Confirming Tax Abatement - South Bend Redevelopment Commission/Crescent Michiana Properties LLC NW Corner of Nimtz PKWY. and Crescent Circle (10 Year Real Property)

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SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea. SECTION III. Upon the effective date of this Resolution, Resolution no. 2637 -98 is hereby rescinded. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED 12-1q-9g NOT APPROVED ADOPTED G cQ - i i -'�T Member of the Common Council Filed in Clerk's Office DEC - 8 1998 LORMAJ. DUDA WYCLE K SO. M.IN.