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COMMITTEE REPORT <br />TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: <br />Your Committee of the Whole, to whom was referred: <br />BILL NO. <br />01 -54 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND, INDIANA, COMMONLY KNOWN AS 3520 WESTMOOR STREET <br />AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) <br />YEAR REAL PROPERTY TAX ABATEMENT FOR HONEYWELL, INC., <br />AIRCRAFT LANDING SYSTEMS <br />Respectfully report that they have examined the matter and that in their opinion, this bill is being <br />recommended to the full Council with a favorable recommendation as amended as follows: <br />Section IX. The petitioner and Common Council agree that prior to the hearing of the <br />Confirmatory Resolution, that the petitioner and the Common Council will enter into a <br />Memorandum of Agreement that will specifically identify the terms and conditions of this <br />abatement. <br />Section X. The Common Council directs the City Clerk to cause notice of the adoption of this <br />Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana <br />Code 5 -3 -1 and Indiana Code 601.1 - 12.1 -2.5, said publication providing notice of the public <br />hearing before the Common Council on the proposed confirming of said declaration. <br />Section XI. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor, and shall be retroactive to May 5, 1997. <br />Andrew Udjak <br />Chairman <br />