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NOW, THEREFORE, BE TT 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 the <br />area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for Real 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 for <br />and is granted Real property tax deduction for a period of Six ( 6 ) years, and further <br />determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the <br />City of South Bend and Indiana Code 6- 1.1 -12 et sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approved by the Mayor. <br />PRESENTED R -2a - / 0 <br />NOT APPROVED p <br />ADOPTED q- 2 p , -1 n b <br />Member of the Common Council <br />Page 2 of 2 <br />Filed in Clerk's 3fflc� <br />FSEIP�-41998 <br />LORETTAJ. DUDA <br />CRY CLERK, SO. SEND, IN. <br />