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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 Real property tax abatement only and <br />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 Real property tax deduction for a period of five (5) years, and <br />further determines that the petition, the Memorandum of Agreement between the <br />Petitioner and the City of South Bend and the Statement of Benefits comply with Chapter <br />2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 <br />et SeMc . <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approzaiu,yv yor. <br />e� <br />Member of the Common ouncil <br />PRESENTED L 0 _1 V'D', <br />NOT APPROVED 1 <br />ADOPTED <br />Filed In Clerk's Office <br />UP i t 2004 <br />IN. <br />