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1. The River East Development Area is an area in the territory under its jurisdiction and <br /> is an area needing redevelopment; <br /> 2. The conditions described in state law (I.C. 36-7-1-3) cannot be corrected in the River <br /> East Development Area by regulatory processes or the ordinary operations of <br /> private enterprise without resorting to state law(I.C. 36-7-14); <br /> 3. The public health and welfare will be benefitted by the amendment of the resolution <br /> or plan, or both, for the River East Development Area; and <br /> 4. The amendment is reasonable and appropriate when considered in relation to the <br /> original resolution or plan for the River East Development Area and the purposes of <br /> state law I.C. 36-7-14; and <br /> 5. The resolution or plan, with the proposed amendment, conforms to the <br /> comprehensive plan for the City. <br /> Acquisition of Real Property in the River East Development Area <br /> In connection with the accomplishment of this River East Development Plan,the South Bend <br /> Redevelopment Commission shall include all parcels with the boundaries set forth above on the <br /> acquisition list attached as Appendix C and shall follow the procedures set forth in state law <br /> (I.C. 36-7-14-19 or I. C. 36-7-14-19.5). <br /> Procedure for Amendment of the River East Development Area Plan <br /> The River East Development Area Plan may be amended by resolution of the South Bend <br /> Redevelopment Commission in accordance with state law (I.C. 36-7-14-17.5), which currenVy <br /> has requirements for Council and public input and comment. Any change affecting any property <br /> or contractual right may be made only in accordance with applicable state and local laws. <br /> 6 <br />