From the expressions you found for $x_0$ and $y_0$ one also gets: $$ x_0^2+y_0^2={c^2\over1+m^2}. $$ From ${c^2+2mc-3c\over1+m^2}={3\over2}$ we have then: $$ {c^2+2mc-3c\over1+m^2}=x_0^2+y_0^2-2x_0-3y_0={3\over2}. $$ That is the equation of a circle, centered at $\left(1,{3\over2}\right)$ and of radius ${\sqrt{19}\over2}$, which is then the desired locus.
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