No. 0690 redeclaring the Central Downtown Urban Renewal Area to be blighted, expanding the boundaries of the area, establishing an allocation area for purposes of TIF, reapproving the urban renewal plan and amendments thereto

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8401905 WHEREAS, upon such surveys, investigations and studies being made, it has been found by the Commission that the above described area has become blighted to an extent that such blighted conditions cannot be corrected by regulatory process, or by the ordinary operations of private enterprise without resort to the provisions of the Redevelopment of Cities and Towns Act of 1953, as amended, and it has been further found that the public health and welfare would be benefitted by the acquisition and redevelopment of such area under the provisions of such Act; and WHEREAS, the Commission has caused to be prepared maps and plans showing the boundaries of such blighted area, the location of the various parcels of properties, streets and alleys and other features affecting the acquisition, clearance, replanning and redevelopment of such area, and indicating the parcels under the redevelopment plan, and it has been found that certain land use provisions should established relating to the property proposed to be added to the Area; and WHEREAS, in connection with an application of the City of South Bend Department of Redevelopment to the Secretary of the Department of Housing and Urban Development for financial assistance under Title I of the Housing Act of 1949, as amended, the approval by the Governing Body of the City of South Bend Department of Redevelopment of an Urban Renewal Plan for the project area involved in such application is required by the Federal Government before it will enter into a contract for loan or grant with the City of South Bend Department of Redevelopment under Title I; and WHEREAS, the rules and regulations prescribed by the Federal Government pursuant to Title I require that the conditions under which the City of South Bend Department of Redevelopment will make Relocation Payments in connection with the Urban Renewal Project contemplated by the application be officially approved by the Governing Body of the City of South Bend Department of Redevelopment; and WHEREAS, the Commission desires to amend the Declaratory Resolution by adding property to and amending the legal description of the area; and WHEREAS, Section 39 of the Act has been created and amended to permit the creation of "allocation areas" within a blighted area to provide for the allocation and distribution, as provided in the Act, of the proceeds of taxes levied on property situated in an allocation area; and WHEREAS, the Commission deems it advisable to apply the provisions of said Section 39 to the financing of the Urban Renewal Plan; and WHEREAS, the Commission previously adopted Resolution No. 615 on June 6, 1980 establishing "Central Downtown Urban Renewal Allocation Area No. 1" ( "Allocation Area No. 1 ") and now wants to expand the boundaries of Allocation Area No. 1; and WHEREAS, the Commission has found that certain changes need to be made to fulfill the purpose of the Design Review Committee; and WHEREAS, there was presented to this meeting of the Commission for its consideration and approval, a copy of the amended pages of, and a copy of each additional page amending, the Urban Renewal Plan for the Area and expanding the Area (Attachment "A "), which Plan is entitled: "URBAN RENEWAL PLAN CENTRAL DOWNTOWN URBAN RENEWAL AREA PROJECT NO. INDIANA R -66 SOUTH BEND, INDIANA" -2-