HomeMy WebLinkAboutCC-06-06-05-01 No TIF Tax/2005SPONSORS: Councillors Mayo and Sharp
RESOLUTION CC-06-06-05-01
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL~
INDIANA~ THAT DETERMINES NO TIF TAX SHALL BE LEVIED PURSUANT TO
INDIANA CODE 6-1.1-21.2-12 FOR CALENDAR YEAR 2005
WHEREAS, Indiana law imposes a tax increment replacement tax on certain property
located within the City pursuant to Indiana Code 6-1.1-21.2 (the "TIF Tax"); and
WHEREAS, pursuant to Indiana Code 6-1.1-21.2-12, the Common Council is authorized
to reduce or eliminate the TIF Tax levy on property located within the City's jurisdiction; and
WHEREAS, the Common Council has determined that the 2005 TIF Tax is unduly
burdensome on Carmel taxpayers, and therefore should not be levied.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel,
Indiana, as follows: · ·
Section 1: The foregoing Recitals are incorporated herein by this reference.
Section 2: No TIF Tax shall be levied pursuant to Indiana Code 6-1.1-21.2 for calendar
year 2005.
Section 3: The Carmel Redevelopment Commission shall report to the Department of
Local Government Finance that the City of Carmel has determined not to levy the TIF Tax on
property located within any allocation area subject 'to the City's jurisdiction for calendar year
2005.
PASSED by the Common Council of the City of Carmel, Indiana this (-.o-~' day of
,2005 by a vote of ~ .ayes and (~ _nays.
COMMON COUNCIL FOR THE CITY OF CARMEL, INDIANA
°sg~ 'C~' Griffiths /J ~'
ATTEST:
Diana L. Cordray, IAMC, '~Treasurer
Ke'~i~i.r_.~ ~/irby, Presi ' ro Te_mp~)re
ayo
Mark l~atierman~
Richard L. Sharp
Presented by me to the Mayor of the City of Carmel, Indiana, at ~.'~
the ~,-4-~. day of ~ ,2005.
o'clock/9 M. on
Diana L. Cordray, IAMC, Clerki~easurer
.~o. proved by me. Mayor of the City of Carmel, Indiana, at '7.' D~-' o'clock t° M. on this
/_a -r,-- day of ~ ,2005.
nard, Mayor
ATTEST:
Diana L. Cordra~ IJkMC, Clerlc-~reasurer
This document prepared by Assistant City Attorney Thomas D. Perkins.