HomeMy WebLinkAboutResolution 2021-9 (sale of Huntington Bank to Carmel Municipal Facilities Building Corp)RESOLUTION NO.2021-9
RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION
AUTHORIZING SALE OF PROPERTY TO THE CARMEL MUNICIPAL FACILITIES
BUILDING CORPORATION
WHEREAS, the City of Carmel Redevelopment Commission (the "Commission") previously
has purchased certain real estate described on Exhibit A hereto (the "Real Estate") located within the
City of Carmel, Indiana, for the purpose of providing a site for the City of Carmel, Indiana (the
"City") to construct an expansion to the existing police headquarters building in the City (the
"Project"); and
WHEREAS, in order to facilitate the financing of the Project, the Commission desires to
authorize the disposition of the Real Estate by sale to the Carmel Municipal Facilities Building
Corporation (the `Building Corporation"), which has been formed as an Indiana nonprofit entity to
issue bonds on behalf of the City pursuant to Internal Revenue Service Rev. Proc. 82-26, and thereby
is acting as an agency of the City for the public purpose of financing the Project;
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment
Commission, governing body of the City of Carmel Redevelopment District, as follows:
1. Pursuant to IC 36-7-14-22(a), the Commission hereby approves the sale of all
interests or rights of the Commission in the Real Estate to the Building Corporation, acting as an
agency of the City for the public purpose of financing of the Project.
2. The purchase price for the Real Estate shall be One Million Three Hundred Thousand
Dollars ($1,300,000).
3. The President, Vice President and Secretary of the Commission, and each of them, is
hereby authorized and directed, for and on behalf of the Commission, to execute and deliver any
contract, deed, agreement, certificate, instrument or other document and to take any action as such
person determines to be necessary or appropriate to accomplish such sale.
Adopted the 21 st day of April, 2021.
CITY OF CARMEL REDEVELOPMENT
COMMISSION
ice
Secretary
Member
Member
c.
EXHIBIT A
The Real Estate consists of the property located at 998 South Rangeline Road, Carmel, Indiana
46032, as more particularly described as follows:
LEGAL DESCRIPTION
EXHIBIT "A"
The land referred to herein below is situated in the County of Hamilton, State of Indiana, and is described
a$ follows:
Parcel 1:
Part of the Northeast Quarter of Section 36, Township 18 North, Range 3 East in Hamilton County,
Indiana, more particularly described as follows: Beginnirg on the East line of the Northeast Quarter of
Section 36, Township 18 North, Range 3 east, 1657.00 feet South 00'00'00" (assumed baaring) from the
Nart;heast corner thereof; thence Norlb 89'46'00" 'West 163_00 feet; thence South 00'00'W' parallel with
the said (East line 151.83 feet to the North right of way line of Gradle Drive; thence South 89°42730" East
on and along said right of way line 163.00 feet to the East line of said Northeast Quarter, thence North
00'00'00" on and along said East line 152.00 feet to the place of beginning, containing 0.57 acres, more
or less. (EXCEPT: A Part of the Northeast Quarter of Section 36, Township 18 North, Range 3 East. City
of Carmel, Hamiton County, Indiana, described as follows: Commencing at the Northeast corner of said
section; thence South 1 "14'30" East 1.657.00 feet alorig the East tine of Said Section; thence South
88'59'30"" Olest 35.00 feet to the point of beginning of this description, which point is the intersectlan of
the 'Test boundary of Rangeline Road (Westfield Boulevard) with the Nardi lime of the Miner's land;
thence South 1"14`30" East 151.964 feet along said West boundary to the North boundary of Gradle
Drive; thence South 89'03'00" Va'est 10,00 feet along said North boundary; thence North 1`14'30" West
151.954 feet to the North line of the owners land; thence North 88`59'30" East 10.00 feet along said
North boundary to the paint of beginning and containing 0.035 acres, more or less_
Parcel 2:
An easement for ingress and egress as set forth in Easement For Use of Driveway In Common dated
April 17, 1974 and recorded June 03. 1974 in Creed Record 274, page 218, as Insiturnent Number 4505
in the Office of the Recorder of Hamilton County, Indiana,
DMS 19627721.1
A-1
