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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Expansion Area No. 6 by the adoption of Resolution No. 2014, adopted on November 17, 2003, and to include Expansion Area No. 7 by the adoption of Resolution No. 2105, adopted on November 5, 2004, and to include Expansion Area No. 8 by the adoption of Resolution No. 2385, adopted on November 2, 2007, and to exclude Reduction Area No. 1 by the adoption of Resolution No. 2015, adopted on December 19, 2003 (collectively referred to herein as "Allocation Area No. IA"), and WHEREAS, Allocation Area No. IA does not include Expansion Area No. 4 as described and approved in Resolution No. 1737, adopted on February 18, 2000; and WHEREAS, the Commission desires to amend Allocation Area No. 1 A to include Expansion Area No. 9; and WHEREAS, the Plan Amendment conforms to other development and redevelopment plans for the City, NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT, AS FOLLOWS: I . The Commission hereby determines that to accomplish the redevelopment of the Area, it is necessary to expand the boundaries of the Area, as shown on Exhibit A attached hereto and incorporated herein. 2. The Commission hereby determines that the public health and welfare will be benefited by the accomplishment of the Plan Amendment. 3. The Commission hereby determines that the accomplishment of the Plan Amendment will be of public utility and benefit as measured by: a) the attraction or retention of permanent jobs; b) an increase in the property base; C) improved diversity of the economic base; d) other similar public benefits. 4. The South Bend Central Development Area Allocation. Area No. IA is hereby expanded to include Expansion Area No. 9, as described herein (collectively, "Allocation Area No. IA"), so that the boundaries of Allocation Area No. IA are coterminous with the boundaries of the South Bend Central Development Area, with the exception of Expansion Area No. 4, which is excluded from Allocation Area No. 1 A. Any taxes levied on the property imposed under IC 6 -1.1 in Allocation Area No. I shall be ¢. allocated, distributed and used as provided in Resolution 737, as amended, and by the Act. The base assessment date for Expansion Area No. 9 for the purposes of the Act shall be