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HomeMy WebLinkAboutCRC-02-2002 North Illinois St EDARESOLUTION NO. a- 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 and development of the economic development of the area, and an estimate of the cost of economic development and implementing the Plan, all in accordance with IC 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 bean 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, TI-IEREFORE, 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 North Illinois Street 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 thatthe_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 thatof 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 enhance utility services benefiting areas and properties within and around the Area. The public health and welfare will also be benefited by the, development of commercial office buildings 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 8.5 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 oil 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 Cannel/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 A 2002 CARMEL REDEVELOPMENT COMMISSION i ent -° Exhibit A Legal Description of the Incorporated Portion of the North Illinois Street Economic Development Area Beginning at the point of intersection of the northern right of way line of 131" Street and the center line of Meridian Comers Boulevard, Then proceeding eastward, along the northern right of way line of .13151 Street to the point of intersection with the western right of way line of US31, Then proceeding northeastward in a curvilinear direction, along the western right of way line of US' 31, to the point of intersection with the eastern boundary of parcel number 16-09-26-00-00- 001.000 (an irregularly shaped parcel), Then proceeding northward, along the eastern boundary lines of parcel number 16-09-26-00-00- 001.000 and parcel number 16-09-26-00-00-002.000, to the point of intersection with the center line of Meridian Corners Boulevard. Then proceeding southwestward, along the center line of Meridian Corners Boulevard to the point of beginning. 273542 4 FACTUAL REPORTAN SUPPORT OF FINDINGS CONTAINED IN, RESOLUTION NO, '2, 21102 OF THE CARMEL REDEVELOPMENT COMMISSION 1. The. Plan.for the,Noith,filinois Street 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 rnajor`.new business enterprises to -the City by,making the land,attractive for development with the construction ofroadImProvefneiits, as'well as-enhanced drainage and,utility infrastructure servitig'.or benefitingtthe 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 andahe.Statesof;Indiana. aiid;seve to protect and increase property values in.the„City and the State of Indiana by the construction.cf•infrastructure improvements, including thoroughfare improvements; enhanced utility service such as extensions to' water and sewer, mains, and improved drainage. C The Plan for the •Area. cannot. be achieved by regulatory processes' or by the. ordinary operation of private eriterprise without resort,to iC 36-7-14. (the,redevelopment;statute) because of the,lack of local public improvements, the existence of conditions thataowerthe 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 ofthe Plan fortbcArea will be.ofpublic utility..'and benefit as measured by (1) the poiential,for,job opportunities resulting from development or a site that has the fequi"red infrastructure for economic development,, (2) the addition of commercial developments-expanding employment opportunities and, s&rvices available to citizens; and (3) improved diversity of the economic base by the availability of development-ready sites for commercial development, which would compliment the City's existing economic development. objectives. 274524