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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 Real property tax deduction for a period of ten (10) 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 sea. <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:\ MHM \TAXABATE\ABATES95\TAGARPH2.RES <br />PRESENTED 12 -1,?- 9S <br />NOT APPROVED <br />ADOPTED 12 - I G -95 <br />S <br />Filed in CierWs Office <br />L <br />IRENEGAMMON <br />gryCLWK,90.9EN1),►N <br />