No. 2015 contracting the boundaries of the SBCDA, reducing the allocation area for purposes of TIF and amending the development plan for the SBCDA

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L WHEREAS, the Commission now desires to modify the boundaries of the South Bend Central Allocation Area No. I 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 South Bend Central Development Area; and WHEREAS, the allocation area, as modified herein, shall be hereinafter referenced as the "South Bend Central Allocation Area No. lA "; 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 WHEREAS, at the hearing held by the Commission on the 17`x' day of November, 2003, at 10:00 a.m. Eastern Standard Time, at 1308 County -City Building, South Bend, Indiana, the Commission heard all persons interested in the proceedings and received and considered written remonstrances and objections and other such evidence presented. THE COMMISSION HEREBY FINDS THAT: (i). The proposed amendment to Resolution No. 737 to exclude Reduction Area No. 1 is reasonable and appropriate when considered in relation to Resolution No. 737 and the purposes of the Act. (ii). The proposed amendment to the South Bend Central Development Area Development Plan is reasonable and appropriate when considered in relation to the Development Plan and the purposes of the Act. (iii). Resolution No. 737, as amended herein, conforms to the comprehensive plan for the City. (iv). The Development Plan, as amended herein, conforms to the comprehensive plan for the City. NOW, THEREFORE BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT, AS FOLLOWS: (1). The South Bend Central Development Area is hereby reduced to delete Reduction Area No. 1 as described in the 32nd WHEREAS clause above. (2). The South Bend Central Development Area, as reduced herein to exclude Reduction Area No. 1 shall be hereinafter known as the "South Bend Central Development Area" and is more particularly described as follows: Beginning at the point of intersection of the South right -of -way line of Sample Street with the West right -of -way line of Michigan Street; thence North along said West right -of -way line of Michigan Street to its intersection with the Northerly line of the