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on <br />ment <br />said <br />and <br />Urban <br />R -7 <br />iI <br />RIESOILU'SII01M MO.. ILS <br />WHEREAS, this Commission adopted Resolution No. 14 <br />5, 1960, declaring certain real estate in the South Bend Redevelop - <br />strict to be a blighted area; and <br />WHEREAS, this Commission held a hearing and confirmed <br />ermination on June 16, 1960, by the adoption of Resolution No. 17; <br />W H E R E A S , the Common Council of the City of South Bend <br />said determination by the adoption of its Resolution approving the <br />iewal Plan and the Feasibility of Relocation for Project No. Indiana <br />ale Street Project) on May 23, 1960; and <br />W H E R E A S , this Project has been approved by the South <br />Bend P anning Commission; and <br />W H E R E A S, a petition signed by more than fifty (50) owners <br />of taxa le real estate located in the South Bend Redevelopment District and <br />certified by the St. Joseph County Auditor, requesting the South Bend Rede- <br />velopment Commission to issue bonds for the purpose of procuring funds to <br />pay the cost of acquisition, clearance and renewal of the property described <br />in said Resolution No. 14 and all expenses necessarily incurred in connec- <br />tion wiih such Project, has been filed with the Commission; and <br />W H E R E A S , the Commission finds that in order to provide <br />funds for the payment of part of the costs of such Project, it will be neces- <br />sary to issue bonds of the Redevelopment District in the amount of One Mil- <br />lion Ono Hundred Thousand Dollars ($1, 100, 000); now therefore, <br />- 1 - <br />