Bill No. 52-23 NEW MUNICIPAL RIVERFRONT DEVELOPMENT PROJECT “THE EXPANDED EAST RIVERFRONT DISTRICT”

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Filed in Clerk's Office AUG 2 3 7013 BILL NO. 52-23 DAWN M.JONES ORDINANCE NO. CITY CLERK, SOUTH BEND, IN AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING AND ESTABLISHING THE BOUNDARIES OF A NEW MUNICIPAL RIVERFRONT DEVELOPMENT PROJECT "THE EXPANDED EAST RIVERFRONT DISTRICT" STATEMENT OF PURPOSE AND INTENT To complement economic development efforts of cities and towns, the Indiana General Assembly enacted Ind. Code § 7.1-3-20-16.1 (the "Act"). The Act allows the Indiana Alcohol and Tobacco Commission ("ATC") to issue one-way, two-way, and three-way nontransferable permits without regard to the ATC quota restrictions to restaurants located within an authorized Municipal Riverfront Development Project, funded in part with State and City money. The St. Joseph River is among the City of South Bend's most beautiful and treasured assets, and the optimum utilization of this valuable resource has been emphasized repeatedly and prioritized in City planning. The South Bend Common Council recognized this by its adoption on June 25, 2012, of a Downtown Riverfront Development Project(also known as the"Downtown Riverfront District")in Ordinance No. 10165-12 that was amended in its legal description by Ordinance No.10178-12 August 27,2012), and expanded by Ordinance Nos. 10281-13 (December 9,2013),and 10501-17 (March 13, 2017). The Downtown Riverfront District has resulted in the growth and success of many innovative restaurants and culture-enhancing businesses which serve alcoholic beverages, most of which are locally owned, operated, and inspired. The Downtown Riverfront District has also brought economic growth, strength, and development to the entire area within and bordering on its boundaries. To encourage new restaurant proprietors to invest in the part of South Bend contiguous to the east side of the St. Joseph River, the South Bend Common Council determines that it is in South Bend's best interest to authorize and establish boundaries for a new Municipal Riverfront Development Project to be known as"the Expanded East