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HomeMy WebLinkAboutCommitments COMMITMENTS CONCERNING THE USE AND DEVELOPMENT OF REAL ESTATE J.C. Hart Company, Inc. (the "Developer the contract purchaser of the real estate located in Hamilton County, Indiana, and described in Exhibit A (the "Real Estate makes the following commitments to the Carmel Advisory Plan Commission (the "Plan Commission regarding the use and development of the following described real estate (the "Real Estate located in Hamilton County, Indiana: Section 1. Description of Real Estate: Attached hereto and incorporated herein by reference as Exhibit A is the legal description of the real estate (the "Real Estate Section 2. Docket No.: 10060012 DPIADLS Section 3. Statement of Commitments: A. On September 21, 2010, the Plan Commission approved the Real Estate's Development Plan Architectural Design, Exterior Lighting, Landscaping and Signage (DP /ADLS), Docket No. 10060012 DP /ADLS (the "Development Plan B. If the City of Carmel constructs 117 Street along the Real Estate's north property line, then the Developer shall construct, at its cost, the entrance and sidewalk connection to 117 Street at the locations shown on the Site Plan, attached hereto as Exhibit B. Section 4. Binding Effect A. These commitments are binding upon the Developer, each subsequent owner of the Real Estate and each other person acquiring an interest in the Real Estate, unless modified or terminated. B. These commitments may be modified or terminated only by a decision of the Carmel Plan Commission following a public hearing held by the Plan Commission wherein notice has been given as provided by the Plan Commission's rules. Page 1 of 4 BDDBO] 4564089v5 Section 5. Effective Date The conunitments contained herein shall be effective upon the occurrence of all of the following: A. Approval of the Development Plan and ADLS by the Plan Commission of Carmel, Indiana identified in Docket No. 10060012 DP /ADLS; B. The acquisition of the Real Estate by the Developer or its successors and assign; and C. The commencement of the development of the Real Estate pursuant to approvals obtained under Docket No. 10060012 DP /ADLS. Section 6. Recording The undersigned hereby authorizes the City to record these commitments in the Office of the Recorder of Hamilton County, Indiana. Section 7. Enforcement These commitments may be enforced by the Plan Commission. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS] Page 2 of 4 BDDBOI 4564089v5 IN WITNESS WHEREOF, J.C. Hart Company, Inc., an Indiana corporation, has caused this commitment to be executed as of the day of 2010. J.C. Hart Company, Inc. By: John Hart, President STATE OF INDIANA SS: COUNTY OF HAMILTON Before me the undersigned, a Notary Public in and for said County and State, personally appeared John Hart, of J.C. Hart Company, Inc., who having been duly sworn acknowledged the execution of the foregoing Commitments. Witness my hand and Notarial Seal this day of 2010. My Commission Expires: Notary Public Printed. Residing in Hamilton County I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security Number in this document, unless required by law: Jesse M. Pohlman. Prepared by: Steven D. Hardin, Attorney at Law, Baker Daniels, LLP Jesse M. Pohlman, Land Use Consultant, Baker Daniels, LLP 600 East 96th Street, Suite 600, Indianapolis, IN 46240 (317) 569 -9600. Page 3 of 4 BDDBOI 4564O89v5 EXHIBIT A REAL ESTATE A PART OF THE SOUTHWEST QUARTER OF SECTION 36, TOWNSHIP 18 NORTH, RANGE 3 EAST OF THE SECOND PRINCIPAL MERIDIAN, HAMILTON COUNTY, INDIANA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID QUARTER; THENCE SOUTH 88 DEGREES 49 MINUTES 34 SECONDS WEST (ASSUMED BEARING) ALONG THE SOUTH LINE OF THE SOUTHEAST QUARTER OF SECTION 35, TOWNSHIP 18 NORTH, RANGE 3 EAST A DISTANCE OF 23.00 FEET; THENCE NORTH 01 DEGREES 10 MINUTES 26 SECONDS WEST 100.00 FEET TO THE INTERSECTION OF THE NORTH RIGHT -OF -WAY LINE OF 116th STREET AND THE EAST RIGHT -OF -WAY LINE OF COLLEGE AVENUE, SAID POINT BEING A POINT OF NON TANGENTIAL CURVATURE HAVING A RADIUS OF 707.65 FEET, THE RADIUS POINT OF WHICH BEARS NORTH 88 DEGREES 49 MINUTES 34 SECONDS EAST; THENCE NORTHEASTERLY ALONG SAID CURVE (AND EAST RIGHT -OF -WAY LINE OF COLLEGE AVENUE) AN ARC DISTANCE OF 247.30 FEET, THE CHORD OF WHICH BEARS NORTH 08 DEGREES 50 MINUTES 15 SECONDS EAST A CHORD DISTANCE OF 246.04 FEET; THENCE NORTH 18 DEGREES 17 MINUTES 09 SECONDS EAST ALONG SAID EAST RIGHT -OF -WAY 44.55 FEET TO THE POINT OF BEGINNING: THENCE CONTINUING NORTH 18 DEGREES 17 MINUTES 09 SECONDS EAST ALONG SAID EAST RIGHT -OF -WAY 55.45 FEET; THENCE NORTH 18 DEGREES 51 MINUTES 31 SECONDS EAST ALONG SAID EAST RIGHT -OF -WAY 71.39 FEET TO A POINT OF TANGENTIAL CURVATURE HAVING A RADIUS OF 162.00 FEET, THE RADIUS POINT OF WHICH BEARS NORTH 71 DEGREES 08 MINUTES 29 SECONDS WEST; THENCE NORTHWESTERLY ALONG SAID CURVE AND EAST RIGHT -OF -WAY AN ARC DISTANCE OF 136.73 FEET, THE CHORD OF WHICH BEARS NORTH 05 DEGREES 19 MINUTES 13 SECONDS WEST A CHORD DISTANCE OF 132.71 FEET; THENCE NORTH 29 DEGREES 29 MINUTES 57 SECONDS WEST ALONG SAID RIGHT -OF -WAY 111.19 FEET; THENCE NORTH 89 DEGREES 09 MINUTES 48 SECONDS EAST 596.85 FEET; THENCE NORTH 00 DEGREES 22 MINUTES 52 SECONDS WEST 58.02 FEET; THENCE NORTH 89 DEGREES 09 MINUTES 48 SECONDS EAST PARALLEL TO THE SOUTH LINE OF SAID SOUTHWEST QUARTER SECTION 220.00 FEET; THENCE SOUTH 00 DEGREES 22 MINUTES 52 SECONDS EAST 443.17 FEET; THENCE SOUTH 89 DEGREES 53 MINUTES 52 SECONDS WEST 515.73 FEET TO A POINT OF TANGENTIAL CURVATURE HAVING A RADIUS OF 1500.00 FEET, THE RADIUS POINT OF WHICH BEARS NORTH 00 DEGREES 06 MINUTES 08 SECONDS WEST; THENCE NORTHWESTERLY ALONG SAID CURVE AN ARC DISTANCE OF 249.87 FEET, THE CHORD OF WHICH BEARS NORTH 85 DEGREES 19 MINUTES 48 SECONDS WEST A CHORD DISTANCE OF 249.58 FEET; THENCE NORTH 80 DEGREES 33 MINUTES 29 SECONDS WEST 28.65 FEET TO THE POINT OF BEGINNING, CONTAINING 6.95 ACRES, MORE OR LESS. SUBJECT TO ALL RIGHT -OF -WAYS, EASEMENTS, AND OTHER RESTRICTIONS OF RECORD. Page 4 of 4 BDDB01 4564089v5