HomeMy WebLinkAboutCRC-15-2004
CITY OF CARMEL REDEVELOPMENT COMMISSION
RESOLUTION NO. iS- zoo
Chamber of Commerce Acquisition
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 The Carmel Clay Chamber of Commerce
("COC") and located at 41 East Main Street (the "COC 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 COC Property;
WHEREAS, the average of the two independent appraisals of the fair market value of the
CDC Property is $265,000.00 (the "Average Value");
WHEREAS, the Property List sets forth, or shall set forth, prices for acquisition of the
Acquisition Properties (the "Acquisition Amounts");
WHEREAS, the Acquisition Amount for the COC Property is, or shall be, the Average Value;
WHEREAS, CRC desires to acquire the COC Property for redevelopment;
WHEREAS, CRC intends to attempt to negotiate an agreement with COC for the acquisition
of the CDC Property for an amount not greater than the Average Value;
WHEREAS, in the event that CRC is unable to negotiate an agreement with CDC for the
acquisition of the CDC Property, CRC intends to acquire the COC Property by the exercise of the power of
eminent domain;
WHEREAS, CRC desires to confirm that: (a) the Property List includes the CDC Property;
and (b) the Acquisition Amount for the CDC Property is the Average Value; and
WHEREAS, CRC desires to adopt a resolution that: (a) permits it to negotiate an agreement
with CDC for the acquisition of the COC Propertyfor an amount not greater than the Average Value; and (b) in
the event that it is not able to negotiate an agreement with COC for the acquisition of the COC Property, sets
out its determination to exercise the power of eminent domain with respect to the acquisition of the CDC
Property;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. CRC hereby confirms that: (a) the Property List includes the COC Property; and (b) the Acquisition
Amount for the COC Property is the Average Value;
2. CRC is permitted to negotiate an agreement with COC for the acquisition of the COC 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 CDC for the acquisition of the CDC
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 CDC Property.
Passed by the Redevelopment Commission of the City of Carmel, Indiana, this _ day of April, 2004, by a
vote of 3 ayes and c> nays.
CITY OF CARMEL REDEVELOPMENT COMMISSION
By:
By:
By:
B
onald Carter
Prepared by Wallack Somers & Haas, Counsel to CRC