HomeMy WebLinkAboutCRC-2015-06 Grand & Main Allocation Area RESOLUTION NO. 2015-6
A RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION
AMENDING RESOLUTION NO. 2014-11 PREVIOUSLY ADOPTED BY THE
COMMISSION
WHEREAS, the City of Carmel Redevelopment Commission (the "Commission") has
created the Old Meridian Economic Development Area, has designated a portion of such area as
the Grand & Main Allocation Area (the "Allocation Area") for purposes of the allocation and
distribution of property taxes under IC 36-7-14-39, and has created the Grand & Main Allocation
Fund pursuant to IC 36-7-14-39; and
WHEREAS, on August 20, 2014, the Commission adopted its Resolution No. 2014-11
(the "TIF Pledge Resolution") pursuant to which the Commission pledged TIF Revenues (as
defined in the TIF Pledge Resolution) derived from the Allocation Area to the payment of the
Bonds (as defined in the TIF Pledge Resolution) to finance all or a portion of the costs of the
design and construction of the projects listed in Exhibit A to the TIF Pledge Resolution (the
"Projects"), which will be located in or physically connected to the Allocation Area; and
WHEREAS, the Commission now desires to amend Exhibit A to the TIF Pledge
Resolution 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 RESOLVED by the City of Carmel Redevelopment
Commission, as follows:
1. The Commission hereby amends Exhibit A to the TIF Pledge Resolution to add
the design and construction of a pedestrian parkway to the list of Projects identified therein.
2. This resolution shall take effect immediately upon adoption by the Commission.
Adopted the 17th day of June, 2015.
CITY OF CARMEL REDEVELOPMENT
COMMISSION
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