Designating the South Bend Central Development Area to be Blighted for Purposes of Compliance with Tax Reform Act 1986

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4. While the majority of the East Bank was rezoned to "A-3" Mixed Use Multi-Family Residential and Commercial in 1981, the number of housing units in that zoning area has decreased from twenty-one (21 ) in 1980 to twelve (12) in 1987. 5. Of the thirty (30 ) residential structures in the East Bank, (including the part not zoned A-3 ) sixty-seven percent (67%) require cosmetic and/or structural repairs. C. In the sub-area known as Monroe Park: 1. Twenty percent (20% ) of the land zoned "B" Residential is currently vacant. (This does not include land used for streets and alleys) . 2. There are one hundred thirty-five (135) structures in the subarea. Of these, eighteen (18) or thirteen percent (13%) are substandard. 3. Seven percent (7% ) of all the land in Monroe Park is currently vacant. (This does not include land used for streets & alleys) . D. In the entire South Bend Central Development Area: 1. Twenty-one percent (21% ) of the land is currently vacant. (This does not include land used for streets & alleys) . 2. An additional five percent (5%) of the land is currently underutilized or has buildings on it that are vacant or underutilized. (This does not include land used for streets & alleys ) . 3. In addition to the fact that twenty-six percent (26%) of the land within the entire Area is either vacant or underutilized, the findings within Paragraphs A through C inclusive, above, are all incorporated by reference as to blight within the entire Area, inasmuch as the South Bend Common Council finds that blighting influences from one part of the Area have a substantial negative impact on other parts of the Area and that blight within any part of the Area is interrelated to a substantial degree with the remainder of the Area. •osep T. Serge, Pres ' ;' t South Bend Common Co ricil ATTEST: jj Irene Gammon, City Clerk mm/2B