HomeMy WebLinkAbout2017-R-1 RESOLUTION NO.2017-R-�_
BEFORE THE JEFFERSONVILLE REDEVELOPMENT COMMISSION
STATE OF INDIANA
A RESOLUTION DESIGNATING HOGAN PROPERTY DEVELOPMENT CO.AS
DEVELOPER FOR GATEWAY COMMERCIAL DEVELOPMENT PROJECT AND
APPROVAL AND RATIFICATION OF DEVELOPMENT AGREEMENT
WHEREAS,the City of Jeffersonville Redevelopment Commission (the"Commission"),
was created for the purpose of undertaking economic development and redevelopment projects in
the City of Jeffersonville ("City")pursuant to I.C. 36-7-14 and I.C. 36-7-25; and
WHEREAS, the Commission desires to develop certain property it owns that it is
commonly called the"Gateway Commercial Development'project ("Project") located at 10th
and Spring Streets in the City; and
WHEREAS, the Commission has complied with all statutory requirements for the
offering of said property; and
WHEREAS, the Commission has undertaken and completed a selection process for a
developer of the Project; and
WHEREAS, after consideration of all relevant factors concludes that Hogan Property
Development Co. should be chosen as the developer of the Project; and
WHEREAS, the parties have negotiated the attached Development Agreement("Exhibit
"A„). and
NOW, THEREFORE, BE IT RESOLVED by the City of Jeffersonville
Redevelopment Commission that Hogan Property Development Co. is hereby designated as the
developer for the Gateway Commercial Development Project; and
IT IS FURTHER RESOLVED by the City of Jeffersonville Redevelopment
Commission that the attached Development Agreement with Hogan Property Development Co.
is hereby approved and ratified.
rN 04,
ADOPTED and APPROVED on this c.-),o day of t,; At 2017.
President
Jeffersonville edevelopment Commission
ATTEST:
?e�c r�et ary
Jeffersonville Redevelopment Coirunission.
a
EXHIBIT A
DEVELOPMENT AGREEMENT