No. 0971 confirming a resolution amending Resolution No. 919 to expand the AEDA and amend the economic development plan for the AEDA (2)

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r ATTACHMENT TO RESOLUTION NO. 971 January 2, 1991 AIRPORT ECONOMIC DEVELOPMENT AREA FINDINGS OF FACT 1. The Airport Economic Development Area ( "Area ") consists of approximately 2960 acres in the northwest part of the City of South Bend, adjacent to the Michiana Regional Airport. 2. The Area is zoned primarily for light and heavy industrial use, although a small portion is zoned residential. 3. Approximately 79% of the Area is without structures; approximately 79% of the land is underutilized due to lack of supporting infrastructure such as streets and utilities. Thus, the following public improvements are necessary in order to facilitate development of the Area: Extension of utilities such as gas, electric and telephone to the Area and to sites within the Area Extension of water mains as well as storm and sanitary sewers to the Area and to sites within the Area An expansion and extension of the Exit 72 interchange of the Indiana Toll Road A widening and extension of Old Cleveland Road, including all appropriate signage and signalization Construction of appropriate interior access roads, including all necessary curb, sidewalk and lighting improvements, to serve individual sites within the Area 4. It is the goal of the City of South Bend to encourage new commercial and industrial development in the Area, thereby diversifying and expanding business opportunities within the City, increasing the local tax base, and generating new jobs. Multiple ownership of land in the Area presents an obstacle to new commercial and industrial development. The current ownership configuration and plat may be inconsistent with optimum commercial and industrial development in the Area, necessitating the acquisition of land to be replatted and publicly offered for reuse consistent with and in furtherance of the economic development plan for the Area. 5. It is expected that the development of this Area will produce a significant increase in the City's overall economic vitality. To achieve this, however, the Redevelopment Commission and the City of South Bend must be able to provide the necessary public improvements to make the site suitable for new development.