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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