No. 0762 designating Studebaker Corridor Dev. Area, declaring SCDA blighted, approving a dev. plan/conditions under which relocation pmts. will be made, and establishing allocation area for purposes of TIF

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6. In determining the location and extent of the Area proposed to be acquired for redevelopment, the Commission has given consideration to transitional and permanent provisions for adequate housing for the residents of the Area who will be displaced by this redevelopment project, and the Commission hereby adopts the South Bend Central Relocation Policy as the policy by which the Commission will be guided in providing for such persons displaced by action of the Commission. 7. The Commission finds that the objectives of the Plan cannot be achieved through more extensive rehabilitation of the Area. 8. The Plan is in all respects approved, and the Secretary is directed to file a certified copy of the Plan with the minutes of this meeting and to record a certified copy of said Plan in the office of the Recorder of St. Joseph County, Indiana. 9. For purposes of the allocation provisions of the Act, authorized by I.C. 36- 7- 14 -39, the Area is hereby designated as Studebaker Corridor Allocation Area (South Bend Allocation Area 6), more particularly described as follows: A parcel of land being a part of the City of South Bend, Portage Township, St. Joseph County, Indiana and being more particularly described as follows: Beginning at the intersection of the centerline of Prairie Ave. and the northerly right -of -way line of the New York Central Railroad; thence, southeasterly along said line to the southeast corner of Lot #20 in the recorded plat of "Martin & Tutt's Addition to the City of South Bend "; as recorded in the records of said county; thence, southeasterly to the southwest corner of Lot #12 in said plat; thence, east along the line between Lots 12 & 13 in said plat to the centerline of a north -south alley lying between Main and Michigan Streets; thence, south along said centerline to the centerline of the first alley north of Tutt Street; thence, east along said line 35.00 ft. to the centerline of the first alley west of Michigan Street; thence, south to the centerline of Sample Street; thence, west along said centerline to the alley lying between Michigan and Main Streets; thence, south along said line to the centerline of Indiana Street; thence, west long said line to the centerline of Franklin Street; thence, north along said line to the centerline of the South Bend & St. Joseph Railroad; thence, west along said line to the centerline of Kendall Street; thence, north along said line to the centerline of Cotter Street; thence, west along said line to the centerline of Prairie Ave.; northeasterly along said line to the centerline of Chapin Street as shown on the recorded plat of "Inter Belt Industrial Park" as recorded in Book 21 of plats on Page 1 in the records of said county; thence, north along said line to the centerline of Prairie Ave. as shown on said plat; thence, east along said line 363.11 ft. to a point of curvature; thence around a 286.48 ft. radius curve to the left an arc distance of 302.26 ft. to a point of tangent; thence, northeasterly along said centerline to the point of beginning. 10. Any taxes levied on real or personal property I.C. 6 -1.1 in the Studebaker Corridor Allocation Area Allocation Area No. 6) (Allocation Area) in 1985, for 1986, and thereafter, except as hereinafter provided, benefit of any public body entitled to a distribution -3- as RM imposed under (South Bend collection in for the thereof, shall