerk-Trea-i er Approved by me, Mayor of the City of Carmel, Indiana, this c2 day of , 2014, at Jo:oO A-.M. J es Brainard, Mayor ATTEST: /(a.:,1"auX /I i/Diana L. Cordray, IAMC, Clerk-T Vasurer Prepared by: Bruce D. Donaldson Barnes &Thornburg LLP 11 South Meridian Street Indianapolis, IN 46204 INDS01 BDD 1465108v2 2 IRESOLIUTISN NO:20144 RESOLUTION'OFTHE CITY 41E-CARMEL REDEVELOPMENTOOMMMSION AMENDING THE DECLARATORY RESOLUTION FOR.THE OLD,MERIDIAN ECONOMIC DEVELOPMENT AREA. the City:of Carmel Redovoloptheritcomati$siOlt Oho-"COMMiSSiotiqpi6aatit to MI6-744(the`Aal:s&Ves,as:.tho governing body-oftheCityofCatnelRedevelopmcntDistriet (the 'Us:trial;and WIIEREA ,..theCOMMisSionhasprevionslyadopted and confinned,re5Q114,400S. the "Declaratory Resolution") which,established and expanded,an economic development area known as the:"otamoidio:4Ewbottlic Development Area7(the.,"EC,OhOinic Development Aree),, designated the gpQnQII*DevelppmpritAreafanct expansion thereto as anallOpation,areapnrsnatit to !Section 39, of the Act (as expanded,,the ‘Old mettaailstreot Allocation,Areal and:approved a development plan for the ECOhOitk DelielOpthat Area(the llati7),purspant lo the Act;and WHEREAS,the Commission now desires to amend the theDeclaratoryResolution and!Plan to remove the area described on Exhibit kattachedhereto from the Old Meridian Street Allocation Area 00-,to designate the area doscrihedon,.EXhib#A attached hereto as a separate allocation area pursuant to Section:19::oftheAettobe kriONVii:;as the Grand&Main AllbcationArea(thecirand,:44: Main Allocation Ai ea' and(iE)to adopt 24.-supPleinenttatheIlan attached her Exhibit B(the '‘c:2 al 4 Plan Supplemerin-(clauses(i), (ii)and c011ectively,the"2014 Aineridinentel;and WHEREAS,the10,14-Amenclinent :andsapporting data were reviewed and sidered at-this moeting;,and 'WHEREAS,:Sections 41„and 43 of the Aapormitthe creation ofc'OCOitOtitic,d0610priidtit areas7-:atier:provide that all of theifights,:powers.,privileges and Eninuniti s that may be exercised by this Commission in a'redevelopment area or uthah;renewat area may beexercised.irt:an•eterionlie :developuetit.atea3 subject to!the conditions 50.t forth.iP.the Act; and WHEREAS,this Commission deems it advisabl to apply the provisions of said Sections 41. and'43oftheAct to the 2014 Amendrnents; and, WHEREAS,the Commission nowdesires to approve the 1014:Ainctidinents 'NOW, THEREFORE, BE IT RESOLVED by the City of Cannel Redevelopment CoMmission,governing body of the City of Canñl Redevelopment District, as':follow ; 'L. It will be of public utility and benefit to amend the Declaratory Resolution and the Plan.for the Economic Development Area as provided iti!the.2014,Amendments and to continue to develop the Economic Development Area,including the Grand.4.t.Main Allocation Area,:ntideethe Act. 2. The Declaratory Resolution and the Plan,as amended by this Resolution and the 2014 Plan Supplement, conform to the comprehensive plan of development for the City. 3. The 2014 Amendments are reasonable and appropriate when considered in relation to the Declaratory Resolution and Plan and the purposes of the Act. 4. The findings and determinations set forth in the Declaratory Resolution and the Plan are hereby reaffirmed. 5. In support of the findings and determinations set forth in Sections 1 through 4 above, the Commission hereby adopts the specific findings set forth in the 2014 Plan Supplement. 6. The Commission does not at this time propose to acquire any specific parcel of land or interests in land within the boundaries of the Grand&Main Allocation Area. If at any time the Commission proposes to acquire specific parcels of land,the required procedures for amending the Plan, as amended by the 2014 Plan Supplement,under the Act will be followed,including notice by publication to affected property owners and a public hearing. 7. The Commission finds that no residents of the Economic Development Area will be displaced by any project resulting from the 2014 Plan Supplement, and therefore finds that it does not need to give consideration to transitional and permanent provision for adequate housing for the residents. 8. The 2014 Amendment is hereby in all respects approved. 9. The area described in Exhibit A is hereby removed from the Old Meridian Street Allocation Area, and is hereby designated as a separate"allocation area"pursuant to Section 39 of the Act to be known as the "Grand & Main Allocation Area," for purposes of the allocation and distribution of property taxes for the purposes and in the manner provided by said Section. Any taxes imposed under I.C. 6-1.1 on real property subsequently levied by or for the benefit of any public body entitled to a distribution of property taxes on taxable property in said allocation area shall be allocated and distributed as follows: Except as otherwise provided in said Section 39, the proceeds of taxes attributable to the lesser of the assessed value of the property for the assessment date with respect to which the allocation and distribution is made, or the base assessed value, shall be allocated to and when collected paid into the funds of the respective taxing units. Except as otherwise provided in said Section 39,property tax proceeds in excess of those described in the previous sentence shall be allocated to the redevelopment district and when collected paid into an allocation fund for the Allocation Area hereby designated as the"Grand&Main Allocation Fund"and may be used by the redevelopment district to do one or more of the things specified in Section 39(b)(3) of the Act, as the same may be amended from time to time. Said allocation fund may not be used for operating expenses of the Commission. Except as otherwise provided in the Act,before July 15 of each year,the Commission shall • -take:the actions set forth in Secti'on,39(b)(4)of the Aet, 10. The foregoing allocation provision shall apply to all.of the.Grand"&Main Allocation Area. Met orninissionhereby finds that the adoptionof this allocatio n provision:will restilt.in new property taxes in the Grand&MMainAllocation Area:th at would not have been-generated but forthe adoption,of the allocation provision,as specifically evidencecl'by the findings set forth in.Exhibit B. hereto. The base.assessment date for the Grand.&Main Allocation area:is Match 1,2014. ,. 11. `fhe pro�msions of this Resolution:shall be subject in all iespccts to the Act,=andany amendments thereto,and:the allocation provisions:herein relatingto the.Allocation Area expire on the.date that is twenty-,five(25)years!after.the date.on which the.first obligation is inearred-to pay ,principal and interest on bonds.or: lease:rentals on leases payable from fax:increrneiht revenues derived_front ithe Grand&:Main Allocation Area.. 12, This Resolution,together with any supporting data,shall be submitted to the.Ci.typf Carmel Plan Commission •he Tan . o n.m.i.ssi:ori''),and•the Common'Council,of the City (the. "Council")as,provided zn the Act,and if approved by the Plan Commission andthetCouncil,'shallbe submitted to a public hearing and remonstrance a s-provided:,by the Act, after public notice :as required by the Act., Adopted.the.l4`h day ,of July, 2014. CITY OF CARMEL REDEVELOPMENT` Ct.MMISSiON' President ` '1' • • -Vices President Secreta S,,,,,-' 1:„1.,,,. ::.: ..'.,,--'t,„'' 1 ;,(:rs'i!--V.L,)::4:''I.--'''' ' Haub - / . . Member • EXHIBIT A Description of the Grand & Main Allocation Area LEGAL DESCRIPTIONS: PARCEL 1 (OM LAND HOLDINGS,LLC) III A PART OF THE SOUTHEAST QUARTER OF SECTION 26,TOWNSHIP 18 NORTH,RANGE 3 EAST,CLAY TOWNSHIP,HAMILTON COUNTY,INDIANA,MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID QUARTER SECTION;THENCE SOUTH 89 DEGREES 08 MINUTES 21 SECONDS WEST 1,036.75 FEET ALONG THE NORTH LINE OF SAID QUARTER SECTION TO THE NORTHEAST CORNER OF REAL ESTATE DESCRIBED IN INSTRUMENT NUMBER 2006-00033639 IN THE.OFFICE OF THE RECORDER OF HAMILTON COUNTY, INDIANA ALSO BEING THE POINT OF BEGINNING OF THIS DESCRIPTION;THENCE SOUTH 00 DEGREES 18 MINUTES 29 SECONDS EAST 279.88 FEET ALONG THE EAST LINE TO A POINT ON THE NORTH LINE OF REAL ESTATE DESCRIBED IN INSTRUMENT NUMBER 2006-00033637 IN SAID RECORDER'S OFFICE;THENCE NORTH 89 DEGREES 08 MINUTES 21 SECONDS EAST 754.18 FEET PARALLEL WITH SAID NORTH LINE TO THE WESTERLY RIGHT-OF-WAY LINE OF OLD MERIDIAN STREET (FORMERLY U.S.HIGHWAY 31);THENCE SOUTH 35 DEGREES 39 MINUTES 16 SECONDS WEST 1,291.83 FEET ALONG SAID WESTERLY RIGHT-OF-WAY LINE TO THE SOUTH LINE OF THE NORTH HALF OF THE SOUTHEAST QUARTER SECTION;THENCE SOUTH 89 DEGREES 05 MINUTES 47 SECONDS WEST 632.98 FEET ALONG SAID SOUTH LINE TO THE WEST LINE OF THE 10 ACRE TRACT DESCRIBED IN INSTRUMENT NUMBER 2003-97403 IN SAID RECORDER'S OFFICE;THENCE NORTH 00 DEGREES 12 MINUTES 48 SECONDS WEST 700.00 FEET PARALLEL WITH THE EAST LINE OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER SECTION TO THE NORTH LINE OF TRACT 7 DESCRIBED IN INSTRUMENT NUMBER 2006-00033643 IN SAID RECORDER'S OFFICE;THENCE NORTH 89 DEGREES 05 MINUTES 47 SECONDS EAST 309.02 FEET PARALLEL TO SAID SOUTH LINE TO THE WEST LINE OF TRACT 11 DESCRIBED IN INSTRUMENT NUMBER 2006-00033647 IS SAID RECORDER'S OFFICE; THENCE NORTH 00 DEGREES 53 MINUTES 21 SECONDS EAST 338.76 FEET ALONG SAID WEST LINE AND PROLONGED WEST LINE TO THE SOUTHWEST CORNER OF TRACT 1(AKA:TRACT 3 AS RECORDED IN INST.NO.:1996-26849); THENCE NORTH 00 DEGREES 18 DEGREES 29 SECONDS WEST 279.88 FEET ALONG THE WEST LINE OF TRACT 1 AS DESCRIBED IN INSTRUMENT NUMBER 2006-00033637 IN SAID RECORDER'S OFFICE TO THE NORTH LINE OF SAID QUARTER SECTION;THENCE NORTH 89 DEGREES 08 MINUTES 21 SECONDS EAST 315.00 FEET ALONG SAID NORTH LINE TO THE PLACE OF BEGINNING CONTAINING 23.624 ACRES,MORE OR LESS. PARCEL 2(BOOMERANG DEVELOPMENT,LLC) A PART OF THE SOUTHEAST QUARTER OF SECTION 26,TOWNSHIP 18 NORTH,RANGE 3 EAST,CLAY TOWNSHIP,HAMILTON COUNTY,INDIANA,MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID QUARTER SECTION;THENCE SOUTH 89 DEGREES 08 MINUTES 21 SECONDS WEST 1,351.75 FEET ALONG THE NORTH LINE OF SAID QUARTER SECTION TO THE NORTHEAST CORNER OF REAL ESTATE DESCRIBED IN INSTRUMENT NUMBER 2005-00019281 IN THE OFFICE OF THE RECORDER OF HAMILTON COUNTY, INDIANA ALSO BEING THE POINT OF BEGINNING OF THIS DESCRIPTION;THENCE SOUTH 00 DEGREES 18 MINUTES 29 SECONDS EAST 279.88 FEET ALONG THE WEST LINE TO A POINT ON THE NORTH LINE OF REAL ESTATE DESCRIBED IN INSTRUMENT NUMBER 2006-00033637 IN SAID RECORDER'S OFFICE;THENCE SOUTH 00 DEGREES 53 MINUTES 21 SECONDS WEST 338.76 FEET ALONG SAID WEST LINE AND PROLONGED WEST LINE TO THE SOUTHWEST CORNER OF TRACT 11 AS DESCRIBED IN INSTRUMENT NUMBER 2006-00033647 IN SAID RECORDER'S OFFICE AND TO THE NORTH LINE OF REAL ESTATE DESCRIBED IN INSTRUMENT NUMBER 2006-00033643 IN SAID RECORDER'S OFFICE;THENCE SOUTH 89 DEGREES 05 MINUTES 47 SECONDS WEST 309.02 FEET ALONG SAID NORTH LINE TO THE WEST LINE OF A 10 ACRE TRACT;THENCE NORTH 00 DEGREES 12 MINUTES 48 SECONDS EAST 618.81 FEET ALONG SAID WEST LINE OF SAID 10 ACRE TRACT PARALLEL WITH THE WEST LINE OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION TO THE NORTH LINE OF SAID QUARTER QUARTER;THENCE NORTH 89 DEGREES 08 MINUTES 21 SECONDS EAST 310.47 FEET ALONG SAID NORTH LINE TO THE TO THE PLACE OF BEGINNING CONTAINING 4.421 ACRES,MORE OR LESS. PARCEL 3(HEATHCO) PART OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SECTION TWENTY-SIX(26),TOWN EIGHTEEN(18)NORTH, RANGE THREE(3)EAST,BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN THE NORTH LINE THEREOF DISTANT EAST SIX HUNDRED NINETY-NINE(699)FEET OF THE NORTHWEST CORNER THEREOF,THENCE SOUTH THREE HUNDRED(300)FEET,THENCE EAST ONE HUNDRED(100) FEET,THENCE NORTH THREE HUNDRED(300)FEET,THENCE WEST ONE HUNDRED(100)FEET TO THE PLACE OF BEGINNING. PARCEL 4(SIMMERMAN) LAND IN HAMILTON COUNTY,STATE OF INDIANA,BEING PART OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SECTION 26,TOWNSHIP 18 NORTH,RANGE 3 EAST,BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN THE NORTH LINE THEREOF DISTANT EAST 799 FEET OF THE NORTHWEST CORNER THEREOF;THENCE SOUTH 300 FEET,THENCE EAST 100 FEET,THENCE NORTH 300 FEET,THENCE WEST 100 FEET TO THE PLACE OF BEGINNING. ADDRESSES AND PARCEL NUMBERS: Boomerang Development, LLC Site Address: 1335 West Main Street Parcel Number: 17-09-26-04-01-008.000 Site Address:0 West Main Street Parcel Number: 17-09-26-04-01-009.000 Site Address: 1325 West Main Street Parcel Number: 17-09-26-04-01-010.000. OM Land Holdings, LLC Site Address: 1314 West Main Street Parcel Number: 17-09-26-04-01-011.000 Site Address: 1305 West Main Street Parcel Number: 17-09-26-04-01-012.000 Site Address:0 West Main Street Parcel Number: 17-09-26-04-01-013.000 Site Address: 0 Old Meridian Street Parcel Number: 17-09-26-04-01-022.000 Site Address: 12908 Old Meridian Street Parcel Number: 17-09-26-04-01-023.000 Site Address:0 Old Meridian Street Parcel Number: 17-09-26-04-01-024.000 Site Address: 12902 Old Meridian Street Parcel Number: 17-09-26-04-01-025.000 Site Address: 12890 Old Meridian Street Parcel Number: 17-09-26-04-01-026.000 Parcel Number: 17-09-26-04-01-027.000 Site Address: 12852 Old Meridian Street Parcel Number: 17-09-26-04-01-028.000 Parcel Number: 16-09-26-04-01-030.000 Site Address:0 Old Meridian Street Parcel Number: 16-09-26-04-01-029.000 Parcel Number: 16-09-26-04-01-031.000 Site Address: 12840 Old Meridian Street Parcel Number: 17-09-26-04-01-032.000 Heathco, Richard T. & Marilyn Site Address: 1411 West Main Street Parcel Number: 17-09-26-04-01-005.000 Simmerman, Harry L. Family Trust Site Address: 1403 West Main Street Parcel Number: 17-09-26-04-01-006.000 The Grand&Main Allocation Area also includes any and all public rights of way that physically connect any of the above described parcels. EXHIBIT B 2014 Plan Supplement The Plan is hereby supplemented by adding the following projects to the Plan: The design and construction of public streets, including the extension of Grand Boulevard and the potential contribution to Main Street improvements as well as on-site Urban Collector Streets as required by the Carmel Clay Comprehensive Plan, and the design and construction of a parking structure, all to support a proposed mixed use development generally to be located in the southeast quadrant of the intersection of Main Street and Grand Boulevard, in the City of Carmel, Indiana. The estimated cost of these improvements is $10,300,000. Based on representations of the developer of the mixed use project, the Commission has determined that the development will not proceed as planned without the contribution of tax increment revenues to be derived from the Grand&Main Allocation Area to the projects described above. INDS01 BDD 1465071v2 RESOLUTION NO.PC-07-15-14 RESOLUTION OF THE CITY OF CARMEL PLAN COMMISSION APPROVING AMENDMENTS TO THE DECLARATORY RESOLUTION AND DEVELOPMENT PLAN FOR THE OLD MERIDIAN ECONOMIC DEVELOPMENT AREA WHEREAS, the City of Carmel Redevelopment Commission (the "Redevelopment Commission")on July 14,2014,approved and adopted a Resolution(the"Resolution")approving certain amendments to the declaratory resolution and development plan for the Old Meridian Economic Development Area(the "Plan Supplement"); and WHEREAS, the Redevelopment Commission has submitted the Resolution and the Plan Supplement to this Plan Commission. • NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF CARMEL PLAN COMMISSION,as follows: 1. The Resolution and the Plan Supplement conform to the plan of development for the • City of Carmel,Indiana. 2. This Plan Commission hereby approves the Resolution and the Plan Supplement. This resolution hereby constitutes the written order of the Plan Commission approving the Resolution and the Plan Supplement pursuant to I.C. § 36-7-14-16. 3. The Secretary of this Plan Commission is hereby directed to file a copy of the Resolution and the Plan Supplement with the minutes of this meeting. SO RESOLVED BY THE CITY OF CARMEL PLAN COMMISSION this 15th day of July, 2014. CITY OF CARMEL PLAN COMMISSION President ry Te.... ATTEST: Secretary INDS01 BDD 1465103x1 h mein at Vii!�� o — c `tt Er 0 0 1 co o o o °o ° 9 ° � � Jr ' mi CL(NJ dN l 0) CO W �O /,'` “ o 9 - /i mil 9 O ', r-- r r r /i .. E. 1 >! i1 O ;GG - �I. Parcel 17-09-26-04-01-013.000 Parcel 17-09-26-04-01-022.000 ° Fairfax LlAnor Dr „ >r .=.jl.' 9 Parcel 17-09-26-04-01-023.000 i! 2 o 1 co n. N Parcel 17-09-26-04-01-024.000 ., ,t r- Parcel 17-09-26-04-01-025.000 Parcel 17-09-26-04-01-026.000 �; l Parcel ). Parcel 17-09-26-04-01-028.000 17-09-26-04-01-027.000 r �Y l II C77 - It Parcel 16-09-26-04-01-029.000 16 09-26 04 01-029.000 11 Parcel 16-09-26-04-01-030.000 A Parcel 16-09-26-04-01-031.000 r ' - . ' ■ / 11,, Parcel 17-09-26-04-01-032.000 \\NN.'' , ,.;\ �r� r'e o` it 0 ;;/ - \ , N 0 0.c,.0 0.0