HomeMy WebLinkAboutBPW-10-28-98-01CoolCreek SignsRESOLUTION NO. ~W -~0 -~'~?-o{
RESOLUTION OF THE CITY OF CARMEL BOARD OF WORKS
AND SAFETY ACCEPTING APPRAISALS AND APPROVING THE
EXPENDITURE OF FUNDS FOR THE INSTALLATION OF ENTRY SIGNS
AND ORNAMENTAL STREET LIGHTING IN THE COOL CREEK NORTH SUBDIVISION
WHEREAS, IC 36-9-38 (the "Act") permits the Board of Public Works and Safety of the City
of Carmel, Indiana (the "Board") to establish within the boundaries of the City of Carreel, Indiana (the
"City") improvement districts to provide for the construction of certain public improvements and to
assess the cost of completing such improvements on property owners which benefit from the
constructed improvements; and
WHEREAS, on September 3, 1997, the Board adopted a resolution (the "Declaratory
Resolution") accepting a petition (the "Petition") requesting: (i) the establishment of an improvement
district pursuant to the Act, consisting of a portion of the area known as "Cool Creek North," and
generally bounded by the following four intersections: (a) 131st Street and Hawthome Drive, (b) 131st
Street and Cool Creek Court; (c) Tulip Poplar Crest Road and Smokey Row Road (East 1361h Street),
and (d) Ironwood Drive Noah and Smokey Row Road (East 1361h Street) (the "District"), and (ii) the
installation, maintenance, and operation of entry signs and a system of ornamental street lighting in the
District (the "Project"); and
WHEREAS, following a public heating on August 24, 1998, the Board adopted a resolution
which: (i) confirmed the Declaratory Resolution and established the District as an improvement district
pursuant to the Act, (ii) approved the plans for the Project and ordered the completion of the Project,
and (iii) found that all real property within the District is subject to assessment of special benefits and
damages by appraisers appointed by the Board pursuant to the Act and that the assessments are subject
to review in a heating before the Board; and
WHEREAS, pursuant to a resolution adopted on September 23, 1998, the Board appointed
three appraisers to assess, pursuant to IC 36-9-38-22, the special benefits and damages that will accrue
to each of the 237 parcels of real property in the District (the "Property") and the amount of the
benefits that will accrue to the City generally; and
WHEREAS, the Board has received such appraisals of the Project, each of which concludes
that (i) special benefits will accrue to each parcel of the Property in at the least the amount of Six
Hundred Fifty Dollars ($650.00), (ii) no damages will accrue to any parcel of the Property, and (iii)
benefits will accrue to the City generally in an amount that cannot be quantified.
NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works and Safety of the City
of Carmel, Indiana, as follows:
1. The Board hereby determines, pursuant to IC 36-9-38-24, that the estimated total cost of
the Project is Two Hundred Thousand Dollars ($200,000.00). A portion of the total cost of the Project
in the amount of approximately Six Hundred Dollars ($600.00) per parcel of Property, for a total
amount of One Hundred Forty-Two Thousand Dollars ($142,000.00), shall be payable from
assessments levied against the Property (such costs, the "Assessed Costs").
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2. The Board hereby accepts the appraisals for the Project and determines that, pursuant to
such appraisals, the amount of the special benefits to accrue to the Property exceeds the Assessed
Costs.
3. The Board hereby finds that benefits will accrue to the City from the Project. The Board
further determines, subject to approval of the Common Council of the City, that the costs of the Project
other than the Assessed Costs, estimated to be in the amount of Fifty-Eight Thousand Dollars
($58,000.00) (such costs, the "City Costs") should be paid by the City. The Board finds that the
payment of the total estimated cost of the Project from the City of Carmel Barrett Law Revolving
Improvement Fund, established pursuant to IC 36-9-37-46, (the "Revolving Fund") will facilitate the
initiation, progress, and completion of the Project and hereby requests that the Common Council of the
City approve the expenditure of an amount not to exceed Two Hundred Thousand Dollars
($200,000.00) from the Revolving Fund to pay the total estimated costs of the Project.
4. This Resolution shall be in full force and effect upon its adoption.
PASSED AND ADOPTED by the Board of Public Works and Safety of the City of Carmel,
Indiana this 281h day of October 1998.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
ATT~,~
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