HomeMy WebLinkAboutCRC-05-1998 Declaratory Resolution Confirmed
RESOLUTION NO. 5-1998
RESOLUTION AMENDING THE RESOLUTION OF
THE CARMEL REDEVELOPMENT COMMISSION ENTITLED
"DECLARATORY RESOLUTION OF THE
CARMEL REDEVELOPMENT COMMISSION"
WHEREAS, the Carmel ("City") Redevelopment Commission ("Commission") did on
February 18, 1997 adopt a declaratory resolution ("Declaratory Resolution") establishing the
Merchants Square Economic Development Area ("Area") and the Declaratory Resolution was
confirmed by a Confirmatory Resolution adopted on April 21, 1997;
WHEREAS, the Declaratory Resolution approved the Economic Development Plan ("Plan")
which Plan contained specific recommendations for economic development in the Area;
WHEREAS, the Declaratory Resolution established an allocation area in accordance with
IC 36-7-14-39 ("Allocation Area") for the purpose of capturing property taxes generated from the
incremental assessed value of real property located in the Allocation Area;
WHEREAS, the Common Council approved the creation of the Area and the Allocation
Area;
WHEREAS, the Commissionnow desires to amend the Declaratory Resolutionas confirmed
by the Confirmatory Resolution and the Plan to add certain real estate to the Area and the Allocation
Area;
WHEREAS, IC 36-7-14-17.5 authorizes the Commission to amend the Declaratory
Resolution, after conducting a public hearing, if it finds that:
1. The amendment is reasonable and appropriate when considered in relation to the
Declaratory Resolution and the Plan and the purposes of IC 36-7-14; and
2. The Declaratory Resolution and the Plan, with the proposed amendment, conform to
the comprehensive plan for the City;
WHEREAS, on January 22, 1998, the Commission published notice of the substance of a
proposed amendment to the Declaratory Resolution in accordance with IC 36-7-14-17.5 and
IC 5-3-1, which notice also gave notice of a hearing on the proposed amendment to be held by the
Commission; and notice to neighborhood associations and property owners;
WHEREAS, the Commission on February 2, 1998, conducted a public hearing at which the
Commission heard all persons interested in the proceedingsand considered all written remonstrances
and objections that were filed;
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NOW, THEREFORE, BENT RESOLVED by the Carmel Redevelopment Commission that;
1. The Declaratory Resolution and the Plan are hereby amended to enlarge the
boundaries of the Area and the Allocation Area to include the real estate described inExhibit A. The
real estate described in Exhibit.A is less than 20% of the size' of the original Area.
2: The Commission now finds and determines that the amendment described in Section
i is. reasonable and appropriate when considered in relation to the Declaratory Resolution and the
Plan and to the redeve€opment and economic development,purposesset forth in IC-36-7-14.
3. The Declaratory Resolution and the Plan. with the proposed amendment, conform to
the comprehensive,plan for the City.
4. The Secretary is instructed to submit thisResoiution to the-Common Council for
approval of the enlargement of the Area.
5. The Secretary is hereby directedlo record,this resolution with the Hamilton.County
Recorder„iinmediately,to notify the State Board of Tax Commissioners of the expansion.of the
Allocation- Area and the Area and to file this, resolution with the Hamilton County Auditor.
6: In all other respects, the Declaratory Resolution and Plan are hereby ratified and
confirmed.
This.resolution is effective upon passage.
Adopted at a meeting of theRedevelopm_ entCommissionheld February 2, I998,in,CityHail,
Carmel, Indiana.
CARREL REDEVELOPMENT
COMMISSION
President
Attest:.
?MA. wof?
Secre
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EXHIBIT A
Description of Additional Real Estate
Current site of First Indiana Bank
Key 416-10-31-00-00-015.000
PT SW S31 T18 R4 0.496 acres
2. Vacant outlot owned by Indiana Properties
Key #16-10-31-00-00-016.011
S 31 T18 R4 1.484 acres
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