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Lot 1 Portage Prairie <br />Minor #2 <br />RP 1732 04 -03 -08 <br />and which has Key Numbers 025- 1010 -0170, 025- 1010 - 016902, and 025 -1010- 017002 <br />be designated as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; <br />and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />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 <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for personal property tax abatement only <br />and is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted personal property tax deduction for a period of five (5) <br />years as shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 and further <br />determines that the petition, the Memorandum of Agreement between the Petitioner and <br />the City of South Bend, and the Statement of Benefits comply wit 2, Article 6, <br />of the Municipal Code of the City of South Bend and Indiaya -Code 6- 1.1 -12 asecl. <br />SECTION III. This Resolution shall be in full <br />adoption by the Common Council and approved by <br />YKESENTED <br />NOT APPROV0 <br />after its <br />Council <br />Filed in 61 rk's Office <br />:)QT <22 ZQ1,4 <br />.iOHN Voo-R <br />CITY CLERKS, SOUTH SEND, IN <br />