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The purpose of the proposed TIF realignment is to more accurately reflect the boundaries <br />of the redevelopment and economic development areas in the City n light of the ongoing development <br />plans for the City. Moreover, the realignment serves the inter - related goals of fiscal stewardship, economic <br />development, and neighborhood revitalization. Through this action the City will be able to execute the <br />implementation of the Mainstreets Revitalization Plan (i.e. `corridor plan), the Smart Streets initiative, as <br />well as invest in parks, curb and sidewalk lighting and other amenities necessary to support a high <br />quality of life while also continuing a proactive approach to job creation and new investment., This <br />resolution is part of the approval process required under Indiana Code 36 -7 -14, which approval process <br />would conclude with consideration by the Redevelopment Commission of confirming resolutions following <br />a public hearing after approving action by the Common Council on the attached resolution. <br />Thank you for your consideration of this resolution. <br />Sincerely, <br />Scott Ford <br />Enclosure <br />Filed <br />L,0, <br />d'" N <br />CflYG6E,, <br />