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WHEREAS,tl�e Commission previously ado}�ted the Development Plan and now desires to <br /> amend tlie Development Plan to provide for the acquisition of die parcel of prope�ty set forth in <br /> Exhibit A; and <br /> WHEREAS, on April 12,2011, the Commission authorized the Department to conduct <br /> surveys and investigations and to thoroughly study the Airport Economic Development Area within <br /> the City; <br /> ��VHEREAS,pursuant to the Act,the Department has conducted surveys and investigations <br /> and has thoroughly studied the AirportEconomic Development Area and the Development Plan;and <br /> WHEREAS, upon such surveys, investigations and studies having been made, the <br /> Commission finds that the Plan Amendment cannot be achieved by regulatory processes or by the <br /> ordinaryoperations of private enterpi-ise without resort to the powers allowed under the Act and that <br /> the public health and welfare-will be benefited by the accomplishment ofthe Plan Amendment <br /> wl�ich shall include the acquisition of the properties identified in Exhibit A; and <br /> WHEREAS,the Plan Amendment conforms to other development and redevelopment plans <br /> for the City. <br /> NOW, THEREFORE, BE IT RESOLVED SY TI�E SOUTH BEND <br /> REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF SOUTH <br /> BEND DEPARTMENT OF REDEVELOPMENT,AS FOLLOWS: <br /> 1. The Commission hereby determines that to accomplish the redevelopment of the Area, <br /> it is necessary to acquire additional land within the Area,as shown on Exhibit A attached hereto and <br /> incorporated herein. <br /> 2. The Commission hereby determines that the public health and welfare wit] be <br /> benefited by the accomplishment of the Plan Amendment. <br /> 3. The Commission hereby determines that the accomplishment ofthe Plan Amendment <br /> will be of public utility and benefit as measured by: <br /> a) the attraction or retention of permanent jobs; <br /> b) an increase in the property base; <br /> c) improved diversity of the economic base; <br /> d) other similar public benefits. <br /> 4. The Commission hereby deternlines that the estimated cost of acquisition and <br /> redevelopment of the property being added to the acquisition list is $750,000.00. <br />