HomeMy WebLinkAbout2017-R-3 RESOLUTION NO. 2017-R-__
BEFORE THE JEFFERSONVILLE REDEVELOPMENT COMMISSION
STATE OF INDIANA
A RESOLUTION DESIGNATING WAYPOINT RESIDENTIAL SERVICES LLC AS
DEVLOPER FOR AMERICAN LEGION 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 is
commonly the "American Legion Development" project ("Project") located on Pearl Street
between Court Avenue and Maple Street 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 Waypoint
Residential Services, LLC 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 Waypoint Residential Services, LLC is hereby designated as
the developer for the American Legion Development Project; and
IT IS FURTHER RESOLVED by the City of Jeffersonville Redevelopment
Commission that the Development Agreement is hereby approved and ratified.
ADOPTED and APPROVED on this 3 U day of August, 2017.
i
R. Monty Snelli g, P ident
Jeffersonville velopment mission
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WeATTYESEn, Secretary
Jeffersonville Redevelopment Commission
EXHIBIT "A"
(EXECUTED DEVELOPMENT AGREEMENT)