HomeMy WebLinkAbout05.20.24 CC Meeting Paperless Packet1
COMMON COUNCIL
MEETING AGENDA
MONDAY, MAY 20, 2024 – 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
1.CALL TO ORDER
2.AGENDA APPROVAL
3.INVOCATION
4.PLEDGE OF ALLEGIANCE
5.RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS
6.RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL
7.COUNCIL AND MAYORAL COMMENTS/OBSERVATIONS
8.CONSENT AGENDA
a. Approval of Minutes
1. April 15, 2024 Regular Meeting
2.May 2, 2024 Claims Meeting
b.Claims
1. Payroll - $3,723,371.63
2.General Claims - $3,382,577.23
3.Retirement - $110,204.164.Wire Transfers - $11,566,701.74
9.ACTION ON MAYORAL VETOES
10.COMMITTEE REPORTS
a.Finance, Utilities and Rules Committeeb.Land Use and Special Studies Committee
c.All reports designated by the Chair to qualify for placement under this category.
11.OTHER REPORTS – (at the first meeting of the month specified below):
a.Carmel Redevelopment Commission (Monthly)b.Carmel Historic Preservation Commission (Quarterly – January, April, July, October)
c.Audit Committee (Bi-annual – May, October)d. Redevelopment Authority (Bi-annual – April, October)e.Carmel Cable and Telecommunications Commission (Bi-annual – April, October)
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f. Economic Development Commission (Bi-annual – February, August) g. Library Board (Annual – February)
h. Ethics Board (Annual – February)
i. Parks Department (Quarterly – February, May, August, November) j. Climate Action Advisory Committee (Quarterly – March, June, September, December) k. Report from the Carmel Christkindlmarkt, Inc. l. All reports designated by the Chair to qualify for placement under this category.
12. OLD BUSINESS a. Tenth Reading of Ordinance D-2696-23; An Ordinance of the Common Council of the City of Carmel, Indiana, Adding Chapter 8, Article 4, Section 8-44 to the Carmel City
Code; Sponsor(s): Councilor(s) Worrell and Aasen. Remains in the Finance, Utilities and Rules Committee. (Next Meeting 6/11/24) Synopsis: Establishes a speed limit of 20 miles per hour within roundabouts.
b. Third Reading of Ordinance D-2710-24; An Ordinance of the Common Council of the City of Carmel, Indiana, Authorizing the Issuance of Economic Development Tax Increment Revenue Bonds to Support the Gramercy Project, and Authorizing and Approving Other Actions in Respect Thereto; Sponsor: Councilor Aasen. Remains in the
Land Use and Special Studies Committee. (Next Meeting 5/22/24) Synopsis: Ordinance authorizes the issuance of developer TIF bonds by the City of Carmel, Indiana, to finance improvements to support the development of the Gramercy Project.
13. PUBLIC HEARINGS a. First Reading of Ordinance D-2711-24; An Ordinance of the Common Council of the City of Carmel, Indiana, Authorizing and Approving an Additional Appropriation of
Funds from the Operating Balance of the General Fund to the 2024 Economic
Development Department Budget; Sponsor(s): Councilor(s) Aasen and Taylor. Synopsis: Appropriates funds into the 2024 Economic Development Department (1501) budget.
b. First Reading of Ordinance Z-688-24; An Ordinance of the Common Council of the City of Carmel, Indiana Amending the Unified Development Ordinance; Sponsor(s): Councilor(s) Aasen, Snyder, Taylor, Joshi, Minnaar and Worrell.
Synopsis:
This Ordinance amends and replaces Sections 1.30(F), (K), and (L) of the Unified Development Ordinance regarding the procedures for granting of park and recreation fee credits.
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14. NEW BUSINESS
a. Resolution CC-05-20-24-01; A Resolution of the Common Council of the City of
Carmel, Indiana, Approving a Transfer of Funds from the Marketing and Community Relations Department Fund (Fund #1203) into the Economic Development Fund (Fund #1501); Sponsor(s): Councilor(s) Aasen and Taylor.
Synopsis:
Transfers $170,000.00 from the Marketing and Community Relations Department budget into the Economic Development Department budget. b. First Reading of Ordinance D-2713-24; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending Chapter 8, Article 5, Sections 8-47 and 8-48 of the
Carmel City Code; Sponsor(s): Councilor(s) Worrell, Aasen and Locke. Synopsis: Ordinance regulating the parking of motor vehicles on City streets.
15. AGENDA ADD-ON ITEMS 16. OTHER BUSINESS
17. ANNOUNCEMENTS 18. ADJOURNMENT
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COMMON COUNCIL 1
MEETING MINUTES 2
MONDAY, APRIL 15, 2024 – 6:00 P.M. 3
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE 4 5
MEETING CALLED TO ORDER 6 7 Council President Anthony Green; Council Vice-President Adam Aasen; Council Members: Jeff Worrell, 8 Ryan Locke, Rich Taylor, Teresa Ayers, Matthew Snyder, Anita Joshi, Shannon Minnaar and Deputy 9
Clerk Jessica Komp were present. 10
11 Council President Green called the meeting to order at 6:00 p.m. 12 13 AGENDA APPROVAL 14
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The agenda was approved unanimously. 16 17 INVOCATION 18 19
Pastor Tim Ayers of Grace Church delivered the Invocation. 20
21 College Wood Elementary 5th graders Madison and Eric Smartt led the pledge of allegiance. 22 23 RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS 24
25
Police Chief Drake Sterling presented new Carmel Police Officer, Andrew Poucher. Officer Poucher 26 comes to CPD with 15 years of experience in the United States Marine Corps. He was sworn in by Mayor 27 Finkam. 28 29
RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL 30 31 Mark Light spoke to the Council on behalf of Robby Slaughter, who is running for Congress as an 32 Independent. Mr. Light encouraged everyone to look into Mr. Slaughter’s platform, and invited them to 33 sign a petition to get Mr. Slaughter on the ballot. 34
35
Greg Gormong spoke on behalf of the National Association of Letter Carriers. The 2024 Annual Food 36 Drive will take place on Saturday, May 11th. All food collected will support local food banks. The goal 37 for 2024 is to collect 100,000 pounds of food. 38 39
Bruce Shire spoke on behalf of the Hunters Glen Condominiums, as it pertains to the Gramercy 40
Marketplace development. Mr. Shire thanked the members of the Land Use and Special Studies 41 Committee for their efforts to work with the concerned citizens and the developer to come to some 42 mutual understandings. 43 44
COUNCIL AND MAYORAL COMMENTS/OBSERVATIONS 45
46 Councilor Worrell asked Greg Gormong if there was a graphic or some information that he could share 47 with the Council regarding the Letter Carrier’s food drive. 48
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Councilor Locke said hello to James Locke who was watching this meeting from home. 49 50
Councilor Snyder wished Councilor Aasen a happy birthday. 51
52 Council President Anthony Green made a statement expressing the profound sadness felt by all who 53 mourn the passing of Tim Paramore, a cherished member of the Carmel community, and a devoted 54 advocate for the disabled. Tim was a valued member of the Advisory Committee on Disability, and he 55
brought insight and compassion to every discussion. His efforts to promote accessibility and inclusion 56
enriched the lives of countless others. Deepest condolences are extended to Tim’s family, friends and 57 colleagues. 58 59 Madison and Eric Smartt gave the Mayor’s update to Council. The Mayor was pleased to report that as of 60
last week, all new executive hires have been onboarded. The entire leadership team met for two days last 61
week to discuss goals, improving transparency, community engagement, and fiscal responsibility. In 62 terms of fiscal responsibility, The Hotel Carmichael will give its first financial report to Council during 63 this meeting. We are also in the final steps of selecting the City’s purchasing analyst. Approximately 64 11,500 people responded to the community-wide survey. These results will help with the re-branding 65
project. The next meeting of the Carmel Housing Task Force will be on Thursday, April 25th at 7:30 a.m., 66
where single-family housing trends will be discussed. 67 68 CONSENT AGENDA 69 70
Councilor Minnaar moved to approve the consent agenda. Councilor Joshi seconded. There was no 71
discussion. Council President Green called for the vote. The consent agenda was approved 9-0. 72 73
a. Approval of Minutes 74 75 1. March 18, 2024 Regular Meeting 76
2. March 28, 2024 Claims Meeting 77 78 b. Claims 79 80 1. General Claims - $2,397,729.97 81
2. Wire Transfers - $2,581,730.44 82 83 ACTION ON MAYORAL VETOES 84 85 There were none. 86
87 COMMITTEE REPORTS 88 89 Councilor Worrell reported that the Finance, Utilities and Rules Committee met on April 9, 2024 to 90 discuss two items. The first item will be dealt with tonight. The other will be presented at the May 91
Council meeting. 92 93 Councilor Snyder reported that the Land Use and Special Studies Committee met on March 20th to begin 94 to discuss the Gramercy project. The next meeting will be on April 17th, in which the Gramercy 95 discussion will continue. Additionally, Article 1 of the Unified Development Ordinance will be 96
discussed. The next meeting will be on Wednesday, April 17th at the Carmel Clay Public Library at 5:30 97 p.m. 98
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OTHER REPORTS – (at the first meeting of the month specified below): 99 100
Henry Mestetsky, Director of the Carmel Redevelopment Commission, introduced the representatives 101
from Pedcor to give a special report on the performance metrics of the Hotel Carmichael. Bruce 102 Cordingley, President of Pedcor Companies and Laurie Siler, Sr. Vice President of Pedcor Companies, 103 presented the financial update to Council. Mr. Cordingley spoke of the initial desire to build an iconic 104 hotel, something that would make business people who are coming to the area for a day or two want to 105
stay in Carmel, rather than at a hotel in Indianapolis. This has happened and then some. The Hotel 106
Carmichael is drawing in guests from all over the country, and all around the world. Many guests come 107 back year after year, and refer other guests here. The first year of the Hotel was 2020, and the Carmichael 108 took advantage of the fact that weddings could not be held in Marion County, but they could in Hamilton 109 County. Weddings continue to be very popular at the Carmichael. $500,000 per year is set up in a 110
replacement reserve, which is used by the hotel to invest back into the property, so that it will always 111
maintain its level of quality. Pedcor chose an adjustable rate mortgage over a fixed rate mortgage, and 112 stands by that decision. The decision was made to have 122 hotel rooms, the minimum number to still be 113 efficient. The building under construction right next to the hotel, the Wren, will be attached to the hotel. 114 There is the opportunity to use 33 apartments in the Wren as suites for the hotel. Pedcor will not come to 115
Council to ask for any funding to make that happen. 116
117 Laurie Siler next shared occupancy statistics. The Original Proforma dated October 2017 estimated that 118 the hotel occupancy would ramp to a “stabilized” occupancy of 77% in 4 years. Although the Carmichael 119 opened its doors in July 2020 during the global pandemic, occupancy outpaced the original proforma 120
within the first three years. Total revenue and expenses have increased, but so has net operating income. 121
2024 net operating income is projected to be $3.5 million. Interest due on the mortgages is variable rate 122 at 1 Month SOFR + 225 basis points. Current mortgages mature as of April 2026. For 2021, interest 123 totaling $279,294 was paid through the construction interest reserve. Principal payments commenced in 124 May 2022. In 2021, the low debt payments allowed for the build up of surplus cash. This surplus has 125
allowed for the absorption of higher interest rates, inflation on costs of goods, and other market factors, 126
within the normal operations of the hotel. The hotel has received many accolades, including nominations 127 for Travel + Leisure’s Worlds Best Hotel and Conde Nast. The Carmichael was the top sales leader of all 128 307 Marriott Autograph hotels and was #2 in Event Satisfaction Surveys, in 2023. When questioned 129 about the timing of the City’s exit strategy, Mr. Cordingley responded that Pedcor is open to the City’s 130
interest in buying out its investment, but this is likely not the most advantageous time to make that 131
happen. 132 133 The Carmel Historic Preservation Commission’s report was given by Mark Dollase. Mark shared that 134 two positions on the commission were filled by Emily Erghott and Barry Simich. Jess Lawhead is the 135
new chair. The CHPC’s last meeting was recorded, as will be all upcoming meetings, and those are 136
available to view on the city’s website. The CHPC’s survey of historic sites has shifted to the ArcGIS 137 platform. This will be available to all city staff, which will help with the permitting process. The 138 commission has approved the creation of a new program to assist Carmel property owners to pursue 139 listing their property on the national register of historic places. There is currently an applicant for a 140
historic property designation within Carmel. If this property is eligible, the commission will customize a 141
preservation plan and that will be brought to Council for approval later this year. This process typically 142 takes about six months. The commission is currently in the spring phase of the façade grant program for 143 eligible properties. Those applications are due May 1st, and will be reviewed at the May 16th CHPC 144 meeting, which begins at 6:00 p.m. 145
146 147 148
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OLD BUSINESS 149 150
Council President Green announced the ninth reading of Ordinance D-2696-23; An Ordinance of the 151
Common Council of the City of Carmel, Indiana, Adding Chapter 8, Article 4, Section 8-44 to the 152 Carmel City Code; Sponsor(s): Councilor(s) Worrell and Aasen. This remains in the Finance, Utilities 153 and Rules Committee. (Next Meeting 6/11/24) 154 155
Council President Green announced the second reading of Ordinance D-2710-24; An Ordinance of the 156
Common Council of the City of Carmel, Indiana, Authorizing the Issuance of Economic Development 157 Tax Increment Revenue Bonds to Support the Gramercy Project, and Authorizing and Approving Other 158 Actions in Respect Thereto; Sponsor: Councilor Aasen. This item remains in the Land Use and Special 159 Studies Committe. (Next Meeting 4/17/24) 160
161
Council President Green announced the second reading of Ordinance D-2709-24; An Ordinance of the 162 Common Council of the City of Carmel, Indiana, Authorizing the Refunding of Prior Waterworks 163 Revenue Bonds of the City of Carmel, Indiana, Authorizing the Issuance of the City of Carmel, Indiana 164 Taxable Waterworks Refunding Revenue Bonds, Series 2024A, and the City of Carmel, Indiana Tax-165
Exempt Waterworks Revenue and Refunding Revenue Bonds, Series 2024 B, to provide funds for the 166
payment of costs thereof, and addressing other matters connected therewith; Sponsor: Councilor Green. 167 This item returns from the Finance, Utilities and Rules Committee with a favorable recommendation as it 168 was presented previously. John Duffy, Utilities Director, shared that after the Finance Committee’s 169 meeting, there was a discussion with the underwriters regarding the possible extension of the maturity 170
date of the tax-exempt bonds another five years, from 2049 to 2054, as this would show substantial 171
savings to the city. Mr. Duffy requested an amendment to the ordinance reflecting this new maturity date. 172 Councilor Aasen made a motion to amend line 182 of the ordinance, changing the maturity date from 173 May 1, 2049 to May 1, 2054. Councilor Minnaar seconded. There was no discussion. Council President 174 Green called for the vote. Motion to amend approved 9-0. Councilor Aasen made a motion to approve. 175
Councilor Minnaar seconded. There was no discussion. Council President Green called for the vote. 176 Ordinance D-2709-24 approved as amended 9-0. 177 178 PUBLIC HEARINGS 179 180
There were none. 181
182 NEW BUSINESS 183 184 Council President Green announced Resolution CC-04-15-24-01; A Resolution of the Common Council 185
of the City of Carmel, Indiana, in Support of the Union and Monon Square South Project; Sponsor: 186
Councilor Aasen. Councilor Aasen moved to introduce. Councilor Joshi seconded. Councilor Aasen 187 presented the item to Council. Henry Mestetsky shared the conceptual overview for the Carmel 188 Union/Monon Square South development. The purpose of building the Carmel Union will be to create an 189 indoor civic space that anchors our central core, “a student union for the city”. This would not only extend 190
winter and bad weather activity in the central core, but also compliment the Christkindlmarkt. The Union 191
would offer food vendors, event space and conference space. The Union will cater to families and people 192 of all ages, creating a place people want to spend time, whether they are hungry or not. The components of 193 the Monon Square South Project encompass the food hall, an office component, and Pedcor multifamily 194 and district parking garage. Early estimates of funding sources include possible grants from IEDC and 195
Hamilton County Tourism, construction loans, and TIF bond proceeds. This resolution encourages 196
requesting outside funding sources for this project, and if such sources are successfully secured, to commit 197 to fully evaluate and consider issuance of City Funding Sources. Councilor Worrell made a motion to 198
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approve the resolution. Councilor Aasen seconded. There was no discussion. Council President Green 199 called for the vote. Resolution CC-04-15-24-01 approved 9-0. 200
201 AGENDA ADD-ON ITEMS 202 203 Councilor Aasen made a motion to add Ordinance D-2712-24 to the agenda, An Ordinance of the 204 Common Council of the City of Carmel, Indiana, Amending Ordinance No. D-2689-23; Sponsor: 205
Councilor Green. Councilor Snyder seconded. There was no discussion. Council President Green called 206
for the vote. Motion to add ordinance to the agenda approved 9-0. Councilor Aasen moved to introduce. 207 Councilor Minnaar seconded. Councilor Green presented the item to Council. John Duffy explained the 208 need for a higher interest rate on the Bond Anticipation Notes than originally authorized and for the 209 extension of the maturity date of the BANs from May 1, 2024 to July 31, 2024. Scott Miller of Baker 210
Tilly explained that he does not think it will take until July 31st, but in the interest of not having to ask for 211
more time again, they have set that date. This extension will cost between $13,500 and $18,500, but it 212 could save the city $30 million in long-term financing. Councilor Aasen made a motion to suspend the 213 rules and act this evening. Councilor Worrell seconded. There was no discussion. Council President 214 Green called for the vote. Motion to suspend the rules approved 9-0. Councilor Aasen made a motion to 215
approve. Councilor Joshi seconded. There was no discussion. Council President Green called for the 216
vote. Ordinance D-2712-24 approved 9-0. 217 218 OTHER BUSINESS 219 220
Council President Green presented the agenda item Legal Services Agreement – Kroger Gardis & 221 Regas, LLP. This is a contract to hire outside counsel to help with the researching and revising of the 222 Unified Development Ordinance. This contract is limited to $45,000, which is already in the City 223 Council’s budget to be used for this purpose. The scope of work will only include the researching and 224 revising of the UDO. Councilor Joshi moved to approve. Councilor Aasen seconded. There was no 225
discussion. Councilor Green called for the vote. Legal Services Agreement – Kroger Gardis & Regas, 226 LLP approved 8-1. Councilor Worrell dissented. 227 228 ANNOUNCEMENTS 229 There were none. 230
231 ADJOURNMENT 232 233 Council President Green adjourned the meeting at 8:28 p.m. 234 235
Respectfully Submitted, 236
237 _______________________________ 238 Jacob Quinn, Clerk 239 240
241
Approved, 242 243 _______________________________ 244 ATTEST: Anthony Green, Council President 245
246
_______________________________ 247 Jacob Quinn, Clerk 248
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1
COMMON COUNCIL 2
SPECIAL MEETING MINUTES 3
THURSDAY, MAY 2, 2024 – 8:00 A.M. 4
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE 5
6 MEETING CALLED TO ORDER 7 8
Council President Tony Green, Councilors Jeff Worrell, Ryan Locke, Rich Taylor, Teresa Ayers, 9 Matthew Snyder, Anita Joshi and Deputy Clerk Jessica Komp were present. 10 11 Councilors Adam Aasen and Shannon Minnaar were not present. 12 13
Council President Green called the meeting to order at 8:00 a.m. 14 15 CLAIMS 16 17 Councilor Joshi moved to approve claims. Councilor Ayers seconded. There was no Council discussion. 18
Council President Green called for the vote. Claims were approved 7-0. 19 20 1. Payroll $3,648,173.53 (3/22/24 Payroll) and $3,665,406.43 (4/5/24 Payroll) 21
2. General Claims $4,129,353.55 and $18,731.02 (Purchase Card) 22
3. Retirement $110,204.16 23
24
25 ADJOURNMENT 26 27 Council President Green adjourned the meeting at 8:01 a.m. 28 29
Respectfully submitted, 30 31 32 ____________________________________ 33 Jacob Quinn, Clerk 34
35
Approved, 36 37 38 ____________________________________39
Anthony Green, Council President 40 ATTEST: 41 42 43
44
________________________________ 45 Jacob Quinn, Clerk 46
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 1
CITY COUNCIL MAY 2024 REPORT
REPORTING ON MARCH 2024 FINANCES
APRIL 2024 ACTIVITIES
STRATEGIC HIGHLIGHTS
• Construction progressing on the following projects:
o Me lange
o The Signature
o First on Main
o Magnolia
o The Muse (The Corner)
o The Wren
o The Windsor
o Republic Airways (Hamilton Crossing)
o Proscenium II
o North End
o The LOR/1933 Lounge Project
o Lexington & Main Roundabout Art
FINANCIAL SNAPSHOT
March Beginning Balance $ 6,811,433.38
March Revenues $ 145,777.53
March Transfers $ (61,136.00)
March Expenditures $ 101,592.33
March ending Balance Without Reserve Funds $ 6,794,482.58
Supplemental Reserve Fund
$ 4,277,846
City Center Bond Reserve $ 404,390
Midtown Bond Reserve $ 815,381
Midtown West Bond Reserve $ 592,442
Urban Parks Fund $ 1,704,205
March Balance With Reserve Funds $ 14,588,746
FINANCIAL STATEMENT
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Financial Statement
MARCH MONTH-END FINANCIAL BALANCE
Ending Balance without
Restricted Funds
$ 6,794,482
Ending Balance with
Restricted Funds
$ 14,588,746
SUMMARY OF CASH
For the Month Ending March 2024
DESCRIPTION ACTUAL
MONTHLY
PROJECTION VARIANCE
Cash Balance 3/1/24
1101 Cash $ 5,937,914.34 $ 5,937,914.34 -
1110 TIF $ 873,519.04 $ 873,519.04 -
Total Cash $ 6,811,433.38 $ 6,811,433.38 -
Receipts
1101 Cash $ 145,777.53 $ 68,962.38 $ 76,815.15
1110 TIF $ - $ 869,325.01 $ (869,325.01)
Developer Payments $ - $ - $ -
Transfers to Reserves (TIF) $ - $ - $ -
Transfers to Reserves (non-TIF) $ (61,136.00) $ - $ (61,136.00)
Transfer to SRF $ - $ - $ -
Total Receipts $ 84,641.53 $ 938,287.39 $ (853,645.86)
Disbursements
1101 Cash $ 101,592.33 $ 154,291.76 $ 52,699.43
1110 TIF $ - $ - $ -
Total Disbursements $ 101,592.33 $ 154,291.76 $ 52,699.43
1101 Cash $ 5,920,963.54 $ 5,852,584.96 $ 68,378.58
1110 TIF $ 873,519.04 $ 1,742,844.05 $ (869,325.01)
Cash Balance 3/31/24 $ 6,794,482.58 $ 7,595,429.01 $ (800,946.43)
Total Usable Funds $ 6,794,482.58 $ 7,595,429.01 $ (800,946.43)
($2,000,000.00)
$0.00
$2,000,000.00
$4,000,000.00
$6,000,000.00
$8,000,000.00
MARCH
MONTH END BALANCE
Actual Budget Variance
FINANCIAL STATEMENT
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FUND BALANCES AND OUTSTANDING RECEIVABLES
As of month-end March 2024
RESTRICTED FUNDS
Supplemental Reserve Fund $ 4,277,846
City Center Bond Reserve $ 404,390
Midtown Bond Reserve $ 815,381
Midtown West Bond Reserve $ 592,442
Urban Parks Fund $ 1,704,205
Sub-total: $ 7,794,263
UNRESTRICTED FUNDS
TIF $ 873,519
Non TIF $ 5,920,964
Sub-total: $ 6,794,483
Total Funds $ 14,588,746
OUTSTANDING RECEIVABLES
N/A $ -
TOTAL OUTSTANDING RECEIVABLES $ -
STATEMENT OF CHANGES IN EQUITY
MONTH END: MARCH 2023
DESCRIPTION REVENUE EXPENSES
Total Receipts (TIF) -
Total Receipts (Non-TIF) $ 84,641.53
Expenditures (TIF) -
Expenditures (Non-TIF) $ 101,592.33
FINANCIAL UPDATE
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Financial Update
TIF REVENUE AND DEBT
Estimated 2024 TIF revenue and PIATT payments available for CRC use is $33,636,213.
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
20
1
8
20
1
9
20
2
0
20
2
1
20
2
2
20
2
3
TIF Revenue
Debt Service
DEBT PAYMENTS
Month Payment
June 2024 $16,550,975
December 2024 $16,549,798
PROJECT UPDATES
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Project Updates
CITY CENTER
Developer Partner: Pedcor Companies
Allocation Area: City Center
Use: Mixed-Use
Project Summary: Mixed Use development, multiple buildings
Figure 1 City Center Master Plan, provided by Pedcor City Center Development Company
PROJECT UPDATES
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1) Project Status – (changes noted below.)
CRC Contract Amounts:
City Center Bond: $ 16,214,875.00
2016 TIF Bond: $ 2,598,314.00 (5th Floor of Park East garage)
Site Construction Contract Amounts: $1,442,962 – Smock Fansler, contractor - Complete
Veterans Way Extension Project Amounts: $3,403,000 – Hagerman, contractor – Complete
Parcel 73 Site work: $149,600 – Smock Fansler, contractor
PROJECT USE PROJECT
DATES
DESIGN RENDERINGS PROVIDED BY PEDCOR
Veterans
Way
Garage
A five-story parking
structure with 735
parking spaces
Open to the public on
9/22/17
Completed
in
May 2017
Contract
Amt.
$13,954,68
3
Baldwin/
Chambers
A four-story building,
of approximately
64,000 square feet,
which will include
luxury apartments and
commercial retail/
office space.
Approx. 26
Apartments
Hagerman is the
contractor.
Completed
in June
2018
Pedcor
Office 5
A two-story building,
of approximately
20,000 square feet,
which will include
office space.
Start: Fall
2015
Completed
Q4 2017
Tenants have moved into the new building
PROJECT UPDATES
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Kent A three-story building,
of approximately
111,000 square feet of
luxury apartments.
Site drawings were
approved by the CRC
Architectural
Committee.
Start:
Summer
2018
Complete:
June 2021
Site Construction – Start: Spring 2018
Site Work Awarded – Spring 2018
Building Construction – Start: Summer 2018
Building Complete June 2021
- Pool and Site work is still under construction
Hamilton
(Park East
commerci
al/reside
ntial
buildings
Hamilton East: 5
ground floor
residential two-story
townhomes; 7,954 SF
of ground floor
commercial space
Hamilton West: 13,992
SF of ground floor
commercial space
Start:
Summer
2018
Hamilton East - Construction commenced: Summer 2018,
completed Summer 2019
Hamilton West – Construction commenced: Summer 2020, currently under construction
Playfair
and
Holland
A five-story building,
of approximately
178,000 square feet,
which will include 112
luxury apartments and
commercial
retail/office space.
Start:
September
2019
Complete:
Spring
2022
Approx.
112
Apartment
s
Windsor A four-story building,
of approximately
64,000 square feet.
Start:
Summer
2022
Complete:
May/June
2024
April 2024
PROJECT UPDATES
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Wren A six-story building of
approximately
157,000 square feet,
which will include
luxury apartments and
commercial
office/retail space.
Start:
Summer
2020
Complete:
June 2024
Currently under construction
Note: All completion dates indicated above are per the Completion Guaranties executed between the CRC and Pedcor.
Should Pedcor miss these dates they are obligated to cover the debt obligations.
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
3) CRC Commitments
An overview of commitments has been uploaded to the CRC website.
Most significantly, the CRC committed to publicly bid a four-story parking garage with not less than
620 parking spaces which has been completed and is available for public use. The CRC also
commits to coordinate any significant site plan changes requested by Pedcor with City Council.
April 2024
PROJECT UPDATES
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PROSCENIUM
1) Developer Partner(s): Novo Development
Group
2) Economic Development Area: 126th Street
3) Project Summary: Mixed-use development,
multiple buildings.
1) 197 Apartments; 22 for-sale condos
2) Approx. 140,000 SF of office and retail
space
3) Approx. 450 parking spaces (public and
private)
Total project budget: $60,000,000
4) Anticipated Project Schedule
Design Start 2016
Construction Start 2018
Construction Complete 2022
Tavern Construction Start Estimated Fall 2023
Tavern Construction Complete Estimated
5) Construction Milestones: Construction is complete. Construction of the Tavern estimated to begin fall
2023.
6) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
7) CRC Commitments
No commitments by the CRC have been made.
The City will be relocating and burying Duke Energy’s transmission line and completing road
improvements adjacent to the development.
September 2022
September 2022
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 10
MELANGE
1)Developer Partner(s): Onyx + East
2)Economic Development Area: Firehouse
3)Project Summary: 45 for-sale townhomes
and approximately 12 for-sale flats
4)Total project budget: $30,000,000
5)Anticipated Project Schedule
Construction Start May 2021
Complete Estimated
December 2023
6)Construction Milestones: Construction is underway.
7)CRC Commitments
CRC contributed land to the development of this project, relocated the CFD generator, and is funding
infrastructure, road work, and utility relocations with TIF.
8)Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Rendering
September 2023 April 2023
Rendering
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 11
CIVIC SQUARE GARAGE
1) CRC Design-Build Project
2)Economic Development Area: Carmel City
Center/Carmel City Center Amendment
3)Project Summary:
- 303-space parking garage
- 255 spaces will be open to the public
- 48 spaces are reserved for owner-occupied condos
that will line the west and north sides of the garage (to
be developed as part of a future CRC project)
4)Total project budget: $9,700,000
5)Anticipated Project Schedule
Construction Start January 2022
Construction End Opened
Summer 2022
6)Construction Milestones: Garage is now open for
public use.
7)CRC Commitments
The CRC will be involved with development and construction of the parking garage
8)Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
September 2022 Rendering
March 2023
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 12
FIRST ON MAIN
1)Developer Partner(s): Lauth Group, Inc.
2)Economic Development Area: Lot One
3)Project Summary:
- 310-space public parking garage
- Four-story, 73,000 SF Class-A office building with first floor restaurant space and a private rooftop terrace
- 8 condominiums
- 35 apartments
- Community gathering plaza featuring the City’s Rotary Clock
4)Total project budget: $35,000,000
5)Anticipated Project Schedule
Construction Start Fall 2021
Construction End Estimated
November 2023
6)Construction Milestones: Construction is underway.
7)CRC Commitments
CRC contributed the land for this development. Future commercial taxes from the project (TIF) are being
used to fund infrastructure improvements that may include the garage, utility relocations, and roadway
improvements.
8)Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Rendering January 2024 March 2024
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 13
THE SIGNATURE
1)Developer Partner(s): Tegethoff Development and Great Lakes Capital
2)Economic Development Area: Main and Old Meridian
3)Project Summary:
- 8 owner-occupied flats/condos
- 295 luxury apartments
- 15k sf of office/retail
- 374 structured parking spaces
- Dedication of land for future street
4)Total project budget: $78,000,000
5)Anticipated Project Schedule
Construction Start November 2021
Construction End Estimated December 2023 w/ retail buildouts ongoing through
Spring 2024
6)Construction Milestones: Construction is underway.
7)CRC Commitments:
Future commercial taxes from the project (TIF) are being used to fund infrastructure improvements that
may include the garage, utility relocations, and roadway improvements.
8)Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Rendering April 2024
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 14
MAGNOLIA
1)Developer Partner(s): Old Town Companies
2)Economic Development Area: Magnolia
3)Project Summary: Multi-phase development that will include six condominium buildings with five units
per building, for a total of 30 for-sale condos, and future multi-family residential on the corner of City
Center Drive and Rangeline Road.
4)Total project budget:
5)Anticipated Project Schedule
Construction Start April 2022 (Building 1)
Construction End Estimated 2025 (Buildings 4-6)
6)Construction Milestones: Construction is underway.
7)CRC Commitments: CRC contributed the land for the development of this project.
8)Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Rendering
September 2023
April 2024
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 15
THE MUSE
1)Developer Partner(s): Kite Reality Group
2)Economic Development Area: The Corner
3)Project Summary: mixed-use project consisting of 278 apartments, 25,000 square feet of office/retail
space, and a free 364-space public parking garage
4)Total project budget: $69,000,000
5)Anticipated Project Schedule
Construction Start Late 2021
Construction End
Bldg A/Garage: Estimated December 2023
Bldg B: Estimated April 2024
6)Construction Milestones: Construction is underway.
7)CRC Commitments
Future commercial taxes from the project (TIF) are being used to construct the public parking garage,
utility relocations, and streetscape improvements.
8)Council and/or CRC Action Items
Rendering April 2024
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 16
HAMILTON CROSSING
1)Developer Partner(s): Kite Reality Group and Pure Development, Inc.
2)Economic Development Area: Amended 126th Street
3)Project Summary: New home of Republic Airways. 105,000 square-foot training facility with 20
classrooms, 94 workstations, two cabin trainers, and eight flight simulators. The hotel adjacent to the
training center will be expanded to 274 rooms. 1,900 jobs brought/created with Republic alone.
4)Total project budget: $200,000,000 investment for Phase 1 and II
5)Anticipated Project Schedule
Construction Start HQ/Corporate Housing: Winter 2021 (Complete)
Garage: Winter 2022
Construction End HQ/Corporate Housing: Completed
Garage: Estimated April 2024
6)Construction Milestones: Construction is underway. Training Center is open.
7)CRC Commitments
Future commercial taxes from the project (TIF) are being used to fund infrastructure improvements that
may include the garage, utility relocations, and roadway improvements.
8)Council and/or CRC Action Items
Rendering
Rendering
March 2024
2024 2024
PROJECT UPDATES
May 10, 2024 CRC Report for June 3, 2024, City Council Meeting P a g e | 17
PROSCENIUM II
1) Developer Partner(s): Novo Development Group
2) Economic Development Area: Amended 126th Street
3) Project Summary: Mixed-use development
i. 120 parking spaces
ii. 48 Apartments; 7 for-sale condos
iii. Approx. 15,000 SF of office and retail space
iv. Approx. Total project budget: $18,000,000
4) Anticipated Project Schedule
Design Start 2021
Construction Start 2022
Construction Complete Estimated August 2024
5) Construction Milestones: Construction is underway.
6) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
7) CRC Commitments
No commitments by the CRC have been made.
Respectfully submitted,
Henry Mestetsky
Executive Director
Carmel Redevelopment Commission/Department
May 10, 2024
Prepared for City Council and the Redevelopment Commission
-End Report-
Rendering April 2024
ANNUAL REPORT
2023 CARMEL CHRISTKINDLMARKT
OUR MISSION AND VISION
OUR MISSION
To engage and educate the
community in German culture
and Christmas traditions
through an authentic, magical
holiday experience.
OUR VISION
To become the most authentic
Christkindlmarkt outside of
Germany, attracting visitors
from around the world.
OUR MISSION AND VISION
OUR IMPACTOUR IMPACT
OUR ECONOMIC IMPACT
*Data provided by Placer.ai as of January 24, 2024,
in partnership with Hamilton County Tourism.
OUR COMMUNITY IMPACT
Measuring the contributions that the Carmel Christkindlmarkt makes to the Hamilton County economy.
*Data provided by Indiana Business Research Center, Kelley School of Business, Indiana University.
OUR DIGITAL FOOTPRINT
*Follower count is approximate as of April 2024.
MARKET STATISTICS
MARKET STATISTICS
MARKET STATISTICS
OUR ACHIEVEMENTS
EXPANSION OF THE KINDERPLATZ
UNVEILED OUR SPIELHAUS
NEW WERKSTATT HUT
TWICE THE NUMBER OF ARTISANS
200+ HOURS OF CRAFTING IN THE KINDERECKE
On-Site Improvements
ON-SITE IMPROVEMENTS
ADDED A FIRST AID HUT
NEW RECYCLING PROGRAM
NEW DÖNER KEBAB & SNOWGLOBES
BARREL STUBEN
MARKETING ACHIEVEMENTS
NATIONAL MEDIA COVERAGE
16% INCREASE IN SOCIAL MEDIA REACH
SOCIAL MEDIA REACH
NEW LOOK & BRANDING, ONLINE & ON-SITE
Programming Achievements
PROGRAMMING ACHIEVEMENTS
61 ENTERTAINERS PERFORMED
216 HOURS OF STAGE TIME
INAUGURAL SANKT MARTINSTAG
& CHRISTKIND CHORAL FESTIVAL
GLÜHWEIN GALLOP
68% INCREASE IN PARTICIPANTS
PARTNERSHIPS & COMMUNITY
TWO SCHOLARSHIP PROGRAMS
16 CASH SPONSORS, 26 IN-KIND SPONSORS
EXPANDED VIP DAY EXPERIENCE
SOLD OUT PRIVATE RENTALS FOR 2024
SISTER CITY PARTNERSHIP ESTABLISHED
2023 SPONSORS
AND THANK YOU TO ALL THE OTHER SPONSORS FOR THE 2023 MARKET.
Additionally, none of what we do at the Carmel
Christkindlmarkt is possible without the tremendous work
and cooperation of a wide network of community
supporters, including:
●Carmel Mayor’s Office
●Carmel Street Department
●Carmel Utilities
●Carmel Information and Communication Systems
Department
●Carmel Parks Department
●Carmel Department of Engineering
●Carmel Fire Department
●Carmel Police Department
●Carmel Board of Public Works
●On-site security, on-site medics/first aid staff
●Our numerous neighbors at Carter Green
●And to our many volunteers, vendors, and supporters
of all kinds
BOARD OF DIRECTORS
2024 BOARD OF DIRECTORS
●Susan McDermott - Board Chair
Serving since 2024
●Brenda Myers - Board Member
Serving since 2024
●Sven Schumacher - Board Member
Serving since 2019
Thank you to our outgoing 2023 board
members, Dan McFeely (president,
2017-2023) and Karen Poyser (vice
president, 2017-2023).
LEADERSHIP TEAM
●Maria Adele Rosenfeld, President
and CEO
●Hannah Kiefer, Vice President of
Communications
●Julia Davis, Vice President of
Internal Operations
●Michael Nahmias, Vice President
of Operations
●Sandra Richardson, Vice
President of Cultural Programs
OUR FINANCIALS
Looking to the Future
LOOKING TO THE FUTURE
CONTINUE TO BUILD OUR REPUTATION
BECOME MORE PHILANTHROPIC
FURTHER EXPAND VIP DAY
CONTINUE TO FOSTER RELATIONSHIPS OVERSEAS
IMPROVE & EXPAND THE MARKET FOOTPRINT
WAYS TO GET INVOLVED
• Sponsorship
• Private Rentals
• Become a Vendor
• Volunteer
• Employment
• Become an Entertainer
• Follow us on social media
• Sponsorship
• Private Rentals
• Become a Vendor
• Volunteer
• Employment
• Become an Entertainer
• Follow us on social media
• Sponsorship
• Private Rentals
• Become a Vendor
• Volunteer
• Employment
• Become an Entertainer
• Follow us on social media
• Sponsorship
• Private Rentals
• Become a Vendor
• Volunteer
• Employment
• Become an Entertainer
• Follow us on social media
Q&A
Q&A
SPONSOR(s): Councilors Aasen, Hannon,
Rider and Worrell
This Ordinance was prepared by Jon Oberlander, Corporation Counsel, on 11/1/2023 at 4:25 p.m. No subsequent revision to this
Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
ORDINANCE NO. D-2696-23 1
2
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, 3
ADDING CHAPTER 8, ARTICLE 4, SECTION 8-44 TO THE CARMEL CITY CODE 4
5
Synopsis: Establishes a speed limit of 20 miles per hour within roundabouts. 6
7
WHEREAS, the City of Carmel, Indiana, has the authority to establish motor vehicle speed limits 8
pursuant to Indiana Code § 9-21-5-6 and City Code Section 8-15; and 9
10
WHEREAS, for the safety of the travelling public, the Common Council now finds it necessary to 11
establish a speed limit of twenty (20) miles per hour within City roundabouts. 12
13
NOW, THEREFORE, BE IT ORDAINED, by the Common Council of the City of Carmel, 14
Indiana, as follows: 15
16
Section 1. The foregoing Recitals are fully incorporated herein by this reference. 17
18
Section 2. Carmel City Code Chapter 8, Article 4, Section 8-44 is hereby added to the Carmel City 19
Code to read as follows: 20
21
Ҥ 8-44 Twenty m.p.h. Speed Limit Within Roundabouts. 22
23
No person shall drive a motor vehicle in excess of twenty (20) miles per hour within a 24
roundabout.” 25
26
Section 3. The Carmel Street Department is directed to promptly add the appropriate signage to 27
fulfill the mandates contained in this Ordinance upon its passage. 28
29
Section 4. All prior ordinances or parts thereof inconsistent with any provision of this Ordinance 30
are hereby repealed, to the extent of such inconsistency only, as of the effective date of this Ordinance. 31
However, the repeal or amendment by this Ordinance of any other ordinance does not affect any rights or 32
liabilities accrued, penalties incurred or proceedings begun prior to the effective date of this Ordinance. 33
Those rights, liabilities and proceedings are continued and penalties shall be imposed and enforced under 34
such repealed or amended ordinance as if this Ordinance had not been adopted. 35
36
Section 5. If any portion of this Ordinance is for any reason declared to be unconstitutional or 37
invalid, such decision shall not affect the validity of the remaining portions of this Ordinance so long as 38
enforcement of same can be given the same effect. 39
40
Section 6. This Ordinance shall be in full force and effect from and after the date of its passage, 41
execution by the Mayor, and publication as required by law. 42
43
44
45
Ordinance D-2696-23 46
Page One of Two 47
48
SPONSOR(s): Councilors Aasen, Hannon,
Rider and Worrell
PASSED, by the Common Council of the City of Carmel, Indiana, this ____ day of ________, 2024,49
by a vote of _____ ayes and _____ nays. 50
51
COMMON COUNCIL FOR THE CITY OF CARMEL 52
53
54
55
56
57
58
59
60
61
62
63
64
Adam Aasen
____________________________________ Teresa Ayers
____________________________________
Ryan Locke
___________________________________ Rich Taylor65
66
67
68
69
70
71
72
___________________________________ Anthony Green
___________________________________ Jeff Worrell
___________________________________
Shannon Minnaar
___________________________________ Matthew Taylor
___________________________________ Anita Joshi
ATTEST:
__________________________________ Jacob Quinn, Clerk73
74
75 Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of
_________________________ 2024, at _______ __.M.76
77
78 ____________________________________ Jacob Quinn, Clerk79
80
81 Approved by me, Mayor of the City of Carmel, Indiana, this _____ day
of ________________________ 2024, at _______ __.M.82
83
84 ____________________________________ Sue Finkam, Mayor85
86
87
88
89
90
91
ATTEST:
___________________________________ Jacob Quinn, Clerk
Ordinance D-2696-23
Page Two of Two
This Ordinance was prepared by Jon Oberlander, Corporation Counsel, on 11/1/2023 at 4:25 p.m. No subsequent revision to this
Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
92
93
Sponsor: Councilor Aasen 1
ORDINANCE D-2710-24 2
AN ORDINANCE OF THE COMMON COUNCIL OF THE 3
CITY OF CARMEL, INDIANA, AUTHORIZING THE 4 ISSUANCE OF ECONOMIC DEVELOPMENT TAX 5 INCREMENT REVENUE BONDS TO SUPPORT THE 6 GRAMERCY PROJECT, AND AUTHORIZING AND 7
APPROVING OTHER ACTIONS IN RESPECT THERETO 8
Synopsis: 9
Ordinance authorizes the issuance of developer TIF bonds by the City of Carmel, 10 Indiana, to finance improvements to support the development of the Gramercy Project. 11
WHEREAS, the City of Carmel, Indiana (the “City”), is a municipal corporation and 12
political subdivision of the State of Indiana and by virtue of I.C. 36-7-11.9 and I.C. 36-7-12 13
(collectively, the “Act”), is authorized and empowered to adopt this ordinance (this “Bond 14 Ordinance”) and to carry out its provisions; 15
WHEREAS, Buckingham Properties, LLC or an affiliate thereof (the “Company”), 16 desires to finance the design and construction of certain improvements described in Exhibit A 17
hereto which are, or will be, located in the Gramercy Economic Development Area (collectively, 18
the “Projects”); 19
WHEREAS, the Company has advised the City of Carmel Economic Development 20 Commission (the “Commission”) and the City that it proposes that the City issue its taxable or 21 tax-exempt Economic Development Tax Increment Revenue Bonds, Series 20__ (Gramercy 22
Development Partners, LLC Project)), in one or more series (with such different or additional 23
series designation determined to be necessary or appropriate) in an aggregate amount not to 24 exceed Fifty-Three Million Dollars ($53,000,000) (the “Bonds”), under the Act and provide the 25 proceeds of such Bonds to the Company for the purpose of financing the Projects; 26
WHEREAS, the completion of the Projects results in the diversification of industry, the 27
creation of jobs and the creation of business opportunities in the City; 28
WHEREAS, pursuant to I.C. § 36-7-12-24, the Commission published notice of a public 29 hearing (the “Public Hearing”) on the proposed issuance of the Bonds to finance the Projects; 30
WHEREAS, on the date specified in the notice of the Public Hearing, the Commission 31 held the Public Hearing on the Projects; and 32
WHEREAS, the Commission has performed all actions required of it by the Act 33
preliminary to the adoption of this Bond Ordinance and has approved and forwarded to the 34 Common Council the forms of: (1) a Financing Agreement between the City and the Company 35 (the “Financing Agreement”); (2) a Trust Indenture between the City a trustee to be selected by 36 the Controller of the City (the “Trustee”) (the “Indenture”); (3) the Bonds; and (4) this Bond 37
Ordinance (the Financing Agreement, the Indenture, the Bonds, and this Bond Ordinance, 38
collectively, the “Financing Agreements”); 39
2
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE 40 CITY OF CARMEL, INDIANA, THAT: 41
Section 1. Findings; Public Benefits. The Common Council hereby finds and 42
determines that the Projects involve the acquisition, construction and equipping of an 43 “economic development facility” as that phrase is used in the Act; that the Projects will 44 increase employment opportunities and increase diversification of economic development 45 in the City, will improve and promote the economic stability, development and welfare in 46
the City, will encourage and promote the expansion of industry, trade and commerce in 47
the City and the location of other new industries in the City; that the public benefits to be 48 accomplished by this Bond Ordinance, in tending to overcome insufficient employment 49 opportunities and insufficient diversification of industry, are greater than the cost of 50 public services (as that phrase is used in the Act) which will be required by the Projects; 51
and, therefore, that the financing of the Projects by the issue of the Bonds under the Act: 52
(i) will be of benefit to the health and general welfare of the City; and (ii) complies with 53 the Act. 54
Section 2. Approval of Financing. The proposed financing of the Projects by 55 the issuance of the Bonds under the Act, in the form that such financing was approved by 56
the Commission, is hereby approved. 57
Section 3. Authorization of the Bonds. The issuance of the Bonds, payable 58 solely from revenues and receipts derived from the Financing Agreements, is hereby 59 authorized. 60
Section 4. Terms of the Bonds. (a) The Bonds, in the aggregate principal 61
amount not to exceed Fifty-Three Million Dollars ($53,000,000), shall (i) be executed at 62
or prior to the closing date by the manual or facsimile signatures of the Mayor and the 63 Clerk of the City; (ii) be dated as of the date of their delivery; (iii) for each series of the 64 Bonds, mature on a date not later than twenty-five years after the date of the first draw of 65 principal on such series of the Bonds; (iv) bear interest at such rates as determined with 66
the purchaser thereof (the “Purchaser”) in an amount not to exceed eight percent (8.00%), 67
with such interest payable as provided in the Financing Agreements, and which interest 68 may be taxable or tax-exempt, as determined by the Mayor and the Controller of the City, 69 with the advice of the City’s bond counsel, prior to the issuance of the Bonds; (v) be 70 issuable in such denominations as set forth in the Financing Agreements; (vi) be issuable 71
only in fully registered form; (vii) be subject to registration on the bond register as 72
provided in the Indenture; (viii) be payable in lawful money of the United States of 73 America; (ix) be payable at an office of the Trustee as provided in the Indenture; (x) be 74 subject to optional redemption prior to maturity and subject to redemption as otherwise 75 provided in the Financing Agreements; (xi) be issued in one or more series; and (xii) 76
contain such other terms and provisions as may be provided in the Financing 77
Agreements. 78
(b) The Bonds and the interest thereon do not and shall never constitute an 79 indebtedness of, or a charge against the general credit or taxing power of, the City, but 80 shall be special and limited obligations of the City, payable solely from revenues and 81
other amounts derived from the Financing Agreements. Forms of the Financing 82
Agreements are before this meeting and are by this reference incorporated in this Bond 83
3
Ordinance, and the Clerk of the City is hereby directed, in the name and on behalf of the 84 City, to insert them into the minutes of the Common Council and to keep them on file. 85
Section 5. Sale of the Bonds. The Mayor is hereby authorized and directed, 86
in the name and on behalf of the City, to sell the Bonds to the Purchaser at such prices as 87 are determined on the date of sale and approved by the Mayor of the City. 88
Section 6. Execution and Delivery of Financing Agreements. The Mayor and 89 the Clerk of the City are hereby authorized and directed, in the name and on behalf of the 90
City, to execute or endorse and deliver the Financing Agreement, the Indenture, and the 91
Bonds, submitted to the Common Council, which are hereby approved in all respects. 92
Section 7. Changes in Financing Agreements. The Mayor and the Clerk of 93 the City are hereby authorized, in the name and on behalf of the City, without further 94 approval of the Common Council or the Commission, to approve such changes in the 95
Financing Agreements as may be permitted by Act, such approval to be conclusively 96
evidenced by their execution thereof. 97
Section 8. Reimbursement from Bond Proceeds. The City hereby declares its 98 intent to issue the Bonds for the purpose of financing the Projects, which Bonds will not 99 exceed $53,000,000, and pursuant to Treas. Reg. §1.150-2 and IC 5-1-14-6(c), to 100
reimburse costs of the Projects (including costs of issuing the Bonds) from proceeds of 101
the sale of such Bonds. 102
Section 9. General. The Mayor and any other officer of the City, and each of 103 them, are hereby authorized and directed, in the name and on behalf of the City, to 104 execute or endorse any and all agreements, documents and instruments, perform any and 105
all acts, approve any and all matters, and do any and all other things deemed by them, or 106
either of them, to be necessary or desirable in order to carry out and comply with the 107 intent, conditions and purposes of this Bond Ordinance (including the preambles hereto 108 and the documents mentioned herein), the Projects, the issuance and sale of the Bonds, 109 and the securing of the Bonds under the Financing Agreements, and any such execution, 110
endorsement, performance or doing of other things heretofore effected be, and hereby is, 111
ratified and approved. 112
Section 10. Binding Effect. The provisions of this Bond Ordinance and the 113 Financing Agreements shall constitute a binding contract between the City and the 114 holders of the Bonds, and after issuance of the Bonds this Bond Ordinance shall not be 115
repealed or amended in any respect which would adversely affect the rights of the holders 116
of the Bonds as long as the Bonds or interest thereon remains unpaid. 117
Section 11. Repeal. All ordinances or parts of ordinances in conflict herewith 118 are hereby repealed. 119
Section 12. Effective Date. This Bond Ordinance shall be in full force and 120
effect immediately upon adoption and compliance with I.C. § 36-4-6-14. 121
Section 13. Copies of Financing Agreements on File. Two copies of the 122 Financing Agreements incorporated into this Bond Ordinance were duly filed in the 123 office of the Clerk of the City, and are available for public inspection in accordance with 124 I.C. § 36-1-5-4. 125
4
PASSED by the Common Council of the City of Carmel, this _____ day of _____________, 126 2024, by a vote of ______ ayes and ____ nays. 127
128 COMMON COUNCIL FOR THE CITY OF CARMEL 129 130 131 Anthony Green, President Adam Aasen, Vice-President 132
133
134 Rich Taylor Matthew Snyder 135 136 137
Jeff Worrell Teresa Ayers 138
139 140 Shannon Minnaar Ryan Locke 141 142
143
Anita Joshi 144 145 ATTEST: 146 147
______________________________ 148
Jacob Quinn, Clerk 149 150 Presented by me to the Mayor of the City of Carmel, Indiana this day of 151 2024, at __.M. 152
153
154 Jacob Quinn, Clerk 155 156 Approved by me, Mayor of the City of Carmel, Indiana, this day of 157
2024, at __.M. 158
159 160 161 Sue Finkam, Mayor 162
163
ATTEST: 164 165 166 167
Jacob Quinn, Clerk 168
169 170 Prepared by: Bradley J. Bingham 171
Barnes & Thornburg LLP 172 11 South Meridian Street 173 Indianapolis, IN 46204 174 175
5
EXHIBIT A 176
DESCRIPTION OF THE PROJECTS 177
All or any portion of the design and construction of a mixed use project which includes 178
townhomes, condos, apartments, retail, structured parking, and related road improvements, storm 179 water improvements, utility relocation costs, site development costs, and other infrastructure 180 costs, all to be located along Kinzer Avenue, south of City Center Drive, and at 452, 502, and 181 508 E. Carmel Drive, which will be added to the Gramercy Economic Development Area. 182
DMS 40581668.2 183
SPONSOR(S): Councilors Aasen & Taylor
This Ordinance was prepared by Benjamin Legge, on 4/3/24 at 11:00 a.m. No subsequent revision to this Ordinance has been reviewed by Mr. Legge for legal sufficiency or otherwise.
ORDINANCE NO. D-2711-24 1 2
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, 3 AUTHORIZING AND APPROVING AN ADDITIONAL APPROPRIATION OF FUNDS 4 FROM THE OPERATING BALANCE OF THE GENERAL FUND TO THE 2024 ECONOMIC 5 DEVELOPMENT DEPARTMENT BUDGET 6 7
Synopsis: Appropriates funds into the 2024 Economic Development Department (1501) budget. 8
9 WHEREAS, the sum of One Hundred Sixty Seven Thousand Eight Hundred Thirty Three 10 Dollars ($167,833.00) is needed to pay for expenses within the Economic Development Department; 11 and 12
WHEREAS, the operating balance of the General Fund currently has excess funds in the amount 13
of One Hundred Sixty Seven Thousand Eight Hundred Thirty Three Dollars ($167,833.00) 14 15 NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Carmel, Indiana, 16 that the following additional sum of money is hereby appropriated out of the General Fund Operating 17
Balance and for the purposes specified, subject to applicable laws, as follows: 18
19 $167,833.00 from the GENERAL FUND OPERATING Balances 20 21 To 22
23 Economic Development (#1501) Line item 4121000 – City’s Share of FICA $9,400.00 24 Economic Development (#1501) Line item 4122000 – City’s Share of H-Ins $27,000.00 25 Economic Development (#1501) Line Item 4122100 – Disability Insurance $700.00 26 Economic Development (#1501) Line Item 4122200 – Life Insurance $400.00 27
Economic Development (#1501) Line Item 4124000 – City’s Share of Medicare $2,300.00 28 Economic Development (#1501) Line Item 4230100 – Stationary $200.00 29 Economic Development (#1501) Line Item 4230200 – Office Supplies $1,200.00 30 Economic Development (#1501) Line Item 4340000 – Legal Fees $18,750.00 31 Economic Development (#1501) Line Item 4340400 – Consulting Fees $75,000.00 32
Economic Development (#1501) Line Item 4342100 – Postage $113.00 33 Economic Development (#1501) Line Item 4343002 – External Training $8,700.00 34 Economic Development (#1501) Line Item 4343004 – Travel Per Diem $300.00 35 Economic Development (#1501) Line Item 4343005 – Chamber Luncheons $300.00 36 Economic Development (#1501) Line Item 4344100 Cellular Phone Fees $360.00 37
Economic Development (#1501) Line Item 4347500 – General Insurance $410.00 38 Economic Development (#1501) Line Item 4350900 – Other Contracted Services $15,000.00 39 Economic Development (#1501) Line Item4355300 – Organizational Dues $2,000.00 40 Economic Development (#1501) Line Item 4356001 – Uniforms $200.00 41 Economic Development (#1501) Line Item 4463000 – Furniture and Fixtures $1,000.00 42
Economic Development (#1501) Line Item 4463201 Hardware $3,000.00 43 Economic Development (#1501) Line Item 4463202 – Software $1,500.00 44 45 Ordinance D-2711-24 46 Page One of Two 47
48
SPONSOR(S): Councilors Aasen & Taylor
This Ordinance was prepared by Benjamin Legge, on 4/3/24 at 11:00 a.m. No subsequent revision to this Ordinance has been reviewed by Mr. Legge for legal sufficiency or otherwise.
This Ordinance shall be in full force and effect from and after the date of its passage, execution 49 by the Mayor. 50
51 PASSED by the Common Council of the City of Carmel, Indiana, this day of 52 ________, 2024, by a vote of _____ ayes and _____ nays. 53 54 COMMON COUNCIL FOR THE CITY OF CARMEL 55
56
57 Anthony Green, President Adam Aasen, Vice-President 58 59 60
Rich Taylor Matt Snyder 61
62 _____ 63 Jeff Worrell Teresa Ayers 64 65
______ 66
Shannon Minnaar Ryan Locke 67 68 ______________________________ 69 Anita Joshi 70
71
ATTEST: 72 73 ______________________________ 74 Jacob Quinn, Clerk 75
76
Presented by me to the Mayor of the City of Carmel, Indiana this day of 77 , 2024, at_ __.M. 78 79 80
Jacob Quinn, Clerk 81
82 Approved by me, Mayor of the City of Carmel, Indiana, this day of 83 ________________________ 2024, at _______ __.M. 84 85
86
87 Sue Finkam, Mayor 88 89 ATTEST: 90
91
92 Jacob Quinn, Clerk 93 94 Ordinance D-2711-24 95
Page Two of Two Pages 96
05/10/2024
Ordinance Z-688-24
1
Sponsor(s): Councilors Aasen, Snyder, Taylor, Joshi, Minnaar, Worrell 1
ORDINANCE Z-688-24 2
AN ORDINANCE OF THE COMMON COUNCIL OF THE 3
CITY OF CARMEL, INDIANA AMENDING THE UNIFIED DEVELOPMENT 4
ORDINANCE 5
6
Synopsis: 7
This Ordinance amends and replaces Sections 1.30(F), (K), and (L) of the Unified 8
Development Ordinance regarding the procedures for granting of park and recreation 9
fee credits. 10
11
WHEREAS, the Common Council of the City of Carmel, Indiana (“City”) previously 12
adopted Ordinance Z-644-19 restating and amending an ordinance to establish an impact fee for 13
the purpose of planning and financing park and recreation infrastructure needed to serve new 14
residential development (the “PRIF Ordinance”); and 15
16
WHEREAS, the Common Council desires to amend the text of the PRIF Ordinance 17
pursuant in Ind. Code §36-7-4-602(b) in order to revise the process for the approval of extending 18
credits to developers in lieu of the payment of the Park and Recreation Impact Fee (PRIF) 19
established by the PRIF Ordinance; and 20 21
WHEREAS, pursuant to Common Council Resolution No. CC 01-08-24-01, the City’s 22
Advisory Plan Commission (the “Commission”) received the Common Council’s proposal to 23
consider and provide a recommendation to the Common Council regarding the proposed 24
amendment to the PRIF Ordinance; and 25
26
WHERAS, pursuant to Ind. Code §36-7-4-604 the Commission held a public hearing 27
regarding Docket No. PZ-2024-00034 OA on April 16, 2024, after providing public notice thereof 28
as required by law; and 29
30
WHEREAS, upon completion of the public hearing the Commission voted to make the 31
following recommendation as evidenced by the certification attached hereto as Exhibit A; and 32
33
WHEREAS, the Common Council now desires to adopt the Amendment in the form 34
included in this Ordinance. 35
36
NOW THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE 37
CITY OF CARMEL, INDIANA AS FOLLOWS: 38
39
Section 1. Recitals Incorporated. The foregoing Recitals are incorporated herein by 40
this reference. 41
42
Section 2. Amendment. Section 1.30(F) of the Unified Development Ordinance shall 43
be amended and restated as follows: 44
45
05/10/2024
Ordinance Z-688-24
2
F. Credit in Lieu of Payment; Exemptions: 46
1. Pursuant to IC 36‑7‑4‑1335, any developer (or individual) obligated to pay a fee pursuant 47
to the terms of this PRIF Ordinance may be granted the option of financing, constructing 48
and dedicating Parks and Recreation Infrastructure instead of making all or part of any 49
impact fee payment which may be due, so long as such financing, construction and 50
dedication are accomplished either: 51
a. Pursuant to the Zone Improvement Plan and with the consent and acceptance of 52
the Carmel-Clay Board of Parks and Recreation, or 53
b. With respect to components of infrastructure or other improvements that are not 54
included in the Zone Improvement Plan, after consultation with the Director of 55
Carmel-Clay Parks and Recreation, with the initial approval by the Council, where, 56
if desired, the Council can set a percentage limit, with deviation variance limits, of 57
how much credit is allocated for site improvements, under a request by the Carmel 58
Board of Public Works and Safety and with the and with final consent and 59
acceptance of the Board of Public Works and Safety. 60
2. The developer (or individual) providing the infrastructure or improvement, shall be 61
allowed a credit in an amount equal to the sum of: 62
a. The actual cost of constructing or providing the infrastructure or improvements, 63
plus 64
b. The fair market value of the land, real property interests, and site improvements 65
provided. 66
3. The amount of the credit shall be determined by agreement (the “Credit Agreement”) 67
between the person constructing or providing the infrastructure or improvement and either: 68
a. The Carmel-Clay Board of Parks and Recreation; or 69
b. The Board of Public Works and Safety, depending upon which entity is best 70
suited to accept the dedication of the infrastructure or improvement. The developer 71
(or individual) shall make a request for credit prior to the issuance of the 72
improvement location permit. The Board of Public Works and Safety shall not 73
approve a proposed Credit Agreement if the credit allocation for any site 74
improvement(s) exceeds the percentage limit, including deviation variance limits, 75
set by Council, if applicable. In the event the credit is less than the amount of the 76
impact fee due pursuant to Section 1.30(E): Establishment of Impact Fee above, the 77
remaining balance shall be due in accordance with the provisions stated hereafter. 78
4. Credits against impact fees otherwise due shall be allowed pursuant to this section for 79
all infrastructure and improvements constructed or furnished in accordance with IC 80
36‑7‑4‑1313 and IC 36‑7‑4‑1335 since January 1, 1989. In addition, a developer (or 81
individual) responsible for installing infrastructure or improvements may designate in 82
writing a method of allocating its credits to future owners who may be successors in interest 83
to the credits earned by the developer (or individual) as part of the Credit Agreement 84
provided for above. 85
5. Any developer (or individual) obligated to pay the fee established by this PRIF 86
Ordinance whose property was totally or partially destroyed by fire, storm or other casualty 87
beyond his or her control, shall be exempt from said fee if such developer (or individual) 88
repairs or replaces the destroyed structure without creating a burden on Parks and 89
Recreation Infrastructure greater than the burden imposed by the destroyed structure. In 90
the event of such additional burden, the fee shall be calculated based only on the increased 91
05/10/2024
Ordinance Z-688-24
3
burden created by the structure. 92
6. The Council reserves the right to conduct audits and request any information from any 93
source related to the credits approved under this section, the progress of the projects for 94
infrastructure and other improvements related thereto, and the fund (or funds) established 95
under IC 36-7-4-1329 for purposes of receiving the fees collected to determine compliance 96
with this section. 97
98
Section 3. Amendment. Section 1.30(K) of the Unified Development Ordinance shall 99
be amended and restated as follows: 100
101
K. Establishment of Impact Fee Fund: There is hereby established an Impact Fee Fund as a non-102
reverting fund, as may be designated by the Council, within the City to receive any and all sums 103
collected pursuant to this PRIF Ordinance and any other Impact Fee Ordinance that may hereafter 104
be adopted, to be utilized in connection with the purposes set forth in Section 1.30(L): Use of 105
Impact Fees Collected below. The Impact Fee Fund shall have separate line items for each project, 106
separating the sums that are received and collected by each specific project, pursuant to this PRIF 107
Ordinance. A special account shall be established in the fund for Parks and Recreation 108
Infrastructure which shall be kept separate from any other account that may hereafter be 109
established in the fund for other infrastructure types. In the event, and only in the event, that an 110
additional Impact Zone for Parks and Recreation Infrastructure is created hereafter, a separate 111
account shall be maintained for each separate Impact Zone established within the City. Interest 112
earned on any such account shall be deposited and maintained within the separate account. The 113
Fiscal Officer shall manage the Impact Fee Fund according to the provisions of the Impact Fee 114
Statute and maintain records of the status of any such account. Pursuant to IC 36‑7‑4‑1329, the 115
Fiscal Officer shall make an annual report to the Plan Commission and the Carmel-Clay Board of 116
Parks and Recreation of said accounts which shall be available to the public in general and 117
developer (or individual), upon request, in particular. The right to any refund of an impact fee shall 118
be determined strictly in accordance with IC 36‑7‑4‑1332, and the Fiscal Officer is designated, 119
pursuant to IC 36‑7‑4‑1332(e), as the official responsible for acting upon any refund applications 120
that may be filed by the developer (or individual). In order to facilitate the payment of any refunds 121
when they may be due, the Fiscal Officer is directed to identify the purpose of any impact fee paid 122
in order that a refund, if any, may be paid from the account into which the fee was originally 123
deposited. 124
125
Section 4. Amendment. Section 1.30(L) of the Unified Development Ordinance shall 126
be amended and restated as follows: 127
128
L. Use of Impact Fees Collected: Any and all fees collected pursuant to the provisions of this PRIF 129
Ordinance may be utilized, subject to Council approval, only for the following purposes: 130
1. Providing funds to be utilized by the Carmel-Clay Board of Parks and Recreation, after 131
consultation with the Executive Director of Carmel Redevelopment Commission, for the 132
purpose of paying the capital costs of Parks and Recreation Infrastructure that is necessary 133
to serve the new development within the City that is identified in the Zone Improvement 134
Plan; 135
2. An amount not to exceed five percent (5%) of the annual collections of the fees, to be 136
utilized by the Carmel-Clay Board of Parks and Recreation for expenses incurred by the 137
05/10/2024
Ordinance Z-688-24
4
Carmel-Clay Board of Parks and Recreation and/or the City for the consulting services that 138
are used with regard to the establishment and maintenance of this impact fee program; 139
3. To pay any refund that may be due under IC 36‑7‑4‑1332; 140
4. To pay the debt service cost on an obligation issued to provide Parks and Recreation 141
Infrastructure described in Section 1.30(L)(1) in accordance with IC 36‑10‑3‑27 or other 142
applicable law; 143
5. Providing funds to be utilized by the Carmel Redevelopment Commission, after 144
consultation with the Director of Carmel-Clay Parks and Recreation, for the purpose of 145
paying the capital costs of Urban Parks and Recreation Infrastructure. 146
147
Section 5. Ordinances Repealed. All prior ordinances or parts thereof inconsistent 148
with any provision of this Ordinance are hereby repealed to the extent of such inconsistency, as 149
of the effective date of this Ordinance, such repeal to have prospective application only. 150
151
Section 4. Effective Date. This Ordinance shall be in full force and effect from and 152
after the date of its passage and approval by the Mayor in accordance with Ind. Code §36-7-4-153
610(d). 154
155
156
05/10/2024
Ordinance Z-688-24
5
PASSED by the Common Council of the City of Carmel, Indiana, this ____ day of 157
_____________, 2024, by a vote of _____ ayes and _____nays. 158
159
COMMON COUNCIL FOR THE CITY OF CARMEL, INDIANA 160
161
______________________________ _______________________________ 162
Anthony Green, President Adam Aasen, Vice-President 163
164
______________________________ ______________________________ 165
Jeff Worrell Teresa Ayers 166
167
______________________________ ______________________________ 168
Shannon Minnaar Ryan Locke 169
170
______________________________ ______________________________ 171
Matt Snyder Rich Taylor 172
173
______________________________ 174
Dr. Anita Joshi 175
176
ATTEST: 177
178
__________________________________ 179
Jacob Quinn, Clerk 180
181
Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of 182
____________, 2024, at _______ __.M. 183
184
_______________________________ 185
Jacob Quinn, Clerk 186
187
Approved by me, Mayor of the City of Carmel, Indiana this ___ day of ______________, 2024, 188
at ______ __.M. 189
________________________________ 190
Sue Finkam, Mayor 191
ATTEST: 192
193
_________________________________ 194
Jacob Quinn, Clerk 195
196
197
198
Prepared by: 199
Adrienne Keeling, Planning Administrator, One Civic Square, Carmel, IN 46032 200
SPONSOR(S): Councilors Aasen and Taylor
This Resolution was prepared by Benjamin Legge, on April 3, 2024, at 11:00 a.m. No subsequent revision to this Resolution has been reviewed by Mr. Legge for legal sufficiency or otherwise.
RESOLUTION CC 05-20-24-01 1 2
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, 3 APPROVING A TRANSFER OF FUNDS FROM THE MARKETING AND COMMUNITY 4 RELATIONS DEPARTMENT FUND (FUND#1203) INTO THE ECONOMIC DEVELOPMENT 5 FUND (FUND#1501) 6 7
Synopsis: Transfers $170,000.00 in from the Marketing and Community Relations 8 Department budget into the Economic Development Department budget. 9 10 WHEREAS, the sum of One Hundred and Seventy Thousand Dollars (170,000.00) is needed to 11 pay for expenses in various line items within the 2024 Economic Development Department budget; and 12
13 WHEREAS, the 2024 Marketing and Community Relations Department budget has excess 14 funds in the amount of One Hundred and Seventy Thousand Seventy Dollars (170,000.00) for economic 15 development. 16 17
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, 18
that the Controller is authorized to transfer funds from the Marketing and Community Relations 19 Department budget (#1203) and into the Economic Development budget (#1501) as follows: 20 21 Marketing and Community Relations (1203) Line Item 4359300 – Economic Development 22
$170,000.00 23
24 To 25 26 Economic Development (1501) Line Item 4110000 – Full Time Regular $144,000.00 27
Economic Development (1501) Line Item 4111000 – Part Time $5,000.00 28 Economic Development (1501) 4123002 – Civilian PERF $21,000.00 29 30 31 32
33
34 35 36 37
38
39 40 41 42
43
44 Resolution CC 05-20-24-01 45 Page One of Two 46
SPONSOR(S): Councilors Aasen and Taylor
This Resolution was prepared by Benjamin Legge, on April 3, 2024, at 11:00 a.m. No subsequent revision to this Resolution has been reviewed by Mr. Legge for legal sufficiency or otherwise.
SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this day of 47 ______ , 2024, by a vote of _____ ayes and _____ nays. 48
49 COMMON COUNCIL FOR THE CITY OF CARMEL 50 51 52 Anthony Green, President Adam Aasen, Vice-President 53
54
55 Jeff Worrell Matt Snyder 56 57 ______________________________ 58
Rich Taylor Teresa Ayers 59
60 61 Anita Joshi Ryan Locke 62 63
______________________________ 64
Shannon Minnaar 65 66 ATTEST: 67 68
______________________________ 69
Jacob Quinn, Clerk 70 71 Presented by me to the Mayor of the City of Carmel, Indiana this day of ___ 72 , 2024, at .M. 73
74
75 Jacob Quinn, Clerk 76 77 Approved by me, Mayor of the City of Carmel, Indiana, this day of 78
, 2024, at .M. 79
80 81 82 Sue Finkam, Mayor 83
84
ATTEST: 85 86 87 88
Jacob Quinn, Clerk 89
90 Resolution CC 05-20-24-01 91 Page Two of Two 92
SPONSOR(S): Councilors Worrell, Aasen and Locke
This Ordinance was prepared by Benjamin J. Legge, City Attorney, on May 9, 2024 at 8:00 a.m. It may have been subsequently revised. No subsequent revision to this Ordinance has been reviewed by Mr. Legge for legal sufficiency or otherwise.
ORDINANCE NO. D-2713-24 1 2 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, 3
AMENDING CHAPTER 8, ARTICLE 5, SECTIONS 8-47 AND 8-48 4 OF THE CARMEL CITY CODE. 5 6 Synopsis: Ordinance regulating the parking of motor vehicles on City streets. 7 8 WHEREAS, the City of Carmel (“City”), pursuant to Indiana Code § 9-21-1-3, within the reasonable 9
exercise of its police power, may, by ordinance, regulate vehicular parking; and 10
11 WHEREAS, the City has previously regulated vehicular parking within its corporate limits, such 12 regulation being codified, in part, under Carmel City Code §§ 8-47 and 8-48; and 13 14
WHEREAS, the Common Council of the City now finds that it is in the interests of public safety and 15
welfare to amend the regulation of parking of motor vehicles on City streets and the regulation/prohibition of 16 the turning of vehicles at certain City intersections. 17 18 NOW, THEREFORE, BE IT ORDAINED, by the Common Council of the City of Carmel, Indiana, 19
as follows: 20
21 Section 1. The foregoing Recitals are fully incorporated herein by this reference. 22 23 Section 2. The following subsection of Carmel City Code Section 8-47(a) are hereby added and shall 24
read as follows: 25
26 Ҥ 8-47 No Parking Areas. 27 28 (a) No person shall park a vehicle at any time in the following locations: 29 30
(77) On the west side of Veterans Way south from a point 380 feet north of its intersection with 31 West Elm Street for a distance of 100 feet, from Monday to Friday, 6:00 a.m. to 5:00 p.m. 32 (78) On the east side of Clark Street. 33 (79) On the west side of Clark Street within 100-feet north and 100-feet south of its intersection 34
with Breaklines Street.” 35
36 Section 3. The following subsection of Carmel City Code Section 8-48(q) is hereby added and shall 37 read as follows: 38 39
Ҥ 8-48 Limited Parking Areas. 40
41 (q) Three-hour parking zones are established on the following City streets: 42 43 (7) On the west side of Veterans Way south from a point 380 feet north of its intersection with 44
West Elm Street for a distance of 100 feet, on Saturday, 6:00 a.m. to 5:00 p.m.” 45
46 47 48 Ordinance D-2713-24 49
Page One of Three Pages 50
SPONSOR(S): Councilors Worrell, Aasen and Locke
This Ordinance was prepared by Benjamin J. Legge, City Attorney, on May 9, 2024 at 8:00 a.m. It may have been subsequently revised. No subsequent revision to this Ordinance has been reviewed by Mr. Legge for legal sufficiency or otherwise.
Section 4. All prior ordinances or parts thereof inconsistent with any provision of this Ordinance 51 are hereby repealed, to the extent of such inconsistency only, as of the effective date of this Ordinance, such 52 repeal to have prospective effect only. However, the repeal or amendment by this Ordinance of any other 53 ordinance does not affect any rights or liabilities accrued, penalties incurred or proceedings begun prior to the 54
effective date of this Ordinance. Those rights, liabilities and proceedings are continued and penalties shall be 55
imposed and enforced under such repealed or amended ordinance as if this Ordinance had not been adopted. 56 57 Section 5. If any portion of this Ordinance is for any reason declared to be invalid by a court of 58 competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance 59
so long as enforcement of same can be given the same effect. 60
61 Section 6. The remaining portions of Carmel City Code Sections 8-47 and 8-48 are not affected by 62 this Ordinance upon its passage. 63 64
Section 7. This Ordinance shall be in full force and effect from and after the date of its passage 65 and signing by the Mayor and such publication as required by law. 66 67 68
69 70 71 72 73
74 75 76 77
78
79 80 [the remainder of this page is left intentionally blank] 81 82
83 84 85 86 87
88 89 90 91 92
93 94 95 96 97
98
Ordinance D-2713-24 99 Page Two of Three Pages 100
SPONSOR(S): Councilors Worrell, Aasen and Locke
This Ordinance was prepared by Benjamin J. Legge, City Attorney, on May 9, 2024 at 8:00 a.m. It may have been subsequently revised. No subsequent revision to this Ordinance has been reviewed by Mr. Legge for legal sufficiency or otherwise.
PASSED by the Common Council of the City of Carmel, Indiana, this day of ________, 101 2024, by a vote of _____ ayes and _____ nays. 102 103 COMMON COUNCIL FOR THE CITY OF CARMEL 104
105
106 Anthony Green, President Adam Aasen, Vice-President 107 108 109
Rich Taylor Matt Snyder 110
111 ______________________________ 112 Jeff Worrell Teresa Ayers 113 114
115
Shannon Minnaar Ryan Locke 116 117 ______________________________ 118 Anita Joshi 119
120
ATTEST: 121 122 123 ______________________________ 124
Jacob Quinn, Clerk 125
126 Presented by me to the Mayor of the City of Carmel, Indiana this day of 127 _________________________ 2024, at _______ __.M. 128 129
130
131 Jacob Quinn, Clerk 132 133 Approved by me, Mayor of the City of Carmel, Indiana, this day of , 134
2024, at .M. 135
136 137 138 Sue Finkam, Mayor 139
140
ATTEST: 141 142 143
144
Jacob Quinn, Clerk 145 146 147 148
Ordinance No. D-2713-24 149
Page Three of Three 150