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I 1 1 i 1 Allocation Area shall hereafter be deemed to include the CDA Territory and the WWC Territory. The various base assessment dates for the various portions of the CDA Territory and the WWC i Territory as previously established pursuant to prior actions of the Commission shall continue in place with respect to the CDA Territory and the WWC Territory following consolidation of such '<, CDA Territory into the Original Airport Allocation Area pursuant to this Resolution. 1 13. The Commission hereby fords and determines that for purposes of the allocation provisions of Section 39 of the Act, the Expansion Area shall constitute and allocation area for purposes of the Act and this Resolution. 7 14. Such Expansion Area shall be designated as the "2014 Expansion Allocation Area." The Original Airport Allocation Area shall hereafter be deemed to include the 2014 Expansion Allocation Area (the Original Airport Allocation Area as amended by paragraph 10 hereof and the 2014 Expansion Allocation Area are hereinafter referred to as the "Allocation Area"). 3 15. Any property taxes levied on property in the 2014 Expansion Allocation 1 Area in 2014 for collection in 2015, and thereafter, except as otherwise provided in Section 39 of the Act, by or for the benefit of any public body entitled to a distribution of property taxes on taxable property in the 2014 Expansion Allocation Area shall be allocated and distributed as follows: (a) The proceeds of the taxes attributable to the lesser of: (i)the assessed value of the property for the assessment date with respect to which the allocation and distribution is made; or (ii)the net assessed value of all the property as finally determined for the assessment date immediately preceding the effective date of these allocation provisions (as adjusted under Section 39(h) of the Act), which assessment date is March 1, 2014; Ishall be allocated to, and when collected, paid into the finds of the respective taxing units. (b) The excess of the proceeds of the property taxes imposed for the assessment date with respect to which the allocation and distribution is made that are attributable to taxes imposed after being approved by the voters in a referendum or a local public question conducted after April 30, 2010, not otherwise included in clause (a) shall be allocated to and, when collected, paid into the funds of the taxing unit for which the referendum, or local public question was conducted. (c) Property tax proceeds in excess of those described in clause (a) and clause l (b) shall be allocated to the Redevelopment District and, when collected, I paid into the Allocation Fund(as defined below). 3 I (d) Proceeds distributed to the Redevelopment District pursuant to Paragraph 1 15(c) hereof, shall be deposited in the allocation fund previously created and designated "City of South Bend, Indiana, Department of Redevelopment, Airport Economic Development Area, Allocation Area i 1 I - 6 - I 1 US.54706909.04 I I