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improvements to real estate to be used as a suite hotel <br /> facility in St. Joseph County, Indiana, resulting in a minimum <br /> of twenty (20) full-time new jobs with an annual payroll of <br /> approximately Two Hundred Seventy-five Thousand Dollars <br /> ($275, 000. 00) . <br /> WHEREAS, the 1983 and 1985 Indiana General Assembly <br /> amended I.C. 36-7-12 to provide at I.C. 36-7-12-38 for the <br /> designation of economic development target areas by the fiscal <br /> body upon favorable recommendation by an .Economic Development <br /> Commission. <br /> WHEREAS, I.C. 36-7-11.9-3 provides that the statutory <br /> exclusion of a facility as an "economic development facility" <br /> will not be applicable in the case of a facility to be located <br /> in an economic development target area, if the fiscal body of <br /> the appropriate governmental unit finds that the proposed <br /> facility will not have an adverse competitive impact on other <br /> facilities of the same kind already operating in the same <br /> market area, and if the proposed facility will contribute <br /> significantly to the creation of permanent new job opportuni- <br /> ties. <br /> WHEREAS, the South Bend Economic Development Commis- <br /> sion has recommended favorably to the South Bend Common Council <br /> and the St. Joseph County Council the designation of an <br /> economic development target area, commonly known as 52694 U.S. <br /> 31-33 North, St. Joseph County, Indiana more particularly <br /> described as follows: <br /> -2- <br />