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.viiich the ~~~~rnu~:,~i~,n ~~~ill hr ~~ui~lcrl in hru~ i~lin~~ 1~,r su~~l~ l~cr.5~,~i, disl~l:~ccri by [i~~ ~iciu_,ri ~~1~ [lie <br />Ct+nnnissiun <br />$F; IT F[1RTI-IER RESOLVED tlt'~tt all Prc3ce~edln~Ts t-elated tc~ the rcde~'e1c~Pmeut of the <br />herein descrihed area shall he refen-ecl to as the Northeast Neighlx~rhood llevelopment Area. <br />Bl; IT FURTIIER RESOLVED that the redevelopittent of~ the Area shall he in accordance <br />with the Northeast Neichhorhuoil Deve.loptnent Area Plan. <br />Ifr~ 1.,1. ALSU I:ES+Ui~~'ED, that the Conniussion proposes the ti,llc,~~~in~r tindm~~s stihject <br />tip eonfirniatiun nftcr ~t duly called public nlectin~~: <br />i pascd upcni rvirh•ncr suhniitted tc~ tl~e Con~rni;si~nt. the Cl?nuni~siu~t finds <br />au~i detcnuine~ drat tlirre i~ a sal?st~uttial prcaru~'.e itt thr ~nea drii~7nuted a~ thr <br />ti~,,~rl~.c-a~t ti`ci~~hh~,~~huu~l De~~eloPn~ent ,area ;"Arra"i rt' r,:~eai~~c' ~~a~ant I~tn~l. <br />ahandoued or vaca»t huildin~s, oltl buildings, e!ccessive vacancies. substandard <br />>tl~UCtlll'L'1. i{itE'1~illrOtln~~ lnfl c tit1~lICT.UI~e, al1Cl l~tCh (llltltr~lStl'nCtlll-C SUt~N~1Cnt tit ~L(hp(11't <br />rr,le~~r!„piiieni ufthe .Arra_ <br />.~ l~lr_ ~_t.~tllill!5>](-III tLl;-Chel- flnls tll,lt the .fit-etl ]c: hl;L;1t~:~1 ..nt ~_.~il>IiLUtCS a <br />~;~i:~~r~c t:~ ti;r~ ~~~cial ;ind ccun~ntic interest of thr City, ~.~~f ~~u~tli bend and its <br />~u1~ai~iuiui~. auri ii ~~~ill hr of public utility and heurlit ru a~~~~uire iancl ~~uhnt si_teh <br />\rc i :~,uf r., rc ~lc•~i•l~~n it nneirr the 1.~'t <br />u. 1 hr~ _tti;c"r'rl value i.,f [Ite ital hrt~lic~1'CV u1~ [Ilr~ :1rea ~~ It~ti udd~~~~ [~~ t!1e <br />~,,,~,•rrt •~aluc ul thr real In~r~perty located in all rrtievclup~itcut ru~c;as dues nut <br />~x;:c«l t~~ent~~ pcr~cnt (_20~~~) of the total assessed vahte uf~thr rr-~tl r,~pca~t~ lu~ate~i <br />u; thy' Pity of S~utth BcniL <br />i~. hhe Nurtlieast Nei~~lthi~rh~~orl Developlitent Area F'I~ui ("Yl~in")fur the t\rea <br />~~`1~ I'eti~L]C I31 the ClelllOhtll)n anl~ol' SCleCINe demC)htl~~ll alld Il'llSe O1 hll~~hted <br />~huctures ,~lleviatiu<_~ this hli~~ht ~ittrl i[s hli~rhtul~a uitlueuce is hr~~jecteu to he a <br />catalyst to c~ngc~ing and runtri: devc:lopmeitt in the Area. <br />~' ~I~lte Plan fur the Area delineates five (~ j Soh-.~11'cas to hr knu~c'n as Vii) the <br />Eddy Sheet Connilercial Redevelopment Area (ii) the Georgiana-Talix~t Residential <br />Redevelopment Area; (iii) the Homeownership Preservation Area: (iv.) The St. <br />Ir~seph Re~ioual Medical Center Redevelopment Area; and (v) the I~Iadisou Center <br />C..unpus HC~using and Conu~~ercial Rede~~elopmet?t Area. <br />vi. The Plan for the Area cannot he achieved without t11e desiunation of the Area <br />,. ;; rr~d~~r~h,p;ncnt .u~ca I,~~~t~.t•r ~~t s[a~~nated ~,r dr~l~r~~~"~.,I I,~~rl~ ~,f~ l~rivatc <br />n~vesuitent within the :1reu curl because ut the existence of blt~hted cuuditiutis as <br />• <br />17 <br />