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South Bend Regular Me elopment Commission - June 14, 1985 6. NEW BUSINESS (Cont.) a. uonr-inuea... 7. A copy of Resolution No. 737 of the Redevelopment Commission with a copy of the Development Plan attached. Mr. Nimtz asked for any objections to entering these documents and materials into the record. No objection was heard. The Chair introduced the documents presented into the record. Mrs Kolata noted that as of 10:00 a.m., June 14, 1985, there were no written remonstrances received relating to the Public Hearing. The Chair observed there were no remonstrances received prior to the Redevelopment Commission meeting concerning the Public Hearing. Mrs Kolata explained that on May 10, 1985, the Commission adopted Resolution No. 737 which merges and expands three existing Redevelopment areas. This was done for three major reasons. First, from a planning stwidpoint the areas are all inter - related. Physical development in one area affects the others. In order to maximize Redevelopment's revitalization efforts we need to have a co rehensive plan that views all three areas as one functional area. Also by expanding the arais, we tie land that is directly related to our Redevelopment efforts into that Redevelopment project area. The second reason for the merger was to increase our efficiency in the management of the Redevelopment areas. This happens from a filing, accounting and record keeping standpoint. The third major purpose for merging the area is to merge the existing tax incremental financing allocation arels. Before adopting the resolution, the staff of the Department re- examined the conditions in each of the three existing Redevelopment Arats, the four expansion areas, and the new merged South Bend Central Development Area as a whole. Some pf the items that staff looked into were the inventory of vacant land, vacant buildings, underutilized land, underutilized buildings, building conditions, environmental -7-