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RESOLUTION NO. <br />RESOLUTION OF THE COMMON COUNCIL OF SOUTH BEND, <br />INDIANA AUTHORIZING THE URBAN ENTERPRISE ASSOCIATION <br />OF SOUTH BEND, INDIANA, INC. TO SUBMIT AN APPLICATION <br />FOR AN ENTERPRISE ZONE BOUNDARY MODIFICATION TO THE INDIANA <br />URBAN ENTERPRISE ZONE BOARD <br />WHEREAS, the State of Indiana has enacted I. C. 4- 4 -6.1, allowing certain areas within <br />Indiana to be designated as "Enterprise Zone" areas and entitling property owners therein to <br />certain benefits (as provided by law), from time to time; and <br />WHEREAS, a certain area within the City of South Bend, Indiana, has been so <br />designated as an Enterprise Zone effective as of January, 1984, said area modified effective as <br />July, 1987, May, 1989, October, 1993, and July, 1998; the boundaries of which are those <br />identified At Exhibit "A ", hereto: and <br />WHEREAS, the Indiana Enterprise Zone Board has adopted a policy dated October <br />14, 1986, revised as of July, 1993 and March, 1998, stating, in part, that modification of an <br />Enterprise Zone will not be considered without approval of such request by the Urban <br />Enterprise Association, Mayor and City Council of the City within whose borders the <br />Enterprise Zone is located; and <br />WHEREAS, application has been made to modify the Enterprise Zone located within <br />the City of South Bend, Indiana (hereinafter, the "ZONE "), to include within the ZONE <br />certain parcels of real estate all as described at Exhibit "B ", attached hereto and incorporated <br />herein; and <br />WHEREAS, the parcels of real estate described at Exhibit `B" comprise property that <br />is suitable for the redevelopment of commercial, industrial and residential activities and that is <br />compatible with the goals and objectives of the five -year strategic plan of the Urban Enterprise <br />Association of South Bend, Indiana, Inc., and that the inclusion of said properties is an <br />appropriate modification of the boundary of the Enterprise Zone located within the City of <br />South Bend, Indiana; and <br />WHEREAS, the proposed boundary modification will impact the ZONE <br />demographically and economically, as set forth in the boundary modification application <br />attached hereto as Exhibit "D "; and <br />