The URL can be used to link to this page

Home My WebLink AboutResolution_BPW_08-04-21-02; PRIF Credit Agreement; Edward Rose Development Carmel RESOLUTION NO. BPW 08-04-21-xx 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 Edward Rose Development Carmel, LLC, a foreign limited liability company (“Edward Rose”), finance infrastructure or improvements that meet the requirements set forth in Indiana Code § 36-7-4-1335(a), in exchange for a PRIF credit the Board has determined should be in the amount of exactly Two Hundred Eighty Five Thousand Three Hundred Twelve Dollars ($285,312.00); and, WHEREAS, Edward Rose shall execute and return to the Board the Credit Agreement set forth on attached Exhibit A, 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 B, the same being incorporated herein by this reference; and, 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 Edward Rose Development Carmel, LLC finance infrastructure or improvements that meet the requirements set forth in Indiana Code § 36 -7-4-1335(a) in exchange for a PRIF credit the Board has determined should be in the amount of exactly $285,312.00, 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 A. 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. These funds shall be drawn upon to finance the construction of Parks and Recreation infrastructure and improvements that meet the requirements of Indiana Code § 36-7-4-1335(a). RESOLUTION NO. BPW 08-04-21-02 DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D SO RESOLVED. Approved and adopted this ________ day of __________________, 2021. CARMEL BOARD OF PUBLIC WORKS AND SAFETY By: __________________________________ James Brainard, Presiding Officer Date: _____________________________ __________________________________ Mary Ann Burke, Member Date: _____________________________ __________________________________ Lori S. Watson, Member Date: _____________________________ ATTEST: __________________________________ Sue Wolfgang, Clerk Date: _____________________________ DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D 8/4/2021 8/4/2021 ------------ 8/4/2021 Not Present 8/4/2021 DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D Zoning Location Map Sources: Esri, HERE, Garmin, Intermap, increment P Corp., GEBCO, USGS, FAO, NPS, NRCAN, GeoBase, IGN, Kadaster NL, Ordnance Survey, Esri Zoning B-2 PUD R-1 MC UC UR Streets Carmel Private City Boundary Carmel2018 Red: Band_1 Green: Band_2 June 17, 2020 0 0.07 0.150.04 mi 0 0.1 0.20.05 km 1:6,000 Aerial Location Map June 17, 2020 0 0.1 0.20.05 mi 0 0.15 0.30.075 km 1:6,200 Real Estate Aerial Location Maps Exhibit B: Avant Phase 2 PRIF Agreement Apartments: 96 Townhomes: 14 Total Residential Units: 110 Exhibit B: Avant Phase 2 Apartments - PRIF Agreement Apartments: 96 DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D EXISTING LEGEND 9025 River Road, Suite 200 | Indianapolis, Indiana 46240 TEL 317.547.5580 | FAX 317.543.0270 www.structurepoint.com PLOT DATE: 6/18/ 2020 2: 38 PMPLOT SCALE: 1:1EDIT DATE: 6/18/ 2020EDITED BY: BSCHRAGEDRAWING FILE: P:\2019\ 03052\D. Drawings\ Civil\Construction Documents\201903052.CE. C200. SP.dwgProject Number CERTIFIED BY ISSUANCE INDEX DATE:PROJECT PHASE: 6/ 17/2020 2019. 03052 AVANT APARTMENT BUILDINGS Carmel, Indiana 46032 Exhibit B: Avant Phase 2 PRIF Agreement Apartments: 96 Townhomes: 14 Total Residential Units: 110 Exhibit B: Avant Phase 2 Apartments - PRIF Agreement Apartments: 96 DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D UPUPARCHITECTCLIENTCONSTRUCTION MANAGERPROJECTDRAWING TITLESEALSHEETPROJECT INFO REVISIONS20011APRIL 28, 2021AVANT PHASE II CARMEL, IN EDWARD ROSE DEVELOPMENT CARMEL LLC.PERMIT SETNo. AR12000062STATE OFMDXELAARSHTECTCHIARSTGIR EEDERIANDINAA101FIRST FLOOR OVERALL BUILDING PLANSCALE:01FIRST FLOOR OVERALL BUILDING PLAN3/32" = 1'-0"03A30104A30101A20104A20103A20101A20202A20105A20103A20202A20201A42001A421WATERW101MECHM1O1DEMARCD101ELEC.E101ELEC.E102STAIRS101STAIRS102REST.RR101REST.RR102NORTH CORRIDOR NC101EASTCORRIDOREC101 SOUTHCORRIDORSC101 WESTCORRIDORWC101EASTCORRIDOREC10101A452AREA CAREA CAREA BAREA BAREA B AREA A AREA B AREA A 116'-61116"330'-678"206'-378"78'-61116"144'-112"210'-6"48'-112"9'-312"GARAGEG113406 RSFGARAGEG114437 RSFGARAGEG115337 RSFGARAGEG116441 RSFGARAGEG117328 RSFGARAGEG118405 RSFGARAGEG112429 RSFGARAGEG111328 RSFGARAGEG110440 RSFGARAGEG109328 RSFGARAGEG108441 RSFGARAGEG107328 RSFGARAGEG106450 RSFAPT 119.2TYPE B1119.21,154 RSFAPT 121.2TYPE A1a121.2750 RSFAPT 123.2TYPE B1123.21,154 RSFAPT 127.2TYPE A1a127.2750 RSFAPT 113.2TYPE B1113.21,154 RSFAPT 115.2TYPE A1a115.2750 RSFAPT 117.2TYPE B1117.21,154 RSFAPT 111.2TYPE A1111.2750 RSFAPT 109.2TYPE A1a109.2750 RSFAPT 107.2TYPE A1a107.2750 RSFGARAGEG105443 RSFGARAGEG104340 RSFGARAGEG103410 RSFGARAGEG102437 RSFGARAGEG101336 RSFAPT 105.2TYPE C1105.21,531 RSFAPT 103.2TYPE C2103.21,663 RSFAPT 101.2TYPE A1a101.2750 RSF01A453W5pW5W3 W3p W3 W3p W3 W3W4pW4W4pW4W4W3p W3p W3 W3 W3 W3W3W3W5W5pW5W4W4pW4W4p W5W4W4pW4W4W4pW3W3W3pW3pW3pW3W3pW3W3W1 W4W4pW402A303A30201A30202A30203A30204W3W4W4W4pW3 W3 W4W4pW5W5pW3 W3 W3 W3 W3 W3 W3 W3 W4W4pW4W4pW4W4pW4W4pW5W3 W3W3W3W3 W3 W3 W3 W3 W3 W3W1W1W1 W1W1W1W1W1W1W1W1W1EW2aEW2a APT 125.2TYPE C1125.21,531 RSFAPT 129.2TYPE A2129.2875 RSFW3W3W3pW3pW3W3 W5 W5p W5 FITNESSF101905 RSFMAIL ROOMMR101396 RSFCOWORKINGCW1012,004 RSFBIKESTORAGEBS101836 RSFW4 W301A45138'-2"01A30102A30101A30303A303TRUENORTHExhibit B:Avant Phase 2 PRIF Agreem Apartments: 96Townhomes: 14Exhibit B:Avant Phase 2 Apartments -PRIF AgreementApartments: 96DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D DNUPDNUPARCHITECTCLIENTCONSTRUCTION MANAGERPROJECTDRAWING TITLESEALSHEETPROJECT INFO REVISIONS20011APRIL 28, 2021AVANT PHASE II CARMEL, IN EDWARD ROSE DEVELOPMENT CARMEL LLC.PERMIT SETNo. AR12000062STATE OFMDXELAARSHTECTCHIARSTGIR EEDERIANDINAA102SECOND FLOOR OVERALL BUILDING PLANSCALE:01SECOND FLOOR OVERALL BUILDING PLAN3/32" = 1'-0"DATAD201MECHM2O1MECHM202DATAD202ELEC.E201STAIRS201STAIRS202WESTCORRIDORWC201SOUTHCORRIDORSC201 EASTCORRIDOREC201NORTH CORRIDOR NC201 02A45102A452APT 201.2TYPE A1a201.2750 RSFAPT 203.2TYPE C2203.21,663 RSF38'-2"116'-61116"330'-658"78'-61116"144'-6516"210'-1316"48'-6516"5'-0"15'-1118"W5pW5W3 W3p W3 W3p W3 W3W4pW4W4pW4W4W3p W3p W3 W3 W3 W3W3W3W5W5pW5W4W4pW4W4p W5W5pW4W4pW4W4W4pW3W3W3pW3pW3pW3W3pW3W3W1W4 W4W4pW4APT 205.2TYPE C1205.21,531 RSFAPT 202.2TYPE B1202.21,154 RSFAPT 207.2TYPE A1a207.2750 RSFAPT 209.2TYPE A1a209.2750 RSFAPT 211.2TYPE A1211.2750 RSFAPT 213.2TYPE B3213.21,399 RSFAPT 215.2TYPE A1215.2750 RSFAPT 204.2TYPE B1204.21,154 RSFAPT 206.2TYPE B2206.21,093 RSFAPT 208.2TYPE A1208.2750 RSFAPT 217.2TYPE B1217.21,154 RSFAPT 210.2TYPE A1210.2750 RSFAPT 219.2TYPE A1a219.2750 RSFAPT 212.2TYPE A1212.2750 RSFAPT 221.2TYPE B1221.21,154 RSFAPT 214.2TYPE A1214.2750 RSFAPT 223.2TYPE B1223.21,154 RSFAPT 216.2TYPE B1216.21,154 RSFAPT 225.2TYPE A1a225.2750 RSFAPT 218.2TYPE A1218.2750 RSFAPT 220.2TYPE B1220.21,154 RSFAPT 227.2TYPE B1227.21,154 RSFAPT 229.2TYPE C2229.21,663 RSFAPT 231.2TYPE A1a231.2750 RSFAPT 233.2TYPE A2233.2875 RSFW3W3W3W3pW3W4W4W4pW3p W3 W3 W4W4pW5W5W5pW4W3W3 W4 W4p W4W3W3pW3 W3 W3 W3p W3 W3 W3 W3 W3 W3 W3 W4W4pW4W4pW4W4pW4W4pW3W3W3pW3W4W4pW3W3W3 W3pW3 W4W4p W5W3W3pW3W4 W3W3pW301A453AREA CAREA CAREA BAREA B206'-358"W5pW1 W4pAREA B AREA A AREA B AREA A03A30104A30101A201 04A20103A20101A20202A20105A20103A20202A20202A303A30201A30202A30203A3020401A30102A30101A30303A303TRUENORTHExhibit B:Avant Phase 2 PRIF Agreem Apartments: 96Townhomes: 14Exhibit B:Avant Phase 2 Apartments -PRIF AgreementApartments: 96DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D Avant Phase 2Edward Rose Development Carmel LLC08.05.2020 ADLS SUBMITTAL View of NorthEast Corner: Old Meridian Street A10 Exhibit B:Avant Phase 2 PRIF AgreementApartments: 96Townhomes: 14Total Residential Units: 110Exhibit B:Avant Phase 2 Apartments -PRIF AgreementApartments: 96DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D