HomeMy WebLinkAboutCC-03-04-24-03 Approving the Lease of Lakeshore Drive PropertySPONSOR(s): Councilor Aasen
This resolution was prepared by Sergey Grechukhin, Interim City Attorney, on 2/23/24 at 9:10 AM. No subsequent
revision to this Resolution has been reviewed by Mr. Grechukhin for legal sufficiency or otherwise.
RESOLUTION NO. CC-03-04-24-03
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF CARMEL, INDIANA, REGARDING
LEASE OF REAL PROPERTY TO THIRD PARTY
Synopsis: Resolution approves the lease of real property located at 10583 Lakeshore Drive
East that is not needed for a public purpose and establishes minimum monthly rent.
WHEREAS, the City of Carmel, Indiana (the “City”) acquired certain property located at
10583 Lakeshore Drive East, Carmel, Indiana consisting of a residential single-family dwelling
(the “Property”) for the purpose of constructing a roundabout at the intersection of Lakeshore
Drive and 106th Street; and
WHEREAS, due to funding constraints, the construction of said roundabout is not
scheduled for a significant amount of time, and the Property is not currently needed for any public
purpose; and
WHEREAS, pursuant to Ind. Code 36-1-11-4(b), using the average of two appraisals, it
has been determined that a fair market rental value of the Property is Two Thousand Five Hundred
Fifty Dollars per month ($2,550/month) or Thirty-Six Thousand Six Hundred Dollars per year
($36,600/year); and
WHEREAS, pursuant to Ind. Code 36-1-11-3(c), the fiscal body of a unit must approve
every lease of real property for which the total annual rental payments will be Twenty-Five
Thousand Dollars ($25,000) or more.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Carmel, Indiana as follows:
1. The foregoing Recitals are incorporated herein by this reference.
2. The Common Council hereby approves the lease for the Property for up to three-year term
or until the Property is needed for the construction of the roundabout or other public
improvement, whichever is earlier. The Property shall be leased pursuant to I.C. 36-1-11-
10. The Property’s legal description is set forth in Exhibit A, which is attached and fully
incorporated herein.
3. The minimum monthly rent for the Property shall not be less than Two Thousand Five
Hundred Fifty Dollars per month ($2,550.00/month) adjusted by reasonable transactions
costs and other expenses incurred by the City as result of such lease.
Resolution CC-03-04-24-03
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DocuSign Envelope ID: 02291DA3-AA8D-4E3A-A2A3-E116EB2C40CB
SPONSOR(s): Councilor Aasen
This resolution was prepared by Sergey Grechukhin, Interim City Attorney, on 2/23/24 at 9:10 AM. No subsequent
revision to this Resolution has been reviewed by Mr. Grechukhin for legal sufficiency or otherwise.
4. The Common Council hereby approves the BPW designation of James R. Crider, Chief of
Staff for the City of Carmel, Indiana, as its agent to complete everything necessary for the
lease transaction. James R. Crider is hereby authorized to execute all documents required
in connection with the lease of the Property pursuant to this Resolution.
5. This Resolution shall take effect immediately upon its passage by the Common Council
and approval of the Mayor.
[Signature page follows]
Resolution CC-03-04-24-03
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DocuSign Envelope ID: 02291DA3-AA8D-4E3A-A2A3-E116EB2C40CB
SPONSOR(s): Councilor Aasen
This resolution was prepared by Sergey Grechukhin, Interim City Attorney, on 2/23/24 at 9:10 AM. No subsequent
revision to this Resolution has been reviewed by Mr. Grechukhin for legal sufficiency or otherwise.
SO RESOLVED, by the Common Council of the City of Carmel, Indiana this _____ day of
_______________, 2024, by a vote of _____ ayes and _____ nays.
COMMON COUNCIL FOR THE CITY OF CARMEL
Anthony Green, President Adam Aasen, Vice-President
Jeff Worrell Teresa Ayers
Shannon Minnaar Ryan Locke
Matthew Snyder Rich Taylor
Anita Joshi
ATTEST:
Jacob Quinn, Clerk
Presented by me to the Mayor of the City of Carmel, Indiana this _____ day of
_______________, 2024, at __________ ____. M.
Jacob Quinn, Clerk
Approved by me, Mayor of the City of Carmel, Indiana this _____ day of
_______________, 2024, at __________ ____. M.
Sue Finkam, Mayor
ATTEST:
Jacob Quinn, Clerk
Resolution CC-03-04-24-03
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March
11:30
18th
9
March A
0
19th
19th
March A11:15
SPONSOR(s): Councilor Aasen
This resolution was prepared by Sergey Grechukhin, Interim City Attorney, on 2/23/24 at 9:10 AM. No subsequent
revision to this Resolution has been reviewed by Mr. Grechukhin for legal sufficiency or otherwise.
EXHIBIT A
LEGAL DESCRIPTION
The legal description of the real estate located at 10583 Lakeshore Drive East, Carmel, Indiana,
46033 is:
Section 8, Township 17, Range 4
BRIAR CREEK
Section 1
Lot 6
CONTAINING 21,380 SQUARE FEET, MORE OR LESS.
DocuSign Envelope ID: 02291DA3-AA8D-4E3A-A2A3-E116EB2C40CB