HomeMy WebLinkAboutCRC-01-2002 Old Meridian EDARESOLUTION NO. 1- 2002
DECLARATORY 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
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 incorporated by reference in this
resolution; and
WHEREAS, the Commission has caused to be prepared maps and plats showing the
boundaries of the economic development area, the location of various parcels of property, streets,
alleys; and other features affecting the planning, replanning, development and redevelopment of
the economic development of the area, and an estimate ofthe cost of economic development and
implementing the Plan,.all in accordance with 1C 36-7-14-15; 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; and
WHEREAS, the Commission has caused to be prepared a factual report (`Report") in
support of the findings contained in this resolution, which Report is 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 the Commission is hereby designating as the Old Meridian
Economic Development Area (`Area"), and which Area is described in Exhibit A.
(2) The Commission finds that the Plan for the Area:
(A) Promotes significant opportunities for the gainful employment of the
citizens of the City;
(B) Attracts major new business enterprises to the City;
(C) Retains or expands a significant business enterprise existing in the. City;
and
(D) Serves to protect property values in'the City and the State.
(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 powers allowed the
Commission under I.C. 36-7-14 because of:
(A) The lack of local public improvements;
(B) The existence of improvements or conditions that lower the value of the
land within the Area below that of nearby land; and
(C) Other similar conditions, specifically: The cost of infrastructure
improvements' needed to serve the Area prevents the improvements from
being accomplished by private enterprise and there is no regulatory
process available to build infrastructure or provide incentives to encourage
the economic growth.
(4) The Commission finds that the public health and welfare will be benefited by the
accomplishment of the Plan for the Area by the construction of infrastructure improvements
including road, irrigation and drainage improvements and enhanced utility services benefiting
areas and properties within and around the Area. The public health and welfare will also be
benefited by the development of retail and commercial development and other improvements in
the Area.
(5) The. Commission finds that the accomplishment of the Plan will be of public
utility and benefit as measured by the attraction of permanent jobs, an increase in the property
tax base and improved diversity of the economic base.
(6) The Plan for the Area conforms-to other development and redevelopment plans
for the City.
(7) The Commission does not now propose to acquire interests in real property within
the boundaries of the Area. If the Commission determines that it is necessary to acquire real
property in the. Area, it will amend the Plan and this Resolution prior to any acquisition.
(8) The Commission estimates that the cost of implementing the Plan is
approximately $5.5 million to 8.0 million; however, the firm costs will be determined at the time
of any financings.
(9) The Commission finds no residents of the 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 purpose of I.C.
36-7-14-39. The entire Area shall constitute an allocation area as defined in I.C. 36-7-14-39
("Allocation Area"). 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 I.C. 36-7-14-
39 or any applicable successor provision. This.allocation provision shall expire no later than 30
years after the effective date of this resolution.
(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 Area, subject to the limitations in I.C. 36-7-14-43.
(12) The presiding officer of the Commission is hereby authorized and directed to
submit this resolution, the Plan and the Factual Report to the Carmel/Clay Plan Commission
("Plan Commission") for its approval.
(13) _ The Commission also directs the presiding officer, after receipt of the written
order of approval of the Plan Commission which has been approved by the Common Council to
publish notice of the adoption and substance of this resolution in accordance with I.C. 5-3-1-4
and to file notice with the 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 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 I.C. 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 filed with 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 13 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 Area.
(16) This Resolution shall be effective as of its date of adoption.
Adopted 2002
CARMEL REDEVELOPMENT COMMISSION
ATTEST:
Greta
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Pre ent
Exhibit A
Old Meridian Base ED Area
Legal Description
Beginning at the point of intersection of the southern right of way line of 13151 Street and the
western right of way line of Guilford Avenue,
then proceeding westward, along the south right of way line of 13151 Street to the point of
intersection with the western boundary of parcel number 16-09-25-03-00-01-003.000,
then southward along the western boundary line of parcel number 16-09-25-03-01-003.000 to the
point of intersection with the northern property boundary of parcel number 16-09-25-00-00-019,
then westward along the northern property boundary of parcel number 16-09-25-00-00-019 to
the northwest comer of said parcel,
then southward, along the western boundary of said of parcel 16-09-25-00-00-019 to the point of
intersection with the northern boundary of parcel number 16-09-26-00-00-012 (at the northeast
corner of parcel 16-09-26-00-00-012),
then westward, along the northern boundary of parcel number 16-09-26-00-00-012 to the
northwest comer of said parcel,
then southward, along the western boundary of parcel 16-09-26-00-00-012 to the southwest
comer of said parcel,
then eastward, along the southern boundary of parcel 16-09-26.00-00-012 to the southeast corner
of said parcel, which coincides with the southwest comer of parcel number 16-09-25-00-00-019,
then continuing eastward, along the southern boundary of parcel number 16-09-25-00-00-019 to
the point of intersection with the western right of way line of Guilford Avenue,
then northward, along the western right of way line of Guilford Avenue to the point of
beginning.
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FACTUAL REPORT IN SUPPORT
OF FINDINGS CONTAINED IN
RESOLUTION NO. L 2002
OF THE CARMEL
REDEVELOPMENT COMMISSION
1. The Plan for the Old Meridian Economic Development Area ("Area") will
promote significant opportunities for the gainful employment of citizens of the City of Carmel
("City") by bringing enhanced infrastructure to the Area to encourage economic development.
2. The Plan will attract major new business enterprises to the City by making the
land attractive for development with the construction of road improvements, as well as enhanced
drainage and utility infrastructure serving or benefiting the Area.
3. The planning, replanning, development, and redevelopment of the Area will
benefit the public health, safety, morals.and welfare; increase the economic well-being of the
City and the State of Indiana; and serve to protect and increase property values in the City and
the State of Indiana by the construction of infrastructure improvements, including thoroughfare
improvements, enhanced utility service such as extensions to water and sewer mains, and
improved drainage.
4. The Plan for the Area cannot be achieved by regulatory processes or by the
ordinary operation of private enterprise without resort to IC 36-7-14 (the redevelopment statute)
because of the lack of local public improvements, the existence of conditions that dower the value
of the land within the Area below that of nearby land, and the existence of other similar
conditions outlined in the Plan.
5. The accomplishment of the Plan for the Area will be of public utility and benefit
as measured by (1) the potential for job opportunities resulting from development or a site that
has the.required infrastructure for economic development; (2) the addition of commercial and
retail developments expanding employment opportunities and services available to citizens; and
(3) improved diversity of the economic base by the availability of development-ready sites for
commercial- and retail development, which would compliment and promote the City's existing
economic development objectives.
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