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WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confmns its Declaratory Resolution designating <br />the area described herein as an Economic Revitalization Area for the purposes of tax <br />abatement. Such designation is for Real property tax abatement only and is limited to two (2) <br />calendar years from the date of adoption of the Declaratory Resolution by the Common <br />Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified <br />for 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 -12.1 a-&4. <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 />H: \HOME\B WB.COXO\ WPDATA\TAXABATE \CRAM P2.RES <br />PRESENTED 7- /y_ q7 <br />NOT APPROVED <br />ADOPTED J_ / q- q' <br />Member of the Common Council <br />Filed In Clerk's Office <br />MAR 2 1 1997 <br />LORETTA J. OWA <br />CRY CLERK, 80. BEND, IN. <br />