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and which has Key Numbers 18-1055-2345,18-1055-2331, and 18- 1055 -2346 be <br />designated as an Economic Revitalization Area under the provisions of Indiana <br />Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., <br />and; <br />WHEREAS, the Department of Community and Economic Development <br />has concluded an investigation and prepared a report with information <br />sufficient for the Common Council to determine that the area qualifies as an <br />Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et sec., and South <br />Bend Municipal Code Sections 2 -76, et sea., and has further prepared maps and <br />plats showing the boundaries and such other information regarding the area in <br />question as required by law; and <br />WHEREAS, the Community and Economic Development Committee of the <br />Common Council has reviewed said report and recommended to the Common <br />Council that the area qualifies as an Economic Revitalization Area. <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 determines and finds that the Petition <br />for Real Property Tax Abatement and the Statement of Benefits form completed <br />by the Petitioner meet the requirements of Indiana Code 6 -1.1 -12.1 et sea., for <br />tax abatement. <br />SECTION II. The Common Council hereby determines and finds the following: <br />A. That the description of the proposed redevelopment or <br />rehabilitation meets the applicable standards for such development. <br />B. That the estimate of the value of the redevelopment or <br />rehabilitation is reasonable for projects of this nature; <br />C. That the estimate of the number of individuals who will be <br />employed or whose employment will be retained by the Petitioner can <br />reasonably be expected to result from the proposed described redevelopment <br />or rehabilitation; <br />D. That the estimate of the annual salaries of those individuals who will <br />be employed or whose employment will be retained by the Petitioner can be <br />reasonably expected to result from the proposed redevelopment or <br />