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

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NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: 1. That the following community and economic development incentives are among those available within the ZONE: A. Loans to businesses through the City of South Bend's Industrial Revloving Loan Fund. B. The availability of tax increment to the City of South Bend Department of Redevelopment for use throughout the Sample -Ewing Development Area, a redevelopment area within the boundaries of which the ZONE is located, for financing local public improvements in or serving the Sample -Ewing Development Area. C. The availability of real and personal property tax abatement for industrial, institutional and warehousing development within the ZONE. D. The targeting of Community Development Block Grant funds by the City of South Bend to assist in funding the operations of the Southeast and Rum Village Partnership Centers, cooperative efforts of the City of South Bend and affected neighborhood organizations to provide a focus for neighborhood planning and improvement activities. E. The provision of staff services by the City of South Bend to the Neighborhood Resource and Technical Services Corporation, an Indiana not - for - profit corporation targeting urban neighborhoods, including the South East and Ram Village neighborhoods and neighborhood associations located within the ZONE for technical and other support. That the five year strategic plan, a true and complete copy of which is attached hereto and incorporated herein, dated as of September 15, 1993, shall be and hereby is approved. 3. That the application for renewal of the ZONE, with such boundary modifications as were approved by the BOARD by separate resolution of the BOARD dated September 15, 1993, shall be and hereby is approved. 4. The Executive Director of the BOARD is hereby authorized and directed to cause to be submitted to the Indiana Urban Enterprise Zone Board for its evaluation and review the application for renewal approved hereby, as well as the five year strategic plan approved hereby, and any and all supporting documentation, documents, publication proofs, resolutions, and the like. 5. This Resolution shall be in full force and effect from and after its adoption by the Council and approval by the Mayor. PRESENTED 9- 2 743 NOT APPROVED ADOPTED 9- Q;7-?S SOUTH BEND COMMON COUNCIL