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the Centerline of Prairie Avenue; thence North
<br />280- 35' -29" East along said Centerline, 1253.48 feet and
<br />North 001- 11' -41" West, 915.49 feet and North 890- 53' -19"
<br />East, 363.11 feet to a point of curvature; thence around
<br />a 286.48 foot radius curve to the left an arc distance of
<br />302.26 feet to the end of a chord which bears North
<br />590- 39' -44" East and having a chord distance of 288.43
<br />feet; thence continuing along said Centerline North
<br />290- 26' -091" East, 142.63 feet and North 290- 31' -40" East,
<br />912.61 feet to the point of beginning.
<br />14. Any taxes levied on real property imposed under I.C.
<br />6 -1.1 in the Sample -Ewing Allocation Area (South Bend
<br />Allocation Area No. 8) in 1993 for collection in 1994 and
<br />thereafter, and any taxes levied on depreciable personal
<br />property that has a useful life in excess of eight (8) years,
<br />as determined by the State Board of Tax Commissioners,
<br />imposed under I.C. 6 -1.1 within Parcel Three or Parcel Four
<br />within the Sample -Ewing Allocation Area (South Bend
<br />Allocation Area No. 8), as described in paragraph 13.C. and
<br />13.D., above, in 1993 for collection in 1994 and thereafter,
<br />except as hereafter provided, for the benefit of any public
<br />body entitled to a distribution thereof, shall be allocated
<br />and distributed as provided in the allocation and
<br />distribution provisions of the Act, and more particularly as
<br />follows:
<br />a. The proceeds of the taxes attributable to the lesser
<br />of:
<br />(1) the assessed value of the property for the assessment
<br />date with respect to which the allocation and
<br />distribution is made; or
<br />(2) the assessed value of all property as finally
<br />determined for the assessment date immediately preceding
<br />the effective date of these allocation provisions, which
<br />assessment date is March 1, 1993,
<br />shall be allocated to, and when collected shall be paid
<br />into the funds of the respecting taxing unit entitled to
<br />a distribution of such taxes.
<br />b. The property tax proceeds in excess of those
<br />described in subdivision (a) above, shall be allocated to
<br />the South Bend Redevelopment District, and, when
<br />collected, paid into a special fund hereinafter created
<br />in paragraph 18 and used for the purposes permitted in
<br />paragraph 19 and by the Act.
<br />15. In order to facilitate and enhance replanning,
<br />redevelopment, and disposal of property within the Area in
<br />the manner that best serves the social and economic interests
<br />of South Bend and its inhabitants, each of the Allocation
<br />Areas described above in paragraphs 12.A. and 12.B., and
<br />13.A., 13.B., 13.C., 13.D., and 13.E. shall be and hereby are
<br />amended and merged for all purposes under the Act by
<br />expanding the boundaries of each area to make the boundaries
<br />of each area co- terminus with the boundaries of the
<br />Sample -Ewing Allocation Area (South Bend Allocation Area No.
<br />8), hereby establish, which boundaries shall be as follows:
<br />Sample -Ewing Allocation Area
<br />(South Bend Allocation Area No. 8)
<br />�g That part of Sections 10, 11, 12, 13, 14, 15, 16, 21, 22,
<br />23 and 24 in Township 37 North, Range 2 East, and Section
<br />18 in Township 37 North, Range 3 East all in St. Joseph
<br />County, Indiana which is described as: Beginning at the
<br />intersection of the Centerline line of Michigan Street
<br />(99.00 ft. wide) and the South Right of Way line of
<br />Sample Street extended West,; thence North along said
<br />Centerline of Michigan Street to its intersection with
<br />-21-
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