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HomeMy WebLinkAbout1984-R-20RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE, INDIANA WHEREAS, the City of Jeffersonville. Indiana (the "Issuer") is authorized by IC 36-7-12 (the "Act") to issue revenue bonds for the financing of economic development facilities, the funds from said financing to be used for the acquisition, construction and equipping of said facilities, a~d said facilities to be either sold or leased to a company or directly owned by a company; WHEREAS, Crawford House, a to be formed corporation the principals of which will be Mrs. trod Mrs. Robert Crawford (the "Applicant"), has advised the Jeffersonville Economic Development Com~nission (the "Cominission") and the Issuer that it proposes that the Issuer either acquire, construct and equip an economic development facility and sell or lease the same to the Applicant or loan proceeds of ~m economic develop~nent financing to the Applicant for the same. said econo,nit development facility to consist of the construction of an approxi~nate 35,000 square foot residential care facility for senior citizens, consisting of approximately 68 units with a total of approximately 124 beds, including the real estate on which it is located ~md the equipment to be installed therein, to be located at 2939 Holman Avenue, in Jeffersonville To.reship, near Jeffersonvi]le, Indiana, on an approximate 8 acre tract of land ("Project"); ~md WHEREAS, the diversification of industry and increase in job opportunities (25 new full and part-time jobs) to be achieved by the construction a~d equipping of the Project will be of public benefit to the health, safety ox~d general welfare of the Issuer and its citizens; m~d WHEREAS, having received the advice of the Jeffersonville Economic Development Commissinn, it would appear that the ~inancing of the Project, woukt be (ff public beneS'it to the health, safety and general welfare of the Issuer ~md its citizens; and WHEREAS, it is tentatively found that the acquisition and construction of.~the facility will not have an adverse competitive effect on any similar facility already constrncted or operating in Jeffersonville, lndimm; NOW, THEllEFOIIE, BE IT IIESOLVED BY THE Common Council of the City of JeFfersonviHe, as follows: 1. The Common Council ot' the City of Jeffersonville finds, determines, r~tifies ~md conflr~ns that the promotion of diversification of economic development and ]ob })pport~mities in and near Jeffersonville, Indiana, is desirable to preserve the health, safety and general welfare oF the citizens of the Issuer; and that it is in the public interest that the Commission ~md the Issuer take such action as they lawfully may to encourage economic development, diversification of industry ~md promotion of job opportunities in and uear the Issuer. 2. The Common Council of the Clty of Jeffersonville approves, determines, ratifies ~d confir~ns that the issuance ~md sale of econmnic development revenue bonds in ~m amotmt of approximately $~,~50,000 of the Issuer under the Act for the acquisition, constructiou and equipping of the Proiect and the sale or leasing of the Proiect to the Applicant or the loan of the proceeds of the revenue bonds to the Applicant, will serve the public purposes referred to above, in accord~mce with the Act. 3. In order to induce the Applicant to proceed with the acquisition, construction and equipping of the Project, the Common Co~mcil of the City of Jeffersonville hereby approves, determines, ratifies and confirms that (i) it ~vill take or cause to be taken such actions pursuant to the Act as may be required to implement the aforesaid financiug, or as it may deem appropriate in pm~suance thereof; provided that all of the ~oregoing shall be mutually acceptable to the Issuer and the Applicant; and (ii) it will adopt such ordin~ces ~md resolutions ~d authorize the execution ~d delivery o~~ sac~ instruments ~d the taking of such actiou as may be necessary ~md advisable for the autboriz~tion, issuance and sale of said economic development revenue bonds; and (iii) it will use its best efforts at the request of Applicant to authorize the issuance of additional bonds £or refunding and refinancing the outstanding principal amount of the bonds, for completion of the Project a~d for additions to the Project, including the costs of issuance (providing that the fina~cing of such addition or additions to the Project is found to have a public purpose [as defined in I.C. 36-7-12-1] at the time of authorization of such additional bonds), and that the aforementioned purposes comply with the provisions of I.C. 36-7-12. 4. All costs of the Project incurred after the adoption of this inducement resolution, including reimbursement or repayment to the Applicant of moneys expended by the Applicant for pla~ufing, engineering, interest paid during construction, underwriting expenses, attorney and bond cotmsel fees, acquisition, construction and equipping of the Project will be permitted to be included as part of the bond issue to finance the Project, and the Issuer will sell or lease the same to the Applicant or loan the proceeds from the sale of the bonds to the Applicant for the same purposes. Also, certain indirect expeuses, including but not limited to, pla~ming, architectural work and engineering incurred prior to this inducement resolution will be permitted to be included as part of the bond issue to finance the Project. Adopted this _~day of Jane, 1984. CITY OF JEFFEP~SONVILLE, INDIANA COMMON COUNCIL (SEAL) Attest: -3- Presented by me to the Mayor on the ~/& ~ day of June, 1984, at the hour of//: ~./ / · C terk-~rreasurer Approved and signed by me this /~ day of Jtme, 1984, at the hour of//: . ~7,m. -4- WAI~ER AND CONSENT Comes now Robert Crawford and Judy Crawford, developers of The Crawford Mouse, a residential care facility for senior citizens, and submit the following to the jeffersonville Common council and city administration: 1. That the.developers are in the process of obtaining approval for an Economic Development Commission bond issue. 2. That the developers, their heirs, assigns, grantees and transferees waive any right to file a remonstrance pursuant to the provisions of I.C. 36-4-3-11, or any other statute of the Indiana Code. The developers, their heirs, assigns, grantees and tranferees further consent to the annexation of their development. Signed this __/~ day of June, 19~4.