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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 II. 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 complies with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et sec . <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 />Member of th C mmon Council <br />PRESENTED ~'~~~~ <br />AiOT APPROVED <br />ADOPTED -1'~t~~ 8 <br />~i1ed In Glerk'~ Gffice <br />~~r~AR - 6 2008 <br />,!^I~tS VCC'riCE <br />CITYCLE.~4, ED. EE'tD, IN. <br />