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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 Personal property tax abatement only and is limited to two (2) calendar <br />years 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 Personal 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 <br />complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana <br />Code 6- 1.1 -12 et SeMc . <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 ` -4�-4 <br />NOT APPRO,yEd <br />ADOPTED 4— —t <br />Filed in C es@s°s ice <br />JOHN VueRor. <br />CITY CLERK, SOUTH SEND, IN <br />