Confirming Tax Abatement - South Bend Heritage Foundation & Baugo Creek Realty Northeast Corner of Chapin St. & Western Ave. (10 Year Real Property)

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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: 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. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. H:\HOME\MBEITZIN\WPNTAXABATE\ABATES97\SBHERIT2.RE.S PRESENTED l " 9- 97 NOT APPROVED ADOPTED Member of the Common Counc' Filed In Clerk's Office JUN - 5 1997 LORETTA J. DUDA CRY CLERK, 80. BEND, IN.