No. 2969 confirming a resolution amending the development plan for the NNDA

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14 townhomes along Eddy Street, connecting the north Eddy Commons Area to the Five Points Intersection. In order to smoothly transition between the high intensity use at Eddy Street Commons and the surrounding neighborhood, it is envisioned that at the intersection of Eddy and Napoleon there will be a continuation of commercial / mixed uses. But as the development moves southward it will become primarily residential, with rowhomes / townhomes until reaching Howard Street. The Eddy Street Commercial Redevelopment Sub -Area has been modified: expanded in order to encompass all the Phase I and II Eddy Street Commons development; and reduced to remove the current Five Points Intersection and the surrounding development parcels to be created by the State Road 23 improvements. 2. Five Points Redevelopment Area Engineering plans for improving State Road 23, and the Five Points intersection, are currently being finalized by the State of Indiana Department of Transportation ( "INDOT ") with construction anticipated to begin in 2012. Plans call for widening State Road 23 in order to create a divided highway with two lanes in each direction and reconfiguring the Five Points intersection; the expansion will end at the Campeau and Eddy intersection. Given that the reconfiguration of the Five Points Intersection IL will create new and unique development opportunities, it is now in its own sub -area. The improvements to State Road 23 will create a number of opportunities for new development in the neighborhood; the reconfiguration of the Five Points intersection will open a large amount of land for redevelopment. The future use of the land located at the new Corby Blvd. and State Road 23 intersection, and the surrounding area, should be focused on mixed use development. Multi- family housing should be introduced along Corby Boulevard to help buffer the single family residential from the increased traffic and higher intensity uses which will occur along State Road 23. (See Attachment A.) Sub -area goals: • Correct traffic hazard presented by confluence of South Bend Avenue, Eddy Street and Corby Boulevard; Facilitate consolidation of parcels and replatting to create optimally -sized mixed use and office development sites; Expand and improve locally owned and operated businesses;