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SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Personal property tax abatement <br />only and is 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 owner is <br />qualified for and is granted Personal property tax deduction for a period of Five (5) <br />years, and further determines that the petition complies with Chapter 2, Article 6, of <br />the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 etsea. <br />SECTION III. The Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />2 <br />PRESENTED /- p 1 <br />NOT APPROVED <br />ADOPTED I Yj -15(_ <br />Member of the Com n Council <br />Rod <br />1�..:- ,F,.m.�,..n . <br />DEC 12 1995 <br />