Resolution No. 3644 (City of South Bend ED Area Lincoln & Kennedy Park) - Signed

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3 Introduction The City of South Bend Redevelopment Commission (the “Redevelopment Commission”) proposes to establish a residential housing development program and related allocation area pursuant to IC 36-7-14-39 and IC 36-7-14-56 (the “Allocation Area”) within the City of South Bend, Indiana (the “City”), to be known as the “Lincoln and Kennedy Park Residential Housing Development Program” (the “Program”). The proposed Program is within the River West Development Area (the “River West TIF” or “Area”). This document serves as the plan for the Area (the “Plan”) as a component of the River West Development Area Plan (the “River West Plan”). The Plan, as a component of the River West Plan, must be approved by the City’s Redevelopment Commission, the Plan Commission, and the Common Council pursuant to state law (IC 36-7-14- 15 and IC 36-7-14-16). Upon approval, the Redevelopment Commission will hold a public hearing—pursuant to state law (IC 36-7-14-17)—before confirming (or modifying and confirming) the designation of the Area and the approval of the Plan. Purpose The purpose of the Lincoln and Kennedy Park Residential Housing Development Plan is as follows: • To benefit public health, safety, and welfare of citizens; • To increase the economic well-being of the City; • To protect and increase property values in the City; • To increase development of a variety of housing opportunities within the City; • To promote high quality, impactful public improvement projects that benefit the residents of the Area; • To attract and retain jobs; • To increase the number of students within the associated school district; and • To increase the property tax base. Location of Lincoln and Kennedy Park Residential Housing Development Program The Program includes parcels within both the Lincoln Park and Kennedy Park neighborhoods. The development area boundary is more specifically represented by the boundary map in Appendix A and in the legal description found in Appendix B. Commented [CD1]: Add RW TIF Plan to the appendix?