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WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances <br />and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic revitalization <br />area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area <br />described herein as an Economic Revitalization Area for the purposes of tax abatement. Such <br />designation is for Personal property tax abatement only and is limited to two (2) calendar years from <br />the date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified for and <br />is granted Personal property tax deduction for a period of five (5) years, and further determines that <br />the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and <br />Indiana Code 6-1.1-12 et sec . <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approved by the Mayor. <br />-~ <br />Member of the on Council <br />• ~ l~ ~~~~;c' ~ ~,~cce <br />~~~~,~ <br />nn ~ <br />SBDS02 RJD 339408v1 <br />~ ~ ~~ <br />PRESENTED <br />~,~ <br />~~t4y ~ ~ a. ~~ AND, ~N' <br />CCt`t Glc ~; 3Y., ,. <br />NOT APPROVED <br />~pOPTED ~ -~ ~ `~-~ <br />