HomeMy WebLinkAboutBPW-04-17-13-01-Granting Approval to include Real Property in an Application for Industrial Recovery Tax Credit RESOLUTION NO. BPW-04-17-13-01
RESOLUTION OF THE CITY OF CARMEL BOARD OF PUBLIC WORKS AND SAFETY
GRANTING APPROVAL TO INCLUDE REAL PROPERTY IN AN APPLICATION
FOR THE INDUSTRIAL RECOVERY TAX CREDIT
WHEREAS, under the Industrial Recovery Tax Credit Statute, Indiana Code 6-3.1-11 (the
"Act"), the Mayor of the City of Carmel, Indiana (the "Mayor"), desires to submit an application under
the Act; and
WHEREAS, the Mayor desires to include an area in the City of Carmel, Indiana (the "City"),
depicted on Exhibit A (the "Area"), attached hereto and incorporated herein by this reference, as an
industrial recovery site within the meaning of the Act; and
WHEREAS, certain parcels of land within the Area identified on the attached Exhibit A as
numbers "1", "4" and "6" are owned by the City; and
WHEREAS, the designation of the Area as an industrial recovery site under the Act would be of
public utility and benefit because it would result in potential developers being eligible for a tax credit fi
they redevelop the site; and
WHEREAS, the tax credit would foster development that would provide significant opportunities
for gainful employment of the City's citizens, attract major new business enterprises to the City, retain or
expand business enterprises existing in the boundaries of the City, increase the property tax base of the
Area, improve the economic condition of the City, and meet other purposes of the Act, including benefit
the public's safety and welfare; and
WHEREAS, redevelopment of the Area is less likely to be achieved by the regulatory process or
by the ordinary operation of private enterprise without the incentive provided under the Act; and
WHEREAS, the Board of Public Works and Safety grants approval to the Mayor to include the
parcels within the Area that are owned by the City in the application for the industrial recovery site
designation and tax credits within the meaning of the Act.
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Board of Public Works and
Safety as follows:
1. The foregoing Recitals are incorporated herein by this reference.
2. The Mayor is hereby in all respects approved to include the parcels owned by the City of
Carmel in the application Area under the Act.
3. This Resolution shall take effect immediately upon adoption.
Page One of Two Pages
This Resolution was prepared by Ashley M. Ulbricht, Carmel Assistant City Attorney, on 04/08/13 at 10:07 a.m. No
subsequent revision to this Resolution has been reviewed by Ms. Ulbricht for legal sufficiency or otherwise.
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SO RESOLVED this It day of 4vl I , 2013.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
BY:
James Brainard, Pres ing Officer
Date:
)7// iLtL
Mary A(nn Burkg,,Member
Date:
r)fe
Lori S. Watso , embr
Date: y/ (7 /(3
ATTE T: ,f
ana
Cordray, IMO' , Clerk-Treasurer
ate: LL-/7-13
Board of Works Resolution No. BPW-04-17-13-01
Page Two of Two Pages
This Resolution was prepared by Ashley M. Ulbricht, Carmel Assistant City Attorney, on 04/08/13 at 10:07 a.m. No
subsequent revision to this Resolution has been reviewed by Ms. Ulbricht for legal sufficiency or otherwise.
BAE Bass'Iy DOCNnen613PW-Resolu4ons 2013\30W-04-1713-01 Approve Real Prop-App for Induseial Recovery Tax Credit tlucx4/P/201310':11 AM
Page I of I
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