RM 12-19-80 - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting December 19, 1980 5. PUBLIC HARING (continued) a. continued... Mr. utler; Under 5a we close the public hear- ing ormally and under 7a, I believe, the actu 1 action to confirm takes place. Mr. Nimtz: The Chair now declares the public hearing closed concerning the proposed East Bank evelopment Area. 6. OLD BUSINESS There was�no old business to present to the Commissio . 7. NEW BUSINESS a. Commission a No. 62 ment P Area t Plan a ments with a, dE be b cond proval requested for Resolution Eying and confirming Resolution respect to the East Bank Develop- claring the East Bank Development ighted and approving Development itions under which relocation oav, Sri i i be made. Mr. Mc Mahon; Under 7a, we have tt .,io items that YOU will find in your,packets. The first is the fo mal Finding of Facts that we would ask the Coy mission to adopt this monring, which lists he five primary reasons for the declara- tion of the East Bank Area as a development area. It states that 47% of the land within the boundaries of the East Bank Area is currently vacant; the entire area has been zoned "D" light industrial since 1922. and, in spite of this, indust ial use has declined; the declining in- dustrial use has had a deteriorating effect on residential and commercial property; since 1960 the population of the area has declined 78 %, from 262 to 57, and the number of households has decreased 84 %, from 130 to 21; there are 86 structures in the area, and approximately 25% are deficient requiring various amounts of structu al repair; and the current assessed valuation in the entire area is $1,701,730. 4 THERE WAS NO OLD BUSINESS TO PRESENT TO THE COMMIS- SION