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WHEREAS, Resolution No. 919 was further amended by Resolution No. 2106, adopted
<br />on November 5, 2004; and
<br />WHEREAS, Resolution No. 919 was further amended by Resolution No. 2144, adopted on
<br />March 4, 2005 and said resolution expanded the Airport Economic Development Area by adding
<br />Expansion Area No. 20; and
<br />WHEREAS, Section 43 of the Act permits the creation of an allocation area within an
<br />economic development area to provide for the allocation and distribution, as provided by the Act, of
<br />the proceeds of taxes levied on property situated in the allocation area; and
<br />WHEREAS, the Commission in accordance with the Act, has previously established the
<br />Airport Economic Development Area, Allocation Area No. 1 ( "Allocation Area No. V); and
<br />WHEREAS, the Commission, in accordance with the Act, expanded the boundaries of the
<br />Airport Economic Development Area, Allocation Area No. 1 to include Expansion Area No. 1 and
<br />Expansion Area No. 2 by the adoption of Resolution No. 965, adopted on November 9, 1990, and
<br />confirmed by Resolution No 971, adopted on January 2, 1991, and Expansion Area No. 3 by the
<br />adoption of Resolution No. 1058, adopted on May 22, 1992, and Expansion Area No. 4 by the
<br />adoption of Resolution No. 1349, adopted on July 7, 1995, and Expansion Area No. 5 by the
<br />adoption of Resolution No. 1545, adopted on November, 21 1997, and Expansion Areas No. 6,7
<br />and 8 by the adoption of Resolution No. 1667, adopted on February 19, 1999, and Expansion Areas
<br />No. 9 and 10 by the adoption of Resolution 1796, adopted on October 20, 2000, and Expansion
<br />Area No. 11 by the adoption of Resolution 1827, adopted on February 16, 2001, and Expansion
<br />Areas No. 12, 13, 14 and 15 by the adoption of Resolution 1916, adopted on November 1, 2002,
<br />and Expansion Area No. 16 by the adoption of Resolution 1977, adopted on July 18, 2003, and
<br />Expansion Area No. 17 by the adoption of Resolution 2006, adopted on November 7, 2003, and
<br />Expansion Area No. 18 by the adoption of Resolution 2019, adopted on December 19, 2003 and
<br />Expansion Area No. 19 by the adoption of Resolution 2090, adopted on October 22, 2004 referred
<br />to the Allocation Area, as expanded, as Airport Economic Development Area Allocation Area No. 1,
<br />( "Airport Economic Development Area Allocation Area No. 1 "); and
<br />WHEREAS, the Development Plan includes a list of the parcels of property within the Area to
<br />be acquired; and
<br />WHEREAS, it is not necessary at this time to modify the list of parcels of property within the
<br />Area to be acquired by adding parcels of property to the Property Acquisition List; and
<br />WHEREAS, Section 17.5 of the Act provides for the means for amending a resolution or plan
<br />in a way that enlarges the boundaries of an economic development area by not more than twenty
<br />percent (20 %) of the original economic development area or adds one (1) or more parcels to the
<br />Property Acquisition List; and
<br />WHEREAS, there was presented at this meeting of the Commission for its consideration and
<br />approval a proposed amendment to the Development Plan setting out the boundaries of the Area as
<br />expanded ( "Area "), adding parcels of property to the Property Acquisition List and further identifying
<br />the types of economic development projects and purposes to be undertaken in the Area (the
<br />Development Plan as amended is hereinafter referred to as the "Development Plan "), which
<br />Development Plan is entitled:
<br />3
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