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RESOLUTION NO. 3612 <br />RESOLUTION OF THE <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />AMENDING THE BOUNDARIES OF THE RIVER EAST <br />DEVELOPMENT AREA AND THE RIVER EAST DEVELOPMENT <br />AREA ALLOCATION AREA NO. 1, AMENDING AND RESTATING <br />THE DEVELOPMENT PLAN FOR SAID AREA AND REGARDING <br />RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the <br />governing body of the City of South Bend, Indiana, Department of Redevelopment (the <br />“Department”) exists and operates under the provisions of the Redevelopment of Cities and Towns <br />Act of 1953 which has been codified in Indiana Code 36-7-14, as amended from time to time (the <br />“Act”); and <br />WHEREAS, the Commission has previously designated and declared an area in the <br />City of South Bend, Indiana (the “City”), presently known as the River East Development Area <br />(the “Existing Area”), as a redevelopment area and as an allocation area for purposes of tax <br />increment financing (the “Existing Allocation Area”), has previously adopted a Development Plan <br />for the Existing Area, which development plan has been amended from time to time (the “Existing <br />Plan”) and has established an allocation fund for said Existing Allocation Area; and <br />WHEREAS, the Commission adopted a confirming resolution on November 10, <br />2014, confirming a declaratory resolution previously adopted by the Commission (i) consolidating <br />into what had been previously known as the Northeast Neighborhood Development Area certain <br />territory of what had been previously known as the South Bend Central Development Area to <br />form the Existing Area; (ii) designating and declaring certain areas within the City to be <br />redevelopment areas and allocation areas for purposes of tax increment financing to expand the <br />Existing Area and the Existing Allocation Area, respectively; (iii) transferring certain property <br />previously included on the Central Development Area acquisition list to the Existing Area <br />acquisition list; and (iv) approving an amendment to the development plan for the Existing Area; <br />and <br />WHEREAS, the Commission adopted a confirming resolution on June 13, 2019, <br />confirming a declaratory resolution previously adopted by the Commission (i) amending the <br />boundaries of the Existing Area to add certain territory; and (ii) approving an amendment to the <br />development plan for the Existing Area; and <br />WHEREAS, the Commission now desires to amend the boundaries of the Existing <br />Area to add certain other territory, more particularly depicted on the map set forth in Exhibit A <br />attached hereto and made a part hereof (collectively, the “Expansion Areas” and collectively with