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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Office, thence along the boundary of said Plat for the next three (3) courses, N. 00'-22'-23" E., 386.03 feet and S. 901-00'-00" E., 995.85 feet and S. 00'-24'-09" W., 385.95 feet to the Centerline of Douglas Road and the North line of the Plat of "LaFree's Douglas Road Minor Subdivision" as Recorded by Document No. 0438848 in the Records of said Recorder's Office; thence S. 901-00'-00" E. along said Centerline and North line, 131.95 feet to the Northeast corner of said Plat; thence S. 00'-16'-07" W. along the East line of said Plat, 782.00 feet to a point on the North line of the Plat of "Hartman's Douglas Road Minor Subdivision" as recorded in the Records of said Recorder's Office; thence along the Boundary of said Plat for the next twelve (12) courses, N. 89'-52'-15" E., 200.51 feet and S. 000-19'-34" W., 567.55 feet and S. 89'-55'-55" W., 454.13 feet and N. 000-18'-07" E., 300.32 feet and N. 831-31'-41" W., 364.78 feet and N. 00--08'-39" E., 226.95 feet and N. 89'-57'-12" W., 509.91 feet and N. 000-31'-07" W., 287.09 feet and N. 89'-44'-18" E., 134.10 feet and N. 010-07'-30" E., 243.39 feet and N. 89'-52'-54" E., 187.70 feet and N. 000-14'-52" E., 199.71 feet to the South Right-of-way line of Douglas Road; thence S. 89'-57'-53" W. (Record, West) along said South line, 324.33 feet more or less to a point on the West line of the East half of the Northeast Quarter of said Section 32; thence N. 00 °- 31' -07" E. along said West line, 20.00 feet more or less to the Point of Beginning. WHEREAS, the public health, safety and welfare would be benefited by the development of the Area in accordance with the provisions of the Redevelopment Act; and WHEREAS, the Commission has caused to be prepared maps and plats showing the boundaries of the Area, the location of various parcels of property, streets, alleys, and other features affecting the development of the Area and the portions of the Area that are to be devoted to public ways, levees, sewerage, parks, playgrounds, and other public purposes; and WHEREAS, there was presented to the December 2, 2005 public meeting of the Commission for its consideration and approval, a copy of the Economic Development Plan for the Area consisting of _ pages with attachments, a copy of which is attached hereto and incorporated herein as Exhibit "A "; and WHEREAS, the Commission has, at a meeting open to the public, heard and received evidence, reviewed the maps, plats and surveys as presented and considered same; and WHEREAS, Section 43 of the Redevelopment Act provides that an economic development area may be an allocation area for the purposes of distribution and allocation of property taxes levied on real property within a designated allocation area; and Res2l99—SBRC—Declaratoi-y.051202.doc 2