No. 1222 modifying/confirming Res. No. 1207, designating SEDA, declaring SEDA to be blighted, approving a development plan & conditions under which relocation payments will be made, & establishing an allocation area for purposes for TIF

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a p. 9413642 EXMIT A TO RESOLUTION NO. 1222 SAMPLE -EWING DEVELOPMENT AREA FINDING OF FACTS FEBRUARY 4, 1994 The South Bend Redevelopment Commission has conducted a study of the Sample -Ewing Development Area (Area) and has found that the Area is blighted to an extent that cannot be corrected by regulatory processes or by the ordinary operations of private enterprise without resort to the Indiana Redevelopment Law, IC 36- 7 -14 -1, et. seq., and that the public health and welfare would be benefitted by the acquisition and redevelopment of the Area. Blight is found in the Area based on the following facts: � %16) d !f �� A. In the portion of the Area previously desig nated as the Rum Village Industrial Park: 1. The portion of the Area previously designated as the Rum Village Industrial Park (Original) described at H. A. of the second Whereas clause of Resolution No. 1207 is blighted due to the continued existence of unstable soil conditions. The high cost of removing and replacing the unstable soil has been a deterrent to private business operations that can not be overcome by the normal development process. 2. The portion of the Area designated as the Rum Village Industrial Park (Expansion Area), described at H. B. of the second Whereas clause of Resolution No. 1207 is blighted due to lack of development, cessation of growth, and obsolescence of industrial facilities. Currently, this portion of the Area contains a 360,000 square foot manufacturing building that is not used for manufacturing and is only used for storage. Numerous railroad rights of way through the area create problems for future development because of difficult access to buildings and poor internal road circulation. Deterrents to development also include the unstable soils found in the Expansion Area. B. In the Portion of the Area previously designated as the Studebaker Corridor Development Area, described at I.C., of the second Whereas clause of Resolution No. 1207: 1. Currently, 44.0% of the total building floor area in the Studebaker Corridor Plant Complex is vacant. Of the remaining 56.0% of floor area that is occupied, the majority is underutilized as storage and warehousing. Although the percentage of total building floor area that is vacant is less than the 48.6 % found vacant in 1986, its significance is not reduced since large vacant structures such as the Transwestern and Avanti Buildings have been demolished by the Redevelopment Commission since that time. 2. Since 1986 when the Studebaker Corridor Development Area was found to be blighted and declared a redevelopment area, over 40 structures have been demolished by the Redevelopment Commission. These demolitions have included such large buildings as the Transwestern and Avanti Buildings. Significant costs were incurred in remediating environmental problems prior to demolition of these structures. These costs would have been prohibitive to most private sector redevelopment efforts. It is anticipated that additional environmental remediation activities and the associated costs will deter private redevelopment of this Area. 3. Over one - quarter (25.5 %) of the 220 acres of land in the Studebaker Corridor Redevelopment Area is vacant. In Sub -Areas A, B, and C adjacent to the main plant complex (as designated in the Plan for the Studebaker Corridor Development Area), 37.1 % of the land is currently vacant. 4. As part of the ongoing efforts of redevelopment in the Studebaker Corridor Development Area, over 26 acres of land is available for new development. In