HomeMy WebLinkAboutCC-02-17-86-02 Carmel Civic SqREso uTio NO.
RESOLUTION OF THE COMMON COUNCIL OF
THE CITY OF CARMEL DETERMINING THE NEED
FOR A NEW MASTER FIRE STATION, PARKING AREA
CIVIC SQUARE AND AMPHITHEATRE, AND APPROVING
THE INCORPORATION OF THE CARMEL CIVIC SQUARE
BUILDING CORPORATION
WHEREAS, the Board of Public Works and Safety and the Common
Council of the City of Carmel, Indiana, have received certain
reports and the petition of the taxpayers of said city, indi-
cating the need for a new master fire station, parking area,
civic square and amphitheatre in the City of Carmel, Hamilton
County, Indiana; and
WHEREAS, the Carmel Board of Public Works and Safety and the
Common Council of the City of Carmel have conducted investiga-
tions concerning the need for such facilities, both before and
after the filing of such petitions; and
WHEREAS, the Articles of Incorporation and the Bylaws of the
Carmel Civic Square Building Corporation, a not-for-profit cor-
poration formed under the laws of the State of Indiana, have been
presented to the Common Council for the City of Carmel by certain
taxpayers of the city;
NOW, THEREFORE BE IT RESOLVED by the Common Council of the
City of Carmel, Indiana, as follows:
SECTION 1. That the Common Council of the City of Carmel,
Indiana, being the fiscal body of the City of Carmel, after
investigation, hereby determines that a new master fire station,
parking area, civic square, and amphitheatre, referred to in the
petition of taxpayers, is needed and that said facility should be
leased by the City of Carmel, Indiana.
SECTION 2. That it is hereby determined to be proper, and in
the public interest, to approve the incorporation of the not-for-
profit corporation known and designed as the Carmel Civic Square
Building Corporation for the purpose of financing, constructing,
and equipping the new master fire station, parking area, civic
square and amphitheatre, and leasing same to the City.
SECTION 3. That the Articles of Incorporation and Bylaws of
the Carmel Civic Square Building Corporation presented to and now
before this Common Council, are hereby approved.
SECTION 4. That the providing for the financing, construc-
tion and.equipping of such facilities by the Carmel Civic Square
Building Corporation and the leasing of same to the City through
the Carmel Board of Public Works and Safety, is in the public
interest of the citizens of this City and it is a proper public
purpose for which this Common Council agrees to cooperate with
the Carmel Civic Square Building Corporation and to assist it in
fulfilling the requirements of all agencies of the Federal, State
and City Governments.
SECTION 5. That the issuance, sale and delivery by the
Carmel Civic Square Building Corporation of bonds designed the
"Carmel Civic Square Building Corporation Mortgage Bonds" in the
aggregate principal amount of Three Million Nine Hundred Eighty
Five Thousand Dollars ($3,985~000.00) is hereby approved.
2
SECTION 6.
bonds to be
Corporation,
Corporation
That upon the redemption or retirement of the
issued by the Carmel Civic Square Building
the City of Carmel will accept from said Building
title to such master fire station, parking area,
civic square and amphitheatre, and appurtenant facilities, free
and clear of any and all liens and encumbrances thereon.
SECTION 7. The Common Council of the City of Carmel,
Indiana, hereby approves the following to act as initial
Directors of the Carmel Civic Square Building Corporation:
John D. Proffitt Kenneth M. Keltner
Daniel O'Malia C. Evan Parks
William A. York, Ph.D.
SECTION 8. That upon the Carmel Civic Square Building
Corporati,on being duly organized to conduct business, it may
issue, sell and deliver its Bonds, pursuant to the applicable
laws of the State of Indiana, and may encumber any real property
or equipment acquired by it for the purposes of financing the
construction and equipping of said master fire station, parking
area, civic square and amphitheatre, and related facilities, and
may enter into such contracts for the sale of the Bonds and the
construction and acquisition of such facilities.
Passed and Resolved this 17th day of February, 1986.
COMMON COUNCIL FOR THE CITY
OF CARMEL, INDIANA
APPROVED:
ATTEST:
JANE A. REIMAN, Mayor