HomeMy WebLinkAboutCC-06-03-13-01 FAILED - Recovery Tax CreditRESOLUTION CC- 06- 03 -13 -01
(FORMERLYCC- 04- 15- 13 -06)
SPONSOR: Councilor Rider
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIA A,
GRANTING APPROVAL TO SUBMIT AN APPLICATION UNDER THE INDUST ° AL
RECOVERY TAX CREDIT STATUTE
WHEREAS, under Section 18(a) of the Industrial Recovery Tax Credit Stat%t . diana Code 6-
3.1-11 (the "Act "), the Common Council of the City of Carmel (the "Common o 1 ") must grant the
Mayor of the City of Carmel (the "Mayor ") approval to submit an application urOr e Act; and
WHEREAS, the Mayor desires to submit an application under t,�>ct o designate an area in the
City of Carmel (the "City "), depicted on Exhibit A (the "Area "), attached7h -. eto and incorporated herein
by this reference, as an industrial recovery site within the me of the Ar`; and
WHEREAS, the designation of the Area as an i
public utility and benefit because it would result in pot
they redevelop the site; and
ry site under the Act would be of
ers being eligible for a tax credit if
WHEREAS, the tax credit would fost r d:velop ent at would provide significant opportunities
for gainful employment of the City's citizens, trait : jor ew business enterprises to the City, retain or
expand business enterprises existing in bou ari -s o.' the City, increase the property tax base of the
Area, improve the economic condition th City, an meet other purposes of the Act, including benefit
the public's safety and welfare; a r d
WHEREAS, redevel• .ment of the s less likely to be achieved by the regulatory process or
by the ordinary operation of private enterprise Y ithout the incentive provided under the Act; and
WHEREAS, the Common( Coun '' grants approval to the Mayor to submit an application under
the Act to designate the Area, or .ny portion thereof, as an industrial recovery site and pursue the tax
credits within the meaning of the Ac
NOW, THEREFORE, E IT RESOLVED by the Common Council of the City of Carmel,
Indiana, as follows:
Section 1. The fo ~going Recitals are incorporated herein by this reference.
Section 2. T Mayor is hereby in all respects approved to submit an application under the Act.
Section 3 This Resolution shall take effect immediately upon adoption.
Page One o wo Pages
is Resolution was prepared by Ashley M. Ulbricht, Carmel City Attorney, on 4/4/13 at 4:42 p.m. No subsequent
revision to this Resolution has been reviewed by Ms. Ulbricht for legal sufficiency or otherwise.
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SPONSOR: Councilor Rider
PALE I,
r
f1fr&EB by the Common Council of the Cit of Carmel, Indiana, this 3 day of
k k_ , 2013, by a vote of o- ayes and j nays.
COMMON COUNCIL FOR THE CITY OF C
Presiding Officer
O PPb s I�
Richard L. Sharp, President Pro Tempore
No-v- PR.eSEN 1
Ronal _E. Garter
Sue
Diana L. Cordray, IAMC, Clerk- Treasui�ie
EL
1'
r
Kevin D. Rider
o Ppose h
Carol Schleif
P -Pasof
W. Eric Seidensticker
PPesc1O
Luci Snyder
Presented by me to the Mayor of the City of Carmel, Indiana this day of
2013, at .M.
Diana L. Cordray, IAMC, Clerk - Treasurer
Approved by me, the Mayor of the City of Carmel, Indiana, this day of
2013, at .M.
James Brainard, Mayor
ATTEST:
Diana L. Cordray, IAMC, Clerk - Treasurer
Resolution No. CC- 04- 15 -13 -06
Page Two of Two Pages
This Resolution was prepared by Ashley M. Ulbricht, Carmel City Attorney, on 4/4/13 at 4:42 p.m. No subsequent
revision to this Resolution has been reviewed by Ms. Ulbricht for legal sufficiency or otherwise.
[ \ \issvrapps l \User Data - Other Depts \CiVfine \LFine D Drive \Files\ Resolutions \2013 \CC- 06- 03 -13 -01 (formerly CC- 04- 15- 13 -06) doc5 /31/2013 12 08 PM]
EXHIBIT A
1. No Parcel # - City ROW
2. 16.09 - 25.04- 05003.000
3. 16- 09- 25- 04 -05- 004.000
4. 46-09-25-04-05-006.000
5. 16- 09- 25- 04- 05- 005.000
6. 46-09-25-04-05-007.000
7. 16-09-25-04-05-008.000
8. 16- 09-25 - 04-05- 01.000
9. 6- 09- 25- 04 -05- 009.000
10. 1' 6:- 09- 25- 00- 00 -0'1� 5.101