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HomeMy WebLinkAbout5A1 Resolution No. 3437 (Authorizing Staff to Study Potential Benefits of Amending Tax Increment Financing AreasRESOLUTION NO. 3437 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING STAFF TO STUDY POTENTIAL BENEFITS OF AMENDING TAX INCREMENT FINANCING AREAS WHEREAS, the South Bend Redevelopment Commission ("Commission"), the governing body of the South Bend, Indiana, Department of Redevelopment ("Department'), exists and operates under the provisions of I.C. 36-7-14, as amended from time to time; and WHEREAS, pursuant to I.C. 36-7-14-11, the Commission has a duty to investigate, study, and survey areas needing development within the City of South Bend, Indiana (the "City"), as well as to re -plan areas needing redevelopment in the manner that best serves the social and economic interests of the City and its inhabitants; and WHEREAS, the Commission previously designated and declared certain areas in the City to be either economic development areas or redevelopment areas, as well as allocation areas for the purposes of tax increment financing ("TIF"), and adopted development plans for each area, all of which have been amended from time to time; and WHEREAS, Resolution No. 818 was adopted by the Commission on October 23, 1987, declaring the "West Washington -Chapin Development Area" ("West Washington") to be a redevelopment area and an allocation area for the purposes of TIF, which resolution was confirmed by the Commission on December 11, 1987 by Resolution No. 824, and which resolution has been amended from time to time; and WHEREAS, the Commission adopted Resolution No. 919 on February 23, 1990, declaring the "Airport Economic Development Area" to be an economic development area and an allocation area for purposes of TIF, which resolution was confirmed by the Commission on June 27, 1990 by Resolution No. 938, and which resolution has been amended from time to time; and WHEREAS, the "South Side Development Area" ("SSDA") was declared to be a redevelopment area and an allocation area for purposes of TIF by the Commission on November 1, 2002 via Resolution No. 1914, which resolution was confirmed by the Commission on December 20, 2002 by Resolution No. 1928, and which resolution has been amended from time to time; and WHEREAS, on November 17, 2003, the Commission adopted Resolution No. 2016, declaring the "Northeast Neighborhood Development Area" to be a redevelopment area and an allocation area for purposes of TIF, which resolution was confirmed by the Commission on December 19, 2003 by Resolution No. 2021, and which resolution has been amended from time to time; and WHEREAS, on November 10, 2014, the Commission adopted Resolution No. 3255, 1 which expanded and renamed the Northeast Neighborhood Development Area as the "River East Development Area" ("River East"), and Resolution No. 3256, which expanded and renamed the Airport Economic Development Area as the "River West Development Area" ("River West"); and WHEREAS, the Department desires to study the boundaries of River East, River West, West Washington, and SSDA to determine whether such boundaries should be adjusted pursuant to the document attached hereto as Exhibit A, which has been presented to the Commission as well as to the Common Council of the City of South Bend, Indiana; and WHEREAS, the Commission desires that the Department study and create a report regarding the benefits of amending the boundaries of River East, River West, West Washington, and SSDA. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The Department, through its staff and in consultation with other advisors as necessary, shall survey, study, and investigate whether amendments to River East, River West, West Washington, and/or SSDA and their respective development plans would benefit public health and welfare. 2. The Department, through its staff and in consultation with other advisors as necessary, shall cause to be prepared maps and plats of the River East, River West, West Washington, and SSDA territories, showing the boundaries thereof and any proposed amendments to said boundaries, and indicating the locations of various parcels of property, streets and alleys, and other features affecting the acquisition, clearance, re -platting, re- planning, rezoning, or redevelopment of the River East, River West, West Washington, and SSDA territories, as well as any portions thereof to be used for public purposes under amended plans for economic development of River East, River West, West Washington, and SSDA. 3. The Department, through its staff and in consultation with other advisors as necessary, shall perform any additional actions required to fulfill the purpose of this Resolution. 4. This Resolution shall be in full force and effect upon its adoption. SIGNATURE PAGE FOLLOWS I ADOPTED at a meeting of the South Bend Redevelopment Commission held on July 12, 2018, at 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION Marcia I. Jones, Pr s' lent ATTEST: '�' 2L D nald E. Inks, Secretary EXHIBIT A TIF Area Adjustments Presentation ^rte W O M O o N -� C%4 CU r- ro L V) •N c- 0 p W U 4-j Q ro 4--jro v UO) o Q) Q o o ro ® 4 Ln dJ 4J (D w O > . > • > e > r o oe oc N cv m ern I� �E V) 4-J V C6 m 4-J 4� _4-J V C� V C6 Q. 4- 0 4-J C6 bu0 m E w V m a . ME a -J N C6 � > V V ' � C6 CU O 4� O .o a --j L V) ca O MOWN ro O — 4-J .- — D bn V un Co O Q- c :3 V) O Q •Ln — cn V '- 4� Q- .� V—) LnO V) •Q O I > V b.0 OPP• • 4� V) c6 v O Q, •— ® O C •� +� ro o Q O 0- V) 4-J V C6 m 4-J 4� _4-J V C� V C6 Q. 4- 0 4-J C6 bu0 m E w V m a . ME Ul I U4IW J ' 1aaa�aiii. i 111.1. LL Y IIe48Ily/yi — 43£ 6ullece E 435£ uawlaH //off Y uos,aued 431rE a '. 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