HomeMy WebLinkAboutCRC-04-2004 Amend & Expand 126th Corridor
RESOLUTIONNO. -Xd0
RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION
AMENDING AND EXPANDING THE INTEGRATED 126"' STREET CORRIDOR
ECONOMIC DEVELOPMENT AREA AND ALLOCATION AREA
WHEREAS, the City of Carmel Redevelopment Commission (the "Commission")
previously has created the Integrated 1-26'h Street Corridor Economic Development Area (the
"126th Street EDA") and the Integrated 126`h Street Corridor Economic Development Allocation
Area (the "126th Street Allocation Area"); and.
WHEREAS, the Commission previously has approved the Integrated Economic
Development Plan & Amended Redevelopment Plan (the "Integrated Plan"), a portion of which
serves as the economic development plan.for the 126th Street EDA; and
WHEREAS, the Commission now desires to amend and expand the 126t" Street EDA and
the 126`h Street Allocation Area, and to approve certain amendments to. the Integrated Plan (the
"2004 Amendments") in the form presented at this meeting;
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment
Commission as follows:
1. The Commission hereby expands the 126 h Street EDA to include the additional
areas set forth in Exhibit A hereto (collectively, the "2004 Expansion Area").
2. The Commission hereby approves the 2004 Amendments to the Integrated Plan
(as so amended by the 2004 Amendments, the "2004 Integrated Plan").
3. The Commission hereby finds that the 2004 Integrated Plan for the 2004
Expansion Area promotes significant opportunities for the gainful employment of its citizens,
attracts a.major new business enterprise to the City, retains or expands a significant business
enterprise existing in the boundaries of the City, and meets other purposes of Sections 2.5, 41
and 43 of the Act, including without limitation benefiting the public health, safety and welfare,
increasing the economic well-being of the City and the State of Indiana (the "State"), and serving
to protect and increase property values in the City and the State.
4. The Commission hereby finds that the 2004 Integrated Plan for the 2004
Expansion Area cannot be achieved by regulatory processes or by the ordinary operation of
private enterprise without resort to the powers allowed under Sections 2.5, 41 and 43 of the Act
because of lack of local public improvement, existence of improvements or conditions that lower
the value of the land below that of nearby land, multiple ownership of land and other similar
conditions, including without limitation the cost of the projects contemplated by the 2004
Integrated Plan and the necessity for requiring the proper use of the land so as to best serve the
interests of the City and its citizens.
5. The Commission hereby finds that the public health and welfare will be benefited
by accomplishment of the 2004 Integrated Plan for the 2004 Expansion Area.
6. The Commission hereby finds that the accomplishment of the 2004 Integrated
Plan for the 2004 Expansion Area will be a public utility and benefit as measured by the
attraction or retention of permanent jobs, an increase in the property tax base, improved diversity
of the economic base and other similar public benefits.
7. The Commission hereby finds that the 2004 Integrated Plan for the 2004
Expansion Area conforms to other development and redevelopment plans for the City:
8: Based upon the findings set forth in Sections 3 through 7 hereof, the Commission
hereby determines, designates and declares that the 2004 Expansion Area is an "economic
development area" within the meaning of the Act.
9. The Commission hereby finds that: (a) the amendments to the original resolutions
establishing the 126th Street EDA (the "Original Resolutions") and the Integrated Plan effected
by this Resolution and the 2004 Amendments are reasonable and. appropriate when considered in
relation to the Original Resolutions and the Integrated Plan and the purposes of the Act; and (b)
the Original Resolutions and the Integrated Plan, with the proposed amendments thereto effected
by this Resolution and the 2004 Amendments, conform to the comprehensive plan of the City.
10. In support of the findings, determinations, designations and declarations set forth
in Sections 3 through 9 hereof, the Commission hereby adopts the specific findings set forth in
the 2004 Integrated Plan, including any reports, studies and plans incorporated therein by
reference.
ll. The general boundaries of the 2004 Expansion Area are those set forth in
Exhibit A attached hereto. While the 2004 Integrated Plan contemplates the possibility of future
property acquisition in the 2004 Expansion Area, the Department does not at this time propose to
acquire any land or interests in land within the boundaries of the 2004 Expansion Area. If, at
some future time, the Department proposes to acquire any land or interests in land in the 2004
Expansion Area, the required procedures for amending the 2004 Integrated Plan under the Act
will be followed.
12. The 2004 Integrated Plan is hereby in all respects approved and adopted, and the
secretary of the Commission is hereby directed to file a certified copy of the 2004 Integrated
Plan with the minutes of this meeting.
11 The entire 2004 Expansion Area and the portion of the 126`h Street EDA
described on Exhibit B hereto (the "South Pennsylvania EDA") are hereby designated
collectively as an "allocation area" pursuant to Section 39 of the Act for purposes of the
allocation and distribution of property taxes for the purposes and in the manner provided by said
Section 39. Any real property taxes subsequently levied by or for the benefit of any public body
entitled to a distribution of property taxes on taxable property in said allocation area shall be
allocated and distributed as follows:
Except as otherwise provided in said Section 39, the proceeds of taxes, attributable to the
lesser of (a) the assessed value of the property for the assessment date with respect to which the
allocation and distribution is.made or (b) the base assessed value shall be allocated to and, when
collected, paid into the funds of the respective taxing units. Except as otherwise provided in said
2
i
Section 39, property tax proceeds in excess of those described in the previous sentence shall be
allocated to the redevelopment district and, when collected, paid into an allocation fund for said
allocation area that may be used by the redevelopment district to do one or more of the things
specified in Section 39(b)(2) of the Act, as the same may be amended from time to time. Said
allocation fund may not be used for operating expenses of the Commission. Except as otherwise
provided in the Act, before July 15 of each year, the Commission shall take the actions set forth
in Section 39(b)(3) of the Act.
14. The foregoing allocation provision shall apply to all of the 2004 Expansion Area
and the South Pennsylvania EDA and shall expire on the date that is thirty (30) years after the
effective date of this Resolution.
15. Said allocation area is hereby incorporated as part of the 126th Street Allocation
Area; provided, however, that nothing contained in this Resolution shall be construed to affect
any previously established "base assessment" or "base assessment date" in the 126th Street
Allocation Area.
16. Each officer of the Commission is hereby authorized and directed to make any
and all required filings with the Indiana Department of Local Government Finance and the
Hamilton County Auditor in connection with the creation of said allocation area.
17. The provisions of this Resolution shall be subject in all respects to the Act and
any amendments thereto.
18. This Resolution, together with any supporting data, including the 2004 Integrated
Plan, shall be submitted to the Carmel Plan Commission (the "Plan Commission") and the.
Common Council of the City (the "Common Council") as provided in the Act, and, if approved
by the Plan Commission and the Common Council, shall be submitted to a public hearing and
remonstrance as provided by the Act, after public notice as required by the Act.
19. Each officer of the Commission is hereby authorized and directed, for and on
behalf of the Commission, to take any action determined by such officer to be necessary or
appropriate to effect this Resolution, such determination to be conclusively evidenced by such
officer's having taken such action, and any such action heretofore taken is hereby ratified and
approved.
20. This Resolution shall be effective upon its adoption.
3
Adopted this 10th day of February, 2004.
CITY OF CARMEL REDEVELOPMENT
COMMISSION
President
Vic resident
z 61411X-2:?
Secretary
vv'
M ber
Member
Exhibit A
DESCRIPTION OF 2004 EXPANSION AREA TO
INTEGRATED 126TH STREET CORRIDOR ECONOMIC DEVELOPMENT AREA
Area #1: Located at the intersection of the Monon Trail Corridor and Carmel Drive
(contiguous to the existing 126`h Street ED Area at the Carmel Drive right of way)
Beginning at the point of intersection of the northwestern right of way line of the Monon Trail Corridor and
the southern right of way line of Carmel Drive (which point is contiguous with the current boundaries of
the 1261h Street ED Area),
then proceeding northwestward along the existing boundary of the 1261h Street ED Area, which coincides
with the right of way of Carmel Drive, to the point of intersection with the western boundary of parcel
number 16-09-36-00-00-043.002,
then proceeding southward along the western boundary of parcel number 16-09-36-00-00-043.002 to the
point of intersection with the northwestern right of way line of the Monon Trail Corridor,
then proceeding northeastward along the northwestern right of way line of the Monon Trail Corridor to the
point of beginning.
Consisting of three (3) parcels numbered 16-09-36-00-00-043.101, 16-09-36-00-00-044.000 and 16-09-
36-00-00-044.001.
Area #2: Located along the east side of Guilford Avenue
An area containing one parcel numbered 17-09-36-00-00-055.000 which is contiguous with the existing
126'h Street ED Area along its eastern boundary:
Area #3: Located along Guilford Avenue at the northwest quadrant of the intersection with 116'
Street (contiguous to the 126'h Street ED Area along the western boundary of the area)
Beginning at the point of intersection of the northern right of way line of 116'h Street and the western
boundary of parcel number 17-09-36-00-00-059.000,
then proceeding eastward along the, northern right of way line of 116 h Street to the point of intersection
with the western right of way line of Guilford Avenue,
then proceeding eastward across the right of way of Guilford Avenue to the point of intersection with the
eastern right of way line of Guilford Avenue,
then proceeding eastward along the northern right of way line of 116th Street to the point of intersection
with the eastern boundary of parcel number 17-09-36-00-00.054.000,
then proceeding. northward along the eastern boundary of parcel number 17-09-36-00-00-054.000 to the
northeast corner of said parcel,
then proceeding westward along the northern boundary of parcel number 17-09-36-00-00-054.000 to the
point of intersection with the eastern right of way line of Guilford Avenue,
then proceeding westward across the right of way of Guilford Avenue to the point of intersection with the
western right of way of Guilford Avenue,
then proceeding northward along the western right of way line of Guilford Avenue to the point of
intersection with the northern boundary of parcel number 17-09-36-03-01-004.000,
then proceeding westward along the northern boundary of parcel number 17-09-36-03-01-004.000 to the
northwest corner of said parcel,
then proceeding southward along the western boundaries,of parcels numbered 17-09-36-03-01-004.000,
17-09-36-03-01-005.000, 17-09-036-03-01-006.000 and 17-09-36-03-01-007.000 to the point of
intersection with the northern boundary of parcel number 17-09-36-00-00-060.000,
then proceeding westward along the northern boundary of parcel number 17-09-36-00-00-060.000 to the
northwest corner of said parcel,
then proceeding southward along the western boundaries of parcels numbered 17-09-36-00-00-060.000
and 17-09-36-00-00-059.000 to the point of beginning.
Area #4: Located along the east side of Pennsylvania Street south of 116`" Street
An area containing one parcel numbered 17.13-02-00-00-011.000 which is contiguous with the existing
boundaries of the 1261" Street ED Area along Washington Boulevard on the eastern boundary of the
parcel.
Area #5: Located along the east side of Pennsylvania Street near 111`" Street
(contiguous with the 126`" Street ED Area along the Pennsylvania Street right of way)
Beginning at the point of intersection of the eastern right of way line of Pennsylvania Street and the
northern boundary of parcel 17-13-02-00-00-014.001,
then proceeding southward along the eastern right of way line of Pennsylvania Street to the point of
intersection with the southern boundary of parcel number 17-13-02-00-00-017.000,
then proceeding eastward along the southern boundary of parcel number 17-13-02-00-00-017.000 to the
southeast corner of said parcel,
then proceeding northward along the eastern boundaries of parcels numbered 17.13-02-00-00-017.000
and 17-13-02-00-00-017.001 to the point of intersection with the southern right of way line of 111th Street,
then proceeding northward across the right of way of 111" Street to the point of intersection with the
northern right of way line of 11`h Street,
then proceeding eastward along the northern right of way line, of 1111h Street to the point of, intersection
with the eastern boundary of parcel number 17-13-02-00-00-014.001,
then proceeding northward along the eastern boundary of parcels numbered 17-13-02-00-00-014.001
and 17-13-02-00-00-014.000 to'the northeast corner of parcel number 17-13-02-00-00-014.001,
then proceeding westward along the. northern boundary of parcel number 17-13-02-00-00-014.001 to.the
point of beginning.
Area #6: Located along Old Meridian street south of 12e Street
(contiguous with the 126`h Street ED Area on all sides)
Beginning at the point of intersection of the eastern right of way line of highway US31 and the
southeastern right of way line of Old Meridian Street,
then proceeding southward along the eastern right of way line of US31 to the point of intersection with the
southern boundary of parcel number 17-09-35-00-00-017.000,
then proceeding eastward along the southern boundary of parcels numbered 17-09-35-00-00-017.000
and 17-09-35-00-00-019.000 to the point of intersection with the Pennsylvania Street right of way,
then proceeding northward along the Pennsylvania Street right of way to the point of intersection with the
southern boundary of parcel number 17-09-35-00-00-021.000,
then proceeding eastward along the southern boundary of parcel number 17-09-35-00-00-021.000 to the
southeast corner of said parcel,
then proceeding northward along the eastern boundaries of parcels numbered 17-09-35-00-00-021.000,
17-09-35-00-00-022.000, 17-09-35.00-00-024.000, 17-09-35-00-00-025.000, 17-09-35-00-00-026.000,
and 17-09-35-00-00-027.000 to the northeast corner of parcel 17-09-35-00-00-027.000,
then proceeding westward along the northern boundary of parcel number 17-09-35-00-00-027.000'to the
point of intersection with the southeastern right of way line of Old Meridian Street,
then proceeding northeast along the southeastern right of way line of Old Meridian Street to the point of
intersection with the southwestern right of way line of 126'" Street,
then proceeding northwestward along the southern right of way line of 126`" Street to the point of
intersection with the eastern right of way line of Pennsylvania Street,
then proceeding southward along the eastern right of way line of Pennsylvania Street to the point of
intersection with the northwestern right of way line of Old Meridian Street,
then proceeding southwest along the northwestern right of way line of Old Meridian Street to the point of
intersection with the southern boundary of parcel number 16-09-35-00-00-010.003,
then proceeding westward along the southern boundaries of parcels numbered 16-09-35-00-00-010.003
and 16-09-35-00-00-010.002 to the point of intersection with the eastern right of way line of US31,
then proceeding southward along the eastern right of way line of US31 to the point of beginning
7
Exhibit B
South Pennsylvania ED Area
(contiguous to the 126`h Street ED Area_at the 1161h Street right of way)
Beginning at the point of intersection of the 1161h Street right of way and the eastern right of way line of
Pennsylvania Street,
then proceeding westward along the 116'h Street right of way to the point of intersection with the eastern
right of way line of highway US31,
then proceeding southward along the eastern right of way line of US31 to the northern right of way line of
103rd Street,
then proceeding eastward along the northern right of way line of 103`d Street to the point of intersection
with the eastern right of way line of Pennsylvania Street,
then northward along the eastern right of way line of Pennsylvania Street to the point of beginning
INDS01 BDD 6453650