No. 3228 designating and declaring certain areas as redevelopment areas and adding certain territory from the South Bend Central Development Area for the purpose of amending the boundaries of the Northeast Neighborhood Development Area and the Northeast

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