HomeMy WebLinkAboutCRC-7-2003 Amoco Oil Co. Blighted AreaCITY OF CARMEL REDEVELOPMENT COMMISSION
RESOLUTION NO. 7-A003
WHEREAS, the City of Carmel Redevelopment Commission ("CRC') is in the process of
redeveloping blighted areas in the City of Carmel, Indiana;
WHEREAS, in accordance with IND. CODE §36-7-14-19(b), and as evidenced by minutes of
previous CRC meetings, CRC has approved and adopted a list (the "Property List") of the real property that
may be acquired for redevelopment (the "Acquisition Properties");
WHEREAS, certain property currently owned by Amoco Oil Company ("Amoco") and located
at 200 South Rangeline Road (the "Amoco Property") is one of the Acquisition Properties;
WHEREAS, CRC has caused there to be completed two independent appraisals of the fair
market value of the Amoco Property;
WHEREAS, the average of the two independent appraisals of the fair market value of the
Amoco Property is $220,000.00 (the "Average Value");
WHEREAS, the Property List sets forth, or shall s at f orth, prices for acquisition of the
Acquisition Properties (the "Acquisition Amounts");
WHEREAS, the Acquisition Amount for the Amoco Property is, or shall be, the Average
Value;
WHEREAS, CRC desires to acquire the Amoco Property for redevelopment;
WHEREAS, CRC intends to attempt to negotiate an agreement with Amoco for the acquisition
of the Amoco Property for an amount not greater than the Average Value;
WHEREAS, in the event that CRC is unable to negotiate an agreement with Amoco for the
acquisition of the Amoco Property, CRC intends to acquire the Amoco Property by the exercise of the power
of eminent domain;
WHEREAS, CRC desires to confirm that: (a) the Property List includes the Amoco Property;
and (b) the Acquisition Amount for the Amoco Property is the Average Value; and
WHEREAS, CRC desires to adopt a resolution that: (a) permits it to negotiate an agreement
with Amoco for the acquisition of the Amoco Property for an amount not greater than the Average Value; and
(b) in the event that it is not able to negotiate an agreement with Amoco for the acquisition of the Amoco
Property, sets out its determination to exercise the power of eminent domain with respect to the acquisition
of the Amoco Property;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. CRC hereby confirms that: (a) the Property List includes the Amoco Property; and (b) the Acquisition
Amount for the Amoco Property is the Average Value;
2. CRC is permitted to negotiate an agreement with Amoco for the acquisition of the Amoco Property
for an amount not greater than the Average Value; and
3. In the event that CRC is not able to negotiate an agreement with Amoco for the acquisition of the
Amoco Property for an amount not greater than the Average Value, CRC is permitted to exercise its power
of eminent domain with respect to the acquisition of the Amoco Property.
Passed by the Redevelopment Commission of the City of Carmel, Indiana, this ( 9day of November, 2003,
by a vote of s7 ayes and 0 nays.
CITY OF CARMEL REDEVELOPMENT COMMISSION
By: Z,?-V4
chard arp
By:
Robert Battreal
By:
John Koven
By: 8 -"
Bur
Ronald Ca er
Prepared by Wallack Somers & Haas, Counsel to CRC