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S509691 <br />1983, and from the proceeds of Community Development Block Grant <br />funds; and <br />WHEREAS, activities funded in those areas with proceeds of <br />Section 108 Loans are restricted to eligible activities under 24 CFR <br />Part 570, subpart M, §570.701, and activities funded in those areas <br />with proceeds of Community Development Block Grant and Section 108 <br />Loan funds must comply with all requirements applicable to such <br />activities under 24 CFR Part 570; and <br />WHEREAS, the Department has conducted surveys and <br />investigations and has thoroughly studied the Central Downtown Urban <br />Renewal Area (Expanded), the Monroe Sample Development Area, and the <br />East Bank Development Area, and the Commission finds that those <br />areas remain blighted to the extent that such blighting conditions <br />cannot be corrected by regulatory process or by the ordinary <br />operations of private enterprise without resort to the provisions of <br />the Act and that the pubic health and welfare would be benefited by <br />the continued acquisition in and redevelopment of such areas under <br />the provisions of the Act; and <br />WHEREAS, the Department has conducted surveys and <br />investigations and has thoroughly studied that area within South <br />Bend hereby designated as Expansion Area No. 1, more particularly <br />described as follows: <br />and; <br />Beginning at the point of intersection of the <br />westerly projection of the north right -of -way <br />line of Sorin Street with the centerline of the <br />St. Joseph River; thence meandering northwes- <br />terly along said centerline to the westerly <br />projection of the south right -of -way line of <br />Corby Street; thence east along said projection <br />and the south right -of -way line of said Corby <br />Street to the centerline of the first 14 foot <br />alley lying west of Hill Street; thence south <br />along said centerline to the north right -of -way <br />line of Crescent Avenue; thence southeasterly to <br />the point of intersection of the south right -of- <br />way line of said Crescent Avenue with the centerline <br />of the first 14 foot alley lying west of said Hill <br />Street; thence southeasterly, southwesterly and <br />south along the centerline of said alley to the <br />centerline of the first 14 foot alley lying north <br />of Cedar Street; thence west along said centerline <br />to the east right -of -way line of Niles Avenue; <br />thence north along said east right -of -way line <br />to said north right -of -way line of Sorin Street; <br />thence west along said north right -of -way line <br />to the place of beginning; <br />-5- <br />