Resolution No. 3606 - RWDA TIF Amendments

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RESOLUTION NO. 3606 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AMENDING THE BOUNDARIES OF THE RIVER WEST DEVELOPMENT AREA AND THE RIVER WEST DEVELOPMENT AREA ALLOCATION AREA NO. 1, AMENDING AND RESTATING THE DEVELOPMENT PLAN FOR SAID AREA AND REGARDING RELATED MATTERS WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the City of South Bend, Indiana, Department of Redevelopment (the “Department”) exists and operates under the provisions of the Redevelopment of Cities and Towns Act of 1953 which has been codified in Indiana Code 36-7-14, as amended from time to time (the “Act”); and WHEREAS, the Commission has previously designated and declared an area in the City of South Bend, Indiana (the “City”), presently known as the River West Development Area (the “Existing Area”), as an economic development area and as an allocation area for purposes of tax increment financing (the “Existing Allocation Area”), has previously adopted a Development Plan for the Existing Area, which development plan has been amended from time to time (the “Existing Plan”) and has established an allocation fund for said Existing Allocation Area; and WHEREAS, the Commission adopted a confirming resolution on November 10, 2014, confirming a declaratory resolution previously adopted by the Commission (i) consolidating into what had been previously known as the Airport Economic Development Area certain territory of what had been previously known as the South Bend Central Development Area and the West Washington Chapin Development Area to form the Existing Area; (ii) designating and declaring certain areas within the City to be economic development areas and allocations areas for purposes of tax increment financing to expand the Existing Area and the Existing Allocation Area, respectively; (iii) removing certain territory from the Existing Area; (iv) terminating the allocation provisions relating to the former Downtown Medical Services District in the City; (v) adding certain parcels of property to the acquisition list for the Existing Area; (vi) transferring certain property previously included on the Central Development Area acquisition list to the Existing Area acquisition list and (vii) transferring certain property previously included on the West Washington Chapin Development Area acquisition list to the Existing Area acquisition list; and (viii) approving an amendment to the development plan for the Existing Area; and WHEREAS, the Commission adopted a confirming resolution on June 13, 2019, confirming a declaratory resolution previously adopted by the Commission (i) removing certain territory from the Existing Area; (ii) moving territory from the Existing Area to the South Side Development Area; (iii) transferring territory from the West Washington Chapin Development