No. 0018 adopted Res. No. 14 on May 5, 1960 declaring certain real estate in the South Bend Redevelopment District to be a blighted area

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s RES;®1L' UTIION NO- Ils WHEREAS, this Commission adopted Resolution No. 14 on May 5, 1960, declaring certain real estate in the South Bend Redevelop- ment District to be a blighted area; and WHEREAS, this Commission held a hearing and confirmed said de ermination on June 16, 1960, by the adoption of Resolution No. 17; and approi Urban R -7 W H E R E A S , the Common Council of the City of South Bend said determination by the adoption of its Resolution approving the zewal Plan and the Feasibility of Relocation for Project No. Indiana ale Street Project) on May 23, 1960; and WHEREAS, this Project has been approved by the South Bend P anning Commission; and W H E R E A S, a petition signed by more than fifty (50) owners of taxa le real estate located in the South Bend Redevelopment District and certified by the St, Joseph County Auditor, requesting the South Bend Rede- velopment Commission to issue bonds for the purpose of procuring funds to pay the cost of acquisition, clearance and renewal of the property described in said Resolution No. 14 and all expenses necessarily incurred in connec- tion with such Project, has been filed with the Commission; and WHEREAS, the Commission finds that in order to provide funds for the payment of part of the costs of such Project, it will be neces- sary to issue bonds of the Redevelopment District in the amount of One Mil- lion s Hundred Thousand Dollars ($1, 100, 000); now therefore, - 1 -