Amending Chapter 2 Adding an Additional Economic Development Target Area

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ORDINANCE NO. 73-95.- S4 ORDINANCE AMENDING CHAPTER TWO, ARTICLE 13 OF THE SOUTH BEND MUNICIPAL CODE BY ADDING AN ADDITIONAL ECONOMIC DEVELOPMENT TARGET AREA THERETO STATEMENT OF PURPOSE AND INTENT: The 1983 Indiana General Assembly amended I .C. 36-7-12 to provide at I.C. 36-7-12-38 for the designation of economic development target areas by the Common Council upon favorable recommendation of the Economic Development Commission. The South Bend Economic Development Commission has recommended favorably the designation of the geographic territory of the City of South Bend described below (Area) as an Economic Development Target Area. NOW THEREFORE, BE IT ORDAINED BY THE SOUTH BEND COMMON COUNCIL, as follows: SECTION I. The Common Council finds the designation of said Area as an Economic Development Target Area to be of economic benefit to the City of South Bend and its citizens. SECTION II. The Common Council finds that the Area qualifies as an Economic Development Target Area because it has become undesirable or impossible for normal development and occupancy because of a lack of development, cessation of growth and deterioration of improvements. SECTION III. Chapter 2 , Article 13, of the South Bend Municipal Code shall be amended to add a new subsection (f ) , which shall read as follows: Two parcels of land being parts of the City of South Bend, Portage Township, St . Joseph County, Indiana, and being more particularly described as follows, viz: Beginning at the intersection of the southeasterly right-of-way line of the Chicago, Indiana, and Southern Railroad and the first alley north of Lincolnway West, extended, in said City; thence Southeasterly, South and East along said alley, including Lot 11 of the Augustine Addition, to its intersection with the centerline of Blaine Avenue; thence South along said centerline to its intersection with the centerline of Lindsey Avenue; thence East along said centerline to its intersection with the centerline of Allen Street; thence South along said centerline to its intersection with the first alley north of Lincolnway West; thence South and East along said alley to its intersection with the centerline of Cushing Street; thence South along said centerline to its intersection with the south boundary of Jas. Kent's Subdivision of Bank Out Lot 114 and part of 113; thence Northeasterly along said boundary and continuing along the south boundary of Burrough' s Subdivision of Out Lot 115 to its intersection with the first alley west of Portage Ax7rnnc• thorr',=, cmi.a ll �