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REGULAR MEETING JUNE 23, 2008 <br /> <br /> <br /> <br /> <br />WHEREAS, the City of South Bend through its Redevelopment Commission (the <br />"Commission") and Holladay Properties have undertaken the responsibility to prepare a <br />Master Plan for the East Bank of South Bend; and <br /> <br />WHEREAS, the East Bank Village Master Plan – Phase I is a strategic <br />development plan that was created with input from a variety of stakeholders, including <br />East Bank Village residents and businesses; and <br /> <br />WHEREAS, the East Bank Village Master Plan – Phase I contains a detailed land <br />use plan for the development of the area with public and private sector investment <br />opportunities and a projected development schedule; and <br /> <br />WHEREAS, on June 13, 2008, the Commission approved and adopted its <br />resolution entitled "Resolution of the City of South Bend, Indiana, Redevelopment <br />Commission Designating and Declaring an Amendment to the Redevelopment Plan for <br />the South Bend Central Development Area" (the "Declaratory Resolution"); and <br /> <br />WHEREAS, the Declaratory Resolution approves an amendment (the "Plan <br />Amendment") to incorporate the East Bank Village Master Plan - Phase I into the <br />redevelopment plan (the "Original Plan") for the South Bend Central Development Area <br />(the "Area"), (the Original Plan, as amended by the Plan Amendment, shall hereinafter be <br />referred to as the "Redevelopment Plan"); and <br /> <br />WHEREAS, on June 17, 2008, the Plan Commission adopted and approved its <br />resolution, a copy of which is attached hereto, determining that the Declaratory <br />Resolution and the Redevelopment Plan, including the Plan Amendment, conform to the <br />plan of redevelopment for the City and approving, ratifying and confirming the <br />Declaratory Resolution and the Redevelopment Plan, including the Plan Amendment, and <br />designated such resolution as the written order of the Plan Commission approving the <br />Declaratory Resolution and the Redevelopment Plan, including the Plan Amendment, as <br />required by Section 16(a) of the Act (the "Plan Commission Order"); and <br /> <br />WHEREAS, Section 16(b) of the Act prohibits the Commission from proceeding <br />until the Plan Commission Order is approved by the legislative body of the City; and <br /> <br />WHEREAS, the Common Council of the City (the "Common Council") is the <br />legislative body of the City and now desires to approve the Plan Commission Order in <br />order to permit the Commission to proceed with the acquisition and redevelopment of the <br />Area; and <br /> <br />WHEREAS, the East Bank Village Master Plan-Phase 1, which is attached hereto <br />and incorporated herein, contains all the elements necessary to strategically guide <br />development in the East Bank of the City’s downtown area, and is appropriate and in the <br />best interest of the City and its citizens. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana as follows: <br /> <br />SECTION I: The Plan Commission Order attached hereto is hereby approved, <br />ratified and confirmed in all respects. <br /> <br />SECTION II: That the East Bank Village Master Plan-Phase 1, a true and <br />complete copy of which is attached hereto and incorporated herein shall be and hereby is <br />approved. <br /> <br />SECTION III: That any use of Eminent Domain in the East Bank Village area <br />will be approved by the South Bend Common Council. <br /> <br />SECTION IV: That this Resolution shall be in full force and effect from and after <br />its passage by the Common Council and approval by the Mayor. <br /> <br /> 34 <br /> <br />