No. 2016 designating the NNDA, declaring the NNDA to be blighted, approving a development plan and conditions under which relocation payments will be made, and establishing an allocation area for purposes of TIF

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A which the Commission will be guided in providing for such persons displaced by the action of the Commission. BE IT FURTHER RESOLVED that all proceedings related to the redevelopment of the herein described area shall be referred to as the Northeast Neighborhood Development Area. BE IT FURTHER RESOLVED that the redevelopment of the Area shall be in accordance with the Northeast Neighborhood Development Area Plan. BE IT ALSO RESOLVED, that the Commission proposes the following findings subject to confirmation after a duly called public meeting: i. Based upon evidence submitted to the Commission, the Cominission finds and determines that there is a substantial presence in the area designated as the Northeast Neighborhood Development Area ( "Area ") of excessive vacant land, abandoned or vacant buildings, old buildings, excessive vacancies, substandard structures, deteriorating infrastructure, and lack of infrastructure sufficient to support redevelopment of the Area. ii. 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. iii. 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. iv. The Northeast Neighborhood Development Area Plan ( "Plan") for the Area will result in the demolition and /or selective demolition and reuse of blighted structures. Alleviating this blight and its blighting influence is projected to be a catalyst to ongoing and future development in the Area. V. The Plan for the Area delineates five (5) Sub -Areas to be known as (i) the Eddy Street Commercial Redevelopment Area (ii) the Georgiana - Talbot Residential Redevelopment Area; (iii) the Homeownership Preservation Area; (iv.) The St. Joseph Regional Medical Center Redevelopment Area; and (v) the Madison Center Campus Housing and Commercial Redevelopment Area. vi. The Plan for the Area cannot be achieved without the designation of the Area as a redevelopment area because of stagnated or depressed levels of private investment within the Area and because of the existence of blighted conditions as -3-