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SECTION VI. The Common Council hereby determines that the property owner is qualified for <br />and is granted property tax deduction for a period of eight (8) years as shown by the schedule <br />outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17. <br />Year 1 - 100% <br />Year 2 - 100% <br />Year 3 - 100% <br />Year 4 - 100% <br />Year s-95% <br />Year6-95% <br />Year 7 - 90% <br />Year 8 - 90% <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of <br />this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana <br />Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public <br />hearing before the Common Council on the proposed confirming of said declaration. <br />SECTION VIII. This Resolution shall be in full force at1d effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />otpyt <br />Sharon McBride, Council President <br />South Bend Common Council <br />Attest: <br />Bian"a Tirado, C. <br />Clerk <br />Office of the Cit Jerk <br />Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the <br />City of South Bend, Indiana on the 24th day of September , 2024, at <br />12 o'clock p.m. <br />_r_.m. <br />Bianca rado, City C <br />Office of the City Clerk <br />Approved and signed by me on the 21j day of 00,Li , 2024, at o'clock <br />Jam Mueller, Mayor <br />City of South Bend, Indiana <br />