Amending Chapter 2 Adding an Additional Economic Development Target Area Central Development Area

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ORDINANCE NO. 7s-7 :7-s110' ORDINANCE AMENDING CHAPTER TWO, ARTICLE 13 OF THE SOUTH BEND MUNICIPAL CODE BY ADDING AN ADDITIONAL ECONOMIC DEVELOPMENT TARGET AREA THERETO, COMMONLY KNOWN AS THE SOUTH BEND CENTRAL DEVELOPMENT AREA 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 Common Council, on November 14, 1983 adopted Ordinance No. 7267-83 declaring as Economic Development Target Areas three areas declared as redevelopment areas by the South Bend Redevelopment Commission prior to March 31, 1983 . The three redevelopment areas that were declared to be Economic Development Target Areas on November 14, 1983 have been combined and expanded by the South Bend Redevelopment Commission into a redevelopment area known as the South Bend Central Development Area. The South Bend Economic Development Commission has recommended favorably the designation of the South Bend Central Development Area within the City of South Bend 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 South Bend Central Development 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 adopts the Finding of Facts adopted by the South Bend Redevelopment Commission on June 14 , 1985 as evidence that the South Bend Central Development Area has become undesirable or impossible for normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors that have impaired values or prevent a normal development of property or use of property; SECTION III . Chapter 2 , Article 13 , of the South Bend Municipal Code shall be amended to delete in their entirety subsections (a) , (b) , and (c) , and to add a new subsection (a) , which shall read as follows: The area commonly known as the South Bend Central Development Area, a parcel of land being a part of the City of South Bend, Portage Township, St. Joseph County, Indiana and being more particularly described as follows, viz: Beginning at the point of intersection of the south right-of-way line of Sample Street with the west right-of-way line of Michigan Street; thence north along said west right-of-way line of Michigan Street to its intersection with the northerly line of the Conrail Railroad (formerly Penn Central) right-of-way; thence northwesterly along said northerly railroad right-of-way line to its intersection with the southerly projection of