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RESOLUTION NO. 945 <br />A PRELIMINARY BOND RESOLUTION OF THE CITY OF SOUTH BEND <br />REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF TAX INCREMENT <br />REVENUE BONDS OF THE REDEVELOPMENT DISTRICT OF THE CITY <br />OF SOUTH BEND, INDIANA, FOR THE PURPOSE OF RAISING MONEY FOR PROPERTY <br />ACQUISITION AND REDEVELOPMENT IN OR SERVING THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA, ALLOCATION AREA NO. 1 <br />WHEREAS, the South Bend Redevelopment Commission (the <br />"Commission ") , governing body of the City of South Bend Department <br />of Redevelopment (the "Department ") and the Redevelopment District <br />of the City of South Bend, Indiana, exists and operates under the <br />provisions of IC 36 -7 -14, as amended from time to time (the "Act "); <br />and <br />WHEREAS, on February 23, 1990, the Commission adopted <br />and approved a resolution (the "Declaratory Resolution ") declaring <br />that an area more particularly described on the map attached hereto <br />and incorporated herein as Exhibit "A" designated by the Commission <br />as the Airport Economic Development Area (the "Area ") in the South <br />Bend Redevelopment Special Taxing District (the "Redevelopment <br />District ") which is a special taxing district having the same <br />boundaries as South Bend, Indiana (the "City ") , is an economic <br />development area within the meaning of the Act and determined that <br />it would be of public utility and benefit to acquire the Area and <br />redevelop it pursuant to an economic development plan entitled <br />Airport Economic Development Area Development Plan (the "Economic <br />Development Plan "); and <br />WHEREAS, on May 15, 19901 the Area Plan Commission of <br />St. Joseph County (the "Plan Commission ") , which is the duly <br />