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WHEREAS, having considered the same and the comments of the public received at
<br />said public hearing, the BOARD determined that said five year strategic plan provides a clear
<br />and proper perspective of the past work of the Urban Enterprise Association of South Bend,
<br />Indiana, Inc. within the ZONE and sets forth appropriate strategy and gives appropriate
<br />guidance to the BOARD concerning its activities in the ZONE over the next five years and
<br />that it is in the best interest of the ZONE, the City of South Bend, Indiana, and the businesses
<br />and residents in the ZONE, and approved and adopted said five year strategic plan; and
<br />WHEREAS, having considered the same and the comments of the public received at
<br />said public hearing, the BOARD determined that it is in the best interest of the ZONE, the
<br />City of South Bend, Indiana, and the businesses and residents in the ZONE, and approved the
<br />application for renewal of the Enterprise Zone designation, with such boundary modification
<br />as was approved by the BOARD by resolution dated June 24 1998; and
<br />WHEREAS, the BOARD, by resolution dated June 24. 1998 authorized its Executive
<br />Director to submit to the Indiana Urban Enterprise Zone Board for its evaluation and review
<br />the application for renewal approved hereby, as well as the five year strategic plan approved
<br />hereby, and any and all supporting documentation, documents, publication proofs,
<br />resolutions, and the like; and
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, has reviewed
<br />said five year strategic plan, a true and complete copy of which is attached hereto, and has
<br />determined that certain community and economic development incentives are available within
<br />the ZONE, with such boundary modification as was approved by the BOARD, and that it is
<br />in the best interests of the City of South Bend, the ZONE and the residents and businesses
<br />within the ZONE, that the application for renewal, as approved by the BOARD, and all
<br />supporting documentation, be submitted to the Indiana Urban Enterprise Association for its
<br />review and evaluation.
<br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE
<br />CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
<br />1. That the following community and economic development incentives are
<br />among those available within the ZONE:
<br />A. Loans to businesses through the City of South Bend's Industrial
<br />Revolving Loan Fund, Corporation for Entrepreneurial Dvelopment
<br />Loan Fund and the Neighborhood Business Development Corporation
<br />Loan Fund.
<br />B. The availability of tax increment to the City of South Bend
<br />Department of Redevelopment for use throughout the Sample -Ewing
<br />Development Area, a redevelopment area within the boundaries of
<br />which the ZONE is located, for financing local public improvements in
<br />or serving the Sample -Ewing Development Area.
<br />C. The availability of real and personal property tax abatement for
<br />residential, industrial, institutional and warehousing development in the
<br />ZONE.
<br />D. The targeting of Civil City Good Neighbors Funds funds by the
<br />City of South Bend to assist in funding the operations of the Southeast,
<br />Rum Village and Westside Partnership Centers serving the ZONE.
<br />E. The targeting of Community Development Block Grant Funds by the
<br />City of South Bend to assist in the funding of public improvements,
<br />housing, commercial development, organizational support and service
<br />provision that affect the ZONE.
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