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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 sea. <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 <br />NOT APPROVED <br />'ADOPTM <br />Member of the Common C46uncil <br />Sign?ng of ti ill i5 on1 <br />oppoirtmilly f3i n,. 8 to Pra:�e an <br />Council action on a is issue, ain8 ard <br />'-fled in Clerk's Office, <br />NU 2 0 Z013 <br />iJOHM @ionill)k <br />CITY CLERK, SOUTH SEND, IN <br />