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HomeMy WebLinkAboutCRC-04-1997 Pennsylvania St South EDA RESOLUTION NO. _q - )9q7 RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION DECLARING AN AREA IN THE CITY OF CARMEL AS ECONOMIC DEVELOPMENT AREAS AND APPROVING A DEVELOPMENT PLAN FOR SAID AREAS 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 areas of the City of Carmel, Indiana (the "City"), as described on Exhibit A-l and Exhibit A-2 attached hereto and designated as the "Pennsylvania Street North Economic Development Area" and the "Pennsylvania Street South Economic Development Area" (collectively, the "Economic Development Areas"); and WHEREAS, the existing public irtfrastructure is inadequate to service anticipated demand in or near each of the Economic Development Areas; and WHEREAS, the Commission has caused to be prepared maps and plats showing the boundaries of each of the Economic Development Areas, the location of various parcels of property, streets, alleys, and other features affecting the acquisition, clearance, replatting, replanning, rezoning, or redevelopment of each of the Economic Development Areas, and the parts of each of the Economic Development Areas 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 for the Economic Development Areas and entitled "Economic Development Plan- Pennsylvania Street Corridor Economic Development Areas" (as it applies to each of the Economic Development Areas; the "Plan"); and 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 a,, or urban renewal area may be exercised in an economic development area, subject to the conditions set forth 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 Cannel Redevelopment Commission, governing body of City of Carmel Department of Redevelopment, as follows: 1. The Plan for each of the Economic Development Areas 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 Ciry, 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 property values in the City and the State. 2. The Plan for each of the Economic Development Areas 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 each of the Economic Development Areas. 4. The accomplishment of the Plan for each of the Economic Development Areas 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 each of the Economic Development Areas 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 either of the Economic Development Areas. 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 Commssion is hereby directed to file a certified copy of the Plan with the minutes of this meeting. Each of the Economic Development Areas is hereby designated, declared and determined to bean "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 suppoi 4-ig 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 be submitted to a public hearing and remonstrance as provided by the Act, after public notice as required by the Act. +h Adopted this 2 day of 1997. T CITY OF CARMEL REDEVELOPMENT COMMISSION Exhibit A-1 PEwSYLPA.Nz4$ZREE7*;VORTH'EcotvomICDrvzLOP:NEM.4pF-4: The boundaries of the Pennsylvania Street North Economic Development Area are'generally described as beginning at the intersection of the south right of way line of 131st Street and the east right of way line of Pennsylvania Street, then going south along the east right of way line of Pennsylvania Street to the boundary of the Carmel corporate limits (which is located just north of Old Meridian Street), then turning west and following the corporate limits of the City of Carmel to the point of intersection with the east right of way line of US31. then turning north along the east right of way line of US31 to the intersection with the south right of way line of 131St Street, then east.along the south right of way line of 131st Street to the point of beginning. Exhibit A-2 PEVvsrivavrASrttszrSoufHEcorroarcDEvzLop.nizNTAREA: Thela6undariesofthePennsvlvaaia Street South Economic Development Area-are genermllydescribed as beginning at the intersection of the north. right of way line of 103rd Streei and the, east right of way line of. Pennsylvania Street and continuing along.a.nortkward aiignment to the poins'gf iatersection.with the corporate limits of the City of Carmei (near the centerline of Old'Meridian Street), thence. iUrning'southeast. along the corporate limits of the City of Carmel'to the paint of intersection. with the east right of way :line Of'US31, then tuning south along the east right of way line of US31 to the, north right of way line of 103rd Street. `then turning east along :the norih.right of way line of 103rd Street to the point of beginning'. worm F-%M 1165