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WHEREAS, the Petitioner has requested an additional period of time to complete <br />construction of the planned project. <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 Confirming Resolution designating the <br />area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for residential property tax abatement only and is now limited to six (6) <br />calendar years from the date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified for <br />and is granted residential property tax deduction for a period of five (5) years. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />PRESENTEO <br />R01 AMOAC), <br />2 <br />•- • I U • • • <br />Filet! <' <br />CITY CLERK, sourr�i SPEND, R <br />