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Subject to a Party Wall Agreement dated June 14, 1974, by and between Aldason <br />Corporation, an Indiana corporation and American Chain & Cable Company, Inc., <br />a New York corporation, recorded June 17, 1974 in the Office of the Recorder of St. <br />Joseph County, Indiana, in Miscellaneous Record 285, pages 77 -80. <br />Subject to a Permanent Easement Agreement dated June 14, 1974, by and between <br />Aldason Corporation, an Indiana corporation and American Chain & Cable <br />Company, Inc., a New York corporation, recorded June 17, 1974 in the Office of the <br />Recorder of St. Joseph County, Indiana, in Deed Record 787, pages 381 -388. <br />and which has Key Number 18- 8021 - 084503 as an Economic Revitalization Area; and <br />WHEREAS, notice ofthe adoption of a Declaratory Resolution and the public hearing before <br />the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances <br />and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic revitalization <br />area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />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 abatement. <br />Such designation is for personal 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. <br />SECTION II. The Common Council hereby determines that the property owner is qualified <br />for and is granted personal property tax deduction for a period of five (5) years, and further <br />determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City <br />of South Bend and Indiana Code 6 -1.1 -12.1 et seq. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br />SBDS02 RJD 204584vl <br />-2- <br />PRESENTED f—Z_ -Oa <br />NOT APPROVED <br />ADOPTER ' _Ld-Ua <br />2 1r 4 <br />MembM ofr e Common Council <br />Hod In <br />[AUC, 0 7 2000 <br />L ®ssTi� S. iiUStx <br />MY CLERK, W. 922 Xj, Jd,t <br />