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HomeMy WebLinkAboutD-2206-15 Amend D-2175-14 Exhibit A/Edward Rose Development Co Sponsors: Councilors Rider and Snyder ORDINANCE D-2206-15 AS AMENDED AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, AMENDING ORDINANCE D-2175-14 WHEREAS, by Ordinance D-2175-14 adopted by the Common Council (the "Council") of the City of Carmel, Indiana (the "City") on August 18, 2014 (the "Bond Ordinance"), the Council authorized the issuance of the City's Economic Development Revenue Bonds, Series 2014 (Edward Rose Development Company, L.L.C. Project) in an amount not to exceed Eleven Million Five Hundred Thousand Dollars ($11,500,000) (the "Bonds") for the purpose of financing the projects identified in Exhibit A to the Bond Ordinance (the"Projects"); and WHEREAS, the Council now desires to amend Exhibit A to the Bond Ordinance to add an additional project to the list of Projects identified therein eligible to be financed with the proceeds of the Bonds; NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, THAT: Section 1. Amendment to Exhibit A to the Bond Ordinance. The Common Council hereby amends Exhibit A to the Bond Ordinance to add the design and construction of a pedestrian parkway to the list of Projects identified therein as eligible to be financed with the proceeds of the Bonds. The revised Exhibit A is attached as Exhibit A to this Ordinance. Section 2. Effective Date. This Ordinance amending the Bond Ordinance shall be in full force and effect immediately upon adoption and compliance with I.C. § 36-4-6-14. fL PASSED by the Common Council of the City of Carmel, this c).0 day of , 2015,by a vote of `7 ayes and a nays. VERSION A—4116115 Finance, Administration and Rules Committee COMMON COUNCIL OF THE CITY OF CARMEL,IN ANA Presiding fficer evin D. Rider / r rUe )1N Richard L. harp, 'resident Pro Tempore Carol Schleif Ron d E. Carter W. Eric Sei ensticker .1 Jo' _ ue' inkam Luci_S der ATTEST: jcz Diana L. Cordray, IAMC, Clerk-Treasure / Presented by me to the Mayor of the City of Carmel, India a, this a day of 2015, at q:44-1 f$.M. c Diana L. Cordray, IAMC, Clerk-Trea' er Approved by me, Mayor of the City of Cannel, Indiana, this a I day of C 2015, at2:•'f0 f .M. J es Brainard,Mayor ATTEST: AL:e-A) Diana L. Cordray, IAMC, Clerk-Treaer Prepared by: Bruce D. Donaldson Barnes &Thornburg LLP 11 South Meridian Street Indianapolis, IN 46204 2 VERSION A—4/16/15 Finance, Administration and Rules Committee EXHIBIT A DESCRIPTION OF THE PROJECTS 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 Connector Streets as required by the Carmel Clay Comprehensive Plan, the design and construction of a pedestrian parkway 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. INDS01 BDD 1492844v2 3 VERSION A—4/16/15 Finance, Administration and Rules Committee