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year designation period granted in the Confirming Resolution, which will expire on May <br /> 26, 2017. <br /> WHEREAS, the Petitioner has requested an additional period of time to complete <br /> construction of the planned project. The project experienced unforeseen delays in the <br /> design stage which led to an overall delay in the construction timeline. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br /> South Bend, Indiana, as follows: <br /> SECTION I. The Petitioner acknowledges that they will not have the project completed <br /> within the two year designation period granted in the Confirming Resolution due to the <br /> following: <br /> A. The project experienced unforeseen delays in the design stage, led primarily <br /> by the Department of Community Investment to look at the overall site plan <br /> and building elevation. The results of this additional design time will deliver <br /> a product that both the Developer and City feel is far superior to the original <br /> design and be a tremendous asset for the community for years to come. <br /> The Common Council hereby finds that the extension of the designation is appropriate in <br /> light of the aforementioned reason noted above. <br /> SECTION II. The Common Council hereby reconfirms its Declaratory Resolution and <br /> its Confirming Resolution designating the area described herein as an Economic <br /> Revitalization Area for the purposes of tax abatement. Such designation is for real <br /> property tax abatement only and is limited to three (3) calendar years from the date of <br /> adoption of the Declaratory Resolution by the Common Council. <br /> SECTION III. The Common Council hereby determines that the property owner is <br /> qualified for and is granted a real property tax deduction for a period of nine (9) years <br /> pursuant to Indiana Code 6-1.1-12.1-17 and further determines that the petition, The <br /> Memorandum of Agreement between the Petitioner and the City of South Bend, and the <br /> Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the <br /> City of South Bend and Indiana Code 6-1.1-12 et seq. <br /> SECTION IV. This Resolution shall be in full force and effect from and after its <br /> adoption by the Common Council and approved by the Mayor. <br /> Member of the Common Council <br /> Filed in Clerk's Office <br /> PRESENTED <br /> APR 2 0 2017 <br /> NOT APPROW KAREEMAH FOWLER <br /> r! CITY CLERK,SOUTH BEND,IN <br /> 'AD0P7W 5I0 1 �► <br />