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\\\ 0 <br /> RESOLUTION NO. <br /> A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF <br /> SOUTH BEND, INDIANA, RENEWING AND EXTENDING THE <br /> TERM OF THE SOUTH BEND URBAN ENTERPRISE ZONE <br /> WHEREAS, the Common Council of the City of South Bend, Indiana, (the "Common <br /> Council") has a continuing interest in the economic and community development of the City of <br /> South Bend, Indiana (the "City") and its residents; and <br /> WHEREAS, the South Bend Urban Enterprise Zone (the "Enterprise Zone"), which is <br /> governed by Indiana Code 5-28-15 (the "Act"), was established on January 1, 2004, all pursuant <br /> to the Act, and has been active in enhancing and promoting economic and community <br /> development within the Enterprise Zone and the City; and <br /> WHEREAS, the current designation term of the Enterprise Zone is scheduled to expire <br /> on December 31,2013; and <br /> WHEREAS, Indiana Code 5-28-15-10(b) of the Act authorizes the Common Council to <br /> extend the current term of the Enterprise Zone for an additional five (5) years without application <br /> to or authorization by the Indiana Economic Development Corporation; and <br /> WHEREAS, it is the desire and intent of the City to extend the current term of the <br /> Enterprise Zone to continue for an additional five (5)years until December 31, 2018; and <br /> WHEREAS, after being fully advised in the matter, <br /> NOW THEREFORE, BE IT HEREBY RESOLVED BY THE COMMON <br /> COUNCIL OF THE CITY OF SOUTH BEND, ST JOSEPH COUNTY,INDIANA, THAT: <br /> Section 1. The Common Council finds that the Enterprise Zone facilitates and <br /> promotes economic and community development in the City and for its residents and hereby <br /> reaffirms its support of the Enterprise Zone. <br /> Section 2. The Common Council hereby renews and extended the current expiration <br /> date of the Enterprise Zone from December 31, 2013 until December 31, 2018 pursuant to and in <br /> accordance with Indiana Code 5-28-15-10(b) of the Act. <br /> Section 3. This Resolution and the actions of the Common Council do not limit or <br /> restrict the statutory ability of the Enterprise Zone to be renewed by the Board of the Indiana <br /> Economic Development Corporation in accordance with Indiana Code 5-28-15-10(c) and -10(d) <br /> of the Act. <br /> Resolution of Common Council Extending <br /> and Renewing Lafayette Enterprise Zone Term <br />