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RESOLUTION NO. 943 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />DETERMINING TAX INCREMENT NEEDED TO SATISFY OBLIGATIONS <br />OF THE COMMISSION REGARDING THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA ALLOCATION AREA NO. 1 <br />WHEREAS, on February 23, 1990, the South Bend <br />Redevelopment Commission (the "Commission ") adopted its Resolution <br />No. 919 (the "Declaratory Resolution ") declaring that an area <br />Ak <br />designated by the Commission as the Airport Economic Development <br />Area (the "Area ") in the Redevelopment District of the City of <br />South Bend, Indiana, is an "economic development area" within the <br />meaning of the Redevelopment of Cities and Towns Act of 1953, <br />IC 36 -7 -14, as amended (the "Act "); and <br />WHEREAS, on June 27, 1990, after notice of the public <br />hearing thereon and after obtaining all other approvals required <br />by law, the Commission in its Resolution No. 938 confirmed the <br />Declaratory Resolution by the adoption of a Confirmatory <br />Resolution; and <br />WHEREAS, the Commission in accordance with the Act, has <br />so <br />previously established the Airport Economic Development Area, <br />Allocation Area No. 1 which has boundaries coterminous with the <br />Area; and <br />