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and is granted property tax deduction for a period of ten (10) years as shown below and further <br /> determines that the petition, the Statement of Benefits and the Memorandum of Agreement <br /> between the Petitioner and the City of South Bend comply 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 /> Year 1 — 100% <br /> Year 2-95% <br /> Year 3 —80% <br /> Year 4—65% <br /> Year 5 —50% <br /> Year 6—40% <br /> Year 7—30% <br /> Year 8—20% <br /> Year 9— 10% <br /> Year 10—5% <br /> SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the <br /> Common Council and approval by the Mayor. <br /> Tim Scott, Counci resident <br /> South Bend Common Council <br /> NKE T116 Cl/I U lo?O!a <br /> NOT kPKCG. j 2 <br /> MOPThp = !01"?ag <br />