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SECTION VI. The Common Council pursuant to Section 2 -84 of the South Bend Municipal <br />Code finds that ten (10) years is a proper designation in light of the following: <br />1. The positive impact that establishing a particular new class of Support <br />Office space will have on the future marketing, growth and development of <br />Blackthorn Corporate Park. <br />2. The retention of jobs in the community and the potential for the creation of new <br />jobs within Blackthorn Corporate Park as a result of this particular development. <br />3. The enormous risk the petitioner takes associated with this type of development. <br />The Common Council hereby determines that the property owner is qualified for and is <br />granted property tax deduction for a period of ten (10) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption <br />of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to <br />Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the <br />public 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 <br />by the Common Council and approval by the Mayor. <br />H:\ WPDATA \TAXABATE \RESOLUT\CRESCENT.WPD <br />PRESENTED ( /0- f U <br />NOT APPROVED ` <br />ADOPTED 6 - Q � �j / <br />Member of the Common Council <br />3 <br />Filed in Clerk's Offim <br />JUN - 4 1998 <br />LORETTAJ. DUDA <br />CITYCLENK, SO. BEND, IN, <br />