No. 1955 designating/declaring the SSED projectdistrict, approving the SSED project district development plan and determining to create an economic dev project district for purposes of sales TIF

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r Southerly and Southeasterly to the North right -of -way line of Ireland Road; thence East along said North right -of -way line of Ireland Road to the West right -of -way line of Miami Street; thence Northeasterly and North along the West right -of -way line of Miami Street to the South right -of -way line of Alpine Drive projected West; thence East along said South right -of -way line and its projection to the East line of Lot A Broadmoor Section 3 Revised; thence Southeasterly to the Northeast corner of Lot 254; thence East and Northeasterly to the Northeast corner of Lot 247; thence Southeasterly to the Southwest corner of Lot 246 and being on the North right -of -way line of Ireland Road; thence East along said North right -of- way line to the West right -of -way line of Ironwood Road; thence Northeasterly and North along said West right -of -way line of Ironwood Road to a point 100 feet North of the centerline of Ireland Road; thence East to the East right -of -way line of Ironwood Road; thence Southeasterly to the North right -of -way line of Ireland Road; thence East along said North right -of -way line of Ireland Road to the place of beginning containing 217.70 acres more or less. WHEREAS, as a result of its investigations, studies and surveys, the Commission has found that the area heretofore described and proposed as the "South Side Economic Development Project District' ( "District') is stagnant and deteriorated, that economic conditions in said area are beyond remedy and control by existing regulatory processes because of the substantial public financial commitments necessary to encourage significant increased in economic activities in said area, and economic development of said area can be accomplished only by a coordinated effort of local and state governments; and WHEREAS, the Commission has heretofore caused to be prepared maps and plats showing the boundaries of the proposed District, a complete list of street names and the range of street numbers of each street situated in the proposed District, a plan for the redevelopment of the proposed District describing the local public improvements necessary or appropriate for the redevelopment or economic development of the proposed District; and WHEREAS, the Commission has determined that the proposed District contains a commercial retail facility with at least five hundred thousand (500,000) square feet; and WHEREAS, there was presented to this meeting of the Commission for its consideration and approval, a copy of the plan for redevelopment and economic development of the proposed District, dated f8 C, (c k A 1 , 2003, which plan is entitled the "South Side Economic Development Project District Development Plan" ( "Plan ") as proposed by this Declaratory Resolution dated Mcirc �N (,�L 1 , 2003, and consisting of a' pages and i 7 exhibits;, a copy of which is attached hereto and incorporated herein as Exhibit "A" and WHEREAS, the Plan describes the local public improvements necessary or appropriate for the redevelopment or economic development of the proposed District; and L, -3-