HomeMy WebLinkAboutResolution 2016-09 (purchase of Thrifty)RESOLUTION NO. (�I
RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION
EXPRESSING INTEREST IN THE PURCHASE OF CERTAIN REAL ESTATE AND
APPROVING THE PURCHASE OF CERTAIN REAL ESTATE AND THE FORM
AND AUTHORIZING THE EXECUTION OF A PROPOSED REAL ESTATE
PURCHASE AGREEMENT BETWEEN MEYER & HARBISON, LLC, AND THE
CITY OF CARMEL REDEVELOPMENT COMMISSION, AND AUTHORIZING
CERTAIN MATTERS RELATED THERETO
WHEREAS, Indiana Code Sections 36-7-14-12.2 and 36-7-14-19 authorize the City of
Carmel Redevelopment Commission, a redevelopment commission organized under Indiana
Code Section 36-7-14-3(a) (the "Commission"), to contract for the acquisition of property; and
WHEREAS, the Commission desires to contract for the acquisition of the "Property"
located at 582 South Rangeline Road, Carmel, Indiana, and more particularly described in the
Real Estate Purchase Agreement between the Commission and Meyer & Harbison, LLC (the
"Real Estate Purchase Agreement'), the form of which has been presented to the Commission;
and
WHEREAS, the Commission has procured two independent appraisals of the fair
market value of the Property (the "Appraisals"); and
WHEREAS, the Commission has prepared the following list of the real property and
interests in real property to be acquired and the price to be offered to the owner of each parcel
of interest:
real property price
Property average of Appraisals
(the "List'); and YIN- is Kmyekltle PIA. gliw)
WHEREAS, the price set forth in the Real Estate Purchase Agreement may exceed the
price indicated on the List;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF CARMEL
REDEVELOPMENT COMMISSION AS FOLLOWS:
1. The Commission hereby finds and determines that the acquisition of the
Property is needed for the redevelopment or economic development of the City Center
Redevelopment Area. The Commission hereby further finds and determines that the Property is
located in the City Center Redevelopment Area, and that it will directly serve and benefit the
City Center Development Area and other economic development areas and allocation areas
located within the City of Carmel.
2. The Commission hereby approves and adopts the List.
3. The Commission hereby specifically authorizes the purchase price set forth in
the Real Estate Purchase Agreement.
4. The Commission hereby approves and accepts the Real Estate Purchase
Agreement.
5. The Commission hereby directs that payment for the Property be made when
and as set forth in the Real Estate Purchase Agreement, but only on delivery of proper
instruments conveying the title or interest of the owner to the "City of Carmel for the use and
benefit of its Department of Redevelopment".
6. The President, Vice President and Secretary of this Commission are hereby
authorized and directed, for and on behalf of the Commission, to execute and deliver the Real
Estate Purchase Agreement in substantially the form presented at the meeting, with such
changes in form or substance as the President, Vice President and Secretary of this
Commission shall approve, such approval to be conclusively evidenced by the execution
thereof. The Real Estate Purchase Agreement and any revisions or amendments thereto must
be executed by at least two (2) of the following officers; President, Vice President and
Secretary.
7. The President, Vice President and Secretary of this Commission are hereby
authorized and directed, for and on behalf of the Commission, to execute and deliver any
instruments (including without limitation any certificate purchase agreements, limited offering
memoranda and continuing disclosure agreements) and take any other actions as are desirable
to carry out the transactions contemplated by this Resolution, such desirability to be
conclusively evidenced by the execution of such instruments or the taking of such other
actions, and any and all such instruments heretofore executed and delivered and any and all
such other actions heretofore taken, including without limitation the publication of the notice of
the public hearing held in connection with such transactions, be, and hereby are, ratified and
approved. Any such instruments must be executed by and any such actions must be approved
by at least two (2) of the following officers; President, Vice President and Secretary.
8. This Resolution shall be in full force and effect upon adoption by the
Commission and upon receipt by the Commission of any other necessary municipal approvals.
[Signature page follows]
N
ADOPTED ANDAPPROVED at a meeting of the Carmel Redevelopment Commission
held on the � day of i%, 2016.
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CITY OF CARMEL REDEVELOPMENT
COMMISSION
President
Vice President
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