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WHEREAS, the Commission desires to amend Resolution No. 919 by expanding the Airport
<br />Economic Development Area to include Expansion Area No. 24 (which collectively shall be referred
<br />to as the "Area") so as to facilitate and enhance the planning, development and disposition of
<br />property within the area, which Expansion Area No. 24 is described as set forth at Exhibit A; and
<br />WHEREAS, Section 43 of the Act permits the creation of an allocation area within an
<br />economic development area to provide for the allocation and distribution, as provided by the Act, of
<br />the proceeds of taxes levied on property situated in the allocation area; and
<br />WHEREAS, the Commission in accordance with the act, has previously established the
<br />Airport Economic Development Area, Allocation Area No. 1; and
<br />WHEREAS, the Commission, in accordance with the Act, expanded the boundaries of the
<br />Airport Economic Development Area, Allocation Area No. 1 to include Expansion area No. 1 and
<br />Expansion Area No. 2 by the adoption of Resolution No. 965, adopted on November 9, 1990, and
<br />confirmed by Resolution No 971, adopted on January 2, 1991, and Expansion Area No. 3 by the
<br />adoption of Resolution No. 1058, adopted on May 22, 1992, and Expansion Area No. 4 by the
<br />adoption of Resolution No. 1349, adopted on July 7, 1995, and Expansion Area No. 5 by the
<br />adoption of Resolution No. 1545, adopted on November, 21 1997, and Expansion areas No. 6, 7 and
<br />8 by the adoption of Resolution No. 1667, adopted on February 19, 1999, and Expansion Areas No. 9
<br />and 10 by the adoption of Resolution No. 1796, adopted on October 20, 2000, and Expansion Area
<br />• No. 11 by the adoption of Resolution No. 1827, adopted on February 16, 2001, and Expansion Areas
<br />No. 12, 13, 14 and 15 by the adoption of Resolution No. 1916, adopted on November 1, 2002, and
<br />Expansion Area No. 16 by the adoption of Resolution No. 1977, adopted on July 18, 2003, and
<br />Expansion Area No. 17 by the adoption of Resolution No. 2006, adopted on November 7, 2003, and
<br />Expansion Area No. 18 by the adoption of Resolution No. 2019, adopted on December 19, 2003, and
<br />Expansion Area No. 19 by the adoption of Resolution No. 2090, adopted on October 22, 2004, and
<br />Expansion Area No. 20 by the adoption of Resolution No. 2144, adopted on March 4, 2005, and
<br />Expansion Area No. 21 by the adoption of Resolution No. 2254, adopted on August 25, 2006, and
<br />Expansion Area No. 22 by the adoption of Resolution No. 2279, adopted on December 15, 2006, and
<br />Expansion Area No. 23 and Consolidated Area No. 1 by the adoption of Resolutions No. 2348 and
<br />No. 2351, adopted on June 19, 2007 and July 20, 2007, respectively (collectively referred to herein
<br />as "Allocation Area No. 1 "); and
<br />WHEREAS, Section 17.5 of the act provides for the means for amending a resolution or
<br />plan in a way that enlarges the boundaries of an economic development area by not more than twenty
<br />percent (20%) of the original economic development area or adds one (1) or more parcels to an
<br />area's property acquisition list; and
<br />WHEREAS, the Development Plan includes a list of the parcels of property within the
<br />Airport Economic Development Area to be acquired (the "Property Acquisition List"); and
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