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0 1.0 INTRODUCTION <br />Considerable economic growth is occurring at the east central boundary of the Development <br />Area. Further economic growth will be stifled if room for development is not approached in an <br />integrated and coordinated fashion. In order to assure that such growth occurs it is necessary to <br />expand the eastern boundary of the Development Area. The area to be included as Expansion <br />Area No. 7 contains several parcels that are vacant and others that contain residences, rental <br />housing, surface parking lots, offices and commercial /light industrial activities. Expansion Area <br />No. 7 consists of a total of 15 property parcels. Inclusion of the parcels in the Development Plan <br />will permit development to grow along the eastern border in an orderly fashion and in a timely <br />manner. Not including Expansion Area No. 7 in the Development Area could force entities in the <br />Development Area to look elsewhere outside the Area. This, in turn, would negatively impact <br />efforts by the City and the Commission to achieve the goals and objectives of the Development <br />Plan. <br />2.0 DEVELOPMENT PLAN GOALS/DEVELOPMENT PLAN OBJECTIVES <br />The goals and objectives as described in the South Bend Central Development Area <br />Development Plan as amended will be followed in Expansion Area No. 7. More specifically the <br />Development Plan Objectives as listed for the East Bank shall be applied to Expansion Area No. <br />7. <br />3.0 OTHER PROVISIONS AND REQUIREMENTS OF THE DEVELOPMENT PLAN <br />Expansion Area No. 7 shall be included as part of Area G as described in Sub - section IR.A.2.b of <br />the Development Plan All other provisions and requirements of the Development Plan shall be <br />followed. Any deviations or exceptions where permitted within the Development Plan will be <br />approved by the Redevelopment Commission. <br />4.0 LIST OF PROPERTIES TO BE ACQUIRED <br />A list of properties to be acquired as a component of this plan amendment is contained in <br />Attachment I to this Exhibit. <br />117511,114FRIP, 1111111111b! <br />—- <br />The pages contained in Attachment H to this Exhibit hereby replace pages 7 and 8 of the <br />Development Plan as amended by Resolutions 2014 and 2015, both adopted on December 19, <br />2003. <br />• <br />