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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -August 25, 2006 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearing <br />() continued... <br />is expected to built out by 2017. The <br />expansion of the Airport Economic <br />Development Area meets eight of the goals <br />and objectives of the Airport Economic <br />Development Area Development Plan: (1) to <br />stimulate the development of currently <br />vacant land through the creation of <br />development sites, (2) to stimulate new <br />private development in the area, (3) to <br />increase and diversify the city's tax base, <br />(4) to create a significant number of job <br />opportunities for the citizens of South Bend, <br />(5) to provide new space for the expansion of <br />South Bend business, (6) to improve roadway <br />access and circulation in the northwest <br />portion of the city surrounding the Michiana <br />Regional Airport, (7) to stimulate increased <br />use and growth of the Michiana Regional <br />Airport and (8) to increase user traffic for the <br />Indiana Toll Road, specifically Exit 72. The <br />expansion also conforms to the St. Joseph <br />County Comprehensive Plan by providing <br />clean industrial development in an area <br />designated for it that is contiguous and <br />compatible to existing uses in the area. This <br />expansion of 162 acres equates to 3.28% of <br />the size of the existing Airport Economic <br />Development Area, making this a minor <br />expansion. Staff recommends approval of <br />Resolution No. 2254. <br />Mr. King opened the Public Hearing for PUBLIC HEARING ON RESOLUTION N0.2254 <br />anyone wishing to speak in favor of <br />Resolution No. 2254. <br />MR. JOHN PHAIR: President of Holladay <br />10 <br />