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RESOLUTION NO. 940 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />DETERMINING TAX INCREMENT NEEDED TO SATISFY OBLIGATIONS <br />OF THE COMMISSION REGARDING THE RUM VILLAGE INDUSTRIAL <br />PARK ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. 4) <br />WHEREAS, on December 18, 1981, the South Bend <br />Redevelopment Commission (the "Commission ") adopted its Resolution <br />No. 650 (the "Declaratory Resolution ") declaring that an area <br />designated by the Commission as the City of Smith Ranr9 <br />Redevelopment Area (the "Area ") in the Rum Village Industrial Park <br />of the City of South Bend, Indiana, is a "blighted 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 February 19, 1982, after notice of the public <br />hearing thereon and after obtaining all other approvals required <br />by law, the Commission in its Resolution No. 654 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 />previously established the "Rum Village Industrial Park Allocation <br />Area (South Bend Allocation Area No. 4) which has boundaries <br />coterminous with the Area; and <br />WHEREAS, the Commission in accordance with the Act, has <br />previously established the South Bend Department of Redevelopment <br />