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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 (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 sew.; provided <br />however, the Petitioner may not receive an economic revitalization area deduction if it <br />receives an enterprise zone investment deduction under T.C. 6- 1.1 -45 for the same <br />property. <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 />.L- V3 - 0'. ' . \ <br />Member of the Common Ccil <br />1 <br />:s t,mL <br />�+DL��Si`Gr:SexY(.'6Y �A'G¢ uii -'art acJ'a3d�lt�,� <br />•ya.. err Ai _.. .. t.,.Y �,,�k.u�,.Y� 1!'�.f �;����,� <br />