Amending Chapter 2 Additional Economic Development Target Area 2920 W Sample St

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ORDINANCE NO. 75-06 -SS ORDINANCE AMENDING CHAPTER TWO, ARTICLE XIII OF THE SOUTH BEND MUNICIPAL CODE BY ADDING AN ADDITIONAL ECONOMIC DEVELOPMENT TARGET AREA THERETO, COMMONLY KNOWN AS 2920 W. SAMPLE STREET. 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. I.C. 36-7-12-2 provides that the statutory exclusion of a facility as an "economic development facility" will not be applicable in the case of a facility to be located in an economic development target area if the fiscal body of the governmental unit in question finds that the proposed facility will not have an adverse competitive impact on other facilities of the same kind already operating in the same market area, and if the proposed facility will contribute significantly to the creation of permanent new job opportunities. NOW, THEREFORE, BE IT ORDAINED BY THE SOUTH BEND COMMON COUNCIL, as follows: SECTION I. The South Bend Economic Development Commission has recommended favorably the designation of an additional geographic area within the City of South Bend as an economic development target area. SECTION II. Chapter 2 of the South Bend Municipal Code shall be amended to add an additional subsection to Article 13, "Economic Development Target Areas" as follows: Article 13. Economic Development Target Areas. Section 2-151. Pursuant to I.C. 36-7-12-38, the following specific geographic territories of the City of South Bend shall be economic development target areas: d. The area commonly known as 2920 W. Sample Street. SECTION III. The specific geographic area designated above as AND economic development target area is more particularly described as follows: