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4�ouTx FFiledClerk's Office <br /> PEACE ? n 2022 <br /> �s65A JONES <br /> ,SOUTH REND, IN <br /> CITY OF SOUTHBEND <br /> COMMUNITY INVESTMENT <br /> Santiago Garces, Executive Director <br /> April 18, 2022 <br /> Sharon McBride <br /> President, South Bend Common Council <br /> 4"Floor, County-City Building <br /> South Bend, IN 46601 <br /> Re: Resolution to Approve of the Written Order of the South Bend Plan Commission Regarding the <br /> Proposed Tax Increment Finance("TIF")Area Realigmnent <br /> Dear President McBride: <br /> Enclosed for consideration by the Common Council is a resolution which approves of the written order of <br /> the South Bend Plan Commission(the"SBPC") evidenced by a resolution adopted by the SBPC on April <br /> 18, 2022(the"SBPC Resolution"), in connection with the proposed realignment of the River East TIF <br /> Area located in the City of South Bend(the"City"). The SBPC Resolution approved of action taken by <br /> the South Bend Redevelopment Commission(the "Redevelopment Commission")on April 14, 2022,to <br /> adopt declaratory resolutions for the purpose of. <br /> (i) (i)designating and declaring certain areas within the City to be redevelopment areas and <br /> an allocation area for purposes of tax increment financing to expand the existing River <br /> East Development Area(the"River East Area"); (ii) adding certain parcels of property to <br /> the River East Area property acquisition list; and(iii)approving an amended and restated <br /> development plan for the River East Area(the"River East Plan"); and <br /> The purpose of the proposed TIF realignment is to more accurately reflect the boundaries of the <br /> redevelopment and economic development areas in the City in light of the ongoing development plans for <br /> the City. Moreover,the realignment serves the inter-related goals of fiscal stewardship,economic <br /> development, and neighborhood revitalization. Through this action the City will be able to address <br /> infrastructure, grow community assets,and aid development projects to support a high quality of life <br /> while also continuing a proactive approach to job creation and new investment. This resolution is part of <br /> the approval process required under Indiana Code 36-7-14,which approval process would conclude with <br /> consideration by the Redevelopment Commission of confirming resolutions following a public hearing <br /> after approving action by the Common Council on the attached resolution. <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />