HomeMy WebLinkAboutCRC-02-2004 Amendment to Old Town Economic DevelopmentRESOLUTION NO.
RESOLUTION OF THE CITY OF CARMEL
REDEVELOPMENT COMMISSION APPROVING AN AMENDMENT TO
THE INTEGRATED ECONOMIC DEVELOPMENT PLAN FOR THE OLD TOWN
ECONOMC DEVELOPMENT AREA
WHEREAS, on May 13, 1997, the City of Carmel Redevelopment Commission (the
"Commission"), as the governing body for the City of Carmel Redevelopment Department (the
"Department'), pursuant to Indiana Code 36-7-14, as amended (the "Act), adopted its Resolution
No. 5-1997 (as subsequently confirmed and amended, the "Declaratory Resolution") designating
an area known as the Old Town Economic Development Area (the "Economic'Development
Area"), as an economic development area pursuant to Section 41 of the Act, and the Commission
subsequently has approved an Integrated Economic Development Plan & Amended
Redevelopment Plan which applies to the Economic Development Area (the "Plan"); and
WHEREAS, pursuant to Sections 17.5 and 41 of the Act, the Commission to desires to
amend the Declaratory Resolution and the Plan by amending the boundaries of the Economic
Development Area to remove the portion of the Economic Development Area described in
Exhibit A attached hereto, and' by designating a portion of the Economic Development Area
described in Exhibit B hereto as an "allocation area" (the "2004 Old Town Allocation Area")
under Section 39 of the Act (collectively; the "Amendments"); and
WHEREAS, pursuant to Section 17.5(a) of the Act, the Commission caused to be
published a Notice of Public Hearing with respect to such proposed Amendments; and
WHEREAS, at the hearing (the "Public Hearing") held by the Commission on the 10th
day of February, 2004, at 7:00 p.m., in the offices of the City Hall Caucus Rooms, located at One
Civic Square, Carmel, Indiana, the Commission heard all persons interested in the proceedings
and considered any written remonstrances that were filed and all evidence presented; and
WHEREAS, the Commission desires to take final action approving the Amendments.
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment
Commission, as the governing- body of the City of Carmel Redevelopment Department, as
follows:
1. After considering the evidence presented at the Public Hearing, the Commission
hereby finds, and determines that the Amendments are reasonable and appropriate when
considered in relation to the Plan and the purposes of the Act, and that the Plan, with the
Amendments, conforms to the comprehensive plan for the City of Carmel. The boundaries of
the Economic Development Area are hereby amended to remove the portion of the Economic
Development Area described in Exhibit A hereto.
2. The Amendments are hereby approved in all respects. The Plan, as amended by
Amendments, is hereby confirmed in all respects.
3. The 2004 Old Town. Allocation Area described in Exhibit B hereto is hereby
designated 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 the 2004 Old Town 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
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 the
2004 Old Town Allocation Area that may be used by the redevelopment district only 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. The foregoing allocation provision shall
apply to all of the 2004 Old Town Allocation Area and shall expire on February 10, 2034. 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 2004 Old Town Allocation Area.
4. Any member of the Commission is hereby authorized to take such actions as are
necessary to implement the purposes of this resolution, and any such action taken prior to the
date hereof is hereby ratified and approved:
5. The Secretary of the Commission is directed to record this final action taken by
the Commission pursuant to the requirements of Section 17.5 (g) of the Act.
2
Adopted this 10`h day of;February„2004.
CITY OF CARMEL
REDEVELOPMENT COMWSSION
:President=.
Secretary
M ber
Member
3
EXHIHIT.A
Parcel Deleted from.the'Old T'own.Eeonomic Development Area
'T'he, following parcel located in'the City of Carmel; Indiana; comprises the;afea to be deleted
from tbe.Old Town.Econoraic,Development Area:
Parcel No 16-09-25-04-04-014.000
EXHIBIT 'B
2004 Old Town Allocation.Area
Beginning at the.point of intersection of the north right of way line of Main Street (a:k:a..131sr
Street) and the east.rightof Way-line ;of 2,d Avenue NW,
then proceeding Easi%vard; .;along- the north right of way line of Main Street,- to -the point of
intersection with the east right.of way line oflVt Avenue,-NW,
then-proceeding northward along the west right of way line.of I" Avenue:Nw #o the point of
intersection with the northern boundary ofparcel number 16-09-25-12-01-022.001 (at or near the
northeast corner of said parcel);
then proceeding directly eastward,•across thc=right of way of I" Avenue NW, to the point of
intersection with the east righ ,of way line of I" Avenue-NW (at or near the, n_ orthwest_ corner of
parcel,number 16-09-25.12=02-026:000),.
then proceeding eastward, along the northern boundary of parcel. number 16-09-2512=02-
026,00,.to the northeast corner ofsaid,parcel,'
then proceeding southward, along the "eastern boundary of parcel number 11&09-25-12-02-
026.00, to the point of intersection with;the northern right of way.line,of Main Street,
then proceeding directly southward; across the. right of way of Main Street; to the point of
intersection with the south right of way, line cPMain:Street;.
then proceeding westward, along the south; right of way line of,Main-Streei; to the point of
intersection with the west right of way line of 1" Avenue SW,,.
then` proceedingtsouthwafd, along the..west ri ght of way' line of 15` Avenue, SW to the point of
intersecti ou.with letsouth right- of way line of 1'2" Street .-S W;
thcn,pOiocecdirig westward along :the:south right; of way line of IF Street SW to the point of
intersection with-the eastern boundary of:p"arcel :number 16-09-25-16-05-002:000_ , (at,or near,the
northeast corner ofisaid:parcel),
then proceeding southward, along the eastern boundary of parcel number 16-69=25-16-05-
002.000, to thesoutheast'corner of said parcel,
then proceeding westward along the=southern"boundary of parcel number 16,09-25-16-05-
002,000, which is coincident wiih'the northern boundary of parcel number 16-09-25-16;05-
004.000, to`the northwest'corner of parcel number 16 09-25-16-05-004:000,
then- proceeding southward along the western boundary of parcel number %16-09-25-16-05-
004:000; which is, coincident with the southeastern. boundary of parcel 16-09-25-16-05-001,000„
to thenortheast, corner of parcel number, 16-09-25-16 05 905.000,
5.
then proceeding westward, across the norther boundary of pafcel number 16--09-25-16-05-
005.000, to the point of intersection withsthe eastern right:of way line of 2nd Avende,S W
then proceeding northward, along the eastern -right of way line of 2nd Avenue S W to the point of
intersection with thc;northern right of way line of V Street SW,
then proceeding westward, along-the northern right of<vvay line of 151 Street SW to the point of
intersection with the eastern right of way line of 2"d Avenue,SW,
then proceeding;northwar`d, along the-eastern H& of wayline of 2nd Avenue SW to the point of
beginning.
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