South Bend Common Council in Support of the Continuation of the South Bend Enterprise Zone

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RESOLUTION 3Sz��S A RESOLUTION OF THE CITY OF SOUTH BEND COMMON COUNCIL IN SUPPORT OF THE CONTINUATION OF THE SOUTH BEND ENTERPRISE ZONE WHEREAS, the purpose of the Indiana Enterprise Zone Program is to encourage capital investment, support job creation, and increase employment opportunities for zone residents; and WHEREAS, the City of South Bend, Indiana supports the Indiana Urban Enterprise Zone program under the auspices of the Indiana Economic Development Corporation as well as the goals and objectives of the South Bend Urban Enterprise Association, leading to a public /private cooperative effort for redevelopment of distressed properties and renewed opportunity for more disadvantaged members of the population; and WHEREAS, the South Bend Urban Enterprise Association Board of Directors has, an approved 10 year plan, set policy, developed programmatic initiatives, and coordinated the development and redevelopment of zone property; and WHEREAS, the South Bend Urban Enterprise Association is causing creative programming to occur within the boundaries of the Enterprise Zone which will further business development, and enhance opportunities for Enterprise Zone residents to improve their quality of life; and WHEREAS, the City of South Bend, Indiana commits to provide such benefits within its powers to the enhance the benefits of the Indiana Enterprise Zone program, such as Tax Increment Financing, Commercial Corridor Program, Community Development Block Grant, and Tax Abatement among others; and WHEREAS, Indiana House Enrolled Act 1120 (Public Law 214 -2005) directs the Common Council of the City of South Bend to adopt a resolution either recommending the continuing existence, or the termination, of the South Bend Enterprise Zone subject to the renewal scheduled set forth in IC 4 -4 -6, 1 -3; and WHEREAS, for the reasons set forth above the Common Council of the City of South Bend supports and desires the continuing existence of the South Bend Enterprise Zone; NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana as follows: Section I. The South Bend Common Council supports and recommends the continuing existence of the South Bend Enterprise Zone, subject to the renewal provisions set forth in IC 4 -4 -6. 1 -3.