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WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing <br /> before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and <br /> WI,IER.EAS, the Council held a public hearing for the purposes of hearing all <br /> remonstrances 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 South <br /> Bend, Indiana,as follows: <br /> SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the <br /> area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br /> Such designation is for Real property tax abatement only and is limited to two (2) calendar years <br /> from the date of adoption of the Declaratory Resolution by the Common Council. <br /> SECTION IL The Common Council hereby determines that the property owner is qualified for <br /> and is granted Real property tax deduction for a period of three (3) years, and further determines <br /> that the petition, the Memorandum of Agreement between the Petitioner and the City of South <br /> Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of <br /> the City of South Bend and Indiana Code 6-1.1-12 et se q. <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 /> Member of the Common Council <br /> Hied 1nt' `s- C0 <br /> PRE5ENTED <br /> hiOT APPr20YE€) CITYC <br /> LE Ft,.sOt.-Irv, 3END,IN <br /> �,DOPTM <br />