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08-28-14 Redevelopment Commisssion Meeting
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RESOLUTION NO. 3228 <br /> RESOLUTION OF THE <br /> SOUTH BEND REDEVELOPMENT COMMISSION <br /> DESIGNATING AND DECLARING CERTAIN AREAS AS <br /> REDEVELOPMENT AREAS AND ADDING CERTAIN TERRITORY <br /> FROM THE SOUTH BEND CENTRAL DEVELOPMENT AREA FOR <br /> THE PURPOSE OF AMENDING THE BOUNDARIES OF THE <br /> NORTHEAST NEIGHBORHOOD DEVELOPMENT AREA AND THE <br /> NORTHEAST NEIGHBORHOOD DEVELOPMENT AREA <br /> ALLOCATION AREA NO. 1 AND APPROVING AN AMENDMENT <br /> TO THE DEVELOPMENT PLAN FOR SAID AREA <br /> WHEREAS, the South Bend Redevelopment Commission (the "Commission"), <br /> the governing body of the City of South Bend, Indiana, Department of Redevelopment (the <br /> "Department") exists and operates under the provisions of the Redevelopment of Cities and <br /> Towns Act of 1953 which has been codified in Indiana Code 36-7-14, as amended from time to <br /> time (the "Act"); and <br /> WHEREAS, the Commission has previously designated and declared an area in <br /> the City of South Bend, Indiana (the "City"), known as the Northeast Neighborhood <br /> Development Area, which area has been amended from time to time (the "Original Area") as a <br /> redevelopment area and as an allocation area for purposes of tax increment financing (the <br /> "Original Allocation Area"), has adopted a Development Plan for the Original Area, which <br /> development plan has been amended from time to time (the "Original Plan") and has established <br /> an allocation fund for said Original Allocation Area; and <br /> WHEREAS, the Commission has previously designated and declared an area in <br /> the City known as the South Bend Central Development Area (the "Central Development Area") <br /> as a redevelopment area and as an allocation area for purposes of tax increment financing <br /> ("Central Development Area Allocation Area"); and <br /> WHEREAS, the Commission now desires to amend the boundaries of the <br /> Northeast Neighborhood Development Area to (i) include certain territory of the Central <br /> Development Area, more particularly described in Exhibit A attached hereto and made a part <br /> hereof (collectively, the "CDA Territory") and (ii) add certain territory, more particularly <br /> described in Exhibit B attached hereto and made a part hereof (collectively, the Expansion <br /> Area") (the Original Area with the CDA Territory and the Expansion Area being collectively <br /> referred to as the "Area") (a description of the Area, after including the Expansion Area, is set <br /> forth in Exhibit C attached hereto and made a part hereof); and <br /> WHEREAS, the Commission desires to transfer certain property previously <br /> included on the Central Development Area acquisition list (the "CDA Acquisition List"), as set <br /> fr <br /> US.54690935.04 <br />
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