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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 <br /> the date of adoption of the Declaratory Resolution by the Common Council. <br /> SECTION 1I. The Common Council hereby determines that the property owner is qualified for <br /> and is granted real property tax deduction for a period of six (6) years as shown by the schedule <br /> outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17 and further <br /> determines that the petition, the Memorandum of Agreement between the Petitioner and the City <br /> of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal <br /> Code of the City of South Bend and Indiana Code 6-1.1-12 et se q. <br /> Year 1 - 100% <br /> Year 2 - 100% <br /> Year 3 - 100% <br /> Year 4 - 100% <br /> Year 5 - 100% <br /> Year 6 - 100% <br /> SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br /> Common Council and approved by the Mayor. <br /> Member of the Common Council <br /> I <br />