No. 2199 designating and declaring douglas road EDA, approving EDA plan and establishing an allocation area for purpose of tax incremental financing

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RESOLUTION NO, 2199 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DESIGNATING AND DECLARING THE DOUGLAS ROAD ECONOMIC DEVELOPMENT AREA, APPROVING AN ECONOMIC DEVELOPMENT PLAN, AND ESTABLISHING AN ALLOCATION AREA FOR PURPOSES OF TAX INCREMENTAL FINANCING WHEREAS, the South Bend Redevelopment Commission ("Commission") is the governing body of the South Bend, Indiana Department of Redevelopment ("Department") and exists and operates under the provisions of the Redevelopment of Blighted Areas Act of 1981, Indiana Code § 36-7-14-1, et seq., as amended and Supplemented from time-to-time- ("Redevelopment Act"); and WHEREAS, the Commission, in accordance with the duties granted Linder authority of the Act, has conducted surveys, made investigations of areas within the City I of South Bend that would attract private development, promoting significant job opportunities within the City of South Bend, Indiana and the causes which would prevent such development from occurring; and 40 WHEREAS, such investigations, studies and surveys have been made in cooperation with the various departments and bodies of the City and have been directed toward determining the proper use of land and improvements thereon so as to best serve the interests of the City and its inhabitants, both from the standpoint of human needs and economic welfare and in a manner that will best accomplish the purposes of the Redevelopment Act; and WHEREAS, as a result of such investigations, studies and surveys, the Commission has found that development of the area described herein will attract private development and provide significant job opportunities for the citizens of the City of South Bend; and WHEREAS, the Corrin-iission has found the following described area in the City of South Bend, Indiana ("Area") to be lacking in adequate public improvements 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 provisions of the Redevelopment Act, and which Area is bounded and described as follows: That part of the Southeast Quarter of Section 29 and the Northeast Quarter of Section 32, both being in Township 38 North, Range 3 East, Clay Township, City of South Bend, St. Joseph County, Indiana, which is described as: Beginning at the Southwest comer of the Plat of "Eclipse Douglas Road Minor Subdivision" as Recorded by Document No. 0525591 in the Records of the St. Joseph County, Indiana Recorder's Res2l 199—SBRC—Declai-atory.051202.doc