HomeMy Public PortalAbout075-1990- ORDINANCE APPROVING FOR THE INDUSTRIES ROAD PROJECT.pAN ORDINANCE OF THE CITY OF RICHMOND, INDIANA, APPROVING A LEASE FOR THE INDUSTRIES
ROAD PROJECT BETWEEN THE RICHMOND REDEVELOPMENT AUTHORITY AND THE RICHMOND
REDEVELOPMENT COMMISSION.
WHEREAS; the Richmond Redevelopment Authority (the "Authority") at a meeting on
September 13, 1990, adopted Resolution No. 2-1990, which, among other
things, approved a proposed Lease between the Authority and the Richmond
Redevelopment Commission (the "Commission") for the lease of the extension of
a sewer connection line, the engineering and widening of Industries Road to four
lanes from Williamsburg Pike to NW 5th Street and the building of a two lane
street 600 feet east of NW 5th Street from the CSX Railroad crossing on the
south to Industries Road on the North, the engineering of road projects of
Industries Road going east from NW 5th Street to U.S. 27 and west from
Williamsburg Pike to approximately 400 feet west of Flatley Road, together
with all related improvements to all of the above (the "Project") and directed
the Secretary -treasurer of the Authority to file a copy of said Lease, as
approved, with the Commission; and
WHEREAS; the Commission, at a meeting on September 24, 1990, adopted Resolution No. 90-
3 approving said Lease, scheduled a public hearing to be held on October 15,
1990, regarding said Lease pursuant to IC 36-7-14-25.2, and authorized the
publication of a notice of such public hearing pursuant to IC 5-3-1; and
WHEREAS; on October 15, 1990, said public hearing was held and all interested parties
were provided the opportunity to be heard at the hearing; and
WHEREAS; the Commission, at a meeting on October 15, 1990, adopted Resolution No. 90-4
finding, pursuant to IC 36-7-14.5-14, that the rental payments to be paid by
the Commission to the Authority pursuant to the Lease, at a rate not to exceed
Two Hundred Seventy Thousand Dollars ($270,000) per year in semiannual
installments beginning on the day the Project is completed and ready for use, or
July 25, 1992, whichever is later, and continuing through expiration of the
Lease, are fair and reasonable; and finding, pursuant to IC 36-7-14-25.2, that
the use of the Project throughout the term of the Lease will serve the public
purpose of the City and is in the best interests of its residents; and
WHEREAS; said Resolution No. 90-4 further directed the Secretary of the Commission to
file with the Common Council of the City (the"Common Council") an approving
ordinance for the purposes of said Council's finding, prior to execution of the
Lease, that the rental payments are fair and reasonable and that the use of the
Project throughout the term of the Lease will serve the public purpose of the
City and is in the best interests of its residents, and for purposes of said
Council's approving the Lease; and
WHEREAS; the Common Council desires to approve said Lease pursuant to IC 36-7-14-
25.2, which statute provides that any lease approved by a resolution of the
Redevelopment Commission must be approved by an ordinance of the fiscal body
of the unit.
NOW THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF RICHMOND:
SECTION 1. That the Common Council finds that the rental payments under the Lease, as
approved by the Commission, are fair and reasonable, and further finds that the
use of the Project throughout the term of the Lease will serve the public purpose
of the City and is in the best interests of its residents.
SECTION 2. The Common Council hereby approves said Lease, as approved by the
Commission, pursuant to IC 36-7-14-25.2.
SECTION 3. If any part of this Ordinance shall be adjudged to be invalid by a Court of proper
jurisdiction, it shall be conclusively presumed that the Common Council of the
City would have passed the remainder of the Ordinance without such invalid part.
SECTION 4. This Ordinance shall be in full force and effect immediately from and after its
passage by the Common Council and approval by the Mayor in the manner
provided by law.
PASSED AND ADOPTED by the Common Council of the City of Richmond, Indiana this
day of 42.�! , , 1990.
P sident of Common Council
ATTEST:
City
PRESENTED by me to the Mayor of the City of Richmond, Indiana this / 76;( day of
m 1990.
City Mork
APPROVED by me, Frank H. Waltermann, Mayor of the City of Richmond, Indiana this 1Z- aay
of
CQe , 1990.
4
4
Mayor
ATTEST:/� Lcy i}%li sr�lcAiLC�
City Cler
DISPOSITION OF ORDINANCE NO. -75 -199 b
RESOLUTION NO. -199
by Common Council
3rdinance No.1—r
Resolution No. _
Elstro
Lundy
Hankinson
McBride
Parker
Hutton
Morris
Paust
Brockbank
Date/U -/S -�JD
Susp. rules Ist read
Title only
Seconded
Proof of Publicaton
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Seconded
Move to 2nd read
Seconded
Engrossment
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Seconded
Susp rules 3rd read
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Seconded
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Passage
0 A
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Rejection C�
Date Passed /o -/S -ld _
COMMITTEE ASSIGNMENTS:
Committee Date
Commitee Hearing Date
Reassigned to Council Agenda
PUBLICATION DATES:
AMENDMENTS:
COMMENTS: