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SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Real property tax abatement only and <br />is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of four (4) years, and <br />further determines that the petition, the Memorandum of Agreement between the <br />Petitioner and the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6-1.1-12 et seq. <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />Member of the Common ouncil <br />Signing of this bill is only to p. cvide <br />h°ering and <br />an c~portur.r;;~ f:r ~.bs;c <br />Council action on this issue. <br />PRESENTED ~ '<<-`~o <br />NOT APPROVE[? <br />~~t~~ lr~ ~E~r4~'~ f~~#aC~ <br />J U L 2 3 2008 <br />JQNF~ VCIu;:~c <br />CITY GLEr,n, fio. EEP.tI, fol. <br />ADOPTED <br />