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with said real estate having the following Key No. 25- 1018 -0628, as an Economic <br />Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing <br />before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances <br />and objections from interested persons; and <br />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 South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms 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 Personal property tax abatement only and is limited to <br />two (2) calendar years from the date of adoption of the Declaratory Resolution by the <br />Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified <br />for and is granted Personal property tax deduction for a period of FIVE 5 years, and <br />further determines that the petition complies with Chapter 2, Article 6, of the Municipal <br />Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sew. <br />SECTION III. 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 />FIs 71607 PRESENTED �' ?,�/ —q6 <br />(Rmis,A 11-26-90) NOT APPROVED / <br />ADOP7r) ( -�y -q6 <br />Member o the Common Council <br />Filed in Clerk's office <br />JUL 0 719%—J <br />IRENEGAMMON <br />CITYCLERK.SO- F0,ly <br />