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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 up to a period of eight (8) <br />years as shown by the attachment pursuant to Indiana Code 6- 1.1- 12.1 -17 and further <br />determines that the petition, the Memorandum of Agreement between the Petitioner and <br />the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, <br />of the Municipal Code of the City of South Bend and Indiana Code 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 />i.ta ✓li�'i,i <br />Member of the Common Counci <br />Signing of US blil is oray to pro�4.de an <br />oNG%n y for Public hpwri tg and <br />Courd action► on this issue, <br />Ic >rrj in Qi , <br />CITY CL ER t , :JOL <br />