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WHEREAS, 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 II. 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 <br />determines that the petition, the Memorandum of Agreement between the Petitioner and the City <br />of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal <br />Code of 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 />PPF.SENtpc <br />AE40T I APPROVEo <br />Member of the Common Co it <br />S,gri!rg of :EV tSi' -1 4':J - 1v:i- .07eo .;Sli <br />0 Pp3u�a83>n� �u73 ��• -'�: <� bv�iC.� 1� <br />Filed In Clarki Calce <br />JUL -1 <br />0 04 1 <br />