HomeMy WebLinkAboutCRC-02-2007 Bond Issuance/Performing Arts CtrRESOLUTION NO. A0 r7- )_
RESOLUTION AUTHORIZING TRANSFER OF PROPERTY FROM THE CITY OF CARMEL
REDEVELOPMENT AUTHORITY TO THE CITY OF CARMEL REDEVELOPMENT
COMMISSION
WHEREAS, the City of Carmel Redevelopment Authority (the "Authority") has undertaken the
design and construction of a performing arts center project (the "Project") in the City of Carmel, and has
issued bonds to finance a portion of the costs of the Project (the `Bonds"); and
WHEREAS, the Authority has entered into a lease of the Project site with the City of Carmel
Redevelopment Commission (the "Commission"), as lessee, to facilitate the financing of the Project; and
WHEREAS, the Authority and the Commission have determined that, in order to facilitate the
redevelopment of that portion of the Project site described in Exhibit A hereto (the "Property") on a
separate basis from (but still in coordination with) the Project, the. Authority and the Commission now
desire to authorize the transfer of the Property from the Authority to the Commission for a nominal
consideration:
NOW, THEREFORE, BE IT RESOLVED by the City of Cannel Redevelopment Commission, as
follows:
1. The Commission hereby authorizes and approves of the transfer of the Property as
described in Exhibit A hereto from the Authority to the Commission.
2. The officers and staff of the Commission are hereby authorized and directed to take such
actions and to execute such documents as they deem necessary or appropriate.lo effectuate the transfer of
the Property from the Authority to the Commission.
3. This Resolution shall take effect immediately upon passage.
PASSED AND ADOPTED this ) b day of September, 2007.
Member
LEGAL DESCRIPTION
(Parcel 7C)
A part of the Northeast Quarter of Section 36, Township 18 North, Range 3 East of the Second
Principal Meridian, Clay Township, Hamilton County, Indiana, more particularly described as
follows:
Commencing at the Northeast. Comet of the Northeast Quarter of said Section 36, Township 18
North, Range 3 East; thence South 89 degrees 12 minutes 13 seconds West (assumed bearing)
773.40'feet along the North Line of said Northeast Quarter to the northwestern comer of a 1.800-
acre tract of land granted to the City of Carmel Redevelopment Commission ("Monon tract')
recorded as Instrument Number 9909923664 in the Office of the Recorder of Hamilton County,
Indiana); thence South 00 degrees 51 minutes 54 seconds East 816.80 feet along the western line
of said Monon tract to the Point of Beginning of this description; thence continue South 00
degrees 51 minutes 54 seconds East 371.14 feet along said western line to the southwestern
comer of said Monon tract and the.southem line of the 1.004-acre tract of land granted to the
City of Carmel, Indiana ("City tract'j (recorded as Instrument Number 200200025738 in said
Recorder's Office); thence South 89 degrees 12 minutes 13 seconds West 380.93 feet along the
southem line of said City tract to the southwestern comer thereof, being the eastern right-of-way
line of Third Avenue SW; thence North 00 degrees 51 minutes 54 seconds West 10.24 feet
(10.21 feet-deed) to the southern tip of the 2.023-acre tract of land granted to the City of Carmel,
Indiana ("Third Avenue tract') (recorded as Instrument Number 9909923663 in said Recorder's
Office) (the following four (4) courses are along the eastern boundary of said Third Avenue
tract); 1) thence North 10 degrees 58 minutes 46 seconds Eat 112.16 feet (112.19 feet-deed); 2)
thence North 00 degrees 21 minutes 43 seconds West 197.12 feet; 3) thence North 00 degrees 46
minutes 33 seconds West 53.24 feet; 4) thence North 04 degrees 56 minutes 05 seconds East 5.67
feet to a point lying South 89 degrees 59 minutes 31 seconds West of the point of beginning;
thence North 89 degrees 59 minutes 31 seconds East 355.56 feet to the point of beginning,
containing 3.098 acres, more or less.
EXCEPT:
(Tunnel)
A part of the Northeast Quarter of Section 36, Township 18 North, Range 3 East of the Second
Principal Meridian, Clay Township, Hamilton County, Indiana, being a strip of land eleven (11)
feet wide and lying 5.5 feet on each side of the following described centerlines, more particularly
described as follows:
Commencing at the Northeast Comer of the Northeast Quarter of said Section 36, Township, 18
North, Range 3 East; thence South 89 degrees 12 minutes 1.3 seconds West (assumed bearing)
773.40 feet along the North Line of said Northeast Quarter to the northwestem comer of a 1.800-
acre tract of land granted to the City of Carmel Redevelopment Commission ("Monon tract')
(recorded as Instrument Number 9909923664 in the Office of the Recorder.of Hamilton County,
Indiana); thence South 00 degrees 51 minutes 54 seconds East 816.80 feet along the western line
of said Monon tract to the point of beginning of a 3.098-acre tract known as Parcel "C"; thence
South 89 degrees 59 minutes 31 seconds West 110.68 feet along the northern boundary of said
Parcel "C" to the Point of Beginning of this centerline description, said point being further
defined from elevation 816.67 feel (NGVD 1929) to elevation 827.00 feet (all elevation
references within this description are noted in feet and decimal parts thereof and are referenced to
NGVD 1929); thence South 00 degrees 00 minutes OO.seconds West 42.23 feet to a point being
further defined from elevation 817.16 to elevation 827.49 and hereinafter referred to a Point "A"thence continue South 00 degrees 00 minutes 00 seconds West 63.45 feet to a point being further
defined from elevation 817.90 to elevation 828.23; thence North 90 degrees 00 minutes 00
seconds West ti6.62 feet to a point being further defined from elevation 818.67 to elevation
829.00; thence South 00 degrees 00 minutes 00 seconds West 54.75 feet to a point being further
defined from elevation 818.50 to elevation 828.83 and hereinafter referred to as Point "B";
thence continue South 00 degrees 00 minutes 00 seconds West 128.19 feet to a point being
further defined from elevation 818.09 to elevation 828.42; thence North 90 degrees 00 minutes
00 seconds West 44.45 feet to a point being further defined from elevation 818.17 to elevation
828.50 and being the terminus of this centerline description.
ALSO, Beginning at said Point "A"; thence North 90 degrees 00 minutes 00 seconds West 6.50
feet to a point being further defined from elevation 817.16 to elevation 827.49 and being the
terminus of this centerline description.
ALSO, Beginning at said Point "B"; thence North 90 degrees 00 minutes 00 seconds West 15.28
feet to a point being further defined from elevation 818.50 to elevation 828.83 and being the
terminus of this centerline description.
EXCEPT
(Energy Center)
A part of the Northdast:Quarter of Section 36, Township 18 North, Range 3 East of the Second
Principal Meridian, Clay Township, Har Tilto',County, Indiana, more particularly described;as
follows:
Commencing at the Northeast Comer of the•Northeast Quarter of said Section 36, Township 1.8
North, Range 3' East; thence South 89 degrees 12 minutes' 13, seconds' West ossumed bearing)
773.40. et along the North Line of said Northeast Quarter to the n6ithwestain'corner"of a 1.800-
acre.tract of land granted to the City of Carmel Redevelopment ;Commission ('Wonon tract"}
(recorded ac Instrument Number 9909923664 in the Office of the Rccorder of Hamilton County.
Indiana); thence,Sduih 00 degrees '51 minutes 54 seconds East 816.80 feet along the we"stem"line
of said.Monen tract to the`point of beginning of a 3.098-acre tract known as Parcel "C";-thence
South 89 degrees 59 minutes 31, seconds West 110A feet along the"northern boundary of-said
r.
Parcel "C';,theaee South, 00 degrees 00 minutes 00,seco-nds West 105.68 feet; thence North 90
degrees 00.minutes 00 seconds West 66.62 feet, thence South 00 degrees 00 minutes 00 seconds
West 182.94 feet; thence North 90 degrees OD minutes 00 seconds West{32.60 feet to the Point of
Beginning of this description; thence South 00;degrees 00 minutes 00 seconds West 51.50 feet;
thence North 90.degrees 60 minutes 00 seconds West 65:34 feet; thence North 00 degrees', 00
minutes ,OD seconds East 104.67 feet; thence South 90 `degrees 00 minutes 00 seconds'East 65.34
feet; thence,South 00 degrees 00 minutes 00,seconds;West 53.17 feet :to the Point of Beginning,
containing 0:157 acres, ;more or less'.
NOTE: The acreage is.included above for descriptive purposes only. The policy, when issued,,
should not he'constr eed as;to insuringthe amount of_acieags contained therein.;
TRANSMITTAL
Date: September 27, 2007
To: Diana Cordray, Clerk-Treasurer
From: Andrea Stumpf
Quantity/Description
Copy of Resolution 2007-2 Authorizing Transfer of Property from the City of Carmel
Redevelopment Authority to the City of Carmel Redevelopment Commission
Received
SEP 2 7 2007
Carmel