Declaring certain portions of the downtown area of South Bend to be an Urban Development Area relating to the River Glen Office Plaza

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RESOLUTION NO. 7 A RESOLUTION OF THE SOUTH BEND COMMON COUNCIL DECLARING CERTAIN PORTIONS OF THE DOWNTOWN AREA OF SOUTH BEND, INDIANA, TO BE AN URBAN DEVELOP- MENT AREA FOR PURPOSES OF I.C. §6- 1.1- 12.1 -1 THROUGH I.C. §6- 1.1- 12.1 -6 INCLUSIVE RELATING TO THE RIVER GLEN OFFICE PLAZA ASSOCIATES PROJECT. WHEREAS, upon investigation of the condition of the downtown area of South Bend, Indiana, the Common Council of South Bend, Indiana has found: 1. That the downtown area of South Bend, Indiana, as specifically herein described, has become blighted to such an extent that such conditions cannot be corrected by regulatory processes, or by the ordinary operations of private enterprise, without resort to the special provisions under state law benefiting urban development areas. 2. That the public health and welfare will be benefited by the redevelopment of such area under the provisions of state law benefiting urban development areas. 3. That the downtown area of South Bend, Indiana with respect to which these findings are made is the area bounded as follows: A PARCEL IN THE SOUTHEAST QUARTER AND THE SOUTHWEST QUARTER OF SECTION 12, TOWNSHIP 37 NORTH, RANGE 2 EAST, ALSO BEING A PART OF BLOCK 8 OF THE UNRECORDED PLAT OF RIVER BEND ADDITION, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, DESCRIBED AS FOLLOWS: Commencing at the intersection of the East- Right- of -Way line of Columbia Street and the North Right -of -Way line of Monroe Street; thence North 890 38' 42" East along said North Right -of -Way of Monroe Street 250.00 feet to the POINT OF BEGINNING; thence North 01 21' 18" West 55.00 feet; thence North 39° 35' 12" West 67.66 feet; thence North 521 00' 00" East 343.08 feet; thence South 38° 42' 21" East 72.09 feet; thence South 01 30' 18" East 263.46 feet to the North Right - of -Way line of Monroe Street; thence 61.24 feet Westerly on said Right -of -Way line on a curve to the left having a radius of 614.21 feet and subtended by a long chord 61.18 feet in length and having a bearing of North 87° 30' 03" West; thence South 800 38' 42" West along said North Right -of -Way line of Monroe Street 213.18 feet to the Point of Beginning, containing 1.544 acres. 4. That the designation of such downtown area as an urban development area for purposes of I.C. §6- 1.1- 12.1 -1 through I.C. §6- 1.1- 12.1 -7, inclu- sive will materially benefit the city and inhab- itants of South Bend, Indiana, by significantly encouraging the construction, reconstruction, improvement, and general development of the downtown area and the buildings and land situated therein.