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HomeMy WebLinkAboutCommitments RECORDED DEC-03-2002 10:58 3179741238 P.02 . ~, 1. :r I. , ., .. ., In a.ccordnllcc with l,e. 36-7.4-607. Providence Housing l)artnl::rs. LLC, I\Illndiana 1i mite" liabilily cl1mplmy. and Providence CClmmercial Parlr\cfl5. LLC,lllllndiana limited liability company, the ()wnt;rs ofthe reat eSl31e located in Carmel, Hamilton COllllly, Indiana, which is describ~d on n~h,ln.1At',tlached herelo and mndt:: apart hereof ('I Real Uslille"), make th~ following commill"cnls (lhe t'ConllnitrncIIls") eoncel'lling the ~lSU and dcvelopnH:nl oflllo Real Estate !I.S Providence at 01<1 Merid ian (the "Development") pl1rsuant 10 the rmvidcnc:c I1t Old Meridian Planned Unit J)cvdopm~nl Dislrict Ordini1ncl: adopllllt by the Carmel City Council on Sepfember 21, I c)')9 (Onlin.lnc~ No. Z-J)8) (the "OrUin31lCcll) and the Ikvel()f1rl1en( Plan approved p\lrSlI:IlH lhereto. ~,:,~l~ ., . .. " iTA Tl~MI~NT 9U,J1MMrrM~NTS 1. Cnpitalizcll tcnt1!l us~d but not delinc!<.I herein shall have lhe menning given such Lerms in tlm Onlin:u\co. 2. J r a slrccl10 be localed on the real est:lTe in area res~rYcd for such slreel as shown Ql1lhc De\'olopmcflll1lan and descrihed i1\ H~~_ attached hereto and incorporated by reference (the "Slreet ncnJ ~st;\to") is adderlln the City of Cannel, Inlll ana's Thol'O \I gh rare l'hm by September 21, 20r)I, Ihe Street RC:.ll [;sl:..llc shall be, upon notice from the CiLy orCarmel~ IrIdian'll or its applicnble ~get)cy or llep~lrlmenl ',hat it is about to COrTIlll(';11ce constrllction of such street 011 the Slrccl Real nSlale, dc<licatcl.lla Ihe City ofCa.lmcl, In~i;m!l ns public right-of-way. rh street to be loculed 011 the Street Real f.:.slate is noll1udcd 10 Ciry ofCnrmcI,lndinnil's Thor<"ughfare rhU1 by StrHcmllar 21. 7.001, the obligalion.lo chltJicBtc Ihe Street !teal Estate to the City nrCam'll:JI, Indiana sllTllllerminil\c, nnd \~is COnImitment and all orits requirements an<1 c,bligations also r;hallle.nninntu, :\. Ontilthc Street R~l F.sllle, if ever, is (kdicalcd, the Slretl Real Uslat!!. may be Llscd for any Illwful pllrpOIlC. If l\ street to be loc~tcd on 111\':1 Slreet Roal nstatc in illldcd lo the C';(y of C~\rlrl Ill's Thr)f<"ugll f!lr~ f1lnn by September, 200 I,then, upon dedication, the City () renrmel, Imlilll1:l slml1 nol b~ ohligated or roqtlircd to compensate I he owllCr ofthe Street Rei'll F.St~te for \lny non-rnacl imjl1"ll\ll.:Inl:l'lts locntecllhcrcol1. The owner of the: fl:'.'\1 cSitat~ shall have no ob1i ~alicl1\ 10 cUIlS'fuel or pay for lho cost orany rond ~r street irnpro\'cllltlltli ill the Slreel Reill ESlotc. These Commitnu:nls shall run .with the hmd, be binding 01\ the owner or the Real E5tato. !iubscqucnt owners of the Re;'ll ~~"tate and' othr persons acquiring an inleref;t therein. This COlllmirmMls n111Y be Inadifien or tenllil1alcd !'y l\ docilol;r.n oflhe Camlcl-Ctay Plan Commission m.lde ill l:\ 1mb lie hC:i\ring a.fter appHcarion by alt OWl1ef of lhe Real Estate and proper notice IICIS be;cll givon. ~~"".' . ,. ." II DEC-03-2002 10:58 ~ln:"'l!Ti':~ Ie 33311 07'11312001 3179741238 P.03 ThcliC Commitments may be onforccdjointly or sovcrally by: 1. The Cll.mlellClay Plal1 Commission 2, Thu City of Cannel. ImlJcma 3. 1'hc owner of any parl ofth~ Real Estate IN WITNESS WHF.REOF. the owner h;,\s executed this illSlnnncnl this .,.11 day oOuly. 2000. PROVlOllNCE HOUSING PARTNm~S, LLC ~:-z...-c--... - ---.-\--..-..-- -- Ht'adley U. Chambers, 1\S So\~ Member PROVIDENCE COMMERCIAL PARTNERS, l.LC _P7 \~t:~ Ill'adley 13. Chambers, Us Sole Member ~'t^ TT~ or INDIANA COUNTY 01' \'NV\;L~ ) ) ss: ) Before me. a Nolary Pul)1ic in and for saillCoLlnty and Stale. personally llppt:ar~d Bradley n. Chamberli. Ihe sole member of Providence Housing l'nrtncts, LtC. an Jndian111imilcd lii.lbility compallY, who acknowledged the extcutiol1 of tile Coref::oing instrument fur find on bell a I f of said limited liability companY.llnd who, having beefl duly sworn, stalcu that any representations llu:rcirl contained arc lnlc. Commission flxplre&: County or Residence: DEC-03-2002 10:58 3179741238 fl u8sted B: c 33J11 07\13\2001 ' " " . . ST^TI~ OF INDIANA ) , } SS: COUN1Y OF rr'UA~ ) ncfore me, a Notary Public in ami fur said CO\lnty nnd Sl~te, personally ill1pea.Ted nr3.clley [). Ch~Ulbcrs,lhesolcmem.berorrrovide"ceCOIT1mercial Partners, LLC, an Indiana litniled Ii:\bility cOll1p:my, who nc:lcnowledgec1 the execution of lhe roresoing instrument fDr and on h13hal far !lAid limited llnbilily con11,any, a.nd who, having been duly swom, staLccJ that any rcprest.:nl,nions therein COlll:1ined llre u\le. Commi5sion Expires: County of Residence: This i1l$lrument prell.Qrel\ by Timothy E. Oohs, len MILLER DONADIO &. RYAN, One Americall ~ql111rC, nox 82001, Jndianapolis1ltldian:l 46282-0002. ~150H.10 - 44- P.04 DEC-03-2002 10:58 3179741238 P.05 . . , or' Au U8!11td B : , 3JJ 07\13\2001 "") .... ExhibltA Legal Description A part of th8 West Holf of 1n& SOIJtflsast Duarter 01 Section 26. TQ~~sn;p 18 No~tfl. Range J Cast. aescribed 05 follows: A II the f'JOf't lyiM (ost of the Center I ine of U. S. State Rood 31 rrore porticularly de.scri/)fjd as 10 II o"-,s: 8eoin at 0 stane rrarked '1 at tna Sout/'ieoS t corne.r of the West Ho If of the Sou theost CcYller of Sec1 i Of) 26. r owns" i D 18 NcYttll RangEl J f os 't l 'thenco NrYth on the (os t / I no OT sold West Holf 8/6.7 fset to the center of U. S. St01D Road 3/: thence on center of said rood 1016.6 foet to the intersection of th~ South /Ino of soid Southeast Ouorter: thence fast an said South Ilna 589.5 feet to the place of beD inning ALSO Lol 1:) In A.A. Frank(!"s SubdiVision In Hamilton Counly, Indiana, ~s per pial Ihereor, recorded in Oeed 800k , 28, page' 97. In lhe Office of lhlll Recordar or Hamilton Cou"ly, Ind;3f13, ALSO 1"he South h:;l!f of the Southeast Quarter of tho Saulheul Quarter of secllon twenty-sIx (2S) Townsnlp eighfeen (16) north, Range three (3) EasL t ,J I TOTAL P.05