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and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic revitalization <br />area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby reconfirms its Declaratory Resolution designating the <br />area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such <br />designation is for real property tax abatement only and is limited to two (2) calendar years from the <br />date of adoption of the Declaratory Resolution by the Common Council. The Common Council <br />hereby confirms that Somaschini North America may assume the tax abatement previously granted <br />to SBG Realty, LLC. <br />SECTION II. The Common Council hereby determines that the property owner is qualified for and <br />is granted a real property tax deduction for a period of eight (8) years, and further determines that the <br />petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and <br />Indiana Code 6- 1.1 -12 et sect. <br />SECTION III. This Reconfirming Resolution references Confirming Resolution No. 4075 -11. <br />Somaschini North America hereby assumes the approved tax abatement granted to SBG Realty, LLC <br />for property located at 3849 Showerlux Drive, South Bend, IN 46628 and with it, all targets <br />associated with the original petition for incentives regarding private investment and job creation and <br />retention. <br />SECTION IV. This Resolution shall be in fall force and effect from and after its adoption by the <br />Common Council and approved by the Mayor. <br />I st READtNG <br />PUBUC'cHEARING <br />S�A 9MM5v1 <br />NOT APPROVED <br />REFERRED <br />PASSW <br />Member of the Common Council <br />Filed in Clerk's Office <br />AUG 0 3 !J 2016 <br />KAREEMAH FOWLER <br />CITY CLERK, K, SOU TH BEND, IN <br />