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HomeMy WebLinkAboutCC-04-07-97-02 Merchantts Square EDARESOntrnON NO. LC-- Oq - o 7-ff7 -- o COMMON COUNCIL THE CITY OF CARMEL, INDIANA REGARDING THE ESTABLISHMENT OF THE MERCHANTS SQUARE ECONOMIC DEVELOPMF~NT AREA WHEREAS, the Carmel Redevelopment Commission ("Commission") did on February 18, 1997, adopt a declaratory resolution ("Declaratory Resolution") establishing the Merchants Square Economic Development Area as an economic development area under IC 36-7-14.m~dg,_ confirmed the Declamto, y Rcsohfion on April 21, 1997, ',~t~t cu,aducth~g a pat, lie h~ng;- WHEREAS, IC 36-7-144 l(c) requires that the determination that a geographic area is an economic development area be approved by the Common Council of the City of Carrnel; and WHEREAS, the Common Council reviewed the Declaratory Resolution as confirmed, the Commission' s Economic Development Plan approved by the Declaratory Resolution and the written order of the Carreel-Clay Plan Commission regarding the Declaratory Resolution and the Plan; NOW, THEREFORE, BE IT RESOL~D BY THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA THAT: 1. The Common Council hereby finds and determines that it will be in the best interests of the City to establish an economic development area in the Merchants Square Economic Development Area as described in the Declaratory Resolution. 2. The establishment of an economic development area in the area known as the Merchants Square Economic Development Area as described in the Declaratory Resolution and in Exhibit A to the Declaratory Resolution is hereby approved. ® Mayor. This resolution shall be effective from and after passage and approval by the 479410.1 PASSED by th6 Common Council of the City of Cannel, Indiana, this t~~ ,1997 by a vot6 of --~ ay6s and 0 nays. day of Kirby, President, Common Council N. L. Rundie . onald E. arter B~ '~~ ATTEST: Diana L. Cordray, Clerk-~asud'~ ~fi"~' Presented by me to the Mayor of the City of Carreel, Indiana, this ~-~- day of .1997 at t,~ 0~ o'clock. Dian~ra~y~ Approved by me, May or of the City of Carmel, Indiana, this ~L_~_day of ]~,/~ / , 1997. ~rainard, Mayor ATT'3_~ST: Diana L. Cordray, C1