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No. 2951 expanding the boundaries of the SBCDA, expanding the allocation area for purposes of TIF and amending the development plan for the SBCDA
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No. 2951 expanding the boundaries of the SBCDA, expanding the allocation area for purposes of TIF and amending the development plan for the SBCDA
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replatting, replanning, rezoning or redevelopment of said areas and parts of the areas that <br />are to be devoted to public ways, levees, sewerage, parks, playgrounds and other public <br />purposes under the plan for the redevelopment of the South Bend Central Development <br />Area and Expansion Area No. 9 as described above; and <br />WHEREAS, Section 17.5 of the Act provides for the means for amending a <br />resolution or plan in a way that enlarges the boundaries of a redevelopment area by not <br />more than twenty percent (20 %) of the original redevelopment area or adds one (1) or <br />more parcels to the list of parcels of property to be acquired; and <br />WHEREAS, in accordance with the Act, the Commission desires to amend <br />Resolution No. 737 by expanding the South Bend Central Development Area to add the <br />following described area hereinafter referred to as "Expansion Area No. 9" in order to <br />facilitate and enhance the replanning and redevelopment of the South Bend Central <br />Development Area, which Expansion Area No. 9 is more particularly described as follows: <br />See Exhibit A <br />Expansion Area No. 9 <br />WHEREAS, the Commission desires to further amend Resolution No. 737 by <br />expanding the South Bend Central Development Area to include Expansion Area No. 9 in <br />order to facilitate and enhance the replanning, redevelopment and disposition of property <br />within said combined areas; and <br />WHEREAS, there was also presented to this meeting of the Commission for its <br />consideration and approval a proposed amendment to the South Bend Central <br />Development Area Development Plan entitled "Expansion of South Bend Central <br />Development Area (SBCDA)" (the "Plan Amendment "), which said Amendment is <br />attached hereto and incorporated herein as Exhibit B; and <br />WHEREAS, Section 39 of the Act permits the creation of an allocation area within <br />a redevelopment area to provide for the allocation and distribution, as provided by the Act, <br />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 <br />established the South Bend Central Allocation Area (South Bend Central Allocation Area <br />No. 1 A); and <br />WHEREAS, the Commission, in accordance with the Act, expanded the <br />boundaries of the South Bend Central Allocation Area (South Bend Central Allocation <br />Area No. IA) to include Expansion Area No. 1 by the adoption of Resolution No. 834, <br />adopted on March 11, 1988, and confirmed by Resolution No. 836, adopted on April 15, <br />1988, and to include Expansion Area No. 2 and Expansion Area No. 3 by the adoption of <br />IL Resolution No. 893, adopted on October 27, 1989, and to include Expansion Area No. 5 by <br />the adoption of Resolution No. 2001, adopted on October 3, 2003, and to include <br />
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