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a length of 25.96 feet; thence South 00 degrees 00 minutes 00 seconds West 749.36 <br />feet; thence North 90 degrees 00 minutes 00 seconds West 70.00 feet to the point of <br />beginning. <br />Subject to legal highways. <br />and which has Key Number 25 -1010 -0409, as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the <br />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 and <br />objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic revitalization area <br />have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area <br />described herein as an Economic Revitalization Area for the purposes of tax abatement. Such <br />designation is for personal property tax abatement only and is limited to two (2) calendar years from <br />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 and <br />is granted personal property tax deduction for a period of five (5) years, and further determines that <br />the petition complies with Chapter 2, Article 6, ofthe Municipal Code of the City of South Bend and <br />Indiana Code 6 -1.1 -12.1 et seq. <br />SECTION Ill. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />SBDSM ICS 135234 <br />-3- <br />PRESENTED �o -Lb —Oa <br />NOT APPROVED <br />k <br />ADOPTED ( _C0 <br />e er of the Common Council <br />Filed In Clerk'SOffice <br />ju;' 77 <br />2000 <br />LORETfAJ. DUDA <br />CITY CLERK, SO. EIEND, 0L <br />