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SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VI. In light of the risks to be taken by the Petitioner without guaranties for this nine <br />million dollar project, the Common Council hereby determines that the project meets the <br />standards for a special exception tax abatement consideration under Section 2 -84 of the South <br />Bend Municipal Code. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of <br />this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana <br />Code 5 -3 -1 and Indiana Code 6 -1.1- 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 VIII. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approval by the Mayor. <br />Member of the Common Council <br />PPJ -gNTE6 S -2,2-00 (t s aVAWJ eA <br />NOT APPROVED <br />ADOPTED S -21-00 OLJ aw)Q& A <br />Filed in Clerk's Office <br />E2 3 2000 <br />LORETPAJ. DUDA <br />CrrY CLERK, SO. BEND, IN, <br />