No. 2344 establishing a housing program and housing allocation area in the Northeast Neighborhood Development Area

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f 7 • RESOLUTION NO. 2344 RESOLUTION OF THE SOUTH BEND REDEVF,LOPMENT COMMISSION ESTABLISHING A HOUSING PROGRAM AND DESIGNATING AND DECLARING A HOUSING ALLOCATION AREA IN THE NORTHEAST NEIGHBORHOOD DEVELOPMENT AREA AND AMENDING THE NORTHEAST NEIGHBORHOOD DEVELOPMENT AREA DEVELOPMENT PLAN WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the governing body of the South Bend Department of Redevelopment (the "Department") and the Redevelopment District of the City of South Bend, Indiana (the "Redevelopment District"), exists and operates under the provisions of the Redevelopment of Cities and Towns Act of 1953, which has been codified in Indiana Code 36-7-14 et se ., as amended from time to time (the "Act"); and WHEREAS, the Commission has previously designated and declared ail area in the City of South Bend, hidiana (the "City"} known as the Northeast Neighborhood Development Area (the "Area") to be a redevelopment area and an allocation area, for purposes of tax increment financing and established an allocation fund for said Area all pursuant to Resolution No. 2016 adopted by the Commission on November 17, 2003; and WHEREAS, Resolution No. 2016 was confirmed by Resolution No. 2021, adopted on December 19, 2003; and WHEREAS, Resolution No. 2016 was amended by Resolution No. 2250, adopted on July 21, 2006; and WHEREAS, Resolution No. 2016 was further amended by Resolution No. 2311 and Resolution No. 2312, adopted on December 16, 2006 (Resolution No. 2016, as amended is referred to herein as the "Declaratory Resolution"); and WHEREAS, Section 45 of the Act provides that the Commission may establish a program for housing as part of a redevelopment plan or an amendment to a redevelopment plan, and must establish an allocation area for purposes of Sections 39 and 48 of the Act for the accomplishment of the housing program; and WHEREAS, Sections 39 and 48 of the Act have been enacted to permit the creation of housing allocation areas within a redevelopment area with a housing program to provide for the allocation and distribution, as provided in the Act, of the proceeds of taxes levied on property situated in a housing allocation area; and WHEREAS, the Commission desires to establish a housing program in the Area (the "Housing Program"), as more particularly described in Exhibit A, attached hereto and made apart hereof, and a hottsing allocation area ("Allocation Area No. 2") for the Housing Program eimao~ a~~,~~ioo~z