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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 described <br />herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for <br />Personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the <br />Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted <br />Personal property tax deduction for a period of five (5) years, and further determines that the petition <br />complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1- <br />12 et sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common <br />Council and approved by the Mayor. <br />PRESENTED Z - \-LA 1 <br />NOT APPROVED p <br />ADOPTED 1 ` \-L-A \ <br />ac � <br />Member of the Common Council <br />Filed in Cleric's Office <br />Zuiv 2 > teas <br />Lo9ETTAJ. DUDA <br />MMLERK, 80. BEND, IN, <br />