No. 2105 expanding the boundaries of SBCDA, expanding the allocation area for purposes of tax increment financing/amending development plan for SBCDA

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• WHEREAS, Resolution No. 737 was further amended by Resolution No. 2029 adopted on February 20, 2004; and WHEREAS, in accordance with the Act, the Commission desires to amend Resolution No. 737 by expanding the South Bend Central Development Area to add the following described area hereinafter referred to as "Expansion Area No. 7" in order to facilitate and enhance the replanning and redevelopment of the South Bend Central Development Area, which Expansion Area No. 7 is more particularly described as follows: Beginning at a point that is 66 feet North of the North right -of -way line of Washington Street and is on the centerline of the first alley East of Hill Street; thence East to the East right -of- way line St. Louis Boulevard; thence South along said East right -of -way line to the North right -of -way line of Washington Street; thence East on said North right -of -way line to the East right-of-way line of the first North -South alley East of St. Louis Boulevard; thence South along said East right -of -way line to the South right -of -way line of the first East -West alley South of Washington Street; thence West along South right -of -way line of said alley to the centerline of the first 14 -foot North -South alley lying East of Hill Street; thence North along said centerline to the point of beginning and containing 2.97 acres, more or less; and WHEREAS, Section 17.5 of the Act provides for the means for amending a resolution or plan in a way that enlarges the boundaries of a redevelopment area by not more than twenty percent (20 %) of the original redevelopment area or adds one (1) or more parcels to the list of parcels of property to be acquired; and WHEREAS, consistent with the Act, the Commission has previously caused to be prepared certain maps and plats of the South Bend Central Development Area, and has supplemented said maps and plats of the South Bend Central Development Area by causing to be prepared additional maps and plats depicting a blighted area that is located adjacent to the South Bend Central Development Area and heretofore referred to as "Expansion Area No. 7 "; and WHEREAS, said maps and plats of the South Bend Central Development Area and Expansion Area No. 7 show the boundaries of said areas, the location of the various parcels of property, streets, alleys and other features affecting the acquisition, clearance, replatting, replanning, rezoning or redevelopment of said areas and parts of the areas that are to be devoted to public ways, levees, sewerage, parks, playgrounds and other public purposes under the plan for redevelopment of the South Bend Central Development Area and Expansion Area No. 7 as described above; and WHEREAS, the Commission desires to further amend Resolution No. 737 by expanding the South Bend Central Development Area to include Expansion Area No. 7 in order to facilitate and enhance the replanning, redevelopment and disposition ofproperty within said combined areas; and WHEREAS, the South Bend Central Development Area as expanded by Expansion Area No. 7 shall hereinafter be referred to as the "South Bend Central Development Area "; and 6