No. 1669 expanding the boundaries of WWCDA, expanding the allocation area for purposes of TIF and amending the development plan for the WWCDA

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a projected North right -of -way line of Hine Street; thence East along the projected and North right -of -way line of Hine Street to the intersection of the East right -of -way line of Walnut Street; thence South along the East right -of -way line of Walnut Street to the intersection of the South property line of the City Cemetery; thence East along the South property line of said Cemetery to the intersection of the East property line of said Cemetery; thence North along the East property line of said Cemetery to a point approximately 39.0 feet North of the Northwest Corner of Lot 6 of Kuespert & Sommer's Addition (now noted as Block W44- Parcel 7); thence Northeasterly along a projected line and parallel with the Northwesterly line of Kuespert & Sommer's Addition to the intersection of the centerline of LaPorte Avenue; thence Northwesterly along the centerline of LaPorte Avenue to the intersection of the projected centerline of the first 14.0 foot East -West alley lying North of LaSalle Court; thence East along the centerline of said alley to the intersection of the West property line of Lot 1, part of the original Lot 1 of Chapin's Subdivision of bank outlots 1 and 2; thence South along the West property line of said Lot 1 to the Northwest corner of Lot 3 of Horatio Chapin Subdivision (now noted as Block W52- Parcel 6); thence Southeasterly along the North property line of Lots 3,5,7,9 and 11 (now noted as Block W52 - Parcels 6,7,8,9 and 10) to the intersection of the centerline of William Street; thence South along the centerline of William Street to the point of beginning. 2. The West Washington- Chapin Allocation Area ( "West Washington- Chapin Allocation Area No. lA ") is hereby expanded to include Expansion Area No. 2 as described in the fourth WHEREAS Clause above, so that the boundaries of the Allocation Area and the Area are coterminous. Any taxes levied on property imposed under IC 6 -1.1 in the Allocation Area shall be allocated, distributed and used as provided in Resolution No. 818, as amended, and the Act. The base assessment date for Expansion Area No. 2, for purposes of the Act, is March 1, 1998. The Allocation Area shall be hereinafter known as "West Washington- Chapin Allocation Area No. 1 A ". 3. To accomplish development of the Area it is necessary to acquire additional land within the Area, as shown on Exhibit "A" attached hereto and incorporated herein. 4. It is estimated that the cost of acquisition of the property being added to the acquisition list is $ 30,000. 5. The proposed amendment to the Development Plan, inclusion of pages 2a, 4a, 5a, 6a, 7a, 9a, 10a, 11 a, 16g and 16h; as attached hereto is hereby in all respects approved. 6. The Commission finds that the proposed amendment to the Development Plan and to Resolution no. 818, as amended, is reasonable and appropriate when considered in relation to the Development Plan and to Resolution No. 818, as amended, respectively, and the purposes of the Act. 7. The Commission finds that the Development Plan, as amended, and Resolution No. 818, as amended and as hereby further amended, conform to the comprehensive plan of the City. 8. The Secretary is hereby directed to file a certified copy of said Development Plan, as amended, with the minutes of this meeting. 9. The Secretary is directed to record this resolution pursuant to the requirements of I.C. 36-7-14 - 17.5(g). 10. All other findings, determinations, and conclusions in Resolution No. 818, as amended, shall remain as stated therein. 11. The allocation provision for the area described as expansion area 2 shall expire December 31, 2028.