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remonstrances and objection from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an <br />economic 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 confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for <br />the purposed of tax abatement. Such designation is for Real property tax <br />abatement only and is limited to two (2) calendar years from the date of <br />adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property <br />owner is qualified for and is granted Real property tax deductions for a period <br />of Six (6) years and further determines that the petition complies with Chapter <br />2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6 -1.1 -12.1 et sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />PRESENTED -,,26 - ! (O <br />NOT APPROVED <br />ADOPTED 9-26-- 7P0 <br />Member of the Common Council <br />Filed in Clerk's Office <br />FAUG 1 1996 <br />LORETTAJ. DUDA <br />CRY r,LERR, SO. BEND. IN. <br />