HomeMy WebLinkAboutCRC-2013-01 Industrial Recovery Tax Credit RESOLUTION NO. 2C
RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION 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 "2", "3" and "5" are owned and/or controlled by the City of Carmel Redevelopment Commission
(the "Commission"); 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 if
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 Commission grants approval to the Mayor to include the parcels within the Area
that are owned by the Commission in the Mayor's 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 Cannel Redevelopment Commission
as follows:
1. The foregoing Recitals are incorporated herein by this reference.
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.
$:101 redev commlResoafons120131Resofudon 2013-1-Approve Real Prop-App for Industrial Recovery Tax Credit docx4/162013 11:38 AM
2. The Mayor is hereby in all respects approved to include the parcels owned and/or controlled by
the Commission in the application Area under the Act.
3. This Resolution shall take effect immediately upon adoption.
SO RESOLVED this 1-1`1'''' day of P )v- ( , 2013.
CARMEL REDEVELOPMENT COMMISSION
BY:
William Hammer, President
Date:
I ',
David C. Bowers, Vice President
Date:
Bradley F. Meyer,_ -cretary
Date: ./!
.1.11,4 lArAffillir
Tom Crowley, Member
Date:
t
Jeff o•ee /
Date. 1 2/1
CRC Resolution No. -'ib)3._ 1
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.
5:101 redev corturaResolutions120131.Resohition 2013-1-Approve Real Prop-App for Industrial Recovery Tax Credit docx4116/2013 11:38 AM
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