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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 South <br />Bend, Indiana, as follows: <br />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 and is limited to ten (10) calendar years from <br />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 ten (10) years, and further determines <br />that the petition, the Memorandum of Agreement between the Petitioner and the City of South <br />Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of <br />the City of 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 />cp <br />:.r-4 ED '� 'F_oy <br />NOT APPROVED <br />ADOPTER ' <br />Member of the Common Councif <br />Find In Cier °ac'sfe� <br />2D08 <br />r <br />Jon vOORDE <br />C(i"f CLERK, GQ. BE D, i?I. <br />