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i • <br /> 1 <br /> 1 <br /> 1 <br /> i <br /> 1 <br /> EXHIBIT B <br /> FINDINGS OF FACT <br /> € In accordance with IC 36-7-14 et. seq. (the "Act") and in support of the Declaratory Resolution, <br /> as amended, and the Airport Economic Development Plan (the "Plan"), as amended by a Plan <br /> 1 Amendment (the "Plan Amendment") for the Airport Economic Development Area (the "Airport <br /> 1 Area"), the South Bend Redevelopment Commission finds as follows: <br /> 1. The Plan Amendment for the Airport Area promotes significant opportunities for <br /> 1 the gainful employment of its citizens and will encourage attraction, retention, <br /> 1 and expansion of businesses in the Airport Area. <br /> 4 <br /> 2. The Plan Amendment for the Airport Area cannot be achieved by regulatory <br /> processes or by the ordinary operation of private enterprise because of lack of <br /> public improvements, or other similar conditions without resort to the Act. <br /> 3. The public health and welfare will be substantially benefited by the planning, <br /> 1 replanning, development and economic development of the Airport Area, <br /> including the Expansion Area, and accomplishment of the Plan Amendment for <br /> j the Airport Area. The improvements in the Airport Area will facilitate attraction, <br /> 1 retention, and expansion of industries in the Airport Area thereby benefiting the <br /> i public's health and welfare through job creation and expansion of the City of <br /> South Bend's tax base. <br /> 4. The accomplishment of the Plan, including the Plan Amendment, for the Airport <br /> Area will be a public utility and benefit as measured by the attraction and <br /> retention of permanent jobs and an increase in the property tax base. <br /> 5. The Plan Amendment for the Airport Area conforms to other development and <br /> 1 redevelopment plans for the City of South Bend. The Plan Amendment conforms <br /> to the Comprehensive Master Plan for the City of South Bend, known as City <br /> Plan. <br /> 1 <br /> 1 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 /> , <br /> i <br /> j <br /> 1 <br /> 3g <br /> 1 <br /> 3 <br /> 3 <br /> I <br /> B-1 <br /> 1 US.54938968.01 <br /> 1 <br /> 1 <br />