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HomeMy WebLinkAboutCC-02-03-25-03 Clay Terrace EDA Sponsors: Councilors Aasen and Minnaar RESOLUTION CC-02-03-25-03 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, APPROVING CERTAIN MATTERS IN CONNECTION WITH THE CLAY TERRACE ECONOMIC DEVELOPMENT AREA Synopsis: This resolution approves (1) a resolution of the Carmel Redevelopment Commission creating the Clay Terrace Economic Development Area, designating the entirety thereof as a new allocation area known as the Clay Terrace Allocation Area, and adopting an economic development plan for the Clay Terrace Economic Development Area, and (2) a related Carmel Plan Commission resolution. WHEREAS, the City of Carmel Redevelopment Commission (the “Redevelopment Commission”), as the governing body for the City of Carmel Redevelopment Department, pursuant to Indiana Code 36-7-14, as amended (the “Act), adopted its Resolution No. 2024-11 on December 18, 2024 (the “CRC Resolution”), which (i) created a new economic development area known as the Clay Terrace Economic Development Area (the “Area”), (ii) designated the entirety of the Area as a new allocation area known as the Clay Terrace Allocation Area (the “Allocation Area”), and (iii) adopted an economic development plan for the Area (the “Plan”); and WHEREAS, the City of Carmel Plan Commission, on January 21, 2025, approved and adopted its Resolution No. PC-1-21-25-a (the “Plan Commission Order”) determining that the CRC Resolution and the Plan conform to the plan of development for the City of Carmel, Indiana (the “City”), and approving the CRC Resolution and the Plan; and WHEREAS, pursuant to Section 16(b) of the Act, the Redevelopment Commission has submitted the CRC Resolution, the Plan and the Plan Commission Order to the Common Council of the City. NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, as follows: 1. Pursuant to Section 16(b) of the Act, the Common Council of the City determines that the CRC Resolution and the Plan conform to the plan of development for the City, and approves the CRC Resolution, the Plan and the Plan Commission Order. 2. Pursuant to Section 41(c) of the Act, the Common Council hereby approves the determination that the Area is an economic development area pursuant to the Act. 3. This Resolution shall be in full force and effect from and after its passage by the Council and approval by the Mayor as required by law. Docusign Envelope ID: E417DCFC-BFC2-409B-B78F-43DE523333D4 2 SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this _________ day of ___________________, 2025, by a vote of ______ ayes and ____ nays. COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA ___________________________________ ____________________________________ Adam Aasen, President Matthew Snyder, Vice President ___________________________________ ____________________________________ Rich Taylor Anthony Green ___________________________________ ____________________________________ Jeff Worrell Teresa Ayers ___________________________________ ___________________________________ Shannon Minnaar Ryan Locke ___________________________________ Anita Joshi ATTEST: __________________________________ Jacob Quinn, Clerk Presented by me to the Mayor of the City of Carmel, Indiana this ________ day of __________________, 2025, at _______ __.M. ____________________________________ Jacob Quinn, Clerk Approved by me, Mayor of the City of Carmel, Indiana, this ________ day of __________________, 2025, at _______ __.M. ____________________________________ Sue Finkam, Mayor ATTEST: ________________________________ Jacob Quinn, Clerk Prepared by: Bradley J. Bingham Barnes & Thornburg LLP 11 South Meridian Street Indianapolis, IN 46204 DMS 45969537.1 Docusign Envelope ID: E417DCFC-BFC2-409B-B78F-43DE523333D4 February 11:30 0 11:15 4th February 4th 3rd 9 February A A