HomeMy WebLinkAboutCRC-2011-2 Amend Bylaws for 4CDCCITY OF CARMEL REDEVELOPMENT COMMISSION
RESOLUTION NO. -2011
WHEREAS, Carmel City Center Community Development Corporation ( "4CDC ") is a
community development corporation formed for the purpose of constructing, rehabilitating, and/or repairing
commercial property within the district;
WHEREAS, 4CDC desires to amend the Bylaws of Carmel City Center Community
Development Corporation (the "Bylaws ") to require: (a) disclosure by each member of the 4CDC Board of
Directors (the "Board ") of certain pecuniary interests; and (b) any member of the Board with a pecuniary
interest in a matter involving the Board or 4CDC to refuse to take final action on such matter (collectively, the
"Amendment to Bylaws ");
WHEREAS, the Bylaws require that any amendment thereto shall be approved in writing by
The City of Carmel Redevelopment Commission ( "CRC "); and
WHEREAS, 4CDC seeks CRC's written approval of the Amendment to Bylaws;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. CRC hereby approves the Amendment to Bylaws.
2. The President of CRC (the "President ") hereby is authorized to execute any and all notices,
certificates, documents, or instruments required by, or relating to, the Amendment to Bylaws (collectively, the
"CRC Documents "), which CRC Documents shall be on terms and conditions: (a) consistent with this
Resolution; and (b) otherwise as determined by the President to be necessary or appropriate.
2. The Vice President of CRC hereby is authorized to execute any of the foregoing in the President's
absence.
Passed by the City of Carmel Redevelopment Commission this 16th day of March, 2011, by
a vote of `'"i' ayes and ( nays.
CITY OF CARMEL REDEVELOPMENT COMMISSIO
1. f 1.111401Mii AO
*0,4- , rr Wsident
By:
Br
Carolyn E. Anker, Vice President
W illiani
By:
Jeff Worrell, Secretary
Bradley R. e.y.e.-
David C. Bowers
Z1Documents\Shoup, Jenny\City of CarmehResolutions\Approval of
Amendment to 4CDC 8ylaws.wpd