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l <br />FIEF�AS� the ommum "ty and Economic eve ommi ee ofd <br />Common Council has reviewed said report and recommended to the Common Council <br />that the area qualifies as an Economic Revitalization Area. <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 determines and finds that the Petition for <br />Real Property Tax Abatement and the Statement of Benefits form completed by the <br />Petitioner meet the requirements of Indiana Code § 6 -1.1 -12.1 et SeMc ., for tax abatement. <br />SECTION II. The Common Council hereby determines and finds the following: <br />A. That the estimate of the number of individuals who will be employed or <br />whose employment will be retained by the Petitioner can reasonably be expected to result <br />from the proposed occupation of the eligible vacant. building; <br />B. That the estimate of the annual salaries of those individuals who will be <br />employed or whose employment will be retained by the Petitioner can be reasonably <br />expected to result from the proposed occupation of the eligible vacant building; <br />C. That the proposed occupation of the eligible vacant building will <br />increase the tax base and assist in the rehabilitation of the Economic Revitalization <br />Area; <br />D. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed occupation of the eligible <br />vacant building; and <br />E. That the totality of benefits is sufficient to justify the requested deduction, <br />all of which satisfy the requirements of Indiana Code § 6- 1.1- 12.1 -3. <br />SECTION III. The Common Council hereby determines and finds that the <br />proposed occupation of the eligible vacant building can be reasonably expected to yield <br />benefits identified in the Statement of Benefits, Sections 1 through 3 of the Petition for <br />Real Property Tax Abatement Consideration and the Memorandum of Agreement <br />between the Petitioner and the City of South Bend, and that the Statement of Benefits <br />form completed by the petitioner, said form being prescribed by the State Board of <br />Accounts, are sufficient to justify the deduction granted under Indiana Code § 6 -1.1 -12.1- <br />3. <br />