HomeMy WebLinkAboutCC 08-01-22-02/CRC Land Acquisition Approval ResolutionSPONSOR: Councilor Worrell
This Resolution was prepared by Jon A. Oberlander, Corporation Counsel, on 7/21/22 at 1:13 p.m. No subsequent revision to this Resolution
has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
RESOLUTION NO. CC 08-01-22-02
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
APPROVING THE ACQUISITION OF REAL PROPERTY BY THE CARMEL
REDEVELOPMENT COMMISSION
Synopsis: Approves the expenditure of up to Three Million Five Hundred Thousand Dollars by the
Carmel Redevelopment Commission from the 2021 Redevelopment District Bond for the purchase
of seven parcels of real property related to a proposed redevelopment project.
WHEREAS, on May 3, 2021, the Carmel Common Council ("Council") approved Resolution No.
CC 12-21-20-04, which authorized the issuance of redevelopment district bonds (the “Bonds”) in an
amount not to exceed Twenty Five Million Dollars ($25,000,000) to finance various redevelopment
projects in the City of Carmel (the “City”); and
WHEREAS, the Council approved the expenditure of Thirteen Million Six Hundred Ninety
Thousand Dollars ($13,690,000) of proceeds from the Bonds for land acquisition related to
redevelopment projects, with the condition that when the Carmel Redevelopment Commission (“CRC”)
seeks to spend proceeds of the Bonds on parcel(s) of real property that total Fifty Thousand Dollars
($50,000) or more, the CRC must submit the proposed purchase to the full Council for their review and
approval; and
WHEREAS, the CRC seeks to acquire seven parcels of real property for a proposed
redevelopment project, the total cost of which parcels will not exceed Three Million Five Hundred
Thousand Dollars ($3,500,000), plus fees and costs associated with the acquisition of the real property;
and
WHEREAS, it is in the best interest of the City to approve the CRC’s proposed expenditure of
Three Million Five Hundred Thousand Dollars, plus associated fees and costs, from the proceeds of the
Bonds for the acquisition of the real property set forth in this Resolution.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel,
Indiana, that:
Section 1. The foregoing Recitals are incorporated herein by this reference.
Section 2. The Common Council of the City of Carmel, Indiana hereby approves the CRC’s
expenditure of up to Three Million Five Hundred Thousand Dollars ($3,500,000), plus associated fees and
costs, from the 2021 Redevelopment District Bonds to purchase the following parcels of real property:
i. Tax Parcel #: 16-10-30-03-01-029.000
ii. Tax Parcel #: 16-10-30-03-01-028.000
iii. Tax Parcel #: 16-10-30-03-01-027.000
iv. Tax Parcel #: 16-10-30-03-01-026.000
v. Tax Parcel #: 16-10-30-03-01-010.000
vi. Tax Parcel #: 16-10-30-03-01-011.000
vii. Tax Parcel #: 16-10-30-03-01-012.000
Resolution CC 08-01-22-02
DocuSign Envelope ID: 242BDDC8-C88D-4BE6-8E3B-F9C5759011FE
SPONSOR: Councilor Worrell
This Resolution was prepared by Jon A. Oberlander, Corporation Counsel, on 7/21/22 at 1:13 p.m. No subsequent revision to this Resolution
has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
Page One of Two Pages
SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ____ day of
________, 2022, by a vote of _____ ayes and _____ nays.
COMMON COUNCIL FOR THE CITY OF CARMEL
___________________________________
Kevin D. Rider, President Jeff Worrell, Vice-President
___________________________________ ____________________________________
Sue Finkam Laura Campbell
___________________________________ ____________________________________
H. Bruce Kimball Anthony Green
___________________________________ ___________________________________
Adam Aasen Tim Hannon
___________________________________
Miles Nelson
ATTEST:
__________________________________
Sue Wolfgang, Clerk
Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of
_________________________ 2022, at _______ __.M.
____________________________________
Sue Wolfgang, Clerk
Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of
________________________ 2022, at _______ __.M.
____________________________________
James Brainard, Mayor
ATTEST:
___________________________________
Sue Wolfgang, Clerk
Resolution CC 08-01-22-02
Page Two of Two Pages
DocuSign Envelope ID: 242BDDC8-C88D-4BE6-8E3B-F9C5759011FE
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