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proceedings and received any written remonstrances and objections that had been filed and, considered those remonstrances and objections, if any, and such other evidence presented; and WHEREAS, the Commission now desires to confirm the Declaratory Resolution and adopt and confirm the Plan Amendment. NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission as follows: 1. After considering the evidence presented at the public hearing on December 28, 2010, the Commission hereby confirms the Declaratory Resolution and finds that the proposed amendment to the Development Plan and to Resolution No. 737, as amended, is reasonable and appropriate when considered in relation to the Development Plan and to Resolution No. 737, as amended, respectively, and the purposes of the Act. 2. The Commission finds that the Development Plan, as amended, and Resolution No. 737, as amended and as herein further amended, conforms to the comprehensive plan of the City. 3. The Commission further finds that to accomplish development of the Area it is necessary to acquire additional interests in land within the Area as shown on the Property Acquisition List included in the Development Plan. 4. The Commission hereby determines that the public health and welfare will be benefited by the accomplishment of the Plan Amendment. 5. The Commission hereby determines that the accomplishment of the Plan Amendment will be of public utility and benefit as measured by: a) the attraction or retention of permanent jobs; b) an increase in the property base; C) improved diversity of the economic base; and d) other similar public benefits. 6. It is estimated that the cost of acquiring the interest in the property being added to the Property Acquisition List is Six Million Five Hundred Thousand Dollars ($6,500,000.00). 7. The proposed amendment to the Development Plan is in all respects approved. 8. This Resolution constitutes final action pursuant to Indiana Code 36- 7- 14 -17(d) by the Commission determining the public utility and benefit of the proposed project and confirming the Declaratory Resolution. 9. The Secretary is directed to record this Resolution pursuant to the requirements of Indiana Code 36- 7- 14- 17(d).