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HomeMy WebLinkAboutCRC-2012-11 Amend ED Plan/Parkwood EDA RESOLUTION NO. 2012-11 RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION AMENDING THE ECONOMIC DEVELOPMENT PLAN FOR THE PARKWOOD ECONOMIC DEVELOPMENT AREA WHEREAS, the City of Carmel Redevelopment Commission (the "Redevelopment Commission"), governing body of the City of Carmel Department of Redevelopment (the "Department"),on January 10,2001,adopted its Resolution No.3-2001 (as subsequently confirmed and amended,the"Declaratory Resolution")establishing an economic development area known as the "Parkwood Economic Development Area" (the "Area"), and approving an economic development plan for the Area(as subsequently amended,the"Plan"),pursuant to Indiana Code 36- 7-14, as amended (the "Act"); and WHEREAS,the Redevelopment Commission now desires to amend the Plan by adopting the Amendment to the Plan attached hereto as Exhibit A (the "Plan Amendment"); and WHEREAS,the Plan Amendment and supporting data were reviewed and considered at this meeting; and WHEREAS, Sections 41 and 43 of the Act have been created to permit the creation of "economic development areas" and to provide that all of the rights, powers, privileges and immunities that may be exercised by this Redevelopment Commission in a redevelopment area or urban renewal area may be exercised in an economic development area, subject to the conditions set forth in the Act; and WHEREAS,this Redevelopment Commission deems it advisable to apply the provisions of said Sections 41 and 43 of the Act to the Plan Amendment. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF CARMEL REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF CARMEL DEPARTMENT OF REDEVELOPMENT, as follows: 1. The Plan Amendment promotes significant opportunities for the gainful employment of the citizens of the City of Carmel,Indiana(the"City"),and meets other purposes of Sections 2.5, 41 and 43 of the Act, including without limitation benefiting public health, safety and welfare, increasing the economic well being of the City and the State of Indiana, and serving to protect and increase property values in the City and the State. 2. The Plan Amendment cannot be achieved by regulatory processes or by the ordinary operation of private enterprise without resort to the powers allowed under Sections 2.5,41 and 43 of the Act because of lack of local public improvement. —1— 3. The public health and welfare will be benefited by accomplishment of the Plan Amendment. 4. The accomplishment of the Plan Amendment will be a public utility and benefit as measured by the attraction or retention of permanent jobs, an increase in the property tax base, improved diversity of the economic base and other similar public benefits. 5. The Plan Amendment conforms to other development and redevelopment plans for the City. 6. The Redevelopment Commission does not propose to acquire any land or interests in land in connection with the Plan Amendment. 7. The Redevelopment Commission finds that no residents of the Area or the City will be displaced by the project resulting from the Plan Amendment, and therefore finds that it does not need to give consideration to transitional and permanent provisions for adequate housing for the residents. 8. It will be of public utility and benefit to amend the Plan by adopting the Plan Amendment. The boundaries of the Area will remain unchanged by the adoption of the Plan Amendment. The projects set forth in the Plan Amendment will directly serve and benefit the Area and promote economic development activity in the Area, as further described in the Plan Amendment. The Department will be permitted to engage in the activities necessary to design, construct and equip the projects set forth in the Plan Amendment. 9. The Redevelopment Commission hereby adopts the specific findings set forth in the Plan Amendment as set forth in Exhibit A, and the Plan Amendment is hereby in all respects approved. 10. The Commission hereby finds and determines that the Plan Amendment is reasonable and appropriate when considered in relation to the original Plan and the purposes of the Act,and that the Plan, with the Plan Amendment, conforms to the comprehensive plan for the City. I I. This Resolution shall be submitted to the Plan Commission and the Common Council of the City as provided in the Act, and if approved by the Plan Commission and the Common Council shall be submitted to a public hearing and remonstrance as provided by the Act,after public notice as required by the Act. 12. The officers of the Commission are hereby authorized to make all filings necessary or desirable to carry out the purposes and intent of this Resolution. 13. The provisions of this Resolution shall be subject in all respects to the Act and any amendments thereto. —2— Adopted the 19t day of December, 2012. CITY OF CARMEL REDEVELOPMENT COMMISSION President vim' 4 Vice President Secrete A�! . ARK. ..:1/ Member Member —3— EXHIBIT A Plan Amendment The Economic Development Plan for the Parkwood Economic Development Area is hereby amended to incorporate the Plan into the Integrated Economic Development Plan & Amended Redevelopment Plan (the "Integrated Plan") previously adopted by the Commission. Projects set forth in the Integrated Plan are hereby added as eligible projects to be funded,financed or refinanced under the Plan, including without limitation the City Center related projects described therein. The Commission hereby finds and determines that the projects set forth in the Integrated Plan,including without limitation the City Center related projects, directly serve and benefit the Parkwood Economic Development Area. INDSO I BDD 137301]v 1 —4—