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Home My WebLink About07-05-18-03/Requesting the Financing, Construction, and Dedication of Certain Infrastructure or Other Impact Zone Improvements in Lieu of and as a Credit Against the Payment of Parks and Recreation Impact FeesRESOLUTION NO. BPW 07-05-18-03 A RESOLUTION REQUESTING THE FINANCING, CONSTRUCTION, AND DEDICATION OF CERTAIN INFRASTRUCTURE OR OTHER IMPACT ZONE IMPROVEMENTS IN LIEU OF AND AS A CREDIT AGAINST THE PAYMENT OF PARKS AND RECREATION IMPACT FEES ("PRIF") AND APPROVING A PRIF CREDIT AGREEMENT WHEREAS, Indiana Code 36-7-4-1335 permits the application of a credit against the payment of impact fees for persons who construct or provide certain infrastructure or other improvements of a type for which a unit imposes an impact fee in an impact zone; and, WHEREAS, City of Carmel Unified Development Ordinance §1.3(F) permits the City of Carmel Board of Public Works and Safety ("Board") to request that any person otherwise required to pay PRIF to instead finance, construct, and dedicate certain infrastructure or improvements in the Parks and Recreation Infrastructure Impact Zone ("Impact Zone") located in Clay Township, Indiana and over which the City of Carmel, Indiana ("City") exercises planning and zoning jurisdiction; and, WHEREAS, City of Carmel Unified Development Ordinance §1.3(F) also permits the Board to determine the amount of PRIF credit any person requested to finance, construct, and dedicate certain infrastructure or improvements in the Impact Zone in lieu of PRIF payment shall receive, and to memorialize this determination in a credit agreement ("Credit Agreement"); and, WHEREAS, the Board now desires to request that CCC Kent, LLC, an Indiana limited liability company ("CCC Kent"), finance those certain infrastructure or improvements set forth on attached Exhibit A, the same being incorporated herein by this reference, in exchange for a PREF credit the Board has determined should be in the amount of exactly Two Hundred Three Thousand Nine Hundred Thirty One Dollars ($203,931.00); and, WHEREAS, CCC Kent shall execute and return to the Board, by and through the Carmel Corporation Counsel, the Credit Agreement set forth on attached Exhibit B, the same being incorporated herein by this reference, prior to the issuance of the improvement location fee for that certain improvement identified on attached Exhibit C, the same being incorporated herein by this reference; and, WHEREAS, PRIF in the amount of $203,931.00 is due and owing by CCC Kent to the City by virtue of that certain improvement identified on attached Exhibit C (the "Targeted PRIF"); and, WHEREAS, upon receipt of the payment as specified under the Credit Agreement, the City shall promptly enter the PREF credit identified herein against CCC Kent's Targeted PRIF obligations. NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works and Safety of the City of Carmel, Indiana as follows: 1. The foregoing Recitals are incorporated herein by this reference. 2. The Board hereby requests that CCC Kent, LLC contribute $203,931.00 toward the construction of those certain infrastructure or improvements set forth on attached Exhibit A, in exchange for a PRIF credit of exactly $203,931.00, pursuant to the terms and conditions set forth hereinabove. 3. The Board hereby approves the Credit Agreement in the form as set forth in attached Exhibit B. 4. Henry Mestetsky, on behalf of the City and the Board, is hereby authorized and directed to take such actions as are lawful, necessary, and proper to effectuate the transaction approved by this Resolution. Mr. Mestetsky shall deposit the entire credited amount of PRIF into City Fund #902. The deposited PRIF will be drawn upon to partially finance the construction of the improvements set forth in Exhibit A SO RESOLVED. Approved and adopted this day of A , 2018. CARMEL BOARD OF PUBLIC WORKS AND SAFETY By: n ' vG� James Brainard, Presiding Officer Date: Mary t)fn Burke, Date: Lori S. Wa on, em er Date: 7 ! 5 r ATTEST - Christine Pauley, Clerk rea�7j//� Date: 7 Exhibit A - Location of Improvements ......... t 141 June 26, 2018 N 1:1,560 0 0.0125 0.025 0.05 mi 0 0.02 0.04 0 08 km Basemap nformation here i ranter frn rP, • i r+.�. 0-0 Woe"-.* 0, ......... t 141 June 26, 2018 N 1:1,560 0 0.0125 0.025 0.05 mi 0 0.02 0.04 0 08 km Basemap nformation here EXHIBIT B PRIF CREDIT AGREEMENT COMES NOW CCC Kent, LLC, an Indiana limited liability company ("CCC Kent"), by its undersigned, duly authorized agent, and states as follows: CCC Kent hereby agrees to (i) contribute $203,931.00 or (ii) allow the transfer of $203,931.00 of funds that have been deposited with Parks and Recreation to be contributed, toward the construction of those certain infrastructure items or public improvements set forth in attached Exhibit A, the same being incorporated herein by this reference, in exchange for a Parks and Recreation Impact Fee ("PRIF") credit not to exceed $203,931.00, as defined in Exhibit A. After the improvements are completed and have been accepted by the Carmel Board of Public Works and Safety, any remaining unused PRIF shall be made available for use by the Carmel Department of Parks and Recreation, pursuant to the requirements of the City. SO AGREED this day of —, svag , 2018. CCC Kent, LLC By: Ati-thcjized Signature I tbJ, W I' f., Si Printed Name Q*U DYL V i Cse. I�Q QJ1-ti a�.�.'lL Title A 7-lko,"� --- :� � �---- a ��--- -��--- . •_� �� ,�;�=,.,�� -- _ -- �. 1 J' �Ij si ARCHITECTURAL SITE PLAN ----- I E O CO � a.. OP/ROPMEWCO. O z Z $ W z . Y<? 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