Resolution No. 3622 (Confirming TIF Expansion RWDA) - Signed

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RESOLUTION NO. 3622 RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION CONFIRMING A DECLARATORY RESOLUTION AND MODIFYING AND APPROVING AN AMENDED AND RESTATED DEVELOPMENT PLAN FOR THE RIVER WEST DEVELOPMENT AREA WHEREAS, the South Bend Redevelopment Commission (the “Commission”), governing body of the City of South Bend (the “City”) Department of Redevelopment (the “Department”) and the Redevelopment District of the City of South Bend, Indiana (the “Redevelopment District”), 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 previously adopted and confirmed a declaratory resolution in 2014 (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 River West Development Area (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 related allocation area; (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, in 2019, the Commission, adopted and confirmed a declaratory resolution (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 Area to the Existing Area; (iv) adding certain territory to the Existing Area (the “First Expansion Area”); and (v) amending and restating the Existing Plan; and WHEREAS, on October 24, 2024, the Commission approved and adopted its Resolution No. 3611 entitled “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” (the “River West Declaratory Resolution”), a copy of which is attached hereto as Exhibit A; and WHEREAS, the River West Declaratory Resolution (i) designated and declared certain areas within the City to be redevelopment areas and an allocation area for purposes of tax increment financing to expand the First Expansion Area (collectively, the “Second Expansion Area” and with the First Expansion Area, the “River West Area”); (ii) added certain parcels of property to the River West Area property acquisition list; and (iii) approved a second amended and restated development plan for the River West Area (the “River West Plan”); and