No. 1928 confirmatory resolution of SBRC for SSDA ratifying/confirming No. 1914 designating the SSDA, declaring the SSDA to be blighted approving a dev. plan establishing TIF

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in the South Side Development Area is accurately described in the first "WHEREAS" clause above. NOW, THEREFORE, BE IT RESOLVED that the South Bend Redevelopment Commission, Governing Body of the City of South Bend Department of Redevelopment, now confirms that the area described in the first "WHEREAS" clause above is blighted and deteriorating, that such area constitutes a menace to the social and economic interests of the City of South Bend and its inhabitants, and that the redevelopment of such area shown on the described maps and plats under the provisions of the Redevelopment of Blighted Areas Act of 1981 ("Act"), as Amended and Supplemented (Ind. Code § 36- 7 -14 -1 et seq.), will be of public utility and benefit. BE IT FURTHER RESOLVED that the proposed project and the plan of redevelopment as set forth in the Commission's Declaratory Resolution No. 1914, adopted by the South Bend Redevelopment Commission, Governing Body of the City of South Bend, Department of Redevelopment, on November 1, 2002, is of public utility and benefit and said Declaratory Resolution is now hereby ratified, confirmed and approved. BE IT FURTHER RESOLVED, after careful consideration of the evidence submitted to the Commission, the Commission hereby adopts and confirms the following Findings of Fact for the South Side Development Area: 1. The Commission finds and determines that there is a substantial presence in the area designated as the South Side Development Area ( "Area ") of excessive vacant land or which structures were located, abandoned or vacant buildings, old buildings, excessive vacancies, substandard structures and delinquency in the payment of real property taxes. 2. The Commission further finds that the Area is blighted and constitutes a menace to the social and economic interest of the City of South Bend and its inhabitants, and it will be of public utility and benefit to acquire land within such Area and to redevelop it under the Act. 3. The assessed value of the real property of the Area when added to the assessed value of the real property located in all redevelopment areas does not exceed twenty percent (20 %) of the total assessed value of the real property located in the City of South Bend. 4. The South Side Development Area Plan ( "Plan") for the Area will result in the demolition and/or selective demolition and reuse of severely blighted structures. Alleviating this blight and its blighting influence is projected to be a catalyst to ongoing and future development in the area. 5. The Plan for the Area delineates four (4) Sub -Areas to be known as (i) the East Ireland Road Sub -Area; (ii) the Erskine Hills Sub -Area; (iii) the South Gateway Page -5-