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Home My WebLink AboutCC-03-16-15-04 CRC Sale of Property (.908 acres located at 3rd/4th Avenue SW) SPONSOR(s): Councilor Snyder,Councilor Rider, Councilor Finkam RESOLUTION CC-03-16-15-04 AN RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL,INDIANA, REGARDING THE APPROVAL OF SALE OF REAL PROPERTY BY THE CITY OF CARMEL REDEVELOPMENT COMMISSION WHEREAS, the Common Council of the City of Carmel, Indiana(the "Council") is the fiscal body for the City of Carmel,Indiana(the "City"); and WHEREAS, the City of Cannel Redevelopment Commission (the "CRC") is a governmental entity created and authorized to administer certain redevelopment activities within the City; and WHEREAS, Resolution CC-10-06-14-06, passed by the Council on October 6, 2014, authorized transfer of certain property known as Tax Parcel Number: 16-09-25-04-05-006.000 further described on Exhibit A attached hereto and incorporated herein, and a .908 acre parcel which is excess right of way and which does not have a Tax Parcel Number (the "Excess Right of Way") further described on Exhibit B attached hereto and incorporated herein, generally located at 3`d/4th Avenue SW (collectively the "Property") from the City to the CRC; and WHEREAS, Resolution CC-10-06-14-06 provided that upon the Property's sale by the CRC, the purchase price for the Property shall be mutually agreed upon with the Common Council; and._.: WHEREAS, on February 24, 2015, the CRC received a bid for the purchase of the Property, the details of which are further described on Exhibit C, attached hereto and incorporated herein; and WHEREAS, the CRC has determined that it is now in the best interests of the CRC and the City to effectuate the sale of the Property as proposed in Exhibit C. NOW, THEREFORE, BE IT HEREBY RESOLVED AND AGREED BY THE COMMON COUNCIL OF THE CITY OF CARMEL,INDIANA,AS FOLLOWS: Section 1. The foregoing Recitals are fully incorporated herein by this reference. Section 2. Pursuant to Resolution CC-10-06-14-06, the Council hereby approves the CRC's acceptance of Old Town Development L.L.C. and Barrett & Stokley, Inc.'s offer of One Million Seven Hundred Twenty- Two Thousand Dollars ($1,722,000.00) as the purchase price for the Property. Section 3. The CRC shall take all steps necessary to effect the sale of the Property between the CRC and Old Town Development, L.L.0 and Barrett& Stokley,Inc. This Resolution was prepared by Jon Oberlander, Carmel Assistant City Attorney,on March 5,2015 at 10:25 a.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. SNoberlander\ResolutionslCity CouncilRESOLUTION CC-xx-xx-l5-xx-Regarding Sale Price of Property CRC.docx 3/6/2015 11:32 AM • SPONSOR(s): Councilor Snyder,Councilor Rider, Councilor Finkam SO RESOLVED by the Common Council of the City of Cannel, Indiana,this (Co day of Y`C\oJ.c9'\ , 2015,by a vote of 1 ayes and 0 nays. COMMON COUNCIL FOR THE CITY OF CARMEL 4tr /0 h iliP Pre ' ing Office evin D. Rider/(0:i....,, • P tj / / 1 Richard L. Sharp, resident Pro Tempore Carol Schleif 2 -/A r.,_ , Y-I!' . . Carter W. Eri/ eidensticker T (.... ......., ki...... Ah,....::, .4410W‘ '..e..r _...',41 411) ' S. 'ink. �7uci S• der • _ ATTEST: / k 4 1e , Diana L. Cordray,IAMC, Clerk-Treas ler Presented by me to the Mayor of the City of Carmel, Indiana this I 1 day of no.c.k. ,2015, at 10. VD. P .M. /04-1-VCA...)- Diana L. Cordray, IAMC, Clerk-Treasurer Approved by me,the Mayor of the City of Carmel, Indiana,this I b4day of In O tc , 2015, at l e- ?,O _ A .M. 1 1 I o' J es Brainard, Mayor iateuk,k) ATTEST: Diana L. Cordray, IAMC, Clerk-TreasureM This Resolution was prepared by Jon Oberlander,Carmel Assistant City Attorney,on March 5,2015 at 10:25 a.m.No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. S:ljoberlanderlResolutions\City Council'RESOLUTION CC-xx-xx-l5-xx-Regarding Sale Price of Property CRC.docx 3/6/2015 11:32 AM SPONSOR(s): Councilor Snyder,Councilor Rider, - Councilor Finkam EXHIBIT "A" • PARCEL 1 16-09-25-04-05-006.000 Part of the East Half of the Southeast Quarter of Section 25, Township 18 North, Range 3 East in Hamilton County,Indiana,more particularly described as follows; Beginning 4882 feet East and 732.44 feet South of the Northwest comer of the East Half of the Southeast Quarter of said Section 25,Township 18 North,Range 3 East,said point being on the West right-of way line of the Monon Railroad, run South along said right-of-way line 536,70 feet to a large post (now an iron pipe); thence West(making an interior angle of 88 degrees 28 minutes 30 seconds)along a fence line 163.00 feet to an iron stake;thence north(taking an interior angle of 91 degrees 31 minutes 30 seconds)parallel with said right- of-way line 532.00 feet to an iron stake; thence East (making an interior angle of 90 degrees 07 minutes 34 seconds)parallel with the North line of said Quarter Section 163.0 feet(162,94 feet measured)to the place of beginning. This said North line is the South line of an unnamed 40 foot street(now 2nd Street Southwest) running East and west, Containing 2.0 acres,more or less, • This Resolution was prepared by Jon Oberlander,Carmel Assistant City Attorney,on March 5,2015 at 10:25 a.m.No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. S:1joberlanderSResolutionslCity Council'RESOL!JT[ON CC xx-xx-l5-xx-Regarding Sale Price of Property CRC.docx 3/6/2015 11:38 AM SPONSOR(s): Councilor Snyder,Councilor Rider, Councilor Finkam PAGE 1 of 2 EXHIBIT'S' 3RD/4TH AVENUE REMAINDER PARCEL (ind a portion of 3rd Ave.SW Right-of-Way) Part of The Southeast Quarter Section 25, Township 18 North, Range 3 East in the Hamilton County, Indiana, more particularly described as follows: Commencing at a point on the West line of the East Half of said Southeast Quarter Section, sold point being a distance of 732.44 feet South of the Northwest comer thereof, sold point also being the intersection of the East line of 4th Avenue S.W. and the Southll'lne of 2nd Street S.W. in the Town of Carmel; Thence North,89 degrees 09 minutes 00 seconds East`(ossumec4 bearing per Deed Record 324, page 389 of the records on file In the Office of the Hamilton Recorder), along the South line of 2nd Street S.W., a distance of 9.00 feet; Thence South 00 degrees 18.minutes 00 seconds West 5.00 feet to the PLACE OF BEGINNING; Thence North 89 degrees 09 minutes 00_seconds East a distance of 165,74 feet to the East line of 3rd Avenue S.W. (per Instrument No,2605-0647172N Thence South 00 degrees 57 minutes 31 seconds West, along said East line, a distance of:376:67 feet to a point on a curve; Thence Northwesterly 57.58 feet, along a curve to the left, having a radius of 290.00 feet and subtended by a chard bearing North 26 degrees 20 minutes 36 seconds West,57, .49-feet; Thence North 33 degrees 35 minutes 37 seconds West a distance of 183,39 feet to a point.o� n a curve; Thence Northwesterly 121.32 feet along a curve to the right, having a radius of 215.00 feet.,and subtended by a long chord having o bearing of North 15 degrees 51 minutes 57 seconds West and a length of 119.72 feet; Thence North 00 degrees 18 minutes 00 seconds East a distance of 5472 feet to the PLACE OF BEGINNING. CONTAINING 0.908 ACRES(39,544 SQUARE FEET) more or less, Including 0.366 Acres (more or less) of right—of—way for 3rd Avenue SW, and being subject to any other rights of way, easements or restrictions of record or observable. I, Trent E. Newport, a Registered Land Surveyor in the State of Indiana, do herby certify that the above description was prepared under my direct supervision an February 14, 2007 from the arignal deed records of the property descibed. No field work was performed and therefore, this description is subject to any overlaps, gaps, or inconsistencies that a field survey might reveal. aGSNfpa� TRENT E.NEWPORT No. 29600021 INDIANA LAND'SURVEYOR NO. LS 29600021 STATE OF � DIA • pIV PREPARED BY: \ yp SURV�,'t • 140"1-7%- • • iff CRO55RDAD ENGifIlt FC Trufeportttlon& Development Consnllnnts govouvrof mover mo mates This Resolution was prepared by Jon Oberlander,Carmel Assistant City Attorney,on March 5,2015 at 10:25 a.m.No subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise. S:\joberianderlResolutionslary CouncillRESOLUTION CC-xx-xx-15-xx-Regarding Sale Price orProperty CRC.docx 3/6/2015 11:38 AM SPONSOR(s): Councilor Snyder,Councilor Rider, .Councilor Finkam PAGE 2 of 2 EXHIBIT'B' PREPARED BY 3RD/4TH AVENUE REMAINDER PARCEL (incl.a portion of 3rd Ave.SW Right-of Way) N00'18'OVE 302.34' 1 __�-__�__�__ Notes: (� This plot was prepared using ; 1 information obtained from county , _ records. It does not represent a CROSSROAD 1 ARC=112.20' survey of the owners property. E N G 1 N E.r ft 6,,PE 1 t Dimensions shown along existing R=350.00 property lines ore token from the DeeetrT pm L ton&farts CHORD=S8D'12'58°W below listed record documents. „o,m,.,ttm,,,,�..vm� LENGTH= 111.72' co to 1 d •-. 1 0 I MO 0 100 200 ` — : NW I 0 \\ 1 o /J \ I 1 co C1 CURVE DATA JOHNSOJ S ADDITION N ARC=57.5i1° P.B. ,pgs. 26-28 f A R=200.00' 2620'3619 N to TH= 57.49' C2 CURVE DATA N00'18'00"E 200.00' / 'j ARC•421.32 —__—__—__ EAST LINE w R=2i5.00' 4TH AVE. S.W. CHGRD=N1551'S7'w ARC=161.83' z "= LENGTH..119.72' R=285.02' i"'.A PLACE OF v t:I. ' CHORD=1115'45'53°W 'b 0 9EGINNING I ARC=119.94' LENGTH= 159.67' '1 R=210.00' r `I -1 — 1 CHORD=N15'4011 W N89'09'00'E 9.00 NGTH= 118.31' . ,. N 8.°t E 4th AVE. SW `ems i Appro..West tine of the fast Half of SE 1/��0 o6�t� `�`\\�� `�N 1 �� 732.44 �- N'. .4yV 101j1'151,'40S ilo S0018'00'W,5.00' ).. 5' -- p � � EXCESS R °t' = '' - - 14004130 E "'1 sz SE 1/4, SEC. 25 y31 ,0.9Q8 Ac. t� ,r',t \\`\`�\\\�� \\\\\ �daxarwtcrsaeesxR/91 y�: 71811, RN ter= 589'24'00°W 3rd AVE. SW 1Tre ST LINE 3RD AVE. S.W. �► 71 I 2ND ST.LINE. 13.00 _ — / /S00'SY31'w 376.67' t PROPOSED SOUTH UNE EAST LINE 3RD AVE. S,W. Inst. 112005-0047172 * 1 2ND 5T.S.W. DRAWN BY: __ JAN ____ DATED 2-14-2007 1 OWNER: CITY OF CARMEL ^� TEN 2-14-2007 PARCEL: -- 1 CHECKED BY: __ ____ DATED _ PROJECT: ___ _ NEW RP!FOR ��f REMAINDER PARCEL INCLUDING CODE: _._ N/A �_ .3RD AVE SW/4TH AVE SW C_l�.L:REMAINDER PART OF 3RD AVE SW ROAD: _ __ 3110/4TH AVENUE EXISTING R/11/ COUNTY: Ilig 1 ______ INST. 112007-002529 DATED 1-1 -2007 SECTION: —2_5_ DEED RECORD . PAGE . DATED TOWNSHIP: 18N RANGE: _________3E Dmmslens shown arc from the oboe;listed Record Documents This Resolution was prepared by Jon Oberlander,Carmel AssistantCity Attorney, to March 5,2015 at 10:25 a.m.No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. S:ijobertander'ResolutionslCity Counc1IIRESOLUTEON CC-xx-xx-t 5-xx-Regarding Sale Price of Property CRC.docx 3/6/2015 11:38 AM SPONSOR(s): Councilor Snyder,Councilor Rider, :.ti ,'lor Finkam i/ B l RSTOTT KELY INC. Xv ► i v cis: : gat r c+,e . .City of Carmel Redevelopment Commission 30 W.Main,Suite 220 Carmel,IN 46032 February 24,2015 Dear City of Carmel Redevelopment Commissioners: Please find enclosed a bid for One Million Seven Hundred Twenty-Two Thousand Dollars ($1,722,000.00) from Old Town Development, L.L.C. ("OTD"), and Barrett& Stokely, Inc. ("B&S") for the "as-is" purchase of the Midtown Real Estate ("Parcel(s)") as described in the enclosed bid proposal. OTD and B&S have the financial wherewithal and are prepared to close on the purchase of the Parcels within ninety (90) days of acceptance of this bid. Enclosed in the bid package is the necessary information and exhibits requested in the RFP relating to the sponsors,the development plans which incorporate the city requested drainage and transportation needs, preliminary site exhibits, character and conceptual images for the approximately two hundred fifty (250) plus for- sale and for-rent residential units. Please accept the OTD and B&S bid as a plan that incorporates the future plans of the Parcels into the overall plan for the redevelopment of Midtown Carmel. If you have any additional questions or need any other information please feel free to email Andrew Greenwood at andrew@'oldtowndesigngroup.com and/or call 317-341-5909. Thank you for your time and consideration. Respectfully Submitted, z )----------.-C1_____..-"e-------"‹ ,c------ .-- Andrew S.Greenwood Bryan T. arrett Old Town Development L.L.C. Barrett&Stokely,Inc. Member Principal • This Resolution was prepared by Jon Oberlander,Carmel Assistant City Attorney,on March 5,2015 at 10:25 a.m.No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. S:ljoberlander ResolurionstCily CounciRRESOLUTION CC-xx-xx-15•xx-Regarding Sole Price of Properly CRC.docx 3/6/2015 11:38 AM