HomeMy WebLinkAboutCC-08-31-06-03 No TIF Tax/2007
SPONSOR: Councilor Richard L. Sharp
RESOLUTION CC-08-31-06-03
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
DETERMINING THAT NO TIF TAX SHALL BE LEVIED PURSUANT TO INDIANA CODE
6-1.1-21.2-12 FOR CALENDAR YEAR 2007
WHEREAS, Indiana law allows for the imposition of a tax increment replacement tax on property
located within the City pursuant to Indiana Code 6-1.1-21.2 (the "TlF Tax"); and
WHEREAS, pursuant to Indiana Code 6-1.1-21.2-12, the Common Council is authorized to
reduce or eliminate a TIF Tax levied on property located within the City's jurisdiction; and
WHEREAS, the Common Council has determined that any 2007 TIF Tax will be 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 I: 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 2007.
,
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 2007.
COMMON COUNCIL FOR THE CITY OF CA
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Kevin Kirby
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Mark Rattermann
Page One of Two Pages
The initial draft of this document was prepared by Douglas C. Haney, Carmel City Attorney, on August 18, 2006. Any changes thereafter
made to this document are the soie responsibility of the document sponsor.
[LIE Bas.\My DocumentsIResolution,-CCC\2006\Replacement T1F Levy RepeaI2007.doc:8118/2006 11 :20 AYl]
SPONSOR: Councilor Richard L. Sharp
Presented byme to the Mayor of the City of Carmel, Indiana, this 31.5~ay of G.u.~ 2006,
at '7: ;;\0 O'clock, P . M.
Diana L. Cordray, IAMC, Clerk reasurer
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Approved by me, Mayor of the City of Carmel, Indiana, this 31 day of
2006, at .,: ~O O'clock, L. M.
~
~es Brainard, Mayor
Council Resolution CC-08-31-06-03
Page Two of Two Pages
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The innial draft of this document was prepared by Douglas C, Haney, Carmel City Attorney, on August 18, 2006. Any changes thereafter
made to this document are the sole responsibility of the document sponsor.
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