HomeMy WebLinkAboutWestClay Economic Development Plan DRAFT 11-20-07City of Carmel
Hamilton County, Indiana
draft
WestClay Economic
Development Plan
November 20, 2007
Michael R. Shaver, President
3799 Steeplechase Drive
Carmel, IN 46032
(voice) 317/872 -9529
(fax) 317/872 -9885
(e -mail) wabsci@aol.com
WestClay Economic Development Plan
Carmel, Indiana
Purpose of the Economic Development Area Plan
This Economic Development Plan is being developed for the sole purpose of capturing tax
increment revenue from a neighborhood serving commercial development proposal on
parcels of land located in the Village of WestClay. These parcels of land are zoned for
commercial services, retail development, and a continuing care retirement community
(CCRC) all to be located in the southwest quadrant of the intersection of 131 Towne
Road. The CCRC development carries a corporate form of ownership and generates no
school children, thereby making it eligible for the capture of tax increment. This type of
commercial development is designed to enjoy the convenience of services and retail
shopping virtually next door.
The development at this location consists of approximately 100,000 square feet of
commercial and retail space. This neighborhood center is strategically located like other
similar neighborhood commercial areas in the City of Carmel, consistent with the polices
in the 2020 Comprehensive Plan (as amended). It is designed to offer choice and
convenience for the nearby residents in western Carmel.
The WestClay ED Area is shown on map 1, provided earlier in this ED Plan. This ED
Area Plan are being developed for the specific purpose of including the WestClay ED
Area Plan into the Integrated Economic Development Plan for the City of Carmel, with
the integrated findings of fact and integrated economic development polices previously
presented to the public and adopted by the Carmel Redevelopment Commission (CRC). In
the adopted Integrated Economic Development Plan, the CRC set forth the general policy
that the redevelopment of the City Center Area, including all City Center Redevelopment
projects, are considered to benefit the community as a whole, having a positive affecting
all economic development throughout Carmel. This general policy premise is reasserted in
creating the WestClay ED Area Plan. To state the case more directly, the CRC hereby
offers this ED Plan for public discussion with the specific note that the CRC intends to
capture tax increment from the WestClay ED Area for the purpose of supporting the
revenue needed to repay bonds issued to construct the performing arts center, and other
community supporting infrastructure.
Description of the Proposed Economic Development Area
The proposed WestClay Economic Development Area is located at the southwest quadrant
of the intersection of 131 Street and Towne Road. The boundaries of the WestClay ED
Area to be created for the purpose of capturing TIF increment from future commercial
development at the Village of WestClay (SW corner of 131st and Towne Road) are
described as follows:
Beginning at the point of intersection of the west right of way line of Towne Road and the
south right of way line of 131 Street,
WestClay Economic Development Plan 071120 3
then proceeding westward along the south right of way line of 131 Street to the point of
intersection with the eastern boundary of parcel 17- 09- 29- 00 -00- 012.000 (parcel 17- 09 -29-
00-00- 012.000 is NOT to be included in the ED Area),
then proceeding southward along the eastern boundary of parcel 17- 09- 29- 00 -00- 012.000,
to the point of intersection with the southern boundary of parcel 17- 09- 29- 00 -20- 003.000,
then proceeding eastward along the southern boundaries of parcels 17-09-29-00-20-
003.000 and parcels 17- 09- 29- 00 -20- 004.000 to the southeast corner of parcel 17- 09 -29-
00-20- 004.000,
then proceeding directly eastward, across the right of way of Pettigru Drive to the point of
intersection with the western boundary of parcel 17- 09- 29- 00 -14- 010.000,
then proceeding eastward, southward and eastward along the southern and western
boundaries of parcel 17- 09- 29- 00 -14- 010.000 to the point of intersection with the western
right of way line of Towne Road,
then turning northward to the point of beginning.
This legal description is intended to contain the following parcels, according to the
Hamilton County Auditor's website (November 20, 2007):
17 09 29 00 19 001.000
17- 09- 29- 00 -19- 002.000
17- 09- 29- 00 -20- 001.000
17- 09- 29- 00 -20- 001.001
17- 09- 29- 00 -20- 001.002
17- 09- 29- 00 -20- 002.000
17- 09- 29- 00 -20- 003.000
17- 09- 29 -00 -20- 003.001
17- 09- 29 -00 -20- 004.000
17- 09- 29 -00 -20- 005.000
17- 09- 29- 00 -14- 010.000
WestClay Retail /Commercial Development Proposal
The Carmel Plan Commission and City Council have approved a retail /commercial
development at this location within the Village of WestClay. The approved development
will include a mixed -use retail development with some office, retail and other uses,
specifically targeted for support of residential development located in the immediate area.
This project will be developed with greater intensity than the previous agricultural uses,
the previously planned/approved West Clay residential uses, and was thoroughly discussed
as it moved through the plan commission process, before being approved by Carmel's City
Council.
The previous approval of the West Clay retail by Carmel Plan Commission and Carmel
City Council is interpreted by the CRC as proof in fact of the conformity of this ED Plan
to the overall plan of development for the ED Area, as required by statute. The CRC
believes that it has developed an ED policy process which respects the statutory role of the
WestClay Economic Development Plan 071120 4
Plan Commission in the development process, as well as respecting that similar, confined
role in the ED Area designation and ED Plan approval process.
Economic Development Plan to Become a Part of the Integrated ED Plan
It is the intent of the CRC that this "WestClay Economic Development Plan," (WestClay
ED Plan) and designated "WestClay Economic Development Area," (WestClay ED Area)
will become a part of the Carmel Integrated Economic Development Plan (January 2000),
as amended. The CRC previously created a series of separate Economic Development
Areas, as well as one redevelopment area (City Center, 1997), and developed an integrated
series of plans and strategies for the purpose of generating complimentary economic
development and redevelopment of these areas throughout the city of Carmel, both
individually and collectively. The CRC has developed (and amended over time to reflect
progress in meeting economic development and redevelopment policies and on identified
projects) an Integrated Economic Development Redevelopment Plan itemizing the
individual strategies and projects from all of these TIF -based areas, as well as integrating
all projects from all ED RD Areas into a single, functioning whole, with the central goal
of enabling the City of Carmel to utilize TIF revenues from all ED RD Areas to benefit
the City Center redevelopment initiatives.
It is the intent of the CRC that the "WestClay Economic Development Area" will become
a part of the Integrated Economic Development and Redevelopment Areas, with all
projects and strategies for the city of Carmel and CRC to be integrated and coordinated
with one another. As such, TIF revenue generated by the WestClay ED Area is extended
the same CRC policy provisions as revenue from the other ED RD Areas, in that TIF
revenues generated within the WestClay ED Area can be used to benefit the City Center
Redevelopment Area, and such use of the TIF revenue in City Center will directly serve
and benefit the WestClay ED Area. Most specifically, the CRC publicly advances the
intent to capture tax increment revenue for the purposes of securing the performing arts
center bonds, in the event that there is a shortfall of such revenue.
Incorporation of Previous Findings
This Economic Development Plan incorporates any and all previous findings of fact and
findings of blight related to previous designations of Economic Development Areas and/or
Redevelopment Areas for the purpose of capturing TIF revenues. As such, in addition to
the specific findings of fact offered below, this Economic Development Plan also officially
incorporates previous findings of fact related to the designation of other Economic
Development Areas covering the affected/designated parcels, as well as the findings of
blight that were previously approved as part of the City Center Redevelopment Plan.
The incorporation of previous findings is undertaken with the direct intent of enabling the
CRC to supplement the specific findings offered in this WestClay Economic Development
Plan, in the event of legal or public disputes. Any citizen seeking full documentation of all
findings related to this designation should consult this WestClay Economic Development
Plan as well as the Integrated Economic Development Plan and Redevelopment Plan, as
WestClay Economic Development Plan 071120
amended and promulgated by the CRC. The Integrated Economic Development
Redevelopment Plans contain all previous ED RD Plans for the CRC.
WestClay Findings of Fact
Indiana statute IC 36 -7 -14 provides for the formation of an Economic Development Area
in accordance with the following criteria:
1. The plan for the Economic Development Area: promotes significant opportunities for the
gainful employment of its citizens; attracts major new business enterprise to the unit (of
government); retains or expands a significant business enterprise existing in the unit, or;
meets other purposes of redevelopment and economic development.
2. The plan for the Economic Development Area cannot be achieved by regulatory
processes, or by the ordinary operation of private enterprise because of: lack of public
improvements, existence of improvements or conditions that lower the value of land below
that of nearby land; multiple ownership of land; or other similar conditions.
3. The public health and welfare will be benefited by the plan for the economic development
of the 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, or; improve the diversity and economic base or other similar
benefits.
5. The plan for the Economic Development area conforms to other Development and
Redevelopment Plans of the unit.
Finding of Fact #1: "...the plan promotes significant opportunities for the gainful
employment of its citizens; attract major new business enterprise; ...retains or
expands a significant business enterprise existing in the unit...."
Designation of the WestClay Economic Development Area is undertaken for the specific
purpose of capturing proposed commercial retail development into the integrated
economic development areas. The specific target market for this commercial /retail
development is the capture of business activity supported by neighboring residential
development. It is estimated that 150 -300 full -time equivalent jobs will be created in the
commercial/retail area captured by the WestClay ED Area designation.
In addition, it is the intent of the City that development in the WestClay EDA attract
complementary new business enterprise to the West Clay Village Center, consistent with
the approved plan for the overall Village of West Clay. The CRC is responding directly to
an approved development plan with the full expectation that new employment
opportunities will be captured in this ED Area, and as such, it is determined that the
proposed Economic Development Area meets this statutory finding of fact.
Finding of Fact #2: "the plan... cannot be achieved by regulatory processes or by
the ordinary operation of private enterprise because of lack of public
improvements... or other similar conditions."
WestClay Economic Development Plan 071120
6
The designation of the WestClay ED Area responds to a series of conditions that relate to
the development of commercial parcels in support of broad -scale residential development.
The original Village of WestClay was approved in 1999 as a `new urbanism' concept
which included a central, commercial/retail area, the Village Center, consisting of 250,000
square feet of space. The Village Center plan was not readily accepted by the market, and,
thus, in 2005 -2006 an amended plan was proposed by the developer which shifted 100,000
square feet of commercial away from the Village Center, to the SW quadrant of Towne
Road and 130 Street. This plan amendment was reviewed and approved by the Carmel
Plan Commission and Carmel City Council, and the ED Area designation reflects the final
approval.
The City's Economic Development Plans and policies cannot only be achieved through
traditional regulatory processes or through the normal operation of private enterprise for
several reasons. First, the City Center redevelopment projects, as reflected in the
Integrated ED /RD Plan (of which the WestClay ED Plan will become a part) cannot be
accomplished through the normal operation of private enterprise or through the regulatory
process. Obstacles to successful redevelopment are becoming more difficult as a result of
uncoordinated or uninformed state legislative actions and policies which frustrate and
elongate redevelopment efforts. These state -level actions add to the difficulty of achieving
successful redevelopment of City Center, and contribute to the need to draw potential
revenues from new development toward the City Center in order to keep redevelopment
plans on track.
Second, while the WestClay developer has provided amplified levels of infrastructure
support in the vicinity of the ED Area, the historic lack of coordinated infrastructure
investment in the broader area of western Carmel has exposed other infrastructure needs
and inadequacies. The City of Carmel is moving to address these problems with new road
construction bonds and major infrastructure projects, and this ED Area designation is
intended to be a part of this comprehensive effort to address the infrastructure needs of the
area. Addressing these infrastructure needs cannot effectively be addressed through
regulatory action or through the normal operation of private enterprise, especially insofar
as a growing portion of increased traffic patterns are coming from outside of the
regulatory jurisdiction of the city of Carmel.
Furthermore, the City Center Redevelopment Area was designated with a full complement
of findings of blight, indicating that the area was suffering from lack of private investment,
urban deterioration and other blighting influences. These findings are also hereby
incorporated into this economic development plan by reference.
The additional findings of fact necessary to meet the statutory requirements for designation
of the WestClay Economic Development Area are intended to supplement, rather than
replace, the previous findings of fact and findings of blight, which are a part of the
Integrated Economic Development Redevelopment Plan.
The Carmel Redevelopment Commission has undertaken an extended series of planning,
design, and construction projects in central Carmel to create a dynamic environment for
WestClay Economic Development Plan 071120 7
economic development and redevelopment, as a catalyst for future private sector
investment and job creation. The City Center Redevelopment Plan clearly stated an
extensive intent on the part of the City of Carmel to develop a broad range of public
improvements to draw economic, recreational and arts activity into the City Center,
possibly including a performing arts center, an art museum, various new streets /roads,
various improvements to existing streets /roads, expansion /enhancement of public parking
facilities, sidewalk and road improvements, and other forms of public improvements. The
West Clay ED Area designation is intended as an extension of the previously- stated policy
on the part of the CRC.
The entirety of the CRC economic development strategy depends upon making major
public improvements in order to enable the WestClay Economic Development Area to
serve its portion of a city with over 60,000 population, and a metropolitan trade area of
nearly 200,000 population. Clearly, the public improvements serving the City Center area
when the redevelopment and economic areas were originally established in 1997, including
infrastructure and parking, were designed to serve a small town of less than 2,000 people.
Therefore, investment in public infrastructure is required in order to serve the anticipated
growth and developmental of Carmel to a community of 100,000 population or more,
anticipated in the adopted 2020 Comprehensive Plan. The need for major public
improvements is unlikely to be effectively realized through simple regulatory enforcement
or normal operation of private enterprise.
The sum of these arguments leads to the conclusion that the CRC can only achieve its
economic development, community development and central Carmel redevelopment goals
through the creative application of development partnerships and comprehensive
infrastructure investment. In creating those partnerships, economic development and
redevelopment incentives can be applied to those development proposals which meet the
CRC's criteria and vision, but in no case can the simple operation of private enterprise or
the simple application of regulatory processes lead to a successful outcome. As such, the
proposed WestClay Economic Development Area, as part of the integrated EDA, is
determined to meet this statutory finding of fact.
Finding of Fact #3: "the public health and welfare will be benefited..."
The proposal to create the WestClay Economic Development Area will benefit the public
health and welfare in several ways, as follows:
1. The public welfare will be benefited by providing new jobs and for employment of the
citizens of Carmel opportunities in the City Center area, as a result of the proposed
developments.
2. The public welfare will be benefited by introducing new opportunities for arts, entertainment
and cultural enhancement in'the City Center.
3. The public welfare will be benefited through the development of retail /commercial business
to serve neighboring residents, reducing travel time, fuel consumption and air pollution
related to commercial business trips originating in the area.
4. The public welfare will be benefited by creation of new assessed value within the Economic
Development Area.
5. The public health will be benefited by improvements to safety features and local
transportation and infrastructure which are designed to reduce the incidence and severity
of traffic accidents, including pedestrians struck by vehicles, as well as vehicular accidents.
WestClay Economic Development Plan 071120 8
6. The public health will be benefited by infrastructure improvements which reduce traffic
congestion and thus improve local air quality.
7. The public health will be benefited by providing enhanced roadway design other
thoroughfare amenities which provides customers with safe access to businesses in the
ED Area.
It has been the CRC's strategy since the 1997 to enhance the quality of life in Carmel by
improving the downtown and City Center area to offer more arts, recreational, and cultural
opportunities to citizens of Carmel and the metropolitan area. Effectively, "quality of life"
and "public health and welfare" are synonymous terms. Therefore, the CRC hereby asserts
that this statutory finding is satisfied.
Finding of Fact #4: accomplishment of the plan will be of public utility... as
measured by: the attraction or retention a permanent jobs; an increase in the
property tax base... or other similar benefits."
The CRC hereby asserts that the accomplishment of this Economic Development Plan,
including its goals, objectives, strategies, and projects, will be of public utility, as defined
in the statute. The approved development will increase the number of permanent jobs in
the ED Area by approximately 150 -300 jobs, as well as supporting the retention of existing
jobs which are already located in the Arts District and City Center.
In addition, it is clear that the approved commercial /retail development will also increase
the property tax base, as well as contribute to the economic base of the City of Carmel.
These proposed developments, by providing shopping convenience in neighboring
residential areas, help make the community better place to live, and, thus, will help
improve the city's business investment climate for attractive for new growth and
retention of a broad range of new businesses, including small, start-up businesses, major
commercial businesses and arts related businesses. Many of these businesses could not be
attracted or retained, or otherwise would not be permitted to grow, without developments
such as this neighborhood retail /commercial development, which make the overall city a
better place to live and work. While Carmel has a number of areas where major new
office /retail development is occurring, including the US 31 Corridor, the number of these
neighborhood serving facilities in the western Clay Township area is extremely limited.
As such, the CRC asserts that the WestClay ED Area Plan meet this statutory
requirement.
Finding of Fact #5: "the plan for the Economic Development Area conforms to
other development and redevelopment plans of the unit."
The CRC hereby asserts that the WestClay Economic Development Plan conforms in
every respect to the other economic development and redevelopment plans for the area.
The Carmel Plan Commission has previously considered and approved the development of
the commercial /retail parcels that comprise the proposed WestClay ED Area. By virtue of
the Plan Commission's approval of this retail /commercial development, the CRC hereby
asserts that the Plan Commission and City Council has approved the development as
conforming to the comprehensive plan for the area.
WestClay Economic Development Plan 071120 9
This Economic Development Plan alters none of the previous findings of the Integrated ED
Plan Area. The City and the Plan Commission have worked cooperatively since the
inception of economic development and redevelopment efforts by the CRC. This
Economic Development Plan cannot reasonably be interpreted in any manner that does not
conform to the overall plan of development and redevelopment for the City of Carmel, and
as such, is expected that this statutory finding of fact is satisfied.
Economic Development Strategy
The CRC seeks to designate the WestClay Economic Development Area for the purpose of
promoting the overall economic development and redevelopment strategies and policies of
the CRC. The CRC's strategy for designating this Economic Development Area is
primarily directed at integrating the economic development and redevelopment activities
and policies of the CRC for the entire City.
The CRC has been consistent with regard to its overall economic development and
redevelopment objectives Beginning with the original "Integrated Economic
Development Area Plan" and continuing through several subsequent amendments, as
well as the creation of several subsequent ED Areas, the CRC has publicly maintained
their initial economic development and redevelopment strategies. The fundamental
premise of these ED /RD strategies is that in order to combat urban blight caused by
removal of investment and existing substandard infrastructure in Carmel's urban core, the
CRC must implement policies which recognize the interdependence of `suburban' and
`urban' economic development projects. The CRC has consistently taken the position that
an economically unhealthy urban core will cause or contribute to suburban economic
development deterioration, and therefore that redevelopment projects in City Center do, in
fact, directly benefit the `suburban' economic development areas by maintaining an
economically healthy downtown, and, overall healthy climate for development investment
and job creation
The CRC has sought constructive partnerships with developers possessing the professional
capability to successfully implement development and redevelopment projects which are
compatible with the CRC's vision for the City Center area. This ED Area designation is
therefore consistent with previous and continuing CRC economic development and
redevelopment projects.
Economic Development Projects
The CRC's intent with regard to creation of the WestClay ED Area includes the use of TIF
funds for the following projects in conjunction with the approved retail /commercial
development.
Cost item
Potential revenue support for City Center projects
Estimated cost (min /max)
$1 million to $3 million
WestClay Economic Development Plan 071120
10
Thoroughfare Corridor Improvements
$500,000 to $1 million
Ingress /Egress provisions
(including handicapped access)
$100,000 to $500,000
Other infrastructure support
$100,000 to $500,000
Preliminary Subtotal of Estimated Project Costs
$1.7 million to $5 million
In addition to the economic development projects presented above, the CRC acknowledges
that potential future TIF revenues can be used to support redevelopment projects
undertaken by the CRC in the City Center Area, and that such use of the excess TIF
revenues will directly serve and benefit the WestClay ED Area, in accordance with
statutory requirements.
/crc WestClay ed plan
WestClay Economic Development Plan 071120
11
Conn; Angelina V
From: Hollibaugh, Mike P
Sent: Friday, November 23, 2007 11:21 AM
To: Bruce Donaldson; wabsci @aol.com
Cc: Keeling, Adrienne M; Conn, Angelina V
Subject: WestClay ED plan possible adjustments
Attachments: WestClay ED plan Mike H.doc
Dear Mike and Bruce.
Let me know what you think.
Mike H.
(Incidentally, I will be out of town on 11/28- 12/1, but will do what i can on Mon and Tues to help).
11/26/2007
Page 1 of 1
Please forgive all of the red in this draft amendment what i've tried to do with this "rework" is bring closer the language
with respect to what the westclay project represents, and, where the plan commission is, generally /philosophically, with
respect to both westclay, and the CRC ED objectives (i think)...
Realizing this is a complicated subject with a history going back to 1997, there are a number of suggestions which
probably aren't correct or are consistent with something. However, I felt we needed to get something "new" in play to
discuss, that may be more acceptable to a majority of the PC. It would be my goal that a revised draft can be ready to be
shipped out (email and mail) to the PC on Monday...in advance of their meeting on Thursday, Nov. 29.
City of Carmel
Hamilton County, Indiana
draft
WestClay Economic
Development Plan
November 20, 2007
Gt11r75i7cr LGu!
Michael R. Shaver, President
3799 Steeplechase Drive
Carmel, IN 46032
(voice) 317/872 -9529
(fax) 317/872 -9885
(e -mail) wabsci @aol.com
Map 2 Overall Integrated Economic Development Area
New map here
WestClay Economic Development Plan
Carmel, Indiana
Purpose of the Economic Development Area Plan
This Economic Development Plan is being developed for the sole purpose of capturing
tax increment revenue from a,a neighborhood serving commercial development proposal
on parcels of land located in the Village of WestClay. These parcels of land are zoned
for commercial services, retaillevelopment, and a continuing care retirement community
(CCRC)�, all to be,located in the southwest quadrant of the intersection of 131
Towne Road. The CCRC,development carries a corporate form of ownership and
generates no school children, thereby making it eligible for the capture of tax increment.
This type of commercial development is designed to enjoy the convenience of services
and retail shopping virtually next door.
The,development at this location consists of approximately 100,000 square feet of
commercial and retail space,, This neighborhood,center is strategically located like,
other similar neighborhood commercial,areas,in,the City of Carmel, consistent with the
polices in the 2020 Comprehensive Plan (as amended). Ibis designed to offer choice and
convenience for the nearby, residents in western Carmel.,
The WestClay ED Area is shown on map 1, provided earlier in this ED Plan. This ED
Area Plan are being developed for the specific purpose of including the WestClay ED
Area Plan into the Integrated Economic Development Plan for the City of Carmel (map
with the integrated findings of fact and integrated economic development polices
previously presented to the public and adopted by the Carmel Redevelopment
Commission (CRC) in 2001 In the,adopted ,Integrated Economic Development Plan,
the CRC set forth,the general policy that the redevelopment of the City Center Area,
including all City Center Redevelopment projects, are considered to benefit th e
community as a whole, having a positive affecting, all economic development throughout
Carmel. This general policy premise is,reasserted in ,creatingthe WestClay ED Area
Plan. To state the case more directly, the CRC hereby offers this ED Plan for public �1
discussion with the specific note that the CRC intends to capture tax increment from the
WestClay ED Area for the purpose of supporting the revenue needed to repay bonds
issued to construct the performing arts center, and other community supporting
infrastructure.
Description of the Proposed Economic Development Area
The proposed WestClay Economic Development Area is „located at the southwest
quadrant of the intersection of 130 Street and Towne Road. The boundaries of the,
WestClay ED Area to be created for the purpose of, capturing TIF increment from, future
commercial development at the Village of WestClay (SW corner of 131st and Towne
Road) are described as follows:
WestClay Economic Development Plan 071120
4
t Formatted: Left
�c.
Deleted: retail
Deleted: for
Deleted:
Deleted: as well as a highly specialized
form of high- density elderly commercial
development,
Deleted: and
Deleted: are
Deleted: high- density elderly
commercial
Deleted: retail
Deleted: which was originally designed
as part of the Village of WestClay.
Deleted: retail
Deleted: competes with the
l Deleted: retail
Deleted: of
Deleted:
Deleted: and
Deleted: capture retail spending in
western
Deleted: Clay Township
Deleted: the
Deleted: previous
Deleted:
Deleted: for public discussion
l Deleted: c
l Deleted: remainder of
Deleted: hereby
Deleted: by the CRC
f Deleted: public
Deleted: consideration of
Deleted: on of
Deleted: generally
Deleted: potential
Deleted: potentially
Deleted: proposed
Beginning at the point of intersection of the west right of way line of Towne Road and the
south right of way line of 131 Street,
then proceeding westward along the south right of way line of 131 Street to the point of
intersection with the eastern boundary of parcel 17- 09- 29- 00 -00- 012.000 (parcel 17 -09-
29-00-00- 012.000 is NOT to be included in the ED Area),
then proceeding southward along the eastern boundary of parcel 17-09-29-00-00-
012.000, to the point of intersection with the southern boundary of parcel 17- 09- 29 -00-
20- 003.000,
then proceeding eastward along the southern boundaries of parcels 17-09-29-00-20-
003.000 and parcels 17- 09- 29- 00 -20- 004.000 to the southeast corner of parcel 17- 09 -29-
00-20- 004.000,
then proceeding directly eastward, across the right of way of Pettigru Drive to the point of
intersection with the western boundary of parcel 17- 09- 29- 00 -14- 010.000,
then proceeding eastward, southward and eastward along the southern and western
boundaries of parcel 17- 09- 29- 00 -14- 010.000 to the point of intersection with the western
right of way line of Towne Road,
then turning northward to the point of beginning.
This legal description is intended to contain the following parcels, according to
the Hamilton County Auditor's website (November 20, 2007):
17- 09- 29- 00 -19- 001.000
17- 09- 29- 00 -19- 002.000
17- 09- 29- 00 -20- 001.000
17- 09- 29- 00 -20- 001.001
17- 09- 29- 00 -20- 001.002
17- 09- 29- 00 -20- 002.000
17- 09- 29- 00 -20- 003.000
17- 09- 29- 00 -20- 003.001
17- 09- 29- 00 -20- 004.000
17- 09- 29- 00 -20- 005.000
17- 09- 29- 00 -14- 010.000
WestClay Retail /Commercial Development Proposal
The Carmel Plan Commission and City Council have approved a retail /commercial
development, at this location within the Village of WestClay. The approved development
will includes a mixed -use retail development with some office, retail and other uses,
specifically targeted for support of residential development located in western Carmel
This project, will be developed with greater intensity than the previous agricultural uses,
the previously planned/approved West Clay residential uses, and was thoroughly
discussed as it moved through the plan commission process, before being approved by
Carmel's City Council.
The previous approval of the West Clay retail by Carmel Plan Commission and Carmel
City Council is interpreted by the CRC as proof in fact of the conformity of this ED
WestClay Economic Development Plan 071120 5
Deleted: as
Deleted: proposal
Deleted: v
Deleted: proposal
Deleted:
Deleted: lay Township, as well as the
city of Carmel and Westfield.
Deleted: development proposal
indicates that the newly developed
parcels
Plan to the overall plan of development for the ED Area, as required by statute. The
CRC believes that it has developed an ED policy process which respects the statutory role
of the Plan Commission in the development process, as well as respecting that similar,
confined role in the ED Area designation and ED Plan approval process.
Economic Development Plan to Become a Part of the Integrated ED Plan
It is the intent of the CRC that this "WestClay Economic Development Plan," (WestClay
ED Plan) and designated "WestClay Economic Development Area," (WestClay ED
Area) will become a part of the Carmel Integrated Economic Development Plan (2001),
as amended. The CRC previously created a series of separate Economic Development
Areas, as well as one redevelopment area (City Center, 1997), and developed an
integrated series of plans and strategies for the purpose of generating complimentary
economic development and redevelopment of these areas throughout the city of Carmel,
both individually and collectively. The CRC has developed (and amended over time to
reflect progress in meeting economic development and redevelopment policies and on
identified projects) an Integrated Economic Development Redevelopment Plan
itemizing the individual strategies and projects from all of these '111 areas, as well
as integrating all projects from all ED RD Areas into a single, functioning whole, with
the central goal of enabling the City of Carmel to utilize TIF revenues from all ED RD
Areas to benefit the City Center redevelopment initiatives.
It is the intent of the CRC that the "WestClay Economic Development Area" will become
a part of the integrated Economic Development and Redevelopment Areas, with all
projects and strategies for the city of Carmel and CRC to be integrated and coordinated
with one another. As such, TIF revenue generated by the WestClay ED Area is extended
the same CRC policy provisions as revenue from the other ED RD Areas, in that TIF
revenues generated within the WestClay ED Area can be used to benefit the City Center
Redevelopment Area, and such use of the TIF revenue in City Center will directly serve
and benefit the WestClay ED Area. Most specifically, the CRC publicly advances the
intent to capture tax increment revenue for the purposes of securing the performing arts
center bonds, in the event that there is a shortfall of such revenue.
Incorporation of Previous Findings
This Economic Development Plan incorporates any and all previous findings of fact and
findings of blight related to previous designations of Economic Development Areas
and /or Redevelopment Areas for the purpose of capturing TIF revenues. As such, in
addition to the specific findings of fact offered below, this Economic Development Plan
also officially incorporates previous findings of fact related to the designation of other
Economic Development Areas covering the affected /designated parcels, as well as the
findings of blight that were previously approved as part of the City Center
Redevelopment Plan.
The incorporation of previous findings is undertaken with the direct intent of enabling the
CRC to supplement the specific findings offered in this WestClay Economic
Development Plan, in the event of legal or public disputes. Any citizen seeking full
WestClay Economic Development Plan 071120 6
documentation of all findings related to this designation should consult this WestClay
Economic Development Plan as well as the Integrated Economic Development Plan and
Redevelopment Plan, as amended and promulgated by the CRC. The Integrated
Economic Development Redevelopment Plans contain all previous ED RD Plans for
the CRC.
WestClay Findings of Fact
Indiana statute IC 36 -7 -14 provides for the formation of an Economic Development Area
in accordance with the following criteria:
1. The plan for the Economic Development Area: promotes significant opportunities for the
gainful employment of its citizens; attracts major new business enterprise to the unit (of
government); retains or expands a significant business enterprise existing in the unit, or;
meets other purposes of redevelopment and economic development.
2. The plan for the Economic Development Area cannot be achieved by regulatory
processes, or by the ordinary operation of private enterprise because of: lack of public
improvements, existence of improvements or conditions that lower the value of and
below that of nearby land; multiple ownership of land; or other similar conditions.
3. The public health and welfare will be benefited by the plan for the economic development
of the 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, or; improve the diversity and economic base or other
similar benefits.
5. The plan for the Economic Development area conforms to other Development and
Redevelopment Plans of the unit.
Finding of Fact #1: "...the plan promotes significant opportunities for the gainful
employment of its citizens; attract major new business enterprise; ...retains or
expands a significant business enterprise existing in the unit...."
Designation of the WestClay Economic Development Area is undertaken for the specific
purpose of capturing proposed commercial retail development into the integrated
economic development areas. The specific target market for this commercial /retail
development is the capture of business activity supported by residential development in
western Carmel, It is estimated that 150 -300 full -time equivalent jobs will be created in
the commercial /retail area captured by the WestClay ED Area designation.
In addition, it is the intent of the City that development in the WestClay EDA attract
complementary new business enterprise to the,West Clay Village Center,,consistent with
the approved plan for the overall Village of West Clay. The CRC is responding directly
to an approved development plan with the full expectation that new employment
opportunities will be captured in this ED Area, and as such, it is determined that the
proposed Economic Development Area meets this statutory finding of fact.
WestClay Economic Development Plan 071120 7
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eastern Eagle Township in Boone
County. and westem Washington
Township in Hamilton County
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other units of government to approve
commerciaUretail development in the
general area
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Finding of Fact #2: "the plan... cannot be achieved by regulatory processes or by
the ordinary operation of private enterprise because of lack of public
improvements... or other similar conditions."
The designation of the WestClay ED Area responds to a series of conditions that relate to
the development of commercial parcels in support of broad -scale residential
development. The original Village of WestClay was approved in 1999 as a `new
urbanism' concept which included a central, commercial /retail area, the Village Center,
consisting of 250,000 square feet of space, The Village Centerplan, was not readily
accepted by the market, and, thus, in 2005 -2006 an amended plan was proposed by the
developer which shifted 100,000 square feet of commercial away from the Village
Center, to the SW quadrant of Towne Road and 131` Street. Thisplan amendment was,
reviewed and approved,by the Carmel Plan Commission and Carmel City Council,,, and
the ED Area designation reflects the final approval.
The City's Economic Development Plans and policies cannot only be achieved through
traditional regulatory processes, or through the normal operation of private enterprise for Deleted:
several reasons. First, the City Center redevelopment projects, as reflected in the
Integrated ED/RD Plan (of which the WestClay ED Plan will become a part) cannot be
accomplished through the normal operation of private enterprise or through the
regulatory process. Obstacles to successful redevelopment are becoming more difficult
as a result of uncoordinated or uninformed, state legislative actions and policies, which
frustrate and elongate redevelopment efforts. These state -level actions add to the
difficulty of achieving successful redevelopment of City Center, and contribute to the
need to draw potential revenues from new development toward the City Center in order
to keep redevelopment plans on track.
Second, while the WestClay developer has provided amplified levels of infrastructure
support in the vicinity of the ED Area, the historic lack of coordinated infrastructure
investment in the broader area of western Carmel has exposed other infrastructure needs
and inadequacies. The City of Carmel is moving to address these problems with new
road construction bonds and major infrastructure projects, and this ED Area designation
is intended to be a part of this comprehensive effort to address the infrastructure needs of
the area. Addressing these infrastructure needs cannot effectively be addressed through
regulatory action or through the normal operation of private enterprise, especially insofar
as a growing portion ocincreased traffic patterns are coming_from outside of the
regulatory jurisdiction of the city of Carmel.
Furthermore, the City Center Redevelopment Area was designated with a full
complement of findings of blight, indicating that the area was suffering from lack of
private investment, urban deterioration and other blighting influences. These findings_
are also hereby incorporated into this economic development plan by reference.
The additional findings of fact necessary to meet the statutory requirements for
designation of the WestClay Economic Development Area are intended to supplement,
rather than replace, the previous findings of fact and findings of blight, which are a part
of the Integrated Economic Development Redevelopment Plan.
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Formatted: Superscript
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The Carmel Redevelopment Commission has undertaken an extended series of planning,
design, and construction projects in central Carmel to create a dynamic environment for
economic development and redevelopment, as a catylist for future private sector
investment and job creation. The City Center Redevelopment Plan clearly stated an
extensive intent on the part of the City of Carmel to develop a broad range of public
improvements to draw economic, recreational and arts activity into the City Center,
possibly including a performing arts center, an art museum, various new streets /roads,
various improvements to existing streets /roads, expansion /enhancement of public parking
facilities, sidewalk and road improvements, and other forms of public improvements.
The,West Clay ED Area designation is intended as, an extension of the previously- stated
policy on the part of the CRC.
The entirety of the CRC economic development strategy depends upon making major
public improvements in order to enable the WestClay Economic Development Area to to
serve its portion of a city with over 60,000 population, and a metropolitan trade area of
nearly 200,000 population. Clearly, the ,public improvements serving the City Center
area when the redevelopment and economic areas were originally established in 1997,
including infrastructure and parking, were designed to serve a small town of less than
2,000 people. Therefore, investment in public infrastructure is required in order to serve
the anticipated growth and developmental of Carmel to a community of,100,000
population or more, anticipated in the adopted 2020 Comprehensive Plan. ,Theneed- for
major public improvements are unlikely to be effectively realized through simple
regulatory enforcement or normal operation of private enterprise.
The sum of these arguments leads to the conclusion that the CRC can only achieve its
economic development, community development and central Carmel redevelopment
goals through the creative application of development partnerships and comprehensive
infrastructure investment. In creating those partnerships, economic development and
redevelopment incentives can be applied to those development proposals which meet the
CRC's criteria and vision, but in no case can the simple operation of private enterprise or
the simple application of regulatory processes lead to a successful outcome. As such, the
proposed WestClay Economic Development Area, as part of the integrated EDA, is
determined to meet this statutory finding of fact.
Finding of Fact #3: "the public health and welfare will be benefited..."
The proposal to create the WestClay Economic Development Area will benefit the public
health and welfare in several ways, as follows:
1. The public welfare will be benefited by providing new jobs and significant opportunities for
employment of the citizens of Carmel, as a result of the proposed developments.
2. The public welfare will be benefited by introducing new opportunities for arts,
entertainment and cultural enhancement in the City Center.
3. The public welfare will be benefited through the development of retail /commercial
business to serve residents of Clay Township, reducing travel time, fuel consumption and
air pollution related to commercial business trips originating in the area.
4. The public welfare will be benefited by creation of new assessed value within the
Economic Development Area.
WestClay Economic Development Plan 071120
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intensity so as
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serve
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5. The public health will be benefited by improvements to safety features and local
transportation and infrastructure which are designed to reduce the incidence and severity
of traffic accidents, including pedestrians struck by vehicles, as well as vehicular
accidents.
6. The public health will be benefited by infrastructure improvements which reduce traffic
congestion and thus improve local air quality.
7. The public health will be benefited by providing enhanced roadway design other
thoroughfare amenities which provides customers with safe access to businesses in the
ED Area.
It has been the CRC's strategy since the 1997 to enhance the quality of life in Carmel by
improving the downtown and City Center area to offer more arts, recreational, and
cultural opportunities to citizens of Carmel and the metropolitan area. Effectively,
"quality of life" and "public health and welfare" are synonymous terms. Therefore, the
CRC hereby asserts that this statutory finding is satisfied.
Finding of Fact #4: accomplishment of the plan will be of public utility... as
measured by: the attraction or retention a permanent jobs; an increase in the
property tax base... or other similar benefits."
The CRC hereby asserts that the accomplishment of this Economic Development Plan,
including its goals, objectives, strategies, and projects, will be of public utility, as defined
in the statute. The approved development will increase the number of permanent jobs in
the ED Area by approximately 150 -300 jobs, as well as supporting the retention of
existing jobs which are already located in the Arts District and City Center.
In addition, it is clear that the approved commercial /retail development will also increase
the property tax base, as well as contribute to,the economic base of the City of Carmel.
These proposed developments. by providing shopping convenience in western Carmel,
help make the community better place to live, and, thus, will help improve the city's
business investment climate, for attractive for new_growth and, retension of a broad
range of new businesses, including small, start-up businesses, major commercial
businesses and arts- related businesses. Many of these businesses could not be attracted
or retained, o iotherwise would not be permitted to grow, without developments such as
this neighborhood retail/commercial development, which make the overall city a better
place to live and work. While Carmel has a number of areas where major new
office /retail development is occurring, including the US 31 Corridor, ,the number of these
neighborhood serving. facilities in the western Clay Township area is extremely limited.
As such, the CRC asserts that the WestClay ED Area Plan meet this statutory
requirement.
Finding of Fact #5: "the plan for the Economic Development Area conforms to
other development and redevelopment plans of the unit."
The CRC hereby asserts that the WestClay Economic Development Plan conforms in
every respect to the other economic development and redevelopment plans for the area.
The Carmel Plan Commission has previously considered and approved the development
of the commercial /retail parcels that comprise the proposed WestClay ED Area. By
virtue of the Plan Commission's approval of this retail /commercial development, the
WestClay Economic Development Plan 071120
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CRC hereby asserts that the Plan Commission and City Council has approved the
development as conforming to the comprehensive plan for the area.
This Economic Development Plan alters none of the previous findings of the Integrated
ED Plan Area. The City and the Plan Commission have worked cooperatively since
the inception of economic development and redevelopment efforts by the CRC. This
Economic Development Plan cannot reasonably be interpreted in any manner that does
not conform to the overall plan of development and redevelopment for the City of
Carmel, and as such, is expected that this statutory finding of fact is satisfied.
Economic Development Strategy
The CRC seeks to designate the WestClay Economic Development Area for the purpose
of promoting the overall economic development and redevelopment strategies and
policies of the CRC. The CRC's strategy for designating this Economic Development
Area is primarily directed at integrating the economic development and redevelopment
activities and policies of the CRC for the entire City.
The CRC has been consistent with regard to its overall economic development and
redevelopment objectives,. Beginning with the original "Integrated Economic
Development Area Plan" and continuing through several subsequent amendments, as
well as the creation of several subsequent ED Areas, the CRC has publicly maintained
their initial economic development and redevelopment strategies. The fundamental
premise of these ED/RD strategies is that in order to combat urban blight caused by
removal of investment and existin substandard infrastructure in Carmel's urban core,
the CRC must implement policies which recognize the interdependence of `suburban'
and `urban' economic development projects. The CRC has consistently taken the
position that an economically unhealthy urban core will cause or contribute to suburban
economic development,leterioratior and therefore that redevelopment projects in City
Center do, in fact, directly benefit the `suburban' economic development areas by
maintaining an economically healthy downtown, and, overall healthy climate for
development investment and job creation
The CRC has sought constructive partnerships with developers possessing the
professional capability to successfully implement development and redevelopment
projects which are compatible with the CRC's vision for the City Center area. This ED
Area designation is therefore consistent with previous and continuing CRC economic
development and redevelopment projects.
Economic Development Projects
The CRC's intent with regard to creation of the WestClay ED Area includes the use of
TIF funds for the following projects in conjunction with the approved retail /commercial
development.
WestClay Economic Development Plan 071120
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Cost item
Estimated cost (min /max)
Potential revenue support for City Center projects
$1 million to $3 million
Thoroughfare Corridor Improvements
$500,000 to $1 million
Ingress /Egress provisions
(including handicapped access)
$100,000 to $500,000
Other infrastructure support
$100,000 to $500,000
Preliminary Subtotal of Estimated Project Costs
$1.7 million to $5 million
In addition to the economic development projects presented above, the CRC
acknowledges that potential future TIF revenues can be used to support redevelopment
projects undertaken by the CRC in the City Center Area, and that such use of the excess
I'll revenues will directly serve and benefit the WestClay ED Area, in accordance with
statutory requirements.
/crc WestClay ed plan
WestClay Economic Development Plan 071120
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