Fiscal Plan for Shively/Demaegt Annexation Area German Township

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SECTION II. REQUIREMENTS OF STATE ANNEXATION LAW A. Applicability This fiscal plan meets the requirements of state law by adhering to the appropriate sections of the Indiana Code relative to contiguity (36- 4- 3- 13(c)(1)); the need for the territory to be annexed (36- 4- 3- 13(c)(2)); development of a written fiscal plan (36-4-3 - 13(d)); and all other applicable provision relative to notice, publication and recordation. More specific and detailed information, meeting the provisions of the applicable sections of state law, can be found in the appropriate sections of this fiscal plan. B. Need For Annexation of New Area The City of South Bend, in partnership with the South Bend Redevelopment Authority and the St. Joseph County Airport Authority, initiated a major economic development project in 1991 (see Map 1). The project involves the development of over 3,500 acres surrounding the Michiana Regional Airport and the Toll Road /U.S. 31 Bypass. The project, Airport 2010, includes the Airport Economic Development Area, within which is located the Blackthorn Corporate Center and the Blackthorn golf course. It is contemplated to be an ongoing private - public partnership resulting in hundreds of millions of dollars of private investment, and thousands of jobs for north - central Indiana. Approximately 121 acres of the just over 140 acre Annexation Area is within the Airport 2010 planning area. The Blackthorn Corporate Center and the Blackthorn golf course are the focal point of the Airport 2010 project. Both are located at one of the most strategic transportation nodes in St. Joseph County: the confluence of the Indiana Toll Road, the U.S. 31 Bypass, and Lincolnway West (U.S. 20) and, the proximity of the Michiana Regional Airport, a multi -model facility with air, bus and train transportation elements. The City has envisioned from the outset that the proper catalyst would make the Airport 2010 area a premier office, warehouse, and industrial location. By design, and in accordance with the dictates of proper and efficient development planning, the Airport 2010 area necessarily encompassed land beyond the then existing city limits. Those portions of the Airport 2010 planning area located outside the South Bend City limits are, nonetheless, influenced by the development of the area. Similarly, efficient planning for expansion of the needed infrastructure: sewer, water, streets, as well as police and fire protection, necessitated the inclusion within the planning area of land outside the South Bend city limits. Furthermore, it is in the best and long term 2