Expanding the Boundaries of South Bend Central Development Area, Expanding the Allocation Area for Purposes of Tax Increment Financing

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RESOLUTION NO. ( J Ct 9 -99 A RESOLUTION OF THE SOUTH BEND COMMON COUNCIL EXPANDING THE BOUNDARIES OF THE SOUTH BEND CENTRAL DEVELOPMENT AREA, DESIGNATING THE SOUTH BEND CENTRAL DEVELOPMENT AREA TO BE BLIGHTED, EXPANDING THE ALLOCATION AREA FOR PURPOSES OF TAX INCREMENT FINANCING, APPROVING THE ORDER OF THE AREA PLAN COMMISSION OF ST. JOSEPH COUNTY WITH REGARD TO THE DEVELOPMENT PLAN AS AMENDED FOR THE SOUTH BEND CENTRAL DEVELOPMENT AREA, AND ADOPTING THAT DEVELOPMENT PLAN. WHEREAS, the South Bend Redevelopment Commission (Commission), pursuant to Indiana Code 36- 7 -14 -1 et seq., (Act), has conducted additional surveys and investigations and has thoroughly studied the area in the City of South Bend (City), St. Joseph County, Indiana, previously designated by the Commission as the South Bend Central Development Area; and WHEREAS, the Commission, on March 11, 1988, adopted Declaratory Resolution No. 834 expanding the boundaries of the South Bend Central Development Area, redeclaring the area as expanded to be blighted, expanding the allocation area for purposes of tax increment financing to be concurrent with such area as expanded, amending the development plan and reapproving the development plan as amended; and WHEREAS, the South Bend Central Development Area, as expanded, is described as follows and is hereinafter referred to as the "Area ": A parcel of land being a part of the City of South Bend, Portage Township, St. Joseph County, Indiana and being more particularly described as follows, viz: Beginning at the point of intersection of the south right -of -way line of Sample Street with the west right -of -way line of Michigan Street; thence north along said west right -of -way line of Michigan Street to its intersection with the northerly line of the Conrail Railroad (formerly Penn Central) right -of -way; thence northwesterly along said northerly railroad right -of -way line to its intersection with the southerly projec- tion of the west right -of -way line of Taylor Street; thence north along said west right -of -way line to its intersection with the westerly projection of the north right -of -way line of vacated Monroe Street; thence east along the said projected right -of- way line to the intersection with the east right -o£ -way line of Taylor Street said point also being the southwest corner of Lot 16, Block 7 of Vail's Southwest Addition to the City of South Bend; thence north along the said east right -of -way line to the intersection with the centerline of the first 14 -foot, vacated, alley lying north of vacated Monroe Street; thence east along the said centerline to a point on the said centerline that is 93.00 feet west of the east right- of -way line of Williams Street; thence south parallel with the west right -of -way line of Williams Street, 114.00 feet; thence east 93.00 feet to a point on the east right -of -way line of Williams Street, said point being 8.00 feet south of the southwest corner of Lot 14, Block 8, of said Vail's Southwest Addition and the beginning of vacated Williams Street to the south; thence north 8.00 feet along the east line of Williams Street to the said southwest corner of Lot 14, Block 8; thence east along the -1-