Resolution 26-2004 IL Street Project/Purchase 302 Pintail CourtRESOLUTION NO. 26 -2004
A RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT COMMISSION
EXPRESSING INTEREST IN THE PURCHASE OF CERTAIN PROPERTIES IDENTIFIED IN
AND ASSOCIATED WITH THE CARMEL REDEVELOPMENT COMMISSION'S 2004
ILLINOIS STREET BOND PROJECT
WHEREAS, on May 18, 2004, the Carmel Redevelopment Commission (the "CRC ") fully
adopted the 2004 Integrated Economic Development Plan and Amended Redevelopment Plan (the "2004
Integrated Plan") pursuant to which certain improvements will be made in certain economic development
areas, including the North Illinois Street ED area and the Illinois Street ED area, as defined in the 2004
Integrated Plan;
WHEREAS, the CRC has approved the use of bond proceeds in connection with the acquisition
of property under the 2004 Integrated Plan (the "Illinois Street Bond Project ");
WHEREAS, prior to the CRC's purchase of certain land or structures, Indiana Code 36- 7 -14 -19
requires the CRC to indicate by resolution the CRC's interest in purchasing such land or structure;
WAFREAS, the property described herein is an integral and necessary part of the expansion of
Illinois Street as anticipated under the 2004 Integrated Plan and is part of the property included in the
2004 Integrated Plan.
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Redevelopment Commission,
that:
Section 1. The Carmel Redevelopment Commission is interested in purchasing the
following described property at the value set forth below in connection with the 2004 Integrated Plan and
the Illinois Street Bond Project:
Property: 302 Pintail Court, Carmel, Indiana
Lot Number 10 in Spring Lake Estates
Parcel #17- 09- 35- 01 -02- 010.000
Owner: Nathan B. Maudlin and Jeanne G. Maudlin
Purchase Price: $336,250.00
Section 2. This Resolution shall be in full force and effect from and after its passage and
execution by the CRC.
Adopted this 15 day of December, 2004.
CITY OF CARMEL REDEVELOPMENT
COMMISSION
Pres
Member
ice Presi Member
Secretary
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