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RESOLUTION NO. 251 -98
<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, and October, 1993; the boundaries of which are those identified at
<br />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 and to delete from the ZONE certain other parcels of real estate,
<br />all as described at Exhibit `B" attached hereto and incorporated 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 specific parcels to be deleted from the ZONE, as described at Exhibit
<br />"B ", and the justification for such deletions are specified in the five -year strategic plan of the
<br />Urban Enterprise Association of South Bend, Indiana, Inc; 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 `B "; and
<br />WHEREAS, the Urban Enterprise Association of South Bend, Indiana, Inc., has
<br />approved the request for this boundary modification at a public meeting held on June 24
<br />1998.
<br />NOW, THEREFORE, BE IT HEREBY RESOLVED by the Common Council of the
<br />City of South Bend, Indiana, as follows:
<br />Section I. That the request for modification of the Enterprise Zone located within the
<br />City of South Bend, Indiana, which modification would modify the existing Enterprise Zone
<br />to include certain parcels of real property as described at Exhibit `B" hereto, and to delete
<br />certain other parcels of real estate described at Exhibit `B ", hereto, thereby modifying the
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