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

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3. The South Bend Central Development Area is hereby amended by adding the area described in Exhibit B as "Expansion Area No. 8" and the Area, as expanded by this amendment, shall be hereinafter known as the "South Bend Central Development Area" and shall be more particularly described as Exhibit C. 4. The South Bend Central Development Area Allocation Area No. lA is hereby expanded to include Expansion Area No. 8, as described at Exhibit B (collectively, "Allocation Area No. lA"), so that the boundaries of said allocation area and the South Bend Central Development Area are coterminous, with the exception of Expansion Area No. 4 which is excluded from Allocation Area No. 1 A. Any taxes levied on the property imposed under Indiana Code § 61.1 in Allocation Area No. lA shall be allocated, distributed and used as provided in Resolution 737, as amended by the Act. The base assessment date for Expansion Area No. 8 for the purposes of this Act is March 1~ 2007. Allocation Area No. lA as expanded shall be hereinafter known as "South Bend Central Allocation Area (South Bend Allocation Area No. 1 A)." 5. To accomplish redevelopment of the Area, it is necessary to acquire additional land within the Area as shown on Exhibit D attached hereto and incorporated herein and to add such parcels to the Property Acquisition List in the Development Plan. 6. It is estimated that the cost of acquisition and redevelopment of the properties being added to the acquisition list is $2,500,000. 7. The Development Plan is amended at page 22AA to reflect the additions to the Property Acquisition List, and is hereby in all respects approved. 8. The Secretary is hereby directed to file a certified copy of said Development Plan, as amended, with the minutes of this meeting. 9. The Secretary is directed to record this resolution pursuant to the requirements of Indiana Code ~ 36714-17.5(8). 10. All other findings, determinations, and conclusions in Resolution No. 737, as amended, shall remain as stated therein. 11. The United States of America is hereby assured of full compliance by the South Bend Redevelopment Commission with regulations of the Department of Housing and Urban Development effectuating Title VI of the Civil Rights Act of 1964, as amended. ~**~* •