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

Home Browse Search

s ATTACHMENT TO RESOLUTION NO. 938 JUNE 27, 1990 AIRPORT 2010 ECONOMIC DEVELOPMENT AREA FINDINGS OF FACT 1. The Airport 2010 Economic Development Area ( "Area ") consists of approximately 2300 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. Over 80% of the Area is without structures; approximately 80% 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 improvenieiis'-s; to scr : s individual sites within the Area 4. It is the goal of the City of South Bend to encourage new commercial and industrial development in this Area, diversify and expand business opportunities, increase the local tax base, and generate new jobs. 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. 6. It is expected that the development of this Area will also: Provide new space for the expansion of the existing Airport Industrial Park, as well as other South Bend businesses.