HomeMy WebLinkAbout2002-R-1 6P
Shirley Nolot
:
RK COUNTY RECORDER
Clark County Recorder
1200233280 Page 1 of 6
Cl Date 12/30/2002 Time 14:54:39
RESOLUTION NO. - /C—D/
RESOLUTION AMENDING THE RESOLUTION OF
THE JEFFERSONVILLE REDEVELOPMENT COMMISSION ENTITLED
"DECLARATORY RESOLUTION OF THE
JEFFERSONVILLE REDEVELOPMENT COMMISSION"
WHEREAS, the Jeffersonville("City") Redevelopment Commission
("Commission")did on April 27, 1982 adopt a declaratory resolution("Declaratory
Resolution") establishing the Falls Landing Riverfront Development Area("Area") and
the Declaratory Resolution was confirmed by a Confirmatory Resolution adopted on May
26, 1982;
WHEREAS, the Declaratory Resolution approved the Redevelopment Plan("Plan")
which Plan contained specific recommendations for redevelopment in the Area;
WHEREAS, the Declaratory Resolution established an allocation area in accordance
with IC 36-7-14-39 ("Allocation Area") for the purpose of capturing property taxes
generated from the incremental assessed value of real property located in the Allocation
Area;
WHEREAS,the Commission now desires to amend the Declaratory Resolution to
enlarge the Area and Allocation Area by the adoption of approximately 88 acres of real
.•. estate as set forth in Exhibit A("Expanded Area");
WHEREAS, the proposed enlargement is less than 20% of the original Area and
Allocation Area;
WHEREAS,the real property base assessment date of the Expansion Area will be
March 1, 2002;
WHEREAS, the real property base assessment date of the original Area and
Allocation Area will remain March 1, 1982;
WHEREAS, the Commission has entered into a lease, date June 28, 2000,("Lease")
with the Jeffersonville Redevelopment Authority under which lease rentals are secured in
part by tax increment revenues collection in the Allocation Area;
WHEREAS, IC 36-7-14-17.5 authorizes the Commission to amend the Declaratory
Resolution, after conducting a public hearing, if it finds that:
1. The amendment is reasonable and appropriate when considered in relation to the
Declaratory Resolution and the Plan and the purposes of IC 36-7-14; and
2. The Declaratory Resolution and the Plan, with the proposed amendment,
conform to the comprehensive plan for the City;
— WHEREAS, on December 7, 2002, the Commission published notice of the
substance of a proposed amendment to the Declaratory Resolution in accordance
with IC 36-7-14-17.5 and IC 5-3-1, which notice also gave notice of a hearing on the
proposed amendment to be held by the Commission; and notice to neighborhood
associations and property owners in the proposed enlarged area; and
WHEREAS, the Commission on December 19, 2002, conducted, conducted a
public hearing;at which the Commission heard all persons interested in the
proceedings and considered all written remonstrances and objections that were filed;
NOW, THEREFORE,BE IT RESOLVED BY THE JEFFERSONVILLE
REDEVELOPMENT COMMISSION THAT:
1. The Declaratory Resolution is hereby amended to enlarge the boundaries of
the Area and the Allocation Area by approximately 88 acres as set forth in
Exhibit.A. The real estate described in Exhibit A is less than 20% of the size
of the original Area.
2. The Commission now finds and determines that the amendment described in
Sectiorii 1 is reasonable and appropriate when considered in relation to the
Declaratory Resolution and the Plan and to the redevelopment and economic
development purposes set forth in IC 36-7-14. The Commission further finds
that theamendment will not adversely affect the owners of the bonds secured
by the Lease.
3. The Declaratory Resolution and the Plan, with the proposed amendment,
conform to the comprehensive plan for the City.
4. This paragraph shall be considered the allocation provision for the Expanded
Area for the purposes of IC 36-7-14-39. The Expanded Area shall have a real
property base assessment date of March 1, 2002. Any property taxes levied
on or after the effective date of this resolution by or for the benefit of any
public Jody entitled to a distribution of property taxes on taxable property in
the Expanded Area shall be allocated and distributed in accordance with IC
36-7-14-39 or any applicable successor provision. This allocation provision
for the Expanded Area shall expire no later than 30 years after the effective
date of this resolution.
5. The Secretary is hereby directed to record this resolution with the Clark
CountyRecorder, immediately to notify the Department of Local
Government Finance of the expansion of the Allocation Area and the Area
and to file this resolution with the Clark County Auditor.
•
6. In all other respects,the Declaratory Resolution and Plan are hereby ratified
and confirmed.
11
7. This resolution is effective upon passage.
ram"1
1j.
II
Adopted at a meeting of the Jeffersonville Redevelopment Commission held
December 19, 2002, at 501 E. Court Avenue.,Jeffersonville, Indiana.
JEFFERSONVILLE REDEVELOPMENT COMMISSION
B ' A 0, • 1,
•obert. . Campbell, I Pres'iii
ATTEST:
1
IrI!
.i %Nathan Samuel, Secretary
II
•
i
1
I
1
1
;
;
JULY 10, 2002
Revised: December 18, 2002
DESCRIPTION OF AN EXPANSION
TO THE FALLS LANDING REIVERFRONT
DEVELOPMENT PROJECT AREA
A description of an expansion to the Falls Landing Riverfront Development area which is
recorded at the Clark County Recorders Office in Misc. Drawer 14,Instrument No. 5442
and bounded as follows:
Beginning at a point in the existing Falls Landing Riverfront Development area
boundary, said point being at the intersection of the northern right-of-way line of
Riverside Drive and the eastern right-of-way line of Watt Street; thence in a northerly
direction along said eastern right-of-way line of Watt Street to its intersection with the
northern right-of-way line of Chestnut Street; thence in a western direction along said
northern right-of-way line of Chestnut Street to its intersection with the western right-of-
way Iine of Mulberry Street; thence in a northern direction with said western right-of-way
line of Mulberry Street to a point in the existing boundary of the Falls Landing Riverfront
/"\ Development area.
This expansion contains approximately 88 acres of land.