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

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2 WHEREAS, the City of South Bend Plan Commission, on November 18, 2024, approved and adopted an Order (the “Plan Commission Order”) determining that the River East Declaratory Resolution and the River East Plan conform to the plan of development for the City and approved the River East Declaratory Resolution and the River East Plan; and WHEREAS, pursuant to Section 16 of the Act, the Common Council of the City (the “Common Council”), on November 25, 2024, adopted a resolution which approved the Plan Commission Order, the River East Declaratory Resolution, and the River East Plan; and WHEREAS, the Commission caused to be published and delivered the notices required by Section 17 and 17.5 of the Act, concerning the River East Declaratory Resolution and the River East Plan; and WHEREAS, at the hearing (the “Public Hearing”) held by the Commission on December 12, 2024, the Commission heard all persons interested in the proceedings and received _________ written remonstrances that had filed and considered those written remonstrances that were filed, if any, and all evidence presented; and WHEREAS, the Commission now desires to take final action determining the public utility and benefit of the River East Plan and the proposed development activities for the River East Area, approving the River East Plan, and confirming the River East Declaratory Resolution, in accordance with Section 17 of the Act; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission, as follows: 1.After considering the evidence presented at the Public Hearing, the Commission hereby confirms the findings and determinations, designations, and approving and adopting actions contained in the River East Declaratory Resolution. 2.After considering the evidence presented at the Public Hearing, the Commission hereby finds and determines that it will be of public utility and benefit to proceed with the proposed activities set forth in the River East Plan, and the River East Plan is hereby approved in all respects. 3.The Commission hereby specifically finds and determines, based on its review of the River East Area and its reasonable expectations relating to expected growth of assessed value in the River East Area, that the adoption of the allocation provision with respect to the Expansion Area will result in new property taxes in the River East Area that would not have been generated but for the adoption of the allocation provision. 4.The River East Declaratory Resolution is hereby confirmed. 5.This Resolution constitutes final action, pursuant to Section 17(d) of the Act, by the Commission determining the public utility and benefit of the River East Plan and the proposed activities and confirming the River East Declaratory Resolution pertaining to the River East Area. 6.The Clerk of the Commission is directed to record and file the final action taken by the Commission pursuant to the requirements of Sections 17(d) of the Act.