No. 0654 confirming Res. No. 650 designating the Rum Village Industrial Park, declaring the area constituting the Rum Village Industrial Park to be blighted, approving the development plan

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f; 4' r_-� �-F) line of the New Jersey, Illinois and Indiana Railroad right -of -way; thence east along said railroad right -of- way line to the east right -of -way line of Olive Street; thence south along said right -of -way line to the point of beginning. 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 Act, and it has been further found that the public health and welfare would be benefitted by acquisition in and redevelopment of such area under the provisions of the Act; and WHEREAS, the Commission has caused to be prepared maps and plats 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, replanning, rezoning and redevelopment of such area, and indicating the parcels of property to be included or excluded in the acquisition and portions of the area to be acquired which are to be devoted to streets, alleys, levees, sewerage, parks, playground and other public purposes under the redevelopment plan; and WHEREAS, Section 39 of the Act permits the creation of an "allocation area" within a blighted area and provides for the allo- cation and distribution, as provided in the Act, of the proceeds of taxes levied on real property situated in an allocation area; and WHEREAS, the Commission has caused to be prepared a map showing the boundaries of such an allocation area; and WHEREAS, the Commission did on December 18, 1981, adopt Res- olution No. 650 declaring such area as "Rum Village Industrial Park" ( "South Bend Allocation Area No. 4 "); and WHEREAS, as required by law, the St. Joseph County Area Plan Commission and the South Bend Common Council have considered and approved said Resolution No. 650 and the Development Plan and sub- sequently the Commission did on February 19, 1982 hold a public hearing for the purpose of presenting said Resolution No. 650 and to hear and consider remonstrances concerning said Resolution; and WHEREAS, said Redevelopment of Cities and Towns Act of 1953, as amended, requires that the Commission, after such hearing and con- sideration, shall take final action determining the public utility and benefit of the project, either confirming, modifying, or re- scinding Resolution No. 650; and WHEREAS, the Commission desires to confirm said Resolution No. 650 without modification; NOW, THEREFORE, BE IT RESOLVED, by the Redevelopment Commission of the City of South Bend that it will be of public utility and benefit to proceed with the plan of redevelopment as set forth in Resolution No. 650 passed by said Commission on December 18, 1981, referred to in the WHEREAS clauses above, and that said Resolution No. 650 is hereby approved, ratified and confirmed. -2-