No. 0889 declaring an area in the COSB as an EDA and approving a development plan for said area

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the North right -of -way line of the Northern Indiana East -West Toll Road (Interstate Highway 80 & 90); thence S 89 43' 00" W along said North right -of -way line, 1913.39 feet to the Southeast corner of a permanent right -of -way easement recorded September 3, 1954 in Deed Record 531, Pages 515 -516; thence N 00 52' 04" W along said right -of -way, 230.81 feet; thence N 06 37' 34" W, along said right -of -way, 598.02 feet to the East right -of -way line of Olive Road; thence N 00 52' 04" W, along said East right -of -way line, 1292.54 feet; thence N 89 07' 56" E, 10.00 feet; thence N 00 52' 04" W, 120.00 feet to the place of beginning. Said tract contains 98.431 acres, subject to legal highways and easements of record. B. Development Plan Goals and Objectives Goals and objectives for the economic development of the Brick /Olive Economic Development Area are: 1. 2. 3. 4. 5. V To stimulate the development of vacant land through the creation of developable sites. To stimulate private sector participation and investment consistent with overall goals and objectives. To increase the tax base of the area. To create new employment opportunities for citizens of South Bend. To attract new businesses to the Area as well as provide developable sites for expansion of existing South Bend businesses. To attract a retail outlet mall and other supporting businesses to the Area. C. Types of Proposed Redevelopment Activities Realization of the above - stated objectives will be accomplished by a combination of public and private actions. These actions could include, but are not limited to, the following: property acquisition, relocation, clearance and dedication of public right -of -way, provision for public facilities and improvements and any other activity pertaining to planning and implementing an economic development plan. II. LAND USE A. Development Controls The controls and regulations for the Brick /Olive Economic Development Area are designed to provide for development -2- 9/8/89