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SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Personal Property tax abatement only <br />and is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />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 />and further determines that the petition complies with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. <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 o t e ommon ouncil <br /> <br />ADOPTEL? ~ (~'"~~ <br />FdlC~i !~l ~I~3'ii'~ ~'s~4ii~~ <br />~ ~,"! 2 0 2010 <br />J(ii!'JcuR~~ <br />rrTY G1_c'itC. ~D. 3~NJ,14l. <br />