Amendments to the Development Plans Airport Near Northeast, Southside Development Area

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WHEREAS, the NNDA Declaratory Resolution (i) consolidated into the Northeast Neighborhood Development Area (the "Northeast Neighborhood Area ") certain territory which was previously part of the South Bend Central Development Area (the "Central Development Area "); (ii) designated and declared certain areas within the City to be redevelopment areas and allocation areas for purposes of tax increment financing (the "NNDA Expansion Area ") to expand the existing Northeast Neighborhood Area; (iii) transferred certain previously included property on the Central Development Area acquisition list to the NNDA acquisition list; and (iv) approved an amendment (the "NNDA Plan Amendment ") to the development plan for the Northeast Neighborhood Area (as amended by the NNDA Plan Amendment, such plan shall be referred to herein as the "NNDA Area Plan"); and WHEREAS, the Commission on August 28, 2014, approved and adopted its Resolution No. 3229 entitled 'Resolution of the South Bend Redevelopment Commission Designating and Declaring Certain Areas as Economic Development Areas to Amend the Boundaries of the Airport Economic Development Area by Adding the Remainder of the South Bend Central Development Area, Certain Territory of the West Washington- Chapin Development Area and Certain Expansion Areas to the Airport Economic Allocation Area No. 1 and Approving of an Amendment to the Development Plan for the Airport Economic Development Area" (the "Airport Area Declaratory Resolution "); and WHEREAS, the Airport Area Declaratory Resolution (i) consolidated into the Airport Economic Development Area (the "Airport Area ") the portion of the remaining territory of the Central Development Area; (ii) added certain territory of the West Washington- Chapin Development Area (the "W WC Area ") into the Airport Area; (iii) designated and declared certain areas within the City to be economic development areas and allocation areas for purposes of tax increment financing (the "Airport Area Expansion Areas ") to expand the existing Airport Area; (iv) removed certain territory from the Airport Area; (v) terminated the allocation provisions relating to the Downtown Medical Services District within the City; (vi) added certain parcels of property to the Airport Area acquisition list; (vii) transferred certain previously included property on the Central Development Area acquisition list to the Airport Area acquisition list; (viii) transferred certain previously included property on the WWC Area acquisition list to the Airport Area acquisition list; and (ix) approved an amendment (the "Airport Area Plan Amendment ") to the economic development plan for the Airport Area (as amended by the Airport Area Plan Amendment, such plan shall be referred to herein as the "Airport Area Plan"); and WHEREAS, on October 21, 2014, the St. Joseph County Area Plan Commission (the "Plan Commission ") adopted and approved its resolution, a copy of which is attached hereto as Exhibit A, determining the SSDA Declaratory Resolution, the NNDA Declaratory Resolution and the Airport Area Declaratory Resolution (collectively, the "Declaratory Resolutions ") and the SSDA Plan, the NNDA Plan and the Airport Area Plan (collectively, the "Development Plans ") as respectively amended by the SSDA Plan Amendment, the NNDA Plan Amendment and the Airport Area Plan Amendment (collectively, the "Plan Amendments "), and designated such resolution as the written order of the Plan Commission approving the Declaratory Resolutions and the Development Plans, as respectively amended by the Plan Amendments, as required by Section 16 of the Act (the "Plan Commission Order "); and US.54744386.03 - 2 -