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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 <br />Resolution designating the area described herein as an Economic <br />Revitalization Area for the purposes of tax abatement. Such <br />designation is for Personal property tax abatement only and is <br />limited to two (2) calendar years from the date of adoption of the <br />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 Personal property tax <br />deduction for a period of five (5) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend and Ind. Code S 6 -1.1 -12.1 <br />et seq. <br />SECTION III. This Resolution shall be in full force and effect <br />from and after its adoption by the Common Council and approval by <br />the Mayor. <br />PRESENTED / 2--I 45 <br />NOT APPROVED p <br />ADOPTED %Z —�p 95 <br />2. <br />Filed lea Geddes Offfifi G <br />N4V 14 X995 <br />i�iE:NE�4@��i0k <br />C+� CkfiElit.3dY. ��(%oPJ. <br />