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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 Real property tax abatement only and is limited to two <br />(2) calendar years from the date of adoption of the Declaratory Resolution by the Common <br />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 further <br />determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the <br />City of South Bend and Indiana Code 6 -1.1 -12.1 et sep. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approved by the Mayor. <br />P:\ Mn{ E \TAXABATE\ABATES95 \TAGARPH4.RES <br />PRESENTED 12 -IO - � <br />NOT APPROVED <br />ADOPTED J2 -1 6/ -9` <br />1:liedF%OV! I o �te��'s OtfiC'8 <br />� 7 l3JJ <br />CUyCCLWK,so $EP1p, U <br />