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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 11. The Common Council hereby determines that the property owner is <br /> qualified for and is granted Personal property tax deduction for a period of five (5) years, <br /> and further determines that the petition, the Memorandum of Agreement between the <br /> Petitioner and the City of South Bend, and the Statement of Benefits comply with <br /> Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br /> 6-1.1-12 et_ sea. <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 /> -�-�-�t �0- 0 ol,( <br /> Member of the Common C cil <br /> f�e <br /> opp"wJ'n <br /> ItE t:a �'�zl ca Nrg"a►seve-1 <br /> Fined i { <br /> USENEID MAY 0 6 L012 � <br /> ar ApPiZOVEL! <br /> JOHN VC�ORWn <br /> i70pTECi CITY CLEAK,,.—OUTH BE1,11, IN! ; <br />