5160-26 Resolution Approving an Order of the South Bend Plan Commission Approving a Certain Declaratory Resolution for the River West Development Area Adopted by the South Bend Redevelopment Commission

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WHEREAS, Section 39 of the Act has been created and amended to permit the creation and expansion of "allocation areas" to provide for the allocation and distribution of property taxes for the purposes and in the manner provided in said Section; and WHEREAS, this Commission deems it advisable to apply the provisions of said Section 39 of the Act to each of the Allocation Areas; and WHEREAS,the Commission now desires to approve the designation of each of the Allocation Areas and the amendment of the Plan to include each of the Allocation Areas therein (collectively,the"Amendments"); and; WHEREAS, the proposed Amendments and supporting data were reviewed and considered at this meeting; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1. The Commission hereby finds and determines that the Amendments promote significant opportunities for the(i) gainful employment of the citizens of the City of South Bend, Indiana(the"City"),(ii)attraction of major new business enterprises to the City,and(iii)retention and expansion of significant business enterprises existing in the boundaries of the City and meets other purposes of Sections 2.5,41 and 43 of the Act,including without limitation benefiting public health,safety,and welfare,increasing the economic well-being of the City and the State of Indiana (the"State") and serving to protect and increase property values in the City and the State. 2. The Amendments cannot be achieved by regulatory processes or by the ordinary operation of private enterprise without resort to the powers allowed under Sections 2.5,41 and 43 of the Act because of lack of local public improvements, existence of conditions that lower the value of the land below that of nearby land, multiple ownership of land, and other similar conditions. 3. The public health and welfare will be benefited by accomplishment of the Amendments. 4. It will be of public utility and benefit to further amend the Declaratory Resolution and the Plan for the Area as provided in the Amendments and to continue to develop the Area, including each of the Allocation Areas, as provided under the Act. 5. Accomplishment of the Amendments will be a public utility and benefit as measured by the attraction or retention of permanent jobs, an increase in the property tax base, improved diversity of the economic base and other similar public benefits. 6. The Commission hereby finds that the further amendment of the Declaratory Resolution and the Plan,to designate each of the Allocation Areas,conforms to the comprehensive plan for the City. 7. The map and plat of each of the Allocation Areas showing its boundaries, the location of the various parcels of property, streets and alleys, and other features affecting the -2 -