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

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- ~ r within the Area, as more particularly described in Exhibit B, attached hereto and made a part hereof; and WHEREAS, the Commission previously adopted a redevelopment plan for the Area entitled the "Northeast Neighborhood Development Area Development Plan" (hereinafter referred to as the "Development Plan"), and the Commission desires to amend such Development Plan (the "Plan Amendment") by including provisions for the establishment of the Housing Program and Allocation Area No. 2 within the boundaries of the Area, as set forth in Exhibit C, attached hereto and made a part hereof; and WHEREAS, the Department, pursuant to the Act, has previously conducted surveys and investigations and has thoroughly studied the Area within the City; and WHEREAS, upon such surveys, investigations and studies being made, the GOmmission finds that the Plan Amendment, which Plan Amendment is attached hereto and is hereinafter adopted in this Resolution, cannot be achieved by regulatory processes or by the ordinary operations of private enterprise without resort to the powers allowed under the Act due to the lack o[' public improvements, the existence of improvements or conditions that lower the value of the land below that of nearby land, or other similar conditions, and that the public health and welfare will be benefited by the accomplishment of the Plan Amendment, which shall include the Housing Program a~1d Allocation Area No. 2 within the Area; and WHEREAS, the Commission has previously caused. to be prepared maps and plats of the Area_ said maps and plats of the Area showing the boundaries of the Area, the location of the various parcels of property, streets and alleys and other features affecting the acquisition, clearance, replatting, replanning, rezoning, or redevelopment of the Area, indicating the parcels of property to be excluded from acquisition, and the parts of the Area that are to be devoted to public ways, levees, sewerage, parks, playgrounds, and other public purposes under the plans for the economic development of the Area as adopted herein; and WHEREAS, the Commission has determined that it currently has no intention to acquire real property as part of the Plan Amendment adopted herein; and WHEREAS, the Department (under the title of the Department of Community and Economic Development) has previously consulted with persons interested in or affected by the proposed Housing Program and has provided the affected neighborhood associations, residents, and township assessors with an adequate opportunity to participate in an advisory role in planning, implementing, and evaluating the proposed Housing Program; and WHEREAS, the Department held a public meeting in the affected neighborhood on May 30, 2007 to obtain the views of neighborhood associations and residents and published notice of such meeting in accordance with IC 5-3-1; and WHEREAS, there was presented to this meeting of the Commission for its consideration and approval, a copy of the Plan Amendment, which Plan Amendment consists of forty-ei ht (48) pages, and is attached hereto as Exhibit C; and BDDBOI 4766100v2 - 2 -