HomeMy WebLinkAboutCRC-12-2004CITY OF CARMEL REDEVELOPMENT COMMISSION
RESOLl1TION NO... i-m?CQ?
Al Acquisition
WHEREAS, the City of Carmel.Rcdevelopment Commission ("Cl iri 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, Cl has approved and adopted a list (the "Property List") of the real property that
may be acquirecl4br redevelopment (the "Acquisition Properties");
WHEREAS, certain properties currently owned.by Marshall E. Andich (°Andich") and located
at 9-11 S outh R angeline R oad and 5 S'outh'Rangeline Road (tiro °Andich Properties") a re a mong t he
Acquisition Properties;
WHEREAS, CRC has caused there lobe completed two independent appraisals of the fair.
market value of the Andich Properties;
WHEREAS, the average of the two independent appraisals of'the fair market value of the
Andich Properties is $346,000.00 (the "Average Value");
WHEREAS, the Property List, sets forth, ors hall set forth, prices for acquisition of the
Acquisition Properties (the "Acquisiticn Amounts"):
WHEREAS, the. Acquisition Amount for the Andich Properties is, or shall be; the Average
Value;
WHEREAS; CRC desires to acquire.the Andich Properres for redevelopment;
WHEREAS, CRC intends to attempt to negotiate an agreementwith Andich for the acquisition
of the Andich Properties for an amount-not greater than the'Average Value;
WHEREAS, in the event that CRC is unable to negotiate an agreement,with Andich for the
acquisition of the Andich Proper9ies, CRC intends to acquire the Andich Properties by the exercise of the
power of eminent domain;
WHEREAS, CRC desires to confirm that: (a) the Property List includes the Andich Properties;
and (b) the AcgOsitlon Amount fortlie Andich Properties is the Average Value; and
WHEREAS, CRC desires to adopt a resolution that: (a) permits it to negotiate an agreement
with Andich for the acquisition of the Andich Properties for an amount not greater than the Average Value; and
(b) in the event that it is not able to negotiate an agreement witH Andich for.the acquistion,of the Andich
Properties, sets out its determination-to exercise thepower of eminent domain with respect to the acquisition
of the Andich Properties;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. CRC herebyconfirms that: (a) the Property List includes the Andich Properties; and (b) the A0quisitton
Amount for the Andich Properties is the Average Value;
2. CRC is permitted to negotiate an agreement with Andich'for the.acquisition: of the Andich Properties
for an amount not greater than the Average Value; and
3. In the event that CRC is not able to negotiate an agreement with. Arid ich for the acquisition of the
Andich Properties for an amou nt not greater than the Average Value, CRC is permitted to exercise its power
of eminent domain with respect to the acquisition of the Andich' Properties.
Passed by the Redevelopment Commission of the City of Cannel, Indiana, this _ day of April, 2004, by a
vote of __3 ayes and C? nays.
CITY OF CARMEL REDEVELOPMENT COMMISSION
By:
nd Buri
By.
Ronald Carter
Prepared by Wallack Somers & Haas, Counsel to CRC