No. 2385 amending the South Bend Central Development Area Development Plan

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on October 7, 2005; and WHEREAS, Resolution No. 737 was further amended by Resolution No. 2192 adopted on December 2, 2005; and WHEREAS, Resolution No. 737 was further amended by Resolution No. 2328 adopted on May 18, 2007; and WHEREAS, Resolution No. 737 was further amended by Resolution No. 2374 adopted on September 7, 2007; and WHEREAS, the Commission desires to filrther amend Resolution No. 737 by expanding the South Bend Central Development Area to include Expansion Area No. 8 (which collectively shall be referred to as the "Area") in order to facilitate and enhance redevelopment and planning for the Area in accordance with the Development Plan, which said Expansion Area No. 8 is more specifically described at Exhibit B; and WHEREAS, Section 43 of the Act permits the creation of an allocation area within a redevelopment area to provide for the allocation and distribution, as provided by the Act, of the proceeds of taxes levied on property situated in the allocation area; and WHEREAS, the Commission, in accordance with the Act, has previously established the South Bend Central Allocation Area (South Bend Allocation Area No. lA); and WHEREAS, the Commission, in accordance with the Act, expanded the boundaries of the South Bend Central Allocation Area (South Bend Allocation Area No. 1 A) to include Expansion Area No. 1 by the adoption of Resolution No. 834, adopted on March 11, 1988 and confirmed by Resolution No. 836, adopted on April 15, 1988, and Expansion Area No. 2 and Expansion Area No. 3 by the adoption of Resolution No. 893, adopted on October 27, 1989, and Expansion Area No. 5 by the adoption of Resolution No. 2001 adopted on October 3, 2003, and Expansion Area No. 6 by the adoption of Resolution No. 2014 adopted on November 17, 2003, and Expansion Area No. 7 by the Resolution No. 2105 adopted on November 5, 2004 and to exclude Reduction Area No. 1 by the adoption of Resolution No. 2015 adopted on December 19, 2003 (collectively referred to herein as "Allocation Area No. lA"), and WHEREAS, Allocation Area No. lA does not include Expansion Area No. 4 as described and approved in Resolution No. 1737 adopted on February 18, 2000; and WHEREAS, the Commission desires to amend Allocation Area No. lA to include Expansion Area No. 8; and WHEREAS, the Development Plan includes a list of parcels of property to be acquired within the Area (the "Property Acquisition List"); and •