Declaring certain portions of the Downtown Area to be an Urban Development Area

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the west right -of -way line of Fellows Street; thence south along the west right -of -way line of Fellows Street to the south right -of -way line of Monroe Street; thence east along the south right -of -way line of Monroe Street and proceeding in a northeasterly direction along said right -of -way line to the center of the St. Joseph River; thence proceeding in a north- westerly direction along the center of the St. Joseph River to the north right -of -way line of LaSalle Avenue; thence west along the north right -of -way line of LaSalle Avenue to the west right -of -way line of Main Street which is the point of beginning; a map of which area is at- tached hereto and incorporated herein by reference. 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. 56 -1.1- 12.1 -6, inclusive, will materially benefit the city and inhabitants of South Bend, Indiana, by signifi- cantly encouraging the construction, reconstruction, improve- ment, and general development of the downtown area and the buildings and land situated therein. Now, therefore, on the basis of such findings, and after such investigation duly made by this Common Council, BE IT HEREBY RESOLVED: 1. That the above - described downtown area of South Bend, Indiana is declared a blighted area constituting a menace to the social and economic interest of the City of South Bend, Indiana and its inhabitants. 2. That it will be of public utility and benefit to encourage redevelopment of the area through the provisions of I.C. §6 -1.1- 12.1 -1 through I.C. 56 -1.1- 12.1 -6, inclusive. 3. That such area so described is hereby declared and found to be an Urban Development Area for purposes of I.C. §6- 1.1- 12.1 -1 through I.C. §6- 1.1- 12.1 -6, inclusive, which area in South Bend, Indiana is located within the follow- ing general boundaries: -2-