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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 purposes <br /> of tax abatement. Such designation is for Real Property tax abatement only and is limited <br /> to two(2)calendar years from the date of adoption of the Declaratory Resolution by the <br /> Common Council. <br /> SECTION 11. The Common Council hereby determines that the property owner is qualified <br /> for and is granted a real property tax deduction for a period of(6)six years as shown by <br /> the attachment pursuant to Indiana Code 6-1.1-12.1-17 and further determines that the <br /> petition, the Memorandum of Agreement between the Petitioner and the City of South <br /> 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 sea. <br /> SECTION III. This Resolution shall be in full force and effect from and after its adoption <br /> by the Common Council and approved by the Mayor. <br /> Member of the Common Council <br /> Filed Ira V_y., :Office <br /> L MtSENTEI `"I jfOLT APKOVM UTH noun,IN <br />