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South Bend Redevelopment Commission <br />Regular Meeting - January 21, 2000 <br />6. NEW BUSINESS (CONT.) <br />d. Filing of Resolution No. 1737 <br />Expanding the Boundaries of the South <br />Bend Central Development Area, <br />Establishing a Tax Allocation Area for <br />purposes of Tax Increment Financing <br />and Amending the South Bend Central <br />Development Area Development Plan <br />and Setting a Public Hearing on <br />Resolution No. 1737 for 10:00 a.m., on <br />February 18, 2000. <br />Mrs. Kolata stated that Resolution No. <br />1737 amends the boundaries of the South <br />Bend Central Development Area by <br />adding Expansion Area No. 4 known as <br />the Downtown Medical Services District. <br />The Resolution also establishes the <br />Downtown Medical Services District as a <br />Tax Increment Finance Allocation Area. <br />The Downtown Medical Services District <br />will be its own TIF Allocation Area and <br />will not be part of the Allocation Area for <br />the rest of the South Bend Central <br />Development Area. <br />The reason for expanding South Bend <br />Central Development Area is to provide <br />for orderly growth and development of <br />health care related uses located within <br />Expansion Area No. 4, and the encourage <br />development projects which complement <br />development activities in the Central <br />Business District and the Downtown <br />Medical Services District. <br />-8- <br />