No. 2350 amending the Northeast Neighborhood Development Area Development Plan to establish a housing program

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• uhicli ii~~~ C.xnmissinn will her ruideii in prnvidim~ h~~r such ~~crums dis~ilaccd by the acliini (~i~ tlte~ C~nnirissinn IiE IT FURT~IER i'tTr50L'~%ID that all proceedings related to the redevelopment of the herein described area shall he referred to as the Northr.ast ~~eigh}x~rhoud DeveluPrrtent ,Area- BE I~i' 1+'C'~ttTt1ER RESQL~'Ell that ttu; redeveloptzlent ofthe _Rrea sha11 tie u~ accordance ~~.~ittt the Rturtheast Neightxxhood Development Area Plan. lIE I'I` AI,~RO I2ESOL~'ET?, Chat tfie Gaantussiou pnsposes the followui~a i'uadin~s subject u~ cuniirmcstion after a duly called pulific ntettutg: i. F3ttsed upon evidence submitted to the Contmis5ioit, the C«tsnnission finds and detea~ntne.s that there i5 a substantial presetrce in the area designated as the N~~rtheast Ncighlwekood llecelopment Arezi {-Area";) of excessive vacant lanes, abttndotred ur vacamt buildings, i>ki buildings, excessive vactuu ies, serbstaiidaril structures, cleterioratu~~> iufi tistnicture, and lack of utltasn ucturc sufticieut ro supl~>ort redevek~ptnent of the Aretr. ii. Thte Conv~lissum further rinds that the ;1rca is hii~=bred and a~nsritutcs a m~~ttacc. to the; si.~cial and economic interest t~f the. City of South Bend tmd it, inhabitants, noes it will t>o of publte utility and benefit to acuuue land within suctr At•ea and to redecelol~~ it under the Ai~t. iii. The assessed value of the real property of the, Area when added to f.hc assessed vttlut; of the real Properly Jr,cat~d in all tede:velopmettt area, doe; not exceed twenty percent ("~Ou'~) of the total ussi sed vuhte of the real property located in the City of Scnrd] Bead. iv. The Nurthetut Neistltlx~rh~nxl Deveh~pntent Area Plan ("Plan°i fir the Area will result iu the drnx.ili€ion aud27r selective deuu~litiou and reuse ut hliglued struetutzs_ .1lleviatiug tress blight turd its bligltiing utftuenec is proJccte:d to be a oattdyst to ongoing and Yuture development in the Arent. v. The Plus for the .Area drliitcatcs lire (5) Sub-Areas to he known a~ ii) the t3ddy Street Cotrntiercial Redeveh~pment Area (ii) the Ge~~reiana-Talbot Residential Redeve:Iopuient Area; (sill the Nome~iwnership Prese;n~ation ,Area; (iv.) The SC. Joseph Regional ~~Iedical Center Rcdcvcloptrrent area; uud (v) the'l~adison Center Campus Housing and Conmtercial Rcdeveh>pment :area. vi. The Plan fr~r• the Arca cannot he achieved without the dcsizuation of the ^s~ea as a rede;veloprnent area txeuusc of stagnated ur depressed levels of private investment within the Area trod because of the existence of hliahted conditions as `t 1 `_ J 17