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HomeMy WebLinkAbout2000-R-2 • RESOLUTION 2000 -2 RESOLUTION CONFIRMING THE RESOLUTION OF THE JEFFERSONVILLE REDEVELOPMENT COMMISSION ADOPTED ON APRIL 26 2000, ENTITLED "DECLARATORY RESOLUTION OF THE JEFFERSONVILLE REDEVELOPMENT COMMISSION" WHEREAS, on April 26 2000, the Jeffersonville Redevelopment Commission ( "Commission ") adopted a declaratory resolution (Resolution No 2000 -01) entitled "Declaratory Resolution of the Jeffersonville Redevelopment Commission" ( "Declaratory Resolution ") establishing the BethNova Economic Development Area ( "Area ") as an economic development area under IC 36 -7 -14 and IC 36 -7 -25; and WHEREAS, the Declaratory Resolution approved the Economic Development Plan presented at the Apri126 2000, meeting of the Commission, which Economic Development Plan contained specific recommendations for redevelopment and economic development uses in the Area, including land acquisition and infrastructure improvements as further described in the Economic Development Plan (the "Project "); and WHEREAS, the Declaratory Resolution recognized that there were current plans for the acquisition of real estate within the Area; and WHEREAS, the Declaratory Resolution established an allocation area ( "Allocation Area ") within the Area in accordance with IC 36- 7- 14 -39; and WHEREAS, the Commission submitted the Declaratory Resolution and supporting data to the Jeffersonville Plan Commission "Plan Commission") mmission) and the Plan Commission has issued its written order approving the Declaratory Resolution and the Economic Development Plan as submitted; and WHEREAS, the Common Council, by resolution adopted 2000R -24, approved the order of the Plan Commission; and WHEREAS, the Commission found that there are no residents of the Area who will be displaced by the Project; and WHEREAS, the Commission published notice in the Jeffersonville Evening News of the adoption and substance of the Declaratory Resolution in accordance with IC 36- 7 -14 -17 and IC 5 -31 on July 15 2000, which notice also gave notice of a hearing to be held by the Commission on the proposed Project; and WHEREAS, the notice described in the preceding paragraph was also filed in the office of the Plan Commission, the Board of Zoning Appeals, the Board of Public Works, the Parks Board, the Building Commissioner, and any other departments, bodies or officers having to do with City planning, variances from zoning ordinances, land use or the issuance of building permits; and WHEREAS, copies of the notice were also filed on Julyl2th, 2000, with the officer authorized to fix budgets, tax rates and tax levies under IC 6- 1.1 -17 -5 for each taxing unit that is either wholly or partly located within the proposed Allocation Area, together with a statement disclosing the impact of the Allocation Area, including the following: z . like 1. The Commission has considered the evidence presented and now finds and determines that it will be of public utility and benefit to proceed with the establishment of the Area and the Project in the Area. 2. The Declaratory Resolution and Economic Development Plan approved by the Commission on July 26 2000, copies of which are attached hereto as Exhibit "A" and incorporated herein, are hereby confirmed. 3. The Secretary is instructed to submit this Resolution to the Common Council for approval of the establishment of the Area. 4. The Declaratory Resolution, as confirmed, shall be attached hereto as Exhibit "A" and incorporated in this Resolution. The Secretary is hereby directed to record this Resolution with the Clark } County Recorder, immediately to notify the State Board of Tax Commissioners of the designation of the Allocation Area within the Area, and to file this resolution with the Clark County Auditor. Adopted at a meeting of the Jeffersonville Redevelopment Commission held August 30 2000, at 501 E. Court Ave., Jeffersonville, Clark County, Indiana. JEFFERSONVILLE REDEVELOPMENT COMMISSION . B ► y• • Robert E. Campbell, Jr., President ATTEST: Kyl illiams, Secretary OCT -20 -00 15s40 From:ICE MILLER FL 30 B 3172362212 T -738 P.07/07 Job -863 (00 EXHIBIT List of Owners of parcels of Land Proposed to be Acquired • CO • 680095. - 2 - •a 1 . ___,.. 1 , 1 1 L 1 FACTUAL REPORT IN SUPPORT OF FINDINGS CONTAINED IN RESOLUTION 2000 -1 OF THE JEFFERSONVILLE REDEVELOPMENT COMMISSION 1. The Plan for the Economic Development Area will promote significant opportunities for the gainful employment of citizens of the City of Jeffersonville ( "City ") by retaining and/or creating approximately 74 jobs 2. The Plan will attract a major new business enterprise to the City as follows: The intent and purpose of the formation of the Economic Development Area is to expedite the location of a major industry to • the City by enabling the City to purchase the land and /or provide other infrastructure improvements. 3. The planning, re- planning, development and redevelopment of the Economic Development Area will benefit the public health, safety, morals and welfare; increase the economic well being of the City cio, and the State of Indiana; and serve to protect and increase property values in the City and the State of Indiana as follows: The ro'ect will benefit the public welfare as it will provide additional P 1 P p opportunities for City residents to be gainfully employed; the project will increase the economic well -being of the City and State as it will I generate real and personal property taxes and inventory tax; the project will serve to protect and increase property values in the City rt and the State as it will catalyze the sale of approximately 30 acres of previously undeveloped land in the Clark Maritime Center. I 4. The Plan for the Economic Development Area cannot be achieved by regulatory processes or by the ordinary operation of private w enterprise without resort to I.C. 36 -7 -14 (the redevelopment statute) because of the lack of local public improvements, r existence of conditions that lower the value of the land below that of nearby land, and multiple ownership of land because: 1 The project will not locate in the Economic Development Area without significant economic incentives. The cost of the land is above the amount allowed in the project budget and the City cannot provide the necessary incentives for the project without access to k increment captured in the Economic Development Area (0, I 5. The accomplishment of the Plan for the Economic Development Area will be of public utility and benefit as measured by A. The attraction of an estimated seventy - four (74) permanent :,..1..... :,..1..... .....A...4. -.... ...:.......m..........1..1...:...."...... 41....... 41..I.. alal... I / 'IA / .4I I 'A..M‘I I..IA ..AAA 1 1 t B. An estimated increase in real property tax base of $2,966,167.00 of initial assessed valuation ($1,898,667.00 real estate and $1,067,500.00 depreciable personal property); and of the economic base by providing Improved diversity y p g additional jobs, by catalyzing the development of infrastructure improvements in the Area, and by encouraging additional industrial development. • ‘ (600, . 1- THE ECONOMIC DEVELOPMENT PLAN FOR THE BETH -NOVA ECONOMIC DEVELOPMENT PROJECT JEFFERSONVILLE REDEVELOPMENT COMMISSION Purpose and Introduction This document is the Economic Development Plan "Plan" for the Beth- Nova Economic Development Project ( "Project') Economic Development Area ( "Economic Development Area ") for the City of Jeffersonville, Indiana ("City"). It is intended to be approval by the Common Council, the Jeffersonville Plan Commission and the Jeffersonville Redevelopment Commission ( "Redevelopment Commission) in conformance with IC 36 -7 -14. Project Objectives The purposes of the Plan are to benefit the public health, safety, morals and welfare of the citizens of the City; increase the economic well -being (iv of the City and the State of Indiana; and serve to protect and increase property values in the City and the State of Indiana. The Plan is designed to promote significant opportunities for the gainful employment of citizens of the City, attract a major new business enterprise to the City, provide for local public improvements in the Economic Development Area, remove conditions that lower the value of the land in the Economic Development Area below that of nearby land, attract and retain permanent jobs, increase the property tax base, and improve the diversity of the economic base of the City. The Factual Report attached to this Plan contains the supporting data for the above - declared purposes of the Plan. Description of Economic Development -Area The Economic Development Area is located in the City and is described as that area contained in the maps and plats attached to this Plan. The general description of the area is approximately 30 acres located in the Clark Maritime Center in eastern Jeffersonville, Indiana. Project Description The development of the Economic Development Area will proceed immediately upon issuance of a note to the Indiana Port Commission for a portion of the purchase price of the area The Project will involve approximately $5 million in real property improvements and a $14.2 million investment in manufacturing equipment. Acquisition of Property In order to 1 accomplish the Project, the Redevelopment Commission may P acquire, without the use of eminent domain by the Redevelopment i n of the Economic Development Commission, all or a port ment Area to be o o t p developed in conjunction with the Project. The Redevelopment Commission shall follow procedures in IC 36- 7 -14 -19 in the acquisition of property. The Redevelopment. Commission may not exercise the power of eminent domain in an economic development area. Procedures With Respect to the Project In accomplishing the Project the Redevelopment Commission may proceed with the Project before the acquisition of all interests in land in the Economic Development Area All contracts for material or labor in the accomplishment of the Project shall be let under IC 36 -1. In the planning and rezoning of real property acquired or to be used in the accomplishment of the Plan; the opening, closing, relocation and improvement of public ways; and the construction, relocation and improvement of sewers and utility services; the Redevelopment Commission shall proceed in the same manner as private owners of the property. The Redevelopment Commission may negotiate with proper officers and agencies of the City to secure the proper orders, approvals and consents. Any construction work required in connection with the Project may be carried out by the appropriate municipal department or agency. The Redevelopment Commission may carry out the construction work if all plans, specifications, and drawings are approved by the appropriate { department or agency and the statutory procedures for the letting of the contracts by the appropriate department or agency are followed by the Redevelopment Commission. The Redevelopment Commission may pay any charges or assessments made on account of orders, approval, consents and construction work with respect to the Project or may agree to pay these assessments in installments as provided by statute in the case of private owners. None of the real property acquired for the Project may be set aside and dedicated for public ways, parking facilities, sewers, levees, parks or other public purposes until the Redevelopment Commission has obtained the consents and approval of the department or agency under whose jurisdiction the property will be placed. 1 Disposal of Property The Redevelopment Commission may dispose of real property acquired } by sale or lease to the public after causing to be prepared two (2) separate appraisals of the sale value or rental value to be made by independent appraisers. However, if the real property is Tess than five (5) acres in size and the fair market value of the real property or interest has been appraised by one (1) independent appraiser at less than Ten Thousand Dollars ($10,000.00), the second appraisal may be made by a qualified employee of the Department of Redevelopment. The Redevelopment Commission will prepare an offering sheet and will maintain maps and plats showing the size and location of all parcels to be offered. Notice will be published of any offering in accordance with IC 5 -3 -1. The Redevelopment Commission will follow the procedures of IC 36- 7 -14 -22 in making a sale or lease of real property acquired. Financing of the Project It is the intention of the Redevelopment Commission to issue a note payable from incremental ad valorem property taxes allocated under IC 36- 7 -14 -39 in order to raise money for property acquisition and /or completion of the Project in the Economic Development Area. The amount of this note may not exceed the total, as estimated by the Redevelopment Commission, of all expenses reasonably incurred in connection with the Project, including: 1.The total cost of all land, rights -of -way, and other property to be acquired and developed; 2. All reasonable and necessary architectural, engineering, legal, financing, accounting, advertising, and supervisory expenses related to the acquisition and development of the Project; 3. Expenses that the Redevelopment Commission is required or permitted to pay under I.C. 8- 23 -17. Amendment of the Plan By following the procedures specified in IC 36 -7 -14 -17.5, the Redevelopment Commission may amend the Plan for the Economic Development Area. However, the Common Council must approve any enlargement of the boundaries of the Economic Development Area. t .