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SECTION I. The Common Council hereby confirms its Declaratory Resolution designating <br />the area described herein as an Economic Revitalization Area for the purposes of tax <br />abatement. Such designation is for Real property tax abatement only and is limited to two (2) <br />calendar years from the date of adoption of the Declaratory Resolution by the Common <br />Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified <br />for and is granted Real property tax deduction for a period of three (3) years, and further <br />determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the <br />City of South Bend and Indiana Code 6- 1.1 -12 et sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approved by the Mayor. <br />PRESENTED Q -Z-3 OZ <br />NOT APPROVED <br />ADOPTED R-7-3-02-- <br />Member of the Common Council <br />Filed In Cler k's Off'= <br />SEP 0 4 2002 <br />LOI&ETTA d. SNDA <br />cmrcta v.so.auD,im• <br />