Bill No. 23-24 Professional Sports Convention Development Tax Area

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Ind. Code 36-7-38.3-8(f) as amended, the following facilities and sites and the real estate upon which each facility is constructed are added to the PSCD Tax Area, the abbreviated legal descriptions for each of them with parcel numbers and tax identification numbers are attached as Exhibit 2 and incorporated herein, and they are further identified within the 2021 amendments to Ind. Code 36-7-38.3-8(f) (1) (A) through (C), (2) and (3) as follows: (1) [H]otels located in the following areas in South Bend, Indiana: (A) in the east quadrant of an area bounded on the north by Columbus Court, on the east by north Main Street, and on the south by West Washington Street, as those streets were located on July 1, 2021, commonly known as the Aloft Hotel; (B) an area bounded on the north by East Colfax Avenue, on the east by Doctor Martin Luther King, Jr. Boulevard, and on the west by North Michigan Street, as those streets were located on July 1, 2021, commonly known as the Doubletree Hotel; and (C) in the southeast quadrant of an area bounded on the north by East Washington Street, on the east by Doctor Martin Luther King Jr. Boulevard, and on the south by East Jefferson Boulevard, as those streets were located on July 1, 2021, commonly known as the Courtyard by Marriott South Bend, Downtown; (2) that consists of a sports, recreational and event facility or complex of facilities located in South Bend, Indiana, in the northeast quadrant of an area bounded on the north by East Jefferson Boulevard, on the east by South St. Louis Boulevard, as those streets were located on July 1, 2021, and on the west by the St. Joseph River, commonly known as Howard Park and related facilities including the Howard Park Public House and the Howard Park Community Center; and (3) located at an Indiana University South Bend campus. SECTION III. The allocation provisions shall apply to the entire PSCD Tax Area comprised of the facilities and sites included in Resolution No. 2519-97 (Exhibit 1), together with those described in previous Section 1I, and such allocation provisions shall expire July 1, 2041. SECTION IV. The maximum amount of covered taxes that may be captured in the PSCD Tax Area described in this Resolution which incorporates the PSCD `tax Area of Resolution No. 2519-97 is two million dollars ($2,000,000) per year, as per Ind. Code 36-7- 31.8-10 (e), or as that statute may be amended hereafter. SECTION V. The use of the tax funds within the PSCD Tax Area shall be used for all purposes listed in Section V of Resolution 2519-97, and for any other capital improvement, financing or refinancing of a capital improvement or the payment of a lease that will construct or equip a facility owned by the City and used specifically as follows per Ind. Code 36-7-31.3-8 (a) (2): by a professional sports franchise for practice or competitive sporting events, as a facility used principally for convention or tourism related events serving national or regional markets, as a museum, as a facility for public attractions of national significance, and as a performing arts venue. SECTION VI. The Stanley Coveleski Stadium as identified in Resolution 2519-97 shall be known by its current name of the Four Winds Field at Stanley Coveleski Stadium and the Moms Civic Auditorium as identified in Resolution 2519-97 shall be known and referred to by its current name of the Morris Performing Arts Center. SECTION VII. If any of the terms or conditions of this Resolution conflict with Resolution No. 2519-97, and if reconciliation between the two resolutions is not possible, then the terms of this resolution shall control. SECTION VIII. This Resolution shall be in full force and effect as provided in Section 1, from and after its adoption by the Common Council and approval by the Mayor.