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South Bend Redevelopment Commission <br />Regular Meeting —June 28, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />Mr. Varner joined the meeting at this time. <br />(2) Staff report on Downtown Riverfront <br />District implementation. <br />Ms. Nicholl -Smith reminded the Commission <br />that the intent of the Downtown Riverfront <br />District ordinance is to stimulate further <br />economic development in the downtown by <br />providing a recruitment tool to encourage <br />quality eating establishments, entertainment, <br />and cultural venues to locate within 1,500 <br />feet of the river by making available lower <br />cost, non - transferable, 3 -way liquor licenses <br />that are not subject to the statewide quota. <br />State Code 7.1- 3 -20 -16 allows for the <br />creation of a Municipal Riverfront <br />Development Area to be declared in blighted <br />locations within 1,500 feet from a river's <br />edge. The ordinance is in line with South <br />Bend's desire to cultivate its river as an <br />economic asset. <br />Through its Resolution No. 4163 -12, adopted <br />on March 26, 2012, the South Bend Common <br />Council established a Municipal Riverfront <br />District. South Bend joins 22 Indiana cities <br />and towns which have already designated a <br />municipal riverfront district, resulting in the <br />issuance of 130 riverfront licenses and <br />stimulating economic development in those <br />cities. <br />Passing of the ordinance declaring the district <br />was only the first step in being able to offer <br />Municipal Riverfront Development District <br />liquor licenses. The next step is for the <br />Commission to approve the local process by <br />