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1 1 1 3 forth in Exhibit D, to the Area acquisition list (the "Original Are a Acquisition List") as set forth in the Development Plan for said Area; and s WHEREAS, the Commission desires to amend the Original Plan by (i) setting out the boundaries of the CDA Area and the Expansion Area and (ii) transferring certain parcels of property from the CDA Acquisition List to the Area Acquisition List (the "Plan Amendment" 1 and collectively with the Original Plan, the "Plan"); and t WHEREAS, the Department, pursuant to the Act, has conducted surveys and investigations and has thoroughly studied the Expansion Area; and Ii WHEREAS, upon such surveys, investigations and studies being made, the Commission finds that the Plan, including the Plan Amendment that is hereinafter adopted in this 1 Resolution, cannot be achieved by regulatory processes or by the ordinary operations of private s enterprise without resort to the powers allowed under the Act because of lack of local public 1 improvements and multiple ownership of land and that public health and welfare will be benefited by the accomplishment of the Plan Amendment for the Area; and 1 WHEREAS, there was presented to this meeting of the Commission for its consideration and approval, a copy of the Plan Amendment, which Plan Amendment is attached hereto as Exhibit D and made a part hereof; and I WHEREAS, the Commission has caused to be prepared maps and plats of the Expansion Area, said maps and plats of the Expansion Area showing the boundaries of the Expansion Area; the location of the various parcels of property, streets and alleys, and other features affecting the acquisition, clearance, replatting, replanning, rezoning, redevelopment or economic development of the Expansion Area; and the parts of the Expansion Area that are to be devoted to public ways, levees, sewerage, parks, playgrounds and other public purposes under the plans for the redevelopment of the Expansion Area as adopted herein; and i WHEREAS, the Commission has determined that it currently does not intend to acquire real property as part of the Plan Amendment adopted herein; and WHEREAS, Section 39 of the Act has been enacted and amended to permit the creation of allocation areas within an area needing redevelopment to provide for the allocation and distribution, as provided in the Act, of the proceeds of taxes levied on property situated in an area, and the Commission deems it advisable to (i)provide for the consolidation of the CDA Territory into the Original Allocation Area but retain the base assessment dates that exist for the CDA Territory and (ii)expand the Original Allocation Area to include the Expansion Area with a base date for such Expansion Area as determined by Section 39 of the Act; and WHEREAS, in determining the location and extent of the Expansion Area, the Commission has determined that no residents of the Expansion Area will be displaced by the redevelopment thereof; and s. WHEREAS, the Plan, as amended by the Plan Amendment, for the Area [! 1 conforms to other development and redevelopment plans for the City; t t US.54690935.04 `. l