HomeMy WebLinkAboutCC-11-20-23-03 Approving Michigan Road EDA and Allocation Area
Sponsor: Councilor Worrell
RESOLUTION CC-11-20-23-03
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA
APPROVING CERTAIN MATTERS IN CONNECTION WITH THE
MICHIGAN ROAD ECONOMIC DEVELOPMENT AREA
Synopsis:
Resolution approves (1) a resolution of the Carmel Redevelopment Commission creating
the Michigan Road Economic Development Area, designating the entirety thereof as a new
allocation area known as the Michigan Road Allocation Area, and adopting an economic
development plan for the Michigan Road Economic Development Area, and (2) a related Carmel
Plan Commission resolution.
WHEREAS, the City of Carmel Redevelopment Commission (the “Redevelopment
Commission”), as the governing body for the City of Carmel Redevelopment Department,
pursuant to Indiana Code 36-7-14, as amended (the “Act), adopted its Resolution No. 2022-3 on
March 16, 2022 (the “CRC Resolution”), which (i) created a new economic development area
known as the Michigan Road Economic Development Area (the “Economic Development Area”),
(ii) designated the entirety of the Economic Development area as a new allocation known as the
Michigan Road Allocation Area (the “Allocation Area”), and (iii) adopted an economic
development plan for the Economic Development Area (the “Plan”); and
WHEREAS, the City of Carmel Plan Commission, on October 17, 2023, approved and
adopted its Resolution No. PC-10-17-23-a (the “Plan Commission Order”) determining that the
CRC Resolution and the Plan conform to the plan of development for the City of Carmel, Indiana
(the “City”), and approving the CRC Resolution and the Plan; and
WHEREAS, pursuant to Section 16(b) of the Act, the Redevelopment Commission has
submitted the CRC Resolution, the Plan, and the Plan Commission Order to the Common Council
of the City.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel,
Indiana, as follows:
1. Pursuant to Section 16(b) of the Act, the Common Council of the City determines
that the CRC Resolution and the Plan conform to the plan of development for the City, and
approves the CRC Resolution, the Plan, and the Plan Commission Order.
2. Pursuant to Section 41(c) of the Act, the Common Council hereby approves the
determination that the Economic Development Area is an economic development area pursuant to
the Act.
3. This Resolution shall be in full force and effect from and after its passage by the
Council and approval by the Mayor as required by law.
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PASSED by the Common Council of the City of Carmel, this _____ day of _____________, 2023,
by a vote of ______ ayes and ____ nays.
COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA
___________________________________
Jeff Worrell, President Laura Campbell, Vice-President
___________________________________ ____________________________________
Kevin D. Rider Sue Finkam
___________________________________ ____________________________________
Tim Hannon Miles Nelson
___________________________________ ___________________________________
Tony Green Adam Aasen
___________________________________
Teresa Ayers
ATTEST:
__________________________________
Sue Wolfgang, Clerk
Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of
_________________________, 2023, at _______ __.M.
____________________________________
Sue Wolfgang, Clerk
Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of
________________________ 2023, at _______ __.M.
____________________________________
James Brainard, Mayor
ATTEST:
Sue Wolfgang, Clerk
Prepared by: Bradley J. Bingham
Barnes & Thornburg LLP
11 South Meridian Street
Indianapolis, IN 46204
DMS 40351413.1
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Opposed
Not Present
20th
1
10:40
22nd
ANovember
November
November
Not Present
6
A
22nd
10:30
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ECONOMIC DEVELOPMENT PLAN PAGE 1
City of Carmel
Redevelopment Commission
Economic Development Plan for the
Michigan Road Economic Development Area
Dated: March 16, 2022
PURPOSE AND INTRODUCTION
The City of Carmel Redevelopment Commission (the “Commission”), the governing
body of the Department of Redevelopment and the Redevelopment District (the “District”) of
City of Carmel, Indiana (the “City”), proposes to designate and declare an economic
development area within the City to be known as the “Michigan Road Economic Development
Area” (the “Area”) and proposes to designate the entire Area as an allocation area to be known
as the “Michigan Road Allocation Area” (the “Allocation Area”). This document is the plan for
the Area (the “Plan”), provided that this Plan may be amended in the future as provided in
Indiana Code 36-7-14, as amended from time to time (the “Act”) and in this Plan.
Pursuant to Sections 15 and 16 of the Act, the Plan must be approved by the Commission,
the City Plan Commission and the Common Council of the City. Upon such approvals, the
Commission will hold a public hearing on the Plan as required under Section 17 of the Act,
before confirming (or modifying and confirming) the designation of the Area and the approval of
the Plan.
PROJECT OBJECTIVES
The purposes of the Plan are to benefit the public health, safety, morals and welfare of the
citizens of the City; increase the economic well-being of the City and the State of Indiana; and
serve to protect and increase property values in the City and the State of Indiana. The Plan is
designed to (i) promote significant opportunities for the gainful employment of citizens of the
City, (ii) assist in the attraction of major new business enterprises to the City, (iii) retain and
expand significant business enterprises existing in the City, (iv) provide for local public
improvements in the Area, (v) retain and attract permanent jobs, (vi) increase the property tax
base, and (vi i) improve the diversity of the economic base of the City. Providing high quality
housing options will help accomplish these objectives.
DESCRIPTION OF AREA
The Area is bounded as follows: A map identifying the parcels comprising the Area is
attached to this Plan as Exhibit A hereto.
DESCRIPTION OF PROJECTS
In order to accomplish the Plan, the Commission currently estimates that it will proceed
to carry out the design, acquisition, construction, installation, equipping and improvement
projects in, serving or benefitting the Area which are necessary to facilitate the orderly
development in the Area, including, but not limited to, needed public infrastructure and site
improvements (collectively, the “Projects”).
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ECONOMIC DEVELOPMENT PLAN PAGE 2
ESTIMATED COSTS OF THE PROJECTS
Because the Commission does not intend to acquire any interests in real property for the
Project at this time, the Commission will not incur any costs of acquisition. However, the
Commission will incur certain costs in connection with the development of the Projects. The
estimated cost of the Projects is approximately $50,000. The Commission anticipates paying for
such Projects with tax increment revenues derived from the Allocation Area.
ACQUISITION OF PROPERTY
In connection with the accomplishment of the Plan, the Commission has no present plans
to acquire any interests in real property. In the event the Commission determines to acquire any
interests in real property in the future, it shall follow procedures set forth in Section 19 of the
Act. The Commission may not exercise the power of eminent domain.
DISPOSAL OF PROPERTY
The Redevelopment Commission may dispose of any real property acquired in the future
by sale or lease to the public pursuant to procedures set forth in Section 22 of the Act.
STATUTORY FINDINGS OF FACT
A. The Plan for the Area addresses the statutory requirements under Section 41(b) of the Act,
as evidenced by the following findings of fact:
1. The Plan for the Area promotes significant opportunities for the gainful
employment of the citizens of the City, attracts new business enterprise to the
City, retains or expands a business enterprise existing in the City, or meets other
purposes of Sections 2.5, 41 and 43 of the Act.
The Plan will improve the City’s infrastructure and aesthetics and foster
additional economic development in and serving the Area. In addition, the Plan will
provide and improve the City’s housing options and thereby foster additional economic
development in and serving the Area. These housing options are designed to attract new
commercial development in the vicinity of the Area. These new business enterprises will
provide opportunities for employment for the citizens of the City.
2. The Plan for the Area cannot be achieved by regulatory processes or by the
ordinary operation of private enterprise without resort to the powers allowed
under Sections 2.5, 41 and 43 of the Act because of a lack of local public
improvements, the existence of improvements or conditions that lower the value
of the land below that of nearby land, multiple ownership of land, or other similar
conditions.
The Commission’s contribution of the Projects will pave the way for future
growth and development in and serving the Area. The implementation of the Plan will
also provide greater accessibility and walkability for residents and commercial entities in
the Area.
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ECONOMIC DEVELOPMENT PLAN PAGE 3
3. The public health and welfare will be benefited by accomplishment of the Plan for
the Area.
By creating new opportunities for employment and high quality housing,
implementation of the Plan will benefit the public health and welfare for the citizens of
the City. Additionally, new or expanded industry and other development will contribute
to the overall health of the City by increasing and the diversifying the tax base. The
development of trails and pathways through the Area further aids in the public health and
welfare of the City.
4. The accomplishment of the Plan for the Area will be a public utility and benefit as
measured by public benefits similar to the attraction or retention of permanent
jobs, an increase in the property tax base, improved diversity of the economic
base, or other similar public benefits.
The Projects contemplated by the Plan will be of public utility and benefit by
putting in place infrastructure and/or other incentives to support future development,
thereby retaining or creating new jobs, maintaining the property tax base and allowing for
further economic development and improved diversity of the economic base of the City.
5. The Plan for the Area conforms to other development and redevelopment plans
for the City, if any.
The Plan conforms with the intended plan of development for the area as
prescribed by the City of Carmel Plan Commission. The Plan does not provide for any
change in use of the property in the Area, but rather better utilization of the Area for the
purposes currently contemplated by the intended plan of development for the City.
B. The Plan for the Area addresses the statutory requirements under Section 39(b) of the Act, as
follows:
The adoption of the allocation provisions for the Allocation Area will result in new
property taxes in the Area that would not have been generated but for the adoption of the
allocation provision. After discussing the development of the Area with various stakeholders,
the Commission finds that the ability to maintain and attract new business by providing high
quality housing would not occur but for the availability of tax increment revenues to finance the
Projects as contemplated by this Plan.
AMENDMENT OF THE PLAN
This Plan may be amended by following the procedures described in Sections 15 through
17.5 of the Act.
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EXHIBIT A
EXHIBIT A
MAP AND DESCRIPTION OF AREA
Attached hereto is a map describing the parcel comprising the Area.
PARCEL ID NUMBERS:
17-13-06-00-00-034.000
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EXHIBIT A
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