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HomeMy WebLinkAboutResolution - DRAFT t ORDER OF THE CARMEL PLAN COMMISSION DETERMINING THAT AN AMENDED RESOLUTION AND ECONOMIC DEVELOPMENT PLAN APPROVED AND ADOPTED BY THE HAMILTON COUNTY REDEVELOPMENT COMMISSION CONFORM TO THE COMPREHENSIVE PLAN AND APPROVING THAT RESOLUTION AND THE ECONOMIC DEVELOPMENT PLAN (96th Street /421 Economic Development Area) WHEREAS, the Hamilton County Redevelopment Commission "Commission on the 25th day of February, 2000, adopted a Declaratory Resolution declaring that the for the 96th Street /421 Economic Development Area "Area was an economic development area and subject to economic development activities pursuant to IC 36 -7 -14 and IC 36 -7 -25, and all acts supplemental and amendatory thereto "Act and, WHEREAS, the Commission, on the 22 day of April, 2010, preliminarily approved an Amendment to the Economic Development Plan "Plan for the Area which Area is located within the planning and zoning jurisdiction of the Carmel Plan Commission "the Plan Commission and, WHEREAS, IC 36- 7 -14 -16 requires a Declaratory Resolution which amends an economic plan to be approved by the Plan Commission. NOW, THEREFORE, BE IT ORDERED by the Carmel Plan Commission, as follows: 1. The Amendment to the Plan for the Area conforms to the Comprehensive Plan approved by the Carmel Plan Commission for development for Clay Township and the City and for the real estate within the Area. 2. The Amendment to the Plan is in all respects approved, ratified and confirmed. 3. The Secretary of the Plan Commission is hereby directed to file a copy of the Declaratory Resolution approving the Amendment to the Plan with the permanent minutes of this meeting. Passed by the Carmel Plan Commission, this day of May, 2010. President, Carmel Plan Commission ATTEST: Secretary, Carmel Plan Commission RESOLUTION RC- 4- 22 -10 -B DECLARATORY RESOLUTION AMENDING THE REDEVELOPMENT PLAN FOR THE 96T STREET -U.S. 421 ECONOMIC DEVELOPMENT AREA WHEREAS, the Hamilton County Redevelopment Commission "the Commission the 25th day of February, 2000, adopted Resolution 2000- 1, "the Declaratory Resolution which Resolution established the 96th Street/ 421 Economic Development Area, "the Area and approved a Factual Report and Economic Development Plan for the Area, "the Plan and, WHEREAS, the Declaratory Resolution was confirmed by the Commission on the 5th day of October, 2000, after the approval of the Plan by the Carmel Plan Commission and the Hamilton County Board of Commissioners; and, WHEREAS, the Declaratory Resolution approved the Plan which contained specific recommendations for construction of local public improvements to enhance economic development in the Area; and, WHEREAS, the Declaratory Resolution established an allocation area in accordance with Indiana Code 36- 7 -14 -39 "Allocation Area for the purpose of capturing property taxes generated from the incremental increases in assessed value of real property "Tax Increment located in the Allocation Area; and, WHEREAS, the Board of Commissioners approved the creation of the Area and the Allocation Area; and, WHEREAS, the City of Carmel and Hamilton County have recommended an Amendment to the Plan to authorize the Commission to construction additional local public improvements to include expansion and improvement of any thoroughfare roads in western Clay Township, which roads will serve and benefit the Area by providing better access to and from the Area, which improvements shall include, but not be limited to, the following: a. The construction of round -a -bouts at 106th and Shelborne Road; Shelborne Road and 131st Street; Shelborne Road and 126th Street; Shelborne Road and 121st Street; and 96th Street and Towne Road. b. Reconstruction of Towne Road from 146th Street to 131st Street. c. Reconstruction of Shelborne Road from 131st Street to 116th Street. d. Reconstruction of 126th Street between Shelborne Road and Towne Road. e. Reconstruction of 146th Street from Spring Mill Road, west to the Boone County line. f. The above costs shall include costs of right of way, design, construction, and construction inspection. g. However, nothing herein will permit the widening of any of the above roads or thoroughfares, south of 116th Street, other than intersection improvements, prior to January 1, 2012. WHEREAS, any thoroughfare improvements and the improvements listed in (a) through (g) above are herein collectively defined as "the Projects NOW, THEREFORE, BE IT RESOLVED BY THE HAMILTON COUNTY REDEVELOPMENT COMMISSION THAT: 1. The Plan as stated in the Declaratory Resolution and the Plan shall include payment of all or part of the costs of the Projects. 2. The Commission finds that the above Amendment to the Plan is reasonable and appropriate when considered in relation to the original Plan for the Area as described in the Declaratory Resolution. 3. The above Amendment to the Plan conforms to the Comprehensive Plan for the City of Carmel. 4. The Amendment to the Plan does not enlarge the boundaries of the Area. 5. There is public utility and benefit to amend the Plan for the Area to include the above local public improvements. 6. The estimated costs of the Projects to initially be fully or partially funded by the Commission are shown on Exhibit A. 7. The Commission shall finance the Projects by either the issuance of Bonds, Bond Anticipation Notes, or by entering into leases with the Hamilton County Redevelopment Authority "the Authority for the issuance of the Authority's Lease Rental Bonds which obligations shall be paid by Tax Increment collected from the Allocation Area and other funds available to the Commission. 8. The Amendments described in Section 1 above conform with the economic development purposes set forth in Indiana Code 36 -7 -14. 9. The Secretary is directed to forward a copy of this Resolution to the Carmel Plan Commission for consideration pursuant to Indiana Code 36- 7- 14 -16. 10. In all other respects, the Declaratory Resolution and the Plan are hereby ratified and confirmed. 11. This Resolution is effective upon passage. ALL OF WHICH IS RESOLVED this 22nd day of April, 2010. HAMILTON COUNTY REDEVELOPMENT COMMISSION Art Levine, President A ,r A... 6 /7.-- 0 randall, Vice Pre ident Charlotte Swai ecretary AW M S e. Andrews, ber ATTEST: Ron Thomas, Member C� C: Charlotte Swain, Secretary Exhibit A Project Estimated Cost 126th Street Shelborne Road to Towne Road 2,693,658 Shelborne Road Improvements north of 116 Street to 126 Street and a roundabout at 131 Street and Shelborne intersection 5,326,433 106 Street and Shelborne Road roundabout 2,011,165 Towne Road, 131 Street to 146 Street 4,413,000 96 Street and Towne Road Roundabout 6,667,196 Local costs of 146 Street from Springmill Road To Boone County (presuming 80% Federal Aid) 16,000,000 Total $37,111,452