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c <br />South Bend Redevelopment Commission <br />Regular Meeting— December 19, 2003 <br />6. NEW BUSINESS <br />A. Public Hearings <br />(3) continued... <br />individual residents and business owners <br />who might be impacted by this potential <br />project. <br />The Northeast Neighborhood Development <br />Area will be declared a Tax Increment <br />Finance allocation area, which will serve to <br />direct nonresidential property tax increment <br />generated back into the Area. The resources <br />needed to bring about the reversal of blight <br />conditions will have to come from the <br />partnership efforts of multiple sources over <br />many years, including federal, state and local <br />governments, not - for - profits and <br />neighboring institutions, private sector <br />developers and other neighborhood <br />stakeholders. The plan identifies no <br />properties for acquisition at this time. <br />In accordance with state statute, Confirming <br />Resolution No. 2021 specifically ratifies the <br />findings of blight, confirms the <br />Development Area to be specifically known <br />as the "Northeast Neighborhood <br />Development Area," and declares the <br />redevelopment of the Area to be in the <br />public interest of the City. It also approves <br />for the record the Northeast Neighborhood <br />Development Area Development Plan, <br />together with all maps, plats and surveys <br />which are included, and assures <br />development of the Area will be in <br />accordance with the Plan presented to the <br />Commission. In addition, Resolution <br />31 <br />