HomeMy WebLinkAboutCRC-06-2005 RESOLUTION NO. 6 -2005
RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT
COMMISSION DECLARING AN AREA IN THE CITY OF CARMEL
AS AN ECONOMIC DEVELOPMENT AREA AND APPROVING
AN ECONOMIC DEVELOPMENT PLAN FOR SAID AREA
WHEREAS, the City of Carmel Redevelopment Commission (the "Commission
governing body of the City of Carmel Department of Redevelopment (the "Department
pursuant to Indiana Code 36 -7 -14, as amended (the "Act has thoroughly studied that area of
the City of Carmel, Indiana (the "City as described on Exhibit A attached hereto and
designated as the "Carmel Downtown Economic Development Area" (the "Economic
Development Area and
WHEREAS, the existing public infrastructure is inadequate to service anticipated
demand in or near the Economic Development Area; and
WHEREAS, there has been presented to this meeting for consideration and approval of
the Commission an economic development plan (the "Plan for the Economic Development
Area and entitled "Carmel Downtown Economic Development Plan 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 replatting, replanning, rezoning, or redevelopment
of the Economic Development Area, and the parts of the Economic Development Area that are to
be devoted to public ways, sewerage and other public purposes under the Plan; and
WHEREAS, the Commission has caused to be prepared estimates of the costs of the
development projects as set forth in the Plan; and
WHEREAS, the Plan and supporting data was reviewed and considered at this meeting;
and
WHEREAS, Section 39 of the Act has been created and amended to permit the creation
of "allocation areas" to provide for the allocation and distribution of property taxes for the
purposes and in the manner provided in said section; and
WHEREAS, Sections 41 and 43 of the Act have been created to permit the creation of
"economic development areas" and to provide that all of the rights, powers, privileges and
immunities that may be exercised by this Commission in a redevelopment area or urban renewal
area may be exercised in an economic development area, subject to the conditions set forth in the
Act; and
WHEREAS, the Commission deems it advisable to apply the provisions of said Sections
39, 41, and 43 of the Act to the Plan and financing of the Plan.
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment
Commission, governing body of the City of Carmel Department of Redevelopment, as follows:
1. The Plan for the Economic Development Area promotes significant
opportunities for the gainful employment of its citizens, attracts major new business
enterprises to the City, may result in the retention or expansion of significant business
enterprises existing in the boundaries of the City, and meets other purposes of Sections
2.5, 41 and 43 of the Act, including without limitation benefiting public health, safety and
welfare, increasing the economic well being of the City and the State of Indiana (the
"State and serving to protect and increase property values in the City and the State.
2. The Plan for the Economic Development Area cannot be achieved by
regulatory processes or by the ordinary operation of private enterprise without resort to
the powers allowed under Sections 2.5, 41 and 43 of the Act because of lack of local
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public improvements, including without limitation the cost of the projects contemplated
by the Plan.
3. The public health and welfare will be benefited by accomplishment of the
Plan for the Economic Development Area.
4. The accomplishment of the Plan for the Economic Development Area will
be a public utility and benefit as measured by the attraction or retention of permanent
jobs, an increase in the property tax base, improved diversity of the economic base and
other similar public benefits.
5. The Plan for the Economic Development Area conforms to other
development and redevelopment plans for the City.
6. In support of the findings and determinations set forth in Sections 1
through 5 above, the Commission hereby adopts the specific findings set forth in the
Plan.
7. While the Plan contemplates the possibility of property acquisition as a
part of the economic development strategy, the Department does not at this time propose
to acquire any specific parcel of land or interests in land within the boundaries of the
Economic Development Area. At the time the Department proposes to acquire specific
parcels of land, the required procedures for amending the Plan under the Act will be
followed, including notice by publication and to affected property owners and a public
hearing.
8. The Commission finds that no residents of the Economic Development
Area will be displaced by any project resulting from the Plan, and therefore finds that it
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does not need to give consideration to transitional and permanent provisions for adequate
housing for the residents.
9. The Plan is hereby in all respects approved, and the secretary of the
Commission is hereby directed to file a certified copy of the Plan with the minutes of this
meeting. The Economic Development Area is hereby designated as an "economic
development area" under Section 41 of the Act.
10. The portion of the Economic Development Area described in Exhibit B
attached hereto is hereby designated as the "Carmel Downtown Allocation Area No. 1"
pursuant to Section 39 of the Act for purposes of the allocation and distribution of
property taxes for the purposes and in the manner provided by said Section. Any real
property taxes subsequently levied by or for the benefit of any public body entitled to a
distribution of property taxes on taxable property in said allocation area shall be allocated
and distributed as follows:
Except as otherwise provided in said Section 39, the proceeds of taxes
attributable to the lesser of the assessed value of the property for the assessment
date with respect to which the allocation and distribution is made, or the base
assessed value, shall be allocated to and when collected paid into the funds of the
respective taxing units. Except as otherwise provided in said Section 39, property
tax proceeds in excess of those described in the previous sentence shall be
allocated to the redevelopment district and when collected paid into the "Carmel
Downtown Allocation Area No. 1 Allocation Fund" for said allocation area that
may be used by the redevelopment district to do one or more of the things
specified in Section 39(b)(2) of the Act, as the same may be amended from time
to time. Said allocation fund may not be used for operating expenses of the
Commission. Except as otherwise provided in the Act, before July 15 of each
year, the Commission shall take the actions set forth in Section 39(b)(3) of the
Act.
11. The portion of the Economic Development Area described in Exhibit C
attached hereto is hereby designated as the "Carmel Downtown Allocation Area No. 2"
pursuant to Section 39 of the Act for purposes of the allocation and distribution of
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property taxes for the purposes and in the manner provided by said Section. Any real
property taxes subsequently levied by or for the benefit of any public body entitled to a
distribution of property taxes on taxable property in said allocation area shall be allocated
and distributed as follows:
Except as otherwise provided in said Section 39, the proceeds of taxes attributable
to the lesser of the assessed value of the property for the assessment date with respect to
which the allocation and distribution is made, or the base assessed value, shall be
allocated to and when collected paid into the funds of the respective taxing units. Except
as otherwise provided in said Section 39, property tax proceeds in excess of those
described in the previous sentence shall be allocated to the redevelopment district and
when collected paid into the "Carmel Downtown Allocation Area No. 2 Allocation Fund"
for said allocation area that may be used by the redevelopment district to do one or more
of the things specified in Section 39(b)(2) of the Act, as the same may be amended from
time to time. Said allocation fund may not be used for operating expenses of the
Commission. Except as otherwise provided in the Act, before July 15 of each year, the
Commission shall take the actions set forth in Section 39(b)(3) of the Act.
12. The foregoing allocation provisions set forth in Sections 10 and 11 shall
expire on the date that is thirty (30) years after the effective date of this resolution.
13. The officers of the Commission are hereby directed to make any and all
required filings with the Indiana Department of Local Government Finance and the
Hamilton County Auditor in connection with the creation of the respective allocation
areas.
14. The provisions of this Resolution shall be subject in all respects to the Act
and any amendments thereto.
15. This Resolution, together with any supporting data and together with the
Plan, shall be submitted to the Carmel Plan Commission (the "Plan Commission and
the Common Council of the City of Carmel (the "Common Council as provided in the
Act, and if approved by the Plan Commission and the Common Council shall be
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submitted to a public hearing and remonstrance as provided by the Act, after public
notice as required by the Act.
Adopted the 17th day of May, 2005.
CITY OF CARMEL REDEVELOPMENT
COMMISSION
W as e IP AA
esident
L6 S'
n k 44,44kA
Vice President
/e,,e
Secretary
Member
Member
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EXHIBIT A
Description of the Carmel Downtown Economic Development Area
The Carmel Downtown Economic Development Area shall consist of the following parcels, as
designated by the Carmel Redevelopment Commission:
Parcel #4, as designated on the "Proposed Master Plan" and as approved by the
Carmel Redevelopment Commission as of May 1, 2005, and containing
approximately 39,300 square feet, located north of and contiguous to the right of
way of City Center Drive, and contiguous with the right of way of Rangeline
Road (the northwest quadrant of the intersection of Rangeline Road and City
Center Drive); and,
Parcel #11, as designated on the "Proposed Master Plan" and as approved by the Carmel
Redevelopment Commission as of May 1, 2005, and containing approximately 21,650
square feet, located immediately west of Parcel #4 (described above), also contiguous
with the right of way of City Center Drive, with its eastern boundary being the Monon
Trail right of way; and,
Parcel #5, as designated on the "Proposed Master Plan" and as approved by the Carmel
Redevelopment Commission as of May 1, 2005, and containing approximately 703,730
square feet, whose boundaries are generally described as Rangeline Road on the east, the
Monon Trail on the west, City Center Drive on the north and the future Monon Green
Boulevard on the south; and,
The right of way of City Center Drive contiguous with parcels #4, #5, and #11, as
described above; and
A portion of Parcel #7 as designated on the "Proposed Master Plan" and as approved by
the Carmel Redevelopment Commission as of May 1, 2005, including the portion of
Parcel #7 which is bounded by the future Monon Green Boulevard on the south, 3rd
Avenue SW on the west, the Monon Trail on the east, and on the north by the parcel
identified by the CRC as the future "Village Green" parcel; and,
Including the full width of right of way of 3 Avenue SW, from the intersection with the
future Monon Green Boulevard as designated on the "Proposed Master Plan" and as
approved by the Carmel Redevelopment Commission as of May 1, 2005, northward to
the point of intersection with the south right of way line of City Center, and
Then commencing westward along City Center Drive, and including the full right of way
of City Center Drive to the point of intersection with the northeast corner of the parcel
which will serve as the building site for Building #4 and running along said parcel to the
west and extending to the northwest corner of the parcel which will serve as the building
site for Buildings #5," as described below, and
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The site for Pedcor Building #4 (Phase IIIa), described by Pedcor as part of the Northeast
Quarter of Section 36, Township 18 North, Range 3 East, in Hamilton County, Indiana,
more particularly described as follows:
Commencing at the Northeast corner of said quarter section;
thence South 89 degrees 12 minutes 13 seconds West along the
north line of said quarter section 1,177.71 feet; thence South 00
degrees 12 minutes 13 seconds West 26.53 feet; thence South 00
degrees 46 minutes 33 seconds East 554.73 feet; thence South 89
degrees 48 minutes 03 seconds West 60.05 feet to the western
right -of -way line of Third Avenue as described in the deed to the
City of Carmel Board of Public Works, recorded as Instrument
number 99- 9923663 in the Office of the Recorder of Hamilton
County, Indiana; thence North 00 degrees 46 minutes 33 seconds
West along said western right -of -way line 162.24 feet to the
southeast corner of Carmel City Center Phase II -East Parcel,
described in the deed to Pedcor Office, LLC, recorded as
Instrument number 2004 -22999 in said Recorder's office; thence
South 89 degrees 58 minutes 22 seconds West 197.13 feet along
the south line of said Phase II to the southwest corner of said Phase
II and the Point of Beginning of this description; thence South 89
degrees 58 minutes 22 seconds West 124.83 feet along the north
line of the land described in the deeds to Pedcor Office, LLC, for
Carmel City Center Phase I, recorded as Instrument numbers 2003-
59244, 2003 -59245 and 2003 -59246 in said Recorder's office;
thence North 00 degrees 00 minutes 00 seconds East 139.77 feet to
the southern right -of -way line of City Center Drive described in
Transfer Parcel 2 to the City of Carmel Board of Public Works,
recorded as Instrument number 2004 -22998 in said Recorder's
office; thence South 89 degrees 54 minutes 04 seconds East 124.83
feet along said southern right -of -way line to the west line of said
Phase II -East Parcel; thence South 00 degrees 00 minutes 00
seconds West 139.49 feet along said west line to the point of
beginning and containing 0.400 acres, more or less, and
The site for Pedcor Building #5 (Phase 2 west and Phase 3b), described by Pedcor as part
of the Northeast Quarter of Section 36, Township 18 North, Range 3 East, in Hamilton
County, Indiana, more particularly described as follows:
Commencing at the Northeast corner of said quarter section; thence South 89 degrees
12 minutes 13 seconds West (assumed bearing) along the North line of said quarter
section 1,177.71 feet; thence South 00 degrees 12 minutes 13 seconds West 26.53 feet;
thence South 00 degrees 46 minutes 33 seconds East 554.73 feet; thence South 89
degrees 48 minutes 03 seconds West 60.05 feet to the. western right -of -way line of Third
Avenue; thence North 00 degrees 46 minutes 33 seconds West along said western right
of way line 162.24 feet; thence South 89 degrees 58 minutes 22 seconds West 404.83
feet to the Point of Beginning of this description; thence South 89 degrees 58 minutes 22
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seconds West 82.00 feet; thence North 00 degrees 01 minute 38 seconds West 153.88
feet to the southerly right -of -way line of 126 Street; thence North 89 degrees 45 minutes
36 seconds East along said southerly right -of -way line 82.00 feet; thence South 00
degrees 01 minute 38 seconds East 154.18 feet to the Point of Beginning and containing
0.290 acres, more or less, as well as
Part of the Northeast Quarter of Section 36, Township
18 North, Range 3 East, in Hamilton County, Indiana,
more particularly described as follows:
Commencing at the Northeast corner of said quarter
section; thence South 89 degrees 12 minutes 13
seconds West along the north line of said quarter section
1,177.71 feet; thence South 00 degrees 12 minutes 13
seconds West 26.53 feet; thence South 00 degrees 46
minutes 33 seconds East 554.73 feet; thence South 89
degrees 48 minutes 03 seconds West 60.05 feet to the
western right -of -way line of Third Avenue as described in
the deed to the City of Carmel Board of Public Works,
recorded as Instrument number 99- 9923663 in the Office
of the Recorder of Hamilton County, Indiana; thence
North 00 degrees 46 minutes 33 seconds West along
said western right -of -way line 162.24 feet to the
southeast corner of Carmel City Center Phase II -East
Parcel, described in the deed to Pedcor Office, LLC,
recorded as Instrument number 2004 -22999 in said
Recorder's office, said corner being on the north line of
the land described in the deeds to Pedcor Office, LLC for
Carmel City Center Phase I, recorded as Instrument
numbers 2003 59244, 2003 -59245 and 2003 -59246 In
said Recorder's office; thence South 89 degrees 58
minutes 22 seconds West 321.96 feet along said north
line to the POINT OF BEGINNING of this description;
thence South 89 degrees 58 minutes 22 seconds West
82.87 feet along said north line to the southeast corner
of Carmel City Center Phase II -West Parcel (Instrument
number 2004 22999); thence North 00 degrees 01
minute 38 seconds West 154.18 feet along the East line
of said Parcel to the southern right -of -way line of City
Center Drive; thence North 89 degrees 45 minutes 36
seconds East 13.55 feet along said right -of -way line to
the northwest corner of the land described as Transfer
Parcel 2 to the City of Carmel Board of Public Works,
recorded as Instrument number 2004 -22998 in said
Recorder's office; thence the following two (2) courses
along the southwest and south lines of said Transfer
Parcel 2: 1) South 60 degrees 55 minutes 48 seconds
East 29.55 feet; 2) South 89 degrees 54 minutes 04
seconds East 43.56 feet; thence South 00 degrees 00
minutes 00 seconds West 139.77 feet to the POINT OF
BEGINNING and containing 0.275 acres, more or less.
The bearings In this description are based upon the
north line of the Northeast Quarter of said Section 36
having a bearing of South 89 degrees 12 minutes 13
seconds West.
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EXHIBIT B
Description of Carmel Downtown Allocation Area No. 1
The Carmel Downtown Allocation Area No.1 shall consist of the following parcels:
Parcel #4, as designated on the "Proposed Master Plan" and as approved by the
Carmel Redevelopment Commission as of May 1, 2005, and containing
approximately 39,300 square feet, located north of and contiguous to the right of
way of City Center Drive, and contiguous with the right of way of Rangeline
Road (the northwest quadrant of the intersection of Rangeline Road and City
Center Drive); and,
Parcel #11, as designated on the "Proposed Master Plan" and as approved by the Carmel
Redevelopment Commission as of May 1, 2005, and containing approximately 21,650
square feet, located immediately west of Parcel #4 (described above), also contiguous
with the right of way of City Center Drive, with its eastern boundary being the Monon
Trail right of way; and,
Parcel #5, as designated on the "Proposed Master Plan" and as approved by the Carmel
Redevelopment Commission as of May 1, 2005, and containing approximately 703,730
square feet, whose boundaries are generally described as Rangeline Road on the east, the
Monon Trail on the west, City Center Drive on the north and the future Monon Green
Boulevard on the south; and,
The right of way of City Center Drive contiguous with parcels #4, #5, and #11, as
described above; and
A portion of Parcel #7 as designated on the "Proposed Master Plan" and as approved by
the Carmel Redevelopment Commission as of May 1, 2005, including the portion of
Parcel #7 which is bounded by the future Monon Green Boulevard on the south, 3
Avenue SW on the west, the Monon Trail on the east, and on the north by the parcel
identified by the CRC as the future "Village Green" parcel.
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EXHIBIT C
Description of Carmel Downtown Allocation Area No. 2
The Carmel Downtown Allocation Area No. 2 shall consist of the following parcels, as described
by Pedcor:
The site for Pedcor Building #4 (Phase IIIa), described by Pedcor as part of the Northeast
Quarter of Section 36, Township 18 North, Range 3 East, in Hamilton County, Indiana,
more particularly described as follows:
Commencing at the Northeast corner of said quarter section;
thence South 89 degrees 12 minutes 13 seconds West along the
north line of said quarter section 1,177.71 feet; thence South 00
degrees 12 minutes 13 seconds West 26.53 feet; thence South 00
degrees 46 minutes 33 seconds East 554.73 feet; thence South 89
degrees 48 minutes 03 seconds West 60.05 feet to the western
right -of -way line of Third Avenue as described in the deed to the
City of Carmel Board of Public Works, recorded as Instrument
number 99- 9923663 in the Office of the Recorder of Hamilton
County, Indiana; thence North 00 degrees 46 minutes 33 seconds
West along said western right -of -way line 162.24 feet to the
southeast corner of Carmel City Center Phase II -East Parcel,
described in the deed to Pedcor Office, LLC, recorded as
Instrument number 2004 -22999 in said Recorder's office; thence
South 89 degrees 58 minutes 22 seconds West 197.13 feet along
the south line of said Phase II to the southwest corner of said Phase
II and the Point of Beginning of this description; thence South 89
degrees 58 minutes 22 seconds West 124.83 feet along the north
line of the land described in the deeds to Pedcor Office, LLC, for
Carmel City Center Phase I, recorded as Instrument numbers 2003-
59244, 2003 59245 and 2003 -59246 in said Recorder's office;
thence North 00 degrees 00 minutes 00 seconds East 139.77 feet to
the southern right -of -way line of City Center Drive described in
Transfer Parcel 2 to the City of Carmel Board of Public Works,
recorded as Instrument number 2004 -22998 in said Recorder's
office; thence South 89 degrees 54 minutes 04 seconds East 124.83
feet along said southern right -of -way line to the west line of said
Phase II -East Parcel; thence South 00 degrees 00 minutes 00
seconds West 139.49 feet along said west line to the point of
beginning and containing 0.400 acres, more or less, and
The site for Pedcor Building #5 (Phase 2 west and Phase 3b), described by Pedcor as part
of the Northeast Quarter of Section 36, Township 18 North, Range 3 East, in Hamilton
County, Indiana, more particularly described as follows:
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Commencing at the Northeast corner of said quarter section; thence South 89 degrees
12 minutes 13 seconds West (assumed bearing) along the North line of said quarter
section 1,177.71 feet; thence South 00 degrees 12 minutes 13 seconds West 26.53 feet;
thence South 00 degrees 46 minutes 33 seconds East 554.73 feet; thence South 89
degrees 48 minutes 03 seconds West 60.05 feet to the. western right -of -way line of Third
Avenue; thence North 00 degrees 46 minutes 33 seconds West along said western right
of way line 162.24 feet; thence South 89 degrees 58 minutes 22 seconds West 404.83
feet to the Point of Beginning of this description; thence South 89 degrees 58 minutes 22
seconds West 82.00 feet; thence North 00 degrees 01 minute 38 seconds West 153.88
feet to the southerly right -of -way line of 126 Street; thence North 89 degrees 45 minutes
36 seconds East along said southerly right -of -way line 82.00 feet; thence South 00
degrees 01 minute 38 seconds East 154.18 feet to the Point of Beginning and containing
0.290 acres, more or less, as well as
Part of the Northeast Quarter of Section 36, Township
18 North, Range 3 East, in Hamilton County, Indiana,
more particularly described as follows:
Commencing at the Northeast corner of said quarter
section; thence South 89 degrees 12 minutes 13
seconds West along the north line of said quarter section
1,177.71 feet; thence South 00 degrees 12 minutes 13
seconds West 26.53 feet; thence South 00 degrees 46
minutes 33 seconds East 554.73 feet; thence South 89
degrees 48 minutes 03 seconds West 60.05 feet to the
western right -of -way line of Third Avenue as described in
the deed to the City of Carmel Board of Public Works,
recorded as Instrument number 99- 9923663 in the Office
of the Recorder of Hamilton County, Indiana; thence
North 00 degrees 46 minutes 33 seconds West along
said western right -of -way line 162.24 feet to the
southeast corner of Carmel City Center Phase II -East
Parcel, described in the deed to Pedcor Office, LLC,
recorded as Instrument number 2004 -22999 in said
Recorder's office, said corner being on the north line of
the land described in the deeds to Pedcor Office, LLC for
Carmel City Center Phase I, recorded as Instrument
numbers 2003 59244, 2003 -59245 and 2003 -59246 In
said Recorder's office; thence South 89 degrees 58
minutes 22 seconds West 321.96 feet along said north
line to the POINT OF BEGINNING of this description;
thence South 89 degrees 58 minutes 22 seconds West
82.87 feet along said north line to the southeast corner
of Carmel City Center Phase II -West Parcel (Instrument
number 2004 22999); thence North 00 degrees 01
minute 38 seconds West 154.18 feet along the East line
of said Parcel to the southern right -of -way line of City
Center Drive; thence North 89 degrees 45 minutes 36
seconds East 13.55 feet along said right -of -way line to
the northwest corner of the land described as Transfer
Parcel 2 to the City of Carmel Board of Public Works,
recorded as Instrument number 2004 -22998 in said
Recorder's office; thence the following two (2) courses
along the southwest and south lines of said Transfer
Parcel 2: 1) South 60 degrees 55 minutes 48 seconds
East 29.55 feet; 2) South 89 degrees 54 minutes 04
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seconds East 43.56 feet; thence South 00 degrees 00
minutes 00 seconds West 139.77 feet to the POINT OF
BEGINNING and containing 0.275 acres, more or Tess.
The bearings In this description are based upon the
north line of the Northeast Quarter of said Section 36
having a bearing of South 89 degrees 12 minutes 13
seconds West.
INDS01 BDD 757601v1
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