No. 2000 contracting the boundaries of the WWCDA, reducing the allocation area for purposes of TIF and amending the development plan for the WWCDA

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WHEREAS, the Development Plan has been revised consistent with the proposed amendment herein and has been considered by the Commission at its meeting; and WHEREAS, the Development Plan as amended consists of a typewritten document comprised of 18 pages plus modifications and one Attachment with 4 Appendices; and WHEREAS, Section 39 of the Act permits the creation of an allocation area within a blighted area to provide for the allocation and distribution, as provided in the Act, of the proceeds of taxes levied on property situated in the allocation area; and WHEREAS, the Commission in accordance with the Act, has previously established the West Washington- Chapin Allocation Area; and WHEREAS, the Commission, in accordance with the Act, has previously expanded the boundaries of the West Washington- Chapin Allocation Area to include: Expansion Area No. 1 by the adoption of Resolution No. 908, adopted on February 23, 1990; and Expansion Area No. 2 by the adoption of Resolution No. 1669, adopted on February 19, 1999; and WHEREAS, the West Washington- Chapin Allocation Area as expanded has been designated the "West Washington- Chapin Allocation Area No. lA "; and WHEREAS, the West Washington- Chapin Allocation Area No. IA includes the area heretofore referenced as Reduction Area No. 1; and WHEREAS, the Commission now desires to modify the boundaries of the West Washington- Chapin Allocation Area No. 1 A to exclude that area heretofore referenced as Reduction Area No. 1 so that the boundaries of the allocation area as modified are coterminous with the boundaries of the West Washington- Chapin Development Area; and WHEREAS, the allocation area, as modified herein, shall be hereinafter referenced as the "West Washington- Chapin Allocation Area No. lA "; and WHEREAS, Section 17.5 of the Act provides for the means for amending a resolution or plan in a way that enlarges the boundaries of a redevelopment area by not more than twenty percent (20 %) of the original redevelopment area or adds one (1) or more parcels to the list of parcels of property to be acquired; and WHEREAS, Section 17.5 of the Act provides for a public hearing to be held by the Commission, at which public hearing all persons interested in the proceedings and who have timely filed written remonstrances may be heard; and WHEREAS, the Commission has complied with the notice provisions of Section 17.5 of the Act; and c.