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4F <br /> 7 <br /> EXHIBIT B <br /> FINDINGS OF FACT <br /> 1 In accordance with IC 36-7-14 et. seq. (the "Act") and in support of the Declaratory Resolution, <br /> as amended, and the Northeast Neighborhood Development Plan (the "Plan"), as amended by a <br /> Plan Amendment (the "Plan Amendment") for the Northeast Neighborhood Development Area <br /> (the "Northeast Neighborhood Area"), the South Bend Redevelopment Commission finds as <br /> Ifollows: <br /> II. The Plan Amendment for the Northeast Neighborhood Area promotes significant <br /> opportunities for the gainful employment of its citizens and will encourage <br /> attraction, retention, and expansion of businesses in the Northeast Neighborhood <br /> Area. <br /> ) 2. The Plan Amendment for the Northeast Neighborhood Area cannot be achieved <br /> by regulatory processes or by the ordinary operation of private enterprise because <br /> of lack of public improvements, or other similar conditions without resort to the <br /> Act. <br /> 3. The public health and welfare will be substantially benefited by the planning, <br /> replanning, development and development of the Northeast Neighborhood Area, <br /> including the Expansion Area, and accomplishment of the Plan Amendment for <br /> the Northeast Neighborhood Area. The improvements in the Northeast <br /> Neighborhood Area will facilitate attraction, retention, and expansion of <br /> industries in the Northeast Neighborhood Area thereby benefiting the public's <br /> health and welfare through job creation and expansion of the City of South Bend's <br /> tax base. <br /> 4. The accomplishment of the Plan, including the Plan Amendment, for the <br /> Northeast Neighborhood Area will be a public utility and benefit as measured by <br /> the attraction and retention of permanent jobs and an increase in the property tax <br /> I. base. <br /> I. 5. The Plan Amendment for the Northeast Neighborhood Area conforms to other <br /> development and redevelopment plans for the City of South Bend. The Plan <br /> Amendment conforms to the Comprehensive Master Plan for the City of South <br /> Bend, known as City Plan. <br /> I <br /> 6. The Plan Amendment is reasonable and appropriate when considered in relation <br /> to the original Declaratory Resolution, as amended, the Plan and the purposes of <br /> the Act. <br /> s; <br /> II <br /> t <br /> B-1 <br /> US.54938991.02 <br /> f.: <br />