HomeMy WebLinkAboutCRC-08-2001 Old Town Blighted Area DevelopmentCITY OF CARMEL'REDEVELOPMENT COMMISSION
:RESOLUTION 18- 7-00 i
WHEREAS, the, City of,Carmel Redeveicpment,Commission ("CRC") has acquired a
Firs Avenue S PVdr ject site in downtown, Carmel Irdiana, bouoded,by West Main Street, First'Street SW;
the Monon Trail (the "Old Town. Project Site ");
WHEREAS, CRC'is promoting and facilitating, redevelopment of the Ojd,Town Project-Site
as a complex of mixed-use residential and retail buildings with on-site,parking (the'tOld Town Project");
WHEREAS; CRChas acquired portions of, and has targeted other real estate for, acquisition
for incorporation into,,a redevelopment project site located: (a) west of Rangel ne:Road; and (b) north and
south of City Center Drive, (the"",City Center Project SiW').
WHEREAS, CRC is promoting and facilitating redevelopment of,,the City CenterProject5jte
as a city center that will provide ;a balanced mixture of retail.and restaurant facilities; a-corporate office
campus; single'-family, residences`, and,fnulti-family reside ntial'facilities (the "City Center Project");'
WHEREAS, there remain blighted areas that are located: (a) west of Rangeline Road;
(b) north of the City Center Prajecf Site;iand (c) south of the Old Town PrcjectSite (the"`Blighted Areas"),
WHEREAS,.the members of CRC.have determined that it is In the best interests: of the City
of Carmel, Indiana (tile"City'), it Old Tovwh Project; and the City CenferProjectlo address the Blighted
Areas by promoting and facilitating redevelopment of those Bkg7hted;Areas,to'provide continuitybetween
the Old Town Project and the City Center Pro,lect;,
WHEREAS, CRC'has`determined -that it will address the Blighted Areas incrementally, with
the first step being redevelopment o ,those,certain Blighted Areas (the `Targeted Blighted'Areas") located
within that area immediately south.6Lthe Old Town PrejectSite, as more:particularly'depicted on.Exhibif A;
and
WHEREAS, CRC deslies to: (a) specifically, identify the Targeted Blighted Areas;
(b) develop and adopt a redevelopment plan fot,the Targeted Blighted Areas that provides continuity
between the Old Town Project.and the City Center Protect (the "Redevelopment Plan") (c)'take such
additional action as is necessary to expand,and exierid the Old Town'Project Site to include,the Targeted
Blighted Areas (the-"Expansion Actions");,and (d) take such action as-is necessary and in the best interests
of the City; the Old Town Protect, and the City Center project to proinbte and*facilitate redevelopment of
those Blighted Areas, including, when'necessacy; acquisition for redevelopment of property within the
Targeted Areas (the "Redevelopment Actions")'.
NOW, THEREFORE, BE IT RESOLVED THAT
CRC shall: (a) specifically identify; the Targeted Blighted Areas; (b),develop and adopt the
Redevelopment Plan; (c) take the Expansion Actions, subject to each-such action being separately
authorized by the resolution of,CRCI.and (d) take the Redevelopment Actions, subject to each.such action
being separateiy,euthorzed by the resolution of°CRC,
Passed by the Redevelopment Commission ,of the'City of Carmel, Indiana, this ?a. day of June, 2001, by
a vote of L ayes and D nays.
DEVELOPM
Preparedrby Wallack-Somers & Haas,,.Special Counsel,tq CRC