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HomeMy WebLinkAboutCommitments - Draft 7-23-04 ;j" :J.' 1 st Draft: 7/23/04 COMMITMENTS CONCERNING THE USE AND DEVELOPMENT OF REAL ESTATE Eden Land Company, Inc. (hereafter, "Eden"), the contract purchaser of the real estate located in Hamilton County, Indiana, and described in what is attached hereto and incorporated herein by referenced as Exhibit "A" (the "Real Estate"), makes the following Commitments (the "Commitments") to the City of Carmel Plan Commission (the "Plan Commission") and the Common Council of the City of Carmel, Indiana (the "Council") for the Monon & Main development. Section 1. Cross Reference. These Commitments are made in connection with approvals obtained under Docket Number and Ordinance Number Section 2. reference: Exhibits. The following exhibits are attached hereto and incorporated herein by Exhibit "A". Attached hereto and incorporated herein by reference as Exhibit "A" is the legal description of the real estate (the "Real Estate"); Exhibit "B". Attached hereto and incorporated herein by reference as Exhibit "B" is a Schedule of Permitted Uses pertaining to the use and development of the Real Estate (the "Schedule of Permitted Uses). Section 3. Definitions. Different words and terms are defined throughout these Commitments and, further, the following definitions shall apply throughout these Commitments: 1. Multi Family Dwelling. The term "Multi Family Dwelling" shall mean and refer to a condominium unit and/or townhome; 2. Developer. The term "Developer" shall mean and refer to Eden, and its successors and assIgns. 3. Condominium Association. The term "Condominium Association" shall mean and refer to the non-profit corporation established by the Developer per the terms of the Condominium Declaration. 4. Condominium Declaration. The term "Condominium Declaration" shall mean and refer to the Condominium Declarations of Covenants, Conditions, and Restrictions prepared and recorded by the Developer, with the Recorder of Hamilton County, Indiana, for the Real Estate. 5. Live/Work Unit. The term "Live/Work Unit" shall mean and refer to a Multi Family Dwelling which may also include any of the following uses: General Offices; Professional Offices; General Retail Sales; Art Gallery; Restaurant, w/out drive-thru food sales. Section 4. Bindine on Successors These Commitments are binding on the Owner of the Real Estate, each subsequent Owner of the Real Estate, and each other person acquiring an interest in the Real Estate, unless modified or terminated by the Commission. These Commitments may be modified or terminated only by a decision of the Plan Commission after a public hearing wherein notice as provided by the rules of the Plan Commission has been made. The provisions of this paragraph 12 notwithstanding, these Commitments shall terminate as to any part or parts of the Real Estate hereafter reclassified (rezoned) on the Town's Official Zone Map. Section 5. Effective Date The Commitments contained herein shall be effective upon the occurrence of all of the following events: 10 The adoption of an ordinance by the Common Council of the City of Carmel, Indiana, assigning the requested rezone classification to the Real Estate; 2. The acquisition of the Real Estate by Eden or its successors and assigns; and 3. The commencement of the development of the Real Estate in accordance with the assignment of the requested rezone classification. Section 6. Recordinl! The undersigned hereby authorizes the Secretary of the Commission to record these Commitments in the Office of the Recorder of Hamilton County, Indiana. Section 7. Enforcement These Commitments may be enforced by the Commission and the Common Council of the City of Carmel, Indiana and any property owner within or immediately adjacent to the Real Estate. 2 IN WITNESS WHEREOF, these Commitments to be executed as of the date first written above. , has caused By: STATE OF INDIANA ) ) SS: COUNTY OF MARION ) Before me the undersigned, a Notary Public in and for said County and State, personally appeared , and having been duly sworn, acknowledged execution of the foregoing Commitments. Witness my hand and Notarial Seal this day of , 2004. My Commission Expires: Notary Public Residing in County Printed Name Prepared By: Charles D. Frankenberger and James E. Shinaver, Nelson & Frankenberger, 3105 East 98th Street, Suite 170, Indianapolis, Indiana 46280 (317) 844-0106. 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EXHIBIT "B" The following is a Schedule of Permitted Uses pertaining to the use and development of the Real Estate: RESIDENTIAL Multiple Family Dwelling Home Occupation Boarding or Lodging House N ursing/Retirement/Convalescent Facility Live/W ork Unit OFFICE Clinical or Medical Health Center Research Laboratory /F acility General Offices Professional Offices INSTITUTIONAL Church/Temple/Place of Worship Hospital Library Post Office Public Service Facility EDUCATIONAL School, Trade or Business College or University Day Nursery/Day Care Kindergarten/Preschool RETAIL & SER VICE General Retail Sales General Service Automobile Service Station Automobile/Truck Repair (indoor) Dry Cleaning Establishment (w/ on-site plant) Dry Cleaning Establishment (w/out on-site plant) Equipment Sales/Repair (indoor) Financial Institution ATM. Funeral Home/Mortuary/Crerilatory Recreational Vehicle/Mobile Home Sales Roadside Sales Stand Self-Service Laundry Veterinary Hospital w/out commercial kennel Wholesale Sales .~ .. t. · ... .~ CULTURAL/ENTERTAINMENT Art Gallery Art & Music Center Carnivals, Fairs, Circuses, etc. Hotel Hotel (full service) Indoor Theater Catering Establishment Restaurant, w/out drive-thru food sales Meeting or Party Hall Tavern/Night Club INDUSTRIAL Storage and/or Sale of Petroleum Products Printing/Publishing Establishment AGRICULTURAL USES Plant Nursery General Agriculture RECREATIONAL Commercial Recreational Facility, Indoor Commercial Recreational Facility, Outdoor Country Club Golf Course Private Club or Lodge Private Recreational Facility Park, Public Shooting Gallery MISCELLANEOUS Artificial Lake or Pond. (non-platted) Cemetery Commercial Parking Lot TRANSPORTATION & COMMUNICATION Collocated Antenna Radio and/or Television Studio Radio/Television Transmission Antenna Radio/Television Transmission Tower Tower .MotorBus or Railroad Passenger Station