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28' 22" East a distance of 82.17 feet to a point, the POINT OF BEGINNING. Said tract <br />being 15.60 acres more or less. <br />and which has Key Number 18-5201-7736, as an Economic Revitalization Area; and <br />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 />remonstrance's 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 <br />purposes of tax abatement. Such designation is for Real property tax abatement only and <br />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 Real property tax deduction for a period of (10) ten years, and <br />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 se . <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 />~ ~~~ n~~~-mot. <br />Member fo~the Common Co cil <br />1~~Fsr~T~c~ ~, -ZS- ~ 8 <br />SOT APPRO`~fECa <br />~i~~ q~ ~l~~i~'~ ~fi~i~e <br />~~, ~ ~~ <br />CITY C± ^:;r ,,: ~~;~?', i~1.~ <br />ADOPTED <br />