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HomeMy WebLinkAboutCRC-21-2006 RESOLUTION NO. 21-2006 RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION APPROVING AN AMENDMENT TO THE DECLARATORY RESOLUTION AND THE AMENDED REDEVELOPMENT PLAN FOR THE CITY CENTER REDEVELOPMENT AREA WHEREAS, on January 15, 1998, the City of Carmel Redevelopment Commission (the "Commission"), as the governing body for the City of Carmel Redevelopment Depaitment (the "Department'), pursuant to Indiana Code 36-7-14, as amended (the "Act), adopted its Resolution No. 3-1998 (as subsequently confirmed and amended, the "Declaratory Resolution") designating an area known as the City Center Redevelopment Area (the "Redevelopment Area"), as a redevelopment area pursuant to Section 15 of the Act, and the Commission subsequently has approved an Integrated Economic Development Plan & Amended Redevelopment Plan which applies to the Redevelopment Area (the "Plan"); and WHEREAS, pursuant to Section 17.5 of the Act, the Commission desires toamend the Declaratory Resolution and the Plan by designating a portion of the Redevelopment Area described in Exhibit A attached hereto as an "allocation area" (the "2006 Old Town Shoppes Expansion Tax Allocation Area") under Section 39 of the Act (the "Amendment"); 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 Amendment; 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 Amendment. 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: I. After considering the evidence presented at the Public Hearing, the Commission hereby finds and determines that the Amendment is reasonable and appropriate when considered in relation to the Plan and the purposes of the Act, and that the Plan, with the Amendment, conforms to the comprehensive plan for the City of Carmel. 2. The Amendment is hereby approved in all respects. The Plan, as amended by Amendment, is hereby confirmed in all respects. 3. The 2006 Old Town Shoppes Expansion Tax. Allocation Area described in Exhibit A 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 2006 Old Town Shoppes Expansion Tax 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 2006 Old Town Shoppes'Expansion Tax Allocation Area that maybe 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 maybe 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 2006 Old Town Shoppes Expansion Tax Allocation Area and 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 Finance. and the Hamilton County Auditor in connection with the 2006 Old Town Shoppes Expansion Tax 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 19`h day of December, 2006. CITY OF CARMEL REDEVELOPMENT COMMISSION 4keQo??- ,President ? ? ) x ? i W4 IL-OO ice President Member EXHIBIT A Description of 2006 Old Town Shoppes Expansion Tax Allocation Area Containing two parcels identified as: 16-10-30-03-01-007.000, and 16-10-30-03-01-008.000. as depicted on the Hamilton County website and Online Maproom as of Thursday, December 7, 2006. INDS01 KW6.9055260 A-1