11-28-11 Council Agenda & Packet

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replatting, replanning, rezoning or redevelopment of said areas and parts of the areas that are to be devoted to public ways, levees, sewerage, parks, playgrounds and other public purj)oses under the plan for the redevelopment of the South Bend Central Development Area and Expansion Area No. 9 as described above; and WHEREAS, Section 17.5 of the Act provides for the means for amending a resolution or plan in a way that enlarges the boundaries of a redevelopment area by not more than twenty percent (20%) of the original redevelopment area or adds one (1) or more parcels to the list of parcels of property to be acquired; and WHEREAS, in accordance with the Act, the Commission desires to amend Resolution No. 737 by expanding the South Bend Central Development Area to add the following described area hereinafter referred to as "Expansion Area No, 9" in order to facilitate and enhance the replanning and redevelopment of the South Bend Central Development Area, which Expansion Area No. 9 is more particularly described as follows; See Exhibit A Expansion Area No. 9 WHEREAS, the Commission desires to further amend Resolution No, 737 by expanding the South Bend Central Development Area to include Expansion Area No. 9 in order to facilitate and enhance the replanning, redevelopment and disposition of property within said combined areas; and WHEREAS, there was also presented to this meeting of the Commission for its consideration and approval a proposed amendment to the South Bend Central Development Area Development Plan entitled "Expansion of South Bend Central Development Area (SBCDA)" (the "Plan Amendment"), which said Amendment is attached hereto and incorporated herein as Exhibit B; and WHEREAS, Section 39 of the Act permits the creation of an allocation area within a redevelopment area to provide for the allocation and distribution, as provided by the Act, of the proceeds of taxes levied on property situated in the allocation area; and WHEREAS, the Commission, in accordance with the Act, has previously established the South Beni Central Allocation Area (South Bend Central Allocation Area No. IA); and WHEREAS, the Commission, in accordance with the Act, expanded the boundaries of the South Bend Central Allocation Area (South Bend Central Allocation Area No. IA) to include Expansion Area No. 1 by the adoption of Resolution No. 834, adopted on March 11, 1988, and confirmed by Resolution No. 836; adopted on April 15, 1988, and to include Expansion Area No. 2 and Expansion Area No. 3 by the adoption of Resolution No. 893, adopted on October 27, 1989, and to include Expansion Area No. 5 by the adoption of Resolution No. 2001, adopted on October 3, 2003, and to include