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HomeMy WebLinkAboutCRC-01-2006 RESOLUTION NO. 1 -2006 RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION AMENDING THE DECLARATORY RESOLUTION ESTABLISHING THE PARKWOOD ECONOMIC DEVELOPMENT AREA AND THE ECONOMIC DEVELOPMENT PLAN FOR SUCH AREA WHEREAS, the City of Carmel Redevelopment Commission (the "Commission the governing body of the Department of Redevelopment of the City of Carmel, Indiana (the "City and the Redevelopment District of the City (the "District exists and operates under the provisions of Indiana Code 36 -7 -14, as amended from time to time (the "Act and WHEREAS, on January 10, 2001, the Commission adopted its Resolution No. 3 -2001 (the "Original Declaratory Resolution as subsequently confirmed, following a public hearing, by the adoption of a confirmatory resolution (Resolution No. 4 -2001) on March 14, 2001 (the "Confirmatory Resolution declaring an area within the City known as the "Parkwood Economic Development Area" to be an economic development area within the meaning of the Act (the "Original Area designating the Original Area to be an allocation area under Section 39 of the Act (the "Original Allocation Area and approving an economic development plan for the Original Area (the "Original Plan that contained a list of proposed projects for economic development of the Original Area, including road and utility infrastructure improvements (the "Projects and WHEREAS, on November 14, 2001, the Commission adopted its Resolution No. 14 -2001 (the "2001 Amendment Resolution which (a) expanded the Original Area to include an additional area (the "2001 Expansion Area (the Original Area, as expanded by the 2001 Expansion Area, shall hereinafter be referred to as the "Area (b) designated the 2001 Expansion Area as an allocation area under Section 39 of the Act (the "2001 Expansion Allocation Area (the Original Allocation Area, as so expanded by the 2001 Expansion Allocation Area, shall hereinafter be known as the "Allocation Area and (c) approved an amendment to the Original Plan (the "2001 Plan Amendment to include the construction of infrastructure in, serving or benefiting the 2001 Expansion Area (the Original Plan, as amended by the 2001 Plan Amendment, shall hereinafter be referred to as the "Amended Original Plan and WHEREAS, on June 11, 2002, the Commission adopted its Resolution No. 3 -2002 (the "2002 Amendment Resolution (the Original Declaratory Resolution, as confirmed by the Confirmatory Resolution, and as amended by the 2001 Amendment Resolution and the 2002 Amendment Resolution, shall hereinafter be referred to as the "Declaratory Resolution amending the Amended Original Plan by adding environmental remediation and abatement to the Projects to be implemented thereunder (the Amended Original Plan, as so amended, shall hereinafter be referred to as the "Plan and WHEREAS, the City Plan Commission and the Common Council of the City, as applicable, have previously approved the Declaratory Resolution and the Plan; and WHEREAS, pursuant to Section 17.5 of the Act, the Commission desires to take action to further amend the Declaratory Resolution and the Plan to provide that, notwithstanding anything to the contrary contained therein, the Declaratory Resolution and the Plan be amended for the purpose of permitting the Commission to pledge tax increment revenues generated in the Area to the payment of the City's economic development revenue bonds in an aggregate principal amount not to exceed $6,000,000 for the purpose of financing costs for construction of the Projects in connection with the Parkwood West development (in addition to amounts previously pledged relating to the Parkwood East development) (the "Amendment and WHEREAS, pursuant to Section 17.5(a) of the Act, the Commission caused to be published, in accordance with Indiana Code 5 -3 -1, a notice of public hearing regarding the Amendment, and caused all such further notices to be provided as required by law; and WHEREAS, at the public hearing held by the Commission on January 17, 2006, at 7:00 p.m. (local time), in the Caucus Room on the second floor of the Carmel City Hall, located at One Civic Square, Carmel, Indiana, the Commission considered all written remonstrances and objections filed, if any, and heard all persons interested in or affected by the proceedings and such other evidence presented; NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment Commission as follows: 1. After considering the evidence presented at the hearing on January 17, 2006, the Commission hereby finds that the proposed Amendment is reasonable and appropriate when considered in relation to the Declaratory Resolution, the Plan and the purposes of the Act. 2. The Commission hereby finds that the Declaratory Resolution and the Plan, with the proposed Amendment, conform to the comprehensive plan for the City. 3. The Amendment to the Declaratory Resolution and the Plan is hereby approved for the purpose of increasing the limit on the costs of the Projects to be implemented under the Plan as set forth herein. 4. The Secretary is hereby directed to file a certified copy of this Resolution with the minutes of this meeting. The Secretary of the Commission is further directed to record, or cause to be recorded, this Resolution pursuant to the requirements of Section 17.5(g) of the Act. 5. All other findings, determinations, and conclusions contained in the Declaratory Resolution and the Plan shall remain as stated therein. 6. This Resolution shall be in full force and effect upon its adoption by the Commission. -2- ADOPTED AND APPROVED at a meeting of the City of Carmel Redevelopment Commission held on the 17th day of January, 2006. CITY OF CARMEL REDEVELOPMENT COMMISSION L L dY( -7--' Z 7 President ap 1, 40 /./VV\ Vice President Secretary C• nZi Commissioner ATTEST: -3- BDDBOI 4278144v3