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SECTION II. The Common Council hereby determines that the property owner is qualified for <br /> and is granted real property tax deduction for up to a period of eight (8) years as shown by the <br /> schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17 and <br /> further determines that the petition, the Memorandum of Agreement between the Petitioner and <br /> the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the <br /> Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. <br /> Year 1 - 100% <br /> Year 2 - 95% <br /> Year 3 - 95% <br /> Year 4- 90% <br /> Year 5 - 80% <br /> Year 6 - 80% <br /> Year?-60% <br /> Year 8-50% <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 /> 6„, <br /> Canneth Lee, Council President <br /> South Bend Common Council <br /> Attest: <br /> f <br /> ,I <br /> Biai a irado, i Clerk <br /> Office of the Ci Clerk <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 11 th_day of February , 2025, at 12 o'clock <br /> p.m. <br /> Bianca rado, City Cler <br /> Office of the City Clerk <br /> n <br /> Approved and signed by me on the I day of 1 �1•.tt ,2025,at Li o'clock <br /> t.m. <br /> Jame Mueller, Mayor <br /> City f South Bend <br />