HomeMy WebLinkAboutCARMEL CITY CENTER COMM DEV CO- 001244- 10/21/2010 CARAIL REDEVELOPMENT COMMISSION 001244
l
Carmel City Center Comm Dev Co Check: 1244
% Rich Taylor-Nat'l Bank of In Date: 10/2112010
650 East Carmel Dr-Suite 100 Vendor: CCCCDC
Indianapolis, IN 46032
Prior
Invoice P.O. Num. Invoice Amt Balance Retention Discount Amt. Paid
081810 85,000.00 70,000.00 0.00 0.00 70,000.00
Grant for further development _
85,000.00 70,000.00 0.00 0.00 70,000.00
ItCarmel Redevelopment Commission REGIONS - 00124.4
30 West Main Street AIL
Suite 220 20.14211740
°LTRIYRE L t Carmel, IN 46032 .
�S
1244
• DATE AMOUNT
10/21/2010 70,000.00
PAY THE SUM OF SEVENTY THOUSAND DOLLARS
TO THE
' i ORDER I
OF Carmel City Center Comm Dev Co id'
% Rich Taylor-Nat'l Bank of In 0:,sE"4',% f 0
650 East Carmel Dr-Suite 100 c .
Indianapolis, IN 46032 14'4,?EAT"
•
11'00L24411' 1:0740 ill 2L31: 0087504LLLii'
CARMEL REDEVELOPMENT COMMISSION 001244
Carmel City Center Comm Dev Co Check: 1244
% Rich Taylor-Nat'l Bank of In Date: 10/21/2010
650 East Carmel Dr-Suite 100 Vendor: CCCCDC
Indianapolis, IN 46032
Prior
Invoic P.O. Num, Invoice Amt Balance Retention Discount Amt. Pak
081810 85,000.00 70,000.00 0.00 0.00 70,000.0(
Grant for further development
85,000.00 70,000.00 0.00 0.00 70,000.01
CITY OF CARMEL REDEVELOPMENT COMMISSION
RESOLUTION NO. -2010
•
WHEREAS, Carmel City Center Community Development Corporation ("4CDC") is a
community development corporation formed for the purpose of constructing, rehabilitating, and/or repairing
commercial property within the district;
WHEREAS,4CDC has adopted and established a grant program (the "Program") to permit
4CDC to construct, rehabilitate, and/or repair commercial property within the Carmel Arts & Design District
(the "District");
• WHEREAS, pursuant to IC § 36-7-14-12.2(26), CRC may provide financial assistance
(including grants and loans) to community development corporations to permit community development
corporations like 4CDC to construct, rehabilitate, or repair commercial property within the District;
WHEREAS, CRC desires to make a grant to 4CDC in an amount not to exceed $85,000.00,
which grant shall be in furtherance of the Program and for purposes consistent with IC §36-7-14-12.2(26)(the
"Grant"); and
WI-tcREAS, the Grant will be made and administered puLsuent to. a grant agreement
executed by and beEti■eeh CRC and 4CDC, which Grant Agreement will give CRC general oversight of the
Program as funded by CRC (the "Grant Agreement"); •
NOW, THEREFORE, BE IT RESOLVED THAT:
1. CRC hereby authorizes the making of the Grant.
2. Ronald E.Carter,as President of CRC,hereby is authorized to execute the Grant Agreement and any
and all other documents relating to the making, administration, pledge, and/or assignment of the Grant
(collectively,the"G rant Documents"),which Grant Documents shall be on terms and conditions:(a)consistent
with this Resolution; and (b) otherwise as determined by Ronald E. Carter, as President of CRC, to be
necessary or appropriate.
3. Ronald E. Carter, as President of CRC, hereby is authorized to delegate the execution of the Grant
Documents to another member of CRC in his absence.
4. Upon execution of the Grant Agreement, the Treasurer of CRC is authorized to fund the full amount
of the Grant to the applicable 4CDC account as directed by 4CDC.
Passed by the City of Carmel Redevelopment Commission this 18t"day of August, 2010, by
a vote of_ ayes and _ nays.
CITY OF CARMEL REDEVELOPMENT C.MMI 4 fr
By: •
rRoonall E, i . ter, Pr-!relent
By: V V 1_A If pa rat
/� O/ illiam mm=r, --• —
Director of Redevelopment By: 1111 1 �j
:
D fa/ /37 ado,co .
roly r er, ecre Lary fF
�/, 7 O,DOd-oo $Y' 0 { ill,
I5d(arl<P __.
eff f -II
By: ------ ,��
Thomas Crowley `n
2,I1Do umanlswNltmeJiap,RyonLCRCIDanzl BApproval of App Gran!
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