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HomeMy WebLinkAboutCRC-20-2006a RESOLUTION NO. 20-2006 RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION APPROVING AN AMENDMENT TO THE INTEGRATED ECONOMIC DEVELOPMENT PLAN FOR THE OLD TOWN ECONOMIC DEVELOPMENT AREA WHEREAS, on May 13, 1997, the City of Cannel 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 desires to amend the Declaratory Resolution and the Plan by designating the portions of the Economic Development Area described in Exhibit A attached hereto (the "Gunstra Tax Allocation Area") and in Exhibit B attached hereto (the "National City Tax Allocation Area") as separate "allocation areas" 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 19th day of December, 2006, at 7:00 p.m., in 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. 2. The Amendments are hereby approved in all respects. The Plan, as amended by Amendments, is hereby confirmed in all respects. 3. Each of the Gunstra Tax Allocation Area•and the National City Tax Allocation Area 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 foi; the benefit of any public body;eniitled to a distribution of pioperty taxes on taxable property in each of the'Gunstra Tax Allocation Area zind the National City Tax AllocationArea sltall';be:allocated and distributed as*follows: Except as otherwise provided in said--Seecti6n-39;:the proceeds of taxes'atttibutable,to -the 1'esser 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.ih said Section 39, property tax proceeds in, excess, of those described in the previous sentence shall be allocated, to the edevelopment district and, when.collected,,paid into an alloeation,,fund for the each of-the Gunstra TaxAllocation Area and the National-City Tax Allocation Area that maybe used by theEredevelopment districtonly to do, one or more of the things specifiedin,'Section 39(b)(2); of the Act; as the same may be amended from time to time. Said allocation fund rhay not be used for operating expenses of thc,Ccmmission. Except_as otlierwise'.provided in the Act; before July 15 ofeach year, the Commission shall take the actions"set,-forth'in Section, 39(b)(3) of the,Act, The foregoing allocation provisions-shall. apply to all,of'the Guristrajax Allocation Area-and the National City Tax.,Allocation Area and each-'shall expire on December 19, 2036. Each officer of the Commission is,hereby authorized and directed to,make any and.all required filings with the Indiana. Department; of Local Government Fiaauce?and the, Hamilton County Auditor in corurection with each of the Gunstra°Tax=Allocation Area:and the National City Tax Allocation Area. 4., Any member ofthe'Commis'sion'is`hereby authorized to-take such actions as arc. necessary to;itnplement the purposes of this resolution; sand any such, action,taken:prioi. to -the date hereof is,bereby ratified and approved. 5. The:Secretary of the Comintssion is•directed to record this final action taken by the Cominission pursuant, to the requirements of Section 17:5 (g) of the Act. 2 Adopted this I9tn day of December, 2006. CITY OF CARMEL REDEVELOPMENT COMMISSION resident u Li 11 vl Vice President Z--,P ?? Secretaly "; - Member Member EXHIBIT A Gunstra Tax Allocation Area Containing three parcels identified as: 16-0925-02030-21000, 16-0925-02030-20000, and 16-0925-02030-17000. as depicted on the Hamilton County website and Online Maproom a§ of Monday; December 4, 2006. 4 EXHIBIT B National City Tax Allocation Area Containing:four parcels identified.as:- 16-1030-09050-22000, 16-1030-09056-23000; 16-1030-09050723001,. and 16-1030-09050-24000- as depict6don the Hamilton Countywebsite and Online Mailroom as of Monday, December 4, 2004. M)SOI KW©90S517v1 5