No. 0893 extanding the boundaries of the SBCDA, expanding the allocation area for purposes of TIF and amending the SBCDA development plan

Home Browse Search

right -of -way line and its projection to the centerline of the St. Joseph River; thencemeandering southwesterly along said centerline to the easterly projection of the north line of said Lot 111; thence west along said easterly projection and the north line of said Lot 111 back to the starting point. The total area of said addition is approximately 2.031 acres. WHEREAS, the Commission desires to further amend Resolution No. 737 by expanding the South Bend Central Development Area to include Expansion Area No. 2 and Expansion Area No. 3 (the South Bend Central Development Area, Expansion Area No. 2 and Expansion Area No. 3 are referred to hereafter as the "Area ") so as to facilitate and enhance the replanning, redevelopment and disposition of property within the Area; and WHEREAS, Section 39 of the Act permits the creation of an allocation area within a blighted area to provide for the allocation and distribution, as provided by the Act, of the proceeds of taxes levied on property situated in the allocation area; and WHEREAS, the Commission in accordance with the Act, has previously established the South Bend Central Allocation Area (South Bend Allocation Area No. 1A); and WHEREAS, the Commission, in accordance with the Act, expanded the boundaries of the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) to include Expansion Area No. 1 by the adoption of Resolution No. 834, adopted on March 11, 1988, and confirmed by Resolution No. 836, adopted on April 15, 1988; and WHEREAS, the Commission now desires to expand the boundaries of the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) to include Expansion Area No. 2 and Expansion Area No. 3 (South Bend Central Allocation Area (South Bend Allocation Area No. 1A) as expanded is hereinafter referred to as the "Allocation Area "); and WHEREAS, the Development Plan includes a list of parcels of property to be acquired; and WHEREAS, it is necessary to modify the list of parcels of property to be acquired by adding parcels of property to the list; to and WHEREAS, Section 17.5 of the Act provides for the means for amending a resolution or plan in a way that enlarges the boundaries of a redevelopment area by not more than twenty percent (20 %) of the original redevelopment area or adds one (1) or more parcels to the list of parcels of property to be acquired; and WHEREAS, there was presented to this meeting of the Commission for its consideration and approval a proposed amendment to the Development Plan setting out the boundaries of the Area, adding parcels of property to the list of parcels of property to be acquired and further identifying the types of redevelopment projects and purposes to be undertaken in the Area (the Development Plan as amended is hereinafter referred to as the "Plan "), which Plan is entitled: "South Bend Central Development Area Development Plan South Bend, Indiana" and consists of a typewritten document; and WHEREAS, the Plan has been revised and considered at the meeting; and