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facilities and utilities within the Area. <br />16. The Plan for the Area will allow for the planned acquisition of parcels of real <br />property related to the expansion of public roadways and utility structures. <br />17. The Plan for the Area conforms to other development and redevelopment <br />plans for the City of South Bend and conforms to the comprehensive plan of the City <br />of South Bend. <br />18. The Plan is reasonable and appropriate when considered in relation to the <br />purpose of Chapter 14, Article 7, Title 39 of the Indiana Code. <br />19. The Plan is in all respects ratified, confirmed and approved, and the Secretary <br />is directed to file a certified copy of the Plan with the minutes of this meeting and to <br />record a certified copy of the Plan in the Office of the Recorder of St. Joseph County, <br />Indiana. <br />BE IT FURTHER RESOLVED that, pursuant to Ind. Code § 36- 7 -14 -39 of the Act: <br />A. For purposes of the allocation provisions of the Act, as authorized by Ind. Code § 36- <br />7- 14 -39, and as used in this Resolution for the purposes of distribution of real property taxes, the <br />"allocation area" of the South Side Development Area, and which area is more more particularly <br />described in the first "WHEREAS" clause above; and <br />B. Any real property taxes hereinafter levied by or for the benefit of any public body <br />entitled to a distribution of property taxes on taxable property within the allocation area be allocated <br />and distributed as follows: <br />(1) Except as otherwise provided in this section, the proceeds of the taxes <br />attributable to the lesser of: <br />(A) the assessed value of the property for the assessment date <br />with respect to which the allocation and distribution is made; or <br />(B) the base assessed value; <br />shall be allocated to and, when collected, paid into the funds of the <br />respective taxing units. <br />(2) Except as otherwise provided in this section, property tax proceeds in excess <br />of those described in subdivision (1) shall be allocated to the redevelopment <br />district and, when collected, paid into an allocation fund for that allocation <br />area that may be used by the redevelopment district only to do one (1) or <br />Page -7- <br />