HomeMy WebLinkAboutCRC-01-2000 AMLI Residential Property Agreement® CITY OF CARMEL REDEVELOPMENT COMMISSION
RESOLUTION NO. /-A000
WHEREAS, the City of Carmel Redevelopment Commission ("CRC') intends to create a City
Center that will provide a balanced mixture of residential units, retail facilities, dining options, a corporate office
campus, a performing arts center, a museum/exhibit hall, and an amphitheater (the "City Center");
WHEREAS, CRC owns that certain real estate described and/or depicted on Exhibit A,
attached hereto and incorporated herein by reference (the "Real Estate';
WHEREAS, the Real Estate is located within the area to be incorporated into the City Center;
WHEREAS, CRC intends for there to be constructed upon the Real Estate multi-family
residential apartment buildings and related facilities (the "Residential Project");
WHEREAS, CRC intends to convey the Residential Project Site to a developer that will
construct the Residential Project on the Real Estate;
WHEREAS, CRC has conducted a public offering with respect to the Real Estate;
WHEREAS, CRC has accepted a bid submitted by AMLI Residential Properties, L.P. ("Amli' ,
with respect to the purchase of the Real Estate and the construction of the Residential Project;
WHEREAS, CRC and Amli have entered into that certain Project Agreement dated as of
November 2, 1999, for the purchase of the Real Estate and the construction of the Residential Project (the
"Project Agreement7l;
® WHEREAS, CRC and Amli have entered into that certain Amendment to Project Agreement
dated as of , 2000 (the "Amendment'); and
WHEREAS, CRC desires to approve the execution by CRC of, and accept; the Project
Agreement and the Amendment;
NOW, THEREFORE, BE IT RESOLVED:
1. That. CRC hereby approves the execution by CRC of, and accepts, the Project Agreement and the
Amendment.
2. That the members of CRC hereby are authorized to execute any and all documents required in
connection with the Project Agreement and/or the Amendment (the "Required Documents")
3. That the members of CRC hereby are authorized to delegate the execution of the Required Documents
to appropriate representatives of CRC.
Passed by the Redevelopment Commission of the City of Carmel, Indiana, this _ day of February, 2000, by
a vote of ayes and _ nays.
CITY OF CARMEL REDEVELOPMENT COMMISSION
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By, Attest:
Diana L. Cordray, Clerk-Tr surer
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Prepared by Wallack Somers & Haas, Special Counsel to CRC
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ZAPMORRISSEIMEDEV CON2,11.4PPROVAL OF PROJECT -2- 181moc
AOREEhIENT AND AMENDMENT.IVPD
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