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No. 2456 expanding the boundaries of the Airport Economic Development Area, expanding the allocation area for purposes of tax increment financing and amending the Airport Economic Development Area Development Plan (Portage Prairie)
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No. 2456 expanding the boundaries of the Airport Economic Development Area, expanding the allocation area for purposes of tax increment financing and amending the Airport Economic Development Area Development Plan (Portage Prairie)
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7/27/2009 10:50:11 AM
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the premises and all buildings thereon shall reflect a high level of design and maintenance <br />• in keeping with the standards of the Area. <br />Public Improvements <br />In order to stimulate and facilitate new development and expansion in the Area, the City of South <br />Bend will construct the following improvements in the Area, depending on the availability of <br />funds: <br />Widening construction and other improvements relating to new or existing roads. <br />2. Extension or construction of utilities such as water mains, storm and sanitary sewers and <br />other improvements needed to serve the Area. <br />Other infrastructure improvements such as internal streets, lighting, landscaping, <br />sidewalks, curbs, etc., as needed to serve the Area. <br />4. Other public improvements, as necessary for the project. <br />These public improvements will be phased as funds become available. <br />PROJECT PROPOSALS <br />Property Acquisition <br />The Land Acquisition Plan Map (Map 3) and Property Acquisition List (Table 1) indicate real <br />property to be acquired for economic development purposes. <br />After acquisition, the Redevelopment Commission will sell or lease the property to a purchaser <br />or lessee at its fair market value, excepting those cases when the property is sold or leased to <br />another public body pursuant to Indiana Code 36-7-14-22(a) or <br />36-1-11-8, for uses in accordance with the Plan. <br />Property Rehabilitation <br />All properties in the Airport Economic Development Area shall comply with the standards set <br />forth in all applicable statutes, codes and ordinances, as amended from time to time, relating to <br />the use, maintenance, and occupancy of existing property, including but not limited to, the <br />22 <br />i <br />
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