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WHEREAS,the Comrnission previously adopted theDevelopment Pla�l and now desues to <br /> amend tlle Development I'lan to provide for the acquisition of the parcel of property set forth in <br /> Exhibit A; and <br /> WHEREAS, on April 12, 2Qi 1, the Commission authorized tlze Department to conduct <br /> surv'eys and investigations and to thoroughly study the Airport Econon�ic Development Area within <br /> the City; <br /> WHEREAS,pursuantto the Act,the Depar6ment has conducted surveys and investigations <br /> and has thoroughly studied the Airport Econ�mic Deve]opment Area and the Development PIan;and <br /> WHEREAS, upon such surveys, investigations and siudies having been made, the <br /> Commission finds that the Plan Amendment aannot be achieved by regulatoryprocesses or by the <br /> ordinary operations ofprivate enterprise without resort fo the powers allowed under the Act and that <br /> the public health and welfare wi31 be benefited by the accomplishment of the PIan Amendment <br /> which shaIl include the acquisition of the properties identified in Exhibit A;and <br /> VYHEREAS,the Plan Amendment confornls io otIier developmentand redevelopmentplans <br /> for the City. <br /> .NOW, THEREFORE, BE TT RESOLVED BY THE SOUTH BEND <br /> REDEVELOPMENT COMMISSION, G�VERNING BODY OF THE CTTY OF SOUTH <br /> BEND DEPARTMENT OF REDEVELOPMENT,AS FOLLOWS: <br /> l. The Coinmission hereby determines tha#to accomplish the redeveiopment of the Area, <br /> it is necessary to acquire additional land within the Area,as shown on Exhibit A attached I�ereto and <br /> incorporated herein. <br /> 2. The Commission hereby determines that the public health and welfa�•e will 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 ntility and benefit as measured by: <br /> a) the attraction or r�tention ofpermanent jobs; <br /> b) an increase in the property base; <br /> c) impraved diversity of the economic base; <br /> d) other similar public benefits. <br /> 4. The Commission hereby deterniines that the estimated cost of acquisition an.d <br /> redeveloprnent of the property being added to the acquisirion list is$750,000.00. <br />