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WHEREAS, Section 43 of the Act permits the creation of an allocation area within an
<br />economic development area to provide for the allocation and distribution, as provided by the
<br />Act, of the proceeds of taxes levied on property situated in the allocation area; and
<br />WHEREAS, the Commission in accordance with the Act, has previously established
<br />the Airport Economic Development Area, Allocation Area No. 1 ( "Allocation Area No. 1
<br />and
<br />WHEREAS, the Commission, in accordance with the Act, expanded the boundaries of
<br />the Airport Economic Development Area, Allocation Area No. 1 to include Expansion Area
<br />No. 1 and Expansion Area No. 2 by the adoption of Resolution No. 965, adopted on
<br />November 9, 1990, and confirmed by Resolution No 971, adopted on January 2, 1991 and
<br />Expansion Area No. 3 by the adoption of Resolution No. 1058, adopted on May 22, 1992
<br />(Allocation Area No. 1, as expanded, is referred to hereinafter as "Airport Economic
<br />Development Area Allocation Area No. 1 "); and
<br />WHEREAS, the geographic area comprising the Airport Economic Development Area
<br />Allocation Area No. 1 is coextensive with that area comprising the Airport Economic
<br />Development Area (AEDA), as described in the third whereas clause above; and
<br />WHEREAS, the Commission now desires to expand the boundaries of the Airport
<br />Economic Development Area Allocation Area No. 1 to include the area in Expansion Area
<br />No. 4 and this expanded allocation area, comprising Airport Economic Development Area
<br />Allocation Area No. 1 and Expansion Area No. 4, is hereinafter referred to as the
<br />"Allocation Area"; and
<br />WHEREAS, Section 17.5 of the Act provides for the means for amending a resolution
<br />or plan in a way that enlarges the boundaries of an economic development area by not more
<br />than twenty percent (20%) of the original economic development area; and
<br />WHEREAS, there was presented at this meeting of the Commission for its
<br />consideration and approval a proposed amendment to the Development Plan setting out the
<br />boundaries of the AEDA as expanded, and further identifying the types of economic
<br />development projects and purposes to be undertaken in the AEDA (the Development Plan as
<br />Parcels of land located in the Northwest Quarter of Section 21 and
<br />the Northeast Quarter of Section 20, Township 38 North, Range 2
<br />East, German Township, St. Joseph County, Indiana. More
<br />particularly described as follows:
<br />Beginning at the center point of Section 21, thence North along the
<br />West line of the Toll Road Industrial Park Subdivision 1325.083 feet;
<br />thence West 661.02 feet; thence North 1280 feet, more or less to
<br />'
<br />the center line of Brick Road; thence West 661.02 feet; thence South
<br />530 feet; thence West 138.48 feet, thence South 465 feet, more or
<br />less to the South line, extended east, of the Hartman & DeMaegt
<br />Subdivision and the High Meadows Estates Subdivision; thence West
<br />along the South line of the Hartman & DeMaegt Subdivision and the
<br />i
<br />High Meadows Estates Subdivision to the Southwest corner of Lot 35
<br />E
<br />of High Meadows Estates Subdivision; thence North along the West
<br />line of said subdivision to a point 750 feet south of the centerline of
<br />'
<br />Brick Road; thence West parallel with the centerline of Brick Road
<br />420 feet, more or less; thence North parallel with the west line of
<br />said subdivision 750 feet to the centerline of Brick Road; thence West
<br />along the centerline of Brick Road to the centerline of Mayflower
<br />!
<br />Road; thence South 1308 feet; thence Southeast 74.74 feet; thence
<br />East by Southeast 2757 feet along the North right -of -way line of
<br />Cleveland Road Extension; thence North 669.74 feet; thence East
<br />561.72 feet; thence South 795.17 feet to the North right of way line
<br />of Cleveland Road Extension; thence Southeasterly 1630.36 feet
<br />along the North right -of -way line of Cleveland Road Extension; thence
<br />9
<br />East 180 feet to the center point of Section 21, being the point of
<br />beginning and containing approximately 140.9 acres.
<br />WHEREAS, Section 43 of the Act permits the creation of an allocation area within an
<br />economic development area to provide for the allocation and distribution, as provided by the
<br />Act, of the proceeds of taxes levied on property situated in the allocation area; and
<br />WHEREAS, the Commission in accordance with the Act, has previously established
<br />the Airport Economic Development Area, Allocation Area No. 1 ( "Allocation Area No. 1
<br />and
<br />WHEREAS, the Commission, in accordance with the Act, expanded the boundaries of
<br />the Airport Economic Development Area, Allocation Area No. 1 to include Expansion Area
<br />No. 1 and Expansion Area No. 2 by the adoption of Resolution No. 965, adopted on
<br />November 9, 1990, and confirmed by Resolution No 971, adopted on January 2, 1991 and
<br />Expansion Area No. 3 by the adoption of Resolution No. 1058, adopted on May 22, 1992
<br />(Allocation Area No. 1, as expanded, is referred to hereinafter as "Airport Economic
<br />Development Area Allocation Area No. 1 "); and
<br />WHEREAS, the geographic area comprising the Airport Economic Development Area
<br />Allocation Area No. 1 is coextensive with that area comprising the Airport Economic
<br />Development Area (AEDA), as described in the third whereas clause above; and
<br />WHEREAS, the Commission now desires to expand the boundaries of the Airport
<br />Economic Development Area Allocation Area No. 1 to include the area in Expansion Area
<br />No. 4 and this expanded allocation area, comprising Airport Economic Development Area
<br />Allocation Area No. 1 and Expansion Area No. 4, is hereinafter referred to as the
<br />"Allocation Area"; and
<br />WHEREAS, Section 17.5 of the Act provides for the means for amending a resolution
<br />or plan in a way that enlarges the boundaries of an economic development area by not more
<br />than twenty percent (20%) of the original economic development area; and
<br />WHEREAS, there was presented at this meeting of the Commission for its
<br />consideration and approval a proposed amendment to the Development Plan setting out the
<br />boundaries of the AEDA as expanded, and further identifying the types of economic
<br />development projects and purposes to be undertaken in the AEDA (the Development Plan as
<br />
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