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

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I • • RESOLUTION NO. RESOLUTION OF THE SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION DECLARING CERTAIN AREAS OF THE CITY OF SOUTH BEND TO BE ECONOMIC DEVELOPMENT TARGET AREAS. WHEREAS, I.C. 36-7-12 has been amended by the Indiana General Assembly to provide -for the designation of specific geographic areas in the City of South Bend to be Economic Development Target Areas; and WHEREAS, I.C. 36-7-12-38 requires the favorable recommendation by the Economic Development Commission to designate certain geographic territories in the City of South Bend as Economic Develpoment Target Areas; and WHEREAS, the Economic Development Commission, on October 21, 1983, declared three specific geographic territories of the City of South Bend to be Economic Development Target Areas pursuant to I .C. 36-7-12-38, such areas being declared redevelopment areas by the South Bend Redevelopment Commission prior to March 31, 1983 ; and WHEREAS, the three redevelopment areas that were declared to be Economic Develpoment Target Areas on October 21, 1983 have been combined and expanded into a redevelopment area known as the South Bend Central Development Area; and WHEREAS, the South Bend Economic Development Commission 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; and WHEREAS, the Economic Develpoment Commission accepts the Finding of Facts adopted by the South Bend Redevelopment Commission on June 14, 1985 as evidence that the 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; IT IS HEREBY RESOLVED by the South Bend Economic Development Commission that pursuant to I.C. 36-7-12-38 the following specific geographic territory of the City of South Bend be declared an Economic Development Target 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 the west right-of-way line of Taylor Street; thence north along said west right-of-way line to 44-, i -i- J- .-.... ... 1 L 1 L ____i___• __ ______• _ , •