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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <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 is <br />granted Personal property tax deduction for a period of five (5) years, and further determines that the <br />petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and <br />Indiana Code 6- 1.1 -12 et seq. <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 3 -z-1 -oa <br />NOT APPROVED <br />ADOPTED -21- a <br />�Y <br />Member of the Common Coun 1 <br />Filed in Clerk's Office <br />FEB 2 3 2000 <br />LORERAJ. WDA <br />CRYCUM 80. BEND, K <br />