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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 sea. <br />SECTION III. This Resolution shall be in full force and effect from and <br />Common Council and approved by the Mayor. 1 <br />Council <br />by the <br />c4 16 2014 <br />PRFSENTFD C(-I-ti —ty <br />POT, A?P20Y_; <br />L <br />WDOPT 0 R-1 -U -1 <br />