HomeMy WebLinkAboutResolution BPW 03-06-24-09/ENG/Lease of Property to Third Party/10583 Lakeshore Drive East
RESOLUTION NO. BPW 03-06-24-09
A RESOLUTION OF THE CITY OF CARMEL BOARD OF PUBLIC WORKS AND SAFETY
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 Thousand Six Hundred Dollars per year ($30,600/year); and
WHEREAS, pursuant to Ind. Code 36-1-11-3(c), the Common Council approved the lease and
the annual rental payments; and
WHEREAS, pursuant to Ind. Code 36-1-11-10, the disposing agent shall determine a minimum
bid amount and solicit bids pursuant to Ind. Code 36-1-11-4; and
WHEREAS, the Board of Public Works and Safety (the “Board”) now desires to proceed with the
bid solicitation for the lease of the Property.
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Board of Public Works and
Safety that:
Section 1. The foregoing Recitals are incorporated herein by this reference.
Section 2. The Board 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 City’s Legal Department shall draft the lease document for the Property. 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.
Section 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 No. BPW 03-06-24-09
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Section 4. The Board hereby designates James R. Crider, Chief of Staff and Purchasing Agent for
the City of Carmel, Indiana, as its agent to complete everything necessary for the bid solicitation and lease
transaction pursuant to Ind. Code 36-1-11-4 and 10. James R. Crider is hereby authorized to execute all
documents required in connection with the lease of the Property pursuant to this Resolution.
Section 5. The bidding will continue from day to day for a period determined by Mr. Crider but
not more than sixty (60) days.
Section 6. The Board shall consider the winning bid for approval at its regularly scheduled
meeting.
Section 7. This Resolution shall be effective from and after adoption by the Board.
[Signature page follows.]
Resolution No. BPW 03-06-24-09
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SO RESOLVED
By the Carmel Board of Public Works and Safety
BY:
Sue Finkam, Mayor
Date:
Laura Campbell, Member
Date:
Alan Potasnik, Member
Date:
ATTEST:
Jacob Quinn, City Clerk
Resolution No. BPW 03-06-24-09
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4/3/2024
NOT PRESENT
4/3/2024
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: 46E585B7-869E-4C05-8A9E-44B9BC1BE066