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Indiana Code 6-1.1-12.1 et sea., and South Bend Municipal Code Sections 2-76 et sea., <br />and; <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; <br />and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />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 (5) five 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 sec . <br />SECTION III. This Resolution shall be in full force <br />adoption by the Common Council and approved by the 1~1 <br />and after its <br />Council <br />PFESEN7ED ~,~~~~~~'~ <br />itOT l~PPROVE~ <br />AQ~P't~?~ -~' ~a-l~-l-c~ <br />SEP i 3 2010 <br />JQN~I VQORDE <br />CITY CLFRK, S0. EEP;D, IN. <br />