Loading...
HomeMy WebLinkAboutCRC-01-1997 Establishment of Carmel EDA RESOLUTION NO. 1-1997' DECLARATORt-RESOLUTION OF THE CARMEL REDEVELOPMENT COMMISSION WHEREAS; the City of Carmel,.(,"City")=Redevelopment Commission ("Commission")has investigated, studied and surveyed economic development areas within. the corporate boiindaries'of.the City; and. ' WHEREAS, the Commission has selected an economic devefopment area to'be developed under.IC 36-7-14 and IC 36-7-25 (collectively, the '"Act"); and. WHEREAS, the Commission, has prepared an economic development' plan ("Plan") for the selected econonuc.development area, which Plan is attached toand.incorporated,by reference in this resolution; and WHEREAS the Commission has caused to be prepared: (1) Maps-and plats showing; (A) the boundaries. of the economic development area, the location of various parcels of property, streets, alleys, and other features affecting-the acquisition, clearance, replatting,.replanhing, rezoning or economic development of the area, indicating any parcels of property to'be;excluded .from the acquisition; and (B) the parts of, the acquired areas that, are-to he devoted to public ways; levees, sewerage, -parks; playgrounds, and other public_purposes"under the Plan;, (2) Lists..ohhe owners.of the various parcels of property proposed to be acquired; and (3) An estimate: ofthe,cost of acquisition, redevelopment and economic,-development; and V41EREAS, the Commission-has caused, to be%prepared a factual rep6j,("Report").in support of the findings contained in this resolution, which Report`is"attached to and'incorporated by :reference in this resolution;; NOW;, THEREFORE, BE IT RESOLVED BY THE COMMISSION THAT: (1). The. Commission.has selected as an economic development area an area within its corporate boundaries, which area'thc Commission is hereby designating as the Merchants 479407.4 Square Economic Development Area ("Economic Development Area"), and which, Economic Development Areads described in Exhibit A. (2j The Commission finds that the Plan for the; Economic -Deyelcpment Area: (A) Promotes significant opportunities for the gainfiil employment=of the citizens of the City; .(B) Attracts at least, one major new business enterprise to the City,; (C) Retains-.or expands-a significant, business enterprise existing in the City; (D) Benefits?the.,public health,; safety, morals and welfare of the citizens of the City; (E) Increases the economic well-being-of the City and the State of Indiana; and (F) Serves, to protect and increase property values in the City and the State of Indiana'. (3) The Commission finds that the Plan cannot be-achieved'by regulatory processes or by the ordinary operation of private enterprise without resort to the powets allowed,the Commission unde'r' fC, 36-7-14 because. of, (A) The lack `of local -public improvements; (B) Existence.of conditions that lower the value-of the land below nearby land;, and (C) Other similar conditions; specifically:. the existing,. shopping center is obsolete because mall tenants have been moving`to other malls in the.area and shoppers- now prefer strip malls and is 50-60% vacant. (4) The Commission finds that the public healtli•and welfare will be benefitted by the accomplishment,of the Plan for the Economic Development Area, specifically by:rchabilitating an obsolete retail facility and providing a new' modern retail facility which will benefit the citizens of Carmel and the surrounding area. (5) The Commission finds that the accomplishment of the Plan will be of public utility and,benefit as measured. by: (A) The,attraction and retention of permanent.jobs; (B) An increase in `the property tax base; 479401.4 --2- I t. (C) Other similar benefits, specifically: the construction of a new retail facility and related infrastructure will remove an obsolete and"mostly vacant facility replacing it with new businesses which will improve the quality of life for the City's residents. (6) The plan for the Economic Development Area conforms to other development and redevelopment plans for the City. (7) The Commission proposes to acquire interests in real property within the boundaries of the Economic Development Area as shown in the Plan. (8) The Commission estimates that the cost of implementing the Plan will not exceed $2,500,000. (9) The Commission finds that no residents of the Economic Development Area will be displaced by any project resulting from the Plan; and, therefore, the Commission finds that it does not need to give consideration to transitional and permanent provisions for adequate housing for the residents. (10) This paragraph shall be considered the allocation provision for the purposes of IC 36-7-14-39. The entire Economic Development Area shall constitute an allocation area as defined in IC 36-7-14-39. Any property taxes levied on or after the effective date of this resolution by or for the benefit of any public body entitled to a distribution of property taxes on taxable property in the allocation area shall be allocated and distributed in accordance with IC 36-7-14-39. This allocation provision shall expire no later than 30 years after.the effective date of this resolution but no earlier than the payment in full of all obligations payable from such allocated taxes. (11) All of the rights, powers, privileges; and immunities that may be exercised by the Commission in a redevelopment area or urban renewal area may be exercised by the Commission in the Economic Development Area, subject to the limitations in IC 36-7-14-43. (12) The presiding officer of the Commission is hereby authorized and directed to submit this resolution, the Plan, and the Report to the Carmel/Clay Plan Commission for its approval. (13) The Commission also directs the presiding officer, upon receipt of the written order of approval of the Carmel/Clay Plan Commission which has been approved by the Common Council to publish notice of the adoption and substance of this resolution.in accordance with IC 5-3-1-4 and to file notice with the Carmel/Clay Plan Commission, the Board of Zoning Appeals, the Board of Public Works, the Park Board, the building commissioner and any other departments or agencies of the City concerned with unit planning, zoning variances, land use or the issuance of building permits. The notice must state that maps and plats have been prepared and can be inspected at the office of the City's department of redevelopment and must 479407.4 -3 - establish a date when the Commission will receive and hear remonstrances and objections from persons interested in or affected by the proceedings pertaining to the proposed project and will determine the public utility and benefit of the proposed project. Copies of the notice must also be filed with the officer authorized to fix budgets, tax rates and tax levies under IC 6-1.1-17-5 for each taxing unit that is either wholly or partly located within the proposed allocation area. (14) The Commission also directs the presiding officer to prepare or cause to be prepared a statement disclosing the impact of the allocation area, including the following: (A) The estimated economic benefits and costs incurred by the allocation area, as measured by increased employment and anticipated growth of real property, personal property and inventory assessed values; and (B) The anticipated impact on tax revenues of each taxing unit that is either wholly or partly located within the allocation area. A copy of this statement shall be forwarded to each such taxing unit with 'a copy of the notice required under Section 17 of the Act at least 10 days before the date of the hearing described in Section 14 of this resolution. (15) The Commission further directs the presiding officer to submit this resolution to the Common Council for its approval of the establishment of the Economic Development Area. (16) This Resolution shall be effective as of its date of adoption. 479407.4 - 4 - Adopted .Fef ruary '19, 1997. CARMEL REDEVELOPMENT ATTEST: Secretary Title i 47W.4 -:5 X1k-I u Title EXMBIT A Description of Merchants Square Economic Development Area [Attached] 479407.4 1 [? 11 l Icq t I II C I u.l I I I . I p yT. 1 II I ?? M I A?li[9 ' raw 'IC I .;: i I !t ? 3 j V I''' Il ' I :II ee f f I J , C -p i n ?? ?- fC . LI^?V. I ry? ry u R.j J n • ? P I _ - 'f ? :I 1 E? ?6Z- cl- i 1 J? - admr.calip=j r __4L - 9 y IV ? ? ?