HomeMy WebLinkAbout2003-R-05l~
RESOLUTION N0.2003- D~
A RE SOLUTION CONCERNING THE STRUCTURE OF A
REDEVELOPMENT PROJECT
WHEREAS, the Jeffersonville Department of Redevelopment has
entered into a Ground Lease, Development Agreement and an Operating
Agreement, all dated September 8, 2003, in furtherance of the redevelopment
of the property known as the U.S: Quartermaster Depot and also known as
The Quadrangle (the "Property'), an
WHEREAS, the Indiana Department of Labor and the Indiana
Regional Council of Carpenters have raised questions about the applicability of
the provisions of Indiana law concerning the use of prevailing wage in the
redevelopment of the Property; and
WF-IEREAS, the Jeffersonville Redevelopment Commission did not,
and does not, intend that the redevelopment of the Property be a public works
project, but rather a private project made possible through the provisions of
the Indiana Redevelopment Laws (Indiana Code 36-7-141 et seq.).
NOW, THEREFORE, IT IS HEREBY RESOLVED that if the
redevelopment of the Property is found or held to be subject to provisions of
Indiana law concerning the use of prevailing wage, the Jeffersonville
Department of Redevelopment and/or the Jeffersonville Redevelopment
Commission will restructure the transactions providing for the redevelopment
of the Propertyto achieve the same economic and financial results to
Quadrangle LLC and Quad Partners LLC as were anticipated when the
documents were executed on September 8, 2003, i,e that the redevelopment of
the Propertybe a private project made possible through the provisions of the
Indiana Redevelopment Laws (Indiana Code 36-7-141 et seq.), and not a public
works project subject to prevailing wage.
J/ .J
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Passed and adopted this 315L day of December, 2003.
JEFFERSONVILLE REDEVELOPMENT
COMIVIISSION
sy:
sident
ATTEST:
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