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area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for PERSONAL 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 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 a period of five (5) 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 sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approved by the Mayor. <br />PRESENTED L,(—,L-L-0 L- <br />NOT APPROVED <br />ADOPTED y_'LL -OLD <br />ember of the Common CoJncil <br />APR 0 3 2007 <br />