No. 1154 modifying/confirming Resolution No. 1151 designating the SEDA, delaring the SEDA to be blighted, approving a dev. plan/conditions under which relocation payments will be made, establishing an allocation area for purposes of TIF

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shopping habits, increased mobility of the consumer and the decline of the inner -city manufacturing businesses. 7. The Sample -Ewing Development Area's residential sub -areas have substantial housing vacancy rates and pockets of residential deterioration. The neighborhoods have similar housing types located on a grid pattern of narrow streets. 8. Except for the north section of the Southeast Neighborhood, income levels, poverty rates and household types are very similar in the various residential sub -areas of the Sample -Ewing Development Area. In addition to the five sub - areas, the Sample -Ewing Development Area includes approximately seventy (70) percent of South Bend's Urban Enterprise Zone. Each of the separate sub -areas within the new redevelopment area contain physical, economic, and social conditions and trends which prevent the private sector (acting alone) from achieving the physical redevelopment and economic revitalization of the Sample - Ewing Development Area. In order to achieve the redevelopment and economic revitalization of the Sample -Ewing Development Area, an aggressive, well planned and innovative public - private partnership is required to reverse the negative trends and eliminate the negative conditions. It should be noted at the outset that this document is primarily concerned with the physical and economic conditions and trends within the Sample -Ewing Development Area. However, it should also be noted that the human, social, public safety, and organizational elements required to renew the entire Sample -Ewing Development Area will be included in the subsequent sub -area planning process and concomitant plans. In conclusion, while the Sample -Ewing Development Area is composed of several distinct sub - areas, a number of common challenges and opportunities can be found throughout the entire planning and development area. The Sample -Ewing Development Area redevelopment and revitalization strategy will operate on two levels: one, attacking problems common to the total area; and, two, devising sub -area plans that address the unique challenges and opportunities found in each of the five sub - areas. C. SUB -AREA OVERVIEW The new development area includes two existing industrial redevelopment areas —the Rum Village Industrial Park and the Studebaker Corridor. Both areas were declared redevelopment areas for purposes of industrial redevelopment. Both areas are also tax increment allocation areas. The two redevelopment areas are physically, 5/21/93