Laserfiche WebLink
area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such <br />designation is for Real property tax abatement only and is limited to two (2) 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 up to a period of eight (8) years as shown by the <br />attachment pursuant to Indiana Code 6 -1.1- 12.1 -17. This resolution is adopted as an exception to <br />the current City Code regarding the applicable business type for the following reasons: (1) the <br />project places municipal vacant land on the tax rolls; (2) the project attracts potential regional <br />major league affiliates; and (3).the project provides additional space for youth participation at the <br />Four Winds Field. This further determines that the petition, the Memorandum of Agreement <br />between the Petitioner and the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 <br />et seg, <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 />P'>,F""-W FD <br />ROT <br />?+.D-TT "A' <br />YJI- <br />Member of the Common Coun 1 <br />.W Oil <br />t tlX rn <br />FSF� 15 2044 <br />L 2 � <br />