HomeMy WebLinkAboutCC-09-06-05-05 Eliminate TIF Tax/2006SPONSOR: Councillor Rattermann
RESOLUTION CC-09-06-05-05
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 PAYABLE 1N CALENDAR YEAR 2006
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 "TW 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 TIF Tax payable in 2006 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 2006.
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
2006.
PASSED by the Common Council of the City of Carmel, Indiana this day of
~~ ,2005 by avoteof 7 _ayes and ~ .nays.
COMMON COUNCIL FOR THE CITY OF CARMEL~ INDIANA
Pre, siding Off{cer
,~/~//Jose~,,C~. Griffiths // ATTEST:
Richard L. Sharp 7
na L. Cordray, IAMC, Clerk-Treasurer
Presented by me to the Mayor of the City of Carmel, Indiana, at
the &-/4., dayof,,~q~~ ,2005.
-7.' ID
o'clock ,o M. on
na L. Cordray, IAMC, Clerk-Treasurer
,Approved by me, Mayor of the City of Carmel, Indiana, at -7.'
~ day of ~ ,2005.
JaB'~s Brainard, Mayor
o'clock/9 M. on this
ATTEST:
Diana L. Cordray, IAMC, Clerk-Treasurer
Prepared by: Diana L. Cordray
Clerk-Treasurer
City of Carmel