HomeMy WebLinkAboutCRC-11-2001 Merchants Point EDARESOLUTION NO. /1- 2001
AMENDING DECLARATORY RESOLUTION 2005-2001 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
boundaries of the City; and
WHEREAS, the Commission has selected an economic development area to be
developed under IC 36-7-14 and IC 36-7-25 (collectively, "Act"); and
WHEREAS, the Commission has prepared an economic development plan ("Plan") for
the selected economic development area, which Plan is attached to and 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, replanning, rezoning or redevelopment of
the 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 be devoted to public ways, levees,
sewerage, parks, playgrounds; and other public purposes under the Plan; and
(2) An estimate of the cost of redevelopment and economic development; and
WHEREAS, IC 36-7-14 and IC 36-7-25 (collectively, the "Act") authorize the Carmel
Redevelopment Commission ("Commission') to declare an area to be an economic development area
and to establish an allocation area within an economic development area providing for the
distribution of property tax revenues generated within the allocation area;
WHEREAS, the Commission adopted a Declaratory Resolution ("Declaratory Resolution')
on March 14, 2001, which was effective as of that date, was confirmed bya Confirmatory Resolution
("Confirmatory Resolution") adopted on May 24, 2001;
WHEREAS, the Commission, by the Declaratory Resolution, as confirmed by the
Confirmatory Resolution ("Area Resolution'), established the boundaries of the Merchants' Pointe
Economic Development Area ("Economic Development Area") and declared this area to be an
economic development area and the Economic Development Area is more particularly described in
the map attached to and incorporated in the Declaratory Resolution;
WHEREAS, pursuant to the Area Resolution, the Commission approved an economic
development plan for the Economic Development Area was adopted ("Economic Development
Plan");.
WHEREAS, pursuant to the Area Resolution and the Economic Development Plan, the
Area") for purposes of capturing incremental ad valorem real property tax revenues levied and
collected in the Allocation Area to pay debt service on bonds issued to finance the economic
development projects described below and to pay certain other costs permitted by the Act and this
Resolution;
WHEREAS, the Commission has determined that the amendment set forth below is
reasonable and appropriate when considered in relation to the Area Resolution and the Economic
Development Plan for the Merchants' Pointe Economic Development Area when considered in
relation to the original Declaratory Resolution and the Economic Development Plan for the
Merchants' Pointe Economic Development Plan and the purposes of the Act; and
WHEREAS, the Area Resolution, with the proposed amendment, conforms to the
comprehensive plan for the City of Carmel;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION THAT:
(1) The Commission now finds that the addition of certain parcels to be acquired in
connection with carrying out the Economic Development Plan for the Merchants' Pointe Economic
Development Area is (the "Plan") reasonable and appropriate when considered in relation to the Area
Resolution and Plan and the purpose of the Act.
(2) The Commission further finds that Area Resolution and Plan, as amended, conforms
to the comprehensive plan for the City of Carmel.
(3) The Commission proposes to acquire interests in real property within the boundaries
of the Area. The parcels to be acquired in carrying the Economic Development Plan for the
Merchants' Pointe Economic Development consist of those parcels listed on Exhibit A attached
hereto and made a part hereof.
(4) Except as set forth herein, the Area Resolution remains in full force and effect.
(5) This Resolution shall be effective as of its date of adoption following a public hearing
on the amendment to the Area Resolution set forth herein.
2
Adopted AZ , 2001
CARMEL REDEVELOPMENT COMMISSION
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EXHIBIT A
Projects-
The construction and acquisition of Merchants' Pointe, Drive including the acquisition,
construction and,installati`on of the paved roadway,.curbs and sid_ ewalks,!sewers,;and related.
improvements;-and enhancements.
2. Drainage,lmprovemeiits`to A 6'1 Street,.
Reconfiguration and installation of traffic signal at intersection of 1,16' Street, AAA. Way
and Merchants' Pointe Drive.