Laserfiche WebLink
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 Real property tax abatement only and is limited to two (2) calendar years <br />from the date of adoption of the Declaratory Resolution by the Common Council, and is further <br />limited by a reduction of $12,800 from the totals assessed value for purposes of computing tax <br />abatement due to Petitioner's non - compliance with Indiana Code 6 -1.1- 12.1- 11.3(a)(3). <br />SECTION II. The Common Council hereby determines that the property owner is qualified for <br />and is granted Real property tax deduction for a period of six (6) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South <br />Bend and Indiana Code 6- 1.1 -12 et se q., except for a portion of the project representing $12,800. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />PRESENTED <br />NOT APPROVED <br />ADOPTED -\- \2 Qy <br />Member of the Common Council <br />Flied In Clerk's Office <br />EW:2. 3 2004 <br />JOHN VOORDE <br />CRY Ot ERK, SO.,9END, IN. <br />