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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 Real property tax abatement only and <br />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 Real property tax deduction for a period of five (5) years, and <br />further determines that the petition, the Memorandum of Agreement between the <br />Petitioner and the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6- 1.1 -12 e_t se Q. <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 />ADO e : r "i <br />Member of the Common Counci <br />,ate. <br />gut <br />tslLlF,,ti4`'.i <br />WIWI <br />Fife In CIV'k's Office <br />F <br />JUN 2010 <br />jo-H r�OOMDE <br />C17 CU;''.;', Flo. �. "; 1, !N. <br />