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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 <br />South Bend, Indiana, as follows: <br />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 Personal property tax abatement only <br />and 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 Personal property tax deduction for a period of five (5) years, <br />and further determines that the petition complies with Chapter 2; Article 6, of the <br />Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et se .; provided <br />however, the Petitioner may not receive an economic revitalization area deduction if it <br />receives an enterprise zone investment deduction under I.C. 6-1.1-45 for the same <br />property. <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 Coun it <br />on'Y ~, .;~,~.,r~~c~e <br />S;gn't;,g rf thy; b's!i ie ^~ <br />an cPPc;tuniYy fcr P'.'L~:~ t,euris~,g and <br />Council action on th-s issue. <br /> <br />~4~~ ~~'~C~Q ~: e E <br />Y. ~~,,``,,~~,, ~/'~,w <br />~~~k3e,9 S.Y <br />~il~ ~teriC'~ ®fifiic~ <br />JUL 2 3 2008 <br />dCui~i ErQ4RCE <br />CITY Gt~~~+~, ~'Q. BENS <br />