Adopting a Five Year Strategic Plan CED Incentives Available in the Enterprise Zone

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RESOLUTION NO, 020 7e2- 9,3 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, ADOPTING A FIVE YEAR STRATEGIC PLAN, IDENTIFYING THOSE COMMUNITY AND ECONOMIC DEVELOPMENT INCENTIVES AVAILABLE IN THE ENTERPRISE ZONE LOCATED IN SOUTH BEND, INDIANA, AND AUTHORIZING THE SUBMISSION TO THE INDIANA URBAN ENTERPRISE ZONE BOARD AND STATE BUDGET COMMITTEE OF AN APPLICATION FOR THE RENEWAL OF THE ENTERPRISE ZONE LOCATED IN SOUTH BEND, INDIANA WHEREAS, the State of Indiana has enacted I.C. 4- 4 -6.1, allowing certain areas within Indiana to be designated as "Enterprise Zone" areas and entitling property owners therein to certain benefits (as provided by law), from time to time; and WHEREAS, a certain area within the City of South Bend, Indiana has been so designated as an Enterprise Zone, effective as of January 1, 1984, said area modified effective as of May, 1989; and WHEREAS, said designation terminates effective December 31, 1993; and WHEREAS, the State of Indiana has provided a mechanism to allow for the renewal of areas designated as Enterprise Zones; and WHEREAS, the Urban Enterprise Association of South Bend, Indiana, Inc. throughout its existence has been engaged in and has undertaken a number of programs and operations in and serving businesses and residents located within the Enterprise Zone located within South Bend, Indiana (hereinafter, the "ZONE ") , and continues to operate, supervise and conduct various such programs and operations; and WHEREAS, the Board of Directors of the Urban Enterprise Association of South Bend, Indiana, Inc. (hereinafter, the BOARD) has expressed its continued commitment to its mission of increasing the number of jobs in the ZONE by the retention and expansion of existing businesses and the attraction and development of new businesses and improving the quality of life of ZONE residents, improving ZONE residents' employability, and filling ZONE jobs with ZONE residents; and WHEREAS, the BOARD has caused the development and creation of a five year strategic plan reviewing the history of the Enterprise Association of South Bend, Indiana, Inc. and its past and ongoing activities in the ZONE and to guide its activities within the ZONE over the next five years; and