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HomeMy WebLinkAboutCC-11-17-80 EDC/Kirby Office RESOLUTION NO. THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA WHEREAS, the City of Carmel, Indiana (the "CITY") is authorized by I.C. 18-6-4.5 (the "ACT"), to issue revenue bonds for the finan- cing of economic development facilities, the funds from said finan- cing to be used for the construction of said facilities, and said facilities to be either leased to another person or directly owned by another person; and . IRBY. JR. and JEAN H. KIRBY, residents.of the WHEREAS, JO~N S _K ~--~ advised the Carmel Economzc City of Carmel, have Dy appz~ .... Development Commission and the City that they propose that the City loan proceeds of an economic development financing to JOHN S. KIRBY, JR. and JEAN H. KIRBY for construction of an office building to be located at 150 West Carmel Drive in Carmel, Indiana, said economic development facility to be building improvements and equipment acquisitions; and WHEREAS, it appears from the.~pli~atio~ of JOHN S. KIRBY, JR. and JEAN H. KIRBY that the diversz~zcatzon os commerce and increase in job opportunities and payroll to be achieved by the Project will be of public benefit to the health, safety and general welfare of the City and its citizens; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, that based upon the application of JOHN S. KIRBY, JR. and JEAN B. KIRBY: 1. It finds and determines that the promotion of diversifica- tion of commerce, job opportunities and payroll zn and near Carmel, Indiana, is desirable to preserve the health, safety, and general welfare of the citizens of the City; and that it is in the public interest that the Common Council of the City of Carmel, Indiana, take diversification of com- ' n such actZo as it lawfully may to encourage merce and promotion of job opportunities in and near said City. 2. It further finds and determines that the issuance and sale of revenue bonds of the City under the Act in an approximate amount of $750,000.00 for the Project and the loan of the proceeds of the revenue bonds to JOHN S. KIRBY, JR. and JEAN H. KIRBY will serve the public purposes referred to above in accordance with the Act. 3. In order to induce JOHN S. KIRBY, JR. and JEAN H. KIRBY to proceed with the Project, the Common Council of the City of Carmel, Indiana, hereby determines that: (a) It will take or cause to be taken such actions pursuant to the Act as may be required to implement the aforesaid finan- cing, or as it may dee a~proprzate zn pursuanc? thereof, pro ~ m --n~ shall be as authorzzed by law and vzded that all the ~orego~ ~ is mutually acceptable to the City and JOHN S. KIRBY, JR. and JEAN H. KIRBY; and (b) It will adopt such resolutions and authorize the execu- tion and delivery of such instruments and the taking of such action as may be necessary and advisable for the authorization, issuance and sale of said economic development bonds. e Pro'ect incurred after this.Resolution for 4. All costs of t~ . 3_ A~ ~,,~'n~ constructzon, ~nder- planning, engineering, ~e~nb~Uc~e~ fee~, acq~i~itz~n~°~r writing expenses, ~n?rn={= +he Pro~ect, includzng ~ezmours~m=.~ = struction, and equ~pp!~%~ ~p ondOJEAN H. KIRBY wzll be permz~neu~ repayment to JOHN ~. ~l~'~o~d issue to finance said Pyo3~ct~n~ to be included ~s pa~ %z~n the nroceeds of th~ revenue DonGs no the City wzll t~erea~ner ~ ~ JOHN S. KIRBY, JR. and JEAN H. KIRBY for the Pro3ect' PASSED AND A~PTED this ~ _ day of~__~~' 1980. COMMON COUNCIL OF THE CITY OF CARMEL, ~DIANA Attest: --~----C~r~ea~urer Presented by me to the Mayor of the City of Carmel on the ~ day of ~' 1980, at the hour of ~:~P _~'M' ~-~-~~urer APPROVED AND SIGNED by me on ~he _/~ day of ~____~ ' at the hour of _~// :_/~ ~...M. 1980, Mayor