No. 0938 confirming a resolution designating and declaring the AEDA, approving an economic development plan and establishing an allocation area for purposes of TIF

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r•a RESOLUTION NO. 938 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION CONFIRMING A RESOLUTION DESIGNATING AND DECLARING THE AIRPORT ECONOMIC DEVELOPMENT AREA, APPROVING AN ECONOMIC DEVELOPMENT PLAN AND ESTABLISHING AN ALLOCATION AREA FOR PURPOSES OF TAX INCREMENT FINANCING WHEREAS, the South Bend Redevelopment Commission (the "Commission "), at a regular meeting held on the 23rd day of February, 1990, approved and adopted a resolution entitled "RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DESIGNATING AND DECLARING THE AIRPORT ECONOMIC DEVELOPMENT AREA, APPROVING AN ECONOMIC DEVELOPMENT PLAN AND ESTABLISHING AN ALLOCATION AREA FOR PURPOSES OF TAX INCREMENT FINANCING" (the "Declaratory Resolution "); and WHEREAS, the Declaratory Resolution designated and declared an area in the City of South Bend, Indiana (the "City "), to be known as the Airport Economic Development Area (the "Area ") to be an "economic development area" within the meaning of the Redevelopment of Cities and Towns Act of 1953, which has been codified in IC 36 -7 -14 as amended from time to time (the "Act"), said Area being more particularly described as follows: A part of Sections 17, 18, 19, 20, 21, 22, 27, 28, 29, 30, 31, 32 and 33 in Township 38 North, Range 2 East, and Section 4, Township 37 North, Range 2 East all in German Township, St. Joseph County, Indiana more particularly described as follows: Beginning at the intersection of the East right of way line of Bendix Drive and the Northeast right of way line of Lincolnway West (also known as USR 20); thence alywc�,c Northwesterly along said Northeast right of way line of Li ncolnway West to the East right of way line of Butternut Road; thence Northwesterly across Butternut Road on a line parallel to and 140 feet Northerly of the survey Line S- USR20 -M (referenced to plans for U.S. 31 ' Bypass) to the West right of way line of Butternut Road; thence Northwesterly along the Northeast limited access right of way line of USR 20 to a point 150 feet to the Ask left of Station 65 +00, Line S- USR20 -M; thence Southwesterly a distance of 300 feet along a line measured at right angles to said Line S- USR20 -M to a point 150 feet to the right of Station 65 +00 on Line S- USR20 -M; thence Southerly and Southwesterly along the limited access right of way line of the Southeast ramp of the U.S. 31 Bypass to a point being 170 feet to the right of Station 35 +00 on Line M at the centerline of the U.S. 31 Bypass; thence Westerly a distance of 320 feet