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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. Such <br /> designation is for retail development real property tax abatement only and shall expire on <br /> December 31, 2028. <br /> 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 six (6) 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 - 90% <br /> Year 4 - 85% <br /> Year 5 - 80% <br /> Year 6 - 70% <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 /> - -------- , j,--'---- <br /> Canneth J. Le , Council President <br /> South Bend Common Council <br /> Attest: <br /> Bianca L. Tirado, ity Clerk <br /> Office of the City 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 24th day of February , 2026, at 12 o'clock p.m. <br /> LOW . OLAtfr-- <br /> Bianca L. Tirado, City Clerk <br /> Office of the City Clerk <br /> dit h <br /> Approved and signed by me on the day of I" ILL , 2026, at y o'clock <br /> .m. <br /> Jame ueller, Mayor <br /> City f South Bend, Indiana <br />