HomeMy WebLinkAboutCRC-2012-07 Restructure 4CDC Board CITY OF CARMEL REDEVELOPMENT COMMISSION
RESOLUTION NO. _f_-2012
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 Articles of Incorporation of Carmel City Center •
Community Development Corporation (the "Articles") to increase the number of members of the Board of
Directors of 4CDC (the "Board") from three to four, with one member of the Board appointed by each of:
(a)the Mayor of the City of Carmel, Indiana (the "City"); (b)the City of Carmel Redevelopment Commission
("CRC"); (c)the City of Carmel Board of Public Works ("BPW"); and (d)the Common Council of the City(the
"Common Council") (collectively, the "Amendment to Articles");
WHEREAS, 4CDC further desires to amend the Bylaws of Carmel City Center Community
Development Corporation (the "Bylaws")to increase the number of members of the Board from three to four,
with one member of the Board appointed by each of: (a)the Mayor of the City; (b)CRC; (c)BPW; and (d)the
Common Council;
WHEREAS,the Articles require that any amendment thereto shall be approved in writing by
CRC;
WHEREAS,both the Articles and the Bylaws require that any amendment to the Bylaws shall
be approved in writing by CRC; and
WHEREAS, 4CDC seeks CRC's written approval of: (a) the Amendment to Articles; and
(b) the Amendment to Bylaws;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. CRC hereby approves: (a) the Amendment to Articles; and (b) 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: (a) the Amendment to Articles; and/or
(b)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.
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David C. Bowers, Vice President
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