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HomeMy WebLinkAboutResolution_BPW_08-04-21-03; PRIF Credit Agreement; The Corner 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 within Carmel, 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, PRIF in the amount of $826,216.00 is due and owing by Carmel Corner Project Partners, LLC, an Indiana limited liability company, (“Carmel Corner Project Partners”) to the City by virtue of certain improvements identified on attached Exhibit A (the “Targeted PRIF”); and, WHEREAS, the Board now desires to request that Carmel Corner Project Partners, finance and construct those certain infrastructure and improvements set forth on attached Exhibit B, the same being incorporated herein by this reference, in exchange for a PRIF credit the Board has determined should be in the amount of exactly Five Hundred Forty Two Thousand Seven Hundred Fourteen Dollars ($542,714.00); and, WHEREAS, Carmel Corner Project Partners covenants that the infrastructure and improvements set forth in Exhibit B shall remain open to the public for their use and enjoyment in perpetuity; and, WHEREAS, Carmel Corner Project Partners shall maintain, repair and replace the infrastructure and improvements set forth in Exhibit B as necessary and to the satisfaction of the City, in perpetuity; and, WHEREAS, the Board also desires to request that Carmel Corner Project Partners finance future infrastructure or improvements that meet the requirements set forth in Indiana Code § 36-7-4-1335(a) in the amount of $283,502.00; and, WHEREAS, in exchange for the dedication and financing of infrastructure or improvements as set forth above, the Board has determined that Carmel Corner Project Partners shall receive a PRIF Credit in the amount of exactly Eight Hundred Twenty Six Thousand Two Hundred Sixteen Dollars ($826,216.00) toward the Targeted PRIF; and, WHEREAS, Carmel Corner Project Partners shall execute and return to the Board the Credit Agreement set forth on attached Exhibit C, 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 A. DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D 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 Carmel Corner Project Partners dedicate and 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 $826,216.00, 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 C. 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 funds received pursuant to this Resolution into City Fund #902. These funds shall be drawn upon to finance the construction of Parks and Recreation infrastructure or improvements that meet the requirements of Indiana Code § 36-7-4-1335(a). 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 Not Present ------------ 8/4/2021 8/4/2021 8/4/2021 BUILDING AGARAGEBUILDING BPOOLPOOL EQUIP.116TH STREETRANGELINE ROADTOP OF SLAB821'-10 1/2"TOP OF SLAB821'-3 1/2"TOP OF SLAB818'-6 3/4"TOP OF SLAB818'-2 1/2"TOP OF SLAB819'-11"TOP OF SLAB818'-1"TOP OF SLAB820'-1"TOP OF SLAB819'-10"50 South B.B. King Blvd.Suite 600Memphis, TN 38103901.521.1440Drawing Name:Client:Drawn By:Checked By:Project Name:SealIssued / RevisedDate#Issues and Revisions©2020 LRK Inc.Drawings, written material, and design concepts shall not be used or reproduced in whole or part in any form or format without prior written consent of LRK Inc. Do not scale drawings. Use given dimensions only. If not shown, verify correct dimensions with the Architect. Contractor shall check and verify all dimensions and conditions at job site.FOR REVIEW ONLY -NOT FOR CONSTRUCTION5/5/2021 4:24:35 PMC:\Revit Projects\18066-Corner Carmel-CENTRAL-19_chaley.rvtLRK Project Number: 01.18066.00A100ARCHITECTURAL SITE PLANThe CornerCarmel, INVWBRCH116th Street & RangelineCarmel, INThe Corner Carmel, IN •01.18066.0005/05/21SCALE: 1" = 20'-0"1ARCHITECTURAL SITE PLAN09.25.2050% Design Development05.05.2150% Construction DocumentsExhibit A, Page 1The Corner, PRIF AgreementTotal apartments: 278DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D VITREO US CHINABATHRO O M SINKVO XK-5373 VITREO US CHINABATHRO O M SINKVO XK-5373 RISER RM. PET WASH TRASH 7 A201 13 A201 25 A201 19 A201 7A211 19 A211 13 A211 25 A211 282'-6 1/2"32'-6 1/2"34'-9" 68'-5 1/2" 260'-7 1/2" 73'-11"41'-10 1/2"108'-8 3/4"92'-2 1/2" 7 A222 25 A222 25 A221 7 A221 L1 -54 SPACES 78'-3"ELEV. A1 ELEV. A2STAIR A1 STAIR A3STAIR A2 CO WORK 25 A111b 25 A111a 28 A111a 28 A121b 25A121b 25 A121a 67'-3 1/2"67'-3"66'-3"4A20310A20313 111412 10 9 8 7 6 5 4 3 2 1 A B C D E F G H J K L M N AA AB AC AD AE AF AG A2 A3 A1 G7G6G5G4G3G2G1 GA GC GB 25 A321 G1.4 28 A190 PACKAGE 25 A131 G8 G9 G10 166'-8"259'-9 1/2" 50 South B.B. King Blvd. Suite 600 Memphis, TN 38103 901.521.1440 Drawing Name: Client: Drawn By: Checked By: Project Name: Seal Issued / RevisedDate# Issues and Revisions ©2020 LRK Inc. Drawings, written material, and design concepts shall not be used or reproduced in whole or part in any form or format without prior written consent of LRK Inc. Do not scale drawings. Use given dimensions only. If not shown, verify correct dimensions with the Architect. Contractor shall check and verify all dimensions and conditions at job site.FOR REVIEW ONLY - NOT FOR CONSTRUCTION5/5/2021 5:39:18 PM C:\Revit Projects\18066-Corner Carmel-CENTRAL-19_smatsumotoBZ9SZ.rvtLRK Project Number: 01.18066.00 A101 OVERALL GROUND FLOOR PLAN The Corner Carmel, IN VWB SWM 116th Street & Rangeline Carmel, INThe Corner Carmel, IN • 01.18066.0005/05/21SCALE: 1/16" = 1'-0" 25 OVERALL GROUND FLOOR PLAN 09.25.20 50% Design Development 11.06.20 100% Design Development 05.05.21 50% Construction Documents Exhibit A, Page 2The Corner, PRIF AgreementTotal apartments: 278DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D DN7A20113A20125A20119A2017A21119A21113A21125A2117A22225A22225A2217A221L2 -87 SPACESL3 -87 SPACESL4 -87 SPACESL5 -58 SPACES25A112b28A112a25A112a28A122b25A122b25A122a222'-7 1/4"93'-5 3/4"66'-7"31'-6"34'-9"166'-6"67'-5"281'-6"4A20310A203G7G6G5G4G3G2G1GAGCGBPEDESTRIAN BRIDGE AT BLDG. B, THIRD FLOORPEDESTRIAN BRIDGE AT BLDG. A, SECOND FLOOR25A113a25A114a25A115a25A123a25A124a28A123b28A124b25A123b25A124b28A113a28A114a28A115a25A113b25A114b25A115bG1.475'-3"168'-6 1/4"93'-5 3/4"66'-7"35'-2 1/2"31'-4 1/2"215'-2 3/4"193'-5 3/4"78'-9"66'-3"259'-11"37'-9 1/8"10'-10 1/2"1A19125A132G8G9G10259'-9 1/2"1'-2"1'-0 1/2"50 South B.B. King Blvd.Suite 600Memphis, TN 38103901.521.1440Drawing Name:Client:Drawn By:Checked By:Project Name:SealIssued / RevisedDate#Issues and Revisions©2020 LRK Inc.Drawings, written material, and design concepts shall not be used or reproduced in whole or part in any form or format without prior written consent of LRK Inc. Do not scale drawings. Use given dimensions only. If not shown, verify correct dimensions with the Architect. Contractor shall check and verify all dimensions and conditions at job site.FOR REVIEW ONLY -NOT FOR CONSTRUCTION5/5/2021 4:26:02 PMC:\Revit Projects\18066-Corner Carmel-CENTRAL-19_chaley.rvtLRK Project Number: 01.18066.00A102OVERALL TYPICAL UPPERFLOOR PLANThe CornerCarmel, INVWBSWM116th Street & RangelineCarmel, INThe Corner Carmel, IN •01.18066.0005/05/21SCALE: 1/16" = 1'-0"25OVERALL TYPICAL UPPER FLOOR PLAN09.25.2050% Design Development11.06.20100% Design Development05.05.2150% Construction DocumentsExhibit A, Page 3The Corner, PRIF AgreementTotal apartments: 278DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D INJ10 MONLDLDLDE GM PPST PPST PPST PPST PPST PPST PPST PPST PPST PPST PPST PPST IPn MB MON MON MON MON MON MON MON MON MONWWWWWWWWWWWW PPST PPST PPST PPST PPST PPST PPST RB-0 RB-0T H H H H H H H H H CC-TRC WV WV WV WVTP1.2P2.2P2.2P2.1P2.1PAPAPAPAPAPAPAPAPAPAF2.5P2.1F2.1x2P2.1S1.1PAF2.8x11F2.2P2.4P2.4P2.4P2.4P1.2P1.2F2.2P2.1P2.1P1.5P2.1P2.1P2.1P1.2P1.2P2.1P1.2P1.2P1.2P2.1P2.1P2.1P2.1P1.5F2.2W1.1116th St.Rangeline Rd.ProposedBuilding AProposedRetailProposedGarageProposedBuilding DProposedBuilding BProposedBuilding BP2.1Interurban TrailProperty Line10ft. Setback FloodplainPAP2.1x11P2.1x10F2.1x2F2.10x4P2.3PAP2.3P2.1F2.5F2.3F2.3F2.3x4Lift station screen wall,Refer to A seriesPAPAP2.1S1.5F2.8x11P2.5Client:The CornerCarmel, INSealLRK Project Number: 00.18066.00Project Name:116th Street & RangelineCarmel, INDrawing Name:Drawn By:Checked By:© 2020 LRK Inc.Drawings, written material, and design concepts shall notbe used or reproduced in whole or part in any form orformat without prior written consent of LRK Inc. Do notsacle drawings. Use given dimensions only. If not shown,verify correct dimensions with the Architect. Contractorshall check and verify all dimensions and conditions atjob site.Issues and RevisionsDateIssued / Revised06.16.21Permit SetɑLMAPP5825 Lawton Loop East Drive | Indianapolis, IN 46216317-485-6900 | www.context-design.com0Scale 1" = 30'-0"60'30'15'NorthMATERIAL LEGENDP1.0 Pavement, OtherP1.1Synthetic Turf with concrete edge, St. Augustine 347 by SynLawn, Refer to Detail 6/L500and Specification 32 18 13P1.2Stamped (Heavy Duty) Concrete, Running Bond Pattern with Color Hardener by Scofield.Refer to Details1 &2/L500, C series and Specification 32 13 17 (alternate options inSpec)P1.3Pavers on Concrete Slab, 12" x 12",Refer to Detail 7&8/L500 and Specification 32 14 13P1.4Pavers on Concrete Slab, 4" x 12" running bond, Refer to Detail 7/L500 andSpecification 32 14 13P1.5Stone Mulch, #6-#10 River Rock Refer to Detail 5/L500 and Specification 32 15 40P1.6Pavers on Concrete Slab, 24" x 24", Refer to Detail 7&8/L500 and Specification 32 14 13P1.7Pool Coping, by Wausau Tile, Refer to Detail 2/L503 and Specification 32 14 13F3.0FencingRefer to Specification section 32 32 19F3.1 6' ht. Ornamental Pool Area Fence, Refer to Detail 2/L502F3.2 6' ht. Ornamental Gate, Refer to Detail 2/L502 F3.3 3'-6" ht. Ornamental Fence, Refer to Detail 2/L502P2.0 Pavement, ConcreteP2.1Standard Concrete Pavement, Refer to Details 1, 2, 4/L500 andSpecification 32 13 13P2.2Integral Colored Decorative Concrete Pavement, Refer to Detail 1,2, 4/L500 and Specification 32 13 16P2.3Heavy Duty Concrete Pavement, Refer to Details 2 & 4/L500,Cseries and Specification 32 13 13P2.4Curb Ramp condition, Refer to C seriesP2.5 6" Post Curb, Refer to C seriesS1.0 Stairs S1.1 Stairs at rear retail, 3 risers, Refer to Detail 2/L504 S1.2 Stairs at retail, 2 riser, Refer to Detail 5/L504 S1.3 Stairs at retail, 3 risers, Refer to Detail 4/L504 S1.4 Stairs at retail, 4 risers, Refer to Detail 6/L504 S1.5 Stairs to trail, 5 risers, Refer to Detail 3 & 7/L504W1.0 WallsRefer to L200 series for elevations W1.1 Retaining Wall at Stairs, Refer to Detail 2/L501 W1.2 Retaining Wall at Retail, Type 1, Refer to Detail 3&5/L502W1.3Retaining Wall at Retail, Type 2, Refer to Details 3&5/L502W1.4Retaining Wall at Pool between columns, Refer to Detail 5/L502W1.5McNichols Ecomesh, 6' tall Metal Fence and Gates, Refer to Detail 2/L502 andSpecification 32 32 19W1.6Masonry Pier, Refer to Detail 1&4/L502W1.7 McNichols Ecomesh, 42" tall Metal Fence. Refer to Specification 32 32 19W1.8Retaining Wall at Retail, Type 3, Refer to Detail 3&5/L502L1.0Lighting and Site ElectricalL1.1 Decorative Light Fixture, Refer to Site Electrical DrawingsL1.2 (7) Catenary Poles, Cables, and String Lights (Commercial Grade String Lights byAmerican Lighting), Refer Detail 1/L503, Refer to Site Electrical DrawingsF1.0FeaturesF1.1 Fire Hearth (Double Sided Insert by Superior, VRE4543) with (2) Televisions (75"Outdoor QLED by Samsung), Refer to Sheet L505F1.2Grill Station, (2) Lonestar by Bull, with (4) Stools (Ollie by Landscape Forms). Refer toDetails 3-5/L501 (alternates listed in Specs.)F2.0 FurnishingsRefer to Specification section 32 33 00F2.1(12) Bike Rack, surface mounted, Orion by Madrax Refer to Detail 6/L501F2.2(12) Litter Receptacle, Poe by Landscape FormsF2.3(9) Planter, 15" x 30" Sorella by Landscape FormsF2.4(1) Fire Pit, Robata by Paloform, Refer to Detail 4/L503 (alternates listed in Specs.)F2.5(2) Exterior standing height work table with 4 stools, Harvest by Landscape FormsF2.6(1) Pool Lift Chair (by Pool Designer)F2.7(1) Bike Repair Station, Repairstan by MadraxF2.8(22) Bike Rack, wall mounted, Vertical Bike Rack Storage by Madrax, Refer to Detail 7/L501F2.9(6) 2 seat Table and chairs, Mingle by Landscape Forms F2.10 (2) 4 seat Table and chairs, Mingle by Landscape FormsF2.11(2) Timer (by Fire Magic) and Emergency Shutoff for gas (Granger)L100PEDESTRIAN HARDSCAPE MATERIALS PLANSee Pool Area Enlargement, Sheet L300See Northwest Plaza Enlargement, Sheet L300See Retail Plaza Enlargement, Sheet L300F2.9pinch point here for 10' trailELEVATORPedestrian Access fromGarage to Trail and Retail8' - 10' Multi use PathPlanting AreasSTAIRINTERURBAN TRAIL CONCEPT IMAGESPublic Gathering /Outdoor Work Area8'-0"10'-0"Exhibit BThe Corner, PRIF AgreementTotal apartments: 278DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D EXHIBIT C PRIF CREDIT AGREEMENT COMES NOW Carmel Corner Project Partners, LLC, an Indiana limited liability company, (“Carmel Corner Project Partners”) by its undersigned, duly authorized agent, and states as follows: Pursuant to the terms set forth in BPW Resolution 08-04-21-xx, Carmel Corner Project Partners hereby agrees to finance and construct those certain infrastructure items or public improvements set forth in attached Exhibit B, and to contribute $283,502.00 in order to finance the construction of future infrastructure items or public improvements that meet the requirements of Indiana Code 36-7-4-1335(a), in exchange for a Parks and Recreation Impact Fee (“PRIF”) credit not to exceed $826,216.00. After the improvements are completed and have been accepted by the Carmel Board of Public Works and Safety, any remaining unused PRIF shall be made available for use by the Carmel Department of Parks and Recreation, pursuant to the requirements of the City. SO AGREED this ____ day of _____________ 2021. By: Carmel Corner Project Partners, LLC ____________________________________ Authorized Signature ____________________________________ Printed Name ____________________________________ Title Josh Landry EVP 08-04-21-03 DocuSign Envelope ID: AA00AF8E-1CC8-497A-9DE9-DB327337CC5D