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SECTION II. The Common Council hereby determines that the property owner is <br /> qualified for and is granted personal property tax deduction for a period of five (5) years <br /> as shown by the schedule outlined below as well as the attachment pursuant to Indiana <br /> Code 6-1.1-12.1-17 and further determines that the petition, the Memorandum of <br /> Agreement between the Petitioner and the City of South Bend, and the Statement of <br /> Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South <br /> Bend and Indiana Code 6-1.1-12 et se q. <br /> Year 1 -100% <br /> Year 2— 80% <br /> Year 3 —60% <br /> Year 4—40% <br /> Year 5 —20% <br /> SECTION III. 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 Of'f'ice <br /> OCT 04 2017 <br /> KrAREEKPIAH FOWLER <br /> NOT APPRO'YED CITY CLERK,SOUTH READ,I�' <br /> _ <br />