HomeMy WebLinkAboutCC-02-15-21-01/Reimbursement of Expenditures Related to the Police HeadquartersSponsors: Councilors Worrell
and Rider
RESOLUTION CC-02-15-21-01
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY
OF CARMEL, INDIANA, DECLARING AN OFFICIAL INTENT TO
REIMBURSE EXPENDITURES
Synopsis:
This resolution makes an official intent to reimburse expenditures related to the police
headquarters expansion and IT relocation project with proceeds of later issued bonds or bond
anticipation notes.
WHEREAS, the City of Carmel, Indiana (the “City”) for itself or through one or more of
its departments, boards or commissions, has made or intends to make certain expenditures (the
“Expenditures”) for all or a portion of (a) the acquisition of property, construction, renovation,
installation, and equipping of buildings and other improvements related thereto comprising an
expansion to the police headquarters to be located at or near 998 South Rangeline Road in the
City, and (b) the renovation, installation and equipping of buildings, the construction and
equipping of a garage and data center, the acquisition and installation of an internet fiber ring, all
in connection with the establishment of an information technology (“IT”) facility for the police
department and other improvements related thereto, including, but not limited to expenses of
physically moving the IT department from the existing police station to such new facilities
(collectively, the “Project”); and
WHEREAS, the City reasonably expects to reimburse all or a portion of the
Expenditures with proceeds of one or more series of bonds and/or bond anticipation notes to be
issued by the City, or by a nonprofit building corporation who will lease all or a portion of the
Project to the City, in the maximum expected aggregate principal amount of Thirty-Eight Million
Dollars ($38,000,000) (the “Bonds”); and
WHEREAS, the Common Council of the City (the “Common Council”) now desires to
establish its intent, pursuant to Treas. Reg. §1.150-2 and IC 5-1-14-6(c), that said Expenditures
are to be reimbursed from the proceeds of the Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF
THE CITY OF CARMEL, INDIANA, that:
Section 1. The Common Council hereby declares its official intent to reimburse the
Expenditures with proceeds of the Bonds.
Section 2. This Resolution shall be in full force and effect from and after its passage
by the Common Council and approval by the Mayor as required by law.
DocuSign Envelope ID: 9808BEC3-1115-4298-B94F-5891F8089F65
DMS 19097687.3
PASSED by the Common Council of the City of Carmel, this _____ day of _____________,
2021, by a vote of ______ ayes and _____ nays.
COMMON COUNCIL FOR THE CITY OF CARMEL, INDIANA
___________________________________
Sue Finkam, President Kevin D. Rider, Vice-President
___________________________________ ____________________________________
Laura Campbell H. Bruce Kimball
___________________________________ ____________________________________
Jeff Worrell Anthony Green
___________________________________ ___________________________________
Adam Aasen Tim Hannon
___________________________________
Miles Neslon
ATTEST:
__________________________________
Sue Wolfgang, Clerk
Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of
_________________________ 2021, at _______ __.M.
____________________________________
Sue Wolfgang, Clerk
Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of
________________________ 2021, at _______ __.M.
____________________________________
James Brainard, Mayor
ATTEST:
___________________________________
Sue Wolfgang, Clerk
Prepared by: Bruce D. Donaldson
Barnes & Thornburg LLP
11 South Meridian Street
Indianapolis, IN 46204
DocuSign Envelope ID: 9808BEC3-1115-4298-B94F-5891F8089F65
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