HomeMy WebLinkAbout1999-OR-12ORDINANCE NO. 9~&~/,~
JEFFERSONVILLE COMMON COUNCIL
ORDINANCE APPROVING LEASE BETWEEN
JEF]FERSONVILLE REDEVELOPMENT COMMISSION
AND JEFFERSONVILLE REDEVELOPMENT AUTHORITY
WHEREAS, pursuant to Resolution No. 10-97 adopted December 17, 1997, and Resolutior
No. 3-98 adopted April 29, 1998, the Jeffersonville Redevelopment Commission (the
"Commission") has established, as an economic development area and allocation area under lndian~
Code 36-7-14, the Galvstar Project Economic Development Area ("Area"); and
WHEREAS, by Resolution No. I -99 adopted February 24, 1999, the Commission, afte~
a pubhc hearing, approved the execution of a proposed Lease Agreement (the "Lease") with the
Jeffersonville Redevelopment Authority (the "Authority"); and
WHEREAS, under the Lease, the Authority would lease to the Commission, and tht
Commission would lease from the Authority, certain real property in the Area (the "Property")
consisting of an approximately 27-acre site immediately west of the existing Voss-Clark property
located in the Clark Maritime Centre, Jeffersonville, Indiana; and
WHEREAS, the rentals due under the Lease are payable from certain incremental real ant
depreciable personal property tax proceeds from the Area;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CIT5
OF JEFFERSONVILLE, iNDIANA, THAT:
1. This Common Council hereby finds that the execution of the Lease is necessary an,
wise, that the Lease will promote economic development of the Area, that the terms of the Lease ar
based upon the value of the Property, that the service to be provided by the Property throughout th
term of the Lease will serve the public purpose of the City of Jeffersonville and is in the besl
interests of its residents, and that the lease rental provided for in the Lease to be paid by the
Authority is fair and reasonable.
3.
approval by the Mayor.
Passed this ~ day of
This Common Council hereby approves the Lease.
This Ordinance shall be in full force and effect immediately upon its passage and
ATTEST:
Clerk and Treasurer
1999.
COMMON COUNCIL OF THE CITY OF
JEFFERSONVILLE, INDIANA
Presented by me as Clerk and Treasurer to the Mayor of the City of Jeffersonville this
day of~,~.~.4~ ,1999.
Clerk'and Treasurer' J'
Approved and signed by me this ~,dayof 14~t[~ ,19~
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