05-23-11 Council Agenda & Packet

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WHEREAS,the Commission previously adopted the Development Plan and now desires to amend the Development Plan to provide for the acquisition of the parcel of property set forth in Exhibit A; and WHEREAS, on April 12, 2011, the Commission authorized the Department to conduct surveys and investigations and to thoroughly study the Airport Economic Development Area within the City; WHEREAS,pursuant to the Act,the Departmenthas conducted surveys and investigations and has thoroughly studied the Airport Economic D eve]opmentArea and the Development Plan;and WHEREAS, upon such surveys, investigations and studies having been made, the Commission finds that the Plan Amendment cannot be achieved by regulatory processes or by the ordinary operations of private enterprise without resort to the powers allowed under the Act and that the public health and welfare.will be benefited by the accomplishment of the Plan Amendment which shall include the acquisition of the properties identified in Exhibit A; and WHEREAS,the Plan Amendment conforms to other development and redevelopment plans for the City. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT, AS FOLLOWS: I. The Commission hereby determines that to accomplish the redevelopment of the Area, it is necessary to acquire additional land within the Area,as shown on Exhibit A attached hereto and incorporated herein. 2. The Commission hereby determines that the public health and welfare will be benefited by the accomplishment of the Plan Amendment. 3, The Commission hereby determines that the accomplishment of the Plan Amendment will be of public utility and benefit as measured by: a) the attraction or retention of permanent}obs; b) an increase in the property base; C) improved diversity of the economic base; d) other similar public benefits. 4. The Commission hereby determines that the estimated cost of acquisition and redevelopment of the property being added to the acquisition list is $750,000,00.