Resolution No. 3623 (Confirming TIF Expansion REDA) - Signed

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RESOLUTION NO. 3623 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION CONFIRMING A DECLARATORY RESOLUTION AND APPROVING AN AMENDED AND RESTATED DEVELOPMENT PLAN FOR THE RIVER EAST 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 River East Development Area was formed in 2014 when the Commission adopted and confirmed a declaratory resolution (i) consolidating into what had been previously known as the Northeast Neighborhood Development Area certain territory of what had been previously known as the South Bend Central Development Area to form the River East Development Area (the “Initial River East Area”); (ii) designating and declaring certain areas within the City to be redevelopment areas and allocation areas for purposes of tax increment finance to expand the Initial River East Area and the related allocation area; (iii) transferring certain property previously included in the Central Development Area acquisition list to the property acquisition list for the Initial River East Area; and (iv) approving an amendment to the development plan for the Initial River East Area; and WHEREAS, in 2019, the Commission, adopted and confirmed a declaratory resolution (i) designating and declaring certain areas within the City to be redevelopment areas and an allocation area for purposes of tax increment financing to expand the Initial River East Area (the “First Expansion Area” and, together with the Initial River East Area, the “First Expanded River East Area”); (ii) adding certain parcels of property to the First Expanded River East Area property acquisition list; and (iii) approving an amended and restated development plan for the First Expanded River East Area (the “First Expanded River East Plan”); and WHEREAS, on October 24, 2024, the Commission approved and adopted its Resolution No. 3612 entitled “Resolution of the South Bend Redevelopment Commission Amending the Boundaries of the River East Development Area and the River East Development Area Allocation Area No. 1, Amending and Restating the Development Plan for Said Area and Regarding Related Matters” (the “River East Declaratory Resolution”), a copy of which is attached hereto as Exhibit A; and WHEREAS, the River East 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 Expanded River East Area (collectively, the “Second Expansion Area” and with the First Expanded River East Area, the “River East Area”); (ii) added certain parcels of property to the River East Area property acquisition list; and (iii) approved a second amended and restated development plan for the River East Area (the “River East Plan”); and