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WHEREAS,. the Council has determined that the qualifications for an economic revitalization area <br />have been met. <br />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 <br />described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation <br />is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption <br />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 Real property tax deduction for a period of three(3) 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- <br />1.1-12 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 I Z� /q- i 0 <br />NOT APPROVED <br />ADOPTED 1 a - I `f ` �'1 W <br />Member of the Common Council <br />Filed In Clerk's office <br />E NOV 1 8 1998 <br />LORMAJ. DUDA <br />CITYCLfiK s0.8END,1K- <br />