No. 3164 Appropriating Tax Increment Financing Revenues from Allocation Area Fund for the payment of certain obligations and expenses related to the Northeast Neighborhood Development Area Allocation Area #2

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RESOLUTION NO. 3164 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM ALLOCATION AREA FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE NORTHEAST NEIGHBORHOOD DEVELOPMENT AREA ALLOCATION AREA #2 WHEREAS, the South Bend Redevelopment Commission ( "Commission "), governing body of the City of South Bend Department of Redevelopment ( "Department'), on November 17, 2003, adopted Resolution No. 2016 declaring the Northeast Neighborhood Development Area to be a blighted area within the meaning of Indiana Code § 36 -7 -14 ( "Act'); and WHEREAS, Resolution No. 2016 and the Northeast Neighborhood Development Area Development Plan ( "Plan") adopted by Resolution No. 2016 on November 17, 2003, were confirmed by Resolution No. 2021, adopted on December 19, 2003; and WHEREAS, Resolution No. 2016 established the boundaries of the Northeast Neighborhood Development Area ( "Area") as set forth at Exhibit A; and WHEREAS, Resolution 2016 was amended by Resolution 2054, adopted May 21, 2004; and WHEREAS, Resolution 2016 was further amended by Resolution 2128, adopted February 18, 2005; and WHEREAS, Resolution 2016 was further amended by Resolution 2250, adopted July 21, 2006, and said resolution expanded the Northeast Neighborhood Development Area by adding Expansion Area No. 1; and WHEREAS, Resolution 2016 was further amended by Resolution 2311, adopted February 16, 2007, and said resolution removing a portion of property from the Northeast Neighborhood Development Area, which removed areas is referred to herein as Contracted Area No. 1; and WHEREAS, Resolution 2016 was further amended by Resolution 2312, adopted February 16, 2007, and said resolution expanded the Northeast Neighborhood Development Area by adding Expansion Area No. 2; and WHEREAS, Resolution 2016 was further amended to establish a housing program (the "Housing Program ") and declare a housing allocation area in the Area by Resolution 2344, adopted June 19, 2007, which was confirmed by Resolution 2350 adopted on June 19, 2007; and