No. 0737 designating SBCDA, declaring SBCDA to be blighted, approving development plan/conditions which relocation pmts. will be made, establishing allocation area for purposes of TIF

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' s5 o9(;9.1 ' INTRODUCTION Since 1968 three areas near the center of South Bend have been declared to be redevelopment areas by the South Bend Redevelopment Commission. These three areas - the Central Downtown Urban Renewal ' Area, the East Bank Development Area and the Monroe Sample Development Area - were each found to be blighted areas and plans were adopted to eliminate that blight and bring about new growth and ' redevelopment. The Central Downtown Urban Renewal Area was the first to be declared, in 1968, followed by the East Bank Development Area in 1980 and the Monroe Sample Development Area in 1981. Each area had its own individuality in terms of land use, zoning, public improvements and plans for revitalization and redevelopment. Over the years, however, it became increasingly clear that the three areas were related to each other. Redevelopment activities in one area had a direct relationship on redevelopment activities in the other areas. Each of these three t areas has unique characteristics which impact the other areas and it was recognized that redevelopment activities had to be coordinated in order to get the maximum redevelopment benefit. or example, an increase in the number of residential units in the East Bank and ' Monroe Sample areas will help strengthen the downtown office market by providing additional housing within walking distance of the downtown. Conversely, an increase in office workers in the downtown ' will improve the marketability of housing in the East Bank. Additional residential units in the East Bank and Monroe Sample areas will help support the retail businesses in the downtown while ' a stronger retail core in the downtown will improve the marketability of housing in these neighborhoods. Also, the recreational opportunities in the East Bank will support the convention and tourism facilities in the downtown. The interrelationship among the three areas has caused the Redevelopment Commission to reexamine its plans for each of the areas and to merge the areas into a single area for planning and redevelopment purposes. This merged area will become part of a larger area to be known as the South Bend Central Development Area (Area). As part of the reexamination of the three previously declared areas it was determined that certain land, not included in the original redevelopment areas, is directly tied into the redevelopment efforts taking place in those areas. Therefore the Area includes that additional land as well. Although the plan that follows relates to the Area as a whole, attention will be given to three units within the Area. The area east of the river will be referred to as the East Bank, the area east of Michigan Street and South of Monroe Street will be referred to as Monroe Park and the remainder of the Area will be referred to as the Central Business District. Each of these sub -areas has its B own land -use, and proper development of the sub -areas will be critical to successful redevelopment of the Area as a whole. -1- 5 -10 -85