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RM 02-04-94
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RM 02-04-94
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C, South Bend Redevelopment Commission <br />if 'Egular Meeting - February 4, 1994 <br />6. NEW BUSINESS (Cont.) <br />c. continued... <br />is available for new development. In <br />preparing these sites for disposition, <br />significant investment has been made by <br />the Commission in this area through <br />acquisition costs, relocation payments, <br />environmental remediation activities, and <br />demolition. Presently, five sites have <br />been sold. Capital improvements such as <br />sidewalks, curbs and streetlights are <br />needed in the area in order to improve <br />circulation and upgrade existing <br />inadequate infrastructure. Due to the <br />cost, the provision of such public <br />improvements will not occur solely <br />through the ordinary operations of private <br />enterprise. <br />C. In the portion of the Area designated as <br />Expansion Area No. 1, and described at <br />the fourth Whereas clause of Resolution <br />No. 1207: <br />1. In the period 1980 -1990 the United States <br />Bureau of Census data shows that <br />Expansion Area No. 1 (including Census <br />tracts 28, 29, 30, and most of 34), lost <br />more than 292 housing units, or 7.1 % of <br />the 1980 total. <br />2. Notwithstanding the scale of the loss of <br />housing units between 1980 and 1990, <br />residential vacancies increased from 275 <br />to 384, an increase of more than 39% in <br />the census tracts comprising Expansion <br />Area No. 1. <br />-19- <br />
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