No. 0688 ratifying/confirming Res. No. 682 with respect to the Monroe-Sample Development Area, redeclaring the Monroe-Sample Development Area to be blighted and approving a development plan

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4( . it �m 84010"1) FINDING OF FACTS MONROE- SAMPLE DEVELOPMENT AREA August 26, 1983 The South Bend Redevelopment Commission has conducted a study of the Monroe - Sample Development Area ( "Area "). Based upon that study and following the other procedures required by I.C. 36 -7 -14 (the "Act ") including public hearing, the Redevelopment Commission hereby finds that the area has become blighted to such an extent that such conditions cannot be corrected by the regulatory process or by ordinary operations of private enterprise without resort to the provision of the Act and that the public health and welfare will be beneftied by the acquisition and redevelopment of the area under the provision of the Act. This finding is based on the following information: 1. Between 1970 and 1980 the population of the Area has declined 550, from 1522 to 689. 2. Between 1970 and 1980 the number of dwelling units has declined 35%, from 631 to 414, and the number of households has declined 420, from 536 to 311. 3. The vacancy rate in the Area has increased from 15% vacant in 1970 to 22% vacant in 1980, an increase of 46%. The South Bend Redevelopment Commission finds that it will be of public benefit to the public health and welfare to redevelop the Monroe - Sample Development Area.