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HomeMy WebLinkAboutCRC-06-1997 126th Corridor EDARESOLUTION NO. 6-- 199 7 RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION DECLARING AN AREA IN THE CITY OF CARMEL AS AN ECONOMIC DEVELOPMENT AREA AND APPROVING A DEVELOPMENT PLAN FOR SAID AREA WHEREAS, the City of Carmel Redevelopment Commission (the "Commission"), governing body of the City of Carmel Department of Redevelopment .(the "Department"), pursuant to Indiana Code 36-7-14, as amended (the "Act"), has thoroughly studied that area of the City of Carmel, Indiana (the "City"), as described on Exhibit A attached hereto and designated as the "126th Street Corridor Economic Development Area" (the "Economic Development Area"); and WHEREAS, the existing public infrastructure is inadequate to service anticipated demand in or near the Economic Development Area; and WHEREAS, the Commission has caused to be prepared maps and plats showing the boundaries of the Economic Development Area, the location of various parcels of properr, streets, alleys, and other features affecting the acquisition, clearance, replatting, replanning, rezoning, or redevelopment of, the Economic Development Area, and the parts of the Economic Development Area acquired that are to be devoted to public ways and other public purposes under the Plan (as hereinafter defined), lists of the owners of the various parcels of property to be acquired, and an estimate of the cost of the acquisition and redevelopment; and WHEREAS, there has been presented to this meeting for consideration and approval of the Commission a development plan (the "Plan") for the Economic Development Area and entitled "Economic Development Plan-- Old Town/126th Street Corridor Economic Development Areas"; WHEREAS, the Plan and supporting data was reviewed and considered at this meeting; and WHEREAS, Sections 41 and 43 of the Act have been created to permit the creation of "economic development areas" and to provide that allbf the rights, powers, privileges and immunities that-may be exercised by this Commission in a redevelopment area or urban renewal area may be exercised in an economic development area, subject to the conditions set forth in the Act; and WHEREAS, the Commission deems it advisable to apply the provisions of said Sections 41 and 43 of the Act to the Plan. NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment Commission- governing body of City of Carmel Department of Redevelopment, as follows: 1. The Plan for the Economic Development Area promotes significant opportunities for the gainful employment of its citizens. attracts major new business enterprises 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 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 propem• values in the City and the State. 2. The Plan for the Economic Development 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 Plan and the necessity for requiring the proper use of land so as to best serve the interests of the City and its citizens. 3. The public health and welfarc will be benefited by accomplishment of the Plan for the Economic Development Area. 4. The accomplishment of the Plan for the Economic Development 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. 5. The Plan for the Economic Development Area conforms to other development and redevelopment plans for the City. 6. In support of the findings and determinations set forth in Sections 1 through 5 above, the Commission hereby adopts the specific findings set forth in the Plan. 7. While the Plan contemplates some eventual property acquisition, the Department does not at this time propose to acquire any land or interests in land within the boundaries of the Development Area. At the time the Department proposes to acquire specific parcels of land, the required procedures for amending the Plan under the Act will be followed, including notice by publication, notice to affected property owners and a public hearing.. 8. The Plan is hereby in all respects approved, and the secretary of the Commission is hereby directed to file a certified copy of the Plan with the minutes of this meeting. The Economic Development Area is hereby designated, declared and determined to be an "economic development area" under Section 41 of the Act. 9. The provisions of this Resolution shall be subject in all, respects to the Act and any amendments thereto. 10. This Resolution, together with any supporting data and together with.the Plan, shall be submitted to the City of Carmel Plan Commission (the "Plan Commission") and the Common Council of the City of Carmel (the "Common Council") as provided in the Act, and if approved by the Plan Commission and the Common Council shall he --hmitted to a public hearing and remonstrance as provided by the Act, after public notice as required by the A.' Adopted this a day of 1997. CITY OF CARMEL REDEVELOPMENT ,( IL I / \?lrt 0 Cpl i I1?A IY?C e.? Exhibit A ?$S 126TH STREET CORRIDOR ECONO?OC DEVELOPMENT AREA: The boundaries of the 126th Street Corridor Economic Development Area are generally described as beginning at the intersection of the west right of way line of Rangeline Road and the north.right of way line of 126th Street (Mohawk Drive), and extending west to the intersection of 3rd Avenue S.W. and 126th Street Then continuing westward along the north right of way line of 126th Street to the current terminus of 126th Street at Crescent Drive. Then continuing in a southwesterly direction to intersect with the centerline of Adams Drive, and continuing along that centerline of Adams Drive to its intersection with the centerline of Carmel Drive. Then Honing eastward and southward continuing along the centerline of Carmel Drive to the west right of way line of Rangeline Road, then turning northward along the west right of way line of Rangeline Road to the point of beginning.