HomeMy WebLinkAboutResolution 2021-30 (North End TIF Pledge amendment)RESOLUTION NO.2021-30
A RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION
AMENDING TIF PLEDGE RESOLUTION NO. 2021-7
WHEREAS, the City of Carmel Redevelopment Commission (the "Commission") has created the
Smokey & Monon Allocation Area (the "Allocation Area") for purposes of the allocation and distribution
of property taxes under IC 36-7-14-39; and
WHEREAS, the Commission previously adopted its Resolution No. 2021-7 on March 17, 2021
(the "Pledge Resolution"), which pledged the tax increment revenues derived from the parcels of real
property in the Allocation Area listed in Exhibit B thereto to the payment of the City of Carmel, Indiana,
Taxable Economic Development Revenue Bonds, Series 2021 (North End Project) (the "Bonds");
WHEREAS, due to re -platting and further definition of the site of the proposed projects in the
Allocation Area, the Commission desires to amend the list of parcels listed in Exhibit B of the Pledge
Resolution.
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment Commission, as
follows:
1. Exhibit B of the Pledge Resolution is hereby amended to include only the following four
parcels: 17-09-24-00-00-036.000, 17-09-24-00-06-003.000, 17-09-24-00-06-013.000, and 17-09-24-00-
06-071.000.
2. This resolution shall take effect immediately upon adoption by the Commission.
Adopted the 15t' day of December, 2021.
Member
DMS 21573011.2