Ordinance 13-2023 Authorizing the Town of Mooresville, Indiana to Become a Member of the Central Indiana Regional Development Authority Pursuant to Indiana Code 36-7.7

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Town of Mooresville Ordinance 13-2023 AN ORDINANCE AUTHORIZING THE TOWN OF MOORESVILLE, INDIANA TO BECOME A MEMBER OF THE CENTRAL INDIANA REGIONAL DEVELOPMENT AUTHORITY PURSUANT TO INDIANA CODE § 36-7.7 et. seq. WHEREAS, on or around March 18, 2020, Governor Holcomb signed Public Law 83-2020 (SEA 350) (the "Act"), which allows eligible political subdivisions located in the Indianapolis - Carmel -Anderson Metropolitan Statistical Area to create the Central Indiana Regional Development Authority (the "Development Authority") and to carry out its powers as more particularly described in the Act; WHEREAS, the Development Authority is a separate body corporate and politic that shall carry out the purposes of the Act by (i) acquiring, constructing, equipping, owning, and financing projects and facilities to or for the benefit of members of the Development Authority; and (ii) funding and developing: (A) airport authority projects; (B) commuter transportation district and other rail projects and services; (C) regional transportation authority projects and services; (D) economic development projects; (E) intermodal transportation projects; (F) regional trail or greenway projects; (G) regional transportation infrastructure projects under IC 36-9-43; and (H) any other capital infrastructure project that enhances the region with the goal of attracting people or business; that are of regional importance; WHEREAS, the Development Authority has the power to, among other items, (i) finance, improve, construct, reconstruct, renovate, purchase, acquire, and equip land and projects that are of regional importance; (ii) finance and construct additional improvements to projects or other capital improvements owned by the development authority; (iii) construct or reconstruct highways, roads, and bridges; (iv) acquire land or all or a part of one (1) or more projects from an eligible political subdivision by purchase; (v) provide funding for intermodal transportation projects and facilities; (vi) provide funding for regional trails and greenways; (vii) provide funding for economic development projects; (viii) provide funding for regional transportation infrastructure projects under IC 36-9-43; and all other powers as prescribed by the Act; WHEREAS, the Development Authority may be established by (i) one or more counties and one more adjacent counties, (ii) one or more counties and one or more municipalities in adjacent counties, or (iii) one or more municipalities and one or more municipalities in adjacent counties; WHEREAS, the Development Authority shall be governed by a strategy committee whose composition and structure will be established by a preliminary development plan (the "Plan"), which in accordance with the Act is to be adopted by separate resolution of the participating members; and WHEREAS, the Town Council ("Council') for the Town of Mooresville, Indiana ("Town") now desires to authorize the Town to become a member of the Development Authority, pursuant to Ind. Code § 36-7.7-3-9.