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