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HomeMy WebLinkAboutResolution 2020-12 (Amendment to Smokey and Monon allocation area) RESOLUTION NO. 2020-12 RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION AMENDING THE DECLARATORY RESOLUTION AND THE DEVELOPMENT PLAN FOR THE OLD TOWN ECONOMIC DEVELOPMENT AREA WHEREAS, the City of Carmel Redevelopment Commission (the “Commission”) pursuant to IC 36-7-14 (the “Act”) serves as the governing body of the City of Carmel Redevelopment District (the “District”); and WHEREAS, the Commission has previously adopted and confirmed resolutions (collectively, the “Declaratory Resolution”) which established and amended an economic development area known as the “Old Town Economic Development Area” (the “Economic Development Area”), approved a development plan for the Economic Development Area (the “Plan”) pursuant to the Act, and designating portions of the Economic Development Area as “allocation areas” pursuant to Section 39 of the Act, including an allocation area designated as the “Smokey & Monon Allocation Area”; and WHEREAS, the Commission now desires to amend the Declaratory Resolution and Plan to remove the area described on Exhibit A attached hereto from the Smokey & Monon Allocation Area (the “2020 Amendment”); and WHEREAS, the 2020 Amendment and supporting data were reviewed and considered at this meeting; and WHEREAS, Sections 41 and 43 of the Act permit the creation of “economic development areas” and provide that all of the rights, powers, privileges and immunities that may be exercised by this Commission in a redevelopment area or urban renewal area may be exercised in an economic development area, subject to the conditions set forth in the Act; and WHEREAS, Section 39 of the Act has been created and amended to permit the creation and expansion of “allocation areas” to provide for the allocation and distribution of property taxes for the purposes and in the manner provided in said Section; and WHEREAS, this Commission deems it advisable to apply the provisions of said Sections 39, 41 and 43 of the Act to the 2020 Amendment; and WHEREAS, the Commission now desires to approve the 2020 Amendment. NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment Commission, governing body of the City of Carmel Redevelopment District, as follows: 1. The public health and welfare will be benefited by the 2020 Amendment. DocuSign Envelope ID: 5801234F-CB21-44CD-87E8-96172CAD0A30 2. It will be of public utility and benefit to amend the Declaratory Resolution as provided in the 2020 Amendment and to continue to develop the Economic Development Area under the Act. 3. The Declaratory Resolution, as amended by this Resolution, conforms to the comprehensive plan of development for the City. 4. The 2020 Amendment is reasonable and appropriate when considered in relation to the Declaratory Resolution and Economic Development Plan and the purposes of the Act. 5. The findings and determinations set forth in the Declaratory Resolution and the Economic Development Plan are hereby reaffirmed with respect to the remainder of the Smokey & Monon Allocation Area. 6. The parcels described in Exhibit A are hereby removed from the Smokey & Monon Allocation Area, and the 2020 Amendment is hereby in all respects approved. The base assessed value of the Smokey & Monon Allocation Area shall be adjusted to reflect the removal of these parcels from the Allocation Area. 7. This Resolution, together with any supporting data, shall be submitted to the City of Carmel Plan Commission (the “Plan Commission”) and the Common Council of the City (the “Council”) as provided in the Act, and if approved by the Plan Commission and the Council, shall be submitted to a public hearing and remonstrance as provided by the Act, after public notice as required by the Act. 8. The officers of the Commission are hereby authorized to make all filings necessary or desirable to carry out the purposes and intent of this Resolution. 9. The provisions of this Resolution shall be subject in all respects to the Act and any amendments thereto. DocuSign Envelope ID: 5801234F-CB21-44CD-87E8-96172CAD0A30 Adopted the 17th day of June, 2020. CITY OF CARMEL REDEVELOPMENT COMMISSION ____________________________________ President ____________________________________ Vice President ____________________________________ Secretary ____________________________________ Member ____________________________________ Member DocuSign Envelope ID: 5801234F-CB21-44CD-87E8-96172CAD0A30 EXHIBIT A Description of the parcels to be removed from the Smokey & Monon Allocation Area The following parcels shall be removed from the Smokey & Monon Allocation Area. PARCEL ID NUMBERS: 17-09-24-00-00-031.401 17-09-24-00-05-004.001 DMS 17523511.1 DocuSign Envelope ID: 5801234F-CB21-44CD-87E8-96172CAD0A30