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WHEREAS, the Petitioner has requested an additional period of time to complete <br />construction of the planned project. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />,9RCTTON I The Common Council hereby confirms its Declaratory Resolution and its <br />Confirmatory Resolution designating the area described herein as an Economic Revitalization <br />Area for the purposes of property tax abatement. Such designation is for Real property tax <br />abatement only and is limited to three (3) calendar years from the date of adoption of the <br />Declaratory Resolution by the Common Council. <br />4FMON TI. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of ten (10) years, and <br />further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code <br />of the City of South Bend and Indiana Code 6 -1.1 -12.1 et cam. <br />SEC TION m- This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />MAB:taxabate /abates94 /allen3.res <br />PRESENTED //—/,3 <br />NOT APPROVED <br />ADOPTED /' ✓�� /� <br />Me of a ommon Council <br />Flied to CferWs OtW <br />114V - 81995 <br />IRMOAMM " <br />COCUA K,SO.pEt80,IN <br />