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HomeMy WebLinkAboutCRC-05-1997 Old Town EDARESOLUTION NO. S - /997 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 "Old Town 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 property, 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 all of 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 a%1, 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 25, 41 and 43 of the Act, including without limitation benefiting public health, safety and welfare, increasing the economic Nvell being of the City and the State of Indiana (the "State"), and serving to protect and ncreasepropem, 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 welfare 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 Cclmcil") as provided in the Act, and if approved by the Plan Commission and the Common Council shall besul)mi Zed to a public hearing and remonstrance as provided by the Act, after public notice as required by the Act. Adopted this/ )J day of 1997. CITY OF CARMEL REDEVELOPMENT COMMISSION 3 Exhibit A Taz OLD Tow.N ECONOMIC DE vELOPME.NT ,4R11: The Old Town streescape improvement project is designed a restore the historic character of the area, and the work on that proiect will ¢enerally take place on either or both sides of the strews included in the area. Therefore, the boundaries of the Old Town Economic Development Area are generally described as aligning with the street corridors of the area, as follows: besz;nning at the intersection of Rangeline Road and 6th -Street S.E., and continuing eastward along 6th Street S.E. to 1st Avenue S.E., then north along 1st Avenue S:E. to Cartnelaire Drive, then east on Carmelaire Drive to Heather Drive, then south along Heather Drive to Aspen Way, then east along Aspen Way to Nay's Run Drive; the-- continuing ¢enerally northward along the alignment of Amy's Run Drive, extending northward to 4th Avenue SE., and continuing non! ward along 4th Avenue N.F. to 2nd Street i.E., then tnzning eastward along 2nd Street N.E. to Sylvan Lane, them- turning north along Sylvan Lane to Audubon Drive, then continuing nor-?h aiong .4uduben Drive, and at the point Where Audubon Drive begins to ntrn west, = ndiag northward beyond Audubon Drive to 136th Street; then the boundary turns westward along 136th Street to 1st Avenue N.W., then south along 1st Avenue N.W. to 5th Street N.W., then turning westward along 5th Street N.W. and extending beyond 5th Street N.W., past Lark Drive, to Meadow Lane, then south along Meadow Lane; past Main Street, to York Drive; then continuing southward on York Drive to its intersection with Emerson Road, then turning eastward along the alignment of Emerson Road, and extending past Emerson Road, to 3rd Avenue S.W., then south along 3rd Avenue S.W. to a point aligning with the alignment of 6th Street S.E., then eastward along a line aligning with 6th Street S.E. to the point of beginning. 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