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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 (5) five years as shown by the <br />attachment pursuant to Indiana Code 6- 1.1- 12.1 -17 and further determines that the petition, the <br />Memorandum of Agreement between the Petitioner and the City of South Bend, and the <br />Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of <br />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 />PRESENTED [ 2-A- 3 <br />NOT APPROVED <br />rADOPT-M 't2r6(--13 <br />..h� 1. <br />U, - nber of the �omrnon Council <br />i <br />1 <br />CuV 2G 20,3 <br />s _ <br />— dOlild voc _ R-D-I <br />'. CITY CLERK, SOUTH SEND, IN <br />